Civic Intelligence

Midwest Principals Center Inc

EIN 32-0174432 • 501(c)3 • Hoffman Estates, IL

Profile

The Organization exists to help principals lead effective schools by enriching their leadership, affiliation, and knowledge.

2815 Forbs Ave 107Hoffman Estates, IL 60192

www.midwestprincipalscenter.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

65th percentile

0.08x

Higher debt load relative to assets than 65% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

70th percentile

0.11x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

33rd percentile

-3.5%

Higher net margin than 33% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

87th percentile

$25,000

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 15.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

40th percentile

-0.0%

Faster asset growth than 40% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

29th percentile

-5.4%

Faster revenue growth than 29% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Down

$347,583

Down $54,282 (-14%) from 2023

Liabilities

Up

$42,387

Up $1,654 (+4.1%) from 2023

Net Assets

Down

$305,196

Down $55,936 (-15%) from 2023

Revenue

Up

$276,507

Up $25,934 (+10%) from 2023

Expenses

Down

$332,443

Down $20,313 (-5.8%) from 2023

Net Income

Up

-$55,936

Up $46,247 (+45%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2014: $178,216Liabilities 2014: $6,308Net Assets 2014: $171,9082014Assets 2015: $184,528Liabilities 2015: $38,641Net Assets 2015: $145,8872015Assets 2016: $146,458Liabilities 2016: $49,311Net Assets 2016: $97,1472016Assets 2017: $150,568Liabilities 2017: $63,559Net Assets 2017: $87,0092017Assets 2018: $203,938Liabilities 2018: $57,544Net Assets 2018: $146,3942018Assets 2019: $323,388Liabilities 2019: $13,854Net Assets 2019: $309,5342019Assets 2020: $426,940Liabilities 2020: $75,641Net Assets 2020: $351,2992020Assets 2021: $504,954Liabilities 2021: $28,035Net Assets 2021: $476,9192021Assets 2022: $504,855Liabilities 2022: $41,540Net Assets 2022: $463,3152022Assets 2023: $401,865Liabilities 2023: $40,733Net Assets 2023: $361,1322023Assets 2024: $347,583Liabilities 2024: $42,387Net Assets 2024: $305,1962024

Highlighted filing

2024

Assets$347,583
Liabilities$42,387
Net Assets$305,196

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2014: $166,300Expenses 2014: $180,103Net Income 2014: -$13,8032014Revenue 2015: $167,012Expenses 2015: $196,113Net Income 2015: -$29,1012015Revenue 2016: $187,395Expenses 2016: $236,135Net Income 2016: -$48,7402016Revenue 2017: $263,027Expenses 2017: $273,165Net Income 2017: -$10,1382017Revenue 2018: $340,452Expenses 2018: $281,067Net Income 2018: $59,3852018Revenue 2019: $519,479Expenses 2019: $356,339Net Income 2019: $163,1402019Revenue 2020: $341,697Expenses 2020: $299,932Net Income 2020: $41,7652020Revenue 2021: $413,354Expenses 2021: $287,734Net Income 2021: $125,6202021Revenue 2022: $391,010Expenses 2022: $404,614Net Income 2022: -$13,6042022Revenue 2023: $250,573Expenses 2023: $352,756Net Income 2023: -$102,1832023Revenue 2024: $276,507Expenses 2024: $332,443Net Income 2024: -$55,9362024

Highlighted filing

2024

Revenue$276,507
Expenses$332,443
Net Income-$55,936

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 15, 2025
Return Version
2023v6.0
Gross Receipts
$276,507
Mission and Program Overview

Mission

Provide professional development opportunities for school leaders. The mission is to help principals lead effective schools by enriching their leadership, affiliation, and knowledge.

The Organization exists to help principals lead effective schools by enriching their leadership, affiliation, and knowledge.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$392,597$338,682▼ $53,915
Prepaid Expenses and Deferred Charges$5,492$5,492→ $0
Land, Buildings, and Equipment, Net$1,499$1,132▼ $367
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$401,865$347,583▼ $54,282
Other Assets Total$2,277$2,277→ $0
Liabilities
Deferred Revenue$27,990$27,990→ $0
Accounts Payable and Accrued Expenses$12,741$14,396▲ $1,655
Other Liabilities$2$1▼ $1
Total Liabilities$40,733$42,387▲ $1,654
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$361,132$305,196▼ $55,936
Total Net Assets Fund Balance$361,132$305,196▼ $55,936
Total Liabilities and Net Assets / Fund Balance$401,865$347,583▼ $54,282

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,132$8,878$10,010
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Larry HydeCo-directorPT$47,532$47,532
Denise WelterCo-directorPT$47,532$47,532
Tresie CurcioExec AsstPT$40,950$40,950

