Civic Intelligence

Morgan Park Academy

990 • Fiscal year 2015 • EIN 36-1502650

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 02, 2015

Organization ProfileWWW.MORGANPARKACADEMY.ORG
2153 West 111th StreetChicago, IL 60643

(773) 881-6700

Siviq Scores

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

Liabilities / Assets

80th percentile

0.63x

Higher debt load relative to assets than 80% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

72nd percentile

0.56x

Higher debt load relative to revenue than 72% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

34th percentile

-0.8%

Higher net margin than 34% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

75th percentile

$192,150

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

53rd percentile

1.3%

Faster asset growth than 53% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

28th percentile

-4.3%

Faster revenue growth than 28% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$7,208,701

Up $95,314 (+1.3%) from 2014

Net Assets

Down

$2,661,278

Down $63,789 (-2.3%) from 2014

Liabilities

Up

$4,547,423

Up $159,103 (+3.6%) from 2014

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin34th percentile

Revenue

Down

$8,124,180

Down $363,160 (-4.3%) from 2014

Expenses

Down

$8,187,846

Down $427,895 (-5.0%) from 2014

Net Income

Up

-$63,666

Up $64,735 (+50%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth53rd 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

2015

Assets$7,208,701
Liabilities$4,547,423
Net Assets$2,661,278
Open 2015 Filing

Operations Trend

Revenue Growth28th percentile

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

2015

Revenue$8,124,180
Expenses$8,187,846
Net Income-$63,666
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 2, 2015
Return Version
2014v5.0
Gross Receipts
$8,181,864
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$6,074,932$6,054,758▼ $20,174
Cash and Non-Interest-Bearing Accounts$503,375$487,427▼ $15,948
Accounts Receivable$406,755$352,358▼ $54,397
Pledges and Grants Receivable$0$150,000▲ $150,000
Prepaid Expenses and Deferred Charges$40,899$100,837▲ $59,938
Inventories for Sale or Use$15,073$15,073→ $0
Investments in Publicly Traded Securities$3,124$2,966▼ $158
Savings and Temporary Cash Investments$23,167$2,007▼ $21,160
Total Assets$7,113,387$7,208,701▲ $95,314
Other Assets Total$46,062$43,275▼ $2,787
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,163,135$3,149,887▼ $13,248
Deferred Revenue$620,603$992,114▲ $371,511
Accounts Payable and Accrued Expenses$497,974$378,084▼ $119,890
Other Liabilities$106,608$27,338▼ $79,270
Total Liabilities$4,388,320$4,547,423▲ $159,103
Net Assets / Fund Balance
Unrestricted Net Assets$2,688,966$2,551,207▼ $137,759
Temporarily Rstr Net Assets$36,101$110,071▲ $73,970
Total Net Assets Fund Balance$2,725,067$2,661,278▼ $63,789
Total Liabilities and Net Assets / Fund Balance$7,113,387$7,208,701▲ $95,314

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,769,956$2,008,682$6,778,638
Equipment$187,088$2,095,504$2,282,592
Land$676,996-$676,996
Leasehold Improvements$362,905$291,063$653,968
Other Land Buildings$57,813$409,217$467,030
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Catherine RaaflaubFormer Head of School-$183,000$9,150$192,150
Mercedes SheppardHead of SchoolFT$173,575$10,704$184,279

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$583,761
Program Service Revenue
$7,453,198
Investment Income
$132
Other Revenue
$87,089
All Other Contributions
$444,500
Change in Net Assets
$-63,666

