MORGAN PARK ACADEMY: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
MORGAN PARK ACADEMY (EIN 36-1502650)
Tax period
2013-07-01 to 2014-06-30
Filed
2014-12-12
IRS object ID
201433469349300248
Schema version
2013v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2014-12-12T21:38:34-06:00ReturnTs
Tax Period End2014-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN362886485PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DUGAN & LOPATKA CPA'S PCBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1104 E ROOSEVELT ROAD SUITE 102AddressLine1
CityWHEATONCity
StateILState
ZIP Code601875267ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2013-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN361502650EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MORGAN PARK ACADEMYBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlMORGBusinessNameControlTxt
Phone7738816700PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12153 WEST 111TH STREETAddressLine1
CityCHICAGOCity
StateILState
ZIP Code60643ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRAJEEV RATHIPersonNm
Person TitleBOARD PRESIDENTPersonTitleTxt
Phone7738816700PhoneNum
Signature2014-11-18SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARK SCHULTZPreparerPersonNm
PTINP01401491PTIN
Phone6306654440PhoneNum
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2015-11-30 17:44:51ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerRAJEEV RATHIPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12153 WEST 111TH STREETAddressLine1
CityCHICAGOCity
StateILState
ZIP Code60643ZIPCode
FieldValueIRS element (for citing)
Gross Receipts$8,775,709GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.MORGANPARKACADEMY.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1942FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionINDEPENDENT SCHOOL FOR PRE-SCHOOL - 12TH GRADEActivityOrMissionDesc
Voting Members Governing Body13VotingMembersGoverningBodyCnt
Voting Members Independent13VotingMembersIndependentCnt
Total Employee151TotalEmployeeCnt
Total Volunteers100TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$482,836PYContributionsGrantsAmt
CY Contributions Grants$624,873CYContributionsGrantsAmt
PY Program Service Revenue$7,181,804PYProgramServiceRevenueAmt
CY Program Service Revenue$7,730,482CYProgramServiceRevenueAmt
PY Investment Income$2,341PYInvestmentIncomeAmt
CY Investment Income$17,002CYInvestmentIncomeAmt
PY Other Revenue$75,768PYOtherRevenueAmt
CY Other Revenue$114,983CYOtherRevenueAmt
PY Total Revenue$7,742,749PYTotalRevenueAmt
CY Total Revenue$8,487,340CYTotalRevenueAmt
PY Grants And Similar Paid$902,459PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,305,904CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$5,139,586PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$5,289,143CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$487,194CYTotalFundraisingExpenseAmt
PY Other Expenses$1,695,968PYOtherExpensesAmt
CY Other Expenses$2,020,694CYOtherExpensesAmt
PY Total Expenses$7,738,013PYTotalExpensesAmt
CY Total Expenses$8,615,741CYTotalExpensesAmt
PY Revenues Less Expenses$4,736PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$128,401CYRevenuesLessExpensesAmt
Total Assets BOY$7,344,344TotalAssetsBOYAmt
Total Assets EOY$7,113,387TotalAssetsEOYAmt
Total Liabilities BOY$4,491,079TotalLiabilitiesBOYAmt
Total Liabilities EOY$4,388,320TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,853,265NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,725,067NetAssetsOrFundBalancesEOYAmt
MissionMORGAN PARK ACADEMY OPERATES A PRIVATE INDEPENDENT SCHOOL FOR PRESCHOOL THROUGH GRADE 12MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$7,279,739ExpenseAmt
Grant$1,305,904GrantAmt
Revenue$7,730,482RevenueAmt
DescMORGAN PARK ACADEMY OPERATES A PRIVATE INDEPENDENT SCHOOL FOR PRESCHOOL THROUGH GRADE 12 AND HAS APPROXIMATELY 423 STUDENTSDesc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescTHE ACADEMY RECEIVES DONATED SERVICES FROM PARENTS OF STUDENTS. THE VALUE OF THESE SERVICES CANNOT BE DETERMINED.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$7,279,739TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document20IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee151EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members13GoverningBodyVotingMembersCnt
Independent Voting Member13IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MERCEDES SHEPPARDBusinessNameLine1
FieldValueIRS element (for citing)
Phone7738816700PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12153 WEST 111TH STREETAddressLine1
