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Wise Learning Corporation

Wise 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 / Educational Services and Schools - Other (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
$2.95M (2022)

Expenses
$3.49M (2022)

Total Assets
$11.7M (2022)

Total Liabilities
$3.78M (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
$2,950,620
Expenses
$3,491,729
Net Income
-$541,109
Net Assets
$7,971,128
Notable Sources of Revenue Percent of Total Revenue
Contributions $416,852
14.1%
Program Services $2,533,768
85.9%
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 $1,376,921
39.4%
Assets/Debt
Total Assets $11,749,522
Total Liabilities $3,778,394
Net Assets $7,971,128
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Muhammed Jaffer (Director) $0 $0 $0
Inayat Walli (Director) $0 $0 $0
Ayaz Virji (Director) $0 $0 $0
Hussein Charara (Director) $0 $0 $0
Hassanain Rajabali (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,151,068
Expenses
$2,970,493
Net Income
$1,180,575
Net Assets
$8,512,237
Notable Sources of Revenue Percent of Total Revenue
Contributions $451,400
10.9%
Program Services $2,988,497
72.0%
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 $711,171
17.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,065,860
35.9%
Assets/Debt
Total Assets $12,561,563
Total Liabilities $4,049,326
Net Assets $8,512,237
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Muhammed Jaffer (Director) $0 $0 $0
Inayat Walli (Director) $0 $0 $0
Ayaz Virji (Director) $0 $0 $0
Hussein Charara (Director) $0 $0 $0
Hassanain Rajabali (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,846,675
Expenses
$2,278,588
Net Income
-$431,913
Net Assets
$7,709,729
Notable Sources of Revenue Percent of Total Revenue
Contributions $269,225
14.6%
Program Services $1,474,051
79.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $53,586
2.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $18,570
1.0%
Other Revenue $31,243
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,088,599
47.8%
Assets/Debt
Total Assets $12,477,346
Total Liabilities $4,767,617
Net Assets $7,709,729
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Hassanain Rajabali (President) $0 $0 $0
Hussein Charara (Director) $0 $0 $0
Ayaz Virji (Director) $0 $0 $0
Muhammed Jaffer (Director) $0 $0 $0
Inayat Walli (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,900,396
Expenses
$3,162,068
Net Income
$738,328
Net Assets
$8,141,642
Notable Sources of Revenue Percent of Total Revenue
Contributions $415,694
10.7%
Program Services $3,173,194
81.4%
Investment Income $41,254
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $147,075
3.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $56,953
1.5%
Other Revenue $66,226
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,598,788
50.6%
Assets/Debt
Total Assets $12,053,463
Total Liabilities $3,911,821
Net Assets $8,141,642
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Hassanain Rajabali (President) $0 $0 $0
Hussein Charara (Director) $0 $0 $0
Ayaz Virji (Director) $0 $0 $0
Muhammed Jaffer (Director) $0 $0 $0
Inayat Walli (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,359,413
Expenses
$3,060,851
Net Income
$1,298,562
Net Assets
$7,403,314
Notable Sources of Revenue Percent of Total Revenue
Contributions $914,012
21.0%
Program Services $3,346,028
76.8%
Investment Income $1,473
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $97,900
2.2%
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 $1,403,277
45.8%
Assets/Debt
Total Assets $11,958,654
Total Liabilities $4,555,340
Net Assets $7,403,314
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Hussein Charara (Director) $0 $0 $0
Aya Virji (Director) $0 $0 $0
Muhammad Jaffer (Director) $0 $0 $0
Hassanian Rajabali (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,300,843
Expenses
$1,989,517
Net Income
$311,326
Net Assets
$6,104,752
Notable Sources of Revenue Percent of Total Revenue
Contributions $261,914
11.4%
Program Services $2,010,162
87.4%
Investment Income $28,767
1.3%
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 $780,294
39.2%
Assets/Debt
Total Assets $9,918,492
Total Liabilities $3,813,740
Net Assets $6,104,752
Compensation
Key Employees and Officers Compensation Related Other
Hussein Charara (Officer) $0 $0 $0
Aya Virji (Officer) $0 $0 $0
Muhammad Jaffer (Officer) $0 $0 $0
Hassanian Rajabali (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,905,474
Expenses
$1,484,071
Net Income
$421,403
Net Assets
$5,793,426
Notable Sources of Revenue Percent of Total Revenue
Contributions $550,117
28.9%
Program Services $1,236,981
64.9%
Investment Income $118,376
6.2%
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 $495,001
33.4%
Assets/Debt
Total Assets $6,281,273
Total Liabilities $487,847
Net Assets $5,793,426
Compensation
Key Employees and Officers Compensation Related Other
Hussein Charara (Officer) $0 $0 $0
Muhammad Jaffer (Director) $0 $0 $0
Ayaz Virji (Director) $0 $0 $0
Hassanain Rajabali (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,032,310
Expenses
$1,100,622
Net Income
$1,931,688
Net Assets
$5,372,023
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,021,515
66.7%
Program Services $929,254
30.6%
Investment Income $81,541
2.7%
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 $430,869
39.1%
Assets/Debt
Total Assets $5,675,649
Total Liabilities $303,626
Net Assets $5,372,023
Compensation
Key Employees and Officers Compensation Related Other
Hassanain Rajabali (President/Director) $0 $0 $0
Hussein Charara (Vice Pres/Director) $0 $0 $0
Muhammad Jaffer (Trustee) $0 $0 $0
Husein Kermali (Trustee) $0 $0 $0
Mohammed Dawoodally (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$836,243
Expenses
$703,618
Net Income
$132,625
Net Assets
$2,536,758
Notable Sources of Revenue Percent of Total Revenue
Contributions $413,347
49.4%
Program Services $422,560
50.5%
Investment Income $336
0.0%
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 $251,126
35.7%
Assets/Debt
Total Assets $2,573,408
Total Liabilities $36,650
Net Assets $2,536,758
Compensation
Key Employees and Officers Compensation Related Other
Hassanain Rajabali (President/Director) $0 $0 $0
Hussein Charara (Vice Pres/Director) $0 $0 $0
Muhammad Jaffer (Trustee) $0 $0 $0
Husein Kermali (Trustee) $0 $0 $0
Mohammed Dawoodally (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,812,821
Expenses
$557,709
Net Income
$2,255,112
Net Assets
$2,376,307
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,479,204
88.1%
Program Services $330,771
11.8%
Investment Income $1,356
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,490
0.1%
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 $72,270
13.0%
Assets/Debt
Total Assets $2,526,175
Total Liabilities $149,868
Net Assets $2,376,307
Compensation
Key Employees and Officers Compensation Related Other
Hassanain Rajabali (President/Director) $0 $0 $0
Hussein Charara (Vice Pres/Director) $0 $0 $0
Muhammad Jaffer (Trustee) $0 $0 $0
Husein Kermali (Trustee) $0 $0 $0
Mohammed Dawoodally (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$377,300
Expenses
$280,390
Net Income
$96,910
Net Assets
$121,195
Notable Sources of Revenue Percent of Total Revenue
Contributions $46,180
12.2%
Program Services $331,109
87.8%
Investment Income $7
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $8,430
3.0%
Assets/Debt
Total Assets $135,607
Total Liabilities $14,412
Net Assets $121,195

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.

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Types of Nonprofits

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