Civic Intelligence

Morgan Park Academy

990 • Fiscal year 2019 • EIN 36-1502650

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 22, 2020

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

83rd percentile

0.67x

Higher debt load relative to assets than 83% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

75th percentile

0.58x

Higher debt load relative to revenue than 75% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

39th percentile

0.1%

Higher net margin than 39% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

76th percentile

$201,968

Higher top officer pay than 76% of similar nonprofits.

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

30th percentile

-1.6%

Faster asset growth than 30% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

23rd percentile

-7.9%

Faster revenue growth than 23% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$7,594,554

Down $123,636 (-1.6%) from 2018

Net Assets

Down

$2,542,794

Down $1,282,137 (-34%) from 2018

Liabilities

Up

$5,051,760

Up $1,158,501 (+30%) from 2018

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin39th percentile

Revenue

Down

$8,692,433

Down $747,644 (-7.9%) from 2018

Expenses

Up

$8,682,189

Up $324,840 (+3.9%) from 2018

Net Income

Down

$10,244

Down $1,072,484 (-99%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth30th 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

2019

Assets$7,594,554
Liabilities$5,051,760
Net Assets$2,542,794
Open 2019 Filing

Operations Trend

Revenue Growth23rd 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

2019

Revenue$8,692,433
Expenses$8,682,189
Net Income$10,244
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 22, 2020
Return Version
2018v3.1
Gross Receipts
$9,369,570
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$5,719,202$5,600,484▼ $118,718
Pledges and Grants Receivable$1,196,497$1,014,678▼ $181,819
Cash and Non-Interest-Bearing Accounts$446,912$675,991▲ $229,079
Accounts Receivable$312,165$266,806▼ $45,359
Prepaid Expenses and Deferred Charges$43,414$36,595▼ $6,819
Total Assets$7,718,190$7,594,554▼ $123,636
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,964,164$2,896,239▼ $67,925
Deferred Revenue$517,710$1,753,189▲ $1,235,479
Accounts Payable and Accrued Expenses$395,439$376,211▼ $19,228
Other Liabilities$15,946$26,121▲ $10,175
Total Liabilities$3,893,259$5,051,760▲ $1,158,501
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,050,625$1,298,278▲ $247,653
Unrestricted Net Assets$2,603,306$923,516▼ $1,679,790
Permanently Rstr Net Assets$171,000$321,000▲ $150,000
Total Net Assets Fund Balance$3,824,931$2,542,794▼ $1,282,137
Total Liabilities and Net Assets / Fund Balance$7,718,190$7,594,554▼ $123,636

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,460,511$2,633,036$7,093,547
Equipment$137,832$2,284,238$2,422,070
Land$676,996-$676,996
Leasehold Improvements$258,501$404,488$662,989
Other Land Buildings$66,644$468,035$534,679

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$171,000$150,000--$321,000
2017$0$171,000--$171,000
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mercedes SheppardHead of SchoolFT$192,350$9,618$201,968
Louis Saggione JrDirector of Bldgs & GroundsFT$106,089$18,526$124,615

Board Members and Trustees

NameTitle
Heidi EcholsBoard President
Michael HarrisBoard Vice President
Carlos SmithBoard Member
Imre BoardenBoard Member
Kimberly RuddBoard Member
Kishore PaluriBoard Member
Lisa Daniel-olimeneBoard Member
Andrea Durbin-odomBoard Secretary
Torrence MooreTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$773,812
Program Service Revenue
$7,829,831
Investment Income
$7,575
Other Revenue
$81,215
All Other Contributions
$631,039
Change in Net Assets
$10,244