CityCHICAGOCity
StateILState
ZIP Code60643ZIPCode

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
RAJEEV RATHI
BOARD PRESIDENT4.00Yes (X)Yes (X)$0$0$0
COLIN MCFARLAND
BOARD VICE PRESIDENT4.00Yes (X)Yes (X)$0$0$0
GENE RANIERI
BOARD SECRETARY/TREASURER4.00Yes (X)Yes (X)$0$0$0
CARLOS SMITH
BOARD MEMBER4.00Yes (X)$0$0$0
GEORGE RIBET
BOARD MEMBER4.00Yes (X)$0$0$0
BEVERLY BIGGS
BOARD MEMBER4.00Yes (X)$0$0$0
IMRE BOARDEN
BOARD MEMBER4.00Yes (X)$0$0$0
DAVID JENSEN
BOARD MEMBER4.00Yes (X)$0$0$0
LINDA KLAWITTER
BOARD MEMBER4.00Yes (X)$0$0$0
MARC SOKOL
BOARD MEMBER4.00Yes (X)$0$0$0
ALOYSIUS STONITSCH
BOARD MEMBER4.00Yes (X)$0$0$0
LISA DANIEL-OLIMENE
BOARD MEMBER4.00Yes (X)$0$0$0
MICHAEL HARRIS
BOARD MEMBER4.00Yes (X)$0$0$0
CATHERINE RAAFLAUB
FORMER HEAD OF SCHOOL50.00Yes (X)$234,975$0$31,604
MERCEDES SHEPPARD
ASSISTANT HEAD/INTERIM HEAD OF SCHOOL50.00Yes (X)$113,621$0$9,731
FieldValueIRS element (for citing)
Total Reportable Comp From Org$348,596TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$41,335TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$162,216FundraisingAmt
All Other Contributions$462,657AllOtherContributionsAmt
Noncash Contributions$19,732NoncashContributionsAmt
Total Contributions$624,873TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION611600$7,353,894$7,353,894
ACTIVITIES & SERVICES611710$376,588$376,588
FieldValueIRS element (for citing)
Total Program Service Revenue$7,730,482TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,032TotalRevenueColumnAmt
Exclusion$2,032ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$148,315RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$148,315RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$148,315TotalRevenueColumnAmt
Exclusion$148,315ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$219,926SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$204,956SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$14,970SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$14,970TotalRevenueColumnAmt
Exclusion$14,970ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$38,684FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$162,216ContriRptFundraisingEventAmt
Fundraising Direct Expenses$71,139FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$32,455TotalRevenueColumnAmt
Exclusion-$32,455ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$11,397GrossSalesOfInventoryAmt
Cost Of Goods Sold$12,274CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$877TotalRevenueColumnAmt
Exclusion-$877ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,487,340TotalRevenueColumnAmt
Related Or Exempt Func Income$7,730,482RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$131,985ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$1,305,904TotalAmt
Program Services$1,305,904ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$389,931TotalAmt
Program Services$137,240ProgramServicesAmt
Management And General$126,956ManagementAndGeneralAmt
Fundraising$125,735FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$3,859,499TotalAmt
Program Services$3,249,356ProgramServicesAmt
Management And General$446,785ManagementAndGeneralAmt
Fundraising$163,358FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$22,801TotalAmt
Program Services$17,100ProgramServicesAmt
Management And General$3,648ManagementAndGeneralAmt
Fundraising$2,053FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$567,643TotalAmt
Program Services$441,388ProgramServicesAmt
Management And General$86,680ManagementAndGeneralAmt
Fundraising$39,575FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$449,269TotalAmt
Program Services$336,952ProgramServicesAmt
Management And General$71,883ManagementAndGeneralAmt
Fundraising$40,434FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$128,032TotalAmt
Program Services$128,032ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$105,920TotalAmt
Program Services$100,624ProgramServicesAmt
Management And General$5,296ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$163,812TotalAmt
Program Services$140,412ProgramServicesAmt
Fundraising$23,400FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$59,776TotalAmt
Program Services$59,776ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$292,377TotalAmt
Program Services$270,449ProgramServicesAmt
Management And General$21,928ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$261,525TotalAmt
Program Services$261,525ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$276,957TotalAmt
Program Services$276,957ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$71,418TotalAmt
