University Of Chicago Charter School Corporation
- Assets
- $14.5m
- Revenue
- $19.7m
- Investments
- $0.0
- Employees
- 234
- Location
- Chicago, IL
- Founding
- 09/1999
- Data as of
- 06/2021
- EIN
- 36-4225812
Organization Overview
University Of Chicago Charter School Corporation is located in Chicago, 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 06/2021, University Of Chicago Charter School Corporation employed 234 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Chicago Charter School Corporation 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, University Of Chicago Charter School Corporation generated $19.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $19.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 6 years. 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
TO PREPARE STUDENTS FOR SUCCESS IN FOUR-YEAR COLLEGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES THREE CHARTER SCHOOLS. TWO ELEMENTARY SCHOOLS - DONOGHUE AND NORTH KENWOOD/OAKLAND; AND ONE MIDDLE AND HIGH SCHOOL - WOODLAWN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed VP - Corporate Board | OfficerTrustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,629,121 |
| Government grants | $17,678,104 |
| All other contributions, gifts, grants, and similar amounts not included above | $208,227 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,515,452 |
| Total Program Service Revenue | $228,175 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,743,627 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,276,720 |
| Pension plan accruals and contributions | $1,316,063 |
| Other employee benefits | $1,193,306 |
| Payroll taxes | $556,225 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,142 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $382,179 |
| Advertising and promotion | $0 |
| Office expenses | $189,554 |
| Information technology | $1,043,071 |
| Royalties | $0 |
| Occupancy | $1,815,509 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $185,823 |
| All other expenses | $0 |
| Total functional expenses | $19,048,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,965,126 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,154,353 |
| Accounts receivable, net | $348,421 |
| 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 | $14,847 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,482,747 |
| Accounts payable and accrued expenses | $1,087,551 |
| Grants payable | $0 |
| Deferred revenue | $132,967 |
| Tax-exempt bond liabilities | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,220,518 |
| Net assets without donor restrictions | $3,107,876 |
| Net assets with donor restrictions | $10,154,353 |
| 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 | $14,482,747 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that University Of Chicago Charter School Corporation has recieved totaling $25,210.
| Awarding Organization | Amount |
|---|---|
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $210 |
Endowment Analysis
| Beg. Balance | $7,434,936 |
| Earnings | $2,488,204 |
| Net Contributions | $1,000 |
| Other Expense | $377,931 |
| Ending Balance | $9,546,209 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Francis W Parker School Chicago, IL | $194,788,594 | $67,683,715 |
Mary Institute And Saint Louis Country Day School St Louis, MO | $240,203,179 | $40,528,498 |
Confluence Academy St Louis, MO | $36,687,360 | $48,180,498 |
St Lukes-Jones Regional Medical Center Anamosa, IA | $65,819,310 | $47,904,266 |
Pembroke Hill School Kansas City, MO | $163,708,613 | $51,122,329 |
University School Of Milwaukee Corporation Milwaukee, WI | $59,516,474 | $37,531,617 |
Park Tudor Foundation Inc Indianapolis, IN | $62,976,373 | $33,968,467 |
Christian Academy Of Louisville Inc Louisville, KY | $31,042,976 | $28,033,644 |
North Shore Country Day School Winnetka, IL | $93,458,208 | $25,821,359 |
University Of Chicago Charter School Corporation Chicago, IL | $14,482,747 | $19,743,627 |
Hope Educational & Research Center St Louis, MO | $196,443,117 | $45,382,338 |
Louisville Collegiate School Louisville, KY | $44,243,091 | $19,424,992 |