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Nonprofit · EIN 90-0416156

THE EAGLE INSTITUTE

Also known as Montessori School of Excellence

Tax-exempt (reinstated) · MCKINNEY, TX 75071

Financials

$1.1M$1.2M2023$1.6M$1.4M2024
Revenue Expenses · by fiscal year end
Financials of THE EAGLE INSTITUTE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,573,458$1,434,647$138,811$4,833,780$3,538,523$1,295,257
December 31, 2023990$1,082,330$1,160,548-$78,218$2,400,222$1,243,776$1,156,446
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$581,568
Program service revenue
$991,723
Investment income
$0
Other revenue
$167

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Other salaries and wages
$791,850
Salaries, compensation and benefits (total)
$885,938
Professional fundraising fees
$0
Accounting fees
$9,375
Occupancy
$389,973
Depreciation
$1,545
Program services (functional)
$1,394,411
Fundraising (functional)
$40,236

Balance sheet and other

Total assets, start of year
$2,400,222
Total assets, end of year
$4,833,780
Total liabilities, end of year
$3,538,523
Net assets, end of year
$1,295,257
Land, buildings and equipment
$2,808,349
Net assets without donor restrictions
$1,295,257
Gross receipts
$1,573,458
Employees
47
Volunteers
100
Year formed
2008
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Farhana QuerishiPresident
Trustee or director, Officer
10$0
Syed Nabeel HasanyTreasurer/board member
Trustee or director, Officer
10$0
Beezer MooljiSecretary/board member
Trustee or director, Officer
10$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
Farhana QuerishiPresident
Officer
10$0
Syed Nabeel HasanyTreasuer/board member
Officer
10$0
Beezer MooljiSecretary/board member
Officer
10$0

Address and contacts

Address (IRS master file)
6200 VIRGINIA PKWY, MCKINNEY, TX 75071-5504
In care of
% ANJUM SHAREEF
Mailing address (990-N for 2011)
PO Box 252, McKinney TX 75070
Principal officer (990 for 2024)
Syed Nabeel Hasany, 6200 Virginia Ave, McKinney, TX 75071
Principal officer (990-N for 2011)
Wael Haboub, 3400 Grant St, McKinney TX 75071
Signed the 990
Nabeel Hasany, Treasurer
Phone
(214) 491-6090

Mission

The specific objectives and purposes of this corporation shall be to enhance the educational standards and facilitate high-quality educational practices for the families using the best methods in education, a key one utilizing the Montessori and other higher educational standards. To establish an efficient and self-sustaining school incorporating Islamic based knowledge and teachings. To establish a community center that furthers the goals of the organization.

990 for the year ended December 31, 2024

Program accomplishments

  • Excellence Academy: The primary program offered by EI is the running of the school. Most of the volunteer's time in the past years have been spent in the creation and establishment of the school. The Montessori teaching method has been implemented in the school with careful review and continues to make progress till grade 6. 2024 was a critical year where we further developed our high school program especially in restructuring how the school would work. Time was also spent on further revisions of the primary and elementary curriculum. EA team continues their work to further develop construction plans for land purchased for the school and construction started in the current year
    Expenses $1,357,929 · revenue $1,522,360
  • Summer Children Programs were offered where children from local public schools, MSE or from homeschooling were shown behavioral examples and to go out and help in the community. Several day's activities where all the children attended, old people's home to assist the individuals there and clean up garbage from local parks or cleaning the local masjid. No expenses as most of the cost were borne by volunteers and not submitted for reimbursement or requested tax donations.0
  • Parenting and Growth Development Workshops: Several regular parental growth development plans were initiated in 2024, with over 30 parents taking this participating in them. Additional educational and motivational workshops and speeches were also offered. It was again well received and several parents requested additional workshops that have been discussed and plans are to work with another organization to assist and support this activity.0
  • Curriculum Development: Staff and volunteers have continued to work on the modified curriculum for the educational foundation. The curriculum is being piloted with the primary classes and will continued to be developed over the course of the next few years so that it can be marketed to homeschooling families. Some of this was paid work however most expenses were deferred for 2025 calendar due to reduced revenue in the current year with approval from staff and volunteers.
    Expenses $36,482

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
90-0416156
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2014
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B99)
Assets (IRS master file)
$4,833,780
Income (IRS master file)
$1,573,458

Revocation and reinstatement

Exemption revoked
May 15, 2012
Posted by the IRS
March 11, 2013
Reinstated
Effective May 15, 2012

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,573,458$1,434,647$4,833,780XML
990December 2023$1,082,330$1,160,548$2,400,222XML
990December 2022$1,190,987$985,715$2,039,203IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2017–––IRS
990-N for 2011
Officer: Wael Haboub
December 31, 2011≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 90-0416156).

Questions about THE EAGLE INSTITUTE

What is the EIN of THE EAGLE INSTITUTE?
The employer identification number (EIN) of THE EAGLE INSTITUTE is 90-0416156.
Is THE EAGLE INSTITUTE tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2012 and reinstated it effective May 15, 2012.
Are donations to THE EAGLE INSTITUTE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE EAGLE INSTITUTE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of THE EAGLE INSTITUTE due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE EAGLE INSTITUTE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of THE EAGLE INSTITUTE?
The 990 for the year ended December 31, 2024 names Syed Nabeel Hasany.
Who are the officers and directors of THE EAGLE INSTITUTE?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does THE EAGLE INSTITUTE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,573,458, expenses of $1,434,647 and total assets of $4,833,780 at year end.

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