Civic Intelligence

Forest Bluff School Inc.

990 • Fiscal year 2020 • EIN 36-3188563

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 20, 2021

8 W ScrantonLake Bluff, IL 60044

(847) 295-8338

Siviq Scores

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

Liabilities / Assets

29th percentile

0.06x

Higher debt load relative to assets than 29% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

56th percentile

0.36x

Higher debt load relative to revenue than 56% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

60th percentile

8.5%

Higher net margin than 60% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

16th percentile

$53,006

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

11th percentile

-5.3%

Faster asset growth than 11% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

40th percentile

-1.7%

Faster revenue growth than 40% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Down

$11,827,684

Down $657,306 (-5.3%) from 2019

Net Assets

Down

$11,108,061

Down $204,104 (-1.8%) from 2019

Liabilities

Down

$719,623

Down $453,202 (-39%) from 2019

Revenue

Down

$2,017,391

Down $33,876 (-1.7%) from 2019

Expenses

Down

$1,846,393

Down $44,995 (-2.4%) from 2019

Net Income

Up

$170,998

Up $11,119 (+7.0%) from 2019

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $8,361,051Liabilities 2011: $1,737,310Net Assets 2011: $6,623,7412011Assets 2012: $9,210,815Liabilities 2012: $1,361,457Net Assets 2012: $7,849,3582012Assets 2014: $10,727,696Liabilities 2014: $991,355Net Assets 2014: $9,736,3412014Assets 2015: $11,024,653Liabilities 2015: $1,080,124Net Assets 2015: $9,944,5292015Assets 2016: $10,908,181Liabilities 2016: $1,045,679Net Assets 2016: $9,862,5022016Assets 2017: $11,685,546Liabilities 2017: $1,103,427Net Assets 2017: $10,582,1192017Assets 2018: $12,233,817Liabilities 2018: $1,283,001Net Assets 2018: $10,950,8162018Assets 2019: $12,484,990Liabilities 2019: $1,172,825Net Assets 2019: $11,312,1652019Assets 2020: $11,827,684Liabilities 2020: $719,623Net Assets 2020: $11,108,0612020Assets 2021: $14,252,541Liabilities 2021: $1,573,202Net Assets 2021: $12,679,3392021Assets 2022: $12,827,552Liabilities 2022: $1,866,752Net Assets 2022: $10,960,8002022Assets 2023: $14,167,663Liabilities 2023: $2,177,827Net Assets 2023: $11,989,8362023Assets 2025: $21,423,001Liabilities 2025: $2,733,823Net Assets 2025: $18,689,1782025

Highlighted filing

2020

Assets$11,827,684
Liabilities$719,623
Net Assets$11,108,061

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,386,2982011Expenses 2012: $1,336,9422012Revenue 2014: $1,860,313Expenses 2014: $1,445,799Net Income 2014: $414,5142014Revenue 2015: $1,827,888Expenses 2015: $1,457,629Net Income 2015: $370,2592015Revenue 2016: $1,779,422Expenses 2016: $1,600,123Net Income 2016: $179,2992016Revenue 2017: $1,847,000Expenses 2017: $1,687,951Net Income 2017: $159,0492017Revenue 2018: $2,039,741Expenses 2018: $1,824,819Net Income 2018: $214,9222018Revenue 2019: $2,051,267Expenses 2019: $1,891,388Net Income 2019: $159,8792019Revenue 2020: $2,017,391Expenses 2020: $1,846,393Net Income 2020: $170,9982020Revenue 2021: $1,955,969Expenses 2021: $2,169,429Net Income 2021: -$213,4602021Revenue 2022: $2,239,725Expenses 2022: $2,045,429Net Income 2022: $194,2962022Revenue 2023: $2,927,209Expenses 2023: $2,303,012Net Income 2023: $624,1972023Revenue 2025: $5,088,317Expenses 2025: $2,522,176Net Income 2025: $2,566,1412025

Highlighted filing

2020

Revenue$2,017,391
Expenses$1,846,393
Net Income$170,998
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 20, 2021
Return Version
2019v5.1
Gross Receipts
$3,607,130
Mission and Program Overview

Mission

Private Montessori based elementary school

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,183,799$5,545,731▼ $638,068
Land, Buildings, and Equipment, Net$3,189,915$3,245,968▲ $56,053
Cash and Non-Interest-Bearing Accounts$3,082,289$3,009,558▼ $72,731
Prepaid Expenses and Deferred Charges$13,692$20,427▲ $6,735
Accounts Receivable$15,295$6,000▼ $9,295
Total Assets$12,484,990$11,827,684▼ $657,306
Liabilities
Other Liabilities$322,000$322,000→ $0
Deferred Revenue$786,014$319,943▼ $466,071
Accounts Payable and Accrued Expenses$64,811$77,680▲ $12,869
Total Liabilities$1,172,825$719,623▼ $453,202
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,063,911$5,799,702▼ $264,209
Net Assets Without Donor Restrictions$5,248,254$5,308,359▲ $60,105
Total Net Assets Fund Balance$11,312,165$11,108,061▼ $204,104
Total Liabilities and Net Assets / Fund Balance$12,484,990$11,827,684▼ $657,306

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,833,705$781,311$3,615,016
Land$346,267-$346,267
Equipment$65,996$39,354$105,350

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$6,016,264$11,000▼ $64,886$150,000$5,752,055
2018$5,783,197$30,150▲ $364,316$100,000$6,016,264
2017$5,491,724$23,136▲ $479,273$150,000$5,783,197
2016$4,826,310$23,000▲ $792,720$100,000$5,491,724
2015$4,982,338$26,300▼ $35,672$100,000$4,826,310
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Helen Lynn JessenVP Secretary Admissions DirectorFT$53,006$53,006
Paula PreschlakPresident and Head of SchoolFT$51,555$51,555

