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  • 8/10/2019 Perspectives Charter Schools Annual Report 2011

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    OUR TREND OFSUCCESS CONTINUES

    2011ANNUAL REPORT

    JBrownP

    hotography

    Graduate:DorianHuffandStephanie

    Ibarra

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    Perspectives and other charter schools are showing that good

    things can happen when innovative and dedicated leaders work

    toward the common goal of accelerating student achievement.

    U.S. Secretary of Education Arne Duncan

    OURMISSION

    All Perspectives Charter Schoolswill provide students with a rigorousand relevant education, based onA Disciplined Life, that preparesthem for life in a changing worldand helps them further becomeintellectually reflective, caring andethical people engaged in ameaningful life.

    DEMONSTRATEPERSEVERANCE

    2011ANNUAL REPORT www.pcsedu.org 312.604.2200

    J

    BrownPhotography

    DeAustin Benson and Humberto Bravo

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    TREND OFSUCCESS

    www.pcsedu.org 312.604.2200 2011ANNUAL REPORT

    The remarkable success of our new

    schools in the Auburn Gresham

    neighborhood is a striking example of

    the Perspectives difference and how it is

    changing the trajectories of young lives.

    Six years ago, Chicago Public Schools CEO Arne

    Duncan closed the underperforming Calumet

    Career Academy. Duncan, who is now U.S. Secretary

    of Education, gave Perspectives the green light to

    open two new high schools on that campus.

    Before Perspectives came to Auburn Gresham,

    Calumet Career Academy had a 32% graduation

    rate.* Under Perspectives leadership, graduation

    rates have skyrocketed in a mere five yearsto

    86%.** Not only are students earning high school

    diplomas at record rates, they are continuing on to

    college. Of Perspectives Class of 2011 graduates in

    Auburn Gresham, 97% were accepted to college.

    This fall, 93% of our graduates enrolled in college,

    nearly 90% of whom are the first in their families

    on track to earn a college degree, according to

    Perspectives cofounder Kimberlie Day. Graduation

    rates continue to soar in Auburn Gresham because

    the Perspectives schools embrace A Disciplined

    Life, ensuring a College for Certain outcome, says

    Adrienne Leonard, community activist and chair of

    the former Calumet Career Academys Transition

    Advisory Council.

    *Chicago Public Schools

    **Based on Illinois State Board of Education data

    The Perspectives Difference:A Disciplined Life

    At Perspectives Charter Schools, everyone speaks a common language.Its called A Disciplined Life. The 26 principles of A Disciplined Lifeare the foundation of Perspectives school culture.

    We are intentional about supporting our students socialand emotional learning, explains Diana Shulla-Cose, who

    cofounded Perspectives in 1997 with Kimberlie Day. Our

    graduates are equipped with life skills they will use to be

    successful. A Disciplined Lifecreates an environment

    where students thrive, both intellectually and personally,

    and where excellence is the expectation.

    At Perspectives, we are lifelong learners, so we are

    constantly evolving. This was a pivotal year for improving

    A Disciplined Life. We revised and created new tools

    to measure social and emotional learning. We increasedprofessional development opportunities for teachers and

    staff. These changes have strengthened our foundation

    and are improving student outcomes.

    A Disciplined Lifeis the foundation for every conversation

    we have and for every future achievement that our young

    students will celebrate. As one young scholar said,

    A Disciplined Lifeis my compass, guiding my actions

    and pointing me towards success.

    Trend of Success in Auburn GreshamHigh School Graduation Rates

    100

    80

    60

    40

    20

    02007 2010 2011

    32%

    79% 86%

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    Perspectives was not supposed to be part of my life plan. My dream school

    was Whitney Young, but I had been waitlisted there. So I enrolled at

    Perspectives/IIT Math and Science Academy instead. A month later,

    I got an acceptance letter from Whitney Youngbut I turned them down.

    In the few weeks Id been at Perspectives, I had come to love the classmates

    and teachers around me. I got the feeling that this was a

    really special place.

    Without the experiences Ive had at Perspectives,

    I would not be the young man that I am today.

    The principles of A Disciplined Lifehave changed me. The opportunities Perspectives

    has provided me are overwhelming. My goal this year is to land an academic

    scholarship to a four-year university. Perspectives was not my first choice, but it clearly

    turned out to be the best choice.

