Morgan Park Academy

Organization Overview

Morgan Park Academy is located in Chicago, IL. The organization was established in 1942. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Morgan Park Academy employed 166 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morgan Park Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2023, Morgan Park Academy generated $10.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $9.9m during the year ending 06/2023. While expenses have increased by 2.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

A PRIVATE INDEPENDENT SCHOOL FOR PRE-SCHOOL - 12TH GRADE

Describe the Organization's Program Activity:

Part 3 - Line 4a

MORGAN PARK ACADEMY OPERATES A PRIVATE INDEPENDENT SCHOOL FOR PRESCHOOL THROUGH GRADE 12 AND HAS APPROXIMATELY 440 STUDENTS.


THE ACADEMY RECEIVES DONATED SERVICES FROM PARENTS OF STUDENTS. THE VALUE OF THESE SERVICES CANNOT BE DETERMINED.


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Board, Officers & Key Employees

Name (title)Compensation
Kishore Paluri
Board President
$0
Elgie Sims
Board Vice President
$0
Torrence Moore
Board Treasurer
$0
Andrea Durbin
Board Secretary
$0
Marcus Crawford
Board Member
$0
Amy Delaney
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$489,486
Related organizations$0
Government grants $111,769
All other contributions, gifts, grants, and similar amounts not included above$177,290
Noncash contributions included in lines 1a–1f $36,775
Total Revenue from Contributions, Gifts, Grants & Similar$778,545
Total Program Service Revenue$9,332,207
Investment income $23,539
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $109,994
Net Gain/Loss on Asset Sales $765
Net Income from Fundraising Events -$96,645
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,170,298

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