CHICAGO PUBLIC EDUCATION FUND

EIN: 364279013 501(c)(3) Education

CHICAGO, IL

Total Revenue
$6,923,244
Total Expenses
$6,453,836
Total Assets
$41,819,615
Net Assets
$40,499,515
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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
IL
Principal Officer
HEATHER Y ANICHINI
Phone
3125584500
Tax Period
2023-01-01 to 2023-12-31

CHICAGO PUBLIC EDUCATION FUND, founded in 1999, is a community nonprofit in the Education sector that reported $6.9M in total revenue in fiscal year 2023. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $6.5M left a modest 7% surplus.

Mission

THE CHICAGO PUBLIC EDUCATION FUND (THE FUND) IS A NONPROFIT ORGANIZATION THAT IMPROVES PUBLIC SCHOOLS IN CHICAGO BY INVESTING IN THE TALENTED EDUCATORS WHO LEAD THEM.

Program Service Accomplishments

Program 1
Expenses: $2,836,018

PROGRAMMATIC SUPPORTS (2023) THE FUND SUPPORTS PRINCIPALS AND ASPIRING PRINCIPALS THROUGH PROGRAMMING. FUND PROGRAMS ARE OPEN TO ALL EDUCATORS LEADING OR ASPIRING TO LEAD IN CHICAGO'S PUBLIC SCHOOLS...

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PROGRAMMATIC SUPPORTS (2023) THE FUND SUPPORTS PRINCIPALS AND ASPIRING PRINCIPALS THROUGH PROGRAMMING. FUND PROGRAMS ARE OPEN TO ALL EDUCATORS LEADING OR ASPIRING TO LEAD IN CHICAGO'S PUBLIC SCHOOLS. WE SERVE EDUCATORS ACROSS THE CITY IN MANY SCHOOL TYPES, INCLUDING ELEMENTARY, HIGH SCHOOL, CHARTER, AND DISTRICT. WE LEVERAGE REAL-TIME DATA ON SCHOOL NEEDS AND OUTCOMES TO IMPLEMENT THE MOST EFFECTIVE PROGRAMS FOR OUR PARTICIPATING EDUCATORS EACH YEAR. OUR PROFESSIONAL LEARNING COMMUNITIES (PLCS) ACCOUNTED FOR 286 (85%) OF OUR PARTICIPANTS IN 2023. PLCS ALLOWED SCHOOL LEADERS TO PARTICIPATE IN YEARLONG PEER-LEARNING GROUPS LED BY THE CITY'S TOP PRINCIPALS. PARTICIPANTS ENGAGED IN REFLECTIVE JOURNEYS DESIGNED TO HELP THEM UNDERSTAND THEIR LEADERSHIP MORE DEEPLY, LEARN NEW SKILLS, ENCOURAGE INNOVATIVE PRACTICES IN THEIR BUILDINGS, AND ADVANCE POSITIVE SCHOOL CULTURE. IN ADDITION TO THE PLCS, WE OFFERED A DESIGN SUITE IN 2023. THIS SUITE EQUIPPED EDUCATORS WITH THE RESOURCES TO CREATE STUDENT-CENTERED SOLUTIONS TO PRESSING SCHOOL-BASED CHALLENGES. PARTICIPANTS FROM 25 SCHOOLS DESIGNED AND TESTED INITIATIVES TO IMPROVE TEACHING, LEARNING, AND SCHOOL CLIMATE. FINALLY, OUR TEAM MANAGED A MASTERCLASS SERIES AND LEADERSHIP BRIDGE, AN ASPIRING PRINCIPAL PROGRAM, IN 2023. THESE PROGRAMS EXPANDED THE RESPONSIVE RESOURCES AVAILABLE TO LEADERS THROUGHOUT THE SCHOOL YEAR.IN TOTAL, THE FUND'S PROGRAMS SUPPORTED 333 LEADERS IN 253 SCHOOLS SERVING 128,000 STUDENTS ACROSS THE CITY IN THE 2022-23 SCHOOL YEAR. OVER HALF OF OUR PARTICIPANTS WERE LEADERS OF COLOR: 44.4% AND 14.1% IDENTIFIED AS BLACK AND LATINO/A/X.

Program 2
Expenses: $1,381,478

SYSTEMS, DATA, AND POLICIES (2023) THE FUND HAS INVESTED IN EDUCATOR TALENT IN CHICAGO FOR ALMOST 25 YEARS. IN THE LAST DECADE, WE NARROWED OUR FOCUS TO SCHOOL LEADERS. WE BELIEVE CHICAGO'S...

