2022-03-03T17:46:15-06:00 2021-06-30 362938874 OSTROW REISIN BERK & ABRAMS LTD 455 N CITYFRONT PLAZA DR SUITE 1500 CHICAGO IL 60611 990 2020-07-01 364141583 CHICAGO CHARTER SCHOOL FOUNDATION CHIC 3126515000 11 EAST ADAMS NO 600 CHICAGO IL 60603 KRIS CHEUNG CHIEF EXECUTIVE OFFICER 3126515000 2022-02-28 1 KRIS CHEUNG 999009999 JAMES G QUAID P00641738 3126707444 2022-02-28 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z CHICAGO INTERNATIONAL CHARTER SCHOOL KRIS CHEUNG 11 EAST ADAMS NO 600 CHICAGO IL 60603 123209510 0 X WWW.CHICAGOINTL.ORG X 1997 IL OUR VIBRANT NETWORK OF DIVERSE CHICAGO CHARTER SCHOOLS ENABLES STUDENTS TO THRIVE EVERY DAY, PUTS THEM ON A PATH TO SUCCESS IN COLLEGE AND LIFE, AND EMPOWERS ENTREPRENEURIAL EDUCATORS TO PURSUE EXCELLENCE THROUGH INNOVATION. 7 7 677 9 0 0 102991448 107368944 6114700 4179782 502324 834329 99218 67692 109707690 112450747 0 0 0 0 74398256 72960348 0 0 142328 37148002 36049921 111546258 109010269 -1838568 3440478 103636981 115297280 62689322 69184252 40947659 46113028 X OUR VIBRANT NETWORK OF DIVERSE CHICAGO CHARTER SCHOOLS ENABLES STUDENTS TO THRIVE EVERY DAY, PUTS THEM ON A PATH TO SUCCESS IN COLLEGE AND LIFE, AND EMPOWERS ENTREPRENEURIAL EDUCATORS TO PURSUE EXCELLENCE THROUGH INNOVATION. 1 0 90206699 4179782 PROVIDE EDUCATIONAL OPPORTUNITIES FOR YOUTH THROUGH THE OPERATION OF 14 CAMPUS LOCATIONS SERVING 7,796 STUDENTS IN GRADES KINDERGARTEN THROUGH TWELVE DURING FY JUNE 30, 2021. CICS' VIBRANT HUB OF DIVERSE CHICAGO CHARTER SCHOOLS ENABLES STUDENTS TO THRIVE EVERY DAY, PUTS THEM ON A PATH TO SUCCESS IN COLLEGE AND LIFE, AND EMPOWERS ENTREPRENEURIAL EDUCATORS TO PURSUE EXCELLENCE THROUGH INNOVATION. 90206699 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 1 0 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 1 0 0 0 0 1 141 0 677 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X JEN PARKINSON 3126515000 11 EAST ADAMS NO 600 CHICAGO IL 60603 ELIZABETH SHAW CHIEF EXECUTIVE OFFICER - TERM 40.00 X X 244206 0 20489 CHRISTINE LEUNG INTERIM CHIEF EXECUTIVE OFFICER 40.00 X 163052 0 17655 LAHARI GOUD CEP CHIEF STRATEGY OFFICER 40.00 X 160128 0 12157 LINDSEY GIRARD SCHOOL DIRECTOR 40.00 X 143460 0 21732 TAQUIA HYLTON CEP SCHOOL DIRECTOR 40.00 X 136292 0 25129 TORRY BENNETT-DAVIS CEP SCHOOL DIRECTOR 40.00 X 128679 0 29498 ZATAYA SHACKELFORD-WALTER CEP SCHOOL DIRECTOR 40.00 X 128270 0 25154 DINA EVERAGE CEP CHIEF ACADEMIC OFFICER - TERM 40.00 X 138962 0 10611 PELIN DENIZ CHIEF OPERATIONS OFFICER 40.00 X 132433 0 8546 DONALD EVANS HUMAN RESOURCES DIRECTOR 40.00 X 130702 0 5705 HIMALI PATEL