Civic Intelligence

Polaris Charter Academy

990 • Fiscal year 2014 • EIN 01-0874029

Jul 01, 2013 to Jun 30, 2014 • Filed on Mar 27, 2015

Organization ProfileWWW.PCACHICAGO.ORG

View Organization Page

620 North Sawyer AvenueChicago, IL 60624-1528

(773) 534-0820

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.03x

Higher debt load relative to assets than 33% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

20th percentile

0.01x

Higher debt load relative to revenue than 20% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

71st percentile

12%

Higher net margin than 71% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

82nd percentile

$140,117

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

92nd percentile

53%

Faster asset growth than 92% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

80th percentile

27%

Faster revenue growth than 80% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$1,683,153

Up $583,725 (+53%) from 2013

Net Assets

Up

$1,635,229

Up $588,861 (+56%) from 2013

Liabilities

Down

$47,924

Down $5,136 (-9.7%) from 2013

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin71st percentile

Revenue

Up

$4,790,895

Up $1,021,772 (+27%) from 2013

Expenses

Up

$4,202,034

Up $643,498 (+18%) from 2013

Net Income

Up

$588,861

Up $378,274 (+180%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth92nd 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: $909,481Liabilities 2010: $71,550Net Assets 2010: $837,9312010Assets 2011: $901,845Liabilities 2011: $12,132Net Assets 2011: $889,7132011Assets 2012: $839,588Liabilities 2012: $3,807Net Assets 2012: $835,7812012Assets 2013: $1,099,428Liabilities 2013: $53,060Net Assets 2013: $1,046,3682013Assets 2014: $1,683,153Liabilities 2014: $47,924Net Assets 2014: $1,635,2292014Assets 2015: $1,732,971Liabilities 2015: $23,941Net Assets 2015: $1,709,0302015Assets 2016: $1,752,170Liabilities 2016: $61,837Net Assets 2016: $1,690,3332016Assets 2017: $1,928,061Liabilities 2017: $46,269Net Assets 2017: $1,881,7922017Assets 2018: $2,217,539Liabilities 2018: $40,368Net Assets 2018: $2,177,1712018Assets 2019: $2,476,470Liabilities 2019: $65,840Net Assets 2019: $2,410,6302019Assets 2020: $3,397,758Liabilities 2020: $914,519Net Assets 2020: $2,483,2392020Assets 2021: $3,374,393Liabilities 2021: $68,295Net Assets 2021: $3,306,0982021Assets 2022: $3,753,040Liabilities 2022: $280,105Net Assets 2022: $3,472,9352022Assets 2023: $3,012,188Liabilities 2023: $102,333Net Assets 2023: $2,909,8552023Assets 2024: $2,680,354Liabilities 2024: $88,676Net Assets 2024: $2,591,6782024Assets 2025: $2,199,493Liabilities 2025: $85,730Net Assets 2025: $2,113,7632025

Highlighted filing

2014

Assets$1,683,153
Liabilities$47,924
Net Assets$1,635,229
Open 2014 Filing

Operations Trend

Revenue Growth80th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,102,5752010Revenue 2011: $2,584,088Expenses 2011: $2,532,306Net Income 2011: $51,7822011Expenses 2012: $3,135,1812012Revenue 2013: $3,769,123Expenses 2013: $3,558,536Net Income 2013: $210,5872013Revenue 2014: $4,790,895Expenses 2014: $4,202,034Net Income 2014: $588,8612014Revenue 2015: $4,752,133Expenses 2015: $4,678,332Net Income 2015: $73,8012015Revenue 2016: $4,839,239Expenses 2016: $4,857,936Net Income 2016: -$18,6972016Revenue 2017: $4,975,595Expenses 2017: $4,784,136Net Income 2017: $191,4592017Revenue 2018: $5,197,732Expenses 2018: $4,902,353Net Income 2018: $295,3792018Revenue 2019: $5,361,152Expenses 2019: $5,127,693Net Income 2019: $233,4592019Revenue 2020: $5,467,349Expenses 2020: $5,394,740Net Income 2020: $72,6092020Revenue 2021: $6,296,349Expenses 2021: $5,473,490Net Income 2021: $822,8592021Revenue 2022: $6,074,897Expenses 2022: $5,908,060Net Income 2022: $166,8372022Revenue 2023: $5,853,495Expenses 2023: $6,416,575Net Income 2023: -$563,0802023Revenue 2024: $5,827,963Expenses 2024: $6,146,140Net Income 2024: -$318,1772024Revenue 2025: $6,028,539Expenses 2025: $6,506,454Net Income 2025: -$477,9152025

Highlighted filing

2014

Revenue$4,790,895
Expenses$4,202,034
Net Income$588,861
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Mar 27, 2015
Return Version
2013v4.0
Gross Receipts
$4,802,876
Mission and Program Overview

Mission

To organize and operate a charter school in chicago, il and engage in other education activities permissable under section 501(c)(3) of the internal revenue code of 1986.

