2024-03-01T16:11:54-06:00 2023-06-30 362938874 OSTROW REISIN BERK & ABRAMS LTD 455 N CITYFRONT PLAZA DR SUITE 1600 CHICAGO IL 60611 990 2022-07-01 271071296 LEGAL PREP CHARTER ACADEMIES LEGA 7739227800 4319 WEST WASHINGTON BOULEVARD CHICAGO IL 606242232 SAM FINKELSTEIN CEO 7739227800 2024-02-29 1 SAM FINKELSTEIN 999009999 0 JAMES G QUAID P00641738 3126707444 2024-02-29 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SAM FINKELSTEIN 4319 WEST WASHINGTON BOULEVARD CHICAGO IL 606242232 4911681 0 X WWW.LEGALPREP.ORG X 2009 IL LEGAL PREP WAS CREATED TO OPEN A LEGAL-THEMED CHARTER HIGH SCHOOL IN A HIGH-NEED CHICAGO COMMUNITY. 20 20 59 225 0 0 4601446 4757013 141989 139368 0 0 -33252 -32132 4710183 4864249 0 0 0 0 2913171 2853210 0 0 62346 1620988 1592729 4534159 4445939 176024 418310 6701442 6938171 5424799 5243218 1276643 1694953 THE SCHOOL'S MISSION IS TO PREPARE CHICAGO'S YOUTH TO SUCCEED IN COLLEGE AND IN LIFE. THROUGH A RIGOROUS CURRICULUM AND A CULTURE OF HIGH EXPECTATIONS, THE SCHOOL WILL EMPOWER ITS STUDENTS TO ACHIEVE THEIR FULL POTENTIAL. 0 0 4020696 139368 LEGAL PREP WAS CREATED TO OPEN A LEGAL-THEMED CHARTER HIGH SCHOOL IN A HIGH-NEED CHICAGO COMMUNITY. THE SCHOOL OPENED ITS FACILITY TO STUDENTS IN AUGUST 2012. THE SCHOOL SERVED 254 STUDENTS AT THE FRESHMAN, SOPHOMORE, JUNIOR, AND SENIOR GRADE LEVELS FOR THE YEAR ENDED JUNE 30, 2023. THE SCHOOL WILL PREPARE STUDENTS TO SUCCEED IN COLLEGE AND LIFE THROUGH A RIGOROUS CURRICULUM AND HIGH EXPECTATIONS. 4020696 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 59 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 20 0 0 1 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 IL X SAM FINKELSTEIN 7739227800 4319 WEST WASHINGTON BOULEVARD CHICAGO IL 606242232 SAMUEL FINKELSTEIN CEO & EX-OFFICIO MEMBER 40.00 X 144674 0 35157 RATHER STANTON TREASURER AND FORMER COO 5.00 X X 85434 0 13565 BRYAN WESTHOFF PRESIDENT 5.00 X X 0 0 0 HEATHER FINE SECRETARY 5.00 X X 0 0 0 BRENDAN BARRETT MEMBER 5.00 X 0 0 0 JASON BROWN MEMBER 5.00 X 0 0 0 PAUL CHADHA MEMBER 5.00 X 0 0 0 MARK DEMONTE MEMBER 5.00 X 0 0 0 RYAN DUNIGAN MEMBER 5.00 X 0 0 0 BILL HARDIN MEMBER 5.00 X 0 0 0 PATRICK HENDRICKS MEMBER 5.00 X 0 0 0 JOSE ISASI MEMBER 5.00 X 0 0 0 KRISTOPHER KEYS MEMBER 5.00 X 0 0 0 WENDY KORNICK FRIEDMAN MEMBER 5.00 X 0 0 0 TOM LAFRANCE MEMBER 5.00 X 0 0 0 WALTER PRYOR MEMBER 5.00 X 0 0 0 OSCAR ROMERO MEMBER 5.00 X 0 0 0 DAVID SUSLER MEMBER 5.00 X 0 0 0 CRISTEL TURNER MEMBER 5.00 X 0 0 0 GREG WU MEMBER 5.00 X 0 0 0 ELIE ZENNER MEMBER 5.00 X 0 0 0 230108 0 48722 1 0 1 0 0 150465 4366817 239731 19194 4757013 FOOD SERVICE REVENUE 611110 82524 82524 STUDENT ACTIVITIES 611110 56844 56844 139368 15300 150465 47432 -32132 -32132 4864249 139368 0 -32132 198360 158688 39672 2061474 1916103 100883 44488 178626 165350 9534 3742 310717 289102 14860 6755 104033 95711 6242 2080 47946 47946 75315 66225 9090 21124 15843 5281 25390 23359 2031 188171 188171 251890 231739 20151 19985 18386 1599 305263 305263 188658 173565 15093 65961 65961 STUDENT EXPENSES 177136 177136 CPS ADMINISTRATIVE FEE 95796 95796 FOOD SERVICE 94908 94908 TEXTBOOKS AND EDUCATION 35186 35186 4445939 4020696 362897 62346 266887 797743 287474 154584 19197 1791 7906106 