Willows Academy
- Assets
- $6.0m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 62
- Location
- Des Plaines, IL
- Founding
- 11/1997
- Data as of
- 06/2022
- EIN
- 36-2813264
Organization Overview
Willows Academy is located in Des Plaines, IL. The organization was established in 1997. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Willows Academy employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Willows Academy 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, Willows Academy generated $4.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $3.3m during the year ending 06/2022. 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
TO HELP COOPERATING PARENTS FORM THE CHARACTERS OF THEIR DAUGHTERS SO THAT THE GIRLS GROW UP TO BECOME COMPETENT, RESPONSIBLE PROFESSIONAL WOMEN, WHO RAISE STRONG FAMILIES, AND LIVE BY CHRISTIAN MORAL PRINCIPLES AS TAUGHT BY THE CATHOLIC CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENROLLMENTS OF APPROXIMATELY MORE THAN 200 STUDENTS DURING THE YEAR ENDED JUNE 30, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shane Anastasi President | OfficerTrustee | 1 | $0 |
Jason Elder Vice President | OfficerTrustee | 1 | $0 |
John Mcnally Treasurer | OfficerTrustee | 1 | $0 |
Aileen Chang Secretary | OfficerTrustee | 1 | $0 |
Thomas Carter Director | Trustee | 1 | $0 |
Molly Kurt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $599,315 |
| Related organizations | $0 |
| Government grants | $998,129 |
| All other contributions, gifts, grants, and similar amounts not included above | $415,466 |
| Noncash contributions included in lines 1a–1f | $81,630 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,012,910 |
| Total Program Service Revenue | $2,309,854 |
| Investment income | $5,722 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,593 |
| Net Income from Fundraising Events | -$61,090 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,277,989 |
| 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 | $1,865,516 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $240,557 |
| Payroll taxes | $138,270 |
| 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 | $19,081 |
| Advertising and promotion | $118,803 |
| Office expenses | $79,653 |
| Information technology | $26,648 |
| Royalties | $0 |
| Occupancy | $25,136 |
| Travel | $31,477 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $62,562 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $199,536 |
| Insurance | $48,097 |
| All other expenses | $43,541 |
| Total functional expenses | $3,315,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,141 |
| Savings and temporary cash investments | $557,393 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $514,697 |
| 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 | $31,448 |
| Net Land, buildings, and equipment | $4,501,304 |
| Investments—publicly traded securities | $222,242 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,039,225 |
| Accounts payable and accrued expenses | $226,513 |
| Grants payable | $0 |
| Deferred revenue | $115,051 |
| 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 | $1,475,454 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,817,018 |
| Net assets without donor restrictions | $3,929,080 |
| Net assets with donor restrictions | $293,127 |
| 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 | $6,039,225 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Willows Academy has recieved totaling $180,395.
| Awarding Organization | Amount |
|---|---|
Association For Educational Development Chicago, IL PURPOSE: PROGRAM SUPPORT | $122,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $28,000 |
Hfs Chicago Scholars Chicago, IL PURPOSE: SCHOLARSHIP | $12,100 |
Helen Brach Foundation Chicago, IL PURPOSE: TO HELP WITH THE PURCHASE OF TWO 14-PASSENGER BUSES, WITH A LIFESPAN OF 10 YEARS, TO TRANSPORT STUDENTS | $10,000 |
Irish Fellowship Educational & Cultural Foundation Western Springs, IL PURPOSE: TO PROVIDE NEED-BASED EDUCATIONAL ASSISTANCE | $6,000 |
The Baxter Foundation Deerfield, IL PURPOSE: MATCHING GIFTS GRANT | $1,030 |
Endowment Analysis
| Beg. Balance | $260,378 |
| Earnings | -$38,136 |
| Ending Balance | $222,242 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wheaton Academy West Chicago, IL | $41,216,883 | $18,989,425 |
Lexington School Inc Lexington, KY | $82,981,335 | $20,273,926 |
Westminster Christian Academy Association Town Country, MO | $72,930,151 | $20,133,441 |
Barstow School Kansas City, MO | $36,041,263 | $20,616,227 |
St Johns Northwestern Military Academy Inc Delafield, WI | $17,393,633 | $8,781,742 |
Trinity Schools Inc South Bend, IN | $7,029,834 | $13,749,929 |
Conserve School Corporation Land O Lakes, WI | $44,507,562 | $11,154,750 |
North Lawndale College Preparatory Charter High School Chicago, IL | $2,962,197 | $11,158,791 |
Whitfield School Inc Saint Louis, MO | $28,107,434 | $12,277,432 |
National Federation Of State High School Associations Indianapolis, IN | $27,763,480 | $13,615,729 |
Chicago High School For The Arts Chicago, IL | $2,941,878 | $11,358,918 |
Illinois High School Association Bloomington, IL | $9,005,242 | $12,463,504 |