2022-08-25T11:22:41-05:00 2021-12-31 420714325 RSM US LLP 30 South Wacker Dr Suite 3300 Chicago IL 606063392 990 2021-01-01 364279013 Chicago Public Education Fund CHIC 3125584500 200 West Adams 1175 Chicago IL 606065230 Heather Y Anichini President & CEO 3125584500 2022-08-19 1 Heather Anichini XXX-XX-XXXX Rebekuh Eley P01247672 3126343400 2022-08-19 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z Heather Y Anichini 200 West Adams 1175 Chicago IL 606065230 15527267 0 X www.TheFundChicago.org X 1999 IL The Fund improves public schools by investing in the talented educators who lead them. 24 23 26 24 0 0 2583791 5360177 0 0 249985 -38710 0 0 2833776 5321467 257340 609001 0 0 2329446 2355038 0 0 178888 2140941 2584598 4727727 5548637 -1893951 -227170 21173102 21727022 285117 1071238 20887985 20655784 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 2683194 544001 0 Programmatic Supports The Fund's work includes investments in supporting principals and aspiring principals through programming, actionable data, and public reporting. Fund programs serve leaders in schools across the city, representing a diversity of school types including elementary, high school, charter, and district. Each year, we leverage real-time data on school needs and outcomes to implement the most effective programs for our participating educators. The 2020-21 school year was one of constant change. In and out of schools, the physical, mental, and economic pressures of the COVID-19 crisis remained a reality. In this context, Chicago's principals played an important role in ensuring that student needs were prioritized as most of them continued to navigate remote learning. The Fund doubled down on our support for school leaders during this time. In total, 346 leaders in 258 schools across the city completed Fund programming this year. Our network includes educators leading in every type of public school - charter and district, elementary and high school - and we worked closely with 11 partners who provided educator-centered programming, coaching, and support. This included 57 assistant principals in APs Rising, a suite of targeted development opportunities through The Chicago Principal Partnership (The Partnership), designed to support assistant principals (APs) interested in future principal roles. By July 2021, five APs in the program had secured principal contracts. Over 94 principals and 14 aspiring principals participated in 20 principal-led Professional Learning Communities (PLCs) across 16 topics. Each PLC is facilitated by a high-performing principal with known expertise in a specific topic area. The Fund also supported 63 principal-led teams through the Summer Design Program (SDP), a unique professional development opportunity that offers school teams the space, time, and expertise to pursue innovative solutions to some of their most pressing challenges. Although SDP is typically a one-year opportunity, Fund partners provided a second year of support, continuing from the 2019-20 school year, in acknowledgment of the increased burden on principals due to COVID-19.In addition, The Fund's work included efforts to improve the retention of Chicago's top-performing principals through the Chicago Principals Fellowship (The Fellowship), The Cahn Fellows Program, and the Executive Principal Program. The Fellowship, which is a partnership between The Fund, Crown Family Philanthropies, Chicago Public Schools, and Northwestern University, is an executive-level leadership development program intended to grow the skills of top principals and further expand their leadership capacity. Fifteen high-performing principals completed the seventh cohort of The Fellowship in 2021, committing to lead in Chicago. The Cahn Fellows Program is a national program that recognizes top principals and develops their capacity as leaders. In 2021, eight principals participated in the Cahn Fellowship. Lastly, the Executive Principal Program served 15 principals in 2021. This program is a multi-year mentorship opportunity for Chicago's top leaders (Executive Principals) and rising stars (Partner Principals). Additionally, Executive Principals led three professional learning community sessions around assessments, grading for equity, and courageous conversations around race. 2020-21 was the third year of the Executive Principal pilot and focused on codifying learnings and best practices, which led to the creation of the Principal to Principal Coaching Guide. The Fund also addressed schools' strategic planning needs surrounding virtual and unfinished learning by supporting Chicago Public Schools' (CPS') reopening working groups, sharing remote and hybrid learning resources with educators, and providing school leaders access to professional development offered by Relay Graduate School of Education.Across all our program investments, we doubled down on our organizational commitment to equity. This included prioritizing supports for the schools that need it the most through the South Side Education Alliance, which serves eight elementary schools on Chicago's South Side through a collaborative approach - the group shares data, defines common outcomes, and tests solutions in partnership with schools and communities. Originally conceived of as a two-year pilot program, SSEA was extended into a third year during the COVID-19 pandemic in acknowledgment of the increased burden on principals. 