2026-04-06T14:46:44-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 2021 SPRING ROAD SUITE 200 OAK BROOK IL 60523 990 2024-07-01 364235934 ACERO CHARTER SCHOOLS INC ACER 3126373900 18 S MICHIGAN AVENUE 900 CHICAGO IL 60603 RICHARD L RODRIGUEZ CHIEF EXECUTIVE OFFICER 3126373900 2026-03-27 1 0 CAITLIN BUSH P01949885 6305738600 2026-03-27 2024 2025-03-06 01:10:19Z RICHARD L RODRIGUEZ 18 S MICHIGAN AVENUE 900 CHICAGO IL 60603 124108960 0 X WWW.ACEROSCHOOLS.ORG X 1997 IL ORGANIZATION PROVIDES EDUCATIONAL AND COMMUNITY OPPORTUNITIES FOR YOUTHS IN K-12. 11 11 736 76 0 0 123138884 118804565 218129 262832 1304834 40386 220351 14731 124882198 119122514 0 0 0 0 80360274 83400055 0 0 123939 39984669 33672902 120344943 117072957 4537255 2049557 109586537 110309333 60445857 56700019 49140680 53609314 TRANSFORMING MINDS THROUGH ACADEMIC EMPOWERMENT AND SUCCESS. ACERO PROVIDES EDUCATIONAL OPPORTUNITIES THAT WILL LAUNCH THE NEXT GENERATION OF EXTRAORDINARY LIFE-LONG LEARNERS, DISCERNERS AND DOERS. 0 0 110247782 262832 STUDENT FEE - EDUCATIONAL INSTITUTION FOR STUDENTS IN KINDERGARTEN THROUGH HIGH SCHOOL SERVING 6,179 STUDENTS THROUGH 12 ELEMENTARY AND 3 HIGH SCHOOLS, RESPECTIVELY. 110247782 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 45 0 736 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X EDWIN MORALES 3126373900 18 S MICHIGAN AVENUE SUITE 900 CHICAGO IL 60603 JAIRO NARANJO CHAIRMAN 2.00 X X 0 0 0 DOUGLASS HEWITT VICE-CHAIRMAN 2.00 X X 0 0 0 ROXANNE MATIAS SECRETARY 2.00 X X 0 0 0 SIMON YOHANAN TREASURER 2.00 X X 0 0 0 JOSEPH GARCIA DIRECTOR 2.00 X 0 0 0 KEVIN J GUITTERREZ DIRECTOR 2.00 X 0 0 0 MARCO A RODRIGUEZ DIRECTOR 2.00 X 0 0 0 MARGERY YEAGER DIRECTOR 2.00 X 0 0 0 SOCORRO VEGA DIRECTOR 2.00 X 0 0 0 VIVIAN MIKHAIL DIRECTOR 2.00 X 0 0 0 LIONEL SARTI DIRECTOR 2.00 X 0 0 0 RICHARD L RODRIGUEZ PRESIDENT & CEO 40.00 X 290543 0 59021 RICHARD E VALERGA CHIEF FINANCIAL & OP OFFICER 40.00 X 245433 0 52931 HELENA C STANGLE CHIEF CULTURE OFFICER 40.00 X 209865 0 24778 ALFREDO NAMBO CHIEF EDUCATION OFFICER 40.00 X 209865 0 37658 ARIEL A CORREA SCHOOL PRINCIPAL 40.00 X 154842 0 12387 ANALAURA ALCANTAR SCHOOL PRINCIPAL 40.00 X 148712 0 41328 MELISSA SWEAZY SCHOOL PRINCIPAL 40.00 X 157351 0 42019 MARK NAGODE FACILITIES AND ASSET MANAGER 40.00 X 147226 0 12238 MADELYN P BARTHOLOMEW DEPUTY CHIEF OP OFFICER 40.00 X 154931 0 29431 1718768 0 311791 9 0 1 0 KOKUA EDUCATION INC PO BOX 732697 DALLAS TX 75373 SUBSTITUTE TEACHERS 4912789 ORGANICLIFE LLC 430 W ERIE ST STE 403 CHICAGO IL 60654 FOOD SERVICE 3549149 HEALTHPRO HERITAGE 536 OLD HOWELL ROAD GREENVILLE SC 29615 HEALTHCARE WORKERS 3231087 MONTERREY SECURITY 2232 S BLUE ISLAND AVE CHICAGO IL 60608 SECURITY 1409220 PREMISTAR 18 CONGRESS CIRCLE W ROSELLE IL 60172 HVAC/JANITORIAL 1089609 36 118537572 266993 7872 118804565 STUDENT FEES 611110 262832 262832 262832 1569514 1569514 3434318 23000 3206446 1780000 227872 -1757000 -1529128 -1529128 