Liabilities / Assets
60th percentile
Higher debt load relative to assets than 60% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.31x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
94th percentile
Faster asset growth than 94% of similar nonprofits.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Balance Sheet
Assets
Up$2,960,077
Up $1,067,997 (+56%) from 2012
Net Assets
Up$2,036,476
Up $637,536 (+46%) from 2012
Liabilities
Up$923,601
Up $430,461 (+87%) from 2012
Revenue And Expenses
Revenue
-
No earlier filing loaded for comparison.
Expenses
Up$4,962,941
Up $1,201,471 (+32%) from 2012
Net Income
-
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2012 to Jun 30, 2013
- Signed
- Nov 11, 2013
- Return Version
- 2012v2.3
- Gross Receipts
- $5,389,305
Mission and Program Overview
Mission
Epic academy (the "academy") was formed to provide educational services to high school students with a rigorous college preparatory curriculum. The academy is supported primarily through per capita tuition payments under a performance agreement (the "agreement") with chicago public schools ("cps") and the chicago board of education (the "board"). Additional support is provided by grants from state and federal agencies, various community and corporate foundations, and the general public. The academy has been certified as a charter school by the illinois state board of education, effective july 1, 2010. The first instruction year commenced in september 2009 with 120 students in the 9th grade. The academy supports grades 9 through 12, to an anticipated total capacity of 600 students in future years. The academy is located in chicago, illinois. The academy will not charge tuition to any student, unless the student would otherwise be liable under the school code, as defined within the agree
Filing and Contact Details
Filer
- EIN
- 20-8674711
Raw XML AppendixShowing 400 of 478 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReview | 0 | false |
| IRS990/AccountsPayableAccruedExpenses/BOY | 0 | 24664 |
| IRS990/AccountsPayableAccruedExpenses/EOY | 0 | 49558 |
| IRS990/ActivitiesConductedPartnership | 0 | false |
| IRS990/ActivityOrMissionDescription | 0 | EPIC ACADEMY (THE "ACADEMY") WAS FORMED TO PROVIDE EDUCATIONAL SERVICES TO HIGH SCHOOL STUDENTS WITH A RIGOROUS COLLEGE PREPARATORY CURRICULUM BASED ON THE EXPEDITIONARY LEARNING SCHOOL MODEL. THE ACADEMY IS SUPPORTED PRIMARILY THROUGH PER CAPITA TUITION PAYMENTS UNDER A PERFORMANCE AGREEMENT (THE "AGREEMENT") WITH CHICAGO PUBLIC SCHOOLS ("CPS") AND THE CHICAGO BOARD OF EDUCATION (THE "BOARD"). ADDITIONAL SUPPORT IS PROVIDED BY GRANTS FROM STATE AND FEDERAL AGENCIES, VARIOUS COMMUNITY AND CORPORATE FOUNDATIONS, AND THE GENERAL PUBLIC. THE ACADEMY HAS BEEN CERTIFIED AS A CHARTER SCHOOL BY THE ILLINOIS STATE BOARD OF EDUCATION, EFFECTIVE JULY 1, 2010. THE FIRST INSTRUCTION YEAR COMMENCED IN SEPTEMBER 2009 WITH 120 STUDENTS IN THE 9TH GRADE. THE ACADEMY WILL SUPPORT GRADES 9 THROUGH 12, TO AN ANTICIPATED TOTAL CAPACITY OF 600 STUDENTS, IN FUTURE YEARS. THE ACADEMY IS LOCATED IN CHICAGO, ILLINOIS. THE ACADEMY WILL NOT CHARGE TUITION TO ANY STUDENT, UNLESS THE STUDENT WOULD OTHERWISE BE LIA |
| IRS990/AddressPrincipalOfficerUS/AddressLine1 | 0 | 8255 S HOUSTON AVE |
| IRS990/AddressPrincipalOfficerUS/City | 0 | CHICAGO |
| IRS990/AddressPrincipalOfficerUS/State | 0 | IL |
| IRS990/AddressPrincipalOfficerUS/ZIPCode | 0 | 60617 |
| IRS990/Advertising/Fundraising | 0 | 13290 |
| IRS990/Advertising/ManagementAndGeneral | 0 | 5695 |
| IRS990/Advertising/Total | 0 | 18985 |
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| IRS990/AllOtherExpenses/ManagementAndGeneral | 0 | 24804 |
