2022-05-12T14:28:18-05:00 2021-06-30 362658780 MUELLER & CO LLP 1707 N RANDALL ROAD ELGIN IL 60123 990 2020-07-01 362167722 AMERICAN SCHOOL OF CORRESPONDENCE AMER 7084182800 2200 E 170TH ST LANSING IL 60438 VALERIE J RILEY PRESIDENT 7084182800 2022-05-10 1 VALERIE RILEY 999009999 ELEANOR A LIVINGSTON CPA MST P00226461 8478888600 2022-05-09 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z VALERIE J RILEY 2200 E 170TH ST LANSING IL 60438 6851840 0 X WWW.AMERICANSCHOOL.ORG X 1897 MA PROVIDE A MIDDLE SCHOOL AND HIGH SCHOOL EDUCATION THROUGH THE HOME STUDY METHOD AT A REASONABLE COST TO STUDENTS. 3 3 97 0 0 0 433009 187678 5409220 4511529 367495 660277 0 26915 6209724 5386399 12471 30095 0 0 3205770 2895973 0 0 0 3038659 2855764 6256900 5781832 -47176 -395433 12608817 11965469 3470273 2120984 9138544 9844485 X THE AMERICAN SCHOOL, A NOT FOR PROFIT DISTANCE LEARNING INSTITUTION UTILIZING THE HOME STUDY METHOD, IS DEDICATED TO PROVIDING QUALITY SECONDARY INSTRUCTION AT A REASONABLE COST TO THOSE STUDENTS WHO ARE SEEKING AN ALTERNATIVE MEANS OF COMPLETING THEIR HIGH SCHOOL EDUCATION. 0 0 4564644 30095 4538444 EDUCATIONAL SERVICES: PROVIDE QUALITY SECONDARY INSTRUCTION AT A REASONABLE COST TO STUDENTS SEEKING TO COMPLETE A HIGH SCHOOL EDUCATION THROUGH THE HOME STUDY METHOD. 4564644 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 97 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X CAROL ROGERS 7084182810 2200 E 170TH STREET LANSING IL 60438 DR JOHN KEMP TRUSTEE 1.00 X 0 0 0 GARY MASTERTON RETIRED PRES TRUSTEE 1.00 X 20000 0 0 VALERIE RILEY PRESIDENT 37.50 X 96810 0 12751 CAROL ROGERS CPA CFO 24.00 X 13828 0 0 130638 0 12751 0 0 0 0 PSI 956 S BARLETT RD SUITE 191 BARTLETT IL 60103 IT SUPPORT 103718 1 187678 187678 TRAINING COURSES 900099 4473395 4473395 OTHER STUDENT SERVICES 900099 38134 38134 4511529 255065 255065 1870653 1465441 405212 405212 405212 MISCELLANEOUS 900099 26915 26915 26915 5386399 4538444 0 660277 30095 30095 143389 102687 40702 2082937 1491682 591255 524536 375643 148893 145111 103920 41191 7682 7682 33100 33100 43375 43375 181403 67972 113431 44517 8013 36504 56668 43503 13165 69252 53164 16088 EDUCATION MATERIALS 905860 888968 16892 0 DISCOUNT AND PROVISION 765130 765130 SOTWARE AND LICENSES 246695 236468 10227 SHIPPING AND RECEIVING 216588 202247 14341 0 285494 195152 90342 5781832 4564644 1217188 0 433293 123319 1228686 991002 866509 581505 79487 248343 3293331 2551948 636627 741383 9364215 9279917 12608817 11965469 390716 265936 2826495 1788656 253062 66392 3470273 2120984 X 7838544 8544485 1300000 1300000 9138544 9844485 12608817 11965469 -395433 1101374 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1300000 239621 239621 1300000 1300000 66227 66227 1300000 1300000 85812 85812 1300000 1300000 85306 85306 1300000 1258167 154286 112453 1300000 1.00000 0 0 225000 225000 2776143 2346112 430031 292188 