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Nonprofiteer
← CHICAGO TECH ACADEMY

Form 990 for tax year 2022

Filed by CHICAGO TECH ACADEMY.

Totals

Total revenue
$7,011,672
Total expenses
$6,921,066
Contributions and grants received
$6,975,214
Grants paid
$0
Program service revenue
$37,511
Investment income
$0
Other revenue
-$1,053
Total assets, end of year
$2,603,479
Total liabilities, end of year
$455,363
Net assets or fund balances, end of year
$2,148,116
Program services expenses (Part IX)
$5,807,212
Management and general expenses
$1,038,319
Fundraising expenses
$75,535
Program service expenses (Part III)
$5,807,212

Program services were 83.9% 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

    $113,500

  • 1e · Government grants (contributions)

    $6,522,793

  • 1f · All other contributions, gifts and grants

    $338,921

  • 2a · Program service revenue: STUDENT FEES

    total $37,511 · related or exempt $37,511

  • 8a · Fundraising events: gross income

    $9,436

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

    $113,500

  • 8b · Fundraising events: direct expenses

    $11,979

  • 8c · Net income from fundraising events

    total -$2,543 · excluded -$2,543

  • 11a · Other revenue: MISCELLANEOUS

    total $1,490 · excluded $1,490

  • 11e · Other revenue, total

    $1,490

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $335,660 · program services $151,153 · management and general $184,163 · fundraising $344

  • 7 · Other salaries and wages

    total $3,132,947 · program services $2,765,683 · management and general $361,142 · fundraising $6,122

  • 8 · Pension plan contributions

    total $248,852 · program services $218,965 · management and general $29,389 · fundraising $498

  • 9 · Other employee benefits

    total $153,499 · program services $135,064 · management and general $18,128 · fundraising $307

  • 10 · Payroll taxes

    total $223,236 · program services $196,425 · management and general $26,365 · fundraising $446

  • 11b · Fees: legal

    total $8,234 · management and general $8,234

  • 11c · Fees: accounting

    total $36,000 · management and general $36,000

  • 11g · Fees: other

    total $736,745 · program services $699,201 · management and general $37,025 · fundraising $519

  • 12 · Advertising and promotion

    total $240,331 · program services $105,804 · management and general $69,057 · fundraising $65,470

  • 13 · Office expenses

    total $48,924 · program services $22,897 · management and general $25,975 · fundraising $52

  • 16 · Occupancy

    total $624,973 · program services $559,308 · management and general $64,392 · fundraising $1,273

  • 17 · Travel

    total $4,833 · program services $4,325 · management and general $498 · fundraising $10

  • 20 · Interest

    total $701 · program services $701

  • 22 · Depreciation, depletion and amortization

    total $62,890 · program services $56,283 · management and general $6,480 · fundraising $127

  • 23 · Insurance

    total $66,432 · program services $59,452 · management and general $6,845 · fundraising $135

  • 24a · Other expenses: DIRECT STUDENT COSTS

    total $729,560 · program services $729,560

  • 24b · Other expenses: CPS ADMINISTRATIVE FEE

    total $151,201 · management and general $151,201

  • 24c · Other expenses: OTHER PERSONNEL COSTS

    total $101,350 · program services $89,237 · management and general $11,911 · fundraising $202

  • 24d · Other expenses: PROFESSIONAL DEVELOPMEN

    total $14,698 · program services $13,154 · management and general $1,514 · fundraising $30

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,778,417 · end of year $2,117,824

  • 3 · Pledges and grants receivable

    beginning of year $450,465 · end of year $76,966

  • 4 · Accounts receivable

    beginning of year $67,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $201,941 · end of year $203,666

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

    $917,237

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

    $781,122

  • 10c · Land, buildings and equipment, net

    beginning of year $160,022 · end of year $136,115

  • 15 · Other assets

    beginning of year $0 · end of year $68,908

  • 17 · Accounts payable and accrued expenses

    beginning of year $600,835 · end of year $386,455

  • 25 · Other liabilities

    beginning of year $0 · end of year $68,908

  • 27 · Net assets without donor restrictions

    beginning of year $2,057,510 · end of year $2,148,116

Mission and programs · 2022

Mission

EDUCATE EMPOWER AND CONNECT A DIVERSE, NEXT GENERATION OF ENTREPRENEURIAL THINKERS TO DISCOVER THEIR PASSIONS, SUCCEED IN COLLEGE AND CAREERS, AND THRIVE IN A DIGITAL WORLD.

