Civic Intelligence

Altus Academy

990 • Fiscal year 2022 • EIN 27-4259966

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

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

64th percentile

0.16x

Higher debt load relative to assets than 64% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

56th percentile

0.11x

Higher debt load relative to revenue than 56% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

89th percentile

48%

Higher net margin than 89% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

59th percentile

$79,120

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

96th percentile

149%

Faster asset growth than 96% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

89th percentile

84%

Faster revenue growth than 89% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets64th percentile

Assets

Up

$858,191

Up $513,152 (+149%) from 2021

Net Assets

Up

$722,001

Up $573,915 (+388%) from 2021

Liabilities

Down

$136,190

Down $60,763 (-31%) from 2021

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin89th percentile

Revenue

Up

$1,192,202

Up $545,947 (+84%) from 2021

Expenses

Up

$618,287

Up $16,440 (+2.7%) from 2021

Net Income

Up

$573,915

Up $529,507 (+1192%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth96th 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

2022

Assets$858,191
Liabilities$136,190
Net Assets$722,001
Open 2022 Filing

Operations Trend

Revenue Growth89th 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

2022

Revenue$1,192,202
Expenses$618,287
Net Income$573,915
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.2
Gross Receipts
$1,228,739
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$209,143$826,911▲ $617,768
Pledges and Grants Receivable$100,421--
Land, Buildings, and Equipment, Net$28,486$25,240▼ $3,246
Prepaid Expenses and Deferred Charges$6,989$6,040▼ $949
Total Assets$345,039$858,191▲ $513,152
Liabilities
Unsecured Notes Loans Payable$154,072$73,772▼ $80,300
Accounts Payable and Accrued Expenses$42,881$62,418▲ $19,537
Total Liabilities$196,953$136,190▼ $60,763
Net Assets / Fund Balance
Net Assets With Donor Restrictions$118,756$586,458▲ $467,702
Net Assets Without Donor Restrictions$29,330$135,543▲ $106,213
Total Net Assets Fund Balance$148,086$722,001▲ $573,915
Total Liabilities and Net Assets / Fund Balance$345,039$858,191▲ $513,152

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$59$35,697$35,756
Other Land Buildings$5,178$21,463$26,641
Leasehold Improvements$20,003$2,222$22,225
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
John P HeybachPresident & FounderFT$75,000$4,120$79,120
Alfredo VillegasPrincipalFT$60,000$14,836$74,836

Board Members and Trustees

NameTitle
Sean HaleyChairman of the Board
Al KaganDirector
Federico SciammarellaDirector
Hank UnderwoodDirector
Heron E RodriguezDirector
Lisa FreemanDirector
Michelene BajakianDirector
Ross ArenaDirector
Thomas J DeeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,214,756
Program Service Revenue
$2,083
Investment Income
$0
Other Revenue
$-24,637
All Other Contributions
$1,068,911
Change in Net Assets
$573,915

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,192,202
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$34,625
Total Revenue per Audited Statements
$1,226,827
Total Revenue per Form 990
$1,192,202
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$487,251
Other Expenses$131,036
Total Fundraising Expense$59,969
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$253,728$2,533$19,601$275,862
Current Officers, Directors, Trustees, and Key Employees$105,759$21,919$23,365$151,043
Occupancy$33,825$4,229$4,229$42,283
Payroll Taxes$27,149$1,847$3,245$32,241
Other Employee Benefits$20,490$1,394$2,449$24,333
Fees for Services Accounting-$23,364-$23,364
Information Technology$12,655$1,583$1,989$16,227
Office Expenses$7,522$1,258$4,183$12,963
Insurance$2,042$3,305$244$5,591
Pension Plan Contributions$3,176$216$380$3,772
Depreciation Depletion$2,677$284$284$3,245
Conferences and Meetings-$879-$879
Other Expenses$854$3,838-$854
Advertising$163--$163
Fees for Services Legal-$14-$14
Total Functional Expenses$491,655$66,663$59,969$618,287

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$652,912
Expenses per Audited Statements$618,287
Total Expenses per Form 990$618,287
Expenses Not Reported on Form 990$34,625
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$36,537
Fundraising Gross Income$11,900
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual April Gala$80,710$11,900$36,537$-24,637
Total Events$80,710$11,900$36,537$-24,637
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
2023-05-15
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
14
Volunteers
75

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, 2022, management has determined that there are no uncertain tax positions.”

