2023-11-06T12:19:38-06:00 2022-12-31 420714325 RSM US LLP 30 South Wacker Dr Suite 3300 Chicago IL 606063392 990 2022-01-01 364279013 Chicago Public Education Fund CHIC 3125584500 200 West Adams 1175 Chicago IL 606065230 Heather Y Anichini President & CEO 3125584500 2023-11-02 1 Heather Anichini XXX-XX-XXXX 0 Rebekuh Eley P01247672 3126343400 2023-11-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Heather Y Anichini 200 West Adams 1175 Chicago IL 606065230 38389569 0 X www.TheFundChicago.org X 1999 IL The Fund improves public schools by investing in the talented educators who lead them. 27 26 41 27 0 0 5360177 24987900 0 0 -38710 -300138 0 0 5321467 24687762 609001 711499 0 0 2355038 2735269 0 61142 299790 2584598 2387407 5548637 5895317 -227170 18792445 21727022 40657031 1071238 1468698 20655784 39188333 X The Chicago Public Education Fund (The Fund) is a nonprofit organization that improves public schools in Chicago by investing in the talented educators who lead them. We are a catalyst for accelerating student learning and a long-standing leader in identifying and scaling what works for not only teachers and principals, but also their students. 0 0 1871958 586999 0 Programmatic SupportsThe Fund supports principals and aspiring principals through quality programming, actionable data, and public reporting. Fund programs are open to all educators leading in Chicago's public schools. We serve leaders in schools across the city, representing a diversity of school types, including elementary, high school, charter, and district. Our two largest programs were Professional Learning Communities and the Summer Design Program. These programs accounted for 167 (53%) and 77 (24%) of our participant slots, respectively. Both programs aimed to meet principal and aspiring principal needs and were regularly featured on our website and in our reports.Professional Learning Communities allowed school leaders to participate in yearlong peer-learning groups led by the city's top principals. Participants engaged in reflective journeys, designed to help them understand their leadership more deeply, learn new skills, encourage innovative practices in their buildings, and advance positive school culture. Professional Learning Community leaders were frequently featured on our website.Our Summer Design Program equipped educators with the resources to create student-centered solutions to school-based challenges. Participants designed and tested new or modified approaches to teaching, learning, and climate. Some of the promising practices that emerged were featured in a series of case studies. In addition to the Professional Learning Communities and the Summer Design Program, our team managed two principal fellowships, a program focused on aspiring principals, and piloted a Masterclass series in 2022. The Fund's programs supported 315 leaders across 246 schools, serving 130,000 students across the city. 1865552 124500 0 Systems, Data, and PoliciesThe Fund has invested in educator talent in Chicago for over 20 years. In the last decade, our focus has narrowed on school leaders. Chicago's school leaders shoulder tremendous responsibilities, and they require the autonomy to act on the needs of their communities. As such, The Fund's policy work is dedicated to building a culture of strong local leadership in Chicago. We deeply value our partnerships with other organizations in our systems-level work. In 2022, we worked most closely with our partners at Chicago Public Schools. Our annual Principal Engagement Survey and new Assistant Principal Engagement Survey helped inform district strategy, including the launch of several working groups designed to invite principal voices. We regularly staffed CPS efforts to surface and act on the perspectives of educators in schools. Additionally, we held a legislative breakfast in February 2022 to share principal and assistant principal perspectives with elected leaders. Through this event, we introduced legislators to principals in their districts. We encouraged educators to share positive stories from their schools and legislators to ask questions about the issues affecting teaching and learning. Finally, we published 11 case studies in 2022. These reports were designed to amplify school practices that accelerated student learning in the wake of the pandemic. 944003 0 0 Educator EngagementIn 2022, The Fund also connected educators to the broader research community, to our work, and to one another. We celebrated their innovation and leadership citywide. In May, we shared a report from the Chicago Consortium on School Research about the successful practices used to support English Language Learners in Chicago. We also facilitated a learning discussion with the authors, Chicago Public Schools leadership, and local educators.In June, we hosted an Innovation Showcase, which featured the work of six school teams. Each team shared a specific promising practice, answering questions from one another and the broader community. Several of the presenters were award winners, having participated in the Design Challenge we sponsored earlier in the spring. We shared all of the practices they shared in our communications.In October, The Fund celebrated educators citywide through our sixth annual Principal Appreciation Campaign. The 2022 campaign included two school visits, three casual events for principals to reconnect with peers, and one event at the Museum of Science and Industry that featured stories of resilience from school leaders. We also designed and executed a social media campaign and mailed pins recognizing their years of service to all public school principals in Chicago. Throughout the year, we hosted an Educator Advisory Committee, whose members consulted on our work. Composed of 34 leaders from across the city, the group offered thoughtful insight into policy topics that would improve school leader conditions. 