2012-08-23T13:57:37-05:00 2011-12-31 410746749 CLIFTONLARSONALLEN LLP 1301 W 22ND ST STE 1100 OAK BROOK IL 60523 990 2011-01-01 364279013 CHICAGO PUBLIC EDUCATION FUND CHIC 3125584500 200 WEST ADAMS STE 2150 CHICAGO IL 606065230 PATRICK HAUGH 3125584500 2012-08-20 1 GREGORY S ADAMS P00095559 6305738600 2011 2016-02-24 21:20:13Z HEATHER ANICHINI 200 WEST ADAMS STE 2150 CHICAGO IL 606065230 415435 0 X WWW.THEFUNDCHICAGO.ORG X 1999 IL 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. 18 17 14 0 0 0 2083591 406124 0 0 40472 9311 0 0 2124063 415435 891709 763962 0 0 1819022 1800709 0 0 114703 741476 734286 3452207 3298957 -1328144 -2883522 14161504 11280042 258122 260729 13903382 11019313 X 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. 0 0 1113830 290758 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. 1031974 270000 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. 479444 125000 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. 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. 298191 78204 2923439 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 3 0 14 1 0 0 0 0 0 0 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X JULIA MELLOW 3125584500 200 WEST ADAMS SUITE 2150 CHICAGO IL 606065230 PENNY BENDER SEBRING 1.00 X 0 0 0 SUSAN CROWN 1.00 X 0 0 0 STEPHEN A CRUISE 1.00 X 0 0 0 ERIK FYRWALD 1.00 X 0 0 0 JILL GARLING 2.00 X 0 0 0 KENNETH GRIFFIN 3.00 X X 0 0 0 MELLODY HOBSON 2.00 X 0 0 0 TIMOTHY KNOWLES 1.00 X 0 0 0 JANET KNUPP 40.00 X X 313691 0 26788 BARBARA MALOTT-KIZZIAH 3.00 X X 0 0 0 SIDDHARTH MEHTA 2.00 X 0 0 0 CLARE MUNANA 1.00 X 0 0 0 PENNY PRITZKER 1.00 X X 0 0 0 BRUCE RAUNER 1.00 X 0 0 0 EDWARD RUST JR 1.00 X 0 0 0 RALPH RYDHOLM 1.00 X 0 0 0 PATRICIA SALDANA NATKE 1.00 X 0 0 0 JANA SCHREUDER 3.00 X X 0 0 0 TIMOTHY SCHWERTFEGER 1.00 X 0 0 0 BRIAN SIMMONS 4.00 X X 0 0 0 SCOTT SMITH 2.00 X 0 0 0 HELEN ZELL 3.00 X X 0 0 0 JASON CASCARINO 40.00 X 231947 0 10719 BILL CHAFETZ 40.00 X 137158 0 8315 TRACY DELL'ANGELA 40.00 X 131432 0 8675 PATRICK HAUGH 40.00 X 155250 0 6210 BENJAMIN KUTYLO 40.00 X 124439 0 6185 1093917 0 66892 6 0 1 0 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 2 406124 24637 406124 9311 9311 415435 0 0 9311 763962 763962 1160809 1033120 92865 34824 377019 335547 30161 11311 8250 8250 167870 149404 13430 5036 86761 77217 6941 2603 28306 8492 19814 36960 14784 22176 105098 73505 31593 22412 15688 6724 93040 44145 6246 42649 176292 155137 15866 5289 29222 26300 2922 83280 73287 7495 2498 4464 3928 402 134 REPAIRS AND MAINTENANCE 101119 88984 9101 3034 PROGRAM SUPPORT 34064 34064 EQUIPMENT RENTAL 20029 17625 1803 601 3298957 2923439 260815 114703 879534 1797890 8072168 7561474 5055661 1832513 11114 9637 361447 287515 138431 73932 4596 4596 14161504 11280042 41591 77805 31000 216531 151924 258122 260729 X 8922743 9874298 4980639 1145015 13903382 11019313 14161504 11280042 X -2883522 -547 X X 0 1 1 X 0 X 5547638 16401706 708951 2083591 406124 25148010 5547638 16401706 708951 2083591 406124 25148010 11101575 14046435 265859 144939 122508 40472 9311 583089 25731099 0.54590 0.57200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3298957 3298957 314948 78737 0 0 434077 386046 322610 314948 1457681 2186522 500 500 108519 96512 80653 78737 364421 546632 121341 95050 26291 240106 192465 47641 73932 DEFERRED RENT 82843 DEFERRED COMPENSATION 69081 151924 415435 3298957 -2883522 -547 -547 -2884069 708888 -547 294000 293453 415435 0 415435 3592957 294000 294000 3298957 0 3298957 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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. 1 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 2 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: 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. X X X 1 1 0 0 0 0 0 0 0 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 SUPPLEMENTAL INFORMATION PART III 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 TIMOTHY KNOWLES BOARD MEMBER 85000 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. 0 X 1 24637 FMV 0 0 0 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -547. 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.