Liabilities / Assets
58th percentile
Higher debt load relative to assets than 58% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.24x
Liabilities / Revenue
42nd percentile
Higher debt load relative to revenue than 42% of similar nonprofits.
Net Margin
55th percentile
Higher net margin than 55% of similar nonprofits.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
63rd percentile
Faster asset growth than 63% of similar nonprofits.
Revenue Growth
63rd percentile
Faster revenue growth than 63% of similar nonprofits.
Balance Sheet
Assets
Up$3,065,389
Up $233,078 (+8.2%) from 2016
Net Assets
Up$2,332,457
Up $262,515 (+13%) from 2016
Liabilities
Down$732,932
Down $29,437 (-3.9%) from 2016
Revenue And Expenses
Revenue
Up$5,922,889
Up $562,046 (+10%) from 2016
Expenses
Up$5,660,374
Up $378,338 (+7.2%) from 2016
Net Income
Up$262,515
Up $183,708 (+233%) from 2016
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2016 to Jun 30, 2017
- Signed
- Nov 15, 2017
- Return Version
- 2016v3.0
- Gross Receipts
- $5,951,305
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
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $2,117,390 | $2,205,113 | ▲ $87,723 |
| Pledges and Grants Receivable | $339,111 | $490,903 | ▲ $151,792 |
| Cash and Non-Interest-Bearing Accounts | $153,413 | $227,665 | ▲ $74,252 |
| Land, Buildings, and Equipment, Net | $220,996 | $137,056 | ▼ $83,940 |
| Prepaid Expenses and Deferred Charges | $1,401 | $4,652 | ▲ $3,251 |
| Total Assets | $2,832,311 | $3,065,389 | ▲ $233,078 |
| Liabilities | |||
| Other Liabilities | $631,501 | $521,448 | ▼ $110,053 |
| Accounts Payable and Accrued Expenses | $130,868 | $203,879 | ▲ $73,011 |
| Deferred Revenue | - | $7,605 | - |
| Total Liabilities | $762,369 | $732,932 | ▼ $29,437 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $2,059,651 | $2,271,349 | ▲ $211,698 |
| Temporarily Rstr Net Assets | $10,291 | $61,108 | ▲ $50,817 |
| Total Net Assets Fund Balance | $2,069,942 | $2,332,457 | ▲ $262,515 |
| Total Liabilities and Net Assets / Fund Balance | $2,832,311 | $3,065,389 | ▲ $233,078 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $137,056 | $838,237 | $975,293 |
| Leasehold Improvements | - | $347,888 | $347,888 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Matthew King | Executive Di | FT | $208,048 | $208,048 |
| Matthew King | Executive Director | - | $208,048 | $208,048 |
Board Members and Trustees
| Name | Title |
|---|---|
| Joshua Milberg | President |
| Andrew Annacone | Board Member |
| Carrie Stewart | Board Member |
| Chris Martin | Board Member |
| Leigha Haynes | Board Member |
| Maria Kim | Board Member |
| Michael Johns | Board Member |
| Edward Fetters | Secretary |
| AARON O'DONNELL | Vice Preside |
| Mark Haggerty | Vice Preside |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $5,862,823
- Program Service Revenue
- $44,587
- Investment Income
- $6,580
- Other Revenue
- $8,899
- All Other Contributions
- $5,810,085
- Change in Net Assets
- $262,515
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $5,922,889
- Revenue Not Reported on Form 990
- $771,504
- Total Revenue per Audited Statements
- $6,694,393
- Total Revenue per Form 990
- $5,922,889
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $4,446,546 |
| Other Expenses | $1,166,538 |
| Total Fundraising Expense | $77,175 |
| Grants and Similar Amounts Paid | $47,290 |
| Professional Fundraising Fees | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $3,088,529 | $452,332 | $58,925 | $3,599,786 |
