2011-07-15T13:39:01-05:00 2010-08-31 SIKICH LLP 998 CORPORATE BLVD AURORA IL 60502 990 2009-09-01 202059533 NORTHERN KANE EDUCATIONAL CORP NORT 6303552050 900 WESTER BOULEVARD PINGREE GROVE IL 60140 LARRY FUHRER 6303552050 2011-07-15 1 Andrew Twardowski 6305668400 2009 2016-02-24 21:20:13Z LARRY FUHRER 900 WESTER BOULEVARD PINGREE GROVE IL 60140 4694191 0 X N/A X 2004 IL to provide a high achievement learning environment while addressing financial, space and educational delivery issues within a rapidly-expanding, large school district. 9 5 78 98 0 0 320470 303405 3388483 4309768 17859 676 22145 49176 3748957 4663025 0 0 2329238 2625580 0 0 2569066 2506191 4898304 5131771 -1149347 -468746 15098530 14952107 12565020 12887343 2533510 2064764 to provide a high achievement learning environment while addressing financial, space and educational delivery issues within a rapidly-expanding, large school district. 0 0 3689180 4143274 CAMBRIDGE LAKES CHARTER SCHOOL PROVIDES DISTRICT 300 FAMILIES WITH AN ALTERNATIVE COMMUNITY SCHOOL CHOICE FOR STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE. DURING THE 2010 SCHOOL YEAR, 489 STUDENTS WERE ENROLLED. 619918 110269 CAMBRIDGE LAKES PRESCHOOL OFFERS TUITION-BASED PRESCHOOL FOR 3- AND 4-YEAR-OLDS USING HIGH SCOPE METHODS. MIXED-AGE OFFERING IN COLLABORATION WITH PRESCHOOL FOR ALL, A STATE INITIATIVE. FAMILIES THAT QUALIFY RECEIVE PRESCHOOL PARTICIPATION AT NO COST. THE CHILDREN LEARN FROM ILLINOIS-CERTIFIED EARLY CHILDHOOD TEACHERS. DURING THE 2010 SCHOOL YEAR, 39 THREE YEAR OLDS AND 36 FOUR YEAR OLDS WERE ENROLLED. 18732 48460 SCHOOL'S OUT PROVIDES STUDENTS WITH LEARNING ENRICHMENT FOR CORE SUBJECTS AND OPPORTUNITIES TO EXPLORE ART, MUSIC, TECHNOLOGY, FITNESS AND SPORTS.SCHOOL'S OUT SUMMER FUN PROVIDES A 2-WEEK CAMP EXPERIENCE SIX TIMES DURING THE SUMMER. SCHOOL'S OUT COMMUNITY FUN SERVES ADULTS AND FAMILIES. ENROLLMENT IN THE SCHOOL'S OUT PROGRAM FOR THE 2010 SCHOOL YEAR WAS BETWEEN 118 AND 135 PARTICIPANTS. 6150 7765 CAMBRIDGE ADULT ACADEMY 6150 7765 4333980 1 1 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 45 0 1 78 1 0 0 0 0 0 0 0 0 0 9 5 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 1 0 X The Organization 6303552050 900 WESTER BOULEVARD PINGREE GROVE IL 60140 Julie Mahaffey 1.00 X 0 0 0 Stacey Ruiz 1.00 X 0 0 0 Kristen Lehman 1.00 X 0 0 0 Moses Mutuku 1.00 X 0 0 0 holly Blair-Cascio 57.00 X 42342 0 4080 richard Raab 33.00 X 26750 0 4080 KAREN BEHRNS 58.00 X 65920 0 4080 DIANE SCHAEL 50.00 X 50133 0 4080 TRACY WAHL 55.00 X 47833 0 4080 Larry Fuhrer 103.00 X X 0 0 0 Tim Loversky 2.00 X X 0 0 0 Sylvia Polletta 50.00 X X 44383 0 4080 MARG BOGNER 30.00 X 14299 0 700 291660 0 25180 0 0 0 0 HODGES LOIZZI EISENHAMMER RODICK AND 3030 SALT CREEK LANE SUITE 202 ARLINGTON HEIGHTS IL 60005 LEGAL SERVICES 189088 PRESIDENTIAL SERVICES LTD 2808 WILLOW RIDGE DRIVE NAPERVILLE IL 60564 MANAGEMENT & SUPPORT SERVICES; CEO 120000 2 279523 23882 13652 303405 CHARTER SCHOOL TUITION 900099 3927411 3927411 PRESCHOOL TUITION 900099 110269 110269 LUNCH FEES 900099 80224 80224 REGISTRATION FEES 900099 76355 76355 SCHOOL'S OUT PROGRAM 900099 48460 48460 67049 67049 4309768 676 676 45214 31166 14048 14048 2939 2939 2939 REFUND ON CONTRACT 900099 30000 30000 MISCELLANEOUS INCOME 900099 2189 2189 32189 4663025 4309768 0 49852 335554 151788 183766 1931307 1903595 27712 197321 168019 29302 161398 149715 11683 189088 189088 31995 31995 231262 96382 134880 34210 24145 10065 1844 476 1368 22057 17464 4593 96595 82461 14134 39380 5807 33573 723599 716362 7237 774371 754916 19455 64502 64502 SUPPLIES 86679 68695 17984 LUNCH 85888 85364 524 REPAIRS AND MAINTENANCE 81765 74408 7357 TELEPHONE AND DATA LINE 37054 34383 2671 BANK FEES 5902 5902 5131771 4333980 797791 0 365210 220415 1319696 1239693 12406 20000 21105 100385 14669221 2260872 12408940 12408349 971173 963265 15098530 14952107 492002 188214 75776 108409 11977289 11720313 19953 870407 12565020 12887343 X 2474354 2027596 59156 37168 2533510 2064764 15098530 14952107 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1800000 