Civic Intelligence

Chicago Mathematics and Science Academy Charter School Inc.

990 • Fiscal year 2022 • EIN 45-0532536

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 26, 2023

Organization ProfileWWW.CMSAONLINE.NET
7212 N Clark StreetChicago, IL 60626-2416

(773) 761-8960

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.19x

Higher debt load relative to assets than 52% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

32nd percentile

0.10x

Higher debt load relative to revenue than 32% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

55th percentile

9.2%

Higher net margin than 55% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

25th percentile

$109,897

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

85th percentile

29%

Faster asset growth than 85% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

67th percentile

15%

Faster revenue growth than 67% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Up

$5,498,831

Up $1,244,384 (+29%) from 2021

Net Assets

Up

$4,460,803

Up $929,957 (+26%) from 2021

Liabilities

Up

$1,038,028

Up $314,427 (+43%) from 2021

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin55th percentile

Revenue

Up

$10,124,882

Up $1,332,732 (+15%) from 2021

Expenses

Up

$9,194,925

Up $1,422,401 (+18%) from 2021

Net Income

Down

$929,957

Down $89,669 (-8.8%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

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

$30M$20M$10M$0Assets 2011: $12,560,334Liabilities 2011: $10,839,420Net Assets 2011: $1,720,9142011Assets 2012: $14,365,018Liabilities 2012: $13,216,184Net Assets 2012: $1,148,8342012Assets 2013: $13,919,014Liabilities 2013: $13,233,091Net Assets 2013: $685,9232013Assets 2014: $1,497,777Liabilities 2014: $412,015Net Assets 2014: $1,085,7622014Assets 2015: $1,761,209Liabilities 2015: $412,101Net Assets 2015: $1,349,1082015Assets 2016: $1,713,699Liabilities 2016: $427,351Net Assets 2016: $1,286,3482016Assets 2017: $1,834,414Liabilities 2017: $359,641Net Assets 2017: $1,474,7732017Assets 2018: $2,048,263Liabilities 2018: $361,466Net Assets 2018: $1,686,7972018Assets 2019: $2,367,513Liabilities 2019: $450,020Net Assets 2019: $1,917,4932019Assets 2020: $2,912,965Liabilities 2020: $401,745Net Assets 2020: $2,511,2202020Assets 2021: $4,254,447Liabilities 2021: $723,601Net Assets 2021: $3,530,8462021Assets 2022: $5,498,831Liabilities 2022: $1,038,028Net Assets 2022: $4,460,8032022Assets 2023: $22,796,976Liabilities 2023: $17,226,880Net Assets 2023: $5,570,0962023Assets 2024: $22,015,712Liabilities 2024: $16,577,351Net Assets 2024: $5,438,3612024

Highlighted filing

2022

Assets$5,498,831
Liabilities$1,038,028
Net Assets$4,460,803
Open 2022 Filing

Operations Trend

Revenue Growth67th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $6,289,235Expenses 2011: $6,105,865Net Income 2011: $183,3702011Revenue 2012: $6,281,835Expenses 2012: $6,853,915Net Income 2012: -$572,0802012Revenue 2013: $6,715,490Expenses 2013: $7,148,665Net Income 2013: -$433,1752013Revenue 2014: $6,927,977Expenses 2014: $7,042,074Net Income 2014: -$114,0972014Revenue 2015: $7,435,340Expenses 2015: $7,188,961Net Income 2015: $246,3792015Revenue 2016: $7,132,020Expenses 2016: $7,194,780Net Income 2016: -$62,7602016Revenue 2017: $6,848,692Expenses 2017: $6,656,895Net Income 2017: $191,7972017Revenue 2018: $8,287,414Expenses 2018: $8,079,269Net Income 2018: $208,1452018Revenue 2019: $7,867,024Expenses 2019: $7,636,330Net Income 2019: $230,6942019Revenue 2020: $8,341,870Expenses 2020: $7,748,143Net Income 2020: $593,7272020Revenue 2021: $8,792,150Expenses 2021: $7,772,524Net Income 2021: $1,019,6262021Revenue 2022: $10,124,882Expenses 2022: $9,194,925Net Income 2022: $929,9572022Revenue 2023: $11,647,158Expenses 2023: $10,537,865Net Income 2023: $1,109,2932023Revenue 2024: $11,131,264Expenses 2024: $11,262,999Net Income 2024: -$131,7352024

