2019-05-13T09:12:05-05:00 2018-06-30 430765316 RUBINBROWN LLP 4709 WEST GOLF ROAD SUITE 200 SKOKIE IL 60076 990 2017-07-01 362205984 ELGIN ACADEMY ELGI 8476950300 350 PARK STREET ELGIN IL 60120 KEITH RAUSCHENBERGER CHAIRMAN 8476950300 2019-05-13 1 BRUCE SCHIFF P00144204 7737774445 12.49.45.18 2019-05-13 09:11:34 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 CB5C23C54E91D8808FE0FAC44ECDB76E16B53CB9 2017 2019-02-21 02:37:17Z KEITH RAUSCHENBERGER 350 PARK STREET ELGIN IL 60120 8705575 0 X WWW.ELGINACADEMY.ORG X 1957 IL SCHOOL COMMITTED TO ACADEMIC EXCELLENCE AND DEVELOPING THE FULL POTENTIAL OF EACH OF ITS STUDENTS 17 17 119 100 0 0 1877789 1722628 6917132 6650935 5807 4691 203961 200982 9004689 8579236 1591447 1607395 0 0 4513878 4324831 0 0 213473 2775337 2541079 8880662 8473305 124027 105931 19229970 19939693 10919011 11522803 8310959 8416890 ELGIN ACADEMY IS A PRESCHOOL THROUGH GRADE 12 INDEPENDENT COLLEGE PREPARATORY, COEDUCATIONAL DAY SCHOOL COMMITTED TO ACADEMIC EXCELLENCE AND DEVELOPING THE FULL POTENTIAL OF EACH OF ITS STUDENTS. 0 0 5566245 1607395 6655818 OPERATION OF AN EDUCATIONAL INSTITUTION. 5566245 1 1 0 0 0 0 1 1 0 1 1 0 0 1 1 0 1 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 1 30 0 0 119 1 0 0 0 0 0 1 1 0 0 0 0 X 17 17 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X JAY IKEZOE 8476950309 350 PARK STREET ELGIN IL 60120 GINA PAWLISCH TRUSTEE 1.00 X 0 0 0 REHAN ZAID TRUSTEE 1.00 X 0 0 0 MIKE WARREN TRUSTEE 1.00 X 0 0 0 MARGARET WARD VICE-CHAIRMAN 1.00 X X 0 0 0 DANIELLE SMILEY TRUSTEE 1.00 X 0 0 0 LAURA ANDERSON TRUSTEE 1.00 X 0 0 0 SANDY KIRK TRUSTEE 1.00 X 0 0 0 HUGH RIDER TRUSTEE 1.00 X 0 0 0 ALAN SCIMECA TRUSTEE 1.00 X 0 0 0 FRED MASNATO TREASURER 1.00 X X 0 0 0 KEITH RAUSCHENBERGER CHAIRMAN 1.00 X X 0 0 0 HAROLD D RIDER TRUSTEE 1.00 X X 0 0 0 JOHN YAVARI TRUSTEE 1.00 X 0 0 0 PHIL COWEN TRUSTEE 1.00 X 0 0 0 RHONDA DWYER TRUSTEE 1.00 X 0 0 0 RICHARD MILONE TRUSTEE 1.00 X 0 0 0 WILLIAM PADULA SECRETARY 1.00 X 0 0 0 SETH HANFORD HEAD OF SCHOOL 40.00 X 203252 0 0 GERALD O'KEEFFE DIRECTOR 40.00 X 111833 0 0 JENNIFER BROWN EX OFFICIO 1.00 X 0 0 0 ROBERT WADINGTON EX OFFICIO 1.00 X 0 0 0 ANTONIS THEODOROU EX OFFICIO 1.00 X 0 0 0 315085 0 0 2 0 1 0 UNITED HEALTHCARE P O BOX 94017 PALATINE IL 60094 HEALTH INSURANCE 407465 FIRST AMERICAN BANK 1650 LOUIS AVENUE ELK GROVE VILLAGE IL 60007 LOAN 270201 ALADDIN FOOD MANAGEMENT SERVICES LLC 16567 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 FOOD SERVICE 211234 BEE LINE SUPPORT INC 955 BUSSE ROAD ELK GROVE VILLAGE IL 60007 JANITORIAL 128570 4 1722628 1722628 TUITION 611110 6222732 6222732 FEES AND AUX. SERVICES 900099 379875 379875 OTHER INCOME 900099 48328 48328 6650935 4691 4691 26086 21145 4941 4941 4941 295515 99416 196099 196099 5720 5778 -58 -58 8579236 6655818 0 200790 X 1607395 1607395 315085 315085 3353692 2295665 928114 129913 399064 271864 124690 2510 256990 164813 82304 9873 378383 378383 10993 6662 4331 275773 275773 604812 423368 181444 99350 99350 STUDENT ACTIVITIES 286753 286753 COMPUTER EXPENSES 123015 109809 13206 UTILITIES 118237 118237 ADMISSIONS 109986 109986 533777 240614 239523 53640 8473305 5566245 2693587 213473 X 754223 1437604 154236 659411 79957 100038 19246463 8469693 11111565 10776770 227072 211727 6902917 6754143 19229970 19939693 182148 130648 2103144 3819077 8028894 7012775 604825 560303 10919011 11522803 X 6517832 6592785 610741 593369 1182386 1230736 8310959 8416890 19229970 19939693 105931 0 X X 0 1 X 1 0 X X 2 1.00 2 1 0 0 X X X 0 6902797 32100 661307 814865 27195 6754144 6188176 450025 860870 564419 31855 6902797 