2023-03-22T10:51:48-05:00 2022-08-31 410746749 CLIFTONLARSONALLEN LLP 1301 WEST 22ND STREET SUITE 1100 OAK BROOK IL 60523 990 2021-09-01 362167087 GLENWOOD ACADEMY GLEN 7087565430 500 W 187TH ST GLENWOOD IL 60425 MARY HOLLIE CEO & PRESIDENT 7087565430 2023-03-16 1 MARY HOLLIE 999009999 JAMES R THOMAS P00095586 6305738600 2023-03-16 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z MARY HOLLIE 500 WEST 187TH STREET GLENWOOD IL 60425 29699084 0 X WWW.GLENWOODACADEMY.ORG X 1887 IL TO PROVIDE A HIGH QUALITY EDUCATION AND RESIDENTIAL PROGRAM FOR STUDENTS FROM LOWER INCOME AND SINGLE-PARENT FAMILIES. 25 23 94 94 0 0 3882365 6902536 0 0 3583501 833852 2725457 653747 10191323 8390135 44901 0 0 0 1726696 1610264 0 0 581954 2033371 2300476 3804968 3910740 6386355 4479395 87987568 83705168 18434075 18245868 69553493 65459300 GLENWOOD ACADEMY ERADICATES POVERTY, INJUSTICE, AND INEQUALITY THROUGH THE POWER OF RESIDENTIAL EDUCATION. 0 0 2267730 RESIDENTIAL EDUCATION 2-8 GRADETO PROVIDE A HIGH QUALITY EDUCATION AND RESIDENTIAL PROGRAM FOR STUDENTS FROM LOWER INCOME AND SINGLE-PARENT FAMILITES, WHO SEEK A POSITIVE ALTERNATIVE TO HOME AND COMMUNITY SITUATIONS WHICH IMPEDE OPPORTUNITIES TO ACHIEVE THEIR POTENTIAL 2267730 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 35 0 94 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X ABIGAIL CANO 7087565430 500 WEST 187TH STREET GLENWOOD IL 60425 NORMAN WESLEY IMMEDIATE PAST CHAIRMAN 1.00 1.00 X 0 0 0 S BIFF BOWMAN BOARD CHAIRMAN 1.00 1.00 X X 0 0 0 PATRICK FLINN VICE CHAIRMAN OF DEVELOPMENT & PUBLIC AFFAIRS 1.00 1.00 X X 0 0 0 KURT GABOUER TREASURER 1.00 1.00 X X 0 0 0 HARRY HOSTETLER VICE CHAIRMAN OF THE BUILDING & GROUND COMMITTEE 1.00 1.00 X X 0 0 0 PAMELA LAWLOR VICE CHAIRMAN OF STUDENT & STAFF SERVICES COMMITTE 1.00 2.00 X X 0 0 0 MARK WIGHT VICE CHAIRMAN NOMINATING & GOVERNANCE COMMITTEE 1.00 1.00 X X 0 0 0 JULIE BADEL MEMBER 1.00 1.00 X 0 0 0 MATTHEW DARNALL VICE CHAIRMAN OF INVESTMENT COMMITTEE 1.00 1.00 X X 0 0 0 ROBERT DARNALL MEMBER 1.00 1.00 X 0 0 0 ANTHONY DITOMMASO MEMBER 1.00 1.00 X 0 0 0 ALAN DUFF MEMBER 1.00 1.00 X 0 0 0 KEVIN CAHOON MEMBER 1.00 2.00 X 0 0 0 STEPHANIE HICKMAN MEMBER 1.00 1.00 X 0 0 0 BLANCHE HILL MEMBER 1.00 1.00 X 0 0 0 MICHAEL LYON MEMBER 1.00 1.00 X 0 0 0 NEAL KITCHELL MEMBER 1.00 2.00 X 0 0 0 CHRISTOPHER MCMAHON MEMBER 1.00 1.00 X 0 0 0 HELMUT MLAKAR MEMBER 1.00 1.00 X 0 0 0 PERRY PERO MEMBER 1.00 1.00 X 0 0 0 CHARLES WALLS MEMBER 1.00 1.00 X 0 0 0 LOUIS WEBER MEMBER 1.00 2.00 X 0 0 0 JAN MAZZA MEMBER 1.00 1.00 X 0 0 0 BORIS ELISMAN VICE CHAIRMAN OF FINANCE & AUDIT 1.00 1.00 X X 0 0 0 MARY HOLLIE CEO & PRESIDENT 40.00 2.00 X 359737 0 20000 COLLEEN CONLAN-CARTER VP OF ACADEMIC AFFAIRS 40.00 1.00 X 194988 0 0 CHARLES KUDIA CFO 40.00 1.00 X 131921 0 0 KIM LUCKEY VP OF DEVELOPMENT 40.00 1.00 X 162632 0 0 849278 0 20000 4 0 1 0 MORGAN BIRGE & ASSOCIATES 119 WEST HUBBARD STREET 4TH FLOOR CHICAGO IL 60654 IT, COMPUTERS, NOTEBOOKS, SERVICE REQUES 136474 1 148024 19861 6734651 6902536 734389 734389 21243509 21144046 99463 99463 99463 1001111 148024 164903 836208 836208 DEFINED BENEFITS RETIREMENT PLAN 900099 295761 295761 MISCELLANEOUS INCOME 900099 61011 61011 ANNUITIES 900099 -539233 -539233 -182461 8390135 0 0 1487599 686645 67963 437682 181000 515948 51068 328876 136004 291043 251437 32707 6899 56162 6606 32430 17126 60466 8412 28865 23189 1981 1848 82 51 60530 56474 2506 1550 129462 120788 5360 3314 194708 34208 51025 109475 135 135 90170 64406 