Civic Intelligence

Altus Academy

990 • Fiscal year 2016 • EIN 27-4259966

Jul 01, 2015 to Jun 30, 2016 • Filed on May 11, 2017

Organization ProfileALTUSACADEMY.ORG
751 S SacramentoChicago, IL 60612

(312) 374-3148

Siviq Scores

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

Liabilities / Assets

46th percentile

0.03x

Higher debt load relative to assets than 46% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

38th percentile

0.01x

Higher debt load relative to revenue than 38% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

79th percentile

21%

Higher net margin than 79% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

81st percentile

$80,007

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 13.8% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

93rd percentile

79%

Faster asset growth than 93% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

92nd percentile

81%

Faster revenue growth than 92% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets46th percentile

Assets

Up

$276,871

Up $121,982 (+79%) from 2015

Net Assets

Up

$269,193

Up $128,796 (+92%) from 2015

Liabilities

Down

$7,678

Down $6,814 (-47%) from 2015

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin79th percentile

Revenue

Up

$578,929

Up $258,739 (+81%) from 2015

Expenses

Up

$456,031

Up $19,593 (+4.5%) from 2015

Net Income

Up

$122,898

Up $239,146 (+206%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

$1.5M$1.0M$500K$0Assets 2013: $297,047Liabilities 2013: $3,601Net Assets 2013: $293,4462013Assets 2014: $266,810Liabilities 2014: $7,029Net Assets 2014: $259,7812014Assets 2015: $154,889Liabilities 2015: $14,492Net Assets 2015: $140,3972015Assets 2016: $276,871Liabilities 2016: $7,678Net Assets 2016: $269,1932016Assets 2018: $248,093Liabilities 2018: $34,245Net Assets 2018: $213,8482018Assets 2019: $422,181Liabilities 2019: $19,565Net Assets 2019: $402,6162019Assets 2020: $221,945Liabilities 2020: $118,267Net Assets 2020: $103,6782020Assets 2021: $345,039Liabilities 2021: $196,953Net Assets 2021: $148,0862021Assets 2022: $858,191Liabilities 2022: $136,190Net Assets 2022: $722,0012022Assets 2023: $1,095,359Liabilities 2023: $74,288Net Assets 2023: $1,021,0712023Assets 2024: $797,638Liabilities 2024: $80,486Net Assets 2024: $717,1522024

Highlighted filing

2016

Assets$276,871
Liabilities$7,678
Net Assets$269,193
Open 2016 Filing

Operations Trend

Revenue Growth92nd percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2013: $114,2282013Revenue 2014: $246,372Expenses 2014: $280,037Net Income 2014: -$33,6652014Revenue 2015: $320,190Expenses 2015: $436,438Net Income 2015: -$116,2482015Revenue 2016: $578,929Expenses 2016: $456,031Net Income 2016: $122,8982016Revenue 2018: $546,577Expenses 2018: $554,420Net Income 2018: -$7,8432018Revenue 2019: $735,497Expenses 2019: $546,729Net Income 2019: $188,7682019Revenue 2020: $254,527Expenses 2020: $553,465Net Income 2020: -$298,9382020Revenue 2021: $646,255Expenses 2021: $601,847Net Income 2021: $44,4082021Revenue 2022: $1,192,202Expenses 2022: $618,287Net Income 2022: $573,9152022Revenue 2023: $1,021,564Expenses 2023: $722,494Net Income 2023: $299,0702023Revenue 2024: $527,716Expenses 2024: $831,635Net Income 2024: -$303,9192024

Highlighted filing

2016

Revenue$578,929
Expenses$456,031
Net Income$122,898
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 11, 2017
Return Version
2015v3.0
Gross Receipts
$584,649
Mission and Program Overview

Mission

Altus academy is a private, independent, not-for-profit, college prepatory middle school.the mission of altus academy is to create a culture of character based on human virtue and academic excellence that transforms the student, the family and the community.

