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Nonprofiteer
← GLENWOOD ACADEMY

Form 990 for tax year 2022

Filed by GLENWOOD ACADEMY.

Totals

Total revenue
$6,789,747
Total expenses
$4,609,511
Contributions and grants received
$4,909,047
Grants paid
$0
Program service revenue
$0
Investment income
$901,278
Other revenue
$979,422
Total assets, end of year
$88,119,180
Total liabilities, end of year
$18,561,257
Net assets or fund balances, end of year
$69,557,923
Program services expenses (Part IX)
$2,807,045
Management and general expenses
$1,141,739
Fundraising expenses
$660,727
Program service expenses (Part III)
$2,807,045

Program services were 60.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • PAM LAWLOR

    CHAIRWOMAN, STUDENT & STAFF SERVICES COMIITTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PATRICK FLINN

    CHAIRMAN, DEVELOPMENT & PUBLIC AFFAIRS COMMITTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KURT GABOUER

    CHAIRMAN, FINANCE COMMITTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MATT DARNALL

    CHAIRMAN, INVESTMENT COMMITTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • S BIFF BOWMAN

    CHAIRMAN, NOMINATING & GOVERNANCE COMMITTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • HARRY HOSTETLER

    CHAIRMAN, BUILDING & GROUND COMMITTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • MICHELLE SARGENT

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JULIE BADEL

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ARTHUR FOGEL

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ANTHONY DITOMMASO

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ALAN DUFF

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KEVIN CAHOON

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • STEPHANIE HICKMAN

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BLANCHE HILL

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MICHAEL LYON

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • NEAL KITCHELL

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • CHRISTOPHER MCMAHON

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • HELMUT MLAKAR

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ARTHUR PERO

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CHARLES WALLS

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LOUIS WEBER

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JAN MAZZA

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BORIS ELISMAN

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • NORMAN WESLEY

    PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MARK WIGHT

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MARY HOLLIE

    CEO & PRESIDENT

    Total calculated
    $384,275
    From this org
    $364,275
    From related orgs
    $0
    Other
    $20,000
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $364,275
    Bonus
    $0
    Other
    $0
    Deferred
    $20,000
    Nontaxable benefits
    $0
    Filer's total
    $384,275

  • COLLEEN CONLAN-CARTER

    CHIEF OPERATING OFFICER

    Total calculated
    $205,538
    From this org
    $205,538
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $205,538
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $205,538

  • CHARLES KUDIA

    CFO

    Total calculated
    $153,905
    From this org
    $153,905
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $153,905
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $153,905

  • KIM LUCKEY

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $167,347
    From this org
    $167,347
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $167,347
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $167,347

  • ANNE BUDICIN

    PRINCIPAL, VP OF ACADEMICS

    Total calculated
    $105,606
    From this org
    $105,606
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

  • ANTHONY TALARICO

    VP OF FACILITIES

    Total calculated
    $100,328
    From this org
    $100,328
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
A RESIDENCE ON CAMPUS IS PROVIDED FOR THE PRESIDENT TO ALLOW THE PRESIDENT TO BE AVAILABLE AS NECESSARY. THE BENEFIT WAS NOT INCLUDED AS TAXABLE COMPENSATION. TRAVEL EXPENSES SUCH AS MILEAGE, GAS, AND MAINTENANCE THAT ARE INCURRED ARE REIMBURSED BY THE ORGANIZATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • GLENWOOD SOUTH

    501(C)(3) · RESID/EDUC · IL · controlled entity

    Directly controlled by GLENWOOD ACA

Provenance

Return type
form_990
Tax year
2022
Filed
31 May 2024
IRS schema version
2022v5.0
Source object
202431979349301408

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