Civic Intelligence

Morgan Park Academy

990 • Fiscal year 2017 • EIN 36-1502650

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 12, 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

79th percentile

0.58x

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

69th percentile

0.44x

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

50th percentile

2.8%

Higher net margin than 50% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

75th percentile

$194,575

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

16th percentile

-4.9%

Faster asset growth than 16% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

61st percentile

9.3%

Faster revenue growth than 61% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets79th percentile

Assets

Down

$6,489,673

Down $335,165 (-4.9%) from 2016

Net Assets

Up

$2,742,203

Up $237,506 (+9.5%) from 2016

Liabilities

Down

$3,747,470

Down $572,671 (-13%) from 2016

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin50th percentile

Revenue

Up

$8,535,161

Up $727,162 (+9.3%) from 2016

Expenses

Up

$8,297,655

Up $333,075 (+4.2%) from 2016

Net Income

Up

$237,506

Up $394,087 (+252%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth16th 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

2017

Assets$6,489,673
Liabilities$3,747,470
Net Assets$2,742,203
Open 2017 Filing

Operations Trend

Revenue Growth61st 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

2017

Revenue$8,535,161
Expenses$8,297,655
Net Income$237,506
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 12, 2017
Return Version
2016v3.0
Gross Receipts
$8,654,061
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$5,888,045$5,842,834▼ $45,211
Accounts Receivable$388,481$323,426▼ $65,055
Cash and Non-Interest-Bearing Accounts$441,225$230,249▼ $210,976
Prepaid Expenses and Deferred Charges$66,600$48,978▼ $17,622
Investments in Publicly Traded Securities$0$6,487▲ $6,487
Total Assets$6,824,838$6,489,673▼ $335,165
Other Assets Total$40,487$37,699▼ $2,788
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,096,457$2,827,123▼ $269,334
Deferred Revenue$915,463$625,342▼ $290,121
Accounts Payable and Accrued Expenses$308,221$263,113▼ $45,108
Other Liabilities$0$31,892▲ $31,892
Total Liabilities$4,320,141$3,747,470▼ $572,671
Net Assets / Fund Balance
Unrestricted Net Assets$2,448,413$2,715,661▲ $267,248
Temporarily Rstr Net Assets$56,284$26,542▼ $29,742
Total Net Assets Fund Balance$2,504,697$2,742,203▲ $237,506
Total Liabilities and Net Assets / Fund Balance$6,824,838$6,489,673▼ $335,165

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,646,990$2,297,679$6,944,669
Equipment$107,360$2,211,366$2,318,726
Land$676,996-$676,996
Leasehold Improvements$315,239$347,750$662,989
Other Land Buildings$96,249$433,922$530,171
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mercedes SheppardHead of SchoolFT$184,950$9,625$194,575

Board Members and Trustees

NameTitle
Rajeev RathiBoard President
Colin McfarlandBoard Vice President
Andrea Durbin-odomBoard Member
Barbara TubutisBoard Member
Beverly BiggsBoard Member
Carlos SmithBoard Member
Demetrios CarboneBoard Member
Heidi EcholsBoard Member
Linda KlawitterBoard Member
Lisa Daniel-olimeneBoard Member
Michael HarrisBoard Member
Torrence MooreBoard Member
Imre BoardenBoard Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$378,954
Program Service Revenue
$8,076,174
Investment Income
$0
Other Revenue
$80,033
All Other Contributions
$260,616
Change in Net Assets
$237,506

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
Other Non Cash Contri Table1$40,140Fair Market Value
Other Non Cash Contri Table74$30,665Fair Market Value
Securities Publicly Traded2$9,155Fair Market Value
Total Noncash Contributions77$79,960-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,797,552
Revenue Not Reported on Financial Statements
$1,737,609
Revenue Not Reported on Form 990
$68,219
Other Revenue Adjustments
$1,737,609
Total Revenue per Audited Statements
$6,865,771
Total Revenue per Form 990
$8,535,161
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,158,885
Grants and Similar Amounts Paid$1,737,609
Other Expenses$1,401,161
Total Fundraising Expense$222,644
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,394,990$665,451$48,564$4,109,005
Grants to Domestic Individuals$1,737,609--$1,737,609
Other Employee Benefits$333,778$87,306$20,764$441,848
Payroll Taxes$287,300$76,614$19,153$383,067
Depreciation Depletion$260,182--$260,182
Occupancy$204,972--$204,972
Current Officers, Directors, Trustees, and Key Employees$68,869$63,575$62,131$194,575
All Other Expenses$141,758$7,483$13,992$163,233
Information Technology$109,676--$109,676
Insurance-$88,296-$88,296
Office Expenses$86,222--$86,222
Fees for Services Other$81,964--$81,964
Advertising$49,820$2,800-$52,620
Other Expenses$39,498-$56,520$39,498
Pension Plan Contributions$22,792$6,078$1,520$30,390
Interest$27,794--$27,794
Total Functional Expenses$7,077,408$997,603$222,644$8,297,655

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$8,297,655
Total Expenses per Audited Statements$6,628,265
Expenses per Audited Statements$6,560,046
Expenses Not Reported on Financial Statements$1,737,609
Other Expense Adjustments$1,737,609
Expenses Not Reported on Form 990$68,219
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$97,972
Fundraising Gross Income$72,214
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$138,343$54,865$3,200$51,665
Golf$32,459$7,349-$7,349
Total Events$190,552$72,214$97,972$-25,758
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$31,892
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 11B

“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
2017-12-12
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
150
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. With few exceptions, the academy is no longer subject to u.s. Federal income tax examinations by tax authorities for years before 2013. 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 47,291. Rent of facility 20,254. Cost of goods sold 674.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“FINANCIAL AID 1,737,609.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 47,291. Rent of facility 20,254. Cost of goods sold 674.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“FINANCIAL AID 1,737,609.”

