Civic Intelligence

Morgan Park Academy

990 • Fiscal year 2022 • EIN 36-1502650

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 01, 2022

Organization ProfileWWW.MORGANPARKACADEMY.ORG
2153 West 111th StreetChicago, IL 60643

(773) 881-6700

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.59x

Higher debt load relative to assets than 80% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

66th percentile

0.45x

Higher debt load relative to revenue than 66% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

38th percentile

2.0%

Higher net margin than 38% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

66th percentile

$231,309

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

46th percentile

-0.6%

Faster asset growth than 46% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

53rd percentile

5.8%

Faster revenue growth than 53% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$7,353,923

Down $46,732 (-0.6%) from 2021

Net Assets

Up

$3,014,031

Up $75,796 (+2.6%) from 2021

Liabilities

Down

$4,339,892

Down $122,528 (-2.7%) from 2021

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin38th percentile

Revenue

Up

$9,629,614

Up $527,896 (+5.8%) from 2021

Expenses

Up

$9,436,714

Up $856,748 (+10.0%) from 2021

Net Income

Down

$192,900

Down $328,852 (-63%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth46th 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

2022

Assets$7,353,923
Liabilities$4,339,892
Net Assets$3,014,031
Open 2022 Filing

Operations Trend

Revenue Growth53rd 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

2022

Revenue$9,629,614
Expenses$9,436,714
Net Income$192,900
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 1, 2022
Return Version
2021v4.2
Gross Receipts
$10,115,704
Mission and Program Overview

Mission

Morgan park academy operates a private independent school for preschool through grade 12

A private independent school for pre-school - 12th grade

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,329,369$5,282,885▼ $46,484
Investments in Publicly Traded Securities$1,102,647$1,124,861▲ $22,214
Cash and Non-Interest-Bearing Accounts$859,934$728,444▼ $131,490
Accounts Receivable$36,272$112,596▲ $76,324
Investments Other Securities$66,193$71,488▲ $5,295
Prepaid Expenses and Deferred Charges$3,740$33,649▲ $29,909
Pledges and Grants Receivable$2,500$0▼ $2,500
Total Assets$7,400,655$7,353,923▼ $46,732
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,718,047$2,611,386▼ $106,661
Deferred Revenue$1,421,077$1,410,002▼ $11,075
Accounts Payable and Accrued Expenses$322,351$318,504▼ $3,847
Other Liabilities$945$0▼ $945
Total Liabilities$4,462,420$4,339,892▼ $122,528
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,660,848$1,750,255▲ $89,407
Net Assets With Donor Restrictions$1,277,387$1,263,776▼ $13,611
Total Net Assets Fund Balance$2,938,235$3,014,031▲ $75,796
Total Liabilities and Net Assets / Fund Balance$7,400,655$7,353,923▼ $46,732

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,169,872$3,167,842$7,337,714
Equipment$220,898$2,427,081$2,647,979
Land$676,996-$676,996
Leasehold Improvements$181,587$488,481$670,068
Other Land Buildings$33,532$503,133$536,665

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$266,530--$15,575$252,919
2020$321,000-▲ $34,204$88,674$266,530
2019$321,000---$321,000
2018$171,000$150,000--$321,000
2017-$171,000--$171,000
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mercedes SheppardHead of SchoolFT$199,294$32,015$231,309
Louis Saggione JrDirector of Bldgs & GroundFT$114,539$23,172$137,711
Vincent HermosillaAssistant Head of SchoolFT$110,142$999$111,141

Board Members and Trustees

NameTitle
Heidi YernbergBoard President
Andrea Durbin-odomBoard Vice President
Amy DelaneyBoard Member
Elgie SimsBoard Member
Karin Norington-reavesBoard Member
Kishore PaluriBoard Member
Marcus CrawfordBoard Member
Torrence MooreBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$419,041
Program Service Revenue
$9,077,573
Investment Income
$19,287
Other Revenue
$113,713
All Other Contributions
$196,794
Change in Net Assets
$192,900

