Avery Coonley School FY2024 filing

Tax-deductible

Downers Grove, IL501(c)(3)Since 1951EIN 36-2171680

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The Avery Coonley School elevates high-achieving and gifted learners through immersion in a mutually talented community where intellect, curiosity, and creativity are enhanced by optimal challenge.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$517K 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

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
5 of 5
filings with a surplus
Average surplus $258K a year · 2% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$517K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $197K
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$4.7M
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.1M
+4% vs prior year
Spent
$11.8M
To programs
82%
Net assets
$14.9M
By yearFY2020–FY2024
Revenue
$12.1M
FY2024▲ +4%
Revenue by fiscal year
FY2020$10.0M
FY2021$10.8M
FY2022$10.2M
FY2023$11.7M
FY2024$12.1M
FY2024$12.7M
Expenses
$11.8M
FY2024▲ +6%
Expenses by fiscal year
FY2020$9.9M
FY2021$10.7M
FY2022$9.9M
FY2023$11.2M
FY2024$11.8M
FY2024$12.7M
Net assets
$14.9M
FY2024▲ +4%
Net assets by fiscal year
FY2020$13.4M
FY2021$14.3M
FY2022$13.5M
FY2023$14.3M
FY2024$14.9M
FY2024$15.3M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1935.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $9.7M Management & general 15% · $1.7M Fundraising 3% · $337K

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

20 people listed on the 990; $517K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Head of Schhool
$306,320Pt VII · Sec A
Director of Development &
$109,126Pt VII · Sec A
CFO (replaced 7/23)
$101,205Pt VII · Sec A
Trustee-Asst Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee-Vice-Chair
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A

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

NameFY2024FY2024FY2023FY2022FY2021FY2020
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.

Provided by the organization

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1 program · $9.7M · in their own filed words · FY2023
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.

$9.7Mprogram 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
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 FY2024 990, line by line.

