2024-05-15T18:48:32-05:00 2023-06-30 420714325 RSM US LLP 30 S Wacker Drive Ste 3300 Chicago IL 60606 990 2022-07-01 364002001 Lycee Francais de Chicago Inc LYCE 7736650066 1929 West Wilson Avenue Chicago IL 606405208 Michael Yager CFO 7736650066 2024-05-15 1 Michael Yager 364002001 1 Ariel Garcia P02244437 3126343400 2024-05-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Eric Veteau 1929 West Wilson Avenue Chicago IL 606405208 22237299 0 X www.LyceeChicago.org X 1995 IL Private school, serving pre-K through 12th grade students. 17 17 278 325 0 0 3173924 2057866 17802675 19322795 39786 375952 -59878 179179 20956507 21935792 1627309 1702957 0 0 12882263 14028533 0 0 374425 4293720 4601652 18803292 20333142 2153215 1602650 48935654 50728444 28757378 28942449 20178276 21785995 X The Lycee Francais de Chicago, driven by our core values of respect, responsibility and the joy of learning, empowers students to grow into active global citizens. 0 0 17490243 1702957 19322795 Lycee Francais de Chicago is a private, not-for-profit, coeducational day school serving 760 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. 17490243 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 54 0 1 278 1 0 1 FR 0 0 0 1 1 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X Mike Yager 7736650066 1929 West Wilson Avenue Chicago IL 606405208 Virginie Ott-Bono Chair 5.00 X X 0 0 0 Brigitte Ozzello Chair Elect 2.00 X X 0 0 0 Aurelie Richard Treasurer 5.00 X X 0 0 0 Randy Bridgeman Secretary 5.00 X X 0 0 0 Kelsey Burr Trustee 1.00 X 0 0 0 Pierre-Andre Balson Trustee 1.00 X 0 0 0 Joanne Barry-Bobule Trustee 1.00 X 0 0 0 Tatiana Bonuma Trustee 1.00 X 0 0 0 Michael Fields Trustee 1.00 X 0 0 0 Marissa Ingley Trustee 1.00 X 0 0 0 Angelina Joiner Trustee 1.00 X 0 0 0 Kish Khemani Trustee 1.00 X 0 0 0 Eileen Kirkwood Trustee 1.00 X 0 0 0 Xavier Laurens Trustee 1.00 X 0 0 0 Jennifer Lee Trustee 1.00 X 0 0 0 Philippe Lunardelli Trustee 1.00 X 0 0 0 Christophe Ridet Trustee 1.00 X 0 0 0 Eric Veteau President 40.00 X 351659 0 19494 Mike Yager CFO 40.00 X 224696 0 31040 Sarah Galer CCMO 40.00 X 138328 0 27703 Philippe Audasso Director of Athletics 40.00 X 124913 0 11136 Irina Lobo-Ziemann Director of Information Technology 40.00 X 120559 0 18118 Delphine Geannopulos Director of Middle School 40.00 X 102230 0 21929 Pascal Leon Director of Primary School 40.00 X 105127 0 7470 1167512 0 136890 7 0 1 0 Danmark Security 800 Wells Street Suite M5 Chicago IL 60607 Building Security Services 225763 1 362527 1063966 631373 2057866 Tuition and Fees 611110 17557469 17557469 Extra Curricular Activties 900099 801347 801347 Summer Camp 900099 685974 685974 Sports Activities 900099 205480 205480 Application Fees 900099 72525 72525 19322795 375952 375952 325937 362527 301507 24430 24430 154749 154749 154749 21935792 19322795 0 555131 1702957 1702957 576355 493177 71067 12111 11143390 9535197 1374034 234159 261266 225092 33039 3135 1195168 1029689 151137 14342 852354 730511 103461 18382 62581 62581 79695 79695 192066 137041 51705 3320 115638 8336 94741 12561 451083 301121 135197 14765 48554 14959 32024 1571 750027 713331 31443 5253 42028 35615 4307 2106 862617 820412 36163 6042 1139481 935773 197231 6477 85807 76094 8813 900 Student Supplies 732774 730938 1836 Annual Fund Expense 39301 39301 20333142 17490243 2468474 374425 6803070 1410683 14317 1817 74792 138802 120314 141578 41415690 8579224 33599642 32836466 7211255 14989257 1112264 1209841 48935654 50728444 1920126 2169194 5141288 5452446 21629495 21134490 66469 186319 28757378 28942449 X 19818540 21330006 359736 455989 20178276 21785995 48935654 50728444 1602650 5069 0 X 0 1 X 1 0 X 1531338 3432737 3505928 3173924 2057866 13701793 1531338 3432737 3505928 3173924 2057866 13701793 1671498 12030295 70626 95292 19960 39786 375952 601616 24430 24430 34504 17195 22459 55781 154749 284688 14612527 90400936 0.82330 0.84270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1 0 0 0 1 2600 0 0 2600 0 Part II-B, Line 1: Lycee's staff visited Springfield, IL to meet with legislators in support of the Invest in Kids Scholarship program. X 0 100106 579 579 100106 100106 1017 1017 100106 100106 20 20 100106 100106 85 85 100106 100106 197 197 100106 0.00000 1.00000 0.00000 0 0 7078000 7078000 31347108 6246416 25100692 2278419 1732717 545702 712163 600091 112072 32836466 Parent Association Fund 62528 Lease Liability 123791 186319 X 