To educate students to be self-motivated, creative, critical thinkers, with the ultimate goal of shaping life-long learners and citizens with a strong sense of personal and civic responsibility.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$620,239$1,136,487▲ $516,248
Land, Buildings, and Equipment, Net$237,566$247,459▲ $9,893
Accounts Receivable$110,404$150,474▲ $40,070
Cash and Non-Interest-Bearing Accounts$13,543$75,814▲ $62,271
Pledges and Grants Receivable$100,000$50,000▼ $50,000
Prepaid Expenses and Deferred Charges$17,676$22,919▲ $5,243
Total Assets$1,099,428$1,683,153▲ $583,725
Liabilities
Accounts Payable and Accrued Expenses$53,060$47,924▼ $5,136
Total Liabilities$53,060$47,924▼ $5,136
Net Assets / Fund Balance
Unrestricted Net Assets$544,693$1,204,398▲ $659,705
Temporarily Rstr Net Assets$501,675$430,831▼ $70,844
Total Net Assets Fund Balance$1,046,368$1,635,229▲ $588,861
Total Liabilities and Net Assets / Fund Balance$1,099,428$1,683,153▲ $583,725

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$179,636$348,371$528,007
Leasehold Improvements$67,823$39,861$107,684
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michelle NavarreHead of School/memberFT$124,531$15,586$140,117
Carol ClavadetscherDirector of Operations & FinanceFT$67,500$2,760$70,260

Board Members and Trustees

NameTitle
Uday KhedkarBoard President
Arun BhatiaMember
Joel PomerenkMember
Kameron MatthewsMember
Michaeh JohnsonMember
Travis SwoopeMember
Greg BorkowskiMember - Term
Keecia BroyMember - Term
Susan AnsaiMember - Term
Sarah WalkerSecretary
Darren SnyderTreasurer - Term
Revenue and Support

Revenue Composition

Contributions and Grants
$4,486,065
Program Service Revenue
$275,707
Investment Income
$1,941
Other Revenue
$27,182
All Other Contributions
$590,301
Change in Net Assets
$588,861

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,790,895
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$625,152
Total Revenue per Audited Statements
$5,416,047
Total Revenue per Form 990
$4,790,895
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,284,233
Other Expenses$917,801
Total Fundraising Expense$79,292
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,361,653$73,775$41,140$2,476,568
Pension Plan Contributions$217,488$21,748$2,416$241,652
Current Officers, Directors, Trustees, and Key Employees$87,964$119,685$10,185$217,834
Other Employee Benefits$195,325$19,533$2,170$217,028
Payroll Taxes$118,035$11,804$1,312$131,151
Other Expenses$85,704$9,555$4,813$100,072
Occupancy$82,632$7,346$1,836$91,814
Depreciation Depletion$69,321$6,162$1,540$77,023
All Other Expenses$46,844$13,378$10,007$70,229
Fees for Services Other$42,390$5,821$618$48,829
Insurance$30,609$2,721$680$34,010
Office Expenses$12,248$13,213$2,575$28,036
Fees for Services Accounting-$19,365-$19,365
Information Technology$1,119$3,074-$4,193
Total Functional Expenses$3,795,562$327,180$79,292$4,202,034

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,827,186
Expenses per Audited Statements$4,202,034
Total Expenses per Form 990$4,202,034
Expenses Not Reported on Form 990$625,152
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$11,981
Fundraising Gross Income$3,750
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$60,049$3,750$11,981$-8,231
Total Events$60,049$3,750$11,981$-8,231
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
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The director of operations and finance reviews and assists in the preparation and review of form 990 with the school's cpa firm. A draft is then provided to the finance committee for final review. Once approved by the finance committee, the final form 990 is provided to the full board and then is filed with the irs.”

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

“Management reviews any new significant contracts with the board to ensure adherence to the school's conflict of interest policy.”

Form 990, Part VI, Section B, Line 15

“Salaries for all key employees and teachers are reviewed on an annual basis. The board of directors compares salaries to other chicago public schools before making final determinations.”

