Civic Intelligence

Great Lakes Academy Inc.

990 • Fiscal year 2016 • EIN 46-1862158

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 09, 2017

Organization Profilewww.glachicago.org
8401 South SaginawChicago, IL 60617

(773) 530-3040

Siviq Scores

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

Liabilities / Assets

80th percentile

0.52x

Higher debt load relative to assets than 80% of similar nonprofits.

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

Liabilities / Revenue

74th percentile

0.41x

Higher debt load relative to revenue than 74% of similar nonprofits.

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

Net Margin

80th percentile

20%

Higher net margin than 80% of similar nonprofits.

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

Top Officer Pay

84th percentile

$150,514

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

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

Asset Growth

90th percentile

43%

Faster asset growth than 90% of similar nonprofits.

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

Revenue Growth

91st percentile

62%

Faster revenue growth than 91% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets80th percentile

Assets

Flat

$2,414,421

Flat from 2016

Net Assets

Flat

$1,149,163

Flat from 2016

Liabilities

Flat

$1,265,258

Flat from 2016

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin80th percentile

Revenue

Flat

$3,060,728

Flat from 2016

Expenses

Flat

$2,459,895

Flat from 2016

Net Income

Flat

$600,833

Flat from 2016

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

$15M$10M$5.0M$0Assets 2014: $448,001Liabilities 2014: $12,486Net Assets 2014: $435,5152014Assets 2015: $1,692,937Liabilities 2015: $1,144,607Net Assets 2015: $548,3302015Assets 2016: $2,414,421Liabilities 2016: $1,265,258Net Assets 2016: $1,149,1632016Assets 2016: $2,414,421Liabilities 2016: $1,265,258Net Assets 2016: $1,149,1632016Assets 2017: $2,609,191Liabilities 2017: $1,242,483Net Assets 2017: $1,366,7082017Assets 2018: $3,356,775Liabilities 2018: $1,343,598Net Assets 2018: $2,013,1772018Assets 2019: $3,859,600Liabilities 2019: $1,276,672Net Assets 2019: $2,582,9282019Assets 2020: $4,275,450Liabilities 2020: $2,544,992Net Assets 2020: $1,730,4582020Assets 2021: $11,871,193Liabilities 2021: $6,632,925Net Assets 2021: $5,238,2682021Assets 2022: $12,933,457Liabilities 2022: $6,451,400Net Assets 2022: $6,482,0572022Assets 2023: $13,304,166Liabilities 2023: $6,660,789Net Assets 2023: $6,643,3772023Assets 2024: $13,666,457Liabilities 2024: $6,574,914Net Assets 2024: $7,091,5432024

Highlighted filing

2016

Assets$2,414,421
Liabilities$1,265,258
Net Assets$1,149,163
Open 2016 Filing

Operations Trend

Revenue Growth91st percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2014: $675,190Expenses 2014: $239,675Net Income 2014: $435,5152014Revenue 2015: $1,894,864Expenses 2015: $1,782,049Net Income 2015: $112,8152015Revenue 2016: $3,060,728Expenses 2016: $2,459,895Net Income 2016: $600,8332016Revenue 2016: $3,060,728Expenses 2016: $2,459,895Net Income 2016: $600,8332016Revenue 2017: $3,031,273Expenses 2017: $2,813,728Net Income 2017: $217,5452017Revenue 2018: $3,891,262Expenses 2018: $3,244,793Net Income 2018: $646,4692018Revenue 2019: $4,648,380Expenses 2019: $4,078,629Net Income 2019: $569,7512019Revenue 2020: $3,885,959Expenses 2020: $4,738,429Net Income 2020: -$852,4702020Revenue 2021: $11,522,034Expenses 2021: $5,350,685Net Income 2021: $6,171,3492021Revenue 2022: $9,002,608Expenses 2022: $8,151,361Net Income 2022: $851,2472022Revenue 2023: $9,019,880Expenses 2023: $8,993,988Net Income 2023: $25,8922023Revenue 2024: $10,523,096Expenses 2024: $9,951,028Net Income 2024: $572,0682024

