Alternative Schools Network EIN 23-7375976

Alternative Schools Network

EIN  23-7375976 Public charity (501(c)(3)) Chicago, IL Founded 1973
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/9/26 · see original filing: IRS
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Size
$10–100M
What they do
Develops quality educational programs for urban residents, leading to college and careers.
Leadership
Jack Wuest · Executive Director · $305K
Money in and out
$22.3M revenue, $23.0M expenses
Bottom line
91% program efficiency

Develops quality educational programs for urban residents, leading to college and careers. For fiscal year 2024 it reported $22.3M in revenue, $23.0M in expenses, and $-201K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$22.3M
Pt VIII · Ln 12
Total expenses
$23.0M
Pt IX · Ln 25
Net assets
$-201K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$710K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.08 Fundraising $0.00
Program efficiency
91%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
0.0mo
months of highly liquid reserves at operating expense rate▼ -100% vs prior filing year
Surplus margin
-3%
revenue over expenses, this year▼ -127% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$22.3M
FY2024▼ -9%
Expenses
$23.0M
FY2024▼ -7%
Total assets
$5.7M
FY2024▲ +10%
Total liabilities
$5.9M
FY2024▲ +29%
Total revenue
$22.3M
Pt VIII · Ln 12
Total expenses
$23.0M
Pt IX · Ln 25
Net assets
$-201K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$710K
Total assetsPt X · Ln 16$5.7M
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $8.6M of program spending, described in the organization's own filed words · FY2024.
01

The reenrolled student program ("RSP") is a collaboration between asn and the illinois community college board ("iccb"). The RSP provides expanded academic and wraparound services to over 450 out-of-school teens annually through programs centered in community-based alternative high schools across chicago.

$3.9Mprogram expense
02

Asn, in collaboration with the illinois department of children and family services ("idcfs"), has developed a program with 15 community-based alternative high schools to provide opportunities for youths who are out of school and do not have a high school diploma or general educational development ("ged") equivalent.

$3.9Mprogram expense
03

Youth experiencing success provides academic and mentoring and career pathway services to out-of-school youths. 11 schools participate in the program, which serves over 200 students citywide. Students are enrolled and linked to an on-site mentor, who provides them with counseling, assessment, support services, and advocacy.

$850Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAlternative Schools Network
EINHdr · item D23-7375976
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jwww.asnchicago.org
Year of formationHdr · item L1973
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJun 1974

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$305,382Pt VII · Sec A
Asistant Executive Director
$156,045Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Jack Wuest$305,382$309,396$333,278$229,411$229,411$228,893
Matrice Manuel$156,045$156,465

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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Statement of Revenue

Part VIII
Contributions & grants100%$22.3M
Program service revenue$8K
Investment income$2K
— government grantsLn 1e$22.1M
Total revenueLn 12$22.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.08 Fundraising $0.00
Program services91%$21.1M
Management & general8%$1.9M
Fundraising$18K
Total functional expensesLn 25$23.0M

Balance Sheet

Part X · end of year
CashLn 1$19K
Total assetsLn 16$5.7M
Total liabilitiesLn 26$5.9M
Total net assetsLn 32$-201K
Months of cash on handcomputed0.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $19K · Operating expenses/yr $23.0M
0.0 months
Where the money goes
Program services
Program services $21.1M · Total expenses $23.0M
91%
Management & General
Management & general $1.9M · Total expenses $23.0M
8%
Fundraising
Fundraising $18K · Total expenses $23.0M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $19K · Solicited contributions (3-yr avg) $93K
$0.20 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $22.3M · Total revenue $22.3M
100%
Government reliance
Government grants $22.1M · Total revenue $22.3M
99%
Earned-income share
Program service revenue $8K · Total revenue $22.3M
0%
Investment reliance
Investment income $2K · Total revenue $22.3M
0%
Program self-sufficiency
Program service revenue $8K · Total expenses $23.0M
0%
Growth & trend
Revenue growth (YoY)
This year $22.3M · Prior year $24.5M
-9%
Revenue CAGR
FY2019 $12.0M · FY2024 $22.3M
+13%
Net-asset trend (YoY)
End of year $-201K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $22.3M · Expenses $23.0M
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $5.7M
Net-asset ratio
Net assets $-201K · Total assets $5.7M
-4%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $5.7M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jack Wuest · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $305K · Total expenses $23.0M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $5.4M · Total expenses $23.0M
23%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 8%
Fundraising cost ratio 0%
Revenue growth -9%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$816K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$24.5M revenue · ⤓ 990 PDF
FY2023$21.2M revenue · ⤓ 990 PDF
FY2022$14.2M revenue · ⤓ 990 PDF
FY2021$15.1M revenue · ⤓ 990 PDF
FY2020$12.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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