Civic Intelligence

Maccormac College

EIN 36-2581098 • 501(c)3 • Chicago, IL

View Organization Page

Profile

Maccormac college is a private institution whose mission is to provide a transformative educational experience to its diverse student body in an environment that encourages, empowers, and nurtures students and promotes learning our comprehensive academic programs challenge students to excel in their academic and career pursuits and prepare students to be lifelong learners and responsible citizens in a global society.

29 E Madison St Suite 200Chicago, IL 60602

www.maccormac.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

75th percentile

0.41x

Higher debt load relative to assets than 75% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

71st percentile

0.40x

Higher debt load relative to revenue than 71% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

27th percentile

-4.1%

Higher net margin than 27% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

82nd percentile

$249,047

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

8th percentile

-16%

Faster asset growth than 8% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

54th percentile

9.3%

Faster revenue growth than 54% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets75th percentile

Assets

Down

$5,731,196

Down $1,120,804 (-16%) from 2023

Liabilities

Down

$2,350,054

Down $882,144 (-27%) from 2023

Net Assets

Down

$3,381,142

Down $238,660 (-6.6%) from 2023

Operations
Liabilities / Revenue71st percentileNet Margin27th percentile

Revenue

Up

$5,817,720

Up $494,569 (+9.3%) from 2023

Expenses

Up

$6,056,380

Up $557,448 (+10%) from 2023

Net Income

Down

-$238,660

Down $62,879 (-36%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth8th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2012: $1,176,498Liabilities 2012: $476,000Net Assets 2012: $700,4982012Assets 2013: $1,389,911Liabilities 2013: $533,241Net Assets 2013: $856,6702013Assets 2014: $1,712,381Liabilities 2014: $555,379Net Assets 2014: $1,157,0022014Assets 2015: $1,614,445Liabilities 2015: $622,685Net Assets 2015: $991,7602015Assets 2016: $1,664,327Liabilities 2016: $620,647Net Assets 2016: $1,043,6802016Assets 2017: $2,181,678Liabilities 2017: $772,339Net Assets 2017: $1,409,3392017Assets 2018: $2,785,896Liabilities 2018: $875,084Net Assets 2018: $1,910,8122018Assets 2019: $3,049,912Liabilities 2019: $727,192Net Assets 2019: $2,322,7202019Assets 2020: $3,551,706Liabilities 2020: $1,111,129Net Assets 2020: $2,440,5772020Assets 2021: $4,254,974Liabilities 2021: $1,475,517Net Assets 2021: $2,779,4572021Assets 2022: $4,565,930Liabilities 2022: $770,347Net Assets 2022: $3,795,5832022Assets 2023: $6,852,000Liabilities 2023: $3,232,198Net Assets 2023: $3,619,8022023Assets 2024: $5,731,196Liabilities 2024: $2,350,054Net Assets 2024: $3,381,1422024

Highlighted filing

2024

Assets$5,731,196
Liabilities$2,350,054
Net Assets$3,381,142
Open 2024 Filing

Operations Trend

Revenue Growth54th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2012: $4,017,9702012Expenses 2013: $4,407,9302013Revenue 2014: $4,789,935Expenses 2014: $4,489,603Net Income 2014: $300,3322014Revenue 2015: $4,772,972Expenses 2015: $4,938,214Net Income 2015: -$165,2422015Revenue 2016: $4,419,132Expenses 2016: $4,367,212Net Income 2016: $51,9202016Revenue 2017: $6,190,022Expenses 2017: $5,824,363Net Income 2017: $365,6592017Revenue 2018: $9,116,687Expenses 2018: $8,615,214Net Income 2018: $501,4732018Revenue 2019: $9,345,865Expenses 2019: $8,933,957Net Income 2019: $411,9082019Revenue 2020: $8,020,997Expenses 2020: $7,903,140Net Income 2020: $117,8572020Revenue 2021: $4,421,944Expenses 2021: $4,083,064Net Income 2021: $338,8802021Revenue 2022: $6,437,809Expenses 2022: $5,421,683Net Income 2022: $1,016,1262022Revenue 2023: $5,323,151Expenses 2023: $5,498,932Net Income 2023: -$175,7812023Revenue 2024: $5,817,720Expenses 2024: $6,056,380Net Income 2024: -$238,6602024

