Latin School Of Chicago
- Assets
- $156.6m
- Revenue
- $50.0m
- Investments
- $56.6m
- Employees
- 598
- Location
- Chicago, IL
- Founding
- 10/1954
- Data as of
- 06/2021
- EIN
- 36-2258525
Organization Overview
Latin School Of Chicago is located in Chicago, IL. The organization was established in 1954. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Latin School Of Chicago employed 598 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latin School Of Chicago 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 06/2021, Latin School Of Chicago generated $50.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $51.6m during the year ending 06/2021. While expenses have increased by 2.5% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AN INDEPENDENT CO-ED JUNIOR KINDERGARTEN-12TH GRADE DAY SCHOOL.
Describe the Organization's Program Activity:
INSTRUCTION AND STUDENT SUPPORT ACTIVITIES-FOUNDED IN 1888, THE LATIN SCHOOL OF CHICAGO IS AN INDEPENDENT COEDUCATIONAL DAY SCHOOL FOR GRADES JUNIOR KINDERGARTEN-12. THE STUDENTS: A DIVERSE COMMUNITY OF 1,190 STUDENTS IN JUNIOR KINDERGARTEN-12 FROM CHICAGO AND THE SURROUNDING SUBURBS.THE FACULTY: CARING, EXPERIENCED PROFESSIONALS, OVER 87% OF WHOM HAVE EARNED A MASTER'S DEGREE OR HIGHER. THE STUDENT FACULTY RATIO IS 9:1.ACADEMICS: LATIN OFFERS A RIGOROUS COLLEGE PREPARATORY CURRICULUM THAT ENCOURAGES INDEPENDENCE, CREATIVITY AND CURIOSITY WITH AN EMPHASIS ON INTERDISCIPLINARY LEARNING.FINANCIAL AID: THE SCHOOL ASSISTS STUDENTS WHO OTHERWISE MAY NOT BE FINANCIALLY ABLE TO ATTEND SCHOOL. APPROXIMATELY 13.5% OF THE STUDENT BODY RECEIVES FINANCIAL AID.
SUMMER AND STUDENT SUPPORT SERVICES: THESE PROGRAMS INCLUDE SUMMER AT LATIN AND THE EXTENDED DAY PROGRAM. SUMMER AT LATIN PROVIDES A HIGH QUALITY EDUCATIONAL AND RECREATIONAL OPPORTUNITY FOR CHILDREN OF ALL AGES. THE SUMMER STAFF IS COMMITTED TO OFFERING A SAFE, NURTURING COMMUNITY THAT ALIGNS WITH THE VALUES OF THE SCHOOL WHERE PURSUIT OF KNOWLEDGE COMPLEMENTS INDIVIDUAL GROWTH. THE EXTENDED DAY PROGRAM SUPPORTS LATIN FAMILIES BY OFFERING A SAFE FUN PROGRAM BEFORE AND AFTER THE SCHOOL DAY FOR STUDENTS ENROLLED IN JUNIOR KINDERGARTEN THROUGH 4TH GRADE. THE PROGRAM PROVIDES A BALANCE OF ORGANIZED ACTIVITY AND FREE TIME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall C Dunn Head Of School | Officer | 50 | $715,145 |
Shelley Greenwood Assistant Head Of School For Advancement | Officer | 50 | $315,205 |
Michael Szczepanek CFO | Officer | 50 | $277,585 |
Debra Sampey Ms Director | 50 | $179,629 | |
Elizabeth Pleshette Director Of College Counseling | 50 | $178,101 | |
Julie Brooks Ls Director | 50 | $171,286 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Heatmasters Mechanical Hvac | 6/29/21 | $175,294 |
Harley Ellis Devereaux Architecture | 6/29/21 | $147,584 |
Jpc Development Llc Construction | 6/29/21 | $384,559 |
Handcut Food Food Service | 6/29/21 | $1,876,661 |
Paycom Payroll Llc Payroll Services | 6/29/21 | $148,577 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,196,395 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,803,118 |
| Noncash contributions included in lines 1a–1f | $919,485 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,999,513 |
| Total Program Service Revenue | $44,303,257 |
| Investment income | $465,876 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $187,066 |
| Net Income from Fundraising Events | -$47,471 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$101 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,037,538 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $492,383 |
| Grants and other assistance to domestic individuals. | $4,316,031 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,597,183 |
| Compensation of current officers, directors, key employees. | $1,434,564 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,832,826 |
| Pension plan accruals and contributions | $1,556,337 |
| Other employee benefits | $6,421,982 |
| Payroll taxes | $1,612,689 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $431,503 |
| Fees for services: Accounting | $83,346 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,500 |
| Fees for services: Other | $307,810 |
| Advertising and promotion | $104,705 |
| Office expenses | $370,919 |
| Information technology | $549,116 |
| Royalties | $0 |
| Occupancy | $1,506,672 |
| Travel | $112,641 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,336 |
| Interest | $874,753 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,244,887 |
| Insurance | $224,710 |
| All other expenses | $53,749 |
| Total functional expenses | $51,596,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,644,274 |
| Savings and temporary cash investments | $5,401,692 |
| Pledges and grants receivable | $1,667,307 |
| Accounts receivable, net | $202,832 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $47,545 |
| Prepaid expenses and deferred charges | $318,156 |
| Net Land, buildings, and equipment | $62,926,268 |
| Investments—publicly traded securities | $19,055,342 |
| Investments—other securities | $56,592,527 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,780,587 |
| Total assets | $156,636,530 |
| Accounts payable and accrued expenses | $4,101,861 |
| Grants payable | $0 |
| Deferred revenue | $5,315,837 |
| Tax-exempt bond liabilities | $12,292,676 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $12,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,423,651 |
| Total liabilities | $38,134,025 |
| Net assets without donor restrictions | $51,600,891 |
| Net assets with donor restrictions | $66,901,614 |
| 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 | $156,636,530 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Latin School Of Chicago has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Apmpff Inc Chicago, IL PURPOSE: GENERAL SUPPORT | $50,000 |
Endowment Analysis
| Beg. Balance | $60,898,960 |
| Earnings | $17,163,636 |
| Admin Expense | -$43,069 |
| Net Contributions | $1,423,008 |
| Other Expense | $2,044,232 |
| Grants | $660,239 |
| Ending Balance | $76,824,202 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Charter School Foundation Chicago, IL | $115,297,280 | $112,450,747 |
Principia Corporation St Louis, MO | $1,121,774,918 | $256,921,200 |
Youth Connection Charter School Chicago, IL | $19,677,483 | $57,450,809 |
Latin School Of Chicago Chicago, IL | $156,636,530 | $50,037,538 |
Francis W Parker School Chicago, IL | $194,788,594 | $67,683,715 |
Mary Institute And Saint Louis Country Day School St Louis, MO | $240,203,179 | $40,528,498 |
Confluence Academy St Louis, MO | $36,687,360 | $48,180,498 |
St Lukes-Jones Regional Medical Center Anamosa, IA | $65,819,310 | $47,904,266 |
Pembroke Hill School Kansas City, MO | $163,708,613 | $51,122,329 |
University School Of Milwaukee Corporation Milwaukee, WI | $59,516,474 | $37,531,617 |
Park Tudor Foundation Inc Indianapolis, IN | $62,976,373 | $33,968,467 |
Christian Academy Of Louisville Inc Louisville, KY | $31,042,976 | $28,033,644 |