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← NOBLE NETWORK OF CHARTER SCHOOLS

Form 990 for tax year 2024

Filed by NOBLE NETWORK OF CHARTER SCHOOLS.

Totals

Total revenue
$230,347,701
Total expenses
$236,306,219
Contributions and grants received
$214,203,406
Grants paid
$714,405
Program service revenue
$12,025,600
Investment income
$4,711,560
Other revenue
-$592,865
Total assets, end of year
$259,224,671
Total liabilities, end of year
$89,291,335
Net assets or fund balances, end of year
$169,933,336
Program services expenses (Part IX)
$208,558,800
Management and general expenses
$27,182,913
Fundraising expenses
$564,506
Program service expenses (Part III)
$208,558,800

Program services were 88.3% 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.

  • 1c · Fundraising events

    $1,504,619

  • 1e · Government grants (contributions)

    $202,542,535

  • 1f · All other contributions, gifts and grants

    $10,156,252

  • 1g · Noncash contributions included above

    $539,550

  • 2a · Program service revenue: FOOD PROGRAM

    total $9,959,076 · related or exempt $9,959,076

  • 2b · Program service revenue: CAMPUS REVENUE

    total $1,434,117 · related or exempt $1,434,117

  • 2c · Program service revenue: REGISTRATION & TUITION

    total $632,407 · related or exempt $632,407

  • 3 · Investment income

    total $4,704,188 · excluded $4,704,188

  • 7a · Gross sales of assets other than inventory

    securities $17,309,058

  • 7b · Less cost or other basis and sales expenses

    securities $17,301,686

  • 7c · Gain or loss

    securities $7,372

  • 7d · Net gain or loss

    total $7,372 · excluded $7,372

  • 8a · Fundraising events: gross income

    $118,089

  • 8a · Fundraising events: contributions included on line 1c

    $1,504,619

  • 8b · Fundraising events: direct expenses

    $535,345

  • 8c · Net income from fundraising events

    total -$417,256 · excluded -$417,256

  • 11a · Other revenue: STAFF MEAL FEES

    total $2,005 · excluded $2,005

  • 11b · Other revenue: LOSS ON DEBT EXTINGUISHMENT

    total -$369,164 · excluded -$369,164

  • 11d · All other revenue

    total $191,550 · excluded $191,550

  • 11e · Other revenue, total

    -$175,609

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $714,405 · program services $714,405

  • 5 · Compensation of officers, directors and key employees

    total $1,166,798 · management and general $1,092,959 · fundraising $73,839

  • 7 · Other salaries and wages

    total $120,916,626 · program services $109,145,492 · management and general $11,478,123 · fundraising $293,011

  • 8 · Pension plan contributions

    total $12,905,491 · program services $12,109,109 · management and general $786,041 · fundraising $10,341

  • 9 · Other employee benefits

    total $16,521,798 · program services $15,324,211 · management and general $1,171,264 · fundraising $26,323

  • 10 · Payroll taxes

    total $6,057,791 · program services $5,239,093 · management and general $791,492 · fundraising $27,206

  • 11b · Fees: legal

    total $278,233 · management and general $278,233

  • 11c · Fees: accounting

    total $173,348 · management and general $173,348

  • 11d · Fees: lobbying

    total $193,387 · management and general $193,387

  • 11f · Fees: investment management

    total $231,246 · management and general $231,246

  • 11g · Fees: other

    total $13,983,794 · program services $6,625,367 · management and general $7,310,517 · fundraising $47,910

  • 12 · Advertising and promotion

    total $348,096 · program services $169,720 · management and general $178,376

  • 13 · Office expenses

    total $907,028 · program services $529,900 · management and general $314,313 · fundraising $62,815

  • 14 · Information technology

    total $9,922,681 · program services $9,144,502 · management and general $773,010 · fundraising $5,169

  • 16 · Occupancy

    total $16,998,817 · program services $16,345,021 · management and general $653,007 · fundraising $789

  • 17 · Travel

    total $2,122,010 · program services $1,606,546 · management and general $515,464

  • 20 · Interest

    total $1,615,828 · program services $1,615,828

  • 22 · Depreciation, depletion and amortization

    total $6,202,791 · program services $6,119,569 · management and general $83,222

  • 23 · Insurance

    total $1,803,487 · program services $1,803,487

  • 24a · Other expenses: FOOD PROGRAM

    total $10,515,280 · program services $10,515,198 · management and general $82

  • 24b · Other expenses: EDUCATIONAL ACTIVITIES

    total $7,719,521 · program services $7,686,709 · management and general $26,439 · fundraising $6,373

