2020-06-10T15:02:08-05:00 2019-07-31 363990892 Capin Crouse LLP 55 Shuman Blvd Suite 300 Naperville IL 60563 990 2018-08-01 460944215 Wheaton Academy Foundation WHEA 6305627500 900 Prince Crossing Road West Chicago IL 60185 Kevin Todd Chairman 6305627500 2020-06-10 Sara Tibbott P01486965 6306829797 139.146.132.42 2020-06-10 16:02:01 ED P A4339394C67BB4A5796D5E13CB6FDA16B2E414AA 9962BB6E0A3A5483B20F859E11A2E286CD28E301 2018 2021-01-29 14:40:06Z Eugene Frost 900 Prince Crossing Road West Chicago IL 60185 206413 0 X www.wheatonacademy.org X 2012 IL To provide ongoing support to Wheaton Academy's mission and programs 11 10 0 10 0 0 49210 67581 0 0 52095 48533 0 0 101305 116114 66462 66490 0 0 0 0 0 0 4719 23326 21850 89788 88340 11517 27774 2400427 2925756 0 0 2400427 2925756 To hold and manage endowment investments to provide ongoing support to Wheaton Academy's mission and programs. 0 0 67908 66490 Benefit and advance the purposes and functions of Wheaton Academy through awarding scholarships to Wheaton Academy students demonstrating financials need. 67908 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 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 11 10 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 IL X Pamela Larsen 6305627500 900 Prince Crossing Road West Chicago IL 60185 Kevin Todd Chairman 1.00 X X 0 0 0 Ginger Johnson 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 Eugene Frost Executive Director WAI & WAF 12.00 28.00 X X 0 188139 24416 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 David Moore Director 1.00 X 0 0 0 0 188139 24416 0 0 1 0 0 67581 67581 48533 48533 90299 90299 0 0 116114 0 0 48533 66490 66490 150 150 4331 4331 9086 9086 1400 1400 2930 2930 1200 1200 Food & Catering 2007 218 1789 746 746 88340 67908 15713 4719 X 114208 6972 429328 2193631 2489425 92588 31 2400427 2925756 0 0 X 82408 85840 2318019 2839916 2400427 2925756 2400427 2925756 27774 84258 413297 0 X X 0 1 X 1 0 X X 1 Wheaton Academy 362388793 2 1 66490 0 1 66490 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 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 2015631 71837 95660 70536 16701 2095891 0.03170 0.96830 0 0 0 245314 84258 54028 138286 107028 9086 9086 116114 133282 54028 54028 79254 9086 9086 88340 Part V, Line 4: The money is awarded according to the direction 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. 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 7/31/2019. 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 Part V, columns (b)-(e): The prior year endowment activity has been updated to reflect corrected balances per the audited financial statements. 1 Wheaton Academy 900 Prince Crossing West Chicago IL 60185 362388793 501(c)(3) 66490 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 186882 0 704 0 553 0 9526 0 23936 0 221601 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. Form 990, Part X, Lines 27-29: 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 7/31/2019. The 2018 Form 990 and its associated schedules have 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, Part X, Lines 27-29: Line 27 - Net assets without donor restrictions $ 85,840 Line 29 - Net assets with donor restrictions $2,839,916 Total net assets $2,925,756 Form 990, Part XII, Line 2c: The organization's board assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. 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 Wheaton Academy B Wheaton Academy L Wheaton Academy N Wheaton Academy O Wheaton Academy P Wheaton Academy Q