American Quality Schools Corporation
- Assets
- $928.1k
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 32
- Location
- Downers Grove, IL
- Founding
- 10/2008
- Data as of
- 06/2021
- EIN
- 36-4298732
Organization Overview
American Quality Schools Corporation is located in Downers Grove, IL. The organization was established in 2008. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, American Quality Schools Corporation employed 32 individuals. This organization is the central organization for a national or regional group of organizations. American Quality Schools Corporation 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, American Quality Schools Corporation generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $3.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (12.9%) per year over the past 6 years. 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
ORGANIZATIN, MANAGEMENT AND OPERATION OF CHARTER SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION, MANAGEMENT AND OPERATION OF CHARTER SCHOOLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Yadgir Vice President | 1 | $115,000 | |
Charles Williams Principal | 1 | $104,911 | |
Michael Bakalis President | OfficerTrustee | 40 | $0 |
Marlene Golembo Secretary | OfficerTrustee | 1 | $0 |
George Nassos Board Member | Trustee | 1 | $0 |
Pam Paul Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,028,251 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,028,251 |
| Total Program Service Revenue | $0 |
| 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 | $3,048,885 |
| 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 | $1,516,466 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $74,615 |
| Payroll taxes | $206,465 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,388 |
| Fees for services: Accounting | $27,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,823 |
| Advertising and promotion | $2,134 |
| Office expenses | $143,193 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $330,743 |
| Travel | $119 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $34,286 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,324 |
| Insurance | $35,187 |
| All other expenses | $0 |
| Total functional expenses | $2,984,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $640,598 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $90,436 |
| 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 | $11,432 |
| Net Land, buildings, and equipment | $160,180 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,459 |
| Total assets | $928,105 |
| Accounts payable and accrued expenses | $339,265 |
| 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 | $200,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $488,867 |
| Other liabilities | $152,000 |
| Total liabilities | $1,180,132 |
| Net assets without donor restrictions | -$252,027 |
| 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 | $928,105 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Quality Schools Corporation has recieved totaling $6,625.
| Awarding Organization | Amount |
|---|---|
Loyola University Of Chicago Chicago, IL PURPOSE: Federal Work Study Reimbursement | $6,625 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Chicago Charter School Corporation Chicago, IL | $14,482,747 | $19,743,627 |
Hope Educational & Research Center St Louis, MO | $196,443,117 | $45,382,338 |
Louisville Collegiate School Louisville, KY | $44,243,091 | $19,424,992 |
Canterbury School Inc Fort Wayne, IN | $14,789,368 | $17,058,422 |
Timothy Christian Schools Elmhurst, IL | $41,280,764 | $20,446,601 |
Kentucky Country Day School Inc Louisville, KY | $45,327,857 | $17,940,550 |
Milwaukee Science Education Consortium Inc Milwaukee, WI | $22,408,763 | $18,701,164 |
Prairie School Inc Racine, WI | $75,801,246 | $20,722,980 |
Sayre School Lexington, KY | $37,948,520 | $16,925,718 |
Lexington Christian Academy Inc Lexington, KY | $37,177,484 | $18,280,442 |
Lake Forest Country Day School Lake Forest, IL | $60,294,395 | $16,845,171 |
Indian Community School Inc Franklin, WI | $820,604,355 | $21,906,582 |