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Nonprofiteer
← ALAIN LOCKE CHARTER SCHOOL

Form 990 for tax year 2024

Filed by ALAIN LOCKE CHARTER SCHOOL.

Totals

Total revenue
$7,150,639
Total expenses
$7,572,904
Contributions and grants received
$7,003,663
Grants paid
$23,500
Program service revenue
$4,321
Investment income
$142,655
Other revenue
$0
Total assets, end of year
$5,564,745
Total liabilities, end of year
$1,962,796
Net assets or fund balances, end of year
$3,601,949
Program services expenses (Part IX)
$7,294,281
Management and general expenses
$246,888
Fundraising expenses
$31,735
Program service expenses (Part III)
$7,294,281

Program services were 96.3% 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)

    $6,417,372

  • 1f · All other contributions, gifts and grants

    $586,291

  • 1g · Noncash contributions included above

    $333,349

  • 2a · Program service revenue: Student Fees

    total $4,321 · related or exempt $4,321

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $143,000 · excluded $143,000

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $20,438

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

    securities $20,783

  • 7c · Gain or loss

    securities -$345 · other assets $0

  • 7d · Net gain or loss

    total -$345 · excluded -$345

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $23,500 · program services $23,500

  • 5 · Compensation of officers, directors and key employees

    total $246,408 · program services $221,767 · management and general $24,641

  • 7 · Other salaries and wages

    total $3,449,361 · program services $3,449,361

  • 8 · Pension plan contributions

    total $931,409 · program services $931,409

  • 9 · Other employee benefits

    total $590,425 · program services $590,425

  • 10 · Payroll taxes

    total $176,991 · program services $176,991

  • 11b · Fees: legal

    total $18,067 · management and general $18,067

  • 11c · Fees: accounting

    total $53,792 · management and general $53,792

  • 11g · Fees: other

    total $409,569 · program services $399,694 · management and general $9,875 · fundraising $0

  • 12 · Advertising and promotion

    total $31,181 · fundraising $31,181

  • 13 · Office expenses

    total $317,948 · program services $317,948

  • 14 · Information technology

    total $166,149 · program services $166,149

  • 16 · Occupancy

    total $497,381 · program services $497,381

  • 17 · Travel

    total $57,527 · program services $57,527

  • 20 · Interest

    total $393 · management and general $393

  • 22 · Depreciation, depletion and amortization

    total $42,565 · program services $42,565

  • 23 · Insurance

    total $37,376 · program services $37,376

  • 24a · Other expenses: CPS Food Service/Meals

    total $312,566 · program services $312,566

  • 24b · Other expenses: CPS Administrative Fee

    total $140,005 · management and general $140,005

  • 24c · Other expenses: Graduation Expense

    total $21,706 · program services $21,706

  • 24d · Other expenses: Employee Recruiting

    total $13,348 · program services $13,348

  • 24e · All other expenses

    total $35,237 · program services $34,568 · management and general $115 · fundraising $554

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $781,801 · end of year $327,610

  • 2 · Savings and temporary cash investments

    beginning of year $3,415,580 · end of year $3,879,018

  • 4 · Accounts receivable

    beginning of year $176,729 · end of year $35,230

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $112,651 · end of year $103,075

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

    $4,367,257

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

    $4,137,405

  • 10c · Land, buildings and equipment, net

    beginning of year $126,729 · end of year $229,852

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $1,215,415 · end of year $989,960

  • 17 · Accounts payable and accrued expenses

    beginning of year $144,214 · end of year $600,980

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,660,477 · end of year $1,361,816

  • 27 · Net assets without donor restrictions

    beginning of year $3,748,611 · end of year $3,336,332

  • 28 · Net assets with donor restrictions

    beginning of year $275,603 · end of year $265,617

Mission and programs · 2024

Mission

Alain Locke Charter School serves as a demonstration for urban schools exemplifying excellence in academics, the arts, personal and social development, and preparing students who are globally competitive. One of Chicago's first public, open enrollment charter schools, Alain Locke Charter School is one of the most successful urban charter schools in the United States. Located in the heart of Chicago's West Side, Alain Locke Charter School serves students in grades Pre-K through 8. The Charter School is a wholly owned subsidiary of Accelerate Institute.

Activities or mission (Part I)

Alain Locke Charter School is devoted to the betterment of urban children by improving education through identifying, improving, and implementing the best practices in education.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $7,294,281 · Grants $23,500 · Revenue $4,321

As filed on the 2024 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Catherine Burns

    Chair / Director

    Total calculated
    $253,878
    From this org
    $0
    From related orgs
    $234,328
    Other
    $19,550
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $233,828 related
    Bonus
    $0 + $500 related
    Other
    $0
    Deferred
    $0 + $7,030 related
    Nontaxable benefits
    $0 + $12,520 related
    Filer's total
    $0 + $253,878 related

  • Claire Hartfield

    Vice Chair/Director

    Total calculated
    $48,625
    From this org
    $0
    From related orgs
    $48,625
    Other
    $0
    Hours/week
    15 + 1 related

  • Nora Ligurotis

    Vice Chair/Director

    Total calculated
    $0
    Hours/week
    1

  • Carla Black

    Director (Begin 10/7/24)

    Total calculated
    $0
    Hours/week
    1

  • James Palos

    Director

    Total calculated
    $0
    Hours/week
    1

  • John McLaughlin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Nosa Ehimwenman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Patrick G Ryan Jr

    Director

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • Robert Horne

    Director

    Total calculated
    $0
    Hours/week
    1

  • Shabree Todd

    Director & Parent Rep.

    Total calculated
    $0
    Hours/week
    1

  • Steven Perlman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dawn Moore

    Assistant Treasurer

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Erin Gilmore

    Secretary

    Total calculated
    $147,532
    From this org
    $0
    From related orgs
    $131,430
    Other
    $16,102
    Hours/week
    2 + 38 related

  • Judy McGarvey

    Treasurer

    Total calculated
    $0
    Hours/week
    30 + 10 related

  • Patrick Love

    Principal

    Total calculated
    $238,691
    From this org
    $188,662
    From related orgs
    $0
    Other
    $50,029
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,662
    Bonus
    $0
    Other
    $0
    Deferred
    $37,509
    Nontaxable benefits
    $12,520
    Filer's total
    $238,691

  • Eboni Harris

    Case Manager

    Total calculated
    $133,410
    From this org
    $101,852
    From related orgs
    $0
    Other
    $31,558
    Hours/week
    40

  • Jennifer Mitch

    Instructor

    Total calculated
    $155,720
    From this org
    $121,832
    From related orgs
    $0
    Other
    $33,888
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $121,832
    Bonus
    $0
    Other
    $0
    Deferred
    $24,051
    Nontaxable benefits
    $9,837
    Filer's total
    $155,720

  • Vonyell Foster

    Dean of Students

    Total calculated
    $127,813
    From this org
    $114,540
    From related orgs
    $0
    Other
    $13,273
    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 · 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.

Provenance

Return type
form_990
Tax year
2024
Filed
4 February 2026
IRS schema version
2024v5.1
Source object
202600359349300510

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