CHICAGO PUBLIC EDUCATION FUND: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- CHICAGO PUBLIC EDUCATION FUND (EIN 36-4279013)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-08-23
- IRS object ID
- 201222369349300617
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule I
- Schedule J
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-08-23T13:57:37-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410746749 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1301 W 22ND ST STE 1100 | AddressLine1 |
| City | OAK BROOK | City |
| State | IL | State |
| ZIP Code | 60523 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 364279013 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHICAGO PUBLIC EDUCATION FUND | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CHIC | NameControl |
| Phone | 3125584500 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 WEST ADAMS STE 2150 | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 606065230 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | PATRICK HAUGH | Name |
| Title | PRESIDENT & CEO | Title |
| Phone | 3125584500 | Phone |
| Date Signed | 2012-08-20 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | GREGORY S ADAMS | Name |
| PTIN | P00095559 | PTIN |
| Phone | 6305738600 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | HEATHER ANICHINI | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 WEST ADAMS STE 2150 | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 606065230 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 415435 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.THEFUNDCHICAGO.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1999 | YearFormation |
| State Legal Domicile | IL | StateLegalDomicile |
| Activity Or Mission Description | THE CHICAGO PUBLIC EDUCATION FUND (THE FUND) SEEKS TO ACCELERATE ACHIEVEMENT FOR ALL CHICAGO PUBLIC SCHOOL STUDENTS BY BUILDING TEAMS OF TALENTED PRINCIPALS AND TEACHERS. USING AN INNOVATIVE VENTURE PHILATHROPY MODEL, THE FUND SERVES AS A CATALYST AND STRATEGIC INVESTMENT PARTNER TO BUSINESSES, FOUNDATIONS, CIVIC AND COMMUNITY LEADERS, AND THE CHICAGO PUBLIC SCHOOLS IN SUPPORTING HIGH-IMPACT PROGRAMS THAT IMPROVE SCHOOL LEADERSHIP AND STUDENT ACHIEVEMENT DISTRICT-WIDE. THE FUND MAKES SIGNIFICANT FINANCIAL CONTRIBUTIONS TO THE PROGRAMS IT SUPPORTS, AND IT ALSO PROVIDES CONSIDERABLE STRATEGIC OPERATING AND MANAGEMENT ASSISTANCE, OFTEN HELPING PROGRAMS CREATE STRATEGIC AND/OR MARKETING PLANS, HIRE MANAGEMENT TEAMS, RECRUIT BOARD MEMBERS, AND IDENTIFY ADDITIONAL SOURCES OF FINANCIAL SUPPORT. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 18 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 17 | NbrIndependentVotingMembers |
| Total Nbr Employees | 14 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 2083591 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 406124 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 40472 | InvestmentIncomePriorYear |
| Investment Income Current Year | 9311 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 2124063 | TotalRevenuePriorYear |
| Total Revenue Current Year | 415435 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 891709 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 763962 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1819022 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1800709 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 114703 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 741476 | OtherExpensePriorYear |
| Other Expenses Current Year | 734286 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 3452207 | TotalExpensesPriorYear |
| Total Expenses Current Year | 3298957 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -1328144 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -2883522 | RevenuesLessExpensesCY |
| Total Assets BOY | 14161504 | TotalAssetsBOY |
| Total Assets EOY | 11280042 | TotalAssetsEOY |
