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Glenwood Academy

Glenwood, IL · EIN 36-2167087 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending August 31, 2025 (tax year 2024) · View the filing · Correct or respond

Glenwood Academy reported $10.0 million in revenue and $5.2 million in expenses for the fiscal year ending August 31, 2025. Of every $100 it spent, $63.73 went to program services, $20.88 to management and general costs and $15.39 to fundraising. Its largest source of revenue was contributions and grants: 70.0% of the total. The highest compensation it reported for one person was $395,769 (PRESIDENT & CEO THROUGH JAN 2026). 6 people received more than $100,000 in reportable compensation. Revenue rose 162% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending August 31, 2025 · Form 990, Part IX, line 25 · total expenses $5.2M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending August 31, 2025 · Form 990, Part VIII · total revenue $10M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
63.7%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
20.9%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
15.4%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.11$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
70.0%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
2.6%1.1%
Program service revenue share
Part VIII 2g ÷ 12
0.0%69.9%
Highest reported compensation
Part VII-A, columns D–F
$395,769$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
7.58%1.28%
People paid over $100,000
Part VII, line 2
68
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
192.313.3
Independent voting board members
Part VI 1a–1b
20 of 20100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$3.3M expenses · 100.0% of program spending

Residential education 2-8 gradeto provide a high quality education and residential program for students from lower income and single-parent familites, who seek a positive alternative to home and community situations which impede opportunities to achieve their potential

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT & CEO THROUGH JAN 2026
Officer, 40.00 hrs/week
$375,769$0$20,000$395,769
CEO - AS OF SEP 2025
Officer, 40.00 hrs/week
$249,154$0$0$249,154
CFO
Officer, 40.00 hrs/week
$188,428$0$0$188,428
VP OF ACADEMIC AFFAIRS AND ADMISSIONS
Highest compensated employee, 40.00 hrs/week
$119,837$0$0$119,837
VP OF FINANCE & FOOD SERVICES
Highest compensated employee, 40.00 hrs/week
$116,093$0$0$116,093
VP OF FACILITIES
Highest compensated employee, 40.00 hrs/week
$115,494$0$0$115,494

6 people received more than $100,000 in reportable compensation from Glenwood Academy (Part VII, line 2). Compensation of current officers, directors and key employees totaled $833K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20MFY2020FY2021FY2022FY2023FY2024FY2025$10M$5.2M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$10M$5.2M63.7%$84M$395,769
FY2024 ⓘ$7.9M$5.0M62.7%$77M$358,484
FY2023 ⓘ$6.8M$4.6M60.9%$70M$384,275
FY2022 ⓘ$8.4M$3.9M58.0%$65M$379,737
FY2021 ⓘ$10M$3.8M56.9%$70M$379,197
FY2020 ⓘ$3.8M$4.0M58.5%$58M$369,802

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b20 · 20 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5119
  • Volunteers Part I, line 628

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
MORGAN BIRGE & ASSOCIATES
Outsourced it
$160,438

Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.

Private foundation grants it received

14 private foundations reported grants to Glenwood Academy totaling $605K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Glenwood Academy's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Glenwood Academy, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Illinois

Questions people ask

How much of Glenwood Academy's spending goes to programs?

In the fiscal year ending August 31, 2025, Glenwood Academy reported that 63.7% of its $5.2 million in expenses went to program services, 20.9% to management and general and 15.4% to fundraising (Form 990, Part IX).

How much does Glenwood Academy pay its top executive?

The largest total compensation Glenwood Academy reported for one person in the fiscal year ending August 31, 2025 was $395,769, for the role of PRESIDENT & CEO THROUGH JAN 2026 (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Glenwood Academy get its money?

Of $10.0 million in revenue in the fiscal year ending August 31, 2025, 70.0% came from contributions and grants (including 2.6% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).

Is Glenwood Academy a registered charity?

The IRS lists EIN 36-2167087 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending August 31, 2025, object 202621829349300807 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending August 31, 2024, object 202511829349301401 · read the filing
  • FY2023: Form 990 for the fiscal year ending August 31, 2023, object 202431979349301408 · read the filing
  • FY2022: Form 990 for the fiscal year ending August 31, 2022, object 202330819349300813 · read the filing
  • FY2021: Form 990 for the fiscal year ending August 31, 2021, object 202210469349300341 · read the filing
  • FY2020: Form 990 for the fiscal year ending August 31, 2020, object 202141169349301164 · read the filing

All filings for EIN 36-2167087: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.