Highlighted filing

2022

Revenue$10,124,882
Expenses$9,194,925
Net Income$929,957
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 26, 2023
Return Version
2021v4.2
Gross Receipts
$10,124,882
Mission and Program Overview

Mission

To prepare Students for College by creating an effective learning community of higher standards and expectations with a rigorous curriculum focusing on Science, Math and Technology.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,457,033$3,905,432▲ $448,399
Pledges and Grants Receivable$143,134$780,391▲ $637,257
Land, Buildings, and Equipment, Net$615,660$774,046▲ $158,386
Accounts Receivable-$23,174-
Prepaid Expenses and Deferred Charges$38,620$15,788▼ $22,832
Total Assets$4,254,447$5,498,831▲ $1,244,384
Liabilities
Accounts Payable and Accrued Expenses$723,601$888,916▲ $165,315
Deferred Revenue-$149,112-
Total Liabilities$723,601$1,038,028▲ $314,427
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,530,846$4,460,803▲ $929,957
Total Net Assets Fund Balance$3,530,846$4,460,803▲ $929,957
Total Liabilities and Net Assets / Fund Balance$4,254,447$5,498,831▲ $1,244,384

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$311,680$1,091,891$1,403,571
Other Land Buildings$247,044$1,110,891$1,357,935
Leasehold Improvements$215,322$262,788$478,110
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael a KuranPrincipalFT$90,848$19,049$109,897

Board Members and Trustees

NameTitle
Hanifi Tiryaki PhdPresident
Fatih Abasiyanik PhdBoard Member
Ferit Akova PhdBoard Member
Melad SheebaBoard Member
Betul Bilgin PhdSecretary
Volkan AkbasTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Concept SchoolsManagement Services1336 BASSWOOD RD, Schaumburg, IL 60173$993,490
Revenue and Support

Revenue Composition

Contributions and Grants
$1,845,300
Program Service Revenue
$8,224,129
Investment Income
$1,084
Other Revenue
$54,369
All Other Contributions
$341,095
Change in Net Assets
$929,957

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$189,978Fair Market Value (FMV)
Total Noncash Contributions1$189,978-

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,124,882
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$10,124,882
Total Revenue per Form 990
$10,124,882
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,937,871
Other Expenses$4,257,054
Total Fundraising Expense$134,028
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,862,594$877,862$76,336$3,816,792
Occupancy$1,243,097$382,431$33,174$1,658,702
Fees for Services Management-$993,490-$993,490
Other Employee Benefits$696,689$213,652$18,579$928,920
Fees for Services Other$409,774$307$38$410,119
Depreciation Depletion$219,364$12,829-$232,193
Advertising$131,683--$131,683
Current Officers, Directors, Trustees, and Key Employees$82,423$25,276$2,198$109,897
Other Expenses$67,518$28,936$46$96,454
Payroll Taxes$61,697$18,920$1,645$82,262
Information Technology$72,594--$72,594
All Other Expenses$59,656$10,289-$69,945
Office Expenses$35,094$15,433$964$51,491
Fees for Services Accounting$11,315$3,720$465$15,500
Fees for Services Legal$9,916$3,260$408$13,584
Travel$2,695$630$175$3,500
Total Functional Expenses$6,472,703$2,588,194$134,028$9,194,925

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,194,925
Total Expenses per Audited Statements$9,194,925
Total Expenses per Form 990$9,194,925
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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 35% controlled entity
No
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The academy has an annual management and consulting agreement with concept schools, inc. To provide an educational program and management and administrative services. The annual management fee is equal to 10% of the academy's total annual revenue. For the year ended june 30, 2022, the academy paid concept schools, inc. $993,490.”

Form 990, Part VI, Section B, Line 11B

“The principal carefully reviews the form 990 first, and then it is passed out to the governing body for approval before the form is filed.”

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

“The conflict of interest policy is in the staff handbook. The handbook is provided to all board members and employees annually. The board reviews all employees, and themselves, for potential conflicts of interest. Any potential conflicts of interest are handled on a case by case basis.”

Form 990, Part VI, Section B, Line 15

“First the principal determines appropriate compensation for each employee based on the criteria of: subject, certification, qualifications, eperience, peer salaries, and urgency in need to fill position. The board has the final approval for all salaries which are suggested by the principal.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, financial statements and tax returns available upon request.”

