Civic Intelligence

Eastbrook Academy Inc.

990 • Fiscal year 2018 • EIN 39-1926815

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 29, 2019

5375 North Green Bay AvenueMilwaukee, WI 53209

(414) 228-7905

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.19x

Higher debt load relative to assets than 62% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

40th percentile

0.06x

Higher debt load relative to revenue than 40% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

25th percentile

-6.6%

Higher net margin than 25% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

43rd percentile

$43,988

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

7th percentile

-19%

Faster asset growth than 7% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

27th percentile

-6.2%

Faster revenue growth than 27% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$880,691

Down $209,175 (-19%) from 2017

Net Assets

Down

$717,389

Down $175,509 (-20%) from 2017

Liabilities

Down

$163,302

Down $33,666 (-17%) from 2017

Revenue

Down

$2,923,714

Down $193,295 (-6.2%) from 2017

Expenses

Down

$3,116,912

Down $15,071 (-0.5%) from 2017

Net Income

Down

-$193,198

Down $178,224 (-1190%) from 2017

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $1,389,726Liabilities 2011: $324,395Net Assets 2011: $1,065,3312011Assets 2012: $1,239,481Liabilities 2012: $366,049Net Assets 2012: $873,4322012Assets 2013: $1,114,272Liabilities 2013: $207,911Net Assets 2013: $906,3612013Assets 2014: $806,208Liabilities 2014: $260,451Net Assets 2014: $545,7572014Assets 2015: $831,175Liabilities 2015: $262,793Net Assets 2015: $568,3822015Assets 2016: $1,066,629Liabilities 2016: $250,532Net Assets 2016: $816,0972016Assets 2017: $1,089,866Liabilities 2017: $196,968Net Assets 2017: $892,8982017Assets 2018: $880,691Liabilities 2018: $163,302Net Assets 2018: $717,3892018Assets 2019: $949,786Liabilities 2019: $15,646Net Assets 2019: $934,1402019Assets 2020: $1,459,376Liabilities 2020: $408,776Net Assets 2020: $1,050,6002020Assets 2021: $1,804,684Liabilities 2021: $257,450Net Assets 2021: $1,547,2342021Assets 2022: $3,423,293Liabilities 2022: $375,606Net Assets 2022: $3,047,6872022Assets 2023: $4,702,632Liabilities 2023: $1,012,779Net Assets 2023: $3,689,8532023Assets 2024: $9,782,696Liabilities 2024: $4,819,422Net Assets 2024: $4,963,2742024

Highlighted filing

2018

Assets$880,691
Liabilities$163,302
Net Assets$717,389

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2011: $2,636,1462011Expenses 2012: $2,841,8262012Revenue 2013: $2,680,752Expenses 2013: $2,757,898Net Income 2013: -$77,1462013Revenue 2014: $2,676,832Expenses 2014: $3,076,804Net Income 2014: -$399,9722014Revenue 2015: $2,995,173Expenses 2015: $2,966,822Net Income 2015: $28,3512015Revenue 2016: $3,234,564Expenses 2016: $3,029,649Net Income 2016: $204,9152016Revenue 2017: $3,117,009Expenses 2017: $3,131,983Net Income 2017: -$14,9742017Revenue 2018: $2,923,714Expenses 2018: $3,116,912Net Income 2018: -$193,1982018Revenue 2019: $3,094,320Expenses 2019: $2,849,873Net Income 2019: $244,4472019Revenue 2020: $3,169,381Expenses 2020: $3,042,063Net Income 2020: $127,3182020Revenue 2021: $4,079,649Expenses 2021: $3,517,782Net Income 2021: $561,8672021Revenue 2022: $5,123,290Expenses 2022: $4,248,050Net Income 2022: $875,2402022Revenue 2023: $5,092,432Expenses 2023: $4,467,388Net Income 2023: $625,0442023Revenue 2024: $7,904,325Expenses 2024: $6,812,683Net Income 2024: $1,091,6422024

Highlighted filing

2018

Revenue$2,923,714
Expenses$3,116,912
Net Income-$193,198
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 29, 2019
Return Version
2017v2.3
Gross Receipts
$3,009,735
Mission and Program Overview

