Concept Schools Inc
95% goes to programs $6 to raise $100 Strong reserves Growing revenue
Concept Schools Inc is a 501(c)(3) organization based in Schaumburg, Illinois, registered in 2014, with $67,098,619 in FY2023 revenue. CharityIndex grades it A+, and it directs about 95% of spending to programs.
1336 Basswood Rd, Schaumburg, IL, 60173 EIN 03-0503751 Since 2014
Revenue (FY2023)
$67.1M
▲ 1.3% vs prior year
Education median: $200K
Expenses (FY2023)
$57.2M
Net assets
$84.2M
Employees
490
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating95% to programs · $6 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Concept Schools Inc: 95% to programs · $6 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating18 mo reserves · +15% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Concept Schools Inc: 18 mo reserves · +15% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Concept Schools Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Concept Schools Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The primary purpose of the organization is to operate charter schools and provide oversight and supervision over the educational, technical and administrative functions of its member charter schools.
Contact & location
- Address
- 1336 Basswood Rd, Schaumburg, IL, 60173
- City
- Schaumburg
- State
- Illinois
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $22.0M (FY2014) to $67.1M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $28.1MNet assets $84.2M
Operating margin
14.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$112.3M
Total liabilities
$28.1M
Net assets
$84.2M
Salaries & benefits
$35.0M
61% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $67,098,619▲1.3% | $57,217,314▲27.0% | $84,173,823▲13.0% | $112,302,777▲8.4% | 990 |
| 2022 | $66,205,592▲21.1% | $45,068,951▲17.5% | $74,481,825▲41.1% | $103,646,552▲41.0% | 990 |
| 2021 | $54,687,645▲17.4% | $38,361,933▲17.3% | $52,803,276▲50.7% | $73,509,189▲51.2% | 990 |
| 2020 | $46,563,795▲14.0% | $32,703,366▼13.8% | $35,039,259▲63.7% | $48,620,522▲58.5% | 990 |
| 2019 | $40,831,788▲13.1% | $37,932,917▲13.3% | $21,402,335▲15.7% | $30,680,753▲30.2% | 990 |
| 2018 | $36,114,834▼0.6% | $33,484,340▲3.9% | $18,503,464▲16.6% | $23,571,429▲13.1% | 990 |
| 2017 | $36,333,347▲15.3% | $32,234,329▲9.6% | $15,872,970▲34.8% | $20,846,583▲32.7% | 990 |
| 2016 | $31,520,076▲16.9% | $29,415,922▲21.3% | $11,773,952▲21.8% | $15,709,217▲26.6% | 990 |
| 2015 | $26,974,133▲22.5% | $24,244,003▲16.8% | $9,669,798▲35.2% | $12,405,772▲40.0% | 990 |
| 2014 | $22,016,049 | $20,754,778 | $7,150,903 | $8,863,971 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Sedat Duman — $197,106 (0.34% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Sedat Duman | President & Ceo | 40 | $197,106 |
| Ali Uslu | Vice President | 40 | $150,355 |
| Gultekin Aytekin | Chief Accountability & Hr Officer | 40 | $149,220 |
| Ryan Uysaler | Cfo | 40 | $140,948 |
| Latif Uzunel | Director of Software Devel | 40 | $140,254 |
| David Disli | Coo | 40 | $131,768 |
| Serdar Kartal | Superintendent | 40 | $131,284 |
| Christopher Murphy | Chief Growth & Communications Officer | 40 | $128,256 |
| Abdullah Arslan | Board Member | 1 | — |
| Ahmet Uysal | Board Chair | 1 | — |
| Ismail Kaya | Board Member | 1 | — |
| Mustafa Kurkluoglu | Board Member | 1 | — |
| Nur Karatas | Board Member | 1 | — |
| Roziel Reyes | Board Member | 1 | — |
| Serdar Gurses | Board Member | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Csms | Management Services | $2,931,900 |
| Vision Construction Consulting Inc | Construction | $741,279 |
| Power Schools | School Management Software | $653,376 |
| Gourmet Gorilla Inc | School Food Services | $558,743 |
| First Student | Student Transportation | $487,172 |
Grants received · $127K total
6 grants to Concept Schools Inc totaling $127K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| For Inspiration and Recognition of Science and Technology First | Program support | 2024 | $58,936 |
| Project Lead the Way Inc | Program implementation | 2023 | $30,000 |
| Charities Aid Foundation America | Charitable donation | 2022 | $9,750 |
| Cleveland Foundation | General support | 2020 | $5,333 |
| For Inspiration and Recognition of Science and Technology First | Program support | 2018 | $10,000 |
| For Inspiration and Recognition of Science and Technology First | Program support | 2017 | $12,685 |
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Frequently asked questions
- Is Concept Schools Inc a legitimate nonprofit?
- Yes. Concept Schools Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 03-0503751, based in Schaumburg, Illinois. Donations are tax-deductible.
- What is Concept Schools Inc's EIN?
- Concept Schools Inc's Employer Identification Number (EIN) is 03-0503751.
- How much revenue does Concept Schools Inc report?
- Concept Schools Inc reported $67,098,619 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Concept Schools Inc's spending goes to programs?
- Concept Schools Inc spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Concept Schools Inc have?
- CharityIndex grades Concept Schools Inc A+, based on program efficiency and fundraising cost.
- How much does Concept Schools Inc's highest-paid employee make?
- The highest reported compensation on Concept Schools Inc's latest Form 990 is $197,106, paid to Sedat Duman (President & Ceo).
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Data for Concept Schools Inc (EIN 03-0503751) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.