Civic Intelligence

The Einstein Academy

990 • Fiscal year 2024 • EIN 61-1413612

Jul 01, 2023 to Jun 30, 2024 • Filed on Mar 06, 2025

Organization Profileschool.einsteinacademy.us
747 Davis RoadElgin, IL 60123-1307

(847) 343-1260

Siviq Scores

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

Liabilities / Assets

99th percentile

2.22x

Higher debt load relative to assets than 99% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

100th percentile

63.68x

Higher debt load relative to revenue than 100% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

1st percentile

-213%

Higher net margin than 1% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

6th percentile

-24%

Faster asset growth than 6% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

3rd percentile

-67%

Faster revenue growth than 3% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$1,483,801

Down $464,119 (-24%) from 2023

Net Assets

Down

-$1,816,265

Down $169,112 (-10%) from 2023

Liabilities

Down

$3,300,066

Down $295,007 (-8.2%) from 2023

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Down

$51,819

Down $103,571 (-67%) from 2023

Expenses

Down

$162,111

Down $146,134 (-47%) from 2023

Net Income

Up

-$110,292

Up $42,563 (+28%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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: -$1,647,1532023Assets 2024: $1,483,801Liabilities 2024: $3,300,066Net Assets 2024: -$1,816,2652024

Highlighted filing

2024

Assets$1,483,801
Liabilities$3,300,066
Net Assets-$1,816,265
Open 2024 Filing

Operations Trend

Revenue Growth3rd percentile

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: -$152,8552023Revenue 2024: $51,819Expenses 2024: $162,111Net Income 2024: -$110,2922024

Highlighted filing

2024

Revenue$51,819
Expenses$162,111
Net Income-$110,292
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 6, 2025
Return Version
2023v6.0
Gross Receipts
$51,819
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 individualize 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$3,001,844$2,731,844▼ $270,000
Land, Buildings, and Equipment, Net$1,492,955$1,433,828▼ $59,127
Pledges and Grants Receivable$110,015$0▼ $110,015
Cash and Non-Interest-Bearing Accounts$338,100$43,098▼ $295,002
Accounts Receivable$6,850$6,875▲ $25
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,947,920$1,483,801▼ $464,119
Liabilities
Mortgage Notes Payable Secured by Investment Property$486,552$461,545▼ $25,007
Other Liabilities$72,000$72,000→ $0
Accounts Payable and Accrued Expenses$22,792$22,792→ $0
Deferred Revenue$11,885$11,885→ $0
Total Liabilities$3,595,073$3,300,066▼ $295,007
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,647,153$-1,816,265▼ $169,112
Total Liabilities and Net Assets / Fund Balance$1,947,920$1,483,801▼ $464,119

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,308,828$1,008,234$2,317,062
Land$125,000-$125,000
Other Land Buildings$0$124,634$124,634
Equipment$0$116,195$116,195
Leasehold Improvements$0$99,642$99,642
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Cathryn IlaniPresident
Ezra IlaniVice President
Brad BolerjackSecretary
Al NeilTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,815
Investment Income
$12,596
Other Revenue
$28,408
Change in Net Assets
$-110,292
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$161,751
Grants and Similar Amounts Paid$360
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$59,127--$59,127
Insurance$30,037--$30,037
Occupancy$29,138--$29,138
Fees for Services Legal$20,185--$20,185
Advertising$7,275--$7,275
Fees for Services Other$6,661--$6,661
Office Expenses$6,642--$6,642
Fees for Services Accounting$2,650--$2,650
Grants to Domestic Orgs$360--$360
Other Expenses$36--$36
Total Functional Expenses$162,111$0$0$162,111
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$3,001,844$2,731,844▼ $270,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued interest$72,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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 husband and wife.”

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

“Form 990 is presented to the Board of Directors for their approval before filing.”

Form 990, Part VI, Section C, line 19

“Documents are provided upon request.”

Filing and Contact Details

Filer

Filer Name
The Einstein Academy
EIN
61-1413612
Phone
8473431260
Address
747 Davis Road, Elgin, IL 60123-1307

Signing Officer

Name
Cathryn Ilani
Title
President
Phone
8473431260
Signed
2025-03-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cathryn Ilani
Formed
2002
Legal Domicile
Il
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Walton Rahal CPAs
Address
2101 NW Boca Raton Blvd Ste 5, Boca Raton, FL 33431-7498
Preparer
Matthew L Rahal CPA
Phone
5613956653
Raw XML Appendix376 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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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt1Robert Leroy Enterprises
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt2Robert Leroy Enterprises
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt3Ezra & Cathy Ilani
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd30
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Working
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1Working
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2Working
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/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd30
IRS990ScheduleL/TotalBalanceDueAmt02731844
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Two of the board members are husband and wife.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 is presented to the Board of Directors for their approval before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Documents are provided upon request.
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
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01947920
IRS990/TotalAssetsEOYAmt01483801
IRS990/TotalAssetsGrp/BOYAmt01947920
IRS990/TotalAssetsGrp/EOYAmt01483801
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0162111
IRS990/TotalFunctionalExpensesGrp/TotalAmt0162111
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03595073
IRS990/TotalLiabilitiesEOYAmt03300066
IRS990/TotalLiabilitiesGrp/BOYAmt03595073
IRS990/TotalLiabilitiesGrp/EOYAmt03300066
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1647153
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1816265
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0162111
IRS990/TotalProgramServiceRevenueAmt010815
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt041004
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010815
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt051819
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01947920
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01483801
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0747 Davis Road
IRS990/USAddress/CityNm0Elgin
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd0601231307
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0http://school.einsteinacademy.us
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Cathryn Ilani
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum08473431260
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Einstein Academy
ReturnHeader/Filer/BusinessNameControlTxt0EINS
ReturnHeader/Filer/EIN0611413612
ReturnHeader/Filer/PhoneNum08473431260
ReturnHeader/Filer/USAddress/AddressLine1Txt0747 Davis Road
ReturnHeader/Filer/USAddress/CityNm0Elgin
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd0601231307
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263968745
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Walton Rahal CPAs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02101 NW Boca Raton Blvd Ste 5
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Boca Raton
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0334317498
ReturnHeader/PreparerPersonGrp/PhoneNum05613956653
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Matthew L Rahal CPA
ReturnHeader/ReturnTs02025-03-06T11:03:55-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,483,801
Liabilities
$3,300,066
Net assets
-$1,816,265
Revenue
$51,819
Expenses
$162,111
Net income
-$110,292
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.48$3.30$1.82$0.05$0.16$0.11
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
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$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