2018-12-12T17:11:29-06:00 2018-07-31 BKD LLP 1901 S Meyers Road Suite 500 Oakbrook Terrace IL 601815209 990 2017-08-01 362535895 Near North Montessori School % LINDA RUDNICK AND ROBERT HAR NEAR 7733841434 1434 W Division Street Chicago IL 60642 CHARLES G HUNTER BOARD PRESIDENT 7733841434 2018-12-15 true Scott C Termine P00137961 6302829500 2018-12-15 167.68.126.162 15750420183465000000 2018-12-12 P 3AD2A557C0ADCA6ADED9F2F0909F1154C649112E ADCCD09262EF154B7A92B0019AAB504319DF82B8 2017 2019-02-21 02:37:17Z AUDREY PERROTT 1434 WEST DIVISION STREET CHICAGO IL 60642 16647129 false X WWW.NNMS.ORG X 1963 IL NEAR NORTH MONTESSORI SCHOOL PREPARES STUDENTS FOR LIFE IN AN EVER CHANGING AND COMPLEX WORLD, INSPIRING THEM TO REACH THEIR INHERENT POTENTIAL . . . SEE SCHEDULE O 18 18 175 750 0 999056 3351908 11038187 11593112 233049 289489 410229 409305 12680521 15643814 716729 765312 0 0 7747943 8137054 0 0 654632 3072395 3314616 11537067 12216982 1143454 3426832 28617469 31858487 10372214 9947368 18245255 21911119 NEAR NORTH MONTESSORI SCHOOL PREPARES STUDENTS FOR LIFE IN AN EVER CHANGING AND COMPLEX WORLD, INSPIRING THEM TO REACH THEIR INHERENT POTENTIAL THROUGH MONTESSORI PHILOSOPHY AND WITH A STRONG PARENT-SCHOOL PARTNERSHIP. false false 9942587 765312 11593112 NNM PROVIDED PRE-SCHOOL AND PRIMARY SCHOOL (THROUGH 8TH GRADE) EDUCATION TO 581 STUDENTS GUIDED BY THE PEDAGOGY OF DR. MARIA MONTESSORI. 9942587 true true false false false false false false false true true false false false true true true false true false false false false false true false false false true true true false false false false false false true false false false true false false false false false false false false true 28 0 175 true false false false false false true true false false false false X 18 18 false false false false true true false true true false false true true true true true true true true false IL X LINDA RUDNICK AND ROBERT HAR 7733841434 1434 WEST DIVISION STREET CHICAGO IL 60642 X X Charles Hunter President 2.0 0.0 X X 0 0 0 Dan Menitoff Vice President 1.0 0.0 X X 0 0 0 Frederic Boyer Treasurer 1.0 0.0 X X 0 0 0 Heidi Schmid Whiting Secretary 1.5 0.0 X X 0 0 0 Jovita Baber Director 1.0 0.0 X 0 0 0 Mary Beyer Director 1.0 0.0 X 0 0 0 Gary Cloudman Director 1.0 0.0 X 0 0 0 Kamau Coar Director -START DATE- 5/21/18 1.0 0.0 X 0 0 0 Jace Cole Director -START DATE- 5/21/18 1.0 0.0 X 0 0 0 Richard Dresden Director 1.0 0.0 X 0 0 0 Randall Froeschle Director 1.0 0.0 X 0 0 0 Eddie Gershman Director -END DATE- 5/21/18 1.0 0.0 X 0 0 0 Shubhra Jain Director 1.0 0.0 X 0 0 0 Miriam Klevin Director -END DATE- 5/21/18 1.0 0.0 X 0 0 0 Kerl LaJeune Director 1.0 0.0 X 0 0 0 Ariel Litvin Director 1.0 0.0 X 0 0 0 Gordon Pan Director -END DATE- 5/21/18 1.0 0.0 X 0 0 0 Julianne Sampson Director 1.0 0.0 X 0 0 0 Reid Schar Director 1.0 0.0 X 0 0 0 Kate Sirkin Director 1.0 0.0 X 0 0 0 Matt Zwiefel Director -START DATE- 5/21/18 1.0 0.0 X 0 0 0 Audrey Perrott Head of