Civic Intelligence

Altus Academy

990 • Fiscal year 2019 • EIN 27-4259966

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 15, 2020

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

55th percentile

0.05x

Higher debt load relative to assets than 55% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

49th percentile

0.03x

Higher debt load relative to revenue than 49% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

81st percentile

26%

Higher net margin than 81% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

79th percentile

$74,463

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 10.1% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

91st percentile

70%

Faster asset growth than 91% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

81st percentile

35%

Faster revenue growth than 81% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$422,181

Up $174,088 (+70%) from 2018

Net Assets

Up

$402,616

Up $188,768 (+88%) from 2018

Liabilities

Down

$19,565

Down $14,680 (-43%) from 2018

Revenue And Expenses
Liabilities / Revenue49th percentileNet Margin81st percentile

Revenue

Up

$735,497

Up $188,920 (+35%) from 2018

Expenses

Down

$546,729

Down $7,691 (-1.4%) from 2018

Net Income

Up

$188,768

Up $196,611 (+2507%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth91st 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

2019

Assets$422,181
Liabilities$19,565
Net Assets$402,616
Open 2019 Filing

Operations Trend

Revenue Growth81st 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

2019

Revenue$735,497
Expenses$546,729
Net Income$188,768
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 15, 2020
Return Version
2018v3.2
Gross Receipts
$757,495
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 one through eight.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$11,700$200,421▲ $188,721
Cash and Non-Interest-Bearing Accounts$215,342$193,088▼ $22,254
Land, Buildings, and Equipment, Net$17,844$19,663▲ $1,819
Prepaid Expenses and Deferred Charges$3,207$9,009▲ $5,802
Total Assets$248,093$422,181▲ $174,088
Liabilities
Accounts Payable and Accrued Expenses$34,245$19,565▼ $14,680
Total Liabilities$34,245$19,565▼ $14,680
Net Assets / Fund Balance
Temporarily Rstr Net Assets$23,164$221,453▲ $198,289
Unrestricted Net Assets$190,684$181,163▼ $9,521
Total Net Assets Fund Balance$213,848$402,616▲ $188,768
Total Liabilities and Net Assets / Fund Balance$248,093$422,181▲ $174,088

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,580$31,176$35,756
Other Land Buildings$5,183$15,958$21,141
Leasehold Improvements$9,900-$9,900
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
John P HeybachPresident & FounderFT$72,294$2,169$74,463

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$751,696
Program Service Revenue
$1,919
Investment Income
$0
Other Revenue
$-18,118
All Other Contributions
$629,601
Change in Net Assets
$188,768

Audited Revenue Reconciliation

Revenue per Audited Statements
$735,497
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$735,497
Total Revenue per Form 990
$735,497
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$401,553
Other Expenses$145,176
Total Fundraising Expense$42,325
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$237,603$7,245-$244,848
Current Officers, Directors, Trustees, and Key Employees$30,300$22,726$22,726$75,752
Other Employee Benefits$44,864$4,650$3,397$52,911
Occupancy$26,990$3,374$3,374$33,738
Fees for Services Accounting-$24,183-$24,183
Payroll Taxes$18,657$2,063$1,506$22,226
Fees for Services Other$16,400-$3,850$20,250
Information Technology$12,496$1,348$1,348$15,192
Office Expenses$6,414$1,241$3,572$11,227
Depreciation Depletion$6,655$674$752$8,081
Pension Plan Contributions$5,882$65$-131$5,816
Insurance$1,339$2,741$108$4,188
Other Expenses$994$188$1,823$994
Conferences and Meetings-$575-$575
Advertising$238$67-$305
Fees for Services Legal-$11-$11
Total Functional Expenses$433,253$71,151$42,325$546,729

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$546,729
Total Expenses per Audited Statements$546,729
Total Expenses per Form 990$546,729
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$21,998
Fundraising Gross Income$3,880
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Benefit Dinner$125,975$3,880$21,998$-18,118
Total Events$125,975$3,880$21,998$-18,118
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
2020-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John P Heybach
Formed
2010
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
8
Employees
11
Volunteers
60

Preparer

Firm
Wsdd Cpas Ltd
Address
303 W MADISON ST SUITE 2075, CHICAGO, IL 60606-3395
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, 2019, management has determined that there are no uncertain tax positions.”

