2024-05-30T11:17:04-07:00 2023-06-30 811008721 MissionFirst Accounting PC PO Box 916 Saint Charles IL 60174 990 2022-07-01 363450898 LANE TECH ALUMNI ASSOCIATION INC LANE 7739359351 3525 W Peterson Unit 105 Chicago IL 60659 Michelle Weiner Executive Director 7739359351 2024-05-30 1 Michelle Weiner 999009999 1 Linda Swick P01897488 6308785256 2024-05-30 1 11 0 AAL2 2022 2023-04-26 12:10:37Z Michelle Weiner 3525 W Peterson Unit 105 Chicago IL 60659 389112 0 X www.lanetechalumni.org X 1986 IL To champion the life-long relationship of Lane Tech graduates to their alma mater, to one another, and to the greater community of Lane Tech. 21 21 3 106 0 0 444952 303712 0 13183 -57155 37006 14616 20976 402413 374877 174041 160214 0 0 59497 85148 0 0 16717 85139 79657 318677 325019 83736 49858 900336 961002 106866 116503 793470 844499 To champion the life-long relationship of Lane Tech graduates to their alma mater, to one another, and to the greater community of Lane Tech. The Lane Tech Alumni Association will set the gold standard for a dynamic, intergenerational alumni organization affiliated with an urban, public high school. The Lane Tech Alumni Association provides exceptional member services and impactful philanthropic programs that create meaningful connections, celebrate the school's history and culture, and support life-long learning. 0 0 136614 135000 155587 In year thirty-seven, the LTAA Scholarship Program remains the cornerstone philanthropic initiative for the LTAA with a cumulative total of more than 2.8 million dollars administered over the lifespan of the program. In FY2022/23, thirty-three graduating seniors received scholarships ranging from $1,000 to $10,000, setting them on a path for success for at least their freshman year, and in some cases, for four years. 36% of the students at Lane Tech are from low or moderately low-income families. Many are from immigrant families, single parent homes, first generation college-bound, and all have some level of financial need, still compounded by COVID-related economic stressors. LTAA scholarships provide "last mile" financing so that the high-potential students of Lane can attend their best-fit institutions. The LTAA solicits scholarship donors, designs and administers the programs, distributes funds, and documents the results. 23758 23758 19786 The LTAA Teacher Innovation Grant Program was established in 2010 to offset system-wide budget deficiencies and promote a best-in-class curriculum. The cumulative total of innovation awards has exceeded $308,000 since the program's inception. Grants were a key part of re-invigorating in-person learning and provided everything from robot parts to student participation in a Model UN Conference. These grants touch virtually every one of the more than 4,500 students at Lane and enable the faculty and staff to offer more programs and extracurricular activities than any other CPS high school. The Grant Program is a critical component of a holistic approach in support of the students of Lane Tech through educational enhancements, college-readiness, and access to higher education. 87917 0 58039 Connecting people and community-building is a primary focus of the LTAA. Constituent groups include over 9,000 alumni, 4500 students and 350 faculty and staff, as well as affinity groups, neighbors and friends. The LTAA publishes a biannual magazine that reaches more than 4,000 readers, and a digital newsletter two times per month. The LTAA engages various social media platforms with a combined 20,000 followers, and tracks hundreds of thousands of impressions. COVID-19 resulted in an even greater reliance on technology to bring constituents together via virtual events, and once permittable, monthly live events were offered to alumni in response to the isolation of the previous years. 0 0 0 248289 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 IL X Michelle Weiner 7739359351 3525 W Peterson Unit 105 Chicago IL 60659 Michelle Weiner Executive Director 32.00 0 X 24501 0 0 Jim Ascot Board Member 2 0 X 0 0 0 Deidre Baumann Board Member 2 0 X 0 0 0 Stuart Eng Board Member 2 0 X 0 0 0 Fred Glure Board Member 2 0 X 0 0 0 Paul Gonley Board Member 2 0 X 0 0 0 Jim Guerin Board Member 2 0 X 0 0 0 Cory Gunderson Board Member 2 0 X 0 0 0 Leslie Jackson Board Member 2 0 X 0 0 0 Luis Jimenez Board Member 2 0 X 0 0 0 Kim Kidd Board Member 2 0 X 0 0 0 Joe Lawniczak Board Member 2 0 X 0 0 0 Avrom Litin Board Member 2 0 X 0 0 0 Jon Masunaga Board Member 2 0 X 0 0 0 Tod McElhaney Board Member 2 0 X 0 0 0 Marie McJilton Board Member 2 0 X 0 0 0 Kevin Sheldon Board Member 2 0 X 0 0 0 Marion Synowiec Board Member 2 0 X 0 0 0 Herbert Berg President 2 0 X X 0 0 0 Melissa Reardon Henry Vice President 2 0 X 0 0 0 Joanna Perez Secretary 2 0 X X 0 0 0 24501 0 0 