Liabilities / Assets
81st percentile
Higher debt load relative to assets than 81% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.46x
Liabilities / Revenue
100th percentile
Higher debt load relative to revenue than 100% of similar nonprofits.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 968.6% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$518,024
No earlier filing loaded for comparison.
Net Assets
$280,818
No earlier filing loaded for comparison.
Liabilities
$237,206
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
$7,927
No earlier filing loaded for comparison.
Expenses
$176,272
No earlier filing loaded for comparison.
Net Income
-$168,345
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2013 to Jun 30, 2014
- Signed
- May 13, 2015
- Return Version
- 2013v4.0
- Gross Receipts
- $7,927
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.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $548,280 | $517,424 | ▼ $30,856 |
| Pledges and Grants Receivable | $27,566 | - | - |
| Prepaid Expenses and Deferred Charges | $14,039 | - | - |
| Savings and Temporary Cash Investments | $106,151 | $601 | ▼ $105,550 |
| Cash and Non-Interest-Bearing Accounts | - | $-1 | - |
| Total Assets | $696,036 | $518,024 | ▼ $178,012 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $190,079 | $190,079 | → $0 |
| Unsecured Notes Loans Payable | - | $46,366 | - |
| Accounts Payable and Accrued Expenses | $56,794 | $761 | ▼ $56,033 |
| Total Liabilities | $246,873 | $237,206 | ▼ $9,667 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $449,163 | $280,818 | ▼ $168,345 |
| Total Net Assets Fund Balance | $449,163 | $280,818 | ▼ $168,345 |
| Total Liabilities and Net Assets / Fund Balance | $696,036 | $518,024 | ▼ $178,012 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $500,951 | $174,895 | $675,846 |
| Equipment | $16,473 | $179,414 | $195,887 |
| Other Land Buildings | $0 | $104,076 | $104,076 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Kevin L Handley Sr | Chief Academic Officer | FT | $55,344 | $21,434 | $76,778 |
| Paul H Runyon | Treasurer | FT | $44,276 | $14,296 | $58,572 |
Board Members and Trustees
| Name | Title |
|---|---|
| Sabrina Pennington | Board President |
| Darryl Decker | Board Secretary |
| Charlie Nelms | Director |
| Delores Hazzard | Director |
| James Hazzard | Director |
| Sheila Armstead | Director |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $3,136
- Program Service Revenue
- $0
- Investment Income
- $302
- Other Revenue
- $4,489
- Change in Net Assets
- $-168,345
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $107,947 |
| Salaries, Compensation, and Employee Benefits | $68,325 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | - | $51,364 | - | $51,364 |
| Depreciation Depletion | - | $30,856 | - | $30,856 |
| Fees for Services Legal | - | $20,649 | - | $20,649 |
| Pension Plan Contributions | - | $13,985 | - | $13,985 |
| Insurance | - | $10,351 | - | $10,351 |
| Fees for Services Accounting | - | $7,856 | - | $7,856 |
| Office Expenses | - | $3,753 | - | $3,753 |
| Other Employee Benefits | - | $2,976 | - | $2,976 |
| Other Expenses | - | $2,627 | - | $2,627 |
| Fees for Services Management | - | $1,994 | - | $1,994 |
| Interest | - | $1,674 | - | $1,674 |
| All Other Expenses | - | $1,465 | - | $1,465 |
| Total Functional Expenses | $0 | $176,272 | $0 | $176,272 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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
- Backup withholding compliance
- 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
- 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, 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 B, Line 15
“Compensation of the organization's officers is determined annually and approved by the full board of directors. The board of directors does not believe that there is meaningful, readily available, comparable salary data to use in determining annual compensation of officers and has maintained salary adjustments for officers in line with other school employees.”
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.”
Filing and Contact Details
Filer
- EIN
- 11-3665278
- Phone
- 7659771293
Signing Officer
- Name
- Paul H Runyon
- Title
- Treasurer
- Phone
- 7659771293
- Signed
- 2015-05-13
- 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
- 36
- Volunteers
- 0
Preparer
- 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.”