Activities or mission (Part I)

EDUCATE, EMPOWER AND CONNECT A DIVERSE, NEXT GENERATION OF ENTREPRENEURIAL THINKERS TO DISCOVER THEIR PASSIONS, SUCCEED IN COLLEGE AND CAREERS, AND THRIVE IN A DIGITAL WORLD.

  • WE BELIEVE IN (1) PROJECT BASED LEARNING TO ENCOURAGE A DEEPER, CONNECTED FORM OF EVIDENCE BASED EDUCATION. (2) AN INTEGRATED COLLEGE PREPARATORY CURRICULUM THAT FOSTERS CRITICAL THINKING AND INTELLECTUAL CURIOSITY. (3) CREATING AND SUSTAINING A COLLABORATIVE TEACHING AND LEARNING ENVIRONMENT THAT EXPLORES AND REFINES THE WAYS STUDENTS LEARN BEST. (4) HELPING STUDENTS TO BECOME LEADERS AND LIFE-LONG LEARNERS, THROUGH PARTNERSHIPS WITH THE CHICAGO TECH COMMUNITY. (5) ENCOURAGING STUDENTS TO DEVELOP MEANINGFUL RELATIONSHIPS WITH PEERS, FACULTY AND THE BUSINESS COMMUNITY THROUGH NETWORKING AND INTERNSHIP OPPORTUNITIES. (6) GRADUATING ENTREPRENEURIAL-MINDED, FEARLESS, CONFIDENT AND CONNECTED LEARNERS WHO TAKE RESPONSIBILITY FOR THEIR LIVES AND GIVE BACK TO THE COMMUNITY. WE REMAIN THE ONLY WALL-TO-WALL PROJECT-BASED LEARNING HIGH SCHOOL IN CHICAGO PUBLIC SCHOOLS, EMPHASIZING THE DEVELOPMENT OF CRITICAL THINKING, CREATIVITY, COMMUNICATION AND COLLABORATION SKILLS TO PREPARE OUR STUDENTS FOR THE DIGITAL JOBS OF THE FUTURE.WE EMBARKED ON A HYBRID LEARNING MODEL - WITH SOME STUDENTS AT SCHOOL AND SOME LEARNING AT HOME. THROUGHOUT THE IMPLEMENTATION OF THESE LEARNING MODELS WE HAVE LEARNED BEST PRACTICES, IMPROVED OUR INTEGRATION OF TECHNOLOGY, AND HAVE INVESTED IN THE RESOURCES NECESSARY TO ENSURE ALL STUDENTS AND STAFF HAVE THE TECHNOLOGY HARDWARE AND ACCESS REQUIRED TO BE SUCCESSFUL.

    Expenses $5,807,212 · Revenue $37,511

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • TERRY HOWERTON

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • ALEXANDER 'SANDY' LOURIE

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • TODD BABBITZ

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • COLLEEN EGAN

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • TIM HANDORF

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MARTIN KELLY

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • GAUTAM KUMAR

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MEGAN MCCANN

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • BRENDA WILKERSON

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ELIZABETH YOUNG

    TREASURER (UNTIL FEB 2023)

    Total calculated
    $0
    Hours/week
    2

  • TRACY MCCARTHY

    MEMBER (UNTIL FEB 2023)

    Total calculated
    $0
    Hours/week
    2

  • RYAN POLLOCK

    MEMBER (UNTIL FEB 2023)

    Total calculated
    $0
    Hours/week
    2

  • STEVE SHEPHERD

    MEMBER (UNTIL FEB 2023)

    Total calculated
    $0
    Hours/week
    2

  • KEVIN STEELE

    MEMBER (UNTIL FEB 2023)

    Total calculated
    $0
    Hours/week
    2

  • KEITH PALZ

    SCHOOL PRINCIPAL

    Total calculated
    $97,239
    From this org
    $85,687
    From related orgs
    $0
    Other
    $11,552
    Hours/week
    40

  • MATT MOELLER

    EXECUTIVE DIRECTOR

    Total calculated
    $60,177
    From this org
    $57,000
    From related orgs
    $0
    Other
    $3,177
    Hours/week
    40

  • DEMARCO HUGHES

    DEP DIRECTOR, CULTURE & CLIMATE

    Total calculated
    $110,239
    From this org
    $110,239
    From related orgs
    $0
    Other
    $0
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
12 April 2024
IRS schema version
2022v5.0
Source object
202401169349302165

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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