Civic Intelligence

Independent Schools Association of the Central States Inc

EIN 36-2715311 • 501(c)3 • Chicago, IL

Profile

The purpose of isacs is to promote the development of strong learning communities characterized by high achievements, social responsibility, and independence of governance, programs and policies. The goal is achieved through rigorous accreditation process, targeted professional development programs, and focused support services.

55 West Wacker Drive Ste 701Chicago, IL 60601

www.isacs.org

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.15x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

67th percentile

0.21x

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

43rd percentile

1.6%

Higher net margin than 43% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

96th percentile

$358,848

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 12.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

40th percentile

0.3%

Faster asset growth than 40% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

47th percentile

5.7%

Faster revenue growth than 47% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$4,143,570

Up $11,524 (+0.3%) from 2024

Liabilities

Down

$621,237

Down $71,731 (-10%) from 2024

Net Assets

Up

$3,522,333

Up $83,255 (+2.4%) from 2024

Revenue

Up

$2,988,341

Up $160,609 (+5.7%) from 2024

Expenses

Up

$2,941,881

Up $397,396 (+16%) from 2024

Net Income

Down

$46,460

Down $236,787 (-84%) from 2024

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,937,148Liabilities 2011: $269,112Net Assets 2011: $1,668,0362011Assets 2012: $2,223,503Liabilities 2012: $411,030Net Assets 2012: $1,812,4732012Assets 2013: $2,633,324Liabilities 2013: $805,818Net Assets 2013: $1,827,5062013Assets 2014: $2,663,759Liabilities 2014: $791,064Net Assets 2014: $1,872,6952014Assets 2016: $2,840,745Liabilities 2016: $821,947Net Assets 2016: $2,018,7982016Assets 2017: $3,097,839Liabilities 2017: $1,066,275Net Assets 2017: $2,031,5642017Assets 2018: $2,882,873Liabilities 2018: $614,433Net Assets 2018: $2,268,4402018Assets 2019: $2,836,717Liabilities 2019: $497,060Net Assets 2019: $2,339,6572019Assets 2020: $3,241,783Liabilities 2020: $673,357Net Assets 2020: $2,568,4262020Assets 2021: $3,627,381Liabilities 2021: $676,376Net Assets 2021: $2,951,0052021Assets 2022: $3,600,940Liabilities 2022: $737,136Net Assets 2022: $2,863,8042022Assets 2023: $3,934,199Liabilities 2023: $861,961Net Assets 2023: $3,072,2382023Assets 2024: $4,132,046Liabilities 2024: $692,968Net Assets 2024: $3,439,0782024Assets 2025: $4,143,570Liabilities 2025: $621,237Net Assets 2025: $3,522,3332025

Highlighted filing

2025

Assets$4,143,570
Liabilities$621,237
Net Assets$3,522,333

Operations Trend

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

$3.0M$2.0M$1.0M$0Expenses 2011: $1,560,6062011Expenses 2012: $1,610,2332012Expenses 2013: $1,671,7902013Revenue 2014: $1,925,337Expenses 2014: $1,880,148Net Income 2014: $45,1892014Revenue 2016: $1,864,013Expenses 2016: $1,843,138Net Income 2016: $20,8752016Revenue 2017: $2,054,647Expenses 2017: $2,041,881Net Income 2017: $12,7662017Revenue 2018: $2,419,436Expenses 2018: $2,182,560Net Income 2018: $236,8762018Revenue 2019: $2,313,457Expenses 2019: $2,246,024Net Income 2019: $67,4332019Revenue 2020: $2,335,039Expenses 2020: $2,106,706Net Income 2020: $228,3332020Revenue 2021: $1,996,434Expenses 2021: $1,713,170Net Income 2021: $283,2642021Revenue 2022: $2,054,478Expenses 2022: $1,963,408Net Income 2022: $91,0702022Revenue 2023: $2,674,154Expenses 2023: $2,481,416Net Income 2023: $192,7382023Revenue 2024: $2,827,732Expenses 2024: $2,544,485Net Income 2024: $283,2472024Revenue 2025: $2,988,341Expenses 2025: $2,941,881Net Income 2025: $46,4602025

Highlighted filing

2025

Revenue$2,988,341
Expenses$2,941,881
Net Income$46,460

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.14$0.62$3.52$2.99$2.94$0.05
2024Detailed filing. Detailed filing data is available for this year.$4.13$0.69$3.44$2.83$2.54$0.28
2023Detailed filing. Detailed filing data is available for this year.$3.93$0.86$3.07$2.67$2.48$0.19
2022Detailed filing. Detailed filing data is available for this year.$3.60$0.74$2.86$2.05$1.96$0.09
2021Detailed filing. Detailed filing data is available for this year.$3.63$0.68$2.95$2.00$1.71$0.28
2020Detailed filing. Detailed filing data is available for this year.$3.24$0.67$2.57$2.34$2.11$0.23
2019Detailed filing. Detailed filing data is available for this year.$2.84$0.50$2.34$2.31$2.25$0.07
2018Detailed filing. Detailed filing data is available for this year.$2.88$0.61$2.27$2.42$2.18$0.24
2017Detailed filing. Detailed filing data is available for this year.$3.10$1.07$2.03$2.05$2.04$0.01
2016Detailed filing. Detailed filing data is available for this year.$2.84$0.82$2.02$1.86$1.84$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.66$0.79$1.87$1.93$1.88$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.63$0.81$1.83$1.67
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.22$0.41$1.81$1.61
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$0.27$1.67$1.56
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Sep 9, 2025
Return Version
2024v5.0
Gross Receipts
$2,988,341
Mission and Program Overview

Mission

The purpose of isacs is to promote the development of strong learning communities characterized by high achievements, social responsibility, and independence of governance, programs and policies. The goal is achieved through a rigorous accreditation process, targeted professional development programs, and focused support services.

