Nonprofit · EIN 26-1516765
KRADWELL SCHOOL INC
Tax-exempt · DOWNERS GROVE, IL 60515
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,327,014 | $1,458,710 | -$131,696 | $874,814 | $2,666,636 | -$1,791,822 |
| December 31, 2023 | 990 | $1,369,189 | $1,400,299 | -$31,110 | $937,455 | $2,597,582 | -$1,660,127 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $429,500
- Program service revenue
- $926,620
- Investment income
- -$29,106
- Net gain from sales of assets
- -$29,106
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $132,023
- Other salaries and wages
- $745,265
- Salaries, compensation and benefits (total)
- $1,131,254
- Professional fundraising fees
- $0
- Travel
- $4,084
- Depreciation
- $77,790
- Program services (functional)
- $185,462
- Management and general (functional)
- $1,273,248
Balance sheet and other
- Total assets, start of year
- $937,455
- Total assets, end of year
- $874,814
- Total liabilities, end of year
- $2,666,636
- Net assets, end of year
- -$1,791,822
- Land, buildings and equipment
- $756,975
- Net assets without donor restrictions
- -$1,791,822
- Gross receipts
- $1,356,120
- Employees
- 17
- Volunteers
- 0
- Year formed
- 2008
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DOMINIC NAKIS | FORMER OFFICER Former | 0 | $0 | $3,375,856 | $1,231,995 |
| DENNIS POTTS | DIRECTOR, CHAIRPERSON Trustee or director, Officer | 1 | $0 | $2,731,220 | $324,837 |
| BRAD CLARK | ASSISTANT TREASURER Officer | 1 | $0 | $2,513,703 | $419,389 |
| CARRIE KILLORAN | DIRECTOR, CHAIRPERSON Trustee or director, Officer | 1 | $0 | $1,868,271 | $171,028 |
| NAN NELSON | DIRECTOR, TREASURER, ASST TREASURER Trustee or director, Officer | 1 | $0 | $1,472,483 | $272,483 |
| RACHELLE HART | SECRETARY, ASSISTANT SECRETARY Officer | 1 | $0 | $1,101,754 | $224,620 |
| MICHAEL GREBE | FORMER OFFICER Former | 0 | $0 | $1,076,461 | $64,107 |
| MICHAEL KERNS | ASSISTANT SECRETARY Officer | 1 | $0 | $834,378 | $132,619 |
| JAMES SLINKMAN | FORMER OFFICER Former | 0 | $0 | $689,283 | $174,709 |
| SUE DWYER | ASSISTANT TREASURER Officer | 1 | $0 | $659,932 | $179,867 |
| RACHEL HALVERSON | ASSISTANT TREASURER Officer | 1 | $0 | $726,813 | $64,719 |
| STEVE HUSER | FORMER OFFICER Former | 0 | $0 | $561,236 | $18,835 |
| JAMES DOHENY | FORMER OFFICER Former | 0 | $0 | $531,922 | $26,867 |
| JESSICA SMALL | DIRECTOR, PRESIDENT Trustee or director, Officer | 1 | $0 | $419,792 | $118,609 |
| PETER CARLSON | FORMER DIRECTOR/OFFICER Former | 0 | $0 | $492,511 | $31,387 |
2 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| LESLIE LENZO | FORMER OFFICER Former | 0 | $0 | $127,097 |
| KATHERINE KETNER | ASSISTANT SECRETARY Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DOMINIC NAKIS | TREASURER Officer | 1 | $0 | $6,387,589 | $130,352 |
| MICHAEL GREBE | SECRETARY Officer | 1 | $0 | $3,603,425 | $99,054 |
| DENNIS POTTS | DIRECTOR, CHAIRPERSON Trustee or director, Officer | 1 | $0 | $2,952,403 | $182,360 |
| NAN NELSON | DIRECTOR, ASST TREASURER, TREASURER Trustee or director, Officer | 1 | $0 | $1,721,965 | $152,768 |
| BRAD CLARK | ASSISTANT TREASURER Officer | 1 | $0 | $1,431,976 | $145,795 |
| RACHELLE HART | ASSISTANT SECRETARY Officer | 1 | $0 | $1,155,480 | $130,674 |
