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ROCKFORD CHARTER SCHOOL ORGANIZATION: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
ROCKFORD CHARTER SCHOOL ORGANIZATION (EIN 27-2027921)
Tax period
2014-07-01 to 2015-06-30
Filed
2016-02-15
IRS object ID
201620479349301037
Schema version
2014v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-02-15T00:00:00-06:00ReturnTs
Tax Period End2015-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN362938874PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1OSTROW REISIN BERK & ABRAMS LTDBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1455 N CITYFRONT PLAZA DR SUITE 1500AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60611ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2014-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN272027921EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CICS ROCKFORD CHARTER SCHOOL ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCICSBusinessNameControlTxt
Phone8153160093PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1315 SUMMIT STREETAddressLine1Txt
CityROCKFORDCityNm
State AbbreviationILStateAbbreviationCd
ZIP61107ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMIKE BOWERPersonNm
Person TitleBOARD PRESIDENTPersonTitleTxt
Phone8153160093PhoneNum
Signature2016-02-12SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJAMES G QUAIDPreparerPersonNm
PTINP00641738PTIN
Phone3126707444PhoneNum
Preparation2016-02-12PreparationDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-08-17 19:52:53ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMIKE BOWERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1315 SUMMIT STREETAddressLine1Txt
CityROCKFORDCityNm
State AbbreviationILStateAbbreviationCd
ZIP61107ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$4,972,620GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressNONEWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2009FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionTO OPERATE CHARTER SCHOOLS IN ROCKFORD, ILLINOIS.ActivityOrMissionDesc
Voting Members Governing Body4VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers4TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$4,723,465PYContributionsGrantsAmt
CY Contributions Grants$4,711,470CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$213,998PYOtherRevenueAmt
CY Other Revenue$261,150CYOtherRevenueAmt
PY Total Revenue$4,937,463PYTotalRevenueAmt
CY Total Revenue$4,972,620CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$4,759,294PYOtherExpensesAmt
CY Other Expenses$4,932,488CYOtherExpensesAmt
PY Total Expenses$4,759,294PYTotalExpensesAmt
CY Total Expenses$4,932,488CYTotalExpensesAmt
PY Revenues Less Expenses$178,169PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$40,132CYRevenuesLessExpensesAmt
Total Assets BOY$3,291,911TotalAssetsBOYAmt
Total Assets EOY$3,124,896TotalAssetsEOYAmt
Total Liabilities BOY$3,209,070TotalLiabilitiesBOYAmt
Total Liabilities EOY$3,001,923TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$82,841NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$122,973NetAssetsOrFundBalancesEOYAmt
MissionTO PROVIDE, THROUGH INNOVATION AND CHOICE, AN ATTRACTIVE AND RIGOROUS COLLEGE-PREPARATORY EDUCATION THAT MEETS THE NEEDS OF TODAY'S STUDENTS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$4,755,256ExpenseAmt
DescPROVIDE EDUCATIONAL AND COMMUNITY OPPORTUNITIES FOR YOUTHS IN PRE-KINDERGARTEN THROUGH GRADE TWELVE. DURING THE YEAR ENDED JUNE 30, 2015, THE ORGANIZATION SERVED 448 STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE AT THE CICS JACKSON CAMPUS.Desc
Total Program Service Expenses$4,755,256TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document4IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members4GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MIKE BOWERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3126515008PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line111 EAST ADAMS SUITE 600AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60603ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
NATHAN BRYANT
CHAIR2.00Yes (X)Yes (X)$0$0$0
MIKE BOWER
PRESIDENT2.00Yes (X)Yes (X)$0$0$0
SCOTT ANDERSON
TREASURER2.00Yes (X)Yes (X)$0$0$0
ELIZABETH PURVIS
SECRETARY-TERM2.00Yes (X)Yes (X)$0$0$0
GERALD JENKINS
SECRETARY2.00Yes (X)Yes (X)$0$0$0
JOHN MECKLENBURG-TERM
PRESIDENT-TERM2.00Yes (X)Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CHICAGO CHARTER SCHOOL FOUNDATIONBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line111 EAST ADAMS STE 600AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60603ZIPCd
FieldValueIRS element (for citing)
ServicesMANAGEMENTServicesDesc
Compensation$129,826CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
Government Grants$4,711,470GovernmentGrantsAmt
Total Contributions$4,711,470TotalContributionsAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$261,150RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$261,150RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$261,150TotalRevenueColumnAmt
Exclusion$261,150ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,972,620TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$261,150ExclusionAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$137,829TotalAmt
Management And General$137,829ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$27,874TotalAmt
Management And General$27,874ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$11,529TotalAmt
Management And General$11,529ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$347,961TotalAmt
Program Services$347,961ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$122,912TotalAmt
Program Services$122,912ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$139,991TotalAmt
