Civic Intelligence

Wheaton Academy

990 • Fiscal year 2015 • EIN 36-2388793

Aug 01, 2014 to Jul 31, 2015 • Filed on Mar 18, 2016

Organization ProfileWWW.WHEATONACADEMY.ORG

View Organization Page

900 Prince CrossingWest Chicago, IL 60185

(630) 562-7500

Siviq Scores

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

Liabilities / Assets

67th percentile

0.46x

Higher debt load relative to assets than 67% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

79th percentile

1.12x

Higher debt load relative to revenue than 79% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Net Margin

56th percentile

5.7%

Higher net margin than 56% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

30th percentile

$174,080

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Asset Growth

56th percentile

2.8%

Faster asset growth than 56% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

22nd percentile

-6.8%

Faster revenue growth than 22% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$41,744,067

Up $1,135,806 (+2.8%) from 2014

Net Assets

Up

$22,418,669

Up $915,729 (+4.3%) from 2014

Liabilities

Up

$19,325,398

Up $220,077 (+1.2%) from 2014

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin56th percentile

Revenue

Down

$17,232,312

Down $1,264,522 (-6.8%) from 2014

Expenses

Up

$16,255,790

Up $1,365,414 (+9.2%) from 2014

Net Income

Down

$976,522

Down $2,629,936 (-73%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

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

$80M$60M$40M$20M$0Assets 2012: $36,697,535Liabilities 2012: $18,031,962Net Assets 2012: $18,665,5732012Assets 2013: $37,172,837Liabilities 2013: $18,672,697Net Assets 2013: $18,500,1402013Assets 2014: $40,608,261Liabilities 2014: $19,105,321Net Assets 2014: $21,502,9402014Assets 2015: $41,744,067Liabilities 2015: $19,325,398Net Assets 2015: $22,418,6692015Assets 2016: $42,872,124Liabilities 2016: $19,259,773Net Assets 2016: $23,612,3512016Assets 2017: $43,150,690Liabilities 2017: $19,683,812Net Assets 2017: $23,466,8782017Assets 2018: $44,142,836Liabilities 2018: $20,757,580Net Assets 2018: $23,385,2562018Assets 2019: $44,629,919Liabilities 2019: $21,000,278Net Assets 2019: $23,629,6412019Assets 2020: $39,684,406Liabilities 2020: $14,090,834Net Assets 2020: $25,593,5722020Assets 2021: $41,216,883Liabilities 2021: $14,737,193Net Assets 2021: $26,479,6902021Assets 2022: $48,341,275Liabilities 2022: $15,797,131Net Assets 2022: $32,544,1442022Assets 2023: $55,453,288Liabilities 2023: $20,545,902Net Assets 2023: $34,907,3862023Assets 2024: $67,923,396Liabilities 2024: $26,103,675Net Assets 2024: $41,819,7212024

Highlighted filing

2015

Assets$41,744,067
Liabilities$19,325,398
Net Assets$22,418,669
Open 2015 Filing

Operations Trend

Revenue Growth22nd percentile

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

$30M$20M$10M$0-$10MExpenses 2012: $13,179,3882012Expenses 2013: $13,730,7272013Revenue 2014: $18,496,834Expenses 2014: $14,890,376Net Income 2014: $3,606,4582014Revenue 2015: $17,232,312Expenses 2015: $16,255,790Net Income 2015: $976,5222015Revenue 2016: $16,885,410Expenses 2016: $15,558,685Net Income 2016: $1,326,7252016Revenue 2017: $14,529,930Expenses 2017: $14,658,903Net Income 2017: -$128,9732017Revenue 2018: $16,089,664Expenses 2018: $16,171,286Net Income 2018: -$81,6222018Revenue 2019: $17,206,661Expenses 2019: $16,960,604Net Income 2019: $246,0572019Revenue 2020: $19,169,438Expenses 2020: $17,205,507Net Income 2020: $1,963,9312020Revenue 2021: $18,989,425Expenses 2021: $18,103,307Net Income 2021: $886,1182021Revenue 2022: $25,254,594Expenses 2022: $19,190,140Net Income 2022: $6,064,4542022Revenue 2023: $21,917,855Expenses 2023: $19,554,613Net Income 2023: $2,363,2422023Revenue 2024: $26,709,439Expenses 2024: $19,901,042Net Income 2024: $6,808,3972024

Highlighted filing

2015

Revenue$17,232,312
Expenses$16,255,790
Net Income$976,522
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2014 to Jul 31, 2015
Signed
Mar 18, 2016
Return Version
2014v6.0
Gross Receipts
$23,618,043
Mission and Program Overview

Mission

Provide an educational program that is characterized by Biblical values and traditional educational standards using innovative curriculum centered on a caring student/teacher relationship.