    Craig Carter

    Perspectives/IIT Math and Science Academy

    Class of 2012

    SEEKWISDOM

    2011ANNUAL REPORT www.pcsedu.org 312.604.2200

    Perspectives High School of Technology

    Ive always viewed myself as a very good student,

    but when I started at Perspectives, I quickly learned

    what the true definition of academic rigor is.

    Teachers noticed my ability and didnt hesitate to

    push me and expect greatness from me. Duringmy freshman year, my English teacher assigned

    the class an essay on the book To Kill a Mockingbird.

    He pulled me aside and told me that I was to write

    two essays instead of one because I needed to be

    challenged. I thought it would be way too much

    work, but he knew I could handle it and I did. He

    saw my potential.

    Four years ago, I was planning on going to a city

    college. Instead, because of Perspectives, I enrolled

    this fall at Northwestern University with a full

    academic scholarship.

    With A Disciplined Lifein my

    pocket and academic rigor inmy pencil, my possibilities are

    endless!

    Stephanie Caldwell

    Perspectives High School of Technology

    Class of 2011

    Freshman, Northwestern University

    Full Academic Scholarship

    Perspectives/IIT Math and Science Academy

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    At the end of my junior year, I participated in a

    six-week community service scholarship program

    in Costa Rica. Thanks to Perspectives and this

    incredible opportunity, I am a different person.

    My experience in Costa Rica taught me that youshould appreciate lifeeven the simplest things.

    It exposed me to a different culture and helped me

    become more open-minded about people and to

    be compassionate, two of our A Disciplined Life

    principles. It gave me a new perspective on life that

    will always be with me. No one can take this part of

    my education away from me. The way I see it, I have

    much more traveling ahead of me in the future.

    I want to learn and make the world

    better. After all, its what we learn

    here at Perspectivesto learn

    and to be generous, to alwaysgive back.

    Nakeya Boyles

    Perspectives Leadership Academy

    Class of 2012

    www.pcsedu.org 312.604.2200 2011ANNUAL REPORT

    I came to Perspectives last year as a 7th grader. I transferred schools because I

    wanted to have teachers who would get to know me and would help prepare

    me for college. I wanted a school where I could feel accepted, instead of feeling

    out of place.

    Like a lot of girls my age, I worry about how I look and what I say. PerspectivesMiddle Academy makes me feel that I dont have to hide who I am.

    My favorite A Disciplined Lifeprinciple is love who

    you are. I want to achieve this and to help others do

    the same.

    I wrote a poem called Love Who You Are No Matter What. I wrote my poem so that I can

    help little girls feel good about themselves. My poem reminds girls like me to focus on

    the positives. It tells them to love your curvy figure and keep your head held high. I

    remind them they will shine in a spotlight because of the many special things they have

    to offer. Thanks to Perspectives, I feel good about myself and want to pass that on.

    Asia McEntee

    Perspectives Middle Academy

    Class of 2012

    Perspectives Middle Academy

    Perspectives Leadership AcademyLOVEWHO YOU ARE

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    Perspectives Rodney D. Joslin Campus

    Self-Perception Accept only quality work from yourself

    Take responsibility for your actions

    Seek wisdom

    Be open-minded

    Think critically and be inquisitive

    Love who you are

    Demonstrate honesty, integrity, and decen

    Be generous

    Be a life-long learner

    Live a healthy lifestyle

    Communication

    Communicate effectively

    Challenge each other intellectually

    Show gratitude

    Solve conflicts peacefully

    Respect each others differences

    Be positive and supportive of each other

    Show compassion

    Productivity

    Demonstrate a strong work ethic

    Use your time wisely

    Listen actively

    Be punctual and prepared

    Be organized

    Be reflective

    Be reliable

    Take initiative

    Demonstrate perseverance

    I graduated in May 2011 and amnow a freshman at the University ofKentucky on a four-year basketballscholarship. I want nothing lessthan to be the best. My time at

    Perspectives taught me that I shouldonly accept quality work frommyselfnot just when Im on thebasketball court, but in school andin everything.

