2021-08-31T16:28:22-05:00 2020-12-31 420714325 RSM US LLP 30 South Wacker Dr Suite 3300 Chicago IL 606063392 990 2020-01-01 364279013 Chicago Public Education Fund CHIC 3125584500 200 West Adams No 1175 Chicago IL 606065230 Heather Y Anichini President & CEO 3125584500 2021-08-27 1 Heather Anichini XXX-XX-XXXX Rebekuh Eley P01247672 3126343400 2021-08-27 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z X Heather Y Anichini 200 West Adams No 1175 Chicago IL 606065230 13295725 0 X www.TheFundChicago.org X 1999 IL The Fund improves public schools by investing in the talented educators who lead them. 23 22 26 23 0 0 6056803 2583791 0 0 221057 249985 3120 0 6280980 2833776 181850 257340 0 0 2284935 2329446 0 0 190250 2619038 2140941 5085823 4727727 1195157 -1893951 23045007 21173102 389021 285117 22655986 20887985 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 2147601 177000 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 COVID-19 pandemic impacted students and communities across the city. The State of Illinois issued a stay-at-home order on March 17, 2020 and school buildings were closed. In this context, Chicago's 652 principals played an important role in ensuring that students were healthy, supported, and ready to return to school. The Fund doubled down on our supports for school leaders during this time. Our partners quickly modified their in-person coaching sessions to virtual formats. They adapted their support to meet principals' more immediate needs, such as focusing on remote learning and family engagement strategies. In total, 254 principals and 106 aspiring principals in 284 schools across the city completed Fund programming in June of 2020. These efforts ensured that the majority of program participants (84%) continued to engage with our partners after remote learning began.This included 59 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 2020, three APs in the program had secured principal contracts. Over 120 principals and 50 aspiring principals participated in 25 principal-led Professional Learning Communities (PLCs). Each PLC is facilitated by a high-performing principal with known expertise in a specific topic area. The Fund also supported 57 principal-led teams through our eighth annual 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. Through the 2020 SDP, principal-led teams worked directly with expert partners from Fulcrum Education and the National SAM Innovation Project around instructional leadership. In March, Fulcrum and NSIP adjusted their supports to focus on remote learning and other immediate needs. Thirty-two out of the 36 school teams working with NSIP mostly or fully met the benchmarks for continuing the program's time tracking systems in a remote setting. We also partnered with the CPS Office of Early Childhood Education (OECE) and nonprofit partner VOCEL to launch the Building Early Learning Leaders (BELL) program, an early-learning pilot to support higher quality early learning by fostering alignment between school leaders and early-grades teachers. 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. Twenty-six high-performing principals completed the sixth cohort of The Fellowship in 2020, committing to lead in Chicago through at least 2022. The Cahn Fellows Program at Teachers College, Columbia University, offered programming to seven Chicago principals. The Cahn Fellows Program is a national program that recognizes top principals and develops their capacity as leaders. In 2020, eight principals participated in the Cahn Fellowship. Lastly, the Executive Principal Program served 14 principals in 2020. This program is a unique year-long opportunity for two principals to work and grow together through an intensive mentorship relationship. 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. We also decided to extend programs that provided coaching for school leaders into the 2020-21 school year, including SDP, SSEA and PLCs among others. 1244467 72940 0 Systems, Data and PoliciesIn 2020, The Fund applied its research capacity to try to anticipate the impact the pandemic would have on students and what that might mean for how planning happens at the school and system level. We interviewed more than 50 principals, reviewed more than 20 studies on the impact of school disruption, and analyzed plans from more than a dozen other districts and states to glean insights into how school leaders could leverage time and staff capacity to serve their students effectively and safely.Informed by this analysis, we provided expert capacity to CPS leadership and Network teams around creative school scheduling techniques that would make remote learning effective and we made available a set of tools and resources for schools to help with school scheduling based on their context and needs. In addition to scheduling, we also published a report that featured innovative budgeting practices for principals to meet the needs of their communities. This report was the third in our series on equitable funding and budgeting in Chicago public schools. We also continued to provide actionable data to CPS and other partners. We built Customer Relationship Management (CRM) functionality into our Principal Data Warehouse to allow for more real-time use by principal managers and district leaders. We also continued to engage Local School Council (LSC) members through our focus group that addressed needs like hiring principals and navigating school budgets. 725279 7400 0 Educator EngagementThe 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 2020, we applied this approach to help understand the impact the pandemic was having on our school communities and support school leaders as they responded to their students' needs. We interviewed dozens of principals over the course of the year, and 1) listened to what they said they needed and adjusted our programming to meet them where they were; 2) highlighted the promising practices of principals in the field; and 3) provided strategic and financial support to our partners who work directly with principals. 