Raw XML AppendixShowing 400 of 455 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 17, 2013. THE ACADEMY HAS EXPANDED TO 57 STUDENTS IN GRADES 1 THROUGH 8 IN THIS THE ACADEMY'S SIXTH SCHOOL YEAR (FISCAL YEAR ENDED JUNE 30, 2019. IN ADDITION TO INCREASING THE NUMBER OF STUDENTS SERVED EACH YEAR, THE ACADEMY CONTINUES TO EXPAND ITS CURRICULUM INCLUDING STEM AND ROBOTICS PROGRAMS PARTICULARLY.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & FOUNDER
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04650
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt044864
IRS990/OtherEmployeeBenefitsGrp/TotalAmt052911
IRS990/OtherExpensesGrp/Desc0CURRICULUM&CLASSROOM MA
IRS990/OtherExpensesGrp/Desc1STUDENT SERVICES
IRS990/OtherExpensesGrp/Desc2OTHER
IRS990/OtherExpensesGrp/Desc3UNIFORMS
IRS990/OtherExpensesGrp/FundraisingAmt01823
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0188
IRS990/OtherExpensesGrp/ProgramServicesAmt019676
IRS990/OtherExpensesGrp/ProgramServicesAmt14738
IRS990/OtherExpensesGrp/ProgramServicesAmt27
IRS990/OtherExpensesGrp/ProgramServicesAmt3994
IRS990/OtherExpensesGrp/TotalAmt019676
IRS990/OtherExpensesGrp/TotalAmt14738
IRS990/OtherExpensesGrp/TotalAmt22018
IRS990/OtherExpensesGrp/TotalAmt3994
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt07245
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0237603
IRS990/OtherSalariesAndWagesGrp/TotalAmt0244848
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01506
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02063
IRS990/PayrollTaxesGrp/ProgramServicesAmt018657
IRS990/PayrollTaxesGrp/TotalAmt022226
IRS990/PensionPlanContributionsGrp/FundraisingAmt0-131
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt065
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt05882
IRS990/PensionPlanContributionsGrp/TotalAmt05816
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt011700
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0200421
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03207
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09009
IRS990/PrincipalOfficerNm0JOHN P HEYBACH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01919
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01919
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0555201
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0119610
IRS990/PYOtherRevenueAmt0-10707
IRS990/PYProgramServiceRevenueAmt02083
IRS990/PYRevenuesLessExpensesAmt0-7843
IRS990/PYSalariesCompEmpBnftPaidAmt0434810
IRS990/PYTotalExpensesAmt0554420
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0546577
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0188768
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01919
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0751696
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0555201
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0486498
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0537947
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0293806
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02625148
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt024498
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.40070
IRS990ScheduleA/PublicSupportPY170Pct00.41550
IRS990ScheduleA/PublicSupportTotal170Amt01051798
IRS990ScheduleA/SubstantialContributorsTotAmt01573350
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0751696
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0555201
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0486498
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0537947
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0293806
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02625148
IRS990ScheduleA/TotalSupportAmt02625148
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/BookValueAmt04580
IRS990ScheduleD/EquipmentGrp/DepreciationAmt031176
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt035756
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0546729
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt09900
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt09900
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05183
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt015958
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt021141
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0735497
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, 2019, MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt019663
IRS990ScheduleD/TotalExpensesPerForm990Amt0546729
IRS990ScheduleD/TotalRevenuePerForm990Amt0735497
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0735497
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0546729
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0122095
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0122095
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt021998
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BENEFIT DINNER
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0125975
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0125975
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt03880
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt03880
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-18118
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt021998
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt021998
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt023164
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0221453
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0248093
IRS990/TotalAssetsEOYAmt0422181
IRS990/TotalAssetsGrp/BOYAmt0248093
IRS990/TotalAssetsGrp/EOYAmt0422181
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0751696
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt042325
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt071151
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0433253
IRS990/TotalFunctionalExpensesGrp/TotalAmt0546729
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt034245
IRS990/TotalLiabilitiesEOYAmt019565
IRS990/TotalLiabilitiesGrp/BOYAmt034245
IRS990/TotalLiabilitiesGrp/EOYAmt019565
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0213848
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0402616
IRS990/TotalOtherCompensationAmt02169
IRS990/TotalProgramServiceExpensesAmt0433253
IRS990/TotalProgramServiceRevenueAmt01919
IRS990/TotalReportableCompFromOrgAmt072294
IRS990/TotalRevenueGrp/ExclusionAmt0-18118
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01919

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$422,181
Liabilities
$19,565
Net assets
$402,616
Revenue
$735,497
Expenses
$546,729
Net income
$188,768
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