0 0 0 0 0 0 23970 3620 0 0 276122 100 303712 Member Events 900099 13183 13183 0 0 0 0 0 0 13183 37006 37006 0 0 0 0 0 0 0 0 0 0 0 0 0 0 23010 3620 9450 13560 0 13560 7418 4785 2633 2633 0 0 4783 0 0 4783 4783 374877 52822 0 18343 25214 25214 135000 135000 0 0 0 0 79248 37094 34315 7839 0 0 0 0 0 0 0 0 0 0 0 0 5900 2675 2625 600 10599 0 10599 0 200 50 150 0 16595 10913 5175 507 5185 2252 1588 1345 15896 7948 3179 4769 1926 33 1507 386 4240 2120 849 1271 Member Events and Services 25016 24990 26 0 0 0 0 0 325019 248289 60013 16717 199032 44986 619872 880338 0 20000 0 0 0 0 0 0 0 3123 4046 2244 2058 76065 0 0 0 0 9574 900336 961002 86 2472 106780 114031 0 0 0 0 0 0 106866 116503 X 534081 569242 259389 275257 793470 844499 900336 961002 49858 1171 0 0 0 0 X 0 1 X 1 0 X 203477 181749 196550 298900 303712 1184388 10875 10881 9810 10866 43610 86042 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3 0 0 3 214352 192630 206363 309766 347322 1270433 19775 39465 40593 99833 37500 32023 119906 189429 0 0 57275 71488 160499 289262 981171 37902 28949 24454 24508 37006 152819 0 0 0 0 0 0 37902 28949 24454 24508 37006 152819 0 0 0 0 0 0 0 0 0 12280 4783 17063 252254 221579 230817 346554 389111 1440315 0.68122 0.7745 0.10610 0.11575 X Schedule A, Part III, Line 12 Miscellaneous Income $4,783 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 X 376049 1172 0 0 0 1172 374877 0 0 0 374877 325019 0 0 0 0 0 325019 0 0 0 325019 Schedule D, Part X, Line 2 LTAA is a nonprofit organization exempt from federal income taxes under Section 501(c)(3) of the United States Internal Revenue Code (the "Code"), except to the extent it has unrelated business income. The Organization follows the guidance of Accounting Standards Codification (ASC 740), Accounting for Income Taxes , related to uncertainties in income taxes, which prescribes a threshold of more likely than not for recognition and derecognition of tax positions taken or expected to be taken in a tax return. There are no such uncertain tax positions for the Organization for the year ended June 30, 2023. For federal income tax purposes, the tax returns essentially remain open for possible examination for a period of three years after the respective filing deadlines of those returns. Golf Outing 26630 3620 23010 0 0 4233 2566 0 2651 0 0 26630 3620 23010 0 0 4233 2566 0 2651 9450 13560 1 Lane Tech College Prep High School 2501 W Addison St Chicago IL 60618 364279013 25214 0 Teacher Innovation Grants 1 0 Scholarships for Lane Tech seniors. Nine students received more than $5,000. 28 135000 0 Schedule I, Part I, Line 2 LTAA Grant Program: An LTAA committee makes awards based on published guidelines. Recipients are required to report on actual use of funds and the impact of the program or activity on student learning. Scholarship Program: A committee considers scholarship applications and makes awards according to published guidelines and available funds. Scholarship recipients are expected to report back to the committee and donors on how the funds were used and the impact the scholarship had on their academic progress and goals. Form 990, Part VI, Section B, Line 11b A draft of the Form 990 and accompanying schedules is reviewed by the Executive Committee. After comments and questions are resolved, a copy is sent to the full Board. The return is then efiled. Form 990, Part VI, Section B, Line 12c In accordance with our conflict of interest policy, board members, officers, and employees are required to disclose all actual and potential conflicts of interest. They also review and sign the policy annually attesting to their compliance Form 990, Part VI, Section B, Line 15 The annual process for determining compensation is as follows: The LTAA Executive Committee shall annually evaluate the Primary Employee(s) on his/her performance and ask for his/her input on matters of performance and compensation. The Executive Committee will obtain research and information to make a recommendation to the full board for the compensation (salary and benefits) of the Primary Employee based on a review of comparability data for similarly qualified individuals in comparable positions at similar organizations. To approve the compensation for the Primary Employee and other compensated employees the board will document how it reached its decisions, including the data on which it relied, in minutes of the meeting during which the compensation was approved. Form 990, Part VI, Section C, Line 19 The LTAA enjoys a Gold rating for transparency from Guidestar/Candid and a 96pt/4-star rating from Charity Navigator where form 990 and related information can be viewed". Governing documents, financial statements and conflict of interest policy are available to voting members via request in person, by telephone or email.