Civic Intelligence

Chicago Friends School

EIN 80-0197986 • 501(c)3 • Chicago, IL

Profile

Education of children in an evolving supportive and diverse community, resulting in academic excellence and spiritual depth. The school is rooted in the quaker values of peace, equality, simplicity, integrity, community and service.

1246 W ThorndaleChicago, IL 60660

www.chicagofriendsschool.org

Siviq Scores

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

Liabilities / Assets

80th percentile

0.31x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.08x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

19th percentile

-15%

Higher net margin than 19% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

4th percentile

-55%

Faster asset growth than 4% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

25th percentile

-9.1%

Faster revenue growth than 25% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$136,251

Down $168,181 (-55%) from 2023

Liabilities

Down

$41,998

Down $115,105 (-73%) from 2023

Net Assets

Down

$94,253

Down $53,076 (-36%) from 2023

Revenue

Down

$507,956

Down $51,154 (-9.1%) from 2023

Expenses

Down

$583,923

Down $28,318 (-4.6%) from 2023

Net Income

Down

-$75,967

Down $22,836 (-43%) from 2023

Trend Graphs

Balance Sheet Trend

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

$400K$200K$0-$200KAssets 2013: $39,511Liabilities 2013: $70,9602013Assets 2014: $16,446Liabilities 2014: $60,168Net Assets 2014: -$43,7222014Assets 2015: $44,289Liabilities 2015: $63,857Net Assets 2015: -$19,5682015Assets 2016: $78,040Liabilities 2016: $90,653Net Assets 2016: -$12,6132016Assets 2017: $132,322Liabilities 2017: $107,736Net Assets 2017: $24,5862017Assets 2018: $200,181Liabilities 2018: $136,843Net Assets 2018: $63,3382018Assets 2019: $121,283Liabilities 2019: $81,335Net Assets 2019: $39,9482019Assets 2020: $119,149Liabilities 2020: $123,221Net Assets 2020: -$4,0722020Assets 2021: $190,476Liabilities 2021: $95,353Net Assets 2021: $95,1232021Assets 2022: $357,041Liabilities 2022: $139,503Net Assets 2022: $217,5382022Assets 2023: $304,432Liabilities 2023: $157,103Net Assets 2023: $147,3292023Assets 2024: $136,251Liabilities 2024: $41,998Net Assets 2024: $94,2532024

Highlighted filing

2024

Assets$136,251
Liabilities$41,998
Net Assets$94,253

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2013: $75,210Expenses 2013: $117,843Net Income 2013: -$42,6332013Revenue 2014: $127,946Expenses 2014: $144,311Net Income 2014: -$16,3652014Revenue 2015: $174,353Expenses 2015: $150,199Net Income 2015: $24,1542015Revenue 2016: $219,435Expenses 2016: $204,110Net Income 2016: $15,3252016Revenue 2017: $346,505Expenses 2017: $309,306Net Income 2017: $37,1992017Revenue 2018: $441,553Expenses 2018: $407,792Net Income 2018: $33,7612018Revenue 2019: $457,026Expenses 2019: $480,415Net Income 2019: -$23,3892019Revenue 2020: $516,406Expenses 2020: $560,426Net Income 2020: -$44,0202020Revenue 2021: $685,957Expenses 2021: $586,762Net Income 2021: $99,1952021Revenue 2022: $800,568Expenses 2022: $678,153Net Income 2022: $122,4152022Revenue 2023: $559,110Expenses 2023: $612,241Net Income 2023: -$53,1312023Revenue 2024: $507,956Expenses 2024: $583,923Net Income 2024: -$75,9672024

Highlighted filing

2024

Revenue$507,956
Expenses$583,923
Net Income-$75,967

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$518,994
Mission and Program Overview

Mission

Education of children in an evolving, supportive and diverse community, resulting in academic excellence and spiritual depth. The School is rooted in the Quaker values of Peace, Equality, Simplicity, Integrity, Community and Service.

Mission StatementChicago Friends School rooted in the Quaker values of simplicity, peace,integrity, community, equity, and stewardship develops the academic skills andstrong character that K-8 students need to grow into purposeful lives.Vision StatementOur supportive and diverse school environment will nurture people to their fullacademic, creative, and spiritual potential and build character and love oflearning within each person. Chicago Friends School students, graduates, andcommunity members live Quaker values as they learn to engage with each otherand the wider world. Chicago Friends School graduates people with the skills,experiences, and confidence to bring about a better world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$125,489$89,836▼ $35,653
Savings and Temporary Cash Investments$50,402$36,000▼ $14,402
Prepaid Expenses and Deferred Charges$7,219$0▼ $7,219
Accounts Receivable$6,728$4,679▼ $2,049
Land, Buildings, and Equipment, Net$2,379$3,236▲ $857
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$194,717$136,251▼ $58,466
Other Assets Total$2,500$2,500→ $0
Liabilities
Deferred Revenue$18,460$40,198▲ $21,738
Accounts Payable and Accrued Expenses$6,037$1,800▼ $4,237
Total Liabilities$24,497$41,998▲ $17,501
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$170,220$94,253▼ $75,967
Total Net Assets Fund Balance$170,220$94,253▼ $75,967
Total Liabilities and Net Assets / Fund Balance$194,717$136,251▼ $58,466

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,236$3,622-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Karen CarneyExecutive DirectorFT$82,488$82,488

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$93,635
Program Service Revenue
$402,691
Investment Income
$1,350
Other Revenue
$10,280
All Other Contributions
$65,170
Change in Net Assets
$-75,967

