Pactt Learning Center

“Both the executive director and representatives from the keystone alliance review a draft of the form 990 and make the necessary revisions. The draft is then forwarded to at least one member of the board for their review. Once comments and questions have been addressed, the form 990 is finalized.”

“Compensation is determined by the board of directors by use of reviewing salary surveys and a compensation study of similar size/type of organizations' compensation.”

“The organization's governing documents, conflict of interest policy, and financial statements are available upon written request.”

“The board members receive a booklet containing the organization's conflict of interest policy. Board members disclose to the board any conflicts of interest that may arise during their term as a board member.”

“The organization has a management services contract with keystone alliance (a 501(c)(3) organization).”

“Pactt transition program - pactt's transition program is an isbe-approved nonpublic school program (2009). The transition program carries out the pactt mission with a specific emphasis on providing intensive personalized education and support for students as they enter adult life. Our 3:2 students:staff ratio supports students in becoming active individuals in their community and in developing the skills necessary for increased independence at home, work and in their communities as they transition into adulthood. Pactt vocational services - pactt's model program enables adults with autism to join the working world. Through the active collaboration with partner/employers, pactt vocational services offers ongoing intensive education and support so individuals with autism can learn job skills, become gainfully employed and experience rewarding lives. Members work in a variety of wage-earning and volunteer jobs. In the fall of 2017, pactt opened a brand new vocational site in river forest serving adults with autism.”

“Lender: wintrust bank original amount: $890,000 interest rate: 4.5000% date of note: 01/15/2013 maturity of note: 01/15/2028 repayment terms: monthly pmts of $5,003 & final pmt due jan 2028 security provided: by residential property of the organization purpose of loan: mortgage beginning balance due................................... 634,481 ending balance due...................................... 602,810 lender: wintrust bank original amount: $400,000 interest rate: 6.5000% date of note: 03/31/2023 maturity of note: 03/31/2028 repayment terms: monthly pmts of $1,667 & final pmt due mar 2028 security provided: by residential property of the organization purpose of loan: mortgage beginning balance due................................... 395,000 ending balance due...................................... 376,667 lender: wintrust bank original amount: $300,000 interest rate: 6.5000% date of note: 01/15/2023 maturity of note: 01/15/2028 repayment terms: monthly pmts of $1,250 & final pmt due jan 2028 security provided: by residential property of the organization beginning balance due................................... 293,750 ending balance due...................................... 278,750 total beginning mortgages and other notes payable 1,323,231 total ending mortgages and other notes payable 1,258,227”