Management And General$71,418ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtFundraisingFundraisingAmt
SCHOOL BUS TRANSPORTATI$261,186$261,186
FUNDRAISING$92,639$92,639
INSTRUCTIONAL$79,693$79,693
CLUB EXPENSES$61,051$61,051

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$166,308TotalAmt
Program Services$152,094ProgramServicesAmt
Management And General$14,214ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$8,615,741TotalAmt
Program Services$7,279,739ProgramServicesAmt
Management And General$848,808ManagementAndGeneralAmt
Fundraising$487,194FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$484,968BOYAmt
EOY$503,375EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$40,632BOYAmt
EOY$23,167EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$365,692BOYAmt
EOY$406,755EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$15,073BOYAmt
EOY$15,073EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$62,604BOYAmt
EOY$40,899EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$10,597,873LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$4,522,941LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$6,132,942BOYAmt
EOY$6,074,932EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$193,583BOYAmt
EOY$3,124EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$48,850BOYAmt
EOY$46,062EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$7,344,344BOYAmt
EOY$7,113,387EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$445,149BOYAmt
EOY$497,974EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$698,947BOYAmt
EOY$620,603EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$3,168,194BOYAmt
EOY$3,163,135EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$178,789BOYAmt
EOY$106,608EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,491,079BOYAmt
EOY$4,388,320EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,705,414BOYAmt
EOY$2,688,966EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$147,851BOYAmt
EOY$36,101EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,853,265BOYAmt
EOY$2,725,067EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,344,344BOYAmt
EOY$7,113,387EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$128,401ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$203NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$676,996OtherCostOrOtherBasisAmt
Book Value$676,996BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$6,778,638OtherCostOrOtherBasisAmt
Depreciation$1,873,134DepreciationAmt
Book Value$4,905,504BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$479,490OtherCostOrOtherBasisAmt
Depreciation$261,836DepreciationAmt
Book Value$217,654BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,195,719OtherCostOrOtherBasisAmt
Depreciation$1,988,982DepreciationAmt
Book Value$206,737BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$467,030OtherCostOrOtherBasisAmt
Depreciation$398,989DepreciationAmt
Book Value$68,041BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$6,074,932TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescCAPITAL LEASEDesc
Amt$106,608Amt
FieldValueIRS element (for citing)
Total Liability$106,608TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$7,237,468TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$203NetUnrealizedGainsInvstAmt
Other Revenue$55,829OtherRevenueAmt
Revenue Not Reported$56,032RevenueNotReportedAmt
Revenue Subtotal$7,181,436RevenueSubtotalAmt
Other Revenues Not Included$1,305,904OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$1,305,904RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$8,487,340TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$7,365,666TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$55,829OtherExpensesIncludedAmt
Expenses Not Reported$55,829ExpensesNotReportedAmt
Expenses Subtotal$7,309,837ExpensesSubtotalAmt
Other Expenses Not Included$1,305,904OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$1,305,904ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$8,615,741TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE ACADEMY FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND ILLINOIS. WITH FEW EXCEPTIONS, THE ACADEMY IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL, OR NON-U.S. INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2010. THE ACADEMY DOES NOT EXPECT A MATERIAL NET CHANGE IN UNRECOGNIZED TAX BENEFITS IN THE NEXT TWELVE MONTHS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:FUNDRAISING EXPENSES 55,829.
PART XI, LINE 4B - OTHER ADJUSTMENTS:FINANCIAL AID 1,305,904.
PART XII, LINE 2D - OTHER ADJUSTMENTS:FUNDRAISING EXPENSES 55,829.
