Civic Intelligence

Chicago Tech Academy (Chitech)

990 • Fiscal year 2016 • EIN 26-0414040

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 23, 2017

Organization ProfileWWW.CHITECH.ORG
1301 W 14th StreetChicago, IL 60608

(773) 534-7299

Siviq Scores

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

Liabilities / Assets

68th percentile

0.28x

Higher debt load relative to assets than 68% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

54th percentile

0.13x

Higher debt load relative to revenue than 54% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

25th percentile

-7.6%

Higher net margin than 25% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

18th percentile

-6.2%

Faster asset growth than 18% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

20th percentile

-13%

Faster revenue growth than 20% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets68th percentile

Assets

Down

$1,948,548

Down $128,175 (-6.2%) from 2015

Net Assets

Down

$1,395,187

Down $326,195 (-19%) from 2015

Liabilities

Up

$553,361

Up $198,020 (+56%) from 2015

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin25th percentile

Revenue

Down

$4,272,229

Down $661,310 (-13%) from 2015

Expenses

Down

$4,598,424

Down $148,428 (-3.1%) from 2015

Net Income

Down

-$326,195

Down $512,882 (-275%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $599,289Liabilities 2011: $120,244Net Assets 2011: $479,0452011Assets 2012: $899,687Liabilities 2012: $225,916Net Assets 2012: $673,7712012Assets 2014: $1,962,083Liabilities 2014: $427,388Net Assets 2014: $1,534,6952014Assets 2015: $2,076,723Liabilities 2015: $355,341Net Assets 2015: $1,721,3822015Assets 2016: $1,948,548Liabilities 2016: $553,361Net Assets 2016: $1,395,1872016Assets 2017: $1,398,396Liabilities 2017: $385,550Net Assets 2017: $1,012,8462017Assets 2018: $1,009,363Liabilities 2018: $207,232Net Assets 2018: $802,1312018Assets 2020: $1,286,255Liabilities 2020: $710,868Net Assets 2020: $575,3872020Assets 2021: $1,890,756Liabilities 2021: $432,644Net Assets 2021: $1,458,1122021Assets 2022: $2,658,345Liabilities 2022: $600,835Net Assets 2022: $2,057,5102022Assets 2023: $2,603,479Liabilities 2023: $455,363Net Assets 2023: $2,148,1162023Assets 2024: $2,473,331Liabilities 2024: $198,135Net Assets 2024: $2,275,1962024

Highlighted filing

2016

Assets$1,948,548
Liabilities$553,361
Net Assets$1,395,187
Open 2016 Filing

Operations Trend

Revenue Growth20th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $2,391,5612011Expenses 2012: $3,200,9762012Revenue 2014: $4,514,741Expenses 2014: $4,025,264Net Income 2014: $489,4772014Revenue 2015: $4,933,539Expenses 2015: $4,746,852Net Income 2015: $186,6872015Revenue 2016: $4,272,229Expenses 2016: $4,598,424Net Income 2016: -$326,1952016Revenue 2017: $3,623,189Expenses 2017: $4,005,530Net Income 2017: -$382,3412017Revenue 2018: $3,238,035Expenses 2018: $3,448,750Net Income 2018: -$210,7152018Revenue 2020: $4,162,610Expenses 2020: $4,057,322Net Income 2020: $105,2882020Revenue 2021: $5,790,464Expenses 2021: $4,907,740Net Income 2021: $882,7242021Revenue 2022: $6,579,501Expenses 2022: $5,980,103Net Income 2022: $599,3982022Revenue 2023: $7,011,672Expenses 2023: $6,921,066Net Income 2023: $90,6062023Revenue 2024: $7,143,132Expenses 2024: $7,016,052Net Income 2024: $127,0802024

Highlighted filing

2016

Revenue$4,272,229
Expenses$4,598,424
Net Income-$326,195
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 23, 2017
Return Version
2015v3.0
Gross Receipts
$4,272,229
Mission and Program Overview

Mission

Educate empower and connect a diverse, next generation of entrepreneurial thinkers to discover their passions, succeed in college and careers, and thrive in a digital world.

