2025-07-01T09:15:36-05:00 2024-08-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2023-09-01 362167087 GLENWOOD ACADEMY GLEN 7087565430 500 W 187TH ST GLENWOOD IL 60425 MARY HOLLIE CEO & PRESIDENT 7087565430 2025-06-30 1 0 SARAH REICHLING P01587996 6123764500 2025-06-30 2023 2025-03-06 01:10:19Z MARY HOLLIE 500 WEST 187TH STREET GLENWOOD IL 60425 30256564 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. 25 25 118 3 0 0 4909047 5366232 0 0 901278 1453512 979422 1062027 6789747 7881771 0 0 0 0 1757346 1847797 0 0 733663 2852165 3122475 4609511 4970272 2180236 2911499 88119180 95262436 18561257 18123835 69557923 77138601 GLENWOOD ACADEMY ERADICATES POVERTY, INJUSTICE, AND INEQUALITY THROUGH THE POWER OF RESIDENTIAL EDUCATION. 0 0 3118371 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 3118371 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 35 0 118 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 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 COMMITTEE 1.00 1.00 X 0 0 0 PATRICK FLINN CHAIRMAN, DEV & PUBLIC AFFAIRS COMMITTEE 1.00 1.00 X X 0 0 0 KURT GABOUER CHAIRMAN, FINANCE COMMITTE 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 & GOV 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 338484 0 20000 COLLEEN CARTER CHIEF OPERATING OFFICER 40.00 1.00 X 183767 0 0 CHARLES KUDIA CFO 40.00 1.00 X 141532 0 0 KIM LUCKEY CHIEF DEVELOPMENT OFF. THRU DEC 2024 40.00 1.00 X 177388 0 0 ANNE BUDICIN VP OF ACADEMIC AFFAIRS AND ADMISSIONS 40.00 1.00 X 109352 0 0 950523 0 20000 5 0 1 0 MORGAN BIRGE & ASSOCIATES 119 WEST HUBBARD STREET 4TH FLOOR CHICAGO IL 60654 OUTSOURCED IT 148591 1 369718 643872 4352642 5366232 908501 908501 22529954 181200 22162284 3859 367670 177341 545011 545011 676291 369718 208650 467641 467641 ANNUITIES 900099 467391 467391 DEFINED BENEFITS RETIREMENT PLAN 900099 103733 103733 MISCELLANEOUS INCOME 900099 23262 23262 594386 7881771 0 0 2515539 663783 82385 437819 143579 577694 71700 381036 124958 461862 412257 38293 11312 59771 10061 32127 17583 84687 11106 53735 19846 3921 3659 162 100 56399 52620 2335 1444 119622 111608 4952 3062 279564 38140 14311 227113 504 328 176 114395 57778 7217 49400 27728 24139 1094 2495 261905 243298 11931 6676 1949 237 1464 248 627695 585639 25987 16069 836300 780268 34623 21409 378192 352853 15657 9682 BANK FEES 197765 183712 9012 5041 PAYROLL FEES 80039 74676 3314 2049 FEES & SUBSCRIPTIONS 79447 7210 36426 35811 STUDENT ACTIVITIES 12036 9374 1507 1155 45014 5323 5236 34455 4970272 3118371 1118238 733663 2588231 1841472 1917444 2077652 26489 54253 433222 606010 18828880 11875162 7182306 6953718 197946 208248 40836120 44246996 34937422 39274087 88119180 95262436 2594959 2119450 15966298 16004385 18561257 18123835 X 39995003 44088800 29562920 33049801 69557923 77138601 88119180 95262436 2911499 4669179 0 X X 0 1 X 1 0 X 3109568 4004246 6902536 4909047 5366232 24291629 3109568 4004246 6902536 4909047 5366232 24291629 24291629 1602333 1470729 734389 806691 908501 5522643 82455 2296571 61011 35445 23262 2498744 32313016 0.75180 0.68700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26962109 1390809 6603247 5317146 29639019 26330704 1108731 3033345 3510671 26962109 36054944 2378462 -8225232 3877470 26330704 29961100 383146 7789971 2079273 36054944 30064355 351458 2890640 3345353 29961100 0.00000 0.92420 0.07580 1 0 48328 48328 9345478 6728034 2617444 6880285 3372581 3507704 2554789 1774547 780242 6953718 CONTRIBUTIONS FROM RESIDUAL TRUSTS 789928 F CHARITABLE REMAINDER TRUSTS 1683103 F PERPETUAL TRUSTS 18863443 F PUBLICLY TRADED SECURITIES 13543521 F CORPORATE BONDS 9367001 F 44246996 DUE FROM GLENWOOD SOUTH 39274087 39274087 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 673306 285415 387891 2000 43262 18000 20576 GOLF TOURNAMENT 340053 84303 255750 1000 107895 500 4 32650 32650 5450 9967 1046009 369718 676291 3000 151157 5450 18000 31043 208650 467641 X 1 1 X X 0 0 0 0 0 0 0 0 0 MARY HOLLIE CEO & PRESIDENT 338484 0 0 0 0 0 20000 0 0 0 358484 0 0 0 COLLEEN CARTER CHIEF OPERATING OFFICER 183767 0 0 0 0 0 0 0 0 0 183767 0 0 0 KIM LUCKEY CHIEF DEVELOPMENT OFF. THRU DEC 2024 177388 0 0 0 0 0 0 0 0 0 177388 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 1120 300530 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 4336664 ACTUAL COST