NEAR NORTH MONTESSORI SCHOOL: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- NEAR NORTH MONTESSORI SCHOOL (EIN 36-2535895)
- Tax period
- 2011-08-01 to 2012-07-31
- Filed
- 2012-12-13
- IRS object ID
- 201223489349300712
- 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 D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-12-13T10:54:52-06:00 | Timestamp |
| Tax Period End Date | 2012-07-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 362985665 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WOLF & COMPANY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1901 S MEYERS RD SUITE 500 | AddressLine1 |
| City | OAKBROOK TERRACE | City |
| State | IL | State |
| ZIP Code | 601815209 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-08-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 362535895 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEAR NORTH MONTESSORI SCHOOL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | NEAR | NameControl |
| Phone | 7733841434 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1434 WEST DIVISION STREET | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 60642 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JERRY KRULEWITCH | Name |
| Title | BOARD PRESIDENT | Title |
| Phone | 7733841434 | Phone |
| Date Signed | 2012-12-06 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DAVID R SIEHOFF | Name |
| PTIN | P00175845 | PTIN |
| Phone | 6305454500 | 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 | AUDREY PERROTT | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1434 WEST DIVISION STREET | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 60642 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 10091215 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.NNMS.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1963 | YearFormation |
| State Legal Domicile | IL | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 20 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 17 | NbrIndependentVotingMembers |
| Total Nbr Employees | 130 | TotalNbrEmployees |
| Total Nbr Volunteers | 750 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 849081 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 869767 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 8202447 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 8740381 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 298526 | InvestmentIncomePriorYear |
| Investment Income Current Year | 129474 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 383152 | OtherRevenuePriorYear |
| Other Revenue Current Year | 286635 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 9733206 | TotalRevenuePriorYear |
| Total Revenue Current Year | 10026257 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 546314 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 574314 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 5678356 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 5987938 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 374125 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2246654 | OtherExpensePriorYear |
| Other Expenses Current Year | 2305684 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 8471324 | TotalExpensesPriorYear |
| Total Expenses Current Year | 8867936 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1261882 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1158321 | RevenuesLessExpensesCY |
| Total Assets BOY | 26813142 | TotalAssetsBOY |
| Total Assets EOY | 26713645 | TotalAssetsEOY |
| Total Liabilities BOY | 13707527 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 12493504 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 13105615 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 14220141 | NetAssetsOrFundBalancesEOY |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 7170571 | Expense |
| Grants | 574314 | Grants |
| Revenue | 8740381 | Revenue |
| Description | TUITION AND RELATED FEES TO PROVIDE PRE-SCHOOL AND PRIMARY GRAMMAR SCHOOL EDUCATION. | Description |
| Total Program Service Expense | 7170571 | 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 | 1 | 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 | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | 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 | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 1 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | 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 | 33 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 130 | 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 | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| 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 | 20 | 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 |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LINDA RUDNICK | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7733841434 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1434 WEST DIVISION | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 60642 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (22 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee | OfficerOfficer |
|---|---|---|---|---|---|---|---|---|
| JANET CORY | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| ALINA COWDEN | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| STEPHANIE COX-BATSON | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| CHARLES HUNTER | ||||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | |||
| DAVID KELSON | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MICHAEL KING | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| MICHAEL LUCAS | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| GORDON PAN | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| ROC RONEY | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| JENELLE SULLIVAN | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| NANCY ALLEN | ||||||||
| DIRECTOR | 40.00 | X | 44815 | 0 | 5717 | |||
| RICK MOSHER | ||||||||
| DIRECTOR | 40.00 | X | 50499 | 0 | 13820 | |||
| AUDREY PERROTT | ||||||||
| EXECUTIVE DIRECTOR | 40.00 | X | 154400 | 0 | 10804 | X | X | |
| KEVIN ANGELES | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| SARAH NORRIS | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| DOUG YERKES | ||||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |||
| LINDA RUDNICK | ||||||||
| FINANCE DIRECTOR | 40.00 | X | 118243 | 0 | 5309 | X | ||
| JERRY KRULEWITCH | ||||||||
| PRESIDENT | 2.00 | 0 | 0 | 0 | X | |||
| EDDIE GERSHMAN | ||||||||
| VICE PRESIDENT | 1.00 | 0 | 0 | 0 | X | |||
| DAVID MORRISON | ||||||||
| SECRETARY | 1.00 | 0 | 0 | 0 | X | |||
| LOIS SCOTT | ||||||||
| TREASURER | 1.00 | 0 | 0 | 0 | X | |||
