Wise Learning Corporation is located in Dearborn Heights, MI. The organization was established in 2012. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Wise Learning Corporation employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wise Learning Corporation 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 12/2022, Wise Learning Corporation generated $3.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO REACH FOR ACADEMIC AND ETHICAL EXCELLENCE THROUGH HIGH QUALITY EDUCATION, PROFESSIONAL AND SAFE ENVIRONMENT EQUIPPED WITH STATE-OF-THE ART FACILITIES, AND A HIGHLY QUALIFIED TEAM OF EXPERTS TO REPRESENT THE VISION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WISE ENROLLED MORE THAN 380 STUDENTS IN SCHOOL YEAR 2020-2022
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Hassanain Rajabali President | OfficerTrustee | 40 | $0 |
Inayat Walli Director | Trustee | 15 | $0 |
Muhammed Jaffer Director | Trustee | 4 | $0 |
Ayaz Virji Director | Trustee | 4 | $0 |
Hussein Charara Director | Trustee | 40 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $416,852 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $416,852 |
Total Program Service Revenue | $2,533,768 |
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 | $2,950,620 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,376,921 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $120,703 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $21,426 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $364,100 |
Advertising and promotion | $5,637 |
Office expenses | $50,485 |
Information technology | $9,836 |
Royalties | $0 |
Occupancy | $0 |
Travel | $44,641 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $200,013 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $875,070 |
Insurance | $37,532 |
All other expenses | $0 |
Total functional expenses | $3,491,729 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $219,523 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $194,012 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $34,650 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $585 |
Net Land, buildings, and equipment | $10,799,793 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $411,615 |
Intangible assets | $89,344 |
Other assets | $0 |
Total assets | $11,749,522 |
Accounts payable and accrued expenses | $0 |
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 | $3,696,123 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $82,271 |
Total liabilities | $3,778,394 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
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 | $7,971,128 |
Total liabilities and net assets/fund balances | $11,749,522 |
Over the last fiscal year, Wise Learning Corporation has awarded $110,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Dearborn Heights, MI PURPOSE: EDUCATION | $100,000 |
Dearborn Heights, MI PURPOSE: EDUCATION | $10,000 |
Over the last fiscal year, we have identified 1 grants that Wise Learning Corporation has recieved totaling $198,000.
Awarding Organization | Amount |
---|---|
Tawheed Institute Inc Dearborn Heights, MI | | $198,000 |
Organization Name | Assets | Revenue |
---|---|---|
Childrens Center For Developmental Enrichment Westerville, OH | $12,309,399 | $12,926,419 |
Edchoice Inc Indianapolis, IN | $20,542,454 | $10,117,129 |
Teachers Treasures Inc Indianapolis, IN | $1,070,406 | $9,359,257 |
Rev1 Ventures Columbus, OH | $21,187,153 | $10,381,705 |
Integrity Educational Services Grand Rapids, MI | $1,165,431 | $9,051,642 |
Preschool Promise Inc Dayton, OH | $4,299,915 | $8,117,368 |
Racine Charter One Inc Racine, WI | $5,378,275 | $6,487,272 |
First Steps Kent Grand Rapids, MI | $2,604,123 | $6,363,440 |
I Know I Can Columbus, OH | $49,678,666 | $6,921,288 |
Ohio Council Of Community Schools Toledo, OH | $7,079,568 | $6,241,775 |
Crayons To Classrooms Dayton, OH | $3,417,764 | $4,091,018 |
Uw-Platteville Real Estate Foundation Inc Platteville, WI | $45,856,338 | $5,901,983 |