4681513 1 1 0 1 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 74 0 1 41 1 0 0 0 0 0 0 0 0 0 0 0 0 X 27 26 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X Heather Y Anichini 3125584500 200 West Adams 1175 Chicago IL 606065230 Heather Y Anichini President & CEO 55.00 X X 388007 0 45564 Brent Gledhill Chair 4.00 X X 0 0 0 Kenneth C Griffin Vice Chair until 7/1/22 1.00 X X 0 0 0 Helen H Zell Vice Chair 2.00 X X 0 0 0 Jill M Garling Treasurer 4.00 X X 0 0 0 Barbara Malott Kizziah Secretary 2.00 X X 0 0 0 Ellen Alberding Director 1.00 X 0 0 0 Gillian Darlow Director 1.00 X 0 0 0 John Dugenske Director 1.00 X 0 0 0 Kimberly Evans Director 1.00 X 0 0 0 Jim Frank Director 1.00 X 0 0 0 John Garabedian Director 1.00 X 0 0 0 Austan Goolsbee Director 1.00 X 0 0 0 Christina Herzog Director 1.00 X 0 0 0 Kelly Howe Director 1.00 X 0 0 0 Stuart Lucas Director 1.00 X 0 0 0 Karen May Director 1.00 X 0 0 0 Siddharth Mehta Director 1.00 X 0 0 0 Anthony Miller Director 1.00 X 0 0 0 Auyana Orr Director 1.00 X 0 0 0 Judy Pomeranz Director 1.00 X 0 0 0 Jesse Ruiz Director 1.00 X 0 0 0 Andrea Saenz Director 1.00 X 0 0 0 Penny Bender Sebring Director 1.00 X 0 0 0 Brian P Simmons Director 1.00 X 0 0 0 Eric Smith Director 1.00 X 0 0 0 David J Vitale Director 1.00 X 0 0 0 DAndre J Weaver Director 1.00 X 0 0 0 Anne Bringewatt Director, Data 40.00 X 111119 0 6192 Nelson Gerew Director, Data & Policy 40.00 X 202500 0 8080 Bridget Lee Director, Engagement & Operations 40.00 X 136588 0 12476 Esther Lee Sr. Manager, Educator Supports 40.00 X 100025 0 6322 938239 0 78634 5 0 1 0 The Chicago Public Schools 42 West Madison Street Chicago IL 60602 Principal Professional Development 432000 Accelerate Institute 833 W Jackson Blvd 8th Floor Chicago IL 60607 Leadership Bridge Program 140970 Leadership and Design 206 Brooke Acres Drive Los Gatos CA 95032 Summer Design Program 137379 New Leaders Inc 30 W 26th St 10th Floor New York NY 10010 Leadership Bridge Program 119000 Cahn Fellow Programs 3540 E Broad St Ste 120 Mansfield TX 76063 Cahn Fellows Program 115375 5 24987900 90655 24987900 344943 344943 13056726 13701807 -645081 -645081 -645081 24687762 0 0 -300138 X 454000 454000 257499 257499 432947 281415 64942 86590 1925925 1657584 185673 82668 40716 36356 3591 769 182063 153254 18427 10382 153618 126660 16223 10735 6164 6164 27023 27023 69926 69926 61142 61142 33532 33532 1500348 1177919 322429 66142 37111 10481 18550 110429 60286 47145 2998 90659 73516 12093 5050 193999 157315 25877 10807 42672 26002 16670 56573 35560 21013 181321 147036 24186 10099 8619 8619 5895317 4681513 914014 299790 1368103 2479760 43996 1178000 5152411 18064802 126163 94293 1549128 471882 891907 1077246 14030609 17602992 113833 159938 21727022 40657031 113421 161478 0 175000 957817 1132220 1071238 1468698 X 14206197 20605259 6449587 18583074 20655784 39188333 21727022 40657031 X 18792445 -258296 -1600 X 0 1 X 1 0 X 11278121 6056803 2583791 5360177 24987900 50266792 11278121 6056803 2583791 5360177 24987900 50266792 29340707 20926085 138620 215991 269835 255668 344943 1225057 3120 3120 51494969 0.40640 0.55200 X Schedule A, Part II, Line 10, Explanation of Other Income: Miscellaneous Income - 2019 Amount: $ 3,120. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 430 69496 69926 5730717 5800643 440032 110008 0 0 402819 384861 425852 440032 1653564 2480346 46217 69926 116143 100705 96215 106463 110008 413391 620087 3043 430 3473 Schedule C, Part II-A Fund team members held meetings with Illinois General Assembly members and their staff members to discuss legislation that might impact principal quality in Chicago's public schools. The Fund also employed a legislative consultant to provide services such as education-related bill tracking, material development, and outreach. 0 1 X 1003623 1000000 -240351 1763272 1000000 3623 1003623 1.00000 0.00000 0.00000 0 0 1154777 226590 928187 394351 245292 149059 1077246 Operating Lease Liability 1132220 1132220 X 25663270 -258296 1267336 1009040 24654230 33532 33532 24687762 7127521 1267336 -1600 1265736 5861785 33532 33532 5895317 Part IV, Line 2b: During 2022, The Fund entered into a fiscal agency agreement with several funders. As of December 31, 2022, $175,000 had been received. Under this agreement, and at the direction of the funders, The Fund will disburse up to the full amount received to complete a project related to the governance of Chicago's public schools. The project was not complete at the close of the fiscal year, so the full $175,000 remains on the 2022 balance sheet. Part V, Line 4: The Fund established a board-designated Endowment Fund to support the operations and initiatives of The Fund and its programmatic activity over the long term. Part X, Line 2: The Fund is generally exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code and applicable state law. In addition, The Fund qualifies for the charitable contribution deduction under Section 170(b)(A)(1)(vi) and has been classified as an organization that is not a private foundation under Section 509(a)(2). The accounting standard on accounting for uncertainty in income taxes states that The Fund 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 Fund and the various positions related to the potential sources of unrelated business taxable income. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The Fund does not believe that there are any unrecognized tax benefits or tax liabilities that should be recorded for the reporting periods presented in these financial statements. 1 Campbell & Co 1 E Wacker Dr Ste 2100 Chicago IL 60601 Fundraising 0 0 61142 -61142 61142 -61142 IL 1 Chicago Public Schools 42 W Madison St Chicago IL 60602 366005821 City of Chicago 391500 0 Program participation stipends 1 0 Grants to Principals 43 257499 Part I, Line 2: The Fund makes investments in grantees pursuant to benchmark schedules, and grant dollars are disbursed to grantees only upon documented evidence that grantees are achieving or working toward achieving the most critical factors for their programs to be successful. Acceptable achievements are jointly agreed upon at the time The Fund commits to the grant, and staff members work with the grantee to monitor and document progress against these shared goals. X X X X 0 0 0 0 0 0 0 1 0 Heather Y Anichini President & CEO 353007 0 35000 0 0 0 15960 0 29604 0 433571 0 0 0 Nelson Gerew Director, Data & Policy 202500 0 0 0 0 0 8080 0 0 0 210580 0 0 0 Part I, Line 7 Bonuses awarded during 2022 were determined under the discretion of the Board of Directors and are correctly reported on Sch J, Part II, Col. (B)(ii). X 2 87083 FMV X Event Expenses 1 3572 Cost 0 0 0 0 Part I, Column (b): Reporting the number of contributions. Form 990, Part VI, Section A, line 2 John Dugenske and Siddharth Mehta have a business relationship. Form 990, Part VI, Section A, line 4 In September 2022, The Fund changed the Board of Directors bylaws. The change updated the number of Directors from no fewer than twenty and no more than twenty-five to no fewer than twenty-five and no more than thirty. Form 990, Part VI, Section B, line 11b The President and CEO review the completed Form 990, and then it is emailed in final form to the Governance, Operations, Finance, and Audit Committee, as well as to the entire Board of Directors, for their review and comments prior to filing with the IRS. Form 990, Part VI, Section B, line 12c Officers, directors, and key employees complete a questionnaire to disclose annually any business transactions or relationships they or a family member may have had with The Fund or any of its officers, directors, or key employees. Potential conflicts noted in the responses are passed along to the President & CEO for review and when necessary, referred to the Executive Committee for their consideration. In addition to the required annual conflict of interest questionnaire, The Fund's Board of Directors' policy covering conflicts of interest provides that directors and staff have the responsibility to immediately disclose potential conflicts of interest and refrain from influencing other directors or staff in relation to those matters. If a potential or actual conflict arises, directors also have the responsibility to recuse themselves at an appropriate time. Directors, staff, and their immediate family members cannot realize any direct or indirect personal financial benefit from a Fund investment. Form 990, Part VI, Section B, line 15 The Executive Committee of the Board is responsible for reviewing and approving the compensation package for the President and CEO. The determination of the appropriate level of compensation included a review of compensation levels for the equivalent positions at comparable organizations, through a review of Form 990s and survey data produced by national and regional industry associations. For other staff salaries, a review of compensation levels at comparable organizations was conducted by the CEO, and her recommendations for salary adjustments were reviewed by the Governance, Operations, Finance, and Audit Committee in conjunction with the annual budget planning process. The process for determining the compensation is documented. Form 990, Part VI, Section C, line 18 IRS Form 990 filings are available on Organization's website https://thefundchicago.org/who-we-are/donor-resources/. Form 990, Part VI, Section C, line 19 Financial statements for recent fiscal years are available to the public on The Fund's website. Also, the governing documents, conflict of interest policy, and financial statements are available upon request for the same period of disclosure as set forth in IRC Section 6104(d). Form 990, Part IX, line 11g Programmatic Supports: Program service expenses 1,104,056. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,104,056. Fellows Non-Payroll Stipends: Program service expenses 67,222. Management and general expenses 0. Fundraising expenses 0. Total expenses 67,222. Consultants: Program service expenses 6,641. Management and general expenses 320,274. Fundraising expenses 0. Total expenses 326,915. Clerical Temps: Program service expenses 0. Management and general expenses 2,155. Fundraising expenses 0. Total expenses 2,155. Form 990, Part IX, Line 11g: Fellows Non-Payroll Stipend: The University of Chicago's Harris School of Public Policy fellowships for Programmatic Supports and Systems, Data and Policies teams. Form 990, Part XI, line 9: Loss on uncollectable pledges -1,600.