2016-07-14T12:27:41-05:00 2015-08-31 BKD LLP 1901 S Meyers Road Suite 500 Oakbrook Terrace IL 601815209 990 2014-09-01 362167087 GLENWOOD ACADEMY % MICHELE MARTIN GLEN 7087540175 500 W 187TH ST GLENWOOD IL 60425 MARY HOLLIE PRESIDENT & CEO 7087540175 2016-04-15 true David R Siehoff P00175845 6302829500 2016-07-15 2014 2016-09-27 15:27:22Z Mary Hollie 500 W 187th Street Glenwood IL 60425 12331130 false 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 25 19 0 0 2894014 3711462 0 0 2356009 2092506 113554 129226 5363577 5933194 4802940 6293328 0 0 402054 1810323 0 0 1270311 1594589 1502285 6799583 9605936 -1436006 -3672742 84333941 75882426 32748326 33088686 51585615 42793740 To provide a high quality education and residential program for students from lower income and single-parent families, who seek a positive alternative to home and community situations which impede opportunities to achieve their potential. false false 7647353 4768126 Direct support of Glenwood South and Glenwood West affiliated organizations operating schools at respective campus locations. 7647353 true true false false false false false false true true true false true true true false true false false false false false false true false false true true true false false false false false false false true true false false false false true true true false false true 4 0 true 19 true false false false false false true true false false false false X 25 25 false false false false false false false true true false false true true true true true true true true false IL WI X MICHELE MARTIN 7087540175 500 W 187TH ST GLENWOOD IL 60425 Alan Duff TRUSTEE 1.0 0.0 X 0 0 0 BLANCHE E HILL TRUSTEE 1.0 0.0 X 0 0 0 Boris Elisman VICE CHAIRMAN 1.0 0.0 X 0 0 0 CHARLES WALLS TRUSTEE 1.0 0.0 X 0 0 0 CRAIG STERN VICE CHAIRMAN 1.0 0.0 X 0 0 0 DAVID VITALE TRUSTEE 1.0 0.0 X 0 0 0 DENNIS BERGER VICE CHAIRMAN 1.0 0.0 X 0 0 0 Harry Hostetler VICE CHAIRMAN 1.0 0.0 X 0 0 0 HELMUT MLAKAR TRUSTEE 1.0 0.0 X 0 0 0 JULIE BADEL TRUSTEE 1.0 0.0 X 0 0 0 KURT GABOUER TREASURER/VICE CHAIRMAN 1.0 0.0 X X 0 0 0 LOUIS WEBER III TRUSTEE 1.0 0.0 X 0 0 0 MARK WIGHT CHAIRMAN 1.0 0.0 X 0 0 0 MATTHEW DARNALL TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL LYON TRUSTEE 1.0 0.0 X 0 0 0 NORMAN WESLEY VICE CHAIRMAN 1.0 0.0 X 0 0 0 PAMELA LAWLOR VICE CHAIRMAN 1.0 0.0 X 0 0 0 PATRICK FLINN VICE CHAIRMAN 1.0 0.0 X 0 0 0 PERRY PERO TRUSTEE 1.0 0.0 X 0 0 0 ROBERT J DARNALL TRUSTEE 1.0 0.0 X 0 0 0 S Biff Bowman VICE CHAIRMAN 1.0 0.0 X 0 0 0 William Osborne TRUSTEE 1.0 0.0 X 0 0 0 CHRISTOPHER MCMAHON TRUSTEE 1.0 0.0 X 0 0 0 TIMOTHY J GARDNER VICE CHAIRMAN 1.0 0.0 X 0 0 0 Mary Hollie PRESIDENT & CEO 20.0 20.0 X 129437 0 0 Juliette Jackson Vice President & CFO 20.0 20.0 X 133437 0 0 Michele Wysoglad Vice President of Development 20.0 20.0 X 148955 0 0 John F Irwin PRESIDENT & CEO 20.0 20.0 X 106775 0 0 518604 0 0 4 true false false 0 X 751319 2960143 93107 3711462 0 1029431 1029431 0 0 16052 16052 0 16052 16052 7350281 75 6287281 0 1063000 75 1063075 1063075 158629 751319 110655 47974 47974 0 0 MISCELLANEOUS 900099 65200 65200 65200 5933194 65200 2156532 6150789 6150789 142539 142539 0 0 607255 240191 122093 244971 0 684418 270712 137607 276099 273704 108260 55030 110414 153220 60604 30806 61810 91726 36281 18442 37003 0 0 50369 19923 10127 20319 0 0 0 0 0 79694 31522 16023 32149 0 0 120088 47499 24145 48444 0 0 0 0 0 153235 60610 30809 61816 43927 17375 8832 17720 BAD DEBT EXPENSE 679407 268730 136600 274077 BOND FINANCING COSTS 145284 57465 29210 58609 SPECIAL EVENTS 47426 23110 11747 12569 FOOD 35476 14032 7133 14311 147379 97711 49668 9605936 7647353 688272 1270311 X 188934 96240 480183 445303 1012500 265000 109728 10547 0 0 0 0 0 0 8933 8642 740477 705773 19419739 11828799 7677632 7590940 180036 180036 61878581 54098970 0 0 0 0 12056937 12480975 84333941 75882426 2638162 2983699 0 0 0 0 30000000 30000000 0 0 0 0 0 0 0 0 110164 104987 32748326 33088686 