Civic Intelligence

Montessori Private Academy Inc.

990 • Fiscal year 2015 • EIN 36-3308426

Jun 01, 2014 to May 31, 2015 • Filed on Jan 15, 2016

Organization ProfileWWW.MONTESSORIPRIVATEACADEMY.COM

View Organization Page

8101 Sayer RoadRockford, IL 61108

(815) 332-8101

Siviq Scores

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

Liabilities / Assets

85th percentile

0.72x

Higher debt load relative to assets than 85% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

87th percentile

1.43x

Higher debt load relative to revenue than 87% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

68th percentile

10%

Higher net margin than 68% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

67th percentile

$94,800

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 7.8% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

35th percentile

-2.3%

Faster asset growth than 35% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

68th percentile

12%

Faster revenue growth than 68% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$2,432,524

Down $56,896 (-2.3%) from 2014

Net Assets

Up

$692,824

Up $126,249 (+22%) from 2014

Liabilities

Down

$1,739,700

Down $183,145 (-9.5%) from 2014

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin68th percentile

Revenue

Up

$1,217,161

Up $132,448 (+12%) from 2014

Expenses

Up

$1,090,912

Up $69,582 (+6.8%) from 2014

Net Income

Up

$126,249

Up $62,866 (+99%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2013: $2,490,536Liabilities 2013: $1,987,344Net Assets 2013: $503,1922013Assets 2014: $2,489,420Liabilities 2014: $1,922,845Net Assets 2014: $566,5752014Assets 2015: $2,432,524Liabilities 2015: $1,739,700Net Assets 2015: $692,8242015Assets 2016: $2,448,194Liabilities 2016: $1,606,504Net Assets 2016: $841,6902016Assets 2017: $2,598,769Liabilities 2017: $1,605,344Net Assets 2017: $993,4252017Assets 2018: $2,588,623Liabilities 2018: $1,515,903Net Assets 2018: $1,072,7202018Assets 2019: $2,585,330Liabilities 2019: $1,404,746Net Assets 2019: $1,180,5842019Assets 2020: $2,978,999Liabilities 2020: $1,779,186Net Assets 2020: $1,199,8132020Assets 2021: $3,317,527Liabilities 2021: $1,963,568Net Assets 2021: $1,353,9592021Assets 2022: $3,361,335Liabilities 2022: $1,752,673Net Assets 2022: $1,608,6622022Assets 2023: $3,013,644Liabilities 2023: $1,550,583Net Assets 2023: $1,463,0612023Assets 2024: $2,814,486Liabilities 2024: $1,590,914Net Assets 2024: $1,223,5722024Assets 2025: $2,481,201Liabilities 2025: $1,381,711Net Assets 2025: $1,099,4902025

Highlighted filing

2015

Assets$2,432,524
Liabilities$1,739,700
Net Assets$692,824
Open 2015 Filing

Operations Trend

Revenue Growth68th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2013: $999,6472013Revenue 2014: $1,084,713Expenses 2014: $1,021,330Net Income 2014: $63,3832014Revenue 2015: $1,217,161Expenses 2015: $1,090,912Net Income 2015: $126,2492015Revenue 2016: $1,291,390Expenses 2016: $1,142,524Net Income 2016: $148,8662016Revenue 2017: $1,400,489Expenses 2017: $1,248,754Net Income 2017: $151,7352017Revenue 2018: $1,380,748Expenses 2018: $1,301,453Net Income 2018: $79,2952018Revenue 2019: $1,411,441Expenses 2019: $1,303,577Net Income 2019: $107,8642019Revenue 2020: $1,337,002Expenses 2020: $1,194,300Net Income 2020: $142,7022020Revenue 2021: $1,262,181Expenses 2021: $1,108,035Net Income 2021: $154,1462021Revenue 2022: $1,546,319Expenses 2022: $1,291,616Net Income 2022: $254,7032022Revenue 2023: $1,192,868Expenses 2023: $1,338,469Net Income 2023: -$145,6012023Revenue 2024: $1,145,141Expenses 2024: $1,384,630Net Income 2024: -$239,4892024Revenue 2025: $1,057,419Expenses 2025: $1,181,501Net Income 2025: -$124,0822025

Highlighted filing

2015

Revenue$1,217,161
Expenses$1,090,912
Net Income$126,249
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2014 to May 31, 2015
Signed
Jan 15, 2016
Return Version
2014v6.0
Gross Receipts
$1,225,797
Mission and Program Overview

