2025-05-09T18:56:00-05:00 2024-06-30 362938874 OSTROW REISIN BERK & ABRAMS LTD 455 N CITYFRONT PLAZA DR SUITE 1600 CHICAGO IL 60611 990 2023-07-01 364141583 CHICAGO CHARTER SCHOOL FOUNDATION CHIC 3126515000 11 EAST ADAMS 600 CHICAGO IL 60603 ELIZABETH PURVIS EXECUTIVE DIRECTOR 3126515000 2025-05-07 1 1 JAMES G QUAID P00641738 3126707444 2025-05-07 2023 2025-03-06 01:10:19Z CHICAGO INTERNATIONAL CHARTER SCHOOL ELIZABETH PURVIS 11 EAST ADAMS 600 CHICAGO IL 60603 157275758 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 8 422 688 0 0 115586281 120916787 6923385 7060969 484635 1128240 109057 455824 123103358 129561820 0 0 0 0 79188960 80701647 0 0 18375 42369097 49289215 121558057 129990862 1545301 -429042 117812382 115856054 66662855 63690268 51149527 52165786 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 104153601 7131390 PROVIDE EDUCATIONAL OPPORTUNITIES FOR YOUTH THROUGH THE OPERATION OF 13 CAMPUS LOCATIONS SERVING 6,821 STUDENTS IN GRADES KINDERGARTEN THROUGH TWELVE DURING FY JUNE 30, 2024. 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. 104153601 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 1 185 0 422 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 1 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X THE ORGANIZATION 3126515000 11 EAST ADAMS 600 CHICAGO IL 60603 KRIS CHEUNG CEO AND DIRECTOR (TERM) 40.00 X X 318786 0 5259 CHRISTINE LEUNG PRESIDENT 40.00 X 196364 0 22322 LAHARI GOUD CEP PRESIDENT 40.00 X 207020 0 6184 ALLISON HANSEN CHIEF OF SCHOOL 40.00 X 163921 0 27637 PELIN DENIZ CHIEF OPERATIONS OFFICER 40.00 X 179904 0 5259 LUCAS ALLEN MCSHANE MANAGING DIR OF TEACHING/LEARNING 40.00 X 132423 0 34728 ANITA GETER CONTROLLER 40.00 X 149208 0 15879 ELIZABETH WILLIAMS-CLARK DIRECTOR OF TALENT AND HR 40.00 X 139546 0 21424 YESICA RUFINO-PEREZ ENGAGEMENT PARTNER 40.00 X 150424 0 8120 TORRY BENNETT-DAVIS CEP CHIEF EXECUTIVE OFFICER 40.00 X 146197 0 11711 CLAUDIA L BELTRAN MANAGING DIRECTOR OF GOVERNANCE 40.00 X 131289 0 12541 EVAN SHARP CHAIR 2.00 X X 0 0 0 DAVID CHIZEWER SECRETARY 2.00 X X 0 0 0 MARK MORGAN TREASURER 2.00 X X 0 0 0 TIFFANY N JOHNSON DIRECTOR 2.00 X 0 0 0 VENKAT MADDILA DIRECTOR 2.00 X 0 0 0 BRIAN NOVELLINE DIRECTOR 2.00 X 0 0 0 CRYSTAL STONEWALL DIRECTOR 2.00 X 0 0 0 COREY JACOBSON DIRECTOR (TERM) 2.00 X 0 0 0 1915082 0 171064 17 0 1 0 ORGANICLIFE LLC 435 W ERIE ST 104 CHICAGO IL 60654 CAMPUS FOOD MANAGEMENT 2263535 PROGRESSUS THERAPY LLC 2701 NORTH ROCKY POINT DRIVE SUITE TAMPA FL 33634 SCHOOL-BASED THERAPY 486482 THE STEPPING STONES GROUP 225 WEST WASHINGTON STREET SUITE 11 CHICAGO IL 60606 SCHOOL-BASED THERAPY 469650 PSQUARED CONSULTANTS LLC 2918 N RIVER WALK DR CHICAGO IL 60618 ACCOUNTING 442284 MICHAEL ACCETTURO ELECTRIC 2543 S LOWE AVE CHICAGO IL 60616 ELECTRICIAN 390230 8 120767752 149035 470879 120916787 SCHOOL LUNCH PROGRAM 611600 6087777 6087777 STUDENT FEES, BOOKSTORE, EXTENDED 611600 973192 973192 7060969 1011311 1011311 70421 0 70421 70421 70421 26030867 1800000 26453793 1260145 -422926 539855 116929 116929 OTHER INCOME 611600 385403 385403 385403 129561820 7131390 0 1513643 1060886 363800 679958 17128 63787997 57203334 6584663 7141121 6441094 699927 100 6351030 6162233 188619 178 2360613 2003913 355773 927 7951972 7951972 6679526 3788069 2891457 9820096 6570616 3249480 6750866 6352125 398741 2209401 2165446 43955 4723549 4541435 