Civic Intelligence

Baker Demonstration School Inc.

990 • Fiscal year 2019 • EIN 20-1770644

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 14, 2019

201 Sheridan RdWilmette, IL 60091

(847) 425-5800

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.63x

Higher debt load relative to assets than 80% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

86th percentile

1.65x

Higher debt load relative to revenue than 86% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

52nd percentile

3.7%

Higher net margin than 52% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

55th percentile

$191,525

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

22nd percentile

-2.7%

Faster asset growth than 22% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

7th percentile

-42%

Faster revenue growth than 7% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Down

$14,743,998

Down $413,443 (-2.7%) from 2018

Net Assets

Up

$5,399,746

Up $209,496 (+4.0%) from 2018

Liabilities

Down

$9,344,252

Down $622,939 (-6.2%) from 2018

Revenue

Down

$5,663,145

Down $4,083,741 (-42%) from 2018

Expenses

Down

$5,453,649

Down $996,691 (-15%) from 2018

Net Income

Down

$209,496

Down $3,087,050 (-94%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2011: $11,891,428Liabilities 2011: $10,582,068Net Assets 2011: $1,309,3602011Assets 2012: $12,592,285Liabilities 2012: $10,928,967Net Assets 2012: $1,663,3182012Assets 2013: $12,525,455Liabilities 2013: $11,239,880Net Assets 2013: $1,285,5752013Assets 2014: $12,436,337Liabilities 2014: $11,006,645Net Assets 2014: $1,429,6922014Assets 2015: $13,130,397Liabilities 2015: $11,509,424Net Assets 2015: $1,620,9732015Assets 2016: $13,026,827Liabilities 2016: $11,056,989Net Assets 2016: $1,969,8382016Assets 2017: $12,256,527Liabilities 2017: $10,370,948Net Assets 2017: $1,885,5792017Assets 2018: $15,157,441Liabilities 2018: $9,967,191Net Assets 2018: $5,190,2502018Assets 2019: $14,743,998Liabilities 2019: $9,344,252Net Assets 2019: $5,399,7462019Assets 2020: $14,511,072Liabilities 2020: $9,547,095Net Assets 2020: $4,963,9772020Assets 2021: $14,131,000Liabilities 2021: $9,184,778Net Assets 2021: $4,946,2222021Assets 2022: $13,302,175Liabilities 2022: $8,379,097Net Assets 2022: $4,923,0782022Assets 2023: $13,678,199Liabilities 2023: $8,185,780Net Assets 2023: $5,492,4192023Assets 2024: $13,460,999Liabilities 2024: $8,026,901Net Assets 2024: $5,434,0982024Assets 2025: $14,305,065Liabilities 2025: $7,439,516Net Assets 2025: $6,865,5492025

Highlighted filing

2019

Assets$14,743,998
Liabilities$9,344,252
Net Assets$5,399,746

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $5,684,692Expenses 2011: $5,655,800Net Income 2011: $28,8922011Expenses 2012: $6,218,3792012Expenses 2013: $6,889,1752013Revenue 2014: $7,472,241Expenses 2014: $7,339,939Net Income 2014: $132,3022014Revenue 2015: $7,158,985Expenses 2015: $6,974,975Net Income 2015: $184,0102015Revenue 2016: $8,321,908Expenses 2016: $7,969,564Net Income 2016: $352,3442016Revenue 2017: $6,967,035Expenses 2017: $7,046,798Net Income 2017: -$79,7632017Revenue 2018: $9,746,886Expenses 2018: $6,450,340Net Income 2018: $3,296,5462018Revenue 2019: $5,663,145Expenses 2019: $5,453,649Net Income 2019: $209,4962019Revenue 2020: $5,034,403Expenses 2020: $5,470,172Net Income 2020: -$435,7692020Revenue 2021: $4,612,087Expenses 2021: $4,812,833Net Income 2021: -$200,7462021Revenue 2022: $4,950,417Expenses 2022: $5,214,649Net Income 2022: -$264,2322022Revenue 2023: $5,863,608Expenses 2023: $5,429,308Net Income 2023: $434,3002023Revenue 2024: $5,235,100Expenses 2024: $5,275,540Net Income 2024: -$40,4402024Revenue 2025: $7,053,095Expenses 2025: $5,557,146Net Income 2025: $1,495,9492025

Highlighted filing

2019

Revenue$5,663,145
Expenses$5,453,649
Net Income$209,496
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$5,719,111
Mission and Program Overview

Mission

At baker, we champion an exemplary progressive education, which cultivates an intrinsic motivation to learn, values differences, nurtures the whole person, and encourages courageous choices.

