2011-11-22T11:43:38-06:00 2011-06-30 BLACKMAN KALLICK LLP 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2010-07-01 362258525 THE LATIN SCHOOL OF CHICAGO LATI 3125826104 59 W NORTH BLVD CHICAGO IL 60610 TOMY P ALEXANDER 3125826104 2011-11-22 1 LU ANN TRAPP 3122071040 2011-11-22 2010 2016-02-24 21:20:13Z TOMY P ALEXANDER 59 W NORTH BLVD CHICAGO IL 60610 45228950 0 X WWW.LATINSCHOOL.ORG X 1954 IL A PRIVATE CO-ED JUNIOR KINDERGARTEN-12TH GRADE DAY SCHOOL. 38 36 542 400 0 0 3232066 6655655 29516523 30993850 513693 247006 345628 368078 33607910 38264589 2719003 2977555 0 0 21105589 21615310 0 0 874263 9176490 9162786 33001082 33755651 606828 4508938 84441373 92663587 34653628 34182370 49787745 58481217 X IT IS THE SCHOOL'S MISSION TO PROVIDE ITS STUDENTS WITH A RIGOUROUS AND INNOVATIVE EDUCATIONAL PROGRAM THAT EMBRACES DIVERSITY OF PEOPLE, CULTURES AND IDEAS. LATIN INSPIRES ITS STUDENTS TO LEAD LIVES OF PURPOSE AND EXCELLENCE. 0 0 26402093 2817611 27917461 INSTRUCTION AND STUDENT SUPPORT ACTIVITIES-FOUNDED IN 1888, THE LATIN SCHOOL OF CHICAGO IS AN INDEPENDENT COEDUCATIONAL DAY SCHOOL FOR GRADES JUNIOR KINDERGARTEN-12. THE STUDENTS: A DIVERSE COMMUNITY OF 1,107 STUDENTS IN JUNIOR KINDERGARTEN-12 FROM CHICAGO AND THE SURROUNDING SUBURBS.THE FACULTY: CARING, EXPERIENCED PROFESSIONALS, OVER 80% OF WHOM HAVE EARNED A MASTER'S DEGREE OR HIGHER. THE STUDENT FACULTY RATIO IS 8:1.ACADEMICS: LATIN OFFERS A RIGOROUS COLLEGE PREPARATORY CURRICULUM THAT ENCOURAGES INDEPENDENCE, CREATIVITY AND CURIOUSITY WITH AN EMPHASIS ON INTERDISCIPLINARY LEARNING.FINANCIAL AID: THE SCHOOL ASSISTS THOSE WHOM OTHERWISE MAY NOT BE FINANCIALLY ABLE TO ATTEND SCHOOL. APPROXIMATELY 13% OF THE STUDENT BODY RECEIVES FINANCIAL AID. 1514251 1854743 SUMMER AND STUDENT SUPPORT SERVICES: THESE PROGRAMS INCLUDE SUMMER AT LATIN AND THE EXTENDED DAY PROGRAM. SUMMER AT LATIN PROVIDES A HIGH QUALITY EDUCATIONAL AND RECREATIONAL OPPORTUNITY FOR CHILDREN OF ALL AGES. THE SUMMER STAFF IS COMMITTED TO OFFERING A SAFE, NURTURING COMMUNITY THAT ALIGNS WITH THE VALUES OF THE SCHOOL WHERE PURSUIT OF KNOWLEDGE COMPLEMENTS INDIVIDUAL GROWTH. THE EXTENDED DAY PROGRAM SUPPORTS LATIN FAMILIES BY OFFERING A SAFEFUN PROGRAM BEFORE AND AFTER THE SCHOOL DAY FOR STUDENTS ENROLLED IN JUNIOR KINDERGARTEN THROUGH 4TH GRADE. THE PROGRAM PROVIDES A BALANCE OF ORGANIZED ACTIVITY AND FREE TIME. 27916344 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 1 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 1 1 0 0 1 60 1 1 542 1 1 1 0 0 0 0 1 1 0 0 0 0 X 38 36 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X TOMY P ALEXANDER 