Prairie Crossing Charter School
- Assets
- $14.5m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 107
- Location
- Grayslake, IL
- Founding
- 07/1999
- Data as of
- 06/2022
- EIN
- 36-4219220
Organization Overview
Prairie Crossing Charter School is located in Grayslake, IL. The organization was established in 1999. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2024, Prairie Crossing Charter School employed 107 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prairie Crossing 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, Prairie Crossing Charter School generated $7.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $6.3m during the year ending 06/2022. While expenses have increased by 2.6% per year over the past 8 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
PRAIRIE CROSSING CHARTER SCHOOL IS A KINDERGARTEN THROUGH EIGHTH GRADE PUBLIC SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOLING OF GRADE KINDERGARTEN THROUGH GRADE EIGHT. A PERSONALIZED PUBLIC EDUCATION WHERE CHILDREN LEARN THE VALUE OF COMMUNITY AND THE ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Stacey White President | OfficerTrustee | 1 | $0 |
James Mertz Vice President | OfficerTrustee | 1 | $0 |
Rebekka Herrington Secretary | OfficerTrustee | 1 | $0 |
Ankur Bhatia Treasurer | OfficerTrustee | 1 | $0 |
Steve Heroux Board Member | Trustee | 1 | $0 |
Matt Earl Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,983,791 |
| Investment income | $505 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$7,051 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,418 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,197,556 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $225,225 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,171,654 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $481,519 |
| Payroll taxes | $135,368 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,949 |
| Fees for services: Accounting | $52,474 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,006 |
| Advertising and promotion | $0 |
| Office expenses | $46,671 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $113,326 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $436,991 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $347,775 |
| Insurance | $112,082 |
| All other expenses | $0 |
| Total functional expenses | $6,294,501 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,302 |
| Savings and temporary cash investments | $3,966,170 |
| Pledges and grants receivable | $36,609 |
| Accounts receivable, net | $20,271 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,255 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $698,506 |
| Total assets | $14,517,357 |
| Accounts payable and accrued expenses | $484,707 |
| Grants payable | $0 |
| Deferred revenue | $26,370 |
| Tax-exempt bond liabilities | $9,591,831 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $28,926 |
| Other liabilities | $22,331 |
| Total liabilities | $10,154,165 |
| Net assets without donor restrictions | $4,357,129 |
| Net assets with donor restrictions | $6,063 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $4,363,192 |