Baker is an elementary school that champions an exemplary progressive education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,477,217$8,328,795▼ $148,422
Accounts Receivable$2,884,991$2,685,667▼ $199,324
Cash and Non-Interest-Bearing Accounts$1,019,259$2,107,187▲ $1,087,928
Pledges and Grants Receivable$1,319,023$1,262,189▼ $56,834
Savings and Temporary Cash Investments$987,369--
Investments in Publicly Traded Securities$258,363$255,839▼ $2,524
Prepaid Expenses and Deferred Charges$100,858$92,044▼ $8,814
Total Assets$15,157,441$14,743,998▼ $413,443
Other Assets Total$110,361$12,277▼ $98,084
Liabilities
Tax Exempt Bond Liabilities$5,349,413$5,142,823▼ $206,590
Deferred Revenue$4,123,402$3,586,219▼ $537,183
Other Liabilities$93,250$533,971▲ $440,721
Accounts Payable and Accrued Expenses$396,657$81,239▼ $315,418
Mortgage Notes Payable Secured by Investment Property$4,469--
Total Liabilities$9,967,191$9,344,252▼ $622,939
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,531,001$3,968,866▲ $437,865
Unrestricted Net Assets$1,659,249$1,430,880▼ $228,369
Total Net Assets Fund Balance$5,190,250$5,399,746▲ $209,496
Total Liabilities and Net Assets / Fund Balance$15,157,441$14,743,998▼ $413,443

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,489,172$2,741,192$8,230,364
Land$2,708,458-$2,708,458
Equipment$131,165$313,499$444,664
Other Assets Org$12,277--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Carly AndrewsHead of SchoolFT$191,525$191,525
Arona PuttrichDirector of FinanceFT$123,272$123,272

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Mgr Cleaning SolutionsCleaning Service2204 N MOBILE AVENUE, Chicago, IL 60639$174,627
Revenue and Support

Revenue Composition

Contributions and Grants
$1,109,741
Program Service Revenue
$4,539,616
Investment Income
$44,117
Other Revenue
$-30,329
All Other Contributions
$990,975
Change in Net Assets
$209,496

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,663,145
Revenue Not Reported on Form 990
$55,966
Total Revenue per Audited Statements
$5,719,111
Total Revenue per Form 990
$5,663,145
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,557,963
Other Expenses$1,895,686
Total Fundraising Expense$148,888
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,678,421$254,567$105,074$3,038,062
Interest$404,479$28,070$3,119$435,668
Current Officers, Directors, Trustees, and Key Employees$314,797--$314,797
Depreciation Depletion$229,234$36,408$4,045$269,687
Occupancy$224,734$35,693$3,966$264,393
Payroll Taxes$150,363$49,843$4,898$205,104
All Other Expenses$65,548$5,863$4,593$76,004
Fees for Services Other-$64,871$6,943$71,814
Advertising$48,893$13,970$6,985$69,848
Information Technology$41,960$6,664$740$49,364
Insurance$35,149$4,966$793$40,908
Office Expenses$22,175$12,339$360$34,874
Other Expenses$14,862$3,902$4,954$19,816
Conferences and Meetings$930$930-$1,860
Total Functional Expenses$4,768,823$535,938$148,888$5,453,649

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,509,615
Total Expenses per Audited Statements$5,509,615
Total Expenses per Form 990$5,453,649
Expenses Not Reported on Financial Statements$-55,966
Other Expense Adjustments$-55,966
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$55,966
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
5k Run$7,890-$3,515-
Baker Ben$110,876$-559$14,421$-14,980
Total Events$118,766$-559$39,334$-39,893
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll$328,487
Interest Rate Swap$130,984
Tuition Deposits$74,500

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIllinois Finance Authority2016-05-17$7,000,000AQUISTION & CONSTRUCTION

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$5,737,854--$161,124

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

The form 990 is made available to the the finance committee before filing. Questions or concerns that any member of the finance committee have are directed to teh accountant and are addressed before the 990 is filed.

Conflict of interest policy compliance Part VI line 12C

The organization enforces the conflict of interest policy by asking each director, officer and member of a committee and members of administration to annually sign the policy. If a potential conflict of interest arises,it is disclosed to the board of trustees. If it is deemed a conflict, the individual shall not be involved during any related discussions on the matter. The minutes of all actions taken on such matters clearly reflect the context of such situations.

