philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

St Sava Academy FY2023 filing

Tax-deductible

Chicago, IL501(c)(3)Education EIN 26-1240339Revenue $1.2M in FY2023

On file with the IRSstsavaacademy.org5650 N Canfield Ave, 60631-3318 · Chicago, ILTax-exempt since Mar 2011School — 170(b)(1)(A)(ii)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

St. Sava Academy is a private pre-school through eighth-grade elementary school. The mission of St. Sava Academy is to provide its students with a challenging and innovative education program that will guide them through life as respectful, resourceful, and active participants in our society.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$62K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
5 of 6
filings with a surplus
Average surplus $190K a year · 16% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$62K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $360K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+9% vs prior year
Spent
$1.1M
To programs
89%
Net assets
$716K
By yearFY2020–FY2025
Revenue
$1.2M
FY2023▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$700K
FY2021$800K
FY2022$1.1M
FY2023$1.2M
FY2024$1.2M
FY2025$2.2M
Expenses
$1.1M
FY2023▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$617K
FY2021$678K
FY2022$933K
FY2023$1.1M
FY2024$1.2M
FY2025$1.5M
Net assets
$716K
FY2023▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2020$172K
FY2021$297K
FY2022$588K
FY2023$716K
FY2024$675K
FY2025$1.6M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2010-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Mar 2011.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $980K Management & general 7% · $81K Fundraising 4% · $43K

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

Something off? Claim to add context

Who runs it and what they're paid

9 people listed on the 990; $62K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Dragan Arsic
Principal
$61,800Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Dragan Arsic’s $62K as Principal is at the 10th percentile of top reported officer pay among 3395 $1–10M 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.

See St Sava Academy executive salaries →

On this list? Claim this org

Something off? Claim to add context

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 15aNo

Programs and updates

Educates children from preschool through eighth grade, fostering respectful and resourceful citizens.

Questions for St Sava Academy

Tap to ask. St Sava Academy sees how many people are interested.

Your first name shows with your question. St Sava Academy answers here, for everyone.

Provided by the organization

Know this org? Add your story

2 programs · $980K · in their own filed words · FY2022
01

Parochial school education with grades from pre-school to eighth.

$972Kprogram expense
02

ST. Sava academy provided additional extracurricular activities and educational opportunities for further student development outside of the regular school hours.

$8Kprogram 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 · FY2024
Donor Advised Charitable Giving INCFY2024$360K
Total grants receivedfrom 1 funder$360K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$1.1M
Other incomeLn 4–11$98K
Gifts and grantsLn 1h$34K
Money outPt IX
$1.1M
Ln 25
Programscol B$980K
Managementcol C$81K
Fundraisingcol D$43K
Owns and owesPt X
$716K
net assets · Ln 32
Cash and savingsLn 1–2$593K
Total assetsLn 16$722K
LiabilitiesLn 26$7K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$34K
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$9
Other incomeLn 4–11$98K
Gains on assetsLn 7−$4K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$495K
SavingsLn 2$98K
Cash and savings togetherLn 1–2$593K
Land, buildings, equipmentLn 10c$6K
Total assetsLn 16$722K
LiabilitiesLn 26$7K
Net assetsLn 32$716K
OperationsPt I, VI
EmployeesI 525
VolunteersI 620
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$544K$593K
Land, buildings, equipmentLn 10c$12K$6K
Total assetsLn 16$609K$722K
LiabilitiesLn 26$21K$7K
Net assetsLn 32$588K$716K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$721K$659K$62K
Other employee benefitsLn 9$17K$17K
Payroll taxesLn 10$61K$61K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$95K$52K$43K
Office expensesLn 13$14K$14K
OccupancyLn 16$76K$76K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$106K$106K
All other expensesLn 24e$900$900
Total functional expensesLn 25$1.1M$980K$81K$43K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.2M$1.5M$656K$1.6M 990 PDF
FY2024 $1.2M$1.2M−$40K$675K 990 PDF
FY2023 Viewing $1.2M$1.1M$128K$716K 990 PDF
FY2022 $1.1M$933K$193K$588K 990 PDF
FY2021 $800K$678K$122K$297K 990 PDF
FY2020 $700K$617K$83K$172K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $1,232,228 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $13,964$34,230
I-9 Program service revenuePrior year $878,556$1,100,137
I-10 Investment incomePrior year $12−$3,607
I-11 Other revenuePrior year $232,957$101,468
I-12 Total revenuePrior year $1,125,489$1,232,228
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $741,965$799,180
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $190,816$305,107
I-18 Total expensesPrior year $932,781$1,104,287
I-19 Revenue less expensesPrior year $192,708$127,941
Part VI · Governance 8 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,232,228 across 8 lines filed
VIII-1f All other contributions, gifts and grants$34,230
VIII-1h Total contributions, gifts and grants$34,230
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,100,137$1,100,137
VIII-3 Investment incomeExcluded from tax $9$9
VIII-7 Net gain or loss on sales of assetsRelated to mission −$3,616−$3,616
VIII-8 Net income from fundraising eventsExcluded from tax $64,343$64,343
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $37,125$37,125
VIII-12 Total revenueRelated to mission $1,133,646 · Excluded from tax $64,352$1,232,228
Part IX · Statement of functional expenses $1,104,287 across 11 lines filed
IX-7 Other salaries and wagesPrograms $658,922 · Management $61,800$720,722
IX-9 Other employee benefitsPrograms $17,288$17,288
IX-10 Payroll taxesPrograms $61,170$61,170
IX-11c Accounting feesManagement $5,800$5,800
IX-11g Other fees for servicesPrograms $51,840 · Fundraising $42,859$94,699
IX-13 Office expensesManagement $13,565$13,565
IX-16 OccupancyPrograms $76,166$76,166
IX-22 Depreciation, depletion and amortizationPrograms $1,919$1,919
IX-23 InsurancePrograms $6,234$6,234
IX-24 Other expenses (24a–d)Programs $105,824$105,824
IX-24e All other expensesPrograms $900$900
IX-25 Total functional expensesPrograms $980,263 · Management $81,165 · Fundraising $42,859$1,104,287
Part X · Balance sheet $722,286 assets, 9 lines filed
Asset lines not itemized here account for $12,150; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $446,592$495,173
X-2 Savings and temporary cash investmentsStart of year $97,779$97,788
X-4 Accounts receivableStart of year $52,588$110,916
X-10c Land, buildings and equipment, netStart of year $11,794$6,259
X-16 Total assetsStart of year $608,753$722,286
X-17 Accounts payable and accrued expensesStart of year $20,756$6,650
X-26 Total liabilitiesStart of year $20,756$6,650
X-32 Total net assets or fund balancesStart of year $587,997$715,636
X-33 Total liabilities and net assetsStart of year $608,753$722,286
Part XI · Reconciliation of net assets $715,636 net assets at year end
XI-1 Total revenue$1,232,228
XI-2 Total expenses$1,104,287
XI-3 Revenue less expenses$127,941
XI-4 Net assets at start of year$587,997
XI-8 Prior period adjustments−$302
XI-10 Net assets at end of year$715,636

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.