Form 990, Part VI, Section C, Line 19

“The school makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

EIN
01-0874029
Phone
7735340820

Signing Officer

Name
Michelle Navarre
Title
Head of School
Phone
7735340820
Signed
2015-03-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michelle Navarre
Formed
2006
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
9
Employees
92
Volunteers
250

Preparer

Preparer
James G Quaid
Phone
3126707444
Supplemental Narrative

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 (irs) 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 examination by the irs or state taxing authorities, generally for three years after the returns were filed. Management believes that the school is no longer subject to income tax examinations by taxing authorities for years ended prior to june 30, 2011.”

Raw XML AppendixShowing 400 of 487 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/Desc0WE ARE A K-8 CHARTER SCHOOL THAT OPENED IN THE FALL OF2007 IN THE CHICAGO NEIGHBORHOOD OF HUMBOLDT PARK. AS ANOFFICIAL EXPEDITIONARY LEARNING SCHOOL, OUR MODEL ISLEARNING BY DOING. THE MISSION OF POLARIS CHARTER ACADEMYIS TO EDUCATE STUDENTS TO BE SELF-MOTIVATED, CREATIVE, CRITICAL THINKERS, WITH THE ULTIMATE GOAL OF SHAPING LIFE-LONG LEARNERS AND CITIZENS WITH A STRONG SENSE OF PERSONAL AND CIVIC RESPONSIBILITY. DURING THE YEAR ENDED JUNE 30, 2014, THE SCHOOL SERVED 436 STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER - TERM
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt04802876
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt03074
IRS990/InformationTechnologyGrp/ProgramServicesAmt01119
IRS990/InformationTechnologyGrp/TotalAmt04193
IRS990/InsuranceGrp/FundraisingAmt0680
IRS990/InsuranceGrp/ManagementAndGeneralAmt02721
IRS990/InsuranceGrp/ProgramServicesAmt030609
IRS990/InsuranceGrp/TotalAmt034010
IRS990/InvestmentIncomeGrp/ExclusionAmt01941
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01941
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0388232
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0237566
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0247459
IRS990/LandBldgEquipCostOrOtherBssAmt0635691
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ORGANIZE AND OPERATE A CHARTER SCHOOL IN CHICAGO,IL AND ENGAGE IN OTHER EDUCATION ACTIVITIES PERMISSABLE UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01046368
IRS990/NetAssetsOrFundBalancesEOYAmt01635229
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-8231
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-8231
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt01836
IRS990/OccupancyGrp/ManagementAndGeneralAmt07346
IRS990/OccupancyGrp/ProgramServicesAmt082632
IRS990/OccupancyGrp/TotalAmt091814
IRS990/OfficeExpensesGrp/FundraisingAmt02575
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt013213
IRS990/OfficeExpensesGrp/ProgramServicesAmt012248
IRS990/OfficeExpensesGrp/TotalAmt028036
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02170
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt019533
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0195325
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0217028
IRS990/OtherExpensesGrp/Desc0FOOD PROGRAM COSTS
IRS990/OtherExpensesGrp/Desc1OTHER DIRECT STUDENT CO
IRS990/OtherExpensesGrp/Desc2CLASSROOM SUPPLIES
IRS990/OtherExpensesGrp/Desc3STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/FundraisingAmt04813
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09555
IRS990/OtherExpensesGrp/ProgramServicesAmt0218231
IRS990/OtherExpensesGrp/ProgramServicesAmt1122578
IRS990/OtherExpensesGrp/ProgramServicesAmt2103421
IRS990/OtherExpensesGrp/ProgramServicesAmt385704
IRS990/OtherExpensesGrp/TotalAmt0218231
IRS990/OtherExpensesGrp/TotalAmt1122578
IRS990/OtherExpensesGrp/TotalAmt2103421
IRS990/OtherExpensesGrp/TotalAmt3100072
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt035413
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt035413
IRS990/OtherRevenueTotalAmt035413
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt041140
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt073775
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02361653
IRS990/OtherSalariesAndWagesGrp/TotalAmt02476568
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01312
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011804
IRS990/PayrollTaxesGrp/ProgramServicesAmt0118035
IRS990/PayrollTaxesGrp/TotalAmt0131151
IRS990/PensionPlanContributionsGrp/FundraisingAmt02416
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt021748
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0217488
IRS990/PensionPlanContributionsGrp/TotalAmt0241652
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0100000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt050000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt017676
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt022919
IRS990/PrincipalOfficerNm0MICHELLE NAVARRE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0FOOD PROGRAM
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT ACTIVITY FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0225786
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt149921
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0225786
