Avery Coonley School: Nonprofit Profile, Financials & Form 990 (EIN 36-2171680)

Revenue by fiscal year
FY2020	$10.0M
FY2021	$10.8M
FY2022	$10.2M
FY2023	$11.7M
FY2024	$12.1M
FY2025	$12.7M

Expenses by fiscal year
FY2020	$9.9M
FY2021	$10.7M
FY2022	$9.9M
FY2023	$11.2M
FY2024	$11.8M
FY2025	$12.7M

Net assets by fiscal year
FY2020	$13.4M
FY2021	$14.3M
FY2022	$13.5M
FY2023	$14.3M
FY2024	$14.9M
FY2025	$15.3M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1935.

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

Where the money goes

79 cents of each dollar spent went to programs.

79%

17%

Program services 79% · $10.0M Management & general 17% · $2.2M Fundraising 4% · $506K

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

24 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Kirsty Montgomery PHD

Head of Schhool

$307,381Pt VII · Sec A

Geraldine White

CFO

$161,700Pt VII · Sec A

Kenny Bae

Director of Innovation and Sustainabilty

$130,332Pt VII · Sec A

Lee Ann Lawlor

Director of Marketing & Communications

$119,864Pt VII · Sec A

Carolyn Johnson

Director of Development &

$107,012Pt VII · Sec A

Kristin Teague

Director of Enrollment & Financial Aid

$104,012Pt VII · Sec A

Kristin Sabel

School Nurse

$102,313Pt VII · Sec A

Susan Corwith

Trustee

$0Pt VII · Sec A

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

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Paul Druzinsky	—	—	$140,713	$334,922	$340,994	$276,332
Kirsty Montgomery PHD	$307,381	$306,320	$211,967	—	—	—
Peter Brown	—	$101,205	$168,650	$163,132	$163,714	$164,545
Geraldine White	$161,700	—	—	—	—	—
Kenny Bae	$130,332	—	—	—	—	—
Steven Bosco	—	—	—	$127,546	$129,373	$121,825
Rebecca Malotke-Meslin	—	—	—	$129,334	$122,088	$109,598
Lisa Wiltz	—	—	$109,137	$107,586	$106,254	$120,772

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.

See Avery Coonley School executive salaries →

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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

Challenges gifted learners to enhance intellect, curiosity, and creativity in a talented community.

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1 program · $10.0M · in their own filed words · FY2024

01

Avery Coonley School (ACS) is an elementary school (junior kindergarten through 8th grade) for gifted and academically advanced students. ACS has been kindling the minds of these learners for over 100 years.