205836 86352 741383 SCHOLARSHIP AWARDS PAYABLE 35480 DEFERRED LEASE INCENTIVE 30912 66392 X 5649173 1101374 1101374 4547799 43375 795225 838600 5386399 4943232 0 4943232 43375 795225 838600 5781832 PART V, LINE 4: THE ENDOWMENT IS USED FOR GENERAL SCHOOL OPERATIONS. PART X, LINE 2: THE SCHOOL HAS BEEN DETERMINED TO BE EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR EITHER FEDERAL OR STATE INCOME TAXES. THE SCHOOL HAS EVALUATED THE TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS. CURRENTLY, THE TAX RETURN FOR THE YEARS ENDED JUNE 30, 2018, 2019 AND 2020 ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE; HOWEVER, THE SCHOOL IS NOT CURRENTLY UNDER AUDIT NOR HAS THE SCHOOL BEEN CONTACTED BY THIS JURISDICTION. BASED ON THE EVALUATION OF THE SCHOOL'S TAX POSITION, MANAGEMENT BELIEVES ALL POSITIONS WOULD BE UPHELD UNDER AN EXAMINATION; THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEARS ENDED JUNE 30, 2021 AND 2020. PART XI, LINE 4B - OTHER ADJUSTMENTS: DISCOUNT AND PROVISION FOR CANCELLATION 765,130. SCHOLARSHIPS 30,095. PART XII, LINE 4B - OTHER ADJUSTMENTS: DISCOUNT AND PROVISION FOR CANCELLATION 765,130. SCHOLARSHIPS 30,095. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ORGANIZATIONS NONDISCRIMINATORY POLICY IS DESCRIBED IN A SCHOOL BULLETIN WHICH IS DISTRIBUTED TO ALL STUDENTS. 1 SCHOLARSHIPS 10 30095 PART I, LINE 2: FORMER GRADUATES APPLY FOR THE SCHOLARSHIP BY WRITING A TWO PAGE SYNOPSIS STATING WHY THEY BELIEVE THEY SHOULD BE AWARDED THE SCHOLARSHIP. A SELECTION COMMITTEE THEN REVIEWS ALL OF THE APPLICATIONS AND CHOOSES THE RECIPIENTS. THE SCHOLARSHIPS ARE THEN PAID DIRECTLY TO THE RECIPIENT'S SCHOOL OR PAID TO THE RECIPIENT FOR TUITION THROUGH A REIMBURSEMENT PROCESS. FORM 990, PART VI, SECTION A, LINE 6 FULL TIME EMPLOYEES OF THE SCHOOL MAY BE MEMBERS OF THE CORPORATION IN ADDITION TO MEMBERS OF THE BOARD OF TRUSTEES. MEMBERS ARE SELECTED BY INVITATION OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CORPORATION MAY SUBMIT NOMINATIONS FOR MEMBERS OF THE BOARD OF TRUSTEES. THE MEMBERS OF THE CORPORATION AT A DULY CALLED MEETING MAY OVERRULE BY THREE-FOURTHS VOTE THE ACTION OF THE BOARD OF TRUSTEES IN APPROVING OR REMOVING A MEMBER. FORM 990, PART VI, SECTION B, LINE 11B 990 IS REVIEWED BY THE FINANCE COMMITTEE AND MADE AVAILABLE TO THE ENTIRE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS ANNUALLY SIGNS A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY B. HAS READ AND UNDERSTANDS THE POLICY C. HAS AGREED TO COMPLY WITH THE POLICY D. UNDERSTANDS AMERICAN SCHOOL IS A NON-PROFIT AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION REVIEW OF CEO, EXECUTIVE DIRECTOR, AND TOP MANAGEMENT IS PERFORMED BY THE THE BOARD OF TRUSTEE. THE COMPENSATION REVIEW OF OFFICERS AND KEY EMPLOYEES IS PERFORMED BY THE THE BOARD OF TRUSTEE, CFO, AND PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST