Totals
- Total revenue
- $124,882,198
- Total expenses
- $120,344,943
- Contributions and grants received
- $123,138,884
- Grants paid
- $0
- Program service revenue
- $218,129
- Investment income
- $1,304,834
- Other revenue
- $220,351
- Total assets, end of year
- $109,586,537
- Total liabilities, end of year
- $60,445,857
- Net assets or fund balances, end of year
- $49,140,680
- Program services expenses (Part IX)
- $113,796,890
- Management and general expenses
- $6,377,646
- Fundraising expenses
- $170,407
- Program service expenses (Part III)
- $113,796,890
Program services were 94.6% 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)
$122,709,116
-
1f · All other contributions, gifts and grants
$429,768
-
1g · Noncash contributions included above
$825,630
-
2a · Program service revenue: STUDENT FEES
total $218,129 · related or exempt $218,129
-
3 · Investment income
total $1,343,694 · excluded $1,343,694
-
7a · Gross sales of assets other than inventory
securities $4,174,907
-
7b · Less cost or other basis and sales expenses
securities $4,213,767
-
7c · Gain or loss
securities -$38,860
-
7d · Net gain or loss
total -$38,860 · excluded -$38,860
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $220,351 · excluded $220,351
-
11e · Other revenue, total
$220,351
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,246,981 · program services $785,634 · management and general $461,347
-
7 · Other salaries and wages
total $57,848,376 · program services $55,116,138 · management and general $2,732,238
-
8 · Pension plan contributions
total $8,966,974 · program services $8,513,677 · management and general $453,297
-
9 · Other employee benefits
total $10,693,692 · program services $10,161,206 · management and general $532,486
-
10 · Payroll taxes
total $1,604,251 · program services $1,519,118 · management and general $85,133
-
11b · Fees: legal
total $460,213 · program services $435,791 · management and general $24,422
-
11c · Fees: accounting
total $117,549 · program services $111,311 · management and general $6,238
-
11g · Fees: other
total $8,344,579 · program services $7,901,755 · management and general $442,824
-
12 · Advertising and promotion
total $111,621 · program services $105,698 · management and general $5,923
-
13 · Office expenses
total $1,185,924 · program services $1,122,990 · management and general $62,934
-
14 · Information technology
total $31,790 · program services $30,103 · management and general $1,687
-
16 · Occupancy
total $8,929,464 · program services $8,455,602 · management and general $473,862
-
19 · Conferences, conventions and meetings
total $40,501 · program services $38,352 · management and general $2,149
-
20 · Interest
total $1,365,440 · program services $1,292,980 · management and general $72,460
-
22 · Depreciation, depletion and amortization
total $4,223,462 · program services $3,999,334 · management and general $224,128
-
23 · Insurance
total $620,924 · program services $587,973 · management and general $32,951
-
24a · Other expenses: SCHOOL BREAKFAST AND LU
total $4,309,859 · program services $4,081,146 · management and general $228,713
-
24b · Other expenses: CLASSROOM SUPPLIES AND
total $2,959,747 · program services $2,802,681 · management and general $157,066
-
24c · Other expenses: CPS ADMINISTRATION FEE
total $2,393,480 · program services $2,266,464 · management and general $127,016
-
24d · Other expenses: STUDENT ACTIVITIES
total $1,508,609 · program services $1,428,551 · management and general $80,058
-
24e · All other expenses
total $3,381,507 · program services $3,040,386 · management and general $170,714 · fundraising $170,407
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,441 · end of year $1,440
-
2 · Savings and temporary cash investments
beginning of year $26,910,293 · end of year $25,722,660
-
4 · Accounts receivable
beginning of year $6,923,904 · end of year $8,941,825
-
9 · Prepaid expenses and deferred charges
beginning of year $2,927,347 · end of year $2,201,596
-
10a · Land, buildings and equipment: cost or other basis
$79,719,669
-
10b · Land, buildings and equipment: accumulated depreciation
$35,220,127
-
10c · Land, buildings and equipment, net
beginning of year $44,075,333 · end of year $44,499,542
-
11 · Investments: publicly traded securities
beginning of year $13,056,289 · end of year $14,599,502
-
15 · Other assets
beginning of year $16,389,599 · end of year $13,619,972
-
17 · Accounts payable and accrued expenses
beginning of year $13,016,619 · end of year $11,557,508
-
19 · Deferred revenue
beginning of year $24,719 · end of year $24,719
-
23 · Secured mortgages and notes payable
beginning of year $41,982,470 · end of year $40,423,295
-
25 · Other liabilities
beginning of year $11,567,876 · end of year $8,440,335
-
27 · Net assets without donor restrictions
beginning of year $43,562,580 · end of year $48,934,613
-
28 · Net assets with donor restrictions
beginning of year $129,942 · end of year $206,067
Mission and programs · 2023
Mission
TRANSFORMING MINDS THROUGH ACADEMIC EMPOWERMENT AND SUCCESS. ACERO PROVIDES EDUCATIONAL OPPORTUNITIES THAT WILL LAUNCH THE NEXT GENERATION OF EXTRAORDINARY LIFE-LONG LEARNERS, DISCERNERS AND DOERS.
