Ancona School Society
- Assets
- $7.7m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 98
- Location
- Chicago, IL
- Founding
- 10/1965
- Data as of
- 06/2023
- EIN
- 36-2486610
Organization Overview
Ancona School Society is located in Chicago, IL. The organization was established in 1965. 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, Ancona School Society employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ancona School Society 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, Ancona School Society generated $6.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $6.9m during the year ending 06/2023. While expenses have increased by 2.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
INDEPENDENT SCHOOL PROVIDING EDUCATION FOR PREPRIMARY (3 YEAR OLDS) THROUGH 8TH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING PRE-PRIMARY AND ELEMENTARY EDUCATION FOR STUDENTS (DURING NORMAL SCHOOL YEAR 176 DAYS), SUMMER SCHOOL, AND BEFORE/AFTER SCHOOL CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Liz Iverson Head Of School | Officer | 40 | $165,000 |
Austin Bartlett Board Chair | OfficerTrustee | 2 | $0 |
Nanette Harris Co-Chair Committee On Trustees | OfficerTrustee | 2 | $0 |
Gustavo Bamberger Co-Treasurer | OfficerTrustee | 2 | $0 |
Ben Smith-Donald Co-Chair Committee On Trustees | OfficerTrustee | 2 | $0 |
Keith Bevans Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $60,053 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $131,030 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $191,083 |
| Total Program Service Revenue | $5,740,991 |
| Investment income | $122,088 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$233 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,142,709 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,084,394 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $165,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,160,159 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $341,339 |
| Payroll taxes | $274,524 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $347 |
| Fees for services: Accounting | $44,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $86,157 |
| Office expenses | $466,848 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $695,425 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $35,311 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $235,998 |
| Insurance | $60,024 |
| All other expenses | $185,262 |
| Total functional expenses | $6,944,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,456,560 |
| Pledges and grants receivable | $24,083 |
| Accounts receivable, net | $31,190 |
| 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 | $88,715 |
| Net Land, buildings, and equipment | $2,115,324 |
| Investments—publicly traded securities | $4,001,189 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,717,061 |
| Accounts payable and accrued expenses | $470,885 |
| Grants payable | $0 |
| Deferred revenue | $1,552,703 |
| Tax-exempt bond liabilities | $0 |
| 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 | $549,956 |
| Total liabilities | $2,573,544 |
| Net assets without donor restrictions | $687,085 |
| Net assets with donor restrictions | $4,456,432 |
| 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 | $7,717,061 |