| Total Liabilities BOY | 258122 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 260729 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 13903382 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 11019313 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE CHICAGO PUBLIC EDUCATION FUND (THE FUND) SEEKS TO ACCELERATE ACHIEVEMENT FOR ALL CHICAGO PUBLIC SCHOOL STUDENTS BY BUILDING TEAMS OF TALENTED PRINCIPALS AND TEACHERS. USING AN INNOVATIVE VENTURE PHILATHROPY MODEL, THE FUND SERVES AS A CATALYST AND STRATEGIC INVESTMENT PARTNER TO BUSINESSES, FOUNDATIONS, CIVIC AND COMMUNITY LEADERS, AND THE CHICAGO PUBLIC SCHOOLS IN SUPPORTING HIGH-IMPACT PROGRAMS THAT IMPROVE SCHOOL LEADERSHIP AND STUDENT ACHIEVEMENT DISTRICT-WIDE. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 1113830 | Expense |
| Grants | 290758 | Grants |
| Description | HUMAN CAPITAL STRATEGYILLINOIS LEGISLATION REQUIRES AN EVALUATION SYSTEM THAT INCLUDES STUDENT GROWTH MEASURES AS A SIGNIFICANT COMPONENT FOR ALL TEACHERS TO BE IMPLEMENTED IN AT LEAST 300 CPS SCHOOLS BY SEPTEMBER 2012. TO THAT END, THROUGHOUT THE FIRST HALF OF 2011, THE FUND CONVENED REGULAR MEETINGS OF FUND BOARD AND STAFF MEMBERS, CPS LEADERSHIP, AND EXTERNAL EXPERTS TO DISCUSS KEY ISSUES AROUND A NEW TEACHER EVALUATION SYSTEM FOR ALL CPS TEACHERS. FUND STAFF AND DIRECTORS THEN PRESENTED A RECOMMENDATION TO THE INCOMING CPS LEADERSHIP TEAM IN JUNE. SINCE THEN, THE FUND HAS CONTINUED TO ASSIST WITH THE DEVELOPMENT OF A NEW EVALUATION SYSTEM THROUGH AN INVESTMENT IN THE UNIVERSITY OF CHICAGO URBAN EDUCATION INSTITUTE. THE FUND ALSO ASSISTED CPS IN REDEFINING SOME OF THE DISTRICT'S SENIOR LEADERSHIP POSITIONS, LED NATIONAL SEARCHES, AND PROVIDED ON-BOARDING SERVICES FOR SELECT NEW CPS EXECUTIVES. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1031974 | Expense |
| Grants | 270000 | Grants |
| Description | NATIONAL BOARD CERTIFICATION FOR EDUCATIONAL LEADERSIN 2008, THE FUND PROVIDED THE SEED INVESTMENT AND BEGAN TO PROVIDE STRATEGIC MANAGEMENT SUPPORT TO THE NATIONAL BOARD FOR PROFESSIONAL TEACHING STANDARDS (NBPTS) TO DEVELOP THE FIRST-EVER MASTER PRINCIPAL CERTIFICATE, NBCEL. NBPTS AGREED TO FIELD TEST AND PILOT NBCEL AT CHICAGO PUBLIC SCHOOLS, MAKING CHICAGO PRINCIPALS AMONG THE FIRST IN THE NATION TO PARTICIPATE AND KEEPING CHICAGO ON THE FOREFRONT OF HUMAN CAPITAL INNOVATION. DURING 2011, THE FUND WORKED WITH NBPTS TO SUCCESSFULLY PILOT THE CERTIFICATE PROGRAM, WHICH BEGAN IN THE FALL. 377 DISTRICTS ARE PARTICIPATING IN THE PILOT PROGRAM, AND 33 CPS PRINCIPALS WERE ACTIVE IN THE PILOT. THE PILOT TEST IS EXPECTED TO BE COMPLETED IN THE FIRST QUARTER OF 2013. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 479444 | Expense |
| Grants | 125000 | Grants |
| Description | LEADERSHIP, EFFECTIVE TEACHERS, AND NEXT GENERATION LEARNING OPTIONSDURING 2011, WORKING IN CONCERT WITH CHICAGO PUBLIC SCHOOLS, THE FUND IDENTIFIED THREE KEY LEVERS TO HELP EDUCATORS PRODUCE BETTER OUTCOMES FOR STUDENTS: LEADERSHIP - CREATE A CADRE OF TRANSFORMATIONAL SCHOOLS CHIEFS AND PRINCIPALS WHO DRIVE HIGH ACHIEVEMENT IN NETWORKS AND SCHOOLS: THE FUND SEEDED THE NATION'S FIRST-EVER DISTRICT-SPECIFIC SUPERINTENDENTS ACADEMY TO MEET THE LEADERSHIP CHALLENGES OF CURRENT AND FUTURE SCHOOLS CHIEFS. 19 CPS SCHOOLS CHIEFS ARE EACH RESPONSIBLE FOR OVERSEEING A NETWORK CONSISTING OF AROUND 30 ELEMENTARY SCHOOLS OR AROUND 15 HIGH SCHOOLS IN A GIVEN GEOGRAPHIC REGION OF THE CITY. THESE CHIEFS ARE CRITICAL TO MANAGING A DISTRICT WITH OVER 600 SCHOOLS TO CONTINUE TO DRIVE IMPROVEMENT IN INDIVIDUAL SCHOOLS AND ENSURE ALIGNMENT WITH DISTRICT GOALS AND PRIORITIES. IN MANY WAYS, THESE CHIEFS SERVE AS SUPERINTENDENTS OF LARGE DISTRICTS. TO MEET THIS CRITICAL LEADERSHIP NEED, THE CHICAGO EXECUTIVE LEADERSHIP ACADEMY DELIVERED INTENSIVE COACHING AND TRAINING ON CRITICAL COMPETENCIES - SYSTEM LEADERSHIP, ACCOUNTABILITY FOR STUDENT SUCCESS, BUILDING CAPACITY IN PRINCIPALS, COMMUNICATION AND POLITICAL SKILLS AND SUCCESSION PLANNING. EFFECTIVE TEACHERS - BUILD NEW STUDENT ASSESSMENTS AND TEACHER OBSERVATIONS TO BETTER MEASURE PERFORMANCE AND CUSTOMIZE SUPPORTS: BUILDING ON OUR WORK OVER THE PREVIOUS YEAR ASSISTING CPS WITH DEVELOPMENT OF A NEW TEACHER EVALUATION SYSTEM IN ACCORDANCE