Civic Intelligence

Directors Academy Inc.

990EZ • Fiscal year 2017 • EIN 81-3228776

Jan 01, 2017 to Dec 31, 2017 • Filed on May 15, 2018

323 S Lincoln StreetHinsdale, IL 60521

(312) 576-8151

Siviq Scores

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

Liabilities / Assets

60th percentile

0.01x

Higher debt load relative to assets than 60% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

60th percentile

0.00x

Higher debt load relative to revenue than 60% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

38th percentile

-1.1%

Higher net margin than 38% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

41st percentile

-1.5%

Faster asset growth than 41% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

24th percentile

-19%

Faster revenue growth than 24% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$88,418

Down $1,321 (-1.5%) from 2016

Net Assets

Down

$87,962

Down $1,321 (-1.5%) from 2016

Liabilities

Flat

$456

Flat from 2016

Revenue

Down

$123,641

Down $28,963 (-19%) from 2016

Expenses

Up

$124,962

Up $61,641 (+97%) from 2016

Net Income

Down

-$1,321

Down $90,604 (-101%) from 2016

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2016: $89,739Liabilities 2016: $456Net Assets 2016: $89,2832016Assets 2017: $88,418Liabilities 2017: $456Net Assets 2017: $87,9622017Assets 2018: $115,941Liabilities 2018: $49Net Assets 2018: $115,8922018Assets 2019: $48,618Liabilities 2019: $3,660Net Assets 2019: $44,9582019Assets 2020: $42,819Liabilities 2020: $868Net Assets 2020: $41,9512020Assets 2021: $276,872Liabilities 2021: $1,182Net Assets 2021: $275,6902021Assets 2022: $498,293Liabilities 2022: $15,119Net Assets 2022: $483,1742022Assets 2023: $739,027Liabilities 2023: $735Net Assets 2023: $738,2922023Assets 2024: $690,042Liabilities 2024: $979Net Assets 2024: $689,0632024

Highlighted filing

2017

Assets$88,418
Liabilities$456
Net Assets$87,962

Operations Trend

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

$400K$200K$0-$200KRevenue 2016: $152,604Expenses 2016: $63,321Net Income 2016: $89,2832016Revenue 2017: $123,641Expenses 2017: $124,962Net Income 2017: -$1,3212017Revenue 2018: $198,797Expenses 2018: $170,867Net Income 2018: $27,9302018Revenue 2019: $83,292Expenses 2019: $154,226Net Income 2019: -$70,9342019Revenue 2020: $31,828Expenses 2020: $36,496Net Income 2020: -$4,6682020Revenue 2021: $284,870Expenses 2021: $51,131Net Income 2021: $233,7392021Revenue 2022: $328,652Expenses 2022: $121,168Net Income 2022: $207,4842022Revenue 2023: $377,142Expenses 2023: $122,024Net Income 2023: $255,1182023Revenue 2024: $55,482Expenses 2024: $104,711Net Income 2024: -$49,2292024

Highlighted filing

2017

Revenue$123,641
Expenses$124,962
Net Income-$1,321
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 15, 2018
Return Version
2017v2.3
Gross Receipts
$123,641
Mission and Program Overview

Mission

Our purpose is to identify, develop and advance the next generation of diverse board members and future board leaders.

