2025-10-06T10:41:04-05:00 2025-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 15303 S 94TH AVE STE 200 ORLAND PARK IL 60462 990 2024-07-01 362167722 AMERICAN SCHOOL OF CORRESPONDENCE AMER 7084182800 2200 E 170TH ST LANSING IL 60438 VALERIE J RILEY PRESIDENT 7084182800 2025-10-02 1 1 STEPHANIE LEW P01080011 7083496999 2024 2025-03-06 01:10:19Z VALERIE J RILEY 2200 E 170TH ST LANSING IL 60438 3606640 0 X WWW.AMERICANSCHOOL.ORG X 1897 MA PROVIDE A MIDDLE SCHOOL AND HIGH SCHOOL EDUCATION THROUGH THE HOME STUDY METHOD AT A REASONABLE COST TO STUDENTS. 3 1 54 1 0 0 0 0 2771433 2175279 449575 419479 0 0 3221008 2594758 4249 3860 0 0 2116267 1977809 0 0 0 1752135 1626717 3872651 3608386 -651643 -1013628 6859882 5847202 351819 311139 6508063 5536063 THE AMERICAN SCHOOL, A NOT FOR PROFIT DISTANCE LEARNING INSTITUTION UTILIZING THE HOME STUDY METHOD, IS DEDICATED TO PROVIDING QUALITY SECONDARY INSTRUCTION AT A REASONABLE COST TO THOSE STUDENTS WHO ARE SEEKING AN ALTERNATIVE MEANS OF COMPLETING THEIR HIGH SCHOOL EDUCATION 0 0 2523813 3860 2175279 EDUCATIONAL SERVICES: PROVIDE QUALITY SECONDARY INSTRUCTION AT A REASONABLE COST TO STUDENTS SEEKING TO COMPLETE A HIGH SCHOOL EDUCATION THROUGH THE HOME STUDY METHOD. 2523813 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 54 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 1 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JUDY PISCIONE 7084182825 2200 E 170TH STREET LANSING IL 60438 VALERIE J RILEY PRESIDENT 37.50 0.00 X X 98622 0 15485 JEFFREY E COX EXECUTIVE VICE PRESIDENT 37.50 0.00 X X 89250 0 14656 GARY MASTERTON TRUSTEE 1.00 0.00 X 0 0 0 187872 0 30141 0 0 0 0 0 TRAINING COURSES 900099 2160147 2160147 OTHER STUDENT SERVICES 900099 15132 15132 2175279 166241 166241 1265120 1011882 253238 253238 253238 2594758 2175279 0 419479 3860 3860 222825 157615 65210 1266797 896066 370731 388248 274626 113622 99939 70692 29247 12970 12970 15120 15120 133140 26068 107072 57851 57851 86014 50811 35203 244426 231732 12694 161378 96482 64896 58416 36258 22158 90161 11084 79077 EDUCATION MATERIALS 408123 395591 12532 DISCOUNT AND PROVISION 170248 170248 SHIPPING AND RECEIVING 116490 102491 13999 DUES AND SUBSCRIPTIONS 72380 189 72191 3608386 2523813 1084573 0 96387 54108 264913 177987 237733 208193 46820 46890 3374144 2772284 650276 601860 5563753 4758164 6859882 5847202 115671 103975 24898 9386 211250 197778 351819 311139 X 5208063 4236063 1300000 1300000 6508063 5536063 6859882 5847202 -1013628 41628 0 X 0 1 X 1 0 X 1300000 112340 112340 1300000 1300000 108853 108853 1300000 1300000 85829 85829 1300000 1300000 1300000 1300000 239621 239621 1300000 0.00000 1.00000 0.00000 0 0 225000 225000 2789257 2447783 341474 353214 317828 35386 6673 6673 0 601860 X 2447158 41628 41628 2405530 15120 174108 189228 2594758 3419158 0 3419158 15120 174108 189228 3608386 PART V, LINE 4: THE ENDOWMENT IS USED FOR GENERAL SCHOOL OPERATIONS. PART X, LINE 2: THE SCHOOL HAS BEEN DETERMINED TO BE EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR EITHER FEDERAL OR STATE INCOME TAXES. THE SCHOOL HAS EVALUATED THE TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS. CURRENTLY, THE TAX RETURN FOR THE PRIOR THREE FISCAL YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE; HOWEVER, THE SCHOOL IS NOT CURRENTLY UNDER AUDIT NOR HAS THE SCHOOL BEEN CONTACTED BY THIS JURISDICTION. BASED ON THE EVALUATION OF THE SCHOOL'S TAX POSITION, MANAGEMENT BELIEVES ALL POSITIONS WOULD BE UPHELD UNDER AN EXAMINATION; THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEARS ENDED JUNE 30, 2025 AND 2024. PART XI, LINE 4B - OTHER ADJUSTMENTS: DISCOUNT AND PROVISION FOR CANCELLATION 174,108. PART XII, LINE 4B - OTHER ADJUSTMENTS: DISCOUNT AND PROVISION FOR CANCELLATION 174,108. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ORGANIZATIONS NONDISCRIMINATORY POLICY IS DESCRIBED IN A SCHOOL BULLETIN WHICH IS DISTRIBUTED TO ALL STUDENTS. FORM 990, PART VI, SECTION A, LINE 6 FULL TIME EMPLOYEES OF THE SCHOOL MAY BE MEMBERS OF THE CORPORATION IN ADDITION TO MEMBERS OF THE BOARD OF TRUSTEES. MEMBERS ARE SELECTED BY INVITATION OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CORPORATION MAY SUBMIT NOMINATIONS FOR MEMBERS OF THE BOARD OF TRUSTEES. THE MEMBERS OF THE CORPORATION AT A DULY CALLED MEETING MAY OVERRULE BY THREE-FOURTHS VOTE THE ACTION OF THE BOARD OF TRUSTEES IN APPROVING OR REMOVING A MEMBER. FORM 990, PART VI, SECTION B, LINE 11B 990 IS REVIEWED BY THE FINANCE COMMITTEE AND MADE AVAILABLE TO THE ENTIRE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS ANNUALLY SIGNS A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY B. HAS READ AND UNDERSTANDS THE POLICY C. HAS AGREED TO COMPLY WITH THE POLICY D. UNDERSTANDS AMERICAN SCHOOL IS A NON-PROFIT AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION REVIEW OF THE CEO, EXECUTIVE DIRECTOR, AND TOP MANAGEMENT IS PERFORMED BY THE BOARD OF TRUSTEES. THE COMPENSATION REVIEW OF OFFICERS AND KEY EMPLOYEES IS PERFORMED BY THE THE BOARD OF TRUSTEES, CFO, AND PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST