2014-05-09T08:47:04-05:00 2013-06-30 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2012-07-01 362258525 THE LATIN SCHOOL OF CHICAGO LATI 3125826104 59 W NORTH BLVD CHICAGO IL 60610 TOMY P ALEXANDER 3125826104 2014-05-05 1 LU ANN TRAPP P01506476 3122071040 2014-05-05 2012 2015-11-30 17:44:51Z TOMY P ALEXANDER 59 W NORTH BLVD CHICAGO IL 60610 49996377 0 X WWW.LATINSCHOOL.ORG X 1954 IL AN INDEPENDENT CO-ED JUNIOR KINDERGARTEN-12TH GRADE DAY SCHOOL. 33 32 582 400 0 0 4273095 12197826 32219978 33599884 559107 1017015 295262 450634 37347442 47265359 2994114 3273696 0 0 23572443 24977913 0 0 1277199 8573052 9894759 35139609 38146368 2207833 9118991 94024236 101813134 35150165 31468840 58874071 70344294 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 30357695 3273696 30676064 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 1,117 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 THOSE WHOM OTHERWISE MAY NOT BE FINANCIALLY ABLE TO ATTEND SCHOOL. APPROXIMATELY 12.4% OF THE STUDENT BODY RECEIVES FINANCIAL AID. 1462798 1663270 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. 31820493 1 1 0 0 0 0 0 0 0 1 1 1 0 0 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 78 0 1 582 0 1 1 0 0 0 0 1 1 0 0 0 0 X 33 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 RANDALL DUNN 50.00 X X 571366 0 97577 VINCENT COZZI 10.00 X X 0 0 0 PHIL A CANFIELD 10.00 X X 0 0 0 GEORGY ANN PELUCHIWSKI 10.00 X X 0 0 0 DIANA AIXALA 2.00 X 0 0 0 MICHAEL J BERLAND 2.00 X 0 0 0 LESLIE BLUHM 2.00 X 0 0 0 JACOLYN BUCKSBAUM 2.00 X 0 0 0 SONIA CHAE 2.00 X 0 0 0 RITU DHINGRA 2.00 X 0 0 0 JEREMY EBIE 2.00 X 0 0 0 JACQUELINE FERRO 2.00 X 0 0 0 SUZANNE GIGNILLIAT 2.00 X 0 0 0 LEE GOLUB 2.00 X 0 0 0 SABRINA GRACIAS 2.00 X 0 0 0 JOYSE GREENBLATT 2.00 X 0 0 0 TIM HURD 2.00 X 0 0 0 GARY T JOHNSON 2.00 X 0 0 0 PRICILLA KERSTEN 2.00 X 0 0 0 DAVID KOO 2.00 X 0 0 0 ARTHUR MARGULIS 2.00 X 0 0 0 CAMERON MCKINNEY 2.00 X 0 0 0 CHARLENE OLSON 2.00 X 0 0 0 MICHELLE PAREKH 2.00 X 0 0 0 DIANA M RAUNER 2.00 X 0 0 0 PETER C ROBERTS 2.00 X 0 0 0 ANN GARDNER ROCKEY 2.00 X 0 0 0 CAROLINE ROGERS 2.00 X 0 0 0 LARA SHARP SHIFFMAN 2.00 X 0 0 0 JOHN SUPERA 2.00 X 0 0 0 DIANE R THOMAS 2.00 X 0 0 0 MARY E TYREE 2.00 X 0 0 0 BETH WHITE 2.00 X 0 0 0 TOMY ALEXANDER 50.00 X 236957 0 39249 SHELLEY GREENWOOD 50.00 X 179874 0 72746 DEBRA SAMPEY 50.00 X 131336 0 92989 TED GRAF 50.00 X 131134 0 58465 ELIZABETH PLESHETTE 50.00 X 125975 0 80563 SALLY OTT 50.00 X 125624 0 22156 SUSAN HEGLIN 50.00 X 116383 0 93980 1618649 0 557725 22 0 1 0 QUEST FOOD MANAGEMENT 2500 S HIGHLAND LOMBARD IL 60148 FOOD SERVICE 1741919 POWER CONSTRUCTION CO 2360 PALMER DRIVE SCHAUMBURG IL 60173 CONSTRUCTION 593834 GT MECHANICAL PROJECT AND DESIGN INC 15729 S ANNICO DRIVE HOMER GLEN IL 60491 HVAC EQUIPMENT AND DESIGN 375058 CAMPBELL & COMPANY 1 EAST WACKER DRIVE CHICAGO IL 60601 PERSONNEL SEARCH 202056 SCHIFF HARDIN LLP 233S WACKER DR CHICAGO IL 60606 LAWYER 154743 5 693368 11504458 133453 12197826 TUITION AND FEES 900099 30676064 30676064 LUNCH ROOM 611710 1159849 1159849 SUMMER PROGRAMS 900099 996110 996110 AFTER SCHOOL PROGRAMS 900099 250525 250525 ATHLETIC CLUBS 900099 158875 158875 358461 257760 100701 33599884 627683 627683 2746813 2357481 389332 389332 389332 701168 693368 270829 430339 430339 26860 0 26860 26860 96143 102708 -6565 -6565 47265359 32339334 0 2728199 270221 270221 3003475 3003475 1133784 1021375 112409 17368311 15541232 1317005 510074 1091251 826077 230254 34920 4113307 3364685 588203 160419 1271260 1039891 181790 49579 180838 180838 46000 46000 12500 12500 477597 112944 202676 161977 219782 45295 72134 102353 1000370 814798 119882 65690 525115 256803 267285 1027 1127068 1014361 112707 209685 169083 27148 13454 215901 215612 289 708923 638031 70892 2487733 2238960 248773 160129 160129 AUXILLIARY 1617983 1617983 STUDENT SUPPORT & ACTIV 651042 651042 INSTITUTIONAL SUPPORT 254093 188796 65297 38146368 31820493 5048676 1277199 1856879 2985066 2629333 1571027 3019206 6467394 189197 146535 60879 48762 1157916 1400115 70662790 19670742 49161859 50992048 17942651 18808875 14907088 18544309 3099228 849003 94024236 101813134 3646927 3807291 5938526 3939862 21340000 20500000 4224712 3221687 35150165 31468840 X 40746212 43786428 4574567 5074505 13553292 21483361 58874071 70344294 94024236 101813134 X 9118991 3101237 -750005 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 17529711 145385 -3172389 222689 554057 12562 13713399 0.29000 0.65000 0.06000 0 0 9402665 9402665 48452099 14368209 34083890 6235536 2956687 3278849 6554109 2345846 4208263 18381 18381 50992048 PRIVATE EQUITY-COMMON FUND 307644 F LTD PTNRSHP-WELLINGTON 8494117 F HEDGE FUND-ADDISON CLARK 1161047 F HEDGE FUND-ARCHSTONE OFFSHORE LTD 5516838 F LTD PTNRSHP-NEWPORT ASIA 1854931 F HEDGE FUND - FORESTER 1209732 F 18544309 POSTRETIREMENT HEALTH BENEFITS 673336 FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 2006771 DEFERRED COMPENSATION 541580 3221687 X 48152342 3101237 1339636 4440873 43711469 3553890 3553890 47265359 35816769 1224291 1224291 34592478 3553890 3553890 38146368 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE SCHOOL'S ENDOWMENT FUND IS USED TO SUPPORT OPERATIONS, FINANCIAL AID, AND PROFESSIONAL AND CURRICULM DEVELOPMENT. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE SCHOOL HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE INDICATING THAT IT IS 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 2013 OR 2012. THE SCHOOL'S APPLICATION OF GAAPUSA 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 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF RELATED ORG - INCLUDED ON CONSOLIDATED F/S 1,236,928. COGS - NETTED AGAINST REVENUE 102,708. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST TUITION AND FEES ON AUDIT 3,003,475. SWAP INTEREST EXPENSE NETTED AGAINST INVESTMENT INCOME 550,415. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF RELATED ORG - INCLUDED ON CONSOLIDATED F/S 1,121,583. COGS - NETTED AGAINST REVENUE 102,708. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST TUITION AND FEES ON AUDIT 3,003,475. SWAP INTEREST EXPENSE NETTED AGAINST INVESTMENT INCOME 550,415. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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 7887617 0 0 0 0 0 0 7887617 0 7887617 1 0 0 0 0 0 PT I LINE 3 COL (F) HEDGE FUND MANAGERS FOR THE SCHOOL'S ENDOWMENT FUND. SCHOLARSHIP DINNER AND AUCTION 1394536 693368 701168 270829 1394536 693368 701168 270829 270829 430339 26860 1 1.00000 26860 26860 IL 1 0 1 0 1.00000 TOMY ALEXANDER 59 W NORTH AVENUE CHICAGO IL 60610 0 CAROLINE KENERSON 4000 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) 270221 FMV USE OF FACILITIES GENERAL SUPPORT 1 FINANCIAL AID 142 3003475 PT 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 490880 0 0 0 80486 0 14700 0 82877 0 668943 0 0 0 TOMY ALEXANDER 236418 0 0 0 539 0 14710 0 24539 0 276206 0 0 0 SHELLEY GREENWOOD 179169 0 0 0 705 0 17101 0 55645 0 252620 0 0 0 DEBRA SAMPEY 131107 0 0 0 229 0 13304 0 79685 0 224325 0 0 0 TED GRAF 130897 0 0 0 237 0 8842 0 49623 0 189599 0 0 0 ELIZABETH PLESHETTE 125824 0 0 0 151 0 8027 0 72536 0 206538 0 0 0 SUSAN HEGLIN 116172 0 0 0 211 0 10110 0 83870 0 210363 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 17375000 17182056 192944 2007 0 1 1 1 B 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 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 23 133453 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 DIRECTOR. 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 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: PLEDGE - MODIFICATION OF DONOR INTENT -750,000. ROUNDING ADJUSTMENT -5. 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 813560 FMV HIGH JUMP INC B 270221 FMV