2014-07-15T14:54:46-05:00 2013-08-31 363168081 SIKICH LLP 1415 W DIEHL RD SUITE 400 NAPERVILLE IL 605632349 990 2012-09-01 202059533 NORTHERN KANE EDUCATIONAL CORP NORT 8474645300 900 WESTER BOULEVARD PINGREE GROVE IL 60140 LARRY FUHRER 8474645300 2014-06-20 1 ANDREW T TWARDOWSKI CPA P00377357 6305668400 2012 2015-11-30 17:44:51Z LARRY FUHRER 900 WESTER BOULEVARD PINGREE GROVE IL 60140 7995885 0 X N/A X 2004 IL TO PROVIDE A HIGH ACHIEVEMENT LEARNING ENVIRONMENT 13 8 37 255 0 0 162136 127328 6985424 7756091 385 360 -3646 28255 7144299 7912034 0 0 0 0 764001 967134 0 0 0 7232095 7620832 7996096 8587966 -851797 -675932 20550181 20108194 19740443 19974388 809738 133806 X TO PROVIDE A HIGH ACHIEVEMENT LEARNING ENVIRONMENT WHILE ADDRESSING FINANCIAL, SPACE AND EDUCATIONAL DELIVERY ISSUES WITHIN A RAPIDLY-EXPANDING, LARGE SCHOOL DISTRICT. 0 0 6419624 7302723 CAMBRIDGE LAKES CHARTER SCHOOL PROVIDES DISTRICT 300 FAMILIES WITH AN ALTERNATIVE COMMUNITY SCHOOL CHOICE FOR STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE. DURING THE 2013 SCHOOL YEAR, 820 STUDENTS WERE ENROLLED. 739040 256631 CAMBRIDGE LAKES PRESCHOOL OFFERS TUITION-BASED PRESCHOOL FOR 3- AND 4-YEAR-OLDS USING HIGH SCOPE METHODS. MIXED-AGE OFFERING IN COLLABORATION WITH PRESCHOOL FOR ALL, A STATE INITIATIVE. FAMILIES THAT QUALIFY RECEIVE PRESCHOOL PARTICIPATION AT NO COST. THE CHILDREN LEARN FROM ILLINOIS-CERTIFIED EARLY CHILDHOOD TEACHERS. DURING THE 2013 SCHOOL YEAR, 35 THREE YEAR OLDS AND 53 FOUR YEAR OLDS WERE ENROLLED. 184143 181040 SCHOOL'S OUT PROVIDES STUDENTS WITH LEARNING ENRICHMENT FOR CORE SUBJECTS AND OPPORTUNITIES TO EXPLORE ART, MUSIC, TECHNOLOGY, FITNESS AND SPORTS. SCHOOL'S OUT SUMMER FUN PROVIDES A 2-WEEK CAMP EXPERIENCE SIX TIMES DURING THE SUMMER. SCHOOL'S OUT COMMUNITY FUN SERVES ADULTS AND FAMILIES. ENROLLMENT IN THE SCHOOL'S OUT PROGRAM FOR THE 2013 SCHOOL YEAR WAS OVER 850 PARTICIPANTS. 134600 15697 CAMBRIDGE ADULT ACADEMY AND MUSIC 134600 15697 7477407 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 68 0 1 37 1 0 0 0 0 0 0 0 0 0 0 X 13 8 0 1 1 0 0 1 0 1 1 0 0 1 1 0 1 0 0 0 1 0 X THE ORGANIZATION 8474645300 900 WESTER BOULEVARD PINGREE GROVE IL 60140 JULIE MAHAFFEY 1.00 X 1231 0 0 STACEY RUIZ 56.00 X 17500 0 2420 KRISTEN LEHMAN 0.50 X 0 0 0 HOLLY BLAIR-CASCIO 60.00 X 1996 42705 4760 RICHARD RAAB 15.00 X 0 31272 4760 DR KENNETH ARNDT 1.00 X 0 0 0 TOM HAY 2.00 X 0 0 0 LON CZARNECKI 10.00 X 4500 0 0 BRANDON LANDS 0.00 X 0 0 0 LESLIE LAMARCA 0.00 X 0 0 0 BETSY WEIER 1.00 X 0 0 0 LARRY FUHRER 132.00 X X 0 0 0 SYLVIA POLLETTA 50.00 X X 67583 0 4760 K THOMAS KODIAK 18.00 X X 10000 0 0 MARG BOGNER 35.00 X 40758 0 4760 DR KATHLEEN POOLE 50.00 X 17764 20553 3590 161332 94530 25050 0 0 0 0 LINCOLN EDUCATORS COOPERATIVE 3831 MCCOY DR 109 AURORA IL 60504 PROVIDE CERTIFICATED WORKERS 3770628 HODGES LOIZZI EISENHAMMER RODICK AND 3030 SALT CREEK LANE STE 202 ARLINGTON HEIGHTS IL 60005 LEGAL SERVICES 124711 K12 MANAGEMENT INC 2300 CORPORATE PARK DRIVE HERNDON VA 20171 VIRTUAL SCHOOL MATERIALS, SUPPORT 124220 PRESIDENTIAL SERVICES LTD 3831 MCCOY DR 109 AURORA IL 60504 MANAGEMENT