Civic Intelligence

Chicago Hope Academy

990 • Fiscal year 2015 • EIN 36-4244054

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 13, 2016

2189 W Bowler StChicago, IL 60612

(312) 491-1600

Siviq Scores

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

Liabilities / Assets

57th percentile

0.31x

Higher debt load relative to assets than 57% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

79th percentile

0.97x

Higher debt load relative to revenue than 79% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

64th percentile

7.5%

Higher net margin than 64% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

37th percentile

$138,915

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

31st percentile

-2.3%

Faster asset growth than 31% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

64th percentile

8.6%

Faster revenue growth than 64% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Down

$14,467,774

Down $339,645 (-2.3%) from 2014

Net Assets

Up

$9,971,274

Up $301,904 (+3.1%) from 2014

Liabilities

Down

$4,496,500

Down $641,549 (-12%) from 2014

Revenue

Up

$4,629,985

Up $365,890 (+8.6%) from 2014

Expenses

Up

$4,283,094

Up $216,581 (+5.3%) from 2014

Net Income

Up

$346,891

Up $149,309 (+76%) from 2014

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2012: $9,872,185Liabilities 2012: $943,731Net Assets 2012: $8,928,4542012Assets 2013: $13,394,382Liabilities 2013: $3,922,594Net Assets 2013: $9,471,7882013Assets 2014: $14,807,419Liabilities 2014: $5,138,049Net Assets 2014: $9,669,3702014Assets 2015: $14,467,774Liabilities 2015: $4,496,500Net Assets 2015: $9,971,2742015Assets 2016: $15,490,302Liabilities 2016: $5,056,283Net Assets 2016: $10,434,0192016Assets 2017: $16,754,079Liabilities 2017: $4,908,398Net Assets 2017: $11,845,6812017Assets 2018: $18,351,554Liabilities 2018: $4,410,247Net Assets 2018: $13,941,3072018Assets 2019: $17,417,564Liabilities 2019: $4,806,059Net Assets 2019: $12,611,5052019Assets 2020: $27,269,039Liabilities 2020: $2,030,507Net Assets 2020: $25,238,5322020Assets 2021: $40,014,679Liabilities 2021: $7,500,973Net Assets 2021: $32,513,7062021Assets 2024: $39,678,533Liabilities 2024: $4,777,309Net Assets 2024: $34,901,2242024

Highlighted filing

2015

Assets$14,467,774
Liabilities$4,496,500
Net Assets$9,971,274

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2012: $2,788,9832012Expenses 2013: $3,204,6352013Revenue 2014: $4,264,095Expenses 2014: $4,066,513Net Income 2014: $197,5822014Revenue 2015: $4,629,985Expenses 2015: $4,283,094Net Income 2015: $346,8912015Revenue 2016: $4,660,089Expenses 2016: $4,197,344Net Income 2016: $462,7452016Revenue 2017: $5,669,617Expenses 2017: $4,257,955Net Income 2017: $1,411,6622017Revenue 2018: $7,676,508Expenses 2018: $5,580,882Net Income 2018: $2,095,6262018Revenue 2019: $4,497,037Expenses 2019: $6,226,839Net Income 2019: -$1,729,8022019Revenue 2020: $21,983,563Expenses 2020: $7,328,966Net Income 2020: $14,654,5972020Revenue 2021: $17,748,373Expenses 2021: $7,357,361Net Income 2021: $10,391,0122021Revenue 2024: $8,620,601Expenses 2024: $7,403,344Net Income 2024: $1,217,2572024

Highlighted filing

2015

Revenue$4,629,985
Expenses$4,283,094
Net Income$346,891
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 13, 2016
Return Version
2014v6.0
Gross Receipts
$6,365,937
Mission and Program Overview

Mission

Chicago hope academy is a co-educational, non-denominational college and life preparatory high school dedicated to nurturing and challenging the whole person - mind, body, and spirit - to the glory of god.

Academy helps approximately 180 students, ninth through twelvth grades, striving for excellence to spiritual, development, academics and athletics.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,869,248$7,923,187▼ $946,061
Pledges and Grants Receivable$773,108$1,372,959▲ $599,851
Cash and Non-Interest-Bearing Accounts$301,863$891,023▲ $589,160
Investments in Publicly Traded Securities$997,842$723,016▼ $274,826
Investments Other Securities-$608,172-
Accounts Receivable$140,044$103,907▼ $36,137
Prepaid Expenses and Deferred Charges$66,228$19,234▼ $46,994
Total Assets$14,762,432$14,467,774▼ $294,658
Other Assets Total$3,614,099$2,826,276▼ $787,823
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,916,919$4,117,315▼ $799,604
Accounts Payable and Accrued Expenses$221,130$253,136▲ $32,006
Deferred Revenue-$126,049-
Total Liabilities$5,138,049$4,496,500▼ $641,549
Net Assets / Fund Balance
Unrestricted Net Assets$9,624,383$9,971,274▲ $346,891
Total Net Assets Fund Balance$9,624,383$9,971,274▲ $346,891
Total Liabilities and Net Assets / Fund Balance$14,762,432$14,467,774▼ $294,658

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,900,528$2,079,472$5,980,000
Land$3,358,912-$3,358,912
Equipment$663,747$325,680$937,036
Other Assets Org$61,996--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert MuzikowskiPresident FounderFT$132,300$6,615$138,915
Kevin DrewyerBuilding ManagerFT$63,912$6,840$70,752
Tina MuzikowskiHead of SchoolFT$30,000-$30,000
Janet GibbsPrincipalFT$7,614$3,000$10,614

