2026-09-22T07:18:15-05:00 2025-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 1707 N RANDALL ROAD STE 200 ELGIN IL 60123 990 2025-01-01 364279013 CHICAGO PUBLIC EDUCATION FUND CHIC 3125584500 200 WEST ADAMS 1175 CHICAGO IL 606065230 HEATHER Y ANICHINI PRESIDENT & CEO 3125584500 2026-09-18 1 MELANIE MCPEAK P01346034 8478888600 2025 HEATHER Y ANICHINI 200 WEST ADAMS 1175 CHICAGO IL 606065230 16411315 0 X WWW.THEFUNDCHICAGO.ORG X 1999 IL THE CHICAGO PUBLIC EDUCATION FUND (THE FUND) SUPPORTS STRONG PUBLIC SCHOOLS CITYWIDE BY INVESTING IN THE TALENTED EDUCATORS WHO LEAD THEM. IN 2025, OUR PROGRAMS AND PARTNERSHIPS SUPPORTED 175 SCHOOL LEADERS (PRINCIPALS), 199 ASPIRING PRINCIPALS (ASSISTANT PRINCIPALS, INSTRUCTIONAL LEADERS, AND TEACHER LEADERS), 34 PRINCIPAL SUPERVISORS (NETWORK CHIEFS AND DEPUTY CHIEFS), AND 22 LOCAL SCHOOL COUNCIL (LSC) MEMBERS IN CHICAGO'S PUBLIC SCHOOLS, SERVING OVER 149,000 STUDENTS ACROSS THE CITY. WE PRIORITIZED BROAD EDUCATOR ENGAGEMENT THROUGH COMMITMENTS TO OUR ANNUAL PRINCIPAL AND ASSISTANT PRINCIPAL (AP) ENGAGEMENT SURVEYS AND PRINCIPAL AND AP APPRECIATION CAMPAIGNS. IN ADDITION, AS ACTIVE PARTICIPANTS IN CHICAGO'S EDUCATION COMMUNITY, WE MAINTAINED SYSTEMS AND DATA THAT INFORMED OUR PROGRAMMATIC EFFORTS AND HELPED ACCELERATE IMPROVEMENTS FOR SCHOOL LEADERS AND THEIR SCHOLARS. WE LEVERAGED DATA TO CONDUCT POLICY ANALYSES THAT WERE SHARED WITH KEY POLICYMAKERS, INCLUDING THE LEADERSHIP 23 22 39 23 0 0 2989953 4891320 0 0 636250 787264 0 0 3626203 5678584 1144689 1352650 0 0 3270086 4007663 0 0 420347 2625001 2928054 7039776 8288367 -3413573 -2609783 39662525 37428254 1829151 1573048 37833374 35855206 X THE CHICAGO PUBLIC EDUCATION FUND (THE FUND) IS A NONPROFIT ORGANIZATION THAT IMPROVES PUBLIC SCHOOLS IN CHICAGO BY INVESTING IN THE TALENTED EDUCATORS WHO LEAD THEM. 0 1 3958856 1208272 PROGRAMMATIC SUPPORTSPROGRAMS: DESIGN, LEADERSHIP BRIDGE, MALOTT, MASTERCLASS, NETWORK, PROFESSIONAL LEARNING COMMUNITIES, & PIPELINETHE FUND INVESTS IN DIRECT SUPPORT FOR SCHOOL LEADERS THROUGH PROGRAMS DESIGNED TO MEET THEM WHERE THEY ARE. OUR PROGRAMS ARE OPEN TO ALL SCHOOL LEADERS (PRINCIPALS), ASPIRING PRINCIPALS (ASSISTANT PRINCIPALS, INSTRUCTIONAL LEADERS, AND TEACHER LEADERS), AND PRINCIPAL SUPERVISORS ACROSS CHICAGO'S PUBLIC SCHOOLS. WE USE REAL-TIME DATA ON SCHOOL LEADERS' NEEDS AND STUDENT LEARNING TO PILOT, REFINE, AND SUSTAIN WHAT WORKS.ONE OF OUR MOST POPULAR PROGRAMS, THE FUND'S PROFESSIONAL LEARNING COMMUNITIES (PLCS) OFFERED A STRUCTURED SPACE FOR PRINCIPALS TO LEARN FROM DATA, COLLEAGUES, AND PEER ACCOUNTABILITY. LED BY EDUCATIONAL LEADERS, THESE PEER-STUDY GROUPS SPANNED 12 TOPICS IN SEMESTER-LENGTH SESSIONS, ENABLING SCHOOL LEADERS TO BENEFIT FROM MULTIPLE TOPICS THROUGHOUT THE YEAR AND EARN ILLINOIS ADMINISTRATOR ACADEMY CREDITS TOWARD ANNUAL CERTIFICATION REQUIREMENTS. IN 2025, 93 UNIQUE SCHOOL LEADERS AND 12 PLC LEADERS PARTICIPATED IN A