The Bancroft School FY2022 filing

Tax-deductible

Elgin, IL501(c)(3)Since 2000Medical ResearchEIN 36-4406348Revenue $2.8M in FY2022

On file with the IRSwkschool.org1500 Executive Dr, 60123-9311 · Elgin, ILTax-exempt since Apr 2001Publicly supported charity — 170(b)(1)(A)(vi)

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Provides services for children with autism spectrum disorder, pdd-nos, emotional/behavioral disorders, specific learning disabilities, developmental disabilities and other health impairments. Additionally, serve the parents of students through educational programs.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$318K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · 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
1 of 4
filings with a surplus
Average deficit $88K a year · 3% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$318K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$101K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.8M
-16% vs prior year
Spent
$2.8M
To programs
84%
Net assets
$624K
By yearFY2021–FY2024
Revenue
$2.8M
FY2022▼ -16%
Tap a bar for its year
Revenue by fiscal year
FY2021$3.3M
FY2022$2.8M
FY2023$3.3M
FY2024$3.1M
FY2024$3.4M
Expenses
$2.8M
FY2022▼ -14%
Tap a bar for its year
Expenses by fiscal year
FY2021$3.3M
FY2022$2.8M
FY2023$3.4M
FY2024$3.3M
FY2024$3.7M
Net assets
$624K
FY2022▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2021$686K
FY2022$624K
FY2023$488K
FY2024$305K
FY2024$58K

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 Apr 2001.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $2.4M Management & general 16% · $449K

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

7 people listed on the 990; $318K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President, CEO & Secretary
$212,472Pt VII · Sec A
Chief Operating Officer
$105,412Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Val Belmonte’s $140K as Secretary and Senior Advisor is at the 34th percentile of top reported officer pay among 360 $1–10M medical research 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 · 6 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Val Belmonte$139,739$187,232$203,722$212,472$214,093
Brian Ozog—$153,029$106,413$105,412—
Michael Belmonte$125,440$100,325———
Ana Martinez—$106,668———
Mariah Madson$106,606————
Leo Cascio————$85,379

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 The Bancroft 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

Supports children with developmental and learning disabilities and educates their parents.

Provided by the organization

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1 program · $2.4M · in their own filed words · FY2021
01

Provide research demonstrating the effectiveness of applied behavior analysis in the treatment of children with autism or PDD through a comprehensive educational program that develops skills critical to developmental and educational growth and that provides these children the opportunity to be mainstream.