Mission

Eastbrook academy exists to support families from diverse backgrounds in the academic and spiritual development of their children for college preparation and life. The academy is founded to impart a rigorous classical education in a loving environment committed to christian living.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$528,469$491,931▼ $36,538
Cash and Non-Interest-Bearing Accounts$302,879$184,000▼ $118,879
Land, Buildings, and Equipment, Net$210,234$165,880▼ $44,354
Accounts Receivable$15,715$24,596▲ $8,881
Savings and Temporary Cash Investments$30,094$13,291▼ $16,803
Prepaid Expenses and Deferred Charges$2,475$993▼ $1,482
Total Assets$1,089,866$880,691▼ $209,175
Liabilities
Accounts Payable and Accrued Expenses$175,753$148,202▼ $27,551
Deferred Revenue$21,215$15,100▼ $6,115
Total Liabilities$196,968$163,302▼ $33,666
Net Assets / Fund Balance
Unrestricted Net Assets$886,603$702,389▼ $184,214
Temporarily Rstr Net Assets$6,295$15,000▲ $8,705
Total Net Assets Fund Balance$892,898$717,389▼ $175,509
Total Liabilities and Net Assets / Fund Balance$1,089,866$880,691▼ $209,175

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$149,189$134,578$283,767
Equipment$16,691$162,044$178,735

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$267,083$100,000▲ $19,463-$386,546
2017$244,232-▲ $22,851-$267,083
2016$446,160$55,028▼ $6,906$250,000$244,232
2015$469,810$35,000▲ $6,350$65,000$446,160
2014$703,308-▲ $100,813$334,311$469,810
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael MaxsonHead of SchoolFT$43,900$88$43,988

Board Members and Trustees

NameTitle
Nate GanfieldBoard Chair
Kim SomenskeVice Chair
Anne OsterwindDirector
Ben DouglasDirector
Lisa BuetheDirector
Ronett JacobsDirector
Karen EggertSecretary
Matthew BuerosseTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,876,069
Program Service Revenue
$987,642
Investment Income
$26,534
Other Revenue
$33,469
All Other Contributions
$478,680
Change in Net Assets
$-193,198

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,923,714
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$17,689
Total Revenue per Audited Statements
$2,941,403
Total Revenue per Form 990
$2,923,714
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,282,011
Other Expenses$834,901
Total Fundraising Expense$62,170
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,553,823$269,261$50,804$1,873,888
Occupancy$417,282$29,926-$447,208
Other Employee Benefits$136,759$15,366$1,537$153,662
Payroll Taxes$126,394$14,363$2,873$143,630
Office Expenses$91,657$6,800-$98,457
Current Officers, Directors, Trustees, and Key Employees$61,614$22,005$4,401$88,020
Depreciation Depletion$44,354--$44,354
Fees for Services Other$35,671--$35,671
Pension Plan Contributions$20,302$2,281$228$22,811
Fees for Services Accounting$18,825--$18,825
Information Technology$14,786$671-$15,457
Advertising$2,235-$2,327$4,562
Other Expenses$1,329$148-$1,477
Total Functional Expenses$2,687,454$367,288$62,170$3,116,912

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,116,912
Total Expenses per Audited Statements$3,116,912
Total Expenses per Form 990$3,116,912
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$73,365
Fundraising Direct Expenses$40,586
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$17,545$17,545$1,310$16,235
Silent Auction$73,893$9,495$12,941$-3,446
Total Events$137,763$73,365$40,586$32,779
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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

The form 990 was distributed to the board of directors for review and comment prior to filing.

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

The board of directors has a formal discussion annually regarding the conflict of interest policy. In addition, the issue is regularly monitored and discussed among board members and school heads.

Form 990, Part VI, Section B, Line 15

The board of directors evaluated the head of school and recommended an appropriate merit increase. The head of school and chair of the board evaluated the performance of the other heads and approved merit increases.

Form 990, Part VI, Section C, Line 19

Held at the main office and available upon request

Filing and Contact Details

Filer

Filer Name
Eastbrook Academy Inc
EIN
39-1926815
Phone
4142287905
Address
5375 NORTH GREEN BAY AVENUE, MILWAUKEE, WI 53209

Signing Officer

Name
Michael Maxson
Title
Head of School
Phone
4142287905
Signed
2019-01-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Maxson
Formed
1998
Legal Domicile
Wi
Voting Board Members
8
Independent Board Members
8
Employees
85
Volunteers
27

Preparer

Firm
Reilly Penner & Benton Llp
Address
1233 NORTH MAYFAIR ROAD SUITE 302, MILWAUKEE, WI 53226-3255
Preparer
David a Grotkin
Phone
4142717800
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

Eastbrook academy's oversight is consistant with prior years.