Filing and Contact Details

Filer

Filer Name
The Chicago Math & Science Academy
EIN
45-0532536
Phone
7737618960
Address
7212 N CLARK STREET, CHICAGO, IL 60626-2416

Signing Officer

Name
Angela Huls
Title
Principal
Phone
7737618960
Signed
2023-04-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angela Huls
Formed
2003
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
94
Volunteers
6

Preparer

Firm
Pkf Mueller Llp
Address
1707 N RANDALL ROAD, ELGIN, IL 60123
Preparer
Eleanor a Livingston CPA Mst
Phone
8478888600
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The academy has been determined to be exempt from income tax under section 501(c)(3) of the internal revenue code, and accordingly, no provision has been made for either federal or state income taxes. The academy evaluated the tax positions taken for all open tax years. Currently, the returns for the prior three fiscal years are open and subject to examination by the internal revenue service; however, the academy is not currently under audit nor has the academy been contacted by this jurisdiction. Based on the evaluation of the academy's tax positions, management believes all positions would be upheld under an examination; therefore, no provision for the effects of uncertain tax positions has been recorded for the year ended june 30, 2022.”

Raw XML AppendixShowing 400 of 457 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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IRS990/OfficeExpensesGrp/FundraisingAmt0964
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt015433
IRS990/OfficeExpensesGrp/ProgramServicesAmt035094
IRS990/OfficeExpensesGrp/TotalAmt051491
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt018579
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0213652
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0696689
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0928920
IRS990/OtherExpensesGrp/Desc0FOOD
IRS990/OtherExpensesGrp/Desc1SUPPLIES AND EQUIPMENT
IRS990/OtherExpensesGrp/Desc2EXTRA-CURRICULAR ACTIVI
IRS990/OtherExpensesGrp/Desc3PROFESSIONAL DEVELOPMEN
IRS990/OtherExpensesGrp/FundraisingAmt046
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01159
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt128936
IRS990/OtherExpensesGrp/ProgramServicesAmt0217608
IRS990/OtherExpensesGrp/ProgramServicesAmt1179703
IRS990/OtherExpensesGrp/ProgramServicesAmt2109283
IRS990/OtherExpensesGrp/ProgramServicesAmt367518
IRS990/OtherExpensesGrp/TotalAmt0217608
IRS990/OtherExpensesGrp/TotalAmt1180908
IRS990/OtherExpensesGrp/TotalAmt2109283
IRS990/OtherExpensesGrp/TotalAmt396454
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt025091
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt025091
IRS990/OtherRevenueTotalAmt025091
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt076336
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0877862
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02862594
IRS990/OtherSalariesAndWagesGrp/TotalAmt03816792
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01645
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt018920
IRS990/PayrollTaxesGrp/ProgramServicesAmt061697
IRS990/PayrollTaxesGrp/TotalAmt082262
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0143134
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0780391
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt038620
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015788
IRS990/PrincipalOfficerNm0ANGELA HULS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0PER CAPITA TUITION
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT FEES & ACTIVITIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08172689
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt151440
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08172689
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt151440
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt08761782
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0498
IRS990/PYOtherExpensesAmt03360363
IRS990/PYOtherRevenueAmt017991
IRS990/PYProgramServiceRevenueAmt011879
IRS990/PYRevenuesLessExpensesAmt01019626
IRS990/PYSalariesCompEmpBnftPaidAmt04412161
IRS990/PYTotalExpensesAmt07772524
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08792150
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0929957
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt029278
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt08224129
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0311680
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01091891
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01403571
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt09194925
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0215322
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0262788
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0478110
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0247044
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01110891
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01357935
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt010124882
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY HAS BEEN DETERMINED TO BE EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR EITHER FEDERAL OR STATE INCOME TAXES. THE ACADEMY EVALUATED THE TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS. CURRENTLY, THE RETURNS FOR THE PRIOR THREE FISCAL YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE; HOWEVER, THE ACADEMY IS NOT CURRENTLY UNDER AUDIT NOR HAS THE ACADEMY BEEN CONTACTED BY THIS JURISDICTION. BASED ON THE EVALUATION OF THE ACADEMY'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS WOULD BE UPHELD UNDER AN EXAMINATION; THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEAR ENDED JUNE 30, 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0774046
IRS990ScheduleD/TotalExpensesPerForm990Amt09194925
IRS990ScheduleD/TotalRevenuePerForm990Amt010124882
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010124882
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09194925
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NONDISCRIMINATION POLICY IS INCLUDED IN ADVERTISING AND NEWS RELEASES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0LUNCH PROGRAM
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0189978
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0NUMBER OF DONORS
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, COLUMN (B):
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY HAS AN ANNUAL MANAGEMENT AND CONSULTING AGREEMENT WITH CONCEPT SCHOOLS, INC. TO PROVIDE AN EDUCATIONAL PROGRAM AND MANAGEMENT AND ADMINISTRATIVE SERVICES. THE ANNUAL MANAGEMENT FEE IS EQUAL TO 10% OF THE ACADEMY'S TOTAL ANNUAL REVENUE. FOR THE YEAR ENDED JUNE 30, 2022, THE ACADEMY PAID CONCEPT SCHOOLS, INC. $993,490.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRINCIPAL CAREFULLY REVIEWS THE FORM 990 FIRST, AND THEN IT IS PASSED OUT TO THE GOVERNING BODY FOR APPROVAL BEFORE THE FORM IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS IN THE STAFF HANDBOOK. THE HANDBOOK IS PROVIDED TO ALL BOARD MEMBERS AND EMPLOYEES ANNUALLY. THE BOARD REVIEWS ALL EMPLOYEES, AND THEMSELVES, FOR POTENTIAL CONFLICTS OF INTEREST. ANY POTENTIAL CONFLICTS OF INTEREST ARE HANDLED ON A CASE BY CASE BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FIRST THE PRINCIPAL DETERMINES APPROPRIATE COMPENSATION FOR EACH EMPLOYEE BASED ON THE CRITERIA OF: SUBJECT, CERTIFICATION, QUALIFICATIONS, EPERIENCE, PEER SALARIES, AND URGENCY IN NEED TO FILL POSITION. THE BOARD HAS THE FINAL APPROVAL FOR ALL SALARIES WHICH ARE SUGGESTED BY THE PRINCIPAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND TAX RETURNS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04254447
IRS990/TotalAssetsEOYAmt05498831
IRS990/TotalAssetsGrp/BOYAmt04254447
IRS990/TotalAssetsGrp/EOYAmt05498831
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01845300
IRS990/TotalEmployeeCnt094
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0134028
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02588194
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06472703
IRS990/TotalFunctionalExpensesGrp/TotalAmt09194925
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0723601
IRS990/TotalLiabilitiesEOYAmt01038028
IRS990/TotalLiabilitiesGrp/BOYAmt0723601
IRS990/TotalLiabilitiesGrp/EOYAmt01038028
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03530846
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04460803
IRS990/TotalOtherCompensationAmt019049
IRS990/TotalProgramServiceExpensesAmt06472703
IRS990/TotalProgramServiceRevenueAmt08224129
IRS990/TotalReportableCompFromOrgAmt090848
IRS990/TotalRevenueGrp/ExclusionAmt055453

