Northern Kane Educational Corp
- Assets
- $20.2m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 123
- Location
- Pingree Grove, IL
- Founding
- 09/2006
- Data as of
- 08/2023
- EIN
- 20-2059533
Organization Overview
Northern Kane Educational Corp is located in Pingree Grove, IL. The organization was established in 2006. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 08/2023, Northern Kane Educational Corp employed 123 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Kane Educational Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Northern Kane Educational Corp generated $9.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $8.7m during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE LIFELONG, HIGH ACHIEVEMENT LEARNING. CONTINUOUSLY ADDRESSING FINANCIAL, SPACE, AND EDUCATIONAL DELIVERY ISSUES WITHIN A LARGE SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMBRIDGE LAKES CHARTER SCHOOL PROVIDES DISTRICT 300 FAMILIES WITH AN ALTERNATIVE COMMUNITY SCHOOL CHOICE FOR STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE AND THE CAMBRIDGE LAKES ACADEMY FOR STUDENTS IN KINDERGARDEN THROUGH TWELFTH GRADE. DURING THE 2022-23 SCHOOL YEAR, APPROXIMATELY 630 STUDENTS WERE ENROLLED.
MUSIC, ADULT & ONLINE ACADEMIES
CAMBRIDGE LAKES PRESCHOOL OFFERS TUITION-BASED PRESCHOOL FOR 3 AND 4 YEAR OLDS USING CORE KNOWLEDGE CURRICULUM WITH SOME UNDERLYING HIGH SCOPE METHODS. THE CHILDREN LEARN FROM ILLINOIS CERTIFIED EARLY CHILDHOOD TEACHERS. DURING THE 2022-23 SCHOOL YEAR, APPROXIMATELY 110 STUDENTS WERE ENROLLED.
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 DAILY CAMP EXPERIENCES DURING THE SUMMER. SCHOOL'S OUT COMMUNITY FUN SERVES ADULTS AND FAMILIES. ENROLLMENT IN THE SCHOOL'S OUT PROGRAM FOR THE 2022-23 SCHOOL YEAR WAS OVER 350 PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Maniscalco Chair | OfficerTrustee | 10 | $0 |
Michelle Kilbourne Vice-Chair | OfficerTrustee | 2 | $0 |
Kenneth Davis Director | Trustee | 2 | $0 |
Brea Corsaro Director | Trustee | 1 | $0 |
Anne Miller Director | Trustee | 4 | $0 |
Nicole Schlechter Director (thru 7/2023) | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Community Therapy Corp Speech & Occupational Therapy | 8/30/23 | $207,647 |
Image One Facility Solutions Inc Cleaning Services For School | 8/30/23 | $141,630 |
Connections Education Llc Online Course Curriculum | 8/30/23 | $190,917 |
Pkf Mueller & Co Audit And Tax Services | 8/30/23 | $106,199 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $174,309 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,004 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $176,313 |
| Total Program Service Revenue | $9,424,911 |
| Investment income | $264,883 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,850 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,967 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,886,924 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $109,215 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $342,277 |
| Compensation of current officers, directors, key employees. | $28,331 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,454,864 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,446 |
| Payroll taxes | $340,956 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,189 |
| Fees for services: Accounting | $86,079 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $594,191 |
| Advertising and promotion | $15,401 |
| Office expenses | $92,056 |
| Information technology | $35,402 |
| Royalties | $0 |
| Occupancy | $464,604 |
| Travel | $1,741 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $900,225 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $738,852 |
| Insurance | $118,576 |
| All other expenses | $0 |
| Total functional expenses | $8,664,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,355,197 |
| Savings and temporary cash investments | $6,975,696 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,766 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $181,756 |
| Net Land, buildings, and equipment | $11,619,046 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,175,461 |
| Accounts payable and accrued expenses | $472,841 |
| Grants payable | $0 |
| Deferred revenue | $192,254 |
| Tax-exempt bond liabilities | $17,195,827 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,860,922 |
| Net assets without donor restrictions | $2,314,539 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,175,461 |