20273903 5069 75300 -1702957 -1622588 21896491 39301 39301 21935792 18666184 75300 75300 18590884 1742258 1742258 20333142 Part III, Line 1a: The School owns a collection which consists of photographs by Christian Boltanski, a contemporary French conceptual artist and photographer, and is not recognized as an asset on the statements of financial position. Purchases of collection items are recorded as decreases in net assets without donor restrictions in the year in which the items are acquired. Proceeds from deaccession are reflected as increases in net assets without donor restrictions. There were no amounts deaccessed during the fiscal years ended June 30, 2023 and 2022. Part III, Line 4: Artwork by French artist to further the French culture at the school. Part V, Line 4: Building and Maintenance Expenses Part X, Line 2: The School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and applicable state law, except for taxes pertaining to unrelated business income, if any. The School follows the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the School may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the School and various positions related to the potential source of unrelated taxable income. There were no unrecognized tax benefits identified or recorded as liabilities for the reporting periods presented herein. The School files Forms 990 in the U.S. federal jurisdiction and the State of Illinois. Part XI, Line 2d - Other Adjustments: Financial Aid -1,702,957. Part XI, Line 4b - Other Adjustments: Annual Fund 39,301. Part XII, Line 4b - Other Adjustments: Financial Aid 1,702,957. Annual Fund 39,301. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Lycee Francais de Chicago's non-discrimination statement is in all advertisements that we run, however, we have not placed advertisements or notices addressing solely our non-discrimination policy. Schedule E, Part I, Line 6 ERTC, CARES Funding, Title Funds Europe (Including Iceland & Greenland) 0 0 Program Services Educational Trip 163623 North America 0 0 Program Services Educational Trip 71706 0 0 0 0 0 0 235329 0 235329 0 0 0 0 0 0 Part III Accounting Method: Soiree Dinner 565073 351175 213898 9750 115189 31846 23529 French Market 71204 71204 12379 58894 2 52187 11352 40835 1264 1466 47190 688464 362527 325937 11014 129034 31846 129613 301507 24430 1 Financial Aid 129 1702957 Part I, Line 2: Financial aid is dispersed according to need. X X 0 0 0 0 0 0 0 1 0 Eric Veteau President 308172 0 42915 0 572 0 11687 0 7807 0 371153 0 0 0 Mike Yager CFO 195829 0 27793 0 1074 0 9472 0 21568 0 255736 0 0 0 Sarah Galer CCMO 138161 0 0 0 167 0 5919 0 21784 0 166031 0 0 0 Part I, Line 7 The President received a discretionary bonus during the year which was subject to the approval of the Board of Directors. The Chief Financial Officer received a discretionary bonus during the year which was subject to approval by the President. The bonuses are reported on Part II, column B(ii). Wear Moi LLC See below 35425 See below 0 Schedule L, Part IV: (b) Relationship between interest person and the organization: Christophe Ridet, Board Member, is the owner of Wear Moi, LLC. Schedule L, Part IV: (b) Description of Transaction: During the year ended June 30, 2023, Lycee Francais de Chicago, Inc. paid Wear Moi, LLC $35,425 for school jackets. Form 990, Part VI, Section B, line 11b The Board Finance Committee reviews and approves the Form 990 on behalf of the Board of Trustees before the Form 990 is filed with the IRS. Form 990, Part VI, Section B, line 12c By the nature of Lycee Francais de Chicago's conflict of interest policy, no business transactions are undertaken with any Trustee or the business of any Trustee. Form 990, Part VI, Section B, line 15 The President's compensation was determined by the Board of Trustees. Comparison data and peer market validation was used in determining the compensation. The process was documented. The employees who report directly to the President, including the Chief Financial Officer. The President evaluates performance and checks the salary scales of other schools on ISACS and NAIS sites. Form 990, Part VI, Section C, line 19 The organization's governing documents and the conflict of interest policy are available upon request. The financial statements are available to the public upon request for the same period of disclosure as set forth in IRC Section 6104(d).