Perspectives Charter School
- Assets
- $58.0m
- Revenue
- $31.3m
- Investments
- $0.0
- Employees
- 347
- Location
- Chicago, IL
- Founding
- 12/1997
- Data as of
- 06/2021
- EIN
- 36-4167576
Organization Overview
Perspectives Charter School is located in Chicago, IL. The organization was established in 1997. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Perspectives Charter School employed 347 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Perspectives Charter School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Perspectives Charter School generated $31.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $28.0m during the year ending 06/2021. While expenses have increased by 0.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PERSPECTIVES CHARTER SCHOOLS PROVIDES STUDENTS WITH A RIGOROUS AND RELEVANT EDUCATION, BASED UPON THE PRINCIPLES OF "A DISCIPLINED LIFE". THIS PREPARES THEM FOR LIFE IN A CHANGING WORLD AND HELPS THEM FURTHER BECOME INTELLECTUALLY REFLECTIVE, CARING AND ETHICAL PEOPLE. PERSPECTIVES PREPARES ALL STUDENTS TO ENTER AND SUCCEED IN COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERSPECTIVES CHARTER SCHOOL PROVIDES A RIGOROUS EDUCATION TO A RACIALLY, CULTURALLY, AND ECONOMICALLY DIVERSE STUDENT BODY. DURING THE YEARS ENDED JUNE 30, 2021 AND 2020, THE SCHOOL SERVED APPROXIMATELY 1,676 AND 1,734 STUDENTS, RESPECTIVELY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Stevens CEO | OfficerTrustee | 40 | $218,077 |
Diana Shulla-Cose President (thru 9/25/20) | OfficerTrustee | 40 | $196,923 |
Erin Powell Managing Principal & Sr Director | 40 | $150,408 | |
Stephen Todd Managing Principal & Sr Director | 40 | $148,565 | |
Gerald Girardi Director Of Finance & Controller | 40 | $141,613 | |
Sauda Porter Sr Director Of Culture | 40 | $129,911 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $315,010 |
| Related organizations | $0 |
| Government grants | $28,851,063 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,982,155 |
| Noncash contributions included in lines 1a–1f | $14,528 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,148,228 |
| Total Program Service Revenue | $139,037 |
| Investment income | $96 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,527 |
| Net Gain/Loss on Asset Sales | $1,388 |
| Net Income from Fundraising Events | -$55,233 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,269,423 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $17,313 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $463,379 |
| Compensation of current officers, directors, key employees. | $29,401 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,073,591 |
| Pension plan accruals and contributions | $1,463,121 |
| Other employee benefits | $1,211,163 |
| Payroll taxes | $581,615 |
| Fees for services: Management | $209,561 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,258,862 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $101,331 |
| Royalties | $0 |
| Occupancy | $544,789 |
| Travel | $10,529 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,269,759 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,803,156 |
| Insurance | $149,236 |
| All other expenses | $808,649 |
| Total functional expenses | $27,990,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,049,697 |
| Savings and temporary cash investments | $4,142,461 |
| Pledges and grants receivable | $1,769,364 |
| Accounts receivable, net | $664,617 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,344,939 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $213,867 |
| Net Land, buildings, and equipment | $37,789,240 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $57,974,185 |
| Accounts payable and accrued expenses | $2,180,565 |
| Grants payable | $0 |
| Deferred revenue | $360,358 |
| Tax-exempt bond liabilities | $31,110,318 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $12,818,839 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $510,659 |
| Total liabilities | $46,980,739 |
| Net assets without donor restrictions | $9,338,668 |
| Net assets with donor restrictions | $1,654,778 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $57,974,185 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Perspectives Charter School has recieved totaling $334,853.
| Awarding Organization | Amount |
|---|---|
Satter Foundation Chicago, IL PURPOSE: PROVIDING EDUCATIONAL OPPORTUNITIES | $200,000 |
Arizona Community Foundation Phoenix, AZ PURPOSE: PROGRAM SUPPORT | $50,000 |
United Way Of Metropolitan Chicago Inc Chicago, IL PURPOSE: PROGRAM SUPPORT | $26,848 |
Lundbeck Us Charitable Fund Deerfield, IL PURPOSE: PROGRAM TO PROVIDE STUDENTS WITH A RIGOROUS AND RELEVANT EDUCATION | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $15,500 |
Canning Foundation Chicago, IL PURPOSE: TO FURTHER PROGRAM SERVICES | $10,000 |
Endowment Analysis
| Beg. Balance | $20,000 |
| Ending Balance | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Culver Educational Foundation Culver, IN | $893,652,774 | $284,232,929 |
Concept Schools Inc Schaumburg, IL | $73,509,189 | $54,687,645 |
Lake Forest Academy Lake Forest, IL | $113,447,241 | $34,795,522 |
John Burroughs School St Louis, MO | $206,476,145 | $33,752,535 |
Perspectives Charter School Chicago, IL | $57,974,185 | $31,269,423 |
Hope Christian Schools Inc Waukesha, WI | $8,169,327 | $30,403,375 |
Wheaton Academy West Chicago, IL | $41,216,883 | $18,989,425 |
Lexington School Inc Lexington, KY | $82,981,335 | $20,273,926 |
Westminster Christian Academy Association Town Country, MO | $72,930,151 | $20,133,441 |
Barstow School Kansas City, MO | $36,041,263 | $20,616,227 |
St Johns Northwestern Military Academy Inc Delafield, WI | $17,393,633 | $8,781,742 |
Trinity Schools Inc South Bend, IN | $7,029,834 | $13,749,929 |