Civic Intelligence

Lawndale Educational and Regional Network Charter School

990 • Fiscal year 2020 • EIN 36-4439074

Jul 01, 2019 to Jun 30, 2020 • Filed on May 14, 2021

3021 W Carroll AvenueChicago, IL 60612

(773) 358-3908

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.42x

Higher debt load relative to assets than 63% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

46th percentile

0.37x

Higher debt load relative to revenue than 46% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

66th percentile

10%

Higher net margin than 66% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

50th percentile

$345,141

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Asset Growth

81st percentile

24%

Faster asset growth than 81% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

73rd percentile

13%

Faster revenue growth than 73% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Assets

Up

$56,924,926

Up $13,593,807 (+31%) from 2017

Net Assets

Up

$33,089,365

Up $7,893,219 (+31%) from 2017

Liabilities

Up

$23,835,561

Up $5,700,588 (+31%) from 2017

Revenue

Up

$64,950,663

Up $15,933,470 (+33%) from 2017

Expenses

Up

$58,273,207

Up $15,404,095 (+36%) from 2017

Net Income

Up

$6,677,456

Up $529,375 (+8.6%) from 2017

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2011: $12,503,789Liabilities 2011: $4,401,632Net Assets 2011: $8,102,1572011Assets 2012: $16,596,685Liabilities 2012: $8,686,349Net Assets 2012: $7,910,3362012Assets 2013: $28,824,903Liabilities 2013: $18,320,519Net Assets 2013: $10,504,3842013Assets 2014: $30,425,512Liabilities 2014: $17,949,995Net Assets 2014: $12,475,5172014Assets 2015: $33,540,920Liabilities 2015: $17,810,345Net Assets 2015: $15,730,5752015Assets 2016: $37,349,634Liabilities 2016: $18,793,121Net Assets 2016: $18,556,5132016Assets 2017: $43,331,119Liabilities 2017: $18,134,973Net Assets 2017: $25,196,1462017Assets 2020: $56,924,926Liabilities 2020: $23,835,561Net Assets 2020: $33,089,3652020Assets 2021: $67,406,179Liabilities 2021: $19,795,718Net Assets 2021: $47,610,4612021Assets 2024: $104,559,199Liabilities 2024: $37,916,596Net Assets 2024: $66,642,6032024

Highlighted filing

2020

Assets$56,924,926
Liabilities$23,835,561
Net Assets$33,089,365

Operations Trend

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

$100M$50M$0Expenses 2011: $13,620,7152011Expenses 2012: $19,013,2402012Expenses 2013: $25,055,4442013Revenue 2014: $37,740,123Expenses 2014: $35,651,123Net Income 2014: $2,089,0002014Revenue 2015: $41,276,847Expenses 2015: $38,102,400Net Income 2015: $3,174,4472015Revenue 2016: $45,628,298Expenses 2016: $42,140,507Net Income 2016: $3,487,7912016Revenue 2017: $49,017,193Expenses 2017: $42,869,112Net Income 2017: $6,148,0812017Revenue 2020: $64,950,663Expenses 2020: $58,273,207Net Income 2020: $6,677,4562020Revenue 2021: $92,698,092Expenses 2021: $60,644,996Net Income 2021: $32,053,0962021Revenue 2024: $83,162,872Expenses 2024: $81,108,474Net Income 2024: $2,054,3982024

Highlighted filing

2020

Revenue$64,950,663
Expenses$58,273,207
Net Income$6,677,456
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 14, 2021
Return Version
2019v5.2
Gross Receipts
$64,950,663
Mission and Program Overview

