2013-05-02T13:36:14-05:00 2012-06-30 420714325 MCGLADREY LLP 1 S WACKER DRIVE STE 800 CHICAGO IL 60606 990 2011-07-01 362171732 Francis W Parker School FRAN 7737975501 330 W Webster Avenue Chicago IL 60614 Robert Haugh 7737975501 2013-05-02 1 David Faje P00031371 3126343400 2011 2016-02-25 16:41:14Z Daniel Frank 330 W Webster Avenue Chicago IL 60614 34886871 0 X www.fwparker.org X 1901 IL See Form 990, Part III, Line 1 31 31 366 350 2988 1988 4770841 6876829 25748780 27172963 301307 348953 252586 155353 31073514 34554098 3211355 3358810 0 0 19399465 20286620 33403 0 1442738 8067473 8867934 30711696 32513364 361818 2040734 131851106 132441068 36219260 35398568 95631846 97042500 X The Francis W. Parker School (Parker) educates students to think and act with empathy, courage and clarity as responsible citizens and leaders in a democratic society and global community. 0 0 26059250 3224157 25486721 See Schedule OWe are deliberately composed of a diverse group of people so that we can learn how to honor the dignity and experience of every human being. Our commitment to inclusion and integration makes us an intimate and expansive school aiming for all to feel free and safe and able to acquire knowledge and skills, explore our imaginations, share who we are becoming and embrace the diversity of identities, passions and ideas that shape humanity. We pursue educational excellence and creativity in order to know the pleasures of learning and the value of contributing to the progress and improvement of society. We affirm students and their capacity to thrive when they feel known, understood and appreciated by teachers and classmates. We believe scholarship, character and confidence grow when we are open to new questions, perspectives and information; when we lead with respect, civility and curiosity as we make reasoned judgments; when we collaborate and when we persevere with integrity in the face of challenge. Our culture of trust and authenticity nurtures an abiding sense of purpose and joy that drives our work toward insight, understanding and accomplishment. We are responsive in our approaches to teaching and mentoring so that each person can grow in intellectual, aesthetic, emotional and moral life. We encourage all to be resourceful as we learn from one another through spirited, rigorous and reflective engagement in mathematics, languages, the humanities, sciences, arts, athletics and community service. Our vision is grounded in our relationships with one another, inspiring us to stretch beyond current achievements, points of view and disciplines. Our standards for inquiry reach from the classroom to life throughout the school, guiding each of us to do our best as we find meaning in what we learn. We hold that a Parker education is a privilege that carries responsibility. We call on all to participate with self-discipline, independence of mind and collaborative spirit. We expect each of us to come prepared to learn and to support Parker's approach to education, human development and community. Our purpose is to inspire our students to apply their skills, thoughts and values to make the world just, beautiful and interesting. The people of Francis W. Parker School educate students to connect reflection with action, wisdom with innovation, deeds with consequences, and character with citizenship. In these ways, Parker stands as a progressive school, dedicated to the growth and development of the whole person, on behalf of our democratic society and the wider world. 1395675 134653 1307009 Parker also offers certain other auxiliary programs which are used to supplement the general education of the school in making certain that the mission of the school can be achieved by all students. These programs include the schools extended day program, food service and music lessons. All of the auxiliary programs are overseen by the administration of the school and are staffed with school employees or professionals in the field of study. The food service of the school is overseen by a third party provider which specializes in food preparation and service with direct oversight of the school. 