Kradwell School INC

Tax-deductible

Downers Grove, IL501(c)(3)EducationEIN 26-1516765Revenue $1.3M in FY2024

On file with the IRSkradwell.org3075 Highland Pkwy FL 6, 60515-5563 · Downers Grove, ILTax-exempt since Aug 2008School — 170(b)(1)(A)(ii)

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Kradwell School is dedicated to serving students who have experienced overwhelming difficulties in traditional School environments.

501(c)(3) charity; gifts are tax-deductible.
13¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $251K a year · 22% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
13%
of spending
Concern: 13% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Named funders
4
named funders · $343K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.7M
305% of total assets
Concern: liabilities are 305% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
-3% vs prior year
Spent
$1.5M
To programs
13%
Net assets
−$1.8M
By yearFY2020–FY2024
Revenue
$1.3M
FY2024▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.0M
FY2021$1.1M
FY2022$1.0M
FY2023$1.4M
FY2024$1.3M
Expenses
$1.5M
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.4M
FY2021$1.5M
FY2022$1.4M
FY2023$1.4M
FY2024$1.5M
Net assets
−$1.8M
FY2024▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020−$166K
FY2021−$1.3M
FY2022−$1.7M
FY2023−$1.7M
FY2024−$1.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2008.

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

Where the money goes

13 cents of each dollar spent went to programs.

Program services 13% · $185K Management & general 87% · $1.3M

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

17 people listed on the 990.

Part VII, Section A · reportable compensation
Director, Chairperson
$0Pt VII · Sec A
Director, Chairperson
$0Pt VII · Sec A
Director, President
$0Pt VII · Sec A
Director, Treasurer, Asst Treasurer
$0Pt VII · Sec A
Secretary, Assistant Secretary
$0Pt VII · Sec A
Assistant Secretary
$0Pt VII · Sec A
Assistant Treasurer
$0Pt VII · Sec A
Assistant Treasurer
$0Pt VII · Sec A

Mary Schulte’s $123K as School Director is at the 48th 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.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021
Mary Schulte$123,165$119,620$113,492

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

Helps students overcome challenges in traditional schooling.

Questions for Kradwell School INC

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Provided by the organization

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1 program · $185K · in their own filed words · FY2024
01

Kradwell school provides education for students with special educational needs. Kradwell's unique model of educational success is built upon the absolute acceptance of each individual student coupled with the deep belief that each student is capable and deserving of success.

$185Kprogram 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
Total grants receivedfrom 4 funders$343K
See all 4 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Fees for servicesLn 2g$927K
Gifts and grantsLn 1h$430K
Money outPt IX
$1.5M
Ln 25
Programscol B$185K
Managementcol C$1.3M
Owns and owesPt X
−$1.8M
net assets · Ln 32
Total assetsLn 16$875K
LiabilitiesLn 26$2.7M
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$430K
Fees for servicesLn 2g$927K
Gains on assetsLn 7−$29K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
Land, buildings, equipmentLn 10c$757K
Total assetsLn 16$875K
LiabilitiesLn 26$2.7M
Net assetsLn 32−$1.8M
OperationsPt I, VI
EmployeesI 516
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY24End FY24
Land, buildings, equipmentLn 10c$770K$757K
Total assetsLn 16$937K$875K
LiabilitiesLn 26$2.6M$2.7M
Net assetsLn 32−$1.7M−$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$132K$132K
Other salaries and wagesLn 7$745K−$132K$877K
Pension plan contributionsLn 8$25K$25K$207
Other employee benefitsLn 9$164K$157K$7K
Payroll taxesLn 10$64K$64K
Other fees for servicesLn 11g$69K$69K
Office expensesLn 13$18K$734$17K
Information technologyLn 14$21K$21K
TravelLn 17$4K$4K
Conferences, conventions and meetingsLn 19$812$812
Depreciation, depletion and amortizationLn 22$78K$78K
Other expenses (24a–d)Ln 24$134K$1K$133K
All other expensesLn 24e$2K$2K$54
Total functional expensesLn 25$1.5M$185K$1.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.3M$1.5M−$132K−$1.8M 990 PDF
FY2023 $1.4M$1.4M−$31K−$1.7M 990 PDF
FY2022 $1.0M$1.4M−$374K−$1.7M 990 PDF
FY2021 $1.1M$1.5M−$414K−$1.3M 990 PDF
FY2020 $1.0M$1.4M−$305K−$166K 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 FY2024 990 (6 parts)
Part I · Summary $1,327,014 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $335,044$429,500
I-9 Program service revenuePrior year $935,456$926,620
I-10 Investment incomePrior year $98,689−$29,106
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,369,189$1,327,014
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 $1,135,270$1,131,254
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $265,029$327,456
I-18 Total expensesPrior year $1,400,299$1,458,710
I-19 Revenue less expensesPrior year −$31,110−$131,696
Part VI · Governance 2 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members2
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 $1,327,014 across 6 lines filed
VIII-1d Related organizations$318,963
VIII-1f All other contributions, gifts and grants$110,537
VIII-1h Total contributions, gifts and grants$429,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $926,620$926,620
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$29,106−$29,106
VIII-12 Total revenueRelated to mission $926,620 · Unrelated business $0 · Excluded from tax −$29,106$1,327,014
Part IX · Statement of functional expenses $1,458,710 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $132,023$132,023
IX-7 Other salaries and wagesPrograms −$132,023 · Management $877,288$745,265
IX-8 Pension plan contributionsPrograms $24,891 · Management $207$25,098
IX-9 Other employee benefitsPrograms $157,073 · Management $7,353$164,426
IX-10 Payroll taxesManagement $64,442$64,442
IX-11g Other fees for servicesManagement $69,262$69,262
IX-13 Office expensesPrograms $734 · Management $17,460$18,194
IX-14 Information technologyManagement $21,494$21,494
IX-17 TravelManagement $4,084$4,084
IX-19 Conferences, conventions and meetingsManagement $812$812
IX-22 Depreciation, depletion and amortizationManagement $77,790$77,790
IX-24 Other expenses (24a–d)Programs $1,165 · Management $133,002$134,167
IX-24e All other expensesPrograms $1,599 · Management $54$1,653
IX-25 Total functional expensesPrograms $185,462 · Management $1,273,248 · Fundraising $0$1,458,710
Part X · Balance sheet $874,814 assets, 10 lines filed
X-4 Accounts receivableStart of year $109,148$117,839
X-9 Prepaid expenses and deferred chargesStart of year $58,228$0
X-10c Land, buildings and equipment, netStart of year $770,079$756,975
X-16 Total assetsStart of year $937,455$874,814
X-17 Accounts payable and accrued expensesStart of year $2,484,121$2,585,370
X-19 Deferred revenueStart of year $113,461$81,266
X-26 Total liabilitiesStart of year $2,597,582$2,666,636
X-27 Net assets without donor restrictionsStart of year −$1,660,127−$1,791,822
X-32 Total net assets or fund balancesStart of year −$1,660,127−$1,791,822
X-33 Total liabilities and net assetsStart of year $937,455$874,814
Part XI · Reconciliation of net assets −$1,791,822 net assets at year end
XI-1 Total revenue$1,327,014
XI-2 Total expenses$1,458,710
XI-3 Revenue less expenses−$131,696
XI-4 Net assets at start of year−$1,660,127
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$1,791,822

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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