Civic Intelligence

Morgan Park Academy

990 • Fiscal year 2014 • EIN 36-1502650

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 18, 2014

Organization ProfileWWW.MORGANPARKACADEMY.ORG
2153 West 111th Street60643

(773) 881-6700

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

79th percentile

0.62x

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

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

71st percentile

0.52x

Higher debt load relative to revenue than 71% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

32nd percentile

-1.5%

Higher net margin than 32% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

85th percentile

$266,579

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

23rd percentile

-3.1%

Faster asset growth than 23% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets79th percentile

Assets

Down

$7,113,387

Down $230,957 (-3.1%) from 2013

Net Assets

Down

$2,725,067

Down $128,198 (-4.5%) from 2013

Liabilities

Down

$4,388,320

Down $102,759 (-2.3%) from 2013

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin32nd percentile

Revenue

$8,487,340

No earlier filing loaded for comparison.

Expenses

Up

$8,615,741

Up $877,728 (+11%) from 2013

Net Income

-$128,401

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2013: $7,344,344Liabilities 2013: $4,491,079Net Assets 2013: $2,853,2652013Assets 2014: $7,113,387Liabilities 2014: $4,388,320Net Assets 2014: $2,725,0672014Assets 2015: $7,208,701Liabilities 2015: $4,547,423Net Assets 2015: $2,661,2782015Assets 2016: $6,824,838Liabilities 2016: $4,320,141Net Assets 2016: $2,504,6972016Assets 2017: $6,489,673Liabilities 2017: $3,747,470Net Assets 2017: $2,742,2032017Assets 2018: $7,718,190Liabilities 2018: $3,893,259Net Assets 2018: $3,824,9312018Assets 2019: $7,594,554Liabilities 2019: $5,051,760Net Assets 2019: $2,542,7942019Assets 2020: $7,408,459Liabilities 2020: $5,125,315Net Assets 2020: $2,283,1442020Assets 2021: $7,400,655Liabilities 2021: $4,462,420Net Assets 2021: $2,938,2352021Assets 2022: $7,353,923Liabilities 2022: $4,339,892Net Assets 2022: $3,014,0312022Assets 2023: $7,415,029Liabilities 2023: $4,056,876Net Assets 2023: $3,358,1532023Assets 2024: $6,687,030Liabilities 2024: $4,028,045Net Assets 2024: $2,658,9852024

Highlighted filing

2014

Assets$7,113,387
Liabilities$4,388,320
Net Assets$2,725,067
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2013: $7,738,0132013Revenue 2014: $8,487,340Expenses 2014: $8,615,741Net Income 2014: -$128,4012014Revenue 2015: $8,124,180Expenses 2015: $8,187,846Net Income 2015: -$63,6662015Revenue 2016: $7,807,999Expenses 2016: $7,964,580Net Income 2016: -$156,5812016Revenue 2017: $8,535,161Expenses 2017: $8,297,655Net Income 2017: $237,5062017Revenue 2018: $9,440,077Expenses 2018: $8,357,349Net Income 2018: $1,082,7282018Revenue 2019: $8,692,433Expenses 2019: $8,682,189Net Income 2019: $10,2442019Revenue 2020: $8,280,637Expenses 2020: $8,535,627Net Income 2020: -$254,9902020Revenue 2021: $9,101,718Expenses 2021: $8,579,966Net Income 2021: $521,7522021Revenue 2022: $9,629,614Expenses 2022: $9,436,714Net Income 2022: $192,9002022Revenue 2023: $10,170,298Expenses 2023: $9,897,947Net Income 2023: $272,3512023Revenue 2024: $10,015,268Expenses 2024: $10,827,102Net Income 2024: -$811,8342024

Highlighted filing

2014

Revenue$8,487,340
Expenses$8,615,741
Net Income-$128,401
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 18, 2014
Return Version
2013v3.0
Gross Receipts
$8,775,709
Mission and Program Overview

Mission

Morgan park academy operates a private independent school for preschool through grade 12

