2015-05-04T09:23:15-05:00 2014-06-30 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2013-07-01 362258525 THE LATIN SCHOOL OF CHICAGO LATI 3125826104 59 W NORTH BLVD CHICAGO IL 60610 TOMY P ALEXANDER CFO 3125826104 2015-04-22 1 LU ANN TRAPP P01506476 3122071040 2015-04-22 2013 2016-03-07 17:11:31Z TOMY P ALEXANDER 59 W NORTH BLVD CHICAGO IL 60610 49128256 0 X WWW.LATINSCHOOL.ORG X 1954 IL AN INDEPENDENT CO-ED JUNIOR KINDERGARTEN-12TH GRADE DAY SCHOOL. 32 32 609 450 228 0 12197826 11472099 33599884 35279642 1017015 982543 450634 511001 47265359 48245285 3273696 3461129 0 0 24977913 26452942 0 0 1781405 9894759 10802195 38146368 40716266 9118991 7529019 101813134 114825616 31468840 32835784 70344294 81989832 X IT IS THE SCHOOL'S MISSION TO PROVIDE ITS STUDENTS WITH A RIGOROUS AND INNOVATIVE EDUCATIONAL PROGRAM THAT EMBRACES DIVERSITY OF PEOPLE, CULTURES AND IDEAS. LATIN INSPIRES ITS STUDENTS TO LEAD LIVES OF PURPOSE AND EXCELLENCE. 0 0 31850608 3461129 32089498 INSTRUCTION AND STUDENT SUPPORT ACTIVITIES-FOUNDED IN 1888, THE LATIN SCHOOL OF CHICAGO IS AN INDEPENDENT COEDUCATIONAL DAY SCHOOL FOR GRADES JUNIOR KINDERGARTEN-12. THE STUDENTS: A DIVERSE COMMUNITY OF 1,124 STUDENTS IN JUNIOR KINDERGARTEN-12 FROM CHICAGO AND THE SURROUNDING SUBURBS.THE FACULTY: CARING, EXPERIENCED PROFESSIONALS, OVER 80% OF WHOM HAVE EARNED A MASTER'S DEGREE OR HIGHER. THE STUDENT FACULTY RATIO IS 8:1.ACADEMICS: LATIN OFFERS A RIGOROUS COLLEGE PREPARATORY CURRICULUM THAT ENCOURAGES INDEPENDENCE, CREATIVITY AND CURIOUSITY WITH AN EMPHASIS ON INTERDISCIPLINARY LEARNING.FINANCIAL AID: THE SCHOOL ASSISTS STUDENTS WHO OTHERWISE MAY NOT BE FINANCIALLY ABLE TO ATTEND SCHOOL. APPROXIMATELY 13.7% OF THE STUDENT BODY RECEIVES FINANCIAL AID. 1811907 1952726 SUMMER AND STUDENT SUPPORT SERVICES: THESE PROGRAMS INCLUDE SUMMER AT LATIN AND THE EXTENDED DAY PROGRAM. SUMMER AT LATIN PROVIDES A HIGH QUALITY EDUCATIONAL AND RECREATIONAL OPPORTUNITY FOR CHILDREN OF ALL AGES. THE SUMMER STAFF IS COMMITTED TO OFFERING A SAFE, NURTURING COMMUNITY THAT ALIGNS WITH THE VALUES OF THE SCHOOL WHERE PURSUIT OF KNOWLEDGE COMPLEMENTS INDIVIDUAL GROWTH. THE EXTENDED DAY PROGRAM SUPPORTS LATIN FAMILIES BY OFFERING A SAFEFUN PROGRAM BEFORE AND AFTER THE SCHOOL DAY FOR STUDENTS ENROLLED IN JUNIOR KINDERGARTEN THROUGH 4TH GRADE. THE PROGRAM PROVIDES A BALANCE OF ORGANIZED ACTIVITY AND FREE TIME. 33662515 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 0 1 1 0 1 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 82 0 1 609 0 0 0 0 0 0 1 1 0 0 0 0 X 32 32 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X TOMY P ALEXANDER 3125826102 59 W NORTH BLVD CHICAGO IL 606101492 VINCENT COZZI CHAIRMAN 10.00 X X 0 0 0 PHIL A CANFIELD SECRETARY 10.00 X X 0 0 0 