Wheaton Academy FY2022 filing
Operates an accredited high school. For fiscal year 2022 it reported $25.3M in revenue, $19.2M in expenses, and $32.5M in net assets.Pt I
- Founded
- 1958
- Type
- Public charity (501(c)(3)) · Education
- Location
- West Chicago, IL
- Website
- www.wheatonacademy.org
- Filings
- 5 on file (2020–2022)
More identity details & actions ⌄
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Summary of the Filing
Where the work happens
Operation of accredited high school with an enrollment of approximately 584 students.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Steven Bult’s $252K as Head of School / Trustee is at the 53rd percentile of top reported officer pay among 3682 $10–100M 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 · 8 named individuals · Part VII
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Steven Bult | $251,730 | — | — | — | — | — |
| Steven Bult | — | $218,052 | $218,529 | $200,026 | $186,279 | $181,085 |
| Steve Karlson | $186,442 | — | — | — | — | — |
| Dr Eugene Frost | — | $68,832 | $71,808 | $72,409 | $137,239 | $185,143 |
| Steve Karlson | — | $175,194 | $167,554 | $162,384 | $153,725 | $154,209 |
| Phil Strzalka | $162,192 | — | — | — | — | — |
| Phil Strzalka | — | $153,803 | $149,285 | $95,474 | — | — |
| Kori Hockett | $152,330 | — | — | — | — | — |
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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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 62% | — | — |
| Overhead ratio | 35% | — | — |
| Fundraising cost ratio | 6% | — | — |
| Revenue growth | 33% | — | — |
| Legal fee ratio | 0.2% | — | — |
| Accounting fee ratio | 0.2% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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