2020-05-06T06:07:10-05:00 2019-06-30 420714325 RSM US LLP 1 S Wacker Drive Ste 800 Chicago IL 60606 990 2018-07-01 204069346 Catalyst Schools CATA 7732957001 6727 S California Ave Chicago IL 60629 Gordon Hannon CEO 7732957001 2020-04-28 1 Rebekuh Eley P01247672 3126343400 73.51.182.79 2020-04-28 12:35:55 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 117B6C86E8A10A4DFEE4D664DFC89C8F3476C6B5 2018 2021-01-29 14:40:06Z Gordon Hannon 6727 S California Ave Chicago IL 60629 21724113 0 X www.catalystschools.org X 2005 IL Catalyst Schools operate tuition-free public grade schools and high school committed to providing quality education for students and families in low income communities of Chicago. 14 14 435 25 0 0 2525379 802074 19214090 20769979 8093 71865 126109 55874 21873671 21699792 0 0 0 0 14144116 15991910 0 0 35991 4359039 6622425 18503155 22614335 3370516 -914543 20749259 22259296 9471967 11896547 11277292 10362749 X Catalyst Schools operate tuition-free public grade schools and high school committed to providing quality education for students and families in low income communities of Chicago. 0 0 21549360 20769979 Catalyst Schools partner with urban communities to offer college-preparatory K-12 education. Each child is given a rigorous academic program suited to his or her needs. In addition, Catalyst helps each child develop positive leadership traits that will help him or her be an asset and change agent in the community. Catalyst's goal is to provide a quality educational choice to families who experience the effects of economic difficulty and who have not been adequately served by existing educational institutions so their children will ultimately graduate from college. Catalyst has two campuses.Circle Rock Elementary School is a Kindergarten through 8th grade school, in the Austin neighborhood and opened in fall 2007, in a building that was purchased in fiscal year 2017. The school operates two classrooms at each grade level with approximately 520 students enrolled.Catalyst Maria Charter School is a Kindergarten through 12th grade school in the Chicago Lawn neighborhood. The Catalyst Maria Charter School enrolls 1,100 students. The building is owned and operated by the Catalyst Schools. The school has approximately 550 Kindergarten through 8th students and approximately 550 9th - 12th grade students. 21549360 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 28 0 1 435 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Gordon Hannon 7732957001 6727 S California Ave Chicago IL 60629 Dr Colleen Reardon Chairman 1.00 X X 0 0 0 Larry Williams Vice Chair 1.00 X X 0 0 0 Steven Brown Treasurer 1.00 X X 0 0 0 Catherine Burns Director 1.00 X 0 0 0 Steven D'Souza Director 1.00 X 0 0 0 Marc Gaddis Director 1.00 X 0 0 0 Kimberly Hinton Director 1.00 X 0 0 0 Yuan-Ying Hsu Director 1.00 X 0 0 0 Rick Hurd Director 1.00 X 0 0 0 Andrew Jones Director 1.00 X 0 0 0 James Mendelson Director (Until 5/1/19) 1.00 X 0 0 0 Ariel Murray Director 1.00 X 0 0 0 Velia Soto Director 1.00 X 0 0 0 Terrence Toth Director 1.00 X 0 0 0 Claiborne Wade Director 1.00 X 0 0 0 Gordon Hannon CEO 40.00 X 187428 0 41144 Michele Nunez Director of Finance and Compliance 40.00 X 112142 0 11863 Elizabeth A Jamison-Dunn Principal 40.00 X 123395 0 30231 Dawn Sandoval High School Principal 40.00 X 139324 0 33287 Edmund Siderewicz Director of External Relations 40.00 X 111452 0 27129 Michael Kasang Director of Administration 40.00 X 110273 0 27146 Philip Smith Director of Facilities 40.00 X 108911 0 11863 892925 0 182663 9 0 1 0 Charter Substitute Teacher Network 73 W Monroe St Chicago IL 60603 Substitute Teaching Services 180861 Rose Educators LLC PO Box 204653 Dallas TX 75320 Substitute Teaching Services 162920 2 53761 748313 145332 802074 Government Fees for Services 900099 20392005 20392005 Student Fees 900099 377974 377974 20769979 71865 71865 9300 53761 24321 -15021 -15021 Tech Buy Back 900099 48821 48821 Reimbursements 900099 20623 20623 1451 1451 70895 21699792 20769979 0 127739 361200 345542 15658 14036437 13427958 608479 337075 322463 14612 875387 837439 37948 381811 365260 16551 19477 19477 123214 123214 289761 147907 129354 12500 16868 4773 12095 372520 359070 13450 1110383 1096207 14176 1199694 1187618 680 11396 145332 145332 666722 666235 487 120291 120291 Breakfast/Lunch Program 944016 944016 Extra Curriculars 632506 632506 Education Admin. 