2026-04-20T16:03:56-05:00 2025-06-30 331498605 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2024-07-01 362258525 THE LATIN SCHOOL OF CHICAGO LATI 3125826012 59 W NORTH BLVD CHICAGO IL 60610 KATHERINE POHLKAMP INTERIM CFO 3125826012 2026-04-16 1 1 LU ANN TRAPP P01506476 3122071040 2026-04-13 2024 2025-03-06 01:10:19Z KATHERINE POHLKAMP 59 W NORTH BLVD CHICAGO IL 60610 104456176 0 X WWW.LATINSCHOOL.ORG X 1954 IL AN INDEPENDENT CO-ED JUNIOR KINDERGARTEN-12TH GRADE DAY SCHOOL. 35 35 577 250 386492 43805 4860811 4606847 51155268 54164844 1937638 1975851 234331 327113 58188048 61074655 5118654 5254852 0 0 37049198 39348869 0 0 1337087 15689740 17129884 57857592 61733605 330456 -658950 157639932 163412829 39913248 39468702 117726684 123944127 X IT IS THE SCHOOL'S MISSION TO PROVIDE ITS STUDENTS WITH A RIGOROUS AND INNOVATIVE EDUCATIONAL PROGRAM THAT EMBRACES DIVERSITY OF PEOPLE, CULTURES AND IDEAS. LATIN INSPIRES ITS STUDENTS TO LEAD LIVES OF PURPOSE AND EXCELLENCE. 0 0 48173545 5254852 52724965 INSTRUCTION AND STUDENT SUPPORT ACTIVITIES-FOUNDED IN 1888, THE LATIN SCHOOL OF CHICAGO IS AN INDEPENDENT COEDUCATIONAL DAY SCHOOL FOR GRADES JUNIOR KINDERGARTEN-12. THE STUDENTS: A DIVERSE COMMUNITY OF 1,190 STUDENTS IN JUNIOR KINDERGARTEN-12 FROM CHICAGO AND THE SURROUNDING SUBURBS.THE FACULTY: CARING, EXPERIENCED PROFESSIONALS, OVER 86% OF WHOM HAVE EARNED A MASTER'S DEGREE OR HIGHER. THE STUDENT FACULTY RATIO IS 8:1.ACADEMICS: LATIN OFFERS A RIGOROUS COLLEGE PREPARATORY CURRICULUM THAT ENCOURAGES INDEPENDENCE, CREATIVITY AND (CONTINUED ON SCHEDULE O) CURIOSITY WITH AN EMPHASIS ON INTERDISCIPLINARY LEARNING.FINANCIAL AID: THE SCHOOL ASSISTS STUDENTS WHO OTHERWISE MAY NOT BE FINANCIALLY ABLE TO ATTEND SCHOOL. APPROXIMATELY 12.5% OF THE STUDENT BODY RECEIVES FINANCIAL AID. 2977912 1360923 SUMMER AND STUDENT SUPPORT SERVICES: THESE PROGRAMS INCLUDE SUMMER AT LATIN AND THE EXTENDED DAY PROGRAM. SUMMER AT LATIN PROVIDES A HIGH QUALITY EDUCATIONAL AND RECREATIONAL OPPORTUNITY FOR CHILDREN OF ALL AGES. THE SUMMER STAFF IS COMMITTED TO OFFERING A SAFE, NURTURING COMMUNITY THAT ALIGNS WITH THE VALUES OF THE SCHOOL WHERE PURSUIT OF KNOWLEDGE COMPLEMENTS INDIVIDUAL GROWTH. THE EXTENDED DAY PROGRAM SUPPORTS LATIN FAMILIES BY OFFERING A SAFE FUN PROGRAM BEFORE AND AFTER THE SCHOOL DAY FOR STUDENTS ENROLLED IN JUNIOR KINDERGARTEN THROUGH 4TH GRADE. THE PROGRAM PROVIDES A BALANCE OF ORGANIZED ACTIVITY AND FREE TIME. 51151457 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 1 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 118 0 1 577 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 35 35 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X KATHERINE POHLKAMP 3125826103 59 W NORTH BLVD CHICAGO IL 606101492 X DARA MILNER CHAIR 10.00 0.00 X X 0 0 0 CARRIE PARR VICE CHAIR 10.00 0.00 X X 0 0 