Inspire, educate and connect a diverse, new generation of technology leaders

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,522,999$1,182,010▼ $340,989
Land, Buildings, and Equipment, Net$321,564$406,867▲ $85,303
Pledges and Grants Receivable$183,365$359,671▲ $176,306
Prepaid Expenses and Deferred Charges$48,795--
Total Assets$2,076,723$1,948,548▼ $128,175
Liabilities
Accounts Payable and Accrued Expenses$272,360$316,264▲ $43,904
Mortgage Notes Payable Secured by Investment Property$82,981$237,097▲ $154,116
Total Liabilities$355,341$553,361▲ $198,020
Net Assets / Fund Balance
Unrestricted Net Assets$1,708,882$1,317,687▼ $391,195
Temporarily Rstr Net Assets$12,500$77,500▲ $65,000
Total Net Assets Fund Balance$1,721,382$1,395,187▼ $326,195
Total Liabilities and Net Assets / Fund Balance$2,076,723$1,948,548▼ $128,175

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$368,509$405,737$774,246
Other Land Buildings$22,888$290,626$313,514
Leasehold Improvements$15,470$4,041$19,511
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Linnea GarrettSchool DirectorFT$120,560$5,765$126,325

Board Members and Trustees

NameTitle
lanCE RUSSELLChairman
Pat FordVice Chairman
Carrie KammMember
Nicole HowardMember
Patrick MccarthyMember
Ryan PollockMember
terry HOWERTONMember
Alexander LourieSecretary
Betsy YoungTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,211,876
Program Service Revenue
$51,658
Investment Income
$0
Other Revenue
$8,695
All Other Contributions
$376,274
Change in Net Assets
$-326,195

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,272,229
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$570,091
Total Revenue per Audited Statements
$4,842,320
Total Revenue per Form 990
$4,272,229
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,144,146
Other Expenses$1,454,278
Total Fundraising Expense$117,159
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,355,827$107,404$77,288$2,540,519
Fees for Services Other$391,797$32,856$1,708$426,361
Occupancy$246,355$11,150$7,964$265,469
Payroll Taxes$244,836$11,012$7,826$263,674
Depreciation Depletion$178,589$8,083$5,773$192,445
Other Employee Benefits$142,679$6,508$4,678$153,865
Current Officers, Directors, Trustees, and Key Employees$126,590$5,775$4,150$136,515
Conferences and Meetings$58,419$22,334$1,888$82,641
Office Expenses$62,443$2,896$1,918$67,257
Insurance$54,566$2,469$1,764$58,799
Pension Plan Contributions$45,969$2,098$1,506$49,573
Fees for Services Accounting-$18,530-$18,530
Interest$17,274--$17,274
All Other Expenses$11,270$1,173$282$12,725
Other Expenses$11,301$576$414$11,301
Fees for Services Legal-$2,414-$2,414
Total Functional Expenses$4,245,987$235,278$117,159$4,598,424

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,168,515
Expenses per Audited Statements$4,598,424
Total Expenses per Form 990$4,598,424
Expenses Not Reported on Form 990$570,091
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
Yes
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 A, line 4

“The organization updated its bylaws during the year to reflect various changes including... 1. The total number of board members was increased from 5-12 board members to 5-17 board members. 2. The executive director and vice chair positions were removed as officers and the school director position was added as an officer.”

Form 990, Part VI, Section B, line 11

“The Form 990 will be completed annually as required by applicable law and copies will be provided to the ChiTech Chairman, Treasurer and Secretary ("Review Board") for review. The Review Board will review the Form 990 with the Audit and Investment Committee. Any necessary changes will then be updated on the form. Once all necessary changes are made and the ChiTech School Director is in agreement with the Audit and Investment committee and Review Board about the finished Form 990, it will be signed by the ChiTech School Director, dated and submitted by the filing deadline. A copy of the approved Form 990 will be provided to all of the ChiTech officers and directors. A file copy will be maintained by ChiTech.”

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

“All members on the governing body are aware of the conflict of interest policy and are required to report to the chair and executive director if a potential conflict arises.”

Form 990, Part VI, Section B, line 15

“The board of directors participate in determining compensation, which includes benchmarking with similar schools and a review by the compensation committee of the board.”

Form 990, Part VI, Section C, line 19

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

Filing and Contact Details

Filer

Filer Name
Chicago Tech Academy (chitech)
EIN
26-0414040
Phone
7735347299
Address
1301 W 14TH STREET, CHICAGO, IL 60608

Signing Officer

Name
Linnea Garrett
Title
School Director
Phone
7735347299
Signed
2017-02-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linnea Garrett
Formed
2007
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
64
Volunteers
150

Preparer

Firm
Ostrow Reisin Berk & Abrams
Address
455 N CITYFRONT PLAZA DRIVE SUITE, 1500, CHICAGO, IL 60611-5313
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 has determined that the Organization is not a private foundation within the meaning of Section 509(a) of the Code. The Organization has adopted the requirements for accounting for uncertain tax positions and management has determined that the Organization was not required to record a liability related to uncertain tax positions as of June 30, 2016 and 2015.”