1385270 65000 0 Systems, Data and Policies2021 saw a change in leadership for Chicago Public Schools as they welcomed new senior leadership at the start of the 2021-22 school year. We worked to support our partners at CPS around some of these changing conditions, including helping to offramp the previous administration, support interim leadership, onboard the current administration, and provide ongoing assistance to new cabinet leaders. Our priority remained keeping a keen focus on school leader needs in these conversations, advancing our goal of improving school leader quality across Chicago's public schools.On the policy front, we supported the CPS School Funding and Accountability working group, which includes the work of rolling out a new school accountability rating system in the 2023-24 school year. These working groups sought to generate input and feedback from a broader group of stakeholders in order to craft new recommendations that will be reviewed by the Chicago Board of Education. In addition to supporting the work of these groups, we published a series of memos and analyses for members to review, based on the feedback received. We continued to provide actionable data to CPS and other partners. The Fund always seeks to engage perspectives from diverse educators to inform its program and policy efforts and to develop a theory on what high-performing principals need to lead successfully. In 2021, we administered our annual Principal Engagement Survey, which saw a 60% response rate and confirmed anecdotal evidence that Chicago's principals were feeling the weight of their roles as they continued to grapple with the effects of the pandemic. We also continued to engage Local School Council (LSC) members through our focus group that addressed needs like hiring principals and navigating school budgets. 773036 0 0 Educator EngagementThe Fund also connected educators to national resources and promising practices outside of our own programs. The Harvard Graduate School of Education (HGSE) and Harvard Business School (HBS) collaborate to offer Leading Change, which is a four-week online course in adaptive leadership within their Certificate in School Management and Leadership program. This school year, the Fund sponsored a cohort of principals from across the city to participate, helping equip them with the skills they need to drive school change and establish priorities with diverse stakeholders to improve practice. We also addressed schools' strategic planning needs surrounding virtual and unfinished learning by supporting Chicago Public Schools' (CPS') reopening working groups, sharing remote and hybrid learning resources with educators, and providing school leaders access to professional development offered by Relay Graduate School of Education.At the start of the 2020-21 school year, education funders and foundations in Chicago came together to create a COVID-19 Comeback Fund to support schools as they started a new school year in remote learning. The Fund played a role by facilitating the disbursement of flexible funding up to $10,000 to over 200 public schools in neighborhoods most hit by the pandemic. The program provided us an opportunity to engage with school leaders as they navigated remote learning with their teams, students and families. We gleaned promising trends and interviewed principals to document learnings in case studies. Finally, The Fund celebrated educators citywide through our fifth annual Principal Appreciation Campaign. Given the improved health conditions in the Fall of 2021, we were able to revert back to in-person events. The 2021 campaign included four 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 wellness gifts to all public school principals in Chicago. 