  • 24c · Other expenses: PROFESSIONAL DEVELOPMEN

    total $3,831,937 · program services $2,688,817 · management and general $1,132,390 · fundraising $10,730

  • 24e · All other expenses

    total $1,175,826 · program services $1,175,826

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $36,766,859 · end of year $26,745,092

  • 2 · Savings and temporary cash investments

    beginning of year $1,439,605 · end of year $1,183,963

  • 3 · Pledges and grants receivable

    beginning of year $1,064,163 · end of year $738,570

  • 4 · Accounts receivable

    beginning of year $4,569,912 · end of year $3,939,557

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,933,823 · end of year $3,851,982

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

    $175,504,891

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

    $73,348,734

  • 10c · Land, buildings and equipment, net

    beginning of year $102,900,547 · end of year $102,156,157

  • 11 · Investments: publicly traded securities

    beginning of year $76,374,080 · end of year $81,705,973

  • 15 · Other assets

    beginning of year $41,514,875 · end of year $38,903,377

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,150,840 · end of year $16,938,938

  • 19 · Deferred revenue

    beginning of year $9,996 · end of year $12,448

  • 20 · Tax-exempt bond liabilities

    beginning of year $31,148,567 · end of year $30,624,503

  • 25 · Other liabilities

    beginning of year $44,368,852 · end of year $41,715,446

  • 27 · Net assets without donor restrictions

    beginning of year $151,443,807 · end of year $156,297,848

  • 28 · Net assets with donor restrictions

    beginning of year $21,441,802 · end of year $13,635,488

Mission and programs · 2024

Mission

NOBLE WILL ENSURE THAT ALL STUDENTS HAVE EQUITABLE AND POSITIVE SCHOOL EXPERIENCES THAT EQUIP THEM TO COMPLETE COLLEGE AND LEAD CHOICE-FILLED LIVES.

  • THE NOBLE NETWORK OF CHARTER SCHOOLS WAS ESTABLISHED FOR THE PURPOSE OF REPLICATING THE NATIONALLY RECOGNIZED NOBLE STREET CHARTER HIGH SCHOOL, WHICH OPENED IN 1999. THE NETWORK PROVIDES A QUALITY EDUCATION TO ENABLE THE LOW-INCOME POPULATION TO MAKE CHANGES TO IMPROVE THEIR LIVES. THE NETWORK SERVED 11,919 STUDENTS IN 2025.

    Expenses $207,475,761 · Grants $714,405 · Revenue $11,393,193

  • OPENED IN 2010, NOBLE DAY CARE, L3C (NDC) PROVIDES AN ENRICHING EDUCATIONAL EXPERIENCE TO THE APPROXIMATELY 37 CHILDREN ENROLLED IN THE PROGRAM. NDC'S EDUCATIONAL MODEL FOLLOWS A BALANCED APPROACH OF FREE EXPLORATION, NATURAL ENVIRONMENT LEARNING WITH GUIDANCE, AND BUILT-IN STRUCTURED ACTIVITIES. QUALIFIED TEACHERS PROVIDE A SET CURRICULUM AND PREPARE ASSESSMENTS TO ENSURE THE CHILDREN ARE MEETING DEVELOPMENTAL GOALS THROUGH THEIR LEARNING. NDC IS ALSO AN APPROVED SITE FOR NOBLE NETWORK OF CHARTER SCHOOLS' STUDENTS WHO CAN EARN VOLUNTEER HOURS FOR PARTICIPATING IN NDC ACTIVITIES AND HELPING OUT AROUND THE FACILITY.

    Expenses $1,083,039 · Revenue $632,407

As filed on the 2024 return.