Raw XML AppendixShowing 400 of 453 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0272360
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0316264
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0INSPIRE, EDUCATE AND CONNECT A DIVERSE, NEW GENERATION OF TECHNOLOGY LEADERS
IRS990/AllOtherContributionsAmt0376274
IRS990/AllOtherExpensesGrp/FundraisingAmt0282
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01173
IRS990/AllOtherExpensesGrp/ProgramServicesAmt011270
IRS990/AllOtherExpensesGrp/TotalAmt012725
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0LINNEA GARRETT
IRS990/BooksInCareOfDetail/PhoneNum07735347299
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01301 W 14th Street
IRS990/BooksInCareOfDetail/USAddress/CityNm0Chicago
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd060608
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt01522999
IRS990/CashNonInterestBearingGrp/EOYAmt01182010
IRS990/ChangeToOrgDocumentsInd01
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt04150
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt05775
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0126590
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0136515
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/FundraisingAmt01888
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt022334
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt058419
IRS990/ConferencesMeetingsGrp/TotalAmt082641
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt04211876
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt01454278
IRS990/CYOtherRevenueAmt08695
IRS990/CYProgramServiceRevenueAmt051658
IRS990/CYRevenuesLessExpensesAmt0-326195
IRS990/CYSalariesCompEmpBnftPaidAmt03144146
IRS990/CYTotalExpensesAmt04598424
IRS990/CYTotalFundraisingExpenseAmt0117159
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04272229
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/FundraisingAmt05773
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt08083
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0178589
IRS990/DepreciationDepletionGrp/TotalAmt0192445
IRS990/Desc0Chicago Tech Academy is a non-profit, open enrollment, four-year contract school that was founded in 2009 to inspire, educate and connect a diverse new generation of technology leaders in Chicago. Chicago Tech Academy recruits and develops students who are motivated by the life-changing potential of technologystudents who are excited to become tomorrow's innovators by building rewarding relationships within the tech industry and learning the skills necessary for real-world success.ChiTech's mission is to address racial, gender and socioeconomic inequality that exists in the technology industry by closing the opportunity gap. All students take rigorous technology, math, science and entrepreneurship courses, providing exposure to HTML, CSS, Ruby, jQuery, networking, video editing. This type of curriculum is not often provided to low income students.Our student demographics consist of the following: 300 students Grades 9 - 12 76% Black 19% Hispanic 91% Low income 21% Special education 10% HomelessOur school-wide outcomes include the following: 72% 4-year cohort graduation rate 77% freshmen-on-track to graduate 60% college enrollment rate 26% students earning early college credit 1% dropout rate ACT growth is below median Highest ratings in CPS for teacher collaboration and quality professional development Finalists in city-wide entrepreneurship challenge 4 of 5 yearsBelow is a summary of our use of financial resources: Donors help fund over 38% of the total cost of educating our students Even with CPS, State and Federal Funding a $4,000 funding gap exists per student Acquisition of computers and other technology is funded through donors Academic programs such as High Tech High and Project Based Learning are funded through grants and donor contributions 2016-2017 Fundraising Goal - $450,000. This will help to fill the gap in our budget.Chicago Tech Academy provides students a life changing high school experience. Unlike any other school in the city, we provide students with a 4 year, rigorous computer science curriculum with the ultimate goal of preparing student for college studies in the field of computer science and eventually careers in the field.How do we do it? Project Based Learning A teaching method in which students gain knowledge and skills by working for an extended period of time to investigate and respond to an engaging and complex question, problem or challenge. Projects rooted in sustained inquiry, authenticity, student voice and choice, reflection, and public presentations of learning. STEM Education (Science, Engineering, Math, and Technology) Real World Experiences 100% of ChiTech Seniors will spend the month of February on internships Meaningful corporate partnerships: speakers, field trips, projects Entrepreneurial PrinciplesChicago Tech's mission is about changing the lives of those who will change the world. While there is obviously a benefit to students who attend, in terms of future financial success and stability, harder to measure is the potential future benefit for our society and economy. The greatest potential for our inner-city kids is not as the next generation of entry level workers, but as the next generation ofleadersentrepreneurs and professionalswho will influence the development of new products, services and businesses, and determine how capital and technology are deployed. We're confident that the novelty of the solutions our students develop will be matched by the uniqueness of the challenges they have faced, and of the circumstances of their upbringing. This is what makes education the ultimate disruptive technology and this is what sets us apart.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt064
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt04245987
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt018530