Program Services$139,991ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$46,332TotalAmt
Program Services$46,332ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
CAMPUSES - OPERATING/MA$3,477,483$3,477,483
CAMPUSES - PROGRAM FUND$445,265$445,265
TRANSFER OF NET ASSET B$150,000$150,000
CAMPUSES - FEDERAL FUND$25,312$25,312

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$4,932,488TotalAmt
Program Services$4,755,256ProgramServicesAmt
Management And General$177,232ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$654,291BOYAmt
EOY$492,759EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$276,499BOYAmt
EOY$403,215EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$7,792EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$2,514,479LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$294,634LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$2,359,836BOYAmt
EOY$2,219,845EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,285BOYAmt
EOY$1,285EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,291,911BOYAmt
EOY$3,124,896EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$650,063BOYAmt
EOY$253,237EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$2,375,000BOYAmt
EOY$2,286,252EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$184,007BOYAmt
EOY$462,434EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,209,070BOYAmt
EOY$3,001,923EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$82,841BOYAmt
EOY$122,973EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$82,841BOYAmt
EOY$122,973EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,291,911BOYAmt
EOY$3,124,896EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$40,132ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,598,671CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,824,807CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,371,402CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,723,465CurrentTaxYearMinus1YearAmt
Current Tax Year$4,711,470CurrentTaxYearAmt
Total$18,229,815TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,598,671CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,824,807CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,371,402CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,723,465CurrentTaxYearMinus1YearAmt
Current Tax Year$4,711,470CurrentTaxYearAmt
Total$18,229,815TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$18,229,815PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$213,998CurrentTaxYearMinus1YearAmt
Current Tax Year$261,150CurrentTaxYearAmt
Total$475,148TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$213,998CurrentTaxYearMinus1YearAmt
Current Tax Year$261,150CurrentTaxYearAmt
Total$475,148TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,598,671CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,824,807CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,371,402CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,937,463CurrentTaxYearMinus1YearAmt
Current Tax Year$4,972,620CurrentTaxYearAmt
Total$18,704,963TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.97460PublicSupportCY509Pct
Investment Income CY0.02540InvestmentIncomeCYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$29,000OtherCostOrOtherBasisAmt
Book Value$29,000BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,357,573OtherCostOrOtherBasisAmt
Depreciation$237,759DepreciationAmt
Book Value$2,119,814BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$127,906OtherCostOrOtherBasisAmt
Depreciation$56,875DepreciationAmt
Book Value$71,031BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$2,219,845TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
DEFERRED RENT$132,874
AMOUNTS DUE TO CAMPUS$329,560
FieldValueIRS element (for citing)
Total Liability$462,434TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION 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 HAS DETERMINED THAT THE ORGANIZATION IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) 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, 2015 AND 2014.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2MIKE BOWER, BOARD PRESIDENT, SERVES AS THE INTERIM CEO OF CHICAGO CHARTER SCHOOL FOUNDATION (D/B/A CHICAGO INTERNATIONAL CHARTER SCHOOL). GERALD JENKINS, BOARD SECRETARY, SERVES AS A DIRECTOR OF CHICAGO CHARTER SCHOOL FOUNDATION.
FORM 990, PART VI, SECTION A, LINE 3THE ORGANIZATION DELEGATES THE MANAGEMENT DUTIES TO CHICAGO CHARTER SCHOOL FOUNDATION (D/B/A CHICAGO INTERNATIONAL CHARTER SCHOOL OR "CICS"). THE ORGANIZATION HAS A SERVICE AGREEMENT WITH CICS IN ORDER TO OVERSEE MANAGEMENT OF THE EDUCATIONAL MANAGEMENT ORGANIZATION AND TO MANAGE THE ORGANIZATION'S FINANCES, GENERAL COMPLIANCE, AND CONTRACTUAL RELATIONSHIP WITH THE LANDLORD, WITH THE ROCKFORD SCHOOL DISTRICT, AND WITH THE SMO. THE SERVICE FEE IS EQUAL TO 3.25% OF PER PUPIL FUNDS AND TOTALED $137,829 FOR THE YEAR ENDED JUNE 30, 2015.
FORM 990, PART VI, SECTION A, LINE 8BTHE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11MANAGEMENT ASSISTS IN PREPARING AND THEN REVIEWS A DRAFT OF FORM 990 THAT IS INITIALLY PREPARED BY THE ORGANIZATION'S CPA FIRM. A FINAL COPY OF FORM 990 IS PROVIDED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CMANAGEMENT OR BOARD MEMBERS BRING ANY POTENTIAL CONFLICTS OF INTEREST TO THE ATTENTION OF THE BOARD FOR REVIEW AND DISCUSSION. CICS, ON BEHALF OF THE ORGANIZATION, ACTIVELY MONITORS COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND REQUESTS EACH BOARD MEMBER TO SIGN A DISCLOSURE STATEMENT ANNUALLY.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION FURNISHES ITS ANNUAL AUDITED FINANCIAL STATEMENTS UPON REQUEST.

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