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 fourth annual Principal Appreciation Campaign. Given the ongoing pandemic restrictions, this included a social media campaign, wellness gifts for principals and a virtual event that featured stories of resilience from school leaders. 4117347 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 47 0 1 26 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 22 0 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 No 1175 Chicago IL 606065230 Heather Y Anichini President & CEO 40.00 X X 350493 0 44605 Chaula Gupta Vice President 40.00 X 205301 0 38910 Nelson Gerew Director, Data & Policy 40.00 X 180618 0 7552 Anna Piepmeyer Director, Program & Investments 40.00 X 108247 0 32483 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 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 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 844659 0 123550 4 0 1 0 Fulcrum Education Solutions 300 W Adams Street Ste 1000 Chicago IL 60606 Principal coaching & support 352750 Sensible Innovation Inc dba Tegy 672 S Everett Street Lakewood CO 80226 Scheduling project training & support 199000 National SAM Innovation Project 9100 Shelbyville Rd 280 Louisville KY 40222 Summer design & SSEA support 171000 Univ of Chicago Harris School of Public 1155 East 60th Street Chicago IL 60637 Program & data fellowships 120000 Convergence Consulting Group 2502 N Rocky Point Dr Ste 650 Tampa FL 33607 Principal quality database maintenance 110646 5 2583791 2583791 269835 269835 10442099 10461949 -19850 -19850 -19850 2833776 0 0 249985 X 50275 50275 207065 207065 639309 479479 76143 83687 1371985 1212210 100330 59445 50888 45120 3667 2101 144600 125955 10929 7716 122664 103541 10621 8502 5535 5535 27755 27755 30514 30514 1550873 1474380 76493 44422 32624 5187 6611 83547 50690 30463 2394 75181 65006 6222 3953 260008 224818 21518 13672 6400 4275 1980 145 13946 10429 3408 109 36408 31480 3013 1915 6352 6352 4727727 4117347 420130 190250 1033224 1542221 1781452 601776 11106708 8126658 54946 158896 549191 449022 49934 100169 8968427 10530059 50316 113323 23045007 21173102 223245 71234 105000 171800 60776 42083 389021 285117 X 11328243 12310446 11327743 8577539 22655986 20887985 23045007 21173102 -1893951 125950 0 X 0 1 X 1 0 X 3302398 8691634 11278121 6056803 2583791 31912747 3302398 8691634 11278121 6056803 2583791 31912747 14227144 17685603 188642 152177 138620 215991 269835 965265 3120 3120 32881132 0.53790 0.52180 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 4697213 4697213 384861 96215 0 0 420371 374969 402819 384861 1583020 2374530 105093 93742 100705 96215 395755 593633 0 1 X 0 1000000 0 0 0 0 1000000 0.00000 1.00000 0.00000 0 0 228916 222898 6018 320275 226124 94151 100169 Deferred Rent 42083 42083 X 2933670 125950 4458 130408 2803262 30514 30514 2833776 4701671 4458 4458 4697213 30514 30514 4727727 Part IV, Line 2b: During 2018, The Fund agreed to serve as fiscal agent on behalf of the Schwartz Ward Family Foundation (the Foundation) with respect to the Executive Principal Program in partnership with Chicago Public Schools. The Fund received payments of $210,000 and $90,000 in 2019 and 2018, respectively, from the Foundation, and disbursed $90,000, $105,000 and $105,000 during 2020, 2019, and 2018, respectively, under the direction of the Foundation to Chicago Public Schools for payment of stipends to principals participating in the program. Amounts held for others as fiscal agent under this program totaled $0 and $105,000 at December 31, 2020 and 2019. 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 is disbursing up to $10,000 to each school determined by Chicago Public Schools to be eligible for a flexible grant to support projects that supplement learning in the current environment. A total of $2,150,000 has been received from nine funders as of the end of 2020 and $1,978,200 in grants was disbursed during 2020. The amount held for others as fiscal agent under this program totaled $171,800 at December 31, 2020. Part V, Line 4: The Chicago Public Education Fund Endowment (the "CPEFE") has been established to support the operations and initiatives of the Chicago Public Education Fund (the "Fund") and its programmatic activity over the long term. On December 31, 2020, the Lewis Sebring Family Foundation transferred the initial sum of $1,000,000 to the Fund. The endowment fund will be used to further The Fund's mission of supporting and transforming Chicago's public schools. 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 35275 Advisory committee stipends 1 0 Grants To Principals 30 207065 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 350493 0 0 0 0 0 14400 0 30205 0 395098 0 0 0 Chaula Gupta Vice President 205301 0 0 0 0 0 8597 0 30313 0 244211 0 0 0 Nelson Gerew Director, Data & Policy 180618 0 0 0 0 0 7237 0 315 0 188170 0 0 0 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 0. Management and general expenses 76,493. Fundraising expenses 0. Total expenses 76,493. Clerical Temps: Program service expenses 7,025. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,025. Fellows Non-Payroll Stipends: Program service expenses 51,855. Management and general expenses 0. Fundraising expenses 0. Total expenses 51,855. Programmatic Supports: Program service expenses 885,262. Management and general expenses 0. Fundraising expenses 0. Total expenses 885,262. Systems, Data, and Policies: Program service expenses 292,761. Management and general expenses 0. Fundraising expenses 0. Total expenses 292,761. Educator Engagement: Program service expenses 237,477. Management and general expenses 0. Fundraising expenses 0. Total expenses 237,477. 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.