3125826102 59 W NORTH BLVD CHICAGO IL 606101492 SHELLEY GREENWOOD 50.00 X X 228833 0 67632 MICHAEL BERLAND 2.00 X 0 0 0 PHILIP BLOCK 2.00 X 0 0 0 LESLIE BLUHM 2.00 X 0 0 0 JACOLYN BUCKSBAUM 2.00 X 0 0 0 PHILIP CANFIELD 2.00 X 0 0 0 SONIA CHAE 2.00 X 0 0 0 ANNE COX 2.00 X 0 0 0 VINCENT COZZI 2.00 X 0 0 0 RITU DHINGRA 2.00 X 0 0 0 JEREMY EBIE 2.00 X 0 0 0 ALINE FUNK 2.00 X 0 0 0 SUZANNE GIGNILLIAT 2.00 X 0 0 0 LEE GOLUB 2.00 X 0 0 0 JOYCE GREENBLATT 2.00 X 0 0 0 MARK HOPLAMAZIAN 2.00 X X 0 0 0 CHARLES HUNTER 2.00 X 0 0 0 BEATRICE JAMES-MOORE 2.00 X 0 0 0 GARY JOHNSON 2.00 X 0 0 0 PRISCILLA KERSTEN 2.00 X 0 0 0 DAVID KOO 2.00 X 0 0 0 CARLOS LOPEZ 2.00 X 0 0 0 CHARLENE OLSON 2.00 X 0 0 0 WILLIAM PATE 2.00 X X 0 0 0 GEORGY ANN PELUCHIWSKI 2.00 X 0 0 0 DIANA RAUNER 2.00 X 0 0 0 PETER ROBERTS 2.00 X 0 0 0 JEFFREY SHARP 2.00 X X 0 0 0 LARA SHIFFMAN 2.00 X 0 0 0 JEFFREY SIEGEL 2.00 X 0 0 0 SARA CROWN 2.00 X 0 0 0 MARGARET STENDER 2.00 X 0 0 0 EMILY HEISLEY STOECKEL 2.00 X 0 0 0 DIANE THOMAS 2.00 X 0 0 0 PENNY TURNER 2.00 X 0 0 0 MARY TYREE 2.00 X 0 0 0 DAVID VALENTINE 2.00 X 0 0 0 BETH WHITE 2.00 X 0 0 0 TOMY ALEXANDER 50.00 X 238454 0 36076 ESTHER RISKE 50.00 X 126597 0 10515 DEBRA SAMPEY 50.00 X 123710 0 79532 TED GRAF 50.00 X 119819 0 104139 SALLY OTT 50.00 X 116578 0 17878 ELIZABETH PLESHETTE 50.00 X 115905 0 70776 DON FIRKE 50.00 X 288819 0 17821 1358715 0 404369 13 1 1 0 SODEXO INC 4880 PAYSPHERE CIRCLE CHICAGO IL 60674 FOOD SERVICE 836603 QUEST FOOD MANAGEMENT 2500 S HIGHLAND LOMBARD IL 60148 FOOD SERVICE 625483 NAGLE HARTRAY 30 W MONROE SUITE 700 CHICAGO IL 60603 ARCHITECT 496363 RUSSELL REYNOLDS ASSOC CHURCH STREET STATION PO BOX 6 NEW YORK NY 10249 PERSONNEL SEARCH FIRM 153254 GT MECHANICAL 15729 S ANNICO DRIVE HOMER GLEN IL 60491 HVAC EQUIPMENT AND INSTALL 134944 6 672226 5983429 163205 6655655 TUITION AND FEES 900099 27917461 27917461 LUNCH ROOM 611710 1104395 1104395 SUMMER PROGRAMS 900099 997859 997859 AFTER SCHOOL PROGRAMS 900099 374943 374943 ATHLETIC CLUBS 900099 203777 203777 395415 278164 117251 30993850 642502 642502 6219606 6615102 -395496 -395496 -395496 607152 672226 242360 364792 364792 39620 10000 29620 29620 70565 96899 -26334 -26334 38264589 29772204 0 1836730 159944 159944 2817611 2817611 658726 658726 15037177 13082407 1440446 514324 928103 737829 158708 31566 3859555 3081009 639322 139224 1131749 878520 215644 37585 198019 198019 58950 58950 12500 12500 39668 39668 91053 61497 29556 1232454 1119275 74095 39084 461762 297255 164507 831210 732095 99115 44071 21054 17724 5293 54662 54662 756400 680760 75640 2220258 1998233 222025 170617 170617 