2025-03-27T13:18:18-04:00 2024-06-30 MILLER COOPER & CO LTD 1751 Lake Cook Road Suite 400 Deerfield IL 60015 990 2023-07-01 800597509 Northridge Preparatory School Inc % PHIL KRUPOWICZ NORT 8473750600 8320 W Ballard Road Niles IL 60714 PHIL KRUPOWICZ Officer 8473750600 2024-11-15 true true Steven R Glover P00253365 8472055000 2023 2025-03-06 01:10:19Z PHIL KRUPOWICZ 8320 W BALLARD ROAD NILES IL 60714 7560703 false X WWW.NORTHRIDGEPREP.ORG X 2010 IL education, grades 6-12 9 9 110 85 0 507306 697200 5307535 5559451 83375 96508 1006351 1096605 6904567 7449764 0 0 0 0 4602686 5242327 0 0 187154 2055705 2545960 6658391 7788287 246176 -338523 8090384 7740353 2180600 2080568 5909784 5659785 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 6624135 5559451 Northridge Preparatory School is an independent school grades 6-12. Enrollment is approximately 345 students. 6624135 true true false false false false false false false true 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 66 0 true 110 true false false false false false true true false false false false false false X 9 9 false false false false true 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 151746 0 9091 HUGO CHONG DIRECTOR OF BUSINESS OPERATION 40.0 0.0 X 130003 0 27169 Joseph Rhee Head of Middle School 40.0 0.0 X 117319 0 27169 Jeremy Potempa IT Director 40.0 0.0 X 109579 0 27169 WILL REY ATHLETIC DIRECTOR 40.0 0.0 X 115228 0 9091 LARRY BILELLO DIRECTOR 3.0 0.0 X 0 0 0 JOHN KLATT SECRETARY 2.0 0.0 X 0 0 0 FRANCIS KOWALIK DIRECTOR 1.0 0.0 X 0 0 0 TOM CARTER TREASURER 2.0 0.0 X 0 0 0 JASON ELDER DIRECTOR 2.0 0.0 X 0 0 0 BILL KIPP DIRECTOR 3.0 0.0 X 0 0 0 PETER SPINGOLA DIRECTOR 2.0 0.0 X 0 0 0 DAVID BROCHU PRESIDENT 3.0 0.0 X 0 0 0 Robert Black Director 2.0 0.0 X 0 0 0 623875 0 99689 8 false true false 0 221100 476100 697200 GROSS TUITION AND CHARGES 5273391 5273391 ESL PROGRAM REVENUE 36060 36060 AFFILIATION FEES 250000 250000 5559451 96508 96508 0 0 0 0 0 0 1207544 221100 110939 1096605 1096605 0 0 0 0 0 0 0 7449764 5559451 1193113 0 0 0 0 0 0 3829954 3225025 515428 89501 0 1412373 1231647 153987 26739 0 0 0 65329 65329 0 0 0 283103 231589 45086 6428 39208 39208 193368 162826 26023 4519 115592 97335 15556 2701 0 202180 170246 27209 4725 36098 30396 4858 844 0 0 48709 41016 6555 1138 0 252994 213034 34047 5913 68423 57616 9208 1599 PROGRAM SUPPLIES 662978 662978 DEVELOPMENT MANAGEMENT 30247 30247 CAPITAL EXPENDITURES 523416 440744 70440 12232 AMORTIZATION 24315 20475 3272 568 7788287 6624135 976998 187154 1734172 975445 1699680 1699680 22000 208681 16525 20755 0 0 0 0 0 0 0 0 0 0 4845374 1489887 3430378 3355487 0 0 0 0 0 0 0 0 1187629 1480305 8090384 7740353 219157 180195 0 0 552153 554053 0 0 0 0 0 0 1193687 1163681 0 0 215603 182639 2180600 2080568 X 5588676 5127534 321108 532251 5909784 5659785 8090384 7740353 -338523 88524 X false true true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1061479 20000 117643 1199122 975433 4000 82046 1061479 904719 200000 -114286 15000 975433 538408 260000 136311 30000 904719 527468 27159 16219 538408 0.80000 0.20000 false false 930424 930424 3297755 1243786 2053969 424256 246101 178155 192939 192939 3355487 PREPAID EXPENSES 25693 LT INVESTMENTS 1191486 OTHER RECEIVABLE 173000 ROU ASSETS 90126 1480305 0 ACCRUED EXPENSES 91992 CAPITAL LEASE OBLIGATION 90647 182639 7538288 88524 88524 7449764 7449764 7788287 7788287 7788287 PART X FIN 48 (ASC 740) OTHER REVENUE CONCLUDED THAT AS OF JUNE 30, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART V - ENDOWMENT FUNDS THE SCHOOL ESTABLISHED AN ENDOWMENT FUND, THE NORTHRIDGE ENDOWMENT FUND (THE "FUND") WHICH CONSISTS OF TWO FUNDS, THE FINANCIAL AID FUND AND THE FRIENDS OF NORTHRIDGE FUND, TO PROVIDE FINANCIAL AID ASSISTANCE, SCHOLARSHIP AWARDS, FACULTY SALARY ASSISTANCE, AND A RESERVE FOR EXTRAORDINARY OPERATING EVENTS. THE FUND INCLUDES NET ASSETS WITH DONOR RESTRICTIONS (FINANCIAL AID FUND) AND NET ASSETS WITHOUT DONOR RESTRICTIONS (FRIENDS OF NORTHRIDGE FUND) THAT HAVE BEEN DESIGNATED FOR ENDOWMENT BY THE BOARD OF DIRECTORS. 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 2023-2024 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 890417 890417 RIDGE DINNER 317127 317127 110939 0 1207544 1207544 110939 110939 1096605 X X X false false false false false false false false false NIALL FAGAN HEADMASTER 151746 0 0 0 0 0 0 0 9091 0 160837 0 0 0 HUGO CHONG DIRECTOR OF BUSINESS OPERATION 130003 0 0 0 0 0 0 0 27169 0 157172 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................................... 1,193,687 ENDING BALANCE DUE...................................... 1,163,681 TOTAL BEGINNING MORTGAGES AND OTHER NOTES PAYABLE 1,193,687 TOTAL ENDING MORTGAGES AND OTHER NOTES PAYABLE 1,163,681