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$54,456Fair Market Value (FMV)
Other Non Cash Contri Table1$9,631Fair Market Value (FMV)
Total Noncash Contributions2$64,087-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,866,758
Revenue Not Reported on Financial Statements
$2,762,856
Revenue Not Reported on Form 990
$-18,106
Other Revenue Adjustments
$2,751,372
Total Revenue per Audited Statements
$6,848,652
Total Revenue per Form 990
$9,629,614
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,050,711
Grants and Similar Amounts Paid$2,625,765
Other Expenses$1,760,238
Total Fundraising Expense$150,130
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,412,547$729,391$14,096$4,156,034
Grants to Domestic Individuals$2,625,765--$2,625,765
Payroll Taxes$270,791$62,363$6,799$339,953
Occupancy$337,671--$337,671
Other Employee Benefits$248,625$57,258$6,242$312,125
Depreciation Depletion$281,512--$281,512
Current Officers, Directors, Trustees, and Key Employees$82,205$75,452$73,651$231,308
All Other Expenses$115,052$4,821$32,373$152,246
Interest$141,766--$141,766
Office Expenses$102,272-$16,403$118,675
Information Technology$105,304--$105,304
Insurance-$101,011-$101,011
Fees for Services Other$88,901$3,116$340$92,357
Advertising$78,993--$78,993
Other Expenses$50,892--$50,892
Travel$15,200--$15,200
Fees for Service Investment Mgmnt Fees-$11,484-$11,484
Pension Plan Contributions$8,994$2,071$226$11,291
Total Functional Expenses$8,239,617$1,046,967$150,130$9,436,714

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$9,436,714
Total Expenses per Audited Statements$6,772,856
Expenses per Audited Statements$6,673,858
Expenses Not Reported on Financial Statements$2,762,856
Other Expense Adjustments$2,751,372
Expenses Not Reported on Form 990$98,998
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$117,708
Fundraising Direct Expenses$86,516
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$198,195$109,555$16,898$92,657
Golf Outing$16,153$8,153-$8,153
Total Events$214,348$117,708$86,516$31,192
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 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
Kishore Paluri
Title
Board President
Phone
7738816700
Signed
2022-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kishore Paluri
Formed
1942
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
8
Employees
161
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 13,530. Management and general expenses 3,116. Fundraising expenses 340. Total expenses 16,986. Legal and accounting: program service expenses 75,371. Management and general expenses 0. Fundraising expenses 0. Total expenses 75,371.”

Form 990, Part IX, Line 24E

“Instructional: program service expenses 36,007. Management and general expenses 0. Fundraising expenses 0. Total expenses 36,007. Athletic department: program service expenses 34,819. Management and general expenses 0. Fundraising expenses 0. Total expenses 34,819. Fundraising: program service expenses 0. Management and general expenses 0. Fundraising expenses 31,847. Total expenses 31,847. Workers compensation insurance: program service expenses 20,933. Management and general expenses 4,821. Fundraising expenses 526. Total expenses 26,280. Bad debts expense: program service expenses 22,936. Management and general expenses 0. Fundraising expenses 0. Total expenses 22,936. Library services: program service expenses 357. Management and general expenses 0. Fundraising expenses 0. Total expenses 357.”

