Civic Intelligence

Morgan Park Academy

990 • Fiscal year 2018 • EIN 36-1502650

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 08, 2019

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

76th percentile

0.50x

Higher debt load relative to assets than 76% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

69th percentile

0.41x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

69th percentile

11%

Higher net margin than 69% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

73rd percentile

$186,270

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

83rd percentile

19%

Faster asset growth than 83% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

65th percentile

11%

Faster revenue growth than 65% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$7,718,190

Up $1,228,517 (+19%) from 2017

Net Assets

Up

$3,824,931

Up $1,082,728 (+39%) from 2017

Liabilities

Up

$3,893,259

Up $145,789 (+3.9%) from 2017

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin69th percentile

Revenue

Up

$9,440,077

Up $904,916 (+11%) from 2017

Expenses

Up

$8,357,349

Up $59,694 (+0.7%) from 2017

Net Income

Up

$1,082,728

Up $845,222 (+356%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth83rd 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

2018

Assets$7,718,190
Liabilities$3,893,259
Net Assets$3,824,931
Open 2018 Filing

Operations Trend

Revenue Growth65th 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

2018

Revenue$9,440,077
Expenses$8,357,349
Net Income$1,082,728
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 8, 2019
Return Version
2017v2.3
Gross Receipts
$9,546,859
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$5,842,834$5,719,202▼ $123,632
Pledges and Grants Receivable$0$1,196,497▲ $1,196,497
Cash and Non-Interest-Bearing Accounts$230,249$446,912▲ $216,663
Accounts Receivable$323,426$312,165▼ $11,261
Prepaid Expenses and Deferred Charges$48,978$43,414▼ $5,564
Investments in Publicly Traded Securities$6,487$0▼ $6,487
Total Assets$6,489,673$7,718,190▲ $1,228,517
Other Assets Total$37,699$0▼ $37,699
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,827,123$2,964,164▲ $137,041
Deferred Revenue$625,342$517,710▼ $107,632
Accounts Payable and Accrued Expenses$263,113$395,439▲ $132,326
Other Liabilities$31,892$15,946▼ $15,946
Total Liabilities$3,747,470$3,893,259▲ $145,789
Net Assets / Fund Balance
Unrestricted Net Assets$2,715,661$2,603,306▼ $112,355
Temporarily Rstr Net Assets$26,542$1,221,625▲ $1,195,083
Total Net Assets Fund Balance$2,742,203$3,824,931▲ $1,082,728
Total Liabilities and Net Assets / Fund Balance$6,489,673$7,718,190▲ $1,228,517

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,576,117$2,459,473$7,035,590
Equipment$100,025$2,248,612$2,348,637
Land$676,996-$676,996
Leasehold Improvements$286,870$376,119$662,989
Other Land Buildings$79,194$450,979$530,173
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mercedes SheppardHead of SchoolFT$177,400$8,870$186,270

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$1,582,114
Program Service Revenue
$7,772,740
Investment Income
$0
Other Revenue
$85,223
All Other Contributions
$1,478,478
Change in Net Assets
$1,082,728

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 Table97$23,407Fair Market Value
Securities Publicly Traded1$1,816Fair Market Value
Total Noncash Contributions98$25,223-

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,671,855
Revenue Not Reported on Financial Statements
$1,768,222
Revenue Not Reported on Form 990
$29,243
Other Revenue Adjustments
$1,768,222
Total Revenue per Audited Statements
$7,701,098
Total Revenue per Form 990
$9,440,077
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,214,824
Grants and Similar Amounts Paid$1,768,222
Other Expenses$1,374,303
Total Fundraising Expense$167,538
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,448,576$694,999$30,487$4,174,062
Grants to Domestic Individuals$1,768,222--$1,768,222
Payroll Taxes$304,407$81,175$20,294$405,876
Other Employee Benefits$300,085$79,213$19,297$398,595
Depreciation Depletion$284,336--$284,336
Occupancy$192,982--$192,982
Current Officers, Directors, Trustees, and Key Employees$65,786$60,907$59,577$186,270
Interest$143,860--$143,860
Information Technology$105,814--$105,814
Insurance-$96,993-$96,993
All Other Expenses$74,375$7,685$8,921$90,981
Fees for Services Other$85,001--$85,001
Office Expenses$71,558--$71,558
Pension Plan Contributions$37,516$10,004$2,501$50,021
Other Expenses$18,863-$26,461$45,324
Advertising$34,135$1,797-$35,932
Total Functional Expenses$7,157,038$1,032,773$167,538$8,357,349