PLC.OUR MASTERCLASS LEARNING SERIES OFFERED RESPONSIVE PROFESSIONAL DEVELOPMENT TAILORED TO SCHOOL LEADERS' CHANGING NEEDS. MASTERCLASSES REQUIRED SHORTER COMMITMENTS THAN OTHER FUND PROGRAMS, WHICH ALLOWED US TO ADAPT TO PARTICIPANT NEEDS THROUGHOUT THE YEAR. IN 2025, 166 PRINCIPALS AND ASPIRING PRINCIPALS ENROLLED IN A MASTERCLASS ON TOPICS SUCH AS REDUCING CHRONIC ABSENTEEISM, IMPROVING GRADING PRACTICES, AND EFFECTIVE TIME MANAGEMENT. COMPLEMENTING THIS WORK, OUR INTERCONNECTED DESIGN SUITE PROGRAMS ENABLED EDUCATOR TEAMS TO DEVELOP INNOVATIVE STUDENT-CENTERED SOLUTIONS USING DESIGN THINKING. PROGRAMS INCLUDED THE SUMMER DESIGN PROGRAM, DESIGN COACHING TO IMPLEMENT, AND THE DESIGN CHALLENGE. IN 2025, 54 PRINCIPAL- AND ASPIRING PRINCIPAL-LED EDUCATOR TEAMS PARTICIPATED.THE FUND ALSO OFFERED PROGRAMS TO SUPPORT SPECIFIC GROUPS OF SCHOOL LEADERS AND ASPIRING SCHOOL LEADERS. THE MALOTT EDUCATOR FELLOWSHIP PROVIDED MONTHLY FULL-DAY LEARNING LABS AND INDIVIDUALIZED COACHING DESIGNED TO HELP SCHOOL LEADERS ADDRESS CHALLENGES SUCH AS HIGH STUDENT MOBILITY AND CHRONIC ABSENTEEISM. IN 2025, WE PARTNERED WITH THE UNIVERSITY OF ILLINOIS CHICAGO'S CENTER FOR URBAN EDUCATION LEADERSHIP AND WISE LEADERSHIP CONSULTING TO SUPPORT 25 FELLOWS IN THEIR SECOND YEAR OF THE FELLOWSHIP. NOTABLY, FELLOWS INCREASED THEIR 5ESSENTIALS EFFECTIVE LEADERS SCORES BY 5.5 POINTS.OPERATED IN PARTNERSHIP WITH NEW LEADERS AND THE UNIVERSITY OF ILLINOIS CHICAGO, LEADERSHIP BRIDGE TARGETED THE CRITICAL NEED FOR HIGH-QUALITY, DIVERSE SCHOOL LEADERS IN CPS. THROUGH PROFESSIONAL DEVELOPMENT, EXPERT COACHING, AND COLLABORATION WITH CURRENT PRINCIPALS, LEADERSHIP BRIDGE HELPED 26 ASPIRING PRINCIPALS PREPARE TO SECURE CPS PRINCIPAL ROLES WITHIN THREE YEARS. AS AN EXTENSION OF THIS WORK TO STRENGTHEN AND DIVERSIFY THE PRINCIPAL PIPELINE, THE FUND CONVENED A PIPELINE PARTNERS COUNCIL (PPC) COMPRISED OF PRE-SERVICE PROGRAMS AND UNIVERSITIES FROM ACROSS CHICAGO. THE PPC CREATED A UNIQUE CITYWIDE FORUM FOR PARTNERS TO EXCHANGE FEEDBACK AND ALIGN EFFORTS.FINALLY, OUR NETWORK STRATEGY SUPPORTS PROGRAM DEEPENED OUR DECADE-LONG PARTNERSHIP WITH THE CPS OFFICE OF NETWORK SUPPORT (ONS). WE SUSTAINED QUARTERLY DATA WORK WITH 34 NETWORK CHIEFS AND DEPUTIES. IN COLLABORATION WITH THE UNIVERSITY OF WASHINGTON CENTER FOR EDUCATIONAL LEADERSHIP (UWCEL), AN ONS PARTNER CO-FACILITATED A PROFESSIONAL LEARNING COMMUNITY FOR 12 DEPUTY CHIEFS. WE ALSO OFFERED EIGHT PROFESSIONAL DEVELOPMENT GRANTS TO NETWORKS TO SUPPORT INITIATIVES THAT ENHANCED PRINCIPAL PRACTICE, SATISFACTION, DIVERSITY, AND RETENTION. 