Northern Kane Educational Corp

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To facilitate lifelong, high achievement learning. Continuously addressing financial, space, and Educational delivery issues within a large school district.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-2059533) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Run by 375 volunteers and 147 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $1.0M a year · 10% of revenue · last 6 filings
A surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
91% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$555K
to officers and key staff · 6% of spending
Pay to officers and key staff is 6% of spending.
Part VII, Section A
24.8 mo
of spending, in cash
24.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $360
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$27.1M
83% of total assets
Liabilities are 83% of assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
6 of 6 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$11.7M
+8% vs prior year
Spent
$9.3M
To programs
91%
Net assets
$5.6M
By yearFY2020–FY2025
Revenue
$11.7M
FY2025▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$10.0M
FY2021$9.4M
FY2022$9.2M
FY2023$9.9M
FY2024$10.8M
FY2025$11.7M
Expenses
$9.3M
FY2025▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$9.5M
FY2021$8.7M
FY2022$8.7M
FY2023$8.7M
FY2024$10.0M
FY2025$9.3M
Net assets
$5.6M
FY2025▲ +78%
Tap a bar for its year
Net assets by fiscal year
FY2020$4K
FY2021$589K
FY2022$1.1M
FY2023$2.3M
FY2024$3.1M
FY2025$5.6M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $8.4M Management & general 9% · $878K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

12 people listed on the 990; $555K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$166,399Pt VII · Sec A
Human Resources
$100,674Pt VII · Sec A
Asst Principal
$100,376Pt VII · Sec A
Secretary
$73,951Pt VII · Sec A
$61,047Pt VII · Sec A
Director of Finance
$52,962Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A

Mark Rasar’s $166K as CEO is at the 23rd percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Mark Rasar$166,399$13,848————
William Doran—$144,012————
Dr William Doran——$138,237$138,401——
Paul Troy$61,047$114,290$111,308$111,309——
Sean Masten—$109,047$106,148$103,795——
Sylvia J Polletta—————$107,727
Sylvia Poletta————$103,207—
Karissa Munger$100,674—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Northern Kane Educational Corp executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves learning by solving financial, space, and delivery challenges in a school district.

Questions for Northern Kane Educational Corp

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Your first name shows with your question. Northern Kane Educational Corp answers here, for everyone.

3 programs · $8.4M · in their own filed words · FY2024
01

Cambridge lakes charter school provides district 300 families with an alternative community school choice for students in kindergarten through eighth grade and the cambridge lakes academy for students in kindergarten through twelfth grade. During the 2024-25 school year, approximately 654 students were enrolled.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-2059533) · Dispute this line
$7.5Mprogram expense
02

Cambridge lakes preschool offers tuition-based preschool for 3 and 4 year olds using core knowledge curriculum with some underlying high scope methods. The children learn from illinois certified early childhood teachers. During the 2024-25 school year, approximately 115 students were enrolled.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-2059533) · Dispute this line
$654Kprogram expense
03

School's out provides students with learning enrichment for core subjects and opportunities to explore art, music, technology, fitness and sports. School's out summer fun provides daily camp experiences during the summer. School's out community fun serves adults and families.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-2059533) · Dispute this line
$233Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$360

