2021-04-26T13:57:28-05:00 2020-08-31 410746749 CLIFTONLARSONALLEN LLP 1301 WEST 22ND STREET SUITE 1100 OAK BROOK IL 60523 990 2019-09-01 362167087 GLENWOOD ACADEMY GLEN 7087565430 500 W 187TH ST GLENWOOD IL 60425 MARY HOLLIE PRESIDENT AND CEO 7087565430 2021-04-21 1 JAMES R THOMAS P00095586 6305738600 2021-04-14 2019 2022-09-23 18:48:47Z MARY HOLLIE 500 WEST 187TH STREET GLENWOOD IL 60425 13618303 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 24 122 91 0 0 3235438 3062885 0 0 1667988 838626 882457 -72986 5785883 3828525 23936 37692 0 0 2593730 1797803 0 0 576595 3308086 2200017 5925752 4035512 -139869 -206987 74052401 78440020 18806609 19944579 55245792 58495441 GLENWOOD ACADEMY ERADICATES POVERTY, INJUSTICE, AND INEQUALITY THROUGH THE POWER OF RESIDENTIAL EDUCATION. 0 0 2362370 37692 763707 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 2362370 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 90 0 1 122 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL WI X ABIGAIL CANO 7087565430 500 WEST 187TH STREET GLENWOOD IL 60425 NORMAN WESLEY VICE CHAIRMAN 1.00 1.00 X X 0 0 0 S BIFF BOWMAN BOARD CHAIRMAN 1.00 1.00 X X 0 0 0 PATRICK FLINN VICE CHAIRMAN OF DEVELOPME 1.00 1.00 X X 0 0 0 KURT GABOUER TREASURER 1.00 1.00 X X 0 0 0 HARRY HOSTETLER VICE CHARIMAN OF THE BUILD 1.00 1.00 X X 0 0 0 PAMELA LAWLOR VICE CHAIRMAN OF STUDENT & 1.00 2.00 X X 0 0 0 MARK WIGHT VICE CHAIRMAN 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 JAN MAZZA MEMBER 1.00 1.00 X 0 0 0 BORIS ELISMAN VICE CHAIRMAN OF FINANCE & 1.00 1.00 X X 0 0 0 MARY HOLLIE CEO & PRESIDENT 40.00 2.00 X 350302 0 19500 CHARLES KUDIA CFO 40.00 1.00 X 122623 0 0 COLLEEN CONLAN-CARTER VP OF ACADEMIC AFFAIRS 40.00 1.00 X 185016 0 0 KIM LUCKEY VP OF DEVELOPMENT 40.00 1.00 X 154442 0 0 812383 0 19500 4 0 1 0 MORGAN BIRGE & ASSOCIATES 119 WEST HUBBARD STREET 4TH FLOOR CHICAGO IL 60654 IT, COMPUTERS, NOTEBOOKS, SERVICE REQUES 236000 JOHN CHARLES MIDWEST 11504 W 183RD STREET ORLAND PARK IL 60467 THRALL CENTER, RENOVATIONS 139034 TOTAL AUTOMATION CONCEPTS INC 5602 W 120TH STREET ALSIP IL 60803 HVAC CONTROLS PROJ ALL 14 COTTAGES 101656 3 911999 2150886 3062885 1602333 1602333 8459966 363981 9401965 185689 -941999 178292 -763707 -763707 46683 911999 202124 -155441 -155441 MISCELLANEOUS 900099 82455 82455 82455 3828525 0 0 765640 37692 37692 1258407 143792 776315 338300 364990 323742 32365 8883 90137 16622 36519 36996 84269 10110 50664 23495 -2655 -2477 -110 -68 67279 62772 2785 1722 94903 88544 3929 2430 149805 48249 47808 53748 45641 16548 17590 11503 8431 1431 3856 3144 254848 237773 10551 6524 3871 749 2645 477 6402 6352 50 422815 394486 17505 10824 731768 682740 30295 18733 235185 219427 9737 6021 FEES & SUBSCRIPTIONS 79020 3591 37878 37551 PAYROLL FEES 57622 53761 2386 1475 MISCELLANEOUS 21699 6482 1327 13890 BANK FEES 15562 12528 2690 344 7821 3808 3460 553 4035512 2362370 1096547 576595 1034944 2768962 207691 153968 23242 21670 391899 308590 22916850 14931291 8376969 7985559 187694 189211 44600809 43758702 19229153 23253358 74052401 78440020 2864239 3025755 15873754 15852037 1011217 68616 55570 18806609 19944579 X 30514761 31914255 24731031 26581186 55245792 58495441 74052401 78440020 X -206987 2721627 735009 X X 0 1 