Civic Intelligence

Elgin Academy

990 • Fiscal year 2021 • EIN 36-2205984

Jul 01, 2020 to Jun 30, 2021 • Filed on May 12, 2022

Organization ProfileWWW.ELGINACADEMY.ORG

View Organization Page

350 Park StreetElgin, IL 60120

(847) 695-0300

Siviq Scores

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

Liabilities / Assets

74th percentile

0.46x

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

81st percentile

0.98x

Higher debt load relative to revenue than 81% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

43rd percentile

9.3%

Higher net margin than 43% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

65th percentile

$220,960

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

17th percentile

-1.9%

Faster asset growth than 17% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

24th percentile

-3.3%

Faster revenue growth than 24% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets74th percentile

Assets

Down

$17,506,003

Down $331,304 (-1.9%) from 2020

Net Assets

Up

$9,508,367

Up $752,204 (+8.6%) from 2020

Liabilities

Down

$7,997,636

Down $1,083,508 (-12%) from 2020

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin43rd percentile

Revenue

Down

$8,125,869

Down $278,776 (-3.3%) from 2020

Expenses

Down

$7,373,665

Down $860,366 (-10%) from 2020

Net Income

Up

$752,204

Up $581,590 (+341%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2018: $19,939,693Liabilities 2018: $11,522,803Net Assets 2018: $8,416,8902018Assets 2019: $19,337,615Liabilities 2019: $10,752,066Net Assets 2019: $8,585,5492019Assets 2020: $17,837,307Liabilities 2020: $9,081,144Net Assets 2020: $8,756,1632020Assets 2021: $17,506,003Liabilities 2021: $7,997,636Net Assets 2021: $9,508,3672021Assets 2022: $16,000,808Liabilities 2022: $7,386,857Net Assets 2022: $8,613,9512022Assets 2023: $17,687,093Liabilities 2023: $7,319,990Net Assets 2023: $10,367,1032023Assets 2024: $10,943,324Liabilities 2024: $3,522,189Net Assets 2024: $7,421,1352024

Highlighted filing

2021

Assets$17,506,003
Liabilities$7,997,636
Net Assets$9,508,367
Open 2021 Filing

Operations Trend

Revenue Growth24th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2018: $8,579,236Expenses 2018: $8,473,305Net Income 2018: $105,9312018Revenue 2019: $8,877,527Expenses 2019: $8,708,868Net Income 2019: $168,6592019Revenue 2020: $8,404,645Expenses 2020: $8,234,031Net Income 2020: $170,6142020Revenue 2021: $8,125,869Expenses 2021: $7,373,665Net Income 2021: $752,2042021Revenue 2022: $8,213,882Expenses 2022: $9,108,298Net Income 2022: -$894,4162022Revenue 2023: $10,772,505Expenses 2023: $9,019,353Net Income 2023: $1,753,1522023Revenue 2024: $5,686,606Expenses 2024: $8,618,323Net Income 2024: -$2,931,7172024

Highlighted filing

2021

Revenue$8,125,869
Expenses$7,373,665
Net Income$752,204
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 12, 2022
Return Version
2020v4.2
Gross Receipts
$8,227,786
Mission and Program Overview

Mission

Elgin academy is a preschool through grade 12 independent college preparatory, coeducational day school committed to academic excellence and developing the full potential of each of its students.

School committed to academic excellence and developing the full potential of each of its students

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,210,360$9,910,034▼ $300,326
Cash and Non-Interest-Bearing Accounts$1,071,340$1,004,438▼ $66,902
Prepaid Expenses and Deferred Charges$67,993$96,965▲ $28,972
Accounts Receivable$973,437$56,772▼ $916,665
Intangible Assets$68,233$52,487▼ $15,746
Total Assets$17,837,307$17,506,003▼ $331,304
Other Assets Total$5,445,944$6,385,307▲ $939,363
Liabilities
Tax Exempt Bond Liabilities$4,565,013$4,369,680▼ $195,333
Deferred Revenue$2,890,568$2,127,988▼ $762,580
Unsecured Notes Loans Payable$757,889$757,890▲ $1
Other Liabilities$785,181$544,431▼ $240,750
Accounts Payable and Accrued Expenses$82,493$197,647▲ $115,154
Total Liabilities$9,081,144$7,997,636▼ $1,083,508
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,863,987$6,763,299▼ $100,688
Net Assets With Donor Restrictions$1,892,176$2,745,068▲ $852,892
Total Net Assets Fund Balance$8,756,163$9,508,367▲ $752,204
Total Liabilities and Net Assets / Fund Balance$17,837,307$17,506,003▼ $331,304

