Civic Intelligence

Midwest Academy Inc.

990 • Fiscal year 2021 • EIN 36-2776406

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 23, 2022

53 W Jackson Blvd Ste 1634Chicago, IL 60604

(312) 427-2304

Siviq Scores

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

Liabilities / Assets

65th percentile

0.17x

Higher debt load relative to assets than 65% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

62nd percentile

0.17x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

78th percentile

35%

Higher net margin than 78% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

79th percentile

$127,500

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 11.2% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

87th percentile

51%

Faster asset growth than 87% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

66th percentile

29%

Faster revenue growth than 66% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,134,126

Up $385,452 (+51%) from 2020

Net Assets

Up

$935,973

Up $402,661 (+76%) from 2020

Liabilities

Down

$198,153

Down $17,209 (-8.0%) from 2020

Revenue

Up

$1,143,433

Up $258,736 (+29%) from 2020

Expenses

Up

$740,772

Up $123,877 (+20%) from 2020

Net Income

Up

$402,661

Up $134,859 (+50%) from 2020

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2018: $272,095Liabilities 2018: $73,917Net Assets 2018: $198,1782018Assets 2019: $293,805Liabilities 2019: $28,295Net Assets 2019: $265,5102019Assets 2020: $748,674Liabilities 2020: $215,362Net Assets 2020: $533,3122020Assets 2021: $1,134,126Liabilities 2021: $198,153Net Assets 2021: $935,9732021Assets 2022: $1,920,437Liabilities 2022: $130,210Net Assets 2022: $1,790,2272022Assets 2023: $2,754,086Liabilities 2023: $174,433Net Assets 2023: $2,579,6532023Assets 2024: $3,712,314Liabilities 2024: $116,486Net Assets 2024: $3,595,8282024

Highlighted filing

2021

Assets$1,134,126
Liabilities$198,153
Net Assets$935,973

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2018: $546,710Expenses 2018: $567,440Net Income 2018: -$20,7302018Revenue 2019: $724,006Expenses 2019: $656,674Net Income 2019: $67,3322019Revenue 2020: $884,697Expenses 2020: $616,895Net Income 2020: $267,8022020Revenue 2021: $1,143,433Expenses 2021: $740,772Net Income 2021: $402,6612021Revenue 2022: $1,914,728Expenses 2022: $1,048,215Net Income 2022: $866,5132022Revenue 2023: $2,196,037Expenses 2023: $1,406,611Net Income 2023: $789,4262023Revenue 2024: $2,968,961Expenses 2024: $1,968,472Net Income 2024: $1,000,4892024

Highlighted filing

2021

Revenue$1,143,433
Expenses$740,772
Net Income$402,661
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 23, 2022
Return Version
2021v4.0
Gross Receipts
$1,158,398
Mission and Program Overview

Mission

Training and consulting with community organizers, supervisors and volunteers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$526,693$752,189▲ $225,496
Savings and Temporary Cash Investments$158,439$174,091▲ $15,652
Pledges and Grants Receivable$11,450$150,000▲ $138,550
Accounts Receivable$38,247$40,484▲ $2,237
Prepaid Expenses and Deferred Charges$5,245$7,620▲ $2,375
Land, Buildings, and Equipment, Net$1,419$2,561▲ $1,142
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$748,674$1,134,126▲ $385,452
Other Assets Total$7,181$7,181→ $0
Liabilities
Deferred Revenue$151,350$197,189▲ $45,839
Unsecured Notes Loans Payable$59,400--
Accounts Payable and Accrued Expenses$4,612$964▼ $3,648
Total Liabilities$215,362$198,153▼ $17,209
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$433,312$647,223▲ $213,911
Net Assets With Donor Restrictions$100,000$288,750▲ $188,750
Total Net Assets Fund Balance$533,312$935,973▲ $402,661
Total Liabilities and Net Assets / Fund Balance$748,674$1,134,126▲ $385,452

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,561$25,546$28,107
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Eric ZacharyExecutive DirectorFT$127,500$127,500
Jhatayn TravisExecutive DirectorFT$127,500$127,500
Judy HertzDirectorPT$34,433$34,433
Jacquelyn A KendallDirector-$2,550$2,550

Board Members and Trustees

NameTitle
Heather BoothChairperson
David MedinaDirector
Eddy MoralesDirector
Jitu BrownDirector
Marvin RandolphDirector
Robert CreamerDirector
Saqib BhattiDirector
Jacquelyne GrimshawTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$447,925
Program Service Revenue
$650,802
Investment Income
$160
Other Revenue
$44,546
All Other Contributions
$388,525
Change in Net Assets
$402,661

