Civic Intelligence

The Einstein Academy

990 • Fiscal year 2017 • EIN 61-1413612

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 15, 2018

747 Davis RdElgin, IL 60123-1307

(847) 697-3836

Siviq Scores

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

Liabilities / Assets

98th percentile

1.78x

Higher debt load relative to assets than 98% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

4.17x

Higher debt load relative to revenue than 94% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

15th percentile

-18%

Higher net margin than 15% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

22nd percentile

-3.9%

Faster asset growth than 22% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

72nd percentile

19%

Faster revenue growth than 72% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,777,140

Down $71,192 (-3.9%) from 2016

Net Assets

Down

-$1,377,342

Down $133,289 (-11%) from 2016

Liabilities

Up

$3,154,482

Up $62,097 (+2.0%) from 2016

Revenue

Up

$755,574

Up $118,763 (+19%) from 2016

Expenses

Up

$888,863

Up $92,825 (+12%) from 2016

Net Income

Up

-$133,289

Up $25,938 (+16%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2011: $2,158,925Liabilities 2011: $2,609,670Net Assets 2011: -$450,7452011Assets 2012: $2,134,764Liabilities 2012: $2,873,199Net Assets 2012: -$738,4352012Assets 2013: $2,031,235Liabilities 2013: $2,869,292Net Assets 2013: -$838,0572013Assets 2014: $2,014,036Liabilities 2014: $1,136,826Net Assets 2014: $877,2102014Assets 2015: $1,947,070Liabilities 2015: $3,031,896Net Assets 2015: -$1,084,8262015Assets 2016: $1,848,332Liabilities 2016: $3,092,385Net Assets 2016: -$1,244,0532016Assets 2017: $1,777,140Liabilities 2017: $3,154,482Net Assets 2017: -$1,377,3422017Assets 2018: $1,791,212Liabilities 2018: $3,240,797Net Assets 2018: -$1,449,5852018Assets 2019: $1,738,533Liabilities 2019: $3,262,575Net Assets 2019: -$1,524,0422019Assets 2020: $1,907,763Liabilities 2020: $3,405,615Net Assets 2020: -$1,497,8522020Assets 2021: $1,787,191Liabilities 2021: $3,419,334Net Assets 2021: -$1,632,1432021Assets 2022: $2,152,197Liabilities 2022: $3,634,610Net Assets 2022: -$1,482,4132022Assets 2023: $1,947,920Liabilities 2023: $3,595,073Net Assets 2023: -$1,647,1532023

Highlighted filing

2017

Assets$1,777,140
Liabilities$3,154,482
Net Assets-$1,377,342

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $705,231Expenses 2011: $920,906Net Income 2011: -$215,6752011Expenses 2012: $971,7422012Revenue 2013: $815,805Expenses 2013: $915,427Net Income 2013: -$99,6222013Revenue 2014: $2,554,641Expenses 2014: $839,374Net Income 2014: $1,715,2672014Revenue 2015: $640,769Expenses 2015: $848,770Net Income 2015: -$208,0012015Revenue 2016: $636,811Expenses 2016: $796,038Net Income 2016: -$159,2272016Revenue 2017: $755,574Expenses 2017: $888,863Net Income 2017: -$133,2892017Revenue 2018: $1,716,420Expenses 2018: $882,227Net Income 2018: $834,1932018Revenue 2019: $977,655Expenses 2019: $1,052,112Net Income 2019: -$74,4572019Revenue 2020: $924,268Expenses 2020: $898,078Net Income 2020: $26,1902020Revenue 2021: $667,822Expenses 2021: $802,113Net Income 2021: -$134,2912021Revenue 2022: $735,439Expenses 2022: $718,724Net Income 2022: $16,7152022Revenue 2023: $155,390Expenses 2023: $308,245Net Income 2023: -$152,8552023

Highlighted filing

2017

Revenue$755,574
Expenses$888,863
Net Income-$133,289
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 15, 2018
Return Version
2016v3.0
Gross Receipts
$773,297
Mission and Program Overview

Mission

To implement an individualized and nurturing program that provides gifted and talented students with skills and knowledge necessary to become productive members of society and lifelong learners

To implement an individulized and nurturing program that provides gifted and talented students with skills and knowledge necessary to become productive members of society and lifelong learners

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$2,944,844$2,969,844▲ $25,000
Land, Buildings, and Equipment, Net$1,820,429$1,768,187▼ $52,242
Prepaid Expenses and Deferred Charges$4,257$3,957▼ $300
Accounts Receivable$14,612$2,823▼ $11,789
Cash and Non-Interest-Bearing Accounts$9,034$2,173▼ $6,861
Total Assets$1,848,332$1,777,140▼ $71,192
Liabilities
Other Liabilities$105,418$144,720▲ $39,302
Accounts Payable and Accrued Expenses$42,123$39,918▼ $2,205
Total Liabilities$3,092,385$3,154,482▲ $62,097
Net Assets / Fund Balance
Unrestricted Net Assets$-1,244,053$-1,377,342▼ $133,289
Total Net Assets Fund Balance$-1,244,053$-1,377,342▼ $133,289
Total Liabilities and Net Assets / Fund Balance$1,848,332$1,777,140▼ $71,192