Highlighted filing

2016

Revenue$3,060,728
Expenses$2,459,895
Net Income$600,833
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 9, 2017
Return Version
2015v3.0
Gross Receipts
$3,080,960
Mission and Program Overview

Mission

To prepare all of our students with the fundamental academic skills, critical thinking ability, and strength of character to excel in high school, college, and a career of their choice. We empowerall of our students with the education today that they will need to change the world tomorrow.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,074,436$1,189,540▲ $115,104
Cash and Non-Interest-Bearing Accounts$547,574$857,962▲ $310,388
Accounts Receivable$40,000$337,570▲ $297,570
Prepaid Expenses and Deferred Charges$20,921$19,338▼ $1,583
Savings and Temporary Cash Investments$10,006$10,011▲ $5
Total Assets$1,692,937$2,414,421▲ $721,484
Liabilities
Mortgage Notes Payable Secured by Investment Property$943,657$904,148▼ $39,509
Accounts Payable and Accrued Expenses$87,540$177,104▲ $89,564
Other Liabilities$113,410$175,069▲ $61,659
Deferred Revenue-$8,937-
Total Liabilities$1,144,607$1,265,258▲ $120,651
Net Assets / Fund Balance
Unrestricted Net Assets$548,330$980,163▲ $431,833
Temporarily Rstr Net Assets-$169,000-
Total Net Assets Fund Balance$548,330$1,149,163▲ $600,833
Total Liabilities and Net Assets / Fund Balance$1,692,937$2,414,421▲ $721,484

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,140,679$124,650$1,265,329
Equipment$48,861$22,601$71,462
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Katherine Myers-crumExecutive DirectorFT$145,569$4,945$150,514
Krystle KimDirector of OperationsFT$71,785$2,000$73,785
Katherine Menendez CherrySecretary - Term-$8,197-$8,197

Board Members and Trustees

NameTitle
Steve KrausPresident
Aparupa BhattacharyaVice President
Brian KatesBoard Member
Butch TrustyBoard Member
Josh AckermanBoard Member
Ken TsangBoard Member
Annette MooreSecretary
Chris HoyesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,007,518
Program Service Revenue
$5,108
Investment Income
$0
Other Revenue
$48,102
All Other Contributions
$720,568
Change in Net Assets
$600,833

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,060,728
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$142,847
Total Revenue per Audited Statements
$3,203,575
Total Revenue per Form 990
$3,060,728
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,564,667
Other Expenses$895,228
Total Fundraising Expense$16,202
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,044,037$85,362$15,000$1,144,399
Office Expenses$206,177$22,243-$228,420
Comp Disqual Persons$100,917$84,911-$185,828
Occupancy$155,385$17,400-$172,785
Depreciation Depletion$88,456$9,828-$98,284
Payroll Taxes$55,629$30,337$1,146$87,112
Other Employee Benefits$64,506$11,291-$75,797
Pension Plan Contributions$58,185$13,346-$71,531
Interest$53,115$5,902-$59,017
Information Technology$37,285$275-$37,560
Insurance$30,644$3,561$56$34,261
Fees for Services Other$22,838$8,361-$31,199
Other Expenses$18,365$16,838-$18,365
Fees for Services Accounting-$14,924-$14,924
All Other Expenses$1,678$9,456-$11,134
Fees for Services Legal$2,595--$2,595
Fees for Services Management-$799-$799
Total Functional Expenses$2,108,859$334,834$16,202$2,459,895

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,602,742
Expenses per Audited Statements$2,459,895
Total Expenses per Form 990$2,459,895
Expenses Not Reported on Form 990$142,847
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$55,624
Fundraising Direct Expenses$20,232
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraisier #2$112,019$38,261$5,572$32,689
Fundraiser #1$21,272$17,363$1,291$16,072
Total Events$149,398$55,624$20,232$35,392
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$175,069
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
Yes
Other officer compensation reviewed
No
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 A, line 8B

“There are no committees that have been created with the authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, line 11

“Form 990 is presented to the board of directors. Board members review and provide comments and feedback regarding the document. The board then approves submission of form 990 assuming all changes (if any) are made.”