Activities or mission (Part I)
ORGANIZATION PROVIDES EDUCATIONAL AND COMMUNITY OPPORTUNITIES FOR YOUTHS IN K-12.
-
STUDENT FEE - EDUCATIONAL INSTITUTION FOR STUDENTS IN KINDERGARTEN THROUGH HIGH SCHOOL SERVING 6,179 STUDENTS THROUGH 12 ELEMENTARY AND 3 HIGH SCHOOLS, RESPECTIVELY.
Expenses $113,796,890 · Revenue $218,129
As filed on the 2023 return.
Listed in Part VII
-
Yeni RojasYENI ROJAS
CHAIRWOMAN
- Total calculated
- $0
- Hours/week
- 2
-
Douglass HewittDOUGLASS HEWITT
VICE-CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Roxanne MatiasROXANNE MATIAS
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Jairo NaranjoJAIRO NARANJO
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
John PelisseroJOHN PELISSERO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kelwin HarrisKELWIN HARRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Marco A RodriguezMARCO A RODRIGUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Margery YeagerMARGERY YEAGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Simon YohananSIMON YOHANAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Socorro VegaSOCORRO VEGA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Richard L RodriguezRICHARD L RODRIGUEZ
PRESIDENT & CHIEF EXECUTIV
- Total calculated
- $325,442
- From this org
- $283,216
- From related orgs
- $0
- Other
- $42,226
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $260,000
- Bonus
- $21,216
- Other
- $2,000
- Deferred
- $19,884
- Nontaxable benefits
- $22,342
- Filer's total
- $325,442
-
Richard E ValergaRICHARD E VALERGA
CHIEF FINANCIAL AND OPERATING OFFICER
- Total calculated
- $228,728
- From this org
- $191,560
- From related orgs
- $0
- Other
- $37,168
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $180,136
- Bonus
- $11,424
- Other
- $0
- Deferred
- $13,444
- Nontaxable benefits
- $23,724
- Filer's total
- $228,728
-
Claudia E CastroCLAUDIA E CASTRO
CHIEF LEGAL OFFICER
- Total calculated
- $213,141
- From this org
- $192,560
- From related orgs
- $0
- Other
- $20,581
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $180,136
- Bonus
- $11,424
- Other
- $1,000
- Deferred
- $13,327
- Nontaxable benefits
- $7,254
- Filer's total
- $213,141
-
Helena C StangleHELENA C STANGLE
CHIEF CULTURE OFFICER
- Total calculated
- $212,496
- From this org
- $191,560
- From related orgs
- $0
- Other
- $20,936
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $180,136
- Bonus
- $11,424
- Other
- $0
- Deferred
- $13,444
- Nontaxable benefits
- $7,492
- Filer's total
- $212,496
-
Alfredo NamboALFREDO NAMBO
CHIEF EDUCATION OFFICER
- Total calculated
- $211,361
- From this org
- $181,964
- From related orgs
- $0
- Other
- $29,397
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $158,864
- Bonus
- $23,100
- Other
- $0
- Deferred
- $12,574
- Nontaxable benefits
- $16,823
- Filer's total
- $211,361
-
Ariel A CorreaARIEL A CORREA
SCHOOL PRINCIPAL
- Total calculated
- $161,902
- From this org
- $150,367
- From related orgs
- $0
- Other
- $11,535
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $148,867
- Bonus
- $1,500
- Other
- $0
- Deferred
- $11,151
- Nontaxable benefits
- $384
- Filer's total
- $161,902
-
Christopher J AllenCHRISTOPHER J ALLEN
SCHOOL PRINCIPAL
- Total calculated
- $185,592
- From this org
- $150,684
- From related orgs
- $0
- Other
- $34,908
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,684
- Bonus
- $0
- Other
- $0
- Deferred
- $11,184
- Nontaxable benefits
- $23,724
- Filer's total
- $185,592
-
Melissa SweazyMELISSA SWEAZY
SCHOOL PRINCIPAL
- Total calculated
- $168,767
- From this org
- $143,834
- From related orgs
- $0
- Other
- $24,933
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $140,834
- Bonus
- $3,000
- Other
- $0
- Deferred
- $10,616
- Nontaxable benefits
- $14,317
- Filer's total
- $168,767
-
Alyssa B DonsALYSSA B DONS
SCHOOL PRINCIPAL
- Total calculated
- $173,567
- From this org
- $145,914
- From related orgs
- $0
- Other
- $27,653
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $145,914
- Bonus
- $0
- Other
- $0
- Deferred
- $10,830
- Nontaxable benefits
- $16,823
- Filer's total
- $173,567
-
Madelyn P BartholomewMADELYN P BARTHOLOMEW
DEPUTY CHIEF OPERATING OFFICER
- Total calculated
- $167,833
- From this org
- $144,109
- From related orgs
- $0
- Other
- $23,724
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $144,109
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $23,724
- Filer's total
- $167,833
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 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 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.
-
501(C)(3) · SUPPORTING ORGANIZATION · IL · controlled entity
Directly controlled by ACERO CHARTER SCHOOLS INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 22 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541189349302239
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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