$10.0Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid

Grants received · FY2024

Karin Bain and John Kukral FoundationFY2024$100K

Fidelity Investments Charitable Gift FundFY2024$26K

Vanguard Charitable Endowment ProgramFY2024$19K

The Chicago Community TrustFY2024$15K

National Philanthropic TrustFY2024$15K

Donor Advised Charitable Giving INCFY2024$12K

Steve & Amy Louis FoundationFY2024$5K

Aim High FoundationFY2024$2K

Total grants receivedfrom 11 funders$197K

See all 11 funders →

Grants paid · 6 grants · $5.3M · 2019–2024

Unitemized GrantFY2024$806,096

Unitemized GrantFY2023$883,518

Unitemized GrantFY2022$871,548

Unitemized GrantFY2021$845,605

Unitemized GrantFY2020$1,131,661

Unitemized GrantFY2019$790,347

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$12.7M

Ln 12

Fees for servicesLn 2g$11.3M

Gifts and grantsLn 1h$730K

Investment incomeLn 3$359K

Money outPt IX

$12.7M

Ln 25

Programscol B$10.0M

Managementcol C$2.2M

Fundraisingcol D$506K

Owns and owesPt X

$15.3M

net assets · Ln 32

Cash and savingsLn 1–2$3.8M

Total assetsLn 16$21.8M

LiabilitiesLn 26$6.5M

PeoplePt VI, VII

24

listed · VII A

PaidVII A7

Voting boardVI 1a17

IndependentVI 1b17

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$730K

Noncash giftsLn 1g$10K

Fundraising eventsLn 1c$155K

Fees for servicesLn 2g$11.3M

Investment incomeLn 3$359K

Other incomeLn 4–11$280K

Gains on assetsLn 7−$2K

Total revenueLn 12$12.7M

Assets in detailPt X, end of year

CashLn 1$41K

SavingsLn 2$3.7M

Cash and savings togetherLn 1–2$3.8M

InvestmentsLn 11–13$8.8M

Land, buildings, equipmentLn 10c$8.4M

Total assetsLn 16$21.8M

LiabilitiesLn 26$6.5M

Net assetsLn 32$15.3M

OperationsPt I, VI

EmployeesI 5176

VolunteersI 6362

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$2.5M	$3.8M
InvestmentsLn 11–13	$7.6M	$8.8M
Land, buildings, equipmentLn 10c	$9.0M	$8.4M
Total assetsLn 16	$19.6M	$21.8M
LiabilitiesLn 26	$4.7M	$6.5M
Net assetsLn 32	$14.9M	$15.3M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$806K	$806K
Pay of current officers, directors and key staffLn 5	$514K		$514K
Other salaries and wagesLn 7	$6.5M	$5.6M	$604K	$320K
Pension plan contributionsLn 8	$262K	$204K	$45K	$13K
Other employee benefitsLn 9	$735K	$573K	$126K	$36K
Payroll taxesLn 10	$497K	$391K	$83K	$24K
Legal feesLn 11b	$169K		$169K
Accounting feesLn 11c	$74K		$74K
Investment management feesLn 11f	$27K		$27K
Other fees for servicesLn 11g	$48K		$48K
Advertising and promotionLn 12	$120K	$42K	$77K
Office expensesLn 13	$63K	$38K	$25K
Information technologyLn 14	$205K	$164K	$37K	$4K
OccupancyLn 16	$212K	$159K	$49K	$4K
Conferences, conventions and meetingsLn 19	$13K	$8K	$5K	$259
InterestLn 20	$96K	$57K	$29K	$10K
Depreciation, depletion and amortizationLn 22	$909K	$791K	$109K	$9K
InsuranceLn 23	$138K	$120K	$17K	$1K
Other expenses (24a–d)Ln 24	$1.2M	$1.0M	$145K	$86K
Total functional expensesLn 25	$12.7M	$10.0M	$2.2M	$506K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$12.7M	$12.7M	$26K	$15.3M	990 PDF
FY2024	$12.1M	$11.8M	$323K	$14.9M	990 PDF
FY2023	$11.7M	$11.2M	$504K	$14.3M	990 PDF
FY2022	$10.2M	$9.9M	$271K	$13.5M	990 PDF
FY2021	$10.8M	$10.7M	$110K	$14.3M	990 PDF
FY2020	$10.0M	$9.9M	$82K	$13.4M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $12,682,230 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $918,905$729,548

I-9 Program service revenuePrior year $10,552,588$11,314,040

I-10 Investment incomePrior year $454,291$358,709

I-11 Other revenuePrior year $202,074$279,933

I-12 Total revenuePrior year $12,127,858$12,682,230

I-13 Grants and similar amounts paidPrior year $883,518$806,096

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $7,742,558$8,538,740

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $3,178,291$3,311,385

I-18 Total expensesPrior year $11,804,367$12,656,221

I-19 Revenue less expensesPrior year $323,491$26,009

Part VI · Governance 17 of 17 board members independent, no flags

VI-1a Voting members of the governing body17

VI-1b Independent voting members17

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 $12,682,230 across 11 lines filed

