2026-01-21T10:53:54-06:00 2025-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 1707 N RANDALL ROAD STE 200 ELGIN IL 60123 990 2024-09-01 202059533 NORTHERN KANE EDUCATIONAL CORP NORT 8476489700 840 CAMPUS DRIVE PINGREE GROVE IL 60140 DIANE KEATING DIRECTOR OF FINANCE 8474645300 2026-01-14 1 1 MELANIE MCPEAK P01346034 8478888600 2024 2025-03-06 01:10:19Z MARK RASAR 840 CAMPUS DRIVE PINGREE GROVE IL 60140 11732641 0 X WWW.CAMBRIDGELAKESCHARTERSCHOOL.NET X 2004 IL TO FACILITATE LIFELONG, HIGH ACHIEVEMENT LEARNING. CONTINUOUSLY ADDRESSING FINANCIAL, SPACE, AND EDUCATIONAL DELIVERY ISSUES WITHIN A LARGE SCHOOL DISTRICT. 6 6 130 50 0 0 207847 2167655 10191794 9276762 359040 253586 25545 -1844 10784226 11696159 107127 65330 0 0 6158463 6132651 0 0 0 3714420 3066915 9980010 9264896 804216 2431263 20952956 32651994 17834201 27101976 3118755 5550018 TO FACILITATE LIFELONG, HIGH ACHIEVEMENT LEARNING. CONTINUOUSLY ADDRESSING FINANCIAL, SPACE, AND EDUCATIONAL DELIVERY ISSUES WITHIN A LARGE SCHOOL DISTRICT. 0 0 7499424 65330 8629703 CAMBRIDGE LAKES CHARTER SCHOOL PROVIDES DISTRICT 300 FAMILIES WITH AN ALTERNATIVE COMMUNITY SCHOOL CHOICE FOR STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE AND THE CAMBRIDGE LAKES ACADEMY FOR STUDENTS IN KINDERGARTEN THROUGH TWELFTH GRADE. DURING THE 2024-25 SCHOOL YEAR, APPROXIMATELY 654 STUDENTS WERE ENROLLED. 654404 478862 CAMBRIDGE LAKES PRESCHOOL OFFERS TUITION-BASED PRESCHOOL FOR 3 AND 4 YEAR OLDS USING CORE KNOWLEDGE CURRICULUM WITH SOME UNDERLYING HIGH SCOPE METHODS. THE CHILDREN LEARN FROM ILLINOIS CERTIFIED EARLY CHILDHOOD TEACHERS. DURING THE 2024-25 SCHOOL YEAR, APPROXIMATELY 115 STUDENTS WERE ENROLLED. 233464 168197 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 DAILY CAMP EXPERIENCES DURING THE SUMMER. SCHOOL'S OUT COMMUNITY FUN SERVES ADULTS AND FAMILIES. ENROLLMENT IN THE SCHOOL'S OUT PROGRAM FOR THE 2024-25 SCHOOL YEAR WAS OVER 284 PARTICIPANTS. 8387292 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 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 21 0 1 130 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X DIANE KEATING 8476489700 840 CAMPUS DRIVE PINGREE GROVE IL 60140 JENNIFER MANISCALCO CHAIR 6.00 0.00 X X 0 0 0 BREA CORSARO VICE-CHAIR 4.00 0.00 X X 0 0 0 ANNE MILLER DIRECTOR 4.00 0.00 X 0 0 0 KELLY BURKE DIRECTOR 1.00 0.00 X 0 0 0 DAN WALSH DIRECTOR 3.00 0.00 X 0 0 0 ART FESSLER DIRECTOR 6.00 0.00 X 0 0 0 MARK RASAR CEO 50.00 0.00 X 166399 0 35902 DIANE KEATING DIRECTOR OF FINANCE 50.00 0.00 X 52962 0 7592 LILA HERAS SECRETARY 40.00 0.00 X 73951 0 5273 PAUL TROY COO 40.00 0.00 X 61047 0 1150 KARISSA MUNGER HUMAN RESOURCES 50.00 0.00 X 100674 0 12230 SARAH CROOM ASST PRINCIPAL 40.00 0.00 X 100376 0 23784 555409 0 85931 3 0 1 0 ALLIED FACILITY PARTNERS LLC 2413 W ALGONQUIN RD SUITE 415 ALGONQUIN IL 60102 CONSTRUCTION 619300 LARSON 1000 E STATE PARKWAY UNIT F SCHAUMBURG IL 60173 CONSTRUCTION 581067 LAMP INC 460 N GROVE AVE ELGIN IL 60120 CONSTRUCTION 318429 COMMUNITY THERAPY CORP 201 MAIN STREET ROSELLE IL 60172 PHYSICAL THERAPY AND OCCUPATIONAL THERAP 231249 PEARSONCONNECTION EDUCATION 509 S EXETER STREET SUITE 202 BALTIMORE MD 21202 ONLINE COURSE CURRICULM 173043 5 2167254 401 2167655 CHARTER SCHOOL TUITION 611110 7801013 7801013 SPECIAL EDUCATION REIMBURSEMENT 611110 533321 533321 PRESCHOOL TUITION 611110 478862 478862 SCHOOL'S OUT PROGRAM 611110 168197 168197 ALL OTHER PROGRAMS 611110 151372 151372 143997 143997 9276762 272573 272573 175 -175 -175 -175 18987 -18987 -18987 -18987 14651 12804 1847 1847 995 4516 -3521 -3521 MISCELLANEOUS INCOME 900099 5 5 5 11696159 9276762 0 251742 65330 65330 353786 353786 4819096 4720940 98156 116145 116145 652412 626519 25893 191212 158340 32872 46511 1773 44738 38363 38363 670119 621912 48207 30200 26629 3571 159128 136340 22788 52704 33017 19687 260535 249544 10991 2717 2037 680 738229 726009 12220 665950 655177 10773 137725 2946 134779 SPECIAL EVENT COSTS 141800 141630 170 SUPPLIES 86799 67275 19524 LUNCH 29574 29168 406 BAD DEBT 6561 6561 9264896 8387292 877604 0 1165449 5645487 7724117 13476038 479604 533321 46019 49389 153103 73224 20588277 7713742 11384664 12874535 20952956 32651994 736442 635017 226292 1789710 16871467 24677249 17834201 27101976 X 3118755 5550018 3118755 5550018 20952956 32651994 2431263 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1864500 1864500 16317559 6644322 9673237 2406218 1069420 1336798 12874535 X 11713479 0 11713479 -17320 -17320 11696159 9282216 17320 17320 9264896 0 9264896 PART X, LINE 2: IN A LETTER DATED OCTOBER 2, 2006, THE INTERNAL REVENUE SERVICE (IRS) DETERMINED THAT THE NONPROFIT CORPORATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR EITHER FEDERAL OR STATE INCOME TAXES. 