Civic Intelligence

Altus Academy

990 • Fiscal year 2018 • EIN 27-4259966

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

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

68th percentile

0.14x

Higher debt load relative to assets than 68% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

59th percentile

0.06x

Higher debt load relative to revenue than 59% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

35th percentile

-1.4%

Higher net margin than 35% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

77th percentile

$71,236

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 13.0% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

26th percentile

-5.3%

Faster asset growth than 26% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2018

Revenue Growth

34th percentile

-2.8%

Faster revenue growth than 34% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2018

Balance Sheet
Liabilities / Assets68th percentile

Assets

Down

$248,093

Down $28,778 (-10%) from 2016

Net Assets

Down

$213,848

Down $55,345 (-21%) from 2016

Liabilities

Up

$34,245

Up $26,567 (+346%) from 2016

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin35th percentile

Revenue

Down

$546,577

Down $32,352 (-5.6%) from 2016

Expenses

Up

$554,420

Up $98,389 (+22%) from 2016

Net Income

Down

-$7,843

Down $130,741 (-106%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth26th 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

2018

Assets$248,093
Liabilities$34,245
Net Assets$213,848
Open 2018 Filing

Operations Trend

Revenue Growth34th 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

2018

Revenue$546,577
Expenses$554,420
Net Income-$7,843
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$561,589
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.

The mission of altus academy (the academy) is to develop students with the strength of character and academic preparation to succeed in college preparatory high schools, college, and beyond. The academy is a private, independent, not-for-profit elementary school that provides a high quality college preparatory education for its students in grades two through eight.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$167,064$215,342▲ $48,278
Land, Buildings, and Equipment, Net$24,096$17,844▼ $6,252
Pledges and Grants Receivable$39,730$11,700▼ $28,030
Prepaid Expenses and Deferred Charges$6,413$3,207▼ $3,206
Total Assets$237,303$248,093▲ $10,790
Liabilities
Accounts Payable and Accrued Expenses$15,612$34,245▲ $18,633
Total Liabilities$15,612$34,245▲ $18,633
Net Assets / Fund Balance
Unrestricted Net Assets$202,691$190,684▼ $12,007
Temporarily Rstr Net Assets$19,000$23,164▲ $4,164
Total Net Assets Fund Balance$221,691$213,848▼ $7,843
Total Liabilities and Net Assets / Fund Balance$237,303$248,093▲ $10,790

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,884$25,872$35,756
Other Land Buildings$7,960$13,181$21,141
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
John P HeybachPresident & FounderFT$70,700$536$71,236

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
$555,201
Program Service Revenue
$2,083
Investment Income
$0
Other Revenue
$-10,707
All Other Contributions
$422,051
Change in Net Assets
$-7,843

Audited Revenue Reconciliation

Revenue per Audited Statements
$546,577
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$9,750
Total Revenue per Audited Statements
$556,327
Total Revenue per Form 990
$546,577
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$434,810
Other Expenses$119,610
Total Fundraising Expense$35,579
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$271,148$1,370-$272,518
Current Officers, Directors, Trustees, and Key Employees$29,072$21,804$21,804$72,680
Other Employee Benefits$55,232$203$3,541$58,976
Occupancy$24,444$3,037$3,037$30,518
Payroll Taxes$22,617$1,656$1,626$25,899
Fees for Services Accounting-$22,366-$22,366
Information Technology$11,492$1,247$1,246$13,985
Depreciation Depletion$8,688$674$750$10,112
Office Expenses$4,117$883$2,640$7,640
Fees for Services Other$4,775-$660$5,435
Pension Plan Contributions$4,730-$7$4,737
Insurance$1,729$1,993$127$3,849
Other Expenses$2,950$2,894$141$2,950
Advertising$828--$828
Conferences and Meetings$536--$536
Fees for Services Legal-$288-$288
Travel$112--$112
Total Functional Expenses$460,426$58,415$35,579$554,420

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$564,170
Expenses per Audited Statements$554,420
Total Expenses per Form 990$554,420
Expenses Not Reported on Form 990$9,750
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$15,012
Fundraising Gross Income$4,305
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Benefit Dinner$137,455$4,305$15,012$-10,707
Total Events$137,455$4,305$15,012$-10,707
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
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, 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 11B

“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
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John P Heybach
Formed
2010
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
9
Employees
15
Volunteers
60

Preparer

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

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, 2018, management has determined that there are no uncertain tax positions.”