CHIEF FINANCIAL OFFICER 40.00 X 116386 0 9589 KEVYN HARMON CHIEF OPERATING OFFICER 40.00 X 119697 0 131 STEPHANIE CROSIER CHIEF LEARNING OFFICER - TERM 40.00 X 107216 0 2415 LAURA THONN TREASURER 2.00 X X 0 0 0 BRIAN NOVELLINE PRESIDENT 2.00 X X 0 0 0 DAVID BLINDERMAN DIRECTOR 2.00 X 0 0 0 DAVID CHIZEWER DIRECTOR 2.00 X 0 0 0 ILEANA RODERIGUEZ DIRECTOR 2.00 X 0 0 0 AYLON SAMOUHA DIRECTOR 2.00 X 0 0 0 EVAN SHARP DIRECTOR 2.00 X 0 0 0 1849483 0 188811 28 0 1 0 BIG CONSTRUCTION LLC 1021 WEST ADAMS ST SUITE LL3 CHICAGO IL 60607 CONSTRUCTION SERVICES 1198606 PROGRESSUS THERAPY LLC 1780 KENDARBREN DRIVE JAMISON PA 18929 SCHOOL-BASED THERAPY 728968 VILLARREAL MONTREAL 217 W HURON SUITE LL5 CHICAGO IL 60654 CONSTRUCTION SERVICES 425400 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH ST MINNEAPOLIS MN 55402 ACCOUNTING SERVICES 284340 BUGGEYES LLC PO BOX 20097 CHICAGO IL 60620 EDUCATIONAL SERVICES 258891 10 106734199 634745 107368944 SCHOOL LUNCH PROGRAM 900099 3841808 3841808 STUDENT FEES, BOOKSTORE, EXTENDED 900099 337974 337974 4179782 518933 518933 11074159 10758763 315396 315396 315396 OTHER INCOME 900099 67692 67692 67692 112450747 4179782 0 902021 1048826 166219 856658 25949 57324087 52442017 4780945 101125 6674043 6282371 386917 4755 5598705 5047707 542319 8679 2314687 2104427 208971 1289 3938561 3938561 5916605 2971055 2945550 5458774 3192886 2265438 450 5181242 4923047 258195 2287971 2287156 815 6269723 6164610 105032 81 STUDENT PROGRAMS AND RE 4625204 4625204 CPS ADMIN FEE 2371841 2371841 109010269 90206699 18661242 142328 17642286 24949541 2245207 3445950 1254953 518931 101808108 53704473 50757325 48103635 22035482 24446207 9701728 13833016 103636981 115297280 10420088 8695560 113639 0 50008119 49117963 360749 0 0 2281004 1786727 9089725 62689322 69184252 X 40520020 45933546 427639 179482 40947659 46113028 103636981 115297280 3440478 1724891 0 X 0 1 X 1 1 1 X 88825273 100259502 100842948 102991448 107368944 500288115 1101971 601747 586645 584407 923692 3798462 89927244 100861249 101429593 103575855 108292636 504086577 504086577 219409 349544 897962 730377 518933 2716225 435729 710155 452336 99218 67694 1765132 508567934 24946047 0.99120 0.99050 X 1470900 1470900 67132976 26324409 40808567 23376580 19708804 3667776 9557664 7671260 1886404 269988 269988 48103635 DEPOSITS 32233 CASH & INVESTMENTS RESTRICTED BY BOND INDENTURE 4128434 DUE FROM MANAGEMENT COMPANY 1302846 ROU ASSETS 8369503 13833016 OPERATING AND FINANCE LEASES 9089725 9089725 X 115099330 1724891 923692 2648583 112450747 0 112450747 109933961 923692 923692 109010269 0 109010269 PART X, LINE 2: THE FOUNDATION IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. IN ADDITION, THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE FOUNDATION IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2021. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THROUGH THE SCHOOL MANAGEMENT ORGANIZATIONS AND APPLICATION PROCESS, THE FOUNDATION FULLY DISCLOSES ITS NONDISCRIMINATORY POLICY TO ALL POTENTIAL STUDENTS. COPIES OF THE POLICY ARE AVAILABLE UPON REQUEST. SCHEDULE E, PART I, LINE 6 THE FOUNDATION RECEIVES FEDERAL AND STATE GOVERNMENTAL FUNDS PASSED THROUGH CHICAGO PUBLIC SCHOOLS TO ASSIST IN THE FOUNDATION'S EFFORTS TO PROVIDE A FREE EDUCATION, OPEN TO THE PUBLIC, AND AVAILABLE TO ANY CITY OF CHICAGO STUDENT. X X 0 0 0 0 0 0 0 0 0 ELIZABETH SHAW CHIEF EXECUTIVE OFFICER - TERM 244206 0 0 0 0 0 10194 0 10295 0 264695 0 0 0 CHRISTINE LEUNG INTERIM CHIEF EXECUTIVE OFFICER 163052 0 0 0 0 0 6875 0 10780 0 180707 0 0 0 LAHARI GOUD CEP CHIEF STRATEGY OFFICER 160128 0 0 0 0 0 6452 0 5705 0 172285 0 0 0 LINDSEY GIRARD SCHOOL DIRECTOR 143460 0 0 0 0 0 21732 0 0 0 165192 0 0 0 TAQUIA HYLTON CEP SCHOOL DIRECTOR 136292 0 0 0 0 0 25129 0 0 0 161421 0 0 0 TORRY BENNETT-DAVIS CEP SCHOOL DIRECTOR 128679 0 0 0 0 0 23793 0 5705 0 158177 0 0 0 ZATAYA SHACKELFORD-WALTER CEP SCHOOL DIRECTOR 128270 0 0 0 0 0 23294 0 1860 0 153424 0 0 0 PART I, LINE 3 COMPENSATION FOR THE FOUNDATION'S CHIEF EXECUTIVE OFFICER IS ESTABLISHED BY A COMPENSATION COMMITTEE ON THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS THEN APPROVES THE COMPENSATION COMMITTEE'S RECOMMENDATION. A ILLINOIS FINANCE AUTHORITY 861091967 452022BR6 2017-11-30 54626298 IFA SERIES 2017 BOND, SEE PART VI 0 0 0 A 4215000 55043877 3208174 1030286 11805809 38999608 2020 1 0 0 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 1 1 0 0 0 0 1 A 1 SCHEDULE K, PART I A(F) TO REFUND SERIES 2007 BONDS AND TO FINANCE FACILITY IMPROVEMENTS AT THE NORTHTOWN, LONGWOOD, AND BASIL CAMPUSES. SCHEDULE K, PART II, LINE 3 THE AMOUNT INCLUDES INVESTMENT EARNINGS ON THE PROJECT FUND AND ON THE RESERVE FUND FOR THE PERIOD ENDING 6/30/21. SCHEDULE K, PART II, LINE 4 AMOUNT SHOWN IS THE AMOUNT ON DEPOSIT ON 6/30/21, WHICH IS DIFFERENT FROM THE AMOUNT INITIALLY DEPOSITED IN THE RESERVE OF $3,180,000. SCHEDULE K, PART II, LINE 11 THIS AMOUNT WAS USED TO REFUND PRIOR BONDS. SCHEDULE K, PART II, LINE 12 THERE WERE NO UNSPENT PROCEEDS AS OF 6/30/21. SCHEDULE K, PART II, LINE 13 THE FINANCED PROJECTS WERE SUBSTANTIALLY COMPLETED BY 6/30/2021. SCHEDULE K, PART III, LINE 4 THE PERCENTAGE OF