Civic Intelligence

Altus Academy

990 • Fiscal year 2024 • EIN 27-4259966

Jul 01, 2023 to Jun 30, 2024 • Filed on May 14, 2025

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

69th percentile

0.10x

Higher debt load relative to assets than 69% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

75th percentile

0.15x

Higher debt load relative to revenue than 75% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

5th percentile

-58%

Higher net margin than 5% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$88,926

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 16.9% of source-year revenue.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

8th percentile

-27%

Faster asset growth than 8% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

6th percentile

-48%

Faster revenue growth than 6% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets69th percentile

Assets

Down

$797,638

Down $297,721 (-27%) from 2023

Net Assets

Down

$717,152

Down $303,919 (-30%) from 2023

Liabilities

Up

$80,486

Up $6,198 (+8.3%) from 2023

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin5th percentile

Revenue

Down

$527,716

Down $493,848 (-48%) from 2023

Expenses

Up

$831,635

Up $109,141 (+15%) from 2023

Net Income

Down

-$303,919

Down $602,989 (-202%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth8th 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

2024

Assets$797,638
Liabilities$80,486
Net Assets$717,152
Open 2024 Filing

Operations Trend

Revenue Growth6th 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

2024

Revenue$527,716
Expenses$831,635
Net Income-$303,919
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$579,842
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
Land, Buildings, and Equipment, Net$439,923$484,352▲ $44,429
Pledges and Grants Receivable$300,000$150,000▼ $150,000
Cash and Non-Interest-Bearing Accounts$347,289$149,926▼ $197,363
Prepaid Expenses and Deferred Charges$8,147$13,360▲ $5,213
Total Assets$1,095,359$797,638▼ $297,721
Liabilities
Accounts Payable and Accrued Expenses$74,288$80,486▲ $6,198
Total Liabilities$74,288$80,486▲ $6,198
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$516,537$419,483▼ $97,054
Net Assets With Donor Restrictions$504,534$297,669▼ $206,865
Total Net Assets Fund Balance$1,021,071$717,152▼ $303,919
Total Liabilities and Net Assets / Fund Balance$1,095,359$797,638▼ $297,721

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$458,885$31,290$490,175
Equipment$2,317$60,080$62,397
Land$22,500-$22,500
Other Land Buildings$650-$650
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alfredo VillegasPrincipalFT$72,426$16,500$88,926
John P HeybachPresident & Founder, SecreFT$31,171$3,200$34,371

Board Members and Trustees

NameTitle
Sean HaleyChair of the Board
Al KaganDirector
Federico SciammarellaDirector
Heron E RodriguezDirector
Lisa FreemanDirector
Michelene BajakianDirector
Thomas J DeeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$539,559
Program Service Revenue
$2,703
Investment Income
$190
Other Revenue
$-14,736
All Other Contributions
$424,799
Change in Net Assets
$-303,919

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded60$25,410Fair Market Value (FMV)
Total Noncash Contributions60$25,410-

Audited Revenue Reconciliation

Revenue per Audited Statements
$527,716
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$94,749
Total Revenue per Audited Statements
$622,465
Total Revenue per Form 990
$527,716
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$588,528
Other Expenses$243,107
Total Fundraising Expense$77,213
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$362,528-$26,690$389,218
Current Officers, Directors, Trustees, and Key Employees$84,455$15,714$20,535$120,704
Occupancy$68,685$8,585$8,585$85,855
Payroll Taxes$32,178$1,829$4,030$38,037
Other Employee Benefits$37,009--$37,009
Fees for Services Other$26,395--$26,395
Fees for Services Accounting-$24,023-$24,023
Depreciation Depletion$18,242$2,280$2,280$22,802
Information Technology$14,693$1,836$1,836$18,365
Office Expenses$9,100$833$4,565$14,498
Insurance$3,542$108$359$4,009
Pension Plan Contributions$3,560--$3,560
Conferences and Meetings$2,413-$58$2,471
Advertising$1,930--$1,930
Other Expenses$1,418$850$8,275$1,418
Interest-$90-$90
Fees for Services Legal-$17-$17
Total Functional Expenses$698,257$56,165$77,213$831,635

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$926,384
Expenses per Audited Statements$831,635
Total Expenses per Form 990$831,635
Expenses Not Reported on Form 990$94,749
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$52,126
Fundraising Gross Income$37,390
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual April Gala$152,150$37,390$8,928$28,462
Total Events$152,150$37,390$52,126$-14,736
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, chair 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
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John P Heybach
Formed
2010
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
7
Employees
18
Volunteers
75

Preparer

Firm
Wsdd Cpas Ltd
Address
303 W MADISON ST SUITE 2075, CHICAGO, IL 60606-3395
Preparer
WILLIAM J O'HARA
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. The academy is no longer subject to u.s. Federal and state examinations by tax authorities for years before june 30, 2021. As of and for the year ended june 30, 2024, management has determined that there are no uncertain tax positions.”