    Perspectives teaches you thatyou can go out there and do theimpossible. Its not enough to be agreat athlete. Perspectives showsyou that you get out of life what youput into it. We challenge each other

    to be the best we can be. I becamean honor roll student at Perspectives,

    where its safe to be smart andto get good grades. I could havetransferred to another school [toplay basketball], but I stayed herebecause of the academic program

    and because of what the ADisciplined Lifeprinciples taughtme about life. The A DisciplinedLifeprinciples help us form one bigfamily at Perspectivesand familiesalways have your back.

    Anthony Davis

    Perspectives Rodney D. Joslin

    Campus, Class of 2011

    Freshman

    University of KentuckyFull Basketball Scholarship

    A Disciplined LifeThe 26 principles of A Disciplined Liform the foundation of our PerspectivCharter Schools experience.

    2011ANNUAL REPORT www.pcsedu.org 312.604.2200

    Perspectivesteaches youthat you cango out thereand do the

    impossible.

    CHALLENGEEACH OTHER

    INTELLECTUALLY

    JBrownPhotography

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    SHOWGRATITUDE

    Standing Beside Us Since the Beginning:Searle Family Generosity AboundsAnne Bent was introduced to Perspectives by her father,

    Daniel Searle. He was an early supporter of Perspectives

    Charter Schools who truly put Perspectives on the map as

    a charter network that was going to impact the city.

    I can vividly remember how overwhelmed I was with

    gratitude that day in 1998 when Mr. Searle called and

    told me that he had just sent Perspectives a check for

    $300,000, cofounder Diana Shulla-Cose explains. This

    level of investment gave us an edge and the financial

    resources we needed. It came from a man who knew

    well Chicagos breadth of causes, yet chose to support

    us, our students and our mission. Mr. Searle also knew

    that Anne, who cares deeply about education and holds

    a masters degree in child development, would want to

    know about this special place.

    Since then, Anne and her family have been staunch

    supporters of Perspectives work. From serving on our

    board to helping to secure bonds for our flagship campus

    in the South Loop, the Searles have never left

    our side as weve grown our charter school network.

    For Anne, its the school culture that really resonates:

    A Disciplined Life is so powerful. Whatever dilemma

    may present itself, if you look into the principles of

    A Disciplined Life, you will find the guidance you need

    to confront that challenge. Thats amazing.

    Anne is also impressed with the opportunities that

    Perspectives provides students. Students dont have

    to test into Perspectives or prove that they are gifted

    students to go to school here, explains Anne.

    Perspectives enrolls all kinds of students and provides

    a safe, structured environment where they can thrive,

    achieve academic success, and become college-bound.

    The people of Perspectives work miracles for so many

    young people.

    The Searle family has provided tremendously generous

    gifts and investment support over the past 14 years.

    On behalf of the Perspectives family, we are profoundly

    grateful to the Searle family for choosing to stand beside

    usthrough thick and thin, as we tirelessly pioneered the

    charter movement in Chicagohelping change the face

    of public education, one student success story at a time.

    www.pcsedu.org 312.604.2200 2011ANNUAL REPORT

    A Disciplined Life isso powerful. Whateverdilemma may presentitself, if you look into

    the principles ofA Disciplined Life, youwill find the guidanceyou need to confrontthat challenge.Thats amazing.

    Anne BentAnne Bent, generous Perspectives supporter, with Rodney D. Joslin students

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    $100,000 and aboveMr. and Mrs. Laurence AshkinCrown Family PhilanthropiesErnst & Young LLPLISCLouis R. Lurie FoundationAnne Searle BentSpeh Family Foundation

    $50,000$99,999Baldwin Richardson Foods/Eric Johnson

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    $5,000$9,999

    Mr. and Mrs. Hall C. Adams, IIIAllstate Insurance Company

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    Ms. Julie KarrMr. John T. Larounis

    Kiva LaugheadMr. and Mrs. Demetrios G. LogothetisMr. and Mrs. Randy MarkowitzMr. and Mrs. Douglas P. MastrangeliMinasian Rug CompanyMr. Timothy W. MorrisonMr. and Mrs. Mark J. MukhtarMr. John MusachiaMs. Jeanne L. NowaczewskiMr. and Mrs. Thomas E. Ochs, Jr.Mr. and Mrs. Robert J. Pillion