X 1 0 X 5155052 9914732 4941501 3310982 3109568 26431835 5155052 9914732 4941501 3310982 3109568 26431835 26431835 2157755 2405014 2423685 2042560 1602333 10631347 129489 2361 43492 998286 82455 1256083 38319265 0.68980 0.70500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36739977 351458 1028679 -1483392 39603506 31099837 838979 1498285 3302876 36739977 31600763 1743081 2106631 4350638 31099837 27224479 5607429 4619864 5851009 31600763 31422410 2239543 1202320 7639794 27224479 0.11850 0.79490 0.08660 1 0 65234 65234 9345478 6043687 3301791 9716210 6250991 3465219 3789928 2636613 1153315 7985559 CONTRIBUTIONS FROM RESIDUAL TRUSTS 1436017 F CHARITABLE REMAINDER TRUSTS 718959 C PERPETUAL TRUSTS 14784398 C PUBLICLY TRADED SECURITIES 16461776 C CORPORATE BONDS 9924054 C OTHER 433498 C 43758702 DUE FROM GLENWOOD SOUTH 23253358 23253358 SPLIT-INTEREST AGREEMENTS 55570 55570 X PART X, LINE 2: GLENWOOD IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE 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 POISITION WILL BE SUSTAINED UPON EXAMINATION. GLENWOOD HAS NO ONGLING FEDERAL OR STATE INCOME TAX EXAMINATIONS. GLENWOOD IS NO LONGER SUBJECT TO FEDERAL OR STATE INCOME TAX AUDITS BEFORE ITS YEAR ENDING AUGUST 31, 2017. PART V, LINE 4: TO PROVIDE FUNDING TO PROGRAMS AND ENHANCE THE SUSTAINABILITY OF THE ORGANIZATION. THANKSGIVING CELEBRATION 738132 691449 46683 46683 26445 4683 6500 47248 GOLF TOURNAMENT 190425 190425 63131 77 2 25875 25875 3156 1342 954432 907749 46683 46683 92732 4683 6500 48667 199265 -152582 1 COLLEGE SCHOLARSHIP FROM RATHJE ENDOWMENT 2 8750 OTHER COLLEGE SCHOLARSHIP FROM BRADY ENDOWMENT 1 1000 OTHER COLLEGE SCHOLARSHIP FROM PRATT ENDOWMENT 1 2000 OTHER COLLEGE SCHOLARSHIP FROM GREER ENDOWMENT 3 20942 OTHER COLLEGE SCHOLARSHIP FROM FULTON ENDOWMENT 1 5000 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 0 0 350302 0 0 0 19500 0 0 0 369802 0 0 0 COLLEEN CONLAN-CARTER VP OF ACADEMIC AFFAIRS 0 0 185016 0 0 0 0 0 0 0 185016 0 0 0 KIM LUCKEY VP OF DEVELOPMENT 0 0 154442 0 0 0 0 0 0 0 154442 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 297267 FMV 0 0 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 15B 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 B, LINE 12C THE BYLAWS CONTAIN PROVISIONS FOR THE CONFLICT OF INTEREST POLICY. THE BOARD REGULARLY REVIEWS THE BYLAWS AND APPROVES OF ANY CHANGES. OFFICERS AND KEY EMPLOYEES UNDERSTAND THEY ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS ANNUALLY. CONFLICTS ARE DISCUSSED AT THE ANNUAL BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE CONVENES TO REVIEW JOB PERFORMANCE AND DETERMINE IF ANY CHANGE TO COMPENSATION IS NECESSARY. INPUT FROM OUTSIDE SEARCH FIRMS IS OBTAINED IF NECESSARY. THIS PROCESS INCLUDES CONTEMPORANEOUS SUBSTANTIATION. THE USE OF HR CONSULTANTS, AND EXTERNAL BENCHMARKING. COMPENSATION ADJUSTMENTS ARE COMMENSURATE WITH INCREASES OF LIVING. THE MOST RECENT REVIEW WAS CONDUCTED DURING DECEMBER, 2018 FOR THE PRESIDENT AND CHAIRMAN. FORM 990, PART VI, SECTION C, LINE 19 ALL ARE AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9: PRIOR PERIOD ADJUSTMENT FOR BENEFICIAL INTEREST IN UNITRUST 735,009. 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 4024255 ACTUAL COST