Civic Intelligence

Foundations College Preparatory School

EIN 45-4546417 • 501(c)3 • Chicago, IL

Profile

To empower youth to thrive in college and life by giving them access to innovative educators who teach them to think critically, live with honor, and strive for a better self and world.

1233 West 109th PlaceChicago, IL 60643

www.foundationscollegeprep.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.93x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

87th percentile

0.92x

Higher debt load relative to revenue than 87% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

48th percentile

3.4%

Higher net margin than 48% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

61st percentile

$86,245

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

61st percentile

7.5%

Faster asset growth than 61% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

47th percentile

5.4%

Faster revenue growth than 47% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$3,021,216

Up $211,252 (+7.5%) from 2017

Liabilities

Up

$2,815,696

Up $107,081 (+4.0%) from 2017

Net Assets

Up

$205,520

Up $104,171 (+103%) from 2017

Operations
Liabilities / Revenue87th percentileNet Margin48th percentile

Revenue

Up

$3,059,296

Up $157,285 (+5.4%) from 2017

Expenses

Up

$2,955,125

Up $301,587 (+11%) from 2017

Net Income

Down

$104,171

Down $144,302 (-58%) from 2017

Trend Graphs

Balance Sheet Trend

Asset Growth61st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2013: $117,751Liabilities 2013: $11,911Net Assets 2013: $105,8402013Assets 2014: $202,902Liabilities 2014: $46,215Net Assets 2014: $156,6872014Assets 2015: $1,642,331Liabilities 2015: $1,326,237Net Assets 2015: $316,0942015Assets 2016: $1,582,031Liabilities 2016: $1,729,155Net Assets 2016: -$147,1242016Assets 2017: $2,809,964Liabilities 2017: $2,708,615Net Assets 2017: $101,3492017Assets 2018: $3,021,216Liabilities 2018: $2,815,696Net Assets 2018: $205,5202018

Highlighted filing

2018

Assets$3,021,216
Liabilities$2,815,696
Net Assets$205,520
Open 2018 Filing

Operations Trend

Revenue Growth47th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $193,625Expenses 2013: $81,689Net Income 2013: $111,9362013Revenue 2014: $406,248Expenses 2014: $355,401Net Income 2014: $50,8472014Revenue 2015: $2,419,439Expenses 2015: $2,260,032Net Income 2015: $159,4072015Revenue 2016: $2,267,668Expenses 2016: $2,730,886Net Income 2016: -$463,2182016Revenue 2017: $2,902,011Expenses 2017: $2,653,538Net Income 2017: $248,4732017Revenue 2018: $3,059,296Expenses 2018: $2,955,125Net Income 2018: $104,1712018

Highlighted filing

2018

Revenue$3,059,296
Expenses$2,955,125
Net Income$104,171
Open 2018 Filing

Filings

Most recent year

2018 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$3,021,216
Liabilities
$2,815,696
Net assets
$205,520
Revenue
$3,059,296
Expenses
$2,955,125
Net income
$104,171
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.02$2.82$0.21$3.06$2.96$0.10
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.81$2.71$0.10$2.90$2.65$0.25
2016Detailed filing. Detailed filing data is available for this year.$1.58$1.73$0.15$2.27$2.73$0.46
2015Detailed filing. Detailed filing data is available for this year.$1.64$1.33$0.32$2.42$2.26$0.16
2014Detailed filing. Detailed filing data is available for this year.$0.20$0.05$0.16$0.41$0.36$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.01$0.11$0.19$0.08$0.11
Latest Detailed Filing

The latest 2018 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2016 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Mar 29, 2017
Return Version
2015v3.0
Gross Receipts
$2,267,668
Mission and Program Overview

Mission

To empower youth to thrive in college and life by giving them access to innovative educators who teach them to think critically, live with honor, and strive for a better self and world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,285,988$1,313,733▲ $27,745
Cash and Non-Interest-Bearing Accounts$157,231$126,656▼ $30,575
Pledges and Grants Receivable$175,527$122,891▼ $52,636
Prepaid Expenses and Deferred Charges$18,317$17,719▼ $598
Total Assets$1,642,331$1,582,031▼ $60,300
Other Assets Total$5,268$1,032▼ $4,236
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,160,434$1,497,189▲ $336,755
Accounts Payable and Accrued Expenses$121,633$189,483▲ $67,850
Other Liabilities$44,170$42,483▼ $1,687
Total Liabilities$1,326,237$1,729,155▲ $402,918
Net Assets / Fund Balance
Unrestricted Net Assets$316,094$-147,124▼ $463,218
Total Net Assets Fund Balance$316,094$-147,124▼ $463,218
Total Liabilities and Net Assets / Fund Balance$1,642,331$1,582,031▼ $60,300