1923053 6126884 5983053 1000 1000 6701442 6938171 224626 225673 5200173 5017545 5424799 5243218 X 1276643 1694953 1276643 1694953 6701442 6938171 418310 0 X 0 1 X 1 0 X 4649238 4749300 5128900 4601446 4757013 23885897 4649238 4749300 5128900 4601446 4757013 23885897 23885897 23885897 684287 1.00000 1.00000 X 194814 194814 7362045 1831825 5530220 349247 91228 258019 5983053 X 5033297 121616 47432 169048 4864249 0 4864249 4614987 121616 47432 169048 4445939 0 4445939 PART X, LINE 2: THE SCHOOL 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 SCHOOL IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. THE SCHOOL HAS ADOPTED THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS AND MANAGEMENT HAS DETERMINED THAT THE SCHOOL WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 47,432. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 47,432. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL HAS A NONDISCRIMINATORY POLICY. A COPY IS AVAILABLE UPON REQUEST. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES FEDERAL AND STATE GRANTS THROUGH VARIOUS GOVERNMENTAL AGENCIES, INCLUDING CHICAGO PUBLIC SCHOOLS. DINNER 134732 126032 8700 18300 3500 4000 4985 GOLF OUTING 22597 18397 4200 7234 3663 1 8436 6036 2400 3845 405 1500 165765 150465 15300 25534 7345 4405 10148 47432 -32132 X 0 0 0 0 0 0 0 0 0 SAMUEL FINKELSTEIN CEO & EX-OFFICIO MEMBER 144674 0 0 0 0 0 8238 0 26919 0 179831 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION MADE CHANGES TO ITS BYLAWS DURING THE YEAR ENDED JUNE 30, 2023. EMPLOYEES OF THE ORGANIZATION MAY SERVE AS NON-VOTING DIRECTORS AND THE BOARD OF DIRECTORS SHALL INCLUDE AT LEAST ONE PARENT OR GUARDIAN OF A PUPIL CURRENTLY ENROLLED IN THE CHASTER SCHOOL. ADDITIONALLY, THE OFFICERS OF THE ORGANIZATOIN SHALL BE A CHIEF EXECUTIVE OFFICER, A PRESIDENT WHO SHALL SERVE AS CHAIRMAN OF THE BOARD, ONE OR MORE VICE-PRESIDENTS, A SECRETARY, A TREASURER, AND SUCH OTHER OFFICERS OR ASSISTANT OFFICERS AS MAY BE ELECTED OF APPOINTED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DID NOT HAVE ANY SUCH MEETINGS DURING THE YEAR. AS THE ORGANIZATION BUILDS OUT THEIR COMMITTEE STRUCTURE, WHICH IS IN PROGRESS, IT WILL KEEP RECORD OF THOSE ACTIONS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY THE ORGANIZATION'S CPA FIRM, IN CONSULTATION WITH THE CEO & FOUNDER. A DRAFT COPY OF THE RETURN IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE. A COPY OF THE FINAL RETURN IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, EACH BOARD MEMBER MUST ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: A) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY B) HAS READ AND UNDERSTANDS THE CONFLICT OF INTEREST POLICY C) HAS AGREED TO COMPLY WITH THE CONFLICT OF INTEREST POLICY, AND D) UNDERSTANDS THAT THE CORPORATION IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS, BY AFFIRMATIVE VOTE OF A MAJORITY OF DIRECTORS THEN IN OFFICE AND IRRESPECTIVE OF ANY PERSONAL INTEREST OF ANY DIRECTOR, SHALL HAVE AUTHORITY TO ESTABLISH REASONABLE COMPENSATION OF ALL CORPORATE OFFICERS FOR THEIR SERVICES. FORM 990, PART VI, SECTION C, LINE 19 LEGAL PREP FURNISHES COPIES OF ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY UPON REQUEST.