Civic Intelligence

Wheaton Academy Foundation

990 • Fiscal year 2016 • EIN 46-0944215

Aug 01, 2015 to Jul 31, 2016 • Filed on Jun 05, 2017

900 Prince Crossing RoadWest Chicago, IL 60185

(630) 562-7500

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

39th percentile

-0.7%

Higher net margin than 39% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

35th percentile

-2.0%

Faster asset growth than 35% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

12th percentile

-27%

Faster revenue growth than 12% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$2,037,254

Down $42,407 (-2.0%) from 2015

Net Assets

Down

$2,037,254

Down $37,506 (-1.8%) from 2015

Liabilities

Down

$0

Down $4,901 (-100%) from 2015

Revenue

Down

$77,441

Down $28,841 (-27%) from 2015

Expenses

Down

$77,994

Down $5,163 (-6.2%) from 2015

Net Income

Down

-$553

Down $23,678 (-102%) from 2015

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2014: $2,043,430Liabilities 2014: $53,010Net Assets 2014: $1,990,4202014Assets 2015: $2,079,661Liabilities 2015: $4,901Net Assets 2015: $2,074,7602015Assets 2016: $2,037,254Liabilities 2016: $0Net Assets 2016: $2,037,2542016Assets 2017: $2,244,745Liabilities 2017: $0Net Assets 2017: $2,244,7452017Assets 2018: $2,400,427Liabilities 2018: $0Net Assets 2018: $2,400,4272018Assets 2019: $2,925,756Liabilities 2019: $0Net Assets 2019: $2,925,7562019Assets 2020: $3,243,479Liabilities 2020: $66,832Net Assets 2020: $3,176,6472020Assets 2024: $4,464,551Liabilities 2024: $66,015Net Assets 2024: $4,398,5362024

Highlighted filing

2016

Assets$2,037,254
Liabilities$0
Net Assets$2,037,254

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2014: $96,152Expenses 2014: $60,880Net Income 2014: $35,2722014Revenue 2015: $106,282Expenses 2015: $83,157Net Income 2015: $23,1252015Revenue 2016: $77,441Expenses 2016: $77,994Net Income 2016: -$5532016Revenue 2017: $76,209Expenses 2017: $90,574Net Income 2017: -$14,3652017Revenue 2018: $101,305Expenses 2018: $89,788Net Income 2018: $11,5172018Revenue 2019: $116,114Expenses 2019: $88,340Net Income 2019: $27,7742019Revenue 2020: $179,011Expenses 2020: $94,278Net Income 2020: $84,7332020Revenue 2024: $554,939Expenses 2024: $221,607Net Income 2024: $333,3322024

Highlighted filing

2016

Revenue$77,441
Expenses$77,994
Net Income-$553
Jump To
Filing Snapshot
Filing Period
Aug 1, 2015 to Jul 31, 2016
Signed
Jun 5, 2017
Return Version
2015v3.0
Gross Receipts
$77,441
Mission and Program Overview

Mission

To hold and manage endowment investments to provide ongoing support to Wheaton Academy's mission and programs.

Support or benefit of wheaton academy

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,917,810$1,878,831▼ $38,979
Cash and Non-Interest-Bearing Accounts$89,849$83,260▼ $6,589
Total Assets$2,079,661$2,037,254▼ $42,407
Other Assets Total$72,002$75,163▲ $3,161
Liabilities
Other Liabilities$4,901$0▼ $4,901
Total Liabilities$4,901$0▼ $4,901
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,512,482$1,554,823▲ $42,341
Temporarily Rstr Net Assets$511,407$429,534▼ $81,873
Unrestricted Net Assets$50,871$52,897▲ $2,026
Total Net Assets Fund Balance$2,074,760$2,037,254▼ $37,506
Total Liabilities and Net Assets / Fund Balance$2,079,661$2,037,254▼ $42,407

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$2,023,889$42,341▼ $3,879-$1,984,357
2015$1,945,603$71,837▲ $93,686-$2,023,889
2014$1,774,368$62,160▲ $165,875-$1,945,603
2013-$1,687,189▲ $118,746-$1,774,368
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carl HassChairman
Ginger JohnsonVice-chairman
Chris LesnerDirector
David MooreDirector
Gary FranzDirector
Kevin ToddDirector
Randon RennDirector
Robert McdonellDirector
T D DeckerDirector
Kathryn RobinSecretary
David KohlmeyerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$42,341
Program Service Revenue
$0
Investment Income
$35,100
Other Revenue
$0
All Other Contributions
$42,341
Change in Net Assets
$-553

Audited Revenue Reconciliation

Revenue per Audited Statements
$69,986
Revenue Not Reported on Financial Statements
$7,455
Revenue Not Reported on Form 990
$-36,953
Total Revenue per Audited Statements
$33,033
Total Revenue per Form 990
$77,441
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$61,918
Other Expenses$16,076
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$61,918--$61,918
Other Expenses-$8,621-$8,621
Fees for Service Investment Mgmnt Fees-$7,455-$7,455
Total Functional Expenses$61,918$16,076$0$77,994

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$77,994
Expenses per Audited Statements$70,539
Total Expenses per Audited Statements$70,539
Expenses Not Reported on Financial Statements$7,455
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Wheaton AcademyWest Chicago, IL501(c)(3)Scholarships$61,918
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

Completed copy of form 990 is emailed to board members for review on their time. Any questions that arise are resolved.

