Civic Intelligence

Intrinsic Schools

990 • Fiscal year 2016 • EIN 45-5454261

Jul 01, 2015 to Jun 30, 2016 • Filed on May 12, 2017

Organization ProfileINTRINSICSCHOOLS.ORG

View Organization Page

4540 W BelmontChicago, IL 60641

(708) 887-2735

Siviq Scores

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

Liabilities / Assets

89th percentile

0.89x

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

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

86th percentile

2.01x

Higher debt load relative to revenue than 86% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

70th percentile

9.1%

Higher net margin than 70% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

25th percentile

$158,904

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

85th percentile

18%

Faster asset growth than 85% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

94th percentile

74%

Faster revenue growth than 94% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$26,373,147

Up $4,000,409 (+18%) from 2015

Net Assets

Up

$2,916,078

Up $1,063,737 (+57%) from 2015

Liabilities

Up

$23,457,069

Up $2,936,672 (+14%) from 2015

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin70th percentile

Revenue

Up

$11,668,819

Up $4,944,348 (+74%) from 2015

Expenses

Up

$10,605,082

Up $3,679,642 (+53%) from 2015

Net Income

Up

$1,063,737

Up $1,264,706 (+629%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

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

$80M$60M$40M$20M$0Assets 2013: $1,011,190Liabilities 2013: $862,182Net Assets 2013: $149,0082013Assets 2014: $16,340,714Liabilities 2014: $14,287,404Net Assets 2014: $2,053,3102014Assets 2015: $22,372,738Liabilities 2015: $20,520,397Net Assets 2015: $1,852,3412015Assets 2016: $26,373,147Liabilities 2016: $23,457,069Net Assets 2016: $2,916,0782016Assets 2017: $26,253,638Liabilities 2017: $21,600,163Net Assets 2017: $4,653,4752017Assets 2018: $27,006,759Liabilities 2018: $21,577,725Net Assets 2018: $5,429,0342018Assets 2019: $34,838,669Liabilities 2019: $21,496,367Net Assets 2019: $13,342,3022019Assets 2020: $41,630,250Liabilities 2020: $27,249,855Net Assets 2020: $14,380,3952020Assets 2021: $39,836,849Liabilities 2021: $24,821,474Net Assets 2021: $15,015,3752021Assets 2022: $40,331,507Liabilities 2022: $24,123,849Net Assets 2022: $16,207,6582022Assets 2023: $77,136,667Liabilities 2023: $59,146,083Net Assets 2023: $17,990,5842023Assets 2024: $77,156,348Liabilities 2024: $58,233,449Net Assets 2024: $18,922,8992024

Highlighted filing

2016

Assets$26,373,147
Liabilities$23,457,069
Net Assets$2,916,078
Open 2016 Filing

Operations Trend

Revenue Growth94th percentile

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

$40M$30M$20M$10M$0-$10MExpenses 2013: $589,5922013Revenue 2014: $5,108,173Expenses 2014: $3,466,942Net Income 2014: $1,641,2312014Revenue 2015: $6,724,471Expenses 2015: $6,925,440Net Income 2015: -$200,9692015Revenue 2016: $11,668,819Expenses 2016: $10,605,082Net Income 2016: $1,063,7372016Revenue 2017: $13,709,994Expenses 2017: $11,972,597Net Income 2017: $1,737,3972017Revenue 2018: $12,850,168Expenses 2018: $12,074,609Net Income 2018: $775,5592018Revenue 2019: $21,782,109Expenses 2019: $13,868,841Net Income 2019: $7,913,2682019Revenue 2020: $18,890,483Expenses 2020: $17,852,389Net Income 2020: $1,038,0942020Revenue 2021: $21,177,530Expenses 2021: $20,542,550Net Income 2021: $634,9802021Revenue 2022: $28,377,055Expenses 2022: $27,184,772Net Income 2022: $1,192,2832022Revenue 2023: $32,748,254Expenses 2023: $30,965,328Net Income 2023: $1,782,9262023Revenue 2024: $35,238,029Expenses 2024: $34,305,714Net Income 2024: $932,3152024

Highlighted filing

2016

Revenue$11,668,819
Expenses$10,605,082
Net Income$1,063,737
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 12, 2017
Return Version
2015v3.0
Gross Receipts
$11,668,819
Mission and Program Overview

Mission

The mission of intrinsic schools is to create a revolutionary new school model in order to 1) prepare all students for postsecondary success and world-changing endeavors; and 2) provide the education community with a roadmap to sustainable implementation.