| Other Employee Benefits | $406,316 | $124,172 | $4,755 | $535,243 |
| Occupancy | $196,349 | $60,167 | - | $256,516 |
| Pension Plan Contributions | $179,492 | $22,702 | $257 | $202,451 |
| All Other Expenses | $18,116 | $107,546 | - | $125,662 |
| Fees for Services Other | $10,035 | $111,782 | $3,000 | $124,817 |
| Payroll Taxes | $72,764 | $31,747 | $4,555 | $109,066 |
| Depreciation Depletion | $82,094 | $14,468 | - | $96,562 |
| Information Technology | $25,298 | $45,566 | - | $70,864 |
| Office Expenses | $29,531 | $25,090 | $42 | $54,663 |
| Other Expenses | $52,392 | - | - | $52,392 |
| Grants to Domestic Individuals | $47,290 | - | - | $47,290 |
| Fees for Services Accounting | - | $39,050 | - | $39,050 |
| Insurance | - | $33,577 | - | $33,577 |
| Advertising | - | $17,801 | $5,418 | $23,219 |
| Travel | - | $2,087 | $223 | $2,310 |
| Total Functional Expenses | $4,495,112 | $1,088,087 | $77,175 | $5,660,374 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $6,431,878 |
| Expenses per Audited Statements | $5,660,374 |
| Total Expenses per Form 990 | $5,660,374 |
| Expenses Not Reported on Form 990 | $771,504 |
Fundraising, Events, and Gaming
- Fundraising activities
- Yes
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $31,500 |
| Fundraising Direct Expenses | $28,416 |
| Professional Fundraising Fees | $0 |
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Dare to Imagine | $84,238 | $31,500 | $28,416 | $3,084 |
| Total Events | $84,238 | $31,500 | $28,416 | $3,084 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Accrued Payroll | $521,448 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- 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
- No
- 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, Page 6, Part VI, Line 7A
“Trustees comprise the board and each are eligible to one vote”
Form 990, Page 6, Part VI, Line 11B
“The 990 is reviewed by the executive director and board of directors president”
Form 990, Page 6, Part VI, Line 12C
“The policy is monitored and enforced by the board of directors, the executive director and the chief operating officer.”
Form 990, Page 6, Part VI, Line 15A
“Compensation is determined by independent persons and approved by the board of directors.”
Form 990, Page 6, Part VI, Line 19
“UPON REQUEST”
Filing and Contact Details
Filer
- Filer Name
- Epic Academy
- EIN
- 20-8674711
- Phone
- 7735357930
- Address
- 8255 S HOUSTON AVE, CHICAGO, IL 60617
Signing Officer
- Name
- Joshua Milberg
- Title
- President
- Phone
- 7735357930
- Signed
- 2017-11-15
Organization Details
- Principal Officer
- Joshua Milberg
- Formed
- 2007
- Legal Domicile
- Il
- Voting Board Members
- 10
- Independent Board Members
- 10
- Employees
- 84
- Volunteers
- 12
Preparer
- Firm
- Kutchins Robbins & Diamond Ltd
- Address
- 1101 PERIMETER DR STE 760, SCHAUMBURG, IL 60173
- Preparer
- Allen I Kutchins
- Phone
- 8472401040
Supplemental Narrative
Additional Explanations
FORM 990 - ORGANIZATION'S 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 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 charges assessed to the academy for services provided by cps connected to the use of the cps facility. The academy may be eligible for additional funding for programs such as special education reimbursements and supplemental programs.”
Form 990
“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.”