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,206,610$6,401,699$15,608,309
Other Land Buildings$558,786$2,181,385$2,740,171
Equipment$93,015$1,250,842$1,343,857
Land$51,623-$51,623
Leasehold Improvements$0--
Other Assets Org$6,385,307--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$5,439,744$45,775▲ $1,024,172$88,258$6,385,305
2019$6,483,399$13,200▲ $224,405$1,256,520$5,439,744
2018$6,754,144$31,200▲ $346,478$622,324$6,483,399
2017$6,902,797$32,100▲ $661,307$814,865$6,754,144
2016$6,188,176$450,025▲ $860,870$564,419$6,902,797
Compensation and Service Providers
Top Officer Pay65th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Seth HanfordHead of SchoolFT$220,960$220,960
Marnie KutHead of External AffairsFT$150,960$150,960
Douglas SeptAssistant Head of SchoolFT$121,017$121,017

Board Members and Trustees

NameTitle
Margaret WardChairman
Richard MiloneVice-chair
Alan ScimecaTrustee
Danielle SmileyTrustee
Fred MasnatoTrustee
Harold D RiderTrustee
Jay WittmeyerTrustee
Keith RauschenbergerTrustee
Laura AndersonTrustee
Mike WarrenTrustee
Phil CowenTrustee
Rhonda DwyerTrustee
Sandy KirkTrustee
Steve DadoucheTrustee
John YavariSecretary
William PadulaTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Bee Line SupportCleaning Services1826 S CLINTON ST, Chicago, IL 60616$139,156
Revenue and Support

Revenue Composition

Contributions and Grants
$2,213,660
Program Service Revenue
$5,739,774
Investment Income
$1,894
Other Revenue
$170,541
All Other Contributions
$461,222
Change in Net Assets
$752,204

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,367,266
Revenue Not Reported on Financial Statements
$1,758,603
Revenue Not Reported on Form 990
$101,887
Other Revenue Adjustments
$1,758,603
Total Revenue per Audited Statements
$6,469,153
Total Revenue per Form 990
$8,125,869
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,570,213
Other Expenses$2,044,852
Grants and Similar Amounts Paid$1,758,600
Total Fundraising Expense$187,335
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,570,652$882,362$89,830$2,542,844
Grants to Domestic Individuals$1,758,600--$1,758,600
Current Officers, Directors, Trustees, and Key Employees$304,475$171,048$17,414$492,937
All Other Expenses$191,048$238,615$13,514$443,177
Fees for Services Other-$433,412-$433,412
Depreciation Depletion$250,229$135,042$11,915$397,186
Other Employee Benefits$229,242$79,374$7,927$316,543
Payroll Taxes$137,973$72,034$7,882$217,889
Interest-$171,463-$171,463
Other Expenses$70,352$37,967$3,350$111,669
Insurance$55,470$33,219$2,641$91,330
Travel-$2,692$70$2,762
Total Functional Expenses$4,845,058$2,341,272$187,335$7,373,665

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,373,665
Total Expenses per Audited Statements$5,716,952
Expenses per Audited Statements$5,615,065
Expenses Not Reported on Financial Statements$1,758,600
Other Expense Adjustments$1,758,600
Expenses Not Reported on Form 990$101,887
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$241,278
Fundraising Direct Expenses$64,637
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$210,524$210,524$28,987$181,537
Parents Association$17,749$17,749$35,650$-17,901
Total Events$241,278$241,278$64,637$176,641
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expenses$294,431
Line of Credit$250,000

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIllinois Finance Authority2013-06-01$10,000,000FUNDING FOR CONSTRUCTION

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Margaret ward, richard milone and william padula are also board members for elgin academy foundation and mulford square preservation corporation.”