7860819 36700 -101601 1573412 34330 6188176 8532427 63597 301978 1001256 35927 7860819 7312781 8000 1478886 231713 35617 8532337 0 1 1 51623 51623 15314483 5359358 9955125 462924 65832 397092 1532934 1311471 221463 1884499 1733032 151467 10776770 DUE FROM ELGIN ACADEMY FOUNDATION 6754143 6754143 ACCRUED EXPENSES 360303 LINE OF CREDIT 200000 560303 7098180 126339 126339 6971841 1607395 1607395 8579236 6992249 126339 126339 6865910 1607395 1607395 8473305 PART II, LINE 9: THERE IS NO REVENUE OR EXPENSES INCURRED AS A RESULT OF THESE EASEMENTS. THE EASEMENTS ARE NOT RECOGNIZED ON THE BALANCE SHEET BECAUSE THERE WERE NO COSTS INVOLVED IN THE ACQUISITION OF THESE EASEMENTS AND THEY ARE NOT CONSIDERED TO HAVE VALUE SINCE THEY DO NOT GENERATE INCOME. PART III, LINE 1A: THERE IS NO REVENUE OR EXPENSES INCURRED ON THE ACADEMY'S ART COLLECTION. IN CONFORMITY WITH INDUSTRY PRACTICE, THE ACADEMY REFLECTS ITS DONATED ART COLLECTION ON THE BALANCE SHEET AT NOMINAL VALUE. PART III, LINE 4: ELGIN ACADEMY'S ART COLLECTION PROMOTES THE APPRECIATION OF THE ARTS BY PROVIDING ITS STUDENTS WITH THE ABILITY TO EXAMINE FIRST HAND WORKS OF FINE ART. IT IS ALSO A STARTING POINT FOR SCHOLARLY RESEARCH. PART V, LINE 4: TO PROVIDE SUPPORT FOR EDUCATIONAL PROGRAMS PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENTS - SHOWN NET OF EXP 99,416. RENTAL INC SHOWN NET OF EXP ON FORM 990 21,145. SALES - SHOWN NET OF COGS ON FORM 990 5,778. PART XI, LINE 4B - OTHER ADJUSTMENTS: FIN AID SHOWN NET IN TUITION ON THE F/S 1,607,395. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENTS - SHOWN NET OF EXP 99,416. RENTAL INC SHOWN NET OF EXP ON FORM 990 21,145. SALES - SHOWN NET OF COGS ON FORM 990 5,778. PART XII, LINE 4B - OTHER ADJUSTMENTS: FIN AID SHOWN NET IN TUITION ON THE F/S 1,607,395. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION ADVERTISES ITS NON-DISCRIMINATION POLICY THROUGH ITS WEBSITE. AUCTION 217665 217665 49915 PARENTS ASSOCIATION 48697 48697 41186 3 29153 29153 8315 295515 295515 49915 49501 99416 196099 1 FINANCIAL AID 118 1607395 COST FINANCIAL AID PART IV- ADDITIONAL SUPPLEMENTAL INFORMATION QUALIFYING STUDENTS ARE AWARDED NEED-BASED FINANCIAL AID GRANTS. THE AMOUNT OF THE GRANT IS THEN DEDUCTED FROM THE QUALIFYING STUDENT'S TOTAL TUITION COST TO ARRIVE AT A NET NUMBER. THE NET NUMBER IS THE AMOUNT TO BE PAID TO ELGIN ACADEMY. 1 X X X 0 0 0 0 0 0 0 0 0 SETH HANFORD HEAD OF SCHOOL 203252 0 0 0 0 0 0 0 0 0 203252 0 0 0 GERALD O'KEEFFE DIRECTOR 111833 0 0 0 0 0 0 0 0 0 111833 0 0 0 A ILLINOIS FINANCE AUTHORITY 861091967 2013-06-01 10000000 FUNDING FOR CONSTRUCTION 0 0 1 A 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 A 0 ELGIN ACADEMY TRUSTEE 95000 FINANCIAL AID FINANCIAL AID ELGIN ACADEMY TRUSTEE 7500 SCHOLARSHIP FINANCIAL AID FORM 990, PART VI, SECTION A, LINE 2 LINE 2 EXPLANATION - HAROLD RIDER AND HUGH RIDER ARE FATHER AND SON. FRED MASNATO, ALAN SCIMECA AND KEITH RAUSCHENBERGER ARE ALSO BOARD MEMBERS FOR ELGIN ACADEMY FOUNDATION, THE CUPOLA FOUNDATION AND MULFORD SQUARE PRESERVATION CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - A DRAFT COPY OF THE FORM 990 IS CIRCULATED TO THE BOARD MEMBERS ALONG WITH A COPY OF THE AUDITED FINANCIAL STATEMENTS FOR REVIEW AND COMMENT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL DISCLOSURE STATEMENTS ARE SUBMITTED TO THE SCHOOL FOR REVIEW. TO DATE THERE HAVE BEEN NO CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES THE N.A.I.S. COMPENSATION EVALUATION IN MAKING DETERMINATIONS OF COMPENSATION FOR TOP MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE DURING NORMAL BUSINESS HOURS. FORM 990, PART IX, LINE 11G PROFESSIONAL AND CONTRACT SERVICE : PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 378,383. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 378,383. FORM 990, PART IX, LINE 24E PHYSICAL EDUCATION: PROGRAM SERVICE EXPENSES 102,225. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 102,225. SUPPLIES: PROGRAM SERVICE EXPENSES 11,777. MANAGEMENT AND GENERAL EXPENSES 52,894. FUNDRAISING EXPENSES 1,108. TOTAL EXPENSES 65,779. BAD DEBTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 54,123. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 54,123. EQUIPMENT RENT & MAINTENANCE : PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 52,587. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 52,587. SCHOOL FUNCTION & EVENTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,388. FUNDRAISING EXPENSES 30,238. TOTAL EXPENSES 34,626. TELEPHONE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 34,480. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 34,480. CURRICULUM/COUNSELING: PROGRAM SERVICE EXPENSES 28,999. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,999. SOCIAL STUDIES & LIBRARY: PROGRAM SERVICE EXPENSES 22,703. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,703. ART, MUSIC, CRAFTS & DRAMA: PROGRAM SERVICE EXPENSES 19,118. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19,118. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 16,845. FUNDRAISING EXPENSES 955. TOTAL EXPENSES 17,800. TESTING: PROGRAM SERVICE EXPENSES 17,451. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,451. PRINTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 273. FUNDRAISING EXPENSES 16,792. TOTAL EXPENSES 17,065. PROFESSIONAL ADVANCEMENT: PROGRAM SERVICE EXPENSES 16,352. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,352. OTHER: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 15,438. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,438. PERSONNEL RECRUITMENT : PROGRAM SERVICE EXPENSES 10,737. MANAGEMENT AND GENERAL EXPENSES 2,630. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,367. MATH & SCIENCE: PROGRAM SERVICE EXPENSES 7,794. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,794. POSTAGE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 5,865. FUNDRAISING EXPENSES 1,755. TOTAL EXPENSES 7,620. ENGLISH & FOREIGN LANGUAGE: PROGRAM SERVICE EXPENSES 2,875. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,875. PROMOTION AND EVENTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 2,792. TOTAL EXPENSES 2,792. VIDEOGRAPHY: PROGRAM SERVICE EXPENSES 583. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 583. FORM 990, PART X, LINE 20 - TAX EXEMPT BOND LIABILITIES LENDER: ILLINOIS FINANCE AUTHORITY INTEREST RATE: 3.25% DATE OF NOTE: 6/1/2013 MATURITY DATE: 11/01/2037 BEGINNING BALANCE DUE.............................10,000,000 ENDING BALANCE DUE.............................. 7,012,775 FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. ELGIN ACADEMY FOUNDATION 350 PARK STREET ELGIN IL 60120 363911950 EDUCATION IL 501(C)(3) LINE_12A_I_509_TYPE_ RELATED 0 THE CUPOLA FOUNDATION 350 PARK STREET ELGIN IL 60120 363977640 LOW INCOME HOUSING IL 501(C)(3) LINE_10_ORGANIZATION RELATED 0 MULFORD SQUARE PRESERVATION 350 PARK STREET ELGIN IL 60120 364082001 LOW INCOME HOUSING IL 501(C)(3) LINE_10_ORGANIZATION RELATED 0 O'KEEFFE MULFORD LLC 350 PARK STREET ELGIN IL 60120 273270694 LOW INC HSG IL MULFORD SQ 0 0 1.00000 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ELGIN ACADEMY FOUNDATION B 627902 CASH ELGIN ACADEMY FOUNDATION E 6908609 FMV