2124738 131878 SYSTEMS, DATA & POLICYPROGRAMS: CBOE, EAC, LSC, POLICY ENGAGEMENT, FIELD CATALYSTSTRONG SCHOOLS REQUIRE EFFECTIVE LOCAL LEADERSHIP AND A SHARED COMMITMENT TO STUDENT LEARNING. THE FUND'S SYSTEMS, DATA, AND POLICY WORK AIMS TO STRENGTHEN THESE CONDITIONS IN AND ACROSS SCHOOLS. WE SUPPORT PRINCIPALS, PRINCIPAL SUPERVISORS, LOCAL SCHOOL COUNCILS (LSCS), AND THE CHICAGO BOARD OF EDUCATION (CBOE) IN SERVING LOCAL COMMUNITIES AND CHICAGO'S YOUNG PEOPLE.IN 2025, THE FUND OFFERED ROBUST PROGRAMMING TO SUPPORT LOCAL SCHOOL COUNCILS (LSCS). OUR COMMUNITY ENGAGEMENT ACCELERATOR HELPED 7 SCHOOLS STRENGTHEN THEIR ENGAGEMENT WITH FAMILIES, STUDENTS, LSC MEMBERS, AND COMMUNITY PARTNERS, WITH A SPECIFIC FOCUS ON THE INVOLVED FAMILIES COMPONENT OF THE 5ESSENTIALS SURVEY. IN PARTNERSHIP WITH THE CPS DEPARTMENT OF PRINCIPAL QUALITY, THE LSC MENTORSHIP PROGRAM PAIRED 14 PRINCIPALS WITH 6 EXPERIENCED COLLEAGUES TO PROVIDE GUIDANCE THROUGH LSC MEETING VISITS, DEBRIEFING SESSIONS, AND ACTION PLANNING. THE LSC MASTERCLASS SERIES COMPLEMENTED THIS WORK WITH SESSIONS ON EFFECTIVE COMMUNICATION, TRANSPARENT DECISION-MAKING, AND MEANINGFUL COMMUNITY ENGAGEMENT. FINALLY, LSC WORKING GROUPS CONVENED 22 LSC MEMBERS TO DEVELOP PRACTICAL TOOLS TO STRENGTHEN LSC EFFECTIVENESS, INCLUDING AN LSC SELF-ASSESSMENT TOOL TO HELP COUNCILS EVALUATE THEIR PRACTICES AND IDENTIFY OPPORTUNITIES FOR GROWTH.THE FUND'S EDUCATOR ADVISORY COMMITTEE (EAC) ENSURED SCHOOL LEADERS' EXPERTISE INFORMED AND IMPROVED OUR WORK. COMPOSED OF 26 PRINCIPALS AND 13 ASSISTANT PRINCIPALS, OUR EAC PROVIDED ONGOING FEEDBACK ON OUR PROGRAMS, IDENTIFIED CONDITIONS REQUIRED FOR STRONG LEADERSHIP, SHAPED OUR POLICY AGENDA, AND BUILT RELATIONSHIPS ACROSS THE CITY.IN 2025, THE FUND EXPANDED OUR PUBLIC POLICY ENGAGEMENT AS CPS TRANSITIONED TO A HYBRID CBOE COMPRISED OF 10 ELECTED AND 11 APPOINTED MEMBERS. WE TESTIFIED AT CBOE MEETINGS AND HELD MONTHLY BRIEFINGS WITH CBOE MEMBERS. WE SHARED DATA AND RESEARCH WITH CBOE MEMBERS -- INCLUDING OUR ANNUAL PRINCIPAL AND AP ENGAGEMENT SURVEY RESULTS, PUBLIC OPINION POLLING ON CPS POLICY ISSUES, AND CPS BUDGET ANALYSIS. WE ALSO FACILITATED CONNECTIONS BETWEEN BOARD MEMBERS AND SCHOOL LEADERS, AND PUBLISHED OP-EDS ON PRINCIPAL AUTONOMY AND THE GOVERNANCE ISSUES AFFECTING CHICAGO'S SCHOOLS.FINALLY, THE FUND PARTNERED WITH THE ALLIANCE FOR LOCAL LEADERSHIP CHICAGO (ALL CHICAGO) TO PROVIDE BUDGET TRAININGS FOR ALL CHICAGO FELLOWS AND ONBOARDING FOR EIGHT NEWLY ELECTED BOARD MEMBERS. 939041 12500 EDUCATOR ENGAGEMENTPROGRAMS: PRINCIPAL APPRECIATIONTHE FUND RECOGNIZES SCHOOL LEADERS' CRITICAL ROLE IN STUDENT SUCCESS. THE FUND CELEBRATES SCHOOL LEADERS AND CONNECTS THEM TO EACH OTHER AND TO THE BROADER COMMUNITY. OUR ANNUAL PRINCIPAL APPRECIATION AND ASSISTANT PRINCIPAL APPRECIATION CAMPAIGNS ENGAGE THE PUBLIC AND LOCAL SCHOOL COMMUNITIES IN CELEBRATING LEADERS. IN OCTOBER, OUR PRINCIPAL APPRECIATION CAMPAIGN FEATURED CELEBRATORY EVENTS FOR SCHOOL LEADERS, SUCH AS FREE TICKETS TO A CHICAGO BULLS GAME, AND A STORYTELLING EVENT THAT HIGHLIGHTED TRANSFORMATIONAL SCHOOL LEADERS' STORIES AND CONNECTED THEM WITH THEIR PEERS. TO RAISE AWARENESS CITYWIDE, WE RAN A SOCIAL MEDIA CAMPAIGN. WE PARTNERED WITH THE CHICAGO TRANSIT AUTHORITY AND