AUXILLIARY 1514251 1514251 STUDENT SUPPORT & ACTIV 741439 741439 INSTITUTIONAL SUPPORT 418763 341132 77631 MISC. 166681 166681 ADMINISTRATION 150028 150028 33755651 27916344 4965044 874263 3612732 3636505 605122 790261 933629 3136635 115807 190776 110196 74872 1377326 1200707 68119379 25509383 42326459 42609996 23390831 25589003 11665982 14266275 303289 1168557 84441373 92663587 3241851 3688959 5601130 5397175 22920000 22145000 2890647 2951236 34653628 34182370 X 35951775 40140967 2236796 6478454 11599174 11861796 49787745 58481217 84441373 92663587 X 4508938 4184534 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14561160 6268716 3008173 182703 474968 12500 23167878 13713399 64753 1528954 216224 517024 12698 14561160 17529711 145385 -3172389 222689 554057 12562 13713399 0.40000 0.51000 0.09000 0 0 9402665 9402665 35531760 9519612 26012148 10033304 5575154 4458150 11454050 10414617 1039433 1697600 1697600 42609996 PRIVATE EQUITY-COMMON FUND 425939 F LIMITED PARTNERSHIP-WELLINGTON 6118996 F HEDGE FUND-PRIVATE ADVISORS 1958978 F LIMITED PARTNERSHIP-PINEGROVE 419738 F HEDGE FUND-ARCHSTONE OFFSHORE LTD 4066303 F LIMITED PARTNERSHIP-NEWPORT ASIA 494414 F LIMITED PARTNERSHIP-CAPITAL GUARDIAN 781907 F 14266275 POSTRETIREMENT HEALTH BENEFITS 714225 FAIR VALUE OF INTEREST RATE SWAP AGREEMENT 1867492 DEFERRED COMPENSATION 369519 2951236 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE SCHOOL'S ENDOWMENT FUND IS USED TO SUPPORT OPERATIONS, FINANCIAL AID, AND PROFESSIONAL AND CURRICULM DEVELOPMENT. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL HAS RECEIVED A DETERMINATION LETTER FROM THE INTERAL REVENUE SERVICE INDICATING THAT IT IS EXEMPT FROM FEDREAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3), EXCEPT FOR TAXES PERTAINING TO UNRELATED BUSINESS INCOME. NO PROVISION FOR INCOME TAXES WAS REQUIRED IN 2011 OR 2010. THE SCHOOL'S APPLICATION OF GAAPUSA REGARDING UNCERTAIN TAX PROVISIONS HAD NO EFFECT ON ITS FINANCIAL POSITION AS MANAGEMENT BELIEVES THE SCHOOL HAS NO MATERIAL UNRECONGNIZED INCOME TAX LIABILITIES, INCLUDING ANY POTENTIAL RISK OF LOSS OF ITS TAX EXEMPT STATUS. THE SCHOOL WOULD ACCOUNT FOR ANY POTENTIAL INTEREST OR PENALTIES RELATED TO POSSIBLE FUTURE LIABILITIES FOR UNRECOGNIZED INCOME TAX LIABILITIES AS INCOME TAX EXPENSE. THE SCHOOL IS NO LONGER SUBJECT TO EXAMINATION BY THE TAX AUTHORITIES FOR FEDERAL, STATE OR LOCAL INCOME TAXES FOR PERIODS BEFORE 2008. 