CEO executive director top management comp Part VI line 15A

The board of trustees appointed a committee to hire the head of school. The committee used data from knowledgeable consultants, benchmarking surveys (nais) and industry contacts to determine reasonable salary. The approval of the salary is documented in the head of schools contract. The last review was done in february 2018.the board of trustees appointed a compensation committee for review and approval of the director of finances salary. The commitee used data from national business officers association, benchmarking surveys (nais) and other salary benchmarking tools to determine reasonable salary. The approval of the salary is documented in the board minutes. The last review was done in january 2018.

Other officer or key employee compensation Part VI line 15B

The board of trustees appointed a committee to hire the head of school. The committee used data from knowledgeable consultants, benchmarking surveys (nais) and industry contacts to determine reasonable salary. The approval of the salary is documented in the head of schools contract. The last review was done in february 2018.the board of trustees appointed a compensation committee for review and approval of the director of finances salary. The commitee used data from national business officers association, benchmarking surveys (nais) and other salary benchmarking tools to determine reasonable salary. The approval of the salary is documented in the board minutes. The last review was done in january 2018.

Governing documents etc available to public Part VI line 19

The organization does make its bylaws, conflict of interst policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Baker Demonstration School Inc
EIN
20-1770644
Address
201 SHERIDAN RD, WILMETTE, IL 60091

Signing Officer

Name
Carly Andrews
Title
Head of School
Phone
8474255800
Signed
2019-11-14
Discuss with paid preparer
No

Organization Details

Principal Officer
Carly Andrews
Formed
2004
Legal Domicile
Il
Voting Board Members
17
Independent Board Members
17
Employees
109
Volunteers
34

Preparer

Firm
Castillo & Co CPA LLC
Address
222 S RIVERSIDE PLAZA SUITE 1500, CHICAGO, IL 60606
Preparer
David Castillo
Phone
3127968485
Supplemental Narrative

Financial Statement Notes

Other revenues not included on Form 990 (Part XI, line 2D)

Direct expenses from fundraising

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IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
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IRS990/FormationYr02004
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IRS990/OtherExpensesGrp/ProgramServicesAmt314862
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IRS990/OtherExpensesGrp/TotalAmt228906
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IRS990/ProgramServiceRevenueGrp/Desc0TUITION
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IRS990/ProgramServiceRevenueGrp/Desc2EXTENDED CARE
IRS990/ProgramServiceRevenueGrp/Desc3OTHER PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/Desc4APPLICATION FEES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1314537
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2137418
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3141544
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt430727
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1314537
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2137418
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3141544
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt430727
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03626644
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01248318
IRS990/PYInvestmentIncomeAmt03536
IRS990/PYOtherExpensesAmt01399261
IRS990/PYOtherRevenueAmt0-3633
IRS990/PYProgramServiceRevenueAmt06120339
IRS990/PYRevenuesLessExpensesAmt03296546
IRS990/PYSalariesCompEmpBnftPaidAmt03802761

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$14.3$7.44$6.87$7.05$5.56$1.50
2024Detailed filing. Detailed filing data is available for this year.$13.5$8.03$5.43$5.24$5.28$0.04
2023Detailed filing. Detailed filing data is available for this year.$13.7$8.19$5.49$5.86$5.43$0.43
2022Detailed filing. Detailed filing data is available for this year.$13.3$8.38$4.92$4.95$5.21$0.26
2021Detailed filing. Detailed filing data is available for this year.$14.1$9.18$4.95$4.61$4.81$0.20
2020Detailed filing. Detailed filing data is available for this year.$14.5$9.55$4.96$5.03$5.47$0.44
2019Detailed filing. Detailed filing data is available for this year.$14.7$9.34$5.40$5.66$5.45$0.21
2018Detailed filing. Detailed filing data is available for this year.$15.2$9.97$5.19$9.75$6.45$3.30
2017Detailed filing. Detailed filing data is available for this year.$12.3$10.4$1.89$6.97$7.05$0.08
2016Detailed filing. Detailed filing data is available for this year.$13.0$11.1$1.97$8.32$7.97$0.35
2015Detailed filing. Detailed filing data is available for this year.$13.1$11.5$1.62$7.16$6.97$0.18
2014Detailed filing. Detailed filing data is available for this year.$12.4$11.0$1.43$7.47$7.34$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.5$11.2$1.29$6.89
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.6$10.9$1.66$6.22
2011Summary only. Only limited summary data is available for this year.$11.9$10.6$1.31$5.68$5.66$0.03