FINANCED PROPERTY USED IN A PRIVATE BUSINESS BY ENTITIES OTHER THAN A SECTION 501(C)(3) ORGANIZATION OR A STATE OR LOCAL GOVERNMENT IS ZERO. SCHEDULE K, PART III, LINE 5 THE PERCENTAGE OF FINANCED PROPERTY USED IN A PRIVATE BUSINESS USE AS A RESULT OF UNRELATED TRADE OR BUSINESS ACTIVITY CARRIED ON BY THE ORGANIZATION, ANOTHER 501(C)(3) ORGANIZATION, OR A STATE OR LOCAL GOVERNMENT IS ZERO. SCHEDULE K, PART IV, LINE 2C ON OR ABOUT 02/02/2021 OUR REBATE CONSULTANT INFORMED US THAT HE DID NOT SEE ANY REBATE EXPOSURE AT THAT TIME. WE EXPECT TO HAVE A FORMAL REBATE COMPUTATION PERFORMED IN 2022 BEFORE THE FIRST POSSIBLE DUE DATE FOR ANY REBATE ON THIS BOND ISSUE. FORM 990, PART III, LINE 2 BEGINNING IN FISCAL YEAR ENDING JUNE 30, 2020, CHICAGO CHARTER SCHOOL FOUNDATION BEGAN DIRECT OPERATING THREE OF THEIR CAMPUSES. PART IV LINE 24C - TAX-EXEMPT BONDS: A TRUSTEE DOES MAINTAIN A DEBT SERVICE RESERVE FUND AND A CAPITALIZED INTEREST FUND FOR TAX-EXMPT BONDS, BUT SINCE THESE FUNDS ARE NOT USED TO DEFEASE ANY TAX-EXEMPT BONDS, THE ORGANIZATION HAS ANSWERED "NO" TO #24C. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE ASSISTS IN PREPARING AND THEN REVIEWS A DRAFT OF FORM 990 THAT IS INITIALLY PREPARED BY THE FOUNDATION'S CPA FIRM. A FINAL COPY OF FORM 990 IS PROVIDED TO THE FULL BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MANAGEMENT OR BOARD MEMBERS BRING ANY POTENTIAL CONFLICTS OF INTEREST TO THE ATTENTION OF THE BOARD FOR REVIEW AND DISCUSSION. THE FOUNDATION ACTIVELY MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY AND REQUESTS EACH BOARD MEMBER TO SIGN ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A A COMPENSATION COMMITTEE, INCLUDING THE BOARD TREASURER AND OTHER DESIGNATED BOARD MEMBERS, REVIEW THE COMPENSATION FOR THE EXECUTIVE DIRECTOR. IN ADDITION, THE FINANCE COMMITTEE REVIEWS THE COMPENSATION OF ALL EMPLOYEES AS PART OF THE ANNUAL BUDGET REVIEW. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION FURNISHES ITS ANNUAL AUDITED FINANCIAL STATEMENTS UPON REQUEST. SCHEDULE R PART I - IDENTIFICATION OF DISREGARDED ENTITIES: THE FOUNDATION IS THE SOLE MANAGER AS WELL AS THE SOLE MEMBER OF CIVITAS EDUCATION PARTNERS, LLC. THE FOUNDATION IS THE SOLE MANAGER OF BOTH CIVITAS SCHOOLS, LLC AND QUEST MANAGEMENT, LLC. CIVITAS EDUCATION PARTNERS, LLC IS THE SOLE MEMBER OF BOTH CIVITAS SCHOOLS, LLC AND QUEST MANAGEMENT, LLC. THE INFO REPORTED ON SCHEDULE R PART I FOR CIVITAS EDUCATION PARTNERS, LLC INCLUDES INFO OF BOTH CIVITAS SCHOOLS, LLC AND QUEST MANAGEMENT, LLC. 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