Civic Intelligence

Chicago Virtual Charter School

990 • Fiscal year 2014 • EIN 01-0863627

Jul 01, 2013 to Jun 30, 2014 • Filed on Jan 30, 2015

Organization ProfileWWW.CHICAGOVCS.ORG
38 South Peoria StreetChicago, IL 60607-2628

(312) 267-4486

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

84th percentile

0.75x

Higher debt load relative to assets than 84% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

43rd percentile

0.14x

Higher debt load relative to revenue than 43% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

44th percentile

1.2%

Higher net margin than 44% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

90th percentile

34%

Faster asset growth than 90% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

76th percentile

19%

Faster revenue growth than 76% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$1,242,291

Up $313,124 (+34%) from 2013

Net Assets

Up

$309,220

Up $78,148 (+34%) from 2013

Liabilities

Up

$933,071

Up $234,976 (+34%) from 2013

Revenue And Expenses
Liabilities / Revenue43rd percentileNet Margin44th percentile

Revenue

Up

$6,619,899

Up $1,055,007 (+19%) from 2013

Expenses

Up

$6,541,751

Up $977,008 (+18%) from 2013

Net Income

Up

$78,148

Up $77,999 (+52348%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $757,817Liabilities 2010: $505,719Net Assets 2010: $252,0982010Assets 2011: $790,866Liabilities 2011: $560,093Net Assets 2011: $230,7732011Assets 2012: $1,130,235Liabilities 2012: $899,312Net Assets 2012: $230,9232012Assets 2013: $929,167Liabilities 2013: $698,095Net Assets 2013: $231,0722013Assets 2014: $1,242,291Liabilities 2014: $933,071Net Assets 2014: $309,2202014Assets 2015: $1,966,047Liabilities 2015: $1,656,673Net Assets 2015: $309,3742015Assets 2016: $1,503,872Liabilities 2016: $1,503,871Net Assets 2016: $12016Assets 2017: $1,313,616Liabilities 2017: $1,029,762Net Assets 2017: $283,8542017Assets 2018: $1,774,789Liabilities 2018: $1,774,788Net Assets 2018: $12018Assets 2019: $1,978,402Liabilities 2019: $844,353Net Assets 2019: $1,134,0492019Assets 2020: $3,313,930Liabilities 2020: $1,063,695Net Assets 2020: $2,250,2352020

Highlighted filing

2014

Assets$1,242,291
Liabilities$933,071
Net Assets$309,220
Open 2014 Filing

Operations Trend

Revenue Growth76th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $4,879,7912010Expenses 2011: $4,713,1262011Expenses 2012: $4,990,2602012Revenue 2013: $5,564,892Expenses 2013: $5,564,743Net Income 2013: $1492013Revenue 2014: $6,619,899Expenses 2014: $6,541,751Net Income 2014: $78,1482014Revenue 2015: $7,621,166Expenses 2015: $7,621,012Net Income 2015: $1542015Revenue 2016: $7,238,504Expenses 2016: $7,547,877Net Income 2016: -$309,3732016Revenue 2017: $7,228,931Expenses 2017: $6,945,078Net Income 2017: $283,8532017Revenue 2018: $8,083,769Expenses 2018: $8,367,622Net Income 2018: -$283,8532018Revenue 2019: $7,893,666Expenses 2019: $6,756,202Net Income 2019: $1,137,4642019Revenue 2020: $7,688,889Expenses 2020: $6,572,703Net Income 2020: $1,116,1862020

Highlighted filing

2014

Revenue$6,619,899
Expenses$6,541,751
Net Income$78,148
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jan 30, 2015
Return Version
2013v4.0
Gross Receipts
$6,619,899
Mission and Program Overview

Mission

The Chicago Virtual Charter School was formed in 2006 as a tuition-free, public charter school that provides an individualized, high-quality education where parents parter with certified teacher.