Raw XML AppendixShowing 400 of 454 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt015612
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt034245
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE MISSION OF ALTUS ACADEMY (THE ACADEMY) IS TO DEVELOP STUDENTS WITH THE STRENGTH OF CHARACTER AND ACADEMIC PREPARATION TO SUCCEED IN COLLEGE PREPARATORY HIGH SCHOOLS, COLLEGE, AND BEYOND. THE ACADEMY IS A PRIVATE, INDEPENDENT, NOT-FOR-PROFIT ELEMENTARY SCHOOL THAT PROVIDES A HIGH QUALITY COLLEGE PREPARATORY EDUCATION FOR ITS STUDENTS IN GRADES TWO THROUGH EIGHT.
IRS990/AdvertisingGrp/ProgramServicesAmt0828
IRS990/AdvertisingGrp/TotalAmt0828
IRS990/AllOtherContributionsAmt0422051
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JOHN P HEYBACH
IRS990/BooksInCareOfDetail/PhoneNum03123743148
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0741 S SACRAMENTO
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHICAGO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060612
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0167064
IRS990/CashNonInterestBearingGrp/EOYAmt0215342
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt021804
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt021804
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt029072
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt072680
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0536
IRS990/ConferencesMeetingsGrp/TotalAmt0536
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt0133150
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0555201
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0119610
IRS990/CYOtherRevenueAmt0-10707
IRS990/CYProgramServiceRevenueAmt02083
IRS990/CYRevenuesLessExpensesAmt0-7843
IRS990/CYSalariesCompEmpBnftPaidAmt0434810
IRS990/CYTotalExpensesAmt0554420
IRS990/CYTotalFundraisingExpenseAmt035579
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0546577
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/FundraisingAmt0750
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0674
IRS990/DepreciationDepletionGrp/ProgramServicesAmt08688
IRS990/DepreciationDepletionGrp/TotalAmt010112
IRS990/Desc0ALTUS ACADEMY INAUGURATED ITS FIRST CLASS OF SIXTEEN, 4TH, 5TH AND 6TH GRADERS ON AUGUST 17, 2013. THE ACADEMY HAS EXPANDED TO 43 STUDENTS IN GRADES 2 THROUGH 8 IN THIS THE ACADEMY'S FIFTH SCHOOL YEAR (FISCAL YEAR ENDED JUNE 30, 2018. IN ADDITION TO INCREASING THE NUMBER OF STUDENTS SERVED EACH YEAR, THE ACADEMY CONTINUES TO EXPAND ITS CURRICULUM INCLUDING STEM AND ROBOTICS PROGRAMS PARTICULARLY.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt015
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0460426
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt022366
IRS990/FeesForServicesAccountingGrp/TotalAmt022366
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0288
IRS990/FeesForServicesLegalGrp/TotalAmt0288
IRS990/FeesForServicesOtherGrp/FundraisingAmt0660
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt04775
IRS990/FeesForServicesOtherGrp/TotalAmt05435
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt0536
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0JOHN P HEYBACH
IRS990/Form990PartVIISectionAGrp/PersonNm1SEAN HALEY
IRS990/Form990PartVIISectionAGrp/PersonNm2THOMAS J DEE
IRS990/Form990PartVIISectionAGrp/PersonNm3DIANA ARELLANO
IRS990/Form990PartVIISectionAGrp/PersonNm4MICHELENE BAJAKIAN
IRS990/Form990PartVIISectionAGrp/PersonNm5LISA FREEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm6JACQUELIN HARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm7CAROLINE RILEY-JARAMILLO
IRS990/Form990PartVIISectionAGrp/PersonNm8HERON E RODRIGUEZ
IRS990/Form990PartVIISectionAGrp/PersonNm9HANK UNDERWOOD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt070700
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & FOUNDER
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02010
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0133150
IRS990/FundraisingDirectExpensesAmt015012
IRS990/FundraisingGrossIncomeAmt04305
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0561589
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt01246
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01247
IRS990/InformationTechnologyGrp/ProgramServicesAmt011492
IRS990/InformationTechnologyGrp/TotalAmt013985
IRS990/InsuranceGrp/FundraisingAmt0127
IRS990/InsuranceGrp/ManagementAndGeneralAmt01993
IRS990/InsuranceGrp/ProgramServicesAmt01729
IRS990/InsuranceGrp/TotalAmt03849
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt039053
IRS990/LandBldgEquipBasisNetGrp/BOYAmt024096
IRS990/LandBldgEquipBasisNetGrp/EOYAmt017844
IRS990/LandBldgEquipCostOrOtherBssAmt056897
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF ALTUS ACADEMY (THE ACADEMY) IS TO DEVELOP STUDENTS WITH THE STRENGTH OF CHARACTER AND ACADEMIC PREPARATION TO SUCCEED IN COLLEGE PREPARATORY HIGH SCHOOLS, COLLEGE, AND BEYOND. THE ACADEMY IS A PRIVATE, INDEPENDENT, NOT-FOR-PROFIT ELEMENTARY SCHOOL THAT PROVIDES A HIGH QUALITY COLLEGE PREPARATORY EDUCATION FOR ITS STUDENTS IN GRADES TWO THROUGH EIGHT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0221691
IRS990/NetAssetsOrFundBalancesEOYAmt0213848
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-10707
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-10707
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt03037
IRS990/OccupancyGrp/ManagementAndGeneralAmt03037
IRS990/OccupancyGrp/ProgramServicesAmt024444
IRS990/OccupancyGrp/TotalAmt030518
IRS990/OfficeExpensesGrp/FundraisingAmt02640
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0883
IRS990/OfficeExpensesGrp/ProgramServicesAmt04117
IRS990/OfficeExpensesGrp/TotalAmt07640
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03541
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0203
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt055232
IRS990/OtherEmployeeBenefitsGrp/TotalAmt058976
IRS990/OtherExpensesGrp/Desc0CURRICULUM&CLASSROOM MA
IRS990/OtherExpensesGrp/Desc1STUDENT SERVICES
IRS990/OtherExpensesGrp/Desc2OTHER
IRS990/OtherExpensesGrp/Desc3UNIFORMS
IRS990/OtherExpensesGrp/FundraisingAmt0141
