Alain Locke Charter School
- Assets
- $5.6m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 66
- Location
- Chicago, IL
- Founding
- 01/2000
- Data as of
- 06/2023
- EIN
- 36-4182397
Organization Overview
Alain Locke Charter School is located in Chicago, IL. The organization was established in 2000. 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 06/2023, Alain Locke Charter School employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alain Locke 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 06/2023, Alain Locke Charter School generated $6.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $6.5m during the year ending 06/2023. While expenses have increased by 2.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ALAIN LOCKE CHARTER SCHOOL IS DEVOTED TO THE BETTERMENT OF URBAN CHILDREN BY IMPROVING EDUCATION THROUGH IDENTIFYING, IMPROVING, AND IMPLEMENTING THE BEST PRACTICES IN EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALAIN LOCKE CHARTER SCHOOL (ALAIN LOCKE), NAMED FOR THE FIRST AFRICAN-AMERICAN RHODES SCHOLAR, MODELS ABSOLUTE EXCELLENCE IN CHICAGO'S HISTORICALLY UNDER SERVED EAST GARFIELD PARK NEIGHBORHOOD. WITH A LEARNER-CENTERED APPROACH AND A FOCUS ON PREPARING STUDENTS FOR A SUCCESSFUL COLLEGE EXPERIENCE, THE GOAL OF ALAIN LOCKE IS TO SERVE AS A MODEL FOR INNOVATIVE URBAN EDUCATION AND TO PRODUCE STUDENTS WHO ARE GLOBALLY COMPETITIVE. OFFERING AN EXTENDED DAY AND YEAR-ROUND PROGRAM, ALAIN LOCKE PROVIDES ELEMENTARY EDUCATION FOR CHILDREN IN PRE-KINDERGARTEN THROUGH EIGHTH GRADE. LOCATED IN EAST GARFIELD PARK ON CHICAGO'S WEST SIDE, THE STUDENTS ARE PRIMARILY AFRICAN-AMERICAN. AT ALAIN LOCKE, MORE THAN 90% OF THE STUDENTS ARE ELIGIBLE FOR FREE OR REDUCED LUNCH. ALAIN LOCKE PLACES EMPHASIS ON CHARACTER EDUCATION, ALONG WITH A POSITIVE, DISCIPLINED, AND NURTURING SCHOOL CULTURE, AND SUPPORT FOR STUDENTS IN ESTABLISHING PATTERNS OF SUCCESS AND BECOMING LIFELONG LEARNERS. TALENTED AND DEDICATED EDUCATORS ARE DRAWN TO ALAIN LOCKE BECAUSE OF ITS COMMITMENT TO PROVIDING QUALITY PROFESSIONAL DEVELOPMENT, AS WELL AS OPPORTUNITIES FOR LEADERSHIP AND TO WORK COLLABORATIVELY WITH COLLEAGUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chair/director | OfficerTrustee | 15 | $0 |
Name Not Listed Vice Chair/director & Acting Secretary (as Of 10/4/22) | OfficerTrustee | 5 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director And Parent Representative (until 6/26/23) | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $18,438 |
| Related organizations | $2,500 |
| Government grants | $5,867,090 |
| All other contributions, gifts, grants, and similar amounts not included above | $644,202 |
| Noncash contributions included in lines 1a–1f | $240,866 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,532,230 |
| Total Program Service Revenue | $4,556 |
| Investment income | $38,693 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$5,898 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,573,932 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $31,200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $253,756 |
| Compensation of current officers, directors, key employees. | $25,376 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,212,840 |
| Pension plan accruals and contributions | $352,075 |
| Other employee benefits | $484,786 |
| Payroll taxes | $156,854 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,869 |
| Fees for services: Accounting | $44,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $392,459 |
| Advertising and promotion | $53,804 |
| Office expenses | $264,062 |
| Information technology | $151,555 |
| Royalties | $0 |
| Occupancy | $511,493 |
| Travel | $62,388 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,518 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,663 |
| Insurance | $29,837 |
| All other expenses | $62,626 |
| Total functional expenses | $6,493,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,514,563 |
| Savings and temporary cash investments | $2,358,354 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $117,236 |
| 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 | $68,051 |
| Net Land, buildings, and equipment | $104,930 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,432,801 |
| Total assets | $5,595,935 |
| Accounts payable and accrued expenses | $30,157 |
| 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 | $1,940,743 |
| Total liabilities | $1,970,900 |
| Net assets without donor restrictions | $3,341,524 |
| Net assets with donor restrictions | $283,511 |
| 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 | $5,595,935 |