2023-09-28T11:31:52-05:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 2021 SPRING ROAD SUITE 200 OAK BROOK IL 60523 990 2022-01-01 453582524 ACERO MARQUEZ CAMPUS INC ACER 3126373900 18 S MICHIGAN AVENUE 900 CHICAGO IL 60603 RICHARD VALERGA PRESIDENT 3126373900 2023-09-26 1 RICHARD VALERGA 999009999 0 JAMES R THOMAS P00095586 6305738600 2023-09-26 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RICHARD VALERGA 18 S MICHIGAN AVENUE 900 CHICAGO IL 60603 22741 0 X N/A X 2011 IL THE ORGANIZATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE EDUCATIONAL PURPOSES OF ACERO CHARTER SCHOOLS, INC. 3 0 0 0 22741 0 0 0 0 0 0 0 251136 22741 251136 22741 0 0 0 0 0 0 0 0 0 236268 234404 236268 234404 14868 -211663 9779593 9545189 7476613 7453872 2302980 2091317 THE ORGANIZATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE EDUCATIONAL PURPOSES OF ACERO CHARTER SCHOOLS, INC. 0 0 234404 0 ACQUIRE, OWN, HOLD, LEASE, OPERATE, MANAGE, MAINTAIN, DEVELOP AND IMPROVE THE MARQUEZ CAMPUS PROPERTY. 234404 1 0 0 0 0 0 0 0 0 0 1 0 0 0 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 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 0 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X EDWIN MORALES 3126373900 18 S MICHIGAN AVENUE SUITE 900 CHICAGO IL 60603 RICHARD VALERGA PRESIDENT 1.00 40.00 X X 0 198372 20460 MIGUEL TOVAR VICE PRESIDENT 3.00 40.00 X X 0 181104 27000 HELENA STANGLE TREASURER 1.00 40.00 X X 0 187104 18710 SIMON YOHANAN SECRETARY 1.00 1.00 X X 0 0 0 0 566580 66170 3 0 1 0 0 EXTINGUISHMENT OF TAX 531390 22741 22741 22741 22741 0 22741 0 234404 234404 234404 234404 0 0 12322689 2777551 9779542 9545138 51 51 9779593 9545189 7476613 7453872 7476613 7453872 X 2302980 2091317 2302980 2091317 9779593 9545189 -211663 0 X X 0 1 X 1 0 X X 1 ACERO CHARTER SCHOOLS INC 364235934 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 11: ACERO MARQUEZ CAMPUS, INC. DOES NOT RECEIVE GIFTS OR CONTRIBUTIONS FROM ITS SUPPORTING ORGANIZATION, ACERO CHARTER SCHOOLS, INC., NOR FROM ANY PARTY RELATED TO ACERO CHARTER SCHOOLS, INC. 2786478 2786478 9376176 2617516 6758660 160035 160035 0 9545138 DUE TO RELATED PARTY 7453872 7453872 X PART X, LINE 2: THE CORPORATION IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECION 501(A) OF THE IRC. IN ADDITION, THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE CORPORATION IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE IRC. THE CORPORATION HAS DETERMINED THAT IT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND THAT NO LIABILITY RELATED TO UNCERTAIN TAX POSITIONS IS REQUIRED FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021. 0 0 0 0 0 0 0 0 0 RICHARD VALERGA PRESIDENT 0 187872 0 10500 0 0 0 0 0 20460 0 218832 0 0 MIGUEL TOVAR VICE PRESIDENT 0 170604 0 10500 0 0 0 0 0 27000 0 208104 0 0 HELENA STANGLE TREASURER 0 176604 0 10500 0 0 0 0 0 18710 0 205814 0 0 SCHEDULE J, PART III THE FILING ORGANIZATION RELIED ON A RELATED ORGANIZATION TO ESTABLISH COMPENSATION FOR THE ORGANIZATION'S PRESIDENT AND CEO. THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION. THE RELATED ORGANIZATION REVIEWS THE COMPENSATION MARKET RATE FOR INDIVIDUALS IN COMPARABLE POSITIONS THRU WEBSITES FOR COMPARABILITY PRIOR TO PRESENTING THE COMPENSATION PACKAGE TO THE