Nonprofit · EIN 46-0944215
WHEATON ACADEMY FOUNDATION
Tax-exempt · WEST CHICAGO, IL 60185
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $531,915 | $120,228 | $411,687 | $4,839,145 | $28,922 | $4,810,223 |
| July 31, 2024 | 990 | $554,939 | $221,607 | $333,332 | $4,464,551 | $66,015 | $4,398,536 |
| July 31, 2023 | 990 | $798,167 | $207,131 | $591,036 | $4,065,204 | $0 | $4,065,204 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $94,950
- Program service revenue
- $0
- Investment income
- $436,965
- Net gain from sales of assets
- $344,158
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $44,020
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,200
- Program services (functional)
- $44,020
- Management and general (functional)
- $76,208
Balance sheet and other
- Total assets, start of year
- $4,464,551
- Total assets, end of year
- $4,839,145
- Total liabilities, end of year
- $28,922
- Net assets, end of year
- $4,810,223
- Publicly traded securities
- $4,318,311
- Net assets without donor restrictions
- -$41,797
- Net assets with donor restrictions
- $4,852,020
- Gross receipts
- $12,206,311
- Employees
- 0
- Volunteers
- 11
- Year formed
- 2012
- State of legal domicile
- IL
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 July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEVEN BULT | DIRECTOR Trustee or director | 1 | $0 | $251,730 | $41,267 |
| STEVE KARLSON | COO/CFO Trustee or director, Officer | 1 | $0 | $186,442 | $74,878 |
| EUGENE FROST | EXECUTIVE DIRECTOR WAF Trustee or director, Officer | 20 | $0 | $71,595 | $27,235 |
| RANDY SEAGER | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHRIS GRANT | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SOFIA HALCOMB | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHIP KRUEGER | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RANDY RENN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| DAWN WITT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MATT KAUFMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SCOTT SHELTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BAXTER WENNLUND | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JUSTIN PEACOCK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PETER CROWE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended July 31, 2024: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Steven Bult | Director Trustee or director | 1 | $0 | $218,052 | $38,528 |
| Steve Karlson | COO / CFO Trustee or director, Officer | 1 | $0 | $175,194 | $72,170 |
| Eugene Frost | Executive Director WAF Trustee or director, Officer | 20 | $0 | $68,832 | $20,046 |
| Chip Krueger | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Jeffrey Martin | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Randy Seager | Vice Chairman Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Sofia Halcomb | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Chris Grant | Director Trustee or director | 1 | $0 | $0 | $0 |
| Damon Winters | Director Trustee or director | 1 | $0 | $0 | $0 |
| Dawn Witt | Director Trustee or director | 1 | $0 | $0 | $0 |
| Doug Hardy | Director Trustee or director | 1 | $0 | $0 | $0 |
| Matt Kaufman | Director Trustee or director | 1 | $0 | $0 | $0 |
| Randy Renn | Director Trustee or director | 2 | $0 | $0 | $0 |
| Scott Shelton | Director Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended July 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Steve Karlson | COO / CFO Trustee or director, Officer | 1 | $0 | $167,554 | $51,160 |
| Eugene Frost | Executive Director WAF Trustee or director, Officer | 12 | $0 | $71,808 | $28,309 |
| Chip Krueger | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Janel Prichard | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Jeffrey Martin | Chairman Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Randy Seager | Vice Chairman Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Chris Grant | Director Trustee or director | 1 | $0 | $0 | $0 |
| Damon Winters | Director Trustee or director | 1 | $0 | $0 | $0 |
| Dawn Witt | Director Trustee or director | 1 | $0 | $0 | $0 |
| Doug Hardy | Director Trustee or director | 1 | $0 | $0 | $0 |
| Karen Bagge | Director Trustee or director | 1 | $0 | $0 | $0 |
| Keenan Hamm | Director Trustee or director | 1 | $0 | $0 | $0 |
| Matt Kaufman | Director Trustee or director | 1 | $0 | $0 | $0 |
| Sofia Halcomb | Director Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 900 PRINCE CROSSING RD, WEST CHICAGO, IL 60185-5136
- In care of
- % NIKKI DANIELS
- Principal officer (990 for 2024)
- EUGENE FROST, 900 PRINCE CROSSING ROAD, WEST CHICAGO, IL 60185
- Signed the 990
- STEVE KARLSON, COO/CFO
- Phone
- (630) 562-7500
- Website
- WWW.WHEATONACADEMY.ORG
- Return prepared by
- CRI CAPIN CROUSE ADVISORS LLC
Mission
TO HOLD AND MANAGE ENDOWMENT INVESTMENTS TO PROVIDE ONGOING SUPPORT TO WHEATON ACADEMY'S MISSION AND PROGRAMS.
Program accomplishments
- BENEFIT AND ADVANCE THE PURPOSES AND FUNCTIONS OF WHEATON ACADEMY THROUGH GRANTS FUNDING OPERATING EXPENSES, INCLUDING BUT NOT LIMITED TO THE FINANCIAL AID PROGRAM FOR WHEATON ACADEMY STUDENTS DEMONSTRATING FINANCIALS NEED.Expenses $44,020 · grants $44,020
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 July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 46-0944215
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2013
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $4,839,145
- Income (IRS master file)
- $12,206,311
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $531,915 | $120,228 | $4,839,145 | XML |
| 990 | July 2024 | $554,939 | $221,607 | $4,464,551 | XML |
| 990 | July 2023 | $798,167 | $207,131 | $4,065,204 | XML |
| 990 | July 2022 | -$339,689 | $179,821 | $3,474,168 | IRS |
| 990 | July 2021 | – | – | – | IRS |
| 990 | July 2020 | – | – | – | IRS |
| 990 | July 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 46-0944215).
Questions about WHEATON ACADEMY FOUNDATION
- What is the EIN of WHEATON ACADEMY FOUNDATION?
- The employer identification number (EIN) of WHEATON ACADEMY FOUNDATION is 46-0944215.
- Is WHEATON ACADEMY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to WHEATON ACADEMY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does WHEATON ACADEMY FOUNDATION 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 WHEATON ACADEMY FOUNDATION due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WHEATON ACADEMY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of WHEATON ACADEMY FOUNDATION?
- The 990 for the year ended July 31, 2025 names EUGENE FROST.
- Who are the officers and directors of WHEATON ACADEMY FOUNDATION?
- The 990 for the year ended July 31, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does WHEATON ACADEMY FOUNDATION have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $531,915, expenses of $120,228 and total assets of $4,839,145 at year end.
Other nonprofits in WEST CHICAGO
- WHEATON ACADEMY EIN 36-2388793 · last filed 990 for 2025
- EDUCARE OF WEST DUPAGE EIN 26-2259307 · last filed 990 for 2025
- RIVERSIDE CENTER FOR IMAGINATIVE LEARNING NFP EIN 80-0904083 · last filed 990 for 2023
- WHEATON ACADEMY INSTITUTE EIN 47-4967070 · last filed 990 for 2025
- MEXICAN CULTURAL CENTER EIN 46-3254201 · last filed 990-PF for 2025
- SINGLES PLEASING THE LORD INC EIN 01-0709509 · last filed 990-EZ for 2024
- MDP FAMILY FOUNDATION EIN 99-1089189 · last filed 990-PF for 2025
- PARENT-TEACHER ORGANIZATION OF NORTON CREEK ELEMENTARY SCHOOL EIN 36-4537647 · last filed 990-N for 2025