2011-07-28T15:18:17-05:00 2010-12-31 CLIFTON GUNDERSON LLP 1301 W 22ND ST STE 1100 OAK BROOK IL 60523 990 2010-01-01 364279013 CHICAGO PUBLIC EDUCATION FUND CHIC 3125584500 200 WEST ADAMS STE 2150 CHICAGO IL 606065230 JASON CASCARINO 3125584500 2011-07-26 1 GREGORY S ADAMS 6305738600 2010 2016-03-07 17:11:31Z JASON CASCARINO 200 W ADAMSSUITE 2150 CHICAGO IL 60606 2124063 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. 21 20 16 73 0 0 708951 2083591 0 0 111485 40472 0 0 820436 2124063 1873687 891709 0 0 1735291 1819022 0 0 107580 1111934 741476 4720912 3452207 -3900476 -1328144 15596642 14161504 346678 258122 15249964 13903382 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 1688182 510772 HUMAN CAPITAL STRATEGYIN FUND III, THE FUND SET OUT TO HIRE THE BEST PRINCIPALS AND TEACHERS FOR CHICAGO'S SCHOOLS AND CLASSROOMS AND TO MEANINGFULLY EVALUATE THEIR PERFORMANCE. TO START, THE FUND DEVELOPED A TOOL THAT PROVIDES USEFUL DATA TO CPS REGARDING TEACHER VACANCIES TO INFORM SOURCING, STAFFING AND SCHOOL ORGANIZATION DECISION-MAKING. ALSO, FOR THE FIRST TIME, THE FUND WORKED WITH CPS TO COLLECT COGNITIVE MEASURES (GPA, UNDERGRADUATE COMPETITIVENESS, BASIC SKILLS TEST) FROM TEACHER CANDIDATES TO ANALYZE CORRELATIONS WITH VALUE-ADDED STUDENT ACHIEVEMENT OUTCOMES. TO EVALUATE TALENT, THE FUND WORKED CLOSELY WITH CPS ON DEVELOPING A NEW PERFORMANCE EVALUATION FRAMEWORK FOR TEACHERS. THE NEW FRAMEWORK WILL HELP CPS MEET NEW STATE MANDATES FOR TEACHER EVALUATION AND INCLUDE MEASURES FOR BOTH TEACHER PRACTICE THROUGH MORE RIGOROUS CLASSROOM OBSERVATIONS AND OF STUDENT ACADEMIC GROWTH. 933707 282500 NATIONAL BOARD CERTIFICATION FOR EDUCATIONAL LEADERSSINCE 2000, THE FUND'S SUPPORT OF NATIONAL BOARD CERTIFIED TEACHERS (NBCT) HAS INCREASED THE NUMBER OF NBCTS IN CHICAGO PUBLIC SCHOOLS FROM 11 TO MORE THAN 1,800. MORE THAN 80,000 CHICAGO STUDENTS ARE BEING TAUGHT BY NBC TEACHERS AND THREE-QUARTERS OF SCHOOLS WITH NBC TEACHERS ARE 85 PERCENT OR MORE LOW INCOME. ANALYSES FOUND THAT THE VAST MAJORITY OF NBC TEACHERS IN CHICAGO HAVE MORE STUDENTS PERFORMING AND TRENDING WELL WHEN COMPARED TO OTHER VETERAN CPS TEACHERS. TO EXPAND A SIMILAR FOCUS TO PRINCIPALS, THE FUND MADE AN INVESTMENT IN NATIONAL BOARD FOR PROFESSIONAL TEACHING STANDARDS (NBPTS), WHICH MANAGES NBC, TO CREATE A NATIONAL CERTIFICATION FOR PRINCIPALS, NATIONAL BOARD CERTIFICATION FOR EDUCATIONAL LEADERS (NBCEL). THE CERTIFICATION PROCESS IS A COMPREHENSIVE PROFESSIONAL DEVELOPMENT OPPORTUNITY, COMPRISED OF A SERIES OF ASSIGNMENTS THAT ASSESS ACCOMPLISHED PRINCIPAL PRACTICES WITH A FOCUS ON STUDENT ACHIEVEMENT AND SCHOOL EFFECTIVENESS. THROUGHOUT THE LAST YEAR, THE FUND WORKED WITH NBPTS ON THE NBCEL FIELD TEST THAT INCLUDED 256 PARTICIPATING PRINCIPALS - 17 FROM CPS AND 28 FROM ILLINOIS. 