GEORGY ANN PELUCHIWSKI TREASURER 10.00 X X 0 0 0 DIANA AIXALA TRUSTEE 2.00 X 0 0 0 MICHAEL J BERLAND TRUSTEE 2.00 X 0 0 0 MEREDITH BLUHM-WOLF TRUSTEE 2.00 X 0 0 0 JACOLYN BUCKSBAUM TRUSTEE 2.00 X 0 0 0 SONIA CHAE TRUSTEE 2.00 X 0 0 0 WILLIAM CONWAY TRUSTEE 2.00 X 0 0 0 RITU DHINGRA TRUSTEE 2.00 X 0 0 0 JACQUELINE FERRO TRUSTEE 2.00 X 0 0 0 SUZANNE GIGNILLIAT TRUSTEE 2.00 X 0 0 0 LEE GOLUB TRUSTEE 2.00 X 0 0 0 SABRINA GRACIAS TRUSTEE 2.00 X 0 0 0 JOYCE GREENBLATT TRUSTEE 2.00 X 0 0 0 TIMOTHY HURD TRUSTEE 2.00 X 0 0 0 GARY T JOHNSON TRUSTEE 2.00 X 0 0 0 PRISCILLA L KERSTEN TRUSTEE 2.00 X 0 0 0 DAVID J KOO TRUSTEE 2.00 X 0 0 0 ARTHUR S MARGULIS TRUSTEE 2.00 X 0 0 0 CAMERON MCKINNEY TRUSTEE 2.00 X 0 0 0 ANNMARIE NEUMEIER TRUSTEE 2.00 X 0 0 0 MICHELLE PAREKH TRUSTEE 2.00 X 0 0 0 DIANA M RAUNER TRUSTEE 2.00 X 0 0 0 PETER C ROBERTS TRUSTEE 2.00 X 0 0 0 ANN GARDNER ROCKEY TRUSTEE 2.00 X 0 0 0 CAROLINE P ROGERS TRUSTEE 2.00 X 0 0 0 RONALD SEYMORE TRUSTEE 2.00 X 0 0 0 LARA SHIPP SHIFFMAN TRUSTEE 2.00 X 0 0 0 JOHN SUPERA TRUSTEE 2.00 X 0 0 0 DIANE R THOMAS TRUSTEE 2.00 X 0 0 0 MARY E TYREE TRUSTEE 2.00 X 0 0 0 RANDALL DUNN HEAD OF SCHOOL 50.00 X 414946 0 111574 TOMY ALEXANDER CFO 50.00 X 247053 0 56441 SHELLEY GREENWOOD ASSISTANT HEAD OF SCHOOL 50.00 X 198733 0 89836 TED GRAF US DIRECTOR 50.00 X 136155 0 68715 DEBRA SAMPEY MS DIRECTOR 50.00 X 137166 0 105833 ELIZABETH PLESHETTE DIRECTOR OF COLLEGE COUNSELING 50.00 X 131143 0 90050 INGRID DORER FITZPATRICK DIRECTOR OF ACADEMIC STUDIES 50.00 X 121834 0 45714 SUSAN HEGLIN DIRECTOR OF FINANCE 50.00 X 128536 0 18306 1515566 0 586469 20 0 1 0 QUEST FOOD MANAGEMENT 2500 S HIGHLAND LOMBARD IL 60148 FOOD SERVICE 2208420 NAGLE HARTRAY ARCHITECTURE 30 W MONROE SUITE 700 CHICAGO IL 60603 ARCHITECTURE 334110 AGENCY EA 311 W WALTON STREET CHICAGO IL 60610 ADVERTISING 216942 URBAN ELEVATOR SERVICES 4830 W 16TH STREET CHICAGO IL 60804 REPAIRS 206387 LAKEVIEW BUS LINES 2400 MAYWOOD DRIVE BELLWOOD IL 60104 TRANSPORTATION 110153 5 877482 10594617 1255311 11472099 TUITION AND FEES 900099 32089498 32089498 LUNCH ROOM 611710 1237054 1237054 SUMMER PROGRAMS 900099 1106016 1106016 AFTER SCHOOL PROGRAMS 900099 451747 451747 ATHLETIC CLUBS 900099 180060 180060 215267 120822 94445 35279642 532062 228 531834 1078865 628384 450481 450481 450481 440400 877482 102491 337909 337909 124810 40675 84135 84135 94081 111421 -17340 -17340 MISC. REVENUE 900099 106297 106297 106297 48245285 33948143 228 2824815 326770 326770 3134359 3134359 1152277 1034046 118231 18316123 16684725 1079914 551484 1069034 818965 213773 36296 4502942 3699069 620715 183158 1412566 1062521 299238 50807 109606 109606 74375 74375 16250 16250 407070 103926 228687 74457 158916 25415 109135 24366 464978 103000 300988 60990 474581 226613 