2023-05-08T16:53:27-05:00 2022-06-30 362938874 OSTROW REISIN BERK & ABRAMS LTD 455 N CITYFRONT PLAZA DR SUITE 1500 CHICAGO IL 60611 990 2021-07-01 364141583 CHICAGO CHARTER SCHOOL FOUNDATION CHIC 3126515000 11 EAST ADAMS 600 CHICAGO IL 60603 KRIS CHEUNG CHIEF EXECUTIVE OFFICER 3126515000 2023-05-07 1 KRIS CHEUNG 999009999 JAMES G QUAID P00641738 3126707444 2023-05-07 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z CHICAGO INTERNATIONAL CHARTER SCHOOL KRIS CHEUNG 11 EAST ADAMS 600 CHICAGO IL 60603 145999536 0 X WWW.CHICAGOINTL.ORG X 1997 IL OUR VIBRANT NETWORK OF DIVERSE CHICAGO CHARTER SCHOOLS ENABLES STUDENTS TO THRIVE EVERY DAY, PUTS THEM ON A PATH TO SUCCESS IN COLLEGE AND LIFE, AND EMPOWERS ENTREPRENEURIAL EDUCATORS TO PURSUE EXCELLENCE THROUGH INNOVATION. 8 8 749 8 0 0 107368944 118583279 4179782 7521730 834329 778751 67692 36343 112450747 126920103 0 0 0 0 72960348 76654672 0 0 101883 36049921 44079359 109010269 120734031 3440478 6186072 115297280 120200318 69184252 71020650 46113028 49179668 OUR VIBRANT NETWORK OF DIVERSE CHICAGO CHARTER SCHOOLS ENABLES STUDENTS TO THRIVE EVERY DAY, PUTS THEM ON A PATH TO SUCCESS IN COLLEGE AND LIFE, AND EMPOWERS ENTREPRENEURIAL EDUCATORS TO PURSUE EXCELLENCE THROUGH INNOVATION. 0 0 98395071 7521730 PROVIDE EDUCATIONAL OPPORTUNITIES FOR YOUTH THROUGH THE OPERATION OF 14 CAMPUS LOCATIONS SERVING 7,317 STUDENTS IN GRADES KINDERGARTEN THROUGH TWELVE DURING FY JUNE 30, 2022. CICS' VIBRANT HUB OF DIVERSE CHICAGO CHARTER SCHOOLS ENABLES STUDENTS TO THRIVE EVERY DAY, PUTS THEM ON A PATH TO SUCCESS IN COLLEGE AND LIFE, AND EMPOWERS ENTREPRENEURIAL EDUCATORS TO PURSUE EXCELLENCE THROUGH INNOVATION. 98395071 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 129 0 749 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X ANITA GETER 3126515000 11 EAST ADAMS 600 CHICAGO IL 60603 CHRISTINE LEUNG PRESIDENT 40.00 X 198905 0 35296 LAHARI GOUD CEP PRESIDENT 40.00 X 169631 0 12928 PELIN DENIZ CHIEF OPERATIONS OFFICER 40.00 X 166948 0 11996 TORRY BENNETT-DAVIS CEP CHIEF EXECUTIVE OFFICER 40.00 X 151126 0 14123 HIMALI PATEL CFO - TERM 40.00 X 130472 0 23213 EDWINDRA JOHNSON CHIEF PEOPLE OFFICER 40.00 X 136380 0 17254 DERRICK ORR CEP SCHOOL PRINCIPAL 40.00 X 134342 0 17781 LINDSEY GIRARD SCHOOL DIRECTOR 40.00 X 144606 0 6933 YESICA RUFINO-PEREZ CHIEF GOVERNANCE OFFICER 40.00 X 135237 0 6131 TAQUIA HYLTON CEP SCHOOL PRINCIPAL 40.00 X 129879 0 9056 TYSON DANIEL SCHOOL PRINCIPAL 40.00 X 110226 0 23797 KEVYN HARMON CEP CHIEF OPERATIONS OFFICER 40.00 X 126810 0 0 ALAN JACKSON DIRECTOR OF INFORMATION TECHNOLOGY 40.00 X 113335 0 5351 ALLISON HANSEN CHIEF ACADEMIC OFFICER 40.00 X 103432 0 8705 PETE