The chicago virtual charter school was formed in 2006 as a tuition-free, public charter school that provides an individualized, high-quality education where parents partner with certified teachers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$486,433$565,135▲ $78,702
Accounts Receivable$143,696$398,660▲ $254,964
Savings and Temporary Cash Investments$241,689$241,835▲ $146
Prepaid Expenses and Deferred Charges$18,915$17,695▼ $1,220
Land, Buildings, and Equipment, Net$29,934$10,466▼ $19,468
Total Assets$929,167$1,242,291▲ $313,124
Other Assets Total$8,500$8,500→ $0
Liabilities
Accounts Payable and Accrued Expenses$698,095$933,071▲ $234,976
Total Liabilities$698,095$933,071▲ $234,976
Net Assets / Fund Balance
Unrestricted Net Assets$231,072$309,220▲ $78,148
Total Net Assets Fund Balance$231,072$309,220▲ $78,148
Total Liabilities and Net Assets / Fund Balance$929,167$1,242,291▲ $313,124

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,466$410,651$421,117
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Dr Earl FredrickPresident
Luz ChavezVice President
Alexander WhiteBoard Member
Alison WhiteBoard Member
Elizabeth Romero-fuerteBoard Member
Geremy CepinBoard Member
La Shone KellyBoard Member
Thomas FlowersBoard Member
Amy BiasbasHead of School
Stephanie HardensHead of School - Term
Sabrina BoyleSecretary
Michael LucciTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
K12 Classroom LLCManagement Serivces-$3,176,357
Revenue and Support

Revenue Composition

Contributions and Grants
$6,541,753
Program Service Revenue
$0
Investment Income
$146
Other Revenue
$78,000
Change in Net Assets
$78,148

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,619,899
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$118,990
Total Revenue per Audited Statements
$6,738,889
Total Revenue per Form 990
$6,619,899
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,181,434
Salaries, Compensation, and Employee Benefits$2,360,317
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,649,611--$1,649,611
Fees for Services Management-$825,390-$825,390
Information Technology$786,427--$786,427
Other Employee Benefits$710,706--$710,706
Occupancy$211,435--$211,435
Fees for Services Other$169,638$30,806-$200,444
Office Expenses$104,708$320-$105,028
Other Expenses$28,901--$28,901
Travel$23,925--$23,925
All Other Expenses$13,509$7,992-$21,501
Depreciation Depletion$19,468--$19,468
Conferences and Meetings$15,792--$15,792
Insurance$15,271--$15,271
Total Functional Expenses$5,677,243$864,508$0$6,541,751

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,660,741
Expenses per Audited Statements$6,541,751
Total Expenses per Form 990$6,541,751
Expenses Not Reported on Form 990$118,990
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Alexander white and alison white - family relationship”

Form 990, Part VI, Section A, Line 3

“The school has contracted with k12, inc., through its subsidiary, k12 classroom llc (collectively referred to as k12) to manage the school and provide educational and administrative services. The costs paid to k12 include computer leases, curriculum, educational materials, management fees, performance incentive fees, technology fees, and temporary teaching resources. Certain positions at the school are held by k12 employees, including the head of school, and may include individuals who received more than $100,000 in reportable compensation.”

Form 990, Part VI, Section B, Line 11

“Management assists in preparing and then reviews a draft copy of form 990 prepared by the school's cpa firm. An electronic copy of form 990 is provided to all board members prior to filing with the irs.”

Form 990, Part VI, Section B, Line 12C

“All employees of the school are given an employee handbook each year which discusses various policies, including conflict of interest. Management deals with any issues on a case by case basis as they arise. Board members also disclose annually interests that could give rise to conflicts. The school regularly and consistently monitors and enforces compliance with its conflict of interest policy.”

Form 990, Part VI, Section B, Line 15

“The board of directors annually review compensation levels for all employees, including comparing to comparable positions at comparable organizations.”

Form 990, Part VI, Section C, Line 19

“The school makes this information available upon request.”

Filing and Contact Details

Filer

EIN
01-0863627
Phone
3122674486

Signing Officer

Name
Michael Lucci
Title
Board President
Phone
3122674486
Signed
2015-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Biasbas
Formed
2006
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
42
Volunteers
10

Preparer

Preparer
James G Quaid
Phone
3126707444
Supplemental Narrative

Additional Explanations

FORM 990 PART IX #9 AND #10

“The school has contracted with insperity, a professional employer organization, to provide human resources services. The school pays administaff a service fee that includes both payroll taxes and employee benefits. A breakout between these amounts can not be determined.”

