Civic Intelligence

Altus Academy

990 • Fiscal year 2020 • EIN 27-4259966

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

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

89th percentile

0.53x

Higher debt load relative to assets than 89% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

90th percentile

0.46x

Higher debt load relative to revenue than 90% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

7th percentile

-117%

Higher net margin than 7% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

96th percentile

$73,215

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 28.8% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

9th percentile

-47%

Faster asset growth than 9% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

14th percentile

-65%

Faster revenue growth than 14% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$221,945

Down $200,236 (-47%) from 2019

Net Assets

Down

$103,678

Down $298,938 (-74%) from 2019

Liabilities

Up

$118,267

Up $98,702 (+504%) from 2019

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin7th percentile

Revenue

Down

$254,527

Down $480,970 (-65%) from 2019

Expenses

Up

$553,465

Up $6,736 (+1.2%) from 2019

Net Income

Down

-$298,938

Down $487,706 (-258%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth9th 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

2020

Assets$221,945
Liabilities$118,267
Net Assets$103,678
Open 2020 Filing

Operations Trend

Revenue Growth14th 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

2020

Revenue$254,527
Expenses$553,465
Net Income-$298,938
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.2
Gross Receipts
$254,527
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
Cash and Non-Interest-Bearing Accounts$193,088$182,162▼ $10,926
Land, Buildings, and Equipment, Net$19,663$27,374▲ $7,711
Prepaid Expenses and Deferred Charges$9,009$11,988▲ $2,979
Pledges and Grants Receivable$200,421$421▼ $200,000
Total Assets$422,181$221,945▼ $200,236
Liabilities
Unsecured Notes Loans Payable-$80,300-
Accounts Payable and Accrued Expenses$19,565$37,967▲ $18,402
Total Liabilities$19,565$118,267▲ $98,702
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$181,163$85,182▼ $95,981
Net Assets With Donor Restrictions$221,453$18,496▼ $202,957
Total Net Assets Fund Balance$402,616$103,678▼ $298,938
Total Liabilities and Net Assets / Fund Balance$422,181$221,945▼ $200,236

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,783$33,973$35,756
Other Land Buildings$3,971$18,170$22,141
Leasehold Improvements$21,620-$21,620
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
John P HeybachPresident & FounderFT$71,083$2,132$73,215
Alfredo VillegasPrincipalFT$42,113$4,819$46,932

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
$253,447
Program Service Revenue
$1,080
Investment Income
$0
Other Revenue
$0
All Other Contributions
$253,447
Change in Net Assets
$-298,938

Audited Revenue Reconciliation

Revenue per Audited Statements
$254,527
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,229
Total Revenue per Audited Statements
$256,756
Total Revenue per Form 990
$254,527
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$413,803
Other Expenses$139,662
Total Fundraising Expense$31,302
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$203,342$12,631$489$216,462
Current Officers, Directors, Trustees, and Key Employees$85,539$24,460$14,360$124,359
Occupancy$37,001$4,626$4,626$46,253
Other Employee Benefits$37,276$3,220$3,483$43,979
Payroll Taxes$21,289$1,839$1,989$25,117
Fees for Services Accounting-$18,674-$18,674
Fees for Services Other$18,245--$18,245
Information Technology$14,065$1,513$1,513$17,091
Office Expenses$5,762$886$1,432$8,080
Insurance$2,350$2,956$220$5,526
Depreciation Depletion$4,345$314$350$5,009
Pension Plan Contributions$3,294$284$308$3,886
Other Expenses$1,992$122$1,556$1,992
Advertising$143-$976$1,119
Conferences and Meetings$145--$145
Travel$52--$52
Fees for Services Legal-$11-$11
Total Functional Expenses$450,627$71,536$31,302$553,465

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$555,694
Expenses per Audited Statements$553,465
Total Expenses per Form 990$553,465
Expenses Not Reported on Form 990$2,229
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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 35% controlled entity
No
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
2021-05-17
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
12
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, 2020, management has determined that there are no uncertain tax positions.”

