Nonprofit · EIN 83-1524478
CRESCENT ACADEMY
Tax-exempt · SAN DIEGO, CA 92121
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,117,693 | $479,518 | $638,175 | $3,453,996 | $31,896 | $3,422,100 |
| December 31, 2023 | 990 | $335,567 | $345,281 | -$9,714 | $2,847,121 | $63,196 | $2,783,925 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,054,641
- Program service revenue
- $30,250
- Investment income
- $32,802
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $71,718
- Compensation of officers, directors and key employees
- $48,000
- Salaries, compensation and benefits (total)
- $53,209
- Professional fundraising fees
- $0
- Accounting fees
- $4,100
- Occupancy
- $64,580
- Depreciation
- $74,916
- Program services (functional)
- $419,538
- Management and general (functional)
- $59,980
Balance sheet and other
- Total assets, start of year
- $2,847,121
- Total assets, end of year
- $3,453,996
- Total liabilities, end of year
- $31,896
- Net assets, end of year
- $3,422,100
- Land, buildings and equipment
- $2,945,639
- Net assets without donor restrictions
- $3,422,100
- Gross receipts
- $1,117,693
- Employees
- 1
- Year formed
- 2018
- State of legal domicile
- CA
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ahmad Shakib Nawabi | President & CEO Trustee or director | 40 | $48,000 |
| Zaheer Shaheer | Secretary Trustee or director | 2 | $0 |
| Ilyas Ahmad Zahir | CFO Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ahmad Shakib Nawabi | President & CEO Trustee or director | 40 | $107,000 |
| Zaheer Shaheer | Secretary Trustee or director | 2 | $0 |
| Ilyas Ahmad Zahir | CFO Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 6916 MIRAMAR RD, SAN DIEGO, CA 92121-0000
- Mailing address (990-N for 2019)
- 11183 Kelowna Road 36, San Diego CA 92126
- Principal officer (990 for 2024)
- Ahmad Shakib Nawabi, 6916 Miramar Rd, San Diego, CA 92121
- Principal officer (990-N for 2019)
- Ahmad Shakib Nawabi, 11183 Kelowna Road 36, San Diego CA 92126
- Signed the 990
- Ahmad Shakib Nawabi, President & CEO
- Phone
- (858) 610-6626
- Return prepared by
- KHAN CPA CORPORATION
California records
California keeps its own records of charities and corporations. Search them by EIN 83-1524478 or by the name CRESCENT ACADEMY.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
The organization's primary exemption purpose is to operate a full time primary and secondary school with an emphasis on religious education.
Program accomplishments
- The school is up and running with approximately 60 students enrolled.Expenses $419,538
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 83-1524478
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $3,453,996
- Income (IRS master file)
- $1,117,693
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,117,693 | $479,518 | $3,453,996 | IRS |
| 990 | December 2023 | $335,567 | $345,281 | $2,847,121 | XML |
| 990 | December 2022 | $2,162,501 | $236,746 | $2,936,835 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Ahmad Shakib Nawabi | December 31, 2019 | ≤ $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 83-1524478).
Questions about CRESCENT ACADEMY
- What is the EIN of CRESCENT ACADEMY?
- The employer identification number (EIN) of CRESCENT ACADEMY is 83-1524478.
- Is CRESCENT ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to CRESCENT ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CRESCENT ACADEMY 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 CRESCENT ACADEMY 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 CRESCENT ACADEMY 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 CRESCENT ACADEMY?
- The 990 for the year ended December 31, 2024 names Ahmad Shakib Nawabi.
- Who are the officers and directors of CRESCENT ACADEMY?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $48,000 (Ahmad Shakib Nawabi, President & CEO).
- How much revenue does CRESCENT ACADEMY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,117,693, expenses of $479,518 and total assets of $3,453,996 at year end.
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