2025-05-15T17:02:50-05:00 2024-06-30 420714325 RSM US LLP 30 S Wacker Drive Ste 3300 Chicago IL 60606 990 2023-07-01 364002001 Lycee Francais de Chicago Inc LYCE 7736650066 1929 West Wilson Avenue Chicago IL 606405208 Michael Yager CFO 7736650066 2025-05-15 1 1 Ariel Garcia P02244437 3126343400 2025-05-15 2023 2025-03-06 01:10:19Z Eric Veteau 1929 West Wilson Avenue Chicago IL 606405208 23577778 0 X www.LyceeChicago.org X 1995 IL Private school, serving pre-K through 12th grade students. 19 19 289 315 0 0 2057866 1111100 19322795 21408871 375952 574677 179179 228590 21935792 23323238 1702957 1900457 0 0 14028533 15353694 0 0 466403 4601652 5178901 20333142 22433052 1602650 890186 50728444 52146659 28942449 29272608 21785995 22874051 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. 1 0 19211995 1900457 21408871 Lycee Francais de Chicago is a private, not-for-profit, coeducational day school serving 776 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.LFC*daycare offers children 24-month and up an inviting space to play, learn and grow in a warm, bilingual environment. It is a year long program open Monday-Friday from 7am to 6pm. 19211995 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 0 0 0 0 0 0 0 0 0 0 1 56 0 1 289 1 0 1 FR 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 0 1 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 Brigitte Ozzello Chair 5.00 X X 0 0 0 Aurelie Richard Treasurer until 6/30/24 5.00 X X 0 0 0 Randy Bridgeman Secretary 5.00 X X 0 0 0 Virginie Ott-Bono Past Chair 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 Keith Brennan Trustee 1.00 X 0 0 0 Kelsey Burr Trustee 1.00 X 0 0 0 Marissa Ingley Trustee 1.00 X 0 0 0 Eric Jensen Trustee 1.00 X 0 0 0 Angelina Joiner Trustee until 6/30/24 1.00 X 0 0 0 Kish Khemani Trustee until 6/30/24 1.00 X 0 0 0 Eileen Kirkwood Trustee until 6/30/24 1.00 X 0 0 0 Jenn Lajano 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 until 6/30/24 1.00 X 0 0 0 Christophe Ridet Trustee until 6/30/24 1.00 X 0 0 0 Eric Veteau President 40.00 X 344489 0 21072 Mike Yager CFO 40.00 X 215741 0 38611 Sarah Galer CCMO 40.00 X 143246 0 29057 Philippe Audasso Director of Athletics 40.00 X 130086 0 10458 Irina Lobo-Ziemann Director of Information Technology 40.00 X 127298 0 20957 Pascal Leon Director of Primary School 40.00 X 110247 0 7936 Delphine Geannopulos Director of Middle School 40.00 X 106104 0 23278 1177211 0 151369 8 0 1 0 Danmark Security 800 Wells Street Suite M5 Chicago IL 60607 Building Security Services 243357 1 289942 821158 1111100 Tuition and Fees 611110 19217219 19217219 Extra Curricular Activties 900099 856651 856651 Summer Camp 900099 787320 787320 Daycare 900099 266235 266235 Sports Activities 900099 240366 240366 41080 41080 21408871 574677 574677 333599 289942 254540 79059 79059 149531 149531 149531 23323238 21408871 0 803267 1900457 1900457 627235 539685 74273 13277 12006383 10330521 1421713 254149 287874 252301 31999 3574 1512897 1325949 168165 18783 919305 788087 111284 19934 90256 90256 112631 112631 289499 225938 60518 3043 186501 23316 147918 15267 443812 303889 126870 13053 63762 25608 34664 3490 823251 744357 72467 6427 18885 13600 4647 638 841907 761225 74109 6573 1197475 983399 207269 6807 96057 80436 15297 324 Student Supplies 849704 847590 574 1540 Annual Fund Expenses 99524 99524 Bad Debt Expense 65637 65637 22433052 19211995 2754654 466403 1410683 2615987 1817 25000 138802 262478 141578 189898 42466479 9743952 32836466 32722527 14989257 14231785 1209841 2098984 50728444 52146659 2169194 2209166 5452446 5311015 21134490 20618979 186319 1133448 28942449 29272608 X 21330006 22360473 455989 513578 21785995 22874051 50728444 52146659 890186 197870 0 X 0 1 X 1 0 X 3432737 3505928 3173924 2057866 1111100 13281555 3432737 3505928 3173924 2057866 1111100 13281555 1660382 11621173 95292 19960 39786 375952 574677 1105667 0 0 0 24430 79059 103489 17195 22459 55781 154749 149531 399715 14890426 94112796 0.78040 0.82330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1 0 0 0 1 212 0 0 212 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 101647 1000000 4735 0 1106382 101123 524 0 101647 101104 1036 1017 101123 101084 40 20 101104 100106 1063 85 101084 0.90385 0.09615 0.00000 0 0 7078000 7078000 32048900 7113350 24935550 2544349 1988692 555657 795230 641910 153320 32722527 Parent Association Fund 61242 Lease Liability 1072206 1133448 X 21623205 197870 102078 -1999981 -1700033 23323238 0 23323238 20535149 102078 102078 20433071 1999981 1999981 22433052 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, 2024 and 2023. 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 -1,900,457. Annual Fund -99,524. Part XII, Line 4b - Other Adjustments: Financial Aid 1,900,457. Annual Fund 99,524. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 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. Europe (Including Iceland & Greenland) 0 0 Program Services Educational Trip 123660 North America 0 0 Program Services Educational Trip 91145 East Asia and the Pacific 0 0 Program Services Educational Trip 59677 0 0 0 0 0 0 274482 0 274482 0 0 0 0 0 0 Soiree Dinner 453930 264513 189417 10350 114412 17746 34704 French Market 101186 25429 75757 13200 19709 2 68425 68425 2341 2419 39659 623541 289942 333599 12691 130031 17746 94072 254540 79059 1 Financial Aid 130 1900457 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 323509 0 20000 0 980 0 12875 0 8197 0 365561 0 0 0 Mike Yager CFO 214486 0 0 0 1255 0 9275 0 29336 0 254352 0 0 0 Sarah Galer CCMO 143073 0 0 0 173 0 5967 0 23090 0 172303 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). Form 990, Part III, line 2 The Organization opened the Daycare program on September 18, 2023. Form 990, Part VI, Section A, line 4 The Organization's Bylaws were amended on June 8, 2024. The updates included approval of the President's compensation, at-large Trustees term limits, roles and voting of ex-officio members and committee chair matters. 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).