Altus academy is a private, independent, not-for-profit, college prepratory middle school. The mission of altus academy is to create a culture of character based on human virute and academic excellence that transforms the student, the family and the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$98,809$213,026▲ $114,217
Land, Buildings, and Equipment, Net$33,241$30,891▼ $2,350
Pledges and Grants Receivable$19,276$21,379▲ $2,103
Prepaid Expenses and Deferred Charges$1,439$11,575▲ $10,136
Total Assets$154,889$276,871▲ $121,982
Other Assets Total$2,124$0▼ $2,124
Liabilities
Accounts Payable and Accrued Expenses$14,492$7,678▼ $6,814
Total Liabilities$14,492$7,678▼ $6,814
Net Assets / Fund Balance
Unrestricted Net Assets$120,397$264,193▲ $143,796
Temporarily Rstr Net Assets$20,000$5,000▼ $15,000
Total Net Assets Fund Balance$140,397$269,193▲ $128,796
Total Liabilities and Net Assets / Fund Balance$154,889$276,871▲ $121,982

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$20,208$12,121$32,329
Other Land Buildings$10,683$7,193$17,876
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Felipe MejiaCo-founder & DirectorFT$80,007$80,007
John P HeybachPresident & FounderFT$50,625$50,625

Board Members and Trustees

NameTitle
Sean HaleyChairman of the Board
Caroline Riley-jaramilloDirector
Diana ArellanoDirector
Hank UnderwoodDirector
Heron E RodriguezDirector
Jacquelin HarrisDirector
Lisa FreemanDirector
Michelene BajakianDirector
Thomas J DeeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$571,647
Program Service Revenue
$11,077
Investment Income
$0
Other Revenue
$-3,795
All Other Contributions
$532,697
Change in Net Assets
$122,898

Audited Revenue Reconciliation

Revenue per Audited Statements
$578,929
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$578,929
Total Revenue per Form 990
$578,929
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$350,201
Other Expenses$105,830
Total Fundraising Expense$64,395
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$148,718$548$31,625$180,891
Current Officers, Directors, Trustees, and Key Employees$79,478$30,119$15,375$124,972
Occupancy$21,404$2,674$2,674$26,752
Payroll Taxes$16,471$2,764$4,236$23,471
Other Employee Benefits$15,569$2,092$3,206$20,867
Information Technology$10,912$1,364$1,464$13,740
Depreciation Depletion$7,323$654$730$8,707
Office Expenses$3,578$901$2,468$6,947
Fees for Services Other$3,976-$2,000$5,976
Fees for Services Accounting-$5,275-$5,275
Insurance$1,344$2,002$277$3,623
Other Expenses$231$258$207$696
Conferences and Meetings$154$405$123$682
Fees for Services Legal-$128-$128
Travel$12-$10$22
Total Functional Expenses$342,452$49,184$64,395$456,031

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$456,031
Total Expenses per Audited Statements$456,031
Total Expenses per Form 990$456,031
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$5,720
Fundraising Gross Income$1,925
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Benefit Dinner$35,625$1,925$5,720$-3,795
Total Events$35,625$1,925$5,720$-3,795
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
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, Part VI, Section A, Line 2

“Michelene bajakian, jd, member of the board of directors, is the daughter of john heybach, president and member of the board of directors. John heybach is also an employee of the organzation. Sean haley, chairman of the board of directors is first cousin to the spouse of john heybach.”

Form 990, Part VI, Section B, Line 11

“The organization's accountant works closely with the form 990 preparer in answering all questions on the form as well as providing accurate financial and other information for inclusion. A draft of the form is then reviewed by the president and accountant prior to finalization. Any changes are incorporated into the form prior to filing. A copy of the form 990 is provided to the organization's governing board before it is filed.”

Form 990, Part VI, Section B, Line 12C

“Directors are requested to inform the president of potential conflicts of interests. The president reviews the potential conflict of interest and informs the remaining members of the board of such conflicts. Board members sign conflict of interest forms when joining the board and updated annually.”

Form 990, Part VI, Section B, Line 15

“Designated independent directors review the compensation of the president and key employees.”

Form 990, Part VI, Section C, Line 18

“All documents are available to the public upon request.”

Form 990, Part VI, Section C, Line 19

“Altus academy makes their governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Altus Academy
EIN
27-4259966
Phone
3123743148
Address
751 S SACRAMENTO, CHICAGO, IL 60612

Signing Officer

Name
John P Heybach
Title
President
Phone
3123743148
Signed
2017-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John P Heybach
Formed
2010
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
9
Employees
10
Volunteers
20

Preparer

Firm
Weiss Sugar Dvorak & Dusek Ltd
Address
20 N WACKER DR SUITE 2250, CHICAGO, IL 60606
Preparer
Robert Rehayem
Phone
3123326622
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Adjust prepaid taxes 5898.”

