Civic Intelligence

Illinois Principals Association

EIN 36-2739730 • 501(c)6 • Springfield, IL

Profile

The mission of the illinois principals association is to develop, support, & advocate for innovative educational leaders.

2940 Baker DriveSpringfield, IL 62703

www.ilprincipals.org

Siviq Scores

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

Liabilities / Assets

28th percentile

0.08x

Higher debt load relative to assets than 28% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

21st percentile

0.08x

Higher debt load relative to revenue than 21% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2025

Net Margin

10th percentile

-12%

Higher net margin than 10% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

38th percentile

$226,460

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

501(c)6 • $5M-$10M nonprofits • Source year 2025

Asset Growth

77th percentile

14%

Faster asset growth than 77% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

18th percentile

-4.7%

Faster revenue growth than 18% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets28th percentile

Assets

Up

$8,082,594

Up $981,069 (+14%) from 2024

Liabilities

Up

$670,548

Up $252,777 (+61%) from 2024

Net Assets

Up

$7,412,046

Up $728,292 (+11%) from 2024

Operations
Liabilities / Revenue21st percentileNet Margin10th percentile

Revenue

Down

$8,547,989

Down $417,780 (-4.7%) from 2024

Expenses

Up

$9,595,222

Up $1,165,031 (+14%) from 2024

Net Income

Down

-$1,047,233

Down $1,582,811 (-296%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth77th percentile

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

$10M$5.0M$0Assets 2010: $2,078,503Liabilities 2010: $65,836Net Assets 2010: $2,012,6672010Assets 2011: $1,817,732Liabilities 2011: $63,868Net Assets 2011: $1,753,8642011Assets 2012: $1,852,038Liabilities 2012: $89,775Net Assets 2012: $1,762,2632012Assets 2013: $1,574,169Liabilities 2013: $53,848Net Assets 2013: $1,520,3212013Assets 2014: $2,823,689Liabilities 2014: $53,080Net Assets 2014: $2,770,6092014Assets 2015: $3,411,836Liabilities 2015: $55,184Net Assets 2015: $3,356,6522015Assets 2016: $4,280,864Liabilities 2016: $73,433Net Assets 2016: $4,207,4312016Assets 2017: $4,747,404Liabilities 2017: $50,920Net Assets 2017: $4,696,4842017Assets 2018: $4,439,160Liabilities 2018: $61,695Net Assets 2018: $4,377,4652018Assets 2019: $4,597,866Liabilities 2019: $111,606Net Assets 2019: $4,486,2602019Assets 2020: $4,901,385Liabilities 2020: $122,416Net Assets 2020: $4,778,9692020Assets 2021: $5,754,111Liabilities 2021: $170,594Net Assets 2021: $5,583,5172021Assets 2022: $5,835,571Liabilities 2022: $199,029Net Assets 2022: $5,636,5422022Assets 2023: $6,416,643Liabilities 2023: $426,616Net Assets 2023: $5,990,0272023Assets 2024: $7,101,525Liabilities 2024: $417,771Net Assets 2024: $6,683,7542024Assets 2025: $8,082,594Liabilities 2025: $670,548Net Assets 2025: $7,412,0462025

Highlighted filing

2025

Assets$8,082,594
Liabilities$670,548
Net Assets$7,412,046
Open 2025 Filing

Operations Trend

Revenue Growth18th percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $3,178,2982010Expenses 2011: $2,809,3652011Expenses 2012: $2,732,9422012Expenses 2013: $2,852,4852013Revenue 2014: $4,554,064Expenses 2014: $3,298,708Net Income 2014: $1,255,3562014Revenue 2015: $4,305,682Expenses 2015: $3,700,451Net Income 2015: $605,2312015Revenue 2016: $4,468,457Expenses 2016: $3,566,376Net Income 2016: $902,0812016Revenue 2017: $4,734,604Expenses 2017: $4,267,749Net Income 2017: $466,8552017Revenue 2018: $4,036,340Expenses 2018: $4,248,400Net Income 2018: -$212,0602018Revenue 2019: $4,531,750Expenses 2019: $4,500,892Net Income 2019: $30,8582019Revenue 2020: $5,013,834Expenses 2020: $4,802,664Net Income 2020: $211,1702020Revenue 2021: $5,159,107Expenses 2021: $4,572,874Net Income 2021: $586,2332021Revenue 2022: $5,629,794Expenses 2022: $5,389,172Net Income 2022: $240,6222022Revenue 2023: $8,152,427Expenses 2023: $7,932,631Net Income 2023: $219,7962023Revenue 2024: $8,965,769Expenses 2024: $8,430,191Net Income 2024: $535,5782024Revenue 2025: $8,547,989Expenses 2025: $9,595,222Net Income 2025: -$1,047,2332025

