2013-12-12T12:15:02-06:00 2013-07-31 362985665 WOLF & COMPANY LLP 1901 S MEYERS RD SUITE 500 OAKBROOK TERRACE IL 601815209 990 2012-08-01 362535895 NEAR NORTH MONTESSORI SCHOOL NEAR 7733841434 1434 WEST DIVISION STREET CHICAGO IL 60642 EDDIE GERSHMAN 7733841434 2013-12-06 1 SCOTT C TERMINE P00137961 6305454500 2012 2015-11-30 17:44:51Z AUDREY PERROTT 1434 WEST DIVISION STREET CHICAGO IL 60642 10099235 0 X WWW.NNMS.ORG X 1963 IL NEAR NORTH MONTESSORI EDUCATES THE HUMAN POTENTIAL THROUGH A PARTNERSHIP BETWEEN HOME AND SCHOOL THAT FOSTERS INTELLECTUAL GROWTH, INDEPENDENCE, RESPONSIBILITY, AND A SENSE OF SELF-WORTH. 17 17 147 750 0 0 869767 530202 8740381 9024175 129474 127825 286635 292987 10026257 9975189 574314 645404 0 0 5987938 6352684 0 0 404364 2305684 2732467 8867936 9730555 1158321 244634 26713645 27527967 12493504 12404822 14220141 15123145 NEAR NORTH MONTESSORI EDUCATES THE HUMAN POTENTIAL THROUGH A PARTNERSHIP BETWEEN HOME AND SCHOOL THAT FOSTERS INTELLECTUAL GROWTH, INDEPENDENCE, RESPONSIBILITY AND A SENSE OF SELF-WORTH. 0 0 7934701 645404 9024175 TUITION AND RELATED FEES TO PROVIDE PRE-SCHOOL AND PRIMARY GRAMMAR SCHOOL EDUCATION. 7934701 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 27 0 1 147 1 0 0 0 0 0 1 1 0 0 0 0 X 17 17 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X LINDA RUDNICK 7733841434 1434 WEST DIVISION CHICAGO IL 60642 JERRY KRULEWITCH 2.00 X X 0 0 0 EDDIE GERSHMAN 1.00 X X 0 0 0 DAVID MORRISON 1.00 X X 0 0 0 LOIS SCOTT 1.00 X X 0 0 0 SHERMAN WRIGHT 1.00 X 0 0 0 ALINA COWDEN 1.00 X 0 0 0 CHARLES HUNTER 2.00 X 0 0 0 MICHAEL LUCAS 1.00 X 0 0 0 GORDON PAN 1.00 X 0 0 0 ROC RONEY 1.00 X 0 0 0 RICK MOSHER 40.00 X 58556 0 14474 AUDREY PERROTT 40.00 X 161990 0 12119 KEVIN ANGELES 1.00 X 0 0 0 SARAH NORRIS 1.00 X 0 0 0 DOUG YERKES 1.00 X 0 0 0 THOMAS MCDONALD 1.00 X 0 0 0 MIRIAM KLEVAN 1.00 X 0 0 0 DON MIZERK 1.00 X 0 0 0 ANNIE STONE 40.00 X 48352 0 6153 MIEKO YOSHIDA 40.00 X 124956 0 14538 LINDA RUDNICK 40.00 X 121924 0 6037 DIANE COHEN 40.00 X 102760 0 8444 618538 0 61765 4 0 1 0 0 530202 530202 TUITION & FEES 611110 9024175 9024175 9024175 126811 126811 55000 53986 1014 1014 1014 363047 70060 292987 292987 9975189 9024175 0 420812 645404 645404 5090857 3840279 959578 291000 162960 123688 35075 4197 705258 570964 100892 33402 393609 296021 76532 21056 59950 59950 455236 395923 31130 28183 107690 106075 969 646 50846 37228 3566 10052 417114 410857 3754 2503 740349 729244 6663 4442 55855 55017 503 335 ACTIVITIES 288149 288149 REPAIRS AND MAINTENANCE 160004 157604 1440 960 CONSULTANTS 136094 96315 36558 3221 BANK FEES 72290 72290 188890 181933 2590 4367 9730555 7934701 1391490 404364 200 200 3025635 4271715 