2024-11-20T14:14:22-06:00 2024-06-30 260476995 TIGHE KRESS & ORR PC 2205 POINT BLVD SUITE 100 ELGIN IL 60123 990 2023-07-01 454971554 ELGIN CHARTER SCHOOL INITIATIVE ELGI 6308835013 1600 DUNDEE AVENUE ELGIN IL 60120 PAUL STAGEN TREASURER 6308835013 2024-11-20 1 0 VICKI M MICHALSKI CPA P00443402 8476952700 2024-11-12 2023 2024-10-15 13:58:12Z ELGIN MATH AND SCIENCE ACADEMY KATHRYN MARTINEZ 1600 DUNDEE AVENUE ELGIN IL 60120 7577320 0 X WWW.ELGINMATHANDSCIENCE.ORG X 2012 IL WE STRIVE TO SUPPORT THE WHOLE CHILD AND DEVELOP SOCIALLY RESPONSIBLE LEADERS WHO ASPIRE TO CREATE A BETTER WORLD 10 10 83 25 0 0 6350910 7303928 87342 102610 88060 162744 325 8038 6526637 7577320 0 0 0 0 3864545 4444863 0 0 0 2822754 3627652 6687299 8072515 -160662 -495195 19222973 18520628 15799757 16027727 3423216 2492901 TOGETHER, WE WILL EQUIP OUR STUDENTS TO BE SUCCESSFUL IN A CHANGING WORLD AND WE WILL EMPOWER THEM TO THINK CRITICALLY WITH A GLOBAL PERSPECTIVE WHILE LIVING OUT OUR HABITS OF SCHOLARSHIP: RESPECT, RESPOSIBILITY, COURAGE AND CREATIVITY. 0 0 6606946 105919 ELGIN MATH & SCIENCE ACADEMY CHARTER SCHOOL (EMSA) IS A TUITION-FREE, K-8 PUBLIC CHARTER SCHOOL OPERATING UNDER CHARTER FROM THE ILLINOIS STATE BOARD OF EDUCATION. EMSA'S SERVICE GEOGRAPHY IS THE BOUNDARIES OF SCHOOL DISTRICT U-46. EMSA OPENED IN 2018 AND IN SY23-24, SERVED APPROXIMATELY 468 STUDENTS, GRADES K-8 ON ITS 19-ACRE CAMPUS LOCATED AT 1600 DUNDEE ROAD, ELGIN IL 60120. EMSA IS AN EL EDUCATION PUBLIC CHARTER SCHOOL, WHICH STRIVES TO SUPPORT THE WHOLE CHILD AND TO DEVELOP SOCIALLY RESPONSIBLE LEADERS WHO ASPIRE TO CREATE A BETTER WORLD. 6606946 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 32 0 1 83 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X PAUL STAGEN TREASURER 6308835013 1600 DUNDEE AVENUE ELGIN IL 60120 X SUE BENNETT CHAIR 5.00 X X 0 0 0 KERIN KELLY VICE CHAIR 5.00 X X 0 0 0 PAUL STAGEN TREASURER 5.00 X X 0 0 0 DOREE HAIGHT SECRETARY 5.00 X X 0 0 0 BETHEA LANE DIRECTOR 5.00 X 0 0 0 MELANIE TOTH DIRECTOR 5.00 X 0 0 0 AKASH GANDHI DIRECTOR 5.00 X 0 0 0 HILLYN SENNHOLZ DIRECTOR 5.00 X 0 0 0 JENNIFER DELGADO DIRECTOR 5.00 X 0 0 0 ALAN SCIMECA DIRECTOR 5.00 X 0 0 0 JACQUELYN WILLER PRINCIPAL 1.00 X 150000 0 0 RON MANDERSCHIED CHIEF STRATEGY OFFICER 1.00 X 139535 0 0 DAN ALEXANDER CHIEF OPERATING OFFICER 1.00 X 124973 0 0 414508 0 0 3 0 0 0 0 7239520 64408 7303928 STUDENT FEES 611600 102610 102610 102610 162744 162744 4729 0 4729 4729 MISCELLANEOUS 561499 3309 3309 3309 7577320 105919 0 167473 X 3689138 3220213 468925 602117 357823 244294 153608 127893 25715 31127 31127 185490 185490 25298 19080 6218 49794 41458 8336 81856 55883 25973 469767 391125 78642 41152 34263 6889 472300 393234 79066 105152 87549 17603 STUDENT EXPENSES 1443577 1443577 PROFESSIONAL FEES 305943 142965 162978 DUES AND MEMBERSHIPS 82841 72064 10777 REPAIRS AND MAINTENANCE 79225 65962 13263 254130 153857 100273 8072515 6606946 1465569 0 1064304 1210126 489007 107958 141569 79706 17656466 1144481 11604647 16511985 5916460 540020 6986 70833 19222973 18520628 516464 879198 37362 44155 15201964 14380746 43967 723628 15799757 16027727 X 3400916 2482419 22300 10482 3423216 2492901 19222973 18520628 -495195 -435120 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2096380 2096380 14945112 816126 14128986 614974 328355 286619 16511985 LEASE LIABILITY 71495 ISBE REPAYMENT LIABILITY 652133 723628 X 7577320 0 7577320 0 7577320 8072515 0 8072515 0 8072515 PART X, LINE 2: THE ORGANIZATION IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. IN ADDITION, THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE ORGANIZATION IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. THE ORGANIZATION HAS DETERMINED THAT IT IS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2023. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL FULLY DISCLOSES ITS NONDISCRIMINATORY POLICY TO ALL POTENTIAL STUDENTS. A COPY OF THE POLICY IS AVAILABLE UPON WRITTEN REQUEST. LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: THE SCHOOL RECEIVES PER CAPITA TUITION FROM THE ILLINOIS STATE BOARD OF EDUCATION (ISBE), AND STATE AND FEDERAL GRANTS THROUGH ISBE, THE UNITED STATE ADMINISTRATIVE COMPANY (USAC), AND THE STATE DEPARTMENT OF HEALTHCARE AND FAMILY SERVICES. A EDUCATIONAL FACILITY REVENUE BONDS 2023-03-30 16065000 ADMINISTRATION BUILDING PROJECT 0 0 0 A 16025406 500000 1359348 554584 0 0 1 1 A 0 0 0 0 0 0 0 A 0 1 0 0 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF FORM 990 IS PREPARED BY AN OUTSIDE CPA FIRM AND PROVIDED TO MANAGEMENT FOR REVIEW AND APPROVAL. THE AUDIT COMMITTEE REVIEWS IN ADDITION TO REVIEW BY A FINANCE COMMITTEE. ONCE FORM 990 IS FINALIZED, A COPY IS DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C POLICIES ARE FORMALLY REVIEWED EVERY THREE MONTHS, AND DURING THESE REVIEWS CONFLICTS OF INTEREST WOULD NEED TO BE DISCLOSED. KEY PERSONNEL ARE ADVISED ON THE POLICY AND ASKED TO COMPLY IF APPLICABLE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION ADVICE WAS PROVIDED BY A THIRD PARTY CONSULTANT AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 24E PROFESSIONAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 65,933. MANAGEMENT AND GENERAL EXPENSES 10,394. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 76,327. TELEPHONE EXPENSE: PROGRAM SERVICE EXPENSES 37,054. MANAGEMENT AND GENERAL EXPENSES 7,450. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 44,504. BOND ISSUANCE COSTS: PROGRAM SERVICE EXPENSES 23,666. MANAGEMENT AND GENERAL EXPENSES 4,759. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,425. PRINTING: PROGRAM SERVICE EXPENSES 7,233. MANAGEMENT AND GENERAL EXPENSES 15,216. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,449. STAFF RECRUITMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 21,900. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,900. NON-CAPITAL EQUIPMENT: PROGRAM SERVICE EXPENSES 14,050. MANAGEMENT AND GENERAL EXPENSES 2,825. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,875. CREDIT LOSS EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 15,492. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,492. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 1,729. MANAGEMENT AND GENERAL EXPENSES 12,682. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,411. FUNDRAISING EVENT EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 7,671. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,671. BANK CHARGES: PROGRAM SERVICE EXPENSES 3,498. MANAGEMENT AND GENERAL EXPENSES 1,744. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,242. POSTAGE: PROGRAM SERVICE EXPENSES 694. MANAGEMENT AND GENERAL EXPENSES 140. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 834. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.