Civic Intelligence

Christel House Academy Inc

EIN 02-0550824 • 501(c)3 • Indianapolis, IN

Profile

CHRISTEL HOUSE ACADEMY is a network of public charter schools in Indianapolis whose objective is to offer a transformational and high quality educational experience for an impoverished urban population.

2405 Madison AveIndianapolis, IN 46225

www.chacademy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

65th percentile

0.38x

Higher debt load relative to assets than 65% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.41x

Higher debt load relative to revenue than 61% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

68th percentile

13%

Higher net margin than 68% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

37th percentile

$214,042

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

81st percentile

17%

Faster asset growth than 81% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

63rd percentile

14%

Faster revenue growth than 63% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$35,244,716

Up $5,173,680 (+17%) from 2023

Liabilities

Up

$13,452,262

Up $802,438 (+6.3%) from 2023

Net Assets

Up

$21,792,454

Up $4,371,242 (+25%) from 2023

Revenue

Up

$32,866,945

Up $4,062,056 (+14%) from 2023

Expenses

Up

$28,495,703

Up $860,018 (+3.1%) from 2023

Net Income

Up

$4,371,242

Up $3,202,038 (+274%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2010: $3,182,301Liabilities 2010: $523,146Net Assets 2010: $2,659,1552010Assets 2011: $3,145,422Liabilities 2011: $1,004,320Net Assets 2011: $2,141,1022011Assets 2012: $3,351,154Liabilities 2012: $1,298,490Net Assets 2012: $2,052,6642012Assets 2013: $1,050,474Liabilities 2013: $794,060Net Assets 2013: $256,4142013Assets 2014: $1,515,242Liabilities 2014: $844,755Net Assets 2014: $670,4872014Assets 2015: $2,990,715Liabilities 2015: $1,601,528Net Assets 2015: $1,389,1872015Assets 2016: $3,150,595Liabilities 2016: $1,248,171Net Assets 2016: $1,902,4242016Assets 2017: $4,030,721Liabilities 2017: $1,750,717Net Assets 2017: $2,280,0042017Assets 2018: $4,270,781Liabilities 2018: $1,404,795Net Assets 2018: $2,865,9862018Assets 2019: $5,484,430Liabilities 2019: $2,003,767Net Assets 2019: $3,480,6632019Assets 2020: $7,946,837Liabilities 2020: $4,219,211Net Assets 2020: $3,727,6262020Assets 2021: $13,789,684Liabilities 2021: $4,106,592Net Assets 2021: $9,683,0922021Assets 2022: $18,804,577Liabilities 2022: $2,552,569Net Assets 2022: $16,252,0082022Assets 2023: $30,071,036Liabilities 2023: $12,649,824Net Assets 2023: $17,421,2122023Assets 2024: $35,244,716Liabilities 2024: $13,452,262Net Assets 2024: $21,792,4542024

Highlighted filing

2024

Assets$35,244,716
Liabilities$13,452,262
Net Assets$21,792,454

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2010: $5,356,5062010Revenue 2011: $5,887,921Expenses 2011: $6,405,974Net Income 2011: -$518,0532011Expenses 2012: $6,825,3502012Revenue 2013: $5,056,410Expenses 2013: $6,852,660Net Income 2013: -$1,796,2502013Revenue 2014: $7,796,436Expenses 2014: $7,382,363Net Income 2014: $414,0732014Revenue 2015: $12,781,600Expenses 2015: $12,604,643Net Income 2015: $176,9572015Revenue 2016: $13,485,269Expenses 2016: $12,972,032Net Income 2016: $513,2372016Revenue 2017: $14,694,592Expenses 2017: $14,317,012Net Income 2017: $377,5802017Revenue 2018: $16,173,058Expenses 2018: $15,587,076Net Income 2018: $585,9822018Revenue 2019: $17,693,460Expenses 2019: $17,078,783Net Income 2019: $614,6772019Revenue 2020: $19,219,885Expenses 2020: $18,972,922Net Income 2020: $246,9632020Revenue 2021: $29,066,462Expenses 2021: $23,110,996Net Income 2021: $5,955,4662021Revenue 2022: $33,476,548Expenses 2022: $26,907,632Net Income 2022: $6,568,9162022Revenue 2023: $28,804,889Expenses 2023: $27,635,685Net Income 2023: $1,169,2042023Revenue 2024: $32,866,945Expenses 2024: $28,495,703Net Income 2024: $4,371,2422024

