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Folsom Educational Academy

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Primary, Elementary Schools (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$1.2M (2022)

Expenses
$1.11M (2022)

Total Assets
$429k (2022)

Total Liabilities
$0 (2022)

Source: Form 990 tax filings from 2012 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,203,778
Expenses
$1,111,286
Net Income
$92,492
Net Assets
$429,484
Notable Sources of Revenue Percent of Total Revenue
Contributions $480,203
39.9%
Program Services $723,575
60.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $768,046
69.1%
Assets/Debt
Total Assets $429,484
Total Liabilities $0
Net Assets $429,484
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Ateeq Ahmed (President) $0 $0 $0
Shahbaz Khan (Treasurer) $0 $0 $0
Schinthia Islam (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$960,432
Expenses
$830,469
Net Income
$129,963
Net Assets
$336,992
Notable Sources of Revenue Percent of Total Revenue
Contributions $473,408
49.3%
Program Services $487,024
50.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $575,527
69.3%
Assets/Debt
Total Assets $368,562
Total Liabilities $31,570
Net Assets $336,992
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Ateeq Ahmed (President) $0 $0 $0
Shahbaz Khan (Treasurer) $0 $0 $0
Meren Shawesh (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$598,784
Expenses
$669,111
Net Income
-$70,327
Net Assets
$207,029
Notable Sources of Revenue Percent of Total Revenue
Contributions $148,478
24.8%
Program Services $450,306
75.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $505,834
75.6%
Assets/Debt
Total Assets $341,284
Total Liabilities $134,255
Net Assets $207,029
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Sohaib Sajid (Secretary) $0 $0 $0
Syed A Ahmed (President) $0 $0 $0
Meren Shawesh (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$683,781
Expenses
$621,824
Net Income
$61,957
Net Assets
$277,356
Notable Sources of Revenue Percent of Total Revenue
Contributions $334,000
48.8%
Program Services $349,781
51.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $448,198
72.1%
Assets/Debt
Total Assets $308,926
Total Liabilities $31,570
Net Assets $277,356
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Sohaib Sajid (Secretary) $0 $0 $0
Syed A Ahmed (President) $0 $0 $0
Meren Shawesh (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$502,125
Expenses
$516,326
Net Income
-$14,201
Net Assets
$215,399
Notable Sources of Revenue Percent of Total Revenue
Contributions $131,953
26.3%
Program Services $370,172
73.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $375,303
72.7%
Assets/Debt
Total Assets $246,969
Total Liabilities $31,570
Net Assets $215,399
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Sohaib Sajid (Secretary) $0 $0 $0
Syed A Ahmed (President) $0 $0 $0
Abdul Hafeez (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$527,344
Expenses
$473,076
Net Income
$54,268
Net Assets
$229,600
Notable Sources of Revenue Percent of Total Revenue
Contributions $219,375
41.6%
Program Services $307,969
58.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $259,575
54.9%
Assets/Debt
Total Assets $261,170
Total Liabilities $31,570
Net Assets $229,600
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Sohaib Sajid (Secretary) $0 $0 $0
Syed A Ahmed (President) $0 $0 $0
Abdul Hafeez (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$393,331
Expenses
$351,054
Net Income
$42,277
Net Assets
$175,332
Notable Sources of Revenue Percent of Total Revenue
Contributions $168,011
42.7%
Program Services $225,320
57.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $221,306
63.0%
Assets/Debt
Total Assets $206,903
Total Liabilities $31,571
Net Assets $175,332
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Sohaib Sajid (Secretary) $0 $0 $0
Syed A Ahmed (President) $0 $0 $0
Abdul Hafeez (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$388,621
Expenses
$365,796
Net Income
$22,825
Net Assets
$133,055
Notable Sources of Revenue Percent of Total Revenue
Contributions $173,295
44.6%
Program Services $215,326
55.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $225,228
61.6%
Assets/Debt
Total Assets $230,126
Total Liabilities $97,071
Net Assets $133,055
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Moizuddin Ahmed (President) $0 $0 $0
Syed A Ahmed (Secretary) $0 $0 $0
Ali Suleman (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$366,286
Expenses
$340,717
Net Income
$25,569
Net Assets
$110,230
Notable Sources of Revenue Percent of Total Revenue
Contributions $200,164
54.6%
Program Services $166,122
45.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $190,122
55.8%
Assets/Debt
Total Assets $211,300
Total Liabilities $101,070
Net Assets $110,230
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Moizuddin Ahmed (President) $0 $0 $0
Syed A Ahmed (Secretary) $0 $0 $0
Ali Suleman (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$392,781
Expenses
$322,476
Net Income
$70,305
Net Assets
$84,661
Notable Sources of Revenue Percent of Total Revenue
Contributions $267,211
68.0%
Program Services $125,570
32.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $170,188
52.8%
Assets/Debt
Total Assets $149,232
Total Liabilities $64,571
Net Assets $84,661
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Moizuddin Ahmed (President) $0 $0 $0
Syed A Ahmed (Secretary) $0 $0 $0
Mohammad Kharashgeh (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$142,451
Expenses
$128,095
Net Income
$14,356
Net Assets
$14,356
Notable Sources of Revenue Percent of Total Revenue
Contributions $96,376
67.7%
Program Services $46,075
32.3%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $20,926
Total Liabilities $6,570
Net Assets $14,356

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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