2022-02-15T11:08:02-06:00 2021-08-31 410746749 CLIFTONLARSONALLEN LLP 1301 WEST 22ND STREET SUITE 1100 OAK BROOK IL 60523 990 2020-09-01 362167087 GLENWOOD ACADEMY GLEN 7087565430 500 W 187TH ST GLENWOOD IL 60425 COLLEEN M CONLAN-CARTER VICE PRESIDENT OF ACADEMIC AFFAIRS 7087565430 2022-02-14 1 COLLEEN CONLAN-CARTER 999009999 JAMES R THOMAS P00095586 6305738600 2022-02-14 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z COLLEEN M CONLAN-CARTER 500 WEST 187TH STREET GLENWOOD IL 60425 24703024 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. 26 25 101 86 0 0 3062885 3882365 0 0 838626 3583501 -72986 2725457 3828525 10191323 37692 44901 0 0 1797803 1726696 0 0 558001 2200017 2033371 4035512 3804968 -206987 6386355 78440020 87987568 19944579 18434075 58495441 69553493 GLENWOOD ACADEMY ERADICATES POVERTY, INJUSTICE, AND INEQUALITY THROUGH THE POWER OF RESIDENTIAL EDUCATION. 0 0 2165039 44901 1470729 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 2165039 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 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 36 1 101 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 26 25 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 MEMBER 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 COMMITTEE 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 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 MEMBER 1.00 1.00 X 0 0 0 MARY HOLLIE CEO & PRESIDENT 40.00 2.00 X 359697 0 19500 CHARLES KUDIA CFO 40.00 1.00 X 125361 0 0 COLLEEN CONLAN-CARTER VP OF ACADEMIC AFFAIRS 40.00 1.00 X 195592 0 0 KIM LUCKEY VP OF DEVELOPMENT 40.00 1.00 X 157633 0 0 838283 0 19500 4 0 1 0 MORGAN BIRGE & ASSOCIATES 119 WEST HUBBARD STREET 4TH FLOOR CHICAGO IL 60654 IT, COMPUTERS, NOTEBOOKS, SERVICE REQUES 241939 1 1084214 219232 2578919 3882365 1470729 1470729 16396418 116354 14386953 13047 2009465 103307 2112772 2112772 0 1084214 111701 -111701 -111701 MISCELLANEOUS INCOME 900099 2296571 2296571 DEFINED BENEFITS RETIREMENT PLAN 900099 540587 540587 2837158 10191323 0 0 6308958 44901 44901 1252400 141612 779191 331597 308735 267524 33871 7340 91817 16024 38278 37515 73744 9517 41327 22900 9605 8961 398 246 66162 61729 2739 1694 120347 112284 4982 3081 176454 75715 49922 50817 2053 25 2028 36891 17261 11018 8612 12791 11851 615 325 180344 168261 7466 4617 73 73 41539 38756 1720 1063 797691 744246 33024 20421 212571 198329 8800 5442 BANK FEES 203839 179197 19725 4917 FEES & SUBSCRIPTIONS 74751 2856 35244 36651 PAYROLL FEES 47714 44518 1975 1221 MISCELLANEOUS 39658 18104 5032 16522 10888 3368 6601 919 3804968 2165039 1081928 558001 2768962 1884349 153968 97962 21670 625 308590 346003 23847723 15691395 7985559 8156328 189211 189222 43758702 50695768 23253358 26617311 78440020 87987568 3025755 2488885 15852037 15890124 1011217 0 55570 55066 19944579 18434075 X 31914255 38896507 26581186 30656986 58495441 69553493 78440020 87987568 6386355 4671697 0 X X 0 1 X 1 0 X 9914732 4941501 3310982 3109568 4004246 25281029 9914732 4941501 3310982 3109568 4004246 25281029 25281029 2405014 2423685 2042560 1602333 1470729 9944321 2361 43492 998286 82455 2296571 3423165 38648515 0.65410 0.68980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39603506 383146 864044 4846654 36004042 36739977 351458 1028679 -1483392 39603506 31099837 838979 1498285 3302876 36739977 31600763 1743081 2106631 4350638 31099837 27224479 5607429 4619864 5851009 31600763 0.15240 0.74040 0.10720 1 0 52187 52187 9345478 6209036 3136442 10548223 6612676 3935547 3901835 2869683 1032152 8156328 CONTRIBUTIONS FROM RESIDUAL TRUSTS 833399 F CHARITABLE REMAINDER TRUSTS 1719047 C PERPETUAL TRUSTS 17225979 C PUBLICLY TRADED SECURITIES 20426812 C CORPORATE BONDS 10451247 C OTHER 39284 C 50695768 DUE FROM GLENWOOD SOUTH 26617311 26617311 SPLIT-INTEREST AGREEMENTS 55066 55066 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 782784 782784 8250 16282 6177 GOLF TOURNAMENT 301430 301430 78884 2108 1084214 1084214 87134 16282 8285 111701 -111701 1 COLLEGE SCHOLARSHIP FROM RATHJE ENDOWMENT 3 12443 OTHER COLLEGE SCHOLARSHIP FROM BRADY ENDOWMENT 5 5000 OTHER COLLEGE SCHOLARSHIP FROM PRATT ENDOWMENT 1 4000 OTHER COLLEGE SCHOLARSHIP FROM GREER ENDOWMENT 4 19583 OTHER COLLEGE SCHOLARSHIP FROM FULTON ENDOWMENT 1 3875 OTHER PART I, LINE 2: EACH ENDOWMENT HAS THEIR OWN REQUIREMENTS TO BE A RECIPIENT OF THE SCHOLARSHIP. X 1 1 X X 0 0 0 0 0 0 0 0 0 MARY HOLLIE CEO & PRESIDENT 359697 0 0 0 0 0 19500 0 0 0 379197 0 0 0 COLLEEN CONLAN-CARTER VP OF ACADEMIC AFFAIRS 195592 0 0 0 0 0 0 0 0 0 195592 0 0 0 KIM LUCKEY VP OF DEVELOPMENT 157633 0 0 0 0 0 0 0 0 0 157633 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 1679 300003 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 VI, SECTION B, LINE 15A THE CEO IS EVALUATED BY THE CHARIMAN OF THE BOARD. HE UTILIZES HIS VAST EXPERIENCE AS WELL AS GUIDESTAR'S COMPARABLE COMPENSATION DATA FOR LIKE AGENCIES. REVIEW IS PEFORMED ANNUALLY IN DECEMBER 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 3363953 ACTUAL COST