2023-05-09T16:16:11-05:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP 301 SW ADAMS STREET SUITE 1000 PEORIA IL 61602 990 2021-07-01 270681058 PEORIA CHARTER SCHOOL INITIATIVE CO NFP PEOR 3094020030 2503 N UNIVERSITY ST PEORIA IL 616042601 JACK GILLIGAN CFO 3094020030 2023-05-08 1 JACK GILLIGAN XXX-XX-XXXX SAMUEL A CIGELNIK P00324762 3096714500 2023-05-08 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z QUEST CHARTER ACADEMY JACK GILLIGAN 2503 N UNIVERSITY ST PEORIA IL 616042601 7458316 0 X WWW.QUESTPEORIA.ORG X 2009 IL THE MISSION OF THE ORGANIZATION IS TO PROVIDE CHILDREN IN GRADES 5 THROUGH 12, A COLLEGE PREPARATORY EDUCATION FOCUSING ON MATH, SCIENCE AND TECHNOLOGY. 10 10 122 0 0 0 124624 179747 6281547 7273870 323 4699 1280650 0 7687144 7458316 3375 9826 0 0 5678015 5792757 0 0 0 1655679 1886138 7337069 7688721 350075 -230405 5778002 5783891 233932 470524 5544070 5313367 THE MISSION OF THE ORGANIZATION IS TO PROVIDE CHILDREN IN GRADES 5 THROUGH 12, A COLLEGE PREPARATORY EDUCATION FOCUSING ON MATH, SCIENCE, AND TECHNOLOGY. 0 0 664979 374854 THE SCHOOL SUCCESSFULLY EDUCATED 490 STUDENTS IN SCHOOL YEAR 2021-2022. THIS EDUCATION FOCUSES ON PREPARING THE STUDENTS FOR HIGH SCHOOL AND COLLEGE. THIS PORTION REPRESENTS THE FOOD SERVICE AND STUDENT TRANSPORTATION SERVICES PROVIDED BY THE SCHOOL. 5225061 9826 6899016 THE SCHOOL SUCCESSFULLY EDUCATED 490 STUDENTS IN SCHOOL YEAR 2021-2022. THIS EDUCATION FOCUSES ON PREPARING THE STUDENTS FOR HIGH SCHOOL AND COLLEGE. 5890040 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 122 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 1 1 0 X DEBORAH LAHOOD BUSINESS MANAGER 3094020030 2503 N UNIVERSITY ST PEORIA IL 616042601 GLENN ROSS PRESIDENT 1.00 X X 0 0 0 DR JOHN F GILLIGAN CFO 0.75 X X 0 0 0 JAN LEONARD SECRETARY 0.75 X X 0 0 0 POLLY BARTON BOARD MEMBER 0.50 X 0 0 0 DR KIRAN VELPULA BOARD MEMBER 0.50 X 0 0 0 DR VENUS EVAN'S-WINTERS BOARD MEMBER 0.50 X 0 0 0 JODI PEINE BOARD MEMBER 0.50 X 0 0 0 MICKEISHA ARMSTRONG BOARD MEMBER 0.50 X 0 0 0 FRANCHINE MARTIN BOARD MEMBER 0.50 X 0 0 0 VIRGIL MARSHALL BOARD MEMBER 0.50 X 0 0 0 DEBORAH LAHOOD BUSINESS MANAGER 50.00 X 133926 0 21477 DR TAUNYA JENKINS EXECUTIVE DIRECTOR 50.00 X 213171 0 32946 ROBYN MCCRACKEN PRINCIPAL 50.00 X 102992 0 10324 ROBERT DOWNEY DIRECTOR OF TECHNOLOGY 50.00 X 105110 0 22596 555199 0 87343 4 0 1 0 FIRST STUDENT INC 22157 NETWORK PLACE CHICAGO IL 606731221 SCHOOL BUS SERVICE 515891 ARAMARK 900 KOCH ST SUITE 2 PEKIN IL 61554 FOOD SERVICES 138287 2 18317 26608 134822 179747 REVENUE FROM PUBLIC SC 611600 6853477 6853477 FOOD SERVICE 611600 327239 327239 TRANSPORTATION 611600 47615 47615 STUDENT FEES 611600 38146 38146 EXTRACURRICULAR ACTIVI 611600 3817 3817 3576 3576 7273870 4699 4699 7458316 7273870 0 4699 X 9826 9826 444444 444444 3990687 3225994 764693 375099 255772 119327 741361 538235 203126 241166 164446 76720 7452 1788 5664 21487 5157 16330 12954 3109 9845 33646 24420 9226 418956 418956 19218 19218 253018 253018 68958 68958 STUDENT TRANSPORTATION 520576 520576 ACTIVITIES AND PROGRAMS 188606 155321 33285 FOOD SERVICE 144403 144403 OFFICE EQUIPMENT 106313 104890 1423 90551 64129 26422 7688721 5890040 1798681 0 3959636 4028788 