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$11.7M
Ln 12
Fees for servicesLn 2g$9.3M
Gifts and grantsLn 1h$2.2M
Investment incomeLn 3$273K
Money outPt IX
$9.3M
Ln 25
Programscol B$8.4M
Managementcol C$878K
Owns and owesPt X
$5.6M
net assets · Ln 32
Cash and savingsLn 1–2$19.1M
Total assetsLn 16$32.7M
LiabilitiesLn 26$27.1M
PeoplePt VI, VII
12
listed · VII A
PaidVII A6
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.2M
Government grantsLn 1e$2.2M
Fees for servicesLn 2g$9.3M
Investment incomeLn 3$273K
Gains on assetsLn 7−$19K
Total revenueLn 12$11.7M
Assets in detailPt X, end of year
CashLn 1$5.6M
SavingsLn 2$13.5M
Cash and savings togetherLn 1–2$19.1M
Pledges and grants receivableLn 3$533K
Accounts receivableLn 4$49K
Prepaid expenses and deferred chargesLn 9$73K
Land, buildings, equipmentLn 10c$12.9M
Total assetsLn 16$32.7M
LiabilitiesLn 26$27.1M
Net assetsLn 32$5.6M
OperationsPt I, VI
EmployeesI 5147
VolunteersI 6375
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$24.7M
Bond issues listedSch K Pt I2
Raised by those issuesSch K Pt I$27.0M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$8.9M$19.1M
Land, buildings, equipmentLn 10c$11.4M$12.9M
Total assetsLn 16$21.0M$32.7M
LiabilitiesLn 26$17.8M$27.1M
Net assetsLn 32$3.1M$5.6M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$65K$65K
Pay of officers and key staff (Part IX, line 5)Ln 5$354K$354K
Other salaries and wagesLn 7$4.8M$4.7M$98K
Pension plan contributionsLn 8$116K$116K
Other employee benefitsLn 9$652K$627K$26K
Payroll taxesLn 10$191K$158K$33K
Legal feesLn 11b$47K$2K$45K
Accounting feesLn 11c$38K$38K
Other fees for servicesLn 11g$670K$622K$48K
Advertising and promotionLn 12$30K$27K$4K
Office expensesLn 13$159K$136K$23K
Information technologyLn 14$53K$33K$20K
OccupancyLn 16$261K$250K$11K
TravelLn 17$3K$2K$680
InterestLn 20$738K$726K$12K
Depreciation, depletion and amortizationLn 22$666K$655K$11K
InsuranceLn 23$138K$3K$135K
Other expenses (24a–d)Ln 24$265K$245K$20K
Total functional expensesLn 25$9.3M$8.4M$878K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Jan 21, 2026 $11.7M$9.3M$2.4M$5.6M 990 PDF
FY2024Filed with the IRS Jun 16, 2025 $10.8M$10.0M$804K$3.1M 990 PDF
FY2023Filed with the IRS Jul 11, 2024 $9.9M$8.7M$1.2M$2.3M 990 PDF
FY2022Filed with the IRS Jul 11, 2023 $9.2M$8.7M$503K$1.1M 990 PDF
FY2021Filed with the IRS Jul 12, 2022 $9.4M$8.7M$638K$589K 990 PDF
FY2020Filed with the IRS Jul 14, 2021 $10.0M$9.5M$468K$4K 990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations
See the full FY2025 990
Part I · Summary $11,696,159 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $207,847$2,167,655
I-9 Program service revenuePrior year $10,191,794$9,276,762
I-10 Investment incomePrior year $359,040$253,586
I-11 Other revenuePrior year $25,545−$1,844
I-12 Total revenuePrior year $10,784,226$11,696,159
I-13 Grants and similar amounts paidPrior year $107,127$65,330
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $6,158,463$6,132,651
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,714,420$3,066,915
I-18 Total expensesPrior year $9,980,010$9,264,896
I-19 Revenue less expensesPrior year $804,216$2,431,263
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $11,696,159 across 10 lines filed
Lines not itemized here account for $140,476 of total revenue; see the IRS return.
VIII-1e Government grants$2,167,254
VIII-1f All other contributions, gifts and grants$401
VIII-1h Total contributions, gifts and grants$2,167,655
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,132,765$9,132,765
VIII-3 Investment incomeExcluded from tax $272,573$272,573
VIII-6 Net rental income or lossExcluded from tax −$175−$175
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$18,987−$18,987
VIII-8 Net income from fundraising eventsExcluded from tax $1,847$1,847
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $5$5
VIII-12 Total revenueRelated to mission $9,276,762 · Unrelated business $0 · Excluded from tax $251,742$11,696,159
Part IX · Statement of functional expenses $9,264,896 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $65,330$65,330
IX-5 Pay of officers and key staff (Part IX, line 5)Management $353,786$353,786
IX-7 Other salaries and wagesPrograms $4,720,940 · Management $98,156$4,819,096
IX-8 Pension plan contributionsPrograms $116,145$116,145
IX-9 Other employee benefitsPrograms $626,519 · Management $25,893$652,412
IX-10 Payroll taxesPrograms $158,340 · Management $32,872$191,212
IX-11b Legal feesPrograms $1,773 · Management $44,738$46,511
IX-11c Accounting feesManagement $38,363$38,363
IX-11g Other fees for servicesPrograms $621,912 · Management $48,207$670,119
IX-12 Advertising and promotionPrograms $26,629 · Management $3,571$30,200
IX-13 Office expensesPrograms $136,340 · Management $22,788$159,128
IX-14 Information technologyPrograms $33,017 · Management $19,687$52,704
IX-16 OccupancyPrograms $249,544 · Management $10,991$260,535
IX-17 TravelPrograms $2,037 · Management $680$2,717
IX-20 InterestPrograms $726,009 · Management $12,220$738,229
IX-22 Depreciation, depletion and amortizationPrograms $655,177 · Management $10,773$665,950
IX-23 InsurancePrograms $2,946 · Management $134,779$137,725
IX-24 Other expenses (24a–d)Programs $244,634 · Management $20,100$264,734
IX-25 Total functional expensesPrograms $8,387,292 · Management $877,604 · Fundraising $0$9,264,896
Part X · Balance sheet $32,651,994 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $1,165,449$5,645,487
X-2 Savings and temporary cash investmentsStart of year $7,724,117$13,476,038
X-3 Pledges and grants receivableStart of year $479,604$533,321
X-4 Accounts receivableStart of year $46,019$49,389
X-9 Prepaid expenses and deferred chargesStart of year $153,103$73,224
X-10c Land, buildings and equipment, netStart of year $11,384,664$12,874,535
X-16 Total assetsStart of year $20,952,956$32,651,994
X-17 Accounts payable and accrued expensesStart of year $736,442$635,017
X-19 Deferred revenueStart of year $226,292$1,789,710
X-20 Tax-exempt bond liabilitiesStart of year $16,871,467$24,677,249
X-26 Total liabilitiesStart of year $17,834,201$27,101,976
X-27 Net assets without donor restrictionsStart of year $3,118,755$5,550,018
X-32 Total net assets or fund balancesStart of year $3,118,755$5,550,018
X-33 Total liabilities and net assetsStart of year $20,952,956$32,651,994
Part XI · Reconciliation of net assets $5,550,018 net assets at year end
XI-1 Total revenue$11,696,159
XI-2 Total expenses$9,264,896
XI-3 Revenue less expenses$2,431,263
XI-4 Net assets at start of year$3,118,755
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,550,018

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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