2024-07-15T11:26:50-05:00 2023-08-31 410746749 CLIFTONLARSONALLEN LLP 2021 SPRING ROAD SUITE 200 OAK BROOK IL 60523 990 2022-09-01 362167087 GLENWOOD ACADEMY GLEN 7087565430 500 W 187TH ST GLENWOOD IL 60425 MARY HOLLIE CEO & PRESIDENT 7087565430 2024-05-31 1 MARY HOLLIE 999009999 0 JAMES R THOMAS P00095586 6305738600 2024-05-31 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARY HOLLIE 500 WEST 187TH STREET GLENWOOD IL 60425 21552907 0 X WWW.GLENWOODACADEMY.ORG X 1887 IL TO PROVIDE A HIGH QUALITY EDUCATION AND RESIDENTIAL PROGRAM FOR STUDENTS FROM LOWER INCOME AND SINGLE-PARENT FAMILIES. 27 25 105 0 0 0 6902536 4909047 0 0 833852 901278 653747 979422 8390135 6789747 0 0 0 0 1610264 1757346 0 0 660727 2300476 2852165 3910740 4609511 4479395 2180236 83705168 88119180 18245868 18561257 65459300 69557923 GLENWOOD ACADEMY ERADICATES POVERTY, INJUSTICE, AND INEQUALITY THROUGH THE POWER OF RESIDENTIAL EDUCATION. 0 0 2807045 RESIDENTIAL EDUCATION 2-8 GRADETO PROVIDE A HIGH QUALITY EDUCATION AND RESIDENTIAL PROGRAM FOR STUDENTS FROM LOWER INCOME AND SINGLE-PARENT FAMILITES, WHO SEEK A POSITIVE ALTERNATIVE TO HOME AND COMMUNITY SITUATIONS WHICH IMPEDE OPPORTUNITIES TO ACHIEVE THEIR POTENTIAL 2807045 1 1 0 0 0 0 0 0 0 1 1 1 0 1 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 36 0 105 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 27 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X ABIGAIL CANO 7087565430 500 WEST 187TH STREET GLENWOOD IL 60425 PAM LAWLOR CHAIRWOMAN, STUDENT & STAFF SERVICES COMIITTEE 1.00 1.00 X 0 0 0 PATRICK FLINN CHAIRMAN, DEVELOPMENT & PUBLIC AFFAIRS COMMITTEE 1.00 1.00 X X 0 0 0 KURT GABOUER CHAIRMAN, FINANCE COMMITTEE 1.00 1.00 X X 0 0 0 MATT DARNALL CHAIRMAN, INVESTMENT COMMITTEE 1.00 1.00 X X 0 0 0 S BIFF BOWMAN CHAIRMAN, NOMINATING & GOVERNANCE COMMITTEE 1.00 1.00 X X 0 0 0 HARRY HOSTETLER CHAIRMAN, BUILDING & GROUND COMMITTEE 1.00 2.00 X X 0 0 0 MICHELLE SARGENT MEMBER 1.00 1.00 X 0 0 0 JULIE BADEL MEMBER 1.00 1.00 X 0 0 0 ARTHUR FOGEL MEMBER 1.00 1.00 X 0 0 0 ANTHONY DITOMMASO MEMBER 1.00 1.00 X 0 0 0 ALAN DUFF MEMBER 1.00 1.00 X 0 0 0 KEVIN CAHOON MEMBER 1.00 2.00 X 0 0 0 STEPHANIE HICKMAN MEMBER 1.00 1.00 X 0 0 0 BLANCHE HILL MEMBER 1.00 1.00 X 0 0 0 MICHAEL LYON MEMBER 1.00 1.00 X 0 0 0 NEAL KITCHELL MEMBER 1.00 2.00 X 0 0 0 CHRISTOPHER MCMAHON MEMBER 1.00 1.00 X 0 0 0 HELMUT MLAKAR MEMBER 1.00 1.00 X 0 0 0 ARTHUR PERO MEMBER 1.00 1.00 X 0 0 0 CHARLES WALLS MEMBER 1.00 1.00 X 0 0 0 LOUIS WEBER MEMBER 1.00 2.00 X 0 0 0 JAN MAZZA MEMBER 1.00 1.00 X 0 0 0 BORIS ELISMAN MEMBER 1.00 1.00 X 0 0 0 NORMAN WESLEY PAST CHAIRMAN 1.00 1.00 X 0 0 0 MARK WIGHT MEMBER 1.00 1.00 X 0 0 0 MARY HOLLIE CEO & PRESIDENT 40.00 2.00 X 364275 0 20000 COLLEEN CONLAN-CARTER CHIEF OPERATING OFFICER 40.00 1.00 X 205538 0 0 CHARLES KUDIA CFO 40.00 1.00 X 153905 0 0 KIM LUCKEY CHIEF DEVELOPMENT OFFICER 40.00 1.00 X 167347 0 0 ANNE BUDICIN PRINCIPAL, VP OF ACADEMICS 40.00 1.00 X 105606 0 0 ANTHONY TALARICO VP OF FACILITIES 40.00 1.00 X 100328 0 0 1096999 0 20000 6 0 1 0 MORGAN BIRGE & ASSOCIATES 119 WEST HUBBARD STREET 4TH FLOOR CHICAGO IL 60654 OUTSOURCED IT 117961 AMBER MECHANICAL CONTRACTORS INC 11950 SOUTH CENTRAL AVENUE ALSIP IL 608033402 HVAC REPAIRS 105332 2 291407 236896 4380744 4909047 806691 806691 14682518 14587931 94587 94587 94587 779858 291407 175229 604629 604629 DEFINED BENEFITS RETIREMENT PLAN 900099 195385 195385 ANNUITIES 900099 143963 143963 MISCELLANEOUS INCOME 900099 35445 35445 374793 6789747 0 0 1880700 723718 82287 