Highlighted filing

2025

Revenue$8,547,989
Expenses$9,595,222
Net Income-$1,047,233
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$8,082,594
Liabilities
$670,548
Net assets
$7,412,046
Revenue
$8,547,989
Expenses
$9,595,222
Net income
-$1,047,233
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.08$0.67$7.41$8.55$9.60$1.05
2024Detailed filing. Detailed filing data is available for this year.$7.10$0.42$6.68$8.97$8.43$0.54
2023Detailed filing. Detailed filing data is available for this year.$6.42$0.43$5.99$8.15$7.93$0.22
2022Detailed filing. Detailed filing data is available for this year.$5.84$0.20$5.64$5.63$5.39$0.24
2021Detailed filing. Detailed filing data is available for this year.$5.75$0.17$5.58$5.16$4.57$0.59
2020Detailed filing. Detailed filing data is available for this year.$4.90$0.12$4.78$5.01$4.80$0.21
2019Detailed filing. Detailed filing data is available for this year.$4.60$0.11$4.49$4.53$4.50$0.03
2018Detailed filing. Detailed filing data is available for this year.$4.44$0.06$4.38$4.04$4.25$0.21
2017Detailed filing. Detailed filing data is available for this year.$4.75$0.05$4.70$4.73$4.27$0.47
2016Detailed filing. Detailed filing data is available for this year.$4.28$0.07$4.21$4.47$3.57$0.90
2015Detailed filing. Detailed filing data is available for this year.$3.41$0.06$3.36$4.31$3.70$0.61
2014Detailed filing. Detailed filing data is available for this year.$2.82$0.05$2.77$4.55$3.30$1.26
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.57$0.05$1.52$2.85
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.85$0.09$1.76$2.73
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.82$0.06$1.75$2.81
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.08$0.07$2.01$3.18
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 13, 2025
Return Version
2024v5.0
Gross Receipts
$9,780,352
Mission and Program Overview

Mission

The mission of the illinois principals association is to develop, support, & advocate for innovative educational leaders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,464,117$4,842,844▲ $378,727
Land, Buildings, and Equipment, Net$1,294,685$2,760,730▲ $1,466,045
Accounts Receivable$96,064$258,165▲ $162,101
Savings and Temporary Cash Investments$1,123,566$124,403▼ $999,163
Prepaid Expenses and Deferred Charges$122,993$96,352▼ $26,641
Cash and Non-Interest-Bearing Accounts$100$100→ $0
Total Assets$7,101,525$8,082,594▲ $981,069
Liabilities
Deferred Revenue$360,053$340,874▼ $19,179
Other Liabilities$40,281$306,596▲ $266,315
Accounts Payable and Accrued Expenses$17,437$23,078▲ $5,641
Total Liabilities$417,771$670,548▲ $252,777
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,683,754$7,412,046▲ $728,292
Total Net Assets Fund Balance$6,683,754$7,412,046▲ $728,292
Total Liabilities and Net Assets / Fund Balance$7,101,525$8,082,594▲ $981,069

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,947,051$546,180$2,493,231
Equipment$510,626$782,415$1,293,041
Land$303,053-$303,053
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brian SchwartzDep Ex Dir/lFT$201,362$25,098$226,460
Brian SchwartzDep Ex Dir/legal-$201,362$25,098$226,460
Susan HomesDep Ex Dir-FT$160,333$16,623$176,956
Susan HomesDep Ex Dir- Pr Learn-$160,333$16,623$176,956
Arlin PeeblesEd Leaders NFT$104,882$17,718$122,600
Vivian DewittSr Proj DevFT$101,884$15,621$117,505
Kimberly NehrtComm & MarkeFT$100,083$16,533$116,616

