2015-05-13T11:16:50-05:00 2014-06-30 362938874 OSTROW REISIN BERK & ABRAMS LTD 455 N CITYFRONT PLAZA DR SUITE 1500 CHICAGO IL 60611 990 2013-07-01 455454261 INTRINSIC SCHOOLS INTR 7088872735 4540 W BELMONT CHICAGO IL 60641 MELISSA ZAIKOS CEO 3123849903 2015-05-11 1 JAMES G QUAID P00641738 3126707444 2015-05-11 2013 2016-04-25 22:37:26Z X MELISSA ZAIKOS 4540 W BELMONT CHICAGO IL 60641 5182598 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 26 6 0 0 730000 5081662 8600 22817 0 3694 0 0 738600 5108173 0 0 0 0 291195 2002867 0 0 59445 298397 1464075 589592 3466942 149008 1641231 1011190 16340714 862182 14287404 149008 2053310 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 2097132 0 22817 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 REAL WORLD EXPERIENCES. DURING THE INITIAL SCHOOL YEAR OF 2013-2014, THE SCHOOL SERVED APPROXIMATELY 183 NINTH GRADE STUDENTS. BY 2016, INTRINSIC SCHOOLS HOPES TO SERVE 800 STUDENTS IN GRADES SEVEN THROUGH TWELVE. 2097132 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 17 0 26 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 1 0 IL 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 156250 0 11987 BRIAN KATES DIRECTOR OF FINANCE & OPS 40.00 X 85000 0 3100 241250 0 15087 1 0 1 0 CLUNE 10 S LA SALLE STE 200 CHICAGO IL 60603 CONSTRUCTION 6456865 WHEELER KEARNS 343 S DEARBORN STE 200 CHICAGO IL 60604 ARCHITECT 771929 MACON CONSTRUCTION 1535 N ELSTON CHICAGO IL 60642 CONSTRUCTION 563444 WOODEN ROOF STRUCTURES 15555 S 70TH CT ORLAND PARK IL 60462 CONSTRUCTION 206576 6 2817097 2264565 74425 5081662 STUDENT FEES 611110 22817 22817 22817 78119 74425 3694 3694 3694 5108173 22817 0 3694 289788 175843 105425 8520 1457402 884197 528435 44770 146603 83356 63247 12845 7801 2954 2090 96229 58411 33786 4032 47729 47729 46625 46625 328277 166686 161591 20570 8529 12041 78678 41112 37566 153666 125079 28587 540853 365412 175441 16752 10169 6583 15534 15534 66090 40117 25973 21412 12997 8415 EDUCATION MATERIALS 53811 53811 STUDENT COSTS 48466 48466 PROF DEVELOPMENT 6221 3776 2445 DUES AND SUBSCRIPTIONS 4232 2569 1663 15159 8801 6325 33 3466942 2097132 1310365 59445 376794 506656 1002145 2500 14857242 69960 172265 14787282 462131 42131 1011190 16340714 62182 3512265 24741 675000 10625398 125000 125000 862182 14287404 X 149008 1162820 890490 149008 2053310 1011190 16340714 1641231 263071 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2177785 2177785 118200 32559 85641 12561257 37401 12523856 14787282 X 5271094 162921 162921 5108173 0 5108173 3629863 162921 162921 3466942 0 3466942 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, 2014. FEDERAL TAX AND/OR INFORMATION RETURNS OF THE SCHOOL ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THE RETURNS WERE FILED. OPEN TAX YEARS INCLUDE RETURNS FILED FOR THE YEAR ENDED JUNE 30, 2013, THE FIRST TAX YEAR OF THE SCHOOL. 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 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, 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 0 0 0 0 0 0 0 0 0 MELISSA ZAIKOS CEO 150000 0 6250 0 0 0 0 0 11987 0 168237 0 0 0 CHARTER SCHOOL FINANCING LLC 100 % OWNED BY JIM FRANK, BOARD CHAIR CONSTRUCTION LOAN FOR THE NEW SCHOOL X 10625398 10625398 0 1 1 10625398 X 2 74425 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE ENTITY'S BYLAWS ALLOW THE BOARD POWER TO APPOINT A COMMITTEE WITH CORPORATE AUTHORITY. DUE TO THE INFANCY OF THE ENTITY, THIS COMMITTEE HAS NOT BE 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 15 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.