2018-03-21T16:15:03-05:00 2017-06-30 362938874 Ostrow Reisin Berk & Abrams Ltd 455 N Cityfront Plaza Dr Suite 1500 Chicago IL 60611 990 2016-07-01 362977187 PROVIDENCE ST MEL SCHOOL PROV 7737224600 119 SOUTH CENTRAL PARK BLVD CHICAGO IL 60624 JEANETTE BUTALA PRESIDENT 7737224600 2018-03-14 1 James G Quaid P00641738 3126707444 2018-03-14 38.106.147.10 2018-03-14 09:53:41 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 344CFA6393D20FDAD73D1836B83BCAAADBA391EC 2016 2021-01-29 14:40:06Z JEANETTE BUTALA 119 SOUTH CENTRAL PARK BLVD CHICAGO IL 60624 11701830 0 X WWW.PSMNOW.COM X 1978 IL TO PROVIDE A HIGH-QUALITY, COLLEGE PREPARATORY EDUCATION FROM PRESCHOOL THROUGH 12TH GRADE. 33 31 77 41 0 0 4951123 5608405 2654658 2404505 361796 2483057 218198 197958 8185775 10693925 43250 32250 0 0 4012958 3924164 0 0 226938 3395796 3209991 7452004 7166405 733771 3527520 75628716 83469425 22420220 20698520 53208496 62770905 PROVIDENCE ST. MEL SCHOOL IS AN INDEPENDENT, PRIVATE SCHOOL WHOSE MISSION IS TO PROVIDE A HIGH-QUALITY, COLLEGE PREPARATORY EDUCATION TO STUDENTS FROM PRESCHOOL THROUGH GRADE 12. THE SCHOOL PRIMARILY TARGETS STUDENTS ON CHICAGO'S WEST SIDE. 0 0 5775574 32250 2404505 PROVIDENCE ST. MEL PROVIDES 176 DAYS OF INSTRUCTION TO 380 STUDENTS FROM PRESCHOOL THROUGH GRADE 12. 27 STUDENTS COMPLETED GRADE 12 AND ALL WERE ADMITTED TO FOUR-YEAR COLLEGES AND UNIVERSITY. 5775574 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 64 5 1 77 1 1 1 0 0 0 0 1 1 0 0 0 0 X 33 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ANA MARTINEZ 7737224600 119 SOUTH CENTRAL PARK BLVD CHICAGO IL 60624 DENISE SEMINETTA CHAIRMAN 4.00 X X 0 0 0 GREGORY PUSINELLI FIRST VICE CHAIR 1.00 X X 0 0 0 MICHAEL D O' HALLERAN VICE CHAIR 1.00 X 0 0 0 KAREN PRITZKER VICE CHAIR 1.00 X X 0 0 0 MICHAEL HORA SECRETARY 1.00 X X 0 0 0 CAROLINE BALLANTINE TRUSTEE 1.00 X 0 0 0 MARY JO BASLER TRUSTEE 1.00 X 0 0 0 RICHARD BURRIDGE TRUSTEE 1.00 X 0 0 0 JOHN CANNING TRUSTEE 1.00 X 0 0 0 DEBORA DE HOYOS TRUSTEE 1.00 X X 0 0 0 MARCIA DOANE TRUSTEE 1.00 X 0 0 0 GARY ELDEN TRUSTEE 1.00 X 0 0 0 HARVE FERRILL TRUSTEE 1.00 X 0 0 0 THOMAS FITZGERALD TRUSTEE 1.00 X 0 0 0 GREGORY GUYETT TRUSTEE 1.00 X 0 0 0 J THOMAS HURVIS TRUSTEE 1.00 X 0 0 0 OSCAR D JOHNSON JR TRUSTEE 1.00 X 0 0 0 SYLVIA JONES TRUSTEE 1.00 X 0 0 0 JUDITH JOY TRUSTEE 1.00 X 0 0 0 BENJAMIN KOVLER TRUSTEE 1.00 X 0 0 0 TODD LIPPMAN TRUSTEE 1.00 X 0 0 0 SCOTT MCKEON TRUSTEE 1.00 X 0 0 0 J DAVID PEPPER TRUSTEE 1.00 X 0 0 0 MICHAEL ROBERTS TRUSTEE 1.00 X 0 0 0 ANDREW ROSENMAN TRUSTEE 1.00 X 0 0 0 ROBERT RYAN TRUSTEE 1.00 X 0 0 0 SAM SCHUPPE TRUSTEE 1.00 X 0 0 0 DAVID STEINBERG TRUSTEE 1.00 X 0 0 0 JAMES STEVENSON JR TRUSTEE 1.00 X 0 0 0 KELLEY KINSELLA TRUSTEE 1.00 X 0 0 0 THOMAS H DITTMER LIFETIME TRUSTEE 1.00 X 0 0 0 PAUL J ADAMS III EXECUTIVE CHAIRMAN 40.00 X X 162380 0 34436 JEANETTE BUTALA PRESIDENT 40.00 X X 159880 0 23986 322260 0 58422 2 0 1 0 CLUNE CONSTRUCTION COMPANY 10 S RIVERSIDE PLAZA SUITE 2200 CHICAGO IL 60606 CONSTRUCTION 2735215 WESTSIDE MECHANICAL 2007 CORPORATE LANE NAPERVILLE IL 60563 HVAC 136263 GENSLER 4549 COLLECTION CENTER DRIVE CHICAGO IL 60693 ARCHITECT 109433 3 1447184 4161221 676318 5608405 TUITION & FEES 611110 2404505 2404505 2404505 799138 799138 2448586 764667 1683919 