| IRS990/AllOtherExpenses/ProgramServices | 0 | 124776 |
| IRS990/AllOtherExpenses/Total | 0 | 149580 |
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| IRS990/AuditCommittee | 0 | true |
| IRS990/BenefitsPaidToMembersCY | 0 | 0 |
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| IRS990/BsnssRltnshpWithOrganization | 0 | false |
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| IRS990/CashNonInterestBearing/EOY | 0 | 94454 |
| IRS990/ChangesToOrganizingDocs | 0 | false |
| IRS990/CollectionsOfArt | 0 | false |
| IRS990/CompensationFromOtherSources | 0 | false |
| IRS990/CompensationProcessCEO | 0 | true |
| IRS990/CompensationProcessOther | 0 | false |
| IRS990/ConflictOfInterestPolicy | 0 | true |
| IRS990/ConservationEasements | 0 | false |
| IRS990/ConsolidatedAuditFinancialStmt | 0 | false |
| IRS990/ContractorCompensation/AddressOfContractor/AddressUS/AddressLine1 | 0 | CUSTODIAL SERVICES MAINTENANCE |
| IRS990/ContractorCompensation/AddressOfContractor/AddressUS/AddressLine1 | 1 | 7575 PLAZA CT |
| IRS990/ContractorCompensation/AddressOfContractor/AddressUS/AddressLine2 | 0 | 8255 S HOUSTON AVE |
| IRS990/ContractorCompensation/AddressOfContractor/AddressUS/City | 0 | CHICAGO |
| IRS990/ContractorCompensation/AddressOfContractor/AddressUS/City | 1 | WILLOWBROOK |
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| IRS990/ContractorCompensation/AddressOfContractor/AddressUS/State | 1 | IL |
| IRS990/ContractorCompensation/AddressOfContractor/AddressUS/ZIPCode | 0 | 60617 |
| IRS990/ContractorCompensation/AddressOfContractor/AddressUS/ZIPCode | 1 | 60527 |
| IRS990/ContractorCompensation/Compensation | 0 | 412249 |
| IRS990/ContractorCompensation/Compensation | 1 | 255616 |
| IRS990/ContractorCompensation/DescriptionOfServices | 0 | CONSTRUCTION |
| IRS990/ContractorCompensation/NameOfContractor/NameBusiness/BusinessNameLine1 | 0 | CHICAGO PUBLIC SCHOOLS |
| IRS990/ContractorCompensation/NameOfContractor/NameBusiness/BusinessNameLine1 | 1 | G2 CONSTRUCTION |
| IRS990/ContributionsGrantsCurrentYear | 0 | 5320255 |
| IRS990/ContributionsGrantsPriorYear | 0 | 4044606 |
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| IRS990/DecisionsSubjectToApproval | 0 | false |
| IRS990/DeductibleContributionsOfArt | 0 | false |
| IRS990/DeductibleNonCashContributions | 0 | false |
| IRS990/DeferredRevenue/BOY | 0 | 75 |
| IRS990/DeferredRevenue/EOY | 0 | 16374 |
| IRS990/DelegationOfManagementDuties | 0 | false |
| IRS990/DepreciationDepletion/ManagementAndGeneral | 0 | 39889 |
| IRS990/DepreciationDepletion/ProgramServices | 0 | 218993 |
| IRS990/DepreciationDepletion/Total | 0 | 258882 |
| IRS990/DescribedIn501C3 | 0 | true |
| IRS990/Description | 0 | RIGOROUS COLLEGE CURRICULUM TO PREPARE STUDENTS FOR COLLEGE AND CAREER SUCCESS. IN CARRYING OUT ITS EXEMPT PURPOSE, THE ORGANIZATION INCURRED STAFFING FOR AN AFTER-SCHOOL ARTS PROGRAM, TRAINING AND SET UP FEES WHICH WERE PROVIDED FREE OF CHARGE. STUDENT ENROLLMENT HAD INCREASED TO 480 STUDENTS IN THE LAST FISCAL YEAR. |
| IRS990/DisregardedEntity | 0 | false |
| IRS990/DocumentRetentionPolicy | 0 | true |
| IRS990/DonorAdvisedFunds | 0 | false |
| IRS990/ElectionOfBoardMembers | 0 | true |
| IRS990/EmploymentTaxReturnsFiled | 0 | true |
| IRS990/ExcessBenefitTransaction | 0 | false |
| IRS990/Expense | 0 | 4261776 |
| IRS990/FamilyOrBusinessRelationship | 0 | false |
| IRS990/FederalGrantAuditRequired | 0 | false |
| IRS990/FeesForServicesAccounting/ManagementAndGeneral | 0 | 23600 |
| IRS990/FeesForServicesAccounting/Total | 0 | 23600 |
| IRS990/FeesForServicesLegal/ManagementAndGeneral | 0 | 2500 |
