Civic Intelligence

Altus Academy

990 • Fiscal year 2021 • EIN 27-4259966

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

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

88th percentile

0.57x

Higher debt load relative to assets than 88% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

79th percentile

0.30x

Higher debt load relative to revenue than 79% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

40th percentile

6.9%

Higher net margin than 40% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

80th percentile

$76,390

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 11.8% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

84th percentile

55%

Faster asset growth than 84% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

91st percentile

154%

Faster revenue growth than 91% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$345,039

Up $123,094 (+55%) from 2020

Net Assets

Up

$148,086

Up $44,408 (+43%) from 2020

Liabilities

Up

$196,953

Up $78,686 (+67%) from 2020

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin40th percentile

Revenue

Up

$646,255

Up $391,728 (+154%) from 2020

Expenses

Up

$601,847

Up $48,382 (+8.7%) from 2020

Net Income

Up

$44,408

Up $343,346 (+115%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth84th 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

2021

Assets$345,039
Liabilities$196,953
Net Assets$148,086
Open 2021 Filing

Operations Trend

Revenue Growth91st 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

2021

Revenue$646,255
Expenses$601,847
Net Income$44,408
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.2
Gross Receipts
$661,807
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$182,162$209,143▲ $26,981
Pledges and Grants Receivable$421$100,421▲ $100,000
Land, Buildings, and Equipment, Net$27,374$28,486▲ $1,112
Prepaid Expenses and Deferred Charges$11,988$6,989▼ $4,999
Total Assets$221,945$345,039▲ $123,094
Liabilities
Unsecured Notes Loans Payable$80,300$154,072▲ $73,772
Accounts Payable and Accrued Expenses$37,967$42,881▲ $4,914
Total Liabilities$118,267$196,953▲ $78,686
Net Assets / Fund Balance
Net Assets With Donor Restrictions$18,496$118,756▲ $100,260
Net Assets Without Donor Restrictions$85,182$29,330▼ $55,852
Total Net Assets Fund Balance$103,678$148,086▲ $44,408
Total Liabilities and Net Assets / Fund Balance$221,945$345,039▲ $123,094

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$461$35,295$35,756
Other Land Buildings$6,541$20,100$26,641
Leasehold Improvements$21,484$741$22,225
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
John P HeybachPresident & FounderFT$72,266$4,124$76,390
Alfredo VillegasPrincipalFT$49,583$11,919$61,502

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$660,871
Program Service Revenue
$936
Investment Income
$0
Other Revenue
$-15,552
All Other Contributions
$524,199
Change in Net Assets
$44,408

Audited Revenue Reconciliation

Revenue per Audited Statements
$646,255
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$31,625
Total Revenue per Audited Statements
$677,880
Total Revenue per Form 990
$646,255
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$472,136
Other Expenses$129,711
Total Fundraising Expense$54,957
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$246,955$330$16,371$263,656
Current Officers, Directors, Trustees, and Key Employees$81,757$36,717$24,417$142,891
Other Employee Benefits$32,960--$32,960
Payroll Taxes$25,380$2,552$3,138$31,070
Occupancy$23,315$2,915$2,915$29,145
Fees for Services Other$19,315--$19,315
Fees for Services Accounting-$18,395-$18,395
Information Technology$14,589$1,660$2,066$18,315
Office Expenses$7,574$797$6,079$14,450
Insurance$1,806$2,929$230$4,965
Depreciation Depletion$3,511$241$241$3,993
Advertising$1,838--$1,838
Pension Plan Contributions$1,559--$1,559
Other Expenses$1,027$3,217$-500$1,027
Conferences and Meetings-$260-$260
Fees for Services Legal-$11-$11
Total Functional Expenses$476,866$70,024$54,957$601,847

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$633,472
Expenses per Audited Statements$601,847
Total Expenses per Form 990$601,847
Expenses Not Reported on Form 990$31,625
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$15,552
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Virtual Benefit 1$75,235-$7,870-
Virtual Benefit 2$61,437-$7,682-
Total Events$136,672-$15,552$-15,552
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
2022-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John P Heybach
Formed
2010
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
10
Employees
16
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, 2021, management has determined that there are no uncertain tax positions.”