Isacs leads schools to pursue exemplary independent education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,770,317$2,101,460▲ $331,143
Land, Buildings, and Equipment, Net$1,019,774$999,460▼ $20,314
Savings and Temporary Cash Investments$960,144$682,773▼ $277,371
Prepaid Expenses and Deferred Charges$128,674$147,895▲ $19,221
Cash and Non-Interest-Bearing Accounts$154,259$112,165▼ $42,094
Accounts Receivable$98,878$99,817▲ $939
Total Assets$4,132,046$4,143,570▲ $11,524
Liabilities
Deferred Revenue$652,945$570,966▼ $81,979
Accounts Payable and Accrued Expenses$40,023$50,271▲ $10,248
Total Liabilities$692,968$621,237▼ $71,731
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,439,078$3,522,333▲ $83,255
Total Net Assets Fund Balance$3,439,078$3,522,333▲ $83,255
Total Liabilities and Net Assets / Fund Balance$4,132,046$4,143,570▲ $11,524

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$980,229$125,769$1,105,998
Equipment$19,231$150,456$169,687
Other Land Buildings-$128,368$128,368
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mary MenachoExecutive DiFT$320,771$38,077$358,848
Mary MenachoExecutive Director-$320,771$38,077$358,848

Board Members and Trustees

NameTitle
Alexis WrightChair
Audrey PerrottPast Chair
Andy AbbotVice Chair
Claire LehenyNew Trustee
Fran BisselleNew Trustee
Jeff SuzikNew Trustee
Joe RivesNew Trustee
Leslie HoseyNew Trustee
Mark BrooksNew Trustee
Abby ReedTrustee
Anne StavneyTrustee
Ben OttenwellerTrustee
Brian GrossTrustee
Don SchawangTrustee
James GreenwoodTrustee
Kasey TaylorTrustee
Katie BonomoTrustee
Lisa RikerTrustee
Michael RubinTrustee
Mike RosielloTrustee
Natalie SimmsTrustee
Tom FlemmaTrustee
Luke FelkerSecretary
Melissa SoderbergTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,641,777
Program Service Revenue
$1,136,521
Investment Income
$206,978
Other Revenue
$3,065
All Other Contributions
$5,625
Change in Net Assets
$46,460

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,988,341
Revenue Not Reported on Form 990
$36,795
Total Revenue per Audited Statements
$3,025,136
Total Revenue per Form 990
$2,988,341
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,585,635
Other Expenses$1,356,246
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$922,717$75,243-$997,960
Conferences and Meetings$686,162--$686,162
Current Officers, Directors, Trustees, and Key Employees$341,205$17,643-$358,848
Information Technology$145,721--$145,721
Travel$132,204--$132,204
Payroll Taxes$84,667$6,295-$90,962
Pension Plan Contributions$73,323$6,113-$79,436
Occupancy$58,272$4,332-$62,604
Other Employee Benefits$54,386$4,043-$58,429
Depreciation Depletion$24,920$1,853-$26,773
Office Expenses$20,518$1,525-$22,043
Fees for Services Accounting$19,400--$19,400
Other Expenses$18,523--$18,523
Insurance$16,119--$16,119
All Other Expenses$11,235--$11,235
Fees for Services Other$1,771$3,787-$5,558
Fees for Services Legal$1,311--$1,311
Total Functional Expenses$2,821,047$120,834$0$2,941,881

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,941,881
Total Expenses per Audited Statements$2,941,881
Total Expenses per Form 990$2,941,881
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
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization is composed of 244 member schools, and 7 affiliates.

Form 990, Page 6, Part VI, Line 7A

Each member of the organization has two votes in electing the members of the governing body.

Form 990, Page 6, Part VI, Line 7B

Changes to the by-laws, changes to the standards of accreditation and election of members to the governing body are subject to approval by the members.

Form 990, Page 6, Part VI, Line 11B

The form 990 is given to the governing body which reviews it before it is filed.

Form 990, Page 6, Part VI, Line 12C

Every board and staff member must certify on an annual basis that he or she has no conflict of interest described by the policy in a specified written format.

Form 990, Page 6, Part VI, Line 15A

The organization uses information from other forms 990 from similar organizations and a compensation survey from isanet to set compensation. The finance committee and executive committee approve all raises and the compensation budgets. All executives have written contracts.

Form 990, Page 6, Part VI, Line 15B

The organization uses information from other forms 990 from similar organizations and a compensation survey from isanet to set compensation. The finance committee and executive committee approve all raises and the compensation budgets. All executives have written contracts.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Independent Schools Association of
EIN
36-2715311
Phone
3127501190
Address
55 WEST WACKER DRIVE STE 701, CHICAGO, IL 60601

Signing Officer

Name
Mary Menacho
Title
Executive Director
Phone
3122551244
Signed
2025-09-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Menacho
Formed
1908
Legal Domicile
Il
Voting Board Members
24
Independent Board Members
24
Employees
10

Preparer

Firm
Martz & Wilson Llp
Address
712 HANLEY INDUSTRIAL CT, BRENTWOOD, MO 63144-1904
Preparer
Douglas L Slunaker
Phone
3146461040
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The purpose of isacs is to promote the development of strong learning communities characterized by high achievements, social responsibility, and independence of governance, programs and policies. The goal is achieved through rigorous accreditation process, targeted professional development programs, and focused support services.

Form 990, Page 12, Part XII, Line 2C

No change in selection or oversight process occurred.

Financial Statement Notes

Schedule D, Page 3, Part X

The association believes that there is appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain positions that are material to the financial statements.

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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/Form990PartVIISectionAGrp/TitleTxt22SECRETARY
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