Nonprofit · EIN 46-0697436
IVY ACADEMY
Tax-exempt · ELGIN, IL 60120
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,981,187 | $1,851,095 | $130,092 | $795,263 | $51,261 | $744,002 |
| December 31, 2023 | 990 | $1,607,013 | $1,779,939 | -$172,926 | $698,020 | $84,110 | $613,910 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $50,600
- Program service revenue
- $1,930,587
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $68,350
- Compensation of officers, directors and key employees
- $490,503
- Other salaries and wages
- $662,583
- Salaries, compensation and benefits (total)
- $1,250,843
- Professional fundraising fees
- $0
- Legal fees
- $1,395
- Accounting fees
- $11,390
- Occupancy
- $250,752
- Travel
- $36,744
- Depreciation
- $1,110
- Program services (functional)
- $1,450,146
- Management and general (functional)
- $400,949
Balance sheet and other
- Total assets, start of year
- $698,020
- Total assets, end of year
- $795,263
- Total liabilities, end of year
- $51,261
- Net assets, end of year
- $744,002
- Land, buildings and equipment
- $13,146
- Net assets without donor restrictions
- $744,002
- Gross receipts
- $1,981,187
- Employees
- 39
- Volunteers
- 3
- Year formed
- 2014
- State of legal domicile
- IL
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 |
|---|---|---|---|---|---|
| AMY HITCHINSON | PRESIDENT Trustee or director, Officer | 10 | $194,138 | $202,596 | $11,534 |
| JOSHUA HARRIS | TREASURER Trustee or director, Officer | 10 | $185,090 | $211,941 | $5,824 |
| LORENA DELGADO | ASSOCIATE EXECUTIVE DIRECT Trustee or director | 10 | $51,670 | $25,041 | $6,158 |
| JULIA FLORES | CHIEF ADMINISTRATIVE OFFIC Trustee or director | 10 | $34,678 | $43,805 | $1,409 |
| JUDY FEINGLASS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ERIC LARSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PETER WASEM | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| AMY HITCHINSON | PRESIDENT Trustee or director, Officer | 10 | $195,878 | $205,832 | $11,534 |
| JOSHUA HARRIS | TREASURER Trustee or director, Officer | 10 | $160,723 | $207,926 | $5,824 |
| JULIA FLORES | CHIEF ADMINISTRATIVE OFFICER Trustee or director | 10 | $43,152 | $40,421 | $1,409 |
| LORENA DELGADO | ASSOCIATE EXECUTIVE DIRECTOR Trustee or director | 10 | $57,970 | $15,347 | $6,158 |
| JUDY FEINGLASS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ERIC LARSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PETER WASEM | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 545 HIAWATHA DR, ELGIN, IL 60120-4022
- Principal officer (990 for 2024)
- AMY HITCHINSON, 36W182 RIVER COURT, ST CHARLES, IL 60175
- Signed the 990
- AMY HITCHINSON, PRESIDENT
- Phone
- (847) 312-3371
- Website
- THEIVYACADEMY.ORG
- Return prepared by
- CHERRY BEKAERT ADVISORY LLC
Mission
TO PROVIDE QUALITY EARLY CHILDHOOD EDUCATION AND RELATED SERVICES, WHILE STRIVING TO EMPOWER YOUNG CHILDREN THROUGH FAMILY-FRIENDLY SUPPORT AND EDUCATION
Program accomplishments
- EARLY CHILDHOOD: TO PROVIDE QUALITY EARLY CHILDHOOD EDUCATION AND RELATED SERVICES, WHILE STRIVING TO EMPOWER YOUNG CHILDREN THROUGH FAMILY-FRIENDLY SUPPORT AND EDUCATIONExpenses $1,450,146 · grants $68,350 · revenue $1,930,587
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
- 46-0697436
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $795,263
- Income (IRS master file)
- $1,981,187
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,981,187 | $1,851,095 | $795,263 | XML |
| 990 | December 2023 | $1,607,013 | $1,779,939 | $698,020 | XML |
| 990 | December 2022 | $1,504,123 | $1,375,074 | $829,376 | IRS |
| 990 | December 2021 | – | – | – | 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 46-0697436).
Questions about IVY ACADEMY
- What is the EIN of IVY ACADEMY?
- The employer identification number (EIN) of IVY ACADEMY is 46-0697436.
- Is IVY ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to IVY ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IVY ACADEMY 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 IVY ACADEMY 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 IVY ACADEMY 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 IVY ACADEMY?
- The 990 for the year ended December 31, 2024 names AMY HITCHINSON.
- Who are the officers and directors of IVY ACADEMY?
- The 990 for the year ended December 31, 2024 lists 7 people; 4 received compensation from the organization, the highest $194,138 (AMY HITCHINSON, PRESIDENT).
- How much revenue does IVY ACADEMY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,981,187, expenses of $1,851,095 and total assets of $795,263 at year end.
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- WESTMINSTER CHRISTIAN EDUCATION CORPORATION EIN 88-3973151 · last filed 990 for 2025
- SPARKFORCE NFP EIN 36-4201897 · last filed 990 for 2025
- ELGIN COMMUNITY COLLEGE FOUNDATION EIN 36-3358690 · last filed 990 for 2025
- ELGIN YOUTH SYMPHONY ORCHESTRA INC EIN 36-4403533 · last filed 990 for 2025