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$8,357,349
Total Expenses per Audited Statements$6,618,370
Expenses per Audited Statements$6,589,127
Expenses Not Reported on Financial Statements$1,768,222
Other Expense Adjustments$1,768,222
Expenses Not Reported on Form 990$29,243
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$85,294
Fundraising Gross Income$58,057
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$129,229$48,248$8,256$39,992
Golf$32,464$9,809-$9,809
Total Events$161,693$58,057$85,294$-27,237
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$15,946
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
Heidi Echols
Title
Board President
Phone
7738816700
Signed
2019-01-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Heidi Echols
Formed
1942
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
153
Volunteers
100

Preparer

Firm
DUGAN & LOPATKA CPA'S PC
Address
4320 WINFIELD ROAD SUITE 450, WARRENVILLE, IL 60555-4036
Preparer
Mark Schultz
Phone
6306654440
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional fees: program service expenses 85,001. Management and general expenses 0. Fundraising expenses 0. Total expenses 85,001.”

Form 990, Part IX, Line 24E

“Student services: program service expenses 21,164. Management and general expenses 7,055. Fundraising expenses 0. Total expenses 28,219. Athletic department: program service expenses 23,513. Management and general expenses 0. Fundraising expenses 0. Total expenses 23,513. Summer school: program service expenses 12,252. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,252. Club expenses: program service expenses 10,470. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,470. Fundraising: program service expenses 0. Management and general expenses 0. Fundraising expenses 8,921. Total expenses 8,921. Library services: program service expenses 3,307. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,307. Dues: program service expenses 2,394. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,394. Miscellaneous expenses: program service expenses 615. Management and general expenses 630. Fundraising expenses 0. Total expenses 1,245. Physical education: program service expenses 660. Management and general expenses 0. Fundraising expenses 0. Total expenses 660.”

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 2014. 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 7,755. Rent of facility 21,488.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“FINANCIAL AID 1,768,222.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 7,755. Rent of facility 21,488.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“FINANCIAL AID 1,768,222.”

