Totals
- Total revenue
- $4,864,249
- Total expenses
- $4,445,939
- Contributions and grants received
- $4,757,013
- Grants paid
- $0
- Program service revenue
- $139,368
- Investment income
- $0
- Other revenue
- -$32,132
- Total assets, end of year
- $6,938,171
- Total liabilities, end of year
- $5,243,218
- Net assets or fund balances, end of year
- $1,694,953
- Program services expenses (Part IX)
- $4,020,696
- Management and general expenses
- $362,897
- Fundraising expenses
- $62,346
- Program service expenses (Part III)
- $4,020,696
Program services were 90.4% 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
$150,465
-
1e · Government grants (contributions)
$4,366,817
-
1f · All other contributions, gifts and grants
$239,731
-
1g · Noncash contributions included above
$19,194
-
2a · Program service revenue: FOOD SERVICE REVENUE
total $82,524 · related or exempt $82,524
-
2b · Program service revenue: STUDENT ACTIVITIES
total $56,844 · related or exempt $56,844
-
8a · Fundraising events: gross income
$15,300
-
8a · Fundraising events: contributions included on line 1c
$150,465
-
8b · Fundraising events: direct expenses
$47,432
-
8c · Net income from fundraising events
total -$32,132 · excluded -$32,132
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $198,360 · program services $158,688 · management and general $39,672
-
7 · Other salaries and wages
total $2,061,474 · program services $1,916,103 · management and general $100,883 · fundraising $44,488
-
8 · Pension plan contributions
total $178,626 · program services $165,350 · management and general $9,534 · fundraising $3,742
-
9 · Other employee benefits
total $310,717 · program services $289,102 · management and general $14,860 · fundraising $6,755
-
10 · Payroll taxes
total $104,033 · program services $95,711 · management and general $6,242 · fundraising $2,080
-
11c · Fees: accounting
total $47,946 · management and general $47,946
-
11g · Fees: other
total $75,315 · program services $66,225 · management and general $9,090
-
12 · Advertising and promotion
total $21,124 · program services $15,843 · fundraising $5,281
-
13 · Office expenses
total $25,390 · program services $23,359 · management and general $2,031
-
14 · Information technology
total $188,171 · program services $188,171
-
16 · Occupancy
total $251,890 · program services $231,739 · management and general $20,151
-
19 · Conferences, conventions and meetings
total $19,985 · program services $18,386 · management and general $1,599
-
20 · Interest
total $305,263 · program services $305,263
-
22 · Depreciation, depletion and amortization
total $188,658 · program services $173,565 · management and general $15,093
-
23 · Insurance
total $65,961 · program services $65,961
-
24a · Other expenses: STUDENT EXPENSES
total $177,136 · program services $177,136
-
24b · Other expenses: CPS ADMINISTRATIVE FEE
total $95,796 · management and general $95,796
-
24c · Other expenses: FOOD SERVICE
total $94,908 · program services $94,908
-
24d · Other expenses: TEXTBOOKS AND EDUCATION
total $35,186 · program services $35,186
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $266,887 · end of year $797,743
-
3 · Pledges and grants receivable
beginning of year $287,474 · end of year $154,584
-
9 · Prepaid expenses and deferred charges
beginning of year $19,197 · end of year $1,791
-
10a · Land, buildings and equipment: cost or other basis
$7,906,106
-
10b · Land, buildings and equipment: accumulated depreciation
$1,923,053
-
10c · Land, buildings and equipment, net
beginning of year $6,126,884 · end of year $5,983,053
-
15 · Other assets
beginning of year $1,000 · end of year $1,000
-
17 · Accounts payable and accrued expenses
beginning of year $224,626 · end of year $225,673
-
23 · Secured mortgages and notes payable
beginning of year $5,200,173 · end of year $5,017,545
-
27 · Net assets without donor restrictions
beginning of year $1,276,643 · end of year $1,694,953
Mission and programs · 2022
Mission
THE SCHOOL'S MISSION IS TO PREPARE CHICAGO'S YOUTH TO SUCCEED IN COLLEGE AND IN LIFE. THROUGH A RIGOROUS CURRICULUM AND A CULTURE OF HIGH EXPECTATIONS, THE SCHOOL WILL EMPOWER ITS STUDENTS TO ACHIEVE THEIR FULL POTENTIAL.
Activities or mission (Part I)
LEGAL PREP WAS CREATED TO OPEN A LEGAL-THEMED CHARTER HIGH SCHOOL IN A HIGH-NEED CHICAGO COMMUNITY.
-
LEGAL PREP WAS CREATED TO OPEN A LEGAL-THEMED CHARTER HIGH SCHOOL IN A HIGH-NEED CHICAGO COMMUNITY. THE SCHOOL OPENED ITS FACILITY TO STUDENTS IN AUGUST 2012. THE SCHOOL SERVED 254 STUDENTS AT THE FRESHMAN, SOPHOMORE, JUNIOR, AND SENIOR GRADE LEVELS FOR THE YEAR ENDED JUNE 30, 2023. THE SCHOOL WILL PREPARE STUDENTS TO SUCCEED IN COLLEGE AND LIFE THROUGH A RIGOROUS CURRICULUM AND HIGH EXPECTATIONS.
Expenses $4,020,696 · Revenue $139,368
As filed on the 2022 return.
Listed in Part VII
-
Samuel FinkelsteinSAMUEL FINKELSTEIN
CEO & EX-OFFICIO MEMBER
- Total calculated
- $179,831
- From this org
- $144,674
- From related orgs
- $0
- Other
- $35,157
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $144,674
- Bonus
- $0
- Other
- $0
- Deferred
- $8,238
- Nontaxable benefits
- $26,919
- Filer's total
- $179,831
-
Rather StantonRATHER STANTON
TREASURER AND FORMER COO
- Total calculated
- $98,999
- From this org
- $85,434
- From related orgs
- $0
- Other
- $13,565
- Hours/week
- 5
-
Bryan WesthoffBRYAN WESTHOFF
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Heather FineHEATHER FINE
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Brendan BarrettBRENDAN BARRETT
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Jason BrownJASON BROWN
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Paul ChadhaPAUL CHADHA
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Mark DemonteMARK DEMONTE
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Ryan DuniganRYAN DUNIGAN
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Bill HardinBILL HARDIN
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Patrick HendricksPATRICK HENDRICKS
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Jose IsasiJOSE ISASI
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Kristopher KeysKRISTOPHER KEYS
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Wendy Kornick FriedmanWENDY KORNICK FRIEDMAN
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Tom LafranceTOM LAFRANCE
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Walter PryorWALTER PRYOR
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Oscar RomeroOSCAR ROMERO
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
David SuslerDAVID SUSLER
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Cristel TurnerCRISTEL TURNER
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Greg WuGREG WU
MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Elie ZennerELIE ZENNER
MEMBER
- Total calculated
- $0
- Hours/week
- 5
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 29 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430619349300978
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