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

The foundation is very sensitive to any conflict of interest infringments and has expectations that members will have the integrity not to enter into any investment that personally benefit them or a close friend/relative.

Form 990, Part VI, Section C, Line 19

All governing documents are made available upon request via email or hard copy.

Filing and Contact Details

Filer

Filer Name
Wheaton Academy Foundation
EIN
46-0944215
Phone
6305627500
Address
900 PRINCE CROSSING ROAD, WEST CHICAGO, IL 60185

Signing Officer

Name
Carl Hass
Title
Chairman
Phone
6305627500
Signed
2017-06-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carl Hass
Formed
2012
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
DUGAN & LOPATKA CPA'S PC
Address
104 E ROOSEVELT ROAD SUITE 102, WHEATON, IL 60187-5267
Preparer
Mark Schultz
Phone
6306654440
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Increase in cash surrender value 2,026.

FORM 990, PART XII, LINE 2C:

This process has not changed from previous years.

Financial Statement Notes

PART V, LINE 4:

The foundation has a policy of appropriating for distribution, each year, current income for scholarships as directed by the finance committee.

PART X, LINE 2:

The foundation files income tax returns in the u.s. Federal jurisdiction and illinois. With few exceptions, the foundation is no longer subject to u.s. Federal, state and local, or non-u.s. Income tax examinations by tax authorities for years before 2013. The foundation does not expect a material net change in unrecognized tax benefits in the next twelve months.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Increase in cash surrender value 2,026.

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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/ScheduleBRequiredInd01
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IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02023889
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt042341
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01984357
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt061918
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-3879
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt016701
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01945603
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt071837
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02023889
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt070536
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt093686
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt07870
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01774368
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt062160
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01945603
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt048930
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0165875
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01687189
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01774368
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt031567
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0118746
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt07455
IRS990ScheduleD/ExpensesSubtotalAmt070539
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt07455
IRS990ScheduleD/InvestmentExpensesNotIncldAmt07455
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-38979
IRS990ScheduleD/OtherRevenueAmt02026
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.78000
IRS990ScheduleD/RevenueNotReportedAmt0-36953
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt07455
IRS990ScheduleD/RevenueSubtotalAmt069986
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION, EACH YEAR, CURRENT INCOME FOR SCHOLARSHIPS AS DIRECTED BY THE FINANCE COMMITTEE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND ILLINOIS. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL, OR NON-U.S. INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2013. THE FOUNDATION DOES NOT EXPECT A MATERIAL NET CHANGE IN UNRECOGNIZED TAX BENEFITS IN THE NEXT TWELVE MONTHS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2INCREASE IN CASH SURRENDER VALUE 2,026.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.22000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt077994
IRS990ScheduleD/TotalRevenuePerForm990Amt077441
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt033033
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt070539
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt061918
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WHEATON ACADEMY
IRS990ScheduleI/RecipientTable/RecipientEIN0362388793
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0900 PRINCE CROSSING
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WEST CHICAGO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd060185
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE SCHOLARSHIPS ARE DETERMINED BY A COMMITTEE MADE UP OF WHEATON ACADEMY PERSONNEL. APPLICANTS APPLY AND ARE AWARDED BY THIS COMMITTEE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COMPLETED COPY OF FORM 990 IS EMAILED TO BOARD MEMBERS FOR REVIEW ON THEIR TIME. ANY QUESTIONS THAT ARISE ARE RESOLVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION IS VERY SENSITIVE TO ANY CONFLICT OF INTEREST INFRINGMENTS AND HAS EXPECTATIONS THAT MEMBERS WILL HAVE THE INTEGRITY NOT TO ENTER INTO ANY INVESTMENT THAT PERSONALLY BENEFIT THEM OR A CLOSE FRIEND/RELATIVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST VIA EMAIL OR HARD COPY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INCREASE IN CASH SURRENDER VALUE 2,026.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THIS PROCESS HAS NOT CHANGED FROM PREVIOUS YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd11
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0WHEATON ACADEMY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0WHEATON ACADEMY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1WHEATON ACADEMY INSTITUTE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0362388793
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1474967070
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0OPERATION OF ACCREDITED HIGH SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1OPERATING AN INTERNATIONAL STUDENT PROGRAM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 11A, I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0900 PRINCE CROSSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1900 PRINCE CROSSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WEST CHICAGO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1WEST CHICAGO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd060185
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd160185
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0511407
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0429534
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00

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