Civic Intelligence

Glenwood West

EIN 36-4062738 • 501(c)3 • Glenwood, IL

Profile

Glenwood school nurtures and educates at risk children by inspiring excellence, building character, and strengthening community.

500 W 187th StreetGlenwood, IL 60425

www.glenwoodacademy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2019

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2019

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2019

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2018 to 2019

Revenue Growth

3rd percentile

-100%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Flat

$0

Flat from 2018

Liabilities

Down

$0

Down $1,334,662 (-100%) from 2018

Net Assets

Up

$0

Up $1,334,662 (+100%) from 2018

Revenue

Down

$0

Down $95,000 (-100%) from 2018

Expenses

Down

$339,534

Down $81,126 (-19%) from 2018

Net Income

Down

-$339,534

Down $13,874 (-4.3%) from 2018

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2011: $58,626Liabilities 2011: $459,446Net Assets 2011: -$400,8202011Assets 2012: $8,967Liabilities 2012: $514,822Net Assets 2012: -$505,8552012Assets 2013: $30Liabilities 2013: $467,570Net Assets 2013: -$467,5402013Assets 2014: $24,886Liabilities 2014: $504,975Net Assets 2014: -$480,0892014Assets 2015: $0Liabilities 2015: $535,864Net Assets 2015: -$535,8642015Assets 2016: $2,043Liabilities 2016: $789,435Net Assets 2016: -$787,3922016Assets 2017: $0Liabilities 2017: $1,009,002Net Assets 2017: -$1,009,0022017Assets 2018: $0Liabilities 2018: $1,334,662Net Assets 2018: -$1,334,6622018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2019

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $2,107,1952011Expenses 2012: $944,6602012Expenses 2013: $432,7042013Revenue 2014: $517,548Expenses 2014: $530,097Net Income 2014: -$12,5492014Revenue 2015: $441,368Expenses 2015: $497,143Net Income 2015: -$55,7752015Revenue 2016: $100,075Expenses 2016: $351,603Net Income 2016: -$251,5282016Revenue 2017: $110,000Expenses 2017: $331,610Net Income 2017: -$221,6102017Revenue 2018: $95,000Expenses 2018: $420,660Net Income 2018: -$325,6602018Revenue 2019: $0Expenses 2019: $339,534Net Income 2019: -$339,5342019

Highlighted filing

2019

Revenue$0
Expenses$339,534
Net Income-$339,534

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2018 to Aug 31, 2019
Signed
Jun 30, 2020
Return Version
2018v3.2
Gross Receipts
$0
Mission and Program Overview

Mission

Glenwood school nurtures and educates at risk children by inspiring excellence, building character, and strengthening community.

A residential, educational program serving low-income children

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Other Assets Total$0$0→ $0
Total Assets$0$0→ $0
Liabilities
Other Liabilities$1,334,662$0▼ $1,334,662
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,334,662$0▼ $1,334,662
Net Assets / Fund Balance
Unrestricted Net Assets$-1,334,662$0▲ $1,334,662
Total Net Assets Fund Balance$-1,334,662$0▲ $1,334,662
Total Liabilities and Net Assets / Fund Balance$0$0→ $0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Norman H WesleyChairman
Mary HolliePresident & CEO
Boris ElismanVice Chairman
Harry HostetlerVice Chairman
Mark T WightVice Chairman
Pamela D LawlorVice Chairman
Patrick FlinnVice Chairman
S Biff BomanVice Chairman
Alan D DuffBoard Member
Anthony Di TommasoBoard Member
Blanche E HillBoard Member
Charles S WallsBoard Member
Christopher C McmahonBoard Member
Craig SternBoard Member
Helmut MlakarBoard Member
Jan ThrallBoard Member
Julie BadelBoard Member
Kevin CahoonBoard Member
Matthew S DarnallBoard Member
Michael T LyonBoard Member
Neal KitchellBoard Member
Perry R PeroBoard Member
Robert J DarnallBoard Member
Stephanie J HickamnBoard Member
Kurt a GabouerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-339,534
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$284,367
Salaries, Compensation, and Employee Benefits$55,167
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$107,306--$107,306
Other Salaries and Wages$47,318--$47,318
Insurance$38,300--$38,300
Other Employee Benefits$4,304--$4,304
Payroll Taxes$3,545--$3,545
Other Expenses$3,183--$3,183
Office Expenses$11--$11
Total Functional Expenses$339,534$0$0$339,534
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Governing body reviews the form 990 before it has been filed.

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

The organization's bylaws contain provisions regarding the conflict of interest policy. The bylaws are reviewed regularly by the board and any changes are approved.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Glenwood West
EIN
36-4062738
Phone
7087565430
Address
500 W 187TH STREET, GLENWOOD, IL 60425

Signing Officer

Name
Mary Hollie
Title
President
Phone
7087565430
Signed
2020-06-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Hollie
Formed
1994
Legal Domicile
Il
Voting Board Members
24
Independent Board Members
23
Employees
0
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
1301 WEST 22ND STREET SUITE 1100, OAK BROOK, IL 60523
Preparer
James R Thomas
Phone
6305738600
Supplemental Narrative

Additional Explanations

Form 990, Part X

During fiscal year 2018, glenwood west activity was not separated out on the consolidated audited financial statements of glenwood academy. Glenwood west still exists as an entity. Income and expenses were reported for purposes of this tax return. All cash transactions including revenue and expenses are managed by the parent glenwood academy (glenwood academy - ein 36-2167087).

FORM 990, PART XI, LINE 9:

Release of due to related party (glenwood academy) upon dissolution. 1,674,196.

Financial Statement Notes

PART X, LINE 2:

Glenwood is exempt from federal income taxes under internal revenue code section 501(c)(3). Accordingly, no provision for income taxes is reflected in the consolidated financial statements. Glenwood recognizes the financial statement impact of a tax position when it is more likely than not that the position will be sustained upon examination. Glenwood has no ongoing federal or state income tax examinations. Glenwood is no longer subject to federal or state income tax audits before its year ended august 31, 2016.

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