WITH NEW STATE GUIDELINES, THE FUND CONTRACTED WITH THE UNIVERSITY OF CHICAGO TO DEVELOP THE CPS ASSESSMENT AND ACCOUNTABILITY FUNCTION. THE PRIMARY GOAL WAS TO DESIGN A SYSTEM OF ASSESSMENTS TIED TO COLLEGE AND CAREER READINESS THAT INFORM TEACHER, PRINCIPAL, AND SCHOOL PERFORMANCE RATINGS AND POLICIES. IN APRIL 2012, THE RECOMMENDATIONS AROUND TEACHER EVALUATION WERE COMPLETED, AND INTEGRATED INTO THE NEW CPS TEACHER EVALUATION FRAMEWORK.NEXT GENERATION LEARNING OPTIONS - REINVENT CLASSROOMS SO TEACHERS CAN PERSONALIZE INSTRUCTION FOR MAXIMUM LEARNING AND ENGAGEMENT: TO FACILITATE THE IDENTIFICATION AND SELECTION OF NEW SCHOOL MODELS AND APPROACHES, THE FUND ENGAGED WITH THE PARTHENON GROUP TO CONDUCT AN ANALYSIS OF PROGRAM COSTS AND BENEFITS (AS MEASURED BY STUDENT GROWTH) FOR WHOLE-SCHOOL AND PARTIAL-SCHOOL EDUCATIONAL MODELS ACROSS CPS. THIS EFFORT WAS THE FIRST SYSTEMIC CALCULATION OF A RETURN-ON-INVESTMENT BY CPS, AND THE DATA WILL BE USED TO GUIDE A 10-YEAR STRATEGIC PLAN FOR THE DISTRICT. THIS ANALYSIS WILL ALSO LEAD TO A DECISION-MAKING FRAMEWORK TO DEPLOY POTENTIAL NEXT GENERATION LEARNING OPTIONS - INNOVATIVE USES OF TIME, TECHNOLOGY, AND TALENT TO DRIVE STUDENT ACHIEVEMENT. THE FUND ALSO SEEDED THE LAUNCH OF NEW CLASSROOMS, A NATIONALLY RECOGNIZED TECH-ENABLED MATH PROGRAM IN GRADES 6-8 IN THREE CPS SCHOOLS (TWO TRADITIONAL AND ONE CHARTER), WHICH WILL BEGIN IMPLEMENTATION IN THE 2012-13 SCHOOL YEAR. NEW CLASSROOMS USES AN INNOVATIVE APPROACH TO MATH EDUCATION, IN WHICH STUDENTS RECEIVE CUSTOMIZED INSTRUCTION EACH DAY, FROM A COMBINATION OF TRADITIONAL LESSONS WITH A TEACHER, INDIVIDUAL TUTORING, SMALL GROUP WORK, AND COMPUTER USE. STUDENT PROGRESS IS TRACKED EACH DAY, AND EACH INDIVIDUALLY TAILORED LESSON PLAN IS ADJUSTED ACCORDINGLY. | Description |
Activity Other ActivityOther (2 entries)
| ExpenseExpense | GrantsGrants | DescriptionDescription |
|---|---|---|
| 298191 | 78204 | OTHER PROGRAM SERVICES |
| THE FUND GENERALLY DOES NOT RAISE FUNDS FOR A SPECIFIC PROGRAM SERVICE. INSTEAD, PROGRAM SERVICES ARE FUNDED THROUGH GENERAL OPERATING FUNDS. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 298191 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 78204 | TotalOfOtherProgramServiceGrnt |
| Total Program Service Expense | 2923439 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 3 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 14 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 18 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 17 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | IL | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JULIA MELLOW | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3125584500 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 WEST ADAMS SUITE 2150 | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 606065230 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (27 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| PENNY BENDER SEBRING | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| SUSAN CROWN | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| STEPHEN A CRUISE | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| ERIK FYRWALD | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| JILL GARLING | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| KENNETH GRIFFIN | |||||||
| VICE CHAIRMAN | 3.00 | X | 0 | 0 | 0 | X | |
| MELLODY HOBSON | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| TIMOTHY KNOWLES | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| JANET KNUPP | |||||||
| FOUNDING PRESIDENT & CEO | 40.00 | X | 313691 | 0 | 26788 | X | |
| BARBARA MALOTT-KIZZIAH | |||||||
| SECRETARY | 3.00 | X | 0 | 0 | 0 | X | |
| SIDDHARTH MEHTA | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| CLARE MUNANA | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| PENNY PRITZKER | |||||||
| PAST CHAIR | 1.00 | X | 0 | 0 | 0 | X | |
| BRUCE RAUNER | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| EDWARD RUST JR | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| RALPH RYDHOLM | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| PATRICIA SALDANA NATKE | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| JANA SCHREUDER | |||||||