260198 78725 TEACHER SELECTION TOOLTHE FUND SEEDED AND LED THE CUSTOMIZATION FOR CPS'S FIRST ONLINE FIT ASSESSMENT FOR TEACHER APPLICANTS, WHICH WILL ALLOW CPS TO IDENTIFY THOSE MOST LIKELY TO BE SUCCESSFUL IN CHICAGO'S URBAN TEACHING ENVIRONMENT AND FEED THOSE CANDIDATES TO PRINCIPALS FOR HIRING. 167440 19712 OTHEROTHER PROGRAM ACTIVITIES SUPPORT A PROFESSIONAL COMPENSATION AND DEVELOPMENT PROGRAM FOR CHICAGO EDUCATORS, CHICAGO TEACHER ADVANCEMENT PROGRAM (TAP), AS WELL AS A PILOT PROGRAM AND STRATEGIC PLAN FOR EXPANDED LEARNING TIME (ELT) AT CPS. LEVERAGING THE FUND'S STRONG TRACK RECORD OF SEEDING NEW VENTURES IN CHICAGO AND UPON THE REQUEST OF THE DISTRICT, THE FUND AGREED TO PROVIDE STRATEGIC MANAGEMENT ASSISTANCE TO EXPLORE HOW ONLINE LEARNING CAN POSITIVELY IMPACT CHICAGO PUBLIC SCHOOLS IN MATH AND READING. THE FUND WORKED WITH CPS ON AN ONLINE LEARNING PILOT, ONE OF THE LARGEST IN THE COUNTRY, TO TEST ITS VIABILITY AT THE SCHOOL LEVEL AND LEVERAGED PRIVATE SECTOR EXPERTISE TO DEVELOP A STRATEGIC PLAN FOR ELT IN CHICAGO. THE FUND GENERALLY DOES NOT RAISE FUNDS FOR A SPECIFIC PROGRAM SERVICE. INSTEAD, PROGRAM SERVICES ARE FUNDED THROUGH GENERAL OPERATING FUNDS. 167440 19712 3049527 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 16 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 20 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X BILL KIOLBASA 3125584500 200 WEST ADAMS SUITE 2150 CHICAGO IL 606065230 PENNY PRITZKER 4.00 X X 0 0 0 KENNETH GRIFFIN 3.00 X X 0 0 0 HELEN ZELL 3.00 X X 0 0 0 JANET KNUPP 55.00 X X X 352700 0 26300 BARBARA MALOTT-KIZZIAH 3.00 X X 0 0 0 JANA SCHREUDER 3.00 X X 0 0 0 BRUCE RAUNER 1.00 X 0 0 0 TIMOTHY SCHWERTFEGER 1.00 X 0 0 0 SCOTT SMITH 2.00 X 0 0 0 BRIAN SIMMONS 3.00 X X 0 0 0 MELLODY HOBSON 1.00 X 0 0 0 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 JILL GARLING 2.00 X 0 0 0 SIDDHARTH BOBBY MEHTA 2.00 X 0 0 0 CLARE MUNANA 1.00 X 0 0 0 PATRICIA SALDANA NATKE 1.00 X 0 0 0 EDWARD RUST JR 1.00 X 0 0 0 RALPH RYDHOLM 1.00 X 0 0 0 ERIK FYRWALD 1.00 X 0 0 0 BILL CHAFETZ 55.00 X X 230000 0 9200 JASON CASCARINO 55.00 X 140875 0 5635 KATHLEEN ST LOUIS 55.00 X 137200 0 5488 PATRICK HAUGH 55.00 X 115000 0 4600 SARAH MAYEDA 55.00 X 100588 0 4024 1076363 0 55247 6 0 1 0 THE PARTHENON GROUP 200 STATE ST BOSTON MA 02109 STRATEGIC CONSULTING 261708 1 2083591 2083591 40472 40472 2124063 0 0 40472 847959 847959 43750 43750 910052 791925 93502 24625 647592 563225 62262 22105 16500 14355 1650 495 154373 134305 15437 4631 90505 78739 9051 2715 56945 34167 22778 34431 13772 20659 48584 33597 12764 2223 27191 19034 8157 75381 54807 8825 11749 107520 91392 12365 3763 191095 162431 21976 6688 27253 24528 2725 52330 35281 17049 67 67 92107 78291 10592 3224 4470 3800 514 156 PROGRAM SUPPORT 14850 14850 EVALUATION ADVISORY COU 9252 9252 3452207 3049527 295100 107580 325486 879534 5985721 8072168 9082192 5055661 8556 11114 342663 204232 190091 138431 4596 4596 