Independent school for pre-school - 12th grade

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,132,942$6,074,932▼ $58,010
Cash and Non-Interest-Bearing Accounts$484,968$503,375▲ $18,407
Accounts Receivable$365,692$406,755▲ $41,063
Prepaid Expenses and Deferred Charges$62,604$40,899▼ $21,705
Savings and Temporary Cash Investments$40,632$23,167▼ $17,465
Inventories for Sale or Use$15,073$15,073→ $0
Investments in Publicly Traded Securities$193,583$3,124▼ $190,459
Total Assets$7,344,344$7,113,387▼ $230,957
Other Assets Total$48,850$46,062▼ $2,788
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,168,194$3,163,135▼ $5,059
Deferred Revenue$698,947$620,603▼ $78,344
Accounts Payable and Accrued Expenses$445,149$497,974▲ $52,825
Other Liabilities$178,789$106,608▼ $72,181
Total Liabilities$4,491,079$4,388,320▼ $102,759
Net Assets / Fund Balance
Unrestricted Net Assets$2,705,414$2,688,966▼ $16,448
Temporarily Rstr Net Assets$147,851$36,101▼ $111,750
Total Net Assets Fund Balance$2,853,265$2,725,067▼ $128,198
Total Liabilities and Net Assets / Fund Balance$7,344,344$7,113,387▼ $230,957

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,905,504$1,873,134$6,778,638
Equipment$206,737$1,988,982$2,195,719
Land$676,996-$676,996
Leasehold Improvements$217,654$261,836$479,490
Other Land Buildings$68,041$398,989$467,030
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Catherine RaaflaubFormer Head of SchoolFT$234,975$31,604$266,579
Mercedes SheppardAssistant Head/interim Head of SchoolFT$113,621$9,731$123,352

Board Members and Trustees

NameTitle
Rajeev RathiBoard President
Colin McfarlandBoard Vice President
Aloysius StonitschBoard Member
Beverly BiggsBoard Member
Carlos SmithBoard Member
David JensenBoard Member
George RibetBoard Member
Imre BoardenBoard Member
Linda KlawitterBoard Member
Lisa Daniel-olimeneBoard Member
Marc SokolBoard Member
Michael HarrisBoard Member
Gene RanieriBoard Secretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$624,873
Program Service Revenue
$7,730,482
Investment Income
$17,002
Other Revenue
$114,983
All Other Contributions
$462,657
Change in Net Assets
$-128,401

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,181,436
Revenue Not Reported on Financial Statements
$1,305,904
Revenue Not Reported on Form 990
$56,032
Other Revenue Adjustments
$1,305,904
Total Revenue per Audited Statements
$7,237,468
Total Revenue per Form 990
$8,487,340
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,289,143
Other Expenses$2,020,694
Grants and Similar Amounts Paid$1,305,904
Total Fundraising Expense$487,194
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,249,356$446,785$163,358$3,859,499
Grants to Domestic Individuals$1,305,904--$1,305,904
Other Employee Benefits$441,388$86,680$39,575$567,643
Payroll Taxes$336,952$71,883$40,434$449,269
Current Officers, Directors, Trustees, and Key Employees$137,240$126,956$125,735$389,931
Occupancy$270,449$21,928-$292,377
Depreciation Depletion$276,957--$276,957
Interest$261,525--$261,525
All Other Expenses$152,094$14,214-$166,308
Office Expenses$140,412-$23,400$163,812
Fees for Services Other$128,032--$128,032
Advertising$100,624$5,296-$105,920
Insurance-$71,418-$71,418
Other Expenses$61,051-$92,639$61,051
Information Technology$59,776--$59,776
Pension Plan Contributions$17,100$3,648$2,053$22,801
Total Functional Expenses$7,279,739$848,808$487,194$8,615,741

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$8,615,741
Total Expenses per Audited Statements$7,365,666
Expenses per Audited Statements$7,309,837
Expenses Not Reported on Financial Statements$1,305,904
Other Expense Adjustments$1,305,904
Expenses Not Reported on Form 990$55,829
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$71,139
Fundraising Gross Income$38,684
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$126,510$23,950$450$23,500
Event 2$51,380$13,854$3,000$10,854
Total Events$200,900$38,684$71,139$-32,455
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease$106,608
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Other officer compensation reviewed
No
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 B, Line 11