238289 9679 1081553 973488 108065 192644 158155 17892 16597 308829 308399 430 735279 661751 73528 2633209 2369888 263321 225553 225553 STUDENT LIFE PROGRAMS 1551857 1551857 INSTRUCTION AND ACADEMI 1089638 1089638 INSTITUTIONAL SUPPORT 612737 31854 580883 SUMMER PROGRAMS 260050 260050 405070 103926 226687 74457 40716266 33662515 5272346 1781405 2985066 2591160 1571027 5942769 6467394 8327505 146535 202803 48762 50219 1400115 1495232 72613955 22281378 50992048 50332577 18808875 19993820 18544309 18701143 849003 7188388 101813134 114825616 3807291 4572853 3939862 5458190 20500000 19625000 3221687 3179741 31468840 32835784 X 43786428 45348169 5074505 10257740 21483361 26383923 70344294 81989832 101813134 114825616 7529019 4116519 0 X 0 1 X 1 0 X 3232066 6655655 4273095 12197826 11472099 37830741 3232066 6655655 4273095 12197826 11472099 37830741 6404436 31426305 570908 642502 734887 627683 532062 3108042 106297 106297 41045080 164790430 0.76570 0.76000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33255268 4801750 4673973 596963 471322 105599 41557107 23566750 7860568 3019534 504582 374485 312517 33255268 23167878 1700725 -404036 182753 564306 150758 23566750 14561160 6268716 3008173 182703 474968 12500 23167878 13713399 64753 1528954 216224 517024 12698 14561160 0.26000 0.64000 0.10000 0 0 9402665 9402665 46321620 16283063 30038557 8889097 3373271 5515826 7256061 2625044 4631017 744512 744512 50332577 PRIVATE EQUITY-COMMON FUND 289994 F LARGE CAP EQUITY FUND 9529755 F INTERNATIONAL EQUITY FUND 2128239 F REAL ASSET FUND 1183800 F HEDGE FUNDS 2598294 F ABSOLUTE RETURN FUND 2971061 F 18701143 DUE FROM AFFILIATE 282478 BOND ISSUE COSTS 246574 DEFERRED COMP PLAN ASSETS 696465 RECEIVABLE FROM INVESTMENT LIQUIDATION 5962871 7188388 POSTRETIREMENT HEALTH BENEFITS 677853 FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 1805423 DEFERRED COMPENSATION 696465 3179741 X 50113507 4116519 1414799 5531318 44582189 3663096 3663096 48245285 38576444 1523274 1523274 37053170 3663096 3663096 40716266 PART V, LINE 4: THE SCHOOL'S ENDOWMENT FUND IS USED TO SUPPORT OPERATIONS, FINANCIAL AID, AND PROFESSIONAL AND CURRICULUM DEVELOPMENT. PART X, LINE 2: THE SCHOOL AND HIGH JUMP HAVE RECEIVED DETERMINATION LETTERS FROM THE INTERNAL REVENUE SERVICE INDICATING THAT THEY ARE EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3), EXCEPT FOR TAXES PERTAINING TO UNRELATED BUSINESS INCOME. NO PROVISION FOR INCOME TAXES WAS REQUIRED IN 2014 OR 2013. THE SCHOOL'S APPLICATION OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICAN REGARDING UNCERTAIN TAX PROVISIONS HAD NO EFFECT ON ITS FINANCIAL POSITION AS MANAGEMENT BELIEVES THE SCHOOL HAS NO MATERIAL UNRECOGNIZED INCOME TAX LIABILITIES,INCLUDING ANY POTENTIAL RISK OF LOSS OF ITS TAX-EXEMPT STATUS. THE SCHOOL WOULD ACCOUNT FOR ANY POTENTIAL INTEREST OR PENALTIES RELATED TO POSSIBLE FUTURE LIABILITIES FOR UNRECOGNIZED INCOME TAX LIABILITIES AS INCOME TAX EXPENSE. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF RELATED ORG - INCLUDED ON CONSOLIDATED F/S 1,303,378. COGS - NETTED AGAINST REVENUE 111,421. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST TUITION AND FEES ON AUDIT 3,134,359. SWAP INTEREST EXPENSE NETTED AGAINST INVESTMENT INCOME 528,737. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF RELATED ORG - INCLUDED ON CONSOLIDATED F/S 1,411,853. COGS - NETTED AGAINST REVENUE 111,421. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST TUITION AND FEES ON AUDIT 3,134,359. SWAP INTEREST EXPENSE NETTED AGAINST INVESTMENT INCOME 528,737. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL GIVES NOTICE OF ITS RACIAL AND OTHER NON-DISCRIMINATION POLICIES ON ITS WEBSITE AND A MAJORITY OF ITS PUBLICATIONS USED TO MARKET THE SCHOOL AND ITS PROGRAMS. CENTRAL AMERICA & THE CARRIBBEAN 0 0 INVESTMENT 1568121 EUROPE 0 0 INVESTMENT 1402940 0 0 0 0 0 0 2971061 0 2971061 1 0 1 0 0 0 PART I LINE 3 COL (F) HEDGE FUND MANAGERS FOR THE SCHOOL'S ENDOWMENT FUND. SCHOLARSHIP DINNER 1309282 869482 439800 98170 AUCTION 8600 8000 600 4321 1317882 877482 440400 102491 102491 337909 124810 40675 1 1.00000 124810 40675 40675 84135 IL 1 0 1 0 1.00000 TOMY ALEXANDER 59 W NORTH AVENUE CHICAGO IL 60610 0 CAROLINE KENERSON 4125 OVERSAW COLLECTION OF PROCEEDS AND DISTRIBUTION OF THE PRIZES. X 0 1 HIGH JUMP INC 59 W NORTH BLVD CHICAGO IL 60610 364470186 501(C)(3) 326770 FMV USE OF FACILITIES GENERAL SUPPORT 1 SCHOLARSHIPS 154 3134359 FMV REDUCED TUITION PAYMENTS PART I LINE 2: THE SCHOOL USES AN OUTSIDE THIRD PARTY, FAST TUITION MANAGEMENT, TO COMPILE FINANCIAL AID APPLICANT PERSONAL INFORMATION AND TAX INFORMATION. FAST COMPUTES A FINANCIAL AID RECOMMENDATION. THE SCHOOL'S DIRECTOR OF FINANCIAL AID AND THE FINANCIAL AID COMMITTEE USE THE FAST RECOMMENDATION AS BASELINE TO DETERMINE AID. ALL APPLICANTS ARE REQUIRED TO APPLY ANNUALLY FOR AID. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 RANDALL DUNN HEAD OF SCHOOL 334340 0 0 0 80606 0 32800 0 78774 0 526520 0 0 0 TOMY ALEXANDER CFO 246489 0 0 0 564 0 32763 0 23678 0 303494 0 0 0 SHELLEY GREENWOOD ASSISTANT HEAD OF SCHOOL 197920 0 0 0 813 0 36175 0 53661 0 288569 0 0 0 TED GRAF US DIRECTOR 135904 0 0 0 251 0 9867 0 58848 0 204870 0 0 0 DEBRA SAMPEY MS DIRECTOR 136923 0 0 0 243 0 13803 0 92030 0 242999 0 0 0 ELIZABETH PLESHETTE DIRECTOR OF COLLEGE COUNSELING 130983 0 0 0 160 0 9036 0 81014 0 221193 0 0 0 INGRID DORER FITZPATRICK DIRECTOR OF ACADEMIC STUDIES 121235 0 0 0 599 0 12565 0 33149 0 167548 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL RECEIVED AN ANNUAL HOUSING ALLOWANCE OF $80,000 PER THE TERMS OF HIS EMPLOYMENT CONTRACT. THIS ALLOWANCE IS REPORTED AS TAXABLE COMPENSATION. A ILLINOIS FINANCE AUTHORITY 861091967 45200BVD9 2005-12-28 17375000 ADVANCE REFUND 1998 BONDS 0 0 0 B ILLINOIS FINANCE AUTHORITY 861091967 45200BVC7 2005-12-28 16125000 MIDDLE SCHOOL CONSTRUCTION 0 0 0 A 4610000 17375000 17182056 192944 2007 0 1 1 1 B 9265000 16125000 173848 15951153 2007 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 1 1 JPMORGAN CHASE 14.500000000000 0 0 0 1 1 B 0 0 0 0 1 1 JPMORGAN CHASE 14.500000000000 0 0 0 0 1 A 0 B 0 SCHEDULE K, PART IV, LINE 4C BOND A: SERIES 2005 A HEDGE: THREE SWAPS AS FOLLOWS: 20 YEAR SWAP ENTERED INTO DECEMBER 28, 2005, EXPIRING JANUARY 1, 2026. 17 YEAR SWAP ENTERED INTO MAY 2008, EXPIRING JANUARY 1, 2026. THIRD SWAP ENTERED INTO DECEMBER 28, 2005, EXPIRED AUGUST 1, 2008 CONCURENT WITH FULL REPAYMENT OF SERIES 1998 BONDS BY THE BOND ESCROW TRUSTEE. BOND B: SERIES 2005B HEDGE: TWO SWAPS AS FOLLOWS: 20 YEAR SWAP ENTERED INTO DECEMBER 28, 2005, EXPIRING JANUARY 1, 2026. 17 YEAR SWAP ENTERED INTO MAY 2008, EXPIRING JANUARY 1, 2026. X 57 1255311 AVG.HIGH/LOW AT SALE DAT 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS ARE ONE PARENT OR GUARDIAN PER FAMILY ENROLLED IN THE SCHOOL. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS PREPARED BY PLANTE & MORAN, PLLC. ANY QUESTIONS AND COMMENTS THAT ARISE DURING THE PREPARATION PROCESS ARE DISCUSSED WITH THE CONTROLLER. A MEETING IS SCHEDULED FOR DESIGNATED INDIVIDUALS FROM THE FINANCE COMMITTEE, THE TAX ADVISOR, AND SCHOOL MANAGEMENT TO REVIEW AND DISCUSS THE FORM 990. A COPY OF THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, KEY EMPLOYEES, AND TRUSTEES ARE REQUIRED TO FILL OUT AND FILE WITH THE SCHOOL A CONFLICT OF INTEREST STATEMENT ON AN ANNUAL BASIS. SENIOR MANAGEMENT REVIEWS THESE STATEMENTS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL HAS A COMPENSATION COMMITTEE WHICH IS A COMMITTEE OF THE BOARD OF TRUSTEES. THE COMPENSATION COMMITTEE DOES A REVIEW, USING INDEX DATA (A BENCHMARK GROUP OF PEER SCHOOLS) AND OTHER INDEPENDENT DATA, TO EVALUATE COMPENSATION FOR KEY EMPLOYEES. THE COMPENSATION COMMITTEE CONSISTS OF THE CURRENT BOARD CHAIR, PAST BOARD CHAIR, AND THE OFFFICERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE NOT MADE AVAILABLE TO THE PUBLIC. THE SCHOOL'S FINANCIAL STATEMENTS ARE AVAILABLE THROUGH THE STATE OF ILLINOIS' ATTORNEY GENERAL'S OFFICE. HIGH JUMP INC 59 W NORTH BLVD CHICAGO IL 60610 364470186 ENRICHMENT PROGRAM FOR TALENTED MS STUDENTS WITH LIMITED FAMILY RESOURCES IL 501(C)(3) 509(A)(1) N/A 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 HIGH JUMP INC Q 822647 FMV HIGH JUMP INC B 326770 FMV