School 40.0 40.0 X 218586 0 28552 Linda Rudnick Finance Director 40.0 40.0 X 131283 0 30633 Anne Bergen Elementary Director 40.0 40.0 X 105171 0 18920 Mieko Yoshida Operations & Facilities Direct 40.0 40.0 X 104465 0 20099 Chris Ambroso Junior High Director 40.0 40.0 X 103561 0 13420 663066 0 111624 5 false true false COMMUNITY COUNSELING SERVICE CO LLC 527 MADISON AVE FIFTH FLOOR NEW YORK NY 10022 CONSULTANT 306500 BRUNO CONSTRUCTION MASONRY INC 5648 W LAWRENCE CHICAGO IL 60630 CONSTRUCTION 207823 ROSS BARNEY ARCHITECTS INC 10 W HUBBARD STREET CHICAGO IL 60610 ARCHITECTS 164203 3 652 3351256 198196 3351908 Tuition & Fees 611110 11593112 11593112 11593112 212989 212989 0 0 10000 10000 0 10000 10000 998889 922389 76500 76500 76500 480231 80926 399305 399305 0 0 0 0 0 0 0 15643814 11593112 698794 0 765312 765312 0 0 349869 0 349869 0 0 6036212 5006972 756890 272350 246084 191734 45129 9221 1018042 824075 146602 47365 486847 377392 91253 18202 0 0 69939 69939 0 0 0 435045 169342 22250 243453 0 640918 532571 92008 16339 0 0 137940 135836 1227 877 0 0 70182 35625 1049 33508 325607 320642 2896 2069 0 752148 740678 6690 4780 85487 84184 760 543 Activities 330301 330301 Repairs & Maintenance 184395 181583 1640 1172 BAD DEBT 97518 97518 CLASSROOM SUPPLIES ALLOWANCE 15330 15330 169806 133492 31561 4753 12216982 9942587 1619763 654632 200 250 1089884 2642525 527867 2266382 18012 22081 0 0 0 0 22959 26646 0 0 146039 105528 26621064 7342429 19447085 19278635 7083846 7492285 0 0 0 0 281577 24155 0 0 28617469 31858487 448498 462813 0 0 1386597 1732692 8530000 7747744 0 0 0 0 0 0 0 0 7119 4119 10372214 9947368 X 17714381 19285768 520034 2625350 10840 0 18245255 21911119 28617469 31858487 3426832 239032 X false true X true false X 4901019 10400 457811 35885 5333345 4445519 1300 486731 32531 4901019 4416970 1700 55857 29008 4445519 4278422 1700 156542 19694 4416970 3764191 1980 512251 4278422 0.99600 0.00400 false false 4040208 4040208 8259875 2414193 5845682 13243918 4428332 8815586 549727 499904 49823 527336 0 527336 19278635 0 Capital Lease 4119 4119 X 15150576 239032 33042 -765312 -493238 15643814 15643814 11484712 33042 33042 11451670 765312 765312 12216982 SCHEDULE D, PART V, LINE 4 THE PURPOSE OF THE BOARD DESIGNATED ENDOWMENT FUND IS TO PROVIDE NNM WITH FINANCIAL FLEXIBILITY THAT COMES FROM HAVING A SECURE CAPITAL BASE. THE LONG-TERM GOAL OF THE FUND IS FOR IT TO GROW TO AN AMOUNT CONSIDERED SUFFICIENT BY THE BOARD WHEREBY REGULAR WITHDRAWALS CAN BE MADE FROM THE INVESTED CAPITAL AND USED FOR ONGOING OPERATIONS, REDUCING PRESSURE ON TUITION, OR FOR OTHER SPECIFIED PURPOSES AS DETERMINED BY THE BOARD. SCHEDULE D, PART X, LINE 2 THE SCHOOL IS INCORPORATED UNDER THE LAWS OF THE STATE OF ILLINOIS AS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SCHOOL HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A)(VI). THE SCHOOL RECOGNIZES THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. THE SCHOOL IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEARS BEFORE THE TAX YEAR ENDED JULY 31, 2015. SCHEDULE D, PART XI, LINE 2D GRANTS TO INDIVIDUALS FOR FINANCIAL AID: -$765,312. SCHEDULE D, PART XII, LINE 4B GRANTS TO INDIVIDUALS FOR FINANCIAL AID: $765,312 ASC 740 Footnote Management has evaluated their income tax positions under the guidance included in ASC 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements. true true true true true true true false false false false false false false false false false true SCHEDULE E, PART I, LINE 3 NNM PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH NEWSPAPER MEDIA DURING THE SOLICITATION FOR STUDENTS, AND ALSO VIA THE WEBSITE, BROCHURES AND OTHER SCHOOL LITERATURE. BIG NIGHT 444275 444275 7000 39541 1039 29535 HALLOWEEN PARTY 20069 20069 417 1234 566 1 15887 15887 1595 480231 480231 7000 39958 2273 31696 80927 399304 true SCHOLARSHIPS 84 765312 SCHEDULE I, PART I, LINE 2 APPLICANTS ARE REQUIRED TO SUBMIT AN APPLICATION AND PROVIDE THEIR TAX RETURN. ALL APPLICATIONS ARE REVIEWED TO DETERMINE NEED AND ALL INFORMATION, INCLUDING NOTES, ARE RETAINED ON AN ELECTRONIC FILING SYSTEM. X X X X false false false false false false false false false Audrey Perrott Head of School 218586 11167 17385 247138 Linda Rudnick Finance Director 131283 6901 23732 161916 A ILLINOIS FINANCE AUTHORITY 861091967 2011-12-21 10000000 REFUND PRIOR ISSUE, ISSUED 05/27/2 false false false A 1470000 0 10000000 0 0 0 0 0 0 0 10000000 0 2012 true false true true A false false false false 0 false false false true A false false true false false false 0 false 0 false true A true SCHEDULE K, PART 1, COLUMN F On May 27, 2009, the Illinois Finance Authority issued $12,000,000 of Educational Facility Revenue Bond Series 2009 to MB Financial Bank in order to loan the proceeds of the bond to Near North Montessori School for the purpose of financing or reimbursing certain costs of the facilities. On December 21, 2011, $10,000,000 of the original bond issue was reissued as a new Educational Facility Revenue Bond, Amended Series 2009 (Amended Bond). Additionally, on January 13,2012, $1,000,000 of the original bond issue was reissued as a new Educational Facility Revenue Bond, 2012 Amended Series 2009. On January 28, 2014, the School paid off the Educational Facility Revenue Bond, 2012 Amended Series 2009 with a final payment of $996,626. Total principal payments on the bonds during the years ended July 31, 2018 and 2017, were $520,000 and $460,000,respectively. At July 31, 2018 and 2017, $8,010,000 and $8,530,000, respectively, was outstanding on the bond payable. 24000 Tuition Assistance Financial Hardship SCHEDULE L, PART III, LINE 1 Tuition assistance was given to family members of disqualified persons under the same process, terms and conditions as those for the general public. The names of these individuals are not subject to public disclosure. X 4 192763 FMV false true false FORM 990, PART VI, LINE 1A ALL VOTING RIGHTS ARE THE SAME. ON OCCASION, THE FULL BOARD DELEGATES AUTHORITY TO THE EXECUTIVE COMMITTEE FOR SPECIFIC TASKS. AN EXAMPLE WAS WHEN THE BOARD DELEGATED AUTHORITY TO THE EXECUTIVE COMMITTEE TO NEGOTIATE WITH THE CITY ON BEHALF OF THE SCHOOL TO PURCHASE THE PARKING LOT WITHIN THE COST THAT WAS APPROVED BY THE FULL BOARD. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION SHALL HAVE ONE CLASS OF MEMBERS, CONSISTING OF EACH OF THE PARENTS OF CHILDREN WHO ARE ENROLLED IN THE SCHOOL FOR CURRENT INSTRUCTION. A PARENT SHALL CEASE TO BE A MEMBER OF THE CORPORATION UPON THE GRADUATION, DISMISSAL OR WITHDRAWAL FROM THE SCHOOL OF THE PARENTS' CHILD OR CHILDREN, PROVIDED, HOWEVER, THAT NO MEMBERSHIP SHALL BE TERMINATED BECAUSE ANY OF THE PARENTS' CHILDREN ARE NOT ATTENDING ANY SUMMER SESSION THAT MAY BE OFFERED. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CORPORATION ELECT THE DIRECTORS AT EACH ANNUAL ELECTION. FORM 990, PART VI, SECTION B, LINE 11B THE CONTROLLER AND THE FINANCE AND OPERATIONS DIRECTOR RECEIVE THE COMPLETED FORM 990 FROM THE ACCOUNTING FIRM. THE CONTROLLER AND THE FINANCE AND OPERATIONS DIRECTOR REVIEW THE FORM FOR ACCURACY AND SUBMIT THE COMPLETED FORM TO THE CHAIR OF THE AUDIT COMMITTEE, WHO REVIEWS THE FORM FOR ACCURACY. AFTER THE CHAIR OF THE AUDIT COMMITTEE AND THE CONTROLLER AND THE FINANCE AND OPERATIONS DIRECTOR HAVE COMPLETED THEIR REVIEW, THE FORM 990 IS MADE AVAILABLE BY EMAIL TO THE ENTIRE BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENT. THE AUDIT AND THE FORM 990 ARE PRESENTED BY THE OUTSIDE AUDITOR AND AUDIT COMMITTEE CHAIR TO THE FULL BOARD (OR TO THE EXECUTIVE COMMITTEE WITH BOARD APPROVAL). UPON BOARD OR EXECUTIVE COMMITTEE APPROVAL OF THE AUDIT REPORT AND FORM 990, THE BOARD PRESIDENT SIGNS BOTH THE FEDERAL AND STATE RETURNS TO BE FILED IN A TIMELY MANNER. FORM 990, PART VI, SECTION B, LINE 12C IN SEPTEMBER OF EACH YEAR, THE CONTROLLER AND/OR THE FINANCE AND OPERATIONS DIRECTOR DISTRIBUTE THE CONFLICT OF INTEREST POLICY AND THE ANNUAL AFFIRMATION FORM TO ALL INTERESTED PERSONS. (I.E. VOTING MEMBERS OF THE BOARD, VOTING MEMBERS OF ANY COMMITTEES OF THE BOARD; THE SCHOOL'S HEAD OF SCHOOL, FINANCE AND OPERATIONS DIRECTOR, DEVELOPMENT DIRECTOR, LOWER SCHOOL DIRECTOR, ELEMENTARY SCHOOL DIRECTOR, UPPER SCHOOL DIRECTOR, HUMAN RESOURCES DIRECTOR AND DIVERSITY DIRECTOR). THE ANNUAL AFFIRMATION FORM IS SIGNED BY ALL INTERESTED PERSONS, AFFIRMING THAT THE INDIVIDUAL RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; THAT THEY HAVE READ THE POLICY; THAT THEY AGREE TO COMPLY WITH THE POLICY AND THAT THEY UNDERSTAND THAT THE SCHOOL IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE IN ACTIVITIES WHICH PRIMARILY ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES. THE SIGNED FORM IS GIVEN TO THE CONTROLLER AND /OR THE FINANCE AND OPERATIONS DIRECTOR, WHO CHECK TO MAKE SURE THE FORMS ARE ALL AFFIRMATIVE, AND THEN MAINTAIN THE FORMS ON FILE. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE SCHOOL'S BOARD OF DIRECTORS WHICH INCLUDES THE PRESIDENT OF THE BOARD (WITH ASSISTANCE FROM THE HUMAN RESOURCES DIRECTOR AND THE FINANCE AND OPERATIONS DIRECTOR, WHEN APPLICABLE), LEADS THE PROCESS TO MARKET PRICE THE JOB OF THE HEAD OF SCHOOL. THIS PROCESS IS FOLLOWED WHEN A HEAD OF SCHOOL IS HIRED AS WELL AS EACH TIME A HEAD OF SCHOOL'S CONTRACT IS RENEWED. (THE HEAD OF SCHOOL'S 3-YEAR CONTRACT WAS RENEWED 8/1/2018.) THIS PROCESS CONSISTS OF 1) GATHERING COMPENSATION DATA FROM COMPARABLE DATA SOURCES, ENSURING THAT APPLICABLE JOB PERFORMANCE IS TAKEN INTO ACCOUNT; 2) DETERMINING A WAGE CONSISTENT WITH THOSE FINDINGS WHILE ENSURING THAT THE RESULTING COMPENSATION FALLS WITHIN THE BOARD APPROVED BUDGET FOR STAFF EXPENSES; 3) PRESENTING A RECOMMENDATION TO THE BOARD OF DIRECTORS AS TO THE COMPENSATION OF THE HEAD OF SCHOOL FOR APPROVAL BY THE BOARD; AND 4) DOCUMENTING THE DECISION OF THE BOARD IN THE BOARD MINUTES. DISCUSSION OF COMPENSATION IS HELD IN A CLOSED SESSION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15B THE HEAD OF SCHOOL, HUMAN RESOURCES DIRECTOR AND THE FINANCE AND OPERATIONS DIRECTOR LEAD THE PROCESS TO MARKET PRICE THE JOBS OF OTHER DIRECTORS OR KEY EMPLOYEES. THE COMPENSATION COMMITTEE MAY ASSIST OR REVIEW GENERAL COMPENSATION RANGES FOR THESE ROLES. THIS PROCESS IS FOLLOWED WHEN A DIRECTOR/KEY EMPLOYEE IS HIRED AS WELL AS EACH TIME A DIRECTOR/KEY EMPLOYEE'S SALARY IS ADJUSTED. THIS PROCESS CONSISTS OF GATHERING COMPENSATION DATA FROM COMPARABLE DATA SOURCES, ENSURING THAT APPLICABLE JOB PERFORMANCE IS TAKEN INTO ACCOUNT, AND ULTIMATELY DETERMINING A WAGE CONSISTENT WITH THOSE FINDINGS WHILE ENSURING THAT THE RESULTING COMPENSATION FALLS WITHIN THE BOARD APPROVED BUDGET FOR STAFF EXPENSES. A WAGE REVIEW IS DONE ANNUALLY AS THE BUDGET IS BEING DETERMINED AND AGAIN PRIOR TO AUGUST 1 OF EACH YEAR, WHEN NEW WAGES TAKE EFFECT. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AND THE FORM 1023 ARE AVAILABLE TO THE PUBLIC UPON REQUEST. PDF VERSIONS ARE AVAILABLE AT NO CHARGE AND WILL BE PROVIDED WITHIN 3 BUSINESS DAYS OF THE REQUEST (OR AS SOON AS ADMINISTRATIVELY POSSIBLE). PRINTED COPIES WILL BE PROVIDED WITHIN 5 BUSINESS DAYS OF THE REQUEST (OR AS SOON AS ADMINISTRATIVELY POSSIBLE). THE SCHOOL RESERVES THE RIGHT TO CHARGE A REASONABLE COPYING FEE PLUS POSTAGE FOR REQUESTS FOR PRINTED COPIES. THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO CONSTITUENTS IN SEPTEMBER OF EACH YEAR, AND IS AVAILABLE TO ANY INTERESTED PARTY BY REQUEST. AUDITED FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED JULY 31 ARE PRESENTED AT THE NOVEMBER OR DECEMBER BOARD MEETING OR THE EXECUTIVE COMMITTEE MEETING HELD IN LIEU OF A BOARD MEETING. BOARD MEETINGS ARE OPEN TO CONSTITUENTS, EXCEPT WHEN NOTED AS A CLOSED SESSION. A COPY OF THE MINUTES TO BOARD MEETINGS ARE AVAILABLE AS ABOVE. FORM 990, PART I, LINE 1 through montessori philosophy and with a strong parent-school partnership.