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,252,518$602,477$1,854,995
Equipment$48,740$42,306$91,046
Other Land Buildings$12,475-$12,475
Compensation and Service Providers
Top Officer Pay61st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Micki O'NeilExecutive DirectorFT$75,570$8,045$83,615

Board Members and Trustees

NameTitle
Jeffrey DonoghueChair
Benjamin ReevesMember
Doug SuttonMember
Jeff BeckhamMEMber
Tiffany HarperMEMber
Yondi MorrisMember
Kristen VandawalkerSecretary
Matt LewinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,239,232
Program Service Revenue
$27,322
Investment Income
$185
Other Revenue
$929
All Other Contributions
$204,615
Change in Net Assets
$-463,218

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,267,668
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$108,113
Total Revenue per Audited Statements
$2,375,781
Total Revenue per Form 990
$2,267,668
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,631,735
Other Expenses$1,099,151
Total Fundraising Expense$8,047
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,074,131$228,065$2,914$1,305,110
Depreciation Depletion$386,936$17,325-$404,261
Occupancy$131,258$27,859$377$159,494
Other Employee Benefits$76,100$16,152$219$92,471
Payroll Taxes$70,884$15,045$203$86,132
Pension Plan Contributions$62,466$13,258$179$75,903
Current Officers, Directors, Trustees, and Key Employees$59,352$12,597$170$72,119
Interest$56,615$12,016$162$68,793
Fees for Services Other$56,690$11,911-$68,601
Information Technology$49,909$4,535$62$54,506
Insurance$23,881$5,068$69$29,018
Office Expenses$22,176$4,707$64$26,947
All Other Expenses$22,116$521$3,628$26,265
Fees for Services Accounting-$20,866-$20,866
Other Expenses$15,497--$15,497
Advertising$5,150--$5,150
Total Functional Expenses$2,332,914$389,925$8,047$2,730,886

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,838,999
Expenses per Audited Statements$2,730,886
Total Expenses per Form 990$2,730,886
Expenses Not Reported on Form 990$108,113
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
Deferred Rent$42,483
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
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 8B

“There is no such committee to act on behalf of the governing board.”

Form 990, Part VI, Section B, line 11

“Members of the governing body review the 990 and grant approval before filing the information return. A copy of the final return is provded to all Board members prior to filing.”

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

“Transparency is encouraged at all times. Board members are aware of their obligations to disclose any potential conflicts, real or perceived, immediately to the organization and board. It is expected that all such conflicts be raised as they arise. The organization has an annual process to ensure it affirmatively reviews the potential for new conflicts with each member.”

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

“The board considers multiple factors and comparable analysis when determining the reasonableness of the executive director's compensation.”

Form 990, Part VI, Section C, line 19

“Governing documents, financial statements, and the conflict of interest policy are available upon request.”

Filing and Contact Details

Filer

Filer Name
Foundations College Preparatory
EIN
45-4546417
Phone
7732985800
Address
1233 West 109th Place, CHICAGO, IL 60643
Doing Business As
Foundations College Prep

Signing Officer

Name
Micki O'Neil
Title
Executive Director
Phone
7732985800
Signed
2017-03-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Micki O'Neil
Formed
2011
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
8
Employees
50
Volunteers
20

Preparer

Firm
Ostrow Reisin Berk & Abrams Ltd
Address
455 N Cityfront Plaza Dr Suite 1500, Chicago, IL 60611
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 (irs) has determined that the school is not a private foundation within the meaning of section 509(a) of the code. The school has adopted the requirements for accounting for uncertain tax positions and management has determined that the school was not required to record a liability related to uncertain tax positions as of june 30, 2016 and 2015.”