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,498,831
Liabilities
$1,038,028
Net assets
$4,460,803
Revenue
$10,124,882
Expenses
$9,194,925
Net income
$929,957
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$22.0$16.6$5.44$11.1$11.3$0.13
2023Detailed filing. Detailed filing data is available for this year.$22.8$17.2$5.57$11.6$10.5$1.11
2022Detailed filing. Detailed filing data is available for this year.$5.50$1.04$4.46$10.1$9.19$0.93
2021Detailed filing. Detailed filing data is available for this year.$4.25$0.72$3.53$8.79$7.77$1.02
2020Detailed filing. Detailed filing data is available for this year.$2.91$0.40$2.51$8.34$7.75$0.59
2019Summary only. Only limited summary data is available for this year.$2.37$0.45$1.92$7.87$7.64$0.23
2018Summary only. Only limited summary data is available for this year.$2.05$0.36$1.69$8.29$8.08$0.21
2017Summary only. Only limited summary data is available for this year.$1.83$0.36$1.47$6.85$6.66$0.19
2016Summary only. Only limited summary data is available for this year.$1.71$0.43$1.29$7.13$7.19$0.06
2015Summary only. Only limited summary data is available for this year.$1.76$0.41$1.35$7.44$7.19$0.25
2014Summary only. Only limited summary data is available for this year.$1.50$0.41$1.09$6.93$7.04$0.11
2013Summary only. Only limited summary data is available for this year.$13.9$13.2$0.69$6.72$7.15$0.43
2012Summary only. Only limited summary data is available for this year.$14.4$13.2$1.15$6.28$6.85$0.57
2011Summary only. Only limited summary data is available for this year.$12.6$10.8$1.72$6.29$6.11$0.18