CHICAGO PUBLIC EDUCATION FUND: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- CHICAGO PUBLIC EDUCATION FUND (EIN 36-4279013)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-10-23
- IRS object ID
- 201332969349300048
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-10-23T14:59:40-05:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 420714325 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCGLADREY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 S WACKER DRIVE STE 800 | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 60606 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 364279013 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Chicago Public Education Fund | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CHIC | NameControl |
| Phone | 3125584500 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 West Adams No 2150 | AddressLine1 |
| City | Chicago | City |
| State | IL | State |
| ZIP Code | 606065230 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Heather Y Anichini | Name |
| Title | President & CEO | Title |
| Phone | 3125584500 | Phone |
| Date Signed | 2013-10-23 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Wayne Harder | Name |
| PTIN | P00294296 | PTIN |
| Phone | 3126343400 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Heather Y Anichini | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 West Adams No 2150 | AddressLine1 |
| City | Chicago | City |
| State | IL | State |
| ZIP Code | 606065230 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 725411 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.TheFundChicago.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1999 | YearFormation |
| State Legal Domicile | IL | StateLegalDomicile |
| Activity Or Mission Description | The Fund is a nonprofit organization that works to build a critical mass of great public schools in Chicago by investing in talented principals and enabling educator teams to reinvent classroom learning in ways that dramatically improve student outcomes. The Fund is a catalyst for accelerating student learning in all of Chicago's public schools, and has been a longstanding leader in identifying and scaling what works for teachers and principals, as well as the students they serve. Please visit our website at www.thefundchicago.org to learn more about The Fund. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 18 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 17 | NbrIndependentVotingMembers |
| Total Nbr Employees | 11 | TotalNbrEmployees |
| Total Nbr Volunteers | 19 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 406124 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 439199 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 9311 | InvestmentIncomePriorYear |
| Investment Income Current Year | 6945 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 415435 | TotalRevenuePriorYear |
| Total Revenue Current Year | 446144 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 763962 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1800709 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1202472 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 64240 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 734286 | OtherExpensePriorYear |
| Other Expenses Current Year | 3065155 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 3298957 | TotalExpensesPriorYear |
| Total Expenses Current Year | 4267627 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -2883522 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -3821483 | RevenuesLessExpensesCY |
| Total Assets BOY | 11280042 | TotalAssetsBOY |
| Total Assets EOY | 7796655 | TotalAssetsEOY |
| Total Liabilities BOY | 260729 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 597289 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 11019313 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 7199366 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | The Chicago Public Education Fund (the Fund) is building a critical mass of great public schools in Chicago by investing in talented principals and enabling educator teams to reinvent classroom learning in ways that dramatically improve student outcomes. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 1763732 | Expense |
| Description | Strategy The Fund continues to provide strategic support for city-wide efforts to grow a world-class system of public schools. In 2012, this included work to add strategic capacity during leadership transition at Chicago Public Schools (CPS). These investments engaged parents in providing feedback to district leadership and laid the data and analytics foundation for Chicago's 10-Year School Facilities Plan ("10 Year Neighborhood Vision"), which they will be publishing in the fall of 2013. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1035529 | Expense |
| Description | Schools and Instruction - The Fund partnered with public schools in Chicago to prove that much better academic outcomes can be achieved through innovative use of talent, technology, and time. In 2012, this included work to:- Bring New Classrooms, an innovative middle school mathematics model, to two traditional public schools in Chicago. Early results suggest positive impact on academic performance for more than 600 students.-Engage Parthenon Group (a consulting firm) to establish an analytic infrastructure to assess relative cost and impact of various school types and instructional programs within Chicago. Results include growth of successful International Baccalaureate (IB), Science, Technology, Engineering, and Math (STEM) models as well as continued growth of high-performing charter schools City-wide. -It also included strategic time investments to help a set of schools extend their school day in advance of universal Full School Day adoption. All Chicago Public Schools now have a seven-hour school day. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 823258 | Expense |