1683919 1683919 102190 1447184 221120 -118930 -118930 158083 22118 135965 135965 MISCELLANEOUS REVENUE 900099 180923 180923 180923 10693925 2404505 0 2681015 32250 32250 467882 419990 31107 16785 2816820 2564720 148667 103433 85500 76914 5484 3102 313307 276722 26287 10298 240655 218783 13571 8301 250 250 58350 58350 176419 176419 91858 88022 3836 71068 67488 480 3100 186374 118220 13612 54542 154762 153581 1079 102 134908 130436 4062 410 596646 596646 1096722 1075944 19016 1762 119935 100208 18016 1711 REPAIRS AND MAINTENANCE 227445 227419 26 CLASSROOM SUPPLIES 49091 49027 64 REAL ESTATE TAXES 47896 47896 OTHER EVENTS 45712 39403 2861 3448 152555 136447 16108 7166405 5775574 1163893 226938 1360707 510788 6529014 4811273 56550 25000 150928 46696 108596 99397 26804080 12958451 14355581 13845629 33034253 40764173 19027734 22384034 210069 187151 795284 795284 75628716 83469425 751856 174161 770269 663204 19040000 19040000 1858095 821155 22420220 20698520 X 39801727 49592954 7075619 6846801 6331150 6331150 53208496 62770905 75628716 83469425 X 3527520 5080282 954607 X 0 1 X 1 0 X 6191724 5489622 8212468 4951123 5608405 30453342 6191724 5489622 8212468 4951123 5608405 30453342 15105170 15348172 538737 732277 872109 1168944 799138 4111205 86192 57015 17513 160720 5553 55661 110678 161183 180923 513998 35239265 13853391 0.43550 0.46510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7206204 908237 311157 7803284 7967983 1000 -446322 316457 7206204 7966983 1000 128392 128392 7967983 7035326 931657 7966983 6431715 603611 7035326 0.81130 0.18870 0 0 916896 916896 24931701 12346226 12585475 733553 390295 343258 221930 221930 0 13845629 PRIVATE FUNDS 23048338 F INVESTMENT IN WHOLLY OWNED SUBSIDIARY -664304 C 22384034 FAIR VALUE OF INTEREST RATE SWAP 821155 821155 X Part V, Line 4: FUNDS ARE USED TO PROVIDE FINANCIAL AID AND SCHOLARSHIPS TO STUDENTS, SUPPORT SPECIFIC EDUCATIONAL PROGRAMS (MUSIC, TECHNOLOGY, ETC) AND TO MAINTAIN THE PHYSICAL PLANT. Part X, Line 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE). HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE SCHOOL'S TAX-EXEMPT PURPOSE, INCLUDING TAXABLE INCOME FROM EGPPLP WHICH PASSES THROUGH TO THE SCHOOL FROM EGPPI, IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE SCHOOL QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2) OF THE CODE. THE ORGANIZATION HAS ADOPTED THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS AND MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2017 AND 2016. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 CONSISTENT WITH THE ORGANIZATION'S MISSION, PROVIDENCE ST. MEL SCHOOL ABIDES BY ALL FEDERAL, STATE AND LOCAL LAWS WHICH PROHIBIT DISCRIMINATION ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, RELIGION, SEX, AGE OR HANDICAP IN ADMISSIONS, EMPLOYMENT OR PROVISION OF SERVICES OR GOODS. WHERE EDITORIALLY REASONABLE TO DO SO, PROVIDENCE ST. MEL INCLUDES A STATEMENT OF NO DISCRIMINATION IN STUDENT HANDBOOKS, BULLETINS AND OTHER PUBLICATIONS AND ON APPROPRIATE ORGANIZATION WEBSITES. CELEBRATION DINNER 1312008 1272318 39690 57685 67774 GOLF OUTING 237366 174866 62500 74803 20858 1549374 1447184 102190 132488 88632 221120 -118930 158083 20000 2118 1 1.00000 158083 20000 2118 22118 135965 IL 1 0 1 0 1.00000 