Civic Intelligence

Lighthouse Academies of Indiana Inc

990 • Fiscal year 2022 • EIN 20-1738905

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 13, 2023

Organization ProfileVICTORYCOLLEGEPREP.ORG

View Organization Page

1780 Sloan AveIndianapolis, IN 46203

(317) 351-1534

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

91st percentile

0.92x

Higher debt load relative to assets than 91% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

79th percentile

0.93x

Higher debt load relative to revenue than 79% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

69th percentile

18%

Higher net margin than 69% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

54th percentile

$189,635

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

82nd percentile

22%

Faster asset growth than 82% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

91st percentile

83%

Faster revenue growth than 91% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$16,035,849

Up $2,919,046 (+22%) from 2021

Net Assets

Up

$1,284,720

Up $2,906,376 (+179%) from 2021

Liabilities

Up

$14,751,129

Up $12,670 (+0.1%) from 2021

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin69th percentile

Revenue

Up

$15,931,838

Up $7,248,267 (+83%) from 2021

Expenses

Up

$13,025,462

Up $1,776,418 (+16%) from 2021

Net Income

Up

$2,906,376

Up $5,471,849 (+213%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth82nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0-$10MAssets 2010: $21,584,854Liabilities 2010: $19,676,915Net Assets 2010: $1,907,9392010Assets 2011: $20,875,921Liabilities 2011: $18,679,637Net Assets 2011: $2,196,2842011Assets 2012: $20,659,010Liabilities 2012: $19,296,815Net Assets 2012: $1,362,1952012Assets 2013: $8,873,635Liabilities 2013: $5,464,566Net Assets 2013: $3,409,0692013Assets 2014: $13,453,739Liabilities 2014: $12,508,198Net Assets 2014: $945,5412014Assets 2015: $12,130,649Liabilities 2015: $12,122,121Net Assets 2015: $8,5282015Assets 2016: $12,667,878Liabilities 2016: $12,267,432Net Assets 2016: $400,4462016Assets 2017: $18,811,534Liabilities 2017: $18,149,741Net Assets 2017: $661,7932017Assets 2018: $18,747,572Liabilities 2018: $18,299,242Net Assets 2018: $448,3302018Assets 2019: $17,075,842Liabilities 2019: $17,423,695Net Assets 2019: -$347,8532019Assets 2020: $17,806,675Liabilities 2020: $16,862,858Net Assets 2020: $943,8172020Assets 2021: $13,116,803Liabilities 2021: $14,738,459Net Assets 2021: -$1,621,6562021Assets 2022: $16,035,849Liabilities 2022: $14,751,129Net Assets 2022: $1,284,7202022Assets 2023: $19,181,231Liabilities 2023: $14,615,788Net Assets 2023: $4,565,4432023Assets 2024: $20,689,419Liabilities 2024: $14,933,383Net Assets 2024: $5,756,0362024Assets 2025: $20,048,496Liabilities 2025: $14,352,674Net Assets 2025: $5,695,8222025

Highlighted filing

2022

Assets$16,035,849
Liabilities$14,751,129
Net Assets$1,284,720
Open 2022 Filing

Operations Trend

Revenue Growth91st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2010: $27,507,1752010Expenses 2011: $28,247,5522011Expenses 2012: $30,130,8252012Expenses 2013: $30,653,4882013Revenue 2014: $13,454,916Expenses 2014: $13,876,069Net Income 2014: -$421,1532014Revenue 2015: $10,727,862Expenses 2015: $11,664,875Net Income 2015: -$937,0132015Revenue 2016: $11,898,736Expenses 2016: $11,506,818Net Income 2016: $391,9182016Revenue 2017: $12,758,987Expenses 2017: $12,497,640Net Income 2017: $261,3472017Revenue 2018: $14,613,865Expenses 2018: $14,827,328Net Income 2018: -$213,4632018Revenue 2019: $14,282,477Expenses 2019: $15,078,660Net Income 2019: -$796,1832019Revenue 2020: $11,667,069Expenses 2020: $10,583,387Net Income 2020: $1,083,6822020Revenue 2021: $8,683,571Expenses 2021: $11,249,044Net Income 2021: -$2,565,4732021Revenue 2022: $15,931,838Expenses 2022: $13,025,462Net Income 2022: $2,906,3762022Revenue 2023: $17,997,642Expenses 2023: $14,716,919Net Income 2023: $3,280,7232023Revenue 2024: $18,071,924Expenses 2024: $16,881,331Net Income 2024: $1,190,5932024Revenue 2025: $17,459,710Expenses 2025: $17,519,924Net Income 2025: -$60,2142025

Highlighted filing

2022

Revenue$15,931,838
Expenses$13,025,462
Net Income$2,906,376
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 13, 2023
Return Version
2021v4.2
Gross Receipts
$15,931,838
Mission and Program Overview

Mission

Our approach is to ensure academic success by increasing instructional time, small class sizes, and providing an academic foundation. Our core values are perseverance, communication, collaboration, and critical thinking.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,275,564$8,484,911▲ $209,347
Cash and Non-Interest-Bearing Accounts$2,568,518$5,379,977▲ $2,811,459
Pledges and Grants Receivable$1,264,572$1,027,699▼ $236,873
Prepaid Expenses and Deferred Charges$32,907$95,430▲ $62,523
Total Assets$13,116,803$16,035,849▲ $2,919,046
Other Assets Total$975,242$1,047,832▲ $72,590
Liabilities
Tax Exempt Bond Liabilities$13,077,201$12,949,166▼ $128,035
Accounts Payable and Accrued Expenses$851,383$992,088▲ $140,705
Other Liabilities$809,875$809,875→ $0
Total Liabilities$14,738,459$14,751,129▲ $12,670
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,621,656$1,284,720▲ $2,906,376
Total Net Assets Fund Balance$-1,621,656$1,284,720▲ $2,906,376
Total Liabilities and Net Assets / Fund Balance$13,116,803$16,035,849▲ $2,919,046