| Description | Talent and Leadership - The Fund supported investments in high-quality principals and teachers, growing the number of highly-effective educator teams in Chicago, and ensuring they are in the schools where they are needed the most. In 2012, this included work to:-Advocate for high standards and aligned accountability systems, supporting CPS in the creation and implementation of rigorous and effective school, principal, and teacher evaluation systems. This included helping to launch REACH, the new CPS teacher evaluation system, working with the district to modify the existing principal evaluation system, and assisting in the design of a new school accountability framework. The evaluation systems were rolled out District-wide in 2012, and the accountability framework will be adopted in 2013.-Champion great teachers and principals as critical to school success, supporting recruitment, training, retention, and recognition efforts for great teachers and principals. This included ensuring that the Chicago Executive Leadership Academy, a pioneering effort to create in Chicago the nation's first district-based academy for school chiefs, was adopted as a priority for CPS. This program now allows for the recruitment, development and mentoring of new chiefs, deputy chiefs, and principals within Chicago Public Schools. -Serve as a fiscal agent in the administration of Principal Bonuses to more than 80 principals in traditional and charter public schools. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 102194 | Expense |
| Description | Other Program Services | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 102194 | TotalOfOtherProgramServiceExp |
| Total Program Service Expense | 3724713 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 1 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 85 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 11 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 18 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 17 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | IL | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Arnaldo Rivera | NamePerson |
| Telephone Number | 3125584500 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 West Adams Ste 2150 | AddressLine1 |
| City | Chicago | City |
| State | IL | State |
| ZIP Code | 606065230 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (24 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| Heather Y Anichini | ||||||||
| President & CEO | 40.00 | X | X | 188696 | 0 | 7775 | ||
| Brian P Simmons | ||||||||
| Chair | 4.00 | X | X | 0 | 0 | 0 | ||
| Kenneth C Griffin | ||||||||
| Vice Chair | 3.00 | X | X | 0 | 0 | 0 | ||
| Helen H Zell | ||||||||
| Vice Chair | 3.00 | X | X | 0 | 0 | 0 | ||
| Jana R Schreuder | ||||||||
| Treasurer | 3.00 | X | X | 0 | 0 | 0 | ||
| Barbara Malott Kizziah | ||||||||
| Secretary | 3.00 | X | X | 0 | 0 | 0 | ||
| Susan Crown | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| Stephen A Cruise | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| Jill M Garling | ||||||||
| Director | 2.00 | X | 0 | 0 | 0 | |||
| J Erik Fyrwald | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| Mellody Hobson | ||||||||
| Director | 2.00 | X | 0 | 0 | 0 | |||
| Timothy Knowles | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| Siddharth Mehta | ||||||||
| Director | 2.00 | X | 0 | 0 | 0 | |||
| Deborah Quazzo | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| Bruce V Rauner | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| Edward B Rust Jr | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| Ralph W Rydholm | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| Timothy R Schwertfeger | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| Penny Bender Sebring | ||||||||
| Director | 1.00 | X | 0 | 0 | 0 | |||
| Scott C Smith | ||||||||
| Director | 2.00 | X | 0 | 0 | 0 | |||
| Julia Mellow | ||||||||
| CFO | 20.00 | X | 61702 | 0 | 0 | |||
| Patrick Haugh | ||||||||
| Managing Director | 40.00 | 178385 | 0 | 7148 | X | |||
| Tracy Dell'Angela | ||||||||
| Director, Program Investments | 40.00 | 164245 | 0 | 6832 | X | |||
| Benjamin Kutylo | ||||||||
| Director, Program Investments | 40.00 | 134578 | 0 | 5428 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 727606 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 27183 | TotalOtherCompensation |
| Number Individuals GT100 K | 4 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| McKinsey & Company Inc | |||||
| PO Box 7247-7255 | Philadelphia | PA | 19170 | CPS strategic support | 1250000 |
| The SUPES Academy | |||||
| 1215 Washington Ave Ste 300 | Wilmette | IL | 60091 | CPS Chiefs Academy | 280000 |
| The Parthenon Group | |||||
| 24 State St | Boston | MA | 02109 | CPS schools analysis | 232000 |
| Global Strategy Group | |||||
| 895 Broadway 5th Floor | New York | NY | 10003 | Market research | 127125 |
| Theobald Associates | |||||
| 3400 Wells Way | Joliet | IL | 60431 | CFO contract services | 110522 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 6 | NumberOfContractorsGT100K |
| All Other Contributions | 439199 | AllOtherContributions |
| Total Contributions | 439199 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 5829 | TotalRevenueColumn |
| Exclusion | $5,829 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 280383 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 279267 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1116 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1116 | TotalRevenueColumn |
| Exclusion | $1,116 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 446144 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $6,945 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | X | InfoInScheduleOPartIX |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 741277 | Total |
| Program Services | 607847 | ProgramServices |
| Management And General | 111192 | ManagementAndGeneral |
| Fundraising | 22238 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 287633 | Total |
| Program Services | 235860 | ProgramServices |
| Management And General | 43144 | ManagementAndGeneral |
| Fundraising | 8629 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40562 | Total |
| Program Services | 33261 | ProgramServices |
| Management And General | 6084 | ManagementAndGeneral |
| Fundraising | 1217 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 65615 | Total |
| Program Services | 53805 | ProgramServices |
| Management And General | 9842 | ManagementAndGeneral |
| Fundraising | 1968 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 67385 | Total |
| Program Services | 55255 | ProgramServices |
| Management And General | 10108 | ManagementAndGeneral |