Mission

Montessori education for 3

Montessori education for 2 through 15 year old children(preschool through ninth grade)

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,166,179$2,163,016▼ $3,163
Cash and Non-Interest-Bearing Accounts$300,981$225,255▼ $75,726
Accounts Receivable$19,955$28,832▲ $8,877
Prepaid Expenses and Deferred Charges$2,305$15,421▲ $13,116
Total Assets$2,489,420$2,432,524▼ $56,896
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,833,717$1,633,047▼ $200,670
Deferred Revenue$84,873$97,591▲ $12,718
Accounts Payable and Accrued Expenses$4,255$9,062▲ $4,807
Total Liabilities$1,922,845$1,739,700▼ $183,145
Net Assets / Fund Balance
Unrestricted Net Assets$566,575$692,824▲ $126,249
Total Net Assets Fund Balance$566,575$692,824▲ $126,249
Total Liabilities and Net Assets / Fund Balance$2,489,420$2,432,524▼ $56,896

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,590,795$280,213$1,871,008
Land$468,824-$468,824
Equipment$103,397$55,173$158,570
Compensation and Service Providers
Top Officer Pay67th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jeffrey KatzExecutive DiFT$94,800$94,800

Board Members and Trustees

NameTitle
Melissa BarbeePresident
Aileen MarshDirector
Joseph DechateletsDirector
Ken PostleDirector
Kim OlsenDirector
Lori MarshallDirector
Marci AlonzoDirector
Melissa MurphyDirector
Sharon RhodesSecretary
Jeff FahrenwaldTreasurer
David CasalenaVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,189,937
Investment Income
$380
Other Revenue
$26,844
Change in Net Assets
$126,249

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,196,161
Revenue Not Reported on Financial Statements
$21,000
Revenue Not Reported on Form 990
$8,636
Other Revenue Adjustments
$21,000
Total Revenue per Audited Statements
$1,204,797
Total Revenue per Form 990
$1,217,161
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$690,679
Other Expenses$379,233
Grants and Similar Amounts Paid$21,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$452,266$77,484-$529,750
Current Officers, Directors, Trustees, and Key Employees-$94,800-$94,800
Interest-$79,487-$79,487
Payroll Taxes$47,613$18,516-$66,129
Depreciation Depletion$59,266--$59,266
Occupancy$47,824$5,310-$53,134
Advertising$20,305$1,069-$21,374
Grants to Domestic Individuals$21,000--$21,000
Office Expenses-$19,462-$19,462
All Other Expenses$15,233$2,803-$18,036
Insurance$10,389$2,597-$12,986
Other Expenses$12,292$1,063-$12,292
Fees for Services Accounting$3,250$6,036-$9,286
Total Functional Expenses$782,285$308,627$0$1,090,912

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,090,912
Total Expenses per Audited Statements$1,078,548
Expenses per Audited Statements$1,069,912
Expenses Not Reported on Financial Statements$21,000
Other Expense Adjustments$21,000
Expenses Not Reported on Form 990$8,636
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$35,480
Fundraising Direct Expenses$8,636
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Fund$15,699$15,699-$15,699
Gala$11,180$11,180$4,437$6,743
Total Events$33,688$33,688$8,636$25,052
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The executive committee reviews the form 990 and the treasurer of the board does the final approval of the form 990. The board is provided a copy of the form 990 before it is signed and filed by the treasurer.”

Form 990, Page 6, Part VI, Line 15A

“The executive committee is made up of board members. They oversee the review process of executive director. The board of directors make the final approval.”

Form 990, Page 6, Part VI, Line 15B

“The executive committee is made up of board members. They oversee the review process of executive director. The board of directors make the final approval.”

Form 990, Page 6, Part VI, Line 19

“The school makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Montessori Private Academy Inc
EIN
36-3308426
Phone
8153328101
Address
8101 SAYER ROAD, ROCKFORD, IL 61108

Signing Officer

Name
Jeffrey Katz
Title
Executive Director
Phone
8153328101
Signed
2016-01-15

Organization Details

Principal Officer
Jeffrey Katz
Formed
1983
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
27
Volunteers
20

Preparer

Firm
Beggin Tipp Lamm LLC
Address
524 W STEPHENSON ST STE 200, FREEPORT, IL 61032
Preparer
Lucas a Beggin
Phone
8152359610
Supplemental Narrative

Additional Explanations

Form 990, Page 12, Part XII, Line 2C

“The board of directors oversees the selection of the auditor and approval of the audited financial statements”

Financial Statement Notes

Schedule D, Page 3, Part X

“The academy follows the recognition requirements for uncertain income tax positions as required by genarally accepted accounting principles. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. The academy has analyzed tax positions taken for filing with the internal revenue service and all state jusrisdictions where it operates. The academy believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the academy's financial position, results of operations or cash flows. Accordingly, the academy has not recorded any reserves or related accruals for interest and penalties for uncertain income tax positions at may 31, 2015.”

