Form 990 for the fiscal year ending June 2025 (IRS tax year 2024).
Status and standing
Where the money goes
Statement of Functional Expenses
Financial health
Summary of the Filing
Balance Sheet
Statement of Revenue
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 91% | — | — |
| Overhead ratio | 9% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | 8% | — | — |
| Legal fee ratio | 0.5% | — | — |
| Accounting fee ratio | 0.4% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Leadership and pay
Officers, Directors & Key Employees
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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| 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.
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Governance & Policies
Mission and programs
Improves learning by solving financial, space, and delivery challenges in a school district.
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Where the work happens
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.
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.
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.
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Funders
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Filing history
| Year | Revenue | Expenses | Change | Filing |
|---|---|---|---|---|
| FY2025 Latest Viewing | $11.7M | $9.3M | +8% | 990 PDF |
| FY2024 | $10.8M | $10.0M | +9% | 990 PDF |
| FY2023 | $9.9M | $8.7M | +8% | 990 PDF |
| FY2022 | $9.2M | $8.7M | -2% | 990 PDF |
| FY2021 | $9.4M | $8.7M | -6% | 990 PDF |
| FY2020 | $10.0M | $9.5M | 990 PDF |
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Schedules filed Part IV
Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.
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Sources
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