“Copy of form 990 is made available upon request. The chief financial officer reviews the return prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The policy calls for officers to disclose potential conflicts annually”

Form 990, Part VI, Section C, Line 19

“All documents are made available upon request”

Filing and Contact Details

Filer

EIN
36-1502650
Phone
7738816700

Signing Officer

Name
Rajeev Rathi
Title
Board President
Phone
7738816700
Signed
2014-11-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rajeev Rathi
Formed
1942
Legal Domicile
Il
Voting Board Members
13
Independent Board Members
13
Employees
151
Volunteers
100

Preparer

Preparer
Mark Schultz
Phone
6306654440
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“No changes were made in the organization's oversight process or selection process during the tax year.”

Financial Statement Notes

PART X, LINE 2:

“The academy files income tax returns in the u.s. Federal jurisdiction and illinois. With few exceptions, the academy is no longer subject to u.s. Federal, state and local, or non-u.s. Income tax examinations by tax authorities for years before 2010. The academy does not expect a material net change in unrecognized tax benefits in the next twelve months.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 55,829.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“FINANCIAL AID 1,305,904.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 55,829.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“FINANCIAL AID 1,305,904.”

Raw XML AppendixShowing 400 of 595 raw XML fields

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IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD PRESIDENT
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IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantAmt01305904
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01305904
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01305904
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0219926
IRS990/GrossReceiptsAmt08775709
IRS990/GrossRentsGrp/RealAmt0148315
IRS990/GrossSalesOfInventoryAmt011397
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt059776
IRS990/InformationTechnologyGrp/TotalAmt059776
IRS990/InsuranceGrp/ManagementAndGeneralAmt071418
IRS990/InsuranceGrp/TotalAmt071418
IRS990/InterestGrp/ProgramServicesAmt0261525
IRS990/InterestGrp/TotalAmt0261525
IRS990/InventoriesForSaleOrUseGrp/BOYAmt015073
IRS990/InventoriesForSaleOrUseGrp/EOYAmt015073
IRS990/InvestmentIncomeGrp/ExclusionAmt02032
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02032
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0193583
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03124
IRS990/IRPDocumentCnt020
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04522941
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06132942
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06074932
IRS990/LandBldgEquipCostOrOtherBssAmt010597873
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0204956
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MORGAN PARK ACADEMY OPERATES A PRIVATE INDEPENDENT SCHOOL FOR PRESCHOOL THROUGH GRADE 12
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03168194
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03163135
IRS990/NetAssetsOrFundBalancesBOYAmt02853265
IRS990/NetAssetsOrFundBalancesEOYAmt02725067
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt014970
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt014970
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-32455
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-32455
IRS990/NetIncomeOrLossGrp/ExclusionAmt0-877
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-877
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0148315
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0148315
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0203
IRS990/NoncashContributionsAmt019732
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt021928
IRS990/OccupancyGrp/ProgramServicesAmt0270449
IRS990/OccupancyGrp/TotalAmt0292377
IRS990/OfficeExpensesGrp/FundraisingAmt023400
IRS990/OfficeExpensesGrp/ProgramServicesAmt0140412
IRS990/OfficeExpensesGrp/TotalAmt0163812
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt048850
IRS990/OtherAssetsTotalGrp/EOYAmt046062
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt039575
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt086680
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0441388
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0567643
IRS990/OtherExpensesGrp/Desc0SCHOOL BUS TRANSPORTATI
IRS990/OtherExpensesGrp/Desc1FUNDRAISING
IRS990/OtherExpensesGrp/Desc2INSTRUCTIONAL
IRS990/OtherExpensesGrp/Desc3CLUB EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt092639
IRS990/OtherExpensesGrp/ProgramServicesAmt0261186
IRS990/OtherExpensesGrp/ProgramServicesAmt179693
IRS990/OtherExpensesGrp/ProgramServicesAmt261051
IRS990/OtherExpensesGrp/TotalAmt0261186
IRS990/OtherExpensesGrp/TotalAmt192639
IRS990/OtherExpensesGrp/TotalAmt279693
IRS990/OtherExpensesGrp/TotalAmt361051
IRS990/OtherLiabilitiesGrp/BOYAmt0178789
IRS990/OtherLiabilitiesGrp/EOYAmt0106608
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0163358
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0446785
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03249356
IRS990/OtherSalariesAndWagesGrp/TotalAmt03859499
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt040434
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt071883
IRS990/PayrollTaxesGrp/ProgramServicesAmt0336952
IRS990/PayrollTaxesGrp/TotalAmt0449269
IRS990/PensionPlanContributionsGrp/FundraisingAmt02053
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03648
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt017100
IRS990/PensionPlanContributionsGrp/TotalAmt022801
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt062604
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt040899
IRS990/PrincipalOfficerNm0RAJEEV RATHI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1ACTIVITIES & SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07353894
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1376588
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07353894
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1376588
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ACADEMY RECEIVES DONATED SERVICES FROM PARENTS OF STUDENTS. THE VALUE OF THESE SERVICES CANNOT BE DETERMINED.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0482836
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0902459
IRS990/PYInvestmentIncomeAmt02341
IRS990/PYOtherExpensesAmt01695968
IRS990/PYOtherRevenueAmt075768
IRS990/PYProgramServiceRevenueAmt07181804
IRS990/PYRevenuesLessExpensesAmt04736
IRS990/PYSalariesCompEmpBnftPaidAmt05139586
IRS990/PYTotalExpensesAmt07738013
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07742749
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-128401
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0148315
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07730482
IRS990/SavingsAndTempCashInvstGrp/BOYAmt040632
IRS990/SavingsAndTempCashInvstGrp/EOYAmt023167
IRS990ScheduleA/SchoolInd0X
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/BookValueAmt04905504
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01873134
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06778638
IRS990ScheduleD/EquipmentGrp/BookValueAmt0206737
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01988982
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02195719
IRS990ScheduleD/ExpensesNotReportedAmt055829
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01305904
IRS990ScheduleD/ExpensesSubtotalAmt07309837
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0676996
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0676996
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0217654
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0261836
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0479490
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0203
IRS990ScheduleD/OtherExpensesIncludedAmt055829
IRS990ScheduleD/OtherExpensesNotIncludedAmt01305904
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt068041
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0398989
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0467030
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0106608
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE
IRS990ScheduleD/OtherRevenueAmt055829
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01305904
IRS990ScheduleD/RevenueNotReportedAmt056032
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01305904
IRS990ScheduleD/RevenueSubtotalAmt07181436
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND ILLINOIS. WITH FEW EXCEPTIONS, THE ACADEMY IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL, OR NON-U.S. INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2010. THE ACADEMY DOES NOT EXPECT A MATERIAL NET CHANGE IN UNRECOGNIZED TAX BENEFITS IN THE NEXT TWELVE MONTHS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES 55,829.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FINANCIAL AID 1,305,904.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3FUNDRAISING EXPENSES 55,829.