| Fundraising | 2022 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36394 | Total |
| Program Services | 5459 | ProgramServices |
| Management And General | 30935 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 152085 | Total |
| Program Services | 22813 | ProgramServices |
| Management And General | 121668 | ManagementAndGeneral |
| Fundraising | 7604 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2435095 | Total |
| Program Services | 2345103 | ProgramServices |
| Management And General | 89992 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36360 | Total |
| Program Services | 26816 | ProgramServices |
| Management And General | 6823 | ManagementAndGeneral |
| Fundraising | 2721 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 50949 | Total |
| Program Services | 43298 | ProgramServices |
| Management And General | 5545 | ManagementAndGeneral |
| Fundraising | 2106 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 103187 | Total |
| Program Services | 85645 | ProgramServices |
| Management And General | 12382 | ManagementAndGeneral |
| Fundraising | 5160 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 154593 | Total |
| Program Services | 128312 | ProgramServices |
| Management And General | 18551 | ManagementAndGeneral |
| Fundraising | 7730 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 35853 | Total |
| Program Services | 32598 | ProgramServices |
| Management And General | 3255 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1403 | Total |
| Program Services | 1403 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 56913 | Total |
| Program Services | 47238 | ProgramServices |
| Management And General | 6830 | ManagementAndGeneral |
| Fundraising | 2845 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2323 | Total |
| Management And General | 2323 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4267627 | Total |
| Program Services | 3724713 | ProgramServices |
| Management And General | 478674 | ManagementAndGeneral |
| Fundraising | 64240 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1797890 | BOY |
| EOY | 456633 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7561474 | BOY |
| EOY | 7080307 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1832513 | BOY |
| EOY | 219086 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9637 | BOY |
| EOY | 7873 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 372588 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 344428 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 73932 | BOY |
| EOY | 28160 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4596 | BOY |
| EOY | 4596 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11280042 | BOY |
| EOY | 7796655 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 77805 | BOY |
| EOY | 42494 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31000 | BOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 544000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 151924 | BOY |
| EOY | 10795 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 260729 | BOY |
| EOY | 597289 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9874298 | BOY |
| EOY | 7000123 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1145015 | BOY |
| EOY | 199243 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11019313 | BOY |
| EOY | 7199366 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11280042 | BOY |
| EOY | 7796655 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -3821483 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 1536 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 16401706 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 708951 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2083591 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 406124 | CurrentTaxYearMinus1Year |
| Current Tax Year | 439199 | CurrentTaxYear |
| Total | 20039571 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 16401706 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 708951 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2083591 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 406124 | CurrentTaxYearMinus1Year |
| Current Tax Year | 439199 | CurrentTaxYear |
| Total | 20039571 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 8832065 | AmountsSubstContributorsTotal |
| Public Support Total170 | 11207506 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 144939 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 122508 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 40472 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 9311 | CurrentTaxYearMinus1Year |
| Current Tax Year | 5829 | CurrentTaxYear |
| Total | 323059 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 20362630 | TotalSupport |
| Public Support Pertcentage170 | 0.55040 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.54590 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
Other Exempt Purpose Expenditures OtherExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 4267627 | FilingOrganizationsTotals |
Total Exempt Purpose Expenditures TotalExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 4267627 | FilingOrganizationsTotals |
Lobbying Nontaxable LobbyingNontaxableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 363381 | FilingOrganizationsTotals |
Grassroots Nontaxable GrassrootsNontaxableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 90845 | FilingOrganizationsTotals |
Tot Lobbying Grassroot Minus Non Tx TotLobbyingGrassrootMinusNonTx
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 0 | FilingOrganizationsTotals |
Tot Lobby Expend Mns Lobbying Nontx TotLobbyExpendMnsLobbyingNontx
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 0 | FilingOrganizationsTotals |
Lobbying Nontaxable Amount2 LobbyingNontaxableAmount2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 386046 | CurrentYearMinus3 |
| Current Year Minus2 | 322610 | CurrentYearMinus2 |
| Current Year Minus1 | 314948 | CurrentYearMinus1 |
| Current Year | 363381 | CurrentYear |
| Total | 1386985 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $2,080,478 | LobbyingCeilingAmount |
Total Lobbying Expenditures2 TotalLobbyingExpenditures2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 500 | CurrentYearMinus3 |
| Total | 500 | Total |
Grassroots Nontaxable Amount2 GrassrootsNontaxableAmount2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 96512 | CurrentYearMinus3 |
