Civic Intelligence

Embers Academy

990 • Fiscal year 2020 • EIN 36-4006154

Jul 01, 2019 to Jun 30, 2020 • Filed on May 12, 2021

8340 N GreenwoodNiles, IL 60714

(847) 518-1185

Siviq Scores

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

Liabilities / Assets

46th percentile

0.08x

Higher debt load relative to assets than 46% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

32nd percentile

0.05x

Higher debt load relative to revenue than 32% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

84th percentile

35%

Higher net margin than 84% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

44th percentile

$39,598

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

$1,063,303

No earlier filing loaded for comparison.

Net Assets

$978,533

No earlier filing loaded for comparison.

Liabilities

$84,770

No earlier filing loaded for comparison.

Revenue

$1,868,363

No earlier filing loaded for comparison.

Expenses

$1,219,049

No earlier filing loaded for comparison.

Net Income

$649,314

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2020: $1,063,303Liabilities 2020: $84,770Net Assets 2020: $978,5332020Assets 2021: $1,331,927Liabilities 2021: $89,816Net Assets 2021: $1,242,1112021Assets 2022: $1,697,848Liabilities 2022: $119,752Net Assets 2022: $1,578,0962022Assets 2023: $1,857,175Liabilities 2023: $149,916Net Assets 2023: $1,707,2592023Assets 2024: $1,695,895Liabilities 2024: $19,643Net Assets 2024: $1,676,2522024

Highlighted filing

2020

Assets$1,063,303
Liabilities$84,770
Net Assets$978,533

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2020: $1,868,363Expenses 2020: $1,219,049Net Income 2020: $649,3142020Revenue 2021: $1,696,043Expenses 2021: $1,432,465Net Income 2021: $263,5782021Revenue 2022: $2,072,537Expenses 2022: $1,736,552Net Income 2022: $335,9852022Revenue 2023: $2,327,528Expenses 2023: $2,198,365Net Income 2023: $129,1632023Revenue 2024: $2,580,447Expenses 2024: $2,611,454Net Income 2024: -$31,0072024

Highlighted filing

2020

Revenue$1,868,363
Expenses$1,219,049
Net Income$649,314
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 12, 2021
Return Version
2019v5.2
Gross Receipts
$1,889,003
Mission and Program Overview

Mission

Elementary academy grades pre-k through fifth.

The embers academy is an independent school that teaches children from grades k through 5. There were approximately 150 students who attended the embers elementary school during the fiscal year ending june 30, 2019.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$321,090$787,139▲ $466,049
Cash and Non-Interest-Bearing Accounts$139,116$251,106▲ $111,990
Accounts Receivable$14,000$14,641▲ $641
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$474,206$1,063,303▲ $589,097
Other Assets Total$0$10,417▲ $10,417
Liabilities
Deferred Revenue$138,289$82,325▼ $55,964
Accounts Payable and Accrued Expenses$6,698$2,445▼ $4,253
Total Liabilities$144,987$84,770▼ $60,217
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$329,219$978,533▲ $649,314
Total Net Assets Fund Balance$329,219$978,533▲ $649,314
Total Liabilities and Net Assets / Fund Balance$474,206$1,063,303▲ $589,097

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$58,508$58,508
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lisa HanrettyHeadmasterFT$39,598$39,598

Board Members and Trustees

NameTitle
Tom CarterPresident
Jason ElderDirector
Jeanne PetrosDirector
John KlattDirector
Peter SpingolaDirector
Niall FaganSec/director

Highest Paid Contractors

ContractorServicesLocationCompensation
Our Lady Of Ransom ChurchRent8300 N GREENWOOD AVENUE, Niles, IL 60714$196,307
Revenue and Support

