2020-08-27T14:56:03-05:00 2019-12-31 420714325 RSM US LLP 1 S Wacker Drive Ste 800 Chicago IL 60606 990 2019-01-01 364279013 Chicago Public Education Fund CHIC 3125584500 200 West Adams No 2150 Chicago IL 606065230 Heather Y Anichini President & CEO 3125584500 2020-08-24 1 Rebekuh Eley P01247672 3126343400 24.148.73.224 2020-08-24 09:56:59 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 8C7237D2AFEDFB09D88626A2D3FB2BC60A40D8C2 2019 2020-11-06 18:47:13Z Heather Y Anichini 200 West Adams No 2150 Chicago IL 606065230 16068115 0 X www.TheFundChicago.org X 1999 IL The Fund improves public schools by investing in the talented educators who lead them. 21 20 27 23 0 0 11278121 6056803 0 0 736 221057 0 3120 11278857 6280980 88500 181850 0 0 2046693 2284935 0 0 143331 2367310 2619038 4502503 5085823 6776354 1195157 21901790 23045007 474520 389021 21427270 22655986 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 2682437 160500 Program and Innovation The Fund's work includes investments in principal 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. In 2019, we served leaders in nearly half of Chicago's public schools, impacting 154,000 students, 75% of whom are low-income. We positively impacted principal satisfaction, retention and student outcomes across important measures: 90% of principals say their participation in Fund programming increased their in-role satisfaction, and 31% of participating principals achieved an improvement in their overall 5Essentials rating, compared to a system wide average of 21% for all non-participating principals.Specifically, we served 283 principals in 373 program slots. This includes 32 principals who improved retention rates among their teachers in partnership with The New Teacher Project (TNTP) and Chicago Public Schools (CPS) and 23 principals who worked with Tegy, Inc., to modify their school schedules to more strategically serve their students. One-hundred-fifty-four principals participated in one of 20 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 70 principal-led teams through our seventh 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 2019 SDP, principal-led teams worked directly with expert partners from University of Chicago Impact and the National SAM Innovation Project. 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 Executive Principal. 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-three high-performing principals joined the fifth cohort of The Fellowship in 2019, committing to lead in Chicago through at least 2021. 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. We also launched the Executive Principal program in the 2018-19 school year. This program is a unique year-long opportunity for two principals to work and grow together through an intensive mentorship relationship. Principals, who spend up to 300 hours together throughout the school year, are paired based on complementary strength and growth areas and school demographics. Six principals engaged in the first cohort. Across all our program investments, we double down on our organizational commitment to equity. This included prioritizing supports for the schools that need it the most through one of our pilot efforts, the South Side Education Alliance. This program 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. 1325553 7000 Systems and Policies In 2019, The Fund continued to support The Chicago Principal Partnership (The Partnership), a citywide effort to provide actionable principal quality data to stakeholders and ensure that principal quality remains an enduring priority in Chicago's school improvement strategy. In 2019, The Partnership utilized its Data Warehouse that produces regular reports on key principal quality metrics for stakeholders and external audiences. We also increased our efforts to engage Local School Council (LSC) members and develop resources to help LSCs hire principals. This included launching an LSC Focus Group with 12 members who all represent parents and community members. With this group, we created an informational video around the complicated processes of hiring principals and navigating school budgets, and we compiled a principal hiring toolkit.Finally, in 2019, we identified the next edge of growth in Chicago's talent strategy: building a strong leadership bench for new principals. Our data analysis showed that school performance tends to drop in the year following a principal transition and does not recover the difference, even three years later. However, successors who have prior principal experience at another CPS are typically able to drive greater improvement over time. Through the generous support of the Crown Family Philanthropies, we launched two pilot programs in the 2019-20 school year, APs Rising and the Chicago Principal Endorsement Partnership, to make the pathway to the principalship more transparent and to create principal-like experiences for aspiring leaders. 