Nonprofit · EIN 61-1413612
EINSTEIN ACADEMY
Tax-exempt · ELGIN, IL 60123
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $51,819 | $162,111 | -$110,292 | $1,483,801 | $3,300,066 | -$1,816,265 |
| June 30, 2023 | 990 | $155,390 | $308,245 | -$152,855 | $1,947,920 | $3,595,073 | -$1,647,153 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $10,815
- Investment income
- $12,596
- Net rental income
- $28,408
- Other revenue
- $28,408
Expenses
- Grants and similar amounts paid
- $360
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $20,185
- Accounting fees
- $2,650
- Occupancy
- $29,138
- Depreciation
- $59,127
- Program services (functional)
- $162,111
Balance sheet and other
- Total assets, start of year
- $1,947,920
- Total assets, end of year
- $1,483,801
- Total liabilities, end of year
- $3,300,066
- Net assets, end of year
- -$1,816,265
- Land, buildings and equipment
- $1,433,828
- Gross receipts
- $51,819
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2002
- 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 June 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Cathryn Ilani | President Trustee or director, Officer | 0.5 | $0 |
| Brad Bolerjack | Secretary Trustee or director, Officer | 0.1 | $0 |
| Al Neil | Treasurer Trustee or director, Officer | 0.1 | $0 |
| Ezra Ilani | Vice President Trustee or director, Officer | 0.1 | $0 |
990 for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Cathryn Ilani | President Trustee or director, Officer | 0.5 | $0 |
| Brad Bolerjack | Secretary Trustee or director, Officer | 0.1 | $0 |
| Al Neil | Treasurer Trustee or director, Officer | 0.1 | $0 |
| Ezra Ilani | Vice President Trustee or director, Officer | 0.1 | $0 |
Address and contacts
- Address (IRS master file)
- 747 DAVIS RD, ELGIN, IL 60123-1307
- In care of
- % CATHRYN ILANI
- Principal officer (990 for 2023)
- Cathryn Ilani, 747 Davis Road, Elgin, IL 601231307
- Signed the 990
- Cathryn Ilani, President
- Phone
- (847) 343-1260
- Return prepared by
- Walton Rahal CPAs
Mission
To implement an individualize and nurturing program that provides gifted and talented students with skills and knowledge necessary to become productive members of society and lifelong learners.
Program accomplishments
- Educational program and school consisting of students, grades pre-school through twelfth grade.Expenses $162,111 · revenue $10,815
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 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 61-1413612
- 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
- 2002
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $1,483,801
- Income (IRS master file)
- $51,819
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | $51,819 | $162,111 | $1,483,801 | XML |
| 990 | June 2023 | $155,390 | $308,245 | $1,947,920 | XML |
| 990 | June 2022 | $735,439 | $718,724 | $2,152,197 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 61-1413612).
Questions about EINSTEIN ACADEMY
- What is the EIN of EINSTEIN ACADEMY?
- The employer identification number (EIN) of EINSTEIN ACADEMY is 61-1413612.
- Is EINSTEIN ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to EINSTEIN ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EINSTEIN ACADEMY 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 EINSTEIN ACADEMY 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 EINSTEIN ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of EINSTEIN ACADEMY?
- The 990 for the year ended June 30, 2024 names Cathryn Ilani.
- Who are the officers and directors of EINSTEIN ACADEMY?
- The 990 for the year ended June 30, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does EINSTEIN ACADEMY have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $51,819, expenses of $162,111 and total assets of $1,483,801 at year end.
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