Revenue Composition

Contributions and Grants
$547,297
Program Service Revenue
$1,243,176
Investment Income
$5,929
Other Revenue
$71,961
All Other Contributions
$390,897
Change in Net Assets
$649,314
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$839,336
Other Expenses$379,713
Total Fundraising Expense$14,743
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$620,997$46,742-$667,739
Other Employee Benefits$66,203$7,789$3,895$77,887
All Other Expenses$59,331$1,936$215$61,482
Payroll Taxes$48,701$5,411-$54,112
Current Officers, Directors, Trustees, and Key Employees$23,759$15,839-$39,598
Insurance$19,975$2,220-$22,195
Office Expenses$13,916$1,637$818$16,371
Other Expenses$14,093$7,174$9,815$14,093
Fees for Services Other-$8,099-$8,099
Advertising$4,015--$4,015
Conferences and Meetings$2,596$289-$2,885
Fees for Services Legal-$1,293-$1,293
Total Functional Expenses$1,086,246$118,060$14,743$1,219,049
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$92,601
Fundraising Direct Expenses$20,640
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Embers Extravaganza$92,601$92,601$2,546$90,055
Total Events$92,601$92,601$20,640$71,961
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
Annual disclosure for covered persons
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 organization's board of directors is a self-perpetuating board. The board accepts resignations and appoints new board members from time to time.

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

The board of directors handles normal governance items typical of any board. The board approves policies, establishes tuition levels and hires and fires the head of the school (principal). The day to day operating decisions of the school - all of them, including hiring and firing other employees and accepting or rejecting student applicants, and disciplinary issues such as suspensions of students etc - are made by the head of school (principal) and are not made by the board.

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

The embers elementary school reviews the annual form 990 after it has been completed by the outside accountant. Those reviewing this form include the head of the school, the internal accountant and the school board. Information needed to complete the form 990 was obtained from the books and records of the school and by answers to questions received from various personnel of the school.

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

The board of directors regularly monitors and enforces the conflict of interest policy. The organization has not borrowed money or paid for services from board members.

Form 990, Part VI, Section B, Line 15

Compensation for the two top employees (the head of the school/principal and the assistant head/vice principal of the school) is determined by the board of directors after reviewing factors such as average compensation levels for employees at similar organizations (comparability data). Neither top employee are board members and they have no say whatsoever regarding their compensation. Board members are not compensated for their board services. All compensation decisions made by the board of directors are documented in minutes of the board.

Form 990, Part VI, Section C, Line 19

All governing documents, policy manuals, financial statements and copies of form 990 are made available to anyone who requests this information in addition to being reviewed and monitored by the embers elementary school board. In addition, policy manuals are given to all parents and prospective and enrolled students. This is in the form of a student handbook which is updated each year.

Filing and Contact Details

Filer

Filer Name
Embers Academy
EIN
36-4006154
Phone
8475181185
Address
8340 N GREENWOOD, NILES, IL 60714

Signing Officer

Name
Lisa Hanretty
Title
Principal
Phone
8475181185
Signed
2021-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Hanretty
Formed
1995
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
0
Employees
34
Volunteers
25

