Communities in Schools of Chicago

“Update made to bylaws during year ending june 30, 2025 to add dissolution clause. 12.5 dissolution clause: upon the dissolution of the corporation or the winding down of its affairs, the assets shall be distributed exclusively to charitable, scientific, literary, or educational organizations which would then qualify under the provisions of section 501(c)3 of the internal revenue code and its regulations as they now exist or as they may hereafter be amended.”

“The organization does not have any committees with authority to act on behalf of the governing body.”

“Cis of chicago provides the full board with a draft copy of the completed 990 prior to filing with the irs. Board members are instructed to review the 990 and direct questions and/or comments to the treasurer. The treasurer is responsible for final review and approval as well as follow-up reporting to the full board. All board members are provided with a final copy of the return prior to filing with the irs.”

“The cis of chicago by-laws incorporate a formal conflict of interest policy that prohibits personal profit or gain by reason of board membership and sets forth a process for reporting and evaluating potential conflicts. (since cis of chicago board directors are fully independent, the potential for conflict is negligible). All directors have been apprised of and received written notice of said policy. New directors participate in a comprehensive orientation that includes the conflict of interest policy. Discussion of the policy is recurrent and ongoing.”

“Select directors, including the board chairman, currently comprise the personnel and compensation committee, which is an ad-hoc committee of the board. This group meets annually to review and assess the performance of the executive director. The evaluation process includes a review of salaries for similar titles at competitive organizations as well as a poll of the full board relative to the executive director's performance. In addition, the executive director submits a written self-evaluation and review of the organization overall.”

“The organization makes its governing documents and conflict of interest policy available to the public upon request. Financial statements are available to the public upon request and also on the organization's website.”

“Wages are reported for the 2024 calendar year (jan. 1- dec 31, 2024).”