| TREASURER | 3.00 | X | 0 | 0 | 0 | X | |
| TIMOTHY SCHWERTFEGER | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| BRIAN SIMMONS | |||||||
| CHAIR | 4.00 | X | 0 | 0 | 0 | X | |
| SCOTT SMITH | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| HELEN ZELL | |||||||
| VICE CHAIRMAN | 3.00 | X | 0 | 0 | 0 | X | |
| JASON CASCARINO | |||||||
| MANAGER | 40.00 | 231947 | 0 | 10719 | X | ||
| BILL CHAFETZ | |||||||
| MANAGER | 40.00 | 137158 | 0 | 8315 | X | ||
| TRACY DELL'ANGELA | |||||||
| DIRECTOR OF PROGRAM INVESTMENT AND STRATEGIC PARTN | 40.00 | 131432 | 0 | 8675 | X | ||
| PATRICK HAUGH | |||||||
| MANAGING DIRECTOR | 40.00 | 155250 | 0 | 6210 | X | ||
| BENJAMIN KUTYLO | |||||||
| COORDINATOR OF PROGRAM INVESTMENT & OPERATIONS | 40.00 | 124439 | 0 | 6185 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1093917 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 66892 | TotalOtherCompensation |
| Number Individuals GT100 K | 6 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (2 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| LORAN MARKETING GROUP | |||||
| 225 W ILLINOIS ST SUITE 300 | CHICAGO | IL | 60654 | TEACHER OUTREACH | 162725 |
| CRISTKOLDER ASSOCIATES LLC | |||||
| 21 W SECOND ST | HINSDALE | IL | 60521 | CPS CFO SEARCH | 101483 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 2 | NumberOfContractorsGT100K |
| All Other Contributions | 406124 | AllOtherContributions |
| Noncash Contributions | 24637 | NoncashContributions |
| Total Contributions | 406124 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 9311 | TotalRevenueColumn |
| Exclusion | $9,311 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 415435 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $9,311 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 763962 | Total |
| Program Services | 763962 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1160809 | Total |
| Program Services | 1033120 | ProgramServices |
| Management And General | 92865 | ManagementAndGeneral |
| Fundraising | 34824 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 377019 | Total |
| Program Services | 335547 | ProgramServices |
| Management And General | 30161 | ManagementAndGeneral |
| Fundraising | 11311 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8250 | Total |
| Program Services | 8250 | ProgramServices |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 167870 | Total |
| Program Services | 149404 | ProgramServices |
| Management And General | 13430 | ManagementAndGeneral |
| Fundraising | 5036 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 86761 | Total |
| Program Services | 77217 | ProgramServices |
| Management And General | 6941 | ManagementAndGeneral |
| Fundraising | 2603 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28306 | Total |
| Program Services | 8492 | ProgramServices |
| Management And General | 19814 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36960 | Total |
| Program Services | 14784 | ProgramServices |
| Management And General | 22176 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 105098 | Total |
| Program Services | 73505 | ProgramServices |
| Management And General | 31593 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22412 | Total |
| Program Services | 15688 | ProgramServices |
| Fundraising | 6724 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 93040 | Total |
| Program Services | 44145 | ProgramServices |
| Management And General | 6246 | ManagementAndGeneral |
| Fundraising | 42649 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 176292 | Total |
| Program Services | 155137 | ProgramServices |
| Management And General | 15866 | ManagementAndGeneral |
| Fundraising | 5289 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 29222 | Total |
| Program Services | 26300 | ProgramServices |
| Management And General | 2922 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 83280 | Total |
| Program Services | 73287 | ProgramServices |
