Chicago Charter School Foundation
- Assets
- $115.3m
- Revenue
- $112.5m
- Investments
- $0.0
- Employees
- 677
- Location
- Chicago, IL
- Founding
- 03/1999
- Data as of
- 06/2021
- EIN
- 36-4141583
Organization Overview
Chicago Charter School Foundation, operating under the name Chicago International Charter School, is located in Chicago, IL. The organization was established in 1999. 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, Chicago International Charter School employed 677 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago International Charter School 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, Chicago International Charter School generated $112.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $109.0m during the year ending 06/2021. While expenses have increased by 2.8% 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
OUR VIBRANT NETWORK OF DIVERSE CHICAGO CHARTER SCHOOLS ENABLES STUDENTS TO THRIVE EVERY DAY, PUTS THEM ON A PATH TO SUCCESS IN COLLEGE AND LIFE, AND EMPOWERS ENTREPRENEURIAL EDUCATORS TO PURSUE EXCELLENCE THROUGH INNOVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATIONAL OPPORTUNITIES FOR YOUTH THROUGH THE OPERATION OF 14 CAMPUS LOCATIONS SERVING 7,796 STUDENTS IN GRADES KINDERGARTEN THROUGH TWELVE DURING FY JUNE 30, 2021. CICS' VIBRANT HUB OF DIVERSE CHICAGO CHARTER SCHOOLS ENABLES STUDENTS TO THRIVE EVERY DAY, PUTS THEM ON A PATH TO SUCCESS IN COLLEGE AND LIFE, AND EMPOWERS ENTREPRENEURIAL EDUCATORS TO PURSUE EXCELLENCE THROUGH INNOVATION.
PROVIDE EDUCATIONAL OPPORTUNITIES FOR YOUTH THROUGH THE OPERATION OF 14 CAMPUS LOCATIONS SERVING 7,796 STUDENTS IN GRADES KINDERGARTEN THROUGH TWELVE DURING FY JUNE 30, 2021. CICS' VIBRANT HUB OF DIVERSE CHICAGO CHARTER SCHOOLS ENABLES STUDENTS TO THRIVE EVERY DAY, PUTS THEM ON A PATH TO SUCCESS IN COLLEGE AND LIFE, AND EMPOWERS ENTREPRENEURIAL EDUCATORS TO PURSUE EXCELLENCE THROUGH INNOVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Shaw Chief Executive Officer - Term | OfficerTrustee | 40 | $244,206 |
Christine Leung Interim Chief Executive Officer | Officer | 40 | $163,052 |
Lahari Goud Cep Chief Strategy Officer | Officer | 40 | $160,128 |
Lindsey Girard School Director | 40 | $143,460 | |
Dina Everage Cep Chief Academic Officer - Term | Officer | 40 | $138,962 |
Taquia Hylton Cep School Director | 40 | $136,292 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Progressus Therapy Llc School-based Therapy | 6/29/21 | $728,968 |
Cliftonlarsonallen Llp Accounting Services | 6/29/21 | $284,340 |
Big Construction Llc Construction Services | 6/29/21 | $1,198,606 |
Villarreal Montreal Construction Services | 6/29/21 | $425,400 |
Buggeyes Llc Educational Services | 6/29/21 | $258,891 |
Villarreal Montreal Construction Services | 6/29/21 | $425,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $106,734,199 |
| All other contributions, gifts, grants, and similar amounts not included above | $634,745 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,368,944 |
| Total Program Service Revenue | $4,179,782 |
| Investment income | $518,933 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $315,396 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $112,450,747 |
| 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. | $1,048,826 |
| Compensation of current officers, directors, key employees. | $856,658 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,324,087 |
| Pension plan accruals and contributions | $6,674,043 |
| Other employee benefits | $5,598,705 |
| Payroll taxes | $2,314,687 |
| Fees for services: Management | $3,938,561 |
| 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 | $0 |
| Fees for services: Other | $5,916,605 |
| Advertising and promotion | $0 |
| Office expenses | $5,458,774 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,181,242 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,287,971 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,269,723 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $109,010,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,949,541 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,445,950 |
| 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 | $518,931 |
| Net Land, buildings, and equipment | $48,103,635 |
| Investments—publicly traded securities | $24,446,207 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,833,016 |
| Total assets | $115,297,280 |
| Accounts payable and accrued expenses | $8,695,560 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $49,117,963 |
| 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 | $2,281,004 |
| Other liabilities | $9,089,725 |
| Total liabilities | $69,184,252 |
| Net assets without donor restrictions | $45,933,546 |
| Net assets with donor restrictions | $179,482 |
| 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 | $115,297,280 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Chicago Charter School Foundation has recieved totaling $24,144.
| Awarding Organization | Amount |
|---|---|
Genyouth Inc Rosemont, IL PURPOSE: End Student Hunger | $24,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $144 |
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 |