2026-07-01T15:20:15-05:00 2025-08-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2024-09-01 362167087 GLENWOOD ACADEMY GLEN 7087565430 500 W 187TH ST GLENWOOD IL 60425 COLLEEN CARTER CEO 7087565430 2026-06-29 1 1 SARAH REICHLING P01587996 6123764500 2026-06-29 2024 2025-03-06 01:10:19Z COLLEEN CARTER 500 WEST 187TH STREET GLENWOOD IL 60425 28781661 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. 20 20 119 28 0 0 5366232 7030510 0 0 1453512 1887366 1062027 1130923 7881771 10048799 0 0 0 0 1847797 2121281 0 0 803593 3122475 3101690 4970272 5222971 2911499 4825828 95262436 101707272 18123835 17987436 77138601 83719836 GLENWOOD ACADEMY ERADICATES POVERTY, INJUSTICE, AND INEQUALITY THROUGH THE POWER OF RESIDENTIAL EDUCATION. 0 0 3328754 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 3328754 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 34 0 119 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 20 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 X 0 0 0 PATRICK FLINN CHAIRMAN, DEV. & PUBLIC AFFAIRS 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 & 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 PRESIDENT & CEO THROUGH JAN 2026 40.00 2.00 X 375769 0 20000 CHARLES KUDIA CFO 40.00 1.00 X 188428 0 0 COLLEEN CARTER CEO - AS OF SEP 2025 40.00 2.00 X 249154 0 0 ANNE BUDICIN VP OF ACADEMIC AFFAIRS AND ADMISSIONS 40.00 1.00 X 119837 0 0 ANTHONY TALARICO VP OF FACILITIES 40.00 1.00 X 115494 0 0 ABIGAIL CANO VP OF FINANCE & FOOD SERVICES 40.00 1.00 X 116093 0 0 1164775 0 20000 6 0 1 0 MORGAN BIRGE & ASSOCIATES 77 W WASHINGTON ST STE 1705 CHICAGO IL 60602 OUTSOURCED IT 160438 1 255748 257081 6517681 3415647 7030510 776308 776308 19608765 18497707 1111058 1111058 1111058 938586 255748 235155 703431 703431 DEFINED BENEFITS RETIREMENT PLAN 900099 402357 402357 MISCELLANEOUS INCOME 900099 25135 25135 427492 10048799 0 0 3018289 833351 65470 534044 233837 398029 31270 255073 111686 751446 682439 50282 18725 57946 5707 31826 20413 80509 6521 48928 25060 2695 2695 53580 49990 2218 1372 111571 104096 4619 2856 201854 540 14902 186412 1231 1231 326593 242551 15228 68814 21655 18881 2033 741 262171 243357 12137 6677 1786 103 344 1339 525611 490395 21760 13456 807861 753735 33445 20681 506791 472836 20981 12974 FEES & SUBSCRIPTIONS 151709 69557 31725 50427 PAYROLL FEES 80774 75362 3344 2068 STUDENT ACTIVITIES 13858 10626 2201 1031 TRAINING 7018 5043 1817 158 24932 275 1022 23635 5222971 3328754 1090624 803593 1841472 4574666 2077652 1223375 54253 26062 606010 751226 19027509 12644936 6953718 6382573 208248 217252 44246996 44611125 39274087 43920993 95262436 101707272 2119450 1944964 16004385 16042472 18123835 17987436 X 44088800 49780152 33049801 33939684 77138601 83719836 95262436 101707272 4825828 1755407 0 X 0 1 X 1 0 X 4004246 6902536 4909047 5366232 7030510 28212571 4004246 6902536 4909047 5366232 7030510 28212571 28212571 1470729 734389 806691 908501 776308 4696618 2296571 61011 35445 23262 25135 2441424 35350613 0.79810 0.72750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29639017 4860641 3903421 5595439 32807640 26962109 1390809 6603247 5317146 29639017 26330704 1108731 3033345 3510671 26962109 36054944 2378462 -8225232 3877470 26330704 29961100 383146 7789971 2079273 36054944 0.00278 0.88188 0.11534 1 0 48328 48328 9345478 6891785 2453693 6992188 3772288 3219900 2641515 1980863 660652 6382573 CONTRIBUTIONS FROM RESIDUAL TRUSTS 839154 F CHARITABLE REMAINDER TRUSTS 1669992 F PERPETUAL TRUSTS 20084620 F PUBLICLY TRADED SECURITIES 12888833 F CORPORATE BOND 9128526 F 44611125 DUE FROM GLENWOOD SOUTH 43920993 43920993 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 810119 126755 683364 22898 26088 42085 14506 GOLF TOURNAMENT 360321 128993 231328 117201 99 3 23894 23894 6895 2514 2869 1194334 255748 938586 22898 150184 2514 42085 17474 235155 703431 X 1 1 X X 0 0 0 0 0 0 0 0 0 MARY HOLLIE PRESIDENT & CEO THROUGH JAN 2026 375769 0 0 0 0 0 20000 0 0 0 395769 0 0 0 COLLEEN CARTER CEO - AS OF SEP 2025 249154 0 0 0 0 0 0 0 0 0 249154 0 0 0 CHARLES KUDIA CFO 188428 0 0 0 0 0 0 0 0 0 188428 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 12918 3415647 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 GLENWOOD SOUTH 500 W 187TH STREET GLENWOOD IL 60425 364063075 RESIDENTIAL & EDUCATION SERVICES IL 501(C)(3) LINE 2 GLENWOOD ACADEMY 1 0 0 0 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 GLENWOOD SOUTH D 4646906 ACTUAL COST