Raw XML AppendixShowing 400 of 474 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/BOYAmt037967
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt042881
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 ONE THROUGH EIGHT.
IRS990/AdvertisingGrp/ProgramServicesAmt01838
IRS990/AdvertisingGrp/TotalAmt01838
IRS990/AllOtherContributionsAmt0524199
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JOHN P HEYBACH
IRS990/BooksInCareOfDetail/PhoneNum03123743148
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0751 S SACRAMENTO
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHICAGO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060612
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0182162
IRS990/CashNonInterestBearingGrp/EOYAmt0209143
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt024417
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt036717
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt081757
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0142891
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0260
IRS990/ConferencesMeetingsGrp/TotalAmt0260
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt0136672
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0660871
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0129711
IRS990/CYOtherRevenueAmt0-15552
IRS990/CYProgramServiceRevenueAmt0936
IRS990/CYRevenuesLessExpensesAmt044408
IRS990/CYSalariesCompEmpBnftPaidAmt0472136
IRS990/CYTotalExpensesAmt0601847
IRS990/CYTotalFundraisingExpenseAmt054957
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0646255
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/FundraisingAmt0241
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0241
IRS990/DepreciationDepletionGrp/ProgramServicesAmt03511
IRS990/DepreciationDepletionGrp/TotalAmt03993
IRS990/Desc0ALTUS ACADEMY INAUGURATED ITS FIRST CLASS OF SIXTEEN, 4TH, 5TH AND 6TH GRADERS ON AUGUST 17, 2013. THE ACADEMY HAS EXPANDED TO 60 STUDENTS IN GRADES 1 THROUGH 8 IN THIS THE ACADEMY'S EIGHTH SCHOOL YEAR (FISCAL YEAR ENDED JUNE 30, 2021. 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/DonorRestrictionNetAssetsGrp/BOYAmt018496
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0118756
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt016
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0476866
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt018395
IRS990/FeesForServicesAccountingGrp/TotalAmt018395
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt011
IRS990/FeesForServicesLegalGrp/TotalAmt011
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt019315
IRS990/FeesForServicesOtherGrp/TotalAmt019315
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
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/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
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/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt04124
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt111919
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/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0JOHN P HEYBACH
IRS990/Form990PartVIISectionAGrp/PersonNm1ALFREDO VILLEGAS
IRS990/Form990PartVIISectionAGrp/PersonNm2SEAN HALEY
IRS990/Form990PartVIISectionAGrp/PersonNm3THOMAS J DEE
IRS990/Form990PartVIISectionAGrp/PersonNm4DIANA ARELLANO
IRS990/Form990PartVIISectionAGrp/PersonNm5MICHELENE BAJAKIAN
IRS990/Form990PartVIISectionAGrp/PersonNm6LISA FREEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm7AL KAGAN
IRS990/Form990PartVIISectionAGrp/PersonNm8CAROLINE RILEY-JARAMILLO
IRS990/Form990PartVIISectionAGrp/PersonNm9HERON E RODRIGUEZ
IRS990/Form990PartVIISectionAGrp/PersonNm10FEDERICO SCIAMMARELLA
IRS990/Form990PartVIISectionAGrp/PersonNm11HANK UNDERWOOD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt072266
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt149583
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/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
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/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & FOUNDER
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRMAN OF THE BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02010
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0136672
IRS990/FundraisingDirectExpensesAmt015552
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0661807
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt02066
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01660
IRS990/InformationTechnologyGrp/ProgramServicesAmt014589
IRS990/InformationTechnologyGrp/TotalAmt018315
IRS990/InsuranceGrp/FundraisingAmt0230
IRS990/InsuranceGrp/ManagementAndGeneralAmt02929
IRS990/InsuranceGrp/ProgramServicesAmt01806
IRS990/InsuranceGrp/TotalAmt04965
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt056136
IRS990/LandBldgEquipBasisNetGrp/BOYAmt027374
IRS990/LandBldgEquipBasisNetGrp/EOYAmt028486
IRS990/LandBldgEquipCostOrOtherBssAmt084622
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 ONE THROUGH EIGHT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0103678
IRS990/NetAssetsOrFundBalancesEOYAmt0148086
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-15552
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-15552
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt085182
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt029330
IRS990/NoncashContributionsAmt04500
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt02915
IRS990/OccupancyGrp/ManagementAndGeneralAmt02915
IRS990/OccupancyGrp/ProgramServicesAmt023315
IRS990/OccupancyGrp/TotalAmt029145
