Civic Intelligence

Embers Academy

990 • Fiscal year 2021 • EIN 36-4006154

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 08, 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

50th percentile

0.07x

Higher debt load relative to assets than 50% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

41st percentile

0.05x

Higher debt load relative to revenue than 41% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

55th percentile

16%

Higher net margin than 55% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

46th percentile

$44,384

Higher top officer pay than 46% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

73rd percentile

25%

Faster asset growth than 73% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

21st percentile

-9.2%

Faster revenue growth than 21% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,331,927

Up $268,624 (+25%) from 2020

Net Assets

Up

$1,242,111

Up $263,578 (+27%) from 2020

Liabilities

Up

$89,816

Up $5,046 (+6.0%) from 2020

Revenue

Down

$1,696,043

Down $172,320 (-9.2%) from 2020

Expenses

Up

$1,432,465

Up $213,416 (+18%) from 2020

Net Income

Down

$263,578

Down $385,736 (-59%) from 2020

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

2021

Assets$1,331,927
Liabilities$89,816
Net Assets$1,242,111

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

2021

Revenue$1,696,043
Expenses$1,432,465
Net Income$263,578
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 8, 2021
Return Version
2020v4.1
Gross Receipts
$1,696,043
Mission and Program Overview

Mission

Elementary academy grades pre-k through fifth.

The embers academy is an independent school that teaches children from grades pre-k through 5. There were approximately 180 students who attended the embers academy during the fiscal year ending june 30, 2021.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$787,139$923,814▲ $136,675
Cash and Non-Interest-Bearing Accounts$251,106$382,272▲ $131,166
Accounts Receivable$14,641$15,424▲ $783
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$1,063,303$1,331,927▲ $268,624
Other Assets Total$10,417$10,417→ $0
Liabilities
Deferred Revenue$82,325$88,500▲ $6,175
Accounts Payable and Accrued Expenses$2,445$1,316▼ $1,129
Total Liabilities$84,770$89,816▲ $5,046
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$978,533$1,242,111▲ $263,578
Total Net Assets Fund Balance$978,533$1,242,111▲ $263,578
Total Liabilities and Net Assets / Fund Balance$1,063,303$1,331,927▲ $268,624

Asset Categories

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

Employees

NameTitleFull / Part TimeBaseTotal
Lisa HanrettyHeadmasterFT$44,384$44,384

Board Members and Trustees

NameTitle
Tom CarterPresident/secretary
James PaschallDirector
Jason ElderDirector
Josh WilliamsDirector
Sam CarterDirector
Peter SpingolaSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Our Lady Of Ransom ChurchRent8300 N GREENWOOD AVENUE, Niles, IL 60714$211,453
Revenue and Support

Revenue Composition

Contributions and Grants
$550,330
Program Service Revenue
$1,144,039
Investment Income
$1,674
Other Revenue
$0
All Other Contributions
$372,808
Change in Net Assets
$263,578
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$988,020
Other Expenses$444,445
Total Fundraising Expense$17,382
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$713,635$53,715-$767,350
Other Employee Benefits$95,813$11,272$5,636$112,721
All Other Expenses$62,197$1,495$164$63,856
Payroll Taxes$57,208$6,357-$63,565
Current Officers, Directors, Trustees, and Key Employees$26,630$17,754-$44,384
Insurance$20,332$2,259-$22,591
Office Expenses$17,141$2,017$1,009$20,167
Fees for Services Other-$19,932-$19,932
Other Expenses$14,079$1,564$10,573$15,643
Fees for Services Legal-$5,589-$5,589
Advertising$2,611--$2,611
Conferences and Meetings$2,273$253-$2,526
Fees for Services Accounting-$2,500-$2,500
Total Functional Expenses$1,256,931$158,152$17,382$1,432,465
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
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 academy 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 academy 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
2021-11-08
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
37
Volunteers
4

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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IRS990ScheduleD/EquipmentGrp/DepreciationAmt058508
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt058508
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
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
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 ACADEMY 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 ACADEMY 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/TerminateOperationsInd00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt01432465
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IRS990/TotalLiabilitiesEOYAmt089816
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IRS990/TotalLiabilitiesGrp/EOYAmt089816
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01242111
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IRS990/TotalProgramServiceRevenueAmt01144039
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IRS990/USAddress/AddressLine1Txt08340 N GREENWOOD
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IRS990/WebsiteAddressTxt0HTTPS://EMBERSACADEMY.ORG/
IRS990/WhistleblowerPolicyInd01
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LISA HANRETTY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRINCIPAL
ReturnHeader/BusinessOfficerGrp/PhoneNum08475181185
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EMBERS ACADEMY
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JAMES L VOURVOULIAS AND ASSOCIATES LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0CERTIFIED PUBLIC ACCOUNTANTS
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ReturnHeader/PreparerPersonGrp/PhoneNum07737631250
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NICHOLAS J VOURVOULIAS
ReturnHeader/ReturnTs02021-11-10T17:10:39-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LISA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HANRETTY

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