Highlighted filing

2024

Revenue$5,817,720
Expenses$6,056,380
Net Income-$238,660
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,731,196
Liabilities
$2,350,054
Net assets
$3,381,142
Revenue
$5,817,720
Expenses
$6,056,380
Net income
-$238,660
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.73$2.35$3.38$5.82$6.06$0.24
2023Detailed filing. Detailed filing data is available for this year.$6.85$3.23$3.62$5.32$5.50$0.18
2022Detailed filing. Detailed filing data is available for this year.$4.57$0.77$3.80$6.44$5.42$1.02
2021Detailed filing. Detailed filing data is available for this year.$4.25$1.48$2.78$4.42$4.08$0.34
2020Detailed filing. Detailed filing data is available for this year.$3.55$1.11$2.44$8.02$7.90$0.12
2019Detailed filing. Detailed filing data is available for this year.$3.05$0.73$2.32$9.35$8.93$0.41
2018Detailed filing. Detailed filing data is available for this year.$2.79$0.88$1.91$9.12$8.62$0.50
2017Detailed filing. Detailed filing data is available for this year.$2.18$0.77$1.41$6.19$5.82$0.37
2016Detailed filing. Detailed filing data is available for this year.$1.66$0.62$1.04$4.42$4.37$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.61$0.62$0.99$4.77$4.94$0.17
2014Detailed filing. Detailed filing data is available for this year.$1.71$0.56$1.16$4.79$4.49$0.30
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.53$0.86$4.41
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$0.48$0.70$4.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$5,817,720
Mission and Program Overview

Mission

Maccormac college is a private institution whose mission is to provide a transformative educational experience to its diverse student body in an environment that encourages, empowers, and nurtures students and promotes learning. Our comprehensive academic programs challenge students to excel in their academic and career pursuits and prepare students to be lifelong learners and responsible citizens in a global society.

To provide educational training that prepares students to live and work successfully in a diverse and technologically complex society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,827,954$1,904,546▲ $76,592
Accounts Receivable$1,913,341$1,162,845▼ $750,496
Land, Buildings, and Equipment, Net$155,533$549,768▲ $394,235
Prepaid Expenses and Deferred Charges$765,851$392,702▼ $373,149
Cash and Non-Interest-Bearing Accounts$178,761$256,015▲ $77,254
Pledges and Grants Receivable$229,563$23,195▼ $206,368
Total Assets$6,852,000$5,731,196▼ $1,120,804
Other Assets Total$1,780,997$1,442,125▼ $338,872
Liabilities
Other Liabilities$2,290,433$2,024,173▼ $266,260
Accounts Payable and Accrued Expenses$259,172$324,788▲ $65,616
Deferred Revenue$682,593$1,093▼ $681,500
Total Liabilities$3,232,198$2,350,054▼ $882,144
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,619,802$3,381,142▼ $238,660
Total Net Assets Fund Balance$3,619,802$3,381,142▼ $238,660
Total Liabilities and Net Assets / Fund Balance$6,852,000$5,731,196▼ $1,120,804

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$448,552-$448,552
Leasehold Improvements$24,713$258,902$283,615
Equipment$76,503$165,384$241,887
Other Assets Org$1,442,125--
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Grace AlexisChancellorFT$241,500$7,547$249,047
Mateusz GawendaPresidentFT$127,621$13,701$141,322

Board Members and Trustees

NameTitle
Mike GolebiowskiBoard Chairman
Rhonda JensenVice Chairman
David KnightDirector (starting 2/29/24)
Bernard J ToussaintSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$37,456
Program Service Revenue
$5,642,060
Investment Income
$106,208
Other Revenue
$31,996
All Other Contributions
$37,456
Change in Net Assets
$-238,660

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,817,720
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-1,778,453
Total Revenue per Audited Statements
$4,039,267
Total Revenue per Form 990
$5,817,720
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,329,921
Other Expenses$1,948,006
Grants and Similar Amounts Paid$1,778,453
Total Fundraising Expense$34,077
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,778,453--$1,778,453
Other Salaries and Wages$1,097,094$400,745$1,424$1,499,263
Occupancy$343,630$108,516-$452,146
Advertising$1,770$436,865-$438,635
Current Officers, Directors, Trustees, and Key Employees$288,072$105,227$374$393,673
Information Technology$227,400$71,810-$299,210
Other Employee Benefits$200,104$73,094$260$273,458
Payroll Taxes$104,765$38,269$136$143,170
Depreciation Depletion$41,280$13,036-$54,316
Office Expenses$40,139$12,674-$52,813
Fees for Services Accounting-$52,296-$52,296
Insurance$39,089$12,344-$51,433
Other Expenses$165,002$52,106$31,864$31,864
Fees for Services Legal-$27,000-$27,000
Travel$17,359$5,482-$22,841
Pension Plan Contributions$14,898$5,440$19$20,357
All Other Expenses$13,171$4,160-$17,331
Fees for Services Other-$8,792-$8,792
Total Functional Expenses$4,541,115$1,481,188$34,077$6,056,380

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,056,380
Expenses per Audited Statements$4,277,927
Total Expenses per Audited Statements$4,277,927
Expenses Not Reported on Financial Statements$1,778,453
Other Expense Adjustments$1,778,453
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Obligations Under Operating Lease$2,014,173
Refundable Advances$10,000
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Management and the board of trustees are provided a copy of form 990 before it is filed.”

