American Quality Schools Corporation

Downers Grove, IL
Tax-exempt since Oct. 2008
EIN: 36-4298732

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Type of Nonprofit

Designated as a 501(c)(3) 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 / Elementary, Secondary Education, K - 12 (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.

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$3M (2023)

Expenses

$2.81M (2023)

Total Assets

$1.29M (2023)

Total Liabilities

$1.41M (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

Revenue

$3,004,232

Expenses

$2,808,723

Net Income

$195,509

Net Assets

-$123,470

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,988,290	99.5%
Program Services	$15,911	0.5%
Investment Income	$31	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,159,533	41.3%

Assets/Debt
Total Assets	$1,287,951
Total Liabilities	$1,411,421
Net Assets	-$123,470

Operated a school

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Patricia Yadgir (Vice President)	$115,000	$0	$0
Yolanda M Banks (Principal)	$112,000	$0	$0
Michael Bakalis (President)	$0	$0	$0
Tom Pekras (Board Member)	$0	$0	$0
Pam Paul (Board Member)	$0	$0	$0
Marlene Golembo (Secretary)	$0	$0	$0
George Nassos (Board Member)	$0	$0	$0
Terri Vanderjack (Board Member)	$0	$0	$0
Laura Davidson (Board Member)	$0	$0	$0

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990

Filed on May 15, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2022

Revenue

$2,980,673

Expenses

$3,095,354

Net Income

-$114,681

Net Assets

-$366,708

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,962,411	99.4%
Program Services	$18,262	0.6%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,344,510	43.4%

Assets/Debt
Total Assets	$802,710
Total Liabilities	$1,169,418
Net Assets	-$366,708

Operated a school

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Patricia Yadgir (Vice President)	$115,000	$0	$0
Charles Williams (Principal)	$112,504	$0	$0
Michael Bakalis (President)	$0	$0	$0
Tom Pekras (Board Member)	$0	$0	$0
Pam Paul (Board Member)	$0	$0	$0
Marlene Golembo (Secretary)	$0	$0	$0
George Nassos (Board Member)	$0	$0	$0
Terri Vanderjack (Board Member)	$0	$0	$0
Laura Davidson (Board Member)	$0	$0	$0

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990

Filed on May 12, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2021

Revenue

$3,048,885

Expenses

$2,984,648

Net Income

$64,237

Net Assets

-$252,027

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,028,251	99.3%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$20,634	0.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,516,466	50.8%

Assets/Debt
Total Assets	$928,105
Total Liabilities	$1,180,132
Net Assets	-$252,027

Operated a school

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Patricia Yadgir (Vice President)	$115,000	$0	$0
Charles Williams (Principal)	$104,911	$0	$1,702
Michael Bakalis (President)	$0	$0	$0
Marlene Golembo (Secretary)	$0	$0	$0
George Nassos (Board Member)	$0	$0	$0
Pam Paul (Board Member)	$0	$0	$0
Thomas Pekras (Board Member)	$0	$0	$0
Terri Vanderjack (Board Member)	$0	$0	$0
Laura Davidson (Board Member)	$0	$0	$0

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990

Filed on May 12, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2020

Revenue

$3,346,375

Expenses

$2,973,283

Net Income

$373,092

Net Assets

-$316,264

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,244,779	97.0%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$101,596	3.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,531,158	51.5%

Assets/Debt
Total Assets	$877,845
Total Liabilities	$1,194,109
Net Assets	-$316,264

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael Bakalis (President)	$0	$0	$0
Marlene Golembo (Secretary)	$0	$0	$0
George Nassos (Board Member)	$0	$0	$0
Pam Paul (Board Member)	$0	$0	$0
Thomas Pekras (Board Member)	$0	$0	$0
Terri Vanderjack (Board Member)	$0	$0	$0
Laura Davidson (Board Member)	$0	$0	$0

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990

Filed on Feb. 11, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending June
2019

Revenue

$3,155,678

Expenses

$3,436,117

Net Income

-$280,439

Net Assets

-$689,356

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,152,490	99.9%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$1,226
Sales of Assets	-$96,777
Net Inventory Sales	$0
Other Revenue	$101,191	3.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,421,248	41.4%