Form 990, Part XI, Line 9
“Allocation of expense to fundraising event 28,416 allocation of expense to fundraising event -28,416”
Financial Statement Notes
Schedule D, Page 4, Part XI, Line 2D
“Allocation of expense to fundraising event 28,416”
Schedule D, Page 4, Part XII, Line 2D
“Allocation of expense to fundraising event 28,416”
Raw XML AppendixShowing 400 of 488 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/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 130868 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 203879 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | 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 |
| IRS990/AdvertisingGrp/FundraisingAmt | 0 | 5418 |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 17801 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 23219 |
| IRS990/AllOtherContributionsAmt | 0 | 5810085 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 107546 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 18116 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 125662 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | CHRISTIAN FEAMAN |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 7735357930 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 8255 S HOUSTON AVE |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | CHICAGO |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IL |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 60617 |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 153413 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 227665 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/ContriRptFundraisingEventAmt | 0 | 52738 |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 5862823 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 47290 |
| IRS990/CYInvestmentIncomeAmt | 0 | 6580 |
| IRS990/CYOtherExpensesAmt | 0 | 1166538 |
| IRS990/CYOtherRevenueAmt | 0 | 8899 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 44587 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 262515 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 4446546 |
| IRS990/CYTotalExpensesAmt | 0 | 5660374 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 77175 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 5922889 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 7605 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 14468 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 82094 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 96562 |
| IRS990/Desc | 0 | RIGOROUS COLLEGE CURRICULUM TO PREPARE STUDENTS FOR COLLEGE AND CAREER SUCCESS. STUDENT ENROLLMENT IS APPROXIMATELY 420 STUDENTS. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
| IRS990/EmployeeCnt | 0 | 84 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 4495112 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 39050 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 39050 |
| IRS990/FeesForServicesOtherGrp/FundraisingAmt | 0 | 3000 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 111782 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 10035 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 124817 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 55.00 |
| IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | AARON O'DONNELL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | EDWARD FETTERS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | MARIA KIM |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | JOSHUA MILBERG |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | CARRIE STEWART |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | MARK HAGGERTY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | ANDREW ANNACONE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | MICHAEL JOHNS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | LEIGHA HAYNES |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | CHRIS MARTIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | MATTHEW KING |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 208048 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | VICE PRESIDE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | VICE PRESIDE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | EXECUTIVE DI |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | false |
| IRS990/FormationYr | 0 | 2007 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | true |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | true |
| IRS990/FundraisingAmt | 0 | 52738 |
| IRS990/FundraisingDirectExpensesAmt | 0 | 28416 |
| IRS990/FundraisingGrossIncomeAmt | 0 | 31500 |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 10 |
| IRS990/GrantAmt | 0 | 47290 |
| IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt | 0 | 47290 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 47290 |
| IRS990/GrantsToIndividualsInd | 0 | true |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 5951305 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 10 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt | 0 | 45566 |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 25298 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 70864 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 33577 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 33577 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 6580 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 6580 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 16 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 1186125 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 220996 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 137056 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 1323181 |
| IRS990/LegalDomicileStateCd | 0 | IL |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | 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 |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 2069942 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 2332457 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | 3084 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 60167 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 196349 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 256516 |
| IRS990/OfficeExpensesGrp/FundraisingAmt | 0 | 42 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 25090 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 29531 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 54663 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt | 0 | 4755 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 124172 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 406316 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 535243 |
| IRS990/OtherExpensesGrp/Desc | 0 | CPS ADMINISTRATION FEES |
| IRS990/OtherExpensesGrp/Desc | 1 | CO-CURRICULARS |
| IRS990/OtherExpensesGrp/Desc | 2 | STUDENT ASSIST/SERVICES |
| IRS990/OtherExpensesGrp/Desc | 3 | CURRICULUM AREA SUPPLIES |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 123171 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 98057 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 65678 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 52392 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 123171 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 98057 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 65678 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 52392 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 631501 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 521448 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | OTHER INCOME |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 5815 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 5815 |
| IRS990/OtherRevenueTotalAmt | 0 | 5815 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 58925 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 452332 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 3088529 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 3599786 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 4555 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 31747 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 72764 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 109066 |
