Civic Intelligence

Morgan Park Academy

990 • Fiscal year 2016 • EIN 36-1502650

Jul 01, 2015 to Jun 30, 2016 • Filed on Mar 08, 2017

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.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

72nd percentile

0.55x

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

33rd percentile

-2.0%

Higher net margin than 33% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

69th percentile

$168,000

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

18th percentile

-5.3%

Faster asset growth than 18% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

31st percentile

-3.9%

Faster revenue growth than 31% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$6,824,838

Down $383,863 (-5.3%) from 2015

Net Assets

Down

$2,504,697

Down $156,581 (-5.9%) from 2015

Liabilities

Down

$4,320,141

Down $227,282 (-5.0%) from 2015

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin33rd percentile

Revenue

Down

$7,807,999

Down $316,181 (-3.9%) from 2015

Expenses

Down

$7,964,580

Down $223,266 (-2.7%) from 2015

Net Income

Down

-$156,581

Down $92,915 (-146%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth18th 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

2016

Assets$6,824,838
Liabilities$4,320,141
Net Assets$2,504,697
Open 2016 Filing

Operations Trend

Revenue Growth31st 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

2016

Revenue$7,807,999
Expenses$7,964,580
Net Income-$156,581
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Mar 8, 2017
Return Version
2015v3.0
Gross Receipts
$7,890,913
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$6,054,758$5,888,045▼ $166,713
Cash and Non-Interest-Bearing Accounts$487,427$441,225▼ $46,202
Accounts Receivable$352,358$388,481▲ $36,123
Pledges and Grants Receivable$150,000$0▼ $150,000
Prepaid Expenses and Deferred Charges$100,837$66,600▼ $34,237
Inventories for Sale or Use$15,073$0▼ $15,073
Investments in Publicly Traded Securities$2,966$0▼ $2,966
Savings and Temporary Cash Investments$2,007$0▼ $2,007
Total Assets$7,208,701$6,824,838▼ $383,863
Other Assets Total$43,275$40,487▼ $2,788
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,149,887$3,096,457▼ $53,430
Deferred Revenue$992,114$915,463▼ $76,651
Accounts Payable and Accrued Expenses$378,084$308,221▼ $69,863
Other Liabilities$27,338$0▼ $27,338
Total Liabilities$4,547,423$4,320,141▼ $227,282
Net Assets / Fund Balance
Unrestricted Net Assets$2,551,207$2,448,413▼ $102,794
Temporarily Rstr Net Assets$110,071$56,284▼ $53,787
Total Net Assets Fund Balance$2,661,278$2,504,697▼ $156,581
Total Liabilities and Net Assets / Fund Balance$7,208,701$6,824,838▼ $383,863

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,690,084$2,145,571$6,835,655
Equipment$110,250$2,180,688$2,290,938
Land$676,996-$676,996
Leasehold Improvements$343,608$319,381$662,989
Other Land Buildings$67,107$420,604$487,711
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mercedes SheppardHead of SchoolFT$135,000$33,000$168,000

Board Members and Trustees

NameTitle
Rajeev RathiBoard President
George RibetBoard Vice President
Barbara TubutisBoard Member
Beverly BiggsBoard Member
Carlos SmithBoard Member
David JensenBoard Member
Heidi EcholsBoard Member
Imre BoardenBoard Member
Linda KlawitterBoard Member
Lisa DanielBoard Member
Michael HarrisBoard Member
Gene RanieriBoard Secretary
Colin McfarlandBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$401,158
Program Service Revenue
$7,319,965
Investment Income
$61
Other Revenue
$86,815
All Other Contributions
$212,960
Change in Net Assets
$-156,581

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 Traded4$67,527Fair Market Value
Other Non Cash Contri Table26$12,636Fair Market Value
Total Noncash Contributions30$80,163-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,548,491
Revenue Not Reported on Financial Statements
$1,259,508
Revenue Not Reported on Form 990
$68,921
Other Revenue Adjustments
$1,259,508
Total Revenue per Audited Statements
$6,617,412
Total Revenue per Form 990
$7,807,999
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,992,111
Other Expenses$1,712,961
Grants and Similar Amounts Paid$1,259,508
Total Fundraising Expense$130,659
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,341,251$541,912$48,280$3,931,443
Grants to Domestic Individuals$1,259,508--$1,259,508
Other Employee Benefits$358,121$93,497$22,123$473,741
Payroll Taxes$285,909$76,243$19,061$381,213
Depreciation Depletion$261,778--$261,778
Interest$259,422--$259,422
Occupancy$251,502--$251,502
Current Officers, Directors, Trustees, and Key Employees-$168,000-$168,000
All Other Expenses$115,897$836$38,909$155,642
Office Expenses$125,996--$125,996
Insurance-$97,144-$97,144
Information Technology$95,781--$95,781
Fees for Services Other$86,242--$86,242
Other Expenses$45,440$15,147-$60,587
Advertising$49,274$2,593-$51,867
Pension Plan Contributions$34,285$1,143$2,286$37,714
Total Functional Expenses$6,837,406$996,515$130,659$7,964,580

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,964,580
Total Expenses per Audited Statements$6,773,993
Expenses per Audited Statements$6,705,072
Expenses Not Reported on Financial Statements$1,259,508
Other Expense Adjustments$1,259,508
Expenses Not Reported on Form 990$68,921
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$55,737
Fundraising Gross Income$40,729
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$187,160$35,360-$35,360
Golf$24,694$5,369-$5,369
Total Events$228,927$40,729$55,737$-15,008
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
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
2017-03-08
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
160
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 2012. 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 43,101. Rent of facility 25,820.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“FINANCIAL AID 1,259,508.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 43,101. Rent of facility 25,820.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“FINANCIAL AID 1,259,508.”