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

“All board members sign a conflict of interest policy and get training annually on the policy. The staff signs a handbook that includes a conflict of interest policy.”

Form 990, Part VI, Section B, line 15A

“The compensation for all employees was reviewed and approved by the board of directors.”

Form 990, Part VI, Section C, line 19

“Great lakes academy is subject to the open meetings act and the freedom of information act. All documents are available to the public upon request in addition to providing chicago public schools with these documents.”

Filing and Contact Details

Filer

Filer Name
Great Lakes Academy Inc
EIN
46-1862158
Phone
7735303040
Address
8401 SOUTH SAGINAW, CHICAGO, IL 60617

Signing Officer

Name
Katherine Myers-crum
Title
Executive Director
Phone
7735303040
Signed
2017-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katherine Myers-crum
Formed
2013
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
8
Employees
31
Volunteers
155

Preparer

Firm
Ostrow Reisin Berk & Abrams Ltd
Address
455 N Cityfront Plaza Dr Suite 1500, Chicago, IL 60611
Preparer
James G Quaid
Phone
3126707444
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“The school is a tax-exempt organization as described in section 501(c)(3) of the internal revenue code (the code) and is exempt from federal income taxes on related income pursuant to section 501(a) of the code. In addition, the internal revenue service (irs) has determined that the school is not a private foundation within the meaning of section 509(a) of the code. The school has adopted the requirements for accounting for uncertain tax positions and management has determined that the school was not required to record a liability related to uncertain tax positions as of june 30, 2016 and 2015.”