The mission of intrinsic schools is to create a revolutionary new school model in order to 1) prepare all students for postsecondary success and world-changing endeavors; and 2) provide the education community with a roadmap to sustainable implementation

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$20,265,497$19,859,816▼ $405,681
Cash and Non-Interest-Bearing Accounts$869,539$1,829,853▲ $960,314
Pledges and Grants Receivable$863,232$1,336,603▲ $473,371
Loans From Officers Directors$19,659,442$1,100,000▼ $18,559,442
Prepaid Expenses and Deferred Charges$2,356--
Total Assets$22,372,738$26,373,147▲ $4,000,409
Other Assets Total$372,114$3,346,875▲ $2,974,761
Liabilities
Tax Exempt Bond Liabilities-$21,626,405-
Accounts Payable and Accrued Expenses$707,450$479,368▼ $228,082
Unsecured Notes Loans Payable$125,000$125,000→ $0
Other Liabilities$0$104,196▲ $104,196
Deferred Revenue$28,505$22,100▼ $6,405
Total Liabilities$20,520,397$23,457,069▲ $2,936,672
Net Assets / Fund Balance
Unrestricted Net Assets$1,365,341$2,254,469▲ $889,128
Temporarily Rstr Net Assets$487,000$661,609▲ $174,609
Total Net Assets Fund Balance$1,852,341$2,916,078▲ $1,063,737
Total Liabilities and Net Assets / Fund Balance$22,372,738$26,373,147▲ $4,000,409

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,672,893$1,104,132$17,777,025
Land$2,177,785-$2,177,785
Equipment$497,822$469,380$967,202
Other Land Buildings$511,316$259,726$771,042
Other Assets Org$541,519--
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Melissa ZaikosCEOFT$150,000$8,904$158,904
Ami GandhiDirector of Personalized LearningFT$101,880$21,362$123,242
Tim LigueAssistant PrincipalFT$106,250$9,185$115,435

Board Members and Trustees

NameTitle
Jim FrankChair
Harriet MeyerBoard Member
Jim PalosBoard Member
Josh TolmanBoard Member
Justin ManlyBoard Member
David EpsteinTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Clune ConstructionConstruction10 SOUTH RIVERSIDE PLAZA SUITE 2200, Chicago, IL 60606$1,100,207
Mds Advisors Consulting Group LLCFinancial155 EASTBOURNE ROAD, Newton, MA 02459$133,693
Revenue and Support

Revenue Composition

Contributions and Grants
$11,530,030
Program Service Revenue
$135,268
Investment Income
$0
Other Revenue
$3,521
All Other Contributions
$1,515,873
Change in Net Assets
$1,063,737

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,668,819
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$310,660
Total Revenue per Audited Statements
$11,979,479
Total Revenue per Form 990
$11,668,819
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,398,514
Salaries, Compensation, and Employee Benefits$5,206,568
Total Fundraising Expense$155,234
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,860,202$340,798$46,760$4,247,760
Interest$1,235,896$124,978$27,773$1,388,647
Depreciation Depletion$927,134$93,755$20,833$1,041,722
Fees for Services Other$253,555$295,748$161$549,464
Occupancy$368,907$28,464$6,325$403,696
Fees for Services Legal-$366,247-$366,247
Office Expenses$275,008$28,644$6,169$309,821
Other Employee Benefits$257,632$24,954$4,958$287,544
Pension Plan Contributions$271,834$11,390$1,416$284,640
Payroll Taxes$182,763$37,748$7,209$227,720
Fees for Services Accounting-$215,217-$215,217
Information Technology$151,313$16,812-$168,125
Current Officers, Directors, Trustees, and Key Employees$79,452$47,671$31,781$158,904
All Other Expenses$107,837$10,141-$117,978
Other Expenses$103,697$77,446$441$77,887
Insurance$62,663$6,337$1,408$70,408
Advertising$6,011$63,502-$69,513
Travel$30,084$811-$30,895
Total Functional Expenses$8,659,185$1,790,663$155,234$10,605,082

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$10,915,742
Expenses per Audited Statements$10,605,082
Total Expenses per Form 990$10,605,082
Expenses Not Reported on Form 990$310,660
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$19,659,442$1,100,000▼ $18,559,442
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Payable$104,196

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIllinois Finance Authority2015-12-18$21,480,729Ifa series 2015 - refinance costs for school

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$21,480,729$19,514,851-$429,614

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
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
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

“The entity's bylaws allow the board power to appoint a committee with corporate authority. This committee has not yet been appointed as of the fiscal year end.”

Form 990, Part VI, Section B, Line 11

“Form 990 is prepared by the organization's cpa firm, is reviewed by management, and is distributed to the board of directors for review and feedback. A final copy of form 990 is provided to the board of directors before filing with the irs.”

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

“Per addendum b article viii of the organization's bylaws, the executive committee conducts periodic reviews to ensure compliance with the conflict of interest policy. This review covers all articles of the conflict of interest policy.”