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,818,276
Revenue Not Reported on Financial Statements
$1,305,904
Revenue Not Reported on Form 990
$44,483
Other Revenue Adjustments
$1,305,904
Total Revenue per Audited Statements
$6,862,759
Total Revenue per Form 990
$8,124,180
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,890,886
Other Expenses$1,991,056
Grants and Similar Amounts Paid$1,305,904
Total Fundraising Expense$227,334
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,193,646$427,845$36,055$3,657,546
Grants to Domestic Individuals$1,305,904--$1,305,904
Other Employee Benefits$334,401$88,019$21,087$443,507
Occupancy$356,317$30,984-$387,301
Payroll Taxes$285,887$76,236$19,059$381,182
Depreciation Depletion$281,525--$281,525
All Other Expenses$211,583$10,973$13,402$235,958
Interest$199,580--$199,580
Comp Disqual Persons-$192,150-$192,150
Current Officers, Directors, Trustees, and Key Employees$65,043$60,269$58,967$184,279
Fees for Services Other$149,867--$149,867
Insurance-$102,820-$102,820
Office Expenses$97,596--$97,596
Other Expenses$72,267-$77,153$72,267
Information Technology$52,222--$52,222
Pension Plan Contributions$24,167$6,444$1,611$32,222
Advertising$29,952$1,576-$31,528
Total Functional Expenses$6,963,196$997,316$227,334$8,187,846

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$8,187,846
Total Expenses per Audited Statements$6,926,548
Expenses per Audited Statements$6,881,942
Expenses Not Reported on Financial Statements$1,305,904
Other Expense Adjustments$1,305,904
Expenses Not Reported on Form 990$44,606
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$50,656
Fundraising Gross Income$35,935
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$121,808$16,650$9,000$7,650
Golf$40,925$14,670-$14,670
Total Events$175,196$35,935$50,656$-14,721
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$27,338
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

Filer Name
Morgan Park Academy
EIN
36-1502650
Phone
7738816700
Address
2153 WEST 111TH STREET, CHICAGO, IL 60643

Signing Officer

Name
Rajeev Rathi
Title
Board President
Phone
7738816700
Signed
2015-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rajeev Rathi
Formed
1942
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
12
Employees
153
Volunteers
100

Preparer

Firm
DUGAN & LOPATKA CPA'S PC
Address
104 E ROOSEVELT ROAD SUITE 102, WHEATON, IL 60187-5267
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 2011. 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 44,606.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“FINANCIAL AID 1,305,904.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 44,606.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“FINANCIAL AID 1,305,904.”

