Elgin Academy

“Line 2 explanation - harold rider and hugh rider are father and son. Fred masnato, alan scimeca and keith rauschenberger are also board members for elgin academy foundation, the cupola foundation and mulford square preservation corporation.”

“Line 11b explanation - a draft copy of the form 990 is circulated to the board members along with a copy of the audited financial statements for review and comment prior to filing.”

“Annual disclosure statements are submitted to the school for review. To date there have been no conflicts of interest.”

“The organization uses the n.a.i.s. Compensation evaluation in making determinations of compensation for top management.”

“All documents are available upon request at the organization's office during normal business hours.”

“Professional and contract service : program service expenses 0. Management and general expenses 378,383. Fundraising expenses 0. Total expenses 378,383.”

“Physical education: program service expenses 102,225. Management and general expenses 0. Fundraising expenses 0. Total expenses 102,225. Supplies: program service expenses 11,777. Management and general expenses 52,894. Fundraising expenses 1,108. Total expenses 65,779. Bad debts: program service expenses 0. Management and general expenses 54,123. Fundraising expenses 0. Total expenses 54,123. Equipment rent & maintenance : program service expenses 0. Management and general expenses 52,587. Fundraising expenses 0. Total expenses 52,587. School function & events: program service expenses 0. Management and general expenses 4,388. Fundraising expenses 30,238. Total expenses 34,626. Telephone: program service expenses 0. Management and general expenses 34,480. Fundraising expenses 0. Total expenses 34,480. Curriculum/counseling: program service expenses 28,999. Management and general expenses 0. Fundraising expenses 0. Total expenses 28,999. Social studies & library: program service expenses 22,703. Management and general expenses 0. Fundraising expenses 0. Total expenses 22,703. Art, music, crafts & drama: program service expenses 19,118. Management and general expenses 0. Fundraising expenses 0. Total expenses 19,118. Dues and subscriptions: program service expenses 0. Management and general expenses 16,845. Fundraising expenses 955. Total expenses 17,800. Testing: program service expenses 17,451. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,451. Printing: program service expenses 0. Management and general expenses 273. Fundraising expenses 16,792. Total expenses 17,065. Professional advancement: program service expenses 16,352. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,352. Other: program service expenses 0. Management and general expenses 15,438. Fundraising expenses 0. Total expenses 15,438. Personnel recruitment : program service expenses 10,737. Management and general expenses 2,630. Fundraising expenses 0. Total expenses 13,367. Math & science: program service expenses 7,794. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,794. Postage: program service expenses 0. Management and general expenses 5,865. Fundraising expenses 1,755. Total expenses 7,620. English & foreign language: program service expenses 2,875. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,875. Promotion and events: program service expenses 0. Management and general expenses 0. Fundraising expenses 2,792. Total expenses 2,792. Videography: program service expenses 583. Management and general expenses 0. Fundraising expenses 0. Total expenses 583.”

“Lender: illinois finance authority interest rate: 3.25% date of note: 6/1/2013 maturity date: 11/01/2037 beginning balance due.............................10,000,000 ending balance due.............................. 7,012,775”

“The process has not changed from the prior year.”