Skip to content
Nonprofiteer
← CHICAGO TECH ACADEMY

Form 990 for tax year 2024

Filed by CHICAGO TECH ACADEMY.

Totals

Total revenue
$6,430,721
Total expenses
$6,652,514
Contributions and grants received
$6,314,923
Grants paid
$0
Program service revenue
$29,638
Investment income
$82,200
Other revenue
$3,960
Total assets, end of year
$2,291,739
Total liabilities, end of year
$238,336
Net assets or fund balances, end of year
$2,053,403
Program services expenses (Part IX)
$5,337,817
Management and general expenses
$1,126,316
Fundraising expenses
$188,381
Program service expenses (Part III)
$5,337,817

Program services were 80.2% 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

    $120,682

  • 1e · Government grants (contributions)

    $5,779,797

  • 1f · All other contributions, gifts and grants

    $414,444

  • 1g · Noncash contributions included above

    $144,265

  • 2a · Program service revenue: STUDENT FEES

    total $29,638 · related or exempt $29,638

  • 3 · Investment income

    total $82,200 · excluded $82,200

  • 8a · Fundraising events: gross income

    $13,331

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

    $120,682

  • 8b · Fundraising events: direct expenses

    $14,521

  • 8c · Net income from fundraising events

    total -$1,190 · excluded -$1,190

  • 11d · All other revenue

    total $5,150 · excluded $5,150

  • 11e · Other revenue, total

    $5,150

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $249,582 · program services $126,917 · management and general $120,826 · fundraising $1,839

  • 7 · Other salaries and wages

    total $3,413,737 · program services $3,034,160 · management and general $335,624 · fundraising $43,953

  • 8 · Pension plan contributions

    total $238,302 · program services $205,631 · management and general $29,692 · fundraising $2,979

  • 9 · Other employee benefits

    total $233,798 · program services $201,745 · management and general $29,131 · fundraising $2,922

  • 10 · Payroll taxes

    total $214,477 · program services $185,072 · management and general $26,724 · fundraising $2,681

  • 11b · Fees: legal

    total $25,080 · program services $12,628 · management and general $9,069 · fundraising $3,383

  • 11c · Fees: accounting

    total $147,057 · program services $74,043 · management and general $53,176 · fundraising $19,838

  • 11g · Fees: other

    total $802,640 · program services $407,420 · management and general $292,598 · fundraising $102,622

  • 12 · Advertising and promotion

    total $4,821 · program services $3,173 · management and general $614 · fundraising $1,034

  • 13 · Office expenses

    total $30,076 · program services $22,002 · management and general $8,074

  • 14 · Information technology

    total $51,020 · program services $43,898 · management and general $4,699 · fundraising $2,423

  • 16 · Occupancy

    total $571,482 · program services $516,945 · management and general $54,529 · fundraising $8

  • 17 · Travel

    total $4,265 · program services $3,755 · management and general $216 · fundraising $294

  • 19 · Conferences, conventions and meetings

    total $12,338 · program services $10,863 · management and general $624 · fundraising $851

  • 20 · Interest

    total $374 · program services $240 · management and general $87 · fundraising $47

  • 22 · Depreciation, depletion and amortization

    total $38,262 · program services $33,127 · management and general $4,645 · fundraising $490

  • 23 · Insurance

    total $71,082 · program services $62,552 · management and general $7,108 · fundraising $1,422

  • 24a · Other expenses: DIRECT STUDENT COSTS

    total $242,669 · program services $235,049 · management and general $7,620

  • 24b · Other expenses: FOOD SERVICE

    total $144,265 · program services $144,265

  • 24c · Other expenses: CPS ADMINISTRATIVE FEE

    total $136,000 · management and general $136,000

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $13,118 · program services $8,430 · management and general $3,093 · fundraising $1,595

  • 24e · All other expenses

    total $8,069 · program services $5,902 · management and general $2,167

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $306,173 · end of year $191,543

  • 2 · Savings and temporary cash investments

    beginning of year $1,760,598 · end of year $1,806,823

  • 3 · Pledges and grants receivable

    beginning of year $145,595 · end of year $124,823

  • 9 · Prepaid expenses and deferred charges

    beginning of year $60,675 · end of year $49,151

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

    $917,237

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

    $863,205

  • 10c · Land, buildings and equipment, net

    beginning of year $92,294 · end of year $54,032

  • 15 · Other assets

    beginning of year $107,996 · end of year $65,367

  • 17 · Accounts payable and accrued expenses

    beginning of year $150,249 · end of year $211,636

  • 25 · Other liabilities

    beginning of year $47,886 · end of year $26,700

  • 27 · Net assets without donor restrictions

    beginning of year $2,175,196 · end of year $1,943,403

  • 28 · Net assets with donor restrictions

    beginning of year $100,000 · end of year $110,000

Mission and programs · 2024

Mission

EDUCATE, EMPOWER AND CONNECT A DIVERSE NEXT GENERATION OF ENTREPRENEURIAL THINKERS TO DISCOVER THEIR PASSIONS, SUCCEED IN POST-SECONDARY LIFE 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.

    Expenses $5,337,817 · Revenue $29,638

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Terry Howerton

    CO-FOUNDER AND CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Todd Babbitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Colleen D Egan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tim Handorf

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Gautam Kumar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brenda Darden Wilkerson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Martin Kelly

    DIRECTOR - TERM

    Total calculated
    $0
    Hours/week
    2

  • Megan McCann

    DIRECTOR - TERM

    Total calculated
    $0
    Hours/week
    2

  • Zataya Shackelford

    SCHOOL PRINCIPAL

    Total calculated
    $70,774
    From this org
    $67,422
    From related orgs
    $0
    Other
    $3,352
    Hours/week
    40

  • Matt Moeller

    EXECUTIVE DIRECTOR

    Total calculated
    $126,000
    From this org
    $126,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Demarco Hughes

    ASSISTANT PRINCIPAL

    Total calculated
    $149,347
    From this org
    $132,959
    From related orgs
    $0
    Other
    $16,388
    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
2024
Filed
5 May 2026
IRS schema version
2024v5.5
Source object
202611329349301976

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

The source document this was parsed from is served over the API, which is where bulk and document access live.