ANA MARTINEZ 119 S CENTRAL PARK BLVD CHICAGO IL 60624 0 PAUL J ADAMS III EXECUTIVE CHAIRM ORGANIZATION AND APPROVAL OF ALL OPERATIONS X 0 1 SCHOLARSHIPS 18 32250 SCHEDULE I, PART III, LINE 1 GRANTS ARE FOR EDUCATIONAL SCHOLARSHIPS AND SPECIFIC REQUIREMENTS ARE STATED FOR EACH TYPE OF AID, INCLUDING DEMONSTRATION OF FINANCIAL NEED AND MAINTENANCE OF REQUIRED GRADE POINT AVERAGE EACH SEMESTER. THE STUDENTS ATTEND THE SCHOOL AND THE SCHOOL IS ABLE TO OBTAIN ACADEMIC RECORDS AND ATTENDANCE RELATED TO ALL GRANT RECIPIENTS. X X 0 0 0 0 0 0 0 0 0 PAUL J ADAMS III EXECUTIVE CHAIRMAN 162380 0 0 0 0 0 1500 0 32936 0 196816 0 0 0 JEANETTE BUTALA PRESIDENT 159880 0 0 0 0 0 1500 0 22486 0 183866 0 0 0 Part I, Line 3 SEE SCHEDULE O EXPLANATION FOR FORM 990, PART VI, SECTION B, LINE 15 A ILLINOIS FINANCE AUTHORITY 370988139 2015-09-01 19040000 CAPITAL IMPROVEMENTS AND REFUNDING OF PRIOR ISSUE 0 0 0 A 19040000 9800000 176447 9010836 52717 2015 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 1 1 FIFTH THIRD BANK 10.000000000000 0 0 0 0 1 A 1 X 13 673613 FMV X OTHER MISCELLANEOUS GOODS AND SUPPLIES 10 2705 FMV 0 1 0 Form 990, Part VI, Section B, line 11b THE BUSINESS MANAGER AND FINANCE COMMITTEE CHAIR REVIEW A DRAFT OF THE FORM 990 PREPARED BY THE OUTSIDE CPA FIRM, WITH ASSISTANCE FROM MANAGEMENT. A FINAL COPY OF THE RETURN IS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING. Form 990, Part VI, Section B, line 12c ANNUALLY, DIRECTORS AND OFFICERS SIGN THE CONFLICT OF INTEREST FORM AND DISCLOSE AREAS OF POTENTIAL CONFLICT. THESE FORMS ARE REVIEWED BY THE BOARD CHAIR AND PRESIDENT. POTENTIAL CONFLICTS ARISING DURING THE YEAR ARE ALSO REVIEWED BY THE BAORD CHAIR AND PRESIDENT, WHEN REQUIRED. IF FURTHER ACTION NEEDS TO BE TAKEN, THE ISSUE IS BROUGHT BEFORE THE EXECUTIVE COMMITTEE AND IF NECESSARY, THE FULL BOARD. Form 990, Part VI, Section B, line 15 FOR SENIOR STAFF,COMPARABLE SALARIES FROM THE CHICAGO PUBLIC SCHOOLS AND LOCAL PRIVATE SCHOOLS WERE OBTAINED AND USED BY THE BOARD'S AD HOC COMPENSATION COMMITTEE TO BENCHMARK SALARIES OFFERED TO SENIOR STAFF. FOR OTHER KEY POSITIONS WITH THE SCHOOL, SALARIES WERE APPROVED AS PART OF THE ANNUAL BUDGET PROCESS. AS THE NEED ARISES, SURVEY DATA IS OBTAINED TO BENCHMARK OTHER POSITION SALARIES. WHEN MAJOR CHANGES ARE MADE, THIS INFORMATION IS BROUGHT TO THE FINANCE COMMITTEE OF THE BOARD. Form 990, Part VI, Section C, line 19 THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENT AVAILABLE TO THE PUBLIC TO THE EXTENT PROVIDED BY LAW. Form 990, Part XI, line 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 1,036,940. LOSS ON INVESTMENT IN SUBSIDIARY -82,333. PROVIDENCE ST MEL FOUNDATION 119 SOUTH CENTRAL PARK BLVD CHICAGO IL 60624 363846011 FINANCIAL AID IL 501(c)(3) Line 12a, I PROVIDENCE ST MEL SCHOOL 1 PSM DEVELOPMENT CORPORATION 119 SOUTH CENTRAL PARK BLVD CHICAGO IL 60624 363762965 SUPPORTING ORGANIZATION - INVESTMENTS IL 501(c)(3) Line 10 PROVIDENCE ST MEL SCHOOL 1 EAST GARFIELD PARK PLACE LP 119 S CENTRAL PARK BLVD CHICAGO IL 60624 364001676 LOW-INCOME HOUSING IL N/A EAST GARFIELD PARK PLACE INC 119 S CENTRAL PARK BLVD CHICAGO IL 60624 363998948 LOW INCOME HOUSING IL PROVIDENCE ST MEL SCHOOL C 1873 19059 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1