    Kevin PoczatekMs. Margret ReitzMr. Philip W. ReitzMr. and Mrs. John F. RisacherTimothy D. RobinsMr. Steven RogersMs. Eileen SamuelsMr. and Mrs. James C. Schneider, MDMr. Joseph W. SchulteMr. and Mrs. Steven A. StenderMr and Mrs. Douglas StevensMr. Donald M. StewartMr. and Mrs. Craige L. StoutMr. Anthony SullivanMs. Nicole M. ThomasMr. Brett ThompsonMr. and Mrs. Steven Turckes

    Matthew W. VaughnCarly WarrenMr. James WelchMr. and Mrs. Michael P. WhelanMs. Marek Wierzba

    $250$499Dr. and Mrs. Howard AdussMs. Hilary AlexisMr. Tavun AnjanAnonymousMr. and Mrs. Robert BabbinMr. Jeff BairdMr. Jon BallCharles BaroneMs. Judith J. BeilmanMr. and Ms. Michael Berger

    Mr. Russell BettsMr. and Mrs. Peter Bohr

    BEGENEROUS2011 Generous Contributors

    As we look forward to next year and our 15th anniversaryas a charter school, we reflect on where weve been andhow we made it this far. We realize we wouldnt be wherewe are today without you, our generous donors. Yourcollective support allows us to make a difference in eachof our scholars lives. We are grateful for all you do, and foryour contributions that help Perspectives Charter Schoolscontinue our trend of success.

    Michelle Flowers, Perspectives Leadership Academy Graduation, May 2011

    2011ANNUAL REPORT www.pcsedu.org 312.604.2200

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    Mr. George T. BozonelosMr. and Mrs. Gregory Ross BridwellMs. Amy E. Brierly and Mr. Greg GressleMs. Diana L. BrockwayMr. Jeffrey H. BrubachMr. Peter BynoeMr. and Ms. Thomas CampbellMr. Rodrigo Careaga and

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    Ms. Andrea L. Zopp, Esq.

    $100$249Mr. Ayodele O. AjayiNikolaos AnalitisWilliam R. BroderickMr. and Mrs. W. Dean BrunoMr. David P. BrysonMr. Douglas CardAnthony CarmelloMs. Teresa ClaybrookRebecca CokeKevin Cole

    Ms. Linda DarlingMr. Troy A. DickersonDavid DoyleDanyelle ElkindMr. Mark E. FoxMs. Meredith GeorgeMs. Kimberly A. GriesbaumJacob GulickMr. and Mrs. Matthew M. HaafMr. and Mrs. Michael E. HanlonMr. and Mrs. Martin F. HauselmanJo Ellen HelmerLee HendersonMs. Arkisha V. HowardMr. and Mrs. Greg HuffstetlerMr. and Mrs. Michael A. HughesMr. and Mrs. Michael A. Humphrey

    Mr. and Mrs. Ricardo JenkinsMr. Richard T. JonesMr. and Mrs. George P. KalaiwaaMr. and Mrs. Mark E. KaplanKory Craig KebertMs. Annie C. KolmanMr. and Ms. Soren Krebs SiekierskiMs. Anu KrishnanMr. and Mrs. Arthur KueselNatalie Rianne KunsMs. Katherine E. KurtzmanMr. and Mrs. Robert LangerMs. Lydia LehotskyMr. Robert B. Lifton and

    Ms. Carol RosofskyShapelle J. LillyMs. Latoya L. Locke

    Bess MagnusonEmily MagnusonWill Magnuson

    Ms. Sharon E. MartinMs. Therese McGuireMr. and Mrs. Sean McSherryMr. Michael J. MerwinMs. Jennifer MinorColleen MockoMr. and Mrs. William M. MossMr. and Mrs. Allan M. MossMs. Anne F. MunarettoMr. and Mrs. James NelsonMr. Kyle R. OConnor

    Mr. and Mrs. William T. OConnorMr. and Mrs. Thomas R. ODonnellMr. and Mrs. Brian OfenlochMr. Brian J. PavonaMr. Andrew I. Philipsborn and

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    Mr. Stewart M. BraseMs. Katlyn M. ReganMr. and Mrs. Michael E. ReganMr. Steven ResnikoffMs. Julie M. RoseKimberly Anne Rowe

