2025-03-05T21:21:14-06:00 2024-06-30 362938874 OSTROW REISIN BERK & ABRAMS LTD 455 N CITYFRONT PLAZA DR SUITE 1600 CHICAGO IL 60611 990 2023-07-01 271071296 LEGAL PREP CHARTER ACADEMIES LEGA 7739227800 4319 WEST WASHINGTON BOULEVARD CHICAGO IL 606242232 SAM FINKELSTEIN CEO 7739227800 2025-02-21 1 0 JAMES G QUAID P00641738 3126707444 2025-02-21 2023 2025-03-06 01:10:19Z SAM FINKELSTEIN 4319 WEST WASHINGTON BOULEVARD CHICAGO IL 606242232 5031137 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. 16 16 60 225 0 0 4757013 4935233 139368 45285 0 19329 -32132 -14740 4864249 4985107 0 0 0 0 2853210 3338869 0 0 47680 1592729 1643149 4445939 4982018 418310 3089 6938171 6904898 5243218 5206856 1694953 1698042 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 4549095 45285 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, 2024. THE SCHOOL WILL PREPARE STUDENTS TO SUCCEED IN COLLEGE AND LIFE THROUGH A RIGOROUS CURRICULUM AND HIGH EXPECTATIONS. 4549095 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 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 60 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 0 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 BRYAN WESTHOFF PRESIDENT 5.00 X X 0 0 0 HEATHER FINE SECRETARY 5.00 X X 0 0 0 RATHER STANTON TREASURER AND FORMER COO 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 KALIA COLEMAN 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 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 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 COURTNEY WELSTON MEMBER 5.00 X 0 0 0 ELIE ZENNER MEMBER 5.00 X 0 0 0 TOM LAFRANCE MEMBER - TERM 5.00 X 0 0 0 WALTER PRYOR MEMBER - TERM 5.00 X 0 0 0 GREG WU MEMBER - TERM 5.00 X 0 0 0 SAMUEL FINKELSTEIN CEO & EX-OFFICIO MEMBER 40.00 X 154547 0 35902 JOSEPH WILLIAMS PRINCIPAL 40.00 X 103297 0 10896 257844 0 46798 2 0 1 0 0 170368 4608465 156400 2650 4935233 STUDENT ACTIVITIES 611110 44163 44163 FOOD SERVICE REVENUE 611110 1122 1122 45285 19329 19329 31290 170368 46030 -14740 -14740 4985107 45285 0 4589 201934 161547 40387 2408249 2279749 104500 24000 209183 193432 11404 4347 386389 359287 18739 8363 133114 122465 7987 2662 50492 50492 127672 116906 10766 22631 16973 5658 25712 18859 4203 2650 208389 208389 270496 253651 16845 23073 21227 1846 293600 293600 198224 182365 15859 75780 75780 STUDENT EXPENSES 198001 198001 CPS ADMINISTRATIVE FEE 102215 102215 TEXTBOOKS AND EDUCATION 46864 46864 4982018 4549095 385243 47680 797743 526028 154584 117029 1791 4321 8018342 2121277 5983053 5897065 313258 1000 47197 6938171 6904898 225673 337637 5017545 4823022 0 46197 5243218 5206856 X 1694953 1698042 1694953 1698042 6938171 6904898 3089 0 X 0 1 X 1 0 X 4749300 5128900 4601446 4757013 4935233 24171892 130038 130038 4749300 5128900 4601446 4757013 5065271 24301930 24301930 19329 19329 24321259 610052 0.99920 1.00000 X 194814 194814 7442143 1781522 5660621 381385 339755 41630 5897065 OPERATING LEASE LIABILITY 46197 46197 X 5202471 171334 46030 217364 4985107 0 4985107 5199382 171334 46030 217364 4982018 0 4982018 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, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 46,030. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 46,030. 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 179323 160823 18500 14900 6000 4000 4190 GOLF OUTING 17226 5676 11550 10000 3177 1 5109 3869 1240 3151 412 200 201658 170368 31290 24900 9151 4412 7567 46030 -14740 X 0 0 0 0 0 0 0 0 0 SAMUEL FINKELSTEIN CEO & EX-OFFICIO MEMBER 154547 0 0 0 0 0 8135 0 27767 0 190449 0 0 0 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.