PELLEGRINO CHIEF FINANCIAL OFFICER 40.00 X 0 0 0 MATSUO MARTI CHIEF SCHOOLS OFFICER 40.00 X 68415 0 0 STACEY RUBIN MANAGING DIRECTOR MARKETING 40.00 X 0 0 0 KRIS CHEUNG CHIEF EXECUTIVE OFFICER 40.00 X 53233 0 543 DAVID BLINDERMAN PRESIDENT 2.00 X 0 0 0 DAVID CHIZEWER DIRECTOR 2.00 X 0 0 0 TIFFANY N JOHNSON DIRECTOR 2.00 X 0 0 0 VENKAT MADDILA DIRECTOR 2.00 X 0 0 0 MARK MORGAN DIRECTOR 2.00 X 0 0 0 BRIAN NOVELLINE DIRECTOR 2.00 X 0 0 0 ILEANA P RODRIGUEZ DIRECTOR 2.00 X 0 0 0 EVAN SHARP DIRECTOR 2.00 X 0 0 0 2072977 0 193107 23 0 1 0 PROGRESSUS THERAPY LLC 1780 KENDARBREN DRIVE JAMISON PA 18929 SCHOOL-BASED THERAPY 514512 STEPPING STONES GROUP LLC PO BOX 6280 CAROL STREAM IL 60197 STAFFING SERVICES 238464 MONTREAL VILLARREAL 217 W HURON SUITE LL5 CHICAGO IL 60654 CONSTRUCTION SERVICES 188770 DARRICK BOBO 1200 RING ROAD 1506 CALUMET CITY IL 60409 ELECTRICIAN 174245 PROPERTY MANAGEMENT EXPERTS LLC 1734 N 78TH CT ELMWOOD PARK IL 60707 CLEANING SERVICES 164153 12 118350687 232592 356245 118583279 SCHOOL LUNCH PROGRAM 611600 6547138 6547138 STUDENT FEES, BOOKSTORE, EXTENDED 611600 974592 974592 7521730 455427 455427 19402757 19079433 323324 323324 323324 OTHER INCOME 611600 36343 36343 36343 126920103 7521730 0 815094 1900213 242336 1614882 42995 59688720 53918049 5725888 44783 6702786 6175879 523261 3646 5930339 5345393 575930 9016 2432614 2198249 234365 4467240 4467240 6497853 3007017 3490836 10654058 7860808 2791955 1295 5747830 5468129 279701 2253909 2253292 617 5798118 5691872 106098 148 STUDENT PROGRAMS 6234047 6234047 CPS ADMIN FEE 2426304 2426304 120734031 98395071 22237077 101883 24949541 27065733 3445950 8510188 518931 564618 99703612 54883166 48103635 44820446 24446207 21952456 13833016 17286877 115297280 120200318 8695560 9798943 49117963 48192807 2281004 331004 9089725 12697896 69184252 71020650 X 45933546 49155509 179482 24159 46113028 49179668 115297280 120200318 6186072 -3119432 0 X 0 1 X 1 1 1 X 100259502 100842948 102991448 107368944 118583279 530046121 601747 586645 584407 923692 459765 3156256 100861249 101429593 103575855 108292636 119043044 533202377 533202377 349544 897962 730377 518933 455427 2952243 710155 452336 99218 67694 36343 1365746 537520366 30375858 0.99200 0.99120 X 1470900 1470900 67784711 28969517 38815194 20080360 17529943 2550417 9672890 8383706 1289184 694751 694751 44820446 DEPOSITS 32233 CASH & INVESTMENTS RESTRICTED BY BOND INDENTURE 4240796 DUE FROM MANAGEMENT COMPANY 772600 ROU ASSETS 12241248 17286877 OPERATING AND FINANCE LEASES 12697896 12697896 X 124260436 -3119432 459765 -2659667 126920103 0 126920103 121193796 459765 459765 120734031 0 120734031 PART X, LINE 2: THE FOUNDATION 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 HAS DETERMINED THAT THE FOUNDATION IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2022 AND 2021. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THROUGH THE SCHOOL MANAGEMENT ORGANIZATIONS AND APPLICATION PROCESS, THE FOUNDATION FULLY DISCLOSES ITS NONDISCRIMINATORY POLICY TO ALL POTENTIAL STUDENTS. COPIES OF THE POLICY ARE AVAILABLE UPON REQUEST. SCHEDULE E, PART I, LINE 6 THE FOUNDATION RECEIVES FEDERAL AND STATE GOVERNMENTAL FUNDS PASSED THROUGH CHICAGO PUBLIC SCHOOLS TO ASSIST IN THE FOUNDATION'S EFFORTS TO PROVIDE A FREE EDUCATION, OPEN TO THE PUBLIC, AND AVAILABLE TO ANY CITY OF CHICAGO STUDENT. X X 0 0 0 0 0 0 0 0 0 CHRISTINE LEUNG PRESIDENT 198905 0 0 0 0 0 19500 0 15796 0 234201 0 0 0 LAHARI GOUD CEP PRESIDENT 169631 0 0 0 0 0 6706 0 6222 0 182559 0 0 0 PELIN DENIZ CHIEF OPERATIONS OFFICER 166948 0 0 0 0 0 5865 0 6131 0 178944 0 0 0 TORRY BENNETT-DAVIS CEP CHIEF EXECUTIVE OFFICER 151126 0 0 0 0 0 3717 0 10406 0 165249 0 0 0 HIMALI PATEL CFO - TERM 130472 0 0 0 0 0 18481 0 4732 0 153685 0 0 0 EDWINDRA JOHNSON CHIEF PEOPLE OFFICER 136380 0 0 0 0 0 0 0 17254 0 153634 0 0 0 DERRICK ORR CEP SCHOOL PRINCIPAL 134342 0 0 0 0 0 9434 0 8347 0 152123 0 0 0 LINDSEY GIRARD SCHOOL DIRECTOR 144606 0 0 0 0 0 0 0 6933 0 151539 0 0 0 PART I, LINE 3 COMPENSATION FOR THE FOUNDATION'S CHIEF EXECUTIVE OFFICER IS ESTABLISHED BY A COMPENSATION COMMITTEE ON THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS THEN APPROVES THE COMPENSATION COMMITTEE'S RECOMMENDATION. A ILLINOIS FINANCE AUTHORITY 861091967 452022BR6 2017-11-30 54626298 IFA SERIES 2017 BOND, SEE PART VI 0 0 0 A 4215000 55036372 3229386 1030286 11777092 38999608 2020 1 0 0 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 1 1 0 0 0 0 1 A 1 SCHEDULE K, PART I A(F) TO REFUND SERIES 2007 BONDS AND TO FINANCE FACILITY IMPROVEMENTS AT THE NORTHTOWN, LONGWOOD, AND BASIL CAMPUSES. SCHEDULE K, PART II, LINE 3 THE AMOUNT INCLUDES INVESTMENT EARNINGS ON THE PROJECT FUND AND ON THE RESERVE FUND FOR THE PERIOD ENDING 6/30/22. SCHEDULE K, PART II, LINE 4 AMOUNT SHOWN IS THE AMOUNT ON DEPOSIT ON 6/30/22, WHICH IS DIFFERENT FROM THE AMOUNT INITIALLY DEPOSITED IN THE RESERVE OF $3,180,000. SCHEDULE K, PART II, LINE 11 THIS AMOUNT WAS USED TO REFUND PRIOR BONDS. SCHEDULE K, PART II, LINE 12 THERE WERE NO UNSPENT PROCEEDS AS OF 6/30/22. SCHEDULE K, PART II, LINE 13 THE FINANCED PROJECTS WERE SUBSTANTIALLY COMPLETED BY 6/30/2022. SCHEDULE K, PART III, LINE 4 THE PERCENTAGE OF FINANCED PROPERTY USED IN A PRIVATE BUSINESS BY ENTITIES OTHER THAN A SECTION 501(C)(3) ORGANIZATION OR A STATE OR LOCAL GOVERNMENT IS ZERO. SCHEDULE