| Current Year Minus2 | 80653 | CurrentYearMinus2 |
| Current Year Minus1 | 78737 | CurrentYearMinus1 |
| Current Year | 90845 | CurrentYear |
| Total | 346747 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $520,121 | GrassrootsCeilingAmount |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
| Explanation In Part XIII | X | ExplanationInPartXIII |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 121341 | OtherCostOrOtherBasis |
| Depreciation | 117296 | Depreciation |
| Book Value | 4045 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 251247 | OtherCostOrOtherBasis |
| Depreciation | 227132 | Depreciation |
| Book Value | 24115 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 28160 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Deferred Rent | Description |
| Amount | $10,795 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 10795 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 447680 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 1536 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 1536 | RevenueNotRptdF990 |
| Revenue Subtotal | 446144 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 446144 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 4267627 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 4267627 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 4267627 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Part IV, Line 2b: | The Fund is acting as a fiscal agent for Chicago Public Schools (CPS) in connection with the CPS principal bonus plan which began in 2012. Under this agreement, The Fund has agreed to accept payment of pledges from various donors secured by CPS, and to process payments to school principals, as directed by CPS, for each of the four calendar years from 2012 through 2015. During 2012, $1,114,000 in pledge payments was collected and recorded to the statement of financial position as a liability. A total of $570,000 was disbursed during 2012 for principal bonus payments, reducing the recorded liability and leaving a remaining balance of $544,000 to be disbursed under this agreement in future years. | |
| Part X, Line 2: | The Fund is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code and similar statutes of Illinois law. In addition, The Fund qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization that is not a private foundation under Section 509(a)(2). The accounting standard on accounting for uncertainty in income taxes addressed the determination of whether tax benefits claimed on a tax return should be recorded in the financial statements. Under this guidance, The Fund 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 Fund and the various positions related to the potential sources of unrelated business taxable income (UBTI). The tax benefits recognized in the financial statement from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. The Fund does not believe that there are any unrecognized tax benefits or tax liabilities that should be recorded for the reporting periods presented in these financial statements. The Fund is generally no longer subject to examination by the Internal Revenue Service for years before 2009. | Description of Uncertain Tax Positions Under FIN 48: |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Heather Y Anichini | ||||||||||||||
| President & CEO | 153696 | 0 | 35000 | 0 | 0 | 0 | 7775 | 0 | 0 | 0 | 196471 | 0 | 0 | 0 |
| Patrick Haugh | ||||||||||||||
| Managing Director | 131935 | 0 | 46450 | 0 | 0 | 0 | 7148 | 0 | 0 | 0 | 185533 | 0 | 0 | 0 |
| Tracy Dell'Angela | ||||||||||||||
| Director, Program Investments | 119945 | 0 | 44300 | 0 | 0 | 0 | 6832 | 0 | 0 | 0 | 171077 | 0 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Form 990, Part VI, Section B, line 11 | Once the Form 990 has been completed and reviewed by the CFO, it is subject to a further review by the President and CEO. Once that step is completed, the final form is emailed to the Operations, Finance, and Audit Committee, as well as to the entire Board of Directors, for their review and comments prior to the return being filed with the IRS. | |
| Form 990, Part VI, Section B, line 12c | Each year, officers, directors, and key employees complete a questionnaire to disclose any business transactions or relationships he/she or a family member may have had with the fund or any of its officers, directors, or key employees. Responses are reviewed and, when necessary, referred to the executive committee for their consideration. In addition to the annual conflict of interest questionnaire required to be completed by all Board members and key employees at year-end, The Fund's Board of Directors' policy covering conflicts of interest provides that Directors and staff have the responsibility to immediately disclose potential conflicts of interest and refrain from influencing other directors or staff in relation to those matters. If a potential or actual conflict arises, directors also have the responsibility to recuse themselves at an appropriate time. Directors, staff and their immediate family members cannot realize any direct or indirect personal financial benefit from a Fund investment. | |
| Form 990, Part VI, Section B, line 15 | The Executive Committee of the Board is responsible for reviewing and approving the compensation package for the President and CEO. The determination of the appropriate level of compensation included a review of compensation levels for the equivalent positions at comparable organizations. For other staff salaries, a survey of compensation levels at comparable organizations was conducted by the CEO, and her recommendations for salary adjustments were reviewed by the Operations, Finance and Audit Committee in conjunction with the annual budget planning process, and subsequently approved by the Executive Committee of the Board. The process for determining the compensation is documented. | |
| Form 990, Part VI, Section C, line 19 | The organization discloses its governing documents, conflict of interest policy and financial statements for public inspection upon request. | |
| Form 990, Part IX, line 11g | Consultants for Operational Activities: Program service expenses 2,345,103. Management and general expenses 89,992. Fundraising expenses 0. Total expenses 2,435,095. | Other Fees |