10677 15087 16457 15064 668 725 205410 190650 9529 5231 1512 168 644 700 107951 100718 4469 2764 816762 762039 33814 20909 255507 238388 10578 6541 BANK FEES 226706 206396 14647 5663 FEES & SUBSCRIPTIONS 98598 19577 43616 35405 PAYROLL FEES 64633 60302 2676 1655 STUDENT ACTIVITIES 5117 329 4017 771 24837 10889 6188 7760 3910740 2267730 1061056 581954 1884349 1306745 97962 1904121 625 7319 346003 297728 24235377 16470071 8156328 7765306 189222 189978 50695768 41733222 26617311 30500749 87987568 83705168 2488885 2285298 15890124 15928211 55066 32359 18434075 18245868 X 38896507 37482556 30656986 27976744 69553493 65459300 87987568 83705168 4479395 -8573588 0 X X 0 1 X 1 0 X 4941501 3310982 3109568 4004246 6902536 22268833 4941501 3310982 3109568 4004246 6902536 22268833 22268833 2423685 2042560 1602333 1470729 734389 8273696 43492 998286 82455 2296571 61011 3481815 34024344 0.65450 0.65410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36054944 2378462 -8225232 3877470 26330704 29961100 383146 7789971 2079273 36054944 30064355 351458 2890640 3345353 29961100 31099837 838518 847787 2721787 30064355 31600763 1743081 2106631 4350638 31099837 0.00980 0.11080 0.87940 1 0 52187 52187 9345478 6400532 2944946 10860198 6977941 3882257 3977514 3091598 885916 7765306 CONTRIBUTIONS FROM RESIDUAL TRUSTS 703035 F CHARITABLE REMAINDER TRUSTS 1167391 C PERPETUAL TRUSTS 15200838 C PUBLICLY TRADED SECURITIES 14890661 C CORPORATE BONDS 9732737 C OTHER 38560 C 41733222 DUE FROM GLENWOOD SOUTH 30500749 30500749 SPLIT-INTEREST AGREEMENTS 32359 32359 X PART X, LINE 2: GLENWOOD IS EXEMPT FROM FEDERAL INCOME TAXES UNDER IRC SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. GLENWOOD RECOGNIZES THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. PART V, LINE 4: TO PROVIDE FUNDING TO PROGRAMS AND ENHANCE THE SUSTAINABILITY OF THE ORGANIZATION. THANKSGIVING CELEBRATION 775217 46129 729088 11925 31978 9717 GOLF TOURNAMENT 319225 101895 217330 86237 4751 4 54693 54693 3605 6301 10389 1149135 148024 1001111 101767 6301 31978 24857 164903 836208 X 1 1 X X 0 0 0 0 0 0 0 0 0 MARY HOLLIE CEO & PRESIDENT 359737 0 0 0 0 0 20000 0 0 0 379737 0 0 0 COLLEEN CONLAN-CARTER VP OF ACADEMIC AFFAIRS 194988 0 0 0 0 0 0 0 0 0 194988 0 0 0 KIM LUCKEY VP OF DEVELOPMENT 162632 0 0 0 0 0 0 0 0 0 162632 0 0 0 PART I, LINE 1A A RESIDENCE ON CAMPUS IS PROVIDED FOR THE PRESIDENT TO ALLOW THE PRESIDENT TO BE AVAILABLE AS NECESSARY. THE BENEFIT WAS NOT INCLUDED AS TAXABLE COMPENSATION. TRAVEL EXPENSES SUCH AS MILEAGE, GAS, AND MAINTENANCE THAT ARE INCURRED ARE REIMBURSED BY THE ORGANIZATION. X 3071 610222 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B GOVERNING BODY REVIEWS THE FORM 990 BEFORE IT HAS BEEN FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BYLAWS CONTAIN PROVISIONS FOR THE CONFLICT OF INTEREST POLICY. THE BYLAWS ARE REVIEWED REGULARLY BY THE BOARD AND ANY CHANGES ARE APPROVED. FORM 990, PART VI, SECTION B, LINE 15 THE KEY EMPLOYEES ARE EVALUATED BY THE CHAIRMAN OF THE BOARD. HE UTILIZES HIS VAST EXPERIENCE AS WELL AS GUIDESTAR'S COMPARABLE COMPENSATION DATA FOR LIKE AGENCIES. REVIEW IS PERFORMED ANNUALLY IN DECEMBER FORM 990, PART VI, SECTION C, LINE 19 ALL ARE AVAILABLE UPON REQUEST FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED. GLENWOOD SOUTH 500 W 187TH STREET GLENWOOD IL 60425 364063075 RESID/EDUC IL 501(C)(3) LINE 2 GLENWOOD ACA 1 0 0 0 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 GLENWOOD SOUTH D 3873438 ACTUAL COST