Erie Elementary Charter School
- Assets
- $14.0m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 110
- Location
- Chicago, IL
- Founding
- 10/2006
- Data as of
- 06/2021
- 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 06/2021, Erie Elementary Charter School employed 110 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 06/2021, Erie Elementary Charter School generated $6.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $6.2m during the year ending 06/2021. While expenses have increased by 2.0% 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
2021
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 2020-2021 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 | Officer | 40 | $132,848 |
Kim Kays Director/ Principal | Trustee | 40 | $111,504 |
Melanie Madigan President | OfficerTrustee | 5 | $0 |
Ricardo Estrada Vice President | OfficerTrustee | 5 | $0 |
Sarah Airola Secretary | OfficerTrustee | 5 | $0 |
Mary G Boehler President Emeritus | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,559,154 |
| Investment income | $3,814 |
| 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 | $6,575,390 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $524 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $244,351 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,346,208 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $780,963 |
| Payroll taxes | $129,470 |
| Fees for services: Management | $110,410 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $69,261 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $311,321 |
| Advertising and promotion | $0 |
| Office expenses | $4,635 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $85,208 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $141 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $322,666 |
| Insurance | $73,525 |
| All other expenses | $0 |
| Total functional expenses | $6,234,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,669,310 |
| Pledges and grants receivable | $7,500 |
| Accounts receivable, net | $384,932 |
| 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 | $35,244 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $284,870 |
| Total assets | $13,959,703 |
| Accounts payable and accrued expenses | $556,517 |
| 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 | $556,517 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $13,403,186 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Erie Elementary Charter School has recieved totaling $85,882.
| Awarding Organization | Amount |
|---|---|
Patrick G And Shirley W Ryan Foundation Chicago, IL PURPOSE: GENERAL CHARITABLE OPERATIONS | $25,000 |
Geary Rimmer Vincent Wolf Foundation Naples, FL PURPOSE: GENERAL USE | $20,000 |
Perkins Harnett Foundation Chicago, IL PURPOSE: GENERAL USE | $14,000 |
Donald & Lorena Meier Foundation Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $11,572 |
Fulk Family Foundation Inc Chicago, IL PURPOSE: GENERAL SUPPORT | $10,000 |
Grand Victoria Foundation Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seeds Of Health Milwaukee, WI | $21,433,274 | $18,248,715 |
Ewing Marion Kauffman School Inc Kansas City, MO | $12,328,924 | $22,686,630 |
Hmong American Peace Academy Ltd Milwaukee, WI | $62,055,663 | $22,180,285 |
Crossroads Charter Schools Kansas City, MO | $14,061,355 | $16,288,564 |
Career Academy Of South Bend Inc South Bend, IN | $28,812,268 | $15,770,291 |
Southland College Prep Charter School Inc Richton Park, IL | $5,970,929 | $14,846,011 |
21st Century Charter School At Gary Inc Indianapolis, IN | $16,296,159 | $15,193,404 |
Avondale Meadows Academy Inc Indianapolis, IN | $23,354,036 | $14,362,990 |
Herron High School Inc Indianapolis, IN | $19,992,400 | $15,381,017 |
Tindley Accelerated Schools Inc Indianapolis, IN | $17,393,569 | $14,658,459 |
Lighthouse Academies Of Indiana Inc Indianapolis, IN | $16,035,849 | $15,931,838 |
Paramount School Of Excellence Incorporated Indianapolis, IN | $17,346,083 | $12,116,236 |