2017-05-15T16:25:19-05:00 2016-06-30 362938874 OSTROW REISIN BERK & ABRAMS LTD 455 N CITYFRONT PLAZA DR SUITE 1500 CHICAGO IL 60611 990 2015-07-01 455454261 INTRINSIC SCHOOLS INTR 7088872735 4540 W BELMONT CHICAGO IL 60641 MELISSA ZAIKOS CEO 7088872735 2017-05-12 1 JAMES G QUAID P00641738 3126707444 2017-05-12 2015 2021-01-29 14:40:06Z MELISSA ZAIKOS 4540 W BELMONT CHICAGO IL 60641 11668819 0 X INTRINSICSCHOOLS.ORG X 2012 IL THE MISSION OF INTRINSIC SCHOOLS IS TO CREATE A REVOLUTIONARY NEW SCHOOL MODEL IN ORDER TO 1) PREPARE ALL STUDENTS FOR POSTSECONDARY SUCCESS AND WORLD-CHANGING ENDEAVORS; AND 2) PROVIDE THE EDUCATION COMMUNITY WITH A ROADMAP TO SUSTAINABLE IMPLEMENTATION 6 6 99 5 0 0 6557611 11530030 90519 135268 73041 0 3300 3521 6724471 11668819 0 0 0 0 2979975 5206568 0 0 155234 3945465 5398514 6925440 10605082 -200969 1063737 22372738 26373147 20520397 23457069 1852341 2916078 X THE MISSION OF INTRINSIC SCHOOLS IS TO CREATE A REVOLUTIONARY NEW SCHOOL MODEL IN ORDER TO 1) PREPARE ALL STUDENTS FOR POSTSECONDARY SUCCESS AND WORLD-CHANGING ENDEAVORS; AND 2) PROVIDE THE EDUCATION COMMUNITY WITH A ROADMAP TO SUSTAINABLE IMPLEMENTATION 0 0 8659185 135268 THE SCHOOL IS A PUBLIC CHARTER SCHOOL THAT PROMISES TO INTEGRATE TECHNOLOGY INTO TEACHING AND LEARNING IN ORDER TO PERSONALIZE THE EXPERIENCE FOR EACH STUDENT. EACH STUDENT WILL HAVE AN INDIVIDUAL MOBILE DEVICE. IN ORDER TO PREPARE ALL THEIR STUDENTS FOR ACCEPTANCE INTO SELECTIVE FOUR-YEAR COLLEGES, THE SCHOOL WILL PROVIDE ALL STUDENTS WITH REAL WORLD EXPERIENCES. THE SCHOOL SERVED 435 STUDENTS AT THE SEVENTH, FRESHMAN, AND SOPHOMORE GRADE LEVELS FOR THE YEAR ENDED JUNE 30,2015. THE SCHOOL SERVED 827 STUDENTS AT THE SEVENTH THROUGH JUNIOR GRADE LEVELS FOR THE YEAR ENDED JUNE 30, 2016. THE SCHOOL WILL ADD ONE GRADE LEVEL PER YEAR UNTIL IT IS A FULL MIDDLE SCHOOL AND HIGH SCHOOL SERVING APPROXIMATELY 950 STUDENTS. 8659185 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 41 0 99 1 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 0 1 0 0 X MELISSA ZAIKOS 7088872735 4540 W BELMONT CHICAGO IL 60641 JIM FRANK CHAIR 5.00 X X 0 0 0 DAVID EPSTEIN TREASURER 5.00 X X 0 0 0 JUSTIN MANLY BOARD MEMBER 2.00 X 0 0 0 HARRIET MEYER BOARD MEMBER 2.00 X 0 0 0 JOSH TOLMAN BOARD MEMBER 2.00 X 0 0 0 JIM PALOS BOARD MEMBER 2.00 X 0 0 0 MELISSA ZAIKOS CEO 40.00 X 150000 0 8904 TIM LIGUE ASSISTANT PRINCIPAL 40.00 X 106250 0 9185 AMI GANDHI DIRECTOR OF PERSONALIZED LEARNING 40.00 X 101880 0 21362 358130 0 39451 3 0 1 0 CLUNE CONSTRUCTION 10 SOUTH RIVERSIDE PLAZA SUITE 2200 CHICAGO IL 60606 CONSTRUCTION 1100207 MDS ADVISORS CONSULTING GROUP LLC 155 EASTBOURNE ROAD NEWTON MA 02459 FINANCIAL 133693 2 10014157 1515873 11530030 STUDENT FEES 611110 135268 135268 135268 MISCELLANEOUS REVENUE 900099 3521 3521 3521 11668819 135268 0 3521 158904 79452 47671 31781 4247760 3860202 340798 46760 284640 271834 11390 1416 287544 257632 24954 4958 227720 182763 37748 7209 366247 366247 215217 215217 549464 253555 295748 161 69513 6011 63502 309821 275008 28644 6169 168125 151313 16812 403696 368907 28464 6325 30895 30084 811 1388647 1235896 124978 27773 1041722 927134 93755 20833 70408 62663 6337 1408 CPS ADMINISTRATIVE FEE 251075 251075 STUDENT COSTS 234122 234122 EDUCATION MATERIALS 103697 103697 MISCELLANEOUS 77887 77446 441 117978 107837 10141 10605082 8659185 1790663 155234 869539 1829853 863232 1336603 2356 21693054 1833238 20265497 19859816 372114 3346875 22372738 26373147 707450 479368 28505 22100 21626405 19659442 1100000 