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

“Board of directors, officers and all employees are required to disclose conflicts of interest annually.”

Form 990, Part VI, Section B, Line 15

“Maccormac college uses all available statistical data on higher education compensation and extensive in-house reviews to determine compensation.”

Form 990, Part VI, Section C, Line 19

“Maccormac college makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Maccormac College
EIN
36-2581098
Phone
3129221884
Address
29 E MADISON ST SUITE 200, CHICAGO, IL 60602
Doing Business As
Generations College

Signing Officer

Name
Hector J Ferrer
Title
Dean of Finance and Operations
Phone
3129221884
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mateusz Gawenda
Formed
1965
Legal Domicile
Il
Voting Board Members
4
Independent Board Members
4
Employees
52
Volunteers
4

Preparer

Firm
Cherry Bekaert Advisory LLC
Address
200 W ADAMS STREET STE 2015, CHICAGO, IL 60606
Preparer
Melanie Mcpeak
Phone
3123462191
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The college has been determined to be exempt from income tax under section 501(c)(3) of the internal revenue code, and accordingly, no provision has been made for either federal or state income taxes. The college has evaluated the tax positions taken for all open tax years. Currently, the returns for the prior three fiscal years are open and subject to examination by the internal revenue service; however, the college is not currently under audit nor has the college been contacted by this jurisdiction. Based on the evaluation of the college's tax positions, management believes all positions would be upheld under an examination; therefore, no provision for the effects of uncertain tax positions has been recorded for the years ended june 30, 2024 and 2023.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Scholarships and tuition discounts -1,778,453.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Scholarships and tuition discounts 1,778,453.”

Raw XML AppendixShowing 400 of 488 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.