Raw XML Appendix376 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 56794 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 761 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO SECURE AN AUTHORIZER'S APPROVAL OF AN APPLICAITON TO OPERATE A PUBLIC CHARTER SCHOOL SERVING KINDERGARTEN THROUGH 5TH GRADES IN RICHMOND, INDIANA. |
| IRS990/AddressChangeInd | 0 | X |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 1465 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 1465 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1 | 0 | PAUL RUNYON |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 7659771293 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1 | 0 | 777 NORTH 12TH STREET |
| IRS990/BooksInCareOfDetail/USAddress/City | 0 | RICHMOND |
| IRS990/BooksInCareOfDetail/USAddress/State | 0 | IN |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCode | 0 | 47374 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | -1 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 3136 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 302 |
| IRS990/CYOtherExpensesAmt | 0 | 107947 |
| IRS990/CYOtherRevenueAmt | 0 | 4489 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -168345 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 68325 |
| IRS990/CYTotalExpensesAmt | 0 | 176272 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 7927 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 30856 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 30856 |
| IRS990/Desc | 0 | THE ORGANIZATION IS PURSUING APPROVAL OF AN APPLICATION TO OPERATE A PUBLIC CHARTER SCHOOL TO SERVE STUDENTS IN KINDERGARTEN THROUGH 5TH GRADES IN RICHMOND, INDIANA. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DoingBusinessAsName/BusinessNameLine1 | 0 | GALILEO CHARTER SCHOOL |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 36 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 1 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 7856 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 7856 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 20649 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 20649 |
| IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt | 0 | 1994 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 1994 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 21434 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 14296 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | SABRINA PENNINGTON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | DARRYL DECKER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | JAMES HAZZARD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | DELORES HAZZARD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | SHEILA ARMSTEAD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | CHARLIE NELMS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | KEVIN L HANDLEY SR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | PAUL H RUNYON |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 55344 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 44276 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | BOARD PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | BOARD SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | CHIEF ACADEMIC OFFICER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | TREASURER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2002 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 6 |
| IRS990/GovernmentGrantsAmt | 0 | 3136 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 7927 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 6 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 10351 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 10351 |
| IRS990/InterestGrp/ManagementAndGeneralAmt | 0 | 1674 |
| IRS990/InterestGrp/TotalAmt | 0 | 1674 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 302 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 302 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 15 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 458385 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 548280 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 517424 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 975809 |
| IRS990/LegalDomicileStateCd | 0 | IN |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 0 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | TO SECURE AN AUTHORIZER'S APPROVAL OF AN APPLICAITON TO OPERATE A PUBLIC CHARTER SCHOOL SERVING KINDERGARTEN THROUGH 5TH GRADES IN RICHMOND, INDIANA. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 190079 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 190079 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 449163 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 280818 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 3753 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 3753 |
| IRS990/OfficerMailingAddressInd | 0 | 1 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 2976 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 2976 |
| IRS990/OtherExpensesGrp/Desc | 0 | UTILITIES |
| IRS990/OtherExpensesGrp/Desc | 1 | BUILDING RENTAL |
| IRS990/OtherExpensesGrp/Desc | 2 | SUPPLIES |
| IRS990/OtherExpensesGrp/Desc | 3 | FEES, DUES, & SUBSCRIPT |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 15474 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 8588 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 2660 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 3 | 2627 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 15474 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 8588 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 2660 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 2627 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | OTHER INCOME |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 4489 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 4489 |
| IRS990/OtherRevenueTotalAmt | 0 | 4489 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 51364 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 51364 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 13985 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 13985 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 27566 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 14039 |
| IRS990/PrincipalOfficerNm | 0 | KEVIN L HANDLEY |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 2311441 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 3364 |
| IRS990/PYOtherExpensesAmt | 0 | 782709 |
| IRS990/PYOtherRevenueAmt | 0 | 1480 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 708 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 302765 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 1231519 |
