The Bancroft School
- Assets
- $7.1m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 53
- Location
- Elgin, IL
- Founding
- 04/2001
- Data as of
- 06/2023
- EIN
- 36-4406348
Organization Overview
The Bancroft School is located in Elgin, IL. The organization was established in 2001. According to its NTEE Classification (H84) the organization is classified as: Autism Research, under the broad grouping of Medical Research and related organizations. As of 06/2023, Bancroft School employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bancroft 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, Bancroft School generated $3.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $3.4m during the year ending 06/2023. While expenses have increased by 4.9% 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
PROVIDES SERVICES FOR CHILDREN WITH AUTISM SPECTRUM DISORDER, PDD-NOS, EMOTIONAL/BEHAVIORAL DISORDERS, SPECIFIC LEARNING DISABILITIES, DEVELOPMENTAL DISABILITIES AND OTHER HEALTH IMPAIRMENTS. ADDITIONALLY SERVE THE PARENTS OF STUDENTS THROUGH EDUCATIONAL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RESEARCH DEMONSTRATING THE EFFECTIVENESS OF APPLIED BEHAVIOR ANALYSIS IN THE TREATMENT OF CHILDREN WITH AUTISM OR PDD THROUGH A COMPREHENSIVE EDUCATIONAL PROGRAM THAT DEVELOPS SKILLS CRITICAL TO DEVELOPMENTAL AND EDUCATIONAL GROWTH AND THAT PROVIDES THESE CHILDREN THE OPPORTUNITY TO BE MAINSTREAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Val Belmonte President, CEO & Secretary | OfficerTrustee | 40 | $203,722 |
Ross Biank Chairman | OfficerTrustee | 1 | $0 |
Gloria Harper Vice Chairman | OfficerTrustee | 1 | $0 |
Kevin Dulin Treasurer | OfficerTrustee | 1 | $0 |
Mariah Madson Director | Trustee | 1 | $0 |
Brett Mueller Director | Trustee | 1 | $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 | $7,835 |
| Noncash contributions included in lines 1a–1f | $7,835 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,835 |
| Total Program Service Revenue | $3,234,819 |
| Investment income | $182 |
| 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 | $3,254,110 |
| 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. | $237,292 |
| Compensation of current officers, directors, key employees. | $118,646 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,684,417 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $157,796 |
| Payroll taxes | $142,603 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,686 |
| Fees for services: Accounting | $38,489 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $138,086 |
| Advertising and promotion | $0 |
| Office expenses | $93,701 |
| Information technology | $8,347 |
| Royalties | $0 |
| Occupancy | $760,218 |
| Travel | $13 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,521 |
| Interest | $55 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,099 |
| Insurance | $43,850 |
| All other expenses | $0 |
| Total functional expenses | $3,390,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $326,582 |
| Savings and temporary cash investments | $200,345 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $270,978 |
| 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 | $7,545 |
| Net Land, buildings, and equipment | $9,922 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,241,053 |
| Total assets | $7,056,425 |
| Accounts payable and accrued expenses | $119,943 |
| 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 | $6,448,786 |
| Total liabilities | $6,568,729 |
| Net assets without donor restrictions | $487,696 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $7,056,425 |