591558 591515 43 Professional Developmen 215728 183163 32565 174355 172065 2290 22614335 21549360 1028984 35991 6102286 4322719 4187 0 1231890 1005566 215585 133264 24422568 7624821 13195311 16797747 20749259 22259296 1486899 1599673 70776 65197 7914292 9854394 0 377283 9471967 11896547 X 9874260 10352499 1403032 10250 11277292 10362749 20749259 22259296 -914543 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1969855 1969855 15747023 1901530 13845493 1227818 676640 551178 5477872 5046651 431221 16797747 Capital Leases 377283 377283 X 21909732 185619 185619 21724113 -24321 -24321 21699792 22824275 185619 24321 209940 22614335 0 22614335 Part X, Line 2: Catalyst is organized exclusively for charitable, educational and religious purposes and is exempt from federal taxation under Section 501(c)(3) of the Internal Revenue Code. Net unrelated business income for the years ended June 30, 2019 and 2018, was not significant. Catalyst follows the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, Catalyst 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 Catalyst and various positions related to the potential sources of unrelated business taxable income (UBIT). 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 percent likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. Catalyst files forms 990 in the U.S. federal jurisdiction. Part XI, Line 4b - Other Adjustments: Fundraising Event Expenses -24,321. Part XII, Line 2d - Other Adjustments: Fundraising Event Expenses 24,321. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 At the Catalyst Schools, we believe every child possesses inherent value and potential regardless of background, educational level, or life circumstances. The Organization provides a link on the front page of its website which leads to the organization's nondiscrimination policy. Schedule E, Part I, Line 6 The Organization receives assistance from local, state and federal government sources. Education Celebration 63061 53761 9300 6600 16221 1500 63061 53761 9300 6600 16221 1500 24321 -15021 X X 0 0 0 0 0 0 0 1 0 Gordon Hannon CEO 176928 0 10500 0 0 0 0 0 41144 0 228572 0 0 0 Elizabeth A Jamison-Dunn Principal 120645 0 2750 0 0 0 0 0 30231 0 153626 0 0 0 Dawn Sandoval High School Principal 136824 0 2500 0 0 0 0 0 33287 0 172611 0 0 0 Part I, Line 7 Catalyst Schools paid bonuses during 2018, some of which are reported on Part II, column (B)(ii). These bonuses were determined based on performance and were approved by the discretion of either the Principals, CEO, or Board of Directors. X Imputed Interest 2 145332 Cost 0 0 0 0 Part I, Column (b): Represents the number of contributions. Form 990, Part VI, Section B, line 11b Form 990 is reviewed by the Treasurer and all members of the Board prior to filing. Form 990, Part VI, Section B, line 12c The Catalyst Board Manual and Catalyst Employee Handbook addresses the Board members/employees responsibilities to raise any possible conflict of interest. The Catalyst Code of Ethics, Conflict of Interest, and Whistleblower policies are acknowledged annually by employees and Board members. Form 990, Part VI, Section B, line 15 The compensation of the CEO and other officers is reviewed by the Board annually. Comparability data is reviewed for all employees. Minutes are kept documenting the discussions setting officer compensation. All compensation is ultimately reviewed by the Board as part of the annual budget process. A Board vote is taken on the approval of the annual budget, which is documented on the finance committee board minutes and posted on Catalyst Schools' website. Form 990, Part VI, Section C, line 19 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).