2022-05-15T08:16:32-05:00 2021-06-30 420714325 RSM US LLP 30 S Wacker Drive Ste 3300 Chicago IL 60606 990 2020-07-01 364002001 Lycee Francais de Chicago Inc LYCE 7736650066 1929 West Wilson Avenue Chicago IL 606405208 Michael Yager CFO 7736650066 2022-05-13 1 Michael Yager 999009999 Rebekuh Eley P01247672 3126343400 2022-05-13 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z Eric Veteau 1929 West Wilson Avenue Chicago IL 606405208 20349643 0 X www.LyceeChicago.org X 1995 IL Private school, serving pre-K through 12th grade students. 18 18 248 275 0 0 3432737 3505928 18781604 16796851 95292 19960 -140887 -627 22168746 20322112 1573205 1614395 0 0 13116742 12247512 0 0 360400 4461089 3955678 19151036 17817585 3017710 2504527 46369926 48724560 30792196 30642303 15577730 18082257 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.Through our inclusive, multilingual and pluricultural learning environment and our true immersion-based curricula - offering both French Baccalaureate and International Baccalaureate programs - we give students from pre-K through grade 12 an outstanding, unique experience.The Lycee's educational excellence enables our students to thrive around the world, in college and throughout their academic, professional and personal lives. 0 0 15036896 1614395 16796851 Lycee Francais de Chicago is a private, not-for-profit, coeducational day school serving 735 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. 15036896 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 40 0 1 248 1 0 1 FR 0 0 0 1 1 0 0 0 0 0 0 X 18 18 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 Kelsey Burr Chair 5.00 X X 0 0 0 Robert Sevim Past Chair 5.00 X X 0 0 0 Virginie Ott-Bono Treasurer 5.00 X X 0 0 0 Randy Bridgeman Secretary 5.00 X X 0 0 0 Lisa Bailey Trustee 1.00 X 0 0 0 Tatiana Bonuma Trustee 1.00 X 0 0 0 Siobhan Cafferty Trustee 1.00 X 0 0 0 Bryna Dahlin Trustee 1.00 X 0 0 0 Nicolas Dubois Trustee 1.00 X 0 0 0 Marissa Ingley 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 Philippe Lunardelli Trustee 1.00 X 0 0 0 John McBroom Trustee 1.00 X 0 0 0 Joris Wijpkema Trustee 1.00 X 0 0 0 Aurelie Richard Trustee 1.00 X 0 0 0 Ann Thompson Trustee 1.00 X 0 0 0 Eric Veteau President 40.00 X 326945 0 18318 Mike Yager CFO 40.00 X 186589 0 62144 Sarah Galer CCMO 40.00 X 120422 0 26415 Philippe Audasso Director of Athletics 40.00 X 115455 0 11289 Maris Harrington Director of Philanthropy 40.00 X 104149 0 16156 Irina Lobo-Ziemann Director of Information Technology 40.00 X 101733 0 48855 Severine Fougerol Director of Secondary School 40.00 X 104311 0 21616 1059604 0 204793 8 0 1 0 Danmark Security 800 Wells Street Suite M5 Chicago IL 60607 Building Security 174229 1 228152 2248166 1029610 30942 3505928 Tuition and Fees 611110 16241819 16241819 Extra Curricular Activties 900099 235284 235284 Application Fees 900099 155430 155430 Sports Activities 900099 89998 89998 Summer Camp 900099 74320 74320 16796851 19960 19960 4445 228152 27531 -23086 -23086 22459 22459 22459 20322112 16796851 0 19333 1614395 1614395 569404 483897 78849 6658 9738041 8275680 1348493 113868 242843 205720 37123 943260 797131 131951 14178 753964 639705 104246 10013 53230 53230 64863 64863 141355 42514 98841 82507 5037 68707 8763 297111 202050 87024 8037 55355 49927 5428 722652 667065 50745 4842 80 64 16 929029 857569 65236 6224 1053189 876654 170503 6032 68257 63007 4793 457 Student Supplies 312150 306408 5742 Bad Debt 148805 148805 Annual Fund Expense 27095 27095 17817585 15036896 2420289 360400 10097169 13233520 233926 23795 102565 52198 106990 186143 40442568 6349506 34670828 34093062 1158448 1135842 46369926 48724560 1656946 1839913 4437790 4621488 22561159 22104795 2031900 2000000 104401 76107 30792196 30642303 X 15186830 17670216 390900 412041 15577730 18082257 46369926 48724560 2504527 0 X 0 1 X 1 0 X 1405652 1464234 1531338 3432737 3505928 11339889 1405652 1464234 1531338 3432737 3505928 11339889 1788510 9551379 7193 12196 70626 95292 19960 205267 24230 43727 34504 17195 22459 142115 11687271 86121800 0.81720 0.77260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 100106 20 20 100106 100106 85 85 100106 100106 197 197 100106 100106 452 452 100106 100106 244 244 100106 0.00000 1.00000 0.00000 0 0 7078000 7078000 31062837 4545576 26517261 1736519 1294808 441711 565212 509122 56090 34093062 Parent Association Fund 76107 76107 X 18712122 31500 31500 18680622 1641490 1641490 20322112 16207595 31500 31500 16176095 1641490 1641490 17817585 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, 2021 and 2020. 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 4b - Other Adjustments: Financial Aid 1,614,395. Annual Fund Expense 27,095. Part XII, Line 4b - Other Adjustments: Financial Aid 1,614,395. Annual Fund Expense 27,095. 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 PPP Loans and CARES Act Funding Soiree 218152 218152 23313 Oui Run 14445 10000 4445 4218 232597 228152 4445 27531 27531 -23086 1 Financial Aid 134 1614395 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 280440 0 45525 0 980 0 11400 0 6918 0 345263 0 0 0 Mike Yager CFO 161055 0 24908 0 626 0 6694 0 55450 0 248733 0 0 0 Irina Lobo-Ziemann Director of Information Technology 101632 0 0 0 101 0 4228 0 44627 0 150588 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. 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). X 2 11742 FMV X Masks 1 16000 FMV X Thermometers 1 3200 FMV 0 0 0 0 Part I, Column (b): Reporting the number of contributions 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).