Turkish American Society Inc
- Assets
- $9.8m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Prospect, IL
- Founding
- 06/1999
- Data as of
- 07/2023
- EIN
- 36-4153559
Organization Overview
Turkish American Society Inc, operating under the name Science Academy Of Chicago, is located in Mount Prospect, IL. The organization was established in 1999. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Science Academy Of Chicago 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 07/2023, Science Academy Of Chicago generated $4.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $4.9m during the year ending 07/2023. While expenses have increased by 6.4% 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
IN A WORLD WHERE EVEN THE FURTHEST POINT IS WITHIN AN ARM'S REACH, IT IS INEVITABLE TO LIVE WITHOUT DIVERSITY. IN ORDER FOR EVERYONE TO LIVE PEACEFULLY, IT IS IMPORTANT FOR INDIVIDUALS TO AVOID SUBJECTS THAT MIGHT SEPARATE VARIOUS SOCIETIES. IT IS THE MISSION OF THE NIAGARA EDUCATIONAL SERVICES TO SERVE COMMUNAL PEACE, LOVE, AND FRIENDSHIP BY STRIVING TO BRING FORTH THE COMMON VALUES OF HUMANITY SUCH AS STRONG ETHICS, DEMOCRACY, AND COMPASSION. THE TURKISH AMERICAN SOCIETY, INC'S., ACKNOWLEDGES THE IMPORTANCE OF SPREADING THESE MOST SIGNIFICANT VALUES THROUGHOUT THE COMMUNITIES AND ALSO TAKING THEM ON AS A COMMON VIRTUE. IN ORDER TO BUILD A BETTER FUTURE, THE NIAGARA EDUCATIONAL SERVICES WILL WORK HAND IN HAND WITH OTHER COMMUNITY, FAITH GROUPS, AND INSTITUTIONS THAT RECOGNIZE THE SAME MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TURKISH AMERICAN SOCIETY OF CHICAGO IS SERVING AS COMMUNITY CENTER. DURING THE YEAR, WEEKEND SCHOOL, SUMMER SCHOOL, TUTORING, CLASSES, HOLIDAY PROGRAMS, WINTER RETREAT CAMP, COMMUNITY FESTIVAL AND MANY OTHER EVENTS WERE ORGANIZED. APPROX. 1500 COMMUNITY MEMBERS WERE SERVED.
SCIENCE ACADEMY OF CHICAGO IS AN INDEPENDENT, COEDUCATIONAL, COLLEGE PREPARATORY DAY SCHOOL PROVIDING ACCELERATED EDUCATION TO STUDENTS FROM GRADE PRE-KINDERGARTEN THROUGH GRADE EIGHT. ADMISSION IS OPEN TO ALL QUALIFIED STUDENTS AND IS NOT BASED ON RACE, RELIGION, COLOR OR ETHINIC ORIGIN. APPROX.120 STUDENTS WERE INSTRUCTED. THE SUBJECTS TAUGHT BY THE SCIENCE ACADEMY OF CHIAGO ARE ENGLISH, SCIENCE, MATHEMATICS, SOCIAL STUDIES, COMPUTER TECHNOLOGY, FOREIGN LANGUAGES, CHARACTER EDUCATION, DRAMA, ART, MUSIC AND PHYSICAL EDUCATION.
SCIENCE ACADEMY OF CHICAGO IS AN INDEPENDENT, COEDUCATIONAL, COLLEGE PREPARATORY DAY SCHOOL PROVIDING ACCELERATED EDUCATION TO STUDENTS FROM GRADE PRE-KINDERGARTEN THROUGH GRADE EIGHT. ADMISSION IS OPEN TO ALL QUALIFIED STUDENTS AND IS NOT BASED ON RACE, RELIGION, COLOR OR ETHINIC ORIGIN. APPROX.275 STUDENTS WERE INSTRUCTED. THE SUBJECTS TAUGHT BY THE SCIENCE ACADEMY OF CHIAGO ARE ENGLISH, SCIENCE, MATHEMATICS, SOCIAL STUDIES, COMPUTER TECHNOLOGY, FOREIGN LANGUAGES, CHARACTER EDUCATION, DRAMA, ART, MUSIC AND PHYSICAL EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rana Yurtsever President | Trustee | 40 | $0 |
Hakan Sahsivar Treasurer | OfficerTrustee | $0 | |
Mustafa A Yazici Secretary | Trustee | $0 | |
Bekmurat Amirakul Director | Trustee | $0 | |
Hasan Ozturk Director | OfficerTrustee | $0 | |
Gulserbek Toktoboev Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $515,453 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $515,453 |
| Total Program Service Revenue | $4,419,276 |
| Investment income | $0 |
| 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 | $4,934,729 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,130,492 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| 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 | $215,553 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $400,853 |
| Insurance | $0 |
| All other expenses | $294,432 |
| Total functional expenses | $4,893,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $923,077 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $440,794 |
| 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 | $0 |
| Net Land, buildings, and equipment | $8,444,837 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $24,387 |
| Other assets | $4,852 |
| Total assets | $9,837,947 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,857,015 |
| Total liabilities | $4,857,015 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $4,980,932 |
| Total liabilities and net assets/fund balances | $9,837,947 |