Audited Revenue Reconciliation

Revenue per Audited Statements
$507,956
Total Revenue per Audited Statements
$507,956
Total Revenue per Form 990
$507,956
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$362,970
Other Expenses$220,953
Total Fundraising Expense$9,990
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$227,904$18,242$2,499$248,645
Occupancy$116,687$10,042$2,444$129,173
Current Officers, Directors, Trustees, and Key Employees$70,115$8,249$4,124$82,488
Fees for Services Other$11,088$40,761-$51,849
Payroll Taxes$23,371$2,077$519$25,967
Insurance-$7,746-$7,746
Office Expenses$1,392$5,270-$6,662
Other Employee Benefits$5,090$679$101$5,870
Other Expenses$1,195$1,150$105$1,150
All Other Expenses$713$170$198$1,081
Information Technology-$703-$703
Conferences and Meetings$573$79-$652
Depreciation Depletion-$211-$211
Total Functional Expenses$476,629$97,304$9,990$583,923

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$583,923
Total Expenses per Audited Statements$583,923
Total Expenses per Form 990$583,923
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$21,318
Fundraising Direct Expenses$11,038
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$49,783$21,318$1,138$20,180
Total Events$49,783$21,318$11,038$10,280
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

The treasurer reviews the draft form 990 and board members are subsequently provided a copy of such they are asked to revuew the form and submit questions or changes board members approve the final version of the form before it is filed

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

The board reviews the salary of the director on an annual basis

Form 990, Part VI, Section C, Line 19

The organization's by laws are published on its public website

Filing and Contact Details

Filer

Filer Name
Chicago Friends School
EIN
80-0197986
Phone
7734422371
Address
1246 W THORNDALE, CHICAGO, IL 60660

Signing Officer

Name
Karen Carney
Title
Executive Director
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Carney
Formed
2008
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
7
Employees
11
Volunteers
26

Preparer

Firm
Il Nfp Audit and Tax Llp
Address
200 S WACKER DR SUITE 3100, CHICAGO, IL 60606
Preparer
Alfredo Rodriguez CPA
Phone
3129985500
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Fin 48 - the organization is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code; therefore, the financial statements do not include a provision for income taxes. The organization reviews income tax positions taken or expected to be taken in income tax returns to determine if there are any income tax uncertainties. This includes positions that the entity is exempt from income taxes or not subject to income taxes on unrelated business income. The organization recognizes tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by taking authorities, based on the technical merits of the positions. The organization files information returns as a tax-exempt organization. Should that status be challenged in the future, all years since inception could be subject to review by the irs.

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IRS990/MissionDesc0Mission StatementChicago Friends School rooted in the Quaker values of simplicity, peace,integrity, community, equity, and stewardship develops the academic skills andstrong character that K-8 students need to grow into purposeful lives.Vision StatementOur supportive and diverse school environment will nurture people to their fullacademic, creative, and spiritual potential and build character and love oflearning within each person. Chicago Friends School students, graduates, andcommunity members live Quaker values as they learn to engage with each otherand the wider world. Chicago Friends School graduates people with the skills,experiences, and confidence to bring about a better world.
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IRS990/OtherExpensesGrp/Desc0EDUCATION SUPPLIES
IRS990/OtherExpensesGrp/Desc1DUES & SUBCRIPTIONS
IRS990/OtherExpensesGrp/Desc2Printing and Publications
IRS990/OtherExpensesGrp/Desc3Telecommunications
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IRS990/OtherExpensesGrp/TotalAmt31150
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0248645
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07219
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IRS990/PrincipalOfficerNm0KAREN CARNEY
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IRS990/ProgSrvcAccomActy2Grp/Desc0BEFORE AND AFTER CARE - THE PROGRAM OFFERS SUPERVISED FREE TIME. THE TIME CAN BE SPENT IN PLAY IN OTHE SCHOOL GYMNASIUM, CREATIVE PLAY, READING, GAME PLAYING, OR HOMEWORK COMPLETION.
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IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 48 - THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; THEREFORE, THE FINANCIAL STATEMENTS DO NOT INCLUDE A PROVISION FOR INCOME TAXES. THE ORGANIZATION REVIEWS INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS TO DETERMINE IF THERE ARE ANY INCOME TAX UNCERTAINTIES. THIS INCLUDES POSITIONS THAT THE ENTITY IS EXEMPT FROM INCOME TAXES OR NOT SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME. THE ORGANIZATION RECOGNIZES TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAKING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITIONS. THE ORGANIZATION FILES INFORMATION RETURNS AS A TAX-EXEMPT ORGANIZATION. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE IRS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
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IRS990ScheduleE/MaintainCpyOfAllSolInd0true
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IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PUBLISHES ITS NON-DISCRIMINATION POLICY IN THE ADMISSIONS SECTION OF ITS PUBLIC WEBSITE (CHICAGOFRIENDSSCHOOL.ORG)
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TREASURER REVIEWS THE DRAFT FORM 990 AND BOARD MEMBERS ARE SUBSEQUENTLY PROVIDED A COPY OF SUCH THEY ARE ASKED TO REVUEW THE FORM AND SUBMIT QUESTIONS OR CHANGES BOARD MEMBERS APPROVE THE FINAL VERSION OF THE FORM BEFORE IT IS FILED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS THE SALARY OF THE DIRECTOR ON AN ANNUAL BASIS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S BY LAWS ARE PUBLISHED ON ITS PUBLIC WEBSITE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0true

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