Raw XML AppendixShowing 400 of 444 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 54 STUDENTS IN GRADES 1 THROUGH 8 IN THIS THE ACADEMY'S SEVENTH SCHOOL YEAR (FISCAL YEAR ENDED JUNE 30, 2020. 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/TitleTxt3DIRECTOR
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IRS990/OfficeExpensesGrp/FundraisingAmt01432
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0886
IRS990/OfficeExpensesGrp/ProgramServicesAmt05762
IRS990/OfficeExpensesGrp/TotalAmt08080
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03483
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03220
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt037276
IRS990/OtherEmployeeBenefitsGrp/TotalAmt043979
IRS990/OtherExpensesGrp/Desc0CURRICULUM&CLASSROOM MA
IRS990/OtherExpensesGrp/Desc1UNIFORMS
IRS990/OtherExpensesGrp/Desc2OTHER
IRS990/OtherExpensesGrp/Desc3STUDENT SERVICES
IRS990/OtherExpensesGrp/FundraisingAmt01556
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0122
IRS990/OtherExpensesGrp/ProgramServicesAmt012206
IRS990/OtherExpensesGrp/ProgramServicesAmt12988
IRS990/OtherExpensesGrp/ProgramServicesAmt2593
IRS990/OtherExpensesGrp/ProgramServicesAmt31992
IRS990/OtherExpensesGrp/TotalAmt012206
IRS990/OtherExpensesGrp/TotalAmt12988
IRS990/OtherExpensesGrp/TotalAmt22271
IRS990/OtherExpensesGrp/TotalAmt31992
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0489
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt012631
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0203342
IRS990/OtherSalariesAndWagesGrp/TotalAmt0216462
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01989
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01839
IRS990/PayrollTaxesGrp/ProgramServicesAmt021289
IRS990/PayrollTaxesGrp/TotalAmt025117
IRS990/PensionPlanContributionsGrp/FundraisingAmt0308
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0284
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03294
IRS990/PensionPlanContributionsGrp/TotalAmt03886
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0200421
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0421
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09009
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011988
IRS990/PrincipalOfficerNm0JOHN P HEYBACH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01080
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01080
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0751696
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0145176
IRS990/PYOtherRevenueAmt0-18118
IRS990/PYProgramServiceRevenueAmt01919
IRS990/PYRevenuesLessExpensesAmt0188768
IRS990/PYSalariesCompEmpBnftPaidAmt0401553
IRS990/PYTotalExpensesAmt0546729
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0735497
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-298938
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01080
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0253447
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0751696
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0555201
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0486498
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0537947
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02584789
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt019751
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.44970
IRS990ScheduleA/PublicSupportPY170Pct00.40070
IRS990ScheduleA/PublicSupportTotal170Amt01162299
IRS990ScheduleA/SubstantialContributorsTotAmt01422490
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0253447
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0751696
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0555201
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0486498
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0537947
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02584789
IRS990ScheduleA/TotalSupportAmt02584789
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/DonatedServicesAndUseFcltsAmt02229
IRS990ScheduleD/DonatedServicesUseFcltsAmt02229
IRS990ScheduleD/EquipmentGrp/BookValueAmt01783
IRS990ScheduleD/EquipmentGrp/DepreciationAmt033973
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt035756
IRS990ScheduleD/ExpensesNotReportedAmt02229
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0553465
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt021620
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt021620
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03971
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt018170
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt022141
IRS990ScheduleD/RevenueNotReportedAmt02229
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0254527
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, 2020, MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt027374
IRS990ScheduleD/TotalExpensesPerForm990Amt0553465
IRS990ScheduleD/TotalRevenuePerForm990Amt0254527
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0256756
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0555694
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/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0422181
IRS990/TotalAssetsEOYAmt0221945
IRS990/TotalAssetsGrp/BOYAmt0422181
IRS990/TotalAssetsGrp/EOYAmt0221945
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0253447
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt031302
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt071536
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0450627
IRS990/TotalFunctionalExpensesGrp/TotalAmt0553465
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt019565
IRS990/TotalLiabilitiesEOYAmt0118267
IRS990/TotalLiabilitiesGrp/BOYAmt019565
IRS990/TotalLiabilitiesGrp/EOYAmt0118267
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0402616
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0103678
IRS990/TotalOtherCompensationAmt06951
IRS990/TotalProgramServiceExpensesAmt0450627
IRS990/TotalProgramServiceRevenueAmt01080
IRS990/TotalReportableCompFromOrgAmt0113196
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01080
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0254527
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt060
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0422181
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0221945

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$221,945
Liabilities
$118,267
Net assets
$103,678
Revenue
$254,527
Expenses
$553,465
Net income
-$298,938
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