Mission

Provide students with the academic foundation and ambition to earn a college degree.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$18,445,451$18,961,627▲ $516,176
Other Notes and Loans Receivable, Net$11,368,000$17,532,000▲ $6,164,000
Land, Buildings, and Equipment, Net$10,793,183$10,306,246▼ $486,937
Cash and Non-Interest-Bearing Accounts$918,057$7,919,769▲ $7,001,712
Pledges and Grants Receivable$1,302,292$2,062,388▲ $760,096
Investments Other Securities-$1,356,565-
Accounts Receivable$2,608,652$583,972▼ $2,024,680
Prepaid Expenses and Deferred Charges$373,102$252,016▼ $121,086
Investments Program Related-$-2,248,342-
Total Assets$46,027,522$56,924,926▲ $10,897,404
Other Assets Total$218,785$198,685▼ $20,100
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,418,800$8,141,819▼ $276,981
Unsecured Notes Loans Payable-$6,650,700-
Accounts Payable and Accrued Expenses$4,360,048$4,664,809▲ $304,761
Tax Exempt Bond Liabilities$3,947,316$3,727,447▼ $219,869
Other Liabilities$603,663$650,786▲ $47,123
Deferred Revenue$83,440--
Total Liabilities$17,413,267$23,835,561▲ $6,422,294
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$28,079,242$32,239,061▲ $4,159,819
Net Assets With Donor Restrictions$535,013$850,304▲ $315,291
Total Net Assets Fund Balance$28,614,255$33,089,365▲ $4,475,110
Total Liabilities and Net Assets / Fund Balance$46,027,522$56,924,926▲ $10,897,404

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,366,360$3,576,666$9,943,026
Equipment$1,630,120$4,354,364$5,984,484
Leasehold Improvements$2,309,766$1,530,773$3,840,539
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Donna MoorePresident and CEOFT$324,880$20,261$345,141
Gregory WhitePresident and CEO-$281,775$63,366$345,141
Sabrina KingChief Schools OfficerFT$204,714$21,704$226,418
Michelle PierreChief Schools Officer-$204,714$21,704$226,418
Sarah AdamsChief Talent OfficerFT$188,711$16,346$205,057
Sabrina KingChief Talent Officer-$173,711$31,346$205,057
Michelle PierreCFOFT$185,617$17,595$203,212
Donna MooreCFO-$175,617$27,595$203,212
Robin JohnsonPrincipalFT$162,491$23,136$185,627
Sekou RobinsonPrincipal-$151,741$33,886$185,627
-Senior PrincipalFT$160,054$12,101$172,155
Robin JohnsonSenior Principal-$158,054$14,101$172,155
Sekou RobinsonChief Advancement OfficerFT$158,315$7,319$165,634
Kristen DenisonChief Advancement Officer-$147,815$17,819$165,634
Kristen DenisonManaging Director of Teaching & LearningFT$140,240$10,571$150,811
Sarah AdamsManaging Director of Teaching & Lear-$138,740$12,071$150,811

Board Members and Trustees

NameTitle
Vineeta RaketichChair
Katie MaccarthyVice-chair
Aaron ClubbBoard Member
Brian BalusekBoard Member
Bryan SchneiderBoard Member
Charles CampbellBoard Member
Janice LucchesiBoard Member
Loren G BeadleBoard Member
Vinni HallBoard Member
Gregory WhiteLife Trustee
Susan SnyderSecretary
Marco QuintanaTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Lakeside TransportationTransportation Services2794 NORTHWESTERN, Waukegan, IL 60087$986,243
Lacosta Facility Support ServicesJanitorial Services440 W BONNER RD, Wauconda, IL 60084$705,065
Kokua Education (charter Substitute)Temporary Employment ServicesPO BOX 99747, Seattle, WA 98139$446,801
Switchfast TechnologiesTechnology4043 N RAVENSWOOD AVE SUITE 203, Chicago, IL 60613$355,779
The Nikao Group LLCConstruction Services2900 BRIDLE COURT, Lake Geneva, WI 53147$351,975
Revenue and Support

Revenue Composition

Contributions and Grants
$9,750,619
Program Service Revenue
$54,870,302
Investment Income
$481,464
Other Revenue
$-151,722
All Other Contributions
$9,605,202
Change in Net Assets
$6,677,456