Financial Statement Notes

PART X, LINE 2:

“Accounting standards provide guidance for how certain tax positions should be recognized, measured, disclosed and presented in the financial statements. This requires the evaluation of tax positions taken or expected to be taken in the course of preparing the academy's information returns to determine whether the tax positions are "more-likely-than-not" of being sustained "when challenged or "when examined" by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit and asset or expense and liability in the current year. The academy files information returns in the u.s. Federal jurisdiction and illinois state jurisdiction. As of and for the year ended june 30, 2016, management has determined that there are no uncertain tax positions.”

Raw XML AppendixShowing 400 of 461 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.

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IRS990/Desc0ALTUS ACADEMY INAUGURATED ITS FIRST CLASS OF SIXTEEN, 4TH, 5TH AND 6TH GRADERS ON AUGUST 7, 2013 AND EXPANDED TO THIRTY STUDENTS IN ITS SECOND YEAR AND TO FORTY-FOUR STUDENTS IN THE ACADEMY'S THIRD SCHOOL YEAR, WHICH ALSO SAW ITS FIRST GRADUATING CLASS OF NINE STUDENTS DURING THE YEAR ENDED JUNE 30, 2016. THE ACADEMY EXPECTS TO EVENTUALLY SERVE 120 LOW INCOME, MINORITY, UNDERREPRESENTED YOUTH IN A FULL TIME MIDDLE SCHOOL WITH SUPPLEMENTAL PROGRAM SUPPORT, INCLUDING EVENINGS, WEEKENDS AND SUMMERS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & FOUNDER
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/NetAssetsOrFundBalancesEOYAmt0269193
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-3795
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-3795
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt02674
IRS990/OccupancyGrp/ManagementAndGeneralAmt02674
IRS990/OccupancyGrp/ProgramServicesAmt021404
IRS990/OccupancyGrp/TotalAmt026752
IRS990/OfficeExpensesGrp/FundraisingAmt02468
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0901
IRS990/OfficeExpensesGrp/ProgramServicesAmt03578
IRS990/OfficeExpensesGrp/TotalAmt06947
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02124
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt05898
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03206
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02092
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt015569
IRS990/OtherEmployeeBenefitsGrp/TotalAmt020867
IRS990/OtherExpensesGrp/Desc0CURRICULUM&CLASSROOM MA
IRS990/OtherExpensesGrp/Desc1UNIFORMS
IRS990/OtherExpensesGrp/Desc2STUDENT SERVICES
IRS990/OtherExpensesGrp/Desc3OTHER
IRS990/OtherExpensesGrp/FundraisingAmt0207
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0258
IRS990/OtherExpensesGrp/ProgramServicesAmt018695
IRS990/OtherExpensesGrp/ProgramServicesAmt18894
IRS990/OtherExpensesGrp/ProgramServicesAmt25693
IRS990/OtherExpensesGrp/ProgramServicesAmt3231
IRS990/OtherExpensesGrp/TotalAmt018695
IRS990/OtherExpensesGrp/TotalAmt18894
IRS990/OtherExpensesGrp/TotalAmt25693
IRS990/OtherExpensesGrp/TotalAmt3696
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt031625
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0548
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0148718
IRS990/OtherSalariesAndWagesGrp/TotalAmt0180891
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt04236
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02764
IRS990/PayrollTaxesGrp/ProgramServicesAmt016471
IRS990/PayrollTaxesGrp/TotalAmt023471
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt019276
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt021379
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01439
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011575
IRS990/PrincipalOfficerNm0JOHN P HEYBACH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt011077
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011077
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0326400
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0122924
IRS990/PYOtherRevenueAmt0-12037
IRS990/PYProgramServiceRevenueAmt05827
IRS990/PYRevenuesLessExpensesAmt0-116248
IRS990/PYSalariesCompEmpBnftPaidAmt0313514
IRS990/PYTotalExpensesAmt0436438
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0320190
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0122898
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt011077
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0537947
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0293806
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0241083
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0356137
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0103000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01531973
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt022192
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01531973
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0537947
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0293806
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0241083
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0356137
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0103000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01531973
