Civic Intelligence

Inheritance Academy

990EZ • Fiscal year 2023 • EIN 87-3357651

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 21, 2024

Organization Profile
19240 W Fairview RoadMundelein, IL 60060

(000) 000-0000

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

$18,798

No earlier filing loaded for comparison.

Net Assets

$18,798

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin100th percentile

Revenue

$6,298

No earlier filing loaded for comparison.

Expenses

$0

No earlier filing loaded for comparison.

Net Income

$6,298

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$20K$15K$10K$5.0K$0Assets 2023: $18,798Liabilities 2023: $0Net Assets 2023: $18,7982023

Highlighted filing

2023

Assets$18,798
Liabilities$0
Net Assets$18,798
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$8.0K$6.0K$4.0K$2.0K$0Revenue 2023: $6,298Expenses 2023: $0Net Income 2023: $6,2982023

Highlighted filing

2023

Revenue$6,298
Expenses$0
Net Income$6,298
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 21, 2024
Return Version
2023v5.0
Gross Receipts
$6,298
Mission and Program Overview

Mission

Elementary school education

Program Services

DescriptionGrantsExpenses
Efforts to organize and hire a Head of School were unsuccessful and we are terminating our efforts All assets will be disburseto another non-profit in 2024--
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael StanczykFounder And Board Member-$0--
Patrick D SchwartzSecretary And Board Member-$0--
Daniel MacKinneyVice President And Board Member-$0--
Daniel FooteBoard Member-$0--
Jennifer BurnsBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Inheritance Academy
EIN
87-3357651
Phone
0000000000
Address
19240 W Fairview Road, Mundelein, IL 60060

Signing Officer

Name
Patrick D Schwartz
Title
Secretary
Phone
8472048596
Signed
2024-03-21
Raw XML Appendix156 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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IRS990EZ/BooksInCareOfDetail/PhoneNum02247179760
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt019240 W Fairview Drive
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Mundelein
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Daniel MacKinney
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Daniel Foote
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Jennifer Burns
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Founder and Board member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary and Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Vice President and Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Board Member
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
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IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt00
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Elementary school education
IRS990EZ/PrintingPublicationsPostageAmt00
IRS990EZ/ProgramServiceRevenueAmt00
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SalariesOtherCompEmplBnftAmt00
IRS990EZ/SaleOfAssetsGrossAmt00
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IRS990EZ/SchoolOperatingInd0true
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
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IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt00
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt06298
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The Board members of Inheritance Academy was the primary means of soliciting funds to start up the school We also established a link to give on the website Personal solicitations and one breakfast information fund raiser was held in an effort to increase awareness and obtain contributions primarily targeting potential higher net worth donors to fund the start-up particularly to hire a Head of School who would become the face of the school and principle fund-raiser To date the right candidate for the Head of School has not been identified All funds contributed came from private individuals The Board worked to establish a broad base of potential support within the immediate geographic area where the school is be located as well as from nearby areas where there is a higher concentration of high net worth individuals Board members included three individuals who are current or former administrators of Christian schools utilizing Classical teaching methodologies Three were local pastors One was an attorney and one was a community organizer in the locale of the intended location for the school
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part II-C, line 17a
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt00
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IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Patrick D Schwartz
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary
ReturnHeader/BusinessOfficerGrp/PhoneNum08472048596
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-03-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INHERITANCE ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0INHE
ReturnHeader/Filer/EIN0873357651
ReturnHeader/Filer/PhoneNum00000000000
ReturnHeader/Filer/USAddress/AddressLine1Txt019240 W Fairview Road
ReturnHeader/Filer/USAddress/CityNm0Mundelein
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060060
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/ReturnTs02024-03-21T15:30:04Z
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Patrick
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0D Schwartz
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,798
Liabilities
$0
Net assets
$18,798
Revenue
$6,298
Expenses
$0
Net income
$6,298
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$18.8$0.00$18.8$6.30$0.00$6.30