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

“The salary for the ceo and all key personnel is reviewed and approved by the board of directors.”

Form 990, Part VI, Section C, Line 19

“Intrinsic schools is subject to the open meetings act and the freedom of information act. All documents are available to the public upon request in addition to providing chicago public schools with these documents.”

Filing and Contact Details

Filer

Filer Name
Intrinsic Schools
EIN
45-5454261
Phone
7088872735
Address
4540 W BELMONT, CHICAGO, IL 60641

Signing Officer

Name
Melissa Zaikos
Title
CEO
Phone
7088872735
Signed
2017-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melissa Zaikos
Formed
2012
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
99
Volunteers
5

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.”

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IRS990/Desc0THE SCHOOL IS A PUBLIC CHARTER SCHOOL THAT PROMISES TO INTEGRATE TECHNOLOGY INTO TEACHING AND LEARNING IN ORDER TO PERSONALIZE THE EXPERIENCE FOR EACH STUDENT. EACH STUDENT WILL HAVE AN INDIVIDUAL MOBILE DEVICE. IN ORDER TO PREPARE ALL THEIR STUDENTS FOR ACCEPTANCE INTO SELECTIVE FOUR-YEAR COLLEGES, THE SCHOOL WILL PROVIDE ALL STUDENTS WITH REAL WORLD EXPERIENCES. THE SCHOOL SERVED 435 STUDENTS AT THE SEVENTH, FRESHMAN, AND SOPHOMORE GRADE LEVELS FOR THE YEAR ENDED JUNE 30,2015. THE SCHOOL SERVED 827 STUDENTS AT THE SEVENTH THROUGH JUNIOR GRADE LEVELS FOR THE YEAR ENDED JUNE 30, 2016. THE SCHOOL WILL ADD ONE GRADE LEVEL PER YEAR UNTIL IT IS A FULL MIDDLE SCHOOL AND HIGH SCHOOL SERVING APPROXIMATELY 950 STUDENTS.
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IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt010014157
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt011668819
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt016812
IRS990/InformationTechnologyGrp/ProgramServicesAmt0151313
IRS990/InformationTechnologyGrp/TotalAmt0168125
IRS990/InsuranceGrp/FundraisingAmt01408
IRS990/InsuranceGrp/ManagementAndGeneralAmt06337
IRS990/InsuranceGrp/ProgramServicesAmt062663
IRS990/InsuranceGrp/TotalAmt070408
IRS990/InterestGrp/FundraisingAmt027773
IRS990/InterestGrp/ManagementAndGeneralAmt0124978
IRS990/InterestGrp/ProgramServicesAmt01235896
IRS990/InterestGrp/TotalAmt01388647
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt041
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01833238
IRS990/LandBldgEquipBasisNetGrp/BOYAmt020265497
IRS990/LandBldgEquipBasisNetGrp/EOYAmt019859816
IRS990/LandBldgEquipCostOrOtherBssAmt021693054
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt019659442
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt01100000
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF INTRINSIC SCHOOLS IS TO CREATE A REVOLUTIONARY NEW SCHOOL MODEL IN ORDER TO 1) PREPARE ALL STUDENTS FOR POSTSECONDARY SUCCESS AND WORLD-CHANGING ENDEAVORS; AND 2) PROVIDE THE EDUCATION COMMUNITY WITH A ROADMAP TO SUSTAINABLE IMPLEMENTATION
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01852341
IRS990/NetAssetsOrFundBalancesEOYAmt02916078
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt06325
IRS990/OccupancyGrp/ManagementAndGeneralAmt028464
IRS990/OccupancyGrp/ProgramServicesAmt0368907
IRS990/OccupancyGrp/TotalAmt0403696
IRS990/OfficeExpensesGrp/FundraisingAmt06169
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt028644
IRS990/OfficeExpensesGrp/ProgramServicesAmt0275008
IRS990/OfficeExpensesGrp/TotalAmt0309821
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0372114
IRS990/OtherAssetsTotalGrp/EOYAmt03346875
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt04958
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt024954
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0257632
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0287544
IRS990/OtherExpensesGrp/Desc0CPS ADMINISTRATIVE FEE
IRS990/OtherExpensesGrp/Desc1STUDENT COSTS
IRS990/OtherExpensesGrp/Desc2EDUCATION MATERIALS
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt0441
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt077446
IRS990/OtherExpensesGrp/ProgramServicesAmt0251075
IRS990/OtherExpensesGrp/ProgramServicesAmt1234122
IRS990/OtherExpensesGrp/ProgramServicesAmt2103697
IRS990/OtherExpensesGrp/TotalAmt0251075
IRS990/OtherExpensesGrp/TotalAmt1234122
IRS990/OtherExpensesGrp/TotalAmt2103697
IRS990/OtherExpensesGrp/TotalAmt377887
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0104196
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt03521
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03521
IRS990/OtherRevenueTotalAmt03521
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt046760
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0340798
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03860202
IRS990/OtherSalariesAndWagesGrp/TotalAmt04247760
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt07209
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt037748
IRS990/PayrollTaxesGrp/ProgramServicesAmt0182763
IRS990/PayrollTaxesGrp/TotalAmt0227720
IRS990/PensionPlanContributionsGrp/FundraisingAmt01416
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt011390
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0271834
IRS990/PensionPlanContributionsGrp/TotalAmt0284640
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0863232
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01336603
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02356
IRS990/PrincipalOfficerNm0MELISSA ZAIKOS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0135268
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0135268
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06557611
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt073041
IRS990/PYOtherExpensesAmt03945465
IRS990/PYOtherRevenueAmt03300
IRS990/PYProgramServiceRevenueAmt090519
IRS990/PYRevenuesLessExpensesAmt0-200969
IRS990/PYSalariesCompEmpBnftPaidAmt02979975
IRS990/PYTotalExpensesAmt06925440
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06724471
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01063737
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0135268
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt011530030
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt06557611
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt05081662
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0730000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt023899303
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0257204
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt03521
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt03300
IRS990ScheduleA/OtherIncome170Grp/TotalAmt06821
IRS990ScheduleA/PublicSupportTotal170Amt023015070
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleA/SubstantialContributorsTotAmt0884233
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt011530030
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt06557611
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt05081662
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0730000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt023899303
IRS990ScheduleA/TotalSupportAmt023906124
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/BuildingsGrp/BookValueAmt016672893
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01104132
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt017777025
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0310660
IRS990ScheduleD/DonatedServicesUseFcltsAmt0310660
IRS990ScheduleD/EquipmentGrp/BookValueAmt0497822
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0469380
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0967202
IRS990ScheduleD/ExpensesNotReportedAmt0310660
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt010605082
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt02177785
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02177785
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01103758
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1636
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21700962
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3541519
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1EMPLOYEE ADVANCES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2CASH - RESTRICTED BY BOND INDENTURE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3BOND ISSUANCE COSTS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0511316
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0259726
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0771042
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0104196
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTEREST PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt0310660
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt011668819
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/TotalBookValueLandBuildingsAmt019859816
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03346875
IRS990ScheduleD/TotalExpensesPerForm990Amt010605082
IRS990ScheduleD/TotalLiabilityAmt0104196
IRS990ScheduleD/TotalRevenuePerForm990Amt011668819
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011979479
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010915742
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/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PUBLICIZES THAT THEY ARE AN OPEN ENROLLMENT SCHOOL WHICH EXTENDS ADMISSION TO ANY AND ALL STUDENTS, RESIDING IN CHICAGO, FOR THE OFFERED GRADE LEVELS. THIS MESSAGE IS COMMUNICATED BY ATTENDING COMMUNITY EVENTS, DISTRIBUTING PRINTED MATERIALS, FULL DISCLOSURE ON THEIR WEBSITE, AND OPEN COMMUNICATION WITH LOCAL GOVERNMENT OFFICIALS.