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IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantAmt01305904
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01305904
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01305904
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt08181864
IRS990/GrossRentsGrp/RealAmt0100574
IRS990/GrossSalesOfInventoryAmt08264
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt052222
IRS990/InformationTechnologyGrp/TotalAmt052222
IRS990/InsuranceGrp/ManagementAndGeneralAmt0102820
IRS990/InsuranceGrp/TotalAmt0102820
IRS990/InterestGrp/ProgramServicesAmt0199580
IRS990/InterestGrp/TotalAmt0199580
IRS990/InventoriesForSaleOrUseGrp/BOYAmt015073
IRS990/InventoriesForSaleOrUseGrp/EOYAmt015073
IRS990/InvestmentIncomeGrp/ExclusionAmt0132
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0132
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt03124
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02966
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04804466
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06074932
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06054758
IRS990/LandBldgEquipCostOrOtherBssAmt010859224
IRS990/LegalDomicileStateCd0IL
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/BOYAmt03163135
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03149887
IRS990/NetAssetsOrFundBalancesBOYAmt02725067
IRS990/NetAssetsOrFundBalancesEOYAmt02661278
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-14721
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-14721
IRS990/NetIncomeOrLossGrp/ExclusionAmt01236
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt01236
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0100574
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0100574
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-123
IRS990/NoncashContributionsAmt019731
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt030984
IRS990/OccupancyGrp/ProgramServicesAmt0356317
IRS990/OccupancyGrp/TotalAmt0387301
IRS990/OfficeExpensesGrp/ProgramServicesAmt097596
IRS990/OfficeExpensesGrp/TotalAmt097596
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt046062
IRS990/OtherAssetsTotalGrp/EOYAmt043275
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt021087
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt088019
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0334401
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0443507
IRS990/OtherExpensesGrp/Desc0SCHOOL BUS TRANSPORTATI
IRS990/OtherExpensesGrp/Desc1INSTRUCTIONAL
IRS990/OtherExpensesGrp/Desc2FUNDRAISING
IRS990/OtherExpensesGrp/Desc3BAD DEBT
IRS990/OtherExpensesGrp/FundraisingAmt077153
IRS990/OtherExpensesGrp/ProgramServicesAmt0208286
IRS990/OtherExpensesGrp/ProgramServicesAmt194953
IRS990/OtherExpensesGrp/ProgramServicesAmt272267
IRS990/OtherExpensesGrp/TotalAmt0208286
IRS990/OtherExpensesGrp/TotalAmt194953
IRS990/OtherExpensesGrp/TotalAmt277153
IRS990/OtherExpensesGrp/TotalAmt372267
IRS990/OtherLiabilitiesGrp/BOYAmt0106608
IRS990/OtherLiabilitiesGrp/EOYAmt027338
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt036055
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0427845
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03193646
IRS990/OtherSalariesAndWagesGrp/TotalAmt03657546
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt019059
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt076236
IRS990/PayrollTaxesGrp/ProgramServicesAmt0285887
IRS990/PayrollTaxesGrp/TotalAmt0381182
IRS990/PensionPlanContributionsGrp/FundraisingAmt01611
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06444
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt024167
IRS990/PensionPlanContributionsGrp/TotalAmt032222
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0150000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt040899
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0100837
IRS990/PrincipalOfficerNm0RAJEEV RATHI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1ACTIVITIES & SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07252061
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1201137
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07252061
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1201137
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ACADEMY RECEIVES DONATED SERVICES FROM PARENTS OF STUDENTS. THE VALUE OF THESE SERVICES CANNOT BE DETERMINED.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0624873
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01305904
IRS990/PYInvestmentIncomeAmt017002
IRS990/PYOtherExpensesAmt02020694
IRS990/PYOtherRevenueAmt0114983
IRS990/PYProgramServiceRevenueAmt07730482
IRS990/PYRevenuesLessExpensesAmt0-128401
IRS990/PYSalariesCompEmpBnftPaidAmt05289143
IRS990/PYTotalExpensesAmt08615741
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08487340
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-63666
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0100574
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07453198
IRS990/SavingsAndTempCashInvstGrp/BOYAmt023167
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02007
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/BookValueAmt04769956
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02008682
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06778638
IRS990ScheduleD/EquipmentGrp/BookValueAmt0187088
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02095504
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02282592
IRS990ScheduleD/ExpensesNotReportedAmt044606
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01305904
IRS990ScheduleD/ExpensesSubtotalAmt06881942
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0676996
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0676996
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0362905
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0291063
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0653968
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-123
IRS990ScheduleD/OtherExpensesIncludedAmt044606
IRS990ScheduleD/OtherExpensesNotIncludedAmt01305904
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt057813
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0409217
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0467030
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt027338
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE
IRS990ScheduleD/OtherRevenueAmt044606
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01305904
IRS990ScheduleD/RevenueNotReportedAmt044483
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01305904
IRS990ScheduleD/RevenueSubtotalAmt06818276
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 2011. THE ACADEMY DOES NOT EXPECT A MATERIAL NET CHANGE IN UNRECOGNIZED TAX BENEFITS IN THE NEXT TWELVE MONTHS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES 44,606.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FINANCIAL AID 1,305,904.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3FUNDRAISING EXPENSES 44,606.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4FINANCIAL AID 1,305,904.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06054758
IRS990ScheduleD/TotalExpensesPerForm990Amt08187846

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,208,701
Liabilities
$4,547,423
Net assets
$2,661,278
Revenue
$8,124,180
Expenses
$8,187,846
Net income
-$63,666
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