MISCELLANEOUS REVENUE 611110 14731 14731 14731 119122514 262832 0 55117 1130094 769850 360244 60243478 57035746 3207732 8566312 8098288 468024 11779292 11134229 645063 1680879 1584594 96285 558396 526410 31986 147694 139233 8461 5455533 5143028 312505 117387 110663 6724 1177118 1109691 67427 33745 31812 1933 1283167 1209664 73503 5584 5264 320 1318395 1242874 75521 3790653 3573516 217137 751193 708163 43030 EQUIPMENT RENTAL AND MA 8671173 8174468 496705 SCHOOL BREAKFAST AND LU 3806511 3588465 218046 CPS ADMINISTRATION FEE 2378979 2242706 136273 CLASSROOM SUPPLIES AND 1663444 1568158 95286 2513930 2250960 139031 123939 117072957 110247782 6701236 123939 1440 1440 25722660 30945530 8941825 6753324 2201596 1621665 84472138 34445208 44499542 50026930 14599502 16310156 13619972 4650288 109586537 110309333 11557508 11627461 24719 24719 40423295 38822931 8440335 6224908 60445857 56700019 X 48934613 53396841 206067 212473 49140680 53609314 109586537 110309333 X 2049557 615997 1803080 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2846478 2846478 45874011 10682710 35191301 20292519 12242456 8050063 15459130 11520042 3939088 50026930 CURRENT PORTION OF LT DEBT 1600364 BOND PREMIUM 2835698 OPERATING LEASE LIABILITY 1788846 6224908 X 119738511 615997 615997 119122514 0 119122514 117072957 0 117072957 0 117072957 PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE SCHOOL'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE SCHOOL QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). MANAGEMENT OF THE SCHOOL BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION MAINTAINS A RACIALLY NONDISCRIMINATORY POLICY AND COMMUNICATES THIS POLICY TO ALL PROSPECTIVE STUDENTS AND THEIR FAMILIES. THE COPY OF THE POLICY IS AVAILABLE ON ACERO'S WEBSITE, PARENT & STUDENT HANDBOOK, AND ACERO'S INTERNAL POLICY SITE. SCHEDULE E, PART I, LINE 6 THE PER CAPITA TUITION FUNDS ARE FROM BOARD OF EDUCATION, CITY OF CHICAGO. THE TITLE FUNDS ARE FROM U.S DEPARTMENT OF EDUCATION PASSED-THROUGH ILLINOIS STATE BOARD OF EDUCATION. X X X X X X 0 0 0 0 0 0 0 0 0 RICHARD L RODRIGUEZ PRESIDENT & CEO 264167 0 25543 0 833 0 31906 0 27115 0 349564 0 0 0 RICHARD E VALERGA CHIEF FINANCIAL & OP OFFICER 187414 0 58019 0 0 0 23500 0 29431 0 298364 0 0 0 HELENA C STANGLE CHIEF CULTURE OFFICER 187414 0 22451 0 0 0 15485 0 9293 0 234643 0 0 0 ALFREDO NAMBO CHIEF EDUCATION OFFICER 187414 0 22451 0 0 0 16789 0 20869 0 247523 0 0 0 ARIEL A CORREA SCHOOL PRINCIPAL 154842 0 0 0 0 0 12387 0 0 0 167229 0 0 0 ANALAURA ALCANTAR SCHOOL PRINCIPAL 148712 0 0 0 0 0 11897 0 29431 0 190040 0 0 0 MELISSA SWEAZY SCHOOL PRINCIPAL 154851 0 2500 0 0 0 12588 0 29431 0 199370 0 0 0 MARK NAGODE FACILITIES AND ASSET MANAGER 144726 0 2500 0 0 0 2945 0 9293 0 159464 0 0 0 MADELYN P BARTHOLOMEW DEPUTY CHIEF OP OFFICER 149931 0 5000 0 0 0 0 0 29431 0 184362 0 0 0 A ILLINOIS FINANCE AUTHORITY 861091967 45204FKG9 2021-07-27 405000 SEE PART VI 0 0 0 B ILLINOIS