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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PREPARE ALL OF OUR STUDENTS WITH THE FUNDAMENTAL ACADEMIC SKILLS, CRITICAL THINKING ABILITY, AND STRENGTH OF CHARACTER TO EXCEL IN HIGH SCHOOL, COLLEGE, AND A CAREER OF THEIR CHOICE. WE EMPOWERALL OF OUR STUDENTS WITH THE EDUCATION TODAY THAT THEY WILL NEED TO CHANGE THE WORLD TOMORROW.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0943657
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0904148
IRS990/NetAssetsOrFundBalancesBOYAmt0548330
IRS990/NetAssetsOrFundBalancesEOYAmt01149163
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt035392
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt035392
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt017400
IRS990/OccupancyGrp/ProgramServicesAmt0155385
IRS990/OccupancyGrp/TotalAmt0172785
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt022243
IRS990/OfficeExpensesGrp/ProgramServicesAmt0206177
IRS990/OfficeExpensesGrp/TotalAmt0228420
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt011291
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt064506
IRS990/OtherEmployeeBenefitsGrp/TotalAmt075797
IRS990/OtherExpensesGrp/Desc0STUDENT ACTIVITIES
IRS990/OtherExpensesGrp/Desc1PROF DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2CPS ADMIN FEE
IRS990/OtherExpensesGrp/Desc3EDUCATIONAL MATERIALS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt016838
IRS990/OtherExpensesGrp/ProgramServicesAmt072094
IRS990/OtherExpensesGrp/ProgramServicesAmt145134
IRS990/OtherExpensesGrp/ProgramServicesAmt251819
IRS990/OtherExpensesGrp/ProgramServicesAmt318365
IRS990/OtherExpensesGrp/TotalAmt072094
IRS990/OtherExpensesGrp/TotalAmt161972
IRS990/OtherExpensesGrp/TotalAmt251819
IRS990/OtherExpensesGrp/TotalAmt318365
IRS990/OtherLiabilitiesGrp/BOYAmt0113410
IRS990/OtherLiabilitiesGrp/EOYAmt0175069
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt012710
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt012710
IRS990/OtherRevenueTotalAmt012710
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt015000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt085362
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01044037
IRS990/OtherSalariesAndWagesGrp/TotalAmt01144399
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01146
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt030337
IRS990/PayrollTaxesGrp/ProgramServicesAmt055629
IRS990/PayrollTaxesGrp/TotalAmt087112
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt013346
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt058185
IRS990/PensionPlanContributionsGrp/TotalAmt071531
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020921
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019338
IRS990/PrincipalOfficerNm0KATHERINE MYERS-CRUM
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05108
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05108
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01879008
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0908676
IRS990/PYOtherRevenueAmt06911
IRS990/PYProgramServiceRevenueAmt08945
IRS990/PYRevenuesLessExpensesAmt0112815
IRS990/PYSalariesCompEmpBnftPaidAmt0873373
IRS990/PYTotalExpensesAmt01782049
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01894864
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0600833
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05108
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010006
IRS990/SavingsAndTempCashInvstGrp/EOYAmt010011
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03007518
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01879008
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0669488
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05556014
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt014053
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt012710
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt06911
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt05702
IRS990ScheduleA/OtherIncome170Grp/TotalAmt025323
IRS990ScheduleA/PublicSupportTotal170Amt05556014
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03007518
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01879008
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0669488
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05556014
IRS990ScheduleA/TotalSupportAmt05616729
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt035392
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt035392
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/DonatedServicesAndUseFcltsAmt0142847
IRS990ScheduleD/DonatedServicesUseFcltsAmt0142847
IRS990ScheduleD/EquipmentGrp/BookValueAmt048861
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022601
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt071462
IRS990ScheduleD/ExpensesNotReportedAmt0142847
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02459895
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01140679
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0124650
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01265329
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0175069
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Deferred Rent
IRS990ScheduleD/RevenueNotReportedAmt0142847
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03060728
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. IN ADDITION, THE INTERNAL REVENUE SERVICE (IRS) HAS DETERMINED THAT THE SCHOOL IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. THE SCHOOL HAS ADOPTED THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS AND MANAGEMENT HAS DETERMINED THAT THE SCHOOL WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2016 AND 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01189540
IRS990ScheduleD/TotalExpensesPerForm990Amt02459895
IRS990ScheduleD/TotalLiabilityAmt0175069
IRS990ScheduleD/TotalRevenuePerForm990Amt03060728
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03203575
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02602742
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/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0GREAT LAKES ACADEMY DISCLOSES ITS RACIALLY NONDISCRIMINATORY POLICY IN SCHOOL MARKETING MATERIALS, AS WELL AS AT ALL RECRUITMENT EVENTS
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVED FEDERAL AND STATE GOVERNMENTAL FUNDS PASSED THROUGH CHICAGO PUBLIC SCHOOLS TO ASSIST IN THE SCHOOL'S EFFORT TO PROVIDE AN EDUCATION, OPEN TO THE PUBLIC, AND AVALABLE TO ANY CITY OF CHICAGO STUDENT.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt093774
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt03909
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt073758
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt016107
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt020232
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Fundraiser #1
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Fundraisier #2
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt0150
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt010961
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt011111
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt021272
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0112019
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt016107

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,414,421
Liabilities
$1,265,258
Net assets
$1,149,163
Revenue
$3,060,728
Expenses
$2,459,895
Net income
$600,833
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.7$6.57$7.09$10.5$9.95$0.57
2023Summary only. Only limited summary data is available for this year.$13.3$6.66$6.64$9.02$8.99$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.9$6.45$6.48$9.00$8.15$0.85
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.9$6.63$5.24$11.5$5.35$6.17
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.28$2.54$1.73$3.89$4.74$0.85
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.86$1.28$2.58$4.65$4.08$0.57
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.36$1.34$2.01$3.89$3.24$0.65
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.61$1.24$1.37$3.03$2.81$0.22
2016Detailed filing. Detailed filing data is available for this year.$2.41$1.27$1.15$3.06$2.46$0.60
2016Summary only. Only limited summary data is available for this year.$2.41$1.27$1.15$3.06$2.46$0.60
2015Summary only. Only limited summary data is available for this year.$1.69$1.14$0.55$1.89$1.78$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.45$0.01$0.44$0.68$0.24$0.44