    The Law Firm of Rowe & AssociatesChris SandbergMr. and Mrs. Brett A. SaternusMr. and Mrs. Michael F. SchuethMr. and Mrs. Troy D. SmithTyler SmithMr. and Mrs. Norman S. SolomonMs. Mary Ann StackMr. and Mrs. Burton I. StenderEmily Dolores SterlingChristopher R. StipeMr. Lucas A. StockLonnie StonitschMr. and Mrs. Vincent Y. TsangChristine ValentinoMs. Ballarie WadlingtonMs. Lucille White

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    Mr. Daniel SieburgMr. Ried W. SpearinMs. Kathy D. StantonMs. Nithya SubramaniamMs. Katherine TannerMs. Tamara J. TaraziMr. Jangmi Taylor and

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    Mr. and Mrs. Ray N. WagnerMr. Gordon G. WaldronMr. and Ms. Thomas P. WardMs. Helen R. WargelMs. Audrey F. WashingtonMr. Dean W. WolfMr. Brandon M. WrightMs. Brittany YamamotoMs. Christine M. Zada

    Gifts-In-KindThe Law Offi ces of Hall AdamsMr. and Mrs. Laurence B. AshkinJ Brown PhotographyCafe BiondaMr. Jeffrey C. CamplinChicago Cubs

    Chicago White SoxCrains Chicago BusinessDIGITASDr. Judith DocekalErnst & Young LLPExtra Mile PRMr. and Ms. Michael IsroffMr. and Mrs. Michael L. KeiserMichael and Lisa KornickMs. Michele LustigWilliam D. Mack

    Minasian Rug CompanyMotorola FoundationMuseum of Science and IndustryMs. Nancy NewbergerOstrow Reisin Berk & Abrams, LTDPerillo BMWPlumThree Marketing and DesignSally Ride ScienceSarpinos PizzeriaMr. and Mrs. Robert StoneMs. Nicole M. ThomasUnique Active LLCBallerie WadlingtonWanda WhiteWinston & Strawn

    www.pcsedu.org 312.604.2200 2011ANNUAL REPORT

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    2011 Audited Financials

    Governance

    Board of Directors

    Laurence Ashkin, Chairman

    Joel M. Stender, Vice Chairman

    Deborah Stevens, Treasurer

    Loren A. Weil, Secretary

    Hall Adams, III, William Anspach, Jr.,

    David E. Baker, Rick Callahan,

    Trevor Clark, Michelle M. Hughes,

    William D. Mack, Paul B. OKelly,

    Anthony A. Robinson, Craige Stout

    Advisory Council

    Anne Bent, Robert Blackwell Jr.,

    John D. Chavez, Howard Davis,

    The Rev. Wilfredo de Jesus,

    Luis Diaz-Perez, Evan Djikas,Fay Ferguson, Barbara Fosco,

    Lisa Kornick, Janice MacVicar,

    Steve Milter, Johnita W. Mizelle,

    John Musachia, Rebeca Nieves Huffman,

    Nick Rosa, Steven Turckes,

    Steven L. Washington, Stephen Willis

    Statement of Financial Position

    Assets Year Ended June 30, 2011

    Cash $ 2,221,963

    Pledges/other accounts receivable,

    prepaid expenses and deposits 2,196,272Property and equipment, net 7,789,526

    Total Assets $12,207,761

    Liabilities

    Accounts payable, accrued salaries

    and related liabilities $ 3,723,266

    Capital lease obligations/deferred

    rent and revenue liability 677,443

    Notes payable 2,390,828

    Bond payable 5,100,000

    Total liabilities $11,891,537Total net assets $ 316,224

    Total Liabilites and Net Assets $12,207,761

    Statement of Activities

    Revenues Year Ended June 30, 2011

    All government sources $26,526,132

    Contributions:

    Individuals 340,973 Corporations/Foundations 1,251,730

    Other 1,648,403

    Total Revenues $29,767,238

    Operating Expenses

    Program services $26,687,815

    Management and general 2,105,300

    Fundraising 247,449

    Total Operating Expenses $29,040,564

    Operating Income 726,674

    Other expenses:

    Depreciation and amortization $1,135,136

    Interest 238,331

    Total Depreciation, Amortizaton

    and Interest $1,373,467

    Change in Net Assets (646,793)

    Net Assets, beginning of year $ 963,017

    Net Assets, end of year 316,224

    BEREFLECTIVE

    0 2011ANNUAL REPORT www.pcsedu.org 312.604.2200

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    11/12

    Cofounder and Chief Education Offi cer Kimberlie Day,Chief Executive Offi cer Rhonda Hopps, andCofounder and President Diana Shulla-Cose,

    surrounded by students at PerspectivesLeadership Academy.