| JAMES DOHENY | ASSISTANT TREASURER Officer | 1 | $0 | $1,064,007 | $63,927 |
| PETER CARLSON | DIRECTOR, PRESIDENT Trustee or director, Officer | 1 | $0 | $876,490 | $82,330 |
| STEVE HUSER | ASSISTANT TREASURER Officer | 1 | $0 | $806,480 | $71,656 |
| MICHAEL KERNS | ASSISTANT SECRETARY Officer | 1 | $0 | $749,774 | $111,993 |
| SUE DWYER | ASSISTANT TREASURER Officer | 1 | $0 | $619,629 | $113,751 |
| RACHEL HALVERSON | ASSISTANT TREASURER Officer | 1 | $0 | $477,791 | $59,558 |
| JESSICA SMALL | DIRECTOR, PRESIDENT Trustee or director, Officer | 1 | $0 | $387,777 | $76,669 |
| KATHERINE KETNER | ASSISTANT SECRETARY Officer | 1 | $0 | $317,371 | $30,165 |
| MARY SCHULTE | SCHOOL DIRECTOR Highest-paid employee | 55 | $123,165 | $0 | $3,709 |
Address and contacts
- Address (IRS master file)
- 3075 HIGHLAND PKWY FL 6, DOWNERS GROVE, IL 60515-5563
- Principal officer (990 for 2024)
- PETER CARLSON, PO BOX 341880, MILWAUKEE, WI 532341880
- Signed the 990
- JENNIFER BARBER, VICE PRESIDENT OF TAX
- Phone
- (414) 299-1576
- Website
- WWW.KRADWELL.ORG
Mission
KRADWELL SCHOOL IS DEDICATED TO SERVING STUDENTS IN 5TH THROUGH 12TH GRADE WHO HAVE EXPERIENCED OVERWHELMING DIFFICULTIES IN TRADITIONAL EDUCATION ENVIRONMENTS. OUR STUDENTS' LIVES ARE COMPLICATED BY EMOTIONAL AND PSYCHOLOGICAL DISORDERS SUCH AS DEPRESSION, ADHD, ANXIETY, DYSLEXIA, AND A MYRIAD OF OTHER LEARNING DISORDERS.
Program accomplishments
- KRADWELL SCHOOL PROVIDES EDUCATION FOR STUDENTS WITH SPECIAL EDUCATIONAL NEEDS. KRADWELL'S UNIQUE MODEL OF EDUCATIONAL SUCCESS IS BUILT UPON THE ABSOLUTE ACCEPTANCE OF EACH INDIVIDUAL STUDENT COUPLED WITH THE DEEP BELIEF THAT EACH STUDENT IS CAPABLE AND DESERVING OF SUCCESS.Expenses $185,462 · revenue $926,620
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-1516765
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B28)
- Assets (IRS master file)
- $874,814
- Income (IRS master file)
- $1,356,120
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,327,014 | $1,458,710 | $874,814 | XML |
| 990 | December 2023 | $1,369,189 | $1,400,299 | $937,455 | XML |
| 990 | December 2022 | $1,021,769 | $1,395,843 | -$1,368,413 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-1516765).
Questions about KRADWELL SCHOOL INC
- What is the EIN of KRADWELL SCHOOL INC?
- The employer identification number (EIN) of KRADWELL SCHOOL INC is 26-1516765.
- Is KRADWELL SCHOOL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to KRADWELL SCHOOL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KRADWELL SCHOOL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KRADWELL SCHOOL INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KRADWELL SCHOOL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of KRADWELL SCHOOL INC?
- The 990 for the year ended December 31, 2024 names PETER CARLSON.
- Who are the officers and directors of KRADWELL SCHOOL INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 0 received compensation from the organization.
- How much revenue does KRADWELL SCHOOL INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,327,014, expenses of $1,458,710 and total assets of $874,814 at year end.
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