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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 72 STUDENTS IN GRADES 1 THROUGH 8 IN THIS THE ACADEMY'S TENTH YEAR (FISCAL YEAR ENDED JUNE 30, 2024).
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IRS990/NoncashContributionsAmt025410
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt08585
IRS990/OccupancyGrp/ManagementAndGeneralAmt08585
IRS990/OccupancyGrp/ProgramServicesAmt068685
IRS990/OccupancyGrp/TotalAmt085855
IRS990/OfficeExpensesGrp/FundraisingAmt04565
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0833
IRS990/OfficeExpensesGrp/ProgramServicesAmt09100
IRS990/OfficeExpensesGrp/TotalAmt014498
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt037009
IRS990/OtherEmployeeBenefitsGrp/TotalAmt037009
IRS990/OtherExpensesGrp/Desc0CURRICULUM & CLASSROOM
IRS990/OtherExpensesGrp/Desc1OTHER
IRS990/OtherExpensesGrp/Desc2STUDENT SERVICES
IRS990/OtherExpensesGrp/Desc3UNIFORMS
IRS990/OtherExpensesGrp/FundraisingAmt08275
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0850
IRS990/OtherExpensesGrp/ProgramServicesAmt024921
IRS990/OtherExpensesGrp/ProgramServicesAmt13139
IRS990/OtherExpensesGrp/ProgramServicesAmt24049
IRS990/OtherExpensesGrp/ProgramServicesAmt31418
IRS990/OtherExpensesGrp/TotalAmt024921
IRS990/OtherExpensesGrp/TotalAmt112264
IRS990/OtherExpensesGrp/TotalAmt24049
IRS990/OtherExpensesGrp/TotalAmt31418
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt026690
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0362528
IRS990/OtherSalariesAndWagesGrp/TotalAmt0389218
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt04030
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01829
IRS990/PayrollTaxesGrp/ProgramServicesAmt032178
IRS990/PayrollTaxesGrp/TotalAmt038037
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03560
IRS990/PensionPlanContributionsGrp/TotalAmt03560
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0300000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0150000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08147
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013360
IRS990/PrincipalOfficerNm0JOHN P HEYBACH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02703
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02703
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01050071
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0184051
IRS990/PYOtherRevenueAmt0-30766
IRS990/PYProgramServiceRevenueAmt02259
IRS990/PYRevenuesLessExpensesAmt0299070
IRS990/PYSalariesCompEmpBnftPaidAmt0538443
IRS990/PYTotalExpensesAmt0722494
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01021564
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-303919
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02703
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0539559
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01050071
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01214756
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0656371
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0253447
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03714204
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt09061
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.71740
IRS990ScheduleA/PublicSupportPY170Pct00.64610
IRS990ScheduleA/PublicSupportTotal170Amt02664491
IRS990ScheduleA/SubstantialContributorsTotAmt01049713
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0539559
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01050071
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01214756
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0656371
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0253447
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03714204
IRS990ScheduleA/TotalSupportAmt03714204
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/BuildingsGrp/BookValueAmt0458885
IRS990ScheduleD/BuildingsGrp/DepreciationAmt031290
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0490175
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt094749
IRS990ScheduleD/DonatedServicesUseFcltsAmt094749
IRS990ScheduleD/EquipmentGrp/BookValueAmt02317
IRS990ScheduleD/EquipmentGrp/DepreciationAmt060080
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt062397
IRS990ScheduleD/ExpensesNotReportedAmt094749
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0831635
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt022500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt022500
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0650
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0650
IRS990ScheduleD/RevenueNotReportedAmt094749
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0527716
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. THE ACADEMY IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE JUNE 30, 2021. AS OF AND FOR THE YEAR ENDED JUNE 30, 2024, MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0484352
IRS990ScheduleD/TotalExpensesPerForm990Amt0831635
IRS990ScheduleD/TotalRevenuePerForm990Amt0527716
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0622465
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0926384
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0114760
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0114760
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt052126
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL APRIL GALA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt029201
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt029201
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0152150
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0152150
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt037390
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt037390
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-14736
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt08928
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt08928
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt013997
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt013997
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt060
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt025410
IRS990ScheduleM/ThirdPartiesUsedInd00
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, CHAIR 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/TotalAssetsBOYAmt01095359
IRS990/TotalAssetsEOYAmt0797638
IRS990/TotalAssetsGrp/BOYAmt01095359
IRS990/TotalAssetsGrp/EOYAmt0797638
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0539559
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt077213
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt056165
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0698257

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$797,638
Liabilities
$80,486
Net assets
$717,152
Revenue
$527,716
Expenses
$831,635
Net income
-$303,919
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