Civic Intelligence

Vanguard Gifted Academy

990 • Fiscal year 2019 • EIN 82-1169890

Jul 01, 2018 to Jun 30, 2019 • Filed on Aug 07, 2019

Organization ProfileWWW.VANGUARDGIFTEDACADEMY.ORG
1078 E Wilson StBatavia, IL 60510

(224) 213-0087

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.87x

Higher debt load relative to assets than 92% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

96th percentile

3.15x

Higher debt load relative to revenue than 96% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

80th percentile

24%

Higher net margin than 80% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

59th percentile

$32,308

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 12.7% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

80th percentile

25%

Faster asset growth than 80% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

38th percentile

-1.1%

Faster revenue growth than 38% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$918,563

Up $182,450 (+25%) from 2018

Net Assets

Up

$117,674

Up $63,600 (+118%) from 2018

Liabilities

Up

$800,889

Up $118,850 (+17%) from 2018

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin80th percentile

Revenue

Down

$253,896

Down $2,759 (-1.1%) from 2018

Expenses

Up

$192,844

Up $6,523 (+3.5%) from 2018

Net Income

Down

$61,052

Down $9,282 (-13%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth80th percentile

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

$1.5M$1.0M$500K$0Assets 2018: $736,113Liabilities 2018: $682,039Net Assets 2018: $54,0742018Assets 2019: $918,563Liabilities 2019: $800,889Net Assets 2019: $117,6742019Assets 2020: $990,699Liabilities 2020: $800,037Net Assets 2020: $190,6622020Assets 2021: $1,162,304Liabilities 2021: $980,249Net Assets 2021: $182,0552021Assets 2022: $864,712Liabilities 2022: $659,981Net Assets 2022: $204,7312022Assets 2023: $832,293Liabilities 2023: $623,657Net Assets 2023: $208,6362023Assets 2024: $811,459Liabilities 2024: $649,199Net Assets 2024: $162,2602024Assets 2025: $977,104Liabilities 2025: $846,694Net Assets 2025: $130,4102025

Highlighted filing

2019

Assets$918,563
Liabilities$800,889
Net Assets$117,674
Open 2019 Filing

Operations Trend

Revenue Growth38th percentile

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

$600K$400K$200K$0-$200KRevenue 2018: $256,655Expenses 2018: $186,321Net Income 2018: $70,3342018Revenue 2019: $253,896Expenses 2019: $192,844Net Income 2019: $61,0522019Revenue 2020: $335,987Expenses 2020: $265,405Net Income 2020: $70,5822020Revenue 2021: $375,269Expenses 2021: $357,776Net Income 2021: $17,4932021Revenue 2022: $429,133Expenses 2022: $401,198Net Income 2022: $27,9352022Revenue 2023: $351,809Expenses 2023: $345,520Net Income 2023: $6,2892023Revenue 2024: $239,584Expenses 2024: $292,866Net Income 2024: -$53,2822024Revenue 2025: $237,264Expenses 2025: $281,626Net Income 2025: -$44,3622025

Highlighted filing

2019

Revenue$253,896
Expenses$192,844
Net Income$61,052
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Aug 7, 2019
Return Version
2018v3.1
Gross Receipts
$253,896
Mission and Program Overview

Mission

The Academy operates an independent school for intellectually gifted and talented students. The Academys mission is to offer a challenging curriculum in a unique educational community that develops a students strengths, interests and potential for the future.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$708,016$710,983▲ $2,967
Loans From Officers Directors$240,435$240,435→ $0
Accounts Receivable$92,571$103,385▲ $10,814
Cash and Non-Interest-Bearing Accounts$38,987$83,946▲ $44,959
Investments in Publicly Traded Securities$18,323$20,249▲ $1,926
Prepaid Expenses and Deferred Charges$8,946$0▼ $8,946
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$866,843$918,563▲ $51,720
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$468,633$457,448▼ $11,185
Deferred Revenue$92,571$99,650▲ $7,079
Other Liabilities$10,670--
Accounts Payable and Accrued Expenses$460$3,356▲ $2,896
Total Liabilities$812,769$800,889▼ $11,880
Net Assets / Fund Balance
Unrestricted Net Assets$54,074$117,674▲ $63,600
Total Net Assets Fund Balance$54,074$117,674▲ $63,600
Total Liabilities and Net Assets / Fund Balance$866,843$918,563▲ $51,720

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$449,618$22,741$472,359
Land$228,000-$228,000
Leasehold Improvements$33,365$2,754$36,119
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Shannon HolubSecretaryFT$32,308$32,308
Stacey SpearsTrusteeFT$27,692$27,692
Elizabeth BlaetzPresidentFT$20,000$20,000

Board Members and Trustees

NameTitle
Dr Mark MckeeVice President
Candy MccrayTrustee
Dr Judy JankowskiTrustee
Spencer PaseroTrustee
Matthew GrizzellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$49,319
Program Service Revenue
$204,577
Investment Income
$0
Other Revenue
$0
All Other Contributions
$49,319
Change in Net Assets
$61,052
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$113,765
Other Expenses$79,079
Total Fundraising Expense$5,786
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$96,477$5,243$3,146$104,866
Interest$23,468$1,275$765$25,508
Depreciation Depletion$12,706$691$414$13,811
Advertising-$12,022$633$12,655
Payroll Taxes$8,187$445$267$8,899
Office Expenses$2,876$156$94$3,126
Fees for Services Other$1,848$205-$2,053
Fees for Services Accounting-$1,690-$1,690
Insurance$1,167$63$38$1,268
All Other Expenses$668$350-$1,018
Other Expenses$722$350$210$722
Fees for Services Legal-$192-$192
Total Functional Expenses$164,012$23,046$5,786$192,844
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$240,435$240,435→ $0
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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, Line 11B: Form 990 Review Process