| IRS990/FeesForServicesLegal/Total | 0 | 2500 |
| IRS990/FollowSFAS117 | 0 | X |
| IRS990/ForeignActivities | 0 | false |
| IRS990/ForeignFinancialAccount | 0 | false |
| IRS990/ForeignOffice | 0 | false |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 0 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 1 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 2 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 3 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 4 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 5 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 6 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 7 | 2.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 8 | 2.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 9 | 3.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 10 | 2.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 11 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 12 | 1.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 13 | 2.00 |
| IRS990/Form990PartVIISectionA/AverageHoursPerWeek | 14 | 50.00 |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 0 | X |
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| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 2 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 3 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 4 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 5 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 6 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 7 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 8 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 9 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 10 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 11 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 12 | X |
| IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector | 13 | X |
| IRS990/Form990PartVIISectionA/NamePerson | 0 | NASUTSA MABWA |
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| IRS990/Form990PartVIISectionA/NamePerson | 2 | TOM NODINE |
| IRS990/Form990PartVIISectionA/NamePerson | 3 | MARIA KIM |
| IRS990/Form990PartVIISectionA/NamePerson | 4 | PAUL E BENNETT II |
| IRS990/Form990PartVIISectionA/NamePerson | 5 | KATHLEEN ST LOUIS |
| IRS990/Form990PartVIISectionA/NamePerson | 6 | GANNON SCHAEFER |
| IRS990/Form990PartVIISectionA/NamePerson | 7 | AARON O'DONELL |
| IRS990/Form990PartVIISectionA/NamePerson | 8 | CARRIE STEWART |
| IRS990/Form990PartVIISectionA/NamePerson | 9 | JOSHUA MILBERG |
| IRS990/Form990PartVIISectionA/NamePerson | 10 | EDWARD FETTERS |
| IRS990/Form990PartVIISectionA/NamePerson | 11 | KATHERYN HAYES |
| IRS990/Form990PartVIISectionA/NamePerson | 12 | LILLIAN BLEIMAN |
| IRS990/Form990PartVIISectionA/NamePerson | 13 | LUKE HANSEN |
| IRS990/Form990PartVIISectionA/NamePerson | 14 | MATTHEW KING |
| IRS990/Form990PartVIISectionA/Officer | 0 | X |
| IRS990/Form990PartVIISectionA/Officer | 1 | X |
| IRS990/Form990PartVIISectionA/Officer | 2 | X |
| IRS990/Form990PartVIISectionA/Officer | 3 | X |
| IRS990/Form990PartVIISectionA/Officer | 4 | X |
| IRS990/Form990PartVIISectionA/Officer | 5 | X |
| IRS990/Form990PartVIISectionA/Officer | 6 | X |
| IRS990/Form990PartVIISectionA/OtherCompensation | 0 | 0 |
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| IRS990/Form990PartVIISectionA/OtherCompensation | 2 | 0 |
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| IRS990/Form990PartVIISectionA/OtherCompensation | 14 | 11084 |
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| IRS990/Form990PartVIISectionA/ReportableCompFromOrganization | 14 | 107744 |