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,642,794$727,440$2,370,234
Land$125,000-$125,000
Other Land Buildings$0$124,634$124,634
Equipment$393$60,108$60,501
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$17,037
Program Service Revenue
$715,081
Investment Income
$0
Other Revenue
$23,456
All Other Contributions
$17,037
Change in Net Assets
$-133,289
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$572,804
Other Expenses$316,059
Total Fundraising Expense$3,951
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$457,130$8,000$2,000$467,130
Pension Plan Contributions$61,043$1,300$300$62,643
Depreciation Depletion$49,626$2,612-$52,238
All Other Expenses$46,758$3,649$606$51,013
Payroll Taxes$42,031$800$200$43,031
Other Expenses$31,138--$31,138
Insurance$25,475--$25,475
Office Expenses$6,769$845$845$8,459
Information Technology$7,393--$7,393
Advertising$5,303--$5,303
Fees for Services Legal-$1,843-$1,843
Total Functional Expenses$865,863$19,049$3,951$888,863
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$41,179
Fundraising Direct Expenses$17,723
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$2,944,844$2,969,844▲ $25,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unearned Tuition$106,998
Accrued Payroll$36,317
Accrued Expenses$1,405
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 2

Two of the board members are mother and daughter

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

Form 990 is presented to the board of directors for their review prior to filing for their approval.

Form 990, Part VI, Section C, Line 19

All documents are kept at the school and are available upon request

Filing and Contact Details

Filer

Filer Name
The Einstein Academy
EIN
61-1413612
Phone
8476973836
Address
747 DAVIS RD, ELGIN, IL 60123-1307

Signing Officer

Name
Cathy Ilani
Title
Pres.
Phone
8746958777
Signed
2018-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cathy Ilani
Formed
2002
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Michael S Matousek Pc
Address
266 LAMONT PARKWAY, BARTLETT, IL 60103
Preparer
Michael Matousek
Phone
6302698000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The board of directors selects the auditing firm and assigns a member to oversee the audit.

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

DEBTS FORGIVEN

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED EXPENSES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DEBTS FORGIVEN
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01768187
IRS990ScheduleD/TotalLiabilityAmt0144720
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/ExplanationTxt0BROCHURES STATE "AN INDEPENDENT CENTER OF QUALITY EDUCATION FOR CHILDREN OF ALL RACES & CREEDS"
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt037900
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1483000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt21754035
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt3694909
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0EZRA ELECTRIC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt1ROBERT LEROY ENTERPRISES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt2ROBERT LEROY ENTERPRISES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd30
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0WORKING CAPITAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1WORKING CAPITAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2WORKING CAPITAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt05000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1500971
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt21754035
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt3500000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0EZRA CATHY ILANI
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd31
IRS990ScheduleL/TotalBalanceDueAmt02969844
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO OF THE BOARD MEMBERS ARE MOTHER AND DAUGHTER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING FOR THEIR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DOCUMENTS ARE KEPT AT THE SCHOOL AND ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS SELECTS THE AUDITING FIRM AND ASSIGNS A MEMBER TO OVERSEE THE AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01848332
IRS990/TotalAssetsEOYAmt01777140
IRS990/TotalAssetsGrp/BOYAmt01848332
IRS990/TotalAssetsGrp/EOYAmt01777140
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt017037
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03951
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt019049
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0865863
IRS990/TotalFunctionalExpensesGrp/TotalAmt0888863
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03092385
IRS990/TotalLiabilitiesEOYAmt03154482
IRS990/TotalLiabilitiesGrp/BOYAmt03092385
IRS990/TotalLiabilitiesGrp/EOYAmt03154482
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1244053
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1377342
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0865863
IRS990/TotalProgramServiceRevenueAmt0715081
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt023456
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0715081
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0755574
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01848332
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01777140
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1244053
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1377342
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0747 DAVIS RD
IRS990/USAddress/CityNm0ELGIN
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060123
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.EINSTEINACADEMY.US
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CATHY ILANI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRES.
ReturnHeader/BusinessOfficerGrp/PhoneNum08746958777
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-02-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE EINSTEIN ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0EINS
ReturnHeader/Filer/EIN0611413612

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$1.95$3.60$1.65$0.16$0.31$0.15
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.15$3.63$1.48$0.74$0.72$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$3.42$1.63$0.67$0.80$0.13
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.91$3.41$1.50$0.92$0.90$0.03
2019Summary only. Only limited summary data is available for this year.$1.74$3.26$1.52$0.98$1.05$0.07
2018Summary only. Only limited summary data is available for this year.$1.79$3.24$1.45$1.72$0.88$0.83
2017Detailed filing. Detailed filing data is available for this year.$1.78$3.15$1.38$0.76$0.89$0.13
2016Summary only. Only limited summary data is available for this year.$1.85$3.09$1.24$0.64$0.80$0.16
2015Summary only. Only limited summary data is available for this year.$1.95$3.03$1.08$0.64$0.85$0.21
2014Detailed filing. Detailed filing data is available for this year.$2.01$1.14$0.88$2.55$0.84$1.72
2013Summary only. Only limited summary data is available for this year.$2.03$2.87$0.84$0.82$0.92$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.13$2.87$0.74$0.97
2011Summary only. Only limited summary data is available for this year.$2.16$2.61$0.45$0.71$0.92$0.22
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $1M-$5M nonprofits