Civic Intelligence

Foundations College Preparatory School

990 • Fiscal year 2015 • EIN 45-4546417

Jul 01, 2014 to Jun 30, 2015 • Filed on May 12, 2016

Organization ProfileWWW.FOUNDATIONSCOLLEGEPREP.ORG
1233 West 109th PlaceChicago, IL 60643

(773) 298-5800

Siviq Scores

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

Liabilities / Assets

87th percentile

0.81x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

78th percentile

0.55x

Higher debt load relative to revenue than 78% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

61st percentile

6.6%

Higher net margin than 61% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

50th percentile

$63,374

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

99th percentile

709%

Faster asset growth than 99% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

99th percentile

496%

Faster revenue growth than 99% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$1,642,331

Up $1,439,429 (+709%) from 2014

Net Assets

Up

$316,094

Up $159,407 (+102%) from 2014

Liabilities

Up

$1,326,237

Up $1,280,022 (+2770%) from 2014

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin61st percentile

Revenue

Up

$2,419,439

Up $2,013,191 (+496%) from 2014

Expenses

Up

$2,260,032

Up $1,904,631 (+536%) from 2014

Net Income

Up

$159,407

Up $108,560 (+214%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$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

2015

Assets$1,642,331
Liabilities$1,326,237
Net Assets$316,094
Open 2015 Filing

Operations Trend

Revenue Growth99th percentile

Revenue, expenses, and net income across loaded years, with this 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

2015

Revenue$2,419,439
Expenses$2,260,032
Net Income$159,407
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 12, 2016
Return Version
2014v6.0
Gross Receipts
$2,419,439
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.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$27,930$1,285,988▲ $1,258,058
Accounts Receivable-$165,077-
Cash and Non-Interest-Bearing Accounts$141,117$157,231▲ $16,114
Prepaid Expenses and Deferred Charges$1,600$18,317▲ $16,717
Pledges and Grants Receivable$32,255$10,450▼ $21,805
Total Assets$202,902$1,642,331▲ $1,439,429
Other Assets Total-$5,268-
Liabilities
Mortgage Notes Payable Secured by Investment Property-$1,160,434-
Accounts Payable and Accrued Expenses$46,215$121,633▲ $75,418
Other Liabilities$0$44,170▲ $44,170
Total Liabilities$46,215$1,326,237▲ $1,280,022
Net Assets / Fund Balance
Unrestricted Net Assets$156,687$316,094▲ $159,407
Total Net Assets Fund Balance$156,687$316,094▲ $159,407
Total Liabilities and Net Assets / Fund Balance$202,902$1,642,331▲ $1,439,429

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,196,140$224,276$1,420,416
Equipment$62,990$14,457$77,447
Other Land Buildings$26,858$1,789$28,647
Compensation and Service Providers
Top Officer Pay50th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICKI O'NEILExecutive DirectorFT$61,008$2,366$63,374

Board Members and Trustees

NameTitle
Jeffrey DonoghueChair
Douglas SuttonVice Chair
Benjamin ReevesMember
Jeff BeckhamMember
Lina BankertMember
Tiffany HarperMember
Yondi MorrisMember
Alex GarzaMember - Resigned
Lanetta Turner-hayesMember - Resigned
Kristen VandawalkerSecretary
Matt LewinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,417,992
Program Service Revenue
$1,162
Investment Income
$285
Other Revenue
$0
All Other Contributions
$689,312
Change in Net Assets
$159,407

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,419,439
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$113,007
Total Revenue per Audited Statements
$2,532,446
Total Revenue per Form 990
$2,419,439
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,367,200
Other Expenses$892,832
Total Fundraising Expense$8,059
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$890,134$194,942$3,436$1,088,512
Depreciation Depletion$230,014$10,299-$240,313
Occupancy$107,971$23,646$417$132,034
Payroll Taxes$75,032$16,432$289$91,753
Current Officers, Directors, Trustees, and Key Employees$65,464$14,336$252$80,052
Other Employee Benefits$44,572$9,762$172$54,506
Pension Plan Contributions$42,831$9,380$166$52,377
Information Technology$42,456$3,192$57$45,705
Interest$35,076$7,682$135$42,893
Office Expenses$20,131$4,409$78$24,618
All Other Expenses$19,961$1,567$2,982$24,510
Insurance$19,172$4,199$75$23,446
Fees for Services Other$22,753--$22,753
Advertising$9,478--$9,478
Other Expenses$9,477--$9,477
Fees for Services Accounting-$4,000-$4,000
Total Functional Expenses$1,948,127$303,846$8,059$2,260,032

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,373,039
Expenses per Audited Statements$2,260,032
Total Expenses per Form 990$2,260,032
Expenses Not Reported on Form 990$113,007
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$44,170
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.”

