Civic Intelligence

Discovery School Inc

EIN 11-3665278 • 501(c)3 • Richmond, IN

Revoked990-N Coverage

Profile

To secure an authorizer's approval of an applicaiton to operate a public charter school serving kindergarten through 5th grades in richmond, indiana.

Revocation date: Nov 15, 2019

PO Box 741Richmond, IN 47375

n/A

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2015

Net Margin

99th percentile

107%

Higher net margin than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2014 to 2015

Assets

Down

$106

Down $517,918 (-100%) from 2014

Liabilities

Down

$0

Down $237,206 (-100%) from 2014

Net Assets

Down

$106

Down $280,712 (-100%) from 2014

Revenue

Down

-$263,079

Down $271,006 (-3419%) from 2014

Expenses

Down

$17,633

Down $158,639 (-90%) from 2014

Net Income

Down

-$280,712

Down $112,367 (-67%) from 2014

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2014: $518,024Liabilities 2014: $237,206Net Assets 2014: $280,8182014Assets 2015: $106Liabilities 2015: $0Net Assets 2015: $1062015

Highlighted filing

2015

Assets$106
Liabilities$0
Net Assets$106

Operations Trend

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

$200K$0-$200K-$400KRevenue 2014: $7,927Expenses 2014: $176,272Net Income 2014: -$168,3452014Revenue 2015: -$263,079Expenses 2015: $17,633Net Income 2015: -$280,7122015

Highlighted filing

2015

Revenue-$263,079
Expenses$17,633
Net Income-$280,712

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 10, 2016
Return Version
2014v6.0
Gross Receipts
$2,311
Mission and Program Overview

Mission

To secure an authorizer's approval of an applicaiton to operate a public charter school serving kindergarten through 5th grades in richmond, indiana.

Formerly a public charter school. Currently winding up operations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$517,424$0▼ $517,424
Savings and Temporary Cash Investments$601$106▼ $495
Cash and Non-Interest-Bearing Accounts$-1--
Total Assets$518,024$106▼ $517,918
Liabilities
Mortgage Notes Payable Secured by Investment Property$190,079$0▼ $190,079
Unsecured Notes Loans Payable$46,366$0▼ $46,366
Accounts Payable and Accrued Expenses$761--
Total Liabilities$237,206$0▼ $237,206
Net Assets / Fund Balance
Unrestricted Net Assets$280,818$106▼ $280,712
Total Net Assets Fund Balance$280,818$106▼ $280,712
Total Liabilities and Net Assets / Fund Balance$518,024$106▼ $517,918
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sabrina PenningtonBoard President
Darryl DeckerBoard Secretary
Charlie NelmsDirector
Delores HazzardDirector
James HazzardDirector
Sheila ArmsteadDirector
Kevin L Handley SrChief Academic Officer
Paul H RunyonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,500
Program Service Revenue
$0
Investment Income
$-265,378
Other Revenue
$799
Change in Net Assets
$-280,712
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$17,633
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance-$4,569-$4,569
Fees for Services Management-$3,205-$3,205
Interest-$1,556-$1,556
Other Expenses-$260-$260
Office Expenses-$140-$140
Total Functional Expenses$0$17,633$0$17,633
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
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
Other officer compensation reviewed
No
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, Section A, Line 2

Board members james hazzard and delores hazzard are husband and wife.

Form 990, Part VI, Section A, Line 8B

No committee is authorized to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11

The form 990 is reviewed by the organization's treasurer. A complete copy of the form 990 is sent electronically to all board members and to the organization's chief academic officer before it is filed.

Form 990, Part VI, Section B, Line 12C

The members of the board of directors disclose annually business relationships that may create a conflict of interest. In addition, the relatively small size of the organization and knowledge of the limited number of service providers allows management to be aware of potential conflicts. Every payment made is reviewed and approved by both the chief academic officer and the treasurer and all expenses are reported to the board monthly.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and financial statements are made available to the the public upon request.

Form 990, Part VII

Sabrina pennington - 4601 south b street, richmond, in 47374. Darryl decker - 101 southwest 4th street, richmond, in 47374. James hazzard - 3771 north s.r.9, p.o. Box 543, greenfield, in 46140. Delores hazzard - 3771 north s.r.9, p.o. Box 543, greenfield, in 46140. Sheila armstead - 3369 inke road, richmond, in 47374. Charlie nelms - 3707 e. Reed court, bloomington, in 47401. Kevin l. Handley, sr. - 1020 peacock road, richmond, in 47374. Paul h. Runyon - 216 south 32nd street , richmond, in 47374.

Filing and Contact Details

Filer

Filer Name
Discovery School Inc
EIN
11-3665278
Phone
7659771293
Address
PO BOX 741, RICHMOND, IN 47375
Doing Business As
Galileo Charter School

Signing Officer

Name
Paul H Runyon
Title
Treasurer
Phone
7659771293
Signed
2016-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin L Handley
Formed
2002
Legal Domicile
In
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Brady Ware & Schoenfeld Inc
Address
ONE WOODSIDE DRIVE, RICHMOND, IN 47374
Preparer
Suzanne K Miller CPA
Phone
7659660531
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

In 2013, the school received notification from its charter sponsor, ball state university, that the sponsor would not renew the charter when it expired on june 30, 2013. With the loss of the charter, funding from the state of indiana also ceased as of june 30, 2013. Funding from the state of indiana comprised substantially all of the organization's revenue. The board of directors is investigating other means by which it could provide service to the community, along with potential sources of funding. The loss of the school's charter, along with the absence of an identifiable alternative source of funding, raises substantial doubt about the organization's ability to continue as a going concern.

