Bayaan Academy Inc
- Assets
- $1.7m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 33
- Location
- Thonotosassa, FL
- Founding
- 09/2015
- Data as of
- 06/2022
- EIN
- 47-4744612
Organization Overview
Bayaan Academy Inc is located in Thonotosassa, FL. The organization was established in 2015. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Bayaan Academy Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bayaan 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 06/2022, Bayaan Academy Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 65.5% each year . All expenses for the organization totaled $2.2m during the year ending 06/2022. While expenses have increased by 68.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
PROVIDE A PLATFORM FOR FAMILIES WHO WANT THEIR CHILDREN TO STUDY CORE ACADEMIC SUBJECTS AS WELL AS ARABIC AND QURANIC STUDIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A PLATFORM FOR FAMILIES WHO WANT THEIR CHILDREN TO STUDY CORE ACADEMIC SUBJECTS AS WELL AS ARABIC AND QURANIC STUDIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dibo A Imad President | Officer | 15 | $0 |
Shehzad Ali Treaurer | Officer | 6 | $0 |
Momodu Ali Director | Officer | 6 | $0 |
Hameed Mohammed Director | Officer | 6 | $0 |
Marah Dahman Director | Officer | 6 | $0 |
Magda E Saleh Secretary | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,041,510 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,041,510 |
| Total Program Service Revenue | $1,431,806 |
| 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 | $2,473,316 |
| 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 | $1,007,416 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,972 |
| Payroll taxes | $76,090 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,204 |
| Fees for services: Accounting | $550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,871 |
| Office expenses | $18,870 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,758 |
| Insurance | $20,934 |
| All other expenses | $599,387 |
| Total functional expenses | $2,210,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $908,762 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $751,628 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,660,390 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $234,741 |
| Other liabilities | $0 |
| Total liabilities | $234,741 |
| 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 | $1,425,649 |
| Total liabilities and net assets/fund balances | $1,660,390 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Bayaan Academy Inc has recieved totaling $58,012.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: FUNDING EDUCATION PROVIDED TO CHILDREN STUDYING CORE ACADEMIC SUBJECTS AS WELL AS ARABIC AND QURANIC STUDIES | | $25,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $18,930 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $14,082 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Canterbury School Corporation Fort Myers, FL | $32,236,169 | $23,638,435 |
Brookstone School Inc Columbus, GA | $71,035,506 | $24,481,396 |
The Masters Academy Of Central Florida Inc Oviedo, FL | $26,482,967 | $18,246,673 |
Savannah Christian Preparatory School Inc Savannah, GA | $28,769,990 | $18,697,901 |
Saint Edwards School Vero Beach, FL | $54,149,022 | $17,250,987 |
Strong Rock Christian School Inc Locust Grove, GA | $18,179,980 | $18,285,975 |
Fellowship Christian School Inc Roswell, GA | $48,536,188 | $18,034,878 |
St Pauls Episcopal School Mobile, AL | $26,189,566 | $16,422,172 |
Dubois Integrity Academy Inc Riverdale, GA | $36,435,666 | $18,797,787 |
William Monroe Rowlett Academy For Arts And Communication Bradenton, FL | $11,754,381 | $15,312,169 |
Episcopal Day Private School Of Manatee County Inc Bradenton, FL | $25,876,327 | $15,435,458 |
St Francis Day School Inc Roswell, GA | $35,555,718 | $15,564,442 |