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Nonprofiteer
← CHICAGO CHARTER SCHOOL FOUNDATION

Form 990 for tax year 2022

Filed by CHICAGO CHARTER SCHOOL FOUNDATION.

Totals

Total revenue
$123,103,358
Total expenses
$121,558,057
Contributions and grants received
$115,586,281
Grants paid
$0
Program service revenue
$6,923,385
Investment income
$484,635
Other revenue
$109,057
Total assets, end of year
$117,812,382
Total liabilities, end of year
$66,662,855
Net assets or fund balances, end of year
$51,149,527
Program services expenses (Part IX)
$99,199,975
Management and general expenses
$22,332,660
Fundraising expenses
$25,422
Program service expenses (Part III)
$99,199,975

Program services were 81.6% 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)

    $115,454,347

  • 1f · All other contributions, gifts and grants

    $131,934

  • 1g · Noncash contributions included above

    $375,304

  • 2a · Program service revenue: SCHOOL LUNCH PROGRAM

    total $5,759,682 · related or exempt $5,759,682

  • 2b · Program service revenue: STUDENT FEES, BOOKSTORE, EXTENDED

    total $1,163,703 · related or exempt $1,163,703

  • 3 · Investment income

    total $670,658 · excluded $670,658

  • 7a · Gross sales of assets other than inventory

    securities $11,864,735

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

    securities $11,945,336 · other assets $105,422

  • 7c · Gain or loss

    securities -$80,601 · other assets -$105,422

  • 7d · Net gain or loss

    total -$186,023 · excluded -$186,023

  • 11a · Other revenue: OTHER INCOME

    total $109,057 · excluded $109,057

  • 11e · Other revenue, total

    $109,057

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,003,166 · program services $543,960 · management and general $1,436,724 · fundraising $22,482

  • 7 · Other salaries and wages

    total $62,189,467 · program services $56,242,577 · management and general $5,946,890

  • 8 · Pension plan contributions

    total $6,875,886 · program services $6,285,163 · management and general $590,442 · fundraising $281

  • 9 · Other employee benefits

    total $5,619,977 · program services $4,899,123 · management and general $719,877 · fundraising $977

  • 10 · Payroll taxes

    total $2,500,464 · program services $2,049,581 · management and general $449,201 · fundraising $1,682

  • 11a · Fees: management

    total $4,954,675 · management and general $4,954,675

  • 11g · Fees: other

    total $7,033,941 · program services $4,263,674 · management and general $2,770,267

  • 13 · Office expenses

    total $7,803,789 · program services $5,174,886 · management and general $2,628,903

  • 16 · Occupancy

    total $5,857,897 · program services $5,602,955 · management and general $254,942

  • 20 · Interest

    total $2,217,807 · program services $2,211,297 · management and general $6,510

  • 22 · Depreciation, depletion and amortization

    total $4,646,303 · program services $4,558,236 · management and general $88,067

  • 24a · Other expenses: STUDENT PROGRAMS

    total $7,368,523 · program services $7,368,523

  • 24b · Other expenses: CPS ADMIN FEE

    total $2,486,162 · management and general $2,486,162

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $27,065,733 · end of year $33,727,244

  • 4 · Accounts receivable

    beginning of year $8,510,188 · end of year $2,960,036

  • 9 · Prepaid expenses and deferred charges

    beginning of year $564,618 · end of year $328,717

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

    $107,538,730

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

    $57,121,145

  • 10c · Land, buildings and equipment, net

    beginning of year $44,820,446 · end of year $50,417,585

  • 11 · Investments: publicly traded securities

    beginning of year $21,952,456 · end of year $16,840,130

  • 15 · Other assets

    beginning of year $17,286,877 · end of year $13,538,670

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,798,943 · end of year $8,802,248

  • 19 · Deferred revenue

    end of year $113,510

  • 20 · Tax-exempt bond liabilities

    beginning of year $48,192,807 · end of year $47,227,650

  • 24 · Unsecured notes and loans payable

    beginning of year $331,004 · end of year $331,004

  • 25 · Other liabilities

    beginning of year $12,697,896 · end of year $10,188,443

  • 27 · Net assets without donor restrictions

    beginning of year $49,155,509 · end of year $51,122,527

  • 28 · Net assets with donor restrictions

    beginning of year $24,159 · end of year $27,000

Mission and programs · 2022

Mission

OUR VIBRANT NETWORK OF DIVERSE CHICAGO CHARTER SCHOOLS ENABLES STUDENTS TO THRIVE EVERY DAY, PUTS THEM ON A PATH TO SUCCESS IN COLLEGE AND LIFE, AND EMPOWERS ENTREPRENEURIAL EDUCATORS TO PURSUE EXCELLENCE THROUGH INNOVATION.

  • PROVIDE EDUCATIONAL OPPORTUNITIES FOR YOUTH THROUGH THE OPERATION OF 13 CAMPUS LOCATIONS SERVING 7,127 STUDENTS IN GRADES KINDERGARTEN THROUGH TWELVE DURING FY JUNE 30, 2023. CICS' VIBRANT HUB OF DIVERSE CHICAGO CHARTER SCHOOLS ENABLES STUDENTS TO THRIVE EVERY DAY, PUTS THEM ON A PATH TO SUCCESS IN COLLEGE AND LIFE, AND EMPOWERS ENTREPRENEURIAL EDUCATORS TO PURSUE EXCELLENCE THROUGH INNOVATION.