Listed in Part VII

  • JOSE DE LA ROSA

    INTERIM BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ALLAN MUCHIN

    CHAIRMAN EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • PRISCILLA CENTENO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HARRIETTE COLEMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AARTI DHUPELIA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JENIS ELLINGWOOD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JASMINE HERNANDEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JULIE HOFFMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EMMANUEL JACKSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GAUTAM KUMAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARLENA LITTLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JERI MACK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NANCY MILLS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KAREN MUCHIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TROY RATLIFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JONATHAN REINSDORF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVE SULLIVAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NIKOS VARELAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID WEINBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CONSTANCE JONES

    SENIOR ADVISOR (TERM 05/25)

    Total calculated
    $373,634
    From this org
    $361,166
    From related orgs
    $0
    Other
    $12,468
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $358,926
    Bonus
    $1,990
    Other
    $250
    Deferred
    $4,000
    Nontaxable benefits
    $8,468
    Filer's total
    $373,634

  • NIKITA JOHNSON-WHITE

    CHIEF FINANCIAL OFFICER

    Total calculated
    $227,682
    From this org
    $203,609
    From related orgs
    $0
    Other
    $24,073
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $203,359
    Bonus
    $0
    Other
    $250
    Deferred
    $0
    Nontaxable benefits
    $24,073
    Filer's total
    $227,682

  • GABRIELE EIMONTAITE

    BOARD CLERK

    Total calculated
    $68,246
    From this org
    $53,454
    From related orgs
    $0
    Other
    $14,792
    Hours/week
    40

  • MICHAEL MADDEN

    PRESIDENT

    Total calculated
    $263,475
    From this org
    $257,867
    From related orgs
    $0
    Other
    $5,608
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $255,617
    Bonus
    $2,000
    Other
    $250
    Deferred
    $4,000
    Nontaxable benefits
    $1,608
    Filer's total
    $263,475

  • JENNIFER REID DAVIS

    HEAD OF STRATEGY & EQUITY

    Total calculated
    $267,981
    From this org
    $243,460
    From related orgs
    $0
    Other
    $24,521
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,460
    Bonus
    $2,000
    Other
    $0
    Deferred
    $1,264
    Nontaxable benefits
    $23,257
    Filer's total
    $267,981

  • ELLEN METZ

    HEAD OF SCHOOLS

    Total calculated
    $276,475
    From this org
    $252,209
    From related orgs
    $0
    Other
    $24,266
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $244,709
    Bonus
    $0
    Other
    $7,500
    Deferred
    $0
    Nontaxable benefits
    $24,266
    Filer's total
    $276,475

  • KYLE COLE

    CHIEF ACADEMIC OFFICER

    Total calculated
    $242,717
    From this org
    $224,470
    From related orgs
    $0
    Other
    $18,247
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,220
    Bonus
    $0
    Other
    $250
    Deferred
    $4,000
    Nontaxable benefits
    $14,247
    Filer's total
    $242,717

  • DARKO SIMUNOVIC

    CHIEF OPERATING OFFICER

    Total calculated
    $236,929
    From this org
    $219,302
    From related orgs
    $0
    Other
    $17,627
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,302
    Bonus
    $0
    Other
    $0
    Deferred
    $4,000
    Nontaxable benefits
    $13,627
    Filer's total
    $236,929

  • TRESSIE DUST MCDONOUGH

    CHIEF SCHOOLS OFFICER

    Total calculated
    $223,113
    From this org
    $199,072
    From related orgs
    $0
    Other
    $24,041
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,822
    Bonus
    $1,000
    Other
    $250
    Deferred
    $0
    Nontaxable benefits
    $24,041
    Filer's total
    $223,113

  • BRENDA CORA

    CEO (STARTED 01/25) AND CHIEF SCHOOLS OFFICER

    Total calculated
    $207,413
    From this org
    $203,586
    From related orgs
    $0
    Other
    $3,827
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,086
    Bonus
    $2,000
    Other
    $3,500
    Deferred
    $2,580
    Nontaxable benefits
    $1,247
    Filer's total
    $207,413

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 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
SOME MEMBERS OF SENIOR MANAGEMENT WERE COMPENSATED WITH BONUSES BASED ON METRICS IMPORTANT TO THE FINANCIAL AND OPERATIONAL SUCCESS OF THE ORGANIZATION.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • NOBLE DAY CARE L3C

    DAY CARE · IL · income $706,834 · assets $667,891

    Directly controlled by NOBLE NETWORK OF CHARTER SCHOOLS

  • MANSUETO HIGH SCHOOL LLC

    SCHOOL · IL · income $18,907,905 · assets $3,686,675

    Directly controlled by NOBLE NETWORK OF CHARTER SCHOOLS

Provenance

Return type
form_990
Tax year
2024
Filed
6 May 2026
IRS schema version
2024v5.5
Source object
202601279349302230

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