Raw XML AppendixShowing 400 of 562 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0263113
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0395439
IRS990/AccountsReceivableGrp/BOYAmt0323426
IRS990/AccountsReceivableGrp/EOYAmt0312165
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0INDEPENDENT SCHOOL FOR PRE-SCHOOL - 12TH GRADE
IRS990/AdvertisingGrp/ManagementAndGeneralAmt01797
IRS990/AdvertisingGrp/ProgramServicesAmt034135
IRS990/AdvertisingGrp/TotalAmt035932
IRS990/AllOtherContributionsAmt01478478
IRS990/AllOtherExpensesGrp/FundraisingAmt08921
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt07685
IRS990/AllOtherExpensesGrp/ProgramServicesAmt074375
IRS990/AllOtherExpensesGrp/TotalAmt090981
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JULIE CUADROS-PERRY
IRS990/BooksInCareOfDetail/PhoneNum07738816700
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02153 WEST 111TH STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHICAGO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060643
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0230249
IRS990/CashNonInterestBearingGrp/EOYAmt0446912
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt059577
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt060907
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt065786
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0186270
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt0103636
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01582114
IRS990/CYGrantsAndSimilarPaidAmt01768222
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt01374303
IRS990/CYOtherRevenueAmt085223
IRS990/CYProgramServiceRevenueAmt07772740
IRS990/CYRevenuesLessExpensesAmt01082728
IRS990/CYSalariesCompEmpBnftPaidAmt05214824
IRS990/CYTotalExpensesAmt08357349
IRS990/CYTotalFundraisingExpenseAmt0167538
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt09440077
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DeferredRevenueGrp/BOYAmt0625342
IRS990/DeferredRevenueGrp/EOYAmt0517710
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0284336
IRS990/DepreciationDepletionGrp/TotalAmt0284336
IRS990/Desc0MORGAN PARK ACADEMY OPERATES A PRIVATE INDEPENDENT SCHOOL FOR PRESCHOOL THROUGH GRADE 12 AND HAS APPROXIMATELY 443 STUDENTS
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt0153
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt07157038
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt085001
IRS990/FeesForServicesOtherGrp/TotalAmt085001
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt24.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt34.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt44.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt54.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt64.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt74.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt84.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt94.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1050.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt108870
IRS990/Form990PartVIISectionAGrp/PersonNm0RAJEEV RATHI
IRS990/Form990PartVIISectionAGrp/PersonNm1HEIDI ECHOLS
IRS990/Form990PartVIISectionAGrp/PersonNm2IMRE BOARDEN
IRS990/Form990PartVIISectionAGrp/PersonNm3CARLOS SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm4DEMETRIOS CARBONE
IRS990/Form990PartVIISectionAGrp/PersonNm5ANDREA DURBIN-ODOM
IRS990/Form990PartVIISectionAGrp/PersonNm6TORRENCE MOORE
IRS990/Form990PartVIISectionAGrp/PersonNm7BARBARA TUBUTIS
IRS990/Form990PartVIISectionAGrp/PersonNm8LISA DANIEL-OLIMENE
IRS990/Form990PartVIISectionAGrp/PersonNm9MICHAEL HARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm10MERCEDES SHEPPARD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10177400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10HEAD OF SCHOOL
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01942
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0103636
IRS990/FundraisingDirectExpensesAmt085294
IRS990/FundraisingGrossIncomeAmt058057
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantAmt01768222
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01768222
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01768222
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt09546859
IRS990/GrossRentsGrp/RealAmt0133948
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0105814
IRS990/InformationTechnologyGrp/TotalAmt0105814
IRS990/InsuranceGrp/ManagementAndGeneralAmt096993
IRS990/InsuranceGrp/TotalAmt096993
IRS990/InterestGrp/ProgramServicesAmt0143860
IRS990/InterestGrp/TotalAmt0143860
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt06487
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05535183
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05842834
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05719202
IRS990/LandBldgEquipCostOrOtherBssAmt011254385
IRS990/LegalDomicileStateCd0IL
IRS990/LessRentalExpensesGrp/RealAmt021488
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/BOYAmt02827123
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02964164
IRS990/NetAssetsOrFundBalancesBOYAmt02742203
IRS990/NetAssetsOrFundBalancesEOYAmt03824931
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-27237
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-27237
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0112460
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0112460
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt025223
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0192982
IRS990/OccupancyGrp/TotalAmt0192982
IRS990/OfficeExpensesGrp/ProgramServicesAmt071558
IRS990/OfficeExpensesGrp/TotalAmt071558
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt037699
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt019297
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt079213
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0300085
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0398595
IRS990/OtherExpensesGrp/Desc0AFTER SCHOOL PROGRAM
IRS990/OtherExpensesGrp/Desc1INSTRUCTIONAL
IRS990/OtherExpensesGrp/Desc2SCHOOL BUS TRANSPORTATI
IRS990/OtherExpensesGrp/Desc3SPECIAL EVENTS