Form 990, Part VI, Section B, Line 11B

“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.”

Form 990, Part VI, Section B, Line 12C

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

Form 990, Part VI, Section B, Line 15

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

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Elgin Academy
EIN
36-2205984
Phone
8476950300
Address
350 PARK STREET, ELGIN, IL 60120

Signing Officer

Name
Margaret Ward
Title
Chairman
Phone
8476950300
Signed
2022-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Margaret Ward
Formed
1957
Legal Domicile
Il
Voting Board Members
15
Independent Board Members
15
Employees
93
Volunteers
100

Preparer

Firm
Rubinbrown Llp
Address
225 W WACKER DRIVE, CHICAGO, IL 60606
Preparer
Bruce Schiff
Phone
3124251099
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

“In january 2020, a novel strain of coronavirus (covid-19) spread worldwide, including the united states. The impact of the virus varies from region to region and from day to day, and any significant additional spreading of the virus could continue to affect the academy's revenue and other support. In compliance with government mandates, from march 2020 through the conclusion of the 2019-2020 school year, the academy had to convert to distance learning. The 2020-2021 school year has begun with a phased-in approach to return students to onsite learning. The continued outbreak of the covid-19 virus is likely to also have a further negative impact in 2021 on the economy, which in the future, might impact the academy's ability to fundraise. All of these factors could have a significant impact on the academy's financial results in 2021 and beyond. Given the dynamic nature of this outbreak, however, the extent to which the covid-19 virus will impact the academy's results will depend on future developments, which remain highly uncertain and cannot be predicted at this time.”

Form 990, Part X, Line 20 - Tax Exempt Bond Liabilities

“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.............................. 4,369,680”

FORM 990, PART XII, LINE 2C:

“The organization didn't change its oversight process and selection process during the tax year.”

Form 990, Schedule R, Part V, Line 4D

“The elgin academy foundation and elgin academy had jointly guaranteed the bond and loan agreement in the amount of $4,515,852 with first american bank.”

Financial Statement Notes

PART II, LINE 9:

“There is no revenue or expenses incurred as a result of these easements. The easements are not recognized on the balance sheet because there were no costs involved in the acquisition of these easements and they are not considered to have value since they do not generate income.”

PART III, LINE 1A:

“There is no revenue or expenses incurred on the academy's art collection. In conformity with industry practice, the academy reflects its donated art collection on the balance sheet at nominal value.”

PART III, LINE 4:

“Elgin academy's art collection promotes the appreciation of the arts by providing its students with the ability to examine first hand works of fine art. It is also a starting point for scholarly research.”

PART V, LINE 4:

“To provide support for educational programs”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising events - shown net of exp 64,637. Rental inc shown net of exp on form 990 37,250.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Fin aid shown net in tuition on the f/s 1,685,100. Contra-revenue scholarship tuition on the f/s 73,500. Rouding adjustment 3.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising events - shown net of exp 64,637. Rental inc shown net of exp on form 990 37,250.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Fin aid shown net in tuition on the f/s 1,685,100. Contra-revenue scholarship tuition on the f/s 73,500.”