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded5$40,606Average of H/l
Total Noncash Contributions5$40,606-

Audited Revenue Reconciliation

Revenue per Audited Statements
$64,950,663
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$371,752
Total Revenue per Audited Statements
$65,322,415
Total Revenue per Form 990
$64,950,663
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$36,210,044
Other Expenses$22,063,163
Total Fundraising Expense$262,898
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$27,449,596$1,678,314$150,167$29,278,077
Other Employee Benefits$4,507,831$401,446$674$4,909,951
Occupancy$3,951,902$76,954-$4,028,856
Fees for Services Other$1,378,309$886,207-$2,264,516
Depreciation Depletion$1,142,715$128,597$1,949$1,273,261
Payroll Taxes$1,024,088$159,189$13,099$1,196,376
Information Technology$735,342$273,499$6,324$1,015,165
Other Expenses$1,197,539$832,811$192$832,811
Current Officers, Directors, Trustees, and Key Employees$274,860$477,796$72,984$825,640
All Other Expenses$752,130$23,654$2,293$778,077
Travel$700,240--$700,240
Interest$566,137$29,013-$595,150
Office Expenses$352,529$138,163$15,216$505,908
Insurance$96,057$163,827-$259,884
Fees for Services Legal$65,206$80,260-$145,466
Fees for Services Accounting-$135,416-$135,416
Advertising$64$7,317-$7,381
Total Functional Expenses$46,959,521$11,050,788$262,898$58,273,207

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$58,644,959
Expenses per Audited Statements$58,273,207
Total Expenses per Form 990$58,273,207
Expenses Not Reported on Form 990$371,752
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$537,869
Interest Rate Swap$112,917

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIllinois Finance Authority2013-01-31$5,446,303Retire bond debt from revenue bond of 2011

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$5,446,303-$1,718,856-

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI

The organization does not have a written policy regarding its participation in joint venture arrangements, however, the organization does take steps to safeguard its exempt status with respect to such arrangements.

Form 990, Part VI, Section A, Line 4

The bylaws were updated to increase the maximum number of board members and to clarify roles and responsibilities.

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the cfo, the ceo, the board treasurer, and a member of the finance committee. The tax return will then be filed. This year, due to the timing of the audit and the board meetings, the return will be distributed to the board as soon as the return is complete.

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

The organization regularly monitors and enforces compliance with this policy by annually requiring each board member to sign a statement affirming that they have read, understand, and agree to comply with the policy.

Form 990, Part VI, Section B, Line 15A

Officers of the organization serve as the compensation committee, which discusses and approves the ceo and president's compensation and contract. Furthermore, the compensation committee uses a compensation study or survey when determining the ceo and president's compensation. The ceo determines the compensation of all other officers and key employees and uses a compensation study or survey as part of this process.

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Lawndale Educational and Regional
EIN
36-4439074
Phone
7733583908
Address
3021 W CARROLL AVENUE, CHICAGO, IL 60612

Signing Officer

Name
Gregory White
Title
CEO & President
Phone
7733583908
Signed
2021-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory White
Formed
2000
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
661
Volunteers
70

Preparer

Firm
Kutchins Robbins & Diamond Ltd
Address
1051 PERIMETER DR 9TH FLOOR, SCHAUMBURG, IL 60173
Preparer
David Diamond
Phone
8472401040
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Distributions -2,096,620. Change in interest rate swap -105,726.

Raw XML AppendixShowing 400 of 887 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/PersonNm13MICHELLE PIERRE
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IRS990/Form990PartVIISectionAGrp/TitleTxt16MANAGING DIRECTOR OF TEACHING & LEARNING
IRS990/Form990PartVIISectionAGrp/TitleTxt17CHIEF ADVANCEMENT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt18PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt19SENIOR PRINCIPAL
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