Leslie Shankman School Corporation
- Assets
- $18.5m
- Revenue
- $14.9m
- Investments
- $0.0
- Employees
- 194
- Location
- Chicago, IL
- Founding
- 02/1995
- Data as of
- 06/2022
- EIN
- 36-3900221
Organization Overview
Leslie Shankman School Corporation is located in Chicago, IL. The organization was established in 1995. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Leslie Shankman School Corporation employed 194 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leslie Shankman School Corporation 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, Leslie Shankman School Corporation generated $14.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $17.4m during the year ending 06/2022. While expenses have increased by 2.4% 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
PRIVATE SCHOOL CORP OPERATING SCHOOLS FOR CHILDREN WITH LEARNING DIFFERENCES AND PSYCHIATRIC DISORDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES THE HYDE PARK DAY SCHOOL FOR STUDENTS WITH LEARNING DIFFERENCES AND NEEDS THAT CANNOT BE MET IN A REGULAR SCHOOL SETTING. THEY SERVE STUDENTS FROM KINDERGARTEN THROUGH EIGHTH GRADE WITH LOCATIONS IN CHICAGO, IL, NORTHFIELD, IL, AND LEMONT, IL FOR UP TO 180 PUPILS. THE STUDENTS HAVE AVERAGE TO SUPERIOR INTELLIGENCE. THE MAJORITY OF THE STUDENTS TRANSITION BACK TO A REGULAR SCHOOL AND GO ON TO ATTEND AND COMPLETE COLLEGE.
THE ORGANIZATION OPERATES THE SONIA SHANKMAN ORTHOGENIC SCHOOL, A DAY SCHOOL FOR STUDENTS WITH PROFOUND EMOTIONAL ISSUES. IT SERVES STUDENTS FROM KINDERGARTEN THROUGH TWELFTH GRADE. A LARGE MAJORITY OF STUDENTS GRADUATE TO COLLEGE, BACK TO THEIR HOME SCHOOLS OR TO LESS RESTRICTIVE ENVIRONMENTS. THERAPEUTIC SERVICES ARE PROVIDED FOR STUDENTS ATTENDING THE SONIA SHANKMAN ORTHOGENIC SCHOOL. THE RESIDENTIAL PROGRAM WAS CLOSED IN FY2021, IN ORDER TO TRIPLE THE SIZE OF THE DAY PROGRAM OVER THE NEXT 4 YEARS TO A MAXIMUM OF 140 STUDENTS. THE DAY SCHOOL ALSO INCLUDES A TRANSITIONAL PROGRAM. THE EXPANSION WILL ALSO ADD A SUMMER CAMP AND A DIAGNOSTIC AND ASSESSMENT CENTER.
THE BROOKE WHITTED CENTER WAS A RESIDENTIAL TRANSTIONAL LIVING PROGRAM SERVING YOUNG ADULTS WITH PSCYCHIATRIC SUPPORT NEEDS. THIS PROGRAM WAS CLOSED ON JUNE 11, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter Crnich Executive Director | Officer | 40 | $199,395 |
Diana Kon Co-Executive Director | Officer | 40 | $199,054 |
Abby Simon CFO And Co-Exec Director | Officer | 40 | $190,588 |
Melanie Mitra Principal | 40 | $131,441 | |
Karen M Fried Clinical Director | 40 | $121,234 | |
Pete Myers CFO And Co-Exec Director | Officer | 40 | $118,363 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quest Food Management Services Inc Food And Kitchen Services | 6/29/22 | $337,815 |
Elbow Grease Janitorial Service Inc Housekeeping And Cleaning | 6/29/22 | $220,806 |
Keno Kozie It Services | 6/29/22 | $182,836 |
Allied Universal Security | 6/29/22 | $141,904 |
Safeguard Surveillance Covid Testing | 6/29/22 | $104,478 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $343,021 |
| Related organizations | $1,325,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $606,740 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,274,761 |
| Total Program Service Revenue | $12,520,202 |
| Investment income | $33,746 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,435 |
| Net Income from Fundraising Events | -$65,241 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,894,001 |
| 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. | $835,827 |
| Compensation of current officers, directors, key employees. | $422,747 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,761,331 |
| Pension plan accruals and contributions | $364,992 |
| Other employee benefits | $1,510,076 |
| Payroll taxes | $655,230 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,417 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $997,188 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $191,729 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $165,367 |
| Insurance | $0 |
| All other expenses | $26,526 |
| Total functional expenses | $17,379,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $593,221 |
| Savings and temporary cash investments | $52,847 |
| Pledges and grants receivable | $100,000 |
| Accounts receivable, net | $2,564,361 |
| 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 | $125,244 |
| Net Land, buildings, and equipment | $219,042 |
| Investments—publicly traded securities | $1,422,133 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,464,223 |
| Total assets | $18,541,071 |
| Accounts payable and accrued expenses | $837,993 |
| Grants payable | $0 |
| Deferred revenue | $677,395 |
| 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 | $5,544,606 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $762,785 |
| Total liabilities | $7,822,779 |
| Net assets without donor restrictions | -$3,698,163 |
| Net assets with donor restrictions | $14,416,455 |
| 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 | $18,541,071 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Leslie Shankman School Corporation has recieved totaling $99,611.
| Awarding Organization | Amount |
|---|---|
Leadership Legacy Life Foundation Austin, TX PURPOSE: Donations | $25,000 |
W P & H B White Foundation Northfield, IL PURPOSE: THERAPEUTIC DAY PROGRAM | $20,000 |
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $18,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $15,157 |
The Judith And Marshall Meyer Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $500 |
Endowment Analysis
| Beg. Balance | $13,794,162 |
| Earnings | $281,070 |
| Grants | $690,000 |
| Ending Balance | $13,385,232 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Special Education Services North Aurora, IL | $31,632,053 | $51,559,990 |
Hope School Springfield, IL | $21,982,147 | $30,686,089 |
El Valor Corporation Chicago, IL | $18,984,764 | $27,352,024 |
Elim Christian Services Crestwood, IL | $24,694,365 | $26,170,413 |
Little Star Center Inc Carmel, IN | $4,849,265 | $23,180,469 |
Search Inc Chicago, IL | $24,962,467 | $21,927,520 |
Hoyleton Youth And Family Services Fairview Heights, IL | $12,821,253 | $20,105,613 |
Leslie Shankman School Corporation Chicago, IL | $18,541,071 | $14,894,001 |
La Causa Inc Milwaukee, WI | $21,522,910 | $16,623,620 |
Gibault Inc Terre Haute, IN | $35,353,670 | $13,928,805 |
Giant Steps Illinois Inc Lisle, IL | $11,784,298 | $12,524,007 |
Chileda Institute Inc La Crosse, WI | $16,643,719 | $12,257,585 |