Raw XML AppendixShowing 400 of 467 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/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.
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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 NINTH SCHOOL YEAR (FISCAL YEAR ENDED JUNE 30, 2022. 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/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/NetAssetsOrFundBalancesBOYAmt0148086
IRS990/NetAssetsOrFundBalancesEOYAmt0722001
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-24637
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-24637
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt029330
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0135543
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt04229
IRS990/OccupancyGrp/ManagementAndGeneralAmt04229
IRS990/OccupancyGrp/ProgramServicesAmt033825
IRS990/OccupancyGrp/TotalAmt042283
IRS990/OfficeExpensesGrp/FundraisingAmt04183
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01258
IRS990/OfficeExpensesGrp/ProgramServicesAmt07522
IRS990/OfficeExpensesGrp/TotalAmt012963
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02449
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01394
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt020490
IRS990/OtherEmployeeBenefitsGrp/TotalAmt024333
IRS990/OtherExpensesGrp/Desc0CURRICULUM&CLASSROOM MA
IRS990/OtherExpensesGrp/Desc1OTHER
IRS990/OtherExpensesGrp/Desc2UNIFORMS
IRS990/OtherExpensesGrp/Desc3STUDENT SERVICES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03838
IRS990/OtherExpensesGrp/ProgramServicesAmt019086
IRS990/OtherExpensesGrp/ProgramServicesAmt12529
IRS990/OtherExpensesGrp/ProgramServicesAmt2854
IRS990/OtherExpensesGrp/TotalAmt019086
IRS990/OtherExpensesGrp/TotalAmt13838
IRS990/OtherExpensesGrp/TotalAmt22529
IRS990/OtherExpensesGrp/TotalAmt3854
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt019601
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt02533
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0253728
IRS990/OtherSalariesAndWagesGrp/TotalAmt0275862
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03245
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01847
IRS990/PayrollTaxesGrp/ProgramServicesAmt027149
IRS990/PayrollTaxesGrp/TotalAmt032241
IRS990/PensionPlanContributionsGrp/FundraisingAmt0380
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0216
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03176
IRS990/PensionPlanContributionsGrp/TotalAmt03772
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0100421
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06989
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06040
IRS990/PrincipalOfficerNm0JOHN P HEYBACH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02083
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02083
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0660871
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0129711
IRS990/PYOtherRevenueAmt0-15552
IRS990/PYProgramServiceRevenueAmt0936
IRS990/PYRevenuesLessExpensesAmt044408
IRS990/PYSalariesCompEmpBnftPaidAmt0472136
IRS990/PYTotalExpensesAmt0601847
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0646255
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0573915
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02083
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01214756
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0656371
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0253447
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0751696
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0555201
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03431471
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt08101
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.64600
IRS990ScheduleA/PublicSupportPY170Pct00.52870
IRS990ScheduleA/PublicSupportTotal170Amt02216652
IRS990ScheduleA/SubstantialContributorsTotAmt01214819
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01214756
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0656371
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0253447
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0751696
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0555201
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03431471
IRS990ScheduleA/TotalSupportAmt03431471
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/DonatedServicesAndUseFcltsAmt034625
IRS990ScheduleD/DonatedServicesUseFcltsAmt034625
IRS990ScheduleD/EquipmentGrp/BookValueAmt059
IRS990ScheduleD/EquipmentGrp/DepreciationAmt035697
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt035756
IRS990ScheduleD/ExpensesNotReportedAmt034625
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0618287
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt020003
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02222
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt022225
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05178
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt021463
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt026641
IRS990ScheduleD/RevenueNotReportedAmt034625
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01192202
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, 2022, MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt025240
IRS990ScheduleD/TotalExpensesPerForm990Amt0618287
IRS990ScheduleD/TotalRevenuePerForm990Amt01192202
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01226827
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0652912
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt068810
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt068810
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt036537
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL APRIL GALA
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt080710
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt080710
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt011900
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt011900
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-24637
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt036537
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt036537
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/TotalAssetsBOYAmt0345039
IRS990/TotalAssetsEOYAmt0858191
IRS990/TotalAssetsGrp/BOYAmt0345039
IRS990/TotalAssetsGrp/EOYAmt0858191
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01214756
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt059969
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt066663
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0491655

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$858,191
Liabilities
$136,190
Net assets
$722,001
Revenue
$1,192,202
Expenses
$618,287
Net income
$573,915
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