Board Members and Trustees

NameTitle
Alex MooreDirector
Curtis HartDirector
Jim SharmanDirector
Peg AndersonDirector
Rev BJ WeberDirector
Simon BlanksDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$2,723,987
Program Service Revenue
$958,545
Investment Income
$495,749
Other Revenue
$451,704
All Other Contributions
$2,677,818
Change in Net Assets
$346,891

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,629,985
Total Revenue per Audited Statements
$4,629,985
Total Revenue per Form 990
$4,629,985
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,331,553
Salaries, Compensation, and Employee Benefits$1,931,391
Total Fundraising Expense$222,152
Professional Fundraising Fees$20,150
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,215,242$248,496-$1,463,738
Interest$144,729$200,092-$344,821
Depreciation Depletion$208,750$52,187-$260,937
Other Employee Benefits$149,145$30,842$9,454$189,441
Occupancy$153,474$25,493-$178,967
Current Officers, Directors, Trustees, and Key Employees$64,920$16,230$81,150$162,300
Insurance$110,440$27,610-$138,050
All Other Expenses$112,792$5,529$3,659$121,980
Payroll Taxes$91,256$18,871$5,785$115,912
Office Expenses$89,673$9,101$9,101$107,875
Advertising$77,033-$13,173$90,206
Travel--$72,182$72,182
Fees for Services Accounting-$55,125-$55,125
Other Expenses$38,397$2,400$7,199$47,996
Information Technology$5,085$29,498$299$34,882
Fees for Services Professional Fundraising--$20,150$20,150
Fees for Services Other-$11,746-$11,746
Total Functional Expenses$3,106,696$954,246$222,152$4,283,094

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,283,094
Total Expenses per Audited Statements$4,283,094
Total Expenses per Form 990$4,283,094
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$136,198
Fundraising Direct Expenses$79,059
Professional Fundraising Fees$20,150

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Amazing Grace$96,209$53,909$47,467$6,442
The Gathering$22,222$17,422$9,090$8,332
Total Events$118,431$71,331$56,557$14,774
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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

Draft of 990 has been provided to each board member prior to filing

Form 990, Part VI, Section C, Line 19

All documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Chicago Hope Academy
EIN
36-4244054
Phone
3124911600
Address
2189 W BOWLER ST, CHICAGO, IL 60612

Signing Officer

Name
Robert Muzikowski
Title
President
Phone
3124911600
Signed
2016-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Muzikowski
Formed
1998
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
6
Employees
66

Preparer

Firm
Michael Riggs Pc
Address
1119 N ARLINGTON HEIGHTS RD, ARLINGTON HEIGHTS, IL 60004
Preparer
Michael Riggs
Phone
2246590321
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IRS990/OfficeExpensesGrp/ProgramServicesAmt089673
IRS990/OfficeExpensesGrp/TotalAmt0107875
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03614099
IRS990/OtherAssetsTotalGrp/EOYAmt02826276
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt09454
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt030842
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0149145
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0189441
IRS990/OtherExpensesGrp/Desc0Program service costs
IRS990/OtherExpensesGrp/Desc1Athletic fields and department
IRS990/OtherExpensesGrp/Desc2Real estate management
IRS990/OtherExpensesGrp/Desc3Vehicle up-keep
IRS990/OtherExpensesGrp/FundraisingAmt07199
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0221026
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12400
IRS990/OtherExpensesGrp/ProgramServicesAmt0406936
IRS990/OtherExpensesGrp/ProgramServicesAmt1238824
IRS990/OtherExpensesGrp/ProgramServicesAmt238397
IRS990/OtherExpensesGrp/TotalAmt0406936
IRS990/OtherExpensesGrp/TotalAmt1238824
IRS990/OtherExpensesGrp/TotalAmt2221026
IRS990/OtherExpensesGrp/TotalAmt347996
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0248496
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01215242
IRS990/OtherSalariesAndWagesGrp/TotalAmt01463738
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt05785
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt018871
IRS990/PayrollTaxesGrp/ProgramServicesAmt091256
IRS990/PayrollTaxesGrp/TotalAmt0115912
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0773108
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01372959
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt066228
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019234
IRS990/PrincipalOfficerNm0ROBERT MUZIKOWSKI
IRS990/ProfessionalFundraisingInd0true
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0Student tuition and fees
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0958545
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02385021
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0641253
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt02063731
IRS990/PYOtherRevenueAmt0426179
IRS990/PYProgramServiceRevenueAmt0811642
IRS990/PYRevenuesLessExpensesAmt0197582
IRS990/PYSalariesCompEmpBnftPaidAmt01908363
IRS990/PYTotalExpensesAmt04066513
IRS990/PYTotalProfFndrsngExpnsAmt094419
IRS990/PYTotalRevenueAmt04264095
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0346891
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0394565
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04164236
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04164236
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0495749
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0495749
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt04164236
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04164236
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04164236
IRS990ScheduleA/TotalSupportAmt04659985
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/BuildingsGrp/BookValueAmt03900528
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02079472
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05980000
IRS990ScheduleD/EquipmentGrp/BookValueAmt0663747
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0325680
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0937036
IRS990ScheduleD/ExpensesSubtotalAmt04283094
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt03358912
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03358912
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01986158
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1655381
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2122741
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt361996
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REAL ESTATE ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PREPAID USAGE FEES FOR ATHLETIC FIELD
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3OTHER RECEIVABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt04629985
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07923187
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02826276
IRS990ScheduleD/TotalExpensesPerForm990Amt04283094
IRS990ScheduleD/TotalRevenuePerForm990Amt04629985
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04629985
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04283094
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleG/AgrmtProfFundraisingActyInd0true
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0Consults on direct mail program
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd0false
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0CATHEDRAL CONSULTANTS
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt047100
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt042300
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt04800
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt056557
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0AMAZING GRACE
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0THE GATHERING
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt096209
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt022222
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0118431
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt053909
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt017422
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt071331
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt014774

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