2026-05-15T14:13:14-05:00 2025-06-30 420714325 RSM US LLP 30 S Wacker Drive Ste 3300 Chicago IL 60606 990 2024-07-01 364002001 Lycee Francais de Chicago Inc LYCE 7736650066 1929 West Wilson Avenue Chicago IL 606405208 Michael Yager CFO 7736650066 2026-05-15 1 1 Ariel Garcia P02244437 3126343400 2026-05-15 2024 2025-03-06 01:10:19Z Eric Veteau 1929 West Wilson Avenue Chicago IL 606405208 24790496 0 X www.LyceeChicago.org X 1995 IL Private school, serving pre-K through 12th grade students. 16 16 315 315 0 0 1111100 1127394 21408871 22714462 574677 525553 228590 100445 23323238 24467854 1900457 2295519 0 0 15353694 16566803 0 0 414487 5178901 5816712 22433052 24679034 890186 -211180 52146659 53300896 29272608 30357803 22874051 22943093 X The Lycee Francais de Chicago, driven by our core values of respect, responsibility and the joy of learning, empowers students to grow into active global citizens. 0 0 21141742 2295519 22714462 Lycee Francais de Chicago is a private, not-for-profit, coeducational day school serving 773 students from pre-kindergarten through 12th grade. The Lycee Francais de Chicago prepares students to be responsible global citizens by providing a dynamic dual language, bicultural education that focuses on excellence through the French National Curriculum complemented by a strong English Language Arts and American Studies program. Our multicultural, dual-language curriculum brings together the best of the French and American education systems. It not only enhances our students' interpersonal, communication, and academic skills, it also helps them distinguish themselves in an increasingly competitive world. The Lycee belongs to the renowned worldwide French school system, which ensures the consistency and cohesiveness of its curriculum.LFC*daycare offers children 24-month and up an inviting space to play, learn and grow in a warm, bilingual environment. It is a year long program open Monday-Friday from 7am to 6pm. 21141742 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 56 0 1 315 1 0 1 FR 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X Mike Yager 7736650066 1929 West Wilson Avenue Chicago IL 606405208 Brigitte Ozzello Chair 5.00 X X 0 0 0 Xavier Laurens Treasurer 5.00 X X 0 0 0 Randy Bridgeman Secretary 5.00 X X 0 0 0 Virginie Ott-Bono Past Chair 1.00 X 0 0 0 Ross Allen Trustee 1.00 X 0 0 0 Pierre-Andre Balson Trustee 1.00 X 0 0 0 Joanne Barry-Bobule Trustee 1.00 X 0 0 0 Tatiana Bonuma Trustee until 12/24 1.00 X 0 0 0 Keith Brennan Trustee 1.00 X 0 0 0 Kelsey Burr Trustee 1.00 X 0 0 0 Quentin Calder Trustee 1.00 X 0 0 0 Victoria Ghanem Trustee 1.00 X 0 0 0 Marissa Ingley Trustee until 12/24 1.00 X 0 0 0 Eric Jensen Trustee 1.00 X 0 0 0 Jake Kahn Trustee 1.00 X 0 0 0 Jenn Lajano Trustee 1.00 X 0 0 0 Jennifer Lee Trustee 1.00 X 0 0 0 Pierre Lorieau Trustee 1.00 X 0 0 0 Eric Veteau President 40.00 X 332992 0 21942 Mike Yager CFO 40.00 X 303712 0 83426 Sarah Galer CCMO 40.00 X 149962 0 31768 Philippe Audasso Director of Athletics 40.00 X 130304 0 32161 Irina Lobo-Ziemann Director of Information Technology 40.00 X 132675 0 60734 Sebastien Tourlouse Director of IB 40.00 X 118344 0 54139 Delphine Geannopulos Director of Middle School 40.00 X 114475 0 25002 1282464 0 309172 13 0 1 0 Danmark Security 800 Wells Street Suite M5 Chicago IL 60607 Building Security Services 264666 Baako Bus Company LLC 5411 S Hyde Park Blvd Unit 3N Chicago IL 60615 Bus Services 130133 China Friends LLC 708 Juneway Ave Deerfield IL 60015 Summer Camp Programming 105212 Patricia Ayers Crawford 3856 Blood Brook Rd Fairlee VT 05045 Consulting Services 105000 4 348627 90809 687958 1127394 Tuition and Fees 611110 19703570 19703570 Extra Curricular Activties 900099 1251991 1251991 Summer Camp 900099 1006580 1006580 Daycare 900099 457007 457007 Sports Activities 900099 250199 250199 45115 45115 22714462 525553 525553 334810 348627 322642 12168 12168 88277 88277 88277 24467854 22714462 0 625998 2295519 2295519 648575 555917 80098 12560 12757153 10934614 1575498 247041 325343 272481 42149 10713 1846616 1546110 239380 61126 989116 853680 116114 19322 64349 64349 94668 94668 454027 225481 213773 14773 178575 11510 147407 19658 466473 339424 120514 6535 81934 31732 46274 3928 1250452 1169567 73840 7045 50758 40099 10659 824889 771531 48710 4648 1245480 1007898 230609 6973 136927 119893 16869 165 Student Supplies 924807 922913 1894 Bad Debt Expense 43373 43373 24679034 21141742 3122805 414487 2615987 5208312 25000 44819 262478 630044 189898 187314 44367791 10933784 32722527 33434007 14231785 11025208 2098984 2771192 52146659 53300896 2209166 2503087 5311015 5833560 20618979 20082131 1133448 1939025 29272608 30357803 X 22360473 22235107 513578 707986 22874051 22943093 52146659 53300896 -211180 280222 0 X 0 1 X 1 0 X 3505928 3173924 2057866 1111100 1127394 10976212 3505928 3173924 2057866 1111100 