Ancona School Society
- Assets
- $9.0m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 89
- Location
- Chicago, IL
- Founding
- 10/1965
- Data as of
- 06/2021
- 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 06/2021, Ancona School Society employed 89 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 06/2021, Ancona School Society generated $5.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $6.2m during the year ending 06/2021. While expenses have increased by 1.3% per year over the past 6 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
2021
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 |
|---|---|---|---|
Nancy Nassr Head Of School | Officer | 40 | $197,549 |
Melanie Ahmad Director Of Admissions | Officer | 40 | $103,973 |
Greg Andricopulos Chief Financial Officer | Officer | 40 | $101,438 |
Austin Bartlett Board Chair | OfficerTrustee | 2 | $0 |
Gustavo Bamberger Treasurer | OfficerTrustee | 2 | $0 |
Nanette Harris Board Vice Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $64,463 |
| Related organizations | $0 |
| Government grants | $798,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $115,109 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $977,572 |
| Total Program Service Revenue | $4,797,883 |
| Investment income | $37,342 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,362 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,890,757 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $872,417 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $402,960 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,148,394 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $168,993 |
| Payroll taxes | $254,937 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,157 |
| Fees for services: Accounting | $34,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,976 |
| Advertising and promotion | $41,490 |
| Office expenses | $280,833 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $540,785 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,900 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $238,981 |
| Insurance | $58,908 |
| All other expenses | $49,225 |
| Total functional expenses | $6,213,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,428,586 |
| Pledges and grants receivable | $17,307 |
| Accounts receivable, net | $8,731 |
| 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 | $83,849 |
| Net Land, buildings, and equipment | $2,444,777 |
| Investments—publicly traded securities | $29,738 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,012,988 |
| Accounts payable and accrued expenses | $630,891 |
| Grants payable | $0 |
| Deferred revenue | $1,634,183 |
| 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 | $803,022 |
| Other liabilities | $1,448 |
| Total liabilities | $3,069,544 |
| Net assets without donor restrictions | $793,162 |
| Net assets with donor restrictions | $5,150,282 |
| 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 | $9,012,988 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ancona School Society has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
The Doug And Betsey Schwab And Family Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
Endowment Analysis
| Beg. Balance | $3,202,483 |
| Earnings | $1,301,644 |
| Net Contributions | $41,325 |
| Other Expense | $211,128 |
| Ending Balance | $4,334,324 |
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 |