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 THE SCHOOL GIVES NOTICE OF ITS RACIAL AND OTHER NON-DISCRIMINATION POLICIES ON ITS WEBSITE AND A MAJORITY OF ITS PUBLICATIONS USED TO MARKET THE SCHOOL AND ITS PROGRAMS. CENTRAL AMERICA 0 0 INVESTMENT 6025281 0 0 0 6025281 0 6025281 1 0 0 0 0 0 AUCTION 1279378 672226 607152 122864 119496 1279378 672226 607152 122864 119496 242360 364792 39620 10000 1 1.00000 39620 10000 10000 29620 IL 1 0 1 0 1.00000 TOMY ALEXANDER 59 W NORTH AVENUE CHICAGO IL 60610 0 CAROLINE KENERSON 3600 OVERSAW COLLECTION OF PROCEEDS AND DISTRIBUTION OF THE PRIZE. X 0 SCHEDULE G, PART III A JEWELER DONATED A 3.05 CARAT DIAMOND PENDANT NECKLACE FOR THE RAFFLE PRIZE FOR THE SCHOOL'S AUCTION EVENT. 1 HIGH JUMP INC 59 W NORTH BLVD CHICAGO IL 60610 364470186 501(C)(3) 159944 FMV USE OF FACILITIES GENERAL SUPPORT 1 FINANCIAL AID 142 2817611 OTHER INFORMATION: PART IV: PT I LINE 2: THE SCHOOL USES AN OUTSIDE THIRD PARTY, FAST TUTION MANAGEMENT, TO COMPILE FINANCIAL AID APPLICANT PERSONAL INFORMATION AND TAX INFORMATION. FAST COMPUTES A FINANCIAL AID RECOMMENDATION. THE SCHOOL'S DIRECTOR OF FINANCIAL AID AND THE FINANCIAL AID COMMITTEE USE THE FAST RECOMMENDATION AS BASELINE TO DETERIMINE AID. ALL APPLICANTS ARE REQUIRED TO APPLY ANNUALLY FOR AID. X 1 1 X X X X 1 0 0 0 0 0 0 0 0 SHELLEY GREENWOOD 211331 0 0 0 17502 0 19705 0 47927 0 296465 0 0 0 TOMY ALEXANDER 221459 0 0 0 16995 0 14857 0 21219 0 274530 0 0 0 DEBRA SAMPEY 123576 0 0 0 134 0 12449 0 67083 0 203242 0 0 0 TED GRAF 119681 0 0 0 138 0 7580 0 96559 0 223958 0 0 0 ELIZABETH PLESHETTE 115815 0 0 0 90 0 7511 0 63265 0 186681 0 0 0 DON FIRKE 194172 0 0 0 94647 0 7350 0 10471 0 306640 0 0 0 PART I, LINE 1A THE FORMER HEAD OF SCHOOL RECEIVED AN ANNUAL HOUSING ALLOWANCE OF $40,000 PER THE TERMS OF HIS EMPLOYMENT CONTRACT. THIS ALLOWANCE IS REPORTED AS TAXABLE COMPENSATION. PART I, LINE 4A THE FORMER DIRECTOR OF DIVERSITY RECEIVED A SERVERANCE PAYMENT OF $83,235 PER THE TERMS OF HER SEPARATION AGREEMENT. SUPPLEMENTAL INFORMATION PART III ILLINOIS FINANCE AUTHORITY 861091967 45200BVD9 2005-12-28 17375000 ADVANCE REFUND 1998 BONDS 0 0 0 ILLINOIS FINANCE AUTHORITY 861091967 45200BVC7 2005-12-28 16125000 MIDDLE SCHOOL CONSTRUCTION 0 0 0 17375000 17182056 192944 2007 0 1 1 1 16125000 173848 15951153 2007 0 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 1 JPMORGAN CHASE 14.500000000000 0 0 0 1 0 0 1 1 JPMORGAN CHASE 14.500000000000 0 0 0 0 0 SCHEDULE K, PART IV, LINE 3C BOND A: SERIES 2005 A HEDGE: THREE SWAPS AS FOLLOWS: 20 YEAR SWAP ENTERED INTO DECEMBER 28, 2005, EXPIRING JANUARY 1, 2026. 17 YEAR SWAP ENTERED INTO MAY 2008, EXPIRING JANUARY 1, 2026. THIRD SWAP ENTERED INTO DECEMBER 28, 2005, EXPIRED AUGUST 1, 2008 CONCURENT WITH FULL REPAYMENT OF SERIES 1998 BONDS BY THE BOND ESCROW TRUSTEE. BOND B: SERIES 2005B HEDGE: TWO SWAPS AS FOLLOWS: 20 YEAR SWAP ENTERED INTO DECEMBER 28, 2005, EXPIRING JANUARY 1, 2026. 