Civic Intelligence

Chicago Mathematics and Science Academy Charter School Inc.

990 • Fiscal year 2023 • EIN 45-0532536

Jul 01, 2022 to Jun 30, 2023 • Filed on May 03, 2024

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

86th percentile

0.76x

Higher debt load relative to assets than 86% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

85th percentile

1.48x

Higher debt load relative to revenue than 85% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

62nd percentile

9.5%

Higher net margin than 62% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

32nd percentile

$133,571

Higher top officer pay than 32% of similar nonprofits.

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

99th percentile

315%

Faster asset growth than 99% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

67th percentile

15%

Faster revenue growth than 67% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$22,796,976

Up $17,298,145 (+315%) from 2022

Net Assets

Up

$5,570,096

Up $1,109,293 (+25%) from 2022

Liabilities

Up

$17,226,880

Up $16,188,852 (+1560%) from 2022

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin62nd percentile

Revenue

Up

$11,647,158

Up $1,522,276 (+15%) from 2022

Expenses

Up

$10,537,865

Up $1,342,940 (+15%) from 2022

Net Income

Up

$1,109,293

Up $179,336 (+19%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth99th 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

2023

Assets$22,796,976
Liabilities$17,226,880
Net Assets$5,570,096
Open 2023 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

2023

Revenue$11,647,158
Expenses$10,537,865
Net Income$1,109,293
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 3, 2024
Return Version
2022v5.0
Gross Receipts
$11,647,158
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$3,905,432$3,347,398▼ $558,034
Land, Buildings, and Equipment, Net$774,046$1,577,702▲ $803,656
Pledges and Grants Receivable$780,391$1,574,140▲ $793,749
Prepaid Expenses and Deferred Charges$15,788$85,577▲ $69,789
Accounts Receivable$23,174--
Total Assets$5,498,831$22,796,976▲ $17,298,145
Other Assets Total$0$16,212,159▲ $16,212,159
Liabilities
Other Liabilities$0$16,214,482▲ $16,214,482
Accounts Payable and Accrued Expenses$888,916$1,012,398▲ $123,482
Deferred Revenue$149,112--
Total Liabilities$1,038,028$17,226,880▲ $16,188,852
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,460,803$5,528,783▲ $1,067,980
Net Assets With Donor Restrictions-$41,313-
Total Net Assets Fund Balance$4,460,803$5,570,096▲ $1,109,293
Total Liabilities and Net Assets / Fund Balance$5,498,831$22,796,976▲ $17,298,145

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,206,904$383,432$1,590,336
Equipment$229,684$1,203,599$1,433,283
Other Land Buildings$141,114$1,158,869$1,299,983
Other Assets Org$16,212,159--
Compensation and Service Providers
Top Officer Pay32nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Angela HulsPrincipalFT$112,083$21,488$133,571

Board Members and Trustees

NameTitle
Hanifi Tiryaki PhdPresident
Ercan YatkinBoard Member
Ferit AkovaBoard Member
Huseyin KayaBoard Member
Ilham MohammedParent Representative

Highest Paid Contractors

ContractorServicesLocationCompensation
Concept Schools INCManagement Services1336 BASSWOOD RD, Schaumburg, IL 60173$1,008,844
Revenue and Support

Revenue Composition

Contributions and Grants
$2,814,668
Program Service Revenue
$8,752,230
Investment Income
$43,369
Other Revenue
$36,891
All Other Contributions
$331,915
Change in Net Assets
$1,109,293

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$192,319Fair Market Value (FMV)
Total Noncash Contributions1$192,319-

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,647,158
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$11,647,158
Total Revenue per Form 990
$11,647,158
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,024,488
Other Expenses$4,513,377
Total Fundraising Expense$154,394
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,463,293$1,062,076$92,354$4,617,723
Occupancy$1,159,830$356,596$30,948$1,547,374
Other Employee Benefits$878,202$269,316$23,419$1,170,937
Fees for Services Management-$1,008,844-$1,008,844
Fees for Services Other$427,580$3,001$375$430,956
Depreciation Depletion$280,330--$280,330
Current Officers, Directors, Trustees, and Key Employees$100,178$30,721$2,671$133,570
All Other Expenses$106,738$10,297-$117,035
Advertising$110,799--$110,799
Payroll Taxes$76,694$23,519$2,045$102,258
Information Technology$62,470--$62,470
Office Expenses$37,113$16,414$1,019$54,546
Insurance$34,679$11,560-$46,239
Other Expenses$31,186$13,366$120$44,552
Fees for Services Accounting$17,885$5,880$735$24,500
Travel$7,966$1,862$517$10,345
Fees for Services Legal$4,649$1,529$191$6,369
Total Functional Expenses$7,565,497$2,817,974$154,394$10,537,865

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,537,865
Total Expenses per Audited Statements$10,537,865
Total Expenses per Form 990$10,537,865
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Obligation Under Operating Lease$16,214,482
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 8% of the academy's total annual revenue. For the year ended june 30, 2023, the academy paid concept schools, inc. $1,008,844.”