1800000 10032522 1289674 8742848 1557860 777122 780738 1278839 194076 1084763 12408349 BOND ISSUANCE COST 151518 BOND PROCEEDS HELD IN TRUST 811627 ACCRUED INTEREST RECEIVABLE 120 963265 4663025 5131771 -468746 0 -468746 4694191 31166 31166 4663025 0 4663025 5162937 31166 31166 5131771 0 5131771 Part X: Description of Uncertain Tax Positions Under FIN 48: During the fiscal year ended August 31, 2010, the Nonprofit Corporation adopted the authoritative guidance issued by the Financial Accounting Standards Board (FASB) that clarifies the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribes a recognition threshold of more-likely-than-not to be sustained upon examination. Measurement of the tax uncertainty occurs if the recognition threshold has not been met. This guidance also addresses derecognition, classification, interest and penalties, disclosure, and transition. The Nonprofit Corporation conducts business solely in the U.S. and, as a result, files income tax returns for U.S. and Illinois. In the normal course of business, the Nonprofit Corporation is subject to examination by taxing authorities. The Nonprofit Corporation's tax returns for years subsequent to fiscal 2006 are open, by statute, for review by authorities. However, at present, there are no ongoing income tax audits or unresolved disputes with the various tax authorities that the Nonprofit Corporation currently files or has filed with. The Nonprofit Corporation does not believe there are any material uncertain tax positions and, accordingly, has not recognized a liability for unrecognized tax benefits. No interest or penalties were accrued as of August 31, 2010, as a result of the adoption of this guidance. Part XII, Line 2d - Other Adjustments: SPECIAL EVENT DIRECT EXPENSE: 31166. Part XIII, Line 2d - Other Adjustments: SPECIAL EVENT DIRECT EXPENSE: 31166. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 THE ILLINOIS STATE BOARD OF EDUCATION AWARDED TWO GRANTS TO NORTHERN KANE IN THE AMOUNTS OF $199,523 AND $80,000. 1 FUN FAIR 6997 6997 1518 ART TO REMEMBER 6344 6344 4748 19 31873 31873 24900 45214 45214 31166 31166 14048 VILLAGE OF LAKE IN THE HILLS 366009195 510021AJ7 2007-06-01 1600000 TO FURNISH CLASSROOMS AND OFFICES AT CAMBRIDGE LAKES LEARNING CENTER 0 0 VILLAGE OF PINGREE GROVE 361188432 72342PAA8 2007-01-01 10565000 TO CONSTRUCT SCHOOL BUILDINGS 0 0 1600000 32000 1600000 2007 0 0 1 1 10565000 811627 147635 9844373 2007 0 0 1 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 Presidential Services Ltd THE OWNER OF PRESIDENTIAL SERVICES, LTD. IS ALSO THE CEO OF NKEC 120000 PROVIDED MANAGEMENT AND SUPPORT SERVICES OF NKEC AS THE CEO OF NKEC 0 Form 990, Part VI, Section A, line 3 THE CEO FOR NORTHERN KANE IS AN INDEPENDENT CONTRACTOR. DUTIES OF THE CEO INCLUDE HIRING, FIRING, SUPERVISING PERSONNEL, BUDGETING, SUPERVISING FINANCIAL OPERATIONS, STRATEGIC PLANNING AND FUNDRAISING. THE CEO ALSO SERVES AS THE LIASON WITH INVESTMENT BANKERS, BOND TRUSTEE, ATTORNEYS, AND ACCOUNTANTS. Form 990, Part VI, Section B, line 11 Larry Fuhrer, CEO reviews all schedules. After a draft of the 990 is received, it will be distributed to the Board for their review. Form 990, Part VI, Section B, line 12c Directors and Officers are covered under the policy. Directors and officers have been instructed from the beginning of the Corporation to disclose as they occur any conflicts of interest. The board monitors potential conflicts between members and other entities. New vendors or transactions are screened for possible conflicts. The roles of officers and directors in outside interests are also monitored for potential conflict. An Interested party cannot vote on a transaction. There is no limit to the amount of a transaction; all are approved by the Board. Form 990, Part VI, Section B, line 15b THE CEO DETERMINES COMPENSATION OF OFFICERS BY USING RUBRICS TO EVALUATE STAFF AND PAY IS BASED ON THE RESULTS OF THE EVALUATIONS. Form 990, Part VI, Section C, line 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.