2019-05-15T14:37:07-05:00 2018-06-30 420714325 RSM US LLP 1 S Wacker Drive Ste 800 Chicago IL 60606 990 2017-07-01 364002001 Lycee Francais de Chicago Inc LYCE 7736650066 1929 West Wilson Avenue CHICAGO IL 606405208 Michael Yager CFO 7736650066 2019-05-15 1 Rebekuh Eley P01247672 3126343400 66.98.98.9 2019-05-15 14:03:14 CD P F6217F2D6ED5C2D75B43E0AF4E216B671259B073 2A28FA2E2A09A40AF4F0A751499BE74D16D20E85 2017 2019-02-21 02:37:17Z Robert Sevim 1929 West Wilson Avenue CHICAGO IL 606405208 18483522 0 X www.LyceeChicago.org X 1995 IL Private school, serving pre-K through 12th grade students. 19 19 272 310 0 17526 1405652 1464234 15752567 16736034 7193 12196 -116891 -64866 17048521 18147598 1208134 1340753 0 0 11273736 11650403 0 0 510306 4808892 4908246 17290762 17899402 -242241 248196 41789454 41792211 30344369 30155495 11445085 11636716 X The mission of the Lycee Francais de Chicago is to educate children pre-Kindergarten through 12th grade with a rigorous dual-language curriculum grounded in the French educational system, complemented by a strong American program and the International Baccalaureate, within an engaged multicultural community that encourages students to become responsible global citizens. 0 0 14962280 1340753 16736034 Lycee Francais de Chicago is a private, not-for-profit, coeducational day school serving 763 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. 14962280 1 1 0 0 0 0 0 0 0 0 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 68 0 1 272 1 1 1 1 FR 0 0 0 1 1 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 1 0 0 X Mike Yager 7736650066 1929 West Wilson Avenue Chicago IL 606405208 Robert Sevim Chair 5.00 X X 0 0 0 Jon Shulkin Ex-Chair 5.00 X X 0 0 0 Joris Wijpkema Treasurer 5.00 X X 0 0 0 Mark Hebbeln Secretary 5.00 X X 0 0 0 Curt R Bailey Trustee 1.00 X 0 0 0 Kevin Baliozian Trustee (Until 6/19/18) 1.00 X 0 0 0 Margot Bogue Trustee (Until 6/19/18) 1.00 X 0 0 0 David Brooks Trustee 1.00 X 0 0 0 Kelsey Burr Trustee 1.00 X 0 0 0 Siobhan Cafferty Trustee 1.00 X 0 0 0 Jean-Pierre Compte Trustee 1.00 X 0 0 0 Bryna Dahlin Trustee 1.00 X 0 0 0 Natalie Douden Trustee 1.00 X 0 0 0 Barbara Higgins Trustee (Until 6/19/18) 1.00 X 0 0 0 Kish Khemeni Trustee (As of 6/19/18) 1.00 X 0 0 0 Mark Ladd Trustee 1.00 X 0 0 0 Mathieu Lignel Trustee (Until 6/19/18) 1.00 X 0 0 0 Philippe Lunardelli Trustee (As of 6/19/18) 1.00 X 0 0 0 John McBroom Trustee 1.00 X 0 0 0 Krista McLeod Trustee 1.00 X 0 0 0 Aurelie Richard Trustee (As of 6/19/18) 1.00 X 0 0 0 Mamadou Sarr Trustee 1.00 X 0 0 0 Margaret Unetich Trustee 1.00 X 0 0 0 Eric Veteau President 40.00 X 275571 0 11912 Hans J Schuster CFO 40.00 X 124420 0 10892 Sharon Lear Dir. of Development 40.00 X 114058 0 21586 Vincent Aime Head of Secondary 40.00 X 108451 0 15125 Philippe Audasso Dir. of Athletics 40.00 X 101678 0 10722 724178 0 70237 5 0 1 0 Danmark Security 800 South Wells MS Chicago IL 60607 Building Security 189124 1 550040 914194 1464234 Tuition and Fees 900099 15364809 15364809 Extra Curricular Activties 900099 802524 802524 Summer Camp 900099 367295 367295 Sports Activities 900099 146299 146299 Application Fees 900099 55107 55107 16736034 12196 12196 227331 550040 335924 -108593 -108593 43727 43727 43727 18147598 16736034 0 -52670 1340753 1340753 422795 358845 52640 11310 9401033 7979076 1170464 251493 141079 130626 10371 82 1022767 867894 18036 136837 662729 549905 94248 18576 54923 54923 44671 44671 1134905 860430 270717 3758 91589 13829 62150 15610 446793 187252 237955 21586 39528 6068 33415 45 625933 577786 43953 4194 56232 54150 1965 117 992757 916395 69711 6651 1007168 745028 257060 5080 54369 50535 3497 337 Student Supplies 316366 315326 1040 Bad Debt 8082 8082 Summer Camp 300 300 34630 34630 17899402 14962280 2426816 510306 5468567 6737865 1137838 810403 16707 16988 75193 191685 36201005 3361685 33841149 32839320 1250000 1195950 41789454 41792211 1694494 1708035 4242947 4969843 24352064 23420004 54864 57613 30344369 30155495 X 10109623 11166815 1235356 369795 100106 100106 11445085 11636716 41789454 41792211 248196 -56565 0 X 0 1 X 1 0 X 2961728 3287448 1564801 1405652 1464234 10683863 2961728 3287448 1564801 1405652 1464234 10683863 10683863 7885 49798 4014 7193 12196 81086 79254 39102 42788 24230 43727 229101 10994050 75226803 0.97180 0.97940 X 5820000 5820000 176940 22811 154129 197297 118302 78995 30006768 3220572 26786196 32839320 Parent Association Fund 57613 57613 X 16783199 33000 33000 16750199 1397399 1397399 18147598 16535003 33000 33000 16502003 1397399 1397399 17899402 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. At June 30, 2018 and 2017, there were no unrecognized tax benefits identified or recorded as liabilities. The School files Forms 990 in the U.S. federal jurisdiction and the State of Illinois. Part XI, Line 4b - Other Adjustments: Financial Aid 1,340,753. Annual Fund Expense 56,646. Part XII, Line 4b - Other Adjustments: Financial Aid 1,340,753. Annual Fund Expense 56,646. 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. North America - Canada and Mexico, but not the United States 0 0 Program Services Educational Trip 70623 Europe (Including Iceland & Greenland) 0 0 Program Services Educational Trip 75418 0 0 0 0 0 0 146041 0 146041 0 0 0 0 0 0 Soiree 650120 550040 100080 130696 15265 105365 Fall Market 44082 44082 4563 26682 3 83169 83169 472 2737 816 49328 777371 550040 227331 472 2737 136075 15265 181375 335924 -108593 1 Financial Aid 148 1340753 Part I, Line 2: Financial aid is dispersed according to need. X X 1 0 0 0 0 0 0 0 0 Eric Veteau President 255047 0 20000 0 524 0 0 0 11912 0 287483 0 0 0 Part I, Line 4a Vincent Aime received a severance of $48,452 in 2017. Form 990, Part VI, Section B, line 11b The Board Finance Committee reviews and approves the Form 990 on behalf of the Board of Directors before the Form 990 is filed with the IRS. Form 990, Part VI, Section B, line 12 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 15a 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: 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).