Science And Arts Academy
- Assets
- $14.5m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 111
- Location
- Des Plaines, IL
- Founding
- 10/1992
- Data as of
- 06/2022
- EIN
- 36-3838771
Organization Overview
Science And Arts Academy is located in Des Plaines, IL. The organization was established in 1992. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Science And Arts Academy employed 111 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Science And Arts 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, Science And Arts Academy generated $8.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $7.5m during the year ending 06/2022. While expenses have increased by 4.8% 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
TO EDUCATE GIFTED CHILDREN IN AN ACADEMICALLY DIFFERENTIATED AND ENRICHED ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCIENCE AND ARTS ACADEMY (SAA) BELIEVES THAT EVERY GIFTED CHILD HAS THE RIGHT TO AN EDUCATION THAT IS APPROPRIATE TO HIS OR HER POTENTIAL. CONSISTENT WITH THIS BELIEF, SAA CREATES A STIMULATING LEARNING EXPERIENCE BY PROVIDING EDUCATIONAL OFFERINGS SUITED TO OUR STUDENTS' VARIED LEVELS OF DEVELOPMENT. WE BELIEVE THAT SAA'S PURPOSE IS TO PROMOTE, FACILITATE, AND IGNITE STUDENT LEARNING FURTHER, THE BEST EDUCATIONAL EXPERIENCE FOR A GIFTED CHILD GUIDED BY EXPERTS IN GIFTED EDUCATION AND INCORPORATES THREE COMPONENTS:1) ROBUST ACADEMICS WHICH APPROPRIATELY CHALLENGES EACH STUDENT, 2) EXTENSIVE OPPORTUNITIES FOR ARTISTIC EXPRESSION WHICH FOSTERS CREATIVITY AND BUILDS GREATER SELF-CONFIDENCE, 3) SOCIAL AND EMOTIONAL DEVELOPMENT WHICH ALLOWS STUDENTS TO GAIN SKILLS FOR LIFE-LONG SUCCESS. WE DELIVER A HIGH QUALITY EDUCATIONAL EXPERIENCE TO OVER 238 STUDENTS IN GRADES JUNIOR KINDERGARTEN THOUGH EIGHTH GRADE, 172 DAYS A YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy P Costello Head Of School | Officer | 40 | $266,686 |
Ellen Apley Recording Secretary | OfficerTrustee | 1 | $0 |
Kirsten Bedway Vice Chair | OfficerTrustee | 1 | $0 |
Steve Eikenberry Finance Secretary | OfficerTrustee | 1 | $0 |
Ayse Eli Tutek Chair | OfficerTrustee | 1 | $0 |
Mark Anderson Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $41,277 |
| Related organizations | $0 |
| Government grants | $1,389,321 |
| All other contributions, gifts, grants, and similar amounts not included above | $333,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,763,848 |
| Total Program Service Revenue | $6,723,078 |
| Investment income | $7,654 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $544 |
| 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 | $8,495,124 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,006,865 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $266,687 |
| Compensation of current officers, directors, key employees. | $61,338 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,593,126 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $454,252 |
| Payroll taxes | $289,273 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,000 |
| Fees for services: Accounting | $18,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,182 |
| Advertising and promotion | $56,801 |
| Office expenses | $87,638 |
| Information technology | $28,252 |
| Royalties | $0 |
| Occupancy | $111,398 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $145,794 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $278,733 |
| Insurance | $62,129 |
| All other expenses | $0 |
| Total functional expenses | $7,512,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,143 |
| Savings and temporary cash investments | $3,567,716 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,795,162 |
| 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 | $82,910 |
| Net Land, buildings, and equipment | $8,452,648 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $417,047 |
| Total assets | $14,489,626 |
| Accounts payable and accrued expenses | $122,038 |
| Grants payable | $0 |
| Deferred revenue | $4,784,138 |
| Tax-exempt bond liabilities | $4,969,594 |
| 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 | $0 |
| Total liabilities | $9,875,770 |
| Net assets without donor restrictions | $4,501,834 |
| Net assets with donor restrictions | $112,022 |
| 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 | $14,489,626 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Science And Arts Academy has recieved totaling $34,031.
| Awarding Organization | Amount |
|---|---|
Joy In Childhood Foundation Inc Canton, MA PURPOSE: Support Sick and Hungry Kids | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $10,000 |
Imc Chicago Charitable Foundation Chicago, IL PURPOSE: GENERAL | $2,305 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $926 |
The Simms Family Foundation Walworth, WI PURPOSE: CHARITABLE | $500 |
The Baxter Foundation Deerfield, IL PURPOSE: MATCHING GIFTS GRANT | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leslie Shankman School Corporation Chicago, IL | $18,541,071 | $14,894,001 |
La Causa Inc Milwaukee, WI | $21,522,910 | $16,623,620 |
Gibault Inc Terre Haute, IN | $35,353,670 | $13,928,805 |
Giant Steps Illinois Inc Lisle, IL | $11,784,298 | $12,524,007 |
Chileda Institute Inc La Crosse, WI | $16,643,719 | $12,257,585 |
Park Lawn School And Activity Center Oak Lawn, IL | $3,052,012 | $10,616,192 |
Cove School Inc Northbrook, IL | $12,796,735 | $10,362,338 |
Hadley Institute For The Blind And Visually Impaired Winnetka, IL | $99,224,802 | $15,744,483 |
Sycamore School Inc Indianapolis, IN | $14,641,130 | $8,887,687 |
Keshet Northbrook, IL | $16,526,441 | $12,193,321 |
Miriam Foundation St Louis, MO | $35,729,458 | $12,133,437 |
Science And Arts Academy Des Plaines, IL | $14,489,626 | $8,495,124 |