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt149921
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03430630
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01648
IRS990/PYOtherExpensesAmt0962688
IRS990/PYOtherRevenueAmt05052
IRS990/PYProgramServiceRevenueAmt0331793
IRS990/PYRevenuesLessExpensesAmt0210587
IRS990/PYSalariesCompEmpBnftPaidAmt02595848
IRS990/PYTotalExpensesAmt03558536
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03769123
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0588861
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0275707
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0620239
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01136487
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0625152
IRS990ScheduleD/DonatedServicesUseFcltsAmt0625152
IRS990ScheduleD/EquipmentGrp/BookValueAmt0179636
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0348371
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0528007
IRS990ScheduleD/ExpensesNotReportedAmt0625152
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04202034
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt067823
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt039861
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0107684
IRS990ScheduleD/RevenueNotReportedAmt0625152
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04790895
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 (IRS) 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 EXAMINATION BY THE IRS OR STATE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THE RETURNS WERE FILED. MANAGEMENT BELIEVES THAT THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS ENDED PRIOR TO JUNE 30, 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0247459
IRS990ScheduleD/TotalExpensesPerForm990Amt04202034
IRS990ScheduleD/TotalRevenuePerForm990Amt04790895
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05416047
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04827186
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 HAS A NONDISCRIMINATORY POLICY. A COPY IS AVAILABLE UPON REQUEST.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES PER CAPITA TUITION THROUGH CHICAGO PUBLIC SCHOOLS AND GRANTS THROUGH FEDERAL AND STATE GOVERNMENTAL AGENCIES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt056299
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt056299
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt011981
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt060049
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt060049
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt03750
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt03750
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0CELEBRATING THE JOURNEY
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-8231
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt011981
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt011981
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE DIRECTOR OF OPERATIONS AND FINANCE REVIEWS AND ASSISTS IN THE PREPARATION AND REVIEW OF FORM 990 WITH THE SCHOOL'S CPA FIRM. A DRAFT IS THEN PROVIDED TO THE FINANCE COMMITTEE FOR FINAL REVIEW. ONCE APPROVED BY THE FINANCE COMMITTEE, THE FINAL FORM 990 IS PROVIDED TO THE FULL BOARD AND THEN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT REVIEWS ANY NEW SIGNIFICANT CONTRACTS WITH THE BOARD TO ENSURE ADHERENCE TO THE SCHOOL'S CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SALARIES FOR ALL KEY EMPLOYEES AND TEACHERS ARE REVIEWED ON AN ANNUAL BASIS. THE BOARD OF DIRECTORS COMPARES SALARIES TO OTHER CHICAGO PUBLIC SCHOOLS BEFORE MAKING FINAL DETERMINATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,683,153
Liabilities
$47,924
Net assets
$1,635,229
Revenue
$4,790,895
Expenses
$4,202,034
Net income
$588,861
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.20$0.09$2.11$6.03$6.51$0.48
2024Detailed filing. Detailed filing data is available for this year.$2.68$0.09$2.59$5.83$6.15$0.32
2023Detailed filing. Detailed filing data is available for this year.$3.01$0.10$2.91$5.85$6.42$0.56
2022Detailed filing. Detailed filing data is available for this year.$3.75$0.28$3.47$6.07$5.91$0.17
2021Detailed filing. Detailed filing data is available for this year.$3.37$0.07$3.31$6.30$5.47$0.82
2020Detailed filing. Detailed filing data is available for this year.$3.40$0.91$2.48$5.47$5.39$0.07
2019Detailed filing. Detailed filing data is available for this year.$2.48$0.07$2.41$5.36$5.13$0.23
2018Detailed filing. Detailed filing data is available for this year.$2.22$0.04$2.18$5.20$4.90$0.30
2017Detailed filing. Detailed filing data is available for this year.$1.93$0.05$1.88$4.98$4.78$0.19
2016Detailed filing. Detailed filing data is available for this year.$1.75$0.06$1.69$4.84$4.86$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.73$0.02$1.71$4.75$4.68$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.68$0.05$1.64$4.79$4.20$0.59
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.05$1.05$3.77$3.56$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$0.00$0.84$3.14
2011Summary only. Only limited summary data is available for this year.$0.90$0.01$0.89$2.58$2.53$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$0.07$0.84$2.10