925153 453842 145258 58959 29010 28031 149012 187827 22131142 3973941 18884149 18157201 3555228 4370192 26713645 27527967 710103 511249 783401 893573 11000000 11000000 12493504 12404822 X 14203733 15110979 11768 6226 4640 5940 14220141 15123145 26713645 27527967 244634 658370 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2988484 2300 773407 3764191 2987204 2250 -970 2988484 2582508 2825 401871 2987204 2349843 9526 223139 2582508 2510010 37923 -198090 2349843 0.99840 0.00160 0 0 325000 325000 1003807 1003807 0 19718795 2358608 17360187 684107 549889 134218 399433 61637 337796 18157201 9988155 658370 -645404 12966 9975189 0 9975189 9085151 -645404 -645404 9730555 0 9730555 PART XI LINE 2D - 'GRANT' FOR STUDENTS WITH FINANCIAL NEED PART XII LINE 2D - GRANT EXPENSE ISSUED TO STUDENTS BASED ON FINANCIAL NEED 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 VIA WEBSITE, BROCHURES, LITERATURE AND MEDIA PUBLICITY. THE BIG NIGHT 314685 314685 0 26626 27593 HALLOWEEN PARTY 20501 20501 0 812 1130 1222 2 27861 27861 12677 363047 363047 27438 1130 41492 70060 292987 1 SCHOLARSHIPS 92 645404 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: APPLICANTS ARE REQUIRED TO SUBMIT AN APPLICATION AND PROVIDE THEIR TAX RETURNS. ALL APPLICATIONS ARE REVIEWED TO DETERMINE NEED AND ALL INFORMATION, INCLUDING NOTES, ARE RETAINED ON AN ELECTRONIC FILING SYSTEM. X X X X 0 0 0 0 0 0 0 0 0 AUDREY PERROTT 161990 0 0 0 0 0 7448 0 4671 0 174109 0 0 0 A ILLINOIS FINANCE AUTHORITY REVENUE BOND 861091967 2009-05-27 12000000 SEE PART V 0 0 0 A 12000000 12000000 2012 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 SCHEDULE K PURPOSE OF ISSUE DESCRIPTION RENOVATION OF A 4-STORY SCHOOL BUILDING LOCATED AT 1434 WEST DIVISION, INCLUDING REPLACEMENT OF HEATING SYSTEM, VENTILATION, ELECTRICAL AND SPRINKLER SYSTEM IMPROVEMENTS AND ADDITIONAL CLASSROOM, BATHROOM AND RELATED FACILITIES, AND CONSTRUCTION OF A NEW GYMNASIUM IMMEDIATELY ADJACENT TO THE SCHOOL BUILDING. ON MAY 27, 2009, THE ILLINOIS FINANCE AUTHORITY ISSUED $12,000,000 OF EDUCATIONAL FACILITY REVENUE BOND SERIES 2009 TO MB FINANCIAL BANK IN ORDER TO LOAN THE PROCEEDS OF THE BOND TO NEAR NORTH MONTESSORI SCHOOL FOR THE PURPOSE OF FINANCING OR REIMBURSING CERTAIN COSTS OF THE FACILITIES. ON DECEMBER 21, 2011, $10,000,000 OF THE ORIGINAL BOND ISSUE WAS REISSUED AS A NEW EDUCATIONAL FACILITY REVENUE BOND, AMENDED SERIES 2009. ADDITIONALLY ON JANUARY 13, 2012, $1,000,000 OF THE ORIGINAL BOND ISSUE WAS REISSUED AS A NEW EDUCATIONAL FACILITY REVENUE BOND, 2012 AMENDED SERIES 2009. AT JULY 31, 2013 AND 2012, $11,000,000 IS OUTSTANDING ON BONDS PAYABLE. NEED BASED SCHOLARSHIP 15000 FORM 990, PART VI, SECTION