2024-04-30T07:43:08-05:00 2023-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 15303 S 94TH AVE STE 200 ORLAND PARK IL 60462 990 2022-07-01 362167722 AMERICAN SCHOOL OF CORRESPONDENCE AMER 7084182800 2200 E 170TH ST LANSING IL 60438 VALERIE J RILEY PRESIDENT 7084182800 2024-04-25 1 VALERIE RILEY 999009999 1 ELEANOR A LIVINGSTON CPA MST P00226461 7083496999 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z VALERIE J RILEY 2200 E 170TH ST LANSING IL 60438 5560702 0 X WWW.AMERICANSCHOOL.ORG X 1897 MA PROVIDE A MIDDLE SCHOOL AND HIGH SCHOOL EDUCATION THROUGH THE HOME STUDY METHOD AT A REASONABLE COST TO STUDENTS. 3 2 69 2 0 0 0 724193 3236097 3255639 401747 488998 0 0 3637844 4468830 8271 5902 0 0 2498158 2299068 0 0 0 2394304 2183387 4900733 4488357 -1262889 -19527 8928787 7951419 1876039 838808 7052748 7112611 THE AMERICAN SCHOOL, A NOT FOR PROFIT DISTANCE LEARNING INSTITUTION UTILIZING THE HOME STUDY METHOD, IS DEDICATED TO PROVIDING QUALITY SECONDARY INSTRUCTION AT A REASONABLE COST TO THOSE STUDENTS WHO ARE SEEKING AN ALTERNATIVE MEANS OF COMPLETING THEIR HIGH SCHOOL EDUCATION 0 0 3384666 5902 3255639 EDUCATIONAL SERVICES: PROVIDE QUALITY SECONDARY INSTRUCTION AT A REASONABLE COST TO STUDENTS SEEKING TO COMPLETE A HIGH SCHOOL EDUCATION THROUGH THE HOME STUDY METHOD. 3384666 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 69 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X CAROL ROGERS 7084182810 2200 E 170TH STREET LANSING IL 60438 VALERIE RILEY PRESIDENT 37.50 X X 98263 0 13238 DR JOHN KEMP TRUSTEE 1.00 X 0 0 0 GARY MASTERTON TRUSTEE 1.00 X 0 0 0 JEFFREY COX EXECUTIVE VICE PRESIDENT 37.50 X 89250 0 12499 187513 0 25737 0 0 0 0 0 724193 724193 TRAINING COURSES 900099 3236102 3236102 OTHER STUDENT SERVICES 900099 19537 19537 3255639 153595 153595 1427275 1091872 335403 335403 335403 4468830 3255639 0 488998 5902 5902 213250 151592 61658 1539323 1094249 445074 425471 302451 123020 121024 86032 34992 3845 3845 611 611 27275 27275 248450 102978 145472 62655 62655 51179 21978 29201 246968 244060 2908 181848 121098 60750 53312 35542 17770 63375 33628 29747 EDUCATION MATERIALS 547850 534389 13461 DISCOUNT AND PROVISION 478705 478705 SHIPPING AND RECEIVING 154544 144937 9607 DUES AND SUBSCRIPTIONS 62770 27125 35645 4488357 3384666 1103691 0 244728 24031 761058 1021639 399192 399835 66119 62165 3330413 2660342 696330 670071 6761360 5773678 8928787 7951419 220535 170106 27233 1609713 641469 45791 0 1876039 838808 X 5752748 5812611 1300000 1300000 7052748 7112611 8928787 7951419 -19527 -47927 127317 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1300000 85829 85829 1300000 1300000 1300000 1300000 239621 239621 1300000 1300000 66227 66227 1300000 1300000 85812 85812 1300000 0.00000 1.00000 0.00000 0 0 225000 225000 2784696 2396506 388190 314043 257867 56176 6674 5969 705 670071 X 3909021 -47927 -47927 3956948 27275 484607 511882 4468830 3976475 0 3976475 27275 484607 511882 4488357 PART V, LINE 4: THE ENDOWMENT IS USED FOR GENERAL SCHOOL