Northern Kane Educational Corp FY2020 filing

Tax-deductible

Pingree Grove, IL501(c)(3)Since 2004EducationEIN 20-2059533Revenue $10.0M in FY2020

On file with the IRS840 Campus Dr, 60140-2086 · Pingree Grove, ILTax-exempt since Sep 2006School — 170(b)(1)(A)(ii)

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To facilitate lifelong, high achievement learning. Continuously addressing financial, space, and Educational delivery issues within a large school district.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$291K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $1.0M a year · 10% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$291K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
19 mo
of spending, in cash
Looks good: 18.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $360
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$27.9M
100% of total assets
Concern: liabilities are 100% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.0M
Spent
$9.5M
To programs
90%
Net assets
$4K
By yearFY2020–FY2025
Revenue
$10.0M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$10.0M
FY2021$9.4M
FY2022$9.2M
FY2023$9.9M
FY2024$10.8M
FY2025$11.7M
Expenses
$9.5M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$9.5M
FY2021$8.7M
FY2022$8.7M
FY2023$8.7M
FY2024$10.0M
FY2025$9.3M
Net assets
$4K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$4K
FY2021$589K
FY2022$1.1M
FY2023$2.3M
FY2024$3.1M
FY2025$5.6M

From the FY2020 Form 990 (year ending August 2020) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $8.5M Management & general 10% · $994K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $291K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$107,727Pt VII · Sec A
Director
$98,387Pt VII · Sec A
Secretary
$64,030Pt VII · Sec A
$19,973Pt VII · Sec A
Director
$600Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Mark Rasar’s $166K as CEO is at the 23rd percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Mark Rasar$166,399$13,848————
William Doran—$144,012————
Dr William Doran——$138,237$138,401——
Paul Troy$61,047$114,290$111,308$111,309——
Sean Masten—$109,047$106,148$103,795——
Sylvia J Polletta—————$107,727
Sylvia Poletta————$103,207—
Karissa Munger$100,674—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves learning by solving financial, space, and delivery challenges in a school district.

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Provided by the organization

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3 programs · $8.5M · in their own filed words · FY2019
01

Cambridge lakes charter school provides district 300 families with an alternative community school choice for students in kindergarten through eighth grade and the cambridge lakes academy for students in kindergarden through twelfth grade. During the 2020 school year, approximately 825 students were enrolled.

$8.0Mprogram expense
02

Cambridge lakes preschool offers tuition-based preschool for 3 and 4 year olds using core knowledge curriculum with some underlying high scope methods. The children learn from illinois certified early childhood teachers. During the 2020 school year, approximately 84 students were enrolled.

$337Kprogram expense
03

School's out provides students with learning enrichment for core subjects and opportunities to explore art, music, technology, fitness and sports. School's out summer fun provides daily camp experiences during the summer. Due to the 2020 pandemic, school's out summer was not run. School's out community fun serves adults and families.