IRS990/OtherExpensesGrp/FundraisingAmt026461
IRS990/OtherExpensesGrp/ProgramServicesAmt094197
IRS990/OtherExpensesGrp/ProgramServicesAmt170756
IRS990/OtherExpensesGrp/ProgramServicesAmt256569
IRS990/OtherExpensesGrp/ProgramServicesAmt318863
IRS990/OtherExpensesGrp/TotalAmt094197
IRS990/OtherExpensesGrp/TotalAmt170756
IRS990/OtherExpensesGrp/TotalAmt256569
IRS990/OtherExpensesGrp/TotalAmt345324
IRS990/OtherLiabilitiesGrp/BOYAmt031892
IRS990/OtherLiabilitiesGrp/EOYAmt015946
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt030487
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0694999
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03448576
IRS990/OtherSalariesAndWagesGrp/TotalAmt04174062
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt020294
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt081175
IRS990/PayrollTaxesGrp/ProgramServicesAmt0304407
IRS990/PayrollTaxesGrp/TotalAmt0405876
IRS990/PensionPlanContributionsGrp/FundraisingAmt02501
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt010004
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt037516
IRS990/PensionPlanContributionsGrp/TotalAmt050021
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01196497
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt048978
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt043414
IRS990/PrincipalOfficerNm0HEIDI ECHOLS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1ACTIVITIES & SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07515582
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1257158
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07515582
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1257158
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ACADEMY RECEIVES DONATED SERVICES FROM PARENTS OF STUDENTS. THE VALUE OF THESE SERVICES CANNOT BE DETERMINED.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0378954
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01737609
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01401161
IRS990/PYOtherRevenueAmt080033
IRS990/PYProgramServiceRevenueAmt08076174
IRS990/PYRevenuesLessExpensesAmt0237506
IRS990/PYSalariesCompEmpBnftPaidAmt05158885
IRS990/PYTotalExpensesAmt08297655
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08535161
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01082728
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0112460
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07772740
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt04576117
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02459473
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07035590
IRS990ScheduleD/EquipmentGrp/BookValueAmt0100025
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02248612
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02348637
IRS990ScheduleD/ExpensesNotReportedAmt029243
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01768222
IRS990ScheduleD/ExpensesSubtotalAmt06589127
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0676996
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0676996
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0286870
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0376119
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0662989
IRS990ScheduleD/OtherExpensesIncludedAmt029243
IRS990ScheduleD/OtherExpensesNotIncludedAmt01768222
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt079194
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0450979
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0530173
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015946
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE
IRS990ScheduleD/OtherRevenueAmt029243
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01768222
IRS990ScheduleD/RevenueNotReportedAmt029243
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01768222
IRS990ScheduleD/RevenueSubtotalAmt07671855
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 2014. THE ACADEMY DOES NOT EXPECT A MATERIAL NET CHANGE IN UNRECOGNIZED TAX BENEFITS IN THE NEXT TWELVE MONTHS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES 7,755. RENT OF FACILITY 21,488.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FINANCIAL AID 1,768,222.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3FUNDRAISING EXPENSES 7,755. RENT OF FACILITY 21,488.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4FINANCIAL AID 1,768,222.
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/TotalBookValueLandBuildingsAmt05719202
IRS990ScheduleD/TotalExpensesPerForm990Amt08357349
IRS990ScheduleD/TotalLiabilityAmt015946
IRS990ScheduleD/TotalRevenuePerForm990Amt09440077
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07701098
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06618370
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED IN SCHOOL ADVERTISEMENTS SOLICITING STUDENTS IN SEVERAL DIFFERENT NEWSPAPERS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ACADEMY RECEIVES TITLE II MONEY FOR PROFESSIONAL DEVELOPMENT OF FACULTY
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0103636
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt080981
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt022655
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt085294
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt06685
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt06685
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GOLF
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt028583
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt07755
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt036338
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0129229
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt032464
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0161693
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt048248
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt09809

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,718,190
Liabilities
$3,893,259
Net assets
$3,824,931
Revenue
$9,440,077
Expenses
$8,357,349
Net income
$1,082,728
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