VIII-1c Fundraising events$154,641

VIII-1f All other contributions, gifts and grants$574,907

VIII-1g Noncash contributions (included above)$10,000

VIII-1h Total contributions, gifts and grants$729,548

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,314,040$11,314,040

VIII-3 Investment incomeExcluded from tax $360,425$360,425

VIII-6 Net rental income or lossExcluded from tax $85,668$85,668

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$1,716−$1,716

VIII-8 Net income from fundraising eventsExcluded from tax $67,409$67,409

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $126,856$126,856

VIII-12 Total revenueRelated to mission $11,440,896 · Unrelated business $0 · Excluded from tax $511,786$12,682,230

Part IX · Statement of functional expenses $12,656,221 across 19 lines filed

IX-2 Grants to domestic individualsPrograms $806,096$806,096

IX-5 Pay of current officers, directors and key staffManagement $513,934$513,934

IX-7 Other salaries and wagesPrograms $5,606,445 · Management $603,827 · Fundraising $320,294$6,530,566

IX-8 Pension plan contributionsPrograms $204,044 · Management $44,733 · Fundraising $12,818$261,595

IX-9 Other employee benefitsPrograms $573,425 · Management $125,712 · Fundraising $36,022$735,159

IX-10 Payroll taxesPrograms $391,222 · Management $82,596 · Fundraising $23,668$497,486

IX-11b Legal feesManagement $169,308$169,308

IX-11c Accounting feesManagement $74,038$74,038

IX-11f Investment management feesManagement $26,755$26,755

IX-11g Other fees for servicesManagement $47,627$47,627

IX-12 Advertising and promotionPrograms $42,304 · Management $77,294$119,598

IX-13 Office expensesPrograms $37,603 · Management $25,067$62,670

IX-14 Information technologyPrograms $163,688 · Management $36,830 · Fundraising $4,093$204,611

IX-16 OccupancyPrograms $158,841 · Management $49,154 · Fundraising $3,679$211,674

IX-19 Conferences, conventions and meetingsPrograms $7,784 · Management $4,930 · Fundraising $259$12,973

IX-20 InterestPrograms $57,369 · Management $28,684 · Fundraising $9,561$95,614

IX-22 Depreciation, depletion and amortizationPrograms $790,554 · Management $109,042 · Fundraising $9,087$908,683

IX-23 InsurancePrograms $120,475 · Management $16,617 · Fundraising $1,385$138,477

IX-24 Other expenses (24a–d)Programs $1,009,041 · Management $144,774 · Fundraising $85,542$1,239,357

IX-25 Total functional expensesPrograms $9,968,891 · Management $2,180,922 · Fundraising $506,408$12,656,221

Part X · Balance sheet $21,822,770 assets, 16 lines filed

X-1 Cash, non-interest-bearingStart of year $33,698$41,416

X-2 Savings and temporary cash investmentsStart of year $2,419,167$3,721,937

X-3 Pledges and grants receivableStart of year $385,663$466,366

X-9 Prepaid expenses and deferred chargesStart of year $174,249$377,996

X-10c Land, buildings and equipment, netStart of year $9,006,580$8,390,704

X-11 Publicly traded securitiesStart of year $7,571,407$8,824,351

X-16 Total assetsStart of year $19,590,764$21,822,770

X-17 Accounts payable and accrued expensesStart of year $940,559$895,064

X-19 Deferred revenueStart of year $2,048,442$3,936,573

X-20 Tax-exempt bond liabilitiesStart of year $1,405,871$1,304,261

X-25 Other liabilitiesStart of year $337,330$355,549

X-26 Total liabilitiesStart of year $4,732,202$6,491,447

X-27 Net assets without donor restrictionsStart of year $11,760,845$12,033,767

X-28 Net assets with donor restrictionsStart of year $3,097,717$3,297,556

X-32 Total net assets or fund balancesStart of year $14,858,562$15,331,323

X-33 Total liabilities and net assetsStart of year $19,590,764$21,822,770

Part XI · Reconciliation of net assets $15,331,323 net assets at year end

XI-1 Total revenue$12,682,230

XI-2 Total expenses$12,656,221

XI-3 Revenue less expenses$26,009

XI-4 Net assets at start of year$14,858,562

XI-5 Net unrealized gains (losses) on investments$446,752

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$15,331,323

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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