Civic Intelligence

Glenwood South

990 • Fiscal year 2017 • EIN 36-4063075

Sep 01, 2016 to Aug 31, 2017 • Filed on Jul 15, 2018

Organization ProfileWWW.GLENWOODACADEMY.ORG
500 W 187th StGlenwood, IL 60425

(708) 754-0175

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2017

Liabilities / Revenue

100th percentile

32.26x

Higher debt load relative to revenue than 100% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

1st percentile

-1101%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

100th percentile

$404,812

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 113.5% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

26th percentile

-16%

Faster revenue growth than 26% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $212,672 (-100%) from 2016

Net Assets

Down

-$11,503,761

Down $3,926,890 (-52%) from 2016

Liabilities

Up

$11,503,761

Up $3,714,218 (+48%) from 2016

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Down

$356,646

Down $70,443 (-16%) from 2016

Expenses

Up

$4,283,536

Up $18,843 (+0.4%) from 2016

Net Income

Down

-$3,926,890

Down $89,286 (-2.3%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$40M$20M$0-$20M-$40MAssets 2011: $105,802Liabilities 2011: $2,082,362Net Assets 2011: -$1,976,5602011Assets 2012: $109,517Liabilities 2012: $2,922,901Net Assets 2012: -$2,813,3842012Assets 2013: $74,561Liabilities 2013: $2,288,625Net Assets 2013: -$2,214,0642013Assets 2014: $93,558Liabilities 2014: $3,456,405Net Assets 2014: -$3,362,8472014Assets 2015: $137,276Liabilities 2015: $3,876,543Net Assets 2015: -$3,739,2672015Assets 2016: $212,672Liabilities 2016: $7,789,543Net Assets 2016: -$7,576,8712016Assets 2017: $0Liabilities 2017: $11,503,761Net Assets 2017: -$11,503,7612017Assets 2018: $0Liabilities 2018: $15,090,029Net Assets 2018: -$15,090,0292018Assets 2019: $0Liabilities 2019: $19,229,103Net Assets 2019: -$19,229,1032019Assets 2020: $0Liabilities 2020: $23,253,358Net Assets 2020: -$23,253,3582020Assets 2021: $0Liabilities 2021: $26,617,311Net Assets 2021: -$26,617,3112021Assets 2022: $0Liabilities 2022: $30,500,749Net Assets 2022: -$30,500,7492022Assets 2023: $0Liabilities 2023: $34,937,423Net Assets 2023: -$34,937,4232023Assets 2024: $0Liabilities 2024: $39,274,087Net Assets 2024: -$39,274,0872024

Highlighted filing

2017

Assets$0
Liabilities$11,503,761
Net Assets-$11,503,761
Open 2017 Filing

Operations Trend

Revenue Growth26th percentile

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

$10M$5.0M$0-$5.0MExpenses 2011: $4,988,9292011Expenses 2012: $5,930,5502012Expenses 2013: $4,527,5162013Revenue 2014: $4,289,412Expenses 2014: $5,438,195Net Income 2014: -$1,148,7832014Revenue 2015: $5,884,582Expenses 2015: $6,261,002Net Income 2015: -$376,4202015Revenue 2016: $427,089Expenses 2016: $4,264,693Net Income 2016: -$3,837,6042016Revenue 2017: $356,646Expenses 2017: $4,283,536Net Income 2017: -$3,926,8902017Revenue 2018: $985,162Expenses 2018: $4,571,430Net Income 2018: -$3,586,2682018Revenue 2019: $818,596Expenses 2019: $4,957,670Net Income 2019: -$4,139,0742019Revenue 2020: $732,722Expenses 2020: $4,756,977Net Income 2020: -$4,024,2552020Revenue 2021: $629,956Expenses 2021: $3,993,910Net Income 2021: -$3,363,9542021Revenue 2022: $745,135Expenses 2022: $4,628,573Net Income 2022: -$3,883,4382022Revenue 2023: $806,956Expenses 2023: $5,243,630Net Income 2023: -$4,436,6742023Revenue 2024: $1,329,457Expenses 2024: $5,666,121Net Income 2024: -$4,336,6642024

Highlighted filing

2017

Revenue$356,646
Expenses$4,283,536
Net Income-$3,926,890
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Jul 15, 2018
Return Version
2016v3.1
Gross Receipts
$356,646
Mission and Program Overview