229998 379233 Parker offers a Summer Camp program in accordance with the schools' overall exempt mission. This camp offers a safe, nurturing recreational opportunity for children in the neighboring community. The staff for the camp is composed of Parker faculty and students or former students who adhere to the overall mission of the school to guarantee an enriching experience for all camp participants. 27684923 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 74 0 1 366 1 1 1 0 0 0 0 1 1 0 0 0 0 X 31 31 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X Robert Haugh CFO 7737975501 330 W Webster Avenue Chicago IL 60614 Jonathan Marks 1.00 X X 0 0 0 Andy Lansing 1.00 X X 0 0 0 Heidi Wagman 1.00 X X 0 0 0 Matt Moog 1.00 X X 0 0 0 Martha Gardner 1.00 X X 0 0 0 Albert Bennett 1.00 X 0 0 0 Eric Bruozis 1.00 X 0 0 0 Marcy Carlin 1.00 X 0 0 0 John Ettelson 1.00 X 0 0 0 Margery Kamin Feitler 1.00 X 0 0 0 Tim Friedman 1.00 X 0 0 0 Geoffrey Gist 1.00 X 0 0 0 Brent Gledhill 1.00 X 0 0 0 Diane Goodman 1.00 X 0 0 0 Kim Kamin 1.00 X 0 0 0 Deborah Schrayer Karmin 1.00 X 0 0 0 Andrea Kayne Kaufman 1.00 X 0 0 0 John G Levi 1.00 X 0 0 0 Stephanie Lieber 1.00 X 0 0 0 Tracey Mabrey 1.00 X 0 0 0 Barbara Goodman Manilow 1.00 X 0 0 0 Josh Mintz 1.00 X 0 0 0 John Mrowiec 1.00 X 0 0 0 Langdon Neal 1.00 X 0 0 0 Mari Philipsborn 1.00 X 0 0 0 Keith Rudman 1.00 X 0 0 0 Shira Saville 1.00 X 0 0 0 Keith Struve 1.00 X 0 0 0 Diane Tarshis 1.00 X 0 0 0 John VanderLinden 1.00 X 0 0 0 F Euclid Walker 1.00 X 0 0 0 Daniel Frank 50.00 X 428998 0 36995 Robert Haugh 50.00 X 258987 0 36892 Thomas Rosenbluth 50.00 X 149427 0 29353 Regina F Rodriguez 50.00 X 142532 0 65315 Jeanne Barr 50.00 X 103289 0 64178 Damian Jones 50.00 X 132600 0 60206 Janice Zoufal 50.00 X 112987 0 46555 1328820 0 339494 30 0 1 0 Quest Food Management Services 2500 South Highland Suite 250 Lombard IL 60148 Food Services 611280 Sidley Austin LLP One South Dearborn Chicago IL 60603 Legal Services 301857 Total Janitorial Service Inc 2029 West Grand Ave Chicago IL 60612 Custodian Services 207777 Nagle Hartray & Associates 30 West Monroe St Chicago IL 60603 Construction Services 114622 4 1123581 5753248 388613 6876829 Tuition & Fees 611110 25486721 25486721 Auxiliary Services 611600 1307009 164376 1142633 Summer Camp 624100 379233 379233 27172963 348953 2988 345965 197503 42150 155353 155353 155353 290623 1123581 290623 0 34554098 26030330 2988 1643951 3358810 3358810 784737 439918 249720 95099 15032810 12736647 1661403 634760 1139105 979654 118907 40544 2255276 1843876 276868 134532 1074692 909242 125464 39986 45911 45911 53850 53850 35511 35511 352694 320975 31719 73541 8285 64080 1176 627943 461530 85228 81185 205793 154345 30869 20579 1359802 1345874 13928 49080 19317 249 29514 14051 11713 2338 169062 162300 6762 2305048 2212846 92202 237554 228052 9502 Student Support Service 1920720 1920720 Bond Cost (non-interest 594603 570819 23784 Bad Debt Expense 302461 99032 203429 Food Service 227761 227761 292549 130615 161934 32513364 27684923 3385703 1442738 75110 100731 5656273 6345210 15252395 14252403 94735 31900 308474 329234 88900152 23509937 65767098 65390215 13808116 13772472 30684467 32025972 204438 192931 131851106 132441068 1515144 2043731 3955972 3275461 23700000 23700000 48144 58321 7000000 6000000 0 321055 36219260 35398568 X 55367306 55500265 17230411 16850751 23034129 24691484 95631846 97042500 131851106 132441068 X 2040734 -630080 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 48144 10177 58321 1 34165117 1657355 -207030 507287 35108155 28368571 1065071 5053955 322480 34165117 25829932 397394 2440616 299371 28368571 28115441 1458353 -3361866 381996 25829932 0.01680 0.70330 0.27990 0 0 1492541 1492541 76920891 16705064 60215827 10486720 6804873 3681847 65390215 Hedged Equity Funds 8291795 F Absolute Return Equity 8425076 F Large Cap Equity 7449281 F International Equity 5761907 F Real Assets 2097913 F 32025972 Interest-rate swap agreement 321055 321055 34554098 32513364 2040734 -630080 -630080 1410654 30968643 -630080 332773 -297307 31265950 3288148 3288148 34554098 29557989 332773 332773 29225216 3288148 3288148 32513364 Part IV, Line 2b: Included in cash and cash equivalents at June 30, 2012 and 2011 are $58,321 and $48,144, respectively, which are held as agent for the Parents' Association and other organizations. The corresponding liabilities are included on the Form 990, Part X, line 21. Description of Intended Use of Endowment Funds: Part