Erie Elementary Charter School
- Assets
- $14.2m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 105
- Location
- Chicago, IL
- Founding
- 10/2006
- Data as of
- 06/2022
- EIN
- 37-1504399
Organization Overview
Erie Elementary Charter School is located in Chicago, IL. The organization was established in 2006. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Erie Elementary Charter School employed 105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Erie Elementary 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, Erie Elementary Charter School generated $6.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $6.5m during the year ending 06/2022. While expenses have increased by 2.5% per year over the past 5 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
TO PROVIDE BI-LITERATE EDUCATIONAL AND COMMUNITY OPPORTUNITIES FOR YOUTHS, GRADES K-8.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ERIE ELEMENTARY CHARTER SCHOOL IS A K-8 NON-PROFIT PUBLIC CHARTER SCHOOL OPEN TO ALL AND SERVING THE CHICAGO NORTHWEST COMMUNITY. WE APPLY AN EVIDENCE-BASED FRAMEWORK FOR DELIVERING HIGH QUALITY, DIFFERENTIATED INSTRUCTION AND TAILORED SUPPORT FOR ALL STUDENTS. FOR THE 2021-2022 SCHOOL YEAR, THE SCHOOL ACHIEVED A LEVEL 1 CHICAGO PUBLIC SCHOOL QUALITY RATING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlos Perez Executive Director | OfficerTrustee | 40 | $136,785 |
Melanie Madigan President | OfficerTrustee | 5 | $0 |
Sarah Airola Secretary | OfficerTrustee | 5 | $0 |
Mary G Boehler President Emeritus | OfficerTrustee | 5 | $0 |
Ryan Kraus Treasurer | OfficerTrustee | 5 | $0 |
Maria Hawilo Vice President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $170,000 |
| Government grants | $6,137,217 |
| All other contributions, gifts, grants, and similar amounts not included above | $273,656 |
| Noncash contributions included in lines 1a–1f | $125,006 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,580,873 |
| Total Program Service Revenue | $25,693 |
| Investment income | $970 |
| 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 | $6,610,395 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $614 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $245,715 |
| Compensation of current officers, directors, key employees. | $100,934 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,374,305 |
| Pension plan accruals and contributions | $142,928 |
| Other employee benefits | $339,487 |
| Payroll taxes | $139,421 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $82,938 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $614,212 |
| Advertising and promotion | $7,956 |
| Office expenses | $56,407 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $127,078 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,424 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $343,696 |
| Insurance | $57,274 |
| All other expenses | $367,878 |
| Total functional expenses | $6,494,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,158,190 |
| Savings and temporary cash investments | $1,056,206 |
| Pledges and grants receivable | $56,395 |
| Accounts receivable, net | $438,560 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $47,385 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $51,390 |
| Net Land, buildings, and equipment | $11,346,191 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,154,317 |
| Accounts payable and accrued expenses | $860,314 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $860,314 |
| Net assets without donor restrictions | $13,282,003 |
| Net assets with donor restrictions | $12,000 |
| 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 | $14,154,317 |