Civic Intelligence

Erie Elementary Charter School

990 • Fiscal year 2018 • EIN 37-1504399

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 11, 2018

1405 N Washtenaw AveChicago, IL 60622

(312) 563-5800

Siviq Scores

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

Liabilities / Assets

90th percentile

0.93x

Higher debt load relative to assets than 90% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

89th percentile

2.44x

Higher debt load relative to revenue than 89% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

26th percentile

-2.9%

Higher net margin than 26% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

19th percentile

$91,029

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Assets

$14,590,686

No earlier filing loaded for comparison.

Net Assets

$958,855

No earlier filing loaded for comparison.

Liabilities

$13,631,831

No earlier filing loaded for comparison.

Revenue

$5,591,980

No earlier filing loaded for comparison.

Expenses

$5,753,516

No earlier filing loaded for comparison.

Net Income

-$161,536

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2018: $14,590,686Liabilities 2018: $13,631,831Net Assets 2018: $958,8552018Assets 2019: $13,811,953Liabilities 2019: $13,669,582Net Assets 2019: $142,3712019Assets 2020: $13,854,064Liabilities 2020: $791,432Net Assets 2020: $13,062,6322020Assets 2021: $13,959,703Liabilities 2021: $556,517Net Assets 2021: $13,403,1862021Assets 2022: $14,154,317Liabilities 2022: $860,314Net Assets 2022: $13,294,0032022Assets 2023: $13,846,786Liabilities 2023: $599,551Net Assets 2023: $13,247,2352023Assets 2024: $14,025,742Liabilities 2024: $541,284Net Assets 2024: $13,484,4582024

Highlighted filing

2018

Assets$14,590,686
Liabilities$13,631,831
Net Assets$958,855

Operations Trend

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

$20M$10M$0-$10MRevenue 2018: $5,591,980Expenses 2018: $5,753,516Net Income 2018: -$161,5362018Revenue 2019: $5,687,849Expenses 2019: $6,504,333Net Income 2019: -$816,4842019Revenue 2020: $19,547,016Expenses 2020: $6,626,755Net Income 2020: $12,920,2612020Revenue 2021: $6,575,390Expenses 2021: $6,234,836Net Income 2021: $340,5542021Revenue 2022: $6,610,395Expenses 2022: $6,494,578Net Income 2022: $115,8172022Revenue 2023: $7,041,076Expenses 2023: $7,087,844Net Income 2023: -$46,7682023Revenue 2024: $7,468,818Expenses 2024: $7,231,595Net Income 2024: $237,2232024

Highlighted filing

2018

Revenue$5,591,980
Expenses$5,753,516
Net Income-$161,536
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 11, 2018
Return Version
2017v2.3
Gross Receipts
$5,591,980
Mission and Program Overview

Mission

Erie elementary charter school was formed in 2005 to provide educational and community opportunities for youths, grades k-8. The school is a bi-literate school focusing on heritage and culture.

To provide bi-literate educational and community opportunities for youths, grades k-8.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,829,051$12,479,527▼ $349,524
Savings and Temporary Cash Investments$1,200,163$1,720,193▲ $520,030
Accounts Receivable$285,769$109,928▼ $175,841
Pledges and Grants Receivable$147,574$52,574▼ $95,000
Prepaid Expenses and Deferred Charges$9,800$32,017▲ $22,217
Total Assets$14,708,129$14,590,686▼ $117,443
Other Assets Total$235,772$196,447▼ $39,325
Liabilities
Other Liabilities$13,118,951$13,086,781▼ $32,170
Accounts Payable and Accrued Expenses$468,787$545,050▲ $76,263
Total Liabilities$13,587,738$13,631,831▲ $44,093
Net Assets / Fund Balance
Unrestricted Net Assets$1,045,391$958,855▼ $86,536
Temporarily Rstr Net Assets$75,000$0▼ $75,000
Total Net Assets Fund Balance$1,120,391$958,855▼ $161,536
Total Liabilities and Net Assets / Fund Balance$14,708,129$14,590,686▼ $117,443