LOCAL ORGANIZATIONS TO FEATURE STRONG SCHOOL LEADERS ON BUSES AND TRAINS THROUGHOUT CHICAGO.OUR AP APPRECIATION CAMPAIGN OCCURRED IN APRIL. WE HOSTED EVENTS THAT OFFERED OPPORTUNITIES FOR ASSISTANT PRINCIPALS TO GATHER AND BE RECOGNIZED FOR THEIR CONTRIBUTIONS TO THEIR SCHOOLS. ATTENDEES ALSO BUILT COMMUNITY WITH THEIR PEERS, CBOE MEMBERS, AND COMMUNITY PARTNERS.THROUGH ALL OUR EDUCATOR ENGAGEMENT WORK, OUR GOAL IS TO ENSURE CHICAGO'S SCHOOL LEADERS FEEL SEEN, VALUED, AND SUPPORTED BY THE FUND AND THE CITY AROUND THEM. 7022635 1 1 0 1 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 96 0 1 39 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 22 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X HEATHER Y ANICHINI 3125584500 200 WEST ADAMS 1175 CHICAGO IL 606065230 HEATHER Y ANICHINI PRESIDENT & CEO 55.00 0.00 X X 396861 0 52574 BRENT GLEDHILL CHAIR 1.00 0.00 X X 0 0 0 HELEN ZELL VICE CHAIR 1.00 0.00 X X 0 0 0 JILL GARLING TREASURER 1.00 0.00 X X 0 0 0 BARBARA MALOTT KIZZIAH SECRETARY 1.00 0.00 X X 0 0 0 ELLEN ALBERDING BOARD MEMBER 1.00 0.00 X 0 0 0 GILLIAN DARLOW BOARD MEMBER 1.00 0.00 X 0 0 0 JOHN DUGENSKE BOARD MEMBER 1.00 0.00 X 0 0 0 JIM FRANK BOARD MEMBER 1.00 0.00 X 0 0 0 SHERI HAWKINS BOARD MEMBER 1.00 0.00 X 0 0 0 CHRISTINA HERZOG BOARD MEMBER 1.00 0.00 X 0 0 0 STUART LUCAS BOARD MEMBER 1.00 0.00 X 0 0 0 SIDDHARTH BOBBY MEHTA BOARD MEMBER 1.00 0.00 X 0 0 0 ANTHONY MILLER BOARD MEMBER 1.00 0.00 X 0 0 0 AUYANA ORR BOARD MEMBER 1.00 0.00 X 0 0 0 LAUREN PATNAUDE BOARD MEMBER 1.00 0.00 X 0 0 0 MARK RODRIGUEZ BOARD MEMBER 1.00 0.00 X 0 0 0 JESSE RUIZ BOARD MEMBER 1.00 0.00 X 0 0 0 ANDREA SAENZ BOARD MEMBER 1.00 0.00 X 0 0 0 PENNY BENDER SEBRING BOARD MEMBER 1.00 0.00 X 0 0 0 ERIC SMITH BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID VITALE BOARD MEMBER 1.00 0.00 X 0 0 0 DANDRE WEAVER BOARD MEMBER 1.00 0.00 X 0 0 0 NELSON GEREW CHIEF, INTERNAL & PUBLIC AFFAIRS 40.00 0.00 X 234200 0 9191 GEOFFREY NAGLE COO (THRU 10/31/25) 40.00 0.00 X 207565 0 25966 MARIEL LAUREANO CHIEF, INNOV. & CONT. IMPROVEMENT 40.00 0.00 X 204335 0 33553 ANNE BRINGEWATT DIRECTOR, INNOVATION & DATA 40.00 0.00 X 151925 0 9413 JULIE BURNETT DIR. PARTNERS & INNOV (THRU 09/15/25) 40.00 0.00 X 147372 0 14287 BARRY TYLER DIRECTOR, POLICY & COMMUNICATIONS 40.00 0.00 X 141767 0 5170 ESTHER LEE DIRECTOR, FINANCE & OPERATIONS 40.00 0.00 X 132208 0 38699 PATRICIA MOTA SENIOR MANAGER, INNOVATION & PROGRAM 40.00 0.00 X 101274 0 26172 1717507 0 215025 9 0 1 0 WISE LEADERSHIP CONSULTING 4740 SOUTH EVANS AVENUE CHICAGO IL 60615 MALOTT PROGRAM SUPPORT AND COACHING 480000 PCMCONSULTING LLC 1257 NORTH CAMPBELL AVENUE CHICAGO IL 60622 FIELD CATALYST & LSC SUPPORT 307871 ITE INCENDITE LLC 1714 N SAWYER AVE CHICAGO IL 60647 POLICY & ADVOCACY SUPPORT 198000 3 4891320 61816 4891320 738394 738394 10781601 10732731 48870 48870 48870 5678584 0 0 787264 1076518 1076518 276132 276132 1164245 976287 122001 