Financial Statement Notes

PART V, LINE 4:

The fund is invested for growth. Once the fund is larger, income will be used to support operating expenses of the school.

PART X, LINE 2:

The school is exempt from federal income tax under section 501(c)(3) of the u.s. Internal revenue code. The school is not considered a private foundation by the internal revenue service. The school does not consider any of its support and revenues to be unrelated business income and, accordingly, no provision for income taxes has been provided in the accompanying financial statements. The school has implemented accounting for uncertainty in income taxes in accordance with u.s. Gaap. This standard describes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return and also provides guidance on various related matters such as derecognizing, interest, penalties and disclosures required. Management of the school evaluates the uncertain tax positions taken, if any, and consults with outside counsel as deemed necessary. The school recognizes interest and penalties, if any, related to unrecognized tax liabilities in income tax expense. In management's opinion, the school has not taken any uncertain tax positions and, accordingly, has not reported a corresponding liability in the school's financial statements.

Raw XML AppendixShowing 400 of 541 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0175753
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0148202
IRS990/AccountsReceivableGrp/BOYAmt015715
IRS990/AccountsReceivableGrp/EOYAmt024596
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0EASTBROOK ACADEMY EXISTS TO SUPPORT FAMILIES FROM DIVERSE BACKGROUNDS IN THE ACADEMIC AND SPIRITUAL DEVELOPMENT OF THEIR CHILDREN FOR COLLEGE PREPARATION AND LIFE. THE ACADEMY IS FOUNDED TO IMPART A RIGOROUS CLASSICAL EDUCATION IN A LOVING ENVIRONMENT COMMITTED TO CHRISTIAN LIVING.
IRS990/AdvertisingGrp/FundraisingAmt02327
IRS990/AdvertisingGrp/ProgramServicesAmt02235
IRS990/AdvertisingGrp/TotalAmt04562
IRS990/AllOtherContributionsAmt0478680
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MICHAEL MAXSON
IRS990/BooksInCareOfDetail/PhoneNum04142287905
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt05375 N GREEN BAY AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0MILWAUKEE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0532095005
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0302879
IRS990/CashNonInterestBearingGrp/EOYAmt0184000
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt04401
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt022005
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt061614
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt088020
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt064398
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01876069
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt026534
IRS990/CYOtherExpensesAmt0834901
IRS990/CYOtherRevenueAmt033469
IRS990/CYProgramServiceRevenueAmt0987642
IRS990/CYRevenuesLessExpensesAmt0-193198
IRS990/CYSalariesCompEmpBnftPaidAmt02282011
IRS990/CYTotalExpensesAmt03116912
IRS990/CYTotalFundraisingExpenseAmt062170
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02923714
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt021215
IRS990/DeferredRevenueGrp/EOYAmt015100
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt044354
IRS990/DepreciationDepletionGrp/TotalAmt044354
IRS990/Desc0OPERATION OF A PRIVATE SCHOOL OFFERING PROGRAMS TO 4-YEAR-OLDS THROUGH 12TH GRADE DURING THE YEAR ENDED JUNE 30, 2017. THE SCHOOL SERVED APPROXIMATELY 340 STUDENTS DURING THE YEAR.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt085
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02663029
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt018825
IRS990/FeesForServicesAccountingGrp/TotalAmt018825
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt035671
IRS990/FeesForServicesOtherGrp/TotalAmt035671
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt788
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0NATE GANFIELD
IRS990/Form990PartVIISectionAGrp/PersonNm1MATTHEW BUEROSSE
IRS990/Form990PartVIISectionAGrp/PersonNm2KIM SOMENSKE
IRS990/Form990PartVIISectionAGrp/PersonNm3BEN DOUGLAS
IRS990/Form990PartVIISectionAGrp/PersonNm4LISA BUETHE
IRS990/Form990PartVIISectionAGrp/PersonNm5ANNE OSTERWIND
IRS990/Form990PartVIISectionAGrp/PersonNm6RONETT JACOBS
IRS990/Form990PartVIISectionAGrp/PersonNm7MICHAEL MAXSON
IRS990/Form990PartVIISectionAGrp/PersonNm8KAREN EGGERT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt743900
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt064398
IRS990/FundraisingDirectExpensesAmt040586
IRS990/FundraisingGrossIncomeAmt073365
IRS990/GainOrLossGrp/SecuritiesAmt019728
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt01332991
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt065163
IRS990/GrossReceiptsAmt03009735
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0671
IRS990/InformationTechnologyGrp/ProgramServicesAmt014786
IRS990/InformationTechnologyGrp/TotalAmt015457
IRS990/InvestmentIncomeGrp/ExclusionAmt06806
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06806
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0528469
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0491931
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0296622
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0210234
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0165880
