Lycee Francais De Chicago Inc
- Assets
- $48.7m
- Revenue
- $20.3m
- Investments
- $0.0
- Employees
- 248
- Location
- Chicago, IL
- Founding
- 06/1995
- Data as of
- 06/2021
- EIN
- 36-4002001
Organization Overview
Lycee Francais De Chicago Inc is located in Chicago, IL. The organization was established in 1995. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Lycee Francais DE Chicago Inc employed 248 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lycee Francais DE Chicago Inc 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, Lycee Francais DE Chicago Inc generated $20.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $17.8m during the year ending 06/2021. While expenses have increased by 0.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE SCHOOL, SERVING PRE-K THROUGH 12TH GRADE STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LYCEE FRANCAIS DE CHICAGO IS A PRIVATE, NOT-FOR-PROFIT, COEDUCATIONAL DAY SCHOOL SERVING 735 STUDENTS FROM PRE-KINDERGARTEN THROUGH 12TH GRADE. THE LYCEE FRANCAIS DE CHICAGO PREPARES STUDENTS TO BE RESPONSIBLE GLOBAL CITIZENS BY PROVIDING A DYNAMIC DUAL LANGUAGE, BICULTURAL EDUCATION THAT FOCUSES ON EXCELLENCE THROUGH THE FRENCH NATIONAL CURRICULUM COMPLEMENTED BY A STRONG ENGLISH LANGUAGE ARTS AND AMERICAN STUDIES PROGRAM. OUR MULTICULTURAL, DUAL-LANGUAGE CURRICULUM BRINGS TOGETHER THE BEST OF THE FRENCH AND AMERICAN EDUCATION SYSTEMS. IT NOT ONLY ENHANCES OUR STUDENTS' INTERPERSONAL, COMMUNICATION, AND ACADEMIC SKILLS, IT ALSO HELPS THEM DISTINGUISH THEMSELVES IN AN INCREASINGLY COMPETITIVE WORLD. THE LYCEE BELONGS TO THE RENOWNED WORLDWIDE FRENCH SCHOOL SYSTEM, WHICH ENSURES THE CONSISTENCY AND COHESIVENESS OF ITS CURRICULUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Veteau President | Officer | 40 | $326,945 |
Mike Yager CFO | Officer | 40 | $186,589 |
Sarah Galer Ccmo | 40 | $120,422 | |
Philippe Audasso Director Of Athletics | 40 | $115,455 | |
Severine Fougerol Director Of Secondary School | 40 | $104,311 | |
Maris Harrington Director Of Philanthropy | 40 | $104,149 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Danmark Security Building Security | 6/29/20 | $211,642 |
Pitch Concepts Outdoor Space Design | 6/29/20 | $206,563 |
Danmark Security Building Security | 6/29/20 | $211,642 |
Sprinturf Llc Turf Field Installation | 6/29/20 | $163,431 |
Pitch Concepts Outdoor Space Design | 6/29/20 | $206,563 |
Danmark Security Building Security | 6/29/20 | $211,642 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $228,152 |
| Related organizations | $0 |
| Government grants | $2,248,166 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,029,610 |
| Noncash contributions included in lines 1a–1f | $30,942 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,505,928 |
| Total Program Service Revenue | $16,796,851 |
| Investment income | $19,960 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$23,086 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,322,112 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,614,395 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $569,404 |
| Compensation of current officers, directors, key employees. | $78,849 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,738,041 |
| Pension plan accruals and contributions | $242,843 |
| Other employee benefits | $943,260 |
| Payroll taxes | $753,964 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $53,230 |
| Fees for services: Accounting | $64,863 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $141,355 |
| Advertising and promotion | $82,507 |
| Office expenses | $297,111 |
| Information technology | $55,355 |
| Royalties | $0 |
| Occupancy | $722,652 |
| Travel | $80 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $929,029 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,053,189 |
| Insurance | $68,257 |
| All other expenses | $0 |
| Total functional expenses | $17,817,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,233,520 |
| Pledges and grants receivable | $23,795 |
| Accounts receivable, net | $52,198 |
| 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 | $186,143 |
| Net Land, buildings, and equipment | $34,093,062 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,135,842 |
| Total assets | $48,724,560 |
| Accounts payable and accrued expenses | $1,839,913 |
| Grants payable | $0 |
| Deferred revenue | $4,621,488 |
| 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 | $22,104,795 |
| Unsecured mortgages and notes payable | $2,000,000 |
| Other liabilities | $76,107 |
| Total liabilities | $30,642,303 |
| Net assets without donor restrictions | $17,670,216 |
| Net assets with donor restrictions | $412,041 |
| 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 | $48,724,560 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Lycee Francais De Chicago Inc has recieved totaling $89,667.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $48,350 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $16,067 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $12,500 |
Organization Name not Listed PURPOSE: EDUCATIONAL PROGRAMS | | $3,750 |
Imc Chicago Charitable Foundation Chicago, IL PURPOSE: GENERAL | $2,500 |
Niamogue Foundation Chicago, IL PURPOSE: ANNUAL DONATION | $2,500 |
Endowment Analysis
| Beg. Balance | $100,106 |
| Earnings | $20 |
| Other Expense | $20 |
| Ending Balance | $100,106 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Four Lakes Education Inc Mcfarland, WI | $19,510,761 | $31,025,737 |
Spencer Foundation Chicago, IL | $670,624,797 | $32,472,140 |
Childrens First Fund The Chicago Public School Foundation Chicago, IL | $26,791,850 | $26,985,163 |
Inside Track Impact Inc Indianapolis, IN | $23,220,663 | $19,614,456 |
Lycee Francais De Chicago Inc Chicago, IL | $48,724,560 | $20,322,112 |
Strada Collaborative Inc Indianapolis, IN | $87,757,237 | $36,146,755 |
Sertoma Centre Inc Alsip, IL | $22,208,490 | $17,472,414 |
Connected Nation Inc Bowling Green, KY | $5,021,239 | $16,572,653 |
National Association Of State Procurement Officials Lexington, KY | $137,920,901 | $31,374,950 |
Cross Trails Medical Center Cape Girardeau, MO | $16,622,925 | $13,747,968 |
Institute For Quality Education Inc Indianapolis, IN | $12,107,092 | $12,010,135 |
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |