Civic Intelligence

Morgan Park Academy

990 • Fiscal year 2020 • EIN 36-1502650

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 25, 2021

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

84th percentile

0.69x

Higher debt load relative to assets than 84% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

74th percentile

0.62x

Higher debt load relative to revenue than 74% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

29th percentile

-3.1%

Higher net margin than 29% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

83rd percentile

$238,620

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

20th percentile

-2.5%

Faster asset growth than 20% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

36th percentile

-4.7%

Faster revenue growth than 36% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets84th percentile

Assets

Down

$7,408,459

Down $186,095 (-2.5%) from 2019

Net Assets

Down

$2,283,144

Down $259,650 (-10%) from 2019

Liabilities

Up

$5,125,315

Up $73,555 (+1.5%) from 2019

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin29th percentile

Revenue

Down

$8,280,637

Down $411,796 (-4.7%) from 2019

Expenses

Down

$8,535,627

Down $146,562 (-1.7%) from 2019

Net Income

Down

-$254,990

Down $265,234 (-2589%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth20th 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

2020

Assets$7,408,459
Liabilities$5,125,315
Net Assets$2,283,144
Open 2020 Filing

Operations Trend

Revenue Growth36th 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

2020

Revenue$8,280,637
Expenses$8,535,627
Net Income-$254,990
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 25, 2021
Return Version
2019v5.2
Gross Receipts
$8,941,288
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$5,600,484$5,479,371▼ $121,113
Cash and Non-Interest-Bearing Accounts$675,991$1,004,543▲ $328,552
Pledges and Grants Receivable$1,014,678$307,252▼ $707,426
Investments in Publicly Traded Securities$0$301,106▲ $301,106
Accounts Receivable$266,806$253,548▼ $13,258
Investments Other Securities$0$40,973▲ $40,973
Prepaid Expenses and Deferred Charges$36,595$21,666▼ $14,929
Total Assets$7,594,554$7,408,459▼ $186,095
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,896,239$2,810,994▼ $85,245
Deferred Revenue$1,753,189$1,245,047▼ $508,142
Unsecured Notes Loans Payable$0$910,700▲ $910,700
Accounts Payable and Accrued Expenses$376,211$144,689▼ $231,522
Other Liabilities$26,121$13,885▼ $12,236
Total Liabilities$5,051,760$5,125,315▲ $73,555
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,619,278$1,540,976▼ $78,302
Net Assets Without Donor Restrictions$923,516$742,168▼ $181,348
Total Net Assets Fund Balance$2,542,794$2,283,144▼ $259,650
Total Liabilities and Net Assets / Fund Balance$7,594,554$7,408,459▼ $186,095

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,355,828$2,815,563$7,171,391
Equipment$166,747$2,319,209$2,485,956
Land$676,996-$676,996
Leasehold Improvements$230,132$432,857$662,989
Other Land Buildings$49,668$485,011$534,679

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$321,000---$321,000
2018$171,000$150,000--$321,000
2017-$171,000--$171,000
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mercedes SheppardHead of SchoolFT$204,400$34,220$238,620
Louis Saggione JrDirector of Bldgs & GroundsFT$108,198$18,978$127,176
Vincent HermosillaAssistant HeadFT$101,307$9,603$110,910

Board Members and Trustees

NameTitle
Heidi EcholsBoard President
Michael HarrisBoard Vice President
Elgie R Sims JrBoard Member
Kimberly RuddBoard Member
Kishore PaluriBoard Member
Lisa Daniel-olimeneBoard Member
Sonja BrisardBoard Member
Andrea Durbin-odomBoard Secretary
Torrence MooreTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$354,221
Program Service Revenue
$7,863,009
Investment Income
$3,288
Other Revenue
$60,119
All Other Contributions
$238,794
Change in Net Assets
$-254,990

