Civic Intelligence

Chicago Hope Academy

990 • Fiscal year 2016 • EIN 36-4244054

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 15, 2017

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

59th percentile

0.33x

Higher debt load relative to assets than 59% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

80th percentile

1.09x

Higher debt load relative to revenue than 80% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

71st percentile

9.9%

Higher net margin than 71% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

36th percentile

$138,615

Higher top officer pay than 36% of similar nonprofits.

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

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

68th percentile

7.1%

Faster asset growth than 68% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

42nd percentile

0.7%

Faster revenue growth than 42% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Up

$15,490,302

Up $1,022,528 (+7.1%) from 2015

Net Assets

Up

$10,434,019

Up $462,745 (+4.6%) from 2015

Liabilities

Up

$5,056,283

Up $559,783 (+12%) from 2015

Revenue

Up

$4,660,089

Up $30,104 (+0.7%) from 2015

Expenses

Down

$4,197,344

Down $85,750 (-2.0%) from 2015

Net Income

Up

$462,745

Up $115,854 (+33%) from 2015

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

2016

Assets$15,490,302
Liabilities$5,056,283
Net Assets$10,434,019

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

2016

Revenue$4,660,089
Expenses$4,197,344
Net Income$462,745
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 15, 2017
Return Version
2015v3.0
Gross Receipts
$4,715,248
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$7,923,187$7,774,211▼ $148,976
Pledges and Grants Receivable$1,372,959$1,237,517▼ $135,442
Cash and Non-Interest-Bearing Accounts$891,023$1,014,085▲ $123,062
Investments in Publicly Traded Securities$723,016$773,827▲ $50,811
Investments Other Securities$608,172$636,974▲ $28,802
Prepaid Expenses and Deferred Charges$19,234$85,495▲ $66,261
Accounts Receivable$103,907$43,723▼ $60,184
Total Assets$14,467,774$15,490,302▲ $1,022,528
Other Assets Total$2,826,276$3,924,470▲ $1,098,194
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,117,315$4,657,602▲ $540,287
Deferred Revenue$126,049$207,003▲ $80,954
Accounts Payable and Accrued Expenses$253,136$191,678▼ $61,458
Total Liabilities$4,496,500$5,056,283▲ $559,783
Net Assets / Fund Balance
Unrestricted Net Assets$9,971,274$10,434,019▲ $462,745
Total Net Assets Fund Balance$9,971,274$10,434,019▲ $462,745
Total Liabilities and Net Assets / Fund Balance$14,467,774$15,490,302▲ $1,022,528

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,702,543$2,277,457$5,980,000
Land$3,358,912-$3,358,912
Equipment$712,756$454,592$1,052,192
Other Assets Org$113,380--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert MuzikowskiPresident FounderFT$132,000$6,615$138,615
Kevin DrewyerBuilding ManagerFT$63,912-$63,912
Tina MuzikowskiHead of SchoolFT$30,000-$30,000

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
$2,538,528
Program Service Revenue
$1,045,968
Investment Income
$589,682
Other Revenue
$485,911
All Other Contributions
$2,538,528
Change in Net Assets
$462,745

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,660,089
Total Revenue per Audited Statements
$4,660,089
Total Revenue per Form 990
$4,660,089
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,171,753
Salaries, Compensation, and Employee Benefits$2,022,321
Total Fundraising Expense$122,627
Professional Fundraising Fees$3,270
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,357,501$185,495-$1,542,996
Depreciation Depletion$211,306$52,826-$264,132
Interest$95,315$104,860-$200,175
Other Employee Benefits$159,635$22,639$9,107$191,381
Occupancy$151,569$25,266-$176,835
Current Officers, Directors, Trustees, and Key Employees$64,920$16,230$81,150$162,300
Insurance$124,206$31,051-$155,257
All Other Expenses$73,648$66,830$909$141,387
Payroll Taxes$104,802$14,863$5,979$125,644
Office Expenses$82,503$9,397$9,003$100,903
Advertising$43,844-$7,737$51,581
Travel-$49,504-$49,504
Fees for Services Accounting-$43,979-$43,979
Other Expenses$29,184$1,824$5,472$36,480
Fees for Services Other-$27,461-$27,461
Information Technology-$8,541-$8,541
Fees for Services Professional Fundraising--$3,270$3,270
Total Functional Expenses$3,168,573$906,144$122,627$4,197,344

