The Eagle Institute EIN 90-0416156

The Eagle Institute

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Promotes Montessori education and community services, integrating Islamic teachings. For fiscal year 2024 it reported $1.6M in revenue, $1.4M in expenses, and $1.3M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
McKinney, TX
Website
montessoriexcellence.com
Filings
5 on file (2020–2024)
Revenue
$1.6MFY2024
Expenses
$1.4M
Net assets
$1.3M
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  90-0416156 Public charity (501(c)(3)) McKinney, TX
Form 990 (PDF)
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Size
$1–10M
What they do
Promotes Montessori education and community services, integrating Islamic teachings.
Leadership
Farhana Querishi · President
Money in and out
$1.6M revenue, $1.4M expenses
Bottom line
97% program efficiency
Where the money goes · FY2024
Total revenue
$1.6M
Pt VIII · Ln 12
Total expenses
$1.4M
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $139K
Where spending went · Part IX cols B–D
Program services $0.97 Fundraising $0.03
Program efficiency
97%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
16.0mo
months of highly liquid reserves at operating expense rate▲ +40% vs prior filing year
Surplus margin
+9%
revenue over expenses, this year▲ +222% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.6M
FY2024▲ +45%
Expenses
$1.4M
FY2024▲ +24%
Total assets
$4.8M
FY2024▲ +101%
Total liabilities
$3.5M
FY2024▲ +184%
Total revenue
$1.6M
Pt VIII · Ln 12
Total expenses
$1.4M
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$139K
Total assetsPt X · Ln 16$4.8M
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $1.4M of program spending, described in the organization's own filed words · FY2024.
01

Excellence Academy

The primary program offered by EI is the running of the school. Most of the volunteer's time in the past years have been spent in the creation and establishment of the school. The Montessori teaching method has been implemented in the school with careful review and continues to make progress till grade 6.

$1.4Mprogram expense
02

Summer Children Programs were offered where children from local public schools, MSE or from homeschooling were shown behavioral examples and to go out and help in the community. Several day's activities where all the children attended, old people's home to assist the individuals there and clean up garbage from local parks or cleaning the…

Pt IX · col B
03

Parenting and Growth Development Workshops

Several regular parental growth development plans were initiated in 2024, with over 30 parents taking this participating in them. Additional educational and motivational workshops and speeches were also offered.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Eagle Institute
EINHdr · item D90-0416156
Principal addressHdr · item CMcKinney, TX
WebsiteHdr · item Jmontessoriexcellence.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B99)
Ruling yearIRS BMFJun 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer/Board Member
$0Pt VII · Sec A
Secretary/Board Member
$0Pt VII · Sec A

Asma Ismail’s $42K as Administrator is at the 6th percentile of top reported officer pay among 3393 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Statement of Revenue

Part VIII
Program service revenue$992K · 63%
Contributions & grants$582K · 37%
Program service revenue63%$992K
Contributions & grants37%$582K
Other revenue$167
Total revenueLn 12$1.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Fundraising $0.03
Program services97%$1.4M
Fundraising3%$40K
Total functional expensesLn 25$1.4M

Balance Sheet

Part X · end of year
CashLn 1$1.9M
Total assetsLn 16$4.8M
Total liabilitiesLn 26$3.5M
Total net assetsLn 32$1.3M
Months of cash on handcomputed16.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.9M · Operating expenses/yr $1.4M
16.0 months
Where the money goes
Program services
Program services $1.4M · Total expenses $1.4M
97%
Management & General
Management & general $0 · Total expenses $1.4M
0%
Fundraising
Fundraising $40K · Total expenses $1.4M
3%
Cost to raise $1
Fundraising expense (3-yr avg) $13K · Solicited contributions (3-yr avg) $384K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $582K · Total revenue $1.6M
37%
Government reliance
Government grants $0 · Total revenue $1.6M
0%
Earned-income share
Program service revenue $992K · Total revenue $1.6M
63%
Investment reliance
Investment income $0 · Total revenue $1.6M
0%
Program self-sufficiency
Program service revenue $992K · Total expenses $1.4M
69%
Growth & trend
Revenue growth (YoY)
This year $1.6M · Prior year $1.1M
+45%
Revenue CAGR
FY2020 $720K · FY2024 $1.6M
+22%
Net-asset trend (YoY)
End of year $1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.6M · Expenses $1.4M
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $4.8M
Net-asset ratio
Net assets $1.3M · Total assets $4.8M
27%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $4.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Farhana Querishi · Reported title President · Highest reported compensation $0 · Total expenses $1.4M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $886K · Total expenses $1.4M
62%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 0%
Fundraising cost ratio 7%
Revenue growth 45%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.7%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$21K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.6M revenue · viewing · ⤓ 990 PDF
FY2023$1.1M revenue · ⤓ 990 PDF
FY2022$1.2M revenue · ⤓ 990 PDF
FY2021$876K revenue · ⤓ 990 PDF
FY2020$720K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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