| Management And General | 7495 | ManagementAndGeneral |
| Fundraising | 2498 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4464 | Total |
| Program Services | 3928 | ProgramServices |
| Management And General | 402 | ManagementAndGeneral |
| Fundraising | 134 | Fundraising |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| REPAIRS AND MAINTENANCE | 101119 | 88984 | 9101 | 3034 |
| PROGRAM SUPPORT | 34064 | 34064 | ||
| EQUIPMENT RENTAL | 20029 | 17625 | 1803 | 601 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3298957 | Total |
| Program Services | 2923439 | ProgramServices |
| Management And General | 260815 | ManagementAndGeneral |
| Fundraising | 114703 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 879534 | BOY |
| EOY | 1797890 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8072168 | BOY |
| EOY | 7561474 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5055661 | BOY |
| EOY | 1832513 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11114 | BOY |
| EOY | 9637 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 361447 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 287515 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 138431 | BOY |
| EOY | 73932 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4596 | BOY |
| EOY | 4596 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14161504 | BOY |
| EOY | 11280042 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 41591 | BOY |
| EOY | 77805 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 31000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 216531 | BOY |
| EOY | 151924 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 258122 | BOY |
| EOY | 260729 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8922743 | BOY |
| EOY | 9874298 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4980639 | BOY |
| EOY | 1145015 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13903382 | BOY |
| EOY | 11019313 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14161504 | BOY |
| EOY | 11280042 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -2883522 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -547 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 5547638 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 16401706 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 708951 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2083591 | CurrentTaxYearMinus1Year |
| Current Tax Year | 406124 | CurrentTaxYear |
| Total | 25148010 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 5547638 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 16401706 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 708951 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2083591 | CurrentTaxYearMinus1Year |
| Current Tax Year | 406124 | CurrentTaxYear |
| Total | 25148010 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 11101575 | AmountsSubstContributorsTotal |
| Public Support Total170 | 14046435 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 265859 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 144939 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 122508 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 40472 | CurrentTaxYearMinus1Year |
| Current Tax Year | 9311 | CurrentTaxYear |
| Total | 583089 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 25731099 | TotalSupport |
| Public Support Pertcentage170 | 0.54590 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.57200 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
Other Exempt Purpose Expenditures OtherExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 3298957 | FilingOrganizationsTotals |
Total Exempt Purpose Expenditures TotalExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 3298957 | FilingOrganizationsTotals |
Lobbying Nontaxable LobbyingNontaxableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 314948 | FilingOrganizationsTotals |
Grassroots Nontaxable GrassrootsNontaxableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 78737 | FilingOrganizationsTotals |