Operation of an accredited high school

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$20,279,729$20,543,692▲ $263,963
Savings and Temporary Cash Investments$9,599,898$8,198,881▼ $1,401,017
Cash and Non-Interest-Bearing Accounts$4,862,358$5,242,111▲ $379,753
Accounts Receivable$3,882,233$4,174,905▲ $292,672
Pledges and Grants Receivable$691,792$1,502,736▲ $810,944
Investments in Publicly Traded Securities$230,917$1,374,510▲ $1,143,593
Prepaid Expenses and Deferred Charges$308,937$341,027▲ $32,090
Inventories for Sale or Use$229,197$7,115▼ $222,082
Total Assets$40,608,261$41,744,067▲ $1,135,806
Other Assets Total$523,200$359,090▼ $164,110
Liabilities
Deferred Revenue$9,354,415$9,704,884▲ $350,469
Tax Exempt Bond Liabilities$9,000,000$9,000,000→ $0
Escrow Account Liability$75,152$339,831▲ $264,679
Accounts Payable and Accrued Expenses$607,238$168,691▼ $438,547
Other Liabilities$46,849$97,578▲ $50,729
Mortgage Notes Payable Secured by Investment Property$21,667$14,414▼ $7,253
Total Liabilities$19,105,321$19,325,398▲ $220,077
Net Assets / Fund Balance
Unrestricted Net Assets$19,693,919$19,424,119▼ $269,800
Temporarily Rstr Net Assets$1,809,021$2,994,550▲ $1,185,529
Total Net Assets Fund Balance$21,502,940$22,418,669▲ $915,729
Total Liabilities and Net Assets / Fund Balance$40,608,261$41,744,067▲ $1,135,806

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$19,455,616$10,693,689$30,149,305
Land$1,088,076-$1,088,076
Compensation and Service Providers
Top Officer Pay30th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Eugene FrostHead of School/trusteeFT$162,712$11,368$174,080
Jon KeithChief Operating OfficerFT$163,346$8,785$172,131
Steven BultPrincipalFT$127,192$4,821$132,013

Board Members and Trustees

NameTitle
Donald AdamsPresident
Christopher GrantVice President
Doug FranklinTrustee
Emir AbinionTrustee
Jon NielsonTrustee
Joseph SlawekTrustee
Mac AirhartTrustee
Matt LiftinTrustee
Scott PearsonTrustee
Steven PearsonTrustee
Jymette SeagerSecretary
Kurt FritzTreasurer
Sandra DruryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,974,659
Program Service Revenue
$14,127,349
Investment Income
$100,755
Other Revenue
$29,549
All Other Contributions
$2,884,614
Change in Net Assets
$976,522

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded4$28,535Fair Market Value
Other Non Cash Contri Table10$20,800Fair Market Value
Other Non Cash Contri Table1$3,000Fair Market Value
Total Noncash Contributions15$52,335-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,594,695
Salaries, Compensation, and Employee Benefits$6,132,061
Grants and Similar Amounts Paid$1,529,034
Total Fundraising Expense$87,301
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,759,029$1,717,110-$4,476,139
Grants to Domestic Individuals$1,517,034--$1,517,034
All Other Expenses$1,294,877$199,910-$1,494,787
Occupancy$1,110,629--$1,110,629
Depreciation Depletion$1,069,724--$1,069,724
Other Employee Benefits$557,741$317,231-$874,972
Other Expenses$777,213$785,128-$777,213
Payroll Taxes$246,115$138,860-$384,975
Current Officers, Directors, Trustees, and Key Employees$305,651--$305,651
Office Expenses$75,213$81,377-$156,590
Interest$110,812--$110,812
Pension Plan Contributions$51,806$38,518-$90,324
Insurance$88,861--$88,861
Travel$68,659--$68,659
Fees for Service Investment Mgmnt Fees--$46,879$46,879
Advertising--$33,163$33,163
Fees for Services Legal-$32,843-$32,843
Fees for Services Accounting-$30,304-$30,304
Information Technology$17,127$10,179-$27,306
Fees for Services Other-$11,504$7,259$18,763
Grants to Domestic Orgs$12,000--$12,000
Total Functional Expenses$12,805,525$3,362,964$87,301$16,255,790
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
World OrphansCastle Rock, CO501(c)(3)Support$12,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$57,488
Fundraising Gross Income$55,505
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fall 2014 Golf Outing$128,565$46,355$1,214$45,141
Spring 2015 Golf Outing$16,985$9,150$932$8,218
Total Events$145,550$55,505$57,488$-1,983
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Obligation Under Interest Rate Swap$97,578
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“Form 990 is reviewed by the financial manager and coo”

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

“Board members complete and sign statement regarding conflict of interest”

Form 990, Part VI, Section B, Line 15

“Key administrators receive reviews from board”

