Eman Schools INC FY2023 filing

Tax-deductible

Fishers, IN501(c)(3)EducationEIN 90-0504254

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Eman Schools, INC organized exclusively for charitable, religous, and educational purposes. The purpose of the corporation is to operate a school to provide school aged individuals with an atmosphere as close to islamic ideals as possible where these individuals can grow and learn as whole individuals intellectually, spiritually and physically and to offer academic excellence.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$104K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $429K a year · 10% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$104K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $384K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$221K
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.9M
+6% vs prior year
Spent
$3.7M
To programs
88%
Net assets
$993K
By yearFY2021–FY2025
Revenue
$3.9M
FY2023▲ +6%
Revenue by fiscal year
FY2021$2.9M
FY2022$3.6M
FY2023$3.9M
FY2024$4.7M
FY2025$5.6M
Expenses
$3.7M
FY2023▲ +15%
Expenses by fiscal year
FY2021$2.7M
FY2022$3.2M
FY2023$3.7M
FY2024$4.0M
FY2025$4.9M
Net assets
$993K
FY2023▲ +20%
Net assets by fiscal year
FY2021$417K
FY2022$831K
FY2023$993K
FY2024$1.7M
FY2025$2.1M

From the FY2023 Form 990 (year ending July 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $3.3M Management & general 12% · $454K Fundraising 0% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $104K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Principal
$103,885Pt VII · Sec A
Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Shakir Rashid’s $115K as Head of School is at the 41st percentile of top reported officer pay among 3395 $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.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Shakir Rashid$114,627$111,430———
Shaker Rashid——$103,885$99,640$98,762

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates school-aged individuals in an Islamic environment, fostering intellectual, spiritual, and physical growth.

Provided by the organization

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1 program · $3.3M · in their own filed words · FY2022
01

Eman Schools served 404 students in grades K-12 during the 2022-2023 academic school year.The students have shown impressive growth in critical, creative and independent thinking skills while conquering challenging concepts in their academic programs.

$3.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$384K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$3.9M
Ln 12
Gifts and grantsLn 1h$2.4M
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$55
Money outPt IX
$3.7M
Ln 25
Programscol B$3.3M
Managementcol C$454K
Fundraisingcol D$3K
Owns and owesPt X
$993K
net assets · Ln 32
Cash and savingsLn 1–2$806K
Total assetsLn 16$1.2M
LiabilitiesLn 26$221K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Government grantsLn 1e$2.1M
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$55
Total revenueLn 12$3.9M
Assets in detailPt X, end of year
CashLn 1$806K
Cash and savings togetherLn 1–2$806K
Land, buildings, equipmentLn 10c$409K
Total assetsLn 16$1.2M
LiabilitiesLn 26$221K
Net assetsLn 32$993K
OperationsPt I, VI
EmployeesI 546
VolunteersI 67
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$619K$806K
Land, buildings, equipmentLn 10c$409K$409K
Total assetsLn 16$1.0M$1.2M
LiabilitiesLn 26$197K$221K
Net assetsLn 32$831K$993K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$104K$0$104K$0
Other salaries and wagesLn 7$2.1M$2.1M$0$0
Other employee benefitsLn 9$121K$121K$0$0
Payroll taxesLn 10$167K$167K$0$0
Management feesLn 11a$236K$0$236K$0
Accounting feesLn 11c$2K$0$2K$0
Office expensesLn 13$35K$0$35K$0
OccupancyLn 16$460K$460K$0$0
Depreciation, depletion and amortizationLn 22$28K$28K$0$0
InsuranceLn 23$22K$0$22K$0
Other expenses (24a–d)Ln 24$401K$359K$38K$3K
All other expensesLn 24e$27K$11K$17K$0
Total functional expensesLn 25$3.7M$3.3M$454K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.6M$4.9M$690K$2.1M 990 PDF
FY2024 $4.7M$4.0M$678K$1.7M 990 PDF
FY2023 Viewing $3.9M$3.7M$162K$993K 990 PDF
FY2022 $3.6M$3.2M$414K$831K 990 PDF
FY2021 $2.9M$2.7M$200K$417K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $3,882,837 across 6 lines filed
VIII-1e Government grants$2,119,786
VIII-1f All other contributions, gifts and grants$243,513
VIII-1h Total contributions, gifts and grants$2,363,299
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$1,519,483
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$55
VIII-12 Total revenueRelated to mission $1,519,538 · Unrelated business $0 · Excluded from tax $0$3,882,837
Part IX · Statement of functional expenses $3,720,360 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $103,885 · Fundraising $0$103,885
IX-7 Other salaries and wagesPrograms $2,116,930 · Management $0 · Fundraising $0$2,116,930
IX-9 Other employee benefitsPrograms $121,360 · Management $0 · Fundraising $0$121,360
IX-10 Payroll taxesPrograms $167,021 · Management $0 · Fundraising $0$167,021
IX-11a Management feesPrograms $0 · Management $236,484 · Fundraising $0$236,484
IX-11c Accounting feesPrograms $0 · Management $1,500 · Fundraising $0$1,500
IX-13 Office expensesPrograms $0 · Management $35,061 · Fundraising $0$35,061
IX-16 OccupancyPrograms $460,333 · Management $0 · Fundraising $0$460,333
IX-22 Depreciation, depletion and amortizationPrograms $28,163 · Management $0 · Fundraising $0$28,163
IX-23 InsurancePrograms $0 · Management $21,574 · Fundraising $0$21,574
IX-24 Other expenses (24a–d)Programs $358,790 · Management $38,441 · Fundraising $3,343$400,574
IX-24e All other expensesPrograms $10,841 · Management $16,634 · Fundraising $0$27,475
IX-25 Total functional expensesPrograms $3,263,438 · Management $453,579 · Fundraising $3,343$3,720,360
Part X · Balance sheet $1,214,649 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $619,275$805,780
X-10c Land, buildings and equipment, netStart of year $409,032$408,869
X-16 Total assetsStart of year $1,028,307$1,214,649
X-25 Other liabilitiesStart of year $193,620$221,293
X-26 Total liabilitiesStart of year $197,428$221,293
X-27 Net assets without donor restrictionsStart of year $779,429$941,906
X-28 Net assets with donor restrictionsStart of year $51,450$51,450
X-32 Total net assets or fund balancesStart of year $830,879$993,356
X-33 Total liabilities and net assetsStart of year $1,028,307$1,214,649
Part XI · Reconciliation of net assets $993,356 net assets at year end
XI-1 Total revenue$3,882,837
XI-2 Total expenses$3,720,360
XI-3 Revenue less expenses$162,477
XI-4 Net assets at start of year$830,879
XI-10 Net assets at end of year$993,356

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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