15596642 14161504 49085 41591 55808 241785 216531 346678 258122 X 6167772 8847721 9082192 5055661 15249964 13903382 15596642 14161504 X -1328144 -18438 X 0 1 1 X 0 X 2051316 5547638 16401706 708951 2083591 26793202 2051316 5547638 16401706 708951 2083591 26793202 11014649 15778553 220155 265859 144939 122508 40472 793933 27587135 0.57200 0.54790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 3452207 0 3452207 322610 80653 0 0 500 386046 0 386546 579819 2500 500 0 3000 125 96512 0 96637 144956 0 221322 133450 87872 121341 70782 50559 138431 DEFERRED RENT 138907 DEFERRED COMPENSATION 61433 CAPITAL LEASE OBLIGATION 3991 ACCRUED EXPENSES 12200 216531 2124063 3452207 -1328144 -18438 -18438 -1346582 2110125 -18438 4500 -13938 2124063 0 2124063 3456707 4500 4500 3452207 0 3452207 1 NATIONAL BOARD FOR PROFESSIONAL TEACHING STANDARDS 1525 WILSON BLVD SUITE 500 ARLINGTON VA 22209 521512323 501(C)(3) 282500 SUPPORT OF NOT-FOR-PROFIT ORGANIZATION CHICAGO TEACHERS UNION 222 MERCHANDISE MART STE 400 CHICAGO IL 60654 237076885 501(C)(4) 22712 SUPPORT OF NOT-FOR-PROFIT ORGANIZATION CHICAGO PUBLIC SCHOOLS 125 S CLARK STREET CHICAGO IL 60603 366005881 N/A 542747 SUPPORT OF NOT-FOR-PROFIT ORGANIZATION HONORARIA TO CHICAGO PUBLIC SCHOOL TEACHERS FOR PARTICIPATION IN FIT ASSESSMENT STUDY 750 18750 DIANA FERGUSON 1 25000 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. AT LEAST ONCE ANNUALLY, ONE OF THE BENCHMARKS CALLS FOR THE GRANTEE TO COMPLETE A COMPREHENSIVE SCORECARD DETAILING ITS ACHIEVEMENTS TO DATE. ACCEPTABLE ACHIEVEMENTS ARE JOINTLY AGREED UPON AT THE TIME THE FUND COMMITS TO THE GRANT, AND THE ANNUAL SCORECARD SHOWS THE PROGRESS AGAINST THESE SHARED GOALS. SINCE THE FUND'S STAFF SHARE RESPONSIBILITY FOR THE ACHIEVEMENT OF BENCHMARKS AND SCORECARD GOALS, 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 AND SCORECARD GOALS. SINCE THE FUND MAKES INVESTMENTS TO BUILD THE CAPACITY OF OUR GRANTEES, WE DO NOT PLACE RESTRICTIONS ON THE USE OF OUR GRANT DOLLARS, PROVIDED THAT THESE BENCHMARKS AND SCORECARD GOALS ARE BEING MET IN A TIMELY MANNER. X X X 0 1 0 0 0 0 0 0 0 JANET KNUPP 265200 0 87500 0 0 0 26300 0 0 0 379000 0 345000 0 BILL CHAFETZ 200000 0 30000 0 0 0 9200 0 0 0 239200 0 0 0 SUPPLEMENTAL INFORMATION PART III PART I, LINE 4B: JANET KNUPP, FOUNDING PRESIDENT & CEO TOTAL AMOUNT PAID = $16,500 FORM 990, PART VI, SECTION A, LINE 2 JANET KNUPP AS A DIRECTOR AND CEO OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11 1. THE FINANCE DEPARTMENT COMPILES ALL SUPPORTING DOCUMENTS FOR EACH QUESTION ON THE FORM RELATED TO THE FUND'S FINANCIAL AFFAIRS. 2. AREAS RELATED TO THE PROGRAMMATIC ACTIVITIES OF THE ORGANIZATION ARE DELEGATED TO PROGRAM MANAGEMENT FOR INPUT. 3. THE DIRECTOR OF OPERATIONS PERFORMS A FULL REVIEW OF ALL DATA COLLECTED AND RECORDED ON THE FORM 990. 