1The main four
Money inPt VIII
$12.1M
Ln 12
Fees for servicesLn 2g$10.6M
Gifts and grantsLn 1h$919K
Investment incomeLn 3$454K
Money outPt IX
$11.8M
Ln 25
Programscol B$9.7M
Managementcol C$1.7M
Fundraisingcol D$337K
Owns and owesPt X
$14.9M
net assets · Ln 32
Cash and savingsLn 1–2$2.5M
Total assetsLn 16$19.6M
LiabilitiesLn 26$4.7M
PeoplePt VI, VII
20
listed · VII A
PaidVII A3
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$919K
Noncash giftsLn 1g$49K
Fundraising eventsLn 1c$91K
Fees for servicesLn 2g$10.6M
Investment incomeLn 3$454K
Other incomeLn 4–11$202K
Gains on assetsLn 7$112K
Total revenueLn 12$12.1M
Assets in detailPt X, end of year
CashLn 1$34K
SavingsLn 2$2.4M
Cash and savings togetherLn 1–2$2.5M
InvestmentsLn 11–13$7.6M
Land, buildings, equipmentLn 10c$9.0M
Total assetsLn 16$19.6M
LiabilitiesLn 26$4.7M
Net assetsLn 32$14.9M
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
LineStart FY24End FY24
Cash and savingsLn 1–2$788K$2.5M
InvestmentsLn 11–13$9.4M$7.6M
Land, buildings, equipmentLn 10c$9.4M$9.0M
Total assetsLn 16$20.1M$19.6M
LiabilitiesLn 26$5.8M$4.7M
Net assetsLn 32$14.3M$14.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$884K$884K
Pay of current officers, directors and key staffLn 5$300K$300K
Other salaries and wagesLn 7$6.1M$5.4M$530K$192K
Pension plan contributionsLn 8$236K$198K$31K$7K
Other employee benefitsLn 9$674K$566K$88K$20K
Payroll taxesLn 10$443K$373K$58K$13K
Legal feesLn 11b$48K$48K
Accounting feesLn 11c$86K$86K
Investment management feesLn 11f$23K$23K
Other fees for servicesLn 11g$19K$19K
Advertising and promotionLn 12$106K$51K$55K
Office expensesLn 13$97K$63K$35K
Information technologyLn 14$222K$175K$42K$5K
OccupancyLn 16$203K$143K$56K$4K
Conferences, conventions and meetingsLn 19$10K$6K$4K$210
InterestLn 20$112K$67K$34K$11K
Depreciation, depletion and amortizationLn 22$849K$739K$102K$8K
InsuranceLn 23$128K$112K$15K$1K
Other expenses (24a–d)Ln 24$1.3M$991K$209K$74K
Total functional expensesLn 25$11.8M$9.7M$1.7M$337K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $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 I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $12,127,858 across 11 lines filed
VIII-1c Fundraising events$91,000
VIII-1f All other contributions, gifts and grants$827,905
VIII-1g Noncash contributions (included above)$49,390
VIII-1h Total contributions, gifts and grants$918,905
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,552,588$10,552,588
VIII-3 Investment incomeExcluded from tax $342,086$342,086
VIII-6 Net rental income or lossExcluded from tax $40,752$40,752
VIII-7 Net gain or loss on sales of assetsExcluded from tax $112,205$112,205
VIII-8 Net income from fundraising eventsExcluded from tax $156,246$156,246
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,076$5,076
VIII-12 Total revenueRelated to mission $10,557,664 · Unrelated business $0 · Excluded from tax $651,289$12,127,858
Part IX · Statement of functional expenses $11,804,367 across 19 lines filed
IX-2 Grants to domestic individualsPrograms $883,518$883,518
IX-5 Pay of current officers, directors and key staffManagement $300,272$300,272
IX-7 Other salaries and wagesPrograms $5,367,375 · Management $530,395 · Fundraising $191,692$6,089,462
IX-8 Pension plan contributionsPrograms $197,851 · Management $30,620 · Fundraising $7,066$235,537
IX-9 Other employee benefitsPrograms $566,017 · Management $87,597 · Fundraising $20,215$673,829
IX-10 Payroll taxesPrograms $372,506 · Management $57,649 · Fundraising $13,303$443,458
IX-11b Legal feesManagement $47,995$47,995
IX-11c Accounting feesManagement $86,245$86,245
IX-11f Investment management feesManagement $22,601$22,601
IX-11g Other fees for servicesManagement $18,553$18,553
IX-12 Advertising and promotionPrograms $50,516 · Management $55,460$105,976
IX-13 Office expensesPrograms $62,729 · Management $34,607$97,336
IX-14 Information technologyPrograms $174,725 · Management $41,997 · Fundraising $5,311$222,033
IX-16 OccupancyPrograms $142,894 · Management $56,051 · Fundraising $4,115$203,060
IX-19 Conferences, conventions and meetingsPrograms $6,298 · Management $3,988 · Fundraising $210$10,496
IX-20 InterestPrograms $67,477 · Management $33,739 · Fundraising $11,246$112,462
IX-22 Depreciation, depletion and amortizationPrograms $738,994 · Management $101,930 · Fundraising $8,494$849,418
IX-23 InsurancePrograms $111,534 · Management $15,384 · Fundraising $1,282$128,200
IX-24 Other expenses (24a–d)Programs $991,447 · Management $208,793 · Fundraising $73,676$1,273,916
IX-25 Total functional expensesPrograms $9,733,881 · Management $1,733,876 · Fundraising $336,610$11,804,367
Part X · Balance sheet $19,590,764 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $230,910$33,698
X-2 Savings and temporary cash investmentsStart of year $556,865$2,419,167
X-3 Pledges and grants receivableStart of year $375,070$385,663
X-9 Prepaid expenses and deferred chargesStart of year $66,678$174,249
X-10c Land, buildings and equipment, netStart of year $9,419,544$9,006,580
X-11 Publicly traded securitiesStart of year $9,367,752$7,571,407
X-16 Total assetsStart of year $20,088,819$19,590,764
X-17 Accounts payable and accrued expensesStart of year $770,947$940,559
X-19 Deferred revenueStart of year $1,380,913$2,048,442
X-20 Tax-exempt bond liabilitiesStart of year $3,434,819$1,405,871
X-25 Other liabilitiesStart of year $184,700$337,330
X-26 Total liabilitiesStart of year $5,771,379$4,732,202
X-27 Net assets without donor restrictionsStart of year $11,474,748$11,760,845
X-28 Net assets with donor restrictionsStart of year $2,842,692$3,097,717
X-32 Total net assets or fund balancesStart of year $14,317,440$14,858,562
X-33 Total liabilities and net assetsStart of year $20,088,819$19,590,764
Part XI · Reconciliation of net assets $14,858,562 net assets at year end
XI-1 Total revenue$12,127,858
XI-2 Total expenses$11,804,367
XI-3 Revenue less expenses$323,491
XI-4 Net assets at start of year$14,317,440
XI-5 Net unrealized gains (losses) on investments$217,631
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$14,858,562

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

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