2018-10-01T16:27:10-05:00 2017-12-31 420714325 RSM US LLP 1 S WACKER DRIVE STE 800 CHICAGO IL 60606 990 2017-01-01 364279013 Chicago Public Education Fund CHIC 3125584500 200 West Adams No 2150 Chicago IL 606065230 Heather Y Anichini President & CEO 3125584500 2018-09-13 1 Thomas Bishop P01694331 3126343400 2017 2022-09-23 18:48:47Z Heather Y Anichini 200 West Adams No 2150 Chicago IL 606065230 19858751 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. 26 25 27 25 0 0 3302398 8691634 0 0 121639 21734 0 0 3424037 8713368 422287 26125 0 0 1722204 1928059 0 0 269975 2505265 2771909 4649756 4726093 -1225719 3987275 11388702 15461155 527087 574313 10861615 14886842 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 2439893 26125 0 Principal Quality Initiative The Fund is working to more than double the number of high-performing principals in Chicago's public schools by 2018. The Fund's Principal Quality work includes investments in principal programming, actionable data and public reporting. In 2017, this included work to improve the retention of Chicago's top-performing public school principals through the Chicago Principals Fellowship. 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. Thirty high-performing principals joined the fourth cohort of The Fellowship in 2017, committing to lead in Chicago through at least 2020. In addition, The Fund partnered with the Cahn Fellows Program at Teachers College, Columbia University, to offer opportunities to seven Chicago principals. The Cahn Fellows Program is a national program that recognizes top principals and develops their capacity as leaders. In addition to these retention efforts, more than 150 principals received in-role supports through The Fund's programs and investments. This includes 52 principals who engaged in coaching opportunities with University of Illinois (UIC) and National Louis University (NLU), and 45 principals who participated in one of seven principal-led Professional Learning Communities (PLCs). Each PLC is facilitated by a high-performing principal recruited from previous cohorts of Fund programming. The Fund also 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 78 percent response rate and informed organizational strategy and programming. For example, with this data, The Fund published its 2017 Progress Report. The report shared key facts about new principals in Chicago during the 2017-18 school year. In 2017, The Fund also supported 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 2017, The Partnership launched a powerful Data Warehouse that produces regular reports on key principal quality metrics for stakeholders, and published some results from The Fund's annual survey. The Fund's activities in 2017 helped recruit, support and retain high-performing principals in more than 300 of Chicago's public schools. 1009316 0 0 Innovative Educator NetworkThe Fund supports principals and their educator teams as they use innovative models to accelerate student learning. In addition to the principals who participated in coaching and PLC programs, The Fund also supported 58 principal-led teams through our fifth 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 2017 SDP, principal-led teams worked directly with expert partners from Sensible Innovation, UChicago Impact and the National SAM Innovation Project. An additional 15 principals from CPS Network 10 received supports through Sensible Innovation. 403446 0 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 2017, The Fund focused on elevating the stories of the city's top principals through several reports, including the 2017 Progress Report, Profiles in School Leadership: Implementing Personalized Learning, Implementing Higher Standards in Chicago's Public Schools and the 2017 Summer Design Program Report. The Fund also invested resources in its Educator Advisory Committee (EAC), designed to inform Fund strategy and program. In 2017, the EAC included more than a dozen principals and assistant principals from public schools citywide. Finally, The Fund celebrated educators citywide through our first annual Principal Appreciation Campaign, which involved social media outreach, videos sharing exceptional principal stories, ads on local transit routes and a celebration event attended by more than 100 principals and leaders from across the city. 3852655 1 1 0 1 0 0 0 0 0 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 26 0 1 27 1 0 0 0 0 0 0 0 0 0 0 X 26 25 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 307549 0 41999 Brian P Simmons Chair 4.00 X X 0 0 0 Brent Gledhill Chair Elect 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 Kevin Callis 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 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 Timothy Knowles 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 Deborah Quazzo Director 1.00 X 0 0 0 Jana R Schreuder Director 1.00 X 0 0 0 Penny Bender Sebring 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 Investments 40.00 X 178688 0 35382 Nelson Gerew Director, Data, Policy & Reports 40.00 X 136600 0 7088 Tiffany Gholston Dir., Org. Planning & Development 40.00 X 115588 0 32638 738425 0 117107 4 0 1 0 Convergence Consulting Group 2502 N Rocky Point Dr Ste 650 Tampa FL 33607 Principal quality database development 654322 Kellogg School of Management 2001 Sheridan Road Evanston IL 60208 Executive training for top principals 437100 Sensible Innovation Inc 672 S Everett Street Lakewood CO 80226 Summer Design Program Support 155216 National SAM Innovation Project 672 S Everett Street Lakewood CO 80226 Summer Design Program Support 154920 Teachers College Columbia University 525 West 120th Street New York NY 10027 Principal leadership development 124000 5 8691634 8691634 152177 152177 11014940 11145383 -130443 -130443 -130443 8713368 0 0 21734 X 13125 13125 13000 13000 563618 391687 91317 80614 1085315 867948 127329 90038 34716 28057 3948 2711 143377 111662 18064 13651 101033 77383 13308 10342 2915 2915 22777 22777 19640 19640 2106728 2037981 68747 220660 34253 154164 32243 71666 42189 23287 6190 51462 39114 6308 6040 193785 147286 23755 22744 19933 6521 13334 78 10538 7970 2568 45364 34479 5561 5324 6441 6441 4726093 3852655 603463 269975 1764499 1923074 1037008 835796 3905406 6888529 42905 37163 586600 486494 46684 100106 4551469 5626078 40731 50409 11388702 15461155 481849 421869 45238 152444 527087 574313 X 6409709 7515814 4451906 7371028 10861615 14886842 11388702 15461155 3987275 37952 0 X 0 1 X 1 0 X 3881540 8765254 2380320 3302398 8691634 27021146 3881540 8765254 2380320 3302398 8691634 27021146 12636129 14385017 12324 7763 181017 188642 152177 541923 27563069 0.52190 0.45250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 5407416 5407416 420371 105093 0 0 303822 370375 384813 420371 1479381 2219072 75956 92594 96203 105093 369846 554769 224916 186567 38349 361684 299927 61757 100106 Deferred Rent 152444 152444 X 9432643 37952 700963 738915 8693728 19640 19640 8713368 5407416 700963 700963 4706453 19640 19640 4726093 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. The Fund is generally no longer subject to examination by the Internal Revenue Service for years before 2014. 1 Chicago Public Schools 42 W Madison Street Chicago IL 60602 366005821 13125 Professional Learning Community Stipends. 1 0 Grants To Principals 12 13000 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 237549 0 70000 0 0 0 12600 0 29399 0 349548 0 0 0 Chaula Gupta VP, Program Investments 163388 0 15300 0 0 0 7412 0 27970 0 214070 0 0 0 Part I, Line 7 Employees may receive a year-end bonus computed as a percentage of their base salary. For the President & CEO, the Executive Committee determines the final amount to be paid. For all other staff, the CEO determines the final amount to be paid. 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 web site. 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 64,875. Fundraising expenses 0. Total expenses 64,875. Clerical Temps: Program service expenses 0. Management and general expenses 3,872. Fundraising expenses 0. Total expenses 3,872. Program Service Fees: Program service expenses 2,037,981. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,037,981.