| IRS990/PYTotalExpensesAmt | 0 | 2014228 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 2316993 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -168345 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 106151 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 601 |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 500951 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 174895 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 675846 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 16473 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 179414 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 195887 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 0 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 104076 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 104076 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 517424 |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | 1 |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | 0 |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | 1 |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | 0 |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | 1 |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | 1 |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | 1 |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | 1 |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | 1 |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | SCHOOL 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/ExplanationTxt | 1 | IN 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/ExplanationTxt | 2 | THE ORGANIZATION IS PURSUING APPROVAL OF AN APPLICATION TO OPERATE A PUBLIC CHARTER SCHOOL TO SERVE STUDENTS IN KINDERGARTEN THROUGH 5TH GRADES IN RICHMOND, INDIANA. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE E, PART I, LINE 3 |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | SCHEDULE E, PART I, LINE 6 |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | SCHEDULE E EXTRA INFORMATION |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | BOARD MEMBERS JAMES HAZZARD AND DELORES HAZZARD ARE HUSBAND AND WIFE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | NO COMMITTEE IS AUTHORIZED TO ACT ON BEHALF OF THE GOVERNING BODY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | COMPENSATION OF THE ORGANIZATION'S OFFICERS IS DETERMINED ANNUALLY AND APPROVED BY THE FULL BOARD OF DIRECTORS. THE BOARD OF DIRECTORS DOES NOT BELIEVE THAT THERE IS MEANINGFUL, READILY AVAILABLE, COMPARABLE SALARY DATA TO USE IN DETERMINING ANNUAL COMPENSATION OF OFFICERS AND HAS MAINTAINED SALARY ADJUSTMENTS FOR OFFICERS IN LINE WITH OTHER SCHOOL EMPLOYEES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | SABRINA PENNINGTON - 4601 SOUTH B STREET, RICHMOND, IN 47374. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART III, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION A, LINE 8B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART VII |
| IRS990/SchoolOperatingInd | 0 | 1 |
| IRS990/SignificantChangeInd | 0 | 1 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | IN |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 696036 |
| IRS990/TotalAssetsEOYAmt | 0 | 518024 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 696036 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 518024 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 3136 |
| IRS990/TotalEmployeeCnt | 0 | 36 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 176272 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 176272 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 246873 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 237206 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 246873 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 237206 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 449163 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 280818 |
| IRS990/TotalOtherCompensationAmt | 0 | 35730 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 99620 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 302 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 4489 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 7927 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 696036 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 518024 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 449163 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 280818 |
| IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt | 0 | 46366 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1 | 0 | 1020 PEACOCK ROAD |
| IRS990/USAddress/City | 0 | RICHMOND |
| IRS990/USAddress/State | 0 | IN |
| IRS990/USAddress/ZIPCode | 0 | 47374 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 6 |
| IRS990/VotingMembersIndependentCnt | 0 | 6 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2016-02-25 16:41:14Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | PAUL H RUNYON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7659771293 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2015-05-13 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1 | 0 | DISCOVERY SCHOOL INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | DISC |
| ReturnHeader/Filer/EIN | 0 | 113665278 |
| ReturnHeader/Filer/PhoneNum | 0 | 7659771293 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | PO BOX 741 |
| ReturnHeader/Filer/USAddress/City | 0 | RICHMOND |
| ReturnHeader/Filer/USAddress/State | 0 | IN |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 47375 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 351476702 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1 | 0 | BRADY WARE & SCHOENFELD INC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1 | 0 | ONE WOODSIDE DRIVE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City | 0 | RICHMOND |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State | 0 | IN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode | 0 | 47374 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7659660531 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2015-05-13 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | SUZANNE K MILLER CPA |
| ReturnHeader/ReturnTs | 0 | 2015-05-14T08:29:26-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2013-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2014-06-30 |
| ReturnHeader/TaxYr | 0 | 2013 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2014 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $518,024
- Liabilities
- $237,206
- Net assets
- $280,818
- Revenue
- $7,927
- Expenses
- $176,272
- Net income
- -$168,345