K, PART III, LINE 5 THE PERCENTAGE OF FINANCED PROPERTY USED IN A PRIVATE BUSINESS USE AS A RESULT OF UNRELATED TRADE OR BUSINESS ACTIVITY CARRIED ON BY THE ORGANIZATION, ANOTHER 501(C)(3) ORGANIZATION, OR A STATE OR LOCAL GOVERNMENT IS ZERO. SCHEDULE K, PART IV, LINE 2C ON OR ABOUT 02/02/2021 OUR REBATE CONSULTANT INFORMED US THAT HE DID NOT SEE ANY REBATE EXPOSURE AT THAT TIME. WE EXPECT TO HAVE A FORMAL REBATE COMPUTATION PERFORMED IN 2022 BEFORE THE FIRST POSSIBLE DUE DATE FOR ANY REBATE ON THIS BOND ISSUE. X FOOD COMMODITIES 1 356245 WHOLESALE VALUE 0 0 0 PART IV LINE 24C - TAX-EXEMPT BONDS: A TRUSTEE DOES MAINTAIN A DEBT SERVICE RESERVE FUND AND A CAPITALIZED INTEREST FUND FOR TAX-EXMPT BONDS, BUT SINCE THESE FUNDS ARE NOT USED TO DEFEASE ANY TAX-EXEMPT BONDS, THE ORGANIZATION HAS ANSWERED "NO" TO #24C. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE ASSISTS IN PREPARING AND THEN REVIEWS A DRAFT OF FORM 990 THAT IS INITIALLY PREPARED BY THE FOUNDATION'S CPA FIRM. A FINAL COPY OF FORM 990 IS PROVIDED TO THE FULL BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MANAGEMENT OR BOARD MEMBERS BRING ANY POTENTIAL CONFLICTS OF INTEREST TO THE ATTENTION OF THE BOARD FOR REVIEW AND DISCUSSION. THE FOUNDATION ACTIVELY MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY AND REQUESTS EACH BOARD MEMBER TO SIGN ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A A COMPENSATION COMMITTEE, INCLUDING THE BOARD TREASURER AND OTHER DESIGNATED BOARD MEMBERS, REVIEW THE COMPENSATION FOR THE EXECUTIVE DIRECTOR. IN ADDITION, THE FINANCE COMMITTEE REVIEWS THE COMPENSATION OF ALL EMPLOYEES AS PART OF THE ANNUAL BUDGET REVIEW. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION FURNISHES ITS ANNUAL AUDITED FINANCIAL STATEMENTS UPON REQUEST. SCHEDULE R PART I - IDENTIFICATION OF DISREGARDED ENTITIES: THE FOUNDATION IS THE SOLE MANAGER AS WELL AS THE SOLE MEMBER OF CIVITAS EDUCATION PARTNERS, LLC. THE FOUNDATION IS THE SOLE MANAGER OF BOTH CIVITAS SCHOOLS, LLC AND QUEST MANAGEMENT, LLC. CIVITAS EDUCATION PARTNERS, LLC IS THE SOLE MEMBER OF BOTH CIVITAS SCHOOLS, LLC AND QUEST MANAGEMENT, LLC. THE INFO REPORTED ON SCHEDULE R PART I FOR CIVITAS EDUCATION PARTNERS, LLC INCLUDES INFO OF BOTH CIVITAS SCHOOLS, LLC AND QUEST MANAGEMENT, LLC. CIVITAS EDUCATION PARTNERS LLC 901 WEST JACKSON BOULEVARD SUITE 20 CHICAGO IL 60607 452578723 SCHOOL MANAGEMENT COMPANY IL 32215696 8082654 CHICAGO CHARTER SCHOOL FOUNDATION CHICAGO INTERNATIONAL CHARTER SCHOOL BACK-OFFICE SERVICES 11 E ADAMS SUITE 600 CHICAGO IL 60603 825440045 ADMINISTRATIVE SERVICES IL CHICAGO CHARTER SCHOOL FOUNDATION C 8170 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1