125000 125000 0 104196 20520397 23457069 X 1365341 2254469 487000 661609 1852341 2916078 22372738 26373147 1063737 0 X 0 1 X 1 0 X 730000 5081662 6557611 11530030 23899303 730000 5081662 6557611 11530030 23899303 884233 23015070 3300 3521 6821 23906124 257204 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2177785 2177785 17777025 1104132 16672893 967202 469380 497822 771042 259726 511316 19859816 DEPOSITS 1103758 EMPLOYEE ADVANCES 636 CASH - RESTRICTED BY BOND INDENTURE 1700962 BOND ISSUANCE COSTS 541519 3346875 INTEREST PAYABLE 104196 104196 X 11979479 310660 310660 11668819 0 11668819 10915742 310660 310660 10605082 0 10605082 PART X, LINE 2: THE SCHOOL IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. IN ADDITION, THE INTERNAL REVENUE SERVICE (IRS) HAS DETERMINED THAT THE SCHOOL IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. THE SCHOOL HAS ADOPTED THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS AND MANAGEMENT HAS DETERMINED THAT THE SCHOOL WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2016 AND 2015. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION PUBLICIZES THAT THEY ARE AN OPEN ENROLLMENT SCHOOL WHICH EXTENDS ADMISSION TO ANY AND ALL STUDENTS, RESIDING IN CHICAGO, FOR THE OFFERED GRADE LEVELS. THIS MESSAGE IS COMMUNICATED BY ATTENDING COMMUNITY EVENTS, DISTRIBUTING PRINTED MATERIALS, FULL DISCLOSURE ON THEIR WEBSITE, AND OPEN COMMUNICATION WITH LOCAL GOVERNMENT OFFICIALS. SCHEDULE E, PART I, LINE 4 INTRINSIC SCHOOLS IS A PUBLIC CHARTER SCHOOL WITH NO TUITION, THEREFORE NO SCHOLARSHIPS OR OTHER FINANCIAL ASSISTANCE IS AWARDED. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED FEDERAL AND STATE GOVERNMENTAL FUNDS PASSED THROUGH CHICAGO PUBLIC SCHOOLS TO ASSIST IN THE SCHOOL'S EFFORT TO PROVIDE AN EDUCATION, OPEN TO THE PUBLIC, AND AVAILABLE TO ANY CITY OF CHICAGO STUDENT. X X X 0 0 0 0 0 0 0 0 0 MELISSA ZAIKOS CEO 150000 0 0 0 0 0 4500 0 4404 0 158904 0 0 0 A ILLINOIS FINANCE AUTHORITY 861091967 45022AH91 2015-12-18 21480729 IFA SERIES 2015 - REFINANCE COSTS FOR SCHOOL 0 0 0 A 21480729 1534842 429614 1422 19514851 2014 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 SCHEDULE K, PART II, LINE 14: THE 2015 BOND ISSUANCE WAS USED TO REFINANCE PRIOR ISSUES USED TO ACQUIRE, RENOVATE AND CONSTRUCT A CHARTER SCHOOL. CHARTER SCHOOL FINANCING LLC 100 % OWNED BY JIM FRANK, BOARD CHAIR DEPOSIT TOWARDS PURCHASE AND RENOVATION OF SECOND FACILITY SITE X 1100000 1100000 0 1 1 1100000 FORM 990, PART VI, SECTION A, LINE 8B THE ENTITY'S BYLAWS ALLOW THE BOARD POWER TO APPOINT A COMMITTEE WITH CORPORATE AUTHORITY. THIS COMMITTEE HAS NOT YET BEEN APPOINTED AS OF THE FISCAL YEAR END. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS PREPARED BY THE ORGANIZATION'S CPA FIRM, IS REVIEWED BY MANAGEMENT, AND IS DISTRIBUTED TO THE BOARD OF DIRECTORS FOR REVIEW AND FEEDBACK. A FINAL COPY OF FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C PER ADDENDUM B ARTICLE VIII OF THE ORGANIZATION'S BYLAWS, THE EXECUTIVE COMMITTEE CONDUCTS PERIODIC REVIEWS TO ENSURE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. THIS REVIEW COVERS ALL ARTICLES OF THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE SALARY FOR THE CEO AND ALL KEY PERSONNEL IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 INTRINSIC SCHOOLS IS SUBJECT TO THE OPEN MEETINGS ACT AND THE FREEDOM OF INFORMATION ACT. ALL DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST IN ADDITION TO PROVIDING CHICAGO PUBLIC SCHOOLS WITH THESE DOCUMENTS.