Mission

To provide a high quality education/residential program for students from lower income and single-parent families who seek an alternative to home and community situations which impede oppurtunities to acheive their potential

A residential educational program serving low-income children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges$153,067$0▼ $153,067
Cash and Non-Interest-Bearing Accounts$40,360$0▼ $40,360
Accounts Receivable$19,245$0▼ $19,245
Savings and Temporary Cash Investments$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
Total Assets$212,672$0▼ $212,672
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$7,566,376$11,503,761▲ $3,937,385
Accounts Payable and Accrued Expenses$223,167$0▼ $223,167
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$7,789,543$11,503,761▲ $3,714,218
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-7,576,871$-11,503,761▼ $3,926,890
Total Net Assets Fund Balance$-7,576,871$-11,503,761▼ $3,926,890
Total Liabilities and Net Assets / Fund Balance$212,672$0▼ $212,672
Compensation and Service Providers
Top Officer Pay100th percentile

Board Members and Trustees

NameTitle
Louis J Weber IiiChairman
Mary HolliePresident & CEO
Pamela D LawlorVice Chairman
David BrostBoard Member
David DuncanBoard Member
Glen HortonBoard Member
Kevin CahoonBoard Member
Michael KrokidasBoard Member
Neal KitchellBoard Member
Randal DawsonBoard Member
Richard J LawlorBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$82,010
Program Service Revenue
$109,865
Investment Income
$164,771
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$-3,926,890
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,192,404
Other Expenses$2,091,132
Total Fundraising Expense$307,025
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,545,855$393,346$154,601$2,093,802
Other Expenses$453,674$47,478$26,376$527,528
Depreciation Depletion$262,098$27,429$15,238$304,765
All Other Expenses$303,390$218$464$304,072
Fees for Services Legal$32,137$102,001$1,868$136,006
Occupancy$97,646$9,409$4,720$111,775
Payroll Taxes$52,555$38,738$7,309$98,602
Insurance$81,116$8,489$4,716$94,321
Office Expenses$66,498$9,926$5,686$82,110
Conferences and Meetings$17,719$5,503$293$23,515
Total Functional Expenses$3,235,911$740,600$307,025$4,283,536
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Glenwood Academy$11,503,761
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 A, Line 2

“Pam lawlor, officer and vice chairman of the board, is married to rick lawlor, board member.”

Form 990, Part VI, Section B, Line 11

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

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

“The bylaws contains provisions for 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 South
EIN
36-4063075
In Care Of
% ABIGAIL CANO
Phone
7087540175
Address
500 W 187TH ST, Glenwood, IL 60425

Signing Officer

Name
Mary Hollie
Title
President and CEO
Phone
7087540175
Signed
2018-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Hollie
Formed
1994
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
Bkd Llp
Address
1901 S Meyers Road Suite 500, Oakbrook Terrace, IL 60181-5209
Preparer
Rebekuh Eley
Phone
6302829500
Supplemental Narrative

Additional Explanations

Form 990, Part X

“DURING FISCAL YEAR 2017, GLENWOOD SOUTH ACTIVITY WAS NOT SEPARATED OUT ON THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF GLENWOOD ACADEMY. GLENWOOD SOUTH STILL EXISTS AS AN ENTITY. INCOME AND EXPENSES WERE REPORTED FOR PURPOSES OF THIS TAX RETURN. While Glenwood South is operating as a school, all cash transactions including revenue and expenses are managed by the parent Glenwood Academy. (GLENWOOD ACADEMY - EIN 36-2167087)”

Financial Statement Notes

Schedule D, 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 ending august 31, 2014.”