493177 148254 459531 52249 313147 94135 451103 402219 37848 11036 50547 7325 30149 13073 72447 9452 44822 18173 5087 4462 503 122 36020 33607 1491 922 124115 115800 5138 3177 346319 51100 53817 241402 119 119 88499 62206 7015 19278 17036 12310 816 3910 224498 207937 10856 5705 2945 331 1444 1170 511898 477600 21193 13105 772651 720883 31988 19780 309220 288502 12802 7916 BANK FEES 205196 190114 9866 5216 FEES & SUBSCRIPTIONS 93994 10106 38849 45039 PAYROLL FEES 77480 72289 3208 1983 STUDENT ACTIVITIES 18347 2149 16036 162 18741 4117 7574 7050 4609511 2807045 1141739 660727 1306745 2588231 1904121 1917444 7319 26489 297728 433222 24386941 17204635 7765306 7182306 189978 197946 41733222 40836120 30500749 34937422 83705168 88119180 2285298 2594959 15928211 15966298 32359 0 18245868 18561257 X 37482556 39995003 27976744 29562920 65459300 69557923 83705168 88119180 2180236 1918387 0 X X 0 1 X 1 0 X 3310982 3109568 4004246 6902536 4909047 22236379 3310982 3109568 4004246 6902536 4909047 22236379 22236379 2042560 1602333 1470729 734389 806691 6656702 998286 82455 2296571 61011 35445 3473768 32366849 0.68700 0.65450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26330704 1108731 3033345 3510671 26962109 36054944 2378462 -8225232 3877470 26330704 29961100 383146 7789971 2079273 36054944 30064355 351458 2890640 3345353 29961100 31099837 838518 847787 2721787 30064355 0.00000 0.09800 0.90200 1 0 52187 52187 9345478 6564283 2781195 10994911 7349082 3645829 3994365 3291270 703095 7182306 CONTRIBUTIONS FROM RESIDUAL TRUSTS 704631 F CHARITABLE REMAINDER TRUSTS 1573404 C PERPETUAL TRUSTS 16036710 C PUBLICLY TRADED SECURITIES 12579644 C CORPORATE BONDS 9941730 C OTHER 1 F 40836120 DUE FROM GLENWOOD SOUTH 34937422 34937422 X PART X, LINE 2: GLENWOOD IS EXEMPT FROM FEDERAL INCOME TAXES UNDER IRC SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. GLENWOOD RECOGNIZES THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. PART V, LINE 4: TO PROVIDE FUNDING TO PROGRAMS AND ENHANCE THE SUSTAINABILITY OF THE ORGANIZATION. THANKSGIVING CELEBRATION 652841 192500 460341 6500 27814 10477 9841 GOLF TOURNAMENT 369707 98907 270800 92291 2079 4 48717 48717 785 6994 18448 1071265 291407 779858 6500 120890 6994 10477 30368 175229 604629 X 1 1 X X 0 0 0 0 0 0 0 0 0 MARY HOLLIE CEO & PRESIDENT 364275 0 0 0 0 0 20000 0 0 0 384275 0 0 0 COLLEEN CONLAN-CARTER CHIEF OPERATING OFFICER 205538 0 0 0 0 0 0 0 0 0 205538 0 0 0 KIM LUCKEY CHIEF DEVELOPMENT OFFICER 167347 0 0 0 0 0 0 0 0 0 167347 0 0 0 CHARLES KUDIA CFO 153905 0 0 0 0 0 0 0 0 0 153905 0 0 0 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. X 1263 294126 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B GOVERNING BODY REVIEWS THE FORM 990 BEFORE IT HAS BEEN FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BYLAWS CONTAIN PROVISIONS FOR THE CONFLICT OF INTEREST POLICY. THE BYLAWS ARE REVIEWED REGULARLY BY THE BOARD AND ANY CHANGES ARE APPROVED. FORM 990, PART VI, SECTION B, LINE 15 THE KEY EMPLOYEES ARE EVALUATED BY THE CHAIRMAN OF THE BOARD. HE UTILIZES HIS VAST EXPERIENCE AS WELL AS GUIDESTAR'S COMPARABLE COMPENSATION DATA FOR LIKE AGENCIES. REVIEW IS PERFORMED ANNUALLY IN DECEMBER FORM 990, PART VI, SECTION C, LINE 19 ALL ARE AVAILABLE UPON REQUEST FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED. GLENWOOD SOUTH 500 W 187TH STREET GLENWOOD IL 60425 364063075 RESID/EDUC IL 501(C)(3) LINE 2 GLENWOOD ACA 1 0 0 0 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 GLENWOOD SOUTH D 4436674 ACTUAL COST