17 YEAR SWAP ENTERED INTO MAY 2008, EXPIRING JANUARY 1, 2026. NA N/A 30000 FINANCIAL AID FORM 990, SCHEDULE L, PART III FOR CONFIDENTIALITY PURPOSES THE NAMES OF INDIVIDUALS RECEIVING FINANCIAL ASSISTANCE ARE NOT DISCLOSED. THE FAMILY MEMBERS OF CERTAIN BOARD MEMBERS HAVE RECEIVED FINANCIAL ASSISTANCE. THE PROCESS FOR DETERMINING FINANCIAL ASSISTANCE IS DESCRIBED ON SCHEDULE I AND THE PROCESS FOR DETERMINING ELIGIBILITY FOR ANY FINANCIAL ASSISTANCE IS THE SAME FOR BOARD MEMBER FAMILY MEMBERS AS IT IS FOR ANY OTHER INDIVIDUAL RECEIVING ASSISTANCE. ANY BOARD MEMBERS RECEIVING FINANCIAL ASSISTANCE ARE NOT INVOLVED IN DETERMINING THESE FINANCIAL ASSISTANCE DECISIONS. X 19 153205 AVG.HIGH/LOW AT SALE DAT X JEWELRY 1 10000 FMV/LETTER FROM JEWELER 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS ARE ONE PARENT OR GUARDIAN PER FAMILY ENROLLED IN THE SCHOOL. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS PREPARED BY THE SCHOOL'S DIRECTOR OF FINANCE AND ACCOUNTING. IT IS THEN SUBMITTED TO THE SCHOOL'S OUTSIDE TAX ADVISOR FOR REVIEW. ONCE THE DIRECTOR CLEARS THE TAX ADVISOR'S QUESTIONS AND COMMENTS THE FORM IS REVIEWED BY THE SCHOOL'S FINANCE COMMITTEE. THE TAX ADVISOR, SCHOOL MANAGEMENT AND FINANCE COMMITTEE REVIEW THE 990 TOGETHER. AFTER THE FINANCE COMMITTEE APPROVES THE RETURN, IT IS MADE AVAILABLE TO THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, KEY EMPLOYEES, AND TRUSTEES ARE REQUIRED TO FILL OUT AND FILE WITH THE SCHOOL A CONFLICT OF INTEREST STATEMENT ON AN ANNUAL BASIS. SENIOR MANAGEMENT REVIEWS THESE STATEMENTS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL HAS A COMPENSATION COMMITTEE WHICH IS A COMMITTEE OF THE BOARD OF TRUSTEES. THE COMPENSATION COMMITTEE DOES REVIEW, USING JRPO DATA (A BENCHMARK GROUP OF PEER SCHOOLS) AND OTHER INDEPENDENT DATA, TO EVALUATE COMPENSATION FOR KEY EMPLOYEES. THE COMPENSATION COMMITTEE CONSISTS OF THE CURRENT BOARD CHAIR, PAST BOARD CHAIR, AND THE OFFFICERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE NOT MADE AVAILABLE TO THE PUBLIC. THE SCHOOL'S FINANCIAL STATEMENTS ARE AVAILABLE THROUGH THE STATE OF ILLINOIS' ATTORNEY GENERAL'S OFFICE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 4,184,534. HIGH JUMP INC 59 W NORTH BLVD CHICAGO IL 60610 364470186 ENRICHMENT PROGRAM FOR TALENTED MS STUDENTS WITH LIMITED FAMILY RESOURCES IL 501(C)(3) 509(A)(7) 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 HIGH JUMP INC P 469150 FMV HIGH JUMP INC B 159944 FMV