V, Line 4: The endowment fund is used to supplement the operations of the school, which includes the awarding of financial aid. These funds are used to supplement tuition revenue and donations given to the school. Description of Uncertain Tax Positions Under FIN 48: Part X: The School, an Illinois nonprofit corporation, is exempt under Section 501(c)(3) of the Internal Revenue Code and applicable state law, except for taxes pertaining to unrelated business income, if any. The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the School may recognize the tax benefit from an uncertain tax position only if it is more-likely-than-not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the School and various positions related to the potential sources of unrelated business taxable income. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. At June 30, 2012 and 2011, there were no unrecognized tax benefits identified or recorded as liabilities. The School files Forms 990 in the U.S. federal jurisdiction and the State of Illinois. The School is no longer subject to examination by the Internal Revenue Service for tax years before 2009. Part XII, Line 2d - Other Adjustments: Fundraising Expenses 290,623. Rental Expenses 42,150. Part XII, Line 4b - Other Adjustments: Financial Aid 3,288,148. Part XIII, Line 2d - Other Adjustments: Fundraising Expense 290,623. Rental Expenses 42,150. Part XIII, Line 4b - Other Adjustments: Financial Aid 3,288,148. 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 non-discriminatory policy in newspapers that have general circulation in the greater metropolitan Chicago area in accordance with federal regulations. Auction 1358326 1076659 281667 281667 Garage Sale 55878 46922 8956 8956 1414204 1123581 290623 290623 290623 0 1 Financial Assistance 164 3358810 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The School awards need-based financial assistance to students through tuition discounts. The School uses a third-party vendor to annually assess each family's need. This assessment is used to assist the Financial Aid Committee during their review and decision making. X X 0 0 0 0 0 0 0 0 0 Daniel Frank 358498 0 70000 0 500 0 20200 0 16795 0 465993 0 0 0 Robert Haugh 227087 0 23000 0 8900 0 20200 0 16692 0 295879 0 0 0 Thomas Rosenbluth 148927 0 0 0 500 0 12735 0 16618 0 178780 0 0 0 Regina F Rodriguez 134532 0 7500 0 500 0 12036 0 53279 0 207847 0 0 0 Jeanne Barr 96464 0 0 0 6825 0 8327 0 55851 0 167467 0 0 0 Damian Jones 122100 0 10000 0 500 0 10608 0 49598 0 192806 0 0 0 Janice Zoufal 99726 0 0 0 13261 0 8633 0 37922 0 159542 0 0 0 X 25 388613 Market quote 0 0 1 0 Method for Determining Number of Contributors: Part I, Column (b): is the number of contributors. Form 990, Part VI, Section B, line 11 The Chair of Parker's finance committee reviews the Form 990 with the organization's independent tax preparer and Parker's CFO. The Chair of the Finance Committee then reports on his review to the Board's President and Executive Committee. Form 990, Part VI, Section B, line 12c Conflict of Interest statements are collected from Parker's trustees each year and are reviewed by the President of the Board. Should a trustee report a conflict of interest on a give matter, that trustee is not allowed to take part in any discussion or to vote on any matter related to such conflict. Form 990, Part VI, Section B, line 15a The executive committee of the Board of Directors is responsible for reviewing and approving the compensation package of the organization's top management official. To determine compensation for the top management official, the executive committee utilizes local and national independent school compensation benchmarking. The executive committee also uses the Form 990's of other organizations with similar activities and size. The final compensation determination is outlined in a written employment contract. This process was last undertaken in 2010 for the organization's top management official, Principal Daniel Frank. Compensation of other officers or key employees is determined by the Principal using local and national independent school compensation benchmarking. Form 990, Part VI, Section C, line 19 Financial statements, governing documents and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -630,080.