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 2019. 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 76,885. Rent of facility 22,113.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Financial aid 2,625,765. Title iia grant 29,916. Title iv grant 67,445. Esser grant 28,246.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 76,885. Rent of facility 22,113.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Financial aid 2,625,765. Title iia training expense 29,916. Title iv training expense 67,445. Esser grant 28,246.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR OF BLDGS & GROUND
IRS990/Form990PartVIISectionAGrp/TitleTxt10ASSISTANT HEAD OF SCHOOL
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01942
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt096640
IRS990/FundraisingDirectExpensesAmt086516
IRS990/FundraisingGrossIncomeAmt0117708
IRS990/GainOrLossGrp/SecuritiesAmt02749
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt0125607
IRS990/GrantAmt02625765
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt02625765
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt02625765
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0380210
IRS990/GrossReceiptsAmt010115704
IRS990/GrossRentsGrp/RealAmt0104634
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0105304
IRS990/InformationTechnologyGrp/TotalAmt0105304
IRS990/InsuranceGrp/ManagementAndGeneralAmt0101011
IRS990/InsuranceGrp/TotalAmt0101011
IRS990/InterestGrp/ProgramServicesAmt0141766
IRS990/InterestGrp/TotalAmt0141766
IRS990/InvestmentIncomeGrp/ExclusionAmt016538
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt016538
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt066193
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt071488
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01102647
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01124861
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06586537
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05329369
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05282885
IRS990/LandBldgEquipCostOrOtherBssAmt011869422
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0377461
IRS990/LessRentalExpensesGrp/RealAmt022113
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/BOYAmt02718047
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02611386
IRS990/NetAssetsOrFundBalancesBOYAmt02938235
IRS990/NetAssetsOrFundBalancesEOYAmt03014031
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt02749
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02749
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt031192
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt031192
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt082521
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt082521
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-117104
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01660848
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01750255
IRS990/NoncashContributionsAmt064087
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0337671
IRS990/OccupancyGrp/TotalAmt0337671
IRS990/OfficeExpensesGrp/FundraisingAmt016403
IRS990/OfficeExpensesGrp/ProgramServicesAmt0102272
IRS990/OfficeExpensesGrp/TotalAmt0118675
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt06242
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt057258
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0248625
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0312125
IRS990/OtherExpensesGrp/Desc0EQUIPMENT
IRS990/OtherExpensesGrp/Desc1STUDENT SERVICES
IRS990/OtherExpensesGrp/Desc2AFTER SCHOOL PROGRAM
IRS990/OtherExpensesGrp/Desc3SUMMER SCHOOL
IRS990/OtherExpensesGrp/ProgramServicesAmt0125607
IRS990/OtherExpensesGrp/ProgramServicesAmt177268
IRS990/OtherExpensesGrp/ProgramServicesAmt270252
IRS990/OtherExpensesGrp/ProgramServicesAmt350892
IRS990/OtherExpensesGrp/TotalAmt0125607
IRS990/OtherExpensesGrp/TotalAmt177268
IRS990/OtherExpensesGrp/TotalAmt270252
IRS990/OtherExpensesGrp/TotalAmt350892
IRS990/OtherLiabilitiesGrp/BOYAmt0945
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt014096
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0729391
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03412547
IRS990/OtherSalariesAndWagesGrp/TotalAmt04156034
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt06799
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt062363
IRS990/PayrollTaxesGrp/ProgramServicesAmt0270791
IRS990/PayrollTaxesGrp/TotalAmt0339953
IRS990/PensionPlanContributionsGrp/FundraisingAmt0226
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02071
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt08994
IRS990/PensionPlanContributionsGrp/TotalAmt011291
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02500
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03740
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt033649
IRS990/PrincipalOfficerNm0KISHORE PALURI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1ACTIVITIES & SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08845001
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1232572
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08845001
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1232572
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ACADEMY RECEIVES DONATED SERVICES FROM PARENTS OF STUDENTS. THE VALUE OF THESE SERVICES CANNOT BE DETERMINED.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01465354
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01959908
IRS990/PYInvestmentIncomeAmt08091
IRS990/PYOtherExpensesAmt01936863
IRS990/PYOtherRevenueAmt089099
IRS990/PYProgramServiceRevenueAmt07539174
IRS990/PYRevenuesLessExpensesAmt0521752
IRS990/PYSalariesCompEmpBnftPaidAmt04683195
IRS990/PYTotalExpensesAmt08579966
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt09101718
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0192900
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt082521
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt09077573
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/BookValueAmt04169872
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03167842
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07337714
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt01964
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0266530
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0252919
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt015575
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0321000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0266530
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt034204
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt088674
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0321000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0321000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0171000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0150000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0321000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0171000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0171000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0220898
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02427081
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02647979
IRS990ScheduleD/ExpensesNotReportedAmt098998
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt02762856
IRS990ScheduleD/ExpensesSubtotalAmt06673858
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt011484
IRS990ScheduleD/InvestmentExpensesNotIncldAmt011484
IRS990ScheduleD/LandGrp/BookValueAmt0676996
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0676996
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0181587
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0488481
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0670068
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-117104
IRS990ScheduleD/OtherExpensesIncludedAmt098998
IRS990ScheduleD/OtherExpensesNotIncludedAmt02751372
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt033532
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0503133
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0536665
IRS990ScheduleD/OtherRevenueAmt098998
IRS990ScheduleD/OtherRevenuesNotIncludedAmt02751372
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.92000
IRS990ScheduleD/RevenueNotReportedAmt0-18106
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt02762856
IRS990ScheduleD/RevenueSubtotalAmt06866758
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 2019. THE ACADEMY DOES NOT EXPECT A MATERIAL NET CHANGE IN UNRECOGNIZED TAX BENEFITS IN THE NEXT TWELVE MONTHS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSES 76,885. RENT OF FACILITY 22,113.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3FINANCIAL AID 2,625,765. TITLE IIA GRANT 29,916. TITLE IV GRANT 67,445. ESSER GRANT 28,246.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4FUNDRAISING EXPENSES 76,885. RENT OF FACILITY 22,113.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt5FINANCIAL AID 2,625,765. TITLE IIA TRAINING EXPENSE 29,916. TITLE IV TRAINING EXPENSE 67,445. ESSER GRANT 28,246.
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:

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,353,923
Liabilities
$4,339,892
Net assets
$3,014,031
Revenue
$9,629,614
Expenses
$9,436,714
Net income
$192,900
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