Program Services

DescriptionGrantsExpenses
NEXTGEN DIRECTOR PROGRAM The Academy provides corporate governance education and training for future corporate board members from diverse backgrounds who are underrepresented on boards of directors via a NextGen Director program to better prepare themselves for their first corporate board experience. The program is practitioner led with a faculty of 15-20 experienced board leaders from a wide variety of public and private companies. The two day program covers a full range of corporate director duties and responsibilities, the work of the full board and each board committee, interactive board cases and governance best practice exchange. In addition, the class participants refine their board value propositions and meet with board leaders to broaden their network and sharpen their ability to connect with key decision makers. As part of the program, each class member is provided an Opportunity to build relationships with existing board leaders and further refine their specific board intere-$106,015
Board Leaders Program The Board Leaders program is designed to accelerate the advancement of diverse directors into board leadership roles. The program will be comprised of current diverse board members who aspire to become future board committee chairs, lead directors and chairman of the board. Each class curriculum includes exposure to a comprehensive board leadership model that includes key structural, operational and cultural drivers of board performance - for the full board and each committee. The curriculum incorporates a strong shareholder-centric focus and the benefits of a purpose-driven business model. The program will be led by a group of current public and private company board leaders with significant corporate governance experience. Over time, the Board Leaders program will become integrated with the NextGen Directors program to provide a seamless development process for future diverse board members.--
Corporate Governance Research The Academy conducts corporate governance best practice benchmarking and other research initiatives for a variety of board types and industry sectors. The research efforts are designed to enhance board performance and overall enterprise value creation capture.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James D WhiteChairman, Secretary-$0--
Keith MeyerPresident, Treasurer, DirectorPT$0--
Niko CannerDirector-$0--
Robert DeignanDirector-$0--
Robert GlauberDirector-$0--
Chitra NawbattDirector-$0--
James NevelsDirector-$0--
Paul WilliamsDirector-$0--
Heather WolfDirector-$0--
Filing and Contact Details

Filer

Filer Name
Directors Academy Inc
EIN
81-3228776
In Care Of
% TOPEL FORMAN LLC
Phone
3125768151
Address
323 S LINCOLN STREET, HINSDALE, IL 60521

Signing Officer

Name
Keith Meyer
Title
President
Phone
3125768151
Signed
2018-05-15
Discuss with paid preparer
Yes

Preparer

Firm
Topel Forman LLC
Address
500 NORTH MICHIGAN AVE SUITE 1700, CHICAGO, IL 60611
Preparer
William J Runowski
Phone
3126420006
Supplemental Narrative

Additional Explanations

Form 990EZ Part I Line 16

Description:BUSINESS REGISTRATION FEES Amount:1382

Form 990EZ Part I Line 16

Description:OUTSIDE CONTRACT SERVICES Amount:3950

Form 990EZ Part I Line 16

Description:DUES AND SUBCRIPTIONS Amount:875

Form 990EZ Part I Line 16

Description:PROMOTIONAL SUPPLIES Amount:1678

Form 990EZ Part I Line 16

Description:COMPUTER AND INTERNET Amount:1000

Form 990EZ Part I Line 16

Description:INSURANCE Amount:2198

Form 990EZ Part I Line 16

Description:SOFTWARE SUBSCRIPTION Amount:1870

Form 990EZ Part II Line 24

Description:DUE FROM AFFILIATES BOY Amount:512 EOY Amount:512

Form 990EZ Part II Line 24

Description:DUE FRO OTHERS BOY Amount:EOY Amount:24604

Form 990EZ Part II Line 26

Description:DUE TO AFFILIATES BOY Amount:456 EOY Amount:456

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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Board Leaders Program The Board Leaders program is designed to accelerate the advancement of diverse directors into board leadership roles. The program will be comprised of current diverse board members who aspire to become future board committee chairs, lead directors and chairman of the board. Each class curriculum includes exposure to a comprehensive board leadership model that includes key structural, operational and cultural drivers of board performance - for the full board and each committee. The curriculum incorporates a strong shareholder-centric focus and the benefits of a purpose-driven business model. The program will be led by a group of current public and private company board leaders with significant corporate governance experience. Over time, the Board Leaders program will become integrated with the NextGen Directors program to provide a seamless development process for future diverse board members.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Corporate Governance Research The Academy conducts corporate governance best practice benchmarking and other research initiatives for a variety of board types and industry sectors. The research efforts are designed to enhance board performance and overall enterprise value creation capture.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990EZ PART I LINE 16
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No mirrored PDF or thumbnail assets are attached yet.

Filings