$184Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$360

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$10.0M
Ln 12
Fees for servicesLn 2g$9.3M
Other incomeLn 4–11$517K
Investment incomeLn 3$126K
Money outPt IX
$9.5M
Ln 25
Programscol B$8.5M
Managementcol C$994K
Owns and owesPt X
$4K
net assets · Ln 32
Cash and savingsLn 1–2$14.9M
Total assetsLn 16$27.9M
LiabilitiesLn 26$27.9M
PeoplePt VI, VII
15
listed · VII A
PaidVII A5
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$14K
Noncash giftsLn 1g$14K
Fees for servicesLn 2g$9.3M
Investment incomeLn 3$126K
Other incomeLn 4–11$517K
Total revenueLn 12$10.0M
Assets in detailPt X, end of year
CashLn 1$976K
SavingsLn 2$13.9M
Cash and savings togetherLn 1–2$14.9M
InvestmentsLn 11–13$22K
Land, buildings, equipmentLn 10c$12.4M
Total assetsLn 16$27.9M
LiabilitiesLn 26$27.9M
Net assetsLn 32$4K
OperationsPt I, VI
EmployeesI 5147
VolunteersI 6375
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$13.6M$14.9M
InvestmentsLn 11–13$31K$22K
Land, buildings, equipmentLn 10c$12.1M$12.4M
Total assetsLn 16$26.5M$27.9M
LiabilitiesLn 26$27.0M$27.9M
Net assetsLn 32−$538K$4K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$198K$176K$23K
Other salaries and wagesLn 7$4.6M$4.1M$558K
Other employee benefitsLn 9$10K$2K$8K
Payroll taxesLn 10$361K$318K$43K
Management feesLn 11a$3K$3K
Legal feesLn 11b$16K$16K
Accounting feesLn 11c$47K$47K
Other fees for servicesLn 11g$841K$827K$14K
Advertising and promotionLn 12$14K$14K$180
Office expensesLn 13$122K$88K$35K
Information technologyLn 14$91K$87K$4K
OccupancyLn 16$389K$354K$35K
TravelLn 17$23K$23K
InterestLn 20$1.4M$1.4M
Depreciation, depletion and amortizationLn 22$904K$890K$14K
InsuranceLn 23$93K$93K
Other expenses (24a–d)Ln 24$369K$286K$83K
All other expensesLn 24e$5K$5K
Total functional expensesLn 25$9.5M$8.5M$994K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $11.7M$9.3M$2.4M$5.6M 990 PDF
FY2024 $10.8M$10.0M$804K$3.1M 990 PDF
FY2023 $9.9M$8.7M$1.2M$2.3M 990 PDF
FY2022 $9.2M$8.7M$503K$1.1M 990 PDF
FY2021 $9.4M$8.7M$638K$589K 990 PDF
FY2020 Viewing $10.0M$9.5M$468K$4K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $10,002,410 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $70$14,244
I-9 Program service revenuePrior year $9,720,239$9,345,573
I-10 Investment incomePrior year $178,410$125,967
I-11 Other revenuePrior year $540,562$516,626
I-12 Total revenuePrior year $10,439,281$10,002,410
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,902,648$5,212,642
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,565,806$4,322,125
I-18 Total expensesPrior year $9,468,454$9,534,767
I-19 Revenue less expensesPrior year $970,827$467,643
Part VI · Governance 9 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $10,002,410 across 9 lines filed
Lines not itemized here account for $68,133 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$14,244
VIII-1g Noncash contributions (included above)$14,244
VIII-1h Total contributions, gifts and grants$14,244
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,277,440$9,277,440
VIII-3 Investment incomeExcluded from tax $125,967$125,967
VIII-6 Net rental income or lossExcluded from tax $5,963$5,963
VIII-8 Net income from fundraising eventsExcluded from tax $10,915$10,915
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $495,748 · Excluded from tax $4,000$499,748
VIII-12 Total revenueRelated to mission $9,841,321 · Unrelated business $0 · Excluded from tax $146,845$10,002,410
Part IX · Statement of functional expenses $9,534,767 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $175,558 · Management $22,942$198,500
IX-7 Other salaries and wagesPrograms $4,086,289 · Management $557,534$4,643,823
IX-9 Other employee benefitsPrograms $1,693 · Management $8,066$9,759
IX-10 Payroll taxesPrograms $317,674 · Management $42,886$360,560
IX-11a Management feesPrograms $3,400$3,400
IX-11b Legal feesManagement $15,971$15,971
IX-11c Accounting feesManagement $47,140$47,140
IX-11g Other fees for servicesPrograms $826,611 · Management $13,976$840,587
IX-12 Advertising and promotionPrograms $14,233 · Management $180$14,413
IX-13 Office expensesPrograms $87,662 · Management $34,662$122,324
IX-14 Information technologyPrograms $86,915 · Management $3,939$90,854
IX-16 OccupancyPrograms $354,252 · Management $34,647$388,899
IX-17 TravelManagement $22,894$22,894
IX-20 InterestPrograms $1,404,756$1,404,756
IX-22 Depreciation, depletion and amortizationPrograms $890,414 · Management $13,545$903,959
IX-23 InsuranceManagement $92,704$92,704
IX-24 Other expenses (24a–d)Programs $286,147 · Management $83,103$369,250
IX-24e All other expensesPrograms $4,974$4,974
IX-25 Total functional expensesPrograms $8,540,578 · Management $994,189 · Fundraising $0$9,534,767
Part X · Balance sheet $27,948,174 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $1,128,664$975,796
X-2 Savings and temporary cash investmentsStart of year $12,450,154$13,936,783
X-4 Accounts receivableStart of year $495,671$505,739
X-9 Prepaid expenses and deferred chargesStart of year $293,749$69,076
X-10c Land, buildings and equipment, netStart of year $12,104,893$12,438,828
X-12 Other securitiesStart of year $30,891$21,952
X-16 Total assetsStart of year $26,504,022$27,948,174
X-17 Accounts payable and accrued expensesStart of year $386,481$1,021,900
X-19 Deferred revenueStart of year $2,340,561$2,092,825
X-20 Tax-exempt bond liabilitiesStart of year $23,960,522$23,554,499
X-24 Unsecured notes and loans payableStart of year $0$926,900
X-25 Other liabilitiesStart of year $354,100$348,219
X-26 Total liabilitiesStart of year $27,041,664$27,944,343
X-27 Net assets without donor restrictionsStart of year −$559,037−$12,214
X-28 Net assets with donor restrictionsStart of year $21,395$16,045
X-32 Total net assets or fund balancesStart of year −$537,642$3,831
X-33 Total liabilities and net assetsStart of year $26,504,022$27,948,174
Part XI · Reconciliation of net assets $3,831 net assets at year end
XI-1 Total revenue$10,002,410
XI-2 Total expenses$9,534,767
XI-3 Revenue less expenses$467,643
XI-4 Net assets at start of year−$537,642
XI-5 Net unrealized gains (losses) on investments$73,830
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,831

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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