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| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 4 | 0 |
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| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 7 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 8 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 9 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 10 | 0 |
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| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 12 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 13 | 0 |
| IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs | 14 | 0 |
| IRS990/Form990PartVIISectionA/Title | 0 | BOARD MEMBER |
| IRS990/Form990PartVIISectionA/Title | 1 | BOARD MEMBER |
| IRS990/Form990PartVIISectionA/Title | 2 | BOARD MEMBER |
| IRS990/Form990PartVIISectionA/Title | 3 | BOARD MEMBER |
| IRS990/Form990PartVIISectionA/Title | 4 | BOARD MEMBER |
| IRS990/Form990PartVIISectionA/Title | 5 | VICE CHAIR |
| IRS990/Form990PartVIISectionA/Title | 6 | BOARD MEMBER |
| IRS990/Form990PartVIISectionA/Title | 7 | VICE CHAIR |
| IRS990/Form990PartVIISectionA/Title | 8 | FINANCE CHAI |
| IRS990/Form990PartVIISectionA/Title | 9 | BOARD CHAIR |
| IRS990/Form990PartVIISectionA/Title | 10 | SECRETARY |
| IRS990/Form990PartVIISectionA/Title | 11 | BOARD MEMBER |
| IRS990/Form990PartVIISectionA/Title | 12 | BOARD MEMBER |
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| IRS990/Form990PartVIISectionA/Title | 14 | EXECUTIVE DI |
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| IRS990/FormersListed | 0 | false |
| IRS990/FSAudited | 0 | true |
| IRS990/FSAuditedBasis/FinancialStatementSeparate | 0 | X |
| IRS990/FundraisingActivities | 0 | false |
| IRS990/Gaming | 0 | false |
| IRS990/GrantsAndSimilarAmntsCY | 0 | 0 |
| IRS990/GrantsToIndividuals | 0 | false |
| IRS990/GrantsToOrganizations | 0 | false |
| IRS990/GrantToRelatedPerson | 0 | false |
| IRS990/GrossReceipts | 0 | 5389305 |
| IRS990/GroupReturnForAffiliates | 0 | false |
| IRS990/Hospital | 0 | false |
| IRS990/IndependentAuditFinancialStmt | 0 | true |
| IRS990/IndoorTanningServices | 0 | false |
| IRS990/InfoInScheduleOPartIII | 0 | X |
| IRS990/InfoInScheduleOPartVI | 0 | X |
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| IRS990/InformationTechnology/ProgramServices | 0 | 15181 |
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| IRS990/Insurance/ManagementAndGeneral | 0 | 41875 |
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| IRS990/LandBuildingsEquipmentBasis | 0 | 1031440 |
| IRS990/LandBuildingsEquipmentBasisNet/BOY | 0 | 452274 |
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| IRS990/LocalChapters | 0 | false |
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| IRS990/MembersOrStockholders | 0 | false |
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| IRS990/MissionDescription | 0 | EPIC ACADEMY (THE "ACADEMY") WAS FORMED TO PROVIDE EDUCATIONAL SERVICES TO HIGH SCHOOL STUDENTS WITH A RIGOROUS COLLEGE PREPARATORY CURRICULUM BASED ON THE EXPEDITIONARY LEARNING SCHOOL MODEL. THE ACADEMY IS SUPPORTED PRIMARILY THROUGH PER CAPITA TUITION PAYMENTS UNDER A PERFORMANCE AGREEMENT (THE "AGREEMENT") WITH CHICAGO PUBLIC SCHOOLS ("CPS") AND THE CHICAGO BOARD OF EDUCATION (THE "BOARD"). ADDITIONAL SUPPORT IS PROVIDED BY GRANTS FROM STATE AND FEDERAL AGENCIES, VARIOUS COMMUNITY AND CORPORATE FOUNDATIONS, AND THE GENERAL PUBLIC. THE ACADEMY HAS BEEN CERTIFIED AS A CHARTER SCHOOL BY THE ILLINOIS STATE BOARD OF EDUCATION, EFFECTIVE JULY 1, 2010. THE FIRST INSTRUCTION YEAR COMMENCED IN SEPTEMBER 2009 WITH 120 STUDENTS IN THE 9TH GRADE. THE ACADEMY WILL SUPPORT GRADES 9 THROUGH 12, TO AN ANTICIPATED TOTAL CAPACITY OF 600 STUDENTS, IN FUTURE YEARS. THE ACADEMY IS LOCATED IN CHICAGO, ILLINOIS. THE ACADEMY WILL NOT CHARGE TUITION TO ANY STUDENT, UNLESS THE STUDENT WOULD OTHERWISE BE LIA |
