Civic Intelligence

Willows Academy

990 • Fiscal year 2023 • EIN 36-2813264

Jul 01, 2022 to Jun 30, 2023 • Filed on Dec 01, 2023

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

0.31x

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

73rd percentile

0.51x

Higher debt load relative to revenue than 73% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

21st percentile

-10%

Higher net margin than 21% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

13th percentile

-6.7%

Faster asset growth than 13% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

18th percentile

-19%

Faster revenue growth than 18% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets68th percentile

Assets

Down

$5,634,302

Down $67,611 (-1.2%) from 2021

Net Assets

Up

$3,874,153

Up $562,284 (+17%) from 2021

Liabilities

Down

$1,760,149

Down $629,895 (-26%) from 2021

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin21st percentile

Revenue

Up

$3,480,469

Up $357,533 (+11%) from 2021

Expenses

Up

$3,835,986

Up $572,124 (+18%) from 2021

Net Income

Down

-$355,517

Down $214,591 (-152%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth13th 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 2023: $5,634,302Liabilities 2023: $1,760,149Net Assets 2023: $3,874,1532023Assets 2025: $5,479,205Liabilities 2025: $1,755,467Net Assets 2025: $3,723,7382025

Highlighted filing

2023

Assets$5,634,302
Liabilities$1,760,149
Net Assets$3,874,153
Open 2023 Filing

Operations Trend

Revenue Growth18th 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 2023: $3,480,469Expenses 2023: $3,835,986Net Income 2023: -$355,5172023Revenue 2025: $4,463,653Expenses 2025: $4,535,441Net Income 2025: -$71,7882025

Highlighted filing

2023

Revenue$3,480,469
Expenses$3,835,986
Net Income-$355,517
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Dec 1, 2023
Return Version
2022v5.0
Gross Receipts
$3,700,656
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$4,501,304$4,985,460▲ $484,156
Accounts Receivable$514,697$265,217▼ $249,480
Investments in Publicly Traded Securities$222,242$230,857▲ $8,615
Savings and Temporary Cash Investments$557,393$69,935▼ $487,458
Cash and Non-Interest-Bearing Accounts$212,141$44,874▼ $167,267
Prepaid Expenses and Deferred Charges$31,448$37,959▲ $6,511
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$6,039,225$5,634,302▼ $404,923
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,475,454$1,443,637▼ $31,817
Accounts Payable and Accrued Expenses$226,513$188,400▼ $38,113
Deferred Revenue$115,051$128,112▲ $13,061
Total Liabilities$1,817,018$1,760,149▼ $56,869
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,929,080$3,587,411▼ $341,669
Net Assets With Donor Restrictions$293,127$286,742▼ $6,385
Total Net Assets Fund Balance$4,222,207$3,874,153▼ $348,054
Total Liabilities and Net Assets / Fund Balance$6,039,225$5,634,302▼ $404,923

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,657,273$2,038,139$4,695,412
Buildings$1,817,776$1,609,657$3,427,433
Equipment$92,440$978,225$1,070,665
Land$415,000-$415,000
Other Land Buildings$2,971$27,792$30,763

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$222,242-▲ $21,615-$230,857
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
Daniel ChristoffelDirector
Mary-Elise EckmanDirector
Thomas CarterDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$764,705
Program Service Revenue
$2,736,157
Investment Income
$42,263
Other Revenue
$-62,656
All Other Contributions
$328,374
Change in Net Assets
$-355,517

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 AmountValuation Method
Securities Publicly Traded7$144,531Fair Market Value (FMV)
Total Noncash Contributions7$144,531-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,480,469
Revenue Not Reported on Form 990
$61,483
Total Revenue per Audited Statements
$3,541,952
Total Revenue per Form 990
$3,480,469
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,595,783
Other Expenses$1,240,203
Total Fundraising Expense$7,768
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,146,120$7,500-$2,153,620
Other Employee Benefits$278,491$3,820-$282,311
Depreciation Depletion$189,775$42,699$4,744$237,218
Payroll Taxes$159,852--$159,852
Advertising$137,062--$137,062
Office Expenses$1,500$108,643-$110,143
All Other Expenses$6,655$59,196$1,719$67,570
Interest$52,219$11,749$1,305$65,273
Insurance-$52,791-$52,791
Information Technology$27,985--$27,985
Other Expenses$155,052$25,891-$25,891
Travel$14,655$9,000-$23,655
Fees for Services Other$5,730$13,805-$19,535
Occupancy-$12,707-$12,707
Total Functional Expenses$3,175,096$653,122$7,768$3,835,986

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,890,006
Expenses per Audited Statements$3,835,986
Total Expenses per Form 990$3,835,986
Expenses Not Reported on Form 990$54,020
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$62,656
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Holiday Prelude$423,155-$47,879-
Gala$13,176-$14,777-
Total Events$436,331-$62,656$-62,656
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, Section A, Line 7A

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

Form 990, Part VI, Section A, Line 7B

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

Form 990, Part VI, Section B, Line 11B

“990 reviewed by management and made available to the board of directors.”

