2024-05-09T14:23:27-05:00 2023-06-30 MILLER COOPER & CO LTD 1751 Lake Cook Road Suite 400 Deerfield IL 60015 990 2022-07-01 800597509 Northridge Preparatory School Inc % PHIL KRUPOWICZ NORT 8473750600 8320 W Ballard Road Niles IL 60714 PHIL KRUPOWICZ Officer 8473750600 2023-11-15 true PHIL KRUPOWICZ 999009999 Steven R Glover P00253365 8472055000 2023-11-15 2 2022 2023-04-26 12:10:37Z PHIL KRUPOWICZ 8320 W BALLARD ROAD NILES IL 60714 7023629 false X WWW.NORTHRIDGEPREP.ORG X 2010 IL education, grades 6-12 8 8 101 85 0 1297251 507306 5368053 5307535 20859 83375 909814 1006351 7595977 6904567 0 0 0 0 4152650 4602686 0 0 190798 2021419 2055705 6174069 6658391 1421908 246176 7494947 8090384 1892086 2180600 5602861 5909784 NORTHRIDGE IS AN INDEPENDENT SCHOOL FOR YOUNG MEN IN GRADES 6-12. OUR MISSION IS TO PARTNER WITH PARENTS TO BUILD MEN OF INTELLECT AND CHARACTER WHO LOVE GOD. false false 5654186 5307535 Northridge Preparatory School is an independent school grades 6-12. Enrollment is approximately 339 students. 5654186 true true false false false false false false false false true false false true true true true false true false false false false false true false false false false true false false false false false false false false false false false false false false false false false true 56 0 true 101 true false false false false false true true false false false false false false X 8 8 false false false false false false false true true false false true true true true true true true true false IL X PHIL KRUPOWICZ 8473750600 8320 W BALLARD ROAD NILES IL 60714 NIALL FAGAN HEADMASTER 40.0 0.0 X 142430 0 8287 HUGO CHONG DIRECTOR OF BUSINESS OPERATION 40.0 0.0 X 117721 0 25751 ROBERT T BARDER COLLEGE COUNSELOR 40.0 0.0 X 112979 0 25751 JOSEPH LECHNER HIGH SCHOOL FACULTY MEMBER 40.0 0.0 X 108037 0 19710 WILL REY ATHLETIC DIRECTOR 40.0 0.0 X 112933 0 8287 LARRY BILELLO MEMBER 3.0 0.0 X 0 0 0 JOHN KLATT SECRETARY 2.0 0.0 X 0 0 0 FRANCIS KOWALIK MEMBER 1.0 0.0 X 0 0 0 TOM CARTER TREASURER 2.0 0.0 X 0 0 0 JASON ELDER MEMBER 2.0 0.0 X 0 0 0 BILL KIPP MEMBER 3.0 0.0 X 0 0 0 PETER SPINGOLA MEMBER 2.0 0.0 X 0 0 0 DAVID BROCHU PRESIDENT 3.0 0.0 X 0 0 0 594100 0 87786 5 false true false Mission by Design Marketing 105000 1 78556 428750 507306 GROSS TUITION AND CHARGES 4993785 4993785 ESL PROGRAM REVENUE 63750 63750 AFFILIATION FEES 250000 250000 5307535 83375 83375 0 0 0 0 0 0 1121778 78556 119062 1002716 1002716 0 0 0 0 0 0 OTHER REVENUE 3635 3635 3635 6904567 5311170 1086091 0 0 0 0 0 0 3265796 2756303 420408 89085 0 1336890 1155518 149658 31714 0 0 0 70501 70501 0 0 0 266863 218989 40823 7051 25295 25295 174948 149618 19093 6237 123828 104510 15940 3378 0 193557 163360 24917 5280 35181 29692 4529 960 0 0 51515 43478 6632 1405 0 235734 198957 30346 6431 75872 64035 9767 2070 PROGRAM SUPPLIES 635572 635572 DEVELOPMENT MANAGEMENT 33551 33551 CAPITAL EXPENDITURES 126003 106346 16220 3437 AMORTIZATION 7285 6148 938 199 6658391 5657821 809772 190798 2768130 1734172 0 1699680 75000 22000 0 16525 0 0 0 0 0 0 0 0 0 0 4704758 1274380 3281218 3430378 0 0 0 0 0 0 0 0 1370599 1187629 7494947 8090384 128746 219157 0 0 439045 552153 0 0 0 0 0 0 1222613 1193687 0 0 101682 215603 1892086 2180600 X 5340238 5588676 262623 321108 5602861 5909784 7494947 