Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2019.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
87 cents of each dollar spent went to programs.
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
9 people listed on the 990; $200K paid to officers and key staff.
Dr Greg Jones’s $304K as CEO - Chicago Academy is at the 66th percentile of top reported officer pay among 3683 $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 |
|---|---|---|---|---|
| Dr Greg Jones | $303,745 | $289,521 | $255,387 | $113,520 |
| Iman Lindsay | $247,813 | — | — | — |
| Ted Christians | $237,683 | $222,930 | $196,674 | $86,905 |
| Latonia Arnold | $202,209 | $187,058 | — | — |
| Carmen Echevarria | — | $167,819 | — | — |
| Rodney Bly | $135,142 | $130,074 | $117,220 | — |
| Lindsey Schmitz | $123,930 | $117,941 | $104,987 | — |
| Zabrina Emilia Casanova | — | $119,220 | $102,112 | — |
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
Empowers young people from resilient communities to achieve their full potential.
Questions for The Academy Group
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The academy chicago (academy) works with families from 65+ schools across chicago, including neighborhood, magnet, charter, and selective institutions. 95% of the students we serve are black and brown and we will continue to expand our reach to support young people from chicago's most resilient communities.
The amplify chicago (amplify) program is a wealth-building pathway integrating career, leadership, and entrepreneurship for 20 to 26- year-old young men and women from underserved communities that have been disproportionately impacted by violence, criminal activity, economic disruption, and educational DISINVESTMENT.AMPLIFY'S holistic…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $286K | $2.5M |
| Land, buildings, equipmentLn 10c | $0 | $4K |
| Total assetsLn 16 | $286K | $2.9M |
| LiabilitiesLn 26 | $0 | $266K |
| Net assetsLn 32 | $286K | $2.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $753K | $753K | ||
| Pay of current officers, directors and key staffLn 5 | $491K | $491K | ||
| Other salaries and wagesLn 7 | $1.1M | $959K | $96K | $82K |
| Pension plan contributionsLn 8 | $41K | $37K | $4K | $399 |
| Other employee benefitsLn 9 | $149K | $126K | $13K | $9K |
| Payroll taxesLn 10 | $323K | $293K | $22K | $7K |
| Legal feesLn 11b | $12K | $12K | ||
| Accounting feesLn 11c | $41K | $41K | ||
| Other fees for servicesLn 11g | $208K | $208K | ||
| Office expensesLn 13 | $105K | $69K | $28K | $9K |
| Information technologyLn 14 | $209K | $70K | $138K | $203 |
| OccupancyLn 16 | $142K | $137K | $6K | |
| TravelLn 17 | $237K | $237K | ||
| Depreciation, depletion and amortizationLn 22 | $1K | $1K | ||
| InsuranceLn 23 | $55K | $55K | ||
| Other expenses (24a–d)Ln 24 | $270K | $270K | ||
| Total functional expensesLn 25 | $4.2M | $3.6M | $416K | $108K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $10.6M | $9.2M | $1.3M | $1.3M | 990 PDF |
| FY2023 | $4.2M | $6.8M | −$2.6M | $10K | 990 PDF |
| FY2022 Viewing | $6.5M | $4.2M | $2.3M | $2.6M | 990 PDF |
| FY2021 | Not on file | ||||
| FY2020 | $215K | $1K | $214K | $218K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $6,498,037 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, no flags
Part VIII · Statement of revenue $6,498,037 across 4 lines filed
Part IX · Statement of functional expenses $4,173,458 across 16 lines filed
Part X · Balance sheet $2,876,499 assets, 11 lines filed
Part XI · Reconciliation of net assets $2,610,606 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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