Avery Coonley School
- Assets
- $20.1m
- Revenue
- $11.7m
- Investments
- $0.0
- Employees
- 150
- Location
- Downers Grove, IL
- Founding
- 03/1935
- Data as of
- 06/2023
- EIN
- 36-2171680
Organization Overview
Avery Coonley School is located in Downers Grove, IL. The organization was established in 1935. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 06/2023, Avery Coonley School employed 150 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Avery Coonley School 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, Avery Coonley School generated $11.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $11.2m during the year ending 06/2023. While expenses have increased by 6.4% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE AVERY COONLEY SCHOOL ELEVATES HIGH-ACHIEVING AND GIFTED LEARNERS THROUGH IMMERSION IN A MUTUALLY TALENTED COMMUNITY WHERE INTELLECT, CURIOSITY, AND CREATIVITY ARE ENHANCED BY OPTIMAL CHALLENGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AVERY COONLEY SCHOOL (ACS) IS AN ELEMENTARY SCHOOL (JUNIOR KINDERGARTEN THROUGH 8TH GRADE) FOR GIFTED AND ACADEMICALLY ADVANCED STUDENTS. ACS HAS BEEN KINDLING THE MINDS OF THESE LEARNERS FOR OVER 100 YEARS. ACS IS A PLACE WHERE GIFTED STUDENTS COLLABORATE WITH PEERS WHO ARE EQUALLY CURIOUS, ENERGIZED BY EACH OTHER'S CREATIVITY, AND ENJOY ACADEMIC CHALLENGE ALL DAY. ACS PROVIDES THE OPPORTUNITY TO DELVE DEEPER INTO A PLETHORA OF TOPICS WITH HIGHLY SKILLED TEACHERS, AND THE OPPORTUNITY TO INTERACT EVERY DAY WITH OTHER CHILDREN WHO ARE ACADEMICALLY ADVANCED, PROVIDING AN INCREDIBLY RICH ENVIRONMENT FOR SOCIAL, EMOTIONAL, AND ACADEMIC DEVELOPMENT. ALL FACULTY ENGAGE IN EXTENSIVE PROFESSIONAL DEVELOPMENT. THEY HAVE PRESENTED AND CONDUCTED TRAININGS ACROSS THE UNITED STATES ON EVERYTHING FROM GIFTED EDUCATION TO INTEGRATING EDUCATIONAL TECHNOLOGY INTO THE CURRICULUM. IN ADDITION, ACS OFFERS A THRIVING SUMMER PROGRAM. STUDENTS CHOOSE FROM MORE THAN 130 EXCITING AND ENRICHING OFFERINGS OPEN TO CHILDREN IN PRESCHOOL THROUGH EIGHTH GRADE. ACADEMICALLY AND PHYSICALLY CHALLENGING COURSES AND AN INDIVIDUALIZED HANDS-ON APPROACH ARE HALLMARKS OF THE ACS SUMMER PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirsty Montgomery PHD Head Of Schhool | OfficerTrustee | 40 | $211,967 |
Nancy Doris Trustee | Trustee | 1 | $0 |
William Atwood Trustee | Trustee | 0.5 | $0 |
Jeff Chen Trustee-Asst Treasurer | OfficerTrustee | 1 | $0 |
Brian Gilmartin Trustee | Trustee | 0.5 | $0 |
Raj Goyal Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Russell Reynolds Associates Inc Head Search | 6/29/22 | $114,000 |
Gil Levendel Dba Tinkrworks Llc Curriculum And Project Materials | 6/29/22 | $102,014 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $118,100 |
| Related organizations | $0 |
| Government grants | $358,431 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,010,931 |
| Noncash contributions included in lines 1a–1f | $294,882 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,487,462 |
| Total Program Service Revenue | $9,830,558 |
| Investment income | $240,172 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $37,826 |
| Net Gain/Loss on Asset Sales | -$19,150 |
| Net Income from Fundraising Events | $83,626 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,677,571 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $871,548 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $589,216 |
| Compensation of current officers, directors, key employees. | $200,079 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,143,163 |
| Pension plan accruals and contributions | $226,323 |
| Other employee benefits | $571,804 |
| Payroll taxes | $409,251 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,093 |
| Fees for services: Accounting | $62,765 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,654 |
| Fees for services: Other | $27,360 |
| Advertising and promotion | $282,178 |
| Office expenses | $132,439 |
| Information technology | $392,407 |
| Royalties | $0 |
| Occupancy | $171,998 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,253 |
| Interest | $99,867 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $679,131 |
| Insurance | $106,525 |
| All other expenses | $0 |
| Total functional expenses | $11,173,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $230,910 |
| Savings and temporary cash investments | $556,865 |
| Pledges and grants receivable | $375,070 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $72,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $66,678 |
| Net Land, buildings, and equipment | $9,419,544 |
| Investments—publicly traded securities | $9,367,752 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,088,819 |
| Accounts payable and accrued expenses | $770,947 |
| Grants payable | $0 |
| Deferred revenue | $1,380,913 |
| Tax-exempt bond liabilities | $3,434,819 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $184,700 |
| Total liabilities | $5,771,379 |
| Net assets without donor restrictions | $11,474,748 |
| Net assets with donor restrictions | $2,842,692 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,088,819 |