65957 2299350 1928140 240950 130260 73096 61295 7661 4140 252497 211734 26458 14305 218475 183204 22894 12377 86220 86220 44170 44170 514195 437531 55880 20784 70794 14100 56167 527 254914 142355 83448 29111 206021 194303 7368 4350 115741 99358 10301 6082 54801 45130 9581 90 232850 171496 60782 572 129257 110961 11504 6792 PROGRAM & POLICY INVEST 704974 704974 RESEARCH EXPENSE 359714 359714 UNCOLLECTABLE PLEDGES 125000 125000 PROGRAM SUPPLIES AND TO 29403 29403 8288367 7022635 845385 420347 777722 544388 2954035 5945825 13138653 9907390 152724 201374 1135726 781224 459943 354502 21730200 20148786 449248 325989 39662525 37428254 572935 711110 460000 244629 796216 617309 1829151 1573048 X 24696221 25937816 13137153 9917390 37833374 35855206 39662525 37428254 -2609783 631615 0 X 0 1 X 1 0 X 5360177 24987900 6524752 2989953 4891320 44754102 5360177 24987900 6524752 2989953 4891320 44754102 23035426 21718676 255668 344943 536476 720711 738394 2596192 2874 2874 47353168 0.45870 0.44190 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2023 AMOUNT: $ 2,874. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 86220 86220 8157977 8244197 562210 140553 0 0 440032 470842 499943 562210 1973027 2959541 69926 105902 107857 86220 369905 110008 117711 124986 140553 493258 739887 430 430 0 1 X 2390948 449706 2840654 2093384 297564 2390948 1763272 330112 2093384 1003623 1000000 -240351 1763272 1000000 3623 1003623 1.00000 0.00000 0.00000 0 0 822833 497128 325705 312893 284096 28797 354502 OPERATING LEASE LIABILITY 617309 617309 X 6374895 631615 108866 740481 5634414 44170 44170 5678584 8353063 108866 108866 8244197 44170 44170 8288367 PART IV, LINE 2B: PERIODICALLY, THE FUND ENTERS INTO AGREEMENTS TO SERVE AS AN AGENT FOR OTHER ORGANIZATIONS AND ACT AS AN INTERMEDIARY BETWEEN SUCH ORGANIZATIONS AND BENEFICIARIES. IN 2022, THE FUND AGREED TO SERVE AS AN AGENT FOR A PROJECT WITH THE BOSTON CONSULTING GROUP ("BCG") DIRECTED BY THREE LOCAL FUNDERS. IN 2022 AND 2023, $275,000 WAS RECEIVED. THE FUND DISBURSED FUNDS TO BCG UPON COMPLETION OF THE PROJECT IN 2023, AND ADDITIONAL FUNDS FOLLOWING SUBSEQUENT WORK IN 2025. $25,000 REMAINS FROM THIS FISCAL AGENCY AT DECEMBER 31, 2025, TO SUPPORT ADDITIONAL WORK ALONG THESE LINES. IN 2024, THE FUND ENGAGED IN A NEW FISCAL AGENCY AGREEMENT TO EXPLORE AND POTENTIALLY SUPPORT DYNAMIC COALITION BUILDING AMONG PARTNER ORGANIZATIONS AND STAKEHOLDERS IN THE CHICAGO EDUCATION COMMUNITY. IN 2024 AND 2025, $525,000 WAS RECEIVED. THE FUND DISBURSED $305,371 IN SUPPORT OF THE PROJECT THROUGH DECEMBER 31, 2025. $219,629 REMAINS FROM THIS FISCAL AGENCY AT DECEMBER 31, 2025, TO SUPPORT ADDITIONAL WORK ALONG THESE LINES. PART V, LINE 4: THE ENDOWMENT FUNDS ARE INTENDED TO SUPPORT THE OPERATIONS AND INITIATIVES OF THE CHICAGO PUBLIC EDUCATION FUND AND ITS PROGRAMMATIC ACTIVITY OVER THE LONG TERM. PART X, LINE 2: THE ACCOUNTING STANDARD RELATED TO UNCERTAINTY IN INCOME TAXES STATES THE FUND MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE FUND AND THE VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE FUND DOES NOT BELIEVE THERE ARE ANY UNRECOGNIZED TAX BENEFITS OR TAX LIABILITIES THAT SHOULD BE RECORDED FOR THE REPORTING PERIODS PRESENTED IN THESE FINANCIAL STATEMENTS. 