AND SUPPORT SERVICES 120000 IMAGE ONE FACILITY SOLUTIONS INC 1555 MITTEL BLVD STE G WOOD DALE IL 60919 FACILITY CLEANING SERVICES 116472 6 110352 16976 127328 CHARTER SCHOOL TUITION 900099 6898220 6898220 PRESCHOOL TUITION 900099 256631 256631 REGISTRATION FEES 900099 192412 192412 SCHOOL'S OUT PROGRAM 900099 181040 181040 LUNCH FEES 900099 157138 157138 70650 70650 7756091 360 360 75051 83851 -8800 -8800 MISCELLANEOUS INCOME-C 900099 32000 32000 MISC.INCOME 900099 5055 5055 37055 7912034 7756091 0 28615 X 504087 211958 292129 278642 153199 125443 125244 43761 81483 59161 26856 32305 125361 125361 35390 35390 4263705 4161375 102330 17180 14503 2677 202860 121393 81467 1195599 1190367 5232 920929 899351 21578 66696 1025 65671 SUPPLIES 221399 205017 16382 REPAIRS AND MAINTENANCE 210177 187397 22780 LUNCH 156738 153725 3013 FIELDTRIP AND EVENT EXP 96714 29170 67544 108084 78310 29774 8587966 7477407 1110559 0 261045 194322 3153737 3236461 10542 72720 67457 54089 19509948 4816020 15172215 14693928 1885185 1856674 20550181 20108194 117556 126954 1943328 2151690 17378828 16915051 300731 780693 19740443 19974388 X 787664 118177 22074 15629 809738 133806 20550181 20108194 -675932 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1800000 1800000 14952436 3152552 11799884 14200 14200 2292108 1406076 886032 451204 257392 193812 14693928 BOND ISSUANCE COST 205193 BOND PROCEEDS HELD IN TRUST 1589728 DUE FROM RELATED PARTY 55381 SECURITY DEPOSITS 6350 INTEREST RECEIVABLE 22 1856674 ACCRUED INTEREST 293406 CONSTRUCTION NOTE PAYABLE 487287 780693 X 7995885 83851 83851 7912034 0 7912034 8671817 83851 83851 8587966 0 8587966 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: IN A LETTER DATED OCTOBER 2, 2006, THE INTERNAL REVENUE SERVICE DETERMINED THAT THE NONPROFIT CORPORATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE NONPROFIT CORPORATION HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170(B)(1)(A)(VI). THE NONPROFIT CORPORATION FOLLOWS AUTHORITATIVE GUIDANCE ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS NOT BEEN MET. THIS GUIDANCE ALSO ADDRESSES DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE, AND TRANSITION. THE NONPROFIT CORPORATION CONDUCTS BUSINESS SOLELY IN THE U.S. AND, AS A RESULT, FILES INCOME TAX RETURNS FOR U.S. AND ILLINOIS. IN THE NORMAL COURSE OF BUSINESS, THE NONPROFIT CORPORATION IS SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. THE NONPROFIT CORPORATIONS TAX RETURNS FOR YEARS SUBSEQUENT TO FISCAL 2009 ARE OPEN, BY STATUTE, FOR REVIEW BY AUTHORITIES. HOWEVER, AT PRESENT, THERE ARE NO ONGOING INCOME TAX AUDITS OR UNRESOLVED DISPUTES WITH THE VARIOUS TAX AUTHORITIES THAT THE NONPROFIT CORPORATION CURRENTLY FILES OR HAS FILED WITH. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSE 83,851. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT DIRECT EXPENSE 83,851. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE ILLINOIS STATE BOARD OF EDUCATION AWARDED ONE GRANT TO NORTHERN KANE IN THE AMOUNT OF $110,352. BOOKFAIR 18731 18731 17759 ART TO REMEMBER 10040 10040 7714 33 46280 46280 875 1598 55905 75051 75051 875 1598 81378 83851 -8800 A VILLAGE OF LAKE IN THE HILLS 366009195 510021AJ7 2007-06-13 1600000 TO FURNISH CLASSROOMS AND OFFICES AT CAMBRIDGE LAKES LEARNING CENTER 0 0 0 B VILLAGE OF PINGREE GROVE 361188432 72342PAA8 2007-01-23 10565000 TO CONSTRUCT SCHOOL BUILDINGS 0 0 0 C VILLAGE OF PINGREE GROVE 361188432 72342PAC4 2011-07-06 6400000 TO CONSTRUCT AND FURNISH SCHOOL BUILDINGS 0 0 0 A 1600000 32000 1568000 2007 0 0 1 1 B 10565000 811451 147635 9605914 2007 0 0 1 1 C 6400000 622785 84177 5693038 2011 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 0 0 PRESIDENTIAL SERVICES LTD THE OWNER OF PRESIDENTIAL SERVICES, LTD. IS ALSO THE CEO OF NKEC 120000 PROVIDED MANAGEMENT AND SUPPORT SERVICES TO NKEC AS THE CEO OF NKEC 0 LINCOLN EDUCATORS COOPERATIVE PSLTD IS THE SOLE SHAREHOLDER OF LEC 4037048 LEC PROVIDES PERSONNEL SERVICES AS CERTIFICATED PERSONNEL ARE LEASED FROM LEC BY NKEC. 0 LINCOLN EDUCATORS COOPERATIVE PSLTD IS THE SOLE SHAREHOLDER OF LEC 53381 LEC PROVIDES PERSONNEL SERVICES AS CERTIFICATED EMPLOYEES ARE LEASED FROM LEC BY NKEC. AMOUNT IS FOR THE DOWN PAYMENT, EQUIPMENT, FURNITURE, ETC. AT THE MCCOY BULIDING. 0 FORM 990, PART VI, SECTION A, LINE 3 THE CEO FOR NORTHERN KANE IS AN INDEPENDENT CONTRACTOR. DUTIES OF THE CEO INCLUDE HIRING, FIRING, SUPERVISING PERSONNEL, BUDGETING, SUPERVISING FINANCIAL OPERATIONS, STRATEGIC PLANNING AND FUNDRAISING. THE CEO ALSO SERVES AS THE LIASON WITH INVESTMENT BANKERS, BOND TRUSTEE, ATTORNEYS, AND ACCOUNTANTS. FORM 990, PART VI, SECTION A, LINE 4 NUMBER OF DIRECTORS CHANGED FROM RANGE (12-14) TO 13 AND FOUNDING DIRECTORS RANGE (6-8) TO 7. CHANGED MIX OF DIRECTORS. ADOPTED FINANCIAL PROTOCOLS. CHANGE TO DEFINITION OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS CAN ELECT VOTING DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 LARRY FUHRER, CEO REVIEWS ALL SCHEDULES. AFTER A DRAFT OF THE 990 IS RECEIVED, IT WILL BE DISTRIBUTED TO THE BOARD FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND OFFICERS ARE COVERED UNDER THE POLICY. DIRECTORS AND OFFICERS HAVE BEEN INSTRUCTED FROM THE BEGINNING OF THE CORPORATION TO DISCLOSE AS THEY OCCUR ANY CONFLICTS OF INTEREST. THE BOARD MONITORS POTENTIAL CONFLICTS BETWEEN MEMBERS AND OTHER ENTITIES. NEW VENDORS OR TRANSACTIONS ARE SCREENED FOR POSSIBLE CONFLICTS. THE ROLES OF OFFICERS AND DIRECTORS IN OUTSIDE INTERESTS ARE ALSO MONITORED FOR POTENTIAL CONFLICT. AN INTERESTED PARTY CANNOT VOTE ON A TRANSACTION. THERE IS NO LIMIT TO THE AMOUNT OF A TRANSACTION; ALL ARE APPROVED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15B THE CEO DETERMINES COMPENSATION OF OFFICERS BY USING RUBRICS TO EVALUATE STAFF AND PAY IS BASED ON THE RESULTS OF THE EVALUATIONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. OTHER FEES FORM 990, PART IX, LINE 11G CONTRACTED EMPLOYEES: PROGRAM SERVICE EXPENSES 3,931,168. MANAGEMENT AND GENERAL EXPENSES 94,649. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,025,817. OTHER: PROGRAM SERVICE EXPENSES 230,207. MANAGEMENT AND GENERAL EXPENSES 7,681. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 237,888.