    Expenses $99,199,975 · Revenue $6,923,385

As filed on the 2022 return.

Listed in Part VII

  • David Blinderman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • David Chizewer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tiffany N Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Venkat Maddila

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mark Morgan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brian Novelline

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ileana P Rodriguez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Evan Sharp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kris Cheung

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $319,338
    From this org
    $318,795
    From related orgs
    $0
    Other
    $543
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $318,795
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $543
    Filer's total
    $319,338

  • Christine Leung

    PRESIDENT

    Total calculated
    $237,049
    From this org
    $201,753
    From related orgs
    $0
    Other
    $35,296
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,753
    Bonus
    $0
    Other
    $0
    Deferred
    $19,500
    Nontaxable benefits
    $15,796
    Filer's total
    $237,049

  • Torry Bennett-Davis

    CEP CHIEF EXECUTIVE OFFICER

    Total calculated
    $204,748
    From this org
    $177,990
    From related orgs
    $0
    Other
    $26,758
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,990
    Bonus
    $0
    Other
    $0
    Deferred
    $19,577
    Nontaxable benefits
    $7,181
    Filer's total
    $204,748

  • Lahari Goud

    CEP PRESIDENT

    Total calculated
    $195,666
    From this org
    $182,738
    From related orgs
    $0
    Other
    $12,928
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,738
    Bonus
    $0
    Other
    $0
    Deferred
    $6,706
    Nontaxable benefits
    $6,222
    Filer's total
    $195,666

  • Pelin Deniz

    CHIEF OPERATIONS OFFICER

    Total calculated
    $189,272
    From this org
    $180,567
    From related orgs
    $0
    Other
    $8,705
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,567
    Bonus
    $0
    Other
    $0
    Deferred
    $4,537
    Nontaxable benefits
    $4,168
    Filer's total
    $189,272

  • Edwindra Johnson

    CHIEF PEOPLE OFFICER - TERM

    Total calculated
    $176,585
    From this org
    $164,589
    From related orgs
    $0
    Other
    $11,996
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,589
    Bonus
    $0
    Other
    $0
    Deferred
    $5,865
    Nontaxable benefits
    $6,131
    Filer's total
    $176,585

  • Derrick Orr

    CEP SCHOOL PRINCIPAL

    Total calculated
    $168,641
    From this org
    $145,428
    From related orgs
    $0
    Other
    $23,213
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,428
    Bonus
    $0
    Other
    $0
    Deferred
    $18,481
    Nontaxable benefits
    $4,732
    Filer's total
    $168,641

  • Allison Hansen

    CHIEF ACADEMIC OFFICER

    Total calculated
    $167,266
    From this org
    $161,135
    From related orgs
    $0
    Other
    $6,131
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,135
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,131
    Filer's total
    $167,266

  • Lindsey Girard

    SCHOOL DIRECTOR

    Total calculated
    $161,230
    From this org
    $161,230
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,230
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $161,230

  • Taquia Hylton

    CEP SCHOOL PRINCIPAL

    Total calculated
    $145,991
    From this org
    $139,405
    From related orgs
    $0
    Other
    $6,586
    Hours/week
    40

  • Pete Pellegrino

    CHIEF FINANCIAL OFFICER - TERM

    Total calculated
    $111,187
    From this org
    $93,933
    From related orgs
    $0
    Other
    $17,254
    Hours/week
    40

  • Yesica Rufino-Perez

    CHIEF GOVERNANCE OFFICER

    Total calculated
    $165,471
    From this org
    $158,538
    From related orgs
    $0
    Other
    $6,933
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,538
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,933
    Filer's total
    $165,471

  • Matsuo Marti

    CHIEF SCHOOLS OFFICER

    Total calculated
    $146,290
    From this org
    $140,939
    From related orgs
    $0
    Other
    $5,351
    Hours/week
    40

  • Tyson Daniel

    SCHOOL PRINCIPAL

    Total calculated
    $144,932
    From this org
    $135,876
    From related orgs
    $0
    Other
    $9,056
    Hours/week
    40

  • Chrystal Fields

    MANAGING DIR OF STUDENT AND FAM SUPP

    Total calculated
    $131,048
    From this org
    $131,048
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Alan Jackson

    DIRECTOR OF INFORMATION TECHNOLOGY

    Total calculated
    $129,254
    From this org
    $123,536
    From related orgs
    $0
    Other
    $5,718
    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. 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 · 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.

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.

  • CIVITAS EDUCATION PARTNERS LLC

    SCHOOL MANAGEMENT COMPANY · IL · income $32,934,380 · assets $8,424,893

    Directly controlled by CHICAGO CHARTER SCHOOL FOUNDATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHICAGO INTERNATIONAL CHARTER SCHOOL BACK-OFFICE SERVICES

    C · ADMINISTRATIVE SERVICES · IL · 100% owned · share of assets $8,170 · controlled entity

    Directly controlled by CHICAGO CHARTER SCHOOL FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
15 April 2024
IRS schema version
2022v5.0
Source object
202411169349301121

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