IRS990/OfficeExpensesGrp/FundraisingAmt06079
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0797
IRS990/OfficeExpensesGrp/ProgramServicesAmt07574
IRS990/OfficeExpensesGrp/TotalAmt014450
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt032960
IRS990/OtherEmployeeBenefitsGrp/TotalAmt032960
IRS990/OtherExpensesGrp/Desc0CURRICULUM&CLASSROOM MA
IRS990/OtherExpensesGrp/Desc1OTHER
IRS990/OtherExpensesGrp/Desc2STUDENT SERVICES
IRS990/OtherExpensesGrp/FundraisingAmt0-500
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03217
IRS990/OtherExpensesGrp/ProgramServicesAmt015079
IRS990/OtherExpensesGrp/ProgramServicesAmt1201
IRS990/OtherExpensesGrp/ProgramServicesAmt21027
IRS990/OtherExpensesGrp/TotalAmt015079
IRS990/OtherExpensesGrp/TotalAmt12918
IRS990/OtherExpensesGrp/TotalAmt21027
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt016371
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0330
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0246955
IRS990/OtherSalariesAndWagesGrp/TotalAmt0263656
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03138
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02552
IRS990/PayrollTaxesGrp/ProgramServicesAmt025380
IRS990/PayrollTaxesGrp/TotalAmt031070
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01559
IRS990/PensionPlanContributionsGrp/TotalAmt01559
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0421
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0100421
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011988
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06989
IRS990/PrincipalOfficerNm0JOHN P HEYBACH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0936
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0936
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0253447
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0139662
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01080
IRS990/PYRevenuesLessExpensesAmt0-298938
IRS990/PYSalariesCompEmpBnftPaidAmt0413803
IRS990/PYTotalExpensesAmt0553465
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0254527
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt044408
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0936
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0656371
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0253447
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0751696
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0555201
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0486498
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02703213
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt09610
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.52870
IRS990ScheduleA/PublicSupportPY170Pct00.44970
IRS990ScheduleA/PublicSupportTotal170Amt01429079
IRS990ScheduleA/SubstantialContributorsTotAmt01274134
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0656371
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0253447
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0751696
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0555201
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0486498
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02703213
IRS990ScheduleA/TotalSupportAmt02703213
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/DonatedServicesAndUseFcltsAmt031625
IRS990ScheduleD/DonatedServicesUseFcltsAmt031625
IRS990ScheduleD/EquipmentGrp/BookValueAmt0461
IRS990ScheduleD/EquipmentGrp/DepreciationAmt035295
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt035756
IRS990ScheduleD/ExpensesNotReportedAmt031625
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0601847
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt021484
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0741
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt022225
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06541
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt020100
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt026641
IRS990ScheduleD/RevenueNotReportedAmt031625
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0646255
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, 2021, MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt028486
IRS990ScheduleD/TotalExpensesPerForm990Amt0601847
IRS990ScheduleD/TotalRevenuePerForm990Amt0646255
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0677880
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0633472
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0136672
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt075235
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt061437
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt015552
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0VIRTUAL BENEFIT 1
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0VIRTUAL BENEFIT 2
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt075235
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt061437
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0136672
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-15552
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt015552
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt07870
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt07682
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/TotalAssetsBOYAmt0221945
IRS990/TotalAssetsEOYAmt0345039
IRS990/TotalAssetsGrp/BOYAmt0221945

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$345,039
Liabilities
$196,953
Net assets
$148,086
Revenue
$646,255
Expenses
$601,847
Net income
$44,408
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