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

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

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

“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, Section B, Line 15B

“Board reviews and approves salaries as part of the budgeting process.”

Form 990, Part VI, Section C, Line 18

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

Form 990, Part VI, Section C, Line 19

“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
2023-12-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shane Anastasi
Formed
1997
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
72
Volunteers
5

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 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/NoDonorRestrictionNetAssetsGrp/BOYAmt03929080
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03587411
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt0144531
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt012707
IRS990/OccupancyGrp/TotalAmt012707
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0108643
IRS990/OfficeExpensesGrp/ProgramServicesAmt01500
IRS990/OfficeExpensesGrp/TotalAmt0110143
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03820
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0278491
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0282311
IRS990/OtherExpensesGrp/Desc0Repairs & Maintenance
IRS990/OtherExpensesGrp/Desc1Program Supplies
IRS990/OtherExpensesGrp/Desc2Utilities
IRS990/OtherExpensesGrp/Desc3Other Fees
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0231152
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt174169
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt225891
IRS990/OtherExpensesGrp/ProgramServicesAmt0155052
IRS990/OtherExpensesGrp/TotalAmt0231152
IRS990/OtherExpensesGrp/TotalAmt1155052
IRS990/OtherExpensesGrp/TotalAmt274169
IRS990/OtherExpensesGrp/TotalAmt325891
IRS990/OtherInd0X
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt07500
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02146120
IRS990/OtherSalariesAndWagesGrp/TotalAmt02153620
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt0159852
IRS990/PayrollTaxesGrp/TotalAmt0159852
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt031448
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt037959
IRS990/PrincipalOfficerNm0Shane Anastasi
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0NET TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT ACTIVITIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02704707
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt131450
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02704707
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt131450
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02012910
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt016315
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01070664
IRS990/PYOtherRevenueAmt0-61090
IRS990/PYProgramServiceRevenueAmt02309854
IRS990/PYRevenuesLessExpensesAmt0962982
IRS990/PYSalariesCompEmpBnftPaidAmt02244343
IRS990/PYTotalExpensesAmt03315007
IRS990/PYTotalRevenueAmt04277989
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-355517
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02736157
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0557393
IRS990/SavingsAndTempCashInvstGrp/EOYAmt069935
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/BookValueAmt01817776
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01609657
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03427433
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0222242
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0230857
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt013000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt021615
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0260378
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0222242
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-38136
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0218800
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt012500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0260378
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt012500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt041578
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0211110
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0218800
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt02900
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt010590
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0207374
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0211110
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03736
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt054020
IRS990ScheduleD/DonatedServicesUseFcltsAmt054020
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt092440
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0978225
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01070665
IRS990ScheduleD/ExpensesNotReportedAmt054020
IRS990ScheduleD/ExpensesSubtotalAmt03835986
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0415000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0415000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02657273
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02038139
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04695412
IRS990ScheduleD/NetUnrealizedGainsInvstAmt07463
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02971
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt027792
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt030763
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueNotReportedAmt061483
IRS990ScheduleD/RevenueSubtotalAmt03480469
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/TotalBookValueLandBuildingsAmt04985460
IRS990ScheduleD/TotalExpensesPerForm990Amt03835986
IRS990ScheduleD/TotalRevenuePerForm990Amt03480469
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03541952
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03890006
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/AgrmtProfFundraisingActyInd0true
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0436331
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0423155
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt013176
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt062656
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0HOLIDAY PRELUDE
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0423155
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt013176
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0436331
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-62656
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt062656
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt047879

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,634,302
Liabilities
$1,760,149
Net assets
$3,874,153
Revenue
$3,480,469
Expenses
$3,835,986
Net income
-$355,517
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
2023Detailed filing. Detailed filing data is available for this year.$5.63$1.76$3.87$3.48$3.84$0.36
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