PART XII, LINE 4B - OTHER ADJUSTMENTS:FINANCIAL AID 1,305,904.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED IN SCHOOL ADVERTISEMENTS SOLICITING STUDENTS IN SEVERAL DIFFERENT NEWSPAPERS.
SCHEDULE E, PART I, LINE 6THE ACADEMY RECEIVES TITLE II AND TITLE IV MONEY FOR THE STUDENTS

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Name Of Event1GALANameOfEvent1Amt
Gross Receipts Event1$126,510GrossReceiptsEvent1Amt
Charitable Contri Event1$102,560CharitableContriEvent1Amt
Gross Revenue Event1$23,950GrossRevenueEvent1Amt
Non Cash Prizes Event1$11,075NonCashPrizesEvent1Amt
Rent Facility Costs Event1$8,306RentFacilityCostsEvent1Amt
Food And Beverage Event1$20,174FoodAndBeverageEvent1Amt
Entertainment Event1$8,550EntertainmentEvent1Amt
Other Direct Expenses Event1$450OtherDirectExpensesEvent1Amt
Name Of Event2GOLFNameOfEvent2Amt
Gross Receipts Event2$51,380GrossReceiptsEvent2Amt
Charitable Contri Event2$37,526CharitableContriEvent2Amt
Gross Revenue Event2$13,854GrossRevenueEvent2Amt
Non Cash Prizes Event2$4,795NonCashPrizesEvent2Amt
Rent Facility Costs Event2$12,500RentFacilityCostsEvent2Amt
Entertainment Event2$1,000EntertainmentEvent2Amt
Other Direct Expenses Event2$3,000OtherDirectExpensesEvent2Amt
Other Events Total1OtherEventsTotalCnt
Gross Receipts Other Events$23,010GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$22,130CharitableContriOtherEventsAmt
Gross Revenue Other Events$880GrossRevenueOtherEventsAmt
Non Cash Prizes Other Events$325NonCashPrizesOtherEventsAmt
Food And Beverage Other Events$964FoodAndBeverageOtherEventsAmt
Gross Receipts Total$200,900GrossReceiptsTotalAmt
Charitable Contributions Tot$162,216CharitableContributionsTotAmt
Gross Revenue Total Events$38,684GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events$16,195NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events$20,806RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$21,138FoodAndBeverageTotalEventsAmt
Entertainment Total Events$9,550EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$3,450OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$71,139DirectExpenseSummaryEventsAmt
Net Income Summary-$32,455NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeFINANCIAL ASSISTANCEGrantTypeTxt
Recipient187RecipientCnt
Cash Grant$1,305,904CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationRECIPIENTS OF SCHOLARSHIPS ARE DETERMINED BY THE ACADEMIC QUALIFICATIONS OF INDIVIDUALS APPLYING FOR OR WHO ARE CURRENT STUDENTS OF THE ACADEMY. NO CASH IS AWARDED TO RECIPIENTS; ALL GRANTS AND SCHOLARSHIPS ARE IN THE FORM OF REDUCED TUITION.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Written Policy Ref T And E Expnss0WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonCATHERINE RAAFLAUBPersonNm
TitleFORMER HEAD OF SCHOOLTitleTxt
Base Compensation Filing Org$234,975BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$11,749DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$19,855NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$266,579TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 1BFormAndLineReferenceDesc
ExplanationHEAD OF SCHOOL RESIDES IN HOUSING ON CAMPUS OWNED BY THE ACADEMY.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11COPY OF FORM 990 IS MADE AVAILABLE UPON REQUEST. THE CHIEF FINANCIAL OFFICER REVIEWS THE RETURN PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CTHE POLICY CALLS FOR OFFICERS TO DISCLOSE POTENTIAL CONFLICTS ANNUALLY
FORM 990, PART VI, SECTION C, LINE 19ALL DOCUMENTS ARE MADE AVAILABLE UPON REQUEST
FORM 990, PART XII, LINE 2C:NO CHANGES WERE MADE IN THE ORGANIZATION'S OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.

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