537389 14350 0 Educator Engagement The Fund seeks to engage perspectives from diverse educators to inform its program and policy efforts and develop a theory on what high-performing principals need to lead successfully. In 2019, The Fund invested resources in its Educator Advisory Committee (EAC), which is designed to inform Fund strategy and program. The EAC included fifteen principals from public schools on the West Side of Chicago. In addition, The Fund worked to inform its own and the city's efforts to improve principal quality by performing regular engagement surveys, exit surveys and focus groups with public school principals in Chicago. The Fund's annual engagement survey yielded a nearly 80% response rate and informed organizational strategy and programming.Finally, The Fund celebrated educators citywide through our third annual Principal Appreciation Campaign, which involved social media outreach with over seven million impressions, and videos sharing exceptional principal stories. 4545379 1 1 0 1 0 0 0 0 1 0 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 31 0 1 27 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 20 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 2150 Chicago IL 606065230 Heather Y Anichini President & CEO 40.00 X X 333102 0 46661 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 Andrew Lerner Director (thru 12/4/19) 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 Penny Bender Sebring Director 1.00 X 0 0 0 Brian P Simmons Director 1.00 X 0 0 0 Eric Smith Director (thru 12/4/19) 1.00 X 0 0 0 Elizabeth Swanson Director (thru 5/8/19) 1.00 X 0 0 0 David J Vitale Director 1.00 X 0 0 0 Chaula Gupta Vice President 40.00 X 186923 0 42040 Nelson Gerew Director, Data & Policy 40.00 X 166740 0 7980 686765 0 96681 3 0 1 0 National SAM Innovation Project 672 S Everett St Lakewood CO 80226 Summer design and SSEA support 365840 Fulcrum Education Solutions 300 W Adams Street Ste 1000 Chicago IL 60606 Principal coaching and support 307000 UChicago Impact LLC 1313 E 60th St Chicago IL 60637 Summer design and SSEA support 234000 Kellogg School of Management 2001 Sheridan Rd Evanston IL 60208 Executive training for top principals 187100 Convergence Consulting Group 2502 N Rocky Point Dr Ste 650 Tampa FL 33607 Principal quality database maintenance a 144601 6 6056803 6056803 215991 215991 9792201 9787135 5066 5066 5066 3120 3120 3120 6280980 0 0 224177 X 25600 25600 156250 156250 783446 671034 46712 65700 1215617 1073504 106590 35523 41992 37151 3749 1092 121138 105649 10544 4945 122742 107139 9514 6089 1442 1442 24930 24930 29447 29447 1954113 1878398 75715 122356 103128 12178 7050 75861 45177 27808 2876 65085 56501 4893 3691 243998 211817 18344 13837 31296 28352 2939 5 19872 7053 12819 44494 38626 3345 2523 6144 6144 5085823 4545379 397113 143331 1688897 1033224 2076579 1781452 12945811 11106708 23864 54946 499634 449700 71658 49934 5063371 8968427 31610 50316 21901790 23045007 275884 223245 90000 105000 108636 60776 474520 389021 X 6802826 11328243 14624444 11327743 21427270 22655986 21901790 23045007 X 1195157 36929 -3370 X 0 1 X 1 0 X 2380320 3302398 8691634 11278121 6056803 31709276 2380320 3302398 8691634 11278121 6056803 31709276 14704838 17004438 181017 188642 152177 138620 215991 876447 3120 3120 32588843 0.52180 0.52120 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 5056376 5056376 402819 100705 0 0 384813 420371 374969 402819 1582972 2374458 96203 105093 93742 100705 395743 593615 0 1 X 224916 210787 14129 274718 238913 35805 49934 Deferred Rent 60776 60776 X 6300506 36929 12044 48973 6251533 29447 29447 6280980 5068420 12044 12044 5056376 29447 29447 5085823 Part IV, Line 2b: The Fund serves as fiscal agent on behalf of the Schwartz Ward Family Foundation (the Foundation) with respect to the Executive Principal Program (the Program) in partnership with Chicago Public Schools. In December 2019, The Fund received $210,000 in payment for second year stipends under this program, and $105,000 of this amount was disbursed to Chicago Public Schools during that month. Amounts held for others as fiscal agent totaling $105,000 at December 31, 2019 are reflected on the statements of financial position in an amount equivalent to the related balance held in investments. Part X, Line 2: The Fund is 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 addressed 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 statement 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 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 18600 Advisory committee stipends 1 0 Grants To Principals 40 156250 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 333102 0 0 0 0 0 13800 0 32861 0 379763 0 0 0 Chaula Gupta Vice President 186923 0 0 0 0 0 8000 0 34040 0 228963 0 0 0 Nelson Gerew Director, Data & Policy 166740 0 0 0 0 0 6720 0 1260 0 174720 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 72,900. Fundraising expenses 0. Total expenses 72,900. Clerical Temps: Program service expenses 0. Management and general expenses 2,815. Fundraising expenses 0. Total expenses 2,815. Program Service Fees: Program service expenses 1,878,398. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,878,398. Form 990, Part XI, line 9: Loss on uncollectible pledges -3,370.