Highlighted filing

2024

Revenue$32,866,945
Expenses$28,495,703
Net Income$4,371,242

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$35.2$13.5$21.8$32.9$28.5$4.37
2023Detailed filing. Detailed filing data is available for this year.$30.1$12.6$17.4$28.8$27.6$1.17
2022Detailed filing. Detailed filing data is available for this year.$18.8$2.55$16.3$33.5$26.9$6.57
2021Detailed filing. Detailed filing data is available for this year.$13.8$4.11$9.68$29.1$23.1$5.96
2020Detailed filing. Detailed filing data is available for this year.$7.95$4.22$3.73$19.2$19.0$0.25
2019Detailed filing. Detailed filing data is available for this year.$5.48$2.00$3.48$17.7$17.1$0.61
2018Detailed filing. Detailed filing data is available for this year.$4.27$1.40$2.87$16.2$15.6$0.59
2017Detailed filing. Detailed filing data is available for this year.$4.03$1.75$2.28$14.7$14.3$0.38
2016Detailed filing. Detailed filing data is available for this year.$3.15$1.25$1.90$13.5$13.0$0.51
2015Detailed filing. Detailed filing data is available for this year.$2.99$1.60$1.39$12.8$12.6$0.18
2014Detailed filing. Detailed filing data is available for this year.$1.52$0.84$0.67$7.80$7.38$0.41
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.79$0.26$5.06$6.85$1.80
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.35$1.30$2.05$6.83
2011Summary only. Only limited summary data is available for this year.$3.15$1.00$2.14$5.89$6.41$0.52
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.18$0.52$2.66$5.36
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$32,915,899
Mission and Program Overview

Mission

CHRISTEL HOUSE SCHOOLS is a network of public charter schools in Indianapolis whose objective is to offer a transformational and high quality educational experience for an impoverished urban population.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$10,190,361$16,369,275▲ $6,178,914
Land, Buildings, and Equipment, Net$8,786,570$8,037,742▼ $748,828
Pledges and Grants Receivable$1,004,087$578,664▼ $425,423
Prepaid Expenses and Deferred Charges$59,993$196,662▲ $136,669
Accounts Receivable$467,987$171,634▼ $296,353
Savings and Temporary Cash Investments$93,828$96,931▲ $3,103
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$30,071,036$35,244,716▲ $5,173,680
Other Assets Total$9,468,210$9,793,808▲ $325,598
Liabilities
Other Liabilities$9,468,210$9,800,100▲ $331,890
Accounts Payable and Accrued Expenses$3,181,614$3,652,162▲ $470,548
Total Liabilities$12,649,824$13,452,262▲ $802,438
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,886,494$21,225,832▲ $4,339,338
Net Assets With Donor Restrictions$534,718$566,622▲ $31,904
Total Net Assets Fund Balance$17,421,212$21,792,454▲ $4,371,242
Total Liabilities and Net Assets / Fund Balance$30,071,036$35,244,716▲ $5,173,680

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$6,057,564$1,670,011$7,727,575
Equipment$1,972,914$2,169,550$4,142,464
Other Land Buildings$7,264$108,805$116,069
Other Assets Org$9,793,808--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Emily MasengaleCEO/board President-no Voting RightsFT$158,653$55,389$214,042
Dr Sarah WeimerExecutive DirectorFT$131,419$58,174$189,593
Eric ParquetPrincipalFT$137,559$24,783$162,342
Tracy WestermanAssistant PrincipalFT$118,439$40,764$159,203
Jennifer ReynoldsPrincipalFT$131,610$23,224$154,834
Summer StoneChief Financial OfficerFT$104,379$47,882$152,261
Victoria PittmanPrincipalFT$118,458$28,069$146,527
Allison BakerPrincipalFT$117,000$24,309$141,309