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,197,344
Total Expenses per Audited Statements$4,197,344
Total Expenses per Form 990$4,197,344
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$128,155
Fundraising Direct Expenses$55,159
Professional Fundraising Fees$3,270

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Event$128,155$128,155$55,159$72,996
Total Events$128,155$128,155$55,159$72,996
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
No
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 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
2017-02-15
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
67
Volunteers
50

Preparer

Firm
Michael D Riggs Pc
Address
1119 N ARLINGTON HEIGHTS ROAD, ARLINGTON HEIGHTS, IL 60004
Preparer
Michael Riggs
Phone
2246590321
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IRS990/OtherExpensesGrp/Desc0Program service costs
IRS990/OtherExpensesGrp/Desc1Athletic fields and department
IRS990/OtherExpensesGrp/Desc2Real estate management
IRS990/OtherExpensesGrp/Desc3Vehicle up-keep
IRS990/OtherExpensesGrp/FundraisingAmt05472
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0245378
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11824
IRS990/OtherExpensesGrp/ProgramServicesAmt0407707
IRS990/OtherExpensesGrp/ProgramServicesAmt1262433
IRS990/OtherExpensesGrp/ProgramServicesAmt229184
IRS990/OtherExpensesGrp/TotalAmt0407707
IRS990/OtherExpensesGrp/TotalAmt1262433
IRS990/OtherExpensesGrp/TotalAmt2245378
IRS990/OtherExpensesGrp/TotalAmt336480
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0185495
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01357501
IRS990/OtherSalariesAndWagesGrp/TotalAmt01542996
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt05979
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014863
IRS990/PayrollTaxesGrp/ProgramServicesAmt0104802
IRS990/PayrollTaxesGrp/TotalAmt0125644
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01372959
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01237517
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt019234
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt085495
IRS990/PrincipalOfficerNm0ROBERT MUZIKOWSKI
IRS990/ProfessionalFundraisingInd0true
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0Student tuition and fees
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01045968
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02723987
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0495749
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt02331553
IRS990/PYOtherRevenueAmt0451704
IRS990/PYProgramServiceRevenueAmt0958545
IRS990/PYRevenuesLessExpensesAmt0346891
IRS990/PYSalariesCompEmpBnftPaidAmt01931391
IRS990/PYTotalExpensesAmt04283094
IRS990/PYTotalProfFndrsngExpnsAmt020150
IRS990/PYTotalRevenueAmt04629985
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0462745
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0412915
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
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/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03702543
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02277457
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05980000
IRS990ScheduleD/EquipmentGrp/BookValueAmt0712756
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0454592
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01052192
IRS990ScheduleD/ExpensesSubtotalAmt04197344
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt03358912
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03358912
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03194096
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1616994
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2113380
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REAL ESTATE ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PREPAID USAGE FEES
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/RevenueSubtotalAmt04660089
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07774211
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03924470
IRS990ScheduleD/TotalExpensesPerForm990Amt04197344
IRS990ScheduleD/TotalRevenuePerForm990Amt04660089
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04660089
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04197344
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/DirectExpenseSummaryEventsAmt055159
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUNDRAISING EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0128155
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0128155
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0128155
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0128155
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt072996
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt055159
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt055159
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/PersonNm0TUITION
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/RelationshipWithOrgTxt0CHILDREN OF PRESIDENT
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/TypeOfAssistanceTxt0TUITION ASSISTANCE
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Draft of 990 has been provided to each board member prior to filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All documents made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0true

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