Civic Intelligence

Willows Academy

990 • Fiscal year 2022 • EIN 36-2813264

Jul 01, 2021 to Jun 30, 2022 • Filed on Oct 18, 2022

Organization Profilewww.willowsacademy.org

View Organization Page

1015 Rose AvenueDes Plaines, IL 60016

(847) 824-6900

Siviq Scores

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

Liabilities / Assets

68th percentile

0.30x

Higher debt load relative to assets than 68% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

71st percentile

0.42x

Higher debt load relative to revenue than 71% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

73rd percentile

23%

Higher net margin than 73% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

62nd percentile

5.9%

Faster asset growth than 62% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

80th percentile

37%

Faster revenue growth than 80% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$6,039,225

Up $337,312 (+5.9%) from 2021

Net Assets

Up

$4,222,207

Up $910,338 (+27%) from 2021

Liabilities

Down

$1,817,018

Down $573,026 (-24%) from 2021

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin73rd percentile

Revenue

Up

$4,277,989

Up $1,155,053 (+37%) from 2021

Expenses

Up

$3,315,007

Up $51,145 (+1.6%) from 2021

Net Income

Up

$962,982

Up $1,103,908 (+783%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

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 2022: $6,039,225Liabilities 2022: $1,817,018Net Assets 2022: $4,222,2072022Assets 2025: $5,479,205Liabilities 2025: $1,755,467Net Assets 2025: $3,723,7382025

Highlighted filing

2022

Assets$6,039,225
Liabilities$1,817,018
Net Assets$4,222,207
Open 2022 Filing

Operations Trend

Revenue Growth80th percentile

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 2022: $4,277,989Expenses 2022: $3,315,007Net Income 2022: $962,9822022Revenue 2025: $4,463,653Expenses 2025: $4,535,441Net Income 2025: -$71,7882025

Highlighted filing

2022

Revenue$4,277,989
Expenses$3,315,007
Net Income$962,982
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Oct 18, 2022
Return Version
2021v4.0
Gross Receipts
$4,411,923
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,301,634$4,501,304▲ $199,670
Savings and Temporary Cash Investments$919,348$557,393▼ $361,955
Accounts Receivable-$514,697-
Investments in Publicly Traded Securities$260,378$222,242▼ $38,136
Cash and Non-Interest-Bearing Accounts$196,090$212,141▲ $16,051
Prepaid Expenses and Deferred Charges$24,463$31,448▲ $6,985
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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$5,701,913$6,039,225▲ $337,312
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,500,000$1,475,454▼ $24,546
Unsecured Notes Loans Payable$480,350--
Accounts Payable and Accrued Expenses$300,215$226,513▼ $73,702
Deferred Revenue$109,479$115,051▲ $5,572
Total Liabilities$2,390,044$1,817,018▼ $573,026
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,040,606$3,929,080▲ $888,474
Net Assets With Donor Restrictions$271,263$293,127▲ $21,864
Total Net Assets Fund Balance$3,311,869$4,222,207▲ $910,338
Total Liabilities and Net Assets / Fund Balance$5,701,913$6,039,225▲ $337,312

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,065,197$1,925,702$3,990,899
Buildings$1,905,682$1,521,751$3,427,433
Equipment$111,115$944,339$1,055,454
Land$415,000-$415,000
Other Land Buildings$4,310$26,453$30,763

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$260,378-▼ $38,136-$222,242
2020$218,800$12,500▲ $41,578-$260,378
2019$211,110-▲ $10,590-$218,800
2018-$207,374▲ $3,736-$211,110
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Shane AnastasiPresident
Jason ElderVice President
Anthony SvanasciniDirector
Daniel ChristoffelDirector
Elizabeth M DolackDirector
Molly KurtDirector
Thomas CarterDirector
Aileen ChangSecretary
John McNallyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,012,910
Program Service Revenue
$2,309,854
Investment Income
$16,315
Other Revenue
$-61,090
All Other Contributions
$415,466
Change in Net Assets
$962,982

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Securities Publicly Traded7$81,630
Total Noncash Contributions7$81,630

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,277,989
Revenue Not Reported on Form 990
$-52,644
Total Revenue per Audited Statements
$4,225,345
Total Revenue per Form 990
$4,277,989
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,244,343
Other Expenses$1,070,664
Total Fundraising Expense$5,952
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,865,016$500-$1,865,516
Other Employee Benefits$236,264$4,293-$240,557
Depreciation Depletion$159,629$35,916$3,991$199,536
Payroll Taxes$138,270--$138,270
Advertising$118,803--$118,803
Office Expenses$1,500$78,153-$79,653
Interest$50,050$11,261$1,251$62,562
Insurance-$48,097-$48,097
All Other Expenses$3,737$39,094$710$43,541
Travel$25,312$6,165-$31,477
Information Technology$26,648--$26,648
Occupancy-$25,136-$25,136
Other Expenses$112,773$21,722-$21,722
Fees for Services Other$3,940$15,141-$19,081
Total Functional Expenses$2,741,942$567,113$5,952$3,315,007

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,315,007
Total Expenses per Audited Statements$3,315,007
Total Expenses per Form 990$3,315,007
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$61,090
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Holiday Prelude$576,965-$43,934-
Gala$22,350-$17,156-
Total Events$599,315-$61,090$-61,090
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
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, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

“The Board of Trustees retains election rights that are not delegated to the remaining Board.”

