Noble Network Of Charter Schools
- Assets
- $237.8m
- Revenue
- $228.0m
- Investments
- $0.0
- Employees
- 2,101
- Location
- Chicago, IL
- Founding
- 03/1999
- Data as of
- 06/2022
- EIN
- 36-4241970
Organization Overview
Noble Network Of Charter Schools, operating under the name Noble Schools, is located in Chicago, IL. The organization was established in 1999. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Noble Schools employed 2,101 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Noble Schools 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, Noble Schools generated $228.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $228.5m during the year ending 06/2022. While expenses have increased by 6.7% 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
NOBLE WILL ENSURE THAT ALL STUDENTS HAVE EQUITABLE AND POSITIVE SCHOOL EXPERIENCES THAT EQUIP THEM TO COMPLETE COLLEGE AND LEAD CHOICE-FILLED LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NOBLE NETWORK OF CHARTER SCHOOLS WAS ESTABLISHED FOR THE PURPOSE OF REPLICATING THE NATIONALLY RECOGNIZED NOBLE STREET CHARTER HIGH SCHOOL, WHICH OPENED IN 1999. THE NETWORK PROVIDES A QUALITY EDUCATION TO ENABLE THE LOW-INCOME POPULATION TO MAKE CHANGES TO IMPROVE THEIR LIVES. THE NETWORK SERVED 12,362 STUDENTS IN 2022.
OPENED IN 2010, NOBLE DAY CARE, L3C (NDC) PROVIDES AN ENRICHING EDUCATIONAL EXPERIENCE TO THE APPROXIMATELY 33 CHILDREN ENROLLED IN THE PROGRAM. NDC'S EDUCATIONAL MODEL FOLLOWS A BALANCED APPROACH OF FREE EXPLORATION, NATURAL ENVIRONMENT LEARNING WITH GUIDANCE, AND BUILT-IN STRUCTURED ACTIVITIES. QUALIFIED TEACHERS PROVIDE A SET CURRICULUM AND PREPARE ASSESSMENTS TO ENSURE THE CHILDREN ARE MEETING DEVELOPMENTAL GOALS THROUGH THEIR LEARNING. NDC IS ALSO AN APPROVED SITE FOR NOBLE NETWORK OF CHARTER SCHOOLS' STUDENTS WHO CAN EARN VOLUNTEER HOURS FOR PARTICIPATING IN NDC ACTIVITIES AND HELPING OUT AROUND THE FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Constance Jones CEO | Officer | 40 | $306,581 |
Ellen Metz Head Of Schools | Officer | 40 | $232,981 |
Matthew Niksch President - Term | Officer | 40 | $242,916 |
Tressie Mcdonough Managing Director Of Schools | 40 | $203,779 | |
Michael Madden Chief Operating Officer/ President | 40 | $226,810 | |
Alejandro Ramirez Treasurer & CFO | Officer | 40 | $206,631 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Futures Healthcore Llc Healthcare Services | 6/29/22 | $852,183 |
Midwest Series Of Lockton Companies Llc Insurance | 6/29/22 | $710,548 |
Bulley & Andrews Llc Building Repairs, Construction Services | 6/29/22 | $667,270 |
Hayes Mechanical Building Equipment Repairs | 6/29/22 | $407,103 |
Next Level Event Design Event Management Services | 6/29/22 | $363,303 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $209,857,831 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,404,551 |
| Noncash contributions included in lines 1a–1f | $467,301 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $215,262,382 |
| Total Program Service Revenue | $9,703,683 |
| Investment income | $1,908,113 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $547,453 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $227,971,902 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,485,209 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,285,983 |
| Compensation of current officers, directors, key employees. | $2,285,983 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $114,367,796 |
| Pension plan accruals and contributions | $11,954,959 |
| Other employee benefits | $13,616,299 |
| Payroll taxes | $5,368,640 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $635,665 |
| Fees for services: Accounting | $133,000 |
| Fees for services: Lobbying | $189,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $221,497 |
| Fees for services: Other | $9,754,055 |
| Advertising and promotion | $336,529 |
| Office expenses | $2,480,036 |
| Information technology | $13,729,891 |
| Royalties | $0 |
| Occupancy | $14,813,367 |
| Travel | $1,192,212 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,486,753 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,137,421 |
| Insurance | $1,767,150 |
| All other expenses | $1,177,726 |
| Total functional expenses | $228,530,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,268,978 |
| Savings and temporary cash investments | $1,236,998 |
| Pledges and grants receivable | $2,185,143 |
| Accounts receivable, net | $16,325,181 |
| 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 | $5,063,775 |
| Net Land, buildings, and equipment | $100,304,368 |
| Investments—publicly traded securities | $69,089,318 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,335,189 |
| Total assets | $237,808,950 |
| Accounts payable and accrued expenses | $18,920,353 |
| Grants payable | $0 |
| Deferred revenue | $1,672,256 |
| Tax-exempt bond liabilities | $33,249,358 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $26,602,510 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $38,616,219 |
| Total liabilities | $119,060,696 |
| Net assets without donor restrictions | $111,938,874 |
| Net assets with donor restrictions | $6,809,380 |
| 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 | $237,808,950 |