Board Members and Trustees

NameTitle
Eileen HartPresident
Scott CarlsonVice President
Akemi SesslerDirector
Alan ButtimerDirector
Wesley GosselinkDirector
Judy FloeterSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$100
Program Service Revenue
$270,052
Investment Income
$6,294
Other Revenue
$61
All Other Contributions
$100
Change in Net Assets
$-55,936
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$186,024
Salaries, Compensation, and Employee Benefits$146,419
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$115,612$20,402-$136,014
Fees for Services Other$80,708--$80,708
Office Expenses$13,156$13,157-$26,313
Occupancy$10,562$10,561-$21,123
Payroll Taxes$8,844$1,561-$10,405
Insurance$2,049$2,048-$4,097
Travel$1,389--$1,389
Fees for Services Accounting-$1,270-$1,270
Other Expenses$525$524-$1,049
Depreciation Depletion$184$183-$367
All Other Expenses$-2--$-2
Total Functional Expenses$280,667$51,776$0$332,443
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form is prepared by an outside cpa with assistance from co-director. The draft is then emailed to the executive board for comments and changes. Required changes are made by the cpa and a revised draft is submitted for approval by co-director before filing.

Form 990, Part VI, Section B, Line 15A

Compensation of all employees discussed and approved by board.

Form 990, Part VI, Section C, Line 19

Available at office and upon request. Website also provides most information.

Filing and Contact Details

Filer

Filer Name
Midwest Principals Center Inc
EIN
32-0174432
Phone
6304075775
Address
2815 FORBS AVE 107, HOFFMAN ESTATES, IL 60192

Signing Officer

Name
Larry Hyde
Title
Co-director
Signed
2025-04-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry Hyde
Formed
2012
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
3
Volunteers
15

Preparer

Firm
Wieland Wallace Inc
Address
232 S Batavia Avenue, Batavia, IL 60510
Preparer
Lindsay a Wallace
Phone
6304064490
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IRS990/PayrollTaxesGrp/TotalAmt010405
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05492
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05492
IRS990/PrincipalOfficerNm0LARRY HYDE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0REGISTRATION FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0270052
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0270052
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0206946
IRS990/PYProgramServiceRevenueAmt0250573
IRS990/PYRevenuesLessExpensesAmt0-102183
IRS990/PYSalariesCompEmpBnftPaidAmt0145810
IRS990/PYTotalExpensesAmt0352756
IRS990/PYTotalRevenueAmt0250573
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-55936
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0276407
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0100
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0100
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt06294
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt077
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt06371
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0270052
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0250573
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0390933
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0413354
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0341697
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01666609
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt06294
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt077
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt06371
IRS990ScheduleA/InvestmentIncomeCYPct00.00380
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt061
IRS990ScheduleA/OtherIncome509Grp/TotalAmt061
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99620
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt01666709
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0270152
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0250573
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0390933
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0413354
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0341697
IRS990ScheduleA/Total509Grp/TotalAmt01666709
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0276507
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0250573
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0391010
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0413354
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0341697
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01673141
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01132
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08878
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt010010
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Rounding
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01132
IRS990ScheduleD/TotalLiabilityAmt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM IS PREPARED BY AN OUTSIDE CPA WITH ASSISTANCE FROM CO-DIRECTOR. THE DRAFT IS THEN EMAILED TO THE EXECUTIVE BOARD FOR COMMENTS AND CHANGES. REQUIRED CHANGES ARE MADE BY THE CPA AND A REVISED DRAFT IS SUBMITTED FOR APPROVAL BY CO-DIRECTOR BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPENSATION OF ALL EMPLOYEES DISCUSSED AND APPROVED BY BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE AT OFFICE AND UPON REQUEST. WEBSITE ALSO PROVIDES MOST INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0401865
IRS990/TotalAssetsEOYAmt0347583
IRS990/TotalAssetsGrp/BOYAmt0401865
IRS990/TotalAssetsGrp/EOYAmt0347583
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0100
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt051776
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0280667
IRS990/TotalFunctionalExpensesGrp/TotalAmt0332443
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt040733
IRS990/TotalLiabilitiesEOYAmt042387
IRS990/TotalLiabilitiesGrp/BOYAmt040733
IRS990/TotalLiabilitiesGrp/EOYAmt042387
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0361132
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0305196
IRS990/TotalProgramServiceExpensesAmt0280667
IRS990/TotalProgramServiceRevenueAmt0270052
IRS990/TotalReportableCompFromOrgAmt0136014
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0276407
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0276507
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0401865
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0347583

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