84258 322503 17195 20756 2702288 1849104 1086344 853184 630569 558660 5778002 5783891 233932 470524 233932 470524 X 5224834 5028102 319236 285265 5544070 5313367 5778002 5783891 -230405 -298 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 301190 100397 200793 1559224 1041823 517401 841874 706884 134990 853184 EMPLOYEE RETENTION CREDIT 558660 558660 X 7492287 33971 33971 7458316 0 7458316 7688721 0 7688721 0 7688721 PART X, LINE 2: THE SCHOOL RECOGNIZES THE FINANCIAL STATEMENT EFFECTS FROM A 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 SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBI). THE ASSESSMENT OF THE TECHNICAL MERITS OF A TAX POSITION IS A MATTER OF JUDGMENT. THE SCHOOL BELIEVES THAT ALL ITS TAX POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE SCHOOL FILES FORMS 990 IN THE U.S. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET ASSETS RELEASED FROM RESTRICTION 33,971. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY HAS BEEN EXPLAINED THROUGH OUR SCHOOL BROCHURES AND IN OUR GENERAL APPLICATION / REGISTRATION PROCESS. SCHEDULE E, PART I, LINE 6 $6,853,477 - GRANTS FROM PEORIA SCHOOL DISTRICT #150 TO OPERATE SCHOOL 0 SCHOLARSHIPS 9 9826 0 0 0 0 0 0 0 0 0 DR TAUNYA JENKINS EXECUTIVE DIRECTOR 213171 0 0 0 0 0 24186 0 8760 0 246117 0 0 0 DEBORAH LAHOOD BUSINESS MANAGER 133926 0 0 0 0 0 12140 0 9337 0 155403 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS MADE AVAILABLE TO THE PUBLIC THROUGH PUBLICLY AVAILABLE BOARD MEETING DOCUMENTS. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, AN INTERESTED PERSON MUST ANNUALLY DISCLOSE THE EXISTENCE OF HIS OR HER FINANCIAL INTEREST AND MUST BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD-DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER SUCH PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS FORMALLY REVIEWED ANNUALLY BY THE BOARD PRESIDENT AND THE BOARD HR MEMBER. BOARD CONSIDERATION INCLUDES THE SCHOOL'S PERFORMANCE. THE FULL BOARD APPROVES THE CEO'S COMPENSATION ANNUALLY. ALL OTHER SALARIES ARE REVIEWED IN REGARD TO INDUSTRY STANDARDS BY THE CEO. DURING A CURRENT YEAR FOR THE FOLLOWING YEAR, THE SALARIES ARE REVIEWED BY THE FINANCE COMMITTEE AND APPROVED BY THE BOARD WHEN THE BUDGET FOR THE FOLLOWING YEAR IS APPROVED. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE THROUGH PUBLICLY AVAILABLE BOARD MEETING DOCUMENTS. FORM 990, PART IX, LINE 24E SUPPLIES: PROGRAM SERVICE EXPENSES 46,196. MANAGEMENT AND GENERAL EXPENSES 13,953. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 60,149. STAFF RECRUITMENT: PROGRAM SERVICE EXPENSES 17,933. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,933. POSTAGE, SHIPPING AND DELIVERY: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 7,426. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,426. MEMBERSHIP & MARKETING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,128. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,128. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 915. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 915. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE IS THE AUDIT COMMITTEE AND IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM LAST YEAR.