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Morgan Park Academy

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Primary, Elementary Schools (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$10.2M (2023)

Expenses
$9.9M (2023)

Total Assets
$7.42M (2023)

Total Liabilities
$4.06M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,170,298
Expenses
$9,897,947
Net Income
$272,351
Net Assets
$3,358,153
Notable Sources of Revenue Percent of Total Revenue
Contributions $778,545
7.7%
Program Services $9,332,207
91.8%
Investment Income $23,539
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $109,994
1.1%
Net Fundraising -$96,645
Sales of Assets $765
0.0%
Net Inventory Sales $0
Other Revenue $21,893
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $341,228
3.4%
Professional Fundraising Fees $0
Other Salaries and Wages $3,945,290
39.9%
Assets/Debt
Total Assets $7,415,029
Total Liabilities $4,056,876
Net Assets $3,358,153
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mercedes Sheppard (Head Of School) $216,720 $0 $4,351
Vincent Hermosilla (Assistant Head Of School) $110,224 $0 $2,037
Julie Cuadros Perry (Director Of Finance) $100,806 $0 $19,351
Kishore Paluri (Board President) $0 $0 $0
Elgie Sims (Board Vice President) $0 $0 $0
Torrence Moore (Board Treasurer) $0 $0 $0
Andrea Durbin (Board Secretary) $0 $0 $0
Marcus Crawford (Board Member) $0 $0 $0
Amy Delaney (Board Member) $0 $0 $0
Karin Norington Reaves (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,629,614
Expenses
$9,436,714
Net Income
$192,900
Net Assets
$3,014,031
Notable Sources of Revenue Percent of Total Revenue
Contributions $419,041
4.4%
Program Services $9,077,573
94.3%
Investment Income $16,538
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $82,521
0.9%
Net Fundraising $31,192
0.3%
Sales of Assets $2,749
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $231,308
2.5%
Professional Fundraising Fees $0
Other Salaries and Wages $4,156,034
44.0%
Assets/Debt
Total Assets $7,353,923
Total Liabilities $4,339,892
Net Assets $3,014,031
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mercedes Sheppard (Head Of School) $220,294 $0 $11,015
Louis Saggione Jr (Director Of Bldgs & Ground) $114,539 $0 $23,172
Vincent Hermosilla (Assistant Head Of School) $110,142 $0 $999
Heidi Yernberg (Board President) $0 $0 $0
Andrea Durbin Odom (Board Vice President) $0 $0 $0
Torrence Moore (Board Treasurer) $0 $0 $0
Marcus Crawford (Board Member) $0 $0 $0
Amy Delaney (Board Member) $0 $0 $0
Karin Norington Reaves (Board Member) $0 $0 $0
Elgie Sims (Board Member) $0 $0 $0
Kishore Paluri (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,101,718
Expenses
$8,579,966
Net Income
$521,752
Net Assets
$2,938,235
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,465,354
16.1%
Program Services $7,539,174
82.8%
Investment Income $9,039
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $55,735
0.6%
Net Fundraising $33,364
0.4%
Sales of Assets -$948
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $219,945
2.6%
Professional Fundraising Fees $0
Other Salaries and Wages $3,829,170
44.6%
Assets/Debt
Total Assets $7,400,655
Total Liabilities $4,462,420
Net Assets $2,938,235
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mercedes Sheppard (Head Of School) $195,945 $0 $33,797
Louis Saggione Jr (Director Of Bldgs & Ground) $103,927 $0 $22,641
Heidi Yernberg (Board President) $0 $0 $0
Kishore Paluri (Board Vice President) $0 $0 $0
Torrence Moore (Board Treasurer) $0 $0 $0
Andrea Durbin Odom (Board Secretary) $0 $0 $0
Marcus Cawford (Board Member) $0 $0 $0
Amy Delaney (Board Member) $0 $0 $0
Karin Norington Reaves (Board Member) $0 $0 $0
Elgie Sims (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,280,637
Expenses
$8,535,627
Net Income
-$254,990
Net Assets
$2,283,144
Notable Sources of Revenue Percent of Total Revenue
Contributions $354,221
4.3%
Program Services $7,863,009
95.0%
Investment Income $3,414
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $91,489
1.1%
Net Fundraising -$31,370
Sales of Assets -$126
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $238,620
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $4,030,259
47.2%
Assets/Debt
Total Assets $7,408,459
Total Liabilities $5,125,315
Net Assets $2,283,144
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mercedes Sheppard (Head Of School) $204,400 $0 $34,220
Louis Saggione Jr (Director Of Bldgs & Grounds) $108,198 $0 $18,978
Vincent Hermosilla (Assistant Head) $101,307 $0 $9,603
Heidi Echols (Board President) $0 $0 $0
Michael Harris (Board Vice President) $0 $0 $0
Torrence Moore (Treasurer) $0 $0 $0