| MIEKO YOSHIDA | ||||||||
| OPERATIONS AND FACILITIES | 40.00 | 111569 | 0 | 13784 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 479526 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 49434 | TotalOtherCompensation |
| Number Individuals GT100 K | 3 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (3 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| THE GEORGE SOLLITT CONSTRUCTION COMPANY | |||||
| 790 N CENTRAL AVE | WOOD DALE | IL | 60191 | GENERAL CONTRACTOR ON BUILDING PROJECT | 3929298 |
| CLAUSS BROTHERS INC | |||||
| 360 WEST SCHAUMBURG ROAD | STREAMWOOD | IL | 60107 | LANDSCAPE CONTRACTOR | 135613 |
| SMNG-A | |||||
| 936 W HURON ST | CHICAGO | IL | 60642 | ARCHITECT - BUILDING PROJECT | 106123 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
| All Other Contributions | 869767 | AllOtherContributions |
| Total Contributions | 869767 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | TUITION & FEES | Description |
| Business Code | 611110 | BusinessCode |
| Total Revenue Column | 8740381 | TotalRevenueColumn |
| Related Or Exempt Function Income | 8740381 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 8740381 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 129474 | TotalRevenueColumn |
| Exclusion | $129,474 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 351593 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 64958 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 286635 | TotalRevenueColumn |
| Exclusion | $286,635 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 10026257 | TotalRevenueColumn |
| Related Or Exempt Function Income | 8740381 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $416,109 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 574314 | Total |
| Program Services | 574314 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4824277 | Total |
| Program Services | 3664678 | ProgramServices |
| Management And General | 879541 | ManagementAndGeneral |
| Fundraising | 280058 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 135688 | Total |
| Program Services | 103088 | ProgramServices |
| Management And General | 29702 | ManagementAndGeneral |
| Fundraising | 2898 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 657117 | Total |
| Program Services | 540532 | ProgramServices |
| Management And General | 87930 | ManagementAndGeneral |
| Fundraising | 28655 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 370856 | Total |
| Program Services | 279773 | ProgramServices |
| Management And General | 70733 | ManagementAndGeneral |
| Fundraising | 20350 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 63912 | Total |
| Management And General | 63912 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 397347 | Total |
| Program Services | 344199 | ProgramServices |
| Management And General | 34776 | ManagementAndGeneral |
| Fundraising | 18372 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 98163 | Total |
| Program Services | 96691 | ProgramServices |
| Management And General | 883 | ManagementAndGeneral |
| Fundraising | 589 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 54568 | Total |
| Program Services | 37602 | ProgramServices |
| Management And General | 2666 | ManagementAndGeneral |
| Fundraising | 14300 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 149498 | Total |
| Program Services | 147256 | ProgramServices |
| Management And General | 1345 | ManagementAndGeneral |
| Fundraising | 897 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 531658 | Total |
| Program Services | 523683 | ProgramServices |
| Management And General | 4785 | ManagementAndGeneral |
| Fundraising | 3190 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 51118 | Total |
| Program Services | 50351 | ProgramServices |
| Management And General | 460 | ManagementAndGeneral |
| Fundraising | 307 | Fundraising |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| ACTIVITIES | 375922 | 375922 | ||
| CONSULTANTS | 224799 | 161285 | 63514 | |
| REPAIRS AND MAINTENANCE | 141923 | 139794 | 1277 | 852 |
| BANK FEES | 75498 | 75498 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 141278 | Total |
| Program Services | 131403 | ProgramServices |
| Management And General | 6218 | ManagementAndGeneral |
| Fundraising | 3657 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8867936 | Total |
| Program Services | 7170571 | ProgramServices |
| Management And General | 1323240 | ManagementAndGeneral |
| Fundraising | 374125 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 200 | BOY |
| EOY | 200 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3646066 | BOY |
| EOY | 3025635 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1307811 | BOY |
| EOY | 925153 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 125105 | BOY |
| EOY | 145258 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 45201 | BOY |
| EOY | 29010 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 100153 | BOY |
| EOY | 149012 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 22117741 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 3233592 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14318725 | BOY |
| EOY | 18884149 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3125164 | BOY |
| EOY | 3555228 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4144717 | BOY |
| EOY | 0 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26813142 | BOY |
| EOY | 26713645 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1036525 | BOY |
| EOY | 710103 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 685011 | BOY |
| EOY | 783401 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11985991 | BOY |
| EOY | 11000000 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13707527 | BOY |
| EOY | 12493504 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13086403 | BOY |
| EOY | 14203733 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15822 | BOY |
| EOY | 11768 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3390 | BOY |
| EOY | 4640 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13105615 | BOY |
| EOY | 14220141 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26813142 | BOY |
| EOY | 26713645 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 1158321 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -43795 | 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) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
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 D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2987204 | BeginningOfYearBalance |
| Contributions | 2250 | Contributions |
| Investment Earnings Or Losses | -970 | InvestmentEarningsOrLosses |
