2019-09-09T10:28:00-05:00 2018-12-31 420714325 RSM US LLP 1 S Wacker Drive Ste 800 Chicago IL 60606 990 2018-01-01 364279013 Chicago Public Education Fund CHIC 3125584500 200 West Adams No 2150 Chicago IL 606065230 Heather Y Anichini President & CEO 3125584500 2019-08-21 1 Rebekuh Eley P01247672 3126343400 66.98.98.129 2019-08-21 13:39:48 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 8C7237D2AFEDFB09D88626A2D3FB2BC60A40D8C2 2018 2019-02-21 02:37:17Z Heather Y Anichini 200 West Adams No 2150 Chicago IL 606065230 25574217 0 X www.TheFundChicago.org X 1999 IL The Fund is a nonprofit organization that works to build a critical mass of great public schools in Chicago by investing in talented principals and enabling educator teams to reinvent classroom learning in ways that dramatically improve student outcomes. The Fund is a catalyst for accelerating student learning in all of Chicago's public schools and has been a longstanding leader in identifying and scaling what works for teachers and principals, as well as the students they serve. Please visit our website at www.thefundchicago.org to learn more about The Fund. 25 24 31 28 0 12218 8691634 11278121 0 0 21734 736 0 0 8713368 11278857 26125 88500 0 0 1928059 2046693 0 0 194036 2771909 2367310 4726093 4502503 3987275 6776354 15461155 21901790 574313 474520 14886842 21427270 X The Chicago Public Education Fund (the Fund) is building a critical mass of great public schools in Chicago by investing in talented principals and enabling educator teams to reinvent classroom learning in ways that dramatically improve student outcomes. 0 0 1780619 88500 Program and InnovationThe Fund's work includes investments in principal programming, actionable data and public reporting.Our most recent cycle, Fund 4, reached more than 70 percent of sitting principals and helped many of them improve. The number of principals rated proficient or above who are serving in Level 1 or Level 1+ schools grew from 150 in 2013 to more than 300 in 2018. In 2018, 279 unique principals received in-role supports through The Fund's programs and investments across 383 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 20 principals who participated in a "Leading Change" course with the Harvard Graduate School of Education, which is designed to help principals better manage their teams through adaptive leadership practices. One-hundred-and-sixty-two principals participated in one of 19 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 72 principal-led teams through our sixth 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 2018 SDP, principal-led teams worked directly with expert partners from UChicago Impact and the National SAM Innovation Project. An additional 20 principals received supports through Sensible Innovation as part of their work with LEAP Innovations.Finally, The Fund launched a new pilot, the South Side Education Alliance (SSEA), which includes eight principals and their teams who serve high-need students in and around the Bronzeville area of Chicago. Each of these schools is receiving a slate of programs, which, when taken together, are designed to help educators improve student outcomes. These include family engagement programming provided by Stand for Children, instructional coaching for principals and teacher leaders provided by Fulcrum Education Solutions, support building a school environment conducive to student learning provided by UChicago Impact and distributed leadership provided by the National SAM Innovation Project. 1692748 Systems and Policies In 2018, 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 2018, The Partnership completed development of a powerful Data Warehouse that produces regular reports on key principal quality metrics for stakeholders, conducted a working group on the principal pipeline in Chicago and published two reports about principal satisfaction and engagement and principal turnover.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) and The Cahn Fellows 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-three high-performing principals joined the fifth cohort of The Fellowship in 2018, committing to lead in Chicago through at least 2020. 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. 488019 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 2018, The Fund invested resources in its Educator Advisory Committee (EAC), which is designed to inform Fund strategy and program. In 2018, the EAC included sixteen principals from public schools citywide. 