    Jessica Acevedo, Jasmin Bailey, Evan BakerRodney D. Joslin Graduation, May 2011

    Dear Friends of Perspectives,Like the students we serve, the people of Perspectives never cease

    to amaze me. There is an unwavering commitment to improving

    student achievement, expanding student opportunity and teaching

    personal responsibility to every student. At Perspectives, we are

    relentless in our quest for excellence and genuine in our passion for

    supporting young people. All of this is why we are the Perspectives

    Familyfostering stories of success, one student at a time. You, too,

    are an invaluable part of this family.

    At Perspectives, we educate students for college and prepare students

    for life. This year, 93% of our graduates enrolled in college, and 78% of

    our 2010 graduates who enrolled returned for their sophomore year.

    This is in a city where only 8% of public school students graduate from

    college. Perspectives students are beating the oddsmore so witheach passing year.

    In the face of significant hurdles, our team always finds a way to

    overcome. This proved to be an especially challenging year on the

    financial front after an unexpected 4% funding cut from Chicago

    Public Schools. Since charter schools already receive less in per-pupil

    funding than traditional schools, this new cut turned up the pressure.

    We cut costs where we could without damaging the classroom

    environment, generating positive operating cash flowand setting

    ourselves up for a stable and financially successful 20112012 year.

    Despite the challenging financial landscape, we find ourselves

    reporting on another year of tremendous hard work and

    remarkable successes. We continue to grow and improve our

    network of schools. We are building in tools that will allow us to

    evaluate and track A Disciplined Life and provide staff even

    more professional development. We are fine-tuning our academic

    model by strengthening the structures and processes we use to

    create outstanding learning environments. Within our operations

    department, we have instituted smart changes to our purchasing and

    operational policies so that we can continue to exercise fiscal discipline

    and make the most out of every dollar we receive. Our facilities team

    has worked tirelessly to polish, repair and upgrade our buildings so

    that our students have better learning environments in which to thrive.Our information technology team has overhauled our technology

    infrastructure, equipping our classrooms for the 21st century.

    Perspectives students and staff practice the A Disciplined Life

    principle show gratitude. We are grateful for you. Our students

    lives change when we work together to provide classrooms that

    turn students into college-bound graduates and upstanding citizens.

    Thank you for contributing to our work and please spread thewordlet us continue Perspectives trend of success together.

    With gratitude and respect,

    Rhonda Hopps, CFAChief Executive Officer

    2011ANNUAL REPORT

    AndrewY

    oungPhotography

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    Perspectives Charter Schools is a network of five high-performing,

    tuition-free schools in Chicago. Chartered by the state of Illinois in 1997,

    our schools are non-selective and serve urban students in the 6th

    through 12th grades. Perspectives innovative curriculum is noteworthy

    for its longer school days, double-period math and literacy classes,

    A Disciplined Life classes, frequent field studies, and project-based

    learning opportunities.

    We prepare students for success in college, in the workplace and in life.

    Our mission is to provide students with a rigorous and relevant education,

    based on the principles of A Disciplined Life, that prepares them forlife in a changing world and helps them further become intellectually

    reflective, caring and ethical people engaged in a meaningful life.

    At Perspectives, we are changing the course of young lives, one student

    at a time.

    Rodney D. Joslin Campus

    1930 South Archer

    Chicago, IL 60616

    312.225.7400

    Perspectives

    Middle Academy

    8131 South May StreetChicago, IL 60620

    773.358.6300

    Perspectives High School

    of Technology

    8131 South May Street

    Chicago, IL 60620

    773.358.6120

    Perspectives

    Leadership Academy

    8131 South May Street

    Chicago, IL 60620

    773.358.6100

    Perspectives/IIT

    Math & ScienceAcademy

    3663 South Wabash

    Chicago , IL 60653

    773.358.6800

    ABOUTPERSPECTIVESCHARTER SCHOOLS

    For more information or to learn more about our schools,

    please visit www.pcsedu.org or call 312.604.2200.

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