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 Table76$27,580Fair Market Value
Total Noncash Contributions76$27,580-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,722,233
Revenue Not Reported on Financial Statements
$1,970,200
Revenue Not Reported on Form 990
$68,442
Other Revenue Adjustments
$1,970,200
Total Revenue per Audited Statements
$6,790,675
Total Revenue per Form 990
$8,692,433
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,250,720
Grants and Similar Amounts Paid$1,944,132
Other Expenses$1,487,337
Total Fundraising Expense$197,749
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,523,121$701,247$24,606$4,248,974
Grants to Domestic Individuals$1,944,132--$1,944,132
Other Employee Benefits$308,368$82,231$20,558$411,157
Payroll Taxes$261,047$69,613$17,403$348,063
Depreciation Depletion$258,956--$258,956
Occupancy$221,385--$221,385
Current Officers, Directors, Trustees, and Key Employees$71,330$66,041$64,597$201,968
All Other Expenses$159,077$11,830$2,013$172,920
Interest$147,017--$147,017
Office Expenses$82,424-$10,945$93,369
Insurance-$89,696-$89,696
Information Technology$86,465--$86,465
Fees for Services Other$79,167$3,168$792$83,127
Other Expenses$52,725-$54,807$52,725
Advertising$43,091$2,268-$45,359
Pension Plan Contributions$30,419$8,111$2,028$40,558
Total Functional Expenses$7,450,235$1,034,205$197,749$8,682,189

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$8,682,189
Total Expenses per Audited Statements$6,780,431
Expenses per Audited Statements$6,711,989
Expenses Not Reported on Financial Statements$1,970,200
Other Expense Adjustments$1,970,200
Expenses Not Reported on Form 990$68,442
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$77,273
Fundraising Gross Income$54,030
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$151,710$49,430$219$49,211
Golf$19,025$4,600-$4,600
Total Events$170,735$54,030$77,273$-23,243
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$26,121
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
2020-04-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Heidi Echols
Formed
1942
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
146
Volunteers
100

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional fees: program service expenses 67,285. Management and general expenses 0. Fundraising expenses 0. Total expenses 67,285. Payroll fees: program service expenses 11,882. Management and general expenses 3,168. Fundraising expenses 792. Total expenses 15,842.”

Form 990, Part IX, Line 24E

“Workers compensation insurance: program service expenses 30,200. Management and general expenses 8,054. Fundraising expenses 2,013. Total expenses 40,267. Club expenses: program service expenses 36,518. Management and general expenses 0. Fundraising expenses 0. Total expenses 36,518. Training: program service expenses 26,068. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,068. Athletic department: program service expenses 23,669. Management and general expenses 0. Fundraising expenses 0. Total expenses 23,669. Summer school: program service expenses 19,908. Management and general expenses 0. Fundraising expenses 0. Total expenses 19,908. Student services: program service expenses 11,329. Management and general expenses 3,776. Fundraising expenses 0. Total expenses 15,105. Dues: program service expenses 5,610. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,610. Library services: program service expenses 4,525. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,525. Physical education: program service expenses 1,250. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,250.”

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 V, LINE 4:

“Faculty endowment: attract and retain the best teachers; scholarship endowment: enroll engaged and dedicated students; curriculum endowment: continually advance our curriculum”