Andrea Durbin Odom (Board Secretary) $0 $0 $0
Lisa Daniel Olimene (Board Member) $0 $0 $0
Kishore Paluri (Board Member) $0 $0 $0
Kimberly Rudd (Board Member) $0 $0 $0
Sonja Brisard (Board Member) $0 $0 $0
Elgie R Sims Jr (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,692,433
Expenses
$8,682,189
Net Income
$10,244
Net Assets
$2,542,794
Notable Sources of Revenue Percent of Total Revenue
Contributions $773,812
8.9%
Program Services $7,829,831
90.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $104,458
1.2%
Net Fundraising -$23,243
Sales of Assets $7,575
0.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $201,968
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $4,248,974
48.9%
Assets/Debt
Total Assets $7,594,554
Total Liabilities $5,051,760
Net Assets $2,542,794
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mercedes Sheppard (Head Of School) $192,350 $0 $9,618
Louis Saggione Jr (Director Of Bldgs & Grounds) $106,089 $0 $18,526
Heidi Echols (Board President) $0 $0 $0
Michael Harris (Board Vice President) $0 $0 $0
Torrence Moore (Treasurer) $0 $0 $0
Andrea Durbin Odom (Board Secretary) $0 $0 $0
Lisa Daniel Olimene (Board Member) $0 $0 $0
Kishore Paluri (Board Member) $0 $0 $0
Kimberly Rudd (Board Member) $0 $0 $0
Imre Boarden (Board Member) $0 $0 $0
Carlos Smith (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,440,077
Expenses
$8,357,349
Net Income
$1,082,728
Net Assets
$3,824,931
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,582,114
16.8%
Program Services $7,772,740
82.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $112,460
1.2%
Net Fundraising -$27,237
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $186,270
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $4,174,062
49.9%
Assets/Debt
Total Assets $7,718,190
Total Liabilities $3,893,259
Net Assets $3,824,931
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mercedes Sheppard (Head Of School) $177,400 $0 $8,870
Rajeev Rathi (Board President) $0 $0 $0
Heidi Echols (Board Vice President) $0 $0 $0
Imre Boarden (Board Secretary) $0 $0 $0
Carlos Smith (Board Member) $0 $0 $0
Demetrios Carbone (Board Member) $0 $0 $0
Andrea Durbin Odom (Board Member) $0 $0 $0
Torrence Moore (Board Member) $0 $0 $0
Barbara Tubutis (Board Member) $0 $0 $0
Lisa Daniel Olimene (Board Member) $0 $0 $0
Michael Harris (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,535,161
Expenses
$8,297,655
Net Income
$237,506
Net Assets
$2,742,203
Notable Sources of Revenue Percent of Total Revenue
Contributions $378,954
4.4%
Program Services $8,076,174
94.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $102,551
1.2%
Net Fundraising -$25,758
Sales of Assets $0
Net Inventory Sales $3,240
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $194,575
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $4,109,005
49.5%
Assets/Debt
Total Assets $6,489,673
Total Liabilities $3,747,470
Net Assets $2,742,203
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mercedes Sheppard (Head Of School) $184,950 $0 $9,625
Rajeev Rathi (Board President) $0 $0 $0
Colin Mcfarland (Board Vice President) $0 $0 $0
Imre Boarden (Board Secretary) $0 $0 $0
Carlos Smith (Board Member) $0 $0 $0
Beverly Biggs (Board Member) $0 $0 $0
Demetrios Carbone (Board Member) $0 $0 $0
Andrea Durbin Odom (Board Member) $0 $0 $0
Torrence Moore (Board Member) $0 $0 $0
Linda Klawitter (Board Member) $0 $0 $0
Barbara Tubutis (Board Member) $0 $0 $0
Lisa Daniel Olimene (Board Member) $0 $0 $0
Michael Harris (Board Member) $0 $0 $0
Heidi Echols (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,807,999
Expenses
$7,964,580
Net Income
-$156,581
Net Assets
$2,504,697
Notable Sources of Revenue Percent of Total Revenue
Contributions $401,158
5.1%
Program Services $7,319,965
93.7%
Investment Income $61
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $96,762
1.2%
Net Fundraising -$15,008
Sales of Assets $0
Net Inventory Sales $5,061
0.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $168,000
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $3,931,443
49.4%
Assets/Debt
Total Assets $6,824,838
Total Liabilities $4,320,141
Net Assets $2,504,697
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mercedes Sheppard (Head Of School) $160,000 $0 $8,000
Rajeev Rathi (Board President) $0 $0 $0
George Ribet (Board Vice President) $0 $0 $0
Colin Mcfarland (Board Treasurer) $0 $0 $0
Gene Ranieri (Board Secretary) $0 $0 $0
Carlos Smith (Board Member) $0 $0 $0
Beverly Biggs (Board Member) $0 $0 $0
Imre Boarden (Board Member) $0 $0 $0
David Jensen (Board Member) $0 $0 $0
Linda Klawitter (Board Member) $0 $0 $0
Barbara Tubutis (Board Member) $0 $0 $0
Lisa Daniel (Board Member) $0 $0 $0
