Perspectives Charter School
- Assets
- $57.4m
- Revenue
- $30.5m
- Investments
- $0.0
- Employees
- 342
- Location
- Chicago, IL
- Founding
- 12/1997
- Data as of
- 06/2022
- 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 06/2022, Perspectives Charter School employed 342 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 06/2022, Perspectives Charter School generated $30.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $30.3m during the year ending 06/2022. While expenses have increased by 1.6% per year over the past 7 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
2022
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, 2022 AND 2021, THE SCHOOL SERVED APPROXIMATELY 1,683 AND 1,663 STUDENTS, RESPECTIVELY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Stevens CEO | OfficerTrustee | 40 | $213,192 |
Hall Adams Board Chair | OfficerTrustee | 2 | $0 |
Rick Fezell Treasurer | OfficerTrustee | 2 | $0 |
Lamarr Taylor Vice Chair | OfficerTrustee | 1 | $0 |
Andrew Ward Assistant Treasurer | OfficerTrustee | 1 | $0 |
Loren A Weil Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $481,849 |
| Related organizations | $0 |
| Government grants | $27,102,492 |
| All other contributions, gifts, grants, and similar amounts not included above | $831,082 |
| Noncash contributions included in lines 1a–1f | $50,660 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,415,423 |
| Total Program Service Revenue | $2,185,092 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,287 |
| Net Gain/Loss on Asset Sales | -$3,094 |
| Net Income from Fundraising Events | -$117,103 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,523,657 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,350 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $969,636 |
| Compensation of current officers, directors, key employees. | $143,943 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,795,812 |
| Pension plan accruals and contributions | $3,881,545 |
| Other employee benefits | $1,254,376 |
| Payroll taxes | $610,022 |
| Fees for services: Management | $156,637 |
| 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 | $2,313,241 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $115,405 |
| Royalties | $0 |
| Occupancy | $552,858 |
| Travel | $8,654 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,365,660 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,882,151 |
| Insurance | $161,174 |
| All other expenses | $660,900 |
| Total functional expenses | $30,251,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,997,518 |
| Savings and temporary cash investments | $3,995,251 |
| Pledges and grants receivable | $1,117,219 |
| Accounts receivable, net | $2,333,817 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,540,680 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $149,504 |
| Net Land, buildings, and equipment | $37,291,654 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $57,425,643 |
| Accounts payable and accrued expenses | $2,160,437 |
| Grants payable | $0 |
| Deferred revenue | $2,279 |
| Tax-exempt bond liabilities | $30,680,349 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $12,843,365 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $413,786 |
| Total liabilities | $46,100,216 |
| Net assets without donor restrictions | $10,297,789 |
| Net assets with donor restrictions | $1,027,638 |
| 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 | $57,425,643 |