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,113,387
Liabilities
$4,388,320
Net assets
$2,725,067
Revenue
$8,487,340
Expenses
$8,615,741
Net income
-$128,401
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.69$4.03$2.66$10.0$10.8$0.81
2023Detailed filing. Detailed filing data is available for this year.$7.42$4.06$3.36$10.2$9.90$0.27
2022Detailed filing. Detailed filing data is available for this year.$7.35$4.34$3.01$9.63$9.44$0.19
2021Detailed filing. Detailed filing data is available for this year.$7.40$4.46$2.94$9.10$8.58$0.52
2020Detailed filing. Detailed filing data is available for this year.$7.41$5.13$2.28$8.28$8.54$0.25
2019Detailed filing. Detailed filing data is available for this year.$7.59$5.05$2.54$8.69$8.68$0.01
2018Detailed filing. Detailed filing data is available for this year.$7.72$3.89$3.82$9.44$8.36$1.08
2017Detailed filing. Detailed filing data is available for this year.$6.49$3.75$2.74$8.54$8.30$0.24
2016Detailed filing. Detailed filing data is available for this year.$6.82$4.32$2.50$7.81$7.96$0.16
2015Detailed filing. Detailed filing data is available for this year.$7.21$4.55$2.66$8.12$8.19$0.06
2014Detailed filing. Detailed filing data is available for this year.$7.11$4.39$2.73$8.49$8.62$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.34$4.49$2.85$7.74