Fiscal Scorecard
Each year, Chicago Public Schools rates all charter schools on several key metrics of financial health. CICS’ most recent available scorecard is linked here: FY22 Fiscal Scorecard for Chicago International Charter Schools
Annual Budget
The Civitas fiscal year runs from July 1 to June 30 of the following year. Our most recently completed fiscal year was FY23, which ended on June 30, 2023. Our total budget in FY23 was approximately $30.6 M. We are projecting a similar budget total in FY24.
Unique Governance Structure
Sources of Funding
Primary Expenditures
Civitas is a school management organization (SMO). Civitas has a management agreement with CICS foundation to serve as an SMO. Under these management agreements, which are renewed annually, CICS is responsible for monitoring the performance of the SMOs and ensuring that Civitas is operating in compliance with the Charter School Agreement, overseeing all compliance with Chicago Public Schools, local, state and federal rules and regulations, overseeing lottery and enrollment, providing the school facilities at the Campuses and providing facility improvements and capital repairs.
Civitas is responsible for providing a complete educational program including the management and administrative services necessary to implement and operate the program and are also responsible for providing regular maintenance, custodial and security services to the campus facilities with the oversight of CICS.
Civitas Education Partners, LLC (CEP) was formed to provide management services for Civitas Schools, LLC. CICS is the sole manager and sole member of Civitas Education Partners, LLC.
The information linked below breaks down the various sources of our revenue for each of our campuses. The majority of CICS funding is publicly funded via city, state, and federal funding, mostly based on per-pupil formulas, as well as our student poverty index. About 2% of our funds are privately raised; we receive minimal amounts from student fees and other sources.
The financial information provided indicates how CICS spent our funds in FY21, FY22 and FY23.
Salaries and Related Costs: All costs associated with the teachers and administrators who run the school, including benefits and payroll taxes.
Facilities and Related Costs: All costs related to maintaining our campus buildings such as rent, insurance, maintenance, etc.
Administrative Fees: All costs related to supporting our campuses with services such as human resources, student recruitment and enrollment, staff recruitment and retention, accounting and auditing, technology, communications, operations, etc.
Supplies and Other Costs: All costs related to curriculum, classroom supplies, educational materials, etc.
Student Programming Costs: Related to enrichment opportunities, special events (graduation, prom, etc.), student incentives, etc. Capital Expenses are large investments we make in our facilities, equipment, and technology - e.g. boiler replacement, HVAC unit upgrades, roofing, and parking lot repairs.
Other Information
The CICS public copy of the 990 and annual audit report are available upon request.
Please email contact@civitasedpartners.org and we will send the file(s) to you within five business days (during the academic year - please expect a delay during school breaks when staffing is minimal).