2024-12-02T12:31:37-06:00 2024-06-30 362239746 SASSETTI LLC 2107 SWIFT DRIVE SUITE 210 OAK BROOK IL 60523 990 2023-07-01 363838771 SCIENCE AND ARTS ACADEMY SCIE 8478277880 1825 MINER STREET DES PLAINES IL 60016 STEVE EIKENBERRY FINANCIAL SECRETARY 8478277880 2024-12-02 1 1 TIMOTHY G GRIFFITH P00299751 7083861433 2024-12-02 2023 2024-10-15 13:58:12Z STEVE EIKENBERRY 1825 MINER STREET DES PLAINES IL 60016 8396358 0 X WWW.SCIENCEANDARTSACADEMY.ORG X 1992 IL TO EDUCATE GIFTED CHILDREN IN AN ACADEMICALLY DIFFERENTIATED AND ENRICHED ENVIRONMENT. 13 13 96 60 0 0 304071 270032 7589426 8020337 47855 44036 35471 17296 7976823 8351701 1140515 1520879 0 0 4865479 5224271 0 0 101721 2168971 2249768 8174965 8994918 -198142 -643217 14651238 14075627 10114070 10190686 4537168 3884941 X TO EDUCATE GIFTED CHILDREN IN AN ACADEMICALLY DIFFERENTIATED AND ENRICHED ENVIRONMENT WHILE RECOGNIZING THE UNIQUE DEVELOPMENT OF EACH CHILD. OUR SUPPORTIVE COMMUNITY ENCOURAGES STUDENTS TO EMBRACE THEIR POTENTIAL AND CULTIVATES THEIR ACADEMIC ABILITIES, CREATIVE TALENTS, AND EMOTIONAL GROWTH. 0 0 7095709 1520879 8063758 SCIENCE AND ARTS ACADEMY (SAA) BELIEVES THAT EVERY GIFTED CHILD HAS THE RIGHT TO AN EDUCATION THAT IS APPROPRIATE TO HIS OR HER POTENTIAL. CONSISTENT WITH THIS BELIEF, SAA CREATES A STIMULATING LEARNING EXPERIENCE BY PROVIDING EDUCATIONAL OFFERINGS SUITED TO OUR STUDENTS' VARIED LEVELS OF DEVELOPMENT. WE BELIEVE THAT SAA'S PURPOSE IS TO PROMOTE, FACILITATE, AND IGNITE STUDENT LEARNING FURTHER, THE BEST EDUCATIONAL EXPERIENCE FOR A GIFTED CHILD GUIDED BY EXPERTS IN GIFTED EDUCATION AND INCORPORATES THREE COMPONENTS:1) ROBUST ACADEMICS WHICH APPROPRIATELY CHALLENGES EACH STUDENT, 2) EXTENSIVE OPPORTUNITIES FOR ARTISTIC EXPRESSION WHICH FOSTERS CREATIVITY AND BUILDS GREATER SELF-CONFIDENCE, 3) SOCIAL AND EMOTIONAL DEVELOPMENT WHICH ALLOWS STUDENTS TO GAIN SKILLS FOR LIFE-LONG SUCCESS. WE DELIVER A HIGH QUALITY EDUCATIONAL EXPERIENCE TO OVER 238 STUDENTS IN GRADES JUNIOR KINDERGARTEN THOUGH EIGHTH GRADE, 172 DAYS A YEAR. 7095709 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 96 1 0 0 0 0 0 1 1 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X JAMES RADERMACHER 8478277880 1825 MINER STREET DES PLAINES IL 60016 KIRSTEN BEDWAY CHAIR 1.00 X X 0 0 0 BERT GUTIERREZ-WYNNE VICE CHAIR 1.00 X X 0 0 0 STEVE EIKENBERRY FINANCE SECRETARY 1.00 X X 0 0 0 MARK ANDERSON RECORDING SECRETARY 1.00 X X 0 0 0 TED ARTHUR TRUSTEE 1.00 X 0 0 0 ELLEN APLEY TRUSTEE 1.00 X 0 0 0 SARAH BRIGHT TRUSTEE 1.00 X 0 0 0 ERIK FORD TRUSTEE 1.00 X 0 0 0 HILLARI JACOBS TRUSTEE 1.00 X 0 0 0 KATHERINE OOSTERBAAN TRUSTEE 1.00 X 0 0 0 RITESH SHAH TRUSTEE 1.00 X 0 0 0 KERBIE NEAL TRUSTEE 1.00 X 0 0 0 ANDREW SIMNICK TRUSTEE 1.00 X 0 0 0 EDWARD HOLLINGER HEAD OF SCHOOL 40.00 X 113391 0 7000 JAMES RADERMACHER BUSINESS MANAGER 40.00 X 72900 0 0 TIMOTHY COSTELLO HEAD OF SCHOOL (THRU JUN-2023) 40.00 X 147974 0 0 334265 0 7000 2 0 0 0 0 57729 212303 270032 TUITION AND FEES 611600 7298762 7298762 PROGRAM FEES 611600 721575 721575 8020337 44036 44036 2032 0 2032 2032 2032 16500 57729 44657 -28157 -28157 MISCELLANEOUS 611710 43421 43421 43421 8351701 8063758 0 17911 1520879 1520879 334065 255560 74229 4276 4017804 3073620 892756 51428 532806 407597 118389 6820 339596 259791 75458 4347 5920 5920 19239 19239 84030 9364 74509 157 59662 45641 13257 764 148030 13520 134284 226 109557 83811 24344 1402 409000 312885 90880 5235 152314 116520 33844 1950 307459 235205 68319 3935 73498 56226 16331 941 EXTRACURRICULAR AND FIE 525994 525994 CLASSROOM EXPENSES 153873 125967 27906 ADMINISTRATIVE COSTS 127823 127823 PROFESSIONAL DEVELOPMEN 53129 53129 20240 20240 8994918 7095709 1797488 101721 213404 249746 3835284 2245947 1732893 2205803 74416 73023 12327735 4076237 8354444 8251498 157338 660915 283459 388695 14651238 14075627 118886 146976 4985881 5200806 