Michael Harris (Board Member) $0 $0 $0
Heidi Echols (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,124,180
Expenses
$8,187,846
Net Income
-$63,666
Net Assets
$2,661,278
Notable Sources of Revenue Percent of Total Revenue
Contributions $583,761
7.2%
Program Services $7,453,198
91.7%
Investment Income $132
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $100,574
1.2%
Net Fundraising -$14,721
Sales of Assets $0
Net Inventory Sales $1,236
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $184,279
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $3,657,546
44.7%
Assets/Debt
Total Assets $7,208,701
Total Liabilities $4,547,423
Net Assets $2,661,278
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Catherine Raaflaub (Former Head Of School) $183,000 $0 $9,150
Mercedes Sheppard (Head Of School) $173,575 $0 $10,704
Rajeev Rathi (Board President) $0 $0 $0
Colin Mcfarland (Board Vice President) $0 $0 $0
Gene Ranieri (Board Secretary/Treasurer) $0 $0 $0
Carlos Smith (Board Member) $0 $0 $0
George Ribet (Board Member) $0 $0 $0
Beverly Biggs (Board Member) $0 $0 $0
Imre Boarden (Board Member) $0 $0 $0
David Jensen (Board Member) $0 $0 $0
Linda Klawitter (Board Member) $0 $0 $0
Barbara Tubutis (Board Member) $0 $0 $0
Lisa Daniel Olimene (Board Member) $0 $0 $0
Michael Harris (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,487,340
Expenses
$8,615,741
Net Income
-$128,401
Net Assets
$2,725,067
Notable Sources of Revenue Percent of Total Revenue
Contributions $624,873
7.4%
Program Services $7,730,482
91.1%
Investment Income $2,032
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $148,315
1.7%
Net Fundraising -$32,455
Sales of Assets $14,970
0.2%
Net Inventory Sales -$877
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $389,931
4.5%
Professional Fundraising Fees $0
Other Salaries and Wages $3,859,499
44.8%
Assets/Debt
Total Assets $7,113,387
Total Liabilities $4,388,320
Net Assets $2,725,067
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Catherine Raaflaub (Former Head Of School) $234,975 $0 $31,604
Mercedes Sheppard (Assistant Head/Interim Head Of School) $113,621 $0 $9,731
Rajeev Rathi (Board President) $0 $0 $0
Colin Mcfarland (Board Vice President) $0 $0 $0
Gene Ranieri (Board Secretary/Treasurer) $0 $0 $0
Carlos Smith (Board Member) $0 $0 $0
George Ribet (Board Member) $0 $0 $0
Beverly Biggs (Board Member) $0 $0 $0
Imre Boarden (Board Member) $0 $0 $0
David Jensen (Board Member) $0 $0 $0
Linda Klawitter (Board Member) $0 $0 $0
Marc Sokol (Board Member) $0 $0 $0
Aloysius Stonitsch (Board Member) $0 $0 $0
Lisa Daniel Olimene (Board Member) $0 $0 $0
Michael Harris (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,742,749
Expenses
$7,738,013
Net Income
$4,736
Net Assets
$2,853,265
Notable Sources of Revenue Percent of Total Revenue
Contributions $482,836
6.2%
Program Services $7,181,804
92.8%
Investment Income $2,341
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $127,105
1.6%
Net Fundraising -$41,455
Sales of Assets $0
Net Inventory Sales -$9,882
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $389,931
5.0%
Professional Fundraising Fees $0
Other Salaries and Wages $3,679,556
47.6%
Assets/Debt
Total Assets $7,344,344
Total Liabilities $4,491,079
Net Assets $2,853,265

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,290,019
Expenses
$7,303,653
Net Income
-$13,634
Net Assets
$2,829,837
Notable Sources of Revenue Percent of Total Revenue
Contributions $408,526
5.6%
Program Services $6,790,389
93.1%
Investment Income $3,839
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $80,148
1.1%
Net Fundraising $1,033
0.0%
Sales of Assets $0
Net Inventory Sales $6,084
0.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $343,187
4.7%
Professional Fundraising Fees $0
Other Salaries and Wages $3,512,058
48.1%
Assets/Debt
Total Assets $7,429,716
Total Liabilities $4,599,879
Net Assets $2,829,837

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,281,924
Expenses
$7,493,511
Net Income
-$211,587
Net Assets
$2,858,488
Notable Sources of Revenue Percent of Total Revenue
Contributions $531,854
7.3%
Program Services $6,408,219
88.0%
Investment Income $3,970
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $89,837
1.2%
Net Fundraising $0
Sales of Assets $242,500
3.3%
Net Inventory Sales $5,544
0.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $342,007
4.6%
Professional Fundraising Fees $0
Other Salaries and Wages $3,702,572
49.4%
Assets/Debt
Total Assets $7,303,023
Total Liabilities $4,444,535
Net Assets $2,858,488

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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