Assets/Debt
Total Assets	$716,978
Total Liabilities	$1,406,334
Net Assets	-$689,356

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael Bakalis (President)	$0	$0	$0
Marlene Golembo (Secretary)	$0	$0	$0
George Nassos (Board Member)	$0	$0	$0
Pam Paul (Board Member)	$0	$0	$0
Thomas Pekras (Board Member)	$0	$0	$0
Terri Vanderjack (Board Member)	$0	$0	$0
Laura Davidson (Board Member)	$0	$0	$0

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990

Filed on March 4, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2018

Revenue

$3,993,789

Expenses

$4,217,242

Net Income

-$223,453

Net Assets

-$408,917

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,865,118	96.8%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$6,129	0.2%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$122,542	3.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,021,584	47.9%

Assets/Debt
Total Assets	$1,249,107
Total Liabilities	$1,658,024
Net Assets	-$408,917

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2017

Revenue

$4,877,381

Expenses

$4,730,681

Net Income

$146,700

Net Assets

-$185,464

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$4,770,768	97.8%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$22,708	0.5%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$83,905	1.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,114,634	44.7%

Assets/Debt
Total Assets	$1,753,202
Total Liabilities	$1,938,666
Net Assets	-$185,464

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2016

Revenue

$6,153,103

Expenses

$6,403,735

Net Income

-$250,632

Net Assets

-$200,164

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$6,091,551	99.0%
Program Services	$0
Investment Income	$533	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$3,124	0.1%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$57,895	0.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$80,000	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,905,060	45.4%

Assets/Debt
Total Assets	$1,915,195
Total Liabilities	$2,115,359
Net Assets	-$200,164

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending June
2015

Revenue

$6,974,823

Expenses

$6,814,097

Net Income

$160,726

Net Assets

$50,468

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$6,953,305	99.7%
Program Services	$0
Investment Income	$260	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$21,258	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$120,000	1.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,136,305	46.0%

Assets/Debt
Total Assets	$2,314,290
Total Liabilities	$2,263,822
Net Assets	$50,468

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2014

Revenue

$6,994,280

Expenses

$6,864,793

Net Income

$129,487

Net Assets

-$110,258

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$6,969,470	99.6%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$24,810	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$120,000	1.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,577,617	52.1%

Assets/Debt
Total Assets	$2,299,996
Total Liabilities	$2,410,254
Net Assets	-$110,258

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2013

Revenue

$6,724,431

Expenses

$7,129,565

Net Income

-$405,134

Net Assets

-$239,745

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$6,623,321	98.5%
Program Services	$0
Investment Income	$268	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$100,842	1.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,707,997	52.0%

Assets/Debt
Total Assets	$2,801,460
Total Liabilities	$3,041,205
Net Assets	-$239,745

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2012

Revenue

$6,974,598

Expenses

$7,666,284

Net Income

-$691,686

Net Assets

$282,227

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$6,887,796	98.8%
Program Services	$0
Investment Income	$569	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$86,233	1.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,830,648	50.0%

Assets/Debt
Total Assets	$2,908,068
Total Liabilities	$2,625,841
Net Assets	$282,227

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending June
2011

Revenue

$6,753,616

Expenses

$8,267,656

Net Income

-$1,514,040

Net Assets

$973,913

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$6,697,529	99.2%
Program Services	$0
Investment Income	$1,603	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$54,484	0.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,636,619	56.1%

Assets/Debt
Total Assets	$2,379,223
Total Liabilities	$1,405,310
Net Assets	$973,913

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2001

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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.

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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

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Updated January 31, 2025

American Quality Schools Corporation

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $3M (2023)

Expenses $2.81M (2023)

Total Assets $1.29M (2023)

Total Liabilities $1.41M (2023)

Tax Filings by Year

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990

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Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990

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Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Revenue

$3M (2023)

Expenses

$2.81M (2023)

Total Assets

$1.29M (2023)

Total Liabilities

$1.41M (2023)

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002

Fiscal Year Ending June
2001