Raw XML AppendixShowing 400 of 585 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO
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IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
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IRS990/InsuranceGrp/ManagementAndGeneralAmt08489
IRS990/InsuranceGrp/ProgramServicesAmt081116
IRS990/InsuranceGrp/TotalAmt094321
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IRS990/InterestGrp/TotalAmt00
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IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt059053
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IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE A HIGH QUALITY EDUCATION/RESIDENTIAL PROGRAM FOR STUDENTS FROM LOWER INCOME AND SINGLE-PARENT FAMILIES WHO SEEK A POSITIVE ALTERNATIVE TO HOME AND COMMUNITY SITUATIONS WHICH IMPEDE OPPORTUNITIES TO ACHIEVE THEIR POTENTIAL.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0-7576871
IRS990/NetAssetsOrFundBalancesEOYAmt0-11503761
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0105718
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0105718
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt04720
IRS990/OccupancyGrp/ManagementAndGeneralAmt09409
IRS990/OccupancyGrp/ProgramServicesAmt097646
IRS990/OccupancyGrp/TotalAmt0111775
IRS990/OfficeExpensesGrp/FundraisingAmt05686
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09926
IRS990/OfficeExpensesGrp/ProgramServicesAmt066498
IRS990/OfficeExpensesGrp/TotalAmt082110
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0GLENWOOD SPECIAL EVENTS
IRS990/OtherExpensesGrp/Desc1OTHER
IRS990/OtherExpensesGrp/Desc2BANK FEES
IRS990/OtherExpensesGrp/Desc3BOND FINANCING COSTS
IRS990/OtherExpensesGrp/FundraisingAmt057594
IRS990/OtherExpensesGrp/FundraisingAmt124823
IRS990/OtherExpensesGrp/FundraisingAmt23337
IRS990/OtherExpensesGrp/FundraisingAmt326376
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01415
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt178757
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt217891
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt347478
IRS990/OtherExpensesGrp/ProgramServicesAmt088734
IRS990/OtherExpensesGrp/ProgramServicesAmt1177085
IRS990/OtherExpensesGrp/ProgramServicesAmt257404
IRS990/OtherExpensesGrp/ProgramServicesAmt3453674
IRS990/OtherExpensesGrp/TotalAmt0147743
IRS990/OtherExpensesGrp/TotalAmt1280665
IRS990/OtherExpensesGrp/TotalAmt278632
IRS990/OtherExpensesGrp/TotalAmt3527528
IRS990/OtherLiabilitiesGrp/BOYAmt07566376
IRS990/OtherLiabilitiesGrp/EOYAmt011503761
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0154601
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0393346
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01545855
IRS990/OtherSalariesAndWagesGrp/TotalAmt02093802
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt07309
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt038738
IRS990/PayrollTaxesGrp/ProgramServicesAmt052555
IRS990/PayrollTaxesGrp/TotalAmt098602
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0153067
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0MARY HOLLIE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0721310
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0ROOM AND BOARD
IRS990/ProgramServiceRevenueGrp/Desc1OTHER SCHOOL RELATED REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt072836
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt137029
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt072836
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt137029
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0351766
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01309832
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt075323
IRS990/PYRevenuesLessExpensesAmt0-3837604
IRS990/PYSalariesCompEmpBnftPaidAmt02954861
IRS990/PYTotalExpensesAmt04264693
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0427089
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-3926890
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0109865
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011503761
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO GLENWOOD ACADEMY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GLENWOOD 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 ENDING AUGUST 31, 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PART X, LINE 2
IRS990ScheduleD/TotalLiabilityAmt011503761
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$11,503,761
Net assets
-$11,503,761
Revenue
$356,646
Expenses
$4,283,536
Net income
-$3,926,890
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$39.3$39.3$1.33$5.67$4.34
2023Detailed filing. Detailed filing data is available for this year.$0.00$34.9$34.9$0.81$5.24$4.44
2022Detailed filing. Detailed filing data is available for this year.$0.00$30.5$30.5$0.75$4.63$3.88
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$26.6$26.6$0.63$3.99$3.36
2020Detailed filing. Detailed filing data is available for this year.$0.00$23.3$23.3$0.73$4.76$4.02
2019Detailed filing. Detailed filing data is available for this year.$0.00$19.2$19.2$0.82$4.96$4.14
2018Detailed filing. Detailed filing data is available for this year.$0.00$15.1$15.1$0.99$4.57$3.59
2017Detailed filing. Detailed filing data is available for this year.$0.00$11.5$11.5$0.36$4.28$3.93
2016Detailed filing. Detailed filing data is available for this year.$0.21$7.79$7.58$0.43$4.26$3.84
2015Detailed filing. Detailed filing data is available for this year.$0.14$3.88$3.74$5.88$6.26$0.38
2014Detailed filing. Detailed filing data is available for this year.$0.09$3.46$3.36$4.29$5.44$1.15
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$2.29$2.21$4.53
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$2.92$2.81$5.93
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$2.08$1.98$4.99
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • <$500k nonprofits