Raw XML AppendixShowing 400 of 473 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
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IRS990/OtherExpensesGrp/Desc0DIRECT STUDENT COSTS
IRS990/OtherExpensesGrp/Desc1START UP COSTS
IRS990/OtherExpensesGrp/Desc2CPS ADMINISTRATIVE FEE
IRS990/OtherExpensesGrp/Desc3Student Recruiting
IRS990/OtherExpensesGrp/ProgramServicesAmt0118470
IRS990/OtherExpensesGrp/ProgramServicesAmt156306
IRS990/OtherExpensesGrp/ProgramServicesAmt244977
IRS990/OtherExpensesGrp/ProgramServicesAmt315497
IRS990/OtherExpensesGrp/TotalAmt0118470
IRS990/OtherExpensesGrp/TotalAmt156306
IRS990/OtherExpensesGrp/TotalAmt244977
IRS990/OtherExpensesGrp/TotalAmt315497
IRS990/OtherLiabilitiesGrp/BOYAmt044170
IRS990/OtherLiabilitiesGrp/EOYAmt042483
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt0929
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0929
IRS990/OtherRevenueTotalAmt0929
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt02914
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0228065
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01074131
IRS990/OtherSalariesAndWagesGrp/TotalAmt01305110
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0203
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015045
IRS990/PayrollTaxesGrp/ProgramServicesAmt070884
IRS990/PayrollTaxesGrp/TotalAmt086132
IRS990/PensionPlanContributionsGrp/FundraisingAmt0179
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt013258
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt062466
IRS990/PensionPlanContributionsGrp/TotalAmt075903
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0175527
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0122891
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt018317
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017719
IRS990/PrincipalOfficerNm0Micki O'Neil
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT FEES & ACTIVIT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt027322
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt027322
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02417992
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0285
IRS990/PYOtherExpensesAmt0892832
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01162
IRS990/PYRevenuesLessExpensesAmt0159407
IRS990/PYSalariesCompEmpBnftPaidAmt01367200
IRS990/PYTotalExpensesAmt02260032
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02419439
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-463218
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt027322
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02239232
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02417992
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0406100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0193600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt06332
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05263256
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0185
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0285
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt038
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt025
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0533
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt028594
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0929
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0929
IRS990ScheduleA/PublicSupportTotal170Amt05118550
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleA/SubstantialContributorsTotAmt0144706
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02239232
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02417992
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0406100
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0193600
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt06332
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05263256
IRS990ScheduleA/TotalSupportAmt05264718
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/DonatedServicesAndUseFcltsAmt0108113
IRS990ScheduleD/DonatedServicesUseFcltsAmt0108113
IRS990ScheduleD/EquipmentGrp/BookValueAmt048740
IRS990ScheduleD/EquipmentGrp/DepreciationAmt042306
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt091046
IRS990ScheduleD/ExpensesNotReportedAmt0108113
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02730886
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01252518
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0602477
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01854995
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt012475
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt012475
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt042483
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED RENT
IRS990ScheduleD/RevenueNotReportedAmt0108113
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02267668
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 (IRS) HAS DETERMINED THAT THE SCHOOL IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. THE SCHOOL HAS ADOPTED THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS AND MANAGEMENT HAS DETERMINED THAT THE SCHOOL 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/TotalBookValueLandBuildingsAmt01313733
IRS990ScheduleD/TotalExpensesPerForm990Amt02730886
IRS990ScheduleD/TotalLiabilityAmt042483
IRS990ScheduleD/TotalRevenuePerForm990Amt02267668
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02375781
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02838999
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd00
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0MAILERS AND SMALL FLYERS DO NOT ALWAYS INCLUDE POLICY DUE TO LIMITED SPACE AND MINIMAL TEXT. ALL DIRECT APPLICATION MATERIALS, INCLUDING OUR WEB-BASED APPLICATION, PUBLICIZE OUR NON-DISCRIMINATORY POLICIES TO PROSPECTIVE STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1FOUNDATIONS COLLEGE PREP IS A CHICAGO PUBLIC CHARTER SCHOOL THAT WILL SERVE GRADES 6-12. THE SCHOOL'S FIRST YEAR OF OPERATIONS BEGAN IN THE FISCAL YEAR ENDED JUNE 30, 2015, AT WHICH TIME IT SERVED GRADES 6 AND 7. THERE WERE NO SCHOLARSHIPS OR FINANCIAL ASSISTANCE AWARDS GRANTED. AS A PUBLIC SCHOOL, FOUNDATIONS COLEGE PREP IS LEGALLY OBLIGATED TO BE NODISCRIMINATORY.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL RECEIVES FUNDING FROM CHICAGO PUBLIC SCHOOLS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There is no such committee to act on behalf of the governing board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members of the governing body review the 990 and grant approval before filing the information return. A copy of the final return is provded to all Board members prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Transparency is encouraged at all times. Board members are aware of their obligations to disclose any potential conflicts, real or perceived, immediately to the organization and board. It is expected that all such conflicts be raised as they arise. The organization has an annual process to ensure it affirmatively reviews the potential for new conflicts with each member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD CONSIDERS MULTIPLE FACTORS AND COMPARABLE ANALYSIS WHEN DETERMINING THE REASONABLENESS OF THE EXECUTIVE DIRECTOR'S COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
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 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00

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