North Park Elementary School Association
- Assets
- $9.2m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 63
- Location
- Chicago, IL
- Founding
- 07/1982
- Data as of
- 06/2022
- EIN
- 36-3087255
Organization Overview
North Park Elementary School Association is located in Chicago, IL. The organization was established in 1982. 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, North Park Elementary School Association employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Park Elementary School Association 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, North Park Elementary School Association generated $5.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $4.4m during the year ending 06/2022. While expenses have increased by 6.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A NONSECTARIAN ELEMENTARY SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUITION - 247 STUDENTS IN FY2021/2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Needlman Former Head Of School | Officer | 40 | $142,430 |
Marshall Warren Director Of Business & Operations | 40 | $118,859 | |
Peter A Tortorici Middle School Science Teacher | 40 | $105,147 | |
John Novick Jr Head Of School | Officer | 40 | $100,001 |
Laura Coy Board Chair | OfficerTrustee | 1 | $0 |
Robert Verigan Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healtcare Service Corporation Health Insurance | 6/29/20 | $214,929 |
Macon Construction School Building Construction | 6/29/20 | $346,815 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $226,077 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $495,704 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $721,781 |
| Total Program Service Revenue | $4,287,048 |
| Investment income | $1,121 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,143,287 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $466,437 |
| Compensation of current officers, directors, key employees. | $289,032 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,993,222 |
| Pension plan accruals and contributions | $60,701 |
| Other employee benefits | $255,045 |
| Payroll taxes | $204,774 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,584 |
| Fees for services: Accounting | $7,617 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,269 |
| Advertising and promotion | $51,415 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $87,454 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $245,066 |
| Insurance | $38,204 |
| All other expenses | $247,637 |
| Total functional expenses | $4,359,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $988,241 |
| Savings and temporary cash investments | $1,001,496 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $260,517 |
| 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 | $46,920 |
| Net Land, buildings, and equipment | $6,873,008 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,170,182 |
| Accounts payable and accrued expenses | $151,184 |
| Grants payable | $0 |
| Deferred revenue | $274,278 |
| 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 | $2,334,471 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,759,933 |
| Net assets without donor restrictions | $6,341,136 |
| Net assets with donor restrictions | $69,113 |
| 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 | $9,170,182 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that North Park Elementary School Association has recieved totaling $85,154.
| Awarding Organization | Amount |
|---|---|
Soares Family Foundation Altadena, CA PURPOSE: EDUCATIONAL SUPPORT | $35,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $21,371 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $10,000 |
Press Family Foundation 011587 Denver, CO PURPOSE: EDUCATIONAL | $7,194 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $5,500 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $3,200 |
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 |