IRS990/FeesForServicesAccountingGrp/TotalAmt018530
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt02414
IRS990/FeesForServicesLegalGrp/TotalAmt02414
IRS990/FeesForServicesOtherGrp/FundraisingAmt01708
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt032856
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0391797
IRS990/FeesForServicesOtherGrp/TotalAmt0426361
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt010.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt95765
IRS990/Form990PartVIISectionAGrp/PersonNm0lanCE RUSSELL
IRS990/Form990PartVIISectionAGrp/PersonNm1BETSY YOUNG
IRS990/Form990PartVIISectionAGrp/PersonNm2ALEXANDER LOURIE
IRS990/Form990PartVIISectionAGrp/PersonNm3PAT FORD
IRS990/Form990PartVIISectionAGrp/PersonNm4NICOLE HOWARD
IRS990/Form990PartVIISectionAGrp/PersonNm5terry HOWERTON
IRS990/Form990PartVIISectionAGrp/PersonNm6CARRIE KAMM
IRS990/Form990PartVIISectionAGrp/PersonNm7RYAN POLLOCK
IRS990/Form990PartVIISectionAGrp/PersonNm8PATRICK MCCARTHY
IRS990/Form990PartVIISectionAGrp/PersonNm9LINNEA GARRETT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9120560
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9SCHOOL DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02007
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt03835602
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt04272229
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt01764
IRS990/InsuranceGrp/ManagementAndGeneralAmt02469
IRS990/InsuranceGrp/ProgramServicesAmt054566
IRS990/InsuranceGrp/TotalAmt058799
IRS990/InterestGrp/ProgramServicesAmt017274
IRS990/InterestGrp/TotalAmt017274
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt018
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0700404
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0321564
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0406867
IRS990/LandBldgEquipCostOrOtherBssAmt01107271
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0INSPIRE, EDUCATE AND CONNECT A DIVERSE, NEW GENERATION OF TECHNOLOGY LEADERS
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt082981
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0237097
IRS990/NetAssetsOrFundBalancesBOYAmt01721382
IRS990/NetAssetsOrFundBalancesEOYAmt01395187
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt07964
IRS990/OccupancyGrp/ManagementAndGeneralAmt011150
IRS990/OccupancyGrp/ProgramServicesAmt0246355
IRS990/OccupancyGrp/TotalAmt0265469
IRS990/OfficeExpensesGrp/FundraisingAmt01918
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02896
IRS990/OfficeExpensesGrp/ProgramServicesAmt062443
IRS990/OfficeExpensesGrp/TotalAmt067257
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt04678
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06508
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0142679
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0153865
IRS990/OtherExpensesGrp/Desc0CLASSROOM SUPPLIES
IRS990/OtherExpensesGrp/Desc1CPS ADMINISTRATIVE FEE
IRS990/OtherExpensesGrp/Desc2OTHER PERSONNEL COSTS
IRS990/OtherExpensesGrp/Desc3STUDENT UNIFORMS
IRS990/OtherExpensesGrp/FundraisingAmt0414
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0576
IRS990/OtherExpensesGrp/ProgramServicesAmt0193169
IRS990/OtherExpensesGrp/ProgramServicesAmt192132
IRS990/OtherExpensesGrp/ProgramServicesAmt212771
IRS990/OtherExpensesGrp/ProgramServicesAmt311301
IRS990/OtherExpensesGrp/TotalAmt0193169
IRS990/OtherExpensesGrp/TotalAmt192132
IRS990/OtherExpensesGrp/TotalAmt213761
IRS990/OtherExpensesGrp/TotalAmt311301
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt08695
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt08695
IRS990/OtherRevenueTotalAmt08695
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt077288
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0107404
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02355827
IRS990/OtherSalariesAndWagesGrp/TotalAmt02540519
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt07826
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011012
IRS990/PayrollTaxesGrp/ProgramServicesAmt0244836
IRS990/PayrollTaxesGrp/TotalAmt0263674
IRS990/PensionPlanContributionsGrp/FundraisingAmt01506
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02098
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt045969
IRS990/PensionPlanContributionsGrp/TotalAmt049573
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0183365
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0359671
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt048795
IRS990/PrincipalOfficerNm0LINNEA GARRETT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt051658
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt051658
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04861730
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01757426
IRS990/PYOtherRevenueAmt010114
IRS990/PYProgramServiceRevenueAmt061695
IRS990/PYRevenuesLessExpensesAmt0186687
IRS990/PYSalariesCompEmpBnftPaidAmt02961861
IRS990/PYTotalExpensesAmt04746852
IRS990/PYTotalProfFndrsngExpnsAmt027565
IRS990/PYTotalRevenueAmt04933539
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-326195
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt051658
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04211876
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt04861730
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt04452947
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03963588
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03363912
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt020854053
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0244501
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt08695
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt010114
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt06475
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt04804