Form 990, Part VI, Section C, Line 19

“All documents are made available upon request”

Filing and Contact Details

Filer

Filer Name
Wheaton Academy
EIN
36-2388793
Phone
6305627500
Address
900 PRINCE CROSSING, WEST CHICAGO, IL 60185

Signing Officer

Name
Jon Keith
Title
President
Phone
6305627500
Signed
2016-03-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donald Adams
Formed
1958
Legal Domicile
Il
Voting Board Members
14
Independent Board Members
13
Employees
220
Volunteers
100

Preparer

Firm
DUGAN & LOPATKA CPA'S PC
Address
104 E ROOSEVELT ROAD SUITE 102, WHEATON, IL 60187-5267
Preparer
Mark Schultz
Phone
6306654440
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Winterim expenses: program service expenses 370,755. Management and general expenses 0. Fundraising expenses 0. Total expenses 370,755. Miscellaneous expenses: program service expenses 69,379. Management and general expenses 182,648. Fundraising expenses 0. Total expenses 252,027. Tes development expenses: program service expenses 216,275. Management and general expenses 0. Fundraising expenses 0. Total expenses 216,275. Cafeteria expenses: program service expenses 203,355. Management and general expenses 0. Fundraising expenses 0. Total expenses 203,355. Athletic dept expenses: program service expenses 166,820. Management and general expenses 0. Fundraising expenses 0. Total expenses 166,820. Faculty support expense: program service expenses 139,665. Management and general expenses 0. Fundraising expenses 0. Total expenses 139,665. Letter of credit expense: program service expenses 75,987. Management and general expenses 0. Fundraising expenses 0. Total expenses 75,987. Bad debt expense: program service expenses 35,777. Management and general expenses 0. Fundraising expenses 0. Total expenses 35,777. Graduation expense: program service expenses 13,864. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,864. Alumni expenses: program service expenses 0. Management and general expenses 13,561. Fundraising expenses 0. Total expenses 13,561. Board expense: program service expenses 0. Management and general expenses 3,701. Fundraising expenses 0. Total expenses 3,701. Sports equipment: program service expenses 3,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,000.”

FORM 990, PART XI, LINE 2C:

“The process has not changed from previous years.”

Financial Statement Notes

PART IV, LINE 2B:

“The academy receives funds from third parties to be used for a designated purpose and disbursed by the academy.”

PART X, LINE 2:

“The academy files income tax returns in the u.s. Federal jurisdiction and illinois. With few exceptions, the academy is no longer subject to u.s. Federal, state and local, or non-u.s. Income tax examinations by tax authorities for years before 2011. The academy does not expect a material net change in unrecognized tax benefits in the next twelve months.”