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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MACCORMAC COLLEGE IS A PRIVATE INSTITUTION WHOSE MISSION IS TO PROVIDE A TRANSFORMATIVE EDUCATIONAL EXPERIENCE TO ITS DIVERSE STUDENT BODY IN AN ENVIRONMENT THAT ENCOURAGES, EMPOWERS, AND NURTURES STUDENTS AND PROMOTES LEARNING. OUR COMPREHENSIVE ACADEMIC PROGRAMS CHALLENGE STUDENTS TO EXCEL IN THEIR ACADEMIC AND CAREER PURSUITS AND PREPARE STUDENTS TO BE LIFELONG LEARNERS AND RESPONSIBLE CITIZENS IN A GLOBAL SOCIETY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03619802
IRS990/NetAssetsOrFundBalancesEOYAmt03381142
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03619802
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03381142
IRS990/NondeductibleContributionsInd01
IRS990/NondeductibleContriDisclInd01
IRS990/OccupancyGrp/ManagementAndGeneralAmt0108516
IRS990/OccupancyGrp/ProgramServicesAmt0343630
IRS990/OccupancyGrp/TotalAmt0452146
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012674
IRS990/OfficeExpensesGrp/ProgramServicesAmt040139
IRS990/OfficeExpensesGrp/TotalAmt052813
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01780997
IRS990/OtherAssetsTotalGrp/EOYAmt01442125
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0260
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt073094
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0200104
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0273458
IRS990/OtherExpensesGrp/Desc0STUDENT EXPENSES
IRS990/OtherExpensesGrp/Desc1UNCOLLECTIBLE TUITION
IRS990/OtherExpensesGrp/Desc2PROGRAMMING
IRS990/OtherExpensesGrp/FundraisingAmt031864
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt053332
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt152106
IRS990/OtherExpensesGrp/ProgramServicesAmt0168889
IRS990/OtherExpensesGrp/ProgramServicesAmt1165002
IRS990/OtherExpensesGrp/TotalAmt0222221
IRS990/OtherExpensesGrp/TotalAmt1217108
IRS990/OtherExpensesGrp/TotalAmt231864
IRS990/OtherLiabilitiesGrp/BOYAmt02290433
IRS990/OtherLiabilitiesGrp/EOYAmt02024173
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0COMMISSION REIMBURSEME
IRS990/OtherRevenueMiscGrp/Desc1LAPTOP REIMBURSEMENT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt030938
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt11058
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt030938
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11058
IRS990/OtherRevenueTotalAmt031996
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01424
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0400745
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01097094
IRS990/OtherSalariesAndWagesGrp/TotalAmt01499263
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0136
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt038269
IRS990/PayrollTaxesGrp/ProgramServicesAmt0104765
IRS990/PayrollTaxesGrp/TotalAmt0143170
IRS990/PensionPlanContributionsGrp/FundraisingAmt019
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05440
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt014898
IRS990/PensionPlanContributionsGrp/TotalAmt020357
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0229563
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt023195
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0765851
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0392702
IRS990/PrincipalOfficerNm0MATEUSZ GAWENDA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05642060
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05642060
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0498518
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0941377
IRS990/PYInvestmentIncomeAmt020571
IRS990/PYOtherExpensesAmt02254305
IRS990/PYOtherRevenueAmt0160408
IRS990/PYProgramServiceRevenueAmt04643654
IRS990/PYRevenuesLessExpensesAmt0-175781
IRS990/PYSalariesCompEmpBnftPaidAmt02303250
IRS990/PYTotalExpensesAmt05498932
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05323151
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-238660
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05674056
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01827954
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01904546
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt076503
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0165384
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0241887
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01778453
IRS990ScheduleD/ExpensesSubtotalAmt04277927
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt024713
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0258902
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0283615
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01442125
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT-OF-USE ASSET OPERATING LEASE, NET
IRS990ScheduleD/OtherExpensesNotIncludedAmt01778453
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0448552
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0448552
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12014173
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REFUNDABLE ADVANCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OBLIGATIONS UNDER OPERATING LEASE
IRS990ScheduleD/OtherRevenueAmt0-1778453
IRS990ScheduleD/RevenueNotReportedAmt0-1778453
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05817720
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COLLEGE HAS BEEN DETERMINED TO BE EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR EITHER FEDERAL OR STATE INCOME TAXES. THE COLLEGE HAS EVALUATED THE TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS. CURRENTLY, THE RETURNS FOR THE PRIOR THREE FISCAL YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE; HOWEVER, THE COLLEGE IS NOT CURRENTLY UNDER AUDIT NOR HAS THE COLLEGE BEEN CONTACTED BY THIS JURISDICTION. BASED ON THE EVALUATION OF THE COLLEGE'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS WOULD BE UPHELD UNDER AN EXAMINATION; THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEARS ENDED JUNE 30, 2024 AND 2023.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SCHOLARSHIPS AND TUITION DISCOUNTS -1,778,453.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SCHOLARSHIPS AND TUITION DISCOUNTS 1,778,453.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0549768
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01442125
IRS990ScheduleD/TotalExpensesPerForm990Amt06056380
IRS990ScheduleD/TotalLiabilityAmt02024173
IRS990ScheduleD/TotalRevenuePerForm990Amt05817720
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04039267
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04277927
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0GENERATIONS COLLEGE PUBLICIZES ITS NONDISCRIMINATORY POLICY ON ITS WEBSITE, AND IN ALL CATALOGUES AND BROCHURES.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE COLLEGE RECEIVES GOVERNMENT STUDENT FINANCIAL AID TO BE USED FOR GENERAL INSTITUTIONAL AND SPECIAL EDUCATIONAL PURPOSES. NO GOVERNMENT AID WAS RECEIVED DURING THE CURRENT YEAR.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt057629
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt11714258
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt26566
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1TUITION DISCOUNTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2STUDENT FINANCIAL AID
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt065
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt1225
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt210
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/ClubDuesOrFeesInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/HousingAllowanceOrResidenceInd0X
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0241500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt07547
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DR GRACE ALEXIS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHANCELLOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0249047
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0MID-AMERICA CLUB DUES ARE NOT TREATED AS COMPENSATION. DUES ARE PAID FOR INDIVIDUALS ONLY FOR THE BENEFIT OF THE COLLEGE. MEMBERSHIP IS PURCHASED IN ORDER TO GET 100% DISCOUNT ON THE ROOM RENTALS FOR OUR GRADUATION, RETREATS AND OTHER MEETINGS THAT WE HOST OUTSIDE THE COLLEGE. ADDITIONALLY, THIS GIVES US A 5% DISCOUNT OF FOOD. THE INDIVIDUAL MEMBERSHIP PROVIDES THE BEST DISCOUNTS. EMPLOYEES DO NOT USE THIS MEMBERSHIP FOR PERSONAL ACTIVITIES. HOUSING ALLOWANCE IS TREATED AS TAXABLE INCOME TO EMPLOYEES.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 1A
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT AND THE BOARD OF TRUSTEES ARE PROVIDED A COPY OF FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD OF DIRECTORS, OFFICERS AND ALL EMPLOYEES ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST ANNUALLY.

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