Frazier Academy Design Team INC

Chicago, ILUnknown exempt organizationEIN 20-5471007

Providing educational and community opportunities for youths in pre-k through 8th grade

64¢ of each $1 spent went to programs.
Run by 8 volunteers and 37 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.1M
Spent
$3.7M
To programs
64%
Net assets
$0

From the FY2020 Form 990 (year ending June 2020) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2020.

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

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $2.4M Management & general 36% · $1.3M

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Board President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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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

Offers educational and community programs for children in pre-K through 8th grade.

Provided by the organization

This section is blank until Frazier Academy Design Team INC claims this page.

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1 program service account for $2.4M of program spending, described in the organization's own filed words · FY2019.
01

The school is based upon the paragon curriculum, which is an arts infused model, with the mission of grooming its elementary students into self-motivated life learners. To ensure that all students achieve cross-curricular academic success, methods of instruction include multiple assessments, technology-infused learning, multicultural…

$2.4Mprogram expense

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By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.1M
Ln 12
Gifts and grantsLn 1h$3.0M
Other incomeLn 4–11$120K
Investment incomeLn 3$785
Money outPt IX
$3.7M
Ln 25
Programscol B$2.4M
Managementcol C$1.3M
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.0M
Government grantsLn 1e$3.0M
Investment incomeLn 3$785
Other incomeLn 4–11$120K
Gains on assetsLn 7−$19K
Total revenueLn 12$3.1M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 537
VolunteersI 68
Fiscal year endsHeaderJune
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$720K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$39K$0
Total assetsLn 16$1.0M$0
LiabilitiesLn 26$459K$0
Net assetsLn 32$546K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.9M$1.5M$416K
Pension plan contributionsLn 8$130K$130K
Other employee benefitsLn 9$210K$169K$41K
Payroll taxesLn 10$97K$71K$27K
Legal feesLn 11b$43K$43K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$241K$67K$174K
Advertising and promotionLn 12$14K$14K
Office expensesLn 13$117K$18K$99K
OccupancyLn 16$226K$203K$23K
TravelLn 17$18K$18K
Depreciation, depletion and amortizationLn 22$20K$18K$2K
InsuranceLn 23$27K$24K$3K
Other expenses (24a–d)Ln 24$546K$137K$410K
All other expensesLn 24e$42K$5K$38K
Total functional expensesLn 25$3.7M$2.4M$1.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $3.1M$3.7M−$546K$0 990 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 (4 parts)
Part VIII · Statement of revenue $3,133,368 across 6 lines filed
VIII-1e Government grants$3,013,055
VIII-1h Total contributions, gifts and grants$3,013,055
VIII-3 Investment incomeExcluded from tax $785$785
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$19,357−$19,357
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $138,885$138,885
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $120,313$3,133,368
Part IX · Statement of functional expenses $3,678,963 across 15 lines filed
IX-7 Other salaries and wagesPrograms $1,529,059 · Management $415,788$1,944,847
IX-8 Pension plan contributionsPrograms $130,353$130,353
IX-9 Other employee benefitsPrograms $169,050 · Management $40,592$209,642
IX-10 Payroll taxesPrograms $70,547 · Management $26,550$97,097
IX-11b Legal feesManagement $42,557$42,557
IX-11c Accounting feesManagement $2,750$2,750
IX-11g Other fees for servicesPrograms $66,995 · Management $173,663$240,658
IX-12 Advertising and promotionManagement $14,323$14,323
IX-13 Office expensesPrograms $17,673 · Management $99,375$117,048
IX-16 OccupancyPrograms $203,282 · Management $22,587$225,869
IX-17 TravelManagement $18,460$18,460
IX-22 Depreciation, depletion and amortizationPrograms $17,812 · Management $1,979$19,791
IX-23 InsurancePrograms $24,166 · Management $2,685$26,851
IX-24 Other expenses (24a–d)Programs $136,928 · Management $409,569$546,497
IX-24e All other expensesPrograms $4,647 · Management $37,573$42,220
IX-25 Total functional expensesPrograms $2,370,512 · Management $1,308,451 · Fundraising $0$3,678,963
Part X · Balance sheet $0 assets, 17 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $719,627$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $241,648$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $4,391$0
X-10c Land, buildings and equipment, netStart of year $39,148$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $1,004,814$0
X-26 Total liabilitiesStart of year $459,219$0
X-27 Net assets without donor restrictionsStart of year $545,595$0
X-32 Total net assets or fund balancesStart of year $545,595$0
X-33 Total liabilities and net assetsStart of year $1,004,814$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$3,133,368
XI-2 Total expenses$3,678,963
XI-3 Revenue less expenses−$545,595
XI-4 Net assets at start of year$545,595
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

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

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