4791838 4643772 217465 199132 10114070 10190686 X 4521922 3884941 15246 0 4537168 3884941 14651238 14075627 -643217 -9010 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3955910 3955910 5977019 2527781 3449238 1044882 325063 719819 1349924 1223393 126531 8251498 LEASE LIABILITY 193977 OTHER PAYABLE 5155 199132 X 6821812 -9010 -9010 6830822 1520879 1520879 8351701 7474039 0 7474039 1520879 1520879 8994918 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT FOR NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. IN ADDITION, THE ORGANIZATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 180(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER IRC SECTION 509(A). THE ORGANIZATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE ORGANIZATION'S OPEN AUDIT PERIODS ARE 2019 THROUGH THE CURRENT YEAR. IN EVALUATING THE ORGANIZATION'S ACTIVITIES, MANAGEMENT BELIEVES ITS POSITION OF TAX-EXEMPT STATUS IS BASED ON RECORDING INCOME TAXES. IN THE OPINION OF MANAGEMENT THERE ARE NO ACTIVITIES UNRELATED TO THE PURPOSE OF THE ORGANIZATION AND THAT NO TAX IS TO BE RECOGNIZED FOR THE YEARS ENDED JUNE 30, 2024 AND 2023. IT IS THE POLICY OF THE ORGANIZATION TO INCLUDE IN ADMINISTRATIVE EXPENSES PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES. THERE ARE NO PENALTIES OR INTEREST FROM TAXING AUTHORITIES INCLUDED IN ADMINISTRATIVE EXPENSES FOR THE YEARS ENDED JUNE 30, 2024 AND 2023. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,520,879. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,520,879. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 PUBLICATION IS NOT REQUIRED PER SUBSECTION 2(C) OF REV. PROC. 75-70. GALA: 2023 ANNUAL BENEFIT 74229 57729 16500 32435 12222 74229 57729 16500 32435 12222 44657 -28157 0 FINANCIAL AID 107 1520879 X X X X 0 0 0 0 0 0 0 0 0 A CITY OF BURBANK COOK COUNTY IL 362698031 2016-05-27 5800835 REPLACEMENT BONDS USE - CONSTRUCTION 0 0 0 A 5800835 42500 5758335 1 0 1 1 A 0 0 0 0 1 0 1 A 0 1 0 0 1 1 FIRST MIDWEST BANK 10.000000000000 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION B, LINE 11B A FULL COPY OF THE FORM 990, INCLUDING SCHEDULE B, IS PROVIDED TO ALL TRUSTEES FOR REVIEW AND COMMENT. QUESTIONS OR CONCERNS ARE ADDRESSED BEFORE THE FORM 990 IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S PRACTICE FOR MONITORING PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND DEALING WITH POTENTIAL OR ACTUAL CONFLICTS OF INTEREST IS TO ANNUALLY REMIND ALL TRUSTEES TO KEEP BUSINESS INDEPENDENT. THE BOARD REVIEWS POTENTIAL CONFLICTS ANNUALLY AND DOCUMENTS CONFLICTS IN THE MINUTES. IF A POTENTIAL CONFLICT OF INTEREST ARISES, IT IS DEEMED TO BE THE RESPSONSIBILITY OF THE PERSON INVOLVED OR ANY OTHER PERSON WITH KNOWLEDGE TO NOTIFY THE BOARD OF TRUSTEES OF THE CIRCUMSTANCES RESULTING IN THE POTENTIAL CONFLICT SO THAT THE BOARD OF TRUSTEES CAN PROVIDE SUCH GUIDANCE AND TAKE SUCH ACTIONS AS APPROPRIATE. NO TRUSTEE WHO DIRECTLY OR INDIRECTLY IS INVOLVED IN A POTENTIAL CONFLICT OF INTEREST SHALL BE COUNTED IN DETERMINING THE EXISTENCE OF A QUORUM AT ANY MEETING OF THE BOARD WHERE THE POTENTIAL CONFLICT IS CONSIDERED, NOR SHALL THE TRUSTEE VOTE ON ANY ACTION. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD MEETS ANNUALLY TO REVIEW AND EVALUATE THE PERFORMANCE AND SALARY OF THE HEAD OF THE SCHOOL. THE EXECUTIVE COMMITTEE ALSO COMPARES THE COMPENSATION OF SIMILAR SCHOOLS IN THE AREA FOR THE POSITIONS OF HEAD OF SCHOOL. THE DECISIONS ARE APPROVED BY THE BOARD OF TRUSTEES AND DOCUMENTED IN THE BOARD MINUTES. THE LAST REVIEW FOR THE HEAD OF SCHOOL WAS DONE IN JUNE 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS BYLAWS AVAILABLE TO THE PUBLIC ON ITS WEBSITE. THE ORGANIZATION DOES NOT MAKE ITS CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C: THERE WAS NO CHANGE IN THE AUDIT OVERSIGHT PROCESS FROM THE PRIOR YEAR.