Civic Intelligence

Chicago Hope Academy

990 • Fiscal year 2019 • EIN 36-4244054

Jul 01, 2018 to Jun 30, 2019 • Filed on May 15, 2020

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

0.28x

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

81st percentile

1.07x

Higher debt load relative to revenue than 81% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

7th percentile

-38%

Higher net margin than 7% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

33rd percentile

$131,250

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

15th percentile

-5.1%

Faster asset growth than 15% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

7th percentile

-41%

Faster revenue growth than 7% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Down

$17,417,564

Down $933,990 (-5.1%) from 2018

Net Assets

Down

$12,611,505

Down $1,329,802 (-9.5%) from 2018

Liabilities

Up

$4,806,059

Up $395,812 (+9.0%) from 2018

Revenue

Down

$4,497,037

Down $3,179,471 (-41%) from 2018

Expenses

Up

$6,226,839

Up $645,957 (+12%) from 2018

Net Income

Down

-$1,729,802

Down $3,825,428 (-183%) from 2018

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

2019

Assets$17,417,564
Liabilities$4,806,059
Net Assets$12,611,505

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

2019

Revenue$4,497,037
Expenses$6,226,839
Net Income-$1,729,802
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 15, 2020
Return Version
2018v3.3
Gross Receipts
$4,524,721
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$9,387,706$9,325,230▼ $62,476
Investments in Publicly Traded Securities$1,317,116$1,722,804▲ $405,688
Cash and Non-Interest-Bearing Accounts$1,600,571$603,833▼ $996,738
Pledges and Grants Receivable$1,616,633$513,036▼ $1,103,597
Accounts Receivable$69,631$250,925▲ $181,294
Total Assets$18,751,554$17,417,564▼ $1,333,990
Other Assets Total$4,759,897$5,001,736▲ $241,839
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,031,166$4,469,386▲ $438,220
Accounts Payable and Accrued Expenses$175,043$194,013▲ $18,970
Deferred Revenue$204,038$142,660▼ $61,378
Total Liabilities$4,410,247$4,806,059▲ $395,812
Net Assets / Fund Balance
Unrestricted Net Assets$14,341,307$12,611,505▼ $1,729,802
Total Net Assets Fund Balance$14,341,307$12,611,505▼ $1,729,802
Total Liabilities and Net Assets / Fund Balance$18,751,554$17,417,564▼ $1,333,990

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,913,086$3,666,914$6,580,000
Land$5,232,923-$5,232,923
Equipment$1,179,221-$1,179,221
Other Assets Org$768,590--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Robert MuzikowskiChairman of the Board and FounderFT$131,250$131,250
Walter JohnsonPresidentFT$126,000$126,000
Kevin DrewyerBuilding ManagerFT$70,000$70,000
Tina MuzikowskiSchoolFT$40,000$40,000

Board Members and Trustees

NameTitle
Alex MooreDirector
Austin Frazier JrDirector
Curtis HartDirector
David LewisDirector
Gregg VannDirector
Jim SharmanDirector
Joshua CauhornDirector
Peter GierschDirector
Rev BJ WeberDirector
Simon BlanksDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,348,507
Program Service Revenue
$1,720,911
Investment Income
$994,116
Other Revenue
$433,503
All Other Contributions
$1,348,507
Change in Net Assets
$-1,729,802

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,497,037
Total Revenue per Audited Statements
$4,497,037
Total Revenue per Form 990
$4,497,037
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,776,598
Salaries, Compensation, and Employee Benefits$2,440,241
Total Fundraising Expense$223,493
Professional Fundraising Fees$10,000
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,869,728$180,483$66,150$2,116,361
Depreciation Depletion$350,622$87,655-$438,277
Interest$62,884$159,352-$222,236
Occupancy$185,079$28,790$6,001$219,870
Insurance$122,930$67,646-$190,576
Fees for Services Other$65,000$121,493-$186,493
Payroll Taxes$155,865$15,046$5,514$176,425
Other Employee Benefits$130,271$12,576$4,608$147,455
Office Expenses$99,385$12,423$12,423$124,231
All Other Expenses$73,158--$73,158
Travel--$64,389$64,389
Advertising$5,151-$51,756$56,907
Other Expenses$21,218$2,652$2,652$26,522
Fees for Services Accounting-$13,027-$13,027
Fees for Services Professional Fundraising--$10,000$10,000
Information Technology$1,030$3,201-$4,231
Total Functional Expenses$5,299,002$704,344$223,493$6,226,839

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,226,839
Total Expenses per Audited Statements$6,226,839
Total Expenses per Form 990$6,226,839
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$95,899
Fundraising Direct Expenses$27,684
Professional Fundraising Fees$10,000
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 beren provided to board for review and approval.

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
2020-05-15
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
48

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/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0Chicago Hope Academy is a co-educational, non-denominational college and life preparatory school dedicated to nurturing and challenging the whole person - mind, body and spriti - to the glory of God.
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IRS990ScheduleD/EquipmentGrp/BookValueAmt01179221
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IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt05232923
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REAL ESTATE ASSETS
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
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IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
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IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
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IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
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