| IRS990/MoreThan5000KToIndividuals | 0 | false |
| IRS990/MoreThan5000KToOrganizations | 0 | false |
| IRS990/MortNotesPyblSecuredInvestProp/EOY | 0 | 214468 |
| IRS990/NameOfPrincipalOfficerPerson | 0 | JOSHUA MILBERG |
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| IRS990/NonDeductibleContributions | 0 | false |
| IRS990/NumberFormsTransmittedWith1096 | 0 | 6 |
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| IRS990/NumberIndividualsGT100K | 0 | 1 |
| IRS990/NumberOfContractorsGT100K | 0 | 2 |
| IRS990/NumberOfEmployees | 0 | 60 |
| IRS990/NumberW2GIncluded | 0 | 0 |
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| IRS990/Occupancy/Total | 0 | 449325 |
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| IRS990/Organization501c3 | 0 | X |
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| IRS990/OtherAssetsTotal/EOY | 0 | 16434 |
| IRS990/OtherEmployeeBenefits/ManagementAndGeneral | 0 | 60628 |
| IRS990/OtherEmployeeBenefits/Total | 0 | 60628 |
| IRS990/OtherExpensePriorYear | 0 | 1104007 |
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| IRS990/OtherExpenses/Description | 0 | EDUCATIONAL MATERIAL |
| IRS990/OtherExpenses/Description | 1 | PROFESSIONAL DEVELOPMENT |
| IRS990/OtherExpenses/Description | 2 | OTHER DIRECT STUDENT COST |
| IRS990/OtherExpenses/Description | 3 | MISCELLANEOUS EXPENSES |
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| IRS990/OtherExpenses/Total | 2 | 53276 |
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| IRS990/OtherLiabilities/EOY | 0 | 643201 |
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| IRS990/OtherRevenueMisc/Description | 0 | OTHER INCOME |
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| IRS990/OtherSalariesAndWages/ManagementAndGeneral | 0 | 250556 |
| IRS990/OtherSalariesAndWages/ProgramServices | 0 | 3188856 |
| IRS990/OtherSalariesAndWages/Total | 0 | 3515734 |
| IRS990/PartialLiquidation | 0 | false |
| IRS990/PayrollTaxes/ManagementAndGeneral | 0 | 49117 |
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| IRS990/PledgesAndGrantsReceivable/BOY | 0 | 41400 |
| IRS990/PledgesAndGrantsReceivable/EOY | 0 | 507398 |
| IRS990/PoliticalActivities | 0 | false |
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| IRS990/PriorExcessBenefitTransaction | 0 | false |
| IRS990/ProfessionalFundraising | 0 | false |
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| IRS990/ProgramServiceRevenue/Description | 0 | STUDENT FEES |
| IRS990/ProgramServiceRevenuePriorYear | 0 | 37767 |
| IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome | 0 | 46773 |
| IRS990/ProgramServiceRevenue/TotalRevenueColumn | 0 | 46773 |
| IRS990/ProhibitedTaxShelterTrans | 0 | false |
| IRS990/ReconcilationPriorAdjustment | 0 | 211172 |
| IRS990/ReconcilationRevenueExpenses | 0 | 426364 |
| IRS990/RegularMonitoringEnforcement | 0 | true |
| IRS990/RelatedEntity | 0 | false |
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| IRS990/ReportOtherLiabilities | 0 | true |
| IRS990/ReportProgRelInvest | 0 | false |
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| IRS990/RevenuesLessExpensesCY | 0 | 426364 |
| IRS990/RevenuesLessExpensesPriorYear | 0 | 330083 |
| IRS990/SalariesEtcCurrentYear | 0 | 3625479 |
| IRS990/SalariesEtcPriorYear | 0 | 2657463 |
| IRS990/SavingsAndTempCashInvestments/EOY | 0 | 1732195 |