Schedule D, Page 4, Part XI, Line 2D

“Fundraiser expense netted against gross income 8,636”

Schedule D, Page 4, Part XI, Line 4B

“Scholarship netted against tuition revenue 21,000”

Schedule D, Page 4, Part XII, Line 2D

“Fundraiser expense netted against gross income 8,636”

Schedule D, Page 4, Part XII, Line 4B

“To gross up scholarship expenses 21,000”

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IRS990/MissionDesc0MONTESSORI EDUCATION FOR 2 THROUGH 15 YEAR OLD CHILDREN(PRESCHOOL THROUGH NINTH GRADE)
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01833717
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01633047
IRS990/NetAssetsOrFundBalancesBOYAmt0566575
IRS990/NetAssetsOrFundBalancesEOYAmt0692824
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt026844
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt026844
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt05310
IRS990/OccupancyGrp/ProgramServicesAmt047824
IRS990/OccupancyGrp/TotalAmt053134
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt019462
IRS990/OfficeExpensesGrp/TotalAmt019462
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0STUDENT ENRICHMENT
IRS990/OtherExpensesGrp/Desc1HOME/SCHOOL EXPENSES
IRS990/OtherExpensesGrp/Desc2CLASSROOM MATERIALS
IRS990/OtherExpensesGrp/Desc3SUMMER CAMP EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01063
IRS990/OtherExpensesGrp/ProgramServicesAmt041641
IRS990/OtherExpensesGrp/ProgramServicesAmt131021
IRS990/OtherExpensesGrp/ProgramServicesAmt220185
IRS990/OtherExpensesGrp/ProgramServicesAmt312292
IRS990/OtherExpensesGrp/TotalAmt041641
IRS990/OtherExpensesGrp/TotalAmt131021
IRS990/OtherExpensesGrp/TotalAmt221248
IRS990/OtherExpensesGrp/TotalAmt312292
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt018516
IRS990/PayrollTaxesGrp/ProgramServicesAmt047613
IRS990/PayrollTaxesGrp/TotalAmt066129
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02305
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015421
IRS990/PrincipalOfficerNm0JEFFREY KATZ
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/BusinessCd3611600
IRS990/ProgramServiceRevenueGrp/BusinessCd4611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1EXTENDED CARE
IRS990/ProgramServiceRevenueGrp/Desc2STUDENT FEES
IRS990/ProgramServiceRevenueGrp/Desc3HOME.SCHOOL EVENTS
IRS990/ProgramServiceRevenueGrp/Desc4SUMMER CAMP
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01024903
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt152487
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt251988
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt343351
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt417208
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01024903
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt152487
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt251988
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt343351
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt417208
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ACADEMY OFFERS ON SITE BEFORE AND AFTER SCHOOL CARE SUPERVISED BY ACADEMY STAFF DURING THE SCHOOL YEAR.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt047494
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt052487
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt017900
IRS990/PYInvestmentIncomeAmt01
IRS990/PYOtherExpensesAmt0331568
IRS990/PYOtherRevenueAmt024123
IRS990/PYProgramServiceRevenueAmt01060589
IRS990/PYRevenuesLessExpensesAmt063383
IRS990/PYSalariesCompEmpBnftPaidAmt0671862
IRS990/PYTotalExpensesAmt01021330
IRS990/PYTotalRevenueAmt01084713
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0126249
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01173310
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01590795
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0280213
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01871008
IRS990ScheduleD/EquipmentGrp/BookValueAmt0103397
IRS990ScheduleD/EquipmentGrp/DepreciationAmt055173
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0158570
IRS990ScheduleD/ExpensesNotReportedAmt08636
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt021000
IRS990ScheduleD/ExpensesSubtotalAmt01069912
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0468824
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0468824
IRS990ScheduleD/OtherExpensesIncludedAmt08636
IRS990ScheduleD/OtherExpensesNotIncludedAmt021000
IRS990ScheduleD/OtherRevenueAmt08636
IRS990ScheduleD/OtherRevenuesNotIncludedAmt021000
IRS990ScheduleD/RevenueNotReportedAmt08636
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt021000
IRS990ScheduleD/RevenueSubtotalAmt01196161