1 CHICAGO PUBLIC SCHOOLS 42 W MADISON STREET CHICAGO IL 60602 366005821 GOVT 256000 0 GRANTS TO SUPPORT WINNING DESIGN CHALLENGE SCHOOLS AND NETWORK-LEVEL PROFESSIONAL DEVELOPMENT FOR CHICAGO PUBLIC SCHOOLS EDUCATORS EDUCATION RESOURCE STRATEGIES 480 PLEASANT STREET SUITE C-200 WATERTOWN MA 02472 201978102 501(C)(3) 15000 0 GRANT IN SUPPORT OF A PROFESSIONAL LEARNING COMMUNITIES PROGRAM PARTNERSHIP FOREFRONT 200 W MADISON ST 2ND FLOOR CHICAGO IL 60606 237376023 501(C)(3) 50000 0 GRANT TO SUPPORT THE INCUBATION OF A NEW FIELD CATALYST FOR PUBLIC EDUCATION IN CHICAGO HOPEWELL FUND 1828 L STREET NW SUITE 400-D WASHINGTON DC 20036 473681860 501(C)(3) 25000 0 GRANT TO SUPPORT COMMUNITY ENGAGEMENT EFFORTS RELATED TO THE CHICAGO PUBLIC SCHOOLS FISCAL YEAR 2026 BUDGET PROCESS ILLINOIS PRINCIPALS ASSOCIATION 2940 BAKER DRIVE SPRINGFIELD IL 62703 362739730 501(C)(6) 9570 0 GRANT TO SPONSOR ACCREDITED PROFESSIONAL DEVELOPMENT CREDIT HOURS FOR CHICAGO PUBLIC SCHOOLS PRINCIPALS LATINO LEADERSHIP PIPELINE 4926 WEST BYRON STREET CHICAGO IL 60641 872779896 501(C)(3) 20000 0 GRANT IN SUPPORT OF AN AFFINITY GROUP PROGRAMMING PARTNERSHIP FOR CHICAGO PUBLIC SCHOOLS EDUCATORS AND LEADERS LEADERSHIP AND DESIGN 206 BROOKE ACRES DRIVE LOS GATOS CA 95032 271178342 501(C)(3) 90000 0 GRANT IN SUPPORT OF A DESIGN CHALLENGE PROGRAM PARTNERSHIP LEAP INNOVATIONS 910 WEST VAN BUREN STREET SUITE 315 CHICAGO IL 60607 464784152 501(C)(3) 16500 0 GRANT IN SUPPORT OF A PROFESSIONAL LEARNING COMMUNITIES PROGRAM PARTNERSHIP NATIONAL SAM INNOVATION PROJECT 9100 SHELBYVILLE ROAD SUITE 280 LOUISVILLE KY 40222 454454376 501(C)(3) 18750 0 GRANT TO SPONSOR PROFESSIONAL DEVELOPMENT PROGRAMMING FOR CHICAGO PUBLIC SCHOOLS PRINCIPALS NEW LEADERS INC 121 WEST 36TH STREET 308 NEW YORK NY 10018 043519203 501(C)(3) 219898 0 GRANT IN SUPPORT OF THE LEADERSHIP BRIDGE PROGRAM PARTNERSHIP NORTHEASTERN UNIVERSITY 360 HUNTINGTON AVE BOSTON MA 02115 041679980 501(C)(3) 44300 0 GRANT IN SUPPORT OF A PROFESSIONAL LEARNING COMMUNITIES PROGRAM PARTNERSHIP SURGE INSTITUTE INC 935 W CHESTNUT STREET SUITE 515 CHICAGO IL 60642 471995566 501(C)(3) 20000 0 GRANT TO SPONSOR PROFESSIONAL DEVELOPMENT PROGRAMMING FOR CHICAGO PUBLIC SCHOOLS PRINCIPALS UNIVERSITY OF CHICAGO CONSORTIUM ON SCHOOL RESEARCH 5801 SOUTH ELLIS AVENUE CHICAGO IL 60637 362177139 501(C)(3) 10000 0 GRANT TO SUPPORT RESEARCH RELATED TO CHICAGO PUBLIC SCHOOLS LEADERSHIP AND EDUCATIONAL OUTCOMES UNIVERSITY OF ILLINOIS-CHICAGO 1040 WEST HARRISON STREET CHICAGO IL 60607 376000511 GOVT 155500 0 GRANT IN SUPPORT OF THE MALOTT FELLOWSHIP AND LEADERSHIP BRIDGE PROGRAM