| IRS990ScheduleA/School170b1Aii | 0 | X |
| IRS990ScheduleB/ContributorInfo/AggregateContributions | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine2 | 0 | RESTRICTED |
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| IRS990ScheduleB/ContributorInfo/ContributorAddressUS/State | 0 | RESTRICTED |
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| IRS990/ScheduleBRequired | 0 | true |
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| IRS990ScheduleD/DonatedSrvcAndUseOfFacilities | 0 | 30000 |
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| IRS990ScheduleD/Equipment/Depreciation | 0 | 335647 |
| IRS990ScheduleD/Equipment/OtherCostOrOtherBasis | 0 | 708519 |
| IRS990ScheduleD/ExpensesNotRptdF990 | 0 | 30000 |
| IRS990ScheduleD/ExpensesSubtotal | 0 | 4962941 |
| IRS990ScheduleD/FootnoteInPartXIII | 0 | X |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation | 0 | TAX EXEMPT STATUS: THE ACADEMY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). HOWEVER, ANY INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ACADEMY'S TAX EXEMPT PURPOSE WOULD BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE ACADEMY FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION AND ILLINOIS STATE JURISDICTION. THE ACADEMY IS NO LONGER SUBJECT TO U.S FEDERAL AND STATE EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2009. |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier | 0 | LIABILITY UNDER FIN 48 FOOTNOTE |
| IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference | 0 | SCHEDULE D, PAGE 3, PART X |
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| IRS990ScheduleD/OtherLiabilities/Amount | 0 | 643201 |
| IRS990ScheduleD/OtherLiabilities/Description | 0 | ACCRUED PAYROLL |
| IRS990ScheduleD/RevenueNotRptdF990 | 0 | 30000 |
| IRS990ScheduleD/RevenueSubtotal | 0 | 5389305 |
| IRS990ScheduleD/TotalExpensesPerForm990 | 0 | 4962941 |
| IRS990ScheduleD/TotalOfAmounts | 0 | 643201 |
| IRS990ScheduleD/TotalOfBookValueLandBuildings | 0 | 582159 |
| IRS990ScheduleD/TotalRevenuePerForm990 | 0 | 5389305 |
| IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt | 0 | 4992941 |
| IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt | 0 | 5419305 |
| IRS990ScheduleE/ComplianceWithRevProc7550 | 0 | true |
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| IRS990ScheduleE/DiscriminateRaceAthleticProg | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEducPolicies | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEmplmnFaculty | 0 | false |
| IRS990ScheduleE/DiscriminateRaceOtherActy | 0 | false |
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| IRS990ScheduleE/DiscriminateRaceStudentsRights | 0 | false |
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| IRS990ScheduleE/MaintCopiesOfBrochuresEtc | 0 | true |
| IRS990ScheduleE/MaintRacialCompositionRecords | 0 | true |
| IRS990ScheduleE/MaintScholarshipsRecords | 0 | true |
| IRS990ScheduleE/NondiscriminatoryPolicyStmt | 0 | true |
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| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | EPIC ACADEMY (THE "ACADEMY") WAS FORMED TO PROVIDE EDUCATIONAL SERVICES TO HIGH SCHOOL STUDENTS WITH A RIGOROUS COLLEGE PREPARATORY CURRICULUM BASED ON THE EXPEDITIONARY LEARNING SCHOOL MODEL. THE ACADEMY IS SUPPORTED PRIMARILY THROUGH PER CAPITA TUITION PAYMENTS UNDER A PERFORMANCE AGREEMENT (THE "AGREEMENT") WITH CHICAGO PUBLIC SCHOOLS ("CPS") AND THE CHICAGO BOARD OF EDUCATION (THE "BOARD"). ADDITIONAL SUPPORT IS PROVIDED BY GRANTS FROM STATE AND FEDERAL AGENCIES, VARIOUS COMMUNITY AND CORPORATE FOUNDATIONS, AND THE GENERAL PUBLIC. THE ACADEMY HAS