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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/TitleTxt0HEAD OF SCHOOL/TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt15PRINCIPAL
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01958
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt090045
IRS990/FundraisingDirectExpensesAmt057488
IRS990/FundraisingGrossIncomeAmt055505
IRS990/GainOrLossGrp/SecuritiesAmt029442
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantAmt01529034
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01517034
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01517034
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt012000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt012000
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt06119375
IRS990/GrossReceiptsAmt023618043
IRS990/GrossRentsGrp/RealAmt0231338
IRS990/GrossSalesOfInventoryAmt04680
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt010179
IRS990/InformationTechnologyGrp/ProgramServicesAmt017127
IRS990/InformationTechnologyGrp/TotalAmt027306
IRS990/InsuranceGrp/ProgramServicesAmt088861
IRS990/InsuranceGrp/TotalAmt088861
IRS990/InterestGrp/ProgramServicesAmt0110812
IRS990/InterestGrp/TotalAmt0110812
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0229197
IRS990/InventoriesForSaleOrUseGrp/EOYAmt07115
IRS990/InvestmentIncomeGrp/ExclusionAmt071313
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt071313
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0230917
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01374510
IRS990/IRPDocumentCnt0140
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt010693689
IRS990/LandBldgEquipBasisNetGrp/BOYAmt020279729
IRS990/LandBldgEquipBasisNetGrp/EOYAmt020543692
IRS990/LandBldgEquipCostOrOtherBssAmt031237381
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt06089933
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDE AN EDUCATIONAL PROGRAM THAT IS CHARACTERIZED BY BIBLICAL VALUES AND TRADITIONAL EDUCATIONAL STANDARDS USING INNOVATIVE CURRICULUM CENTERED ON A CARING STUDENT/TEACHER RELATIONSHIP
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt021667
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt014414
IRS990/NetAssetsOrFundBalancesBOYAmt021502940
IRS990/NetAssetsOrFundBalancesEOYAmt022418669
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt029442
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt029442
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-1983
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-1983
IRS990/NetIncomeOrLossGrp/ExclusionAmt0-233630
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-233630
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0231338
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0231338
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-60793
IRS990/NoncashContributionsAmt052335
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt01110629
IRS990/OccupancyGrp/TotalAmt01110629
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt081377
IRS990/OfficeExpensesGrp/ProgramServicesAmt075213
IRS990/OfficeExpensesGrp/TotalAmt0156590
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0523200
IRS990/OtherAssetsTotalGrp/EOYAmt0359090
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0317231
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0557741
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0874972
IRS990/OtherExpensesGrp/Desc0OTHER PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1STUDENT ACTIVITIES
IRS990/OtherExpensesGrp/Desc2RECRUITMENT EXPENSES
IRS990/OtherExpensesGrp/Desc3DEPARTMENT EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0785128
IRS990/OtherExpensesGrp/ProgramServicesAmt01797718
IRS990/OtherExpensesGrp/ProgramServicesAmt1945316
IRS990/OtherExpensesGrp/ProgramServicesAmt2777213
IRS990/OtherExpensesGrp/TotalAmt01797718
IRS990/OtherExpensesGrp/TotalAmt1945316
IRS990/OtherExpensesGrp/TotalAmt2785128
IRS990/OtherExpensesGrp/TotalAmt3777213
IRS990/OtherLiabilitiesGrp/BOYAmt046849
IRS990/OtherLiabilitiesGrp/EOYAmt097578
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt033824
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt033824
IRS990/OtherRevenueTotalAmt033824
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01717110
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02759029
IRS990/OtherSalariesAndWagesGrp/TotalAmt04476139
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0138860
IRS990/PayrollTaxesGrp/ProgramServicesAmt0246115
IRS990/PayrollTaxesGrp/TotalAmt0384975
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt038518
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt051806
IRS990/PensionPlanContributionsGrp/TotalAmt090324
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0691792
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01502736
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0308937
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0341027
IRS990/PrincipalOfficerNm0DONALD ADAMS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt014127349
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt014127349
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03805211
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01609955
IRS990/PYInvestmentIncomeAmt01092912
IRS990/PYOtherExpensesAmt07504074
IRS990/PYOtherRevenueAmt0339219
IRS990/PYProgramServiceRevenueAmt013259492
IRS990/PYRevenuesLessExpensesAmt03606458
IRS990/PYSalariesCompEmpBnftPaidAmt05776347
IRS990/PYTotalExpensesAmt014890376
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt018496834
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0976522
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0231338
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt014392511
IRS990/SavingsAndTempCashInvstGrp/BOYAmt09599898
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08198881
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/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt019455616
IRS990ScheduleD/BuildingsGrp/DepreciationAmt010693689
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt030149305
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt01088076
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01088076
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt097578
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OBLIGATION UNDER INTEREST RATE SWAP
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY RECEIVES FUNDS FROM THIRD PARTIES TO BE USED FOR A DESIGNATED PURPOSE AND DISBURSED BY THE ACADEMY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ACADEMY FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND ILLINOIS. WITH FEW EXCEPTIONS, THE ACADEMY IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL, OR NON-U.S. INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2011. THE ACADEMY DOES NOT EXPECT A MATERIAL NET CHANGE IN UNRECOGNIZED TAX BENEFITS IN THE NEXT TWELVE MONTHS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt020543692

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$41,744,067
Liabilities
$19,325,398
Net assets
$22,418,669
Revenue
$17,232,312
Expenses
$16,255,790
Net income
$976,522
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$67.9$26.1$41.8$26.7$19.9$6.81
2023Detailed filing. Detailed filing data is available for this year.$55.5$20.5$34.9$21.9$19.6$2.36
2022Detailed filing. Detailed filing data is available for this year.$48.3$15.8$32.5$25.3$19.2$6.06
2021Detailed filing. Detailed filing data is available for this year.$41.2$14.7$26.5$19.0$18.1$0.89
2020Detailed filing. Detailed filing data is available for this year.$39.7$14.1$25.6$19.2$17.2$1.96
2019Detailed filing. Detailed filing data is available for this year.$44.6$21.0$23.6$17.2$17.0$0.25
2018Detailed filing. Detailed filing data is available for this year.$44.1$20.8$23.4$16.1$16.2$0.08
2017Detailed filing. Detailed filing data is available for this year.$43.2$19.7$23.5$14.5$14.7$0.13
2016Detailed filing. Detailed filing data is available for this year.$42.9$19.3$23.6$16.9$15.6$1.33
2015Detailed filing. Detailed filing data is available for this year.$41.7$19.3$22.4$17.2$16.3$0.98
2014Detailed filing. Detailed filing data is available for this year.$40.6$19.1$21.5$18.5$14.9$3.61
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.2$18.7$18.5$13.7
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.7$18.0$18.7$13.2