| End Of Year Balance | 2988484 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2582508 | BeginningOfYearBalance |
| Contributions | 2825 | Contributions |
| Investment Earnings Or Losses | 401871 | InvestmentEarningsOrLosses |
| End Of Year Balance | 2987204 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2349843 | BeginningOfYearBalance |
| Contributions | 9526 | Contributions |
| Investment Earnings Or Losses | 223139 | InvestmentEarningsOrLosses |
| End Of Year Balance | 2582508 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2510010 | BeginningOfYearBalance |
| Contributions | 37923 | Contributions |
| Investment Earnings Or Losses | -198090 | InvestmentEarningsOrLosses |
| End Of Year Balance | 2349843 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.99840 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.00160 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.00000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 325000 | OtherCostOrOtherBasis |
| Book Value | 325000 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1003807 | OtherCostOrOtherBasis |
| Depreciation | 1003807 | Depreciation |
| Book Value | 0 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 19705394 | OtherCostOrOtherBasis |
| Depreciation | 1676852 | Depreciation |
| Book Value | 18028542 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 684107 | OtherCostOrOtherBasis |
| Depreciation | 510593 | Depreciation |
| Book Value | 173514 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 399433 | OtherCostOrOtherBasis |
| Depreciation | 42340 | Depreciation |
| Book Value | 357093 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 18884149 | TotalOfBookValueLandBuildings |
| Total Revenue | 10026257 | TotalRevenue |
| Total Expenses | 8867936 | TotalExpenses |
| Excess Or Deficit For Year | 1158321 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -43795 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -43795 | TotalAdjustments |
| Excess Or Deficit Per FS | 1114526 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 9408148 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -43795 | NetUnrealizedGainsInvestments |
| Other Revenues | -574314 | OtherRevenues |
| Revenue Not Rptd F990 | -618109 | RevenueNotRptdF990 |
| Revenue Subtotal | 10026257 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 10026257 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 8293622 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | -574314 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | -574314 | ExpensesNotRptdF990 |
| Expenses Subtotal | 8867936 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 8867936 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | PART XII LINE 2D - 'GRANT' FOR STUDENTS WITH FINANCIAL NEED PART XIII LINE 2D - GRANT EXPENSE ISSUED TO STUDENTS BASED ON FINANCIAL NEED | Explanation |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 0 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | Identifier |
| Return Reference | SCHEDULE E, PART I, LINE 3 | ReturnReference |
| Explanation | VIA WEBSITE, BROCHURES, LITERATURE AND MEDIA PUBLICITY. | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | THE BIG NIGHT | NameOfEvent1 |
| Gross Receipts Event1 | 312587 | GrossReceiptsEvent1 |
| Gross Revenue Event1 | 312587 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 3000 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 31481 | FoodAndBeverageEvent1 |
| Other Direct Expenses Event1 | 14986 | OtherDirectExpensesEvent1 |
| Name Of Event2 | HALLOWEEN PARTY | NameOfEvent2 |
| Gross Receipts Event2 | 9836 | GrossReceiptsEvent2 |
| Gross Revenue Event2 | 9836 | GrossRevenueEvent2 |
| Rent Facility Costs Event2 | 1400 | RentFacilityCostsEvent2 |
| Entertainment Event2 | 1323 | EntertainmentEvent2 |
| Other Direct Expenses Event2 | 1487 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 2 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 29170 | GrossReceiptsOtherEvents |
| Gross Revenue Other Events | 29170 | GrossRevenueOtherEvents |
| Other Direct Expenses Other Events | 11281 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 351593 | GrossReceiptsTotal |
| Gross Revenue Total Events | 351593 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 4400 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 31481 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 1323 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 27754 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 64958 | DirectExpenseSummaryEvents |
| Net Income Summary | 286635 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 78 | NumberOfRecipients |
| Amount Of Cash Grant | 574314 | AmountOfCashGrant |
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: 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | AUDREY PERROTT | NamePerson |
| Base Compensation Filing Org | 154400 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 6365 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 4439 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 165204 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ILLINOIS FINANCE AUTHORITY REVENUE BOND | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 861091967 | IssuerEIN |
| Date Issued | 2009-05-27 | DateIssued |
| Issue Price | 12000000 | IssuePrice |
| Description Of Purpose | SEE PART V | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Proceeds | 12000000 | TotalProceeds |
| Capital Expenditures | 12000000 | CapitalExpenditures |
| Year Of Subst Completion | 2012 | YearOfSubstCompletion |
| Current Refunding | 0 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Post Issuance Compliance Procdrs | 1 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 0 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE K | Identifier |
| Return Reference | PURPOSE OF ISSUE DESCRIPTION | ReturnReference |
| Explanation | 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, 2012 AND 2011, $11,000,000 AND $11,985,991, RESPECTIVELY, IS OUTSTANDING ON BONDS PAYABLE. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part III Form990ScheduleLPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Interested Person | NEED BASED SCHOLARSHIP | NameOfInterestedPerson |
| Amount Of Grant | 17400 | AmountOfGrant |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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. 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 MANAGER 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 MANAGER 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. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -43,795. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| NO CHANGE IN PROCESS. |
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