Nonprofit · EIN 36-2167722
AMERICAN SCHOOL OF CORRESPONDENCE
Tax-exempt · LANSING, IL 60438
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,594,758 | $3,608,386 | -$1,013,628 | $5,847,202 | $311,139 | $5,536,063 |
| June 30, 2024 | 990 | $3,221,008 | $3,872,651 | -$651,643 | $6,859,882 | $351,819 | $6,508,063 |
| June 30, 2023 | 990 | $4,468,830 | $4,488,357 | -$19,527 | $7,951,419 | $838,808 | $7,112,611 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,175,279
- Investment income
- $419,479
- Net gain from sales of assets
- $253,238
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $3,860
- Compensation of officers, directors and key employees
- $222,825
- Other salaries and wages
- $1,266,797
- Salaries, compensation and benefits (total)
- $1,977,809
- Professional fundraising fees
- $0
- Legal fees
- $12,970
- Occupancy
- $161,378
- Depreciation
- $58,416
- Program services (functional)
- $2,523,813
- Management and general (functional)
- $1,084,573
Balance sheet and other
- Total assets, start of year
- $6,859,882
- Total assets, end of year
- $5,847,202
- Total liabilities, end of year
- $311,139
- Net assets, end of year
- $5,536,063
- Land, buildings and equipment
- $601,860
- Publicly traded securities
- $4,758,164
- Net assets without donor restrictions
- $4,236,063
- Net assets with donor restrictions
- $1,300,000
- Gross receipts
- $3,606,640
- Employees
- 54
- Volunteers
- 1
- Year formed
- 1897
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VALERIE J RILEY | PRESIDENT Trustee or director, Officer | 37.5 | $98,622 | $15,485 |
| JEFFREY E COX | EXECUTIVE VICE PRESIDENT Trustee or director, Officer | 37.5 | $89,250 | $14,656 |
| GARY MASTERTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VALERIE RILEY | PRESIDENT Trustee or director, Officer | 37.5 | $99,750 | $16,443 |
| JEFFREY COX | EXECUTIVE VP & TRUSTEE Trustee or director, Officer | 37.5 | $89,250 | $15,614 |
| GARY MASTERTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VALERIE RILEY | PRESIDENT Trustee or director, Officer | 37.5 | $98,263 | $13,238 |
| JEFFREY COX | EXECUTIVE VICE PRESIDENT Officer | 37.5 | $89,250 | $12,499 |
| DR JOHN KEMP | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GARY MASTERTON | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2200 E 170TH ST, LANSING, IL 60438-1002
- Principal officer (990 for 2024)
- VALERIE J RILEY, 2200 E 170TH ST, LANSING, IL 60438
- Signed the 990
- VALERIE J RILEY, PRESIDENT
- Phone
- (708) 418-2800
- Website
- WWW.AMERICANSCHOOL.ORG
- Return prepared by
- CHERRY BEKAERT ADVISORY LLC
Mission
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
Program accomplishments
- EDUCATIONAL SERVICES: PROVIDE QUALITY SECONDARY INSTRUCTION AT A REASONABLE COST TO STUDENTS SEEKING TO COMPLETE A HIGH SCHOOL EDUCATION THROUGH THE HOME STUDY METHOD.Expenses $2,523,813 · grants $3,860 · revenue $2,175,279
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 36-2167722
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1927
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B600)
- Assets (IRS master file)
- $5,847,202
- Income (IRS master file)
- $3,606,640
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,594,758 | $3,608,386 | $5,847,202 | XML |
| 990 | June 2024 | $3,221,008 | $3,872,651 | $6,859,882 | IRS |
| 990 | June 2023 | $4,468,830 | $4,488,357 | $7,951,419 | XML |
| 990 | June 2022 | $3,637,844 | $4,900,733 | $8,928,787 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-2167722).
Questions about AMERICAN SCHOOL OF CORRESPONDENCE
- What is the EIN of AMERICAN SCHOOL OF CORRESPONDENCE?
- The employer identification number (EIN) of AMERICAN SCHOOL OF CORRESPONDENCE is 36-2167722.
- Is AMERICAN SCHOOL OF CORRESPONDENCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1927.
- Are donations to AMERICAN SCHOOL OF CORRESPONDENCE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AMERICAN SCHOOL OF CORRESPONDENCE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AMERICAN SCHOOL OF CORRESPONDENCE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AMERICAN SCHOOL OF CORRESPONDENCE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of AMERICAN SCHOOL OF CORRESPONDENCE?
- The 990 for the year ended June 30, 2025 names VALERIE J RILEY.
- Who are the officers and directors of AMERICAN SCHOOL OF CORRESPONDENCE?
- The 990 for the year ended June 30, 2025 lists 3 people; 2 received compensation from the organization, the highest $98,622 (VALERIE J RILEY, PRESIDENT).
- How much revenue does AMERICAN SCHOOL OF CORRESPONDENCE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,594,758, expenses of $3,608,386 and total assets of $5,847,202 at year end.
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