Tot Lobbying Grassroot Minus Non Tx TotLobbyingGrassrootMinusNonTx
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 0 | FilingOrganizationsTotals |
Tot Lobby Expend Mns Lobbying Nontx TotLobbyExpendMnsLobbyingNontx
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 0 | FilingOrganizationsTotals |
Lobbying Nontaxable Amount2 LobbyingNontaxableAmount2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 434077 | CurrentYearMinus3 |
| Current Year Minus2 | 386046 | CurrentYearMinus2 |
| Current Year Minus1 | 322610 | CurrentYearMinus1 |
| Current Year | 314948 | CurrentYear |
| Total | 1457681 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $2,186,522 | LobbyingCeilingAmount |
Total Lobbying Expenditures2 TotalLobbyingExpenditures2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus2 | 500 | CurrentYearMinus2 |
| Total | 500 | Total |
Grassroots Nontaxable Amount2 GrassrootsNontaxableAmount2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 108519 | CurrentYearMinus3 |
| Current Year Minus2 | 96512 | CurrentYearMinus2 |
| Current Year Minus1 | 80653 | CurrentYearMinus1 |
| Current Year | 78737 | CurrentYear |
| Total | 364421 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $546,632 | GrassrootsCeilingAmount |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 121341 | OtherCostOrOtherBasis |
| Depreciation | 95050 | Depreciation |
| Book Value | 26291 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 240106 | OtherCostOrOtherBasis |
| Depreciation | 192465 | Depreciation |
| Book Value | 47641 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 73932 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DEFERRED RENT | $82,843 |
| DEFERRED COMPENSATION | $69,081 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 151924 | TotalOfAmounts |
| Total Revenue | 415435 | TotalRevenue |
| Total Expenses | 3298957 | TotalExpenses |
| Excess Or Deficit For Year | -2883522 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -547 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -547 | TotalAdjustments |
| Excess Or Deficit Per FS | -2884069 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 708888 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -547 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 294000 | DonatedSrvcAndUseOfFacilities |
| Revenue Not Rptd F990 | 293453 | RevenueNotRptdF990 |
| Revenue Subtotal | 415435 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 415435 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 3592957 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 294000 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 294000 | ExpensesNotRptdF990 |
| Expenses Subtotal | 3298957 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 3298957 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | Identifier |
| Return Reference | PART X: | ReturnReference |
| Explanation | THE FUND IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATUTES OF ILLINOIS LAW. IN ADDITION, THE FUND QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THE FUND HAS NO OBLIGATION FOR UNRELATED BUSINESS INCOME TAX AT DECEMBER 31, 2011 AND 2010. THE FUND EVALUATES ITS EXPOSURE FOR UNCERTAIN TAX POSITIONS ON AN ANNUAL BASIS. AS OF DECEMBER 31, 2011 AND 2010, THERE WERE NO LIABILITIES FOR UNCERTAIN TAX POSITIONS. THE FEDERAL RETURNS OF THE FUND FOR TAX YEARS 2008, 2009, AND 2010 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| NATIONAL BOARD FOR PROFESSIONAL TEACHING STANDARDS | |||||||
| 1525 WILSON BLVD SUITE 500 | ARLINGTON | VA | 22209 | 521512323 | 501(C)(3) | 270000 | SUPPORT OF NOT-FOR-PROFIT ORGANIZATION |
| CHICAGO PUBLIC SCHOOLS | |||||||