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,254,228
Revenue Not Reported on Financial Statements
$2,026,409
Revenue Not Reported on Form 990
$64,066
Other Revenue Adjustments
$2,024,557
Total Revenue per Audited Statements
$6,318,294
Total Revenue per Form 990
$8,280,637
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,982,063
Grants and Similar Amounts Paid$1,988,330
Other Expenses$1,565,234
Total Fundraising Expense$113,662
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,344,207$681,104$4,948$4,030,259
Grants to Domestic Individuals$1,988,330--$1,988,330
Other Employee Benefits$273,288$60,005$5,853$339,146
Payroll Taxes$266,122$58,432$5,699$330,253
Depreciation Depletion$280,667--$280,667
Current Officers, Directors, Trustees, and Key Employees$95,710$74,187$68,723$238,620
Occupancy$219,000--$219,000
All Other Expenses$127,420$11,838$18,043$157,301
Interest$128,991--$128,991
Information Technology$104,379--$104,379
Office Expenses$93,421-$9,381$102,802
Insurance-$97,171-$97,171
Fees for Services Other$79,853$2,653$259$82,765
Advertising$55,544$2,923-$58,467
Pension Plan Contributions$35,282$7,747$756$43,785
Other Expenses$38,875--$38,875
Fees for Service Investment Mgmnt Fees-$1,852-$1,852
Total Functional Expenses$7,424,053$997,912$113,662$8,535,627

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$8,535,627
Total Expenses per Audited Statements$6,577,944
Expenses per Audited Statements$6,509,218
Expenses Not Reported on Financial Statements$2,026,409
Other Expense Adjustments$2,024,557
Expenses Not Reported on Form 990$68,726
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$58,500
Fundraising Gross Income$27,130
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$106,330$27,130$6,115$21,015
Total Events$106,330$27,130$58,500$-31,370
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$13,885
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
2021-02-25
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
157
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

“Payroll fees: program service expenses 12,082. Management and general expenses 2,653. Fundraising expenses 259. Total expenses 14,994. Legal and accounting: program service expenses 67,771. Management and general expenses 0. Fundraising expenses 0. Total expenses 67,771.”

Form 990, Part IX, Line 24E

“Workers compensation insurance: program service expenses 31,235. Management and general expenses 6,858. Fundraising expenses 669. Total expenses 38,762. Student services: program service expenses 26,801. Management and general expenses 4,980. Fundraising expenses 0. Total expenses 31,781. Athletic department: program service expenses 21,197. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,197. Training: program service expenses 20,773. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,773. Fundraising: program service expenses 0. Management and general expenses 0. Fundraising expenses 17,374. Total expenses 17,374. Security: program service expenses 15,454. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,454. Summer school: program service expenses 6,591. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,591. Library services: program service expenses 5,369. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,369.”