Board Members and Trustees

NameTitle
Mark AhernDirector
Ned JessenDirector
Paula LillardTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$13,008
Program Service Revenue
$1,699,948
Investment Income
$304,435
Other Revenue
$0
All Other Contributions
$13,008
Change in Net Assets
$170,998
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,343,177
Other Expenses$503,216
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$854,045$174,800-$1,028,845
Other Employee Benefits$107,521$20,563-$128,084
Current Officers, Directors, Trustees, and Key Employees$104,561--$104,561
Depreciation Depletion$91,424--$91,424
Payroll Taxes$67,703$13,984-$81,687
Other Expenses$69,923--$69,923
Fees for Service Investment Mgmnt Fees-$60,323-$60,323
Occupancy$55,076--$55,076
Insurance$21,349--$21,349
All Other Expenses$17,189--$17,189
Advertising-$15,267-$15,267
Office Expenses$11,431--$11,431
Fees for Services Accounting-$9,500-$9,500
Fees for Services Legal$9,034--$9,034
Total Functional Expenses$1,551,956$294,437$0$1,846,393
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Education certificates liability$322,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

Paula Lillard, Director (mother) and Paula Preschlak, President (daughter)Paula Lillard, Director (mother) and Helen (Lynn) Jessen, Director (daughter)

Form 990 governing body review Part VI line 11

The Form 990 is presented to the board of directors for review and discussion prior to signing and filing.

Governing documents etc available to public Part VI line 19

Documents available to the public upon request

Filing and Contact Details

Filer

Filer Name
Forest Bluff School
EIN
36-3188563
Address
8 W Scranton, Lake Bluff, IL 60044

Signing Officer

Name
Paula Preschlak
Title
President and H
Phone
8472958338
Signed
2021-04-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paula Preschlak
Formed
1982
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
1
Employees
28

Preparer

Firm
Ascent Advisers LLC
Address
5543 N Lakewood Avenue, Chicago, IL 60640
Preparer
Jennifer Herman
Phone
7733010433
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt061399
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt05783197
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt030150
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt06016264
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0364316
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0100000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt060936
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt05491724
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt023136
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt05783197
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0479273
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0150000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt050306
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt04826310
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt023000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt05491724
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0792720
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0100000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt046656
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt04982338
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt026300
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt04826310
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-35672
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0100000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt065996
IRS990ScheduleD/EquipmentGrp/DepreciationAmt039354
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0105350
IRS990ScheduleD/LandGrp/BookValueAmt0346267
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0346267
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0322000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Education certificates liability
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03245968
IRS990ScheduleD/TotalLiabilityAmt0322000
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/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Policy detailed in admissions packets
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of nondiscriminatory policy (Question 3)
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Paula Lillard, Director (mother) and Paula Preschlak, President (daughter)Paula Lillard, Director (mother) and Helen (Lynn) Jessen, Director (daughter)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is presented to the board of directors for review and discussion prior to signing and filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Documents available to the public upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt012484990
IRS990/TotalAssetsEOYAmt011827684
IRS990/TotalAssetsGrp/BOYAmt012484990
IRS990/TotalAssetsGrp/EOYAmt011827684
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt013008
IRS990/TotalEmployeeCnt028
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0294437
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01551956
IRS990/TotalFunctionalExpensesGrp/TotalAmt01846393
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01172825
IRS990/TotalLiabilitiesEOYAmt0719623
IRS990/TotalLiabilitiesGrp/BOYAmt01172825
IRS990/TotalLiabilitiesGrp/EOYAmt0719623
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt011312165
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011108061
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01551956
IRS990/TotalProgramServiceRevenueAmt01699948
IRS990/TotalReportableCompFromOrgAmt0104561
IRS990/TotalRevenueGrp/ExclusionAmt0125492
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01878891
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02017391
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012484990
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011827684
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01760 Knollwood Lane
IRS990/USAddress/CityNm0Lake Forest
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060045
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0www.forestbluffschool.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Paula Preschlak
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President and H
ReturnHeader/BusinessOfficerGrp/PhoneNum08472958338
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Forest Bluff School
ReturnHeader/Filer/BusinessNameControlTxt0FORE
ReturnHeader/Filer/EIN0363188563
ReturnHeader/Filer/USAddress/AddressLine1Txt08 W Scranton
ReturnHeader/Filer/USAddress/CityNm0Lake Bluff
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060044
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0471484883
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Ascent Advisers LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05543 N Lakewood Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060640
ReturnHeader/PreparerPersonGrp/PhoneNum07733010433
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jennifer Herman
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-05-03T22:12:37-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.4$2.73$18.7$5.09$2.52$2.57
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.2$2.18$12.0$2.93$2.30$0.62
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.8$1.87$11.0$2.24$2.05$0.19
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.3$1.57$12.7$1.96$2.17$0.21
2020Detailed filing. Detailed filing data is available for this year.$11.8$0.72$11.1$2.02$1.85$0.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.5$1.17$11.3$2.05$1.89$0.16
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.2$1.28$11.0$2.04$1.82$0.21
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.7$1.10$10.6$1.85$1.69$0.16
2016Detailed filing. Detailed filing data is available for this year.$10.9$1.05$9.86$1.78$1.60$0.18
2015Detailed filing. Detailed filing data is available for this year.$11.0$1.08$9.94$1.83$1.46$0.37
2014Detailed filing. Detailed filing data is available for this year.$10.7$0.99$9.74$1.86$1.45$0.41
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.21$1.36$7.85$1.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.36$1.74$6.62$1.39