0 DARREN SNYDER TREASURER 10.00 0.00 X X 0 0 0 DIANE SALTOUN SECRETARY 10.00 0.00 X X 0 0 0 NOAH ISACKSON TRUSTEE 2.00 0.00 X 0 0 0 RYAN HARRIS TRUSTEE 2.00 0.00 X 0 0 0 ROBERT CHAPMAN TRUSTEE 2.00 0.00 X 0 0 0 RAJIV NAIDU TRUSTEE 2.00 0.00 X 0 0 0 PETER JACKSON TRUSTEE 2.00 0.00 X 0 0 0 MICHELE KHIM TRUSTEE 2.00 0.00 X 0 0 0 JULIE ZUCKERMAN TRUSTEE 2.00 0.00 X 0 0 0 NILS LARSEN TRUSTEE 2.00 0.00 X 0 0 0 OLUMIDE AJIGINNI TRUSTEE 2.00 0.00 X 0 0 0 MAURY TOGNARELLI TRUSTEE 2.00 0.00 X 0 0 0 MATT RAY TRUSTEE 2.00 0.00 X 0 0 0 MARY FIFIELD TRUSTEE 2.00 0.00 X 0 0 0 LINA WEI TRUSTEE 2.00 0.00 X 0 0 0 JYOTI PATEL TRUSTEE 2.00 0.00 X 0 0 0 TANYA POLSKY TRUSTEE 2.00 0.00 X 0 0 0 ALEJANDRO LONGORIA TRUSTEE 2.00 0.00 X 0 0 0 JENNIFER PEEPLES TRUSTEE 2.00 0.00 X 0 0 0 JOHN KOS TRUSTEE 2.00 0.00 X 0 0 0 JACK ZHU TRUSTEE 2.00 0.00 X 0 0 0 GURPREET SINGH TRUSTEE 2.00 0.00 X 0 0 0 ERIN AMICO TRUSTEE 2.00 0.00 X 0 0 0 DONALD LASSIERE TRUSTEE 2.00 0.00 X 0 0 0 VINCE COZZI TRUSTEE 2.00 0.00 X 0 0 0 JENNIFER CIZNER TRUSTEE 2.00 0.00 X 0 0 0 COLLEEN BATCHELER TRUSTEE 2.00 0.00 X 0 0 0 CHRISTOPHER KEOGH TRUSTEE 2.00 0.00 X 0 0 0 CHARLIE TRIBBETT TRUSTEE 2.00 0.00 X 0 0 0 ANDRES MENDOZA PENA TRUSTEE 2.00 0.00 X 0 0 0 ALEX ABELL TRUSTEE 2.00 0.00 X 0 0 0 JEFF SHARP TRUSTEE 2.00 0.00 X 0 0 0 ABBY PHELPS TRUSTEE 2.00 0.00 X 0 0 0 THOMAS HAGERMAN HEAD OF SCHOOL 50.00 0.00 X 688963 0 52135 MICHAEL SZCZEPANEK CFO - THRU 02/2025 50.00 0.00 X 313341 0 132646 SUSAN BOLON HR DIRECTOR 50.00 0.00 X 213202 0 14391 RYAN ALLEN ASSISTANT HEAD OF SCHOOL 50.00 0.00 X 276369 0 123504 INGRID DORER FITZPATRICK DIRECTOR ACADEMIC INITIATIVES 50.00 0.00 X 185996 0 27502 DOROTHY B GORDON CHIEF DEVELOPMENT OFFICER 50.00 0.00 X 257386 0 32241 BLISS TOBIN LS DIRECTOR 50.00 0.00 X 188406 0 60321 SHELLEY GREENWOOD FORMER ASSISTANT HEAD OF SCHOOL 50.00 0.00 X 241257 0 0 2364920 0 442740 78 1 1 0 HANDCUT FOODS 1455 W WILLOW CHICAGO IL 60642 FOOD SERVICE 2682513 HUSCH BLACKWELL PO BOX 790379 ST LOUIS MO 63179 LEGAL 837315 HEARTLAND BUSINESS SYSTEMS PO BOX 856846 MINNEAPOLIS MN 55485 SECURITY CONTRACTOR 603918 QUINN EMANUEL URQUHART & SULLIVAN 865 S FIGUEROA LOS ANGELES CA 90017 LEGAL 557536 IDEAL CHARTER 7501 W MEMORIAL ROAD OKLAHOMA CITY OK 73142 BUS SERVICES 359834 15 1873818 2733029 380568 4606847 TUITION AND FEES 900099 52724965 52724965 SUMMER PROGRAMS 900099 660771 660771 AFTER SCHOOL PROGRAMS 900099 534987 534987 ATHLETIC CLUBS 900099 142518 142518 LUNCH ROOM 611710 78956 78956 22647 22647 54164844 1364358 55673 1308685 330819 0 330819 330819 330819 43749555 43138062 611493 611493 611493 0 1873818 196507 -196507 -196507 57121 46952 10169 10169 MISC. REVENUE 900099 182632 182632 182632 61074655 54085888 386492 1995428 5254852 5254852 1559497 1403159 156338 26751708 24034405 2153215 564088 1679872 1426043 210992 42837 7505192 6371158 