Civic Intelligence

Midwest Academy Inc.

990 • Fiscal year 2023 • EIN 36-2776406

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 10, 2024

PO Box 16369Chicago, IL 60616

(312) 427-2304

Siviq Scores

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

Liabilities / Assets

50th percentile

0.06x

Higher debt load relative to assets than 50% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

49th percentile

0.08x

Higher debt load relative to revenue than 49% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

85th percentile

36%

Higher net margin than 85% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

81st percentile

$139,391

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

87th percentile

43%

Faster asset growth than 87% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

61st percentile

15%

Faster revenue growth than 61% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$2,754,086

Up $833,649 (+43%) from 2022

Net Assets

Up

$2,579,653

Up $789,426 (+44%) from 2022

Liabilities

Up

$174,433

Up $44,223 (+34%) from 2022

Revenue

Up

$2,196,037

Up $281,309 (+15%) from 2022

Expenses

Up

$1,406,611

Up $358,396 (+34%) from 2022

Net Income

Down

$789,426

Down $77,087 (-8.9%) from 2022

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

2023

Assets$2,754,086
Liabilities$174,433
Net Assets$2,579,653

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

2023

Revenue$2,196,037
Expenses$1,406,611
Net Income$789,426
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 10, 2024
Return Version
2023v5.1
Gross Receipts
$2,196,037
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$1,617,352$2,131,517▲ $514,165
Pledges and Grants Receivable$31,217$280,001▲ $248,784
Savings and Temporary Cash Investments$201,741$274,941▲ $73,200
Accounts Receivable$42,406$26,787▼ $15,619
Land, Buildings, and Equipment, Net$15,058$23,088▲ $8,030
Prepaid Expenses and Deferred Charges$12,663$17,752▲ $5,089
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$1,920,437$2,754,086▲ $833,649
Other Assets Total-$0-
Liabilities
Deferred Revenue$71,730$109,440▲ $37,710
Accounts Payable and Accrued Expenses$58,480$64,993▲ $6,513
Total Liabilities$130,210$174,433▲ $44,223
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,083,582$1,474,632▲ $391,050
Net Assets With Donor Restrictions$706,645$1,105,021▲ $398,376
Total Net Assets Fund Balance$1,790,227$2,579,653▲ $789,426
Total Liabilities and Net Assets / Fund Balance$1,920,437$2,754,086▲ $833,649

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$23,088$32,331$55,419
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Eric ZacharyExecutive DirectorFT$139,391$139,391
Yomara VelezExecutive DirectorFT$139,391$139,391
Judy HertzDirectorPT$28,378$28,378

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,346,989
Program Service Revenue
$845,631
Investment Income
$3,402
Other Revenue
$15
All Other Contributions
$1,346,989
Change in Net Assets
$789,426

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,196,037
Revenue Not Reported on Form 990
$1,320
Total Revenue per Audited Statements
$2,197,357
Total Revenue per Form 990
$2,196,037
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$875,410
Other Expenses$412,685
Total Fundraising Expense$195,210
Grants and Similar Amounts Paid$118,516
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$284,877$35,610$35,610$356,097
Current Officers, Directors, Trustees, and Key Employees$245,728$30,716$30,716$307,160
Other Employee Benefits$127,833$15,979$15,979$159,791
Grants to Domestic Individuals$118,516--$118,516
Fees for Services Other-$96,411$12,405$108,816
Payroll Taxes$41,890$5,236$5,236$52,362
Travel$5,234-$5,234$10,468
Depreciation Depletion$4,579$540$269$5,388
Other Expenses$246$4,558$2,875$4,558
All Other Expenses-$4,218-$4,218
Office Expenses-$3,910-$3,910
Occupancy$1,544$182$91$1,817
Insurance-$747-$747
Information Technology-$720-$720
Total Functional Expenses$1,005,828$205,573$195,210$1,406,611

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,407,931
Expenses per Audited Statements$1,406,611
Total Expenses per Form 990$1,406,611
Expenses Not Reported on Form 990$1,320
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
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, Section B, Line 11B

The board reviews the 990 prior to filing.

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

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

Form 990, Part VI, Section B, Line 15A

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

Form 990, Part VI, Section C, Line 18

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

Form 990, Part VI, Section C, Line 19

Available upon request.

Filing and Contact Details

Filer

Filer Name
Midwest Academy
EIN
36-2776406
Phone
3124272304
Address
PO Box 16369, Chicago, IL 60616

Signing Officer

Name
Eric Zachary
Title
Executive Director
Signed
2024-07-10
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
10
Volunteers
15

Preparer

Firm
Il Nfp Audit and Tax Llp
Address
200 S WACKER DR SUITE 3100, CHICAGO, IL 60606
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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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0Training and consulting with community organizers, supervisors and volunteers.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt02579653
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01474632
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IRS990/OccupancyGrp/ProgramServicesAmt01544
IRS990/OccupancyGrp/TotalAmt01817
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IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt015979
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt015979
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0127833
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0159791
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IRS990/OtherExpensesGrp/Desc1Events
IRS990/OtherExpensesGrp/Desc2Bank Fees
IRS990/OtherExpensesGrp/Desc3Licenses & Fees
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IRS990/OtherExpensesGrp/FundraisingAmt12875
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04450
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12296
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt24558
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IRS990/OtherExpensesGrp/ProgramServicesAmt1246
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IRS990/OtherExpensesGrp/TotalAmt25417
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IRS990/PrincipalOfficerNm0Eric Zachary
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IRS990/QuidProQuoContriDisclInd0true
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IRS990/RoyaltiesGrp/TotalAmt00
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IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990ScheduleD/DonatedServicesUseFcltsAmt01320
IRS990ScheduleD/EquipmentGrp/BookValueAmt023088
IRS990ScheduleD/EquipmentGrp/DepreciationAmt032331
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt055419
IRS990ScheduleD/ExpensesNotReportedAmt01320
IRS990ScheduleD/ExpensesSubtotalAmt01406611
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt01320
IRS990ScheduleD/RevenueSubtotalAmt02196037
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
IRS990ScheduleD/TotalBookValueLandBuildingsAmt023088
IRS990ScheduleD/TotalExpensesPerForm990Amt01406611
IRS990ScheduleD/TotalRevenuePerForm990Amt02196037
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02197357
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IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
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IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true

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