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 an 82 percent response rate and informed organizational strategy and programming.Finally, The Fund celebrated educators citywide through our second annual Principal Appreciation Campaign, which involved social media outreach, videos sharing exceptional principal stories and a celebration event attended by more than 150 principals and leaders from across the city. 3961386 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 29 0 1 31 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 25 24 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 Ste 2150 Chicago IL 606065230 Heather Y Anichini President & CEO 40.00 X X 320153 0 40834 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 Laura Bilicic 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 Mellody Hobson Director 1.00 X 0 0 0 Andrew Lerner Director 1.00 X 0 0 0 Stuart E Lucas 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 1.00 X 0 0 0 Elizabeth Swanson Director 1.00 X 0 0 0 David J Vitale Director 1.00 X 0 0 0 Chaula Gupta VP, Program & Engagement 40.00 X 194802 0 36735 Nelson Gerew Director, Data & Policy 40.00 X 169240 0 8456 684195 0 86025 3 0 1 0 Convergence Consulting Group 2502 N Rocky Point Dr Ste 650 Tampa FL 33607 Principal Quality Database Development 491008 Kellogg School of Management 2001 Sheridan Rd Evanston IL 60208 Executive Training For Top Principals 327100 National SAM Innovation Project 672 S Everett St Lakewood CO 80226 Summer Design Program Support 280100 UChicago Impact LLC 1313 E 60th St Chicago IL 60637 Summer Design Program Support 161000 Teachers College Columbia University 525 W 120th St New York NY 10027 Principal Leadership Development 124250 5 11278121 11278121 138620 138620 14157476 14295360 -137884 -137884 -137884 11278857 0 0 736 X 8500 8500 80000 80000 770220 662203 44985 63032 1024377 888595 67632 68150 28332 24420 1972 1940 113864 97907 7718 8239 109900 94939 6940 8021 3010 3010 23475 23475 23464 23464 1745165 1675763 69402 113977 81886 17150 14941 73685 42025 28012 3648 66842 55827 5982 5033 229090 191339 20502 17249 15848 12230 3348 270 18247 7896 10251 100 45326 37856 4057 3413 6061 6061 Income Tax Provision 3120 3120 4502503 3961386 347081 194036 1923074 1688897 835796 2076579 6888529 12945811 37163 23864 603478 531820 100106 71658 5626078 5063371 50409 31610 15461155 21901790 421869 275884 90000 152444 108636 574313 474520 X 7515814 6802826 7371028 14624444 14886842 21427270 15461155 21901790 X 6776354 139595 -375521 X 0 1 X 1 0 X 8765254 2380320 3302398 8691634 11278121 34417727 8765254 2380320 3302398 8691634 11278121 34417727 16130534 18287193 7763 181017 188642 152177 138620 668219 35085946 0.52120 0.52190 X 4499383 4499383 374969 93742 0 0 370375 384813 420371 374969 1550528 2325792 92594 96203 105093 93742 387632 581448 0 1 X 224916 198677 26239 378562 333143 45419 71658 Deferred Rent 108636 108636 X 11425572 139595 30584 170179 11255393 23464 23464 11278857 4509623 30584 30584 4479039 23464 23464 4502503 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 (the Program) in partnership with Chicago Public Schools. The Fund received a payment of $90,000 from the Foundation which will be disbursed during 2019 under the direction of the Foundation to Chicago Public Schools for payment of stipends to principals participating in the Program. 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 8500 Professional Learning Community Stipends. 1 0 Grants To Principals 24 80000 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. At any point during the grant period, The Fund may withhold the associated payment if a particular benchmark is not met or can decide to discontinue funding if ample progress is not being made in a timely manner against the specified benchmark goals. X X X X 0 0 0 0 0 0 0 1 0 Heather Y Anichini President & CEO 239153 0 81000 0 0 0 11415 0 29419 0 360987 0 0 0 Chaula Gupta VP, Program & Engagement 176302 0 18500 0 0 0 8140 0 28595 0 231537 0 0 0 Nelson Gerew Director, Data & Policy 153740 0 15500 0 0 0 6820 0 1636 0 177696 0 0 0 Part I, Line 7 Employees are eligible for discretionary year-end merit-based bonuses. Approvals for the bonus amounts are determined using the same procedures as for base compensation, described in the response to Form 990, Part VI, Section B, Line 15. 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 21,000. Management and general expenses 68,850. Fundraising expenses 0. Total expenses 89,850. Clerical Temps: Program service expenses 0. Management and general expenses 552. Fundraising expenses 0. Total expenses 552. Program Service Fees: Program service expenses 1,654,763. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,654,763. Form 990, Part XI, line 9: Loss on uncollectible pledges -375,521.