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IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01259508
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01259508
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt07890913
IRS990/GrossRentsGrp/RealAmt0122582
IRS990/GrossSalesOfInventoryAmt06418
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt095781
IRS990/InformationTechnologyGrp/TotalAmt095781
IRS990/InsuranceGrp/ManagementAndGeneralAmt097144
IRS990/InsuranceGrp/TotalAmt097144
IRS990/InterestGrp/ProgramServicesAmt0259422
IRS990/InterestGrp/TotalAmt0259422
IRS990/InventoriesForSaleOrUseGrp/BOYAmt015073
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt061
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt061
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02966
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt016
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05066244
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06054758
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05888045
IRS990/LandBldgEquipCostOrOtherBssAmt010954289
IRS990/LegalDomicileStateCd0IL
IRS990/LessRentalExpensesGrp/RealAmt025820
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/BOYAmt03149887
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03096457
IRS990/NetAssetsOrFundBalancesBOYAmt02661278
IRS990/NetAssetsOrFundBalancesEOYAmt02504697
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-15008
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-15008
IRS990/NetIncomeOrLossGrp/ExclusionAmt05061
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt05061
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt096762
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt096762
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt080163
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0251502
IRS990/OccupancyGrp/TotalAmt0251502
IRS990/OfficeExpensesGrp/ProgramServicesAmt0125996
IRS990/OfficeExpensesGrp/TotalAmt0125996
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt043275
IRS990/OtherAssetsTotalGrp/EOYAmt040487
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt022123
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt093497
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0358121
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0473741
IRS990/OtherExpensesGrp/Desc0SCHOOL BUS TRANSPORTATI
IRS990/OtherExpensesGrp/Desc1AFTER SCHOOL PROGRAM
IRS990/OtherExpensesGrp/Desc2BAD DEBT
IRS990/OtherExpensesGrp/Desc3STUDENT SERVICES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt015147
IRS990/OtherExpensesGrp/ProgramServicesAmt0133911
IRS990/OtherExpensesGrp/ProgramServicesAmt170694
IRS990/OtherExpensesGrp/ProgramServicesAmt262395
IRS990/OtherExpensesGrp/ProgramServicesAmt345440
IRS990/OtherExpensesGrp/TotalAmt0133911
IRS990/OtherExpensesGrp/TotalAmt170694
IRS990/OtherExpensesGrp/TotalAmt262395
IRS990/OtherExpensesGrp/TotalAmt360587
IRS990/OtherLiabilitiesGrp/BOYAmt027338
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt048280
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0541912
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03341251
IRS990/OtherSalariesAndWagesGrp/TotalAmt03931443
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt019061
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt076243
IRS990/PayrollTaxesGrp/ProgramServicesAmt0285909
IRS990/PayrollTaxesGrp/TotalAmt0381213
IRS990/PensionPlanContributionsGrp/FundraisingAmt02286
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01143
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt034285
IRS990/PensionPlanContributionsGrp/TotalAmt037714
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0150000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0100837
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt066600
IRS990/PrincipalOfficerNm0RAJEEV RATHI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1ACTIVITIES & SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07171997
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1147968
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07171997
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1147968
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ACADEMY RECEIVES DONATED SERVICES FROM PARENTS OF STUDENTS. THE VALUE OF THESE SERVICES CANNOT BE DETERMINED.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0583761
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01305904
IRS990/PYInvestmentIncomeAmt0132
IRS990/PYOtherExpensesAmt01991056
IRS990/PYOtherRevenueAmt087089
IRS990/PYProgramServiceRevenueAmt07453198
IRS990/PYRevenuesLessExpensesAmt0-63666
IRS990/PYSalariesCompEmpBnftPaidAmt04890886
IRS990/PYTotalExpensesAmt08187846
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08124180
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-156581
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt096762
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07319965
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02007
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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/BookValueAmt04690084
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02145571
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06835655
IRS990ScheduleD/EquipmentGrp/BookValueAmt0110250
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02180688
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02290938
IRS990ScheduleD/ExpensesNotReportedAmt068921
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01259508
IRS990ScheduleD/ExpensesSubtotalAmt06705072
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0676996
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0676996
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0343608
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0319381
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0662989
IRS990ScheduleD/OtherExpensesIncludedAmt068921
IRS990ScheduleD/OtherExpensesNotIncludedAmt01259508
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt067107
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0420604
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0487711
IRS990ScheduleD/OtherRevenueAmt068921
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01259508
IRS990ScheduleD/RevenueNotReportedAmt068921
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01259508
IRS990ScheduleD/RevenueSubtotalAmt06548491
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 2012. THE ACADEMY DOES NOT EXPECT A MATERIAL NET CHANGE IN UNRECOGNIZED TAX BENEFITS IN THE NEXT TWELVE MONTHS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES 43,101. RENT OF FACILITY 25,820.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FINANCIAL AID 1,259,508.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3FUNDRAISING EXPENSES 43,101. RENT OF FACILITY 25,820.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4FINANCIAL AID 1,259,508.
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/TotalBookValueLandBuildingsAmt05888045
IRS990ScheduleD/TotalExpensesPerForm990Amt07964580
IRS990ScheduleD/TotalRevenuePerForm990Amt07807999
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06617412
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06773993
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,824,838
Liabilities
$4,320,141
Net assets
$2,504,697
Revenue
$7,807,999
Expenses
$7,964,580
Net income
-$156,581
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