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, experience, 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
2024-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angela Huls
Formed
2003
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
90
Volunteers
5

Preparer

Firm
Cherry Bekaert Advisory LLC
Address
200 W ADAMS STREET STE 2015, CHICAGO, IL 60606
Preparer
Eleanor a Livingston CPA Mst
Phone
3123462191
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, 2023.”

Raw XML AppendixShowing 400 of 464 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/OccupancyGrp/FundraisingAmt030948
IRS990/OccupancyGrp/ManagementAndGeneralAmt0356596
IRS990/OccupancyGrp/ProgramServicesAmt01159830
IRS990/OccupancyGrp/TotalAmt01547374
IRS990/OfficeExpensesGrp/FundraisingAmt01019
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt016414
IRS990/OfficeExpensesGrp/ProgramServicesAmt037113
IRS990/OfficeExpensesGrp/TotalAmt054546
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt016212159
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt023419
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0269316
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0878202
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01170937
IRS990/OtherExpensesGrp/Desc0SUPPLIES AND EQUIPMENT
IRS990/OtherExpensesGrp/Desc1FOOD
IRS990/OtherExpensesGrp/Desc2EXTRA-CURRICULAR ACTIVI
IRS990/OtherExpensesGrp/Desc3PROFESSIONAL DEVELOPMEN
IRS990/OtherExpensesGrp/FundraisingAmt0120
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02993
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt113366
IRS990/OtherExpensesGrp/ProgramServicesAmt0334237
IRS990/OtherExpensesGrp/ProgramServicesAmt1222537
IRS990/OtherExpensesGrp/ProgramServicesAmt2209131
IRS990/OtherExpensesGrp/ProgramServicesAmt331186
IRS990/OtherExpensesGrp/TotalAmt0337350
IRS990/OtherExpensesGrp/TotalAmt1222537
IRS990/OtherExpensesGrp/TotalAmt2209131
IRS990/OtherExpensesGrp/TotalAmt344552
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt016214482
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt015424
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt015424
IRS990/OtherRevenueTotalAmt015424
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt092354
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01062076
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03463293
IRS990/OtherSalariesAndWagesGrp/TotalAmt04617723
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02045
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt023519
IRS990/PayrollTaxesGrp/ProgramServicesAmt076694
IRS990/PayrollTaxesGrp/TotalAmt0102258
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0780391
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01574140
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015788
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt085577
IRS990/PrincipalOfficerNm0ANGELA HULS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0PER CAPITA TUITION
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT FEES & ACTIVITIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08689183
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt163047
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08689183
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt163047
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01845300
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01084
IRS990/PYOtherExpensesAmt04257054
IRS990/PYOtherRevenueAmt054369
IRS990/PYProgramServiceRevenueAmt08224129
IRS990/PYRevenuesLessExpensesAmt0929957
IRS990/PYSalariesCompEmpBnftPaidAmt04937871
IRS990/PYTotalExpensesAmt09194925
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010124882
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01109293
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt021467
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt08752230
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/BookValueAmt0229684
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01203599
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01433283
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt010537865
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01206904
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0383432
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01590336
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt016212159
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT OF USE ASSETS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0141114
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01158869
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01299983
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt016214482
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OBLIGATION UNDER OPERATING LEASE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt011647158
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, 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01577702
IRS990ScheduleD/TotalBookValueOtherAssetsAmt016212159
IRS990ScheduleD/TotalExpensesPerForm990Amt010537865
IRS990ScheduleD/TotalLiabilityAmt016214482
IRS990ScheduleD/TotalRevenuePerForm990Amt011647158
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011647158
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010537865
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/Form8283ReceivedCnt00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0LUNCH PROGRAM
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0192319
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 8% OF THE ACADEMY'S TOTAL ANNUAL REVENUE. FOR THE YEAR ENDED JUNE 30, 2023, THE ACADEMY PAID CONCEPT SCHOOLS, INC. $1,008,844.
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, EXPERIENCE, 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/TotalAssetsBOYAmt05498831
IRS990/TotalAssetsEOYAmt022796976
IRS990/TotalAssetsGrp/BOYAmt05498831
IRS990/TotalAssetsGrp/EOYAmt022796976
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02814668
IRS990/TotalEmployeeCnt090
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0154394
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02817974
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt07565497
IRS990/TotalFunctionalExpensesGrp/TotalAmt010537865
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01038028
IRS990/TotalLiabilitiesEOYAmt017226880
IRS990/TotalLiabilitiesGrp/BOYAmt01038028
IRS990/TotalLiabilitiesGrp/EOYAmt017226880

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,796,976
Liabilities
$17,226,880
Net assets
$5,570,096
Revenue
$11,647,158
Expenses
$10,537,865
Net income
$1,109,293
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