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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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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0SCHOOL MARKETING/ADVERTISING MATERIALS SPECIFY THAT IT IS A FREE PUBLIC CHARTER SCHOOL OPEN TO ANY STUDENTS IN GRADES K-5 LIVING IN INDIANA. ITS ENROLLMENT MATERIALS, STUDENT HANDBOOK, ETC. SPECIFY THAT THE SCHOOL DOES NOT DISCRIMINATE ON THE BASIS OF GENDER, RACE, ETHNICITY, RELIGION, OR DISABILITY.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1IN 2013, THE SCHOOL RECEIVED NOTIFICATION FROM ITS CHARTER SPONSOR, BALL STATE UNIVERSITY, THAT THE SPONSOR WOULD NOT RENEW THE CHARTER WHEN IT EXPIRES ON JUNE 30, 2013. WITH THE LOSS OF THE CHARTER, FUNDING FROM THE STATE OF INDIANA ALSO CEASED AS OF JUNE 30, 2013.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2FORMERLY A PUBLIC CHARTER SCHOOL.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IN 2013, THE SCHOOL RECEIVED NOTIFICATION FROM ITS CHARTER SPONSOR, BALL STATE UNIVERSITY, THAT THE SPONSOR WOULD NOT RENEW THE CHARTER WHEN IT EXPIRED ON JUNE 30, 2013. WITH THE LOSS OF THE CHARTER, FUNDING FROM THE STATE OF INDIANA ALSO CEASED AS OF JUNE 30, 2013. FUNDING FROM THE STATE OF INDIANA COMPRISED SUBSTANTIALLY ALL OF THE ORGANIZATION'S REVENUE. THE BOARD OF DIRECTORS IS INVESTIGATING OTHER MEANS BY WHICH IT COULD PROVIDE SERVICE TO THE COMMUNITY, ALONG WITH POTENTIAL SOURCES OF FUNDING. THE LOSS OF THE SCHOOL'S CHARTER, ALONG WITH THE ABSENCE OF AN IDENTIFIABLE ALTERNATIVE SOURCE OF FUNDING, RAISES SUBSTANTIAL DOUBT ABOUT THE ORGANIZATION'S ABILITY TO CONTINUE AS A GOING CONCERN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS JAMES HAZZARD AND DELORES HAZZARD ARE HUSBAND AND WIFE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO COMMITTEE IS AUTHORIZED TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S TREASURER. A COMPLETE COPY OF THE FORM 990 IS SENT ELECTRONICALLY TO ALL BOARD MEMBERS AND TO THE ORGANIZATION'S CHIEF ACADEMIC OFFICER BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MEMBERS OF THE BOARD OF DIRECTORS DISCLOSE ANNUALLY BUSINESS RELATIONSHIPS THAT MAY CREATE A CONFLICT OF INTEREST. IN ADDITION, THE RELATIVELY SMALL SIZE OF THE ORGANIZATION AND KNOWLEDGE OF THE LIMITED NUMBER OF SERVICE PROVIDERS ALLOWS MANAGEMENT TO BE AWARE OF POTENTIAL CONFLICTS. EVERY PAYMENT MADE IS REVIEWED AND APPROVED BY BOTH THE CHIEF ACADEMIC OFFICER AND THE TREASURER AND ALL EXPENSES ARE REPORTED TO THE BOARD MONTHLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SABRINA PENNINGTON - 4601 SOUTH B STREET, RICHMOND, IN 47374. DARRYL DECKER - 101 SOUTHWEST 4TH STREET, RICHMOND, IN 47374. JAMES HAZZARD - 3771 NORTH S.R.9, P.O. BOX 543, GREENFIELD, IN 46140. DELORES HAZZARD - 3771 NORTH S.R.9, P.O. BOX 543, GREENFIELD, IN 46140. SHEILA ARMSTEAD - 3369 INKE ROAD, RICHMOND, IN 47374. CHARLIE NELMS - 3707 E. REED COURT, BLOOMINGTON, IN 47401. KEVIN L. HANDLEY, SR. - 1020 PEACOCK ROAD, RICHMOND, IN 47374. PAUL H. RUNYON - 216 SOUTH 32ND STREET , RICHMOND, IN 47374.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VII
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0518024
IRS990/TotalAssetsEOYAmt0106
IRS990/TotalAssetsGrp/BOYAmt0518024
IRS990/TotalAssetsGrp/EOYAmt0106
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01500
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt017633
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt017633
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0237206
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt0237206
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0280818
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0106
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-265378
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0799
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-263079
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0518024
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0106
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0280818
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0106
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt046366
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01020 PEACOCK ROAD
IRS990/USAddress/CityNm0RICHMOND
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd047374
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PAUL H RUNYON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07659771293
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DISCOVERY SCHOOL INC
ReturnHeader/Filer/BusinessNameControlTxt0DISC
ReturnHeader/Filer/EIN0113665278
ReturnHeader/Filer/PhoneNum07659771293
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 741
ReturnHeader/Filer/USAddress/CityNm0RICHMOND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd047375
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351476702
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRADY WARE & SCHOENFELD INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE WOODSIDE DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RICHMOND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd047374
ReturnHeader/PreparerPersonGrp/PhoneNum07659660531
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SUZANNE K MILLER CPA
ReturnHeader/ReturnTs02016-05-13T10:48:17-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

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