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 2015. 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 49,693. Rent of facility 18,749.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Financial aid 1,944,132. Title ii grant 26,068.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 49,693. Rent of facility 18,749.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Financial aid 1,944,132. Title ii training expense 26,068.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt9HEAD OF SCHOOL
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IRS990/GainOrLossGrp/SecuritiesAmt07575
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt026068
IRS990/GrantAmt01944132
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01944132
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01944132
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0588690
IRS990/GrossReceiptsAmt09369570
IRS990/GrossRentsGrp/RealAmt0123207
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt086465
IRS990/InformationTechnologyGrp/TotalAmt086465
IRS990/InsuranceGrp/ManagementAndGeneralAmt089696
IRS990/InsuranceGrp/TotalAmt089696
IRS990/InterestGrp/ProgramServicesAmt0147017
IRS990/InterestGrp/TotalAmt0147017
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05789797
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05719202
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05600484
IRS990/LandBldgEquipCostOrOtherBssAmt011390281
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0581115
IRS990/LessRentalExpensesGrp/RealAmt018749
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/BOYAmt02964164
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02896239
IRS990/NetAssetsOrFundBalancesBOYAmt03824931
IRS990/NetAssetsOrFundBalancesEOYAmt02542794
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt07575
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt07575
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-23243
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-23243
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0104458
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0104458
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt027580
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0221385
IRS990/OccupancyGrp/TotalAmt0221385
IRS990/OfficeExpensesGrp/FundraisingAmt010945
IRS990/OfficeExpensesGrp/ProgramServicesAmt082424
IRS990/OfficeExpensesGrp/TotalAmt093369
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt020558
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt082231
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0308368
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0411157
IRS990/OtherExpensesGrp/Desc0AFTER SCHOOL PROGRAM
IRS990/OtherExpensesGrp/Desc1INSTRUCTIONAL
IRS990/OtherExpensesGrp/Desc2FUNDRAISING
IRS990/OtherExpensesGrp/Desc3SCHOOL BUS TRANSPORTATI
IRS990/OtherExpensesGrp/FundraisingAmt054807
IRS990/OtherExpensesGrp/ProgramServicesAmt0109579
IRS990/OtherExpensesGrp/ProgramServicesAmt171932
IRS990/OtherExpensesGrp/ProgramServicesAmt252725
IRS990/OtherExpensesGrp/TotalAmt0109579
IRS990/OtherExpensesGrp/TotalAmt171932
IRS990/OtherExpensesGrp/TotalAmt254807
IRS990/OtherExpensesGrp/TotalAmt352725
IRS990/OtherLiabilitiesGrp/BOYAmt015946
IRS990/OtherLiabilitiesGrp/EOYAmt026121
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt024606
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0701247
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03523121
IRS990/OtherSalariesAndWagesGrp/TotalAmt04248974
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt017403
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt069613
IRS990/PayrollTaxesGrp/ProgramServicesAmt0261047
IRS990/PayrollTaxesGrp/TotalAmt0348063
IRS990/PensionPlanContributionsGrp/FundraisingAmt02028
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt08111
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt030419
IRS990/PensionPlanContributionsGrp/TotalAmt040558
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0171000
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0321000
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01196497
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01014678
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt043414
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt036595
IRS990/PrincipalOfficerNm0HEIDI ECHOLS
IRS990/PriorPeriodAdjustmentsAmt0-1292381
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1ACTIVITIES & SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07560384
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1269447
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07560384
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1269447
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ACADEMY RECEIVES DONATED SERVICES FROM PARENTS OF STUDENTS. THE VALUE OF THESE SERVICES CANNOT BE DETERMINED.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01582114
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01768222
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01374303
IRS990/PYOtherRevenueAmt085223
IRS990/PYProgramServiceRevenueAmt07772740
IRS990/PYRevenuesLessExpensesAmt01082728
IRS990/PYSalariesCompEmpBnftPaidAmt05214824
IRS990/PYTotalExpensesAmt08357349
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt09440077
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt010244
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0104458
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07829831
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/BookValueAmt04460511
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02633036
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07093547
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0171000
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0150000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0321000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0171000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0171000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0137832
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02284238
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02422070
IRS990ScheduleD/ExpensesNotReportedAmt068442
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01970200
IRS990ScheduleD/ExpensesSubtotalAmt06711989
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0676996
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0676996
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0258501
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0404488
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0662989
IRS990ScheduleD/OtherExpensesIncludedAmt068442
IRS990ScheduleD/OtherExpensesNotIncludedAmt01970200
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt066644
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0468035
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0534679
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt026121
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE
IRS990ScheduleD/OtherRevenueAmt068442
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01970200
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt068442
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01970200
IRS990ScheduleD/RevenueSubtotalAmt06722233
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FACULTY ENDOWMENT: ATTRACT AND RETAIN THE BEST TEACHERS; SCHOLARSHIP ENDOWMENT: ENROLL ENGAGED AND DEDICATED STUDENTS; CURRICULUM ENDOWMENT: CONTINUALLY ADVANCE OUR CURRICULUM
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE 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 2015. THE ACADEMY DOES NOT EXPECT A MATERIAL NET CHANGE IN UNRECOGNIZED TAX BENEFITS IN THE NEXT TWELVE MONTHS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSES 49,693. RENT OF FACILITY 18,749.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3FINANCIAL AID 1,944,132. TITLE II GRANT 26,068.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4FUNDRAISING EXPENSES 49,693. RENT OF FACILITY 18,749.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt5FINANCIAL AID 1,944,132. TITLE II TRAINING EXPENSE 26,068.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc5PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05600484
IRS990ScheduleD/TotalExpensesPerForm990Amt08682189
IRS990ScheduleD/TotalLiabilityAmt026121
IRS990ScheduleD/TotalRevenuePerForm990Amt08692433
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06790675
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06780431
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,594,554
Liabilities
$5,051,760
Net assets
$2,542,794
Revenue
$8,692,433
Expenses
$8,682,189
Net income
$10,244
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