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$26,373,147
Liabilities
$23,457,069
Net assets
$2,916,078
Revenue
$11,668,819
Expenses
$10,605,082
Net income
$1,063,737
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$77.2$58.2$18.9$35.2$34.3$0.93
2023Detailed filing. Detailed filing data is available for this year.$77.1$59.1$18.0$32.7$31.0$1.78
2022Detailed filing. Detailed filing data is available for this year.$40.3$24.1$16.2$28.4$27.2$1.19
2021Detailed filing. Detailed filing data is available for this year.$39.8$24.8$15.0$21.2$20.5$0.63
2020Detailed filing. Detailed filing data is available for this year.$41.6$27.2$14.4$18.9$17.9$1.04
2019Detailed filing. Detailed filing data is available for this year.$34.8$21.5$13.3$21.8$13.9$7.91
2018Detailed filing. Detailed filing data is available for this year.$27.0$21.6$5.43$12.9$12.1$0.78
2017Detailed filing. Detailed filing data is available for this year.$26.3$21.6$4.65$13.7$12.0$1.74
2016Detailed filing. Detailed filing data is available for this year.$26.4$23.5$2.92$11.7$10.6$1.06
2015Detailed filing. Detailed filing data is available for this year.$22.4$20.5$1.85$6.72$6.93$0.20
2014Detailed filing. Detailed filing data is available for this year.$16.3$14.3$2.05$5.11$3.47$1.64
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.86$0.15$0.59