PARTNERSHIPS UNIVERSITY OF WASHINGTON CAMPUS BOX 358731 SEATTLE WA 98195 916001537 GOVT 60000 0 GRANT TO SUPPORT CHICAGO PUBLIC SCHOOLS NETWORK STRATEGY PROGRAM IMPLEMENTATION CAMBIAR EDUCATION 4653 CARMEL MOUNTAIN ROAD SUITE 308-97 SAN DIEGO CA 92130 813508420 501(C)(3) 30000 0 GRANT TO SUPPORT CHICAGO PUBLIC SCHOOLS NETWORK STRATEGY PROGRAM IMPLEMENTATION THE HUMAN SCHOOLS PROJECT INCORPORATED 434 COLLEGE STREET NEW HAVEN CT 06511 990478077 501(C)(3) 12500 0 GRANT TO SUPPORT CHICAGO PUBLIC SCHOOLS NETWORK STRATEGY PROGRAM IMPLEMENTATION 16 1 GRANTS TO PRINCIPALS 120 276132 PART I, LINE 2: THE FUND MAKES INVESTMENTS IN GRANTEES ACCORDING TO BENCHMARK SCHEDULES. GRANT DOLLARS ARE DISBURSED ONLY UPON DOCUMENTED EVIDENCE THAT THE PROJECTS ARE MEETING OR WORKING TOWARDS MEETING THE CRITICAL FACTORS FOR THE PROJECTS TO BE SUCCESSFUL. ACCEPTABLE ACHIEVEMENTS ARE JOINTLY AGREED UPON AT THE TIME THE FUND COMMITS TO THE GRANT, AND STAFF MEMBERS WORK WITH THE GRANTEE TO MONITOR AND DOCUMENT PROGRESS AGAINST THESE SHARED GOALS. X X X X 1 0 0 0 0 0 0 1 0 HEATHER Y ANICHINI PRESIDENT & CEO 381861 0 15000 0 0 0 15790 0 36784 0 449435 0 0 0 NELSON GEREW CHIEF, INTERNAL & PUBLIC AFFAIRS 214200 0 20000 0 0 0 8568 0 623 0 243391 0 0 0 MARIEL LAUREANO CHIEF, INNOV. & CONT. IMPROVEMENT 189335 0 15000 0 0 0 7867 0 25686 0 237888 0 0 0 GEOFFREY NAGLE COO (THRU 10/31/25) 170465 0 0 0 37100 0 3105 0 22861 0 233531 0 0 0 ESTHER LEE DIRECTOR, FINANCE & OPERATIONS 132208 0 0 0 0 0 5680 0 33019 0 170907 0 0 0 JULIE BURNETT DIR. PARTNERS & INNOV (THRU 09/15/25 134918 0 5000 0 7454 0 5491 0 8796 0 161659 0 0 0 ANNE BRINGEWATT DIRECTOR, INNOVATION & DATA 146925 0 5000 0 0 0 5920 0 3493 0 161338 0 0 0 PART I, LINE 4A GEOFFREY NAGLE RECEIVED $37,100.38 IN SEVERANCE PAYMENTS IN 2025. PART I, LINE 7 THE FUND OFFERED BONUSES OR STIPENDS TO FOUR (4) EMPLOYEES IN 2025. STIPENDS WERE OFFERED TO EMPLOYEES WHO WORKED ON SPECIAL PROJECTS THAT WENT ABOVE AND BEYOND THEIR REGULAR DUTIES. BONUSES WERE OFFERED AT THE DISCRETION OF THE BOARD OF DIRECTORS FOR EXTRAORDINARY PERFORMANCE. THE PROCESS FOR THE DISTRIBUTION OF STIPENDS IS SHARED WITH EMPLOYEES. WISE LEADERSHIP CONSULTING CONSULTANT 480000 PROGRAM SUPPORT FEES FOR THE MALOTT FELLOWSHIP 0 PART IV THE FOUNDING PARTNER OF WISE LEADERSHIP CONSULTING, WHICH PROVIDED SUPPORT FOR THE MALOTT FELLOWSHIP PROGRAM IN 2025 IS RELATED TO THE DIRECTOR OF PARTNERSHIPS, A FORMER KEY EMPLOYEE OF THE FUND. THE FUND PAID $480,000 TO WISE LEADERSHIP CONSULTING FOR PROVIDING PROGRAM SUPPORT. X 1 58735 FMV X EVENT EXPENSES 3 28187 COST 0 0 1 1 PART I, COLUMN (B): THE NUMBER REPORTED IN COLUMN B OF SCHEDULE M FOR ALL DONATIONS REPRESENTS THE NUMBER OF CONTRIBUTIONS FOR EACH RESPECTIVE CATEGORY. PART I, LINE 32B: THE ORGANIZATION RECEIVED STOCK DONATED IN SATISFACTION OF A PLEDGE MADE IN A PREVIOUS YEAR. OUR BANK, FIFTH THIRD, LIQUIDATES THE STOCK AND DEPOSITS THE CASH INTO OUR