Preparer

Firm
James L Vourvoulias and Associates Ltd
Address
CERTIFIED PUBLIC ACCOUNTANTS, N AVONDALE CHICAG, IL 60631
Preparer
Nicholas J Vourvoulias
Phone
7737631250
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt058508
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IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ALL ADVERTISING BROUCHURES DISTRIBUTED BY THE SCHOOL CONTAIN THE RACIALLY NONDISCRIMINATORY POLICIES OF THE SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
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IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt02750
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt020640
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt02751
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt02751
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0EMBERS EXTRAVAGANZA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt012593
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt012593
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt092601
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt092601
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt092601
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt092601
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt071961
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt02546
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S BOARD OF DIRECTORS IS A SELF-PERPETUATING BOARD. THE BOARD ACCEPTS RESIGNATIONS AND APPOINTS NEW BOARD MEMBERS FROM TIME TO TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS HANDLES NORMAL GOVERNANCE ITEMS TYPICAL OF ANY BOARD. THE BOARD APPROVES POLICIES, ESTABLISHES TUITION LEVELS AND HIRES AND FIRES THE HEAD OF THE SCHOOL (PRINCIPAL). THE DAY TO DAY OPERATING DECISIONS OF THE SCHOOL - ALL OF THEM, INCLUDING HIRING AND FIRING OTHER EMPLOYEES AND ACCEPTING OR REJECTING STUDENT APPLICANTS, AND DISCIPLINARY ISSUES SUCH AS SUSPENSIONS OF STUDENTS ETC - ARE MADE BY THE HEAD OF SCHOOL (PRINCIPAL) AND ARE NOT MADE BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EMBERS ELEMENTARY SCHOOL REVIEWS THE ANNUAL FORM 990 AFTER IT HAS BEEN COMPLETED BY THE OUTSIDE ACCOUNTANT. THOSE REVIEWING THIS FORM INCLUDE THE HEAD OF THE SCHOOL, THE INTERNAL ACCOUNTANT AND THE SCHOOL BOARD. INFORMATION NEEDED TO COMPLETE THE FORM 990 WAS OBTAINED FROM THE BOOKS AND RECORDS OF THE SCHOOL AND BY ANSWERS TO QUESTIONS RECEIVED FROM VARIOUS PERSONNEL OF THE SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS REGULARLY MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY. THE ORGANIZATION HAS NOT BORROWED MONEY OR PAID FOR SERVICES FROM BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION FOR THE TWO TOP EMPLOYEES (THE HEAD OF THE SCHOOL/PRINCIPAL AND THE ASSISTANT HEAD/VICE PRINCIPAL OF THE SCHOOL) IS DETERMINED BY THE BOARD OF DIRECTORS AFTER REVIEWING FACTORS SUCH AS AVERAGE COMPENSATION LEVELS FOR EMPLOYEES AT SIMILAR ORGANIZATIONS (COMPARABILITY DATA). NEITHER TOP EMPLOYEE ARE BOARD MEMBERS AND THEY HAVE NO SAY WHATSOEVER REGARDING THEIR COMPENSATION. BOARD MEMBERS ARE NOT COMPENSATED FOR THEIR BOARD SERVICES. ALL COMPENSATION DECISIONS MADE BY THE BOARD OF DIRECTORS ARE DOCUMENTED IN MINUTES OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL GOVERNING DOCUMENTS, POLICY MANUALS, FINANCIAL STATEMENTS AND COPIES OF FORM 990 ARE MADE AVAILABLE TO ANYONE WHO REQUESTS THIS INFORMATION IN ADDITION TO BEING REVIEWED AND MONITORED BY THE EMBERS ELEMENTARY SCHOOL BOARD. IN ADDITION, POLICY MANUALS ARE GIVEN TO ALL PARENTS AND PROSPECTIVE AND ENROLLED STUDENTS. THIS IS IN THE FORM OF A STUDENT HANDBOOK WHICH IS UPDATED EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalEmployeeCnt034
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt014743
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0118060
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01086246
IRS990/TotalFunctionalExpensesGrp/TotalAmt01219049
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt084770
IRS990/TotalLiabilitiesGrp/BOYAmt0144987
IRS990/TotalLiabilitiesGrp/EOYAmt084770
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0978533
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01086246
IRS990/TotalProgramServiceRevenueAmt01243176
IRS990/TotalReportableCompFromOrgAmt039598
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01249105
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01868363
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt025
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IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0704 W GROVE ST
IRS990/USAddress/CityNm0ARLINGTON HEIGHTS
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060005
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0HTTPS://EMBERSACADEMY.ORG/
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LISA HANRETTY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRINCIPAL
ReturnHeader/BusinessOfficerGrp/PhoneNum08475181185
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-12
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ReturnHeader/Filer/PhoneNum08475181185
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ReturnHeader/Filer/USAddress/CityNm0NILES
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