$2.4Mprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.8M
Ln 12
Fees for servicesLn 2g$2.7M
Gifts and grantsLn 1h$950
Other incomeLn 4–11$730
Money outPt IX
$2.8M
Ln 25
Programscol B$2.4M
Managementcol C$449K
Owns and owesPt X
$624K
net assets · Ln 32
Cash and savingsLn 1–2$415K
Total assetsLn 16$725K
LiabilitiesLn 26$101K
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$950
Fees for servicesLn 2g$2.7M
Investment incomeLn 3$43
Other incomeLn 4–11$730
Total revenueLn 12$2.8M
Assets in detailPt X, end of year
CashLn 1$200K
SavingsLn 2$215K
Cash and savings togetherLn 1–2$415K
Land, buildings, equipmentLn 10c$21K
Total assetsLn 16$725K
LiabilitiesLn 26$101K
Net assetsLn 32$624K
OperationsPt I, VI
EmployeesI 555
VolunteersI 612
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$518K$415K
Land, buildings, equipmentLn 10c$25K$21K
Total assetsLn 16$892K$725K
LiabilitiesLn 26$206K$101K
Net assetsLn 32$686K$624K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$221K$110K$110K
Other salaries and wagesLn 7$1.5M$1.3M$159K
Other employee benefitsLn 9$137K$125K$12K
Payroll taxesLn 10$130K$110K$20K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$31K$31K
Other fees for servicesLn 11g$145K$128K$17K
Office expensesLn 13$55K$47K$9K
Information technologyLn 14$8K$8K
OccupancyLn 16$490K$414K$75K
TravelLn 17$908$908
Conferences, conventions and meetingsLn 19$7K$5K$3K
InterestLn 20$70$55$15
Depreciation, depletion and amortizationLn 22$7K$6K$1K
InsuranceLn 23$41K$34K$6K
Other expenses (24a–d)Ln 24$45K$44K$2K
Total functional expensesLn 25$2.8M$2.4M$449K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $3.1M$3.3M−$182K$305K 990 PDF
FY2023 $3.3M$3.4M−$136K$488K 990 PDF
FY2022 Viewing $2.8M$2.8M−$62K$624K 990 PDF
FY2021 $3.3M$3.3M$30K$686K 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 FY2022 990 (6 parts)
Part I · Summary $2,751,627 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$950
I-9 Program service revenuePrior year $3,282,331$2,749,904
I-10 Investment incomePrior year $48$43
I-11 Other revenuePrior year $222$730
I-12 Total revenuePrior year $3,282,601$2,751,627
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 $2,341,584$1,979,547
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $910,865$833,742
I-18 Total expensesPrior year $3,252,449$2,813,289
I-19 Revenue less expensesPrior year $30,152−$61,662
Part VI · Governance 5 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,751,627 across 6 lines filed
VIII-1f All other contributions, gifts and grants$950
VIII-1h Total contributions, gifts and grants$950
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,749,904$2,749,904
VIII-3 Investment incomeExcluded from tax $43$43
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $730$730
VIII-12 Total revenueRelated to mission $2,750,634 · Unrelated business $0 · Excluded from tax $43$2,751,627
Part IX · Statement of functional expenses $2,813,289 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $110,370 · Management $110,370$220,740
IX-7 Other salaries and wagesPrograms $1,332,005 · Management $159,167$1,491,172
IX-9 Other employee benefitsPrograms $124,742 · Management $12,474$137,216
IX-10 Payroll taxesPrograms $110,399 · Management $20,020$130,419
IX-11b Legal feesManagement $3,190$3,190
IX-11c Accounting feesManagement $31,262$31,262
IX-11g Other fees for servicesPrograms $127,780 · Management $17,400$145,180
IX-13 Office expensesPrograms $46,764 · Management $8,622$55,386
IX-14 Information technologyPrograms $8,291$8,291
IX-16 OccupancyPrograms $414,445 · Management $75,155$489,600
IX-17 TravelPrograms $908$908
IX-19 Conferences, conventions and meetingsPrograms $4,628 · Management $2,611$7,239
IX-20 InterestPrograms $55 · Management $15$70
IX-22 Depreciation, depletion and amortizationPrograms $5,619 · Management $1,019$6,638
IX-23 InsurancePrograms $34,348 · Management $6,229$40,577
IX-24 Other expenses (24a–d)Programs $43,872 · Management $1,529$45,401
IX-25 Total functional expensesPrograms $2,364,226 · Management $449,063 · Fundraising $0$2,813,289
Part X · Balance sheet $724,685 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $300,120$200,164
X-2 Savings and temporary cash investmentsStart of year $218,266$215,279
X-4 Accounts receivableStart of year $280,131$228,620
X-9 Prepaid expenses and deferred chargesStart of year $67,577$59,619
X-10c Land, buildings and equipment, netStart of year $25,408$21,003
X-16 Total assetsStart of year $891,502$724,685
X-17 Accounts payable and accrued expensesStart of year $205,971$100,816
X-26 Total liabilitiesStart of year $205,971$100,816
X-27 Net assets without donor restrictionsStart of year $685,531$623,869
X-32 Total net assets or fund balancesStart of year $685,531$623,869
X-33 Total liabilities and net assetsStart of year $891,502$724,685
Part XI · Reconciliation of net assets $623,869 net assets at year end
XI-1 Total revenue$2,751,627
XI-2 Total expenses$2,813,289
XI-3 Revenue less expenses−$61,662
XI-4 Net assets at start of year$685,531
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$623,869

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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