2017-02-07T13:04:47-06:00 2016-06-30 420714325 RSM US LLP 1 S WACKER DRIVE STE 800 CHICAGO IL 60606 990 2015-07-01 204069346 Catalyst Schools CATA 7738900233 6727 S California Ave Chicago IL 60629 Gordon Hannon CEO 7738900233 2017-02-02 1 Wayne Harder P00294296 3126343400 2015 2021-01-29 14:40:06Z Gordon Hannon 6727 S California Ave Chicago IL 60629 20342571 0 X www.catalystschools.org X 2005 IL Catalyst Schools operate tuition free public grade schools committed to providing quality education for students and families in low income communities of Chicago. 15 15 485 25 0 0 1858154 756839 21742801 19485771 1244 -126096 93084 62818 23695283 20179332 0 0 0 0 16165495 13633620 0 0 41499 7242945 5663505 23408440 19297125 286843 882207 14906345 15152329 8421091 7784868 6485254 7367461 Catalyst Schools operate tuition free public grade schools committed to providing quality education for students and families in low income communities of Chicago. 0 0 18028028 19485771 Catalyst Schools provide a quality, public education for Kindergarten-12th Grade to low-income, at-risk children in Chicago. Catalyst Schools are guided by a mission where scholars are holistically educated by a school community committed to "Teaching minds and touching hearts." We nurture well-rounded scholars with bright academic, professional, and personal futures that will become change agents for their communities and world. 18028028 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 24 0 1 485 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Gordon Hannon 7738905815 6727 S California Ave Chicago IL 60629 Dr Colleen Reardon Chairman 1.00 X X 0 0 0 Mark Parker Vice Chair 1.00 X X 0 0 0 Steven Brown Treasurer 1.00 X X 0 0 0 Amy Soudan Secretary 1.00 X X 0 0 0 Andrew Jones Director 1.00 X 0 0 0 Beth Sandon Director 1.00 X 0 0 0 Catherine Rich Director 1.00 X 0 0 0 Terrence Toth Director 1.00 X 0 0 0 Greg Mooney Director 1.00 X 0 0 0 James Mendelson Director 1.00 X 0 0 0 Larry Williams Director 1.00 X 0 0 0 Michael Kelly Director 1.00 X 0 0 0 Rachel Mantz Director (until 12/1/15) 1.00 X 0 0 0 Rick Hurd Director 1.00 X 0 0 0 Steven D'Souza Director 1.00 X 0 0 0 Susan Wallace Director 1.00 X 0 0 0 Gordon Hannon CEO 40.00 X 162428 0 18569 Michele Nunez Director of Finance and Compliance 40.00 X 70356 0 7879 Dawn Sandoval High School Principal 40.00 X 126261 0 13194 Edmund Siderewicz Director of Mission & External Relations 40.00 X 107872 0 16848 LeAnne Wagner Director of Instructional Technology 40.00 X 102502 0 9679 569419 0 66169 4 0 1 0 0 37056 165546 554237 756839 Government Fees for Services 900099 18935711 18935711 Student Fees 900099 550060 550060 19485771 126096 -126096 -126096 -126096 6775 37056 37143 -30368 -30368 93186 93186 93186 20179332 19485771 0 -63278 232784 221440 10635 709 11330414 10778277 517649 34488 473073 450020 21613 1440 1255319 1194147 57351 3821 342030 325363 15626 1041 134167 134167 429674 148557 281117 11532 11532 411126 384785 26341 851319 808230 43089 1132098 1102131 29967 173844 173844 847483 842571 4912 93340 93340 Education Admin. 686490 670639 15851 Professional Developmen 381380 351030 30350 Extra Curriculars 361067 361067 Student Services 89508 89442 66 60477 33145 27332 19297125 18028028 1227598 41499 2375462 3067142 4684 4534 1146254 1138455 166532 119198 16437914 5614914 11213413 10823000 14906345 15152329 1836091 1290108 0 29760 6585000 6465000 8421091 7784868 X 6350134 7367461 135120 0 6485254 7367461 14906345 15152329 882207 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1875000 1875000 8570108 794082 7776026 1227818 475110 752708 4764988 4345722 419266 10823000 X 20522571 180000 180000 20342571 -163239 -163239 20179332 19640364 180000 163239 343239 19297125 0 19297125 Part X, Line 2: Catalyst is organized exclusively for charitable, educational and religious purposes and is exempt from federal taxation under Section 501(c)(3) of the Internal Revenue Code. Net unrelated business income for the years ended June 30, 2016 and 2015, was not significant. On August 1, 2009, Catalyst adopted the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, Catalyst 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 Catalyst and various positions related to the potential sources of unrelated business taxable income (UBIT). The tax benefits recognized in the financial statements 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 guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. Catalyst files Forms 990 in the U.S. federal jurisdiction and the state of Illinois. With few exceptions, Catalyst is no longer subject to examination by the Internal Revenue Service for years before 2013. Part XI, Line 4b - Other Adjustments: Loss on Disposal of Assets -126,096. Fundraising Event Expenses -37,143. Part XII, Line 2d - Other Adjustments: Loss on Disposal of Assets 126,096. Fundraising Event Expenses 37,143. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 At the Catalyst Schools, we believe every child possesses inherent value and potential regardless of background, educational level, or life circumstances. Schedule E, Part I, Line 6 The Organization receives assistance from local, state and federal government. Education Celebration 43831 37056 6775 2725 13838 20580 43831 37056 6775 2725 13838 20580 37143 -30368 X X 0 0 0 0 0 0 0 1 0 Gordon Hannon CEO 152028 0 10400 0 0 0 10003 0 8566 0 180997 0 0 0 Part I, Line 7 Catalyst Schools paid a discretionary bonus during 2015 to Gordon Hannon, CEO that was subject to approval of management. Bonus is reported on Part II, column (B)(ii). Form 990, Part VI, Section B, line 11 Form 990 is reviewed by the Treasurer and all members of the Board prior to filing. Form 990, Part VI, Section B, line 12c The Catalyst Board Manual and Catalyst Employee Handbook addresses the Board members/employees responsibilities to raise any possible conflict of interest. The Catalyst Code of Ethics, Conflict of Interest, and Whistleblower policies are acknowledged annually by employees and Board members. Form 990, Part VI, Section B, line 15 The compensation of officers and key employees is reviewed by the Board annually. The compensation for all other employees is reviewed by officers. Comparibility data is reviewed for all employees. Minutes are kept documenting the discussions setting officer compensation. All compensation is ultimately reviewed by the Board as part of the annual budget process. Form 990, Part VI, Section C, line 19 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).