Civic Intelligence

Chicago Hope Academy

990 • Fiscal year 2021 • EIN 36-4244054

Jul 01, 2020 to Jun 30, 2021 • Filed on Oct 11, 2022

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

47th percentile

0.19x

Higher debt load relative to assets than 47% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

61st percentile

0.42x

Higher debt load relative to revenue than 61% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

90th percentile

59%

Higher net margin than 90% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

12th percentile

$87,500

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

91st percentile

47%

Faster asset growth than 91% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

11th percentile

-19%

Faster revenue growth than 11% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Assets

Up

$40,014,679

Up $12,745,640 (+47%) from 2020

Net Assets

Up

$32,513,706

Up $7,275,174 (+29%) from 2020

Liabilities

Up

$7,500,973

Up $5,470,466 (+269%) from 2020

Revenue

Down

$17,748,373

Down $4,235,190 (-19%) from 2020

Expenses

Up

$7,357,361

Up $28,395 (+0.4%) from 2020

Net Income

Down

$10,391,012

Down $4,263,585 (-29%) from 2020

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

2021

Assets$40,014,679
Liabilities$7,500,973
Net Assets$32,513,706

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

2021

Revenue$17,748,373
Expenses$7,357,361
Net Income$10,391,012
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Oct 11, 2022
Return Version
2020v4.2
Gross Receipts
$17,748,373
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$10,224,968$23,364,932▲ $13,139,964
Pledges and Grants Receivable$11,830,121$10,018,215▼ $1,811,906
Investments in Publicly Traded Securities$1,968,549$3,309,691▲ $1,341,142
Cash and Non-Interest-Bearing Accounts$2,523,880$2,375,871▼ $148,009
Accounts Receivable$136,131$346,158▲ $210,027
Total Assets$27,269,039$40,014,679▲ $12,745,640
Other Assets Total$585,390$599,812▲ $14,422
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,696,795$6,981,548▲ $5,284,753
Accounts Payable and Accrued Expenses$272,057$434,998▲ $162,941
Deferred Revenue$61,655$84,427▲ $22,772
Total Liabilities$2,030,507$7,500,973▲ $5,470,466
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,312,600$32,013,706▲ $19,701,106
Net Assets With Donor Restrictions$12,925,932$500,000▼ $12,425,932
Total Net Assets Fund Balance$25,238,532$32,513,706▲ $7,275,174
Total Liabilities and Net Assets / Fund Balance$27,269,039$40,014,679▲ $12,745,640

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,328,237$4,696,482$17,024,719
Land$10,279,407-$10,279,407
Equipment$757,288-$757,288
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Robert MuzikowskiPrior PresidentFT$87,500$87,500
Walter JohnsonDirectorPT$79,907$79,907
Kevin DrewyerBuilding ManagerFT$74,945$74,945
Isaiah MuzikowskiInterim PresidentFT$66,564$66,564
Tina MuzikowskiHead of SchoolFT$52,500$52,500

Board Members and Trustees

NameTitle
Alex MooreDirector
Antonio MillsDirector
Brian SirDirector
Chris PorterDirector
David LewisDirector
Gregg VannDirector
Jim SharmanDirector
Joshua CauhornDirector
Kristin JacksonDirector
Peter GierschDirector
Rev BJ WeberDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$13,570,207
Program Service Revenue
$1,753,189
Investment Income
$301,873
Other Revenue
$2,123,104
All Other Contributions
$13,570,207
Change in Net Assets
$10,391,012
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,575,107
Salaries, Compensation, and Employee Benefits$2,782,254
Total Fundraising Expense$540,905
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,617,283$178,897$170,261$1,966,461
Other Expenses$968,098$1,559,758-$1,559,758
Depreciation Depletion$677,425$75,270-$752,695
Current Officers, Directors, Trustees, and Key Employees$180,718$145,718$35,000$361,416
Occupancy$297,648$9,153-$306,801
Advertising--$276,068$276,068
Other Employee Benefits$212,315$34,938$21,500$268,753
Payroll Taxes$146,643$24,131$14,850$185,624
Fees for Services Management-$156,749-$156,749
Interest-$155,797-$155,797
Insurance$99,477--$99,477
Information Technology$77,508$6,663-$84,171
All Other Expenses$12,339$62,335-$74,674
Conferences and Meetings--$23,226$23,226
Total Functional Expenses$4,633,619$2,182,837$540,905$7,357,361
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,750
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Robert MuzikowskiPrior PresidentRental of house for intl studentsNo$56,934
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
Business relationship with 35% controlled entity
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
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
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
2022-10-11
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
69
Volunteers
35

Preparer

Firm
Michael D Riggs Pc
Address
1119 N ARLINGTON HEIGHTS ROAD, ARLINGTON HEIGHTS, IL 60004
Preparer
Michael D Riggs
Phone
2246590321
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 5 and 7

Original Form 990 incorrectly reported all wages on Line 5. Amended return correctly splits wages between Line 5 and 7.

Raw XML AppendixShowing 400 of 497 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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