Better Business Bureau Report for
Noble Network of Charter Schools

Better Business Bureau Report issued October 2013
Better Business Bureau Report expires October 2015


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Noble Network of Charter Schools
Address: 1010 N. Noble Street
  Chicago, IL 60642
Phone: 773-278-6895
Web Address: http://www.noblenetwork.org
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Better Business Bureau Comments

Year, State Incorporated: 1999, Illinois
Affiliates: None
Stated Purpose: The Noble Network of Charter Schools prepares low-income students with the scholarship, discipline, and honor necessary to succeed in college and lead exemplary lives, and serves as a catalyst for education reform in Chicago.

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Evaluation Conclusions

              

Noble Network of Charter Schools meets the 20 Standards for Charity Accountability.
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Programs

              

Noble is the highest performing network of open-enrollment high schools in the city. Noble was founded by two high school teachers who wanted to create a safe nurturing public high school with high expectations for students and adults. Since opening the original campus in 1999, Noble has grown to 14 campuses serving 8,800 students across Chicago. Noble combines many of the same principles that have built successful businesses – strong leadership, meaningful use of data, and a high degree of accountability – with a culture of high expectations and consistent, sustained student support. This has resulted in high academic performance across all Noble campuses which consistently outperform CPS open-enrollment schools. Noble is committed to providing all students with the academic preparation necessary to enrolling and persisting in college.

For the fiscal year ended June 30, 2012, Noble Network of Charter Schools's program expenses were:

  
Program Expenses 69,073,996
Total Program Expenses: $69,073,996
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Governance

              

Chief Executive : Michael Milkie, Superintendent & Chief Executive Officer
Compensation*: 
$215,520

Chair of the Board: Allan Muchin
Chair's Profession / Business Affiliation: Of Counsel, Kattan Muchin Rosenman

Board Size: 18

Paid Staff Size:

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

direct mail, invitations to fund raising events, grant proposals, planned giving arrangements
Fund raising costs were 9% of related contributions. (Related contributions, which totaled $10,686,209, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on Noble Network of Charter Schools's audited financial statements for the fiscal year ended June 30, 2012.

Source of Funds  
Per-capita tuition 47,294,395
Contributions and grants 7,560,699
Special Education 4,916,029
Chapter 1 4,395,903
Contributed Services 4,136,397
Food Program 3,016,703
School fees 2,268,429
Title I 1,908,003
Facilities 1,902,299
Small Schools 826,950
Right Angle, A Noble Network Program 791,574
Startup Funds 745,471
Growth Funds 610,390
registration and tuition 546,889
ROTC 474,295
Uniform fees 368,389
other revenue 351,652
Title II 307,624
Interest and Dividends 265,318
night school fees 228,973
Summer School Fees 210,371
School Fundraising 76,778
English Language Learners 74,382
Contributed Goods and Services 32,029
Case Manager Stipends 29,246
Net unrealized gain on investments 27,343
Title III 7,300
Total Income $83,373,831


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Uses of Funds as a % of Total Expenses

Programs: 91%  Fund Raising: 1%  Administrative: 8% 

Total income $83,373,831
Program expenses $69,073,996
Fund raising expenses 926,433
Administrative expenses 6,431,449
Total expenses $76,431,878
Income in Excess of Expenses 6,941,953
Beginning net assets 28,001,889
Ending net assets 34,943,842
Total liabilities 54,666,298
Total assets $89,610,140


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