Civic Intelligence

Willows Academy

990 • Fiscal year 2018 • EIN 36-2813264

Jul 01, 2017 to Jun 30, 2018 • Filed on Sep 28, 2018

1015 Rose AveDes Plaines, IL 60016

(847) 298-0170

Siviq Scores

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

Liabilities / Assets

67th percentile

0.34x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

76th percentile

0.62x

Higher debt load relative to revenue than 76% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

28th percentile

-3.3%

Higher net margin than 28% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

14th percentile

-7.7%

Faster asset growth than 14% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

42nd percentile

1.3%

Faster revenue growth than 42% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$5,578,854

Down $465,260 (-7.7%) from 2017

Net Assets

Down

$3,687,099

Down $99,449 (-2.6%) from 2017

Liabilities

Down

$1,891,755

Down $365,811 (-16%) from 2017

Revenue

Up

$3,055,972

Up $39,805 (+1.3%) from 2017

Expenses

Down

$3,155,421

Down $583,464 (-16%) from 2017

Net Income

Up

-$99,449

Up $623,269 (+86%) from 2017

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $9,419,452Liabilities 2010: $5,754,917Net Assets 2010: $3,664,5352010Assets 2011: $9,603,395Liabilities 2011: $5,588,173Net Assets 2011: $4,015,2222011Assets 2017: $6,044,114Liabilities 2017: $2,257,566Net Assets 2017: $3,786,5482017Assets 2018: $5,578,854Liabilities 2018: $1,891,755Net Assets 2018: $3,687,0992018Assets 2019: $5,509,689Liabilities 2019: $1,791,814Net Assets 2019: $3,717,8752019Assets 2020: $5,608,916Liabilities 2020: $2,185,324Net Assets 2020: $3,423,5922020Assets 2021: $5,701,913Liabilities 2021: $2,390,044Net Assets 2021: $3,311,8692021Assets 2025: $5,479,205Liabilities 2025: $1,755,467Net Assets 2025: $3,723,7382025

Highlighted filing

2018

Assets$5,578,854
Liabilities$1,891,755
Net Assets$3,687,099

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $6,269,4442010Expenses 2011: $3,504,6022011Revenue 2017: $3,016,167Expenses 2017: $3,738,885Net Income 2017: -$722,7182017Revenue 2018: $3,055,972Expenses 2018: $3,155,421Net Income 2018: -$99,4492018Revenue 2019: $3,451,921Expenses 2019: $3,424,881Net Income 2019: $27,0402019Revenue 2020: $3,377,302Expenses 2020: $3,673,060Net Income 2020: -$295,7582020Revenue 2021: $3,122,936Expenses 2021: $3,263,862Net Income 2021: -$140,9262021Revenue 2025: $4,463,653Expenses 2025: $4,535,441Net Income 2025: -$71,7882025

Highlighted filing

2018

Revenue$3,055,972
Expenses$3,155,421
Net Income-$99,449
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Sep 28, 2018
Return Version
2017v2.2
Gross Receipts
$3,108,489
Mission and Program Overview

Mission

To help cooperating parents form the characters of their daughters so that the girls grow up to become competent, responsible professional women, who raise strong families, and live by Christian moral principles as taught by the Catholic Church.

Willows Academy is a preeminent college preparatory school, rich in the Catholic tradition, and focused exclusively on the education of young women grades 6 through 12.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,387,548$4,264,860▼ $122,688
Savings and Temporary Cash Investments$1,245,319$1,104,026▼ $141,293
Cash and Non-Interest-Bearing Accounts$330,056$148,900▼ $181,156
Prepaid Expenses and Deferred Charges$53,526$57,243▲ $3,717
Accounts Receivable$15,476$3,825▼ $11,651
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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$6,044,114$5,578,854▼ $465,260
Other Assets Total$12,189$0▼ $12,189
Liabilities
Tax Exempt Bond Liabilities$1,640,538$1,500,000▼ $140,538
Accounts Payable and Accrued Expenses$230,204$217,726▼ $12,478
Other Liabilities$386,824$174,029▼ $212,795
Total Liabilities$2,257,566$1,891,755▼ $365,811
Net Assets / Fund Balance
Unrestricted Net Assets$3,776,043$3,676,394▼ $99,649
Temporarily Rstr Net Assets$10,505$10,705▲ $200
Total Net Assets Fund Balance$3,786,548$3,687,099▼ $99,449
Total Liabilities and Net Assets / Fund Balance$6,044,114$5,578,854▼ $465,260

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,803,146$2,789,192$6,592,338
Other Land Buildings$46,714$836,794$883,508
Land$415,000-$415,000
Equipment-$26,360$26,360
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$320,015
Program Service Revenue
$2,741,539
Investment Income
$8,708
Other Revenue
$-14,290
All Other Contributions
$200,700
Change in Net Assets
$-99,449