Form 990, Part VI, Section B, Line 15

“The board and executive team are evaluating the compensation process in order to improve objectivity and effectiveness. There has been some comparable analysis, which indicates that key executives are in line with industry norms.”

Filing and Contact Details

Filer

Filer Name
Foundations College Preparatory School
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
2016-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
MICKI O'NEIL
Formed
2011
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
36
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

Additional Explanations

Form 990, Part I, Line 1, Description of Organization 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.”

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, 2015.”

Raw XML AppendixShowing 400 of 492 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/OfficeExpensesGrp/FundraisingAmt078
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04409
IRS990/OfficeExpensesGrp/ProgramServicesAmt020131
IRS990/OfficeExpensesGrp/TotalAmt024618
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt05268
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0172
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt09762
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt044572
IRS990/OtherEmployeeBenefitsGrp/TotalAmt054506
IRS990/OtherExpensesGrp/Desc0START UP COSTS
IRS990/OtherExpensesGrp/Desc1DIRECT STUDENT COSTS
IRS990/OtherExpensesGrp/Desc2CPS ADMINISTRATIVE FEE
IRS990/OtherExpensesGrp/Desc3CLASSROOM SUPPLIES AND
IRS990/OtherExpensesGrp/ProgramServicesAmt0236151
IRS990/OtherExpensesGrp/ProgramServicesAmt146101
IRS990/OtherExpensesGrp/ProgramServicesAmt231353
IRS990/OtherExpensesGrp/ProgramServicesAmt39477
IRS990/OtherExpensesGrp/TotalAmt0236151
IRS990/OtherExpensesGrp/TotalAmt146101
IRS990/OtherExpensesGrp/TotalAmt231353
IRS990/OtherExpensesGrp/TotalAmt39477
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt044170
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0289
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt016432
IRS990/PayrollTaxesGrp/ProgramServicesAmt075032
IRS990/PayrollTaxesGrp/TotalAmt091753
IRS990/PensionPlanContributionsGrp/FundraisingAmt0166
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt09380
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt042831
IRS990/PensionPlanContributionsGrp/TotalAmt052377
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt032255
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt010450
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01600
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018317
IRS990/PrincipalOfficerNm0MICKI O'NEIL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT FUNDRAISER
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT FEES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt01112
IRS990/ProgramServiceRevenueGrp/ExclusionAmt150
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01112
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt150
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0406100
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt038
IRS990/PYOtherExpensesAmt0105905
IRS990/PYOtherRevenueAmt0110
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt050847
IRS990/PYSalariesCompEmpBnftPaidAmt0249496
IRS990/PYTotalExpensesAmt0355401
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0406248
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0159407
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02417992
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0406100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0193600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt06332
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03024024
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0285
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt038
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt025
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0348
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01162
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0110
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01272
IRS990ScheduleA/PublicSupportTotal170Amt02834537
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleA/SubstantialContributorsTotAmt0189487
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02417992
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0406100
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0193600
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt06332
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03024024
IRS990ScheduleA/TotalSupportAmt03025644
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/DonatedServicesAndUseFcltsAmt0113007
IRS990ScheduleD/DonatedServicesUseFcltsAmt0113007
IRS990ScheduleD/EquipmentGrp/BookValueAmt062990
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014457
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt077447
IRS990ScheduleD/ExpensesNotReportedAmt0113007
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02260032
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01196140
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0224276
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01420416
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt026858
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01789
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt028647
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt044170
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED RENT
IRS990ScheduleD/RevenueNotReportedAmt0113007
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02419439
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, 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01285988
IRS990ScheduleD/TotalExpensesPerForm990Amt02260032
IRS990ScheduleD/TotalLiabilityAmt044170
IRS990ScheduleD/TotalRevenuePerForm990Amt02419439
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02532446
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02373039
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/ExplanationTxt0TO 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE IS NO SUCH COMMITTEE TO ACT ON BEHALF OF THE GOVERNING BOARD.

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,642,331
Liabilities
$1,326,237
Net assets
$316,094
Revenue
$2,419,439
Expenses
$2,260,032
Net income
$159,407
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
Peer Organizations

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