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY FOLLOWS THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS AS REQUIRED BY GENARALLY ACCEPTED ACCOUNTING PRINCIPLES. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE ACADEMY HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JUSRISDICTIONS WHERE IT OPERATES. THE ACADEMY BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE ACADEMY'S FINANCIAL POSITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE ACADEMY HAS NOT RECORDED ANY RESERVES OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT MAY 31, 2015.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISER EXPENSE NETTED AGAINST GROSS INCOME 8,636
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SCHOLARSHIP NETTED AGAINST TUITION REVENUE 21,000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3FUNDRAISER EXPENSE NETTED AGAINST GROSS INCOME 8,636
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4TO GROSS UP SCHOLARSHIP EXPENSES 21,000
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02163016
IRS990ScheduleD/TotalExpensesPerForm990Amt01090912
IRS990ScheduleD/TotalRevenuePerForm990Amt01217161
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01204797
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01078548
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/MaintainRacialCompRecsInd0false
IRS990ScheduleE/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ALL MATERIAL INCLUDES THE STATEMENT "DOES NOT DISCRIMINATE BASED ON RACE, RELIGION, SEX OR NATIONAL ORIGIN."
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1NOT MANDATED BY ANY REGULATION, SMALL NUMBER OF STUDENTS. ALL SCHOLARSHIP REQUESTS WERE EVALUATED ON A BLIND BASIS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 4
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt08636
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL FUND
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt015699
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt011180
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt06809
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt033688
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt015699
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt011180
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt06809
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt033688
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt025052
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt04199
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt08636
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt04437
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt021000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TUITION WAIVER
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt016
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0RECIPIENTS OF FINANCIAL ASSISTANCE (TUITION WAIVERS) ARE EVALUATED BASED UPON FINANCIAL NEED ON A BLIND BASIS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE COMMITTEE REVIEWS THE FORM 990 AND THE TREASURER OF THE BOARD DOES THE FINAL APPROVAL OF THE FORM 990. THE BOARD IS PROVIDED A COPY OF THE FORM 990 BEFORE IT IS SIGNED AND FILED BY THE TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE COMMITTEE IS MADE UP OF BOARD MEMBERS. THEY OVERSEE THE REVIEW PROCESS OF EXECUTIVE DIRECTOR. THE BOARD OF DIRECTORS MAKE THE FINAL APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE COMMITTEE IS MADE UP OF BOARD MEMBERS. THEY OVERSEE THE REVIEW PROCESS OF EXECUTIVE DIRECTOR. THE BOARD OF DIRECTORS MAKE THE FINAL APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SCHOOL MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS OVERSEES THE SELECTION OF THE AUDITOR AND APPROVAL OF THE AUDITED FINANCIAL STATEMENTS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 12, PART XII, LINE 2C
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,432,524
Liabilities
$1,739,700
Net assets
$692,824
Revenue
$1,217,161
Expenses
$1,090,912
Net income
$126,249
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.48$1.38$1.10$1.06$1.18$0.12
2024Detailed filing. Detailed filing data is available for this year.$2.81$1.59$1.22$1.15$1.38$0.24
2023Detailed filing. Detailed filing data is available for this year.$3.01$1.55$1.46$1.19$1.34$0.15
2022Detailed filing. Detailed filing data is available for this year.$3.36$1.75$1.61$1.55$1.29$0.25
2021Detailed filing. Detailed filing data is available for this year.$3.32$1.96$1.35$1.26$1.11$0.15
2020Detailed filing. Detailed filing data is available for this year.$2.98$1.78$1.20$1.34$1.19$0.14
2019Detailed filing. Detailed filing data is available for this year.$2.59$1.40$1.18$1.41$1.30$0.11
2018Detailed filing. Detailed filing data is available for this year.$2.59$1.52$1.07$1.38$1.30$0.08
2017Detailed filing. Detailed filing data is available for this year.$2.60$1.61$0.99$1.40$1.25$0.15
2016Detailed filing. Detailed filing data is available for this year.$2.45$1.61$0.84$1.29$1.14$0.15
2015Detailed filing. Detailed filing data is available for this year.$2.43$1.74$0.69$1.22$1.09$0.13
2014Detailed filing. Detailed filing data is available for this year.$2.49$1.92$0.57$1.08$1.02$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.49$1.99$0.50$1.00