Board Members and Trustees

NameTitle
Fernando FalconBoard Chair
Bruce BryantBoard Vice Chair
Bart PetersonBoard Vice President
Lacey M BerkshireBoard Secretary
Jason PulliamBoard Treasurer
Bryan RichardsonDirector
Jason LilienDirector
Julie MooreheadDirector
Logan HarrisonDirector
Nicholas a OhrnDirector
Steve OsbornDirector
Victor M Rivera MartinezDirector
Wayne Kimball JrDirector
Wilfred MacarenhasDirector
Anushree M BagDirector (until 2/13/24)

Highest Paid Contractors

ContractorServicesLocationCompensation
Sodexo Inc & AffiliatesCafeteria ServicesPO Box 360170, Pittsburgh, PA 15251$1,304,468
Miller TransportationBus Transportation Services1103 S Tibbs Ave, Indianapolis, IN 46241$876,750
Crossroads Rehab CenterOccupational Speech Therapy4740 Kingsway Dr, Indianapolis, IN 46205$185,234
Community Occupational Health ServicesNursing ServicesPO BOX 776817, Chicago, IL 60677-6817$164,113
Revenue and Support

Revenue Composition

Contributions and Grants
$31,441,400
Program Service Revenue
$1,213,973
Investment Income
$211,572
Other Revenue
$0
All Other Contributions
$2,000,737
Change in Net Assets
$4,371,242

Audited Revenue Reconciliation

Revenue per Audited Statements
$32,866,945
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$7,051,393
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$39,918,338
Total Revenue per Form 990
$32,866,945
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$19,369,445
Other Expenses$9,126,258
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$13,830,576$254,330-$14,084,906
Other Employee Benefits$2,033,374$45,486-$2,078,860
Occupancy$1,718,276$99,524-$1,817,800
Fees for Services Other$1,490,764$121,962$0$1,612,726
Pension Plan Contributions$1,398,823$40,695-$1,439,518
Depreciation Depletion$1,187,932--$1,187,932
Payroll Taxes$1,079,132$28,132-$1,107,264
Current Officers, Directors, Trustees, and Key Employees$534,533$124,364-$658,897
Information Technology$475,637--$475,637
Conferences and Meetings$287,647$10,804-$298,451
Other Expenses$217,155--$217,155
Fees for Services Accounting-$213,650-$213,650
Advertising$109,789--$109,789
All Other Expenses$50,356$0$0$50,356
Fees for Services Legal-$23,934-$23,934
Travel$21,550--$21,550
Office Expenses$1,455$16,864-$18,319
Total Functional Expenses$27,515,958$979,745$0$28,495,703

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$35,547,096
Expenses per Audited Statements$28,495,703
Total Expenses per Form 990$28,495,703
Expenses Not Reported on Form 990$7,051,393
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$9,800,100
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 1A Delegate broad authority to A committee

PER BYLAWS / ARTICLE 1 / SECTION 1.11 The Board of Directors may from time to time create and appoint standing, special or other committees to undertake studies, make recommendations, and carry on functions for the purpose of efficiently accomplishing the purposes of the Corporation. Committees to the extent specified by the Board of Directors, may exercise the powers, functions, or authority of the Board of Directors, except where prohibited by law; provided, however, that if a committee is to exercise board powers, functions, or authority, (a) all the persons serving on the committee must be Directors, (b) there must be at least two (2) persons on the committee, and (c) the creation of the committee and the appointment of its members shall be by a majority of all directors in office when the action is taken.

Form 990, Part VI, Line 11B Review of form 990 by governing body

Prior to filing with the irs, the chief business officer reviews the form 990 with the head of schools and president. Also, prior to filing, the board finance and audit committee members have the opportunity to review, provide comments, and suggest changes. All members of the board of directors will be provided a copy of the form 990 prior to filing.