942652 191382 1852600 1572672 232687 47241 1622677 1622677 119204 119204 35000 35000 408298 192526 215772 129532 29043 86861 13628 700367 197885 427629 74853 600656 358015 238855 3786 2034004 1830604 203400 345743 342940 2803 148715 139943 8772 1817948 1636153 181795 3683835 3315452 368383 757083 757083 STUDENT LIFE PROGRAMS 2764492 2764492 INSTRUCTION AND ACADEMI 1471854 1471854 INSTITUTIONAL SUPPORT 277056 34122 242934 SUMMER PROGRAMS 213420 213420 61733605 51151457 9245061 1337087 2484206 3627453 233813 45028 213041 281354 45702 255435 67638 50889 592834 806831 120978876 52751680 69611703 68227196 43986769 47329000 37171972 40223460 3232254 2566183 157639932 163412829 4041658 4692178 3346056 3470975 8585212 7244390 22200000 22166000 1740322 1895159 39913248 39468702 X 57728736 59140552 59997948 64803575 117726684 123944127 157639932 163412829 X -658950 7644360 -767967 X X 0 1 X 1 0 X 4999495 3934633 4308547 4860811 4606847 22710333 4999495 3934633 4308547 4860811 4606847 22710333 22710333 465876 604098 1460780 1826512 1695177 6052443 26759 43805 70564 129398 168614 137186 125513 182632 743343 29576683 246148655 0.76780 0.78840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 75074815 1314212 8808636 2242510 810920 -37927 82182160 67169944 3252722 7761078 2335462 808167 -34700 75074815 63146378 829473 6236978 784936 2291240 -33291 67169944 76824202 592431 -11174918 784935 2342241 -31839 63146378 60898960 1423008 17163636 660239 2044232 -43069 76824202 0.22144 0.57293 0.20564 0 0 12314405 12314405 65740081 34129232 31610849 30064295 13414830 16649465 12761245 5207618 7553627 98850 98850 68227196 PRIVATE EQUITY FUND 4644955 F LARGE CAP EQUITY FUND 4981216 F INTERNATIONAL EQUITY FUND 12275844 F HEDGE FUNDS 9317815 F ABSOLUTE RETURN FUND 5969969 F SMALL CAP EQUITY FUND 3033661 F 40223460 POSTRETIREMENT HEALTH BENEFITS 699849 DEFERRED COMPENSATION 1195310 1895159 63232188 7644360 -231975 7412385 55819803 5254852 5254852 61074655 57014745 46952 46952 56967793 4765812 4765812 61733605 PART V, LINE 4: THE SCHOOL'S ENDOWMENT FUND IS USED TO SUPPORT OPERATIONS, FINANCIAL AID, AND PROFESSIONAL AND CURRICULUM DEVELOPMENT. PART XI, LINE 2D - OTHER ADJUSTMENTS: COGS - NETTED AGAINST REVENUE 46,952. LOSS ON INTEREST RATE SWAP -767,967. SWAP INTEREST EXPENSE NETTED AGAINST INVESTMENT INCOME 489,040. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST TUITION AND FEES ON AUDIT 5,254,852. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS - NETTED AGAINST REVENUE 46,952. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST TUITION AND FEES ON AUDIT 5,254,852. SWAP INTEREST EXPENSE NETTED AGAINST INVESTMENT INCOME -489,040. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL GIVES NOTICE OF ITS RACIAL AND OTHER NON-DISCRIMINATION POLICIES ON ITS WEBSITE AND A MAJORITY OF ITS PUBLICATIONS USED TO MARKET THE SCHOOL AND ITS PROGRAMS. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENT 5282031 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENT 14110252 0 0 0 0 0 0 19392283 0 19392283 1 0 1 0 1 0 PART I LINE 3 COL (F) HEDGE FUND MANAGERS FOR THE SCHOOL'S ENDOWMENT FUND. ANNUAL GALA 1873818 1873818 196507 1873818 1873818 196507 196507 -196507 1 0 0 SCHOLARSHIPS 146 5254852 FMV REDUCED TUITION PAYMENTS PART I LINE 2: THE SCHOOL USES AN OUTSIDE THIRD PARTY, CLARITY, TO COMPILE FINANCIAL AID APPLICANT PERSONAL INFORMATION AND TAX INFORMATION. CLARITY COMPUTES A FINANCIAL AID RECOMMENDATION. THE SCHOOL'S DIRECTOR OF FINANCIAL AID AND THE FINANCIAL AID COMMITTEE USE THE CLARITY RECOMMENDATION AS BASELINE TO DETERMINE AID. ALL APPLICANTS ARE REQUIRED TO APPLY ANNUALLY FOR AID. X 1 1 X X X X 0 1 0 0 0 0 0 0 1 1 THOMAS HAGERMAN HEAD OF SCHOOL 584380 0 0 0 104583 0 43213 0 8922 0 741098 0 0 0 MICHAEL SZCZEPANEK CFO - THRU 02/2025 313341 0 0 0 0 0 44354 0 88292 0 445987 0 0 0 RYAN ALLEN ASSISTANT HEAD OF SCHOOL 276369 0 0 0 0 0 39803 0 83701 0 399873 0 0 0 DOROTHY B GORDON CHIEF DEVELOPMENT OFFICER 257386 0 0 0 0 0 16092 0 16149 0 289627 0 0 0 BLISS TOBIN LS DIRECTOR 188406 0 0 0 0 0 11109 0 49212 0 248727 0 0 0 SHELLEY GREENWOOD FORMER ASSISTANT HEAD OF SCHOOL 0 0 0 0 241257 0 0 0 0 0 241257 0 241257 0 SUSAN BOLON HR DIRECTOR 213202 0 0 0 0 0 14177 0 214 0 227593 0 0 0 INGRID DORER FITZPATRICK DIRECTOR ACADEMIC INITIATIVES 185996 0 0 0 0 0 18664 0 8838 0 213498 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL RECEIVES AN ANNUAL HOUSING ALLOWANCE OF $110,000 PER THE TERMS OF HIS EMPLOYMENT CONTRACT. THIS ALLOWANCE IS REPORTED AS TAXABLE COMPENSATION. PART I, LINE 4B THE FORMER ASSISTANT HEAD OF SCHOOL RECEIVED A SUPPLEMENTAL RETIREMENT PAYMENT UPON HER RETIREMENT. PER LATIN SCHOOL'S APPROVED BENEFIT PROGRAM, EMPLOYEES WITH AT LEAST 25 YEARS OF SERVICE AND 60 YEARS OR OLDER RECEIVE A ONE TIME PAYMENT OF A YEAR'S SALARY UPON RETIREMENT. SHELLEY GREENWOOD RECEIVED $241,257 DURING CALENDAR YEAR 2024, AS REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). THE ENTIRE AMOUNT WAS REPORTED AS DEFERRED COMPENSATION ON THE PRIOR YEAR 990 AND IS THEREFORE ALSO REPORTED ON SCHEDULE J, PART II, COLUMN (F) PART I, LINE 8 THE HEAD OF SCHOOL HIRED IN JULY 2022, IS BEING PAID PER A BINDING WRITTEN AGREEMENT QUALIFYING FOR THE INITIAL CONTRACT EXCEPTION PER REGS. SECTION 53.4958-4(A)(3) PART II, COLUMN D - NONTAXABLE BENEFITS NON-TAXABLE BENEFITS FOR CERTAIN INDIVIDUALS INCLUDE THE VALUE OF TUITION REMISSION. A ILLINOIS FINANCE AUTHORITY 861091967 45200BVD9 2005-12-28 17375000 ADVANCE REFUND 1998 BONDS 0 0 0 B ILLINOIS FINANCE AUTHORITY 861091967 45200BVC7 2005-12-28 16125000 MIDDLE SCHOOL CONSTRUCTION 0 0 0 A 14015000 17375000 17182056 192944 2007 0 1 1 1 B 12150000 16125000 173848 15951153 2007 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 0 1 1 JPMORGAN CHASE 14.500000000000 0 0 0 1 1 B 0 0 0 0 1 1 JPMORGAN CHASE 14.500000000000 0 0 0 0 1 A 0 B 0 SCHEDULE K, PART IV, LINE 4C BOND A: SERIES 2005 A HEDGE: THREE SWAPS AS FOLLOWS: 20 YEAR SWAP ENTERED INTO DECEMBER 28, 2005, EXPIRING JANUARY 1, 2026. 