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,811,760$1,658,195$9,469,955
Equipment$539,484$1,139,066$1,678,550
Land$130,000-$130,000
Other Land Buildings$3,667$33,001$36,668
Other Assets Org$87,957--
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ryan GallExecutive DirectorFT$175,390$14,245$189,635

Board Members and Trustees

NameTitle
Adam CollinsPresident
Ezra BurdixVice President
Alexis-simone CalvinBoard Member
John MarshallBoard Member
Joseph MyersBoard Member
Molly CraftBoard Member
Rico FrancisBoard Member
Jess MonkChief Operating Officer
Marcie Brown-carterSecretary
Kara MastersonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Yojan Carpet CleaningCarpet Cleaning And Installation307 N BOEHNING ST, Indianapolis, IN 46219$161,275
Lavinia GroupEducation ServicesPO BOX 1319, Sag Harbor, NY 11963$120,096
Revenue and Support

Revenue Composition

Contributions and Grants
$15,687,723
Program Service Revenue
$116,880
Investment Income
$4,325
Other Revenue
$122,910
All Other Contributions
$10,107
Change in Net Assets
$2,906,376

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,931,838
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$15,931,838
Total Revenue per Form 990
$15,931,838
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,203,714
Other Expenses$4,821,748
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,790,898$719,865-$6,510,763
Occupancy$674,286--$674,286
Office Expenses$604,995$38,001-$642,996
Interest$620,507--$620,507
Other Employee Benefits$426,336$154,060-$580,396
Depreciation Depletion$564,885--$564,885
Payroll Taxes$432,869$54,826-$487,695
Current Officers, Directors, Trustees, and Key Employees$349,519$46,407-$395,926
Pension Plan Contributions$166,501$62,433-$228,934
Fees for Services Other$133,240$57,616-$190,856
Other Expenses$107,740$70,417-$178,157
Information Technology$105,881--$105,881
Fees for Services Accounting-$82,101-$82,101
Fees for Services Management-$55,724-$55,724
Fees for Services Legal-$14,268-$14,268
Total Functional Expenses$11,603,345$1,422,117$0$13,025,462

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$13,025,462
Total Expenses per Audited Statements$13,025,462
Total Expenses per Form 990$13,025,462
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Debt Service Reserve Fund$809,875

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIndiana Finance Authority2021-01-07$13,330,000Refund prior debt issued on 12/21/16 and pay costs associated with issuance

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$13,330,000-$150,000$263,781

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Organization's process to review form 990: vcp completes the 990 with assistance from their financial consultant. The copy is submitted board of directors before filing.”

Form 990, Part VI, Section B, Line 15

“Compensation process for top official: the board of directors compiles necessary data for a sound decision to be made around compensation for the executive director. All board members are involved in the decision making process and the board of directors must review, discuss and vote to approve compensation for the executive director. Compensation process for other officers and key employees: the board of directors compiles necessary data for a sound decision to be made around compensation for the key employees of the organization. All board members are involved in the decision making process and the board of directors must review, discuss and vote to approve compensation for the key employees of the organization.”

Form 990, Part VI, Section C, Line 19

“Governing documents disclosure explanation: the organization's governing documents are made available to the public on our website and upon request.”

Filing and Contact Details

Filer

Filer Name
Victory College Prep Inc
EIN
20-1738905
Phone
3173511534
Address
1780 SLOAN AVE, INDIANAPOLIS, IN 46203
Doing Business As
Victory College Prep

Signing Officer

Name
Ryan Gall
Title
Executive Director
Phone
3173511534
Signed
2023-03-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Collins
Formed
2004
Legal Domicile
In
Voting Board Members
10
Independent Board Members
10
Employees
139
Volunteers
0

Preparer

Firm
Donovan Pc
Address
5151 E US HWY 36, AVON, IN 46123
Preparer
Rex E Miller CPA Cgma
Phone
3177456411
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“Committee for oversight of audit: the process for oversight of the independent audit of vcp has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“Professional accounting standards require the school to recognize a tax liability only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax liability that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax liability is recorded. The school examined this issue and determined there are no material contingent tax liabilities or questionable tax positions. Tax years ended after june 30, 2018 are open to audit for both federal and state purposes.”

Raw XML AppendixShowing 400 of 551 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt015677261
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt015931838
IRS990/GrossRentsGrp/RealAmt080000
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0105881
IRS990/InformationTechnologyGrp/TotalAmt0105881
IRS990/InterestGrp/ProgramServicesAmt0620507
IRS990/InterestGrp/TotalAmt0620507
IRS990/InvestmentIncomeGrp/ExclusionAmt04325
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04325
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt028
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02830262
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08275564
IRS990/LandBldgEquipBasisNetGrp/EOYAmt08484911
IRS990/LandBldgEquipCostOrOtherBssAmt011315173
IRS990/LegalDomicileStateCd0IN
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SEE SCHEDULE O
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NameChangeInd0X
IRS990/NetAssetsOrFundBalancesBOYAmt0-1621656
IRS990/NetAssetsOrFundBalancesEOYAmt01284720
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt080000
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt080000
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1621656
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01284720
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0674286
IRS990/OccupancyGrp/TotalAmt0674286
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt038001