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

“The Board of Trustees decisions are subject to appoval by the remaining Board.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“990 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

“Director salary is determined by the board of directors. The board. Members evaluate on a yearly basis the performance of the directors.”

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 990 can be acquired through the il attorney general and guidestar.org websites.”

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

“Disclosure of governing documents, policies, and financial statements is made to the general public upon written request.”

Filing and Contact Details

Filer

Filer Name
Willows Academy
EIN
36-2813264
Phone
8478246900
Address
1015 Rose Avenue, Des Plaines, IL 60016

Signing Officer

Name
John McNally
Title
Treasurer
Signed
2022-10-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Presberg
Formed
1997
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
62

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 V, Line 4: Intended uses of the endowment fund.

“For Student Financial Aid”

Part X : FIN48 Footnote

“Willows 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. Willows 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. Willows 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. Willows has identified no significant income tax uncertainties. Willows 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/InterestGrp/ManagementAndGeneralAmt011261
IRS990/InterestGrp/ProgramServicesAmt050050
IRS990/InterestGrp/TotalAmt062562
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt05722
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05722
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0260378
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0222242
IRS990/IRPDocumentCnt025
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04418245
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04301634
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04501304
IRS990/LandBldgEquipCostOrOtherBssAmt08919549
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt072844
IRS990/LoanOutstandingInd0true
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01500000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01475454
IRS990/NetAssetsOrFundBalancesBOYAmt03311869
IRS990/NetAssetsOrFundBalancesEOYAmt04222207
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt010593
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt010593
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-61090
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-52644
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03040606
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03929080
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt081630
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt025136
IRS990/OccupancyGrp/TotalAmt025136
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt078153
IRS990/OfficeExpensesGrp/ProgramServicesAmt01500
IRS990/OfficeExpensesGrp/TotalAmt079653
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04293
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0236264
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0240557
IRS990/OtherExpensesGrp/Desc0Repairs & Maintenance
IRS990/OtherExpensesGrp/Desc1Program Supplies
IRS990/OtherExpensesGrp/Desc2Utilities
IRS990/OtherExpensesGrp/Desc3Other Fees
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0204133
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt177502
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt221722
IRS990/OtherExpensesGrp/ProgramServicesAmt0112773
IRS990/OtherExpensesGrp/TotalAmt0204133
IRS990/OtherExpensesGrp/TotalAmt1112773
IRS990/OtherExpensesGrp/TotalAmt277502
IRS990/OtherExpensesGrp/TotalAmt321722
IRS990/OtherInd0X
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0500
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01865016
IRS990/OtherSalariesAndWagesGrp/TotalAmt01865516
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt0138270
IRS990/PayrollTaxesGrp/TotalAmt0138270
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt024463
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt031448
IRS990/PrincipalOfficerNm0Mary Presberg
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0NET TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT ACTIVITIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02277852
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt132002
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02277852
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt132002
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01030695
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt015327
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0922476
IRS990/PYOtherRevenueAmt0-48106
IRS990/PYProgramServiceRevenueAmt02125020
IRS990/PYRevenuesLessExpensesAmt0-140926
IRS990/PYSalariesCompEmpBnftPaidAmt02341386
IRS990/PYTotalExpensesAmt03263862
IRS990/PYTotalRevenueAmt03122936
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0962982
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02309854
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0919348
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0557393
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt01905682
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01521751
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03427433
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0260378
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0222242
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-38136
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0218800
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt012500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0260378
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt012500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt041578
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0211110
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0218800
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt02900
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt010590
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0207374
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0211110
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03736
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0111115
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0944339
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01055454
IRS990ScheduleD/ExpensesSubtotalAmt03315007
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0415000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0415000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02065197
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01925702
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03990899
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-52644
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04310
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt026453
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt030763
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueNotReportedAmt0-52644
IRS990ScheduleD/RevenueSubtotalAmt04277989
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0For Student Financial Aid
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Willows 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. Willows 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. Willows 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. Willows has identified no significant income tax uncertainties. Willows 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 V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X : FIN48 Footnote
IRS990ScheduleD/TermEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04501304
IRS990ScheduleD/TotalExpensesPerForm990Amt03315007
IRS990ScheduleD/TotalRevenuePerForm990Amt04277989
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04225345
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03315007
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,039,225
Liabilities
$1,817,018
Net assets
$4,222,207
Revenue
$4,277,989
Expenses
$3,315,007
Net income
$962,982
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.48$1.76$3.72$4.46$4.54$0.07
2022Detailed filing. Detailed filing data is available for this year.$6.04$1.82$4.22$4.28$3.32$0.96
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.70$2.39$3.31$3.12$3.26$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.61$2.19$3.42$3.38$3.67$0.30
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.51$1.79$3.72$3.45$3.42$0.03
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.58$1.89$3.69$3.06$3.16$0.10
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.04$2.26$3.79$3.02$3.74$0.72
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.60$5.59$4.02$3.50
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.42$5.75$3.66$6.27