BEEN CERTIFIED AS A CHARTER SCHOOL BY THE ILLINOIS STATE BOARD OF EDUCATION, EFFECTIVE JULY 1, 2010. THE FIRST INSTRUCTION YEAR COMMENCED IN SEPTEMBER 2009 WITH 120 STUDENTS IN THE 9TH GRADE. THE ACADEMY WILL SUPPORT GRADES 9 THROUGH 12, TO AN ANTICIPATED TOTAL CAPACITY OF 600 STUDENTS, IN FUTURE YEARS. THE ACADEMY IS LOCATED IN CHICAGO, ILLINOIS. THE ACADEMY WILL NOT CHARGE TUITION TO ANY STUDENT, UNLESS THE STUDENT WOULD OTHERWISE BE LIABLE UNDER THE SCHOOL CODE, AS DEFINED WITHIN THE AGREEMENT WITH THE BOARD. THE ACADEMY MAY CHARGE REASONABLE FEES AS PERMITTED FOR TEXTBOOKS, INSTRUCTIONAL MATERIAL, SUMMER SCHOOL PROGRAMS, AFTER SCHOOL PROGRAMS AND OTHER STUDENT ACTIVITIES. THE PER CAPITA TUITION PAYMENT FOR EACH STUDENT FROM THE BOARD IS TO BE CALCULATED ON THE BASIS OF THE BUDGET ADOPTED BY THE BOARD EACH FISCAL YEAR AND PAID TO THE ACADEMY ON A QUARTERLY BASIS. THESE PAYMENTS ARE REDUCED BY A FACILITY CHARGE TO THE ACADEMY FOR USE OF THE CPS FACILITY. THE ACADEMY MAY BE ELIGIBLE FOR ADDITIONAL FUNDING FOR PROGRAMS SUCH AS SPECIAL EDUCATION REIMBURSEMENTS AND SUPPLEMENTAL PROGRAMS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | FORM 990, PART IV, LINE 13 - SCHEDULE E IS ONLY REQUIRED TO BE FILED BY PRIVATE SCHOOLS. EPIC ACADEMY IS CERTIFIED IN THE STATE OF ILLINOIS AS A CHARTER SCHOOL AND IS CONSIDERED TO BE PUBLIC. FOR THOSE REASONS FORM 990, PART IV, LINE 13 IS ANSWERED "YES" BUT SCHEDULE E IS NOT ATTACHED. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | TRUSTEES COMPRISE THE BOARD AND EACH ARE ELIGIBLE TO ONE VOTE |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND BOARD OF DIRECTORS PRESIDENT |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | THE POLICY IS MONITORED AND ENFORCED BY THE EXECUTIVE DIRECTOR AND CHIEF OPERATING OFFICER. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 5 | COMPENSATION IS DETERMINED BY INDEPENDENT PERSONS |
| IRS990ScheduleO/GeneralExplanation/Explanation | 6 | UPON REQUEST |
| IRS990ScheduleO/GeneralExplanation/Identifier | 0 | ORGANIZATION'S MISSION |
| IRS990ScheduleO/GeneralExplanation/Identifier | 1 | ADDITIONAL INFORMATION |
| IRS990ScheduleO/GeneralExplanation/Identifier | 2 | ELECTION OF MEMBERS AND THEIR RIGHTS |
| IRS990ScheduleO/GeneralExplanation/Identifier | 3 | ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 |
| IRS990ScheduleO/GeneralExplanation/Identifier | 4 | ENFORCEMENT OF CONFLICTS POLICY |
| IRS990ScheduleO/GeneralExplanation/Identifier | 5 | COMPENSATION PROCESS FOR TOP OFFICIAL |
| IRS990ScheduleO/GeneralExplanation/Identifier | 6 | GOVERNING DOCUMENTS DISCLOSURE EXPLANATION |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 1 | FORM 990 |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 2 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 3 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 4 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 5 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/GeneralExplanation/ReturnReference | 6 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990/ScheduleORequired | 0 | true |
| IRS990/School | 0 | true |
| IRS990/SignificantChange | 0 | false |
| IRS990/SignificantNewProgramServices | 0 | false |
| IRS990/StateLegalDomicile | 0 | IL |
| IRS990/StatesWhereCopyOfReturnIsFiled | 0 | IL |
| IRS990/SubjectToProxyTax | 0 | false |
| IRS990/TaxablePartyNotification | 0 | false |
| IRS990/TaxExemptBonds | 0 | false |
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Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $2,960,077
- Liabilities
- $923,601
- Net assets
- $2,036,476
- Revenue
- -
- Expenses
- $4,962,941
- Net income
- -