Board Members and Trustees

NameTitle
Cris EdwardsPresident
Amber SensabaughDirector
Andy JulianDirector
April SmithDirector
Brian FaulknerDirector
Damien AherneDirector
Dan LavertyDirector
Doug OwensDirector
Heather BakerDirector
Jaclynn ShouflerDirector
Jennifer DietrichDirector
Jennifer MccoyDirector
Joe KuhlmannDirector
Kim EnriquezDirector
Kim HefnerDirector
Kurt PrebleDirector
Mandy HughesDirector
Marty AdamsDirector
Megan CarrollDirector
Nick StonekingDirector
Rebecca GabrenyaDirector
Shannon CremeensDirector
Paul KellyImmed Past P
Angie CodronPres Elect
Courtney DementSecretary
Shaun GrantTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,920,934
Program Service Revenue
$4,967,483
Investment Income
$243,658
Other Revenue
$415,914
Change in Net Assets
$-1,047,233

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,501,474
Revenue Not Reported on Financial Statements
$46,515
Revenue Not Reported on Form 990
$196,538
Other Revenue Adjustments
$46,515
Total Revenue per Audited Statements
$8,698,012
Total Revenue per Form 990
$8,547,989
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,127,644
Salaries, Compensation, and Employee Benefits$3,467,578
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,752,216--$2,752,216
Conferences and Meetings$2,745,792--$2,745,792
Occupancy$1,441,088--$1,441,088
Other Employee Benefits$290,744--$290,744
Office Expenses$268,968--$268,968
All Other Expenses$259,738--$259,738
Pension Plan Contributions$244,694--$244,694
Information Technology$243,140--$243,140
Payroll Taxes$179,924--$179,924
Depreciation Depletion$159,456--$159,456
Travel$95,493--$95,493
Other Expenses$53,134--$53,134
Advertising$43,069--$43,069
Insurance$30,507--$30,507
Fees for Services Accounting$11,500--$11,500
Total Functional Expenses$9,595,222$0$0$9,595,222

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$9,595,222
Expenses per Audited Statements$7,969,720
Total Expenses per Audited Statements$7,969,720
Expenses Not Reported on Financial Statements$1,625,502
Other Expense Adjustments$1,625,502
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
In-house lobbying only
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Foundation$281,714
Federal Dues Escrow$24,882
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Page 6, Part VI, Line 6

“Ipa serves over 5,800 members from elementary, middle and high schools, principal preparation, faculty and aspiring leaders. Ipa provides professional learning, eln and ipa connect to all it's members.”

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

“Ipa members elect the governing board and executive committee each year.”

Form 990, Page 6, Part VI, Line 10B

“Ipa did have written policies and procedures governing the activities of affiliates.”

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

“The board is presented a copy of the form 990 for review before it is filed.”

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

“All officers, directors and key employees are required to complete a conflict of interest/disclosure statement on july 1st of each year.”

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

“An independent review of performance and approval by board of directors.”

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

“An independent review of performance and approval by board of directors.”

Form 990, Page 6, Part VI, Line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Illinois Principals Association
EIN
36-2739730
Phone
2175281383
Address
2940 BAKER DRIVE, SPRINGFIELD, IL 62703

Signing Officer

Name
Jason E Leahy
Title
Executive Director
Phone
2175281383
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cris Edwards
Formed
1972
Legal Domicile
Il
Voting Board Members
21
Independent Board Members
21
Employees
33
Volunteers
150

Preparer

Firm
Capital Accounting & Audit
Address
2800 MONTVALE DR, SPRINGFIELD, IL 62704
Preparer
Lori Milosevich-lahr
Phone
2175538778
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Return of unused grant funds -46,515 fixed asset additions 1,625,501 book / tax depreciation difference 1 total 1,578,987”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

“Return of unused grant funds 46,515”

Schedule D, Page 4, Part XII, Line 4B

“Fixed asset additions 1,625,501 book / tax depreciation difference 1”

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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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