Raw XML AppendixShowing 400 of 597 raw XML fields

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/Form990PartVIISectionAGrp/TitleTxt0BOARD PRESIDENT
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IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantAmt01737609
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01737609
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01737609
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt08654061
IRS990/GrossRentsGrp/RealAmt0122805
IRS990/GrossSalesOfInventoryAmt03914
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0109676
IRS990/InformationTechnologyGrp/TotalAmt0109676
IRS990/InsuranceGrp/ManagementAndGeneralAmt088296
IRS990/InsuranceGrp/TotalAmt088296
IRS990/InterestGrp/ProgramServicesAmt027794
IRS990/InterestGrp/TotalAmt027794
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt06487
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05290717
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05888045
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05842834
IRS990/LandBldgEquipCostOrOtherBssAmt011133551
IRS990/LegalDomicileStateCd0IL
IRS990/LessRentalExpensesGrp/RealAmt020254
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/BOYAmt03096457
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02827123
IRS990/NetAssetsOrFundBalancesBOYAmt02504697
IRS990/NetAssetsOrFundBalancesEOYAmt02742203
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-25758
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-25758
IRS990/NetIncomeOrLossGrp/ExclusionAmt03240
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt03240
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0102551
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0102551
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt079960
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0204972
IRS990/OccupancyGrp/TotalAmt0204972
IRS990/OfficeExpensesGrp/ProgramServicesAmt086222
IRS990/OfficeExpensesGrp/TotalAmt086222
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt040487
IRS990/OtherAssetsTotalGrp/EOYAmt037699
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt020764
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt087306
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0333778
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0441848
IRS990/OtherExpensesGrp/Desc0SCHOOL BUS TRANSPORTATI
IRS990/OtherExpensesGrp/Desc1AFTER SCHOOL PROGRAM
IRS990/OtherExpensesGrp/Desc2FUNDRAISING
IRS990/OtherExpensesGrp/Desc3INSTRUCTIONAL
IRS990/OtherExpensesGrp/FundraisingAmt056520
IRS990/OtherExpensesGrp/ProgramServicesAmt0128067
IRS990/OtherExpensesGrp/ProgramServicesAmt1102117
IRS990/OtherExpensesGrp/ProgramServicesAmt239498
IRS990/OtherExpensesGrp/TotalAmt0128067
IRS990/OtherExpensesGrp/TotalAmt1102117
IRS990/OtherExpensesGrp/TotalAmt256520
IRS990/OtherExpensesGrp/TotalAmt339498
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt031892
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt048564
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0665451
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03394990
IRS990/OtherSalariesAndWagesGrp/TotalAmt04109005
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt019153
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt076614
IRS990/PayrollTaxesGrp/ProgramServicesAmt0287300
IRS990/PayrollTaxesGrp/TotalAmt0383067
IRS990/PensionPlanContributionsGrp/FundraisingAmt01520
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06078
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt022792
IRS990/PensionPlanContributionsGrp/TotalAmt030390
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt066600
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt048978
IRS990/PrincipalOfficerNm0RAJEEV RATHI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1ACTIVITIES & SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07850895
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1225279
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07850895
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1225279
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ACADEMY RECEIVES DONATED SERVICES FROM PARENTS OF STUDENTS. THE VALUE OF THESE SERVICES CANNOT BE DETERMINED.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0401158
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01259508
IRS990/PYInvestmentIncomeAmt061
IRS990/PYOtherExpensesAmt01712961
IRS990/PYOtherRevenueAmt086815
IRS990/PYProgramServiceRevenueAmt07319965
IRS990/PYRevenuesLessExpensesAmt0-156581
IRS990/PYSalariesCompEmpBnftPaidAmt04992111
IRS990/PYTotalExpensesAmt07964580
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07807999
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0237506
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0102551
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt08076174
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/BookValueAmt04646990
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02297679
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06944669
IRS990ScheduleD/EquipmentGrp/BookValueAmt0107360
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02211366
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02318726
IRS990ScheduleD/ExpensesNotReportedAmt068219
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01737609
IRS990ScheduleD/ExpensesSubtotalAmt06560046
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0676996
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0676996
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0315239
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0347750
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0662989
IRS990ScheduleD/OtherExpensesIncludedAmt068219
IRS990ScheduleD/OtherExpensesNotIncludedAmt01737609
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt096249
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0433922
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0530171
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt031892
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE
IRS990ScheduleD/OtherRevenueAmt068219
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01737609
IRS990ScheduleD/RevenueNotReportedAmt068219
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01737609
IRS990ScheduleD/RevenueSubtotalAmt06797552
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. WITH FEW EXCEPTIONS, THE ACADEMY IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2013. THE ACADEMY DOES NOT EXPECT A MATERIAL NET CHANGE IN UNRECOGNIZED TAX BENEFITS IN THE NEXT TWELVE MONTHS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES 47,291. RENT OF FACILITY 20,254. COST OF GOODS SOLD 674.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FINANCIAL AID 1,737,609.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3FUNDRAISING EXPENSES 47,291. RENT OF FACILITY 20,254. COST OF GOODS SOLD 674.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4FINANCIAL AID 1,737,609.
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/TotalBookValueLandBuildingsAmt05842834
IRS990ScheduleD/TotalExpensesPerForm990Amt08297655
IRS990ScheduleD/TotalLiabilityAmt031892
IRS990ScheduleD/TotalRevenuePerForm990Amt08535161
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06865771
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06628265
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,489,673
Liabilities
$3,747,470
Net assets
$2,742,203
Revenue
$8,535,161
Expenses
$8,297,655
Net income
$237,506
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