2012-12-13T10:54:52-06:00 2012-07-31 362985665 WOLF & COMPANY LLP 1901 S MEYERS RD SUITE 500 OAKBROOK TERRACE IL 601815209 990 2011-08-01 362535895 NEAR NORTH MONTESSORI SCHOOL NEAR 7733841434 1434 WEST DIVISION STREET CHICAGO IL 60642 JERRY KRULEWITCH 7733841434 2012-12-06 1 DAVID R SIEHOFF P00175845 6305454500 2011 2016-02-24 21:20:13Z AUDREY PERROTT 1434 WEST DIVISION STREET CHICAGO IL 60642 10091215 0 X WWW.NNMS.ORG X 1963 IL NEAR NORTH MONTESSORI EDUCATES THE HUMAN POTENTIAL THROUGH A PARTNERSHIP BETWEEN HOME AND SCHOOL THAT FOSTERS INTELLECTUAL GROWTH, INDEPENDENCE, RESPONSIBILITY, AND A SENSE OF SELF-WORTH. 20 17 130 750 0 0 849081 869767 8202447 8740381 298526 129474 383152 286635 9733206 10026257 546314 574314 0 0 5678356 5987938 0 0 374125 2246654 2305684 8471324 8867936 1261882 1158321 26813142 26713645 13707527 12493504 13105615 14220141 NEAR NORTH MONTESSORI EDUCATES THE HUMAN POTENTIAL THROUGH A PARTNERSHIP BETWEEN HOME AND SCHOOL THAT FOSTERS INTELLECTUAL GROWTH, INDEPENDENCE, RESPONSIBILITY AND A SENSE OF SELF-WORTH. 0 0 7170571 574314 8740381 TUITION AND RELATED FEES TO PROVIDE PRE-SCHOOL AND PRIMARY GRAMMAR SCHOOL EDUCATION. 7170571 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 33 0 1 130 1 0 0 0 0 0 1 1 0 0 0 0 X 20 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X LINDA RUDNICK 7733841434 1434 WEST DIVISION CHICAGO IL 60642 JANET CORY 1.00 X 0 0 0 ALINA COWDEN 1.00 X 0 0 0 STEPHANIE COX-BATSON 1.00 X 0 0 0 CHARLES HUNTER 2.00 X 0 0 0 DAVID KELSON 1.00 X 0 0 0 MICHAEL KING 1.00 X 0 0 0 MICHAEL LUCAS 1.00 X 0 0 0 GORDON PAN 1.00 X 0 0 0 ROC RONEY 1.00 X 0 0 0 JENELLE SULLIVAN 1.00 X 0 0 0 NANCY ALLEN 40.00 X 44815 0 5717 RICK MOSHER 40.00 X 50499 0 13820 AUDREY PERROTT 40.00 X X X 154400 0 10804 KEVIN ANGELES 1.00 X 0 0 0 SARAH NORRIS 1.00 X 0 0 0 DOUG YERKES 1.00 X 0 0 0 LINDA RUDNICK 40.00 X X 118243 0 5309 JERRY KRULEWITCH 2.00 X 0 0 0 EDDIE GERSHMAN 1.00 X 0 0 0 DAVID MORRISON 1.00 X 0 0 0 LOIS SCOTT 1.00 X 0 0 0 MIEKO YOSHIDA 40.00 X 111569 0 13784 479526 0 49434 3 0 1 0 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 3 869767 869767 TUITION & FEES 611110 8740381 8740381 8740381 129474 129474 351593 64958 286635 286635 10026257 8740381 0 416109 574314 574314 4824277 3664678 879541 280058 135688 103088 29702 2898 657117 540532 87930 28655 370856 279773 70733 20350 63912 63912 397347 344199 34776 18372 98163 96691 883 589 54568 37602 2666 14300 149498 147256 1345 897 531658 523683 4785 3190 51118 50351 460 307 ACTIVITIES 375922 375922 CONSULTANTS 224799 161285 63514 REPAIRS AND MAINTENANCE 141923 139794 1277 852 BANK FEES 75498 75498 141278 131403 6218 3657 8867936 7170571 1323240 374125 200 200 3646066 3025635 1307811 925153 125105 145258 45201 29010 100153 149012 22117741 