INDEPENDENT BOARD OF DIRECTORS. THIS DOES NOT INCLUDE THOSE INDIVIDUALS WHOSE COMPENSATION IS BEING CONSIDERED. THE INDEPENDENT BOARD OF DIRECTORS REVIEW THE REASONABLENESS OF THE COMPENSATION ARRANGEMENT AND APPROVAL IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION A, LINE 1A THE ORGANIZATION'S EXECUTIVE COMMITTEE IS COMPOSED OF THE OFFICERS AND NOT MORE THAN TWO ADDITIONAL DIRECTORS DESIGNATED BY THE BOARD OF DIRECTORS. DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, THE EXECUTIVE COMMITTEE HAS AND MAY EXERCISE ALL OF THE AUTHORITY AND POWERS AND PERFORM ALL OF THE DUTIES OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE ORGANIZATION, TO THE FULLEST EXTENT PERMITTED BY LAW, THE BY-LAWS AND THE RESOLUTIONS OF THE BOARD OF DIRECTORS, AND SHALL HAVE AND MAY EXERCISE SUCH FURTHER SPECIFIC POWERS AS MAY FROM TIME TO TIME BE CONFERRED UPON THE EXECUTIVE COMMITTEE BY RESOLUTION OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE SHALL HAVE NO POWER OR AUTHORITY OF THE BOARD OF DIRECTORS WITH RESPECT TO THE FOLLOWING MATTERS: (I) AMENDING OR REPEALING THESE BY-LAWS OR ADOPTING NEW BY-LAWS; OR (II) AMENDING OR REPEALING ANY RESOLUTION OF THE BOARD OF DIRECTORS. ALL ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE SHALL BE SUBJECT TO REVISION OR ALTERATION BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATES CONTROL OVER MANAGEMENT DUTIES TO ACERO CHARTER SCHOOLS, INC. THE TREASURER OF THE CORPORATION AND CFO OF ACERO PERFORMS ACCOUNTING SERVICES RELATED TO CASH RECEIPTS, DISBURSEMENT, GENERAL LEDGER MAINTENANCE AND RECONCILIATIONS. THE CORPORATION HAS LIMITED TRANSACTIONS WHICH ARE REPETITIVE IN NATURE AND ARE MOSTLY RELATED TO THE COLLECTIONS OF RENTS AND MAKING PAYMENTS TO SATISFY DEBT AND RESERVE OBLIGATIONS. THOSE OFFICERS, DIRECTORS AND/OR FORMER BOARD MEMBERS ARE LISTED IN PART VII, SECTION A. THERE WERE NO AMOUNTS PAID TO ACERO FOR ITS MANAGEMENT SERVICES. FORM 990, PART VI, SECTION A, LINE 7A ACCORDING TO THE BY-LAWS, THE CORPORATION IS OPERATED, SUPERVISED, OR CONTROLLED BY ACERO CHARTER SCHOOLS, INC. FURTHERMORE, AT ALL TIMES HERETO, THE MAJORITY OF THE DIRECTORS SHALL BE APPOINTED BY THE BOARD OF DIRECTORS OF ACERO CHARTER SCHOOLS, INC. FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER PRESENTS A FINAL DRAFT FORM 990 TO BOARD MEMBERS PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS DIRECTORS, PRINCIPAL OFFICERS, AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS WHO ARE REQUIRED TO ANNUALLY SIGN A STATEMENT TO ACT IN COMPLIANCE WITH THE POLICY. THE ORGANIZATION PERFORMS PERIODIC REVIEWS TO ENSURE THAT OPERATIONS ARE CONSISTENT WITH THE EXEMPT PURPOSE. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR AGREEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/ SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. THE MINUTES OF THE GOVERNING BOARD AND ALL COMMITTEES WITH BOARD DELEGATED POWERS DOCUMENT ANY PROCEEDINGS RELATED TO DISCLOSURES AND ACTIONS TAKEN. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT PUBLIC ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. ACERO CHARTER SCHOOLS INC 18 S MICHIGAN AVENUE SUITE 900 CHICAGO IL 60603 364235934 SCHOOL IL 501(C)(3) LINE 2 N/A 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0