FINANCE AUTHORITY 861091967 45204FKH7 2021-07-27 1740000 SEE PART VI 0 0 0 C ILLINOIS FINANCE AUTHORITY 861091967 45204FKJ3 2021-07-27 1815000 SEE PART VI 0 0 0 D ILLINOIS FINANCE AUTHORITY 861091967 45204FKK0 2021-07-27 1885000 SEE PART VI 0 0 0 A 405000 73887 6133 324980 2021 1 0 1 1 B 1740000 317442 26349 1396209 2021 1 0 1 1 C 1815000 331124 27484 1456392 2021 1 0 1 1 D 1885000 343895 28544 1512561 2021 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 0 B 0 C 0 D 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: ILLINOIS FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/27/2021 ISSUER NAME: ILLINOIS FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/27/2021 ISSUER NAME: ILLINOIS FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/27/2021 ISSUER NAME: ILLINOIS FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/27/2021 ISSUER NAME: ILLINOIS FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/27/2021 ISSUER NAME: ILLINOIS FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/27/2021 ISSUER NAME: ILLINOIS FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/27/2021 ISSUER NAME: ILLINOIS FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/27/2021 ISSUER NAME: ILLINOIS FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/27/2021 ISSUER NAME: ILLINOIS FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/27/2021 990, SCHEDULE K, PART I, LINE A, COLUMN (F) THE PURPOSE OF ALL BONDS IS FOR THE REPAYMENT OF PORTIONS OF BANK LOANS INCURRED TO FINANCE MULTIPLE CAPITAL PROJECTS (INCLUDING THE REFUNDING OF PRIOR BOND ISSUES OF SERIES 2011, SERIES 2017, AND SERIES 2019 BOND ISSUES), FUND CAPITAL RENOVATIONS, MAINTAIN A FINANCE RESERVE, AND COVER ISSUANCE COSTS. A ILLINOIS FINANCE AUTHORITY 861091967 45204FKL8 2021-07-27 1965000 SEE PART VI 0 0 0 B ILLINOIS FINANCE AUTHORITY 861091967 45204FKM6 2021-07-27 2045000 SEE PART VI 0 0 0 C ILLINOIS FINANCE AUTHORITY 861091967 45204FKN4 2021-07-27 2125000 SEE PART VI 0 0 0 D ILLINOIS FINANCE AUTHORITY 861091967 45204FKP9 2021-07-27 2215000 SEE PART VI 0 0 0 A 1965000 358490 29756 1575754 2021 1 0 1 1 B 2045000 373085 30967 1640948 2021 1 0 1 1 C 2125000 387680 32179 1705141 2021 1 0 1 1 D 2215000 404100 33542 1849576 2021 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 0 B 0 C 0 D 0 A ILLINOIS FINANCE AUTHORITY 861091967 45204FKQ7 2021-07-27 2305000 SEE PART VI 0 0 0 B ILLINOIS FINANCE AUTHORITY 861091967 45204FKR5 2021-07-27 18995000 SEE PART VI 0 0 0 A 2305000 420519 34905 1849576 2021 1 0 1 1 B 18995000 3465403 287640 15241957 2021 1 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 0 B 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPOSED OF FOUR VOTING MEMBERS. ACERO'S BOARD CHAIRMAN, BOARD VICE-CHAIRMAN, SECRETARY AND TREASURER. THE PRESIDENT AND CEO IS A NON-VOTING, EX-OFFICIO MEMBER OF THE COMMITTEE. THE COMMITTEE IS AUTHORIZED BY ITS CHARTER TO EXERCISE POWER OF THE ACERO BOARD OF DIRECTORS