A, LINE 4 REVISION TO BYLAWS THE BYLAWS WERE AMENDED ON MAY 20, 2013, WITH THE FOLLOWING REVISIONS: CLASSROOM TEACHERS ARE NO LONGER MEMBERS OF THE BOARD OF DIRECTORS; PREVIOUSLY THERE WERE TWO SUCH MEMBERS; THE EXECUTIVE DIRECTOR WILL NOW SERVE AS AN EX-OFFICIO NON-VOTING MEMBER OF THE BOARD OF DIRECTORS; PREVIOUSLY WAS AN EX-OFFICIO VOTING MEMBER; THE EXECUTIVE DIRECTOR IS NO LONGER A MEMBER OF THE EXECUTIVE COMMITTEE; ADDED EMAIL AS A FORM OF COMMUNICATION FOR DISTRIBUTION OF BALLOTS FOR THE ELECTION OF MEMBERS OF THE BOARD OF DIRECTORS, AND FOR APPROVAL AND RATIFICATIONS OF AMENDMENTS TO THE BYLAWS. THE PURPOSE OF THE CHANGES RELATING TO THE COMPOSITION OF THE BOARD WAS TO BE MORE CONSISTENT WITH THE ORGANIZATIONAL STRUCTURE AS RECOMMENDED BY ISACS (INDEPENDENT SCHOOLS ASSOCIATION OF THE CENTRAL STATES), FROM WHOM THE SCHOOL RECEIVED ACCREDITATION IN 2013. FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE DIRECTOR RECEIVES THE COMPLETE FORM 990 FROM THE ACCOUNTING FIRM. THE FINANCE DIRECTOR REVIEWS THE FORM FOR ACCURACY AND SUBMITS THE COMPLETED FORM TO THE CHAIR OF THE AUDIT COMMITTEE, WHO REVIEWS THE FORM FOR ACCURACY. AFTER THE CHAIR OF THE AUDIT COMMITTEE AND THE FINANCE DIRECTOR HAVE COMPLETED THEIR REVIEW, FORM 990 IS MADE AVAILABLE BY EMAIL TO THE ENTIRE BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENT. THE AUDIT AND THE FORM 990 ARE PRESENTED BY THE OUTSIDE AUDITOR AND AUDIT COMMITTEE CHAIR TO THE FULL BOARD (OR TO THE EXECUTIVE COMMITTEE WITH BOARD APPROVAL). UPON BOARD OR EXECUTIVE COMMITTEE APPROVAL OF THE AUDIT REPORT AND FORM 990, THE BOARD PRESIDENT SIGNS BOTH THE FEDERAL AND STATE RETURNS TO BE FILED IN A TIMELY MANNER. FORM 990, PART VI, SECTION B, LINE 12C IN SEPTEMBER OF EACH YEAR, THE FINANCE DIRECTOR DISTRIBUTES THE CONFLICT OF INTEREST POLICY AND THE ANNUAL AFFIRMATION FORM TO ALL INTERESTED PERSONS. (I.E. VOTING MEMBERS OF THE BOARD, VOTING MEMBERS OF ANY COMMITTEES OF THE BOARD; THE SCHOOL'S EXECUTIVE DIRECTOR, FINANCE DIRECTOR, OPERATIONS AND FACILITIES DIRECTOR, DEVELOPMENT DIRECTOR, LOWER SCHOOL DIRECTOR, ELEMENTARY SCHOOL DIRECTOR AND UPPER SCHOOL DIRECTOR). THE ANNUAL AFFIRMATION FORM IS SIGNED BY ALL INTERESTED PERSONS, AFFIRMING THAT THE INDIVIDUAL RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; THAT THEY HAVE READ THE POLICY; THAT THEY AGREE TO COMPLY WITH THE POLICY AND THAT THEY UNDERSTAND THAT THE SCHOOL IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE IN ACTIVITIES WHICH PRIMARILY ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES. THE SIGNED FORM IS GIVEN TO THE FINANCE DIRECTOR, WHO CHECKS TO MAKE SURE THE FORMS ARE ALL AFFIRMATIVE, AND THEN MAINTAINS THE FORMS ON