| IRS990/PensionPlanContributionsGrp/FundraisingAmt | 0 | 257 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 22702 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 179492 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 202451 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 339111 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 490903 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 1401 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 4652 |
| IRS990/PrincipalOfficerNm | 0 | JOSHUA MILBERG |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 611600 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | STUDENT FEES |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 44587 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 44587 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 5284683 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 6508 |
| IRS990/PYOtherExpensesAmt | 0 | 1167575 |
| IRS990/PYOtherRevenueAmt | 0 | 16969 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 52683 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 78807 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 4114461 |
| IRS990/PYTotalExpensesAmt | 0 | 5282036 |
| IRS990/PYTotalRevenueAmt | 0 | 5360843 |
| IRS990/QuidProQuoContributionsInd | 0 | true |
| IRS990/QuidProQuoContriDisclInd | 0 | true |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 262515 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 44587 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 2117390 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 2205113 |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | true |
| IRS990ScheduleD/DonatedServicesAndUseFcltsAmt | 0 | 743088 |
| IRS990ScheduleD/DonatedServicesUseFcltsAmt | 0 | 743088 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 137056 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 838237 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 975293 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 771504 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 5660374 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 347888 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 347888 |
| IRS990ScheduleD/OtherExpensesIncludedAmt | 0 | 28416 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 521448 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | ACCRUED PAYROLL |
| IRS990ScheduleD/OtherRevenueAmt | 0 | 28416 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 771504 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 5922889 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | ALLOCATION OF EXPENSE TO FUNDRAISING EVENT 28,416 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | ALLOCATION OF EXPENSE TO FUNDRAISING EVENT 28,416 |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 4, PART XI, LINE 2D |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | SCHEDULE D, PAGE 4, PART XII, LINE 2D |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 137056 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 5660374 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 521448 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 5922889 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 6694393 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 6431878 |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | true |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | false |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | true |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | true |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | true |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | true |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | true |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | true |
| IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt | 0 | 52738 |
| IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt | 0 | 52738 |
| IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt | 0 | 28416 |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm | 0 | DARE TO IMAGINE |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt | 0 | 84238 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt | 0 | 84238 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt | 0 | 31500 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt | 0 | 31500 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt | 0 | 3084 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt | 0 | 28416 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt | 0 | 28416 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | true |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt | 0 | 47290 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 0 | SCHOLARHIPS |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt | 0 | 28 |
| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | THE PRINCIPAL ANALYZES WHICH STUDENTS NEED SCHOLARSHIPS. SCHOLARSHIPS ARE AWARDED BASED ON THE FOLLOWING CRITERIA: THE SCHOLARSHIP WILL HELP THE STUDENT GET INTO A BETTER PROGRAM. THE SCHOLARSHIP HELPS TO CLOSE THE FUNDING GAP FOR THE STUDENT. THE SCHOLARSHIP MAKES GOING TO COLLEGE POSSIBLE IN CASES WHERE IT WOULD BE OUT OF THE QUESTION OTHERWISE. THE SCHOLARSHIP MAKES THE DIFFERENCE BETWEEN LIVING ON OR OFF CAMPUS (RESEARCH SHOWS THAT LIVING ON CAMPUS GREATLY IMPROVES GRADUATION RATES.) |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE I, PAGE 4, PART IV |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | false |
| IRS990ScheduleJ/BoardOrCommitteeApprovalInd | 0 | X |
| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | false |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | false |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | false |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | false |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | false |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | false |
| IRS990/ScheduleJRequiredInd | 0 | true |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 208048 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | MATTHEW KING |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | EXECUTIVE DIRECTOR |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 208048 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | false |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | false |
| IRS990ScheduleJ/WrittenEmploymentContractInd | 0 | X |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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 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 CHARGES ASSESSED TO THE ACADEMY FOR SERVICES PROVIDED BY CPS CONNECTED TO THE USE OF THE CPS FACILITY. THE ACADEMY MAY BE ELIGIBLE FOR ADDITIONAL FUNDING FOR PROGRAMS SUCH AS SPECIAL EDUCATION REIMBURSEMENTS AND SUPPLEMENTAL PROGRAMS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 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/SupplementalInformationDetail/ExplanationTxt | 2 | TRUSTEES COMPRISE THE BOARD AND EACH ARE ELIGIBLE TO ONE VOTE |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND BOARD OF DIRECTORS PRESIDENT |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE POLICY IS MONITORED AND ENFORCED BY THE BOARD OF DIRECTORS, THE EXECUTIVE DIRECTOR AND THE CHIEF OPERATING OFFICER. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | COMPENSATION IS DETERMINED BY INDEPENDENT PERSONS AND APPROVED BY THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | UPON REQUEST |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | ALLOCATION OF EXPENSE TO FUNDRAISING EVENT 28,416 ALLOCATION OF EXPENSE TO FUNDRAISING EVENT -28,416 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 11B |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2017 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $3,065,389
- Liabilities
- $732,932
- Net assets
- $2,332,457
- Revenue
- $5,922,889
- Expenses
- $5,660,374
- Net income
- $262,515