X 23498617 17467773 5055358 4089139 23031640 21236828 51585615 42793740 84333941 75882426 X -3672742 -3948267 -1170866 X false true X true false X 3934420 3403145 3577045 2894014 3711462 17520086 0 0 3934420 3403145 3577045 2894014 3711462 17520086 0 17520086 2387785 2451730 2796649 2077431 1045483 10759078 0 37251 25501 19979 42136 65200 190067 28469231 0.61540 0.50780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39953948 141769 -3365884 5307423 31422410 36550789 280206 8513303 5390350 39953948 24687613 1237394 15177414 4551632 36550789 24438104 1794130 3587647 5132268 24687613 22506420 3501918 4647055 6217289 24438104 0.26032 0.67585 0.06383 true false 87734 87734 9893236 5554699 4338537 7379796 4634655 2745141 2058973 1639445 419528 7590940 CONTRIB. FROM RESIDUAL TRUSTS 1707411 F CHARITABLE GIFT ANNUITIES 265261 F CHARITABLE REMAINDER TRUSTS 79573 F PERPETUAL TRUSTS 13221156 F ASSETS HELD CRAT 440131 F CA LAND HELD FOR INVESTMENT 108756 F SOUTH CAMPUS LAND 542033 F MUTUAL FUNDS 33170260 F FIXED INCOME 2426439 F EXCHANGE TRADED FUNDS 2137950 F 54098970 PPE AVAILABLE FOR SALE 8300000 DUE TO/FROM AFFILIATE 4180975 12480975 0 LIABILITIES UNDER SPLIT-INTEREST ARRANGEMENTS 104987 104987 X 924716 -3948267 -1170866 -5119133 6043849 -110655 -110655 5933194 9716591 110655 110655 9605936 9605936 Part V, Line 4 To provide funding to programs and enhance the sustainability of the orgaNization. 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 position will be sustained upon examination. Glenwood has no ongoing federal or state income tax examinations. Glenwood is no longer subject to federal or state income tax audits before its year ending August 31, 2012. PART XI, LINE 2D CHANGE IN VALUE OF SPLIT INTEREST ARRANGEMENTS - $,1,170,886 PART XI, LINE 4B FUNDRAISING EXPENSES NETTED AGAINST INCOME - $110,655 PART XII, LINE 2D FUNDRAISING EXPENSES NETTED AGAINST INCOME - $110,655 Luncheon 709726 627770 81956 21400 23325 15736 COMM. CELEBRAT. 102802 65814 36988 778 213 4981 7732 1 97420 57735 39685 11266 11598 13626 909948 751319 158629 12044 33211 28306 37094 110655 47974 true Glenwood South 500 W 187th Glenwood IL 60425 364063075 501(c)(3) 5709421 CASH Operational support Glenwood West 500 W 187th Glenwood IL 60425 364062738 501(c)(3) 441368 CASH Operational support 2 HEIDRICK COLLEGE SCHOLARSHIP 1 5739 SCHOLARSHIP(S) FOR MARIAN CATHOLIC HIGH SCHOOL 14 101309 PRATT COLLEGE SCHOLARSHIP 3 4492 GREER SCHOLARSHIP 4 12000 RATHJE COLLEGE SCHOLARSHIP 3 18999 PART I, LINE 2 Monthly reconciliations are performed X true true X false false false false false false false false false John F Irwin PRESIDENT & CEO 102744 0 0 0 4031 0 0 0 0 0 106775 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. TRAVEL EXPENSES SUCH AS MILEAGE, GAS, AND MAINTENANCE THAT ARE INCURRED ARE REIMBURSED BY THE ORGANIZATION. Wight Company LLC OWNED BY BOARD MEMBER 13219 Bathroom Remodeling false X 1260 73436 FMV false false false Form 990, Part VI, Section B, Line 11 The governing board reviews the Form 990 before it is filed. Porm 990, Part VI, Section B, Line 12c The bylaws contain provisions regarding trhe conflict of interest policy. The board regularly reviews the bylaws and approves of any changes. 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 serach firms is obtained if necessary. Compensation adjustments are commensurate with increases of living. Form 990, Part VI, Section C, Line 19 Available upon request FORM 990, PART XI, LINE 9 CHANGE IN VALUE OF SPLIT-INTEREST ARRANGEMENTS - $1,170,866 Glenwood West 500 W 187th ST Glenwood IL 60425 364062738 Property IL 501(c)(3) 2 GLENWD ACAD true Glenwood South 500 W 187th ST Glenwood IL 60425 364063075 Residence IL 501(c)(3) 2 na false false true false false false false false false false false false true false true true false false false false Glenwood South B 5709421 ACTUAL COST Glenwood West B 441368 ACTUAL COST GLENWOOD SOUTH O 386001 ESTIMATE