Form 990, Part VI, Line 12C Conflict of interest policy

Board members and officers annually sign the conflict of interest policy and disclose any conflicts of interest. The business officer reviews the signed forms and reports any conflicts of interest to the board president. The board president then follows up on any conflicts and takes any necessary action, such as prohibiting an interested person with a conflict from participating in the decision making where a conflict exists. The conflict of interest policy requires immediate disclosure of any conflicts that may arise during the year.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

The executive directors compensation is reviewed and approved by the chairman of the board of directors and at least one other board member. The last review took place during fy24, as this is an annual process. Compensation was determined by consultants and review of market data surveys. The compensation increases are documented on the annual evaluation form.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

Compensation changes are determined by using market data, comparisons to local school districts, and experience levels. Based on this information and performance evaluation data, all compensation changes are reviewed and approved by the executive director, the chief school business officer, or the president. This process was undertaken in fy24.

Form 990, Part VI, Line 19 Required documents available to the public

The organization's governing documents, conflict of interest policy, and financial statements are made available upon request. In addition, annual audited financial statements are available through the indiana state board of accounts public database of audits.

Filing and Contact Details

Filer

Filer Name
Christel House Academy Inc
EIN
02-0550824
Phone
3177834690
Address
2405 Madison Ave, Indianapolis, IN 46225
Doing Business As
Christel House Schools

Signing Officer

Name
Summer Stone
Title
Chief Financial Officer
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
2001
Legal Domicile
In
Voting Board Members
14
Independent Board Members
14
Employees
241
Volunteers
300

Preparer

Firm
Crowe Llp
Address
4801 Olympia Park Plaza Suite 4000, Louisville, KY 40241-2098
Preparer
Kim Scifres
Phone
5023263996
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D Description of other program services

(Expenses $ including grants of $) STUDENT WELLNESS - A DAY AT CHRISTEL HOUSE ENTAILS MORE THAN JUST CLASSROOM INSTRUCTION AND HOMEWORK. WHILE ACADEMIC PREPARATION IS THE MAIN FOCUS OF A STUDENT'S LIFE AT THE ACADEMY, IT IS NOT THE COMPLETE PICTURE. SOCIAL AND EMOTIONAL DEVELOPMENT, PROVIDED BY OUR STUDENT SUPPORT STAFF, IS AN IMPORTANT ASPECT OF THE CHRISTEL HOUSE EXPERIENCE THAT ROUNDS OUT STUDENTS BY PROVIDING OPPORTUNITIES TO LEARN HOW TO APPLY KNOWLEDGE. IN ADDITION, CHRISTEL HOUSE PROVIDES NUTRITIONAL PROGRAMS AND TRANSPORTATION TO ASSIST THE STUDENTS BASIC NEEDS.

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The filing organization is exempt from income taxes on income from related activities under Section 501(c)(3) of the U.S. Internal Revenue Code and corresponding state tax law. Accordingly, no provision has been made for federal or state income taxes. Additionally, Christel House Schools is not considered to be a private foundation under Section 509(a) of the internal Revenue Code. CHS does not expect the total amount of unrecorded tax benefits to significantly change in the next 12 months. CHS recognizes interest and/or penalties related to in come tax matters in income tax expenses. CHS did not have any amounts accrued for interest and penalties at June 30, 2024 and 2023.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0EDUCATION - CHRISTEL HOUSE ACADEMY OFFERS EDUCATIONAL PROGRAMMING FOR ELEMENTARY AND SECONDARY STUDENTS AT TWO SCHOOL LOCATIONS IN GRADES K-12. STUDENTS ARE TAUGHT USING THE INDIANA ACADEMIC STANDARDS, INCLUDING COLLEGE AND CAREER READINESS SKILLS, IN ADDITION TO A VARIETY OF ELECTIVE COURSES. ENHANCED CURRICULUM OFFERS SUPPLEMENTAL INSTRUCTION AROUND 21ST CENTURY TECHNOLOGY SKILLS, THE INTERNATIONAL PRIMARY CURRICULUM, WORKPLACE CERTIFICATIONS AND DUAL CREDIT OFFERINGS. CHARACTER AND VALUES EDUCATION LESSONS ARE EMBEDDED IN THE ESTABLISHED COURSEWORK. ADDITIONALLY, COLLEGE AND CAREER COUNSELING OCCURS THROUGHOUT THE ACADEMIC YEAR AND SUPPORT SERVICES ARE EXTENDED TO GRADUATES FOR MULTIPLE YEARS BEYOND HIGH SCHOOL GRADUATION.
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