Financial Statement Notes

PART X, LINE 2:

“The school is a tax-exempt organization as described in section 501(c)(3) of the internal revenue code (the code) and is exempt from federal income taxes on related income pursuant to section 501(a) of the code. In addition, the internal revenue service has determined that the school is not a private foundation within the meaning of section 509(a) of the code. The school has adopted the requirements for accounting for uncertain tax positions and management has determined that the school was not required to record a liability related to uncertain tax positions as of june 30, 2014 and 2013. Federal and state tax and/or information returns of the school are subject to examinations by the internal revenue service and state taxing authorities, generally for three years after the returns were filed. Management believes that the school is no longer subject to tax examinations by taxing authorities for years ended prior to june 30, 2011.”

Raw XML AppendixShowing 400 of 429 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm1MICHAEL LUCCI
IRS990/Form990PartVIISectionAGrp/PersonNm2LUZ CHAVEZ
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt11HEAD OF SCHOOL - TERM
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IRS990/OccupancyGrp/ProgramServicesAmt0211435
IRS990/OccupancyGrp/TotalAmt0211435
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0320
IRS990/OfficeExpensesGrp/ProgramServicesAmt0104708
IRS990/OfficeExpensesGrp/TotalAmt0105028
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08500
IRS990/OtherAssetsTotalGrp/EOYAmt08500
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0710706
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0710706
IRS990/OtherExpensesGrp/Desc0CURRICULUM
IRS990/OtherExpensesGrp/Desc1EDUCATIONAL MATERIALS
IRS990/OtherExpensesGrp/Desc2SPECIAL EDUCATION SVCS
IRS990/OtherExpensesGrp/Desc3EXTRACURRICULAR ACTIVIT
IRS990/OtherExpensesGrp/ProgramServicesAmt01216793
IRS990/OtherExpensesGrp/ProgramServicesAmt1637549
IRS990/OtherExpensesGrp/ProgramServicesAmt273510
IRS990/OtherExpensesGrp/ProgramServicesAmt328901
IRS990/OtherExpensesGrp/TotalAmt01216793
IRS990/OtherExpensesGrp/TotalAmt1637549
IRS990/OtherExpensesGrp/TotalAmt273510
IRS990/OtherExpensesGrp/TotalAmt328901
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt078000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt078000
IRS990/OtherRevenueTotalAmt078000
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01649611
IRS990/OtherSalariesAndWagesGrp/TotalAmt01649611
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt018915
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017695
IRS990/PrincipalOfficerNm0AMY BIASBAS
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05472399
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0286
IRS990/PYOtherExpensesAmt03524640
IRS990/PYOtherRevenueAmt092207
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0149
IRS990/PYSalariesCompEmpBnftPaidAmt02040103
IRS990/PYTotalExpensesAmt05564743
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05564892
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt078148
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0241689
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0241835
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0118990
IRS990ScheduleD/DonatedServicesUseFcltsAmt0118990
IRS990ScheduleD/EquipmentGrp/BookValueAmt010466
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0410651
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0421117
IRS990ScheduleD/ExpensesNotReportedAmt0118990
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06541751
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt0118990
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06619899
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. IN ADDITION, THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE SCHOOL IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. THE SCHOOL HAS ADOPTED THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS AND MANAGEMENT HAS DETERMINED THAT THE SCHOOL WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2014 AND 2013. FEDERAL AND STATE TAX AND/OR INFORMATION RETURNS OF THE SCHOOL ARE SUBJECT TO EXAMINATIONS BY THE INTERNAL REVENUE SERVICE AND STATE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THE RETURNS WERE FILED. MANAGEMENT BELIEVES THAT THE SCHOOL IS NO LONGER SUBJECT TO TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS ENDED PRIOR TO JUNE 30, 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010466
IRS990ScheduleD/TotalExpensesPerForm990Amt06541751
IRS990ScheduleD/TotalRevenuePerForm990Amt06619899
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06738889
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06660741