| 125 S CLARK STREET | CHICAGO | IL | 60603 | 366005881 | N/A | 493962 | SUPPORT OF NOT-FOR-PROFIT ORGANIZATION |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 2 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: THE CHICAGO PUBLIC EDUCATION FUND (THE FUND) MAKES INVESTMENTS IN GRANTEES PURSUANT TO A BENCHMARK SCHEDULE, SO THAT GRANT DOLLARS ARE DISBURSED TO GRANTEES ONLY UPON DOCUMENTED EVIDENCE THAT GRANTEES ARE ACHIEVING OR WORKING TOWARD ACHIEVING THE MOST CRITICAL FACTORS FOR THEIR PROGRAMS TO BE SUCCESSFUL. ACCEPTABLE ACHIEVEMENTS ARE JOINTLY AGREED UPON AT THE TIME THE FUND COMMITS TO THE GRANT, AND MEMBERS OF THE FUND STAFF WORK WITH THE GRANTEE TO MONITOR AND DOCUMENT PROGRESS AGAINST THESE SHARED GOALS. SINCE THE FUND'S STAFF SHARE RESPONSIBILITY FOR THE ACHIEVEMENT OF BENCHMARKS, OUR STAFF TAKES A VERY HANDS ON APPROACH TO PROGRAM MANAGEMENT, WITH A MONITORING FUNCTION INHERENT IN THIS WORK. AT ANY POINT DURING THE GRANT PERIOD, THE FUND CAN WITHHOLD THE ASSOCIATED PAYMENT IF A PARTICULAR BENCHMARK IS NOT MET OR CAN DECIDE TO DISCONTINUE FUNDING IF AMPLE PROGRESS IS NOT BEING MADE IN A TIMELY MANNER AGAINST NUMEROUS BENCHMARKS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JANET KNUPP | |||||||||||||
| 154805 | 0 | 45071 | 0 | 113815 | 0 | 18050 | 0 | 8738 | 0 | 340479 | 0 | 379000 | 0 |
| JASON CASCARINO | |||||||||||||
| 156947 | 0 | 75000 | 0 | 0 | 0 | 9333 | 0 | 1386 | 0 | 242666 | 0 | 0 | 0 |
| PATRICK HAUGH | |||||||||||||
| 115000 | 0 | 40250 | 0 | 0 | 0 | 6210 | 0 | 0 | 0 | 161460 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SUPPLEMENTAL INFORMATION | Identifier |
| Return Reference | PART III | ReturnReference |
| Explanation | PART I, LINE 4A: JANET KNUPP, FOUNDING PRESIDENT & CEO TOTAL AMOUNT PAID = $113,815 PART I, LINE 4B: JANET KNUPP, FOUNDING PRESIDENT & CEO TOTAL AMOUNT PAID = $8,250 | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | TIMOTHY KNOWLES | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | BOARD MEMBER | Relationship |
| Amount Of Transaction | 85000 | AmountOfTransaction |
| Description Of Transaction | MR. KNOWLES IS THE DIRECTOR OF THE URBAN INSTITUTE OF THE UNIVERSITY OF CHICAGO. THE INSTITUTE RECEIVED A GRANT TO REIMBURSE THEM FOR THE SALARY OF A STAFF MEMBER WHO WAS ENGAGED ON A PROJECT FOR CHICAGO PUBLIC SCHOOLS FOR A PORTION OF THE YEAR. | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 24637 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | ONCE THE FORM 990 HAS BEEN COMPLETED AND REVIEWED BY THE ACCOUNTING STAFF AND CFO, IT IS SUBJECT TO A FURTHER REVIEW BY THE MANAGING DIRECTOR AND THE PRESIDENT AND CEO. ONCE THAT STEP IS COMPLETED, THE FINAL FORM IS EMAILED TO THE OPERATIONS, FINANCE AND AUDIT COMMITTEE, AS WELL AS TO THE ENTIRE BOARD OF DIRECTORS, FOR THEIR REVIEW AND COMMENTS PRIOR TO THE RETURN BEING FILED WITH THE IRS. | |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH YEAR, OFFICERS, DIRECTORS, AND KEY EMPLOYEES COMPLETE A QUESTIONNAIRE TO DISCLOSE ANY BUSINESS TRANSACTIONS OR RELATIONSHIPS HE/SHE OR A FAMILY MEMBER MAY HAVE HAD WITH THE FUND OR ANY OF ITS OFFICERS, DIRECTORS, OR KEY EMPLOYEES. RESPONSES ARE REVIEWED AND, WHEN NECESSARY, REFERRED TO THE EXECUTIVE COMMITTEE FOR THEIR CONSIDERATION. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMMITTEE OF THE BOARD IS RESPONSIBLE FOR REVIEWING AND APPROVING THE COMPENSATION PACKAGE FOR THE PRESIDENT AND CEO. THE DETERMINATION OF THE APPROPRIATE LEVEL OF COMPENSATION INCLUDES A REVIEW OF COMPENSATION LEVELS FOR THE EQUIVALENT POSITIONS AT COMPARABLE ORGANIZATIONS. OTHER STAFF SALARY INCREASES AND BONUSES ARE APPROVED BY THE BOARD IN CONNECTION WITH THEIR APPROVAL OF THE ANNUAL BUDGET. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FUND DISCLOSES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS FOR PUBLIC INSPECTION UPON REQUEST. REGARDING FINANCIAL STATEMENTS, THE FUND'S ANNUAL FILING OF THE IRS FORM 990 ARE MADE ACCESSIBLE THROUGH GUIDESTAR.COM. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -547. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2C | THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. | |
| FORM 990, PART X, COLUMN A, LINES 27 & 28 | DUE TO INFORMATION RECEIVED AFTER FILING THE PRIOR YEAR'S RETURN, THERE WAS A RECLASSIFICATION OF NET ASSETS BETWEEN UNRESTRICTED AND TEMPORARILY RESTRICTED, WHICH IS REFLECTED IN THE CURRENT YEAR'S AUDIT REPORT. THIS CHANGE HAD NO EFFECT ON TOTAL NET ASSETS NOR THE CHANGE IN NET ASSETS. |
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