Itsamvtinc

EIN: 871522506 501(c)(3) Religion

JACKSONVILLE, FL

Total Revenue
$1,465,127
Total Expenses
$1,495,576
Total Assets
$240,254
Net Assets
$-111,330
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
FL
Principal Officer
Wael OBEID
Phone
9049808337
Tax Period
2025-01-01 to 2025-12-31

Itsamvtinc, founded in 2021, is a community nonprofit in the Religion sector that reported $1.5M in total revenue in fiscal year 2025. Revenue surged 186% from the prior year, signaling strong growth momentum.

Mission

The mission of ITSAMVT INC is to empower communities through education and development by operating MY ACADEMY MY COLLEGE MY UNIVERSITY and other initiatives. We aim to cultivate good citizens who embody academic excellence moral values American principles and community engagement following the Prophetic example of kindness and respect.

Program Service Accomplishments

Program 1
Expenses: $1,466,192 Revenue: $1,447,778

In 2024 MY ACADEMY a prominent private Islamic school in Jacksonville FL enhanced its K-12 education by integrating Islamic values. The school grew its facilities introduced specialized programs and...

Read more

In 2024 MY ACADEMY a prominent private Islamic school in Jacksonville FL enhanced its K-12 education by integrating Islamic values. The school grew its facilities introduced specialized programs and planned to offer transportation services for wider student accessibility emphasizing personalized learning and community impact to develop future leaders.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $14,919
Program Service Revenue $1,447,778
Investment Income $2,430
Other Revenue $0
TOTAL REVENUE $1,465,127

Expense Breakdown

Grants Paid $0
Salaries & Benefits $627,913
Fundraising Expenses $0
Program Expenses $1,466,192
Other Expenses $867,663
TOTAL EXPENSES $1,495,576

Year-over-Year Comparison

2025 2024 Change
Revenue $1,465,127 $512,794 +1.9%
Expenses $1,495,576 $522,580 +1.9%
Net Income $-30,449 $-9,786 +2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
4
Independent Members
1
Employees
26
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$157,699
Total Directors
4
$157,699
Key Employees
3
$157,699
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mohamed Arab Principal 40.00
Officer Director Key Emp Highest
$58,147 $0 $58,147
Wael Obeid IT System Admin 40.00
Officer Director Key Emp Highest
$60,651 $0 $60,651
Shaheed Arab Secretary 1.00
Director
$0 $0 $0
Essa Arab Facility Director 40.00
Officer Director Key Emp
$38,901 $0 $38,901
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,465,127 $1,495,576 $240,254 $-30,449
2024 $512,794 $522,580 No data $-9,786
Explore More Nonprofits
Top 100 Nonprofits in Florida Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Itsamvtinc with other nonprofits in Florida and across the country.