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SYSTEMS, DATA, AND POLICIES (2023) THE FUND HAS INVESTED IN EDUCATOR TALENT IN CHICAGO FOR ALMOST 25 YEARS. IN THE LAST DECADE, WE NARROWED OUR FOCUS TO SCHOOL LEADERS. WE BELIEVE CHICAGO'S PRINCIPALS SHOULDER TREMENDOUS RESPONSIBILITIES, AND THEY REQUIRE THE AUTONOMY TO ACT ON THE NEEDS OF THEIR COMMUNITIES. AS SUCH, THE FUND IS DEDICATED TO BUILDING A CULTURE OF STRONG, LOCAL LEADERSHIP IN CHICAGO. WE VALUE OUR PARTNERSHIPS WITH OTHER ORGANIZATIONS IN OUR SYSTEM-LEVEL WORK. IN 2023, WE WORKED MOST CLOSELY WITH CHICAGO PUBLIC SCHOOLS (CPS). OUR ANNUAL PRINCIPAL AND ASSISTANT PRINCIPAL ENGAGEMENT SURVEYS HELPED INFORM DISTRICT STRATEGY AND INFLUENCED MODIFICATIONS TO OUR PROGRAMS TO BETTER SERVE LEADERS. WE ALSO SUPPORTED CPS IN SURVEYING LOCAL SCHOOL COUNCIL (LSC) MEMBERS. WE LAUNCHED THIS FIRST-OF-ITS-KIND SURVEY IN OCTOBER 2023 TO LEARN MORE ABOUT LSC MEMBER SATISFACTION AND NEEDS FOR SUPPORT. WE ALSO PUBLISHED FOUR REPORTS IN 2023, INCLUDING "THE ILLINOIS PRINCIPAL: THEIR WORK, THEIR CHALLENGES, THEIR IMPACT." WE WROTE THIS REPORT IN PARTNERSHIP WITH THE ILLINOIS PRINCIPALS ASSOCIATION, A STATEWIDE MEMBERSHIP ORGANIZATION AIMING TO DEVELOP, SUPPORT, AND ADVOCATE FOR INNOVATIVE EDUCATIONAL LEADERS. THE REPORT INCLUDED DATA ON ILLINOIS PRINCIPALS, OFFERING INSIGHT INTO THEIR ROLES AND RESPONSIBILITIES. IT ALSO HIGHLIGHTED THE STORIES OF LEADERS STATEWIDE TO DEMONSTRATE THE URGENT NEED FOR MORE LOCAL-LEVEL DECISION-MAKING IN CHICAGO AND BEYOND.

Program 3
Expenses: $1,328,883

EDUCATOR ENGAGEMENT (2023) IN 2023, THE FUND CONNECTED EDUCATORS TO THE BROADER COMMUNITY, TO OUR WORK, AND TO ONE ANOTHER. WE CELEBRATED THEIR INNOVATION AND LEADERSHIP CITYWIDE. IN APRIL, WE...

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EDUCATOR ENGAGEMENT (2023) IN 2023, THE FUND CONNECTED EDUCATORS TO THE BROADER COMMUNITY, TO OUR WORK, AND TO ONE ANOTHER. WE CELEBRATED THEIR INNOVATION AND LEADERSHIP CITYWIDE. IN APRIL, WE CO-HOSTED AN EVENT WITH THE UNIVERSITY OF CHICAGO CONSORTIUM ON SCHOOL RESEARCH. OVER 130 EDUCATION LEADERS AND CHAMPIONS ATTENDED. IT INCLUDED A CONVERSATION ON THE GROWTH OF THE CHICAGO EDUCATION LANDSCAPE OVER THE PAST TWO DECADES AND THE ROLE OF SCHOOL LEADERSHIP AS DESCRIBED IN THE BOOK "HOW A CITY LEARNED TO IMPROVE ITS SCHOOLS." THE EVENT CONCLUDED WITH A FIRESIDE CHAT INVOLVING SOME OF THE BOOK'S AUTHORS, CHICAGO PUBLIC SCHOOLS CEO PEDRO MARTINEZ, AND THE ACADEMY GROUP CEO GREG JONES. IN OCTOBER, THE FUND CELEBRATED EDUCATORS CITYWIDE THROUGH OUR ANNUAL PRINCIPAL APPRECIATION CAMPAIGN. THE CAMPAIGN INCLUDED A SCHOOL VISIT, FREE TICKETS FOR PRINCIPALS TO ATTEND A CHICAGO BULLS GAME, AND ONE EVENT AT THE FIELD MUSEUM THAT FEATURED STORIES FROM TRANSFORMATIONAL SCHOOL LEADERS. WE ALSO EXECUTED A SOCIAL MEDIA CAMPAIGN AND PARTNERED WITH THE CHICAGO TRANSIT AUTHORITY TO FEATURE EXTRAORDINARY SCHOOL LEADERS IN ADS ON BUSES AND TRAINS IN THE CITY. IN LATE 2023, WE WELCOMED A NEW EDUCATOR ADVISORY COMMITTEE, WHOSE MEMBERS CONSULTED ON OUR WORK. COMPOSED OF 36 PRINCIPALS AND ASSISTANT PRINCIPALS, THE COMMITTEE AIMS TO SHAPE THE FUND'S POLICY AGENDA, OFFER RECOMMENDATIONS ON PROGRAMMING, AND FACILITATE CONNECTIONS WITH OTHER LEADERS ACROSS THE CITY. IT ALSO SPECIFICALLY FOCUSED ON CO-CREATING THE CRITERIA, DESIGN, AND IMPLEMENTATION OF AWARDS FOR SCHOOL LEADERS THAT WILL LAUNCH IN 2024. THE ANTICIPATED OUTCOME OF OUR CURRENT EDUCATOR ADVISORY COMMITTEE IS TO LEVERAGE THE INSIGHTS AND EXPERIENCES OF SCHOOL LEADERS TO ENHANCE THE FUND'S INITIATIVES AND STRENGTHEN THE COMMUNITY OF EDUCATIONAL LEADERS IN THE CITY.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,524,752
Program Service Revenue $0
Investment Income $395,618
Other Revenue $2,874
TOTAL REVENUE $6,923,244