3233592 14318725 18884149 3125164 3555228 4144717 0 26813142 26713645 1036525 710103 685011 783401 11985991 11000000 13707527 12493504 X 13086403 14203733 15822 11768 3390 4640 13105615 14220141 26813142 26713645 X 1158321 -43795 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2987204 2250 -970 2988484 2582508 2825 401871 2987204 2349843 9526 223139 2582508 2510010 37923 -198090 2349843 0.99840 0.00160 0.00000 0 0 325000 325000 1003807 1003807 0 19705394 1676852 18028542 684107 510593 173514 399433 42340 357093 18884149 10026257 8867936 1158321 -43795 -43795 1114526 9408148 -43795 -574314 -618109 10026257 0 10026257 8293622 -574314 -574314 8867936 0 8867936 PART XII LINE 2D - 'GRANT' FOR STUDENTS WITH FINANCIAL NEED PART XIII LINE 2D - GRANT EXPENSE ISSUED TO STUDENTS BASED ON FINANCIAL NEED 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 VIA WEBSITE, BROCHURES, LITERATURE AND MEDIA PUBLICITY. THE BIG NIGHT 312587 312587 3000 31481 14986 HALLOWEEN PARTY 9836 9836 1400 1323 1487 2 29170 29170 11281 351593 351593 4400 31481 1323 27754 64958 286635 1 SCHOLARSHIPS 78 574314 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: APPLICANTS ARE REQUIRED TO SUBMIT AN APPLICATION AND PROVIDE THEIR TAX RETURNS. ALL APPLICATIONS ARE REVIEWED TO DETERMINE NEED AND ALL INFORMATION, INCLUDING NOTES, ARE RETAINED ON AN ELECTRONIC FILING SYSTEM. X X X X 0 0 0 0 0 0 0 0 0 AUDREY PERROTT 154400 0 0 0 0 0 6365 0 4439 0 165204 0 0 0 ILLINOIS FINANCE AUTHORITY REVENUE BOND 861091967 2009-05-27 12000000 SEE PART V 0 0 0 12000000 12000000 2012 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 SCHEDULE K PURPOSE OF ISSUE DESCRIPTION RENOVATION OF A 4-STORY SCHOOL BUILDING LOCATED AT 1434 WEST DIVISION, INCLUDING REPLACEMENT OF HEATING SYSTEM, VENTILATION, ELECTRICAL AND SPRINKLER SYSTEM IMPROVEMENTS AND ADDITIONAL CLASSROOM, BATHROOM AND RELATED FACILITIES, AND CONSTRUCTION OF A NEW GYMNASIUM IMMEDIATELY ADJACENT TO THE SCHOOL BUILDING. ON MAY 27, 2009, THE ILLINOIS FINANCE AUTHORITY ISSUED $12,000,000 OF EDUCATIONAL FACILITY REVENUE BOND SERIES 2009 TO MB FINANCIAL BANK IN ORDER TO LOAN THE PROCEEDS OF THE BOND TO NEAR NORTH MONTESSORI SCHOOL FOR THE PURPOSE OF FINANCING OR REIMBURSING CERTAIN COSTS OF THE FACILITIES. ON DECEMBER 21, 2011, $10,000,000 OF THE ORIGINAL BOND ISSUE WAS REISSUED AS A NEW EDUCATIONAL FACILITY REVENUE BOND, AMENDED SERIES 2009. ADDITIONALLY ON JANUARY 13, 2012, $1,000,000 OF THE ORIGINAL BOND ISSUE WAS REISSUED AS A NEW EDUCATIONAL FACILITY REVENUE BOND, 2012 AMENDED SERIES 2009. AT JULY 31, 2012 AND 2011, $11,000,000 AND $11,985,991, RESPECTIVELY, IS OUTSTANDING ON BONDS PAYABLE. NEED BASED SCHOLARSHIP 17400 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -43,795. NO CHANGE IN PROCESS.