Raw XML AppendixShowing 400 of 818 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/BOYAmt082493
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0197647
IRS990/AccountsReceivableGrp/BOYAmt0973437
IRS990/AccountsReceivableGrp/EOYAmt056772
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SCHOOL COMMITTED TO ACADEMIC EXCELLENCE AND DEVELOPING THE FULL POTENTIAL OF EACH OF ITS STUDENTS
IRS990/AllOtherContributionsAmt0461222
IRS990/AllOtherExpensesGrp/FundraisingAmt013514
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0238615
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0191048
IRS990/AllOtherExpensesGrp/TotalAmt0443177
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JAY IKEZOE
IRS990/BooksInCareOfDetail/PhoneNum08476950309
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0350 PARK STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0ELGIN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060120
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt01071340
IRS990/CashNonInterestBearingGrp/EOYAmt01004438
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd01
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt017414
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0171048
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0304475
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0492937
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd01
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContractorCompensationGrp/CompensationAmt0139156
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt01826 S CLINTON ST
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0CHICAGO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd060616
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0BEE LINE SUPPORT
IRS990/ContractorCompensationGrp/ServicesDesc0CLEANING SERVICES
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02213660
IRS990/CYGrantsAndSimilarPaidAmt01758600
IRS990/CYInvestmentIncomeAmt01894
IRS990/CYOtherExpensesAmt02044852
IRS990/CYOtherRevenueAmt0170541
IRS990/CYProgramServiceRevenueAmt05739774
IRS990/CYRevenuesLessExpensesAmt0752204
IRS990/CYSalariesCompEmpBnftPaidAmt03570213
IRS990/CYTotalExpensesAmt07373665
IRS990/CYTotalFundraisingExpenseAmt0187335
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt08125869
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt02890568
IRS990/DeferredRevenueGrp/EOYAmt02127988
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/FundraisingAmt011915
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0135042
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0250229
IRS990/DepreciationDepletionGrp/TotalAmt0397186
IRS990/Desc0OPERATION OF AN EDUCATIONAL INSTITUTION.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt01892176
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt02745068
IRS990/DonorRstrOrQuasiEndowmentsInd01
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt093
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountInd00
IRS990/ExpenseAmt04845058
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0433412
IRS990/FeesForServicesOtherGrp/TotalAmt0433412
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt132.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt142.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt152.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt151.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1840.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
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/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
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/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/PersonNm0MIKE WARREN
IRS990/Form990PartVIISectionAGrp/PersonNm1MARGARET WARD
IRS990/Form990PartVIISectionAGrp/PersonNm2DANIELLE SMILEY
IRS990/Form990PartVIISectionAGrp/PersonNm3LAURA ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm4SANDY KIRK
IRS990/Form990PartVIISectionAGrp/PersonNm5ALAN SCIMECA
IRS990/Form990PartVIISectionAGrp/PersonNm6FRED MASNATO
IRS990/Form990PartVIISectionAGrp/PersonNm7KEITH RAUSCHENBERGER
IRS990/Form990PartVIISectionAGrp/PersonNm8HAROLD D RIDER
IRS990/Form990PartVIISectionAGrp/PersonNm9JOHN YAVARI
IRS990/Form990PartVIISectionAGrp/PersonNm10PHIL COWEN
IRS990/Form990PartVIISectionAGrp/PersonNm11RHONDA DWYER
IRS990/Form990PartVIISectionAGrp/PersonNm12RICHARD MILONE
IRS990/Form990PartVIISectionAGrp/PersonNm13WILLIAM PADULA
IRS990/Form990PartVIISectionAGrp/PersonNm14STEVE DADOUCHE
IRS990/Form990PartVIISectionAGrp/PersonNm15JAY WITTMEYER
IRS990/Form990PartVIISectionAGrp/PersonNm16SETH HANFORD
IRS990/Form990PartVIISectionAGrp/PersonNm17MARNIE KUT
IRS990/Form990PartVIISectionAGrp/PersonNm18DOUGLAS SEPT
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/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16220960
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17150960
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18121017
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/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt13TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt17HEAD OF EXTERNAL AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt18ASSISTANT HEAD OF SCHOOL
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01957
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt064637
IRS990/FundraisingGrossIncomeAmt0241278
IRS990/GainOrLossGrp/SecuritiesAmt0-30
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GovernmentGrantsAmt01752438
IRS990/GrantAmt01758600
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01758600