8090384 246176 60747 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 930424 930424 3101477 1028847 2072630 458254 245533 212721 214603 214603 3430378 PREPAID EXPENSES 22650 LT INVESTMENTS 1057541 OTHER RECEIVABLE 0 ROU ASSETS 107438 1187629 0 ACCRUED EXPENSES 107354 CAPITAL LEASE OBLIGATION 108249 215603 X 6961679 60747 60747 6900932 3635 3635 6904567 6654756 6654756 3635 3635 6658391 PART XI, LINE 4B BAD DEBT EXPENSE PART X FIN 48 (ASC 740) OTHER REVENUE CONCLUDED THAT AS OF JUNE 30, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. true true false true true true true false false false false false false false false false false true PART 1, LINE 3 - PUBLICATION OF NONDISCRIMINATORY POLICY BEING A PRIVATE COLLEGE PREPARATORY SCHOOL, OUR STUDENTS ARE NOT DRAWN FROM WITHIN THE CONFINES OF A SPECIFIC GEOGRAPHIC LOCATION. PROJECTIONS FOR THE 2022-2023 ACADEMIC YEAR INDICATE STUDENTS COMING FROM FIVE DIFFERENT COUNTIES AND THIRTY PLUS DIFFERENT CITIES AND LOCALES. PUBLISHING A NON-DISCRIMINATORY STATEMENT IN EACH OF THESE SEGMENTS IS NOT FEASIBLE FROM BOTH A LOGISTICAL AS WELL AS A FISCAL PERSPECTIVE. ANNUAL FUND 835866 835866 RIDGE DINNER 285912 285912 119062 0 1121778 1121778 119062 119062 1002716 X X X false false false false false false false false false NIALL FAGAN HEADMASTER 142430 0 0 0 0 0 0 0 8287 0 150717 0 0 0 FORM 990, PART VI, LINE 11B - FORM 990 REVIEW PROCESS THE FORM 990 IS REVIEWED BY MANAGEMENT AND MADE AVAILABLE TO THE BOARD OF DIRECTORS. FORM 990, PART VI, LINE 12C - CONFLICT OF INTEREST POLICY THE COMPANY HAS A CONFLICT OF INTEREST POLICY PURSUANT TO THE COMPANY BYLAWS ARTICLE IV, SECTION 15. PURSUANT TO THIS POLICY, BOARD MEMBERS HAVE AN OBLIGATION TO IDENTIFY ALL CONFLICTS OF INTEREST AND HAVE THE BOARD RESOLVE UNACCEPTABLE CONFLICTS OF INTEREST. FORM 990, PART VI, LINE 15A - COMP REVIEW & APPROVAL PROCESS FOR CEO, ETC. COMPENSATION REVIEW & APPROVAL PROCESS FOR CEO, EXEC DIR, OR TOP MGMT THE CHIEF EXECUTIVE'S SALARY IS DETERMINED BY THE BOARD OF DIRECTORS. THE CHIEF EXECUTIVE IS NOT PRESENT AT A BOARD MEETING WHEN THE DETERMINATION OF COMPENSATION IS ON THE AGENDA. THE BOARD MEMBERS EVALUATE ON A YEARLY BASIS THE PERFORMANCE OF THE CHIEF EXECUTIVE. FORM 990, PART VI, LINE 15A - COMP REVIEW & APPROVAL PROCESS FOR OFFICERS COMPENSATION REVIEW & APPROVAL PROCESS FOR OFFICERS & KEY EMPLOYEES THE BOARD REVIEWS AND APPROVES SALARIES AS PART OF THE BUDGETING PROCESS. FORM 990, PART VI, LINE 19 - AVAILABILITY OF DOCUMENTS NORTHRIDGE PREPARATORY SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FOR ADDITIONAL INFORMATION ON THE CONFLICT OF INTEREST POLICY, SEE PART VI, SECTION B, LINE 12, AND RELATED INFORMATION IN SCHEDULE O. FORM 990, PART X - SECURED MORTGAGES AND NOTES PAYABLE LENDER: TIME BANK ORIGINAL AMOUNT: $1,550,000 INTEREST RATE: 4.0600% DATE OF NOTE: 11/10/2017 MATURITY OF NOTE: 01/31/2027 REPAYMENT TERMS: MONTHLY PMTS OF $6,560 & FINAL PMT DUE JAN 2027 SECURITY PROVIDED: SCHOOLS ASSETS & CERTAIN RESTRICTIVE COVENANTS PURPOSE OF LOAN: MORTGAGE BEGINNING BALANCE DUE................................... 1,222,613 ENDING BALANCE DUE...................................... 1,193,687 TOTAL BEGINNING MORTGAGES AND OTHER NOTES PAYABLE 1,222,613 TOTAL ENDING MORTGAGES AND OTHER NOTES PAYABLE 1,193,687