Civic Intelligence

Vanguard Gifted Academy

990 • Fiscal year 2021 • EIN 82-1169890

Jul 01, 2020 to Jun 30, 2021 • Filed on Dec 14, 2021

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

0.84x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

93rd percentile

2.61x

Higher debt load relative to revenue than 93% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

35th percentile

4.7%

Higher net margin than 35% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

56th percentile

$71,222

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 19.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

64th percentile

17%

Faster asset growth than 64% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

49th percentile

12%

Faster revenue growth than 49% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$1,162,304

Up $171,605 (+17%) from 2020

Net Assets

Down

$182,055

Down $8,607 (-4.5%) from 2020

Liabilities

Up

$980,249

Up $180,212 (+23%) from 2020

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin35th percentile

Revenue

Up

$375,269

Up $39,282 (+12%) from 2020

Expenses

Up

$357,776

Up $92,371 (+35%) from 2020

Net Income

Down

$17,493

Down $53,089 (-75%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth64th 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

2021

Assets$1,162,304
Liabilities$980,249
Net Assets$182,055
Open 2021 Filing

Operations Trend

Revenue Growth49th 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

2021

Revenue$375,269
Expenses$357,776
Net Income$17,493
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Dec 14, 2021
Return Version
2020v4.0
Gross Receipts
$375,269
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$710,434$707,493▼ $2,941
Accounts Receivable$94,574$277,000▲ $182,426
Loans From Officers Directors$229,808$216,245▼ $13,563
Cash and Non-Interest-Bearing Accounts$163,037$139,354▼ $23,683
Investments in Publicly Traded Securities$22,654$38,457▲ $15,803
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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$990,699$1,162,304▲ $171,605
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$446,892$437,300▼ $9,592
Deferred Revenue$91,500$321,000▲ $229,500
Other Liabilities$26,617--
Accounts Payable and Accrued Expenses$5,220$5,704▲ $484
Total Liabilities$800,037$980,249▲ $180,212
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$190,662$182,055▼ $8,607
Total Net Assets Fund Balance$190,662$182,055▼ $8,607
Total Liabilities and Net Assets / Fund Balance$990,699$1,162,304▲ $171,605

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$440,129$48,116$488,245
Land$228,000-$228,000
Leasehold Improvements$35,507$7,812$43,319
Equipment$3,857$958$4,815
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Elizabeth BlaetzPresidentFT$71,222$71,222

Board Members and Trustees

NameTitle
Candy MccrayTrustee
Dr Judy JankowskiTrustee
Louis NaugleTrustee
Susan SokolinskiTrustee
Spencer PaseroSecretary
Matthew GrizzellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$84,817
Program Service Revenue
$290,452
Investment Income
$0
Other Revenue
$0
All Other Contributions
$53,749
Change in Net Assets
$17,493
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$196,622
Salaries, Compensation, and Employee Benefits$161,154
Total Fundraising Expense$44,460
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$71,124$3,866$2,319$77,309
Current Officers, Directors, Trustees, and Key Employees$65,524$3,561$2,137$71,222
Fees for Services Other$61,286$3,331$1,998$66,615
Advertising-$233$23,086$23,319
Interest$20,844$1,133$680$22,657
Depreciation Depletion$14,898$810$486$16,194
Payroll Taxes$11,613$631$379$12,623
All Other Expenses$6,172$1,120$146$7,438
Office Expenses$5,689$309$187$6,185
Insurance$4,830$1,207-$6,037
Other Expenses$5,145$280$167$5,592
Fees for Services Accounting-$2,250-$2,250
Total Functional Expenses$293,360$19,956$44,460$357,776
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$229,808$216,245▼ $13,563
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 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
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
2021-12-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elizabeth Blaetz
Formed
2017
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
6
Employees
3
Volunteers
5

Preparer

Firm
Wieland & Company Inc
Address
232 S Batavia Avenue, Batavia, IL 60510
Preparer
Paul H Wieland
Phone
6304064490
Supplemental Narrative

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, 2020, the Academy had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.”

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IRS990/OtherExpensesGrp/TotalAmt016848
IRS990/OtherExpensesGrp/TotalAmt115833
IRS990/OtherExpensesGrp/TotalAmt27654
IRS990/OtherExpensesGrp/TotalAmt35592
IRS990/OtherLiabilitiesGrp/BOYAmt026617
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt02319
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt03866
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt071124
IRS990/OtherSalariesAndWagesGrp/TotalAmt077309
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0379
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0631
IRS990/PayrollTaxesGrp/ProgramServicesAmt011613
IRS990/PayrollTaxesGrp/TotalAmt012623
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0ELIZABETH BLAETZ
IRS990/PriorPeriodAdjustmentsAmt0-28500
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/Desc0ENRICHMENT AND AFTERSCHOO
IRS990/ProgramServiceRevenueGrp/Desc1OTHER PGM REV
IRS990/ProgramServiceRevenueGrp/Desc2TUITION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt014434
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1524
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2275494
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt014434
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1524
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2275494
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt049099
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0113705
IRS990/PYOtherRevenueAmt03400
IRS990/PYProgramServiceRevenueAmt0283488
IRS990/PYRevenuesLessExpensesAmt070582
IRS990/PYSalariesCompEmpBnftPaidAmt0151700
IRS990/PYTotalExpensesAmt0265405
IRS990/PYTotalRevenueAmt0335987
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt017493
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0261952
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0440129
IRS990ScheduleD/BuildingsGrp/DepreciationAmt048116
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0488245
IRS990ScheduleD/EquipmentGrp/BookValueAmt03857
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0958
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04815
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0228000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0228000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt035507
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt07812
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt043319
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, 2020, the Academy had no uncertain tax positions that qualify for recognition or disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0707493
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/BalanceDueAmt0216245
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/TotalBalanceDueAmt0216245
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/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
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,162,304
Liabilities
$980,249
Net assets
$182,055
Revenue
$375,269
Expenses
$357,776
Net income
$17,493
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