Keith Country Day School
- Assets
- $4.1m
- Revenue
- $2.7m
- Investments
- $1.7m
- Employees
- 47
- Location
- Rockford, IL
- Founding
- 12/1966
- Data as of
- 06/2022
- EIN
- 36-2416675
Organization Overview
Keith Country Day School is located in Rockford, IL. The organization was established in 1966. 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 06/2022, Keith Country Day School employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Keith Country Day 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 06/2022, Keith Country Day School generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $2.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
KEITH COUNTRY DAY SCHOOL IS AN INDEPENDENT, CO-EDUCATIONAL, COLLEGE-PREPARATORY DAY SCHOOL TO PREPARE CHILDREN FOR LIVES OF MEANING AND PURPOSE
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATING 216 CHILDREN FROM 3 YEARS OLD TO 12TH GRADE WITH A COLLEGE PREPARATORY CURRICULUM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charo Chaney Co-Head Of S | Officer | 40 | $88,863 |
Ashleigh Van Thiel Co-Head Of S | Officer | 40 | $67,954 |
Shannon Gustafson Dir Of Finan | Officer | 40 | $55,750 |
Rishi Malhotra Treasurer | Trustee | 2 | $0 |
Chris Albert Chairman | Trustee | 4 | $0 |
Anthony Artale Bod | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,705 |
| Related organizations | $0 |
| Government grants | $320,864 |
| All other contributions, gifts, grants, and similar amounts not included above | $191,201 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $526,770 |
| Total Program Service Revenue | $2,011,287 |
| Investment income | $32,431 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $152,474 |
| Net Income from Fundraising Events | $391 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,724,148 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $127,555 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $223,770 |
| Compensation of current officers, directors, key employees. | $223,770 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,366,275 |
| Pension plan accruals and contributions | $21,898 |
| Other employee benefits | $590 |
| Payroll taxes | $117,416 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $293 |
| Fees for services: Accounting | $24,059 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,880 |
| Advertising and promotion | $4,078 |
| Office expenses | $21,470 |
| Information technology | $14,319 |
| Royalties | $0 |
| Occupancy | $99,310 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,469 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,845 |
| Insurance | $36,415 |
| All other expenses | $78,988 |
| Total functional expenses | $2,474,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,369 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,224,195 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,748 |
| Net Land, buildings, and equipment | $942,783 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,650,312 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,115,407 |
| Accounts payable and accrued expenses | $216,724 |
| Grants payable | $0 |
| Deferred revenue | $1,642,602 |
| Tax-exempt bond liabilities | $305,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $111,128 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $125,581 |
| Total liabilities | $2,401,035 |
| Net assets without donor restrictions | -$142,005 |
| Net assets with donor restrictions | $1,856,377 |
| 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 | $4,115,407 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Keith Country Day School has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Nancy Nichols Olson Foundtion Belvidere, IL PURPOSE: CIVIC | $2,000 |
Endowment Analysis
| Beg. Balance | $2,531,364 |
| Earnings | -$207,679 |
| Grants | $168,373 |
| Ending Balance | $2,155,312 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bernard Zell Anshe Emet Day School Chicago, IL | $69,026,609 | $20,320,544 |
Heritage Christian Schools Inc Indianapolis, IN | $19,759,630 | $19,173,955 |
Academy Of Basic Education Inc Brookfield, WI | $40,498,539 | $16,384,035 |
Summit Christian Academy Lees Summit, MO | $26,556,183 | $15,642,141 |
Orchard School Foundation Inc Indianapolis, IN | $60,553,415 | $15,394,463 |
Oaks Academy Inc Indianapolis, IN | $7,476,421 | $17,454,996 |
Near North Montessori School Chicago, IL | $38,573,944 | $16,517,378 |
Madison Country Day School Inc Waunakee, WI | $14,581,268 | $10,698,482 |
Bsds Inc Kansas City, MO | $14,798,906 | $10,020,061 |
Community School Association Saint Louis, MO | $35,306,826 | $7,869,470 |
Morgan Park Academy Chicago, IL | $7,353,923 | $9,629,614 |
Elgin Academy Elgin, IL | $16,000,808 | $8,213,882 |