FILE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIAL: THE EXECUTIVE COMMITTEE OF THE SCHOOL'S BOARD OF DIRECTORS WHICH INCLUDES THE PRESIDENT OF THE BOARD (WITH ASSISTANCE FROM THE HUMAN RESOURCES DIRECTOR AND THE FINANCE DIRECTOR, WHEN APPLICABLE), LEADS THE PROCESS TO MARKET PRICE THE JOB OF THE EXECUTIVE DIRECTOR. THIS PROCESS IS FOLLOWED WHEN AN EXECUTIVE DIRECTOR IS HIRED AS WELL AS EACH TIME AN EXECUTIVE DIRECTOR'S CONTRACT IS RENEWED. THIS PROCESS CONSISTS OF 1) GATHERING COMPENSATION DATA FROM COMPARABLE DATA SOURCES, ENSURING THAT APPLICABLE JOB PERFORMANCE IS TAKEN INTO ACCOUNT; 2) DETERMINING A WAGE CONSISTENT WITH THOSE FINDINGS WHILE ENSURING THAT THE RESULTING COMPENSATION FALLS WITHIN THE BOARD APPROVED BUDGET FOR STAFF EXPENSES; 3) PRESENTING A RECOMMENDATION TO THE BOARD OF DIRECTORS AS TO THE COMPENSATION OF THE EXECUTIVE DIRECTOR FOR APPROVAL BY THE BOARD; AND 4) DOCUMENTING THE DECISION OF THE BOARD IN THE BOARD MINUTES. DISCUSSION OF COMPENSATION IS HELD IN A CLOSED SESSION OF THE BOARD OF DIRECTORS. OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION: THE COMPENSATION COMMITTEE OF THE SCHOOLS BOARD OF DIRECTORS, WITH ASSISTANCE FROM THE HUMAN RESOURCES DIRECTOR AND THE FINANCE DIRECTOR, LEAD THE PROCESS TO MARKET PRICE THE JOBS OF OTHER DIRECTORS OR KEY EMPLOYEES. THIS PROCESS IS FOLLOWED WHEN A DIRECTOR/KEY EMPLOYEE IS HIRED AS WELL AS EACH TIME A DIRECTOR/KEY EMPLOYEES SALARY IS ADJUSTED. THIS PROCESS CONSISTS OF GATHERING COMPENSATION DATA FROM COMPARABLE DATA SOURCES, ENSURING THAT APPLICABLE JOB PERFORMANCE IS TAKEN INTO ACCOUNT, AND ULTIMATELY DETERMINING A WAGE CONSISTENT WITH THOSE FINDINGS WHILE ENSURING THAT THE RESULTING COMPENSATION FALLS WITHIN THE BOARD APPROVED BUDGET FOR STAFF EXPENSES. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AND THE FORM 1023 ARE AVAILABLE TO THE PUBLIC UPON REQUEST. PDF VERSIONS ARE AVAILABLE AT NO CHARGE AND WILL BE PROVIDED WITHIN 3 BUSINESS DAYS OF THE REQUEST (OR AS SOON AS ADMINISTRATIVELY POSSIBLE). PRINTED COPIES WILL BE PROVIDED WITHIN 5 BUSINESS DAYS OF THE REQUEST (OR AS SOON AS ADMINISTRATIVELY POSSIBLE). THE SCHOOL RESERVES THE RIGHT TO CHARGE A REASONABLE COPYING FEE PLUS POSTAGE FOR REQUESTS FOR PRINTED COPIES. CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO CONSTITUENTS IN SEPTEMBER OF EACH YEAR, AND IS AVAILABLE TO ANY INTERESTED PARTY BY REQUEST. AUDITED FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED JULY 31 ARE PRESENTED AT THE NOVEMBER OR DECEMBER BOARD MEETING. BOARD MEETINGS ARE OPEN TO CONSTITUENTS, EXCEPT WHEN NOTED AS A CLOSED SESSION. A COPY OF THE MINUTES TO BOARD MEETINGS ARE AVAILABLE AS ABOVE. NO CHANGE IN PROCESS.