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 2017. 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 49,200. Rent of facility 19,526.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Financial aid 1,988,330. Title iia grant 20,773. Title iv grant 15,454.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 49,200. Rent of facility 19,526.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Financial aid 1,988,330. Title iia training expense 20,773. Title iv training expense 15,454.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt1ASSISTANT HEAD
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR OF BLDGS & GROUNDS
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01942
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt079200
IRS990/FundraisingDirectExpensesAmt058500
IRS990/FundraisingGrossIncomeAmt027130
IRS990/GainOrLossGrp/SecuritiesAmt0-126
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt036227
IRS990/GrantAmt01988330
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01988330
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01988330
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0582499
IRS990/GrossReceiptsAmt08941288
IRS990/GrossRentsGrp/RealAmt0111015
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0104379
IRS990/InformationTechnologyGrp/TotalAmt0104379
IRS990/InsuranceGrp/ManagementAndGeneralAmt097171
IRS990/InsuranceGrp/TotalAmt097171
IRS990/InterestGrp/ProgramServicesAmt0128991
IRS990/InterestGrp/TotalAmt0128991
IRS990/InvestmentIncomeGrp/ExclusionAmt03414
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03414
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt040973
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0301106
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06052640
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05600484
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05479371
IRS990/LandBldgEquipCostOrOtherBssAmt011532011
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0582625
IRS990/LessRentalExpensesGrp/RealAmt019526
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/BOYAmt02896239
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02810994
IRS990/NetAssetsOrFundBalancesBOYAmt02542794
IRS990/NetAssetsOrFundBalancesEOYAmt02283144
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-126
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-126
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-31370
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-31370
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt091489
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt091489
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-4660
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0923516
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0742168
IRS990/NoncashContributionsAmt09300
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0219000
IRS990/OccupancyGrp/TotalAmt0219000
IRS990/OfficeExpensesGrp/FundraisingAmt09381
IRS990/OfficeExpensesGrp/ProgramServicesAmt093421
IRS990/OfficeExpensesGrp/TotalAmt0102802
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt05853
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt060005
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0273288
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0339146
IRS990/OtherExpensesGrp/Desc0BAD DEBTS EXPENSE
IRS990/OtherExpensesGrp/Desc1INSTRUCTIONAL
IRS990/OtherExpensesGrp/Desc2AFTER SCHOOL PROGRAM
IRS990/OtherExpensesGrp/Desc3SCHOOL BUS TRANSPORTATI
IRS990/OtherExpensesGrp/ProgramServicesAmt0119925
IRS990/OtherExpensesGrp/ProgramServicesAmt186609
IRS990/OtherExpensesGrp/ProgramServicesAmt286430
IRS990/OtherExpensesGrp/ProgramServicesAmt338875
IRS990/OtherExpensesGrp/TotalAmt0119925
IRS990/OtherExpensesGrp/TotalAmt186609
IRS990/OtherExpensesGrp/TotalAmt286430
IRS990/OtherExpensesGrp/TotalAmt338875
IRS990/OtherLiabilitiesGrp/BOYAmt026121
IRS990/OtherLiabilitiesGrp/EOYAmt013885
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt04948
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0681104
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03344207
IRS990/OtherSalariesAndWagesGrp/TotalAmt04030259
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt05699
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt058432
IRS990/PayrollTaxesGrp/ProgramServicesAmt0266122
IRS990/PayrollTaxesGrp/TotalAmt0330253
IRS990/PensionPlanContributionsGrp/FundraisingAmt0756
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt07747
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt035282
IRS990/PensionPlanContributionsGrp/TotalAmt043785
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01014678
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0307252
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt036595
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021666
IRS990/PrincipalOfficerNm0HEIDI ECHOLS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1ACTIVITIES & SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07655668
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1207341
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07655668
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1207341
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ACADEMY RECEIVES DONATED SERVICES FROM PARENTS OF STUDENTS. THE VALUE OF THESE SERVICES CANNOT BE DETERMINED.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0773812
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01944132
IRS990/PYInvestmentIncomeAmt07575
IRS990/PYOtherExpensesAmt01487337
IRS990/PYOtherRevenueAmt081215
IRS990/PYProgramServiceRevenueAmt07829831
IRS990/PYRevenuesLessExpensesAmt010244
IRS990/PYSalariesCompEmpBnftPaidAmt05250720
IRS990/PYTotalExpensesAmt08682189
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08692433
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-254990
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt091489
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07863009
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/BookValueAmt04355828
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02815563
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07171391
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0321000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0321000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0171000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0150000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0321000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0171000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0171000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0166747
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02319209
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02485956
IRS990ScheduleD/ExpensesNotReportedAmt068726
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt02026409
IRS990ScheduleD/ExpensesSubtotalAmt06509218
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt01852
IRS990ScheduleD/InvestmentExpensesNotIncldAmt01852
IRS990ScheduleD/LandGrp/BookValueAmt0676996
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0676996
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0230132
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0432857
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0662989
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-4660
IRS990ScheduleD/OtherExpensesIncludedAmt068726
IRS990ScheduleD/OtherExpensesNotIncludedAmt02024557
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt049668
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0485011
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0534679
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013885
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE
IRS990ScheduleD/OtherRevenueAmt068726
IRS990ScheduleD/OtherRevenuesNotIncludedAmt02024557
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt064066
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt02026409
IRS990ScheduleD/RevenueSubtotalAmt06254228
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 2017. THE ACADEMY DOES NOT EXPECT A MATERIAL NET CHANGE IN UNRECOGNIZED TAX BENEFITS IN THE NEXT TWELVE MONTHS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSES 49,200. RENT OF FACILITY 19,526.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3FINANCIAL AID 1,988,330. TITLE IIA GRANT 20,773. TITLE IV GRANT 15,454.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4FUNDRAISING EXPENSES 49,200. RENT OF FACILITY 19,526.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt5FINANCIAL AID 1,988,330. TITLE IIA TRAINING EXPENSE 20,773. TITLE IV TRAINING EXPENSE 15,454.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,408,459
Liabilities
$5,125,315
Net assets
$2,283,144
Revenue
$8,280,637
Expenses
$8,535,627
Net income
-$254,990
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