OPERATIONS. PART X, LINE 2: THE SCHOOL HAS BEEN DETERMINED TO BE EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR EITHER FEDERAL OR STATE INCOME TAXES. THE SCHOOL HAS EVALUATED THE TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS. CURRENTLY, THE TAX RETURN FOR THE PRIOR THREE FISCAL YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE; HOWEVER, THE SCHOOL IS NOT CURRENTLY UNDER AUDIT NOR HAS THE SCHOOL BEEN CONTACTED BY THIS JURISDICTION. BASED ON THE EVALUATION OF THE SCHOOL'S TAX POSITION, MANAGEMENT BELIEVES ALL POSITIONS WOULD BE UPHELD UNDER AN EXAMINATION; THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. PART XI, LINE 4B - OTHER ADJUSTMENTS: DISCOUNT AND PROVISION FOR CANCELLATION 484,607. PART XII, LINE 4B - OTHER ADJUSTMENTS: DISCOUNT AND PROVISION FOR CANCELLATION 484,607. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ORGANIZATIONS NONDISCRIMINATORY POLICY IS DESCRIBED IN A SCHOOL BULLETIN WHICH IS DISTRIBUTED TO ALL STUDENTS. SCHEDULE E, PART I, LINE 6 THE PROVISIONS OF THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (THE CARES ACT) PROVIDES AN EMPLOYEE RETENTION CREDIT (ERC), WHICH IS A REFUNDABLE TAX CREDIT AGAINST CERTAIN EMPLOYMENT TAXES FOR ELIGIBLE EMPLOYERS. MANAGEMENT DETERMINED THE SCHOOL QUALIFIES FOR THE ERC AND HAS ELECTED TO TREAT THE CREDIT CONSISTENT WITH THE TREATMENT OF CONDITIONAL GRANTS. THE SCHOOL HAS RECOGNIZED $724,193 AS ERC GRANT REVENUE FOR THE YEAR ENDED JUNE 30, 2023. 1 SCHOLARSHIPS 6 5902 PART I, LINE 2: FORMER GRADUATES APPLY FOR THE SCHOLARSHIP BY WRITING A TWO PAGE SYNOPSIS STATING WHY THEY BELIEVE THEY SHOULD BE AWARDED THE SCHOLARSHIP. A SELECTION COMMITTEE THEN REVIEWS ALL OF THE APPLICATIONS AND CHOOSES THE RECIPIENTS. THE SCHOLARSHIPS ARE THEN PAID DIRECTLY TO THE RECIPIENT'S SCHOOL OR PAID TO THE RECIPIENT FOR TUITION THROUGH A REIMBURSEMENT PROCESS. FORM 990, PART VI, SECTION A, LINE 6 FULL TIME EMPLOYEES OF THE SCHOOL MAY BE MEMBERS OF THE CORPORATION IN ADDITION TO MEMBERS OF THE BOARD OF TRUSTEES. MEMBERS ARE SELECTED BY INVITATION OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CORPORATION MAY SUBMIT NOMINATIONS FOR MEMBERS OF THE BOARD OF TRUSTEES. THE MEMBERS OF THE CORPORATION AT A DULY CALLED MEETING MAY OVERRULE BY THREE-FOURTHS VOTE THE ACTION OF THE BOARD OF TRUSTEES IN APPROVING OR REMOVING A MEMBER. FORM 990, PART VI, SECTION B, LINE 11B 990 IS REVIEWED BY THE FINANCE COMMITTEE AND MADE AVAILABLE TO THE ENTIRE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS ANNUALLY SIGNS A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY B. HAS READ AND UNDERSTANDS THE POLICY C. HAS AGREED TO COMPLY WITH THE POLICY D. UNDERSTANDS AMERICAN SCHOOL IS A NON-PROFIT AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION REVIEW OF THE CEO, EXECUTIVE DIRECTOR, AND TOP MANAGEMENT IS PERFORMED BY THE BOARD OF TRUSTEES. THE COMPENSATION REVIEW OF OFFICERS AND KEY EMPLOYEES IS PERFORMED BY THE THE BOARD OF TRUSTEES, CFO, AND PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST