2021-06-15T14:25:41-05:00 2020-07-31 363990892 Capin Crouse LLP 55 Shuman Blvd Suite 300 Naperville IL 60563 990 2019-08-01 460944215 Wheaton Academy Foundation WHEA 6305627500 900 Prince Crossing Road West Chicago IL 60185 Steve Karlson COO/CFO 6305627500 2021-06-15 Sara Tibbott P01486965 5055022746 2019 2022-09-23 18:48:47Z Eugene Frost 900 Prince Crossing Road West Chicago IL 60185 273661 0 X www.wheatonacademy.org X 2012 IL To provide ongoing support to Wheaton Academy's mission and programs 12 11 0 11 0 0 67581 125986 0 0 48533 53025 0 0 116114 179011 66490 65468 0 0 0 0 0 0 12020 21850 28810 88340 94278 27774 84733 2925756 3243479 0 66832 2925756 3176647 To hold and manage endowment investments to provide ongoing support to Wheaton Academy's mission and programs. 0 0 65468 65468 Benefit and advance the purposes and functions of Wheaton Academy through awarding scholarships to Wheaton Academy students demonstrating financials need. 65468 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 IL X Patrick Brooke 6305627500 900 Prince Crossing Road West Chicago IL 60185 Eugene Frost Executive Director WAI & WAF 12.00 28.00 X X 0 185143 26870 Kevin Todd Chairman 1.00 X X 0 0 0 Randy Seager Director, Vice Chairman 1.00 X X 0 0 0 Del Stoner Treasurer 1.00 X X 0 0 0 Janel Prichard Secretary 1.00 X X 0 0 0 Gary Franz Director 1.00 X 0 0 0 Chris Lesner Director 1.00 X 0 0 0 Keenan Hamm Director 1.00 X 0 0 0 Damon Winters Director 1.00 X 0 0 0 Jeffrey Martin Director 1.00 X 0 0 0 Dawn Witt Director 1.00 X 0 0 0 Chip Krueger Director 1.00 X 0 0 0 0 185143 26870 0 0 1 0 0 125986 125986 53025 53025 94650 94650 0 0 179011 0 0 53025 65468 65468 6976 6976 9751 9751 936 936 Food & Catering 1761 1761 9386 63 9323 94278 65468 16790 12020 6972 68958 429328 446199 2489425 2728322 31 0 2925756 3243479 0 66832 0 66832 X 85840 87581 2839916 3089066 2925756 3176647 2925756 3243479 84733 166158 0 X 0 1 X 1 0 X X 1 Wheaton Academy 362388793 2 1 65468 0 1 65468 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2489535 108738 209432 65468 9308 9751 2723178 2395493 51550 132791 66490 14723 9086 2489535 2240045 49210 196260 55280 25947 8795 2395493 2058385 41161 256904 53809 28770 33826 2240045 2095891 42341 -1853 61918 16076 2058385 0.02950 0.97050 0 0 0 Due to related party 66832 66832 356168 166158 20750 186908 169260 9751 9751 179011 105277 20750 20750 84527 9751 9751 94278 Part V, Line 4: The money is awarded according to the discretion of the various endowed scholarships. The students who meet the criteria and are selected are then awarded the scholarships and asked to write thank you notes. The endowment funds also cover targeted operating expenses in order to maintain the facilties, as well as the quality of education provided. Part V, lines 2a-2c: In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 7/31/2020. To date, Schedule D has not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Schedule D, Part V, Lines 2a-2c: Line 2a - Without donor restrictions Line 2b - With donor restrictions 1 Wheaton Academy 900 Prince Crossing West Chicago IL 60185 362388793 501(c)(3) 65468 Scholarships 1 0 Part I, Line 2: The organization provides grants to Wheaton Academy, a related organization. The Wheaton Academy Foundation board monitors the gifts and balances of the Foundation funds and determines the amount to Wheaton Academy. There is overlap between Wheaton Academy personnel and the Foundation. 0 0 0 0 0 0 0 0 0 Eugene Frost Executive Director WAI & WAF 0 184838 0 305 0 0 0 9501 0 28905 0 223549 0 0 Form 990, Part VI, Section A, line 1 The Executive Committee, consisting of the Officers of the Corporation, the Head of School of Wheaton Academy and the Director of Development of Wheaton Academy, will act for the Board of Directors in the day to day management of this Corporation in the absence of action by the Board, where legally permissible. The Chairperson of the Corporation shall serve as the Chairperson of the Executive Committee. Form 990, Part VI, Section A, line 7a If the Board of Directors endorse any or all of the candidates so tendered, the Secretary of the Board of Directors shall tender the names and qualification of the candidates so endorsed to the Board of Trustees of Wheaton Academy not later than the regularly scheduled June meeting of the Board of Trustees of Wheaton Academy for a vote to be elected or not elected as Directors of this Corporation. Form 990, Part VI, Section A, line 7b A Director may be removed with or without cause by the Board of Trustees of Wheaton Academy at any time. The power to alter, amend, or repeal these Bylaws, or to adopt new Bylaws, is vested in the Board of Directors subject to the approval of the Board of Trustees of Wheaton Academy. Form 990, Part VI, Section B, line 11b Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's Chairman and Treasurer prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The organization requires all officers and board members to annually complete and sign a conflict of interest questionnaire. The Executive Director is responsible for reviewing the signed statements and ensuring that interested persons are in compliance with the conflict of interest policy. The Chairman reviews the Executive Director's conflict of interest statement. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15 The organization does not compensate any officers or key employees. Therefore, these lines were answered "no" in accordance with the instructions. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy and financial statements are available upon request. Wheaton Academy 900 Prince Crossing West Chicago IL 60185 362388793 Operation of Accredited High School IL 501(c)(3) Line 2 N/A 0 Wheaton Academy Institute 900 Prince Crossing West Chicago IL 60185 474967070 Operating an international student program IL 501(c)(3) Line 12a, I Wheaton Academy 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0