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01809
IRS990ScheduleA/OtherIncome170Grp/TotalAmt031897
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99850
IRS990ScheduleA/PublicSupportPY170Pct00.98010
IRS990ScheduleA/PublicSupportTotal170Amt020854053
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04211876
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt04861730
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt04452947
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03963588
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03363912
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt020854053
IRS990ScheduleA/TotalSupportAmt020885950
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/DonatedServicesAndUseFcltsAmt0570091
IRS990ScheduleD/DonatedServicesUseFcltsAmt0570091
IRS990ScheduleD/EquipmentGrp/BookValueAmt0368509
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0405737
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0774246
IRS990ScheduleD/ExpensesNotReportedAmt0570091
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04598424
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt015470
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04041
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt019511
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt022888
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0290626
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0313514
IRS990ScheduleD/RevenueNotReportedAmt0570091
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04272229
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 Organization is not a private foundation within the meaning of Section 509(a) of the Code. The Organization has adopted the requirements for accounting for uncertain tax positions and management has determined that the Organization was not required to record a liability related to uncertain tax positions as of June 30, 2016 and 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0406867
IRS990ScheduleD/TotalExpensesPerForm990Amt04598424
IRS990ScheduleD/TotalRevenuePerForm990Amt04272229
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04842320
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05168515
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION UPDATED ITS BYLAWS DURING THE YEAR TO REFLECT VARIOUS CHANGES INCLUDING... 1. THE TOTAL NUMBER OF BOARD MEMBERS WAS INCREASED FROM 5-12 BOARD MEMBERS TO 5-17 BOARD MEMBERS. 2. THE EXECUTIVE DIRECTOR AND VICE CHAIR POSITIONS WERE REMOVED AS OFFICERS AND THE SCHOOL DIRECTOR POSITION WAS ADDED AS AN OFFICER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 will be completed annually as required by applicable law and copies will be provided to the ChiTech Chairman, Treasurer and Secretary ("Review Board") for review. The Review Board will review the Form 990 with the Audit and Investment Committee. Any necessary changes will then be updated on the form. Once all necessary changes are made and the ChiTech School Director is in agreement with the Audit and Investment committee and Review Board about the finished Form 990, it will be signed by the ChiTech School Director, dated and submitted by the filing deadline. A copy of the approved Form 990 will be provided to all of the ChiTech officers and directors. A file copy will be maintained by ChiTech.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL MEMBERS ON THE GOVERNING BODY ARE AWARE OF THE CONFLICT OF INTEREST POLICY AND ARE REQUIRED TO REPORT TO THE CHAIR AND EXECUTIVE DIRECTOR IF A POTENTIAL CONFLICT ARISES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS PARTICIPATE IN DETERMINING COMPENSATION, WHICH INCLUDES BENCHMARKING WITH SIMILAR SCHOOLS AND A REVIEW BY THE COMPENSATION COMMITTEE OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt012500
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt077500
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02076723
IRS990/TotalAssetsEOYAmt01948548
IRS990/TotalAssetsGrp/BOYAmt02076723
IRS990/TotalAssetsGrp/EOYAmt01948548
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt04211876
IRS990/TotalEmployeeCnt064
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0117159
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0235278
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04245987
IRS990/TotalFunctionalExpensesGrp/TotalAmt04598424
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0355341
IRS990/TotalLiabilitiesEOYAmt0553361
IRS990/TotalLiabilitiesGrp/BOYAmt0355341
IRS990/TotalLiabilitiesGrp/EOYAmt0553361
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01721382
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01395187
IRS990/TotalOtherCompensationAmt05765
IRS990/TotalProgramServiceExpensesAmt04245987

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,948,548
Liabilities
$553,361
Net assets
$1,395,187
Revenue
$4,272,229
Expenses
$4,598,424
Net income
-$326,195
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.47$0.20$2.28$7.14$7.02$0.13
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.60$0.46$2.15$7.01$6.92$0.09
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.66$0.60$2.06$6.58$5.98$0.60
2021Detailed filing. Detailed filing data is available for this year.$1.89$0.43$1.46$5.79$4.91$0.88
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.29$0.71$0.58$4.16$4.06$0.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$0.21$0.80$3.24$3.45$0.21
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.40$0.39$1.01$3.62$4.01$0.38
2016Detailed filing. Detailed filing data is available for this year.$1.95$0.55$1.40$4.27$4.60$0.33
2015Detailed filing. Detailed filing data is available for this year.$2.08$0.36$1.72$4.93$4.75$0.19
2014Detailed filing. Detailed filing data is available for this year.$1.96$0.43$1.53$4.51$4.03$0.49
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.23$0.67$3.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.12$0.48$2.39