17 YEAR SWAP ENTERED INTO MAY 2008, EXPIRING JANUARY 1, 2026. THIRD SWAP ENTERED INTO DECEMBER 28, 2005, EXPIRED AUGUST 1, 2008 CONCURENT WITH FULL REPAYMENT OF SERIES 1998 BONDS BY THE BOND ESCROW TRUSTEE. BOND B: SERIES 2005B HEDGE: TWO SWAPS AS FOLLOWS: 20 YEAR SWAP ENTERED INTO DECEMBER 28, 2005, EXPIRING JANUARY 1, 2026. 17 YEAR SWAP ENTERED INTO MAY 2008, EXPIRING JANUARY 1, 2026. X 24 380568 AVG.HIGH/LOW AT SALE DAT 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS ARE ONE PARENT OR GUARDIAN PER FAMILY ENROLLED IN THE SCHOOL. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY PLANTE & MORAN, PLLC. ANY QUESTIONS AND COMMENTS THAT ARISE DURING THE PREPARATION PROCESS ARE DISCUSSED WITH THE CONTROLLER. A MEETING IS SCHEDULED FOR DESIGNATED INDIVIDUALS FROM THE AUDIT COMMITTEE, THE TAX ADVISOR, AND SCHOOL MANAGEMENT TO REVIEW AND DISCUSS THE FORM 990. A COPY OF THE FORM 990 IS MADE AVAILABLE TO THE ENTIRE BOARD FOR APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, KEY EMPLOYEES, AND TRUSTEES ARE REQUIRED TO FILL OUT AND FILE WITH THE SCHOOL A CONFLICT OF INTEREST STATEMENT ON AN ANNUAL BASIS. SENIOR MANAGEMENT REVIEWS THESE STATEMENTS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL HAS A COMPENSATION COMMITTEE WHICH IS A COMMITTEE OF THE BOARD OF TRUSTEES. THE COMPENSATION COMMITTEE DOES A REVIEW, USING INDEX DATA (A BENCHMARK GROUP OF PEER SCHOOLS) AND OTHER INDEPENDENT DATA, TO EVALUATE COMPENSATION FOR THE HEAD OF SCHOOL. THE COMPENSATION COMMITTEE CONSISTS OF THE CURRENT BOARD CHAIR, PAST BOARD CHAIR, AND THE OFFICERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE NOT MADE AVAILABLE TO THE PUBLIC. THE SCHOOL'S FINANCIAL STATEMENTS ARE AVAILABLE THROUGH THE STATE OF ILLINOIS' ATTORNEY GENERAL'S OFFICE. FORM 990, PART VII, SECTION A, COLUMN (F) NON-TAXABLE BENEFITS FOR CERTAIN INDIVIDUALS INCLUDE THE VALUE OF TUITION REMISSION. FORM 990, PART XI, LINE 9: LOSS ON INTEREST RATE SWAP -767,967. FORM 990. PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. 1500 DEARBORN MANAGEMENT LLC 59 W NORTH BLVD CHICAGO IL 60610 882038708 PROPERTY OWNERSHIP DE 330819 11104880 THE LATIN SCHOOL OF CHICAGO 1505 DEARBORN LLC 59 W NORTH BLVD CHICAGO IL 60610 882068203 PROPERTY OWNERSHIP DE 0 0 1500 DEARBORN MANAGEMENT LLC 1507 DEARBORN LLC 59 W NORTH BLVD CHICAGO IL 60610 882097023 PROPERTY OWNERSHIP DE 0 0 1500 DEARBORN MANAGEMENT LLC DEARBORN SV LLC 59 W NORTH BLVD CHICAGO IL 60610 882131361 PROPERTY OWNERSHIP DE 0 0 1500 DEARBORN MANAGEMENT LLC