“electronically circulated for comments prior to filing”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Discussion at Board meeting”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Approved by Trustees”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Upon request”

Filing and Contact Details

Filer

Filer Name
Vanguard Gifted Academy
EIN
82-1169890
Phone
2242130087
Address
1078 E WILSON ST, BATAVIA, IL 60510

Signing Officer

Name
Elizabeth Blaetz
Title
President
Signed
2019-08-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elizabeth Blaetz
Formed
2017
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
5
Employees
3
Volunteers
5

Preparer

Firm
Wieland & Company Inc Cpas
Address
201 HOUSTON STREET SUITE 301, BATAVIA, IL 60510
Preparer
Paul H Wieland CPA
Phone
6304064490
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 1: Change of Accounting Method

“The organization began issuing gaap financial statements in fye 6/30/19 and, accordingly, prepared them on the accrual basis. The cash basis was used in prior year. The difference between the cash basis and accrual basis was immaterial in the prior year.”

Financial Statement Notes

Part X : FIN48 Footnote

“The Academy has been granted tax-exempt status under Section 501(c)(3) of the Internal Revenue Code, is classified as a public charity under Section 170 (b)(1)(A)(ii) and has no unrelated business income. Accordingly, no provision for income taxes is reported. The financial statement effects of a tax position taken or expected to be taken are recognized when it is more likely than not, based on technical merits, that the position will be sustained upon examination. As of June 30, 2019, the Academy had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.”

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IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2STUDENT SUPPLIES
IRS990/OtherExpensesGrp/Desc3FURNISHINGS
IRS990/OtherExpensesGrp/FundraisingAmt0219
IRS990/OtherExpensesGrp/FundraisingAmt1210
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0364
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1350
IRS990/OtherExpensesGrp/ProgramServicesAmt06685
IRS990/OtherExpensesGrp/ProgramServicesAmt16436
IRS990/OtherExpensesGrp/ProgramServicesAmt22772
IRS990/OtherExpensesGrp/ProgramServicesAmt3722
IRS990/OtherExpensesGrp/TotalAmt07268
IRS990/OtherExpensesGrp/TotalAmt16996
IRS990/OtherExpensesGrp/TotalAmt22772
IRS990/OtherExpensesGrp/TotalAmt3722
IRS990/OtherLiabilitiesGrp/BOYAmt010670
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0267
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0445
IRS990/PayrollTaxesGrp/ProgramServicesAmt08187
IRS990/PayrollTaxesGrp/TotalAmt08899
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08946
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0ELIZABETH BLAETZ
IRS990/PriorPeriodAdjustmentsAmt0621
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0OTHER PGM REV
IRS990/ProgramServiceRevenueGrp/Desc1TUITION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0527
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1204050
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0527
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1204050
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt051226
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0373
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0121982
IRS990/PYProgramServiceRevenueAmt0205056
IRS990/PYRevenuesLessExpensesAmt070334
IRS990/PYSalariesCompEmpBnftPaidAmt064339
IRS990/PYTotalExpensesAmt0186321
IRS990/PYTotalRevenueAmt0256655
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt061052
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0204050
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0449618
IRS990ScheduleD/BuildingsGrp/DepreciationAmt022741
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0472359
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0228000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0228000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt033365
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02754
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt036119
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Academy has been granted tax-exempt status under Section 501(c)(3) of the Internal Revenue Code, is classified as a public charity under Section 170 (b)(1)(A)(ii) and has no unrelated business income. Accordingly, no provision for income taxes is reported. The financial statement effects of a tax position taken or expected to be taken are recognized when it is more likely than not, based on technical merits, that the position will be sustained upon examination. As of June 30, 2019, the Academy had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0710983
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0240435
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0ADVANCES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0240435
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0ELIZABETH BLAETZ
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt0240435
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0electronically circulated for comments prior to filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Discussion at Board meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Approved by Trustees
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION BEGAN ISSUING GAAP FINANCIAL STATEMENTS IN FYE 6/30/19 AND, ACCORDINGLY, PREPARED THEM ON THE ACCRUAL BASIS. THE CASH BASIS WAS USED IN PRIOR YEAR. THE DIFFERENCE BETWEEN THE CASH BASIS AND ACCRUAL BASIS WAS IMMATERIAL IN THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 1: Change of Accounting Method
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0866843
IRS990/TotalAssetsEOYAmt0918563

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$918,563
Liabilities
$800,889
Net assets
$117,674
Revenue
$253,896
Expenses
$192,844
Net income
$61,052
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.98$0.85$0.13$0.24$0.28$0.04
2024Detailed filing. Detailed filing data is available for this year.$0.81$0.65$0.16$0.24$0.29$0.05
2023Detailed filing. Detailed filing data is available for this year.$0.83$0.62$0.21$0.35$0.35$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.86$0.66$0.20$0.43$0.40$0.03
2021Detailed filing. Detailed filing data is available for this year.$1.16$0.98$0.18$0.38$0.36$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.99$0.80$0.19$0.34$0.27$0.07
2019Detailed filing. Detailed filing data is available for this year.$0.92$0.80$0.12$0.25$0.19$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.74$0.68$0.05$0.26$0.19$0.07