IRS990/LandBldgEquipCostOrOtherBssAmt0462502
IRS990/LegalDomicileStateCd0WI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt045435
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0EASTBROOK ACADEMY EXISTS TO SUPPORT FAMILIES FROM DIVERSE BACKGROUNDS IN THE ACADEMIC AND SPIRITUAL DEVELOPMENT OF THEIR CHILDREN FOR COLLEGE PREPARATION AND LIFE. THE ACADEMY IS FOUNDED TO IMPART A RIGOROUS CLASSICAL EDUCATION IN A LOVING ENVIRONMENT COMMITTED TO CHRISTIAN LIVING.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0892898
IRS990/NetAssetsOrFundBalancesEOYAmt0717389
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt019728
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt019728
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt032779
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt032779
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt017689
IRS990/NoncashContributionsAmt011787
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt029926
IRS990/OccupancyGrp/ProgramServicesAmt0417282
IRS990/OccupancyGrp/TotalAmt0447208
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06800
IRS990/OfficeExpensesGrp/ProgramServicesAmt091657
IRS990/OfficeExpensesGrp/TotalAmt098457
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01537
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt015366
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0136759
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0153662
IRS990/OtherExpensesGrp/Desc0FOOD SERVICE
IRS990/OtherExpensesGrp/Desc1STUDENT ACTIVITIES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3GRANT DEVELOPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06467
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1148
IRS990/OtherExpensesGrp/ProgramServicesAmt0109823
IRS990/OtherExpensesGrp/ProgramServicesAmt152600
IRS990/OtherExpensesGrp/ProgramServicesAmt21329
IRS990/OtherExpensesGrp/TotalAmt0109823
IRS990/OtherExpensesGrp/TotalAmt152600
IRS990/OtherExpensesGrp/TotalAmt26467
IRS990/OtherExpensesGrp/TotalAmt31477
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0690
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0690
IRS990/OtherRevenueTotalAmt0690
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt050804
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0269261
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01553823
IRS990/OtherSalariesAndWagesGrp/TotalAmt01873888
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02873
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014363
IRS990/PayrollTaxesGrp/ProgramServicesAmt0126394
IRS990/PayrollTaxesGrp/TotalAmt0143630
IRS990/PensionPlanContributionsGrp/FundraisingAmt0228
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02281
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt020302
IRS990/PensionPlanContributionsGrp/TotalAmt022811
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02475
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0993
IRS990/PrincipalOfficerNm0MICHAEL MAXSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1MILK & MEAL PURCHASES
IRS990/ProgramServiceRevenueGrp/Desc2AFTER SCHOOL CARE
IRS990/ProgramServiceRevenueGrp/Desc3PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0807913
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1105417
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt237599
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt336713
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0807913
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1105417
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt237599
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt336713
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDED A BEFORE AND AFTER SCHOOL CARE PROGRAM TO SERVE SCHOOL FAMILIES AS NEEDED.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt024425
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt037599
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02060798
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt018204
IRS990/PYOtherExpensesAmt0846245
IRS990/PYOtherRevenueAmt0280
IRS990/PYProgramServiceRevenueAmt01037727
IRS990/PYRevenuesLessExpensesAmt0-14974
IRS990/PYSalariesCompEmpBnftPaidAmt02285738
IRS990/PYTotalExpensesAmt03131983
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03117009
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-193198
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0950733
IRS990/SavingsAndTempCashInvstGrp/BOYAmt030094
IRS990/SavingsAndTempCashInvstGrp/EOYAmt013291
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0267083
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0100000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0386546
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt019463
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0244232
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0267083
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt022851
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt050
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0446160
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt055028
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0244232
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-6906
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0250000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0469810
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt035000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0446160
