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Nonprofiteer
← ALAIN LOCKE CHARTER SCHOOL

Form 990 for tax year 2023

Filed by ALAIN LOCKE CHARTER SCHOOL.

Totals

Total revenue
$7,071,980
Total expenses
$6,672,801
Contributions and grants received
$7,011,464
Grants paid
$19,600
Program service revenue
$3,290
Investment income
$57,226
Other revenue
$0
Total assets, end of year
$5,828,905
Total liabilities, end of year
$1,804,691
Net assets or fund balances, end of year
$4,024,214
Program services expenses (Part IX)
$6,392,227
Management and general expenses
$246,351
Fundraising expenses
$34,223
Program service expenses (Part III)
$6,392,227

Program services were 95.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $6,454,720

  • 1f · All other contributions, gifts and grants

    $556,744

  • 1g · Noncash contributions included above

    $314,100

  • 2a · Program service revenue: Student Fees

    total $3,290 · related or exempt $3,290

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $57,226 · excluded $57,226

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $19,600 · program services $19,600

  • 5 · Compensation of officers, directors and key employees

    total $236,851 · program services $213,166 · management and general $23,685

  • 7 · Other salaries and wages

    total $3,280,262 · program services $3,280,262

  • 8 · Pension plan contributions

    total $368,438 · program services $368,438

  • 9 · Other employee benefits

    total $517,613 · program services $517,613

  • 10 · Payroll taxes

    total $149,504 · program services $149,504

  • 11b · Fees: legal

    total $33,659 · management and general $33,659

  • 11c · Fees: accounting

    total $47,459 · management and general $47,459

  • 11g · Fees: other

    total $463,244 · program services $453,184 · management and general $10,060 · fundraising $0

  • 12 · Advertising and promotion

    total $33,315 · fundraising $33,315

  • 13 · Office expenses

    total $275,642 · program services $275,642

  • 14 · Information technology

    total $192,269 · program services $192,269

  • 16 · Occupancy

    total $442,512 · program services $442,512

  • 17 · Travel

    total $41,945 · program services $41,945

  • 20 · Interest

    total $981 · management and general $981

  • 22 · Depreciation, depletion and amortization

    total $31,360 · program services $31,360

  • 23 · Insurance

    total $32,275 · program services $32,275

  • 24a · Other expenses: CPS Food Service/Meals

    total $320,799 · program services $320,799

  • 24b · Other expenses: CPS Administrative Fee

    total $129,358 · management and general $129,358

  • 24c · Other expenses: Graduation Expenses

    total $18,522 · program services $18,522

  • 24d · Other expenses: Employee Recruiting

    total $9,852 · program services $9,852

  • 24e · All other expenses

    total $27,341 · program services $25,284 · management and general $1,149 · fundraising $908

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,514,563 · end of year $781,801

  • 2 · Savings and temporary cash investments

    beginning of year $2,358,354 · end of year $3,415,580

  • 4 · Accounts receivable

    beginning of year $117,236 · end of year $176,729

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $68,051 · end of year $112,651

  • 10a · Land, buildings and equipment: cost or other basis

    $4,221,568

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,094,839

  • 10c · Land, buildings and equipment, net

    beginning of year $104,930 · end of year $126,729

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $1,432,801 · end of year $1,215,415

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,157 · end of year $144,214

  • 19 · Deferred revenue

    beginning of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,940,743 · end of year $1,660,477

  • 27 · Net assets without donor restrictions

    beginning of year $3,341,524 · end of year $3,748,611

  • 28 · Net assets with donor restrictions

    beginning of year $283,511 · end of year $275,603

Mission and programs · 2023

Mission

Alain Locke Charter School serves as a demonstration for urban schools exemplifying excellence in academics, the arts, personal and social development, and preparing students who are globally competitive. One of Chicago's first public, open enrollment charter schools, Alain Locke Charter School is one of the most successful urban charter schools in the United States. Located in the heart of Chicago's West Side, Alain Locke Charter School serves students in grades Pre-K through 8. The Charter School is a wholly owned subsidiary of Accelerate Institute.

Activities or mission (Part I)

Alain Locke Charter School is devoted to the betterment of urban children by improving education through identifying, improving, and implementing the best practices in education.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $6,392,227 · Grants $19,600 · Revenue $3,290

As filed on the 2023 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Catherine Burns

    Chair / Director (as of 6/24/24)

    Total calculated
    $242,672
    From this org
    $0
    From related orgs
    $224,900
    Other
    $17,772
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $224,400 related
    Bonus
    $0 + $500 related
    Other
    $0
    Deferred
    $0 + $6,747 related
    Nontaxable benefits
    $0 + $11,025 related
    Filer's total
    $0 + $242,672 related

  • Claire Hartfield

    Vice Chair/Director

    Total calculated
    $47,550
    From this org
    $0
    From related orgs
    $47,550
    Other
    $0
    Hours/week
    15 + 1 related

  • Nora Ligurotis

    Vice Chair/Director

    Total calculated
    $139,192
    From this org
    $0
    From related orgs
    $129,922
    Other
    $9,270
    Hours/week
    5

  • Brad Sullivan

    Director (Through 4/29/24)

    Total calculated
    $0
    Hours/week
    1

  • James Palos

    Director

    Total calculated
    $0
    Hours/week
    1

  • John McLaughlin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Laura Hulce

    Director (Through 10/2/23)

    Total calculated
    $0
    Hours/week
    1

  • Nosa Ehimwenman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Patrick G Ryan Jr

    Director

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • Robert Horne

    Director

    Total calculated
    $0
    Hours/week
    1

  • Shabree Todd

    Director & Parent Rep.

    Total calculated
    $0
    Hours/week
    1

  • Steven Perlman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Susan Cummings

    Director (Through 6/20/24)

    Total calculated
    $0
    Hours/week
    1

  • Dawn Moore

    Assistant Treasurer

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Judy McGarvey

    Treasurer & Acting Secretary

    Total calculated
    $0
    Hours/week
    30 + 10 related

  • Lauren Noble

    Secretary (begin 10/23 end 3/24)

    Total calculated
    $84,834
    From this org
    $0
    From related orgs
    $76,656
    Other
    $8,178
    Hours/week
    20 + 20 related

  • Patrick Love

    Principal

    Total calculated
    $232,071
    From this org
    $170,276
    From related orgs
    $0
    Other
    $61,795
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,276
    Bonus
    $0
    Other
    $0
    Deferred
    $36,417
    Nontaxable benefits
    $25,378
    Filer's total
    $232,071

  • Jennifer Mitch

    Instructor

    Total calculated
    $148,685
    From this org
    $109,386
    From related orgs
    $0
    Other
    $39,299
    Hours/week
    40

  • Vonyell Foster

    Dean of Students

    Total calculated
    $123,315
    From this org
    $111,204
    From related orgs
    $0
    Other
    $12,111
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
18 February 2025
IRS schema version
2023v6.0
Source object
202510499349300531

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