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$9,248,662$2,410,234$11,658,896
Land$3,230,865-$3,230,865
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Hugo CampuzanoPrincipalFT$91,029$91,029
Joshua MarderDirector of AdministrationFT$37,156$37,156

Board Members and Trustees

NameTitle
Kenneth PerkinsChairman Emeritus
Mary G BoehlerPresident Emeritus
Ricardo EstradaPresident Emeritus
David KinnearVice President
Crystal BushDirector
Jason WilliamsDirector
Jessica JaimesDirector
John R HallDirector
Laura SilvaDirector
Maria GuerraDirector
Maria HawiloDirector
Matthew MoranDirector
Matthew PetrilloDirector
Melanie MadiganDirector
Meredith Bell-freseDirector
Michael MilkieDirector
Patty HorschDirector
Ryan KrausDirector
Sarah AirolaDirector
Sarah BerghorstDirector
Victor Sy NelsonSecretary
Susan TaylorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,523,084
Program Service Revenue
$64,376
Investment Income
$867
Other Revenue
$3,653
All Other Contributions
$1,518,392
Change in Net Assets
$-161,536

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Food Inventory1$210,050Valued by Donor
Total Noncash Contributions1$210,050-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,922,250
Other Expenses$1,830,372
Total Fundraising Expense$63,290
Grants and Similar Amounts Paid$894
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,960,615$45,530$9,626$3,015,771
Depreciation Depletion$349,524--$349,524
Pension Plan Contributions$328,580$4,124$728$333,432
Other Employee Benefits$314,610$3,949$697$319,256
Fees for Services Other$239,149-$51,965$291,114
All Other Expenses$240,599$32,175-$272,774
Current Officers, Directors, Trustees, and Key Employees$91,029$37,156-$128,185
Payroll Taxes$123,778$1,554$274$125,606
Occupancy$95,084--$95,084
Other Expenses$100,994$92,297-$92,297
Fees for Services Management-$84,500-$84,500
Fees for Services Accounting$61,734--$61,734
Insurance$51,305--$51,305
Office Expenses-$7,938-$7,938
Conferences and Meetings-$7,375-$7,375
Grants to Domestic Individuals$894--$894
Total Functional Expenses$5,167,945$522,281$63,290$5,753,516
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Josh MarderDirector of Operations of School & President of Erie Charter School FoundatERIE CHARTER SCHOOL FOUNDATION GRANTED THE SCHOOL $190,000 DURING THE YEARNo$175,000
Mary BoehlerBoard Member of School and Board Member of Erie Charter School FoundationERIE CHARTER SCHOOL FOUNDATION GRANTED THE SCHOOL $190,000 DURING THE YEARNo$175,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loans Payable$13,086,781
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 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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

After a detail review by members of the finance committee, a copy form 990 is made available to all members of the board of directors. Members of the finance committee present a summary of their review to the board of directors.

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

The organization requires all members of the board of directors to sign a conflict of interest disclosure form on an annual basis

Form 990, Part VI, Section B, Line 15

Compensation of the principal is discussed and approved at board of directors meetings. Minutes are kept documenting the approval process.

Form 990, Part VI, Section C, Line 18

All documents are available upon request

Form 990, Part VI, Section C, Line 19

All documents are available upon request

Filing and Contact Details

Filer

Filer Name
Erie Elementary Charter School
EIN
37-1504399
Phone
3125635800
Address
1405 N WASHTENAW AVE, CHICAGO, IL 60622

Signing Officer

Name
Josh Marder
Title
Director of Administration
Phone
7734867161
Signed
2018-12-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Boehler
Formed
2005
Legal Domicile
Il
Voting Board Members
23
Independent Board Members
23
Employees
83
Volunteers
50

Preparer

Firm
Sassetti LLC
Address
6611 NORTH AVENUE, OAK PARK, IL 60302
Preparer
Jeff Schroeder
Phone
7083861433
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The finance committee is responsible for the oversight of the audit process. This process has not changed from the prior year.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT EMERITUS
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IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT EMERITUS
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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt16CHAIRMAN EMERITUS
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt20PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR OF ADMINISTRATION
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