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01758600
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd01
IRS990/GrossReceiptsAmt08227786
IRS990/GrossRentsGrp/RealAmt031150
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXInd0X
IRS990/InsuranceGrp/FundraisingAmt02641
IRS990/InsuranceGrp/ManagementAndGeneralAmt033219
IRS990/InsuranceGrp/ProgramServicesAmt055470
IRS990/InsuranceGrp/TotalAmt091330
IRS990/IntangibleAssetsGrp/BOYAmt068233
IRS990/IntangibleAssetsGrp/EOYAmt052487
IRS990/InterestGrp/ManagementAndGeneralAmt0171463
IRS990/InterestGrp/TotalAmt0171463
IRS990/InvestmentIncomeGrp/ExclusionAmt01924
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01924
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt024
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt09833926
IRS990/LandBldgEquipBasisNetGrp/BOYAmt010210360
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09910034
IRS990/LandBldgEquipCostOrOtherBssAmt019743960
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt030
IRS990/LessRentalExpensesGrp/RealAmt037250
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0ELGIN ACADEMY IS A PRESCHOOL THROUGH GRADE 12 INDEPENDENT COLLEGE PREPARATORY, COEDUCATIONAL DAY SCHOOL COMMITTED TO ACADEMIC EXCELLENCE AND DEVELOPING THE FULL POTENTIAL OF EACH OF ITS STUDENTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt08756163
IRS990/NetAssetsOrFundBalancesEOYAmt09508367
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-30
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-30
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0176641
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0176641
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-6100
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-6100
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt06863987
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06763299
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05445944
IRS990/OtherAssetsTotalGrp/EOYAmt06385307
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt07927
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt079374
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0229242
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0316543
IRS990/OtherExpensesGrp/Desc0COMPUTER EXPENSES
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2STUDENT ACTIVITIES
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/FundraisingAmt029115
IRS990/OtherExpensesGrp/FundraisingAmt13677
IRS990/OtherExpensesGrp/FundraisingAmt23350
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt042367
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt141677
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt237967
IRS990/OtherExpensesGrp/ProgramServicesAmt078504
IRS990/OtherExpensesGrp/ProgramServicesAmt177224
IRS990/OtherExpensesGrp/ProgramServicesAmt2121289
IRS990/OtherExpensesGrp/ProgramServicesAmt370352
IRS990/OtherExpensesGrp/TotalAmt0149986
IRS990/OtherExpensesGrp/TotalAmt1122578
IRS990/OtherExpensesGrp/TotalAmt2121289
IRS990/OtherExpensesGrp/TotalAmt3111669
IRS990/OtherLiabilitiesGrp/BOYAmt0785181
IRS990/OtherLiabilitiesGrp/EOYAmt0544431
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt089830
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0882362
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01570652
IRS990/OtherSalariesAndWagesGrp/TotalAmt02542844
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt07882
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt072034
IRS990/PayrollTaxesGrp/ProgramServicesAmt0137973
IRS990/PayrollTaxesGrp/TotalAmt0217889
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt067993
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt096965
IRS990/PrincipalOfficerNm0MARGARET WARD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1FEES AND AUX. SERVICES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05565784
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1156266
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt217724
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05565784
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1156266
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt217724
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01562495
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01625594
IRS990/PYInvestmentIncomeAmt012507
IRS990/PYOtherExpensesAmt02357275
IRS990/PYOtherRevenueAmt0249212
IRS990/PYProgramServiceRevenueAmt06580431
IRS990/PYRevenuesLessExpensesAmt0170614
IRS990/PYSalariesCompEmpBnftPaidAmt04251162
IRS990/PYTotalExpensesAmt08234031
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08404645
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/ReconcilationRevenueExpnssAmt0752204
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt0-6100
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,506,003
Liabilities
$7,997,636
Net assets
$9,508,367
Revenue
$8,125,869
Expenses
$7,373,665
Net income
$752,204
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.9$3.52$7.42$5.69$8.62$2.93
2023Detailed filing. Detailed filing data is available for this year.$17.7$7.32$10.4$10.8$9.02$1.75
2022Detailed filing. Detailed filing data is available for this year.$16.0$7.39$8.61$8.21$9.11$0.89
2021Detailed filing. Detailed filing data is available for this year.$17.5$8.00$9.51$8.13$7.37$0.75
2020Detailed filing. Detailed filing data is available for this year.$17.8$9.08$8.76$8.40$8.23$0.17
2019Detailed filing. Detailed filing data is available for this year.$19.3$10.8$8.59$8.88$8.71$0.17
2018Detailed filing. Detailed filing data is available for this year.$19.9$11.5$8.42$8.58$8.47$0.11