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,055,972
Revenue Not Reported on Form 990
$-248,097
Total Revenue per Audited Statements
$2,807,875
Total Revenue per Form 990
$3,055,972
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,081,730
Other Expenses$800,277
Grants and Similar Amounts Paid$273,414
Total Fundraising Expense$15,234
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,667,686$17,762-$1,685,448
Other Employee Benefits$362,156$34,126-$396,282
Grants to Domestic Individuals$273,414--$273,414
Depreciation Depletion$144,882$32,599$3,622$181,103
All Other Expenses$15,366$65,715-$81,081
Occupancy-$72,076-$72,076
Interest$53,958$12,140$1,349$67,447
Office Expenses-$60,624-$60,624
Insurance-$46,908-$46,908
Other Expenses$22,318$66,220-$22,318
Fees for Services Accounting-$10,750-$10,750
Advertising--$10,263$10,263
Fees for Services Legal-$200-$200
Total Functional Expenses$2,635,556$504,631$15,234$3,155,421

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,155,421
Total Expenses per Form 990$3,155,421
Total Expenses per Audited Statements$2,907,324
Expenses Not Reported on Form 990$-248,097
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$52,517
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Holiday Prelude$97,170-$25,317-
Gala$22,145-$27,200-
Total Events$119,315-$52,517$-52,517
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Student Deposits$159,858
Student Activity Fund$9,096
Accrued Interest Payable$5,075
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 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, Line 11B: Form 990 Review Process

Reviewed by management and made available to the Board of Directors

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

The board re-evaluates possible conflicts of interest on an annual basis.

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

The executive director's salary is determined by the board of directors. The board members evaluate on a yearly basis the performance of the executive director.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Board reviews and approves salaries as part of the budgeting process

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

The IRS 990 can be acquired through the Guidestar.org website.

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

Made available upon request and via www.guidestar.org

Filing and Contact Details

Filer

Filer Name
Willows Academy
EIN
36-2813264
Phone
8472980170
Address
1015 Rose Ave, DES PLAINES, IL 60016

Signing Officer

Name
John McNally
Title
Treasurer
Signed
2018-09-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maureen Kiernan
Formed
1997
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
64
Volunteers
50

Preparer

Firm
Knutte & Associates Pc
Address
7900 S CASS AVE STE 210, DARIEN, IL 60561-5066
Preparer
Joseph Knutte CPA
Phone
6309603317
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IRS990/OtherRevenueTotalAmt038227
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt017762
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01667686
IRS990/OtherSalariesAndWagesGrp/TotalAmt01685448
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt053526
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt057243
IRS990/PrincipalOfficerNm0Maureen Kiernan
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Gross Tuition and Charges
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02741539
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02741539
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0283120
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0988968
IRS990/PYInvestmentIncomeAmt04074
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0758599
IRS990/PYOtherRevenueAmt043398
IRS990/PYProgramServiceRevenueAmt02685575
IRS990/PYRevenuesLessExpensesAmt0-722718
IRS990/PYSalariesCompEmpBnftPaidAmt01991318
IRS990/PYTotalExpensesAmt03738885
IRS990/PYTotalRevenueAmt03016167
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-99449
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02741539
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01245319
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01104026
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt03803146
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02789192
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06592338
IRS990ScheduleD/EquipmentGrp/DepreciationAmt026360
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt026360
IRS990ScheduleD/ExpensesNotReportedAmt0-248097
IRS990ScheduleD/ExpensesSubtotalAmt03155421
IRS990ScheduleD/LandGrp/BookValueAmt0415000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0415000
IRS990ScheduleD/OtherExpensesIncludedAmt0-248097
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt046714
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0836794
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0883508
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05075
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt19096
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2159858
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1STUDENT ACTIVITY FUND
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2STUDENT DEPOSITS
IRS990ScheduleD/OtherRevenueAmt0-248097
IRS990ScheduleD/RevenueNotReportedAmt0-248097
IRS990ScheduleD/RevenueSubtotalAmt03055972
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04264860
IRS990ScheduleD/TotalExpensesPerForm990Amt03155421
IRS990ScheduleD/TotalLiabilityAmt0174029
IRS990ScheduleD/TotalRevenuePerForm990Amt03055972
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02807875
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02907324
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0false
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0119315
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt097170
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt022145
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt052517
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Holiday Prelude
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Gala
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt097170
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt022145
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0119315
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-52517
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt052517
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt025317
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt027200
IRS990ScheduleG/LicensedStatesCd0IL
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0273414
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Student Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0Tuition discount for students award
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt015
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Reviewed by management and made available to the Board of Directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD RE-EVALUATES POSSIBLE CONFLICTS OF INTEREST ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The executive director's salary is determined by the board of directors. The board members evaluate on a yearly basis the performance of the executive director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Board reviews and approves salaries as part of the budgeting process
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The IRS 990 can be acquired through the Guidestar.org website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Made available upon request and via www.guidestar.org
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management

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