Catalyst Schools
- Assets
- $24.1m
- Revenue
- $27.8m
- Investments
- $0.0
- Employees
- 423
- Location
- Chicago, IL
- Founding
- 03/2007
- Data as of
- 06/2022
- EIN
- 20-4069346
Organization Overview
Catalyst Schools is located in Chicago, IL. The organization was established in 2007. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Catalyst Schools employed 423 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catalyst Schools 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 06/2022, Catalyst Schools generated $27.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $27.3m during the year ending 06/2022. While expenses have increased by 5.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CATALYST SCHOOLS OPERATE TUITION-FREE PUBLIC GRADE SCHOOLS AND HIGH SCHOOL COMMITTED TO PROVIDING QUALITY EDUCATION FOR STUDENTS AND FAMILIES IN LOW INCOME COMMUNITIES OF CHICAGO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CATALYST MARIA CHARTER SCHOOL IS A KINDERGARTEN THROUGH 12TH GRADE SCHOOL IN THE CHICAGO LAWN NEIGHBORHOOD. THE SCHOOL OPERATES TWO CLASSROOMS AT EACH GRADE LEVEL, KINDERGARTEN THROUGH 8TH WITH APPROXIMATELY 30 STUDENTS PER CLASS (60 STUDENTS PER GRADE) AND APPROXIMATELY 540 9TH - 12TH GRADE STUDENTS.
CATALYST SCHOOLS PARTNER WITH URBAN COMMUNITIES TO OFFER COLLEGE-PREPARATORY K-12 EDUCATION. EACH CHILD IS GIVEN A RIGOROUS ACADEMIC PROGRAM SUITED TO HIS OR HER NEEDS. IN ADDITION, CATALYST HELPS EACH CHILD DEVELOP POSITIVE CHARACTER TRAITS THAT WILL HELP HIM OR HER BE AN ASSET AND CHANGE AGENT IN THE COMMUNITY. CATALYST'S GOAL IS TO PROVIDE A QUALITY EDUCATIONAL CHOICE TO FAMILIES WHO EXPERIENCE THE EFFECTS OF ECONOMIC DIFFICULTY AND WHO HAVE NOT BEEN ADEQUATELY SERVED BY EXISTING EDUCATIONAL INSTITUTIONS SO THEIR CHILDREN WILL ULTIMATELY GRADUATE FROM COLLEGE. CATALYST HAS TWO CAMPUSES.CIRCLE ROCK ELEMENTARY SCHOOL IS A KINDERGARTEN THROUGH 8TH GRADE SCHOOL IN THE AUSTIN NEIGHBORHOOD AND OPENED IN FALL 2007 IN A BUILDING LEASED FROM A FORMER PRIVATE SCHOOL WHICH WAS PURCHASED IN FISCAL YEAR 2018. THE SCHOOL OPERATES TWO CLASSROOMS AT EACH GRADE LEVEL WITH APPROXIMATELY 27 STUDENTS PER CLASS (54 STUDENTS PER GRADE).
THE KEHREIN CENTER FOR THE ARTS (CENTER) IS AN AUDITORIUM ON THE CATALYST CIRCLE ROCK CAMPUS AND STARTED OPERATIONS IN FISCAL YEAR 2020. THE CENTER IS USED FOR STUDENT ACTIVITIES IN ADDITION TO BEING AVAILABLE TO THE PUBLIC FOR CULTURAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Colleen Reardon Chairman Until 12/31/21 | OfficerTrustee | 1 | $0 |
Larry Williams Chairman | OfficerTrustee | 1 | $0 |
Steven Brown Director | OfficerTrustee | 1 | $0 |
Yuan-Ying Hsu Finance Committee Chair & Treasurer | OfficerTrustee | 1 | $0 |
Catherine Burns Academic Committee Chair | Trustee | 1 | $0 |
Steven D'souza Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kaleidoscope Education Solutions Teachers | 6/29/22 | $129,849 |
Rose Educators Llc Substitute Teachers | 6/29/22 | $140,896 |
Maxim Healthcare Services Inc Speech Language Pathologist | 6/29/22 | $163,960 |
Progressus Therapy Llc Psychologist | 6/29/22 | $123,069 |
Therapy Travelers Llc Speech Language Pathologist | 6/29/22 | $115,875 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $273,574 |
| Noncash contributions included in lines 1a–1f | $112,068 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $273,574 |
| Total Program Service Revenue | $27,352,960 |
| Investment income | $7,125 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $82,199 |
| Net Gain/Loss on Asset Sales | $23,368 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,796,322 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $391,007 |
| Compensation of current officers, directors, key employees. | $13,908 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,121,947 |
| Pension plan accruals and contributions | $376,955 |
| Other employee benefits | $1,385,256 |
| Payroll taxes | $543,259 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $116,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $397,415 |
| Advertising and promotion | $11,456 |
| Office expenses | $465,530 |
| Information technology | $1,212,323 |
| Royalties | $0 |
| Occupancy | $1,371,748 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $102,681 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,069,847 |
| Insurance | $171,629 |
| All other expenses | $94,366 |
| Total functional expenses | $27,344,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,137,776 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,501,791 |
| Accounts receivable, net | $0 |
| 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 | $184,921 |
| Net Land, buildings, and equipment | $17,270,452 |
| Investments—publicly traded securities | $995,319 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,090,259 |
| Accounts payable and accrued expenses | $2,649,122 |
| Grants payable | $0 |
| Deferred revenue | $53,641 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,536,035 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,238,798 |
| Net assets without donor restrictions | $12,831,211 |
| Net assets with donor restrictions | $20,250 |
| 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 | $24,090,259 |