1127394 10976212 10976212 19960 39786 375952 574677 525553 1535928 24430 79059 12168 115657 22459 55781 154749 149531 88277 470797 13098594 98045654 0.83800 0.78040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 1106382 92624 1199006 101647 1000000 4735 1106382 101123 524 101647 101104 1036 1017 101123 101084 40 20 101104 0.90691 0.09309 0.00000 0 0 7078000 7078000 33724773 8016951 25707822 2711471 2189545 521926 853547 727288 126259 33434007 Deposit for Loan Guarantee 1035715 Lease Right-Of-Use Assets 1735477 2771192 Parent Association Fund 71242 Lease Liability 1867783 1939025 X 24251743 280222 90500 -586833 -216111 24467854 0 24467854 24182701 90500 90500 24092201 586833 586833 24679034 Part III, Line 1a: The School owns a collection which consists of photographs by Christian Boltanski, a contemporary French conceptual artist and photographer, and is not recognized as an asset on the statements of financial position. Purchases of collection items are recorded as decreases in net assets without donor restrictions in the year in which the items are acquired. Proceeds from deaccession are reflected as increases in net assets without donor restrictions. There were no amounts deaccessed during the fiscal years ended June 30, 2025 and 2024. Part III, Line 4: Artwork by French artist to further the French culture at the school. Part V, Line 4: Building and Maintenance Expenses Part X, Line 2: The School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and applicable state law, except for taxes pertaining to unrelated business income, if any. The School follows the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the School may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the School and various positions related to the potential source of unrelated taxable income. There were no unrecognized tax benefits identified or recorded as liabilities for the reporting periods presented herein. The School files Forms 990 in the U.S. federal jurisdiction and the State of Illinois. Part XI, Line 2d - Other Adjustments: Financial Aid -586,833. Part XII, Line 4b - Other Adjustments: Financial Aid 586,833. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Lycee Francais de Chicago's non-discrimination statement is in all advertisements that we run, however, we have not placed advertisements or notices addressing solely our non-discrimination policy. Schedule E, Part I, Line 6 The organization receives Title IV funds and other assistance from a governmental agency Europe (Including Iceland & Greenland) 0 0 Program Services Educational Trip 113693 North America 0 0 Program Services Educational Trip 99613 South America 0 0 Program Services Educational Trip 75115 East Asia and the Pacific 0 0 Program Services Educational Trip 42650 0 0 0 0 0 0 331071 0 331071 0 0 0 0 0 0 Soiree Dinner 528584 307869 220715 10500 112494 18801 63126 French Market 103311 28817 74494 25612 3244 40260 3 51542 11941 39601 1644 1993 971 43997 683437 348627 334810 12144 140099 23016 147383 322642 12168 1 Financial Aid 152 2295519 Part I, Line 2: Financial aid is dispersed according to need. X X 0 0 0 0 0 0 0 1 0 Mike Yager CFO 224504 0 79208 0 0 0 12539 0 70887 0 387138 0 0 0 Eric Veteau President 332992 0 0 0 0 0 13385 0 8557 0 354934 0 0 0 Irina Lobo-Ziemann Director of Information Technology 132675 0 0 0 0 0 5519 0 55215 0 193409 0 0 0 Sarah Galer CCMO 149962 0 0 0 0 0 6400 0 25368 0 181730 0 0 0 Sebastien Tourlouse Director of IB 118344 0 0 0 0 0 4807 0 49332 0 172483 0 0 0 Philippe Audasso Director of Athletics 130304 0 0 0 0 0 5650 0 26511 0 162465 0 0 0 Part I, Line 7 The Chief Financial Officer received a discretionary bonus during the year which was subject to approval by the President. The bonus is reported on Part II, column B(ii). Form 990, Part VI, Section B, line 11b The Board Finance Committee reviews and approves the Form 990 on behalf of the Board of Trustees before the Form 990 is filed with the IRS. Form 990, Part VI, Section B, line 12c By the nature of Lycee Francais de Chicago's conflict of interest policy, no business transactions are undertaken with any Trustee or the business of any Trustee. Form 990, Part VI, Section B, line 15 The President's compensation was determined by the Board of Trustees. Comparison data and peer market validation was used in determining the compensation. The process was documented. The employees who report directly to the President, including the Chief Financial Officer. The President evaluates performance and checks the salary scales of other schools on ISACS and NAIS sites. Form 990, Part VI, Section C, line 19 The organization's governing documents and the conflict of interest policy are available upon request. The financial statements are available to the public upon request for the same period of disclosure as set forth in IRC Section 6104(d).