182072 42 STUDENT PROGRAMS 8561536 8561536 CPS ADMIN FEE 2592269 2592269 129990862 104153601 25818886 18375 33727244 31723198 2960036 3578644 328717 1241082 109545495 61293719 50417585 48251776 16840130 18303136 13538670 12758218 117812382 115856054 8802248 8208129 113510 47227650 46217493 331004 10188443 9264646 66662855 63690268 X 51122527 52093648 27000 72138 51149527 52165786 117812382 115856054 -429042 1445301 0 X 0 1 X 1 1 1 X 102991448 107368944 118583279 115586281 120916787 565446739 584407 923692 459765 448978 393957 2810799 103575855 108292636 119043044 116035259 121310744 568257538 568257538 730377 518933 455427 670658 1081732 3457127 99218 67694 36343 109057 385403 697715 572412380 31800566 0.99270 0.99270 X 1928678 1928678 76467254 34689092 41778162 19980994 17259692 2721302 10103990 9344935 759055 1064579 1064579 48251776 DEPOSITS 32233 CASH & INVESTMENTS RESTRICTED BY BOND INDENTURE 4482016 ROU ASSETS 7640528 DUE FROM MANAGEMENT COMPANIES 603441 12758218 OPERATING AND FINANCE LEASES 8240446 DUE TO MANAGEMENT COMPANIES 1024200 9264646 X 131449854 1445301 442733 1888034 129561820 0 129561820 130433595 442733 442733 129990862 0 129990862 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, 2024 AND 2023. 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 KRIS CHEUNG CEO AND DIRECTOR (TERM) 318786 0 0 0 0 0 0 0 5259 0 324045 0 0 0 CHRISTINE LEUNG PRESIDENT 196364 0 0 0 0 0 8461 0 13861 0 218686 0 0 0 LAHARI GOUD CEP PRESIDENT 207020 0 0 0 0 0 0 0 6184 0 213204 0 0 0 ALLISON HANSEN CHIEF OF SCHOOL 163921 0 0 0 0 0 24850 0 2787 0 191558 0 0 0 PELIN DENIZ CHIEF OPERATIONS OFFICER 179904 0 0 0 0 0 0 0 5259 0 185163 0 0 0 LUCAS ALLEN MCSHANE MANAGING DIR OF TEACHING/LEARNING 132423 0 0 0 0 0 20075 0 14653 0 167151 0 0 0 ANITA GETER CONTROLLER 149208 0 0 0 0 0 6049 0 9830 0 165087 0 0 0 ELIZABETH WILLIAMS-CLARK DIRECTOR OF TALENT AND HR 139546 0 0 0 0 0 5986 0 15438 0 160970 0 0 0 YESICA RUFINO-PEREZ ENGAGEMENT PARTNER 150424 0 0 0 0 0 1615 0 6505 0 158544 0 0 0 TORRY BENNETT-DAVIS CEP CHIEF EXECUTIVE OFFICER 146197 0 0 0 0 0 0 0 11711 0 157908 0 0 0 A ILLINOIS FINANCE AUTHORITY 861091967 452022BR6 2017-11-30 54626298 IFA SERIES 2017 BOND, SEE PART VI 0 0 0 A 6890000 55036372 3229386 1030286 11777092 38999608 2020 1 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 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 6/30/24. SCHEDULE K, PART II, LINE 4 AMOUNT SHOWN IS THE AMOUNT ON DEPOSIT ON 6/30/24, 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 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 NOVEMBER 2022 THERE WAS NO REBATE EXPOSURE AT THAT TIME. X FOOD COMMODITIES 1 316713 WHOLESALE VALUE X SMART BOARDS 20 154166 FMV 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 4 BYLAWS WERE UPDATED DURING FISCAL YEAR 2024, SEE CHANGES BELOW: ARTICLE V, SECTION 2. THE NUMBER OF DIRECTORS WAS UPDATED TO 7-20, FROM 10-17. 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 CIVITAS SCHOOLS, LLC. CIVITAS EDUCATION PARTNERS, LLC IS THE SOLE MEMBER OF CIVITAS SCHOOLS, LLC. THE INFO REPORTED ON SCHEDULE R PART I FOR CIVITAS EDUCATION PARTNERS, LLC INCLUDES INFO OF CIVITAS SCHOOLS, LLC. CIVITAS EDUCATION PARTNERS LLC 901 WEST JACKSON BOULEVARD SUITE 20 CHICAGO IL 60607 452578723 SCHOOL MANAGEMENT COMPANY IL 34687730 7020677 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