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL FULLY DISCLOSES ITS NONDISCRIMINATORY POLICY TO ALL POTENTIAL STUDENTS. COPIES OF THIS POLICY CAN BE OBTAINED UPON REQUEST.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES FEDERAL AND STATE GRANTS THROUGH VARIOUS GOVERNMENTAL AGENCIES, INCLUDING CHICAGO PUBLIC SCHOOLS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALEXANDER WHITE AND ALISON WHITE - FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL HAS CONTRACTED WITH K12, INC., THROUGH ITS SUBSIDIARY, K12 CLASSROOM LLC (COLLECTIVELY REFERRED TO AS K12) TO MANAGE THE SCHOOL AND PROVIDE EDUCATIONAL AND ADMINISTRATIVE SERVICES. THE COSTS PAID TO K12 INCLUDE COMPUTER LEASES, CURRICULUM, EDUCATIONAL MATERIALS, MANAGEMENT FEES, PERFORMANCE INCENTIVE FEES, TECHNOLOGY FEES, AND TEMPORARY TEACHING RESOURCES. CERTAIN POSITIONS AT THE SCHOOL ARE HELD BY K12 EMPLOYEES, INCLUDING THE HEAD OF SCHOOL, AND MAY INCLUDE INDIVIDUALS WHO RECEIVED MORE THAN $100,000 IN REPORTABLE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANAGEMENT ASSISTS IN PREPARING AND THEN REVIEWS A DRAFT COPY OF FORM 990 PREPARED BY THE SCHOOL'S CPA FIRM. AN ELECTRONIC COPY OF FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL EMPLOYEES OF THE SCHOOL ARE GIVEN AN EMPLOYEE HANDBOOK EACH YEAR WHICH DISCUSSES VARIOUS POLICIES, INCLUDING CONFLICT OF INTEREST. MANAGEMENT DEALS WITH ANY ISSUES ON A CASE BY CASE BASIS AS THEY ARISE. BOARD MEMBERS ALSO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THE SCHOOL REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS ANNUALLY REVIEW COMPENSATION LEVELS FOR ALL EMPLOYEES, INCLUDING COMPARING TO COMPARABLE POSITIONS AT COMPARABLE ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE SCHOOL MAKES THIS INFORMATION AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE SCHOOL HAS CONTRACTED WITH INSPERITY, A PROFESSIONAL EMPLOYER ORGANIZATION, TO PROVIDE HUMAN RESOURCES SERVICES. THE SCHOOL PAYS ADMINISTAFF A SERVICE FEE THAT INCLUDES BOTH PAYROLL TAXES AND EMPLOYEE BENEFITS. A BREAKOUT BETWEEN THESE AMOUNTS CAN NOT BE DETERMINED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 PART IX #9 AND #10
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0929167
IRS990/TotalAssetsEOYAmt01242291
IRS990/TotalAssetsGrp/BOYAmt0929167
IRS990/TotalAssetsGrp/EOYAmt01242291
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt06541753
IRS990/TotalEmployeeCnt042
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0864508
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05677243
IRS990/TotalFunctionalExpensesGrp/TotalAmt06541751
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0698095
IRS990/TotalLiabilitiesEOYAmt0933071
IRS990/TotalLiabilitiesGrp/BOYAmt0698095
IRS990/TotalLiabilitiesGrp/EOYAmt0933071
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0231072
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0309220
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt05677243
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt078146
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06619899
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0929167
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01242291
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt023925
IRS990/TravelGrp/TotalAmt023925
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0231072
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0309220
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1038 SOUTH PEORIA STREET
IRS990/USAddress/City0CHICAGO
IRS990/USAddress/State0IL
IRS990/USAddress/ZIPCode0606072628
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.CHICAGOVCS.ORG

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,242,291
Liabilities
$933,071
Net assets
$309,220
Revenue
$6,619,899
Expenses
$6,541,751
Net income
$78,148
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$3.31$1.06$2.25$7.69$6.57$1.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.98$0.84$1.13$7.89$6.76$1.14
2018Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.77$1.77$0.00$8.08$8.37$0.28
2017Detailed filing. Detailed filing data is available for this year.$1.31$1.03$0.28$7.23$6.95$0.28
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.50$1.50$0.00$7.24$7.55$0.31
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.97$1.66$0.31$7.62$7.62$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.24$0.93$0.31$6.62$6.54$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.93$0.70$0.23$5.56$5.56$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.90$0.23$4.99
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.56$0.23$4.71
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.76$0.51$0.25$4.88
Peer Organizations

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