Expense Breakdown

Grants Paid $904,039
Salaries & Benefits $3,038,743
Fundraising Expenses $201,630
Program Expenses $5,546,379
Other Expenses $2,511,054
TOTAL EXPENSES $6,453,836

Year-over-Year Comparison

2023 2022 Change
Revenue $6,923,244 $24,687,762 -0.7%
Expenses $6,453,836 $5,895,317 +0.1%
Net Income $469,408 $18,792,445 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
22
Independent Members
22
Employees
43
Volunteers
22

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$416,207
Total Directors
23
$0
Key Employees
3
$604,430
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRENT GLEDHILL CHAIR 4.00
Officer Director
$0 $0 $0
HELEN ZELL VICE CHAIR 2.00
Officer Director
$0 $0 $0
BARBARA MALOTT KIZZIAH SECRETARY 2.00
Officer Director
$0 $0 $0
JILL GARLING TREASURER 4.00
Officer Director
$0 $0 $0
ELLEN ALBERDING DIRECTOR 1.00
Director
$0 $0 $0
GILLIAN DARLOW DIRECTOR 1.00
Director
$0 $0 $0
JOHN DUGENSKE DIRECTOR 1.00
Director
$0 $0 $0
KIMBERLY EVANS DIRECTOR 1.00
Director
$0 $0 $0
JIM FRANK DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINA HERZOG DIRECTOR 1.00
Director
$0 $0 $0
KELLY HOWE DIRECTOR 1.00
Director
$0 $0 $0
STUART LUCAS DIRECTOR 1.00
Director
$0 $0 $0
KAREN MAY DIRECTOR 1.00
Director
$0 $0 $0
SIDDHARTH MEHTA DIRECTOR 1.00
Director
$0 $0 $0
ANTHONY MILLER DIRECTOR 1.00
Director
$0 $0 $0
AUYANA ORR DIRECTOR 1.00
Director
$0 $0 $0
JESSE RUIZ DIRECTOR 1.00
Director
$0 $0 $0
ANDREA SAENZ DIRECTOR 1.00
Director
$0 $0 $0
PENNY BENDER SEBRING DIRECTOR 1.00
Director
$0 $0 $0
ERIC SMITH DIRECTOR 1.00
Director
$0 $0 $0
DAVID VITALE DIRECTOR 1.00
Director
$0 $0 $0
DANDRE J WEAVER DIRECTOR 1.00
Director
$0 $0 $0
JUDY POMERANZ DIRECTOR THRU 1/20/23 1.00
Director
$0 $0 $0
HEATHER Y ANICHINI PRESIDENT & CEO 55.00
Officer
$365,875 $50,332 $416,207
NELSON GEREW CHIEF PUBLIC AFFAIRS OFFICER 40.00
Key Emp
$210,000 $8,923 $218,923
MARIEL LAUREANO DIRECTOR, EDUCATOR SUPPORTS 40.00
Key Emp
$176,308 $32,072 $208,380
JULIE BURNETT DIRECTOR, PARTNERSHIP AND INNOVATION 40.00
Key Emp
$161,151 $15,976 $177,127
ANNIE BRINGEWATT DIRECTOR, DATA & STRATEGY 40.00
Highest
$121,709 $6,975 $128,684
ESTHER LEE DIRECTOR, PEOPLE AND OPERATIONS 40.00
Highest
$120,412 $6,716 $127,128
BRIDGET LEE DIRECTOR, ENGAGEMENT/DEVELOPMENT 40.00
Highest
$141,488 $17,105 $158,593
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $6,923,244 $6,453,836 $41,819,615 $469,408
2022 $24,687,762 $5,895,317 $40,657,031 $18,792,445
2021 $5,321,467 $5,548,637 $21,727,022 $-227,170
2020 $2,833,776 $4,727,727 $21,173,102 $-1,893,951
2019 $6,280,980 $5,085,823 $23,045,007 $1,195,157
2018 $11,278,857 $4,502,503 $21,901,790 $6,776,354
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