IN RELATION TO MATTERS THAT ARISE BETWEEN REGULARLY SCHEDULED BOARD MEETINGS OR WHEN IT IS NOT PRACTICAL OR FEASIBLE FOR THE BOARD TO MEET. THE COMMITTEE IS DELEGATED THE AUTHORITY TO ACT AS THE FULL BOARD WHEN EXERCISING THE POWERS AND AUTHORITY UNDER ITS CHARTER. FORM 990, PART VI, SECTION B, LINE 11B THE CONTROLLER WILL WORK ON THE FORM 990 AND THEN REVIEW IT WITH THE DEPUTY GENERAL COUNSEL. THEN IT IS PROVIDED TO OUR CFOO FOR HIS REVIEW PRIOR TO BEING REVIEWED BY OUR PRESIDENT/CEO. IF NO CHANGES ARE MADE THEN OUR AUDITORS PROVIDED THE FINAL FOR SIGNATURE. FORM 990, PART VI, SECTION B, LINE 12C MONITORING IS DONE ON AN ON-GOING BASIS BY MANAGEMENT AND THE BOARD OF DIRECTORS AND IS ACCOMPLISHED AS PART OF REGULAR BOARD OF DIRECTORS MEETINGS AND MONITORED BY CORPORATE ATTORNEYS. A POLICY HAS BEEN ESTABLISHED TO DEFINE CONFLICTS OF INTEREST AND SHALL REQUIRE THAT EACH OFFICER, DIRECTOR, AND EMPLOYEE WITH DECISION-MAKING AUTHORITY OF THE ENTITY CERTIFY AT LEAST ANNUALLY THAT HE OR SHE HAS NO CONFLICT THAT HAS NOT BEEN DISCLOSED IN THE APPROPRIATE CERTIFICATION FORM. THE POLICY ALSO INCLUDES PRACTICES FOR MONITORING PROPOSED OR ONGOING TRANSACTIONS AND DEALING WITH POTENTIAL OR ACTUAL CONFLICTS, WHETHER DISCOVERED BEFORE OR AFTER THE TRANSACTIONS HAS OCCURRED. FORM 990, PART VI, SECTION B, LINE 15 HUMAN RESOURCES RESEARCHES COMPARABLE CEO COMPENSATION BY REFERENCE TO SALARY SURVEYS, INDEPENDENT CONSULTANTS, AND PUBLICLY AVAILABLE INFORMATION. THIS INFORMATION IS INCLUDED IN THE COMPENSATION INFORMATION PACKAGE GIVEN TO THE BOARD BY THE CHIEF CULTURE OFFICER. THE BOARD USES THIS INFORMATION TO DETERMINE AND DOCUMENT ANNUAL COMPENSATION. THE INDEPENDENT BOARD OF DIRECTORS REVIEW THE REASONABLENESS OF THE COMPENSATION ARRANGEMENT AND APPROVAL IS DOCUMENTED IN THE BOARD MINUTES. THE BOARD OF DIRECTORS ALSO APPROVES ANY PROPOSED COMPENSATION TO ANY INDIVIDUAL THAT IS $150,000 OR GREATER. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER OF NET ASSETS IN MERGER 1,803,080. FORM 990, PART XII, LINE 2C THERE IS NO CHANGE FROM THE PRIOR YEAR. OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT ARE PERFORMED BY THE BOARD OF DIRECTORS OR APPROPRIATE COMMITTEES OF THE BOARD. FORM 990, PART XI, LINE 9 ACERO MARQUEZ MERGED WITH ACERO CHARTER SCHOOLS IN FEBRUARY 2025 AND TRANSFERRED RESIDUAL NET ASSETS OF $1,083,080 AT THAT TIME. ACERO MARQUEZ CAMPUS INC 18 S MICHIGAN AVENUE SUITE 900 CHICAGO IL 60603 453582524 SUPPORTING ORGANIZATION IL 501(C)(3) LINE 12A, I ACERO CHARTER SCHOOLS INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 ACERO MARQUEZ CAMPUS INC S 1803080 FMV SCHEDULE R, PART V, LINE 2 (1), COLUMN (D) ACERO MARQUEZ CAMPUS, INC. MERGED WITH ACERO CHARTER SCHOOLS IN FEBRUARY 2025. AS PART OF THE MERGER, ASSETS CONSISTING OF LAND, THE BUILDING, AND FURNITURE AND EQUIPMENT (NET OF ACCUMULATED DEPRECIATION) FOR THE MARQUEZ SCHOOL CAMPUS WERE TRANSFERRED TO ACERO VALUED AT $1,803,080.