ACCOUNT. FORM 990, PART III, LINE 3 DURING 2025, THE ORGANIZATION DISCONTINUED ITS AFFINITY GROUPS PROGRAM AND TRANSITIONED SUPPORT FOR ASPIRING BLACK AND LATINO/A/X PRINCIPALS TO ITS LEADERSHIP BRIDGE PROGRAM. FORM 990, PART VI, SECTION A, LINE 2 JOHN DUGENSKE AND SIDDHARTH MEHTA HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE CHIEF EXECUTIVE OFFICER REVIEWS THE COMPLETED FORM 990. THEN, IT IS EMAILED IN FINAL FORM TO THE GOVERNANCE, OPERATIONS, FINANCE, AND AUDIT COMMITTEE, AS WELL AS TO THE ENTIRE BOARD OF DIRECTORS, FOR THEIR REVIEW AND COMMENTS. FINALLY, IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, AND KEY EMPLOYEES COMPLETE A QUESTIONNAIRE TO DISCLOSE ANNUALLY ANY BUSINESS TRANSACTIONS OR RELATIONSHIPS THEY OR A FAMILY MEMBER MAY HAVE HAD WITH THE FUND OR ANY OF ITS OFFICERS, DIRECTORS, OR KEY EMPLOYEES. POTENTIAL CONFLICTS NOTED IN THE RESPONSES ARE PASSED ALONG TO THE CHIEF EXECUTIVE OFFICER (CEO) FOR REVIEW AND, WHEN NECESSARY, REFERRED TO THE EXECUTIVE COMMITTEE FOR CONSIDERATION. IN ADDITION TO THE REQUIRED ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE, THE FUND'S BOARD OF DIRECTORS' POLICY COVERING CONFLICTS OF INTEREST PROVIDES THAT DIRECTORS AND STAFF HAVE THE RESPONSIBILITY TO IMMEDIATELY DISCLOSE POTENTIAL CONFLICTS OF INTEREST AND REFRAIN FROM INFLUENCING OTHER DIRECTORS OR STAFF ON THOSE MATTERS. IF A POTENTIAL OR ACTUAL CONFLICT ARISES, DIRECTORS ALSO HAVE THE RESPONSIBILITY TO RECUSE THEMSELVES AT AN APPROPRIATE TIME. DIRECTORS, STAFF, AND THEIR IMMEDIATE FAMILY MEMBERS CANNOT REALIZE ANY DIRECT OR INDIRECT PERSONAL FINANCIAL BENEFIT FROM A FUND INVESTMENT. FORM 990, PART VI, SECTION B, LINE 15 Q15A: THE EXECUTIVE COMMITTEE OF THE BOARD IS RESPONSIBLE FOR REVIEWING AND APPROVING THE COMPENSATION PACKAGE FOR THE PRESIDENT AND CEO. THE DETERMINATION OF THE APPROPRIATE LEVEL OF COMPENSATION INCLUDED A REVIEW OF COMPENSATION LEVELS FOR THE EQUIVALENT POSITIONS AT COMPARABLE ORGANIZATIONS. THE COMMITTEE USED DATA FROM FORM 990S AND SURVEY DATA PRODUCED BY NATIONAL AND REGIONAL INDUSTRY ASSOCIATIONS TO ASSIST IN THEIR PROCESS AND DISCUSSED FINAL RECOMMENDATIONS IN EXECUTIVE SESSION WITH THE ENTIRE BOARD OF DIRECTORS BEFORE FINALIZING. THE PROCESS IS DOCUMENTED. Q15B: FOR STAFF SALARIES, INCLUDING THOSE OF KEY EMPLOYEES, THE INDEPENDENT HUMAN RESOURCES BUSINESS PARTNER (HRBP), A CONSULTANT, REVIEWED COMPENSATION LEVELS AT COMPARABLE ORGANIZATIONS AND SHARED ANALYSIS WITH THE CEO AND MEMBERS OF THE EXECUTIVE COMMITTEE. ULTIMATELY, THE GOVERNANCE, OPERATIONS, FINANCE, AND AUDIT COMMITTEE REVIEWED THESE SALARY RECOMMENDATIONS IN CONJUNCTION WITH THE ANNUAL BUDGET PLANNING PROCESS. THE PROCESS FOR DETERMINING THE COMPENSATION IS DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS FOR RECENT FISCAL YEARS ARE AVAILABLE TO THE PUBLIC ON THE FUND'S WEBSITE. ALSO, THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN IRC SECTION 6104(D).