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06350
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt065000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0703308
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0469810
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0100813
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0334311
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt016691
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0162044
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0178735
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03116912
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0149189
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0134578
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0283767
IRS990ScheduleD/NetUnrealizedGainsInvstAmt017689
IRS990ScheduleD/RevenueNotReportedAmt017689
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02923714
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FUND IS INVESTED FOR GROWTH. ONCE THE FUND IS LARGER, INCOME WILL BE USED TO SUPPORT OPERATING EXPENSES OF THE SCHOOL.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE. THE SCHOOL IS NOT CONSIDERED A PRIVATE FOUNDATION BY THE INTERNAL REVENUE SERVICE. THE SCHOOL DOES NOT CONSIDER ANY OF ITS SUPPORT AND REVENUES TO BE UNRELATED BUSINESS INCOME AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SCHOOL HAS IMPLEMENTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH U.S. GAAP. THIS STANDARD DESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND ALSO PROVIDES GUIDANCE ON VARIOUS RELATED MATTERS SUCH AS DERECOGNIZING, INTEREST, PENALTIES AND DISCLOSURES REQUIRED. MANAGEMENT OF THE SCHOOL EVALUATES THE UNCERTAIN TAX POSITIONS TAKEN, IF ANY, AND CONSULTS WITH OUTSIDE COUNSEL AS DEEMED NECESSARY. THE SCHOOL RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX LIABILITIES IN INCOME TAX EXPENSE. IN MANAGEMENT'S OPINION, THE SCHOOL HAS NOT TAKEN ANY UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, HAS NOT REPORTED A CORRESPONDING LIABILITY IN THE SCHOOL'S FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0165880
IRS990ScheduleD/TotalExpensesPerForm990Amt03116912
IRS990ScheduleD/TotalRevenuePerForm990Amt02923714
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02941403
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03116912
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd00
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0EASTBROOK ACADEMY PUBLISHED ITS RACIALLY NONDISCRIMINATORY POLICY IN THE HANDBOOK, THE FREE AND REDUCED LUNCH APPLICATIONS, AND IN THE DIRECT VERIFICATION FOR FREE AND REDUCED LUNCH APPLICATIONS. EASTBROOK ACADEMY ALSO PUBLISHES ITS NONDISCRIMINATORY POLICY ON EVERY STUDENT APPLICATION AND ON ITS WEBPAGE, BUT DOES NOT PRINT THE POLICY ON EVERY PIECE OF ADMISSIONS MATERIAL.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION PARTICIPATES IN THE MILWAUKEE PARENTAL CHOICE PROGRAM ADMINISTERED BY THE WISCONSIN DEPARTMENT OF PUBLIC INSTRUCTION. THE PROGRAM PROVIDES SUPPORT IN THE FORM OF A TUITION VOUCHER TO LOW INCOME CITY OF MILWAUKEE RESIDENTS THAT ENROLL IN THE SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt064398
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt064398
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt040586
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SILENT AUCTION
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GOLF OUTING
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt05472
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt04355
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt09827
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt073893
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt017545
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt046325
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0137763
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt09495
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt017545
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt046325
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt073365
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt032779

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.78$4.82$4.96$7.90$6.81$1.09
2023Detailed filing. Detailed filing data is available for this year.$4.70$1.01$3.69$5.09$4.47$0.63
2022Detailed filing. Detailed filing data is available for this year.$3.42$0.38$3.05$5.12$4.25$0.88
2021Detailed filing. Detailed filing data is available for this year.$1.80$0.26$1.55$4.08$3.52$0.56
2020Detailed filing. Detailed filing data is available for this year.$1.46$0.41$1.05$3.17$3.04$0.13
2019Detailed filing. Detailed filing data is available for this year.$0.95$0.02$0.93$3.09$2.85$0.24
2018Detailed filing. Detailed filing data is available for this year.$0.88$0.16$0.72$2.92$3.12$0.19
2017Detailed filing. Detailed filing data is available for this year.$1.09$0.20$0.89$3.12$3.13$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.07$0.25$0.82$3.23$3.03$0.20
2015Detailed filing. Detailed filing data is available for this year.$0.83$0.26$0.57$3.00$2.97$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.81$0.26$0.55$2.68$3.08$0.40
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.21$0.91$2.68$2.76$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$0.37$0.87$2.84
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.32$1.07$2.64