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(1)(A)(VI). THE NONPROFIT CORPORATION HAS EVALUATED THE TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS. CURRENTLY, THE RETURNS FOR THE PRIOR THREE FISCAL YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE; HOWEVER, THE NONPROFIT CORPORATION IS NOT CURRENTLY UNDER AUDIT NOR HAS THE NONPROFIT CORPORATION BEEN CONTACTED BY THIS JURISDICTION. BASED ON THE EVALUATION OF THE NONPROFIT CORPORATION'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS WOULD BE UPHELD UNDER AN EXAMINATION; THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE PERIOD SEPTEMBER 1, 2024 THROUGH JUNE 30, 2025. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF FUNDRAISING EVENTS -12,804. COST OF GOODS SOLD -4,516. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF FUNDRAISING EVENTS 12,804. COGS 4,516. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 POLICY NOTED IN PAMPHLET & ON WEBSITE SCHEDULE E, PART I, LINE 6 TAXPAYER RECEIVED ASSISTANCE IN THE FORM OF DISCOUNTED INTERNET SERVICE FROM COMCAST VIA THE FEDERAL E-RATE PROGRAM. TAXPAYER RECEIVED REIMBURSEMENT FROM THE STATE OF ILLINOIS UNDER THE NATIONAL SCHOOL LUNCH & BREAKFAST PROGRAM, ALLOWING THEM TO DISTRIBUTE THE FOLLOWING MEALS FROM 9/1/2024 THRU 6/30/2025: 3,794 BREAKFASTS WERE SOLD TO FULLY-PAID OR PARTIAL-PAID STUDENTS 14,736 LUNCHES WERE SERVED TO FULLY-PAID OR PARTIAL-PAID STUDENTS 0 BREAKFAST AND LUNCH ASSISTANCE 654 0 65330 FMV BREAKFAST AND LUNCH ASSISTANCE X X 0 0 0 0 0 0 0 0 0 MARK RASAR CEO 162249 0 4000 0 150 0 8112 0 27790 0 202301 0 0 0 A UPPER ILLINOIS RIVER VALLEY DEVELOPMENT AUTHORITY B BONDS 363904948 91588XAA4 2017-12-14 18440000 TO REFUND VOPG 2006 BONDS & ADVANCE-REFUND VOPG 2011 BONDS, REFINANCE CERTAI 0 0 0 B UPPER ILLINOIS RIVER VALLEY DEVELOPMENT AUTHO SERIES A & B 363904948 91588XAA4 2025-06-05 8550000 FUND CAPITAL IMPROVEMENTS 0 0 0 A 1835000 18440000 1230525 14653934 281258 2274283 2018 1 0 1 1 B 8275000 603446 503622 165500 7002432 2025 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 0 0 0 0 0 B 0 1 0 0 0 0 0 0 0 A 0 B 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: UPPER ILLINOIS RIVER VALLEY DEVELOPMENT AUTHORITY B BONDS DATE THE REBATE COMPUTATION WAS PERFORMED: 01/04/2023 FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED TO SET THE NEW ACCOUNTING YEAR-END AS JUNE 30TH. THE 2024 RETURN IS A SHORT-YEAR RETURN REFLECTING THE TAX PERIOD OF SEPTEMBER 1, 2024 TO JUNE 30, 2025. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. EACH MEMBER RECEIVES ONE VOTE; THERE ARE NO SPECIAL CLASSES OF MEMBERS FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT VOTING DIRECTORS TO THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD MAKES GOVERNANCE DECISIONS FOR NORTHERN KANE; MANAGEMENT MAKES OPERATIONAL DECISIONS FOR NKEC, THE CHARTER SCHOOL, AND THE PRESCHOOL; AND THE MEMBERS ELECT CERTAIN BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B CEO AND/OR TREASURER REVIEWS ALL SCHEDULES AFTER A DRAFT OF FORM 990 IS RECEIVED. IT IS DISTRIBUTED TO THE BOARD FOR THEIR REVIEW, PRIOR TO FILING. 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 ANY CONFLICTS OF INTEREST AS THEY OCCUR. 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 15 THE NKEC BOARD OF DIRECTORS DETERMINES THE COMPENSATION OF OFFICERS; MANAGEMENT MAKES DECISIONS FOR KEY EMPLOYEES. THE MAJORITY OF OFFICERS AND KEY EMPLOYEES WERE NEW HIRES DURING FISCAL YEAR 6/30/2025. OFFERS WERE BASED ON MARKET VALUE. RAISES ARE BASED ON MARKET TRENDS, GOAL ACHIEVEMENTS, AND MERIT. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.