4. ONCE FINALIZED AND REVIEWED, THE FORM 990 IS PROVIDED TO THE FOUNDING PRESIDENT & CEO FOR REVIEW. 5. THE FINAL STEP IN THE PROCESS IS TO PROVIDE THE FORM 990 TO THE OPERATIONS, FINANCE AND AUDIT COMMITTEE AND THE BOARD FOR REVIEW AND APPROVAL BEFORE BEING FILED. THIS IS DONE DURING A ONE-WEEK REVIEW PERIOD VIA EMAIL. FORM 990, PART VI, SECTION B, LINE 12C SHORTLY AFTER EACH NEW DIRECTOR JOINS THE FUND'S BOARD, THAT DIRECTOR IS PROVIDED AN ORIENTATION SESSION DURING WHICH MANAGEMENT BRIEFS A BOUND ORIENTATION PACKET FOR THE DIRECTOR TO KEEP AS A REFERENCE. THE CONFLICT OF INTEREST POLICY IS INCLUDED IN THE PACKET AND DISCUSSED AT THE ORIENTATION. ADDITIONALLY, INVESTMENT COMMITTEE CHAIRMEN ARE RESPONSIBLE FOR ENSURING THAT ANY COMMITTEE OR BOARD MEMBER WHO HAS A POTENTIAL CONFLICT STATES SUCH CONFLICT AND RECUSES HIM OR HERSELF FROM THE DISCUSSION AND VOTE RELATING TO THE CONFLICT. AS PART OF STAFF MEMBERS' DUE DILIGENCE SURROUNDING ANY POTENTIAL INVESTMENT OR VENDOR, POTENTIAL CONFLICTS OF INTEREST WITH BOARD AND STAFF MEMBERS ARE EXPLORED. IF THE STAFF MEMBER BRINGING FORTH A RECOMMENDATION UNCOVERS A POTENTIAL CONFLICT, HE OR SHE MUST INFORM THE INVESTMENT COMMITTEE CHAIRMAN AND HELP TO ENSURE THAT THE PARTY WITH THE POTENTIAL CONFLICT FOLLOWS THE PROCEDURES STATED IN THIS POLICY. WITH RESPECT TO STAFF, ALL FUND PERSONNEL ARE REQUIRED TO ANNUALLY REVIEW AND CONSENT TO THE ORGANIZATION'S CODE OF ETHICS POLICY, WHICH COVERS CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD SHALL REVIEW AND APPROVE THE COMPENSATION FOR THE PRESIDENT. THE POLICY OF THE FUND IS TO PROVIDE COMPENSATION TO THE PRESIDENT THAT REFLECTS THE RELATIVE IMPACT OF THE FUND AS COMPARED TO PEER ORGANIZATIONS. THE EXECUTIVE COMMITTEE WILL ACCOMPLISH THIS POLICY IN THE FOLLOWING MANNER: - SET INITIAL BASE SALARY BY CONSIDERING MARKET DATA AND THE PRESIDENT'S TRACK RECORD FOR ACHIEVING RESULTS, SKILLS, AND JOB RESPONSIBILITIES. -SET ANNUAL SALARY INCREASES AND BONUSES BASED ON EXTERNAL EQUITY WITH PEER ORGANIZATIONS' COMPENSATION PACKAGES AND THE FUND'S ANNUAL PERFORMANCE, AS REPORTED ON THE PERFORMANCE EVALUATIONS OF THE PRESIDENT SUBMITTED TO THE BOARD CHAIR BY THE EXECUTIVE COMMITTEE MEMBERS. - SET CONTRIBUTIONS TO A DEFERRED COMPENSATION PLAN BASED ON THE AFOREMENTIONED FACTORS AND CONSIDERING THE EXTENT TO WHICH THE FUND'S CONTRIBUTION TO THE PRESIDENT'S 401(K) IS LIMITED TO A LOWER PERCENTAGE OF THE PRESIDENT'S EARNINGS THAN THE FUND'S 401(K) PLAN AFFORDS OTHER STAFF MEMBERS. - CONSIDER WHETHER ADDITIONAL TYPES OF COMPENSATION SHOULD BE PAID TO THE PRESIDENT IN ORDER TO REMAIN COMPETITIVE WITH EXTERNAL PEER ORGANIZATIONS' COMPENSATION PACKAGES. - COMMUNICATE ANNUAL PERFORMANCE REVIEW, SALARY INCREASE, BONUS, CONTRIBUTION TO DEFERRED COMPENSATION PLAN AND ANY OTHER COMPENSATION MATTERS TO THE PRESIDENT AT YEAR-END. 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: -18,438.