Civic Intelligence

Willows Academy

990 • Fiscal year 2025 • EIN 36-2813264

Jul 01, 2024 to Jun 30, 2025 • Filed on Nov 03, 2025

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

71st percentile

0.32x

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

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

72nd percentile

0.39x

Higher debt load relative to revenue than 72% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

29th percentile

-1.6%

Higher net margin than 29% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

31st percentile

-0.8%

Faster asset growth than 31% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

52nd percentile

6.7%

Faster revenue growth than 52% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Down

$5,479,205

Down $222,708 (-3.9%) from 2021

Net Assets

Up

$3,723,738

Up $411,869 (+12%) from 2021

Liabilities

Down

$1,755,467

Down $634,577 (-27%) from 2021

Revenue

Up

$4,463,653

Up $1,340,717 (+43%) from 2021

Expenses

Up

$4,535,441

Up $1,271,579 (+39%) from 2021

Net Income

Up

-$71,788

Up $69,138 (+49%) from 2021

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

2025

Assets$5,479,205
Liabilities$1,755,467
Net Assets$3,723,738

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

2025

Revenue$4,463,653
Expenses$4,535,441
Net Income-$71,788
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 3, 2025
Return Version
2024v5.2
Gross Receipts
$4,722,043
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$4,928,638$4,825,637▼ $103,001
Investments in Publicly Traded Securities$247,025$276,108▲ $29,083
Savings and Temporary Cash Investments$213,145$215,954▲ $2,809
Cash and Non-Interest-Bearing Accounts$90,677$91,889▲ $1,212
Prepaid Expenses and Deferred Charges$43,296$69,617▲ $26,321
Accounts Receivable-$0-
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$5,522,781$5,479,205▼ $43,576
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,416,282$1,386,921▼ $29,361
Accounts Payable and Accrued Expenses$163,200$205,598▲ $42,398
Deferred Revenue$158,145$162,948▲ $4,803
Total Liabilities$1,737,627$1,755,467▲ $17,840
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,497,244$3,421,745▼ $75,499
Net Assets With Donor Restrictions$287,910$301,993▲ $14,083
Total Net Assets Fund Balance$3,785,154$3,723,738▼ $61,416
Total Liabilities and Net Assets / Fund Balance$5,522,781$5,479,205▼ $43,576

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,619,458$2,425,480$5,044,938
Buildings$1,642,032$1,785,401$3,427,433
Equipment$148,853$1,050,567$1,199,420
Land$415,000-$415,000
Other Land Buildings$294$30,469$30,763

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$247,025-▲ $29,083-$276,108
2023$230,857-▲ $29,568-$247,025
2022$222,242-▲ $21,615-$230,857
2021$260,378-▼ $38,136-$222,242
2020$218,800$12,500▲ $41,578-$260,378
Compensation and Service Providers

Board Members and Trustees

NameTitle
Elizabeth M DolackPresident
Jason ElderVice President
Mary Conroy SimpsonDirector
Shane AnastasiDirector
Somarly AvilaDirector
Susan KippDirector
Thomas CarterDirector
Daniel ChristoffelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,359,026
Program Service Revenue
$3,158,600
Investment Income
$25,574
Other Revenue
$-79,547
All Other Contributions
$691,746
Change in Net Assets
$-71,788

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$178,843
Total Noncash Contributions7$178,843

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,463,653
Revenue Not Reported on Form 990
$21,370
Total Revenue per Audited Statements
$4,485,023
Total Revenue per Form 990
$4,463,653
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,163,372
Other Expenses$1,372,069
Total Fundraising Expense$17,306
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,514,949$114,462-$2,629,411
Other Employee Benefits$337,033$2,749-$339,782
Depreciation Depletion$266,940$60,061$6,674$333,675
Payroll Taxes$194,179--$194,179
Advertising$108,665--$108,665
Interest$70,103$15,773$1,753$87,629
Insurance-$81,102-$81,102
All Other Expenses$17,282$58,693$879$76,854
Office Expenses$2,100$71,341-$73,441
Other Expenses$182,308$41,252-$41,252
Information Technology$33,159--$33,159
Occupancy-$26,944-$26,944
Fees for Services Other$4,720$10,337$8,000$23,057
Travel$11,235$9,671-$20,906
Total Functional Expenses$3,742,673$775,462$17,306$4,535,441

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,546,439
Expenses per Audited Statements$4,535,441
Total Expenses per Form 990$4,535,441
Expenses Not Reported on Form 990$10,998
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$79,547
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Holiday Prelude$667,280-$79,547-
Total Events$667,280-$79,547$-79,547
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
CFO
Signed
2025-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shane Anastasi
Formed
1997
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
8
Employees
76
Volunteers
60

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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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
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