4841500 1 1 0 1 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 63 0 1 26 1 0 0 0 0 0 0 0 0 0 0 0 0 X 24 23 1 0 0 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 40.00 X X 349281 0 42225 Chaula Gupta Vice President 40.00 X 211116 0 34340 Nelson Gerew Director, Data & Policy 40.00 X 186574 0 7463 Anna Piepmeyer Director, Program & Investments 40.00 X 112736 0 27920 Brent Gledhill Chair 4.00 X X 0 0 0 Kenneth C Griffin Vice Chair 3.00 X X 0 0 0 Helen H Zell Vice Chair 3.00 X X 0 0 0 Jill M Garling Treasurer 3.00 X X 0 0 0 Barbara Malott Kizziah Secretary 3.00 X X 0 0 0 Ellen Alberding Director 1.00 X 0 0 0 Gillian Darlow Director 1.00 X 0 0 0 Kassie Davis Director until 8/31/21 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 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 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 859707 0 111948 4 0 1 0 Fulcrum Education Solutions c/o Teach for America 300 W Adams Chicago IL 60606 Principal coaching & support 253750 Kellogg School of Management 2001 Sheridan Rd Evanston IL 60208 Chicago principals fellowship program 203000 New Leaders Inc 30 W 26th Street 10th Floor New York NY 10010 Leadership Bridge program 140000 Teachers College Columbia University 525 West 120th Street New York NY 10027 Cahn Fellows program 115375 Leadership and Design PO Box 33153 Los Gatos CA 90531 Principal professional development 111750 6 5360177 5360177 255668 255668 9911422 10205800 -294378 -294378 -294378 5321467 0 0 -38710 X 429750 429750 179251 179251 636961 477720 75969 83272 1383550 1236646 93873 53031 48211 43395 3164 1652 162055 141436 12001 8618 124261 105791 10305 8165 6639 6639 27713 27713 28586 28586 31597 31597 1929043 1795095 128390 5558 53142 42294 3343 7505 129322 88476 38935 1911 82367 70503 9609 2255 120656 103275 14077 3304 12033 5843 6190 24226 8955 15271 132098 113070 15411 3617 7176 7176 5548637 4841500 528249 178888 1542221 1368103 601776 43996 8126658 5152411 158896 126163 1144444 252537 100169 891907 10530059 14030609 113323 113833 21173102 21727022 71234 113421 171800 0 42083 957817 285117 1071238 X 12310446 14206197 8577539 6449587 20887985 20655784 21173102 21727022 X -227170 -2131 -2900 X 0 1 X 1 0 X 8691634 11278121 6056803 2583791 5360177 33970526 8691634 11278121 6056803 2583791 5360177 33970526 14648691 19321835 152177 138620 215991 269835 255668 1032291 3120 3120 35005937 0.55200 0.53790 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 3043 43174 46217 5470823 5517040 425852 106463 0 0 374969 402819 384861 425852 1588501 2382752 46217 46217 93742 100705 96215 106463 397125 595688 3043 3043 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 0 0 1000000 3623 1003623 1.00000 0.00000 0.00000 0 0 822833 85712 737121 321611 166825 154786 891907 Deferred Rent 957817 957817 X 5293584 -2131 5845 3714 5289870 31597 31597 5321467 5519985 5845 -2900 2945 5517040 31597 31597 5548637 Part IV, Line 2b: During 2020, The Fund entered into the COVID-19 Comeback Fund fiscal agency agreement with Chicago Public Schools and various funders. Under this agreement, The Fund disbursed up to $10,000 to each school determined by Chicago Public Schools to be eligible for a flexible grant to support projects that supplemented learning during the pandemic environment. A total of $2,150,000 was received from nine funders as of the end of 2020 and $1,978,200 in grants was disbursed during 2020. The remaining amount of $171,800 at December 31, 2020 was completely disbursed during 2021. 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)(1)(A) 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 addresses the determination of whether tax benefits claimed on a tax return should be recorded in the financial statements. Under this guidance, 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 Chicago Public Schools 42 W Madison Street Chicago IL 60602 366005821 Gov't Entity 391500 0 Program participation stipends Acero Charter Schools 209 W Jackson Blvd Chicago IL 60606 364235934 501(c)(3) 7000 0 Program participation stipends 2 0 Grants to principals 29 179251 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 0 0 Heather Y Anichini President & CEO 349281 0 0 0 0 0 14400 0 27825 0 391506 0 0 0 Chaula Gupta Vice President 211116 0 0 0 0 0 8783 0 25557 0 245456 0 0 0 Nelson Gerew Director, Data & Policy 186574 0 0 0 0 0 7463 0 0 0 194037 0 0 0 Form 990, Part VI, Section A, line 2 John Dugenske and Siddharth Mehta have a business relationship. Form 990, Part VI, Section B, line 11b The President and CEO reviews 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 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 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 Consultants: Program service expenses 18,148. Management and general expenses 123,140. Fundraising expenses 5,558. Total expenses 146,846. Fellows Non-Payroll Stipends: Program service expenses 135,278. Management and general expenses 5,250. Fundraising expenses 0. Total expenses 140,528. Programmatic Supports: Program service expenses 1,004,201. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,004,201. Systems, Data, and Policies: Program service expenses 381,480. Management and general expenses 0. Fundraising expenses 0. Total expenses 381,480. Educator Engagement: Program service expenses 255,988. Management and general expenses 0. Fundraising expenses 0. Total expenses 255,988. 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 -2,900.