Manara Academy Inc
- Assets
- $8.8m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 73
- Location
- Irving, TX
- Founding
- 01/2007
- Data as of
- 06/2021
- EIN
- 20-5254172
Organization Overview
Manara Academy Inc is located in Irving, TX. The organization was established in 2007. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2021, Manara Academy Inc employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manara Academy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Manara Academy Inc generated $7.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $6.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IT IS OUR VISION TO BE THE PINNACLE OF KNOWLEDGE, CHARACTER, ETHICS, AND COMMUNITY BUILDING.(A) TEACH CHILDREN TO BE COGNITIVE, ANALYTICAL, CREATIVE AND ENTHUSIASTIC LIFELONG LEARNERS.(B) TEACHERS ARE ROLE-MODELS FOR THEIR STUDENTS.(C) PARENTS ARE ROLE-MODELS FOR THEIR CHILDREN.(D) SENIOR STUDENTS ARE ROLE-MODELS FOR YOUNGER ONES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IT IS OUR VISION TO BE THE PINNACLE OF KNOWLEDGE, CHARACTER, ETHICS, AND COMMUNITY BUILDING. PROVIDE HIGH ACADEMIC ACHIEVEMENT. TEACH CHILDREN TO BE COGNITIVE, ANALYTICAL, CREATIVE AND ENTHUSIASTIC LIFELONG LEARNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Sudan Superintendent | Officer | 40 | $108,879 |
Dr Ehap Sabri President/director | OfficerTrustee | 1 | $0 |
Sadak Shaik Vice-Pres/director | OfficerTrustee | 1 | $0 |
Jaszeer Mohammed Secretary/director | OfficerTrustee | 1 | $0 |
Brandy Schott Treasurer/director | OfficerTrustee | 1 | $0 |
Dr Ali Shaqlaih Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dynamic Support Solutions Consulting | 6/29/21 | $277,540 |
Preferred Meal Systems Food & Beverage | 6/29/21 | $226,178 |
Rockworth Group Construction Contractor | 6/29/21 | $209,825 |
Service First Janitorial Janitorial Services | 6/29/21 | $197,703 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,930,482 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,477 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,933,959 |
| Total Program Service Revenue | $2,714 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,313,954 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $108,879 |
| Compensation of current officers, directors, key employees. | $108,879 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,134,954 |
| Pension plan accruals and contributions | $206,878 |
| Other employee benefits | $218,514 |
| Payroll taxes | $47,185 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,173 |
| Fees for services: Accounting | $14,632 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $629,961 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $211,871 |
| Royalties | $0 |
| Occupancy | $912,091 |
| Travel | $7,019 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $250,651 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $199,660 |
| Insurance | $43,832 |
| All other expenses | $0 |
| Total functional expenses | $6,485,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $937,449 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,038,031 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,659,022 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $163,617 |
| Total assets | $8,798,119 |
| Accounts payable and accrued expenses | $578,779 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,335,507 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,914,286 |
| Net assets without donor restrictions | $1,632,746 |
| Net assets with donor restrictions | $1,251,087 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,798,119 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Manara Academy Inc has recieved totaling $14.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $14 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Child Inc Austin, TX | $5,389,599 | $17,643,504 |
Southwest Christian School Inc Fort Worth, TX | $45,808,415 | $19,471,207 |
Southwest Louisiana Charter Academy Foundation Inc Lake Charles, LA | $44,512,602 | $16,859,571 |
Trinity School Of Midland Texas Midland, TX | $27,961,554 | $15,122,842 |
Dallas International School Dallas, TX | $26,054,966 | $13,430,563 |
Tulsa Christian Education Corporation Tulsa, OK | $13,603,997 | $12,564,074 |
Fort Worth Christian School Inc North Richland Hills, TX | $26,990,918 | $13,008,195 |
D Arbonne Woods Charter School Inc Farmerville, LA | $29,772,897 | $12,075,907 |
The New School Fayetteville, AR | $39,755,955 | $6,395,577 |
Success Preparatory Academy New Orleans, LA | $2,439,777 | $7,661,479 |
The Fay School Houston, TX | $22,159,376 | $8,809,137 |
Manara Academy Inc Irving, TX | $8,798,119 | $7,313,954 |