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02894
IRS990/OtherExpensesGrp/ProgramServicesAmt011963
IRS990/OtherExpensesGrp/ProgramServicesAmt15918
IRS990/OtherExpensesGrp/ProgramServicesAmt275
IRS990/OtherExpensesGrp/ProgramServicesAmt32950
IRS990/OtherExpensesGrp/TotalAmt011963
IRS990/OtherExpensesGrp/TotalAmt15918
IRS990/OtherExpensesGrp/TotalAmt23110
IRS990/OtherExpensesGrp/TotalAmt32950
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01370
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0271148
IRS990/OtherSalariesAndWagesGrp/TotalAmt0272518
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01626
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01656
IRS990/PayrollTaxesGrp/ProgramServicesAmt022617
IRS990/PayrollTaxesGrp/TotalAmt025899
IRS990/PensionPlanContributionsGrp/FundraisingAmt07
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt04730
IRS990/PensionPlanContributionsGrp/TotalAmt04737
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt039730
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt011700
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06413
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03207
IRS990/PrincipalOfficerNm0JOHN P HEYBACH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02083
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02083
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0486498
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0114925
IRS990/PYOtherRevenueAmt0-18774
IRS990/PYProgramServiceRevenueAmt03592
IRS990/PYRevenuesLessExpensesAmt0-47502
IRS990/PYSalariesCompEmpBnftPaidAmt0403893
IRS990/PYTotalExpensesAmt0518818
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0471316
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-7843
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02083
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0555201
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0486498
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0537947
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0293806
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0241083
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02114535
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt027867
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.41550
IRS990ScheduleA/PublicSupportPY170Pct00.41850
IRS990ScheduleA/PublicSupportTotal170Amt0878605
IRS990ScheduleA/SubstantialContributorsTotAmt01235930
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0555201
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0486498
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0537947
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0293806
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0241083
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02114535
IRS990ScheduleA/TotalSupportAmt02114536
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt09750
IRS990ScheduleD/DonatedServicesUseFcltsAmt09750
IRS990ScheduleD/EquipmentGrp/BookValueAmt09884
IRS990ScheduleD/EquipmentGrp/DepreciationAmt025872
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt035756
IRS990ScheduleD/ExpensesNotReportedAmt09750
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0554420
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt07960
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt013181
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt021141
IRS990ScheduleD/RevenueNotReportedAmt09750
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0546577
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, 2018, MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017844
IRS990ScheduleD/TotalExpensesPerForm990Amt0554420
IRS990ScheduleD/TotalRevenuePerForm990Amt0546577
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0556327
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0564170
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0133150
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0133150
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt015012
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BENEFIT DINNER
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0137455
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0137455
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt04305
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt04305
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-10707
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt015012
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt015012
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/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
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
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt019000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt023164
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0237303
IRS990/TotalAssetsEOYAmt0248093
IRS990/TotalAssetsGrp/BOYAmt0237303
IRS990/TotalAssetsGrp/EOYAmt0248093
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0555201
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt035579
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt058415
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0460426
IRS990/TotalFunctionalExpensesGrp/TotalAmt0554420
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt015612
IRS990/TotalLiabilitiesEOYAmt034245
IRS990/TotalLiabilitiesGrp/BOYAmt015612
IRS990/TotalLiabilitiesGrp/EOYAmt034245
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0221691
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0213848
IRS990/TotalOtherCompensationAmt0536
IRS990/TotalProgramServiceExpensesAmt0460426
IRS990/TotalProgramServiceRevenueAmt02083
IRS990/TotalReportableCompFromOrgAmt070700
IRS990/TotalRevenueGrp/ExclusionAmt0-10707
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02083
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0546577
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt060

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$248,093
Liabilities
$34,245
Net assets
$213,848
Revenue
$546,577
Expenses
$554,420
Net income
-$7,843
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