IRS990ScheduleA/TotalSupportAmt01531976
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt020208
IRS990ScheduleD/EquipmentGrp/DepreciationAmt012121
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt032329
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0456031
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010683
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07193
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt017876
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0578929
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING STANDARDS PROVIDE GUIDANCE FOR HOW CERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE ACADEMY'S INFORMATION RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED "WHEN CHALLENGED OR "WHEN EXAMINED" BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT AND ASSET OR EXPENSE AND LIABILITY IN THE CURRENT YEAR. THE ACADEMY FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION AND ILLINOIS STATE JURISDICTION. AS OF AND FOR THE YEAR ENDED JUNE 30, 2016, MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt030891
IRS990ScheduleD/TotalExpensesPerForm990Amt0456031
IRS990ScheduleD/TotalRevenuePerForm990Amt0578929
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0578929
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0456031
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt033700
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt033700
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt05720
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BENEFIT DINNER
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt035625
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt035625
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt01925
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt01925
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-3795
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt05720
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt05720
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MICHELENE BAJAKIAN, JD, MEMBER OF THE BOARD OF DIRECTORS, IS THE DAUGHTER OF JOHN HEYBACH, PRESIDENT AND MEMBER OF THE BOARD OF DIRECTORS. JOHN HEYBACH IS ALSO AN EMPLOYEE OF THE ORGANZATION. SEAN HALEY, CHAIRMAN OF THE BOARD OF DIRECTORS IS FIRST COUSIN TO THE SPOUSE OF JOHN HEYBACH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S ACCOUNTANT WORKS CLOSELY WITH THE FORM 990 PREPARER IN ANSWERING ALL QUESTIONS ON THE FORM AS WELL AS PROVIDING ACCURATE FINANCIAL AND OTHER INFORMATION FOR INCLUSION. A DRAFT OF THE FORM IS THEN REVIEWED BY THE PRESIDENT AND ACCOUNTANT PRIOR TO FINALIZATION. ANY CHANGES ARE INCORPORATED INTO THE FORM PRIOR TO FILING. A COPY OF THE FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BOARD BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DIRECTORS ARE REQUESTED TO INFORM THE PRESIDENT OF POTENTIAL CONFLICTS OF INTERESTS. THE PRESIDENT REVIEWS THE POTENTIAL CONFLICT OF INTEREST AND INFORMS THE REMAINING MEMBERS OF THE BOARD OF SUCH CONFLICTS. BOARD MEMBERS SIGN CONFLICT OF INTEREST FORMS WHEN JOINING THE BOARD AND UPDATED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESIGNATED INDEPENDENT DIRECTORS REVIEW THE COMPENSATION OF THE PRESIDENT AND KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALTUS ACADEMY MAKES THEIR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ADJUST PREPAID TAXES 5898.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt020000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt05000
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0154889
IRS990/TotalAssetsEOYAmt0276871
IRS990/TotalAssetsGrp/BOYAmt0154889
IRS990/TotalAssetsGrp/EOYAmt0276871
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0571647
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt064395
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt049184
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0342452
IRS990/TotalFunctionalExpensesGrp/TotalAmt0456031
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014492
IRS990/TotalLiabilitiesEOYAmt07678

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$276,871
Liabilities
$7,678
Net assets
$269,193
Revenue
$578,929
Expenses
$456,031
Net income
$122,898
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.80$0.08$0.72$0.53$0.83$0.30
2023Detailed filing. Detailed filing data is available for this year.$1.10$0.07$1.02$1.02$0.72$0.30
2022Detailed filing. Detailed filing data is available for this year.$0.86$0.14$0.72$1.19$0.62$0.57
2021Detailed filing. Detailed filing data is available for this year.$0.35$0.20$0.15$0.65$0.60$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.22$0.12$0.10$0.25$0.55$0.30
2019Detailed filing. Detailed filing data is available for this year.$0.42$0.02$0.40$0.74$0.55$0.19
2018Detailed filing. Detailed filing data is available for this year.$0.25$0.03$0.21$0.55$0.55$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.28$0.01$0.27$0.58$0.46$0.12
2015Detailed filing. Detailed filing data is available for this year.$0.15$0.01$0.14$0.32$0.44$0.12
2014Detailed filing. Detailed filing data is available for this year.$0.27$0.01$0.26$0.25$0.28$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.00$0.29$0.11