Distinctive Schools Of Illinois
- Assets
- $3.8m
- Revenue
- $41.7m
- Investments
- $0.0
- Employees
- 894
- Location
- Chicago, IL
- Founding
- 02/2015
- Data as of
- 06/2023
- EIN
- 27-4967763
Organization Overview
Distinctive Schools Of Illinois is located in Chicago, IL. The organization was established in 2015. 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 06/2023, Distinctive Schools Of Illinois employed 894 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Distinctive Schools Of Illinois 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 06/2023, Distinctive Schools Of Illinois generated $41.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 68.4% each year . All expenses for the organization totaled $41.5m during the year ending 06/2023. While expenses have increased by 62.0% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DISTINCTIVE SCHOOLS IS A NON-PROFIT ORGANIZATION DEDICATED TO SUPPORTING AND ACCELERATING THE WORK OF CHARTER SCHOOLS SERVING KIDS FROM TRADITIONALLY UNDER-SERVED BACKGROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATIONAL OPPORTUNITIES FOR YOUTH THROUGH MANAGEMENT OF CHARTER SCHOOLS SERVING KINDERGARTEN THROUGH ELEVENTH GRADE STUDENTS DURING THE FISCAL YEAR JUNE 30, 2023.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Denise Davis-Cotton Trustee | Trustee | 2 | $0 |
Dr Eric Smith Trustee | Trustee | 2 | $0 |
David Sundstrom Chief Admin Officer | OfficerTrustee | 40 | $114,068 |
James Flavin Trustee | Trustee | 2 | $4,848 |
Dr Kenneth Wong Trustee | Trustee | 2 | $15,354 |
Dr Joseph Wise Chairman | OfficerTrustee | 20 | $148,917 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Starr Commonwealth Education And Training | 6/29/20 | $347,801 |
Ostrow Reisen Berk & Abrams Audit | 6/29/20 | $104,750 |
Chicago Transom Partners Accounting | 6/29/20 | $280,088 |
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 | $25,237 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,237 |
| Total Program Service Revenue | $41,493,547 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $129,599 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,725,709 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $317,000 |
| 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. | $2,255,770 |
| Compensation of current officers, directors, key employees. | $225,576 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,104,594 |
| Pension plan accruals and contributions | $2,724,452 |
| Other employee benefits | $2,436,140 |
| Payroll taxes | $1,494,044 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,830 |
| Fees for services: Accounting | $70,897 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $277,150 |
| Advertising and promotion | $101,132 |
| Office expenses | $38,755 |
| Information technology | $173,437 |
| Royalties | $0 |
| Occupancy | $368,898 |
| Travel | $238,572 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,288 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,116 |
| Insurance | $23,679 |
| All other expenses | $4,474 |
| Total functional expenses | $41,535,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,153,034 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,435,137 |
| 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 | $127,697 |
| Net Land, buildings, and equipment | $364,710 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $762,852 |
| Total assets | $3,843,430 |
| Accounts payable and accrued expenses | $456,982 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,190,437 |
| Total liabilities | $2,647,419 |
| Net assets without donor restrictions | $1,161,626 |
| Net assets with donor restrictions | $34,385 |
| 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 | $3,843,430 |
Grants Awarded
Over the last fiscal year, Distinctive Schools Of Illinois has awarded $316,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ART IN MOTION PURPOSE: EDUCATION | $201,000 |
PLYMOUTH EDUCATIONAL CENTER PURPOSE: EDUCATION | $115,500 |