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,143,433
Total Revenue per Audited Statements
$1,143,433
Total Revenue per Form 990
$1,143,433
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$608,291
Other Expenses$132,481
Total Fundraising Expense$63,505
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$231,546$31,494$28,943$291,983
Other Salaries and Wages$149,254$16,106$18,657$184,017
Other Employee Benefits$75,978$9,497$9,497$94,972
Payroll Taxes$29,855$3,732$3,732$37,319
Fees for Services Other$8,691$22,110-$30,801
Occupancy$17,863$2,101$1,051$21,015
All Other Expenses$1,971$7,532-$9,503
Office Expenses$172$3,426-$3,598
Other Expenses$328$1,140$1,563$3,031
Insurance-$1,419-$1,419
Depreciation Depletion$1,055$124$62$1,241
Travel$402--$402
Total Functional Expenses$566,922$110,345$63,505$740,772

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$740,772
Total Expenses per Audited Statements$740,772
Total Expenses per Form 990$740,772
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$51,790
Fundraising Direct Expenses$14,965
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Academy Awards$51,790$51,790$14,965$36,825
Total Events$51,790$51,790$14,965$36,825
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
No
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, Line 11B: Form 990 Review Process

The board reviews the 990 prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board and staff members annually sign a conflict of interest statement and discuss any issues at that time.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The Board sets compensation levels for the Co-Executive Directors.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

The 990 can be acquired through the guidestar.org and IL Attorney general websites.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Available upon request.

Filing and Contact Details

Filer

Filer Name
Midwest Academy
EIN
36-2776406
Phone
3124272304
Address
53 W Jackson Blvd Ste 1634, Chicago, IL 60604

Signing Officer

Name
Eric Zachary
Title
Executive Director
Signed
2022-06-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Zachary
Formed
1972
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
9
Employees
7
Volunteers
10

Preparer

Firm
Il Nfp Audit and Tax Llp
Address
564 W RANDOLPH STREET SUITE 200, CHICAGO, IL 60661
Preparer
Abdullah Khan CPA
Phone
3129985500
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Organization is exempt from Federal and State income taxes under Section 501c3 of the Internal Revenue Code, therefore, the financial statements do not include a provision for income taxes. The Organization reviews income tax positions taken or expected to be taken in income tax returns to determine if there are any income tax uncertainties. This includes positions that the entity is exempt from income taxes or not subject to income taxes on unrelated business income. The Organization recognizes tax benefits from uncertain tax positions only if it is more likely than not that the tax positions will be sustained on examination by taxing authorities, based on the technical merits of the positions. The Organization has identified no significant income tax uncertainties. The Organization files information returns as a tax-exempt organization. Should that status be challenged in the future, all years since inception could be subject to review by the IRS.

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IRS990/Desc0Training and Consulting - From its founding in 1973, the Organization has been the go-to training school for organizers across the progressive movement. Its trainers have distilled decades of experience in social justice organizing into practical lessons for social justice organizers. Organizers in labor, women's rights, the environment, racial justice, immigrant rights, corporate accountability, and many more issues have found value in the Organization's skills-based approach to organizing. The Organization currently provides three courses: ORGANIZING FOR JUSTICE (FORMERLY ORGANIZING FOR SOCIAL CHANGE), Advanced Strategy Retreat, and Supervising Organizers Workshop. Additionally, the Organization works closely with other organizations to meet said organizations' specific needs. This includes working with staff and leaders to develop issue campaign strategies, recruitment plans, staff, board and volunteer development, evaluation, development of effective field organizing structures for local, state, and national organizations and non-partisan voter registration training.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from Federal and State income taxes under Section 501c3 of the Internal Revenue Code, therefore, the financial statements do not include a provision for income taxes. The Organization reviews income tax positions taken or expected to be taken in income tax returns to determine if there are any income tax uncertainties. This includes positions that the entity is exempt from income taxes or not subject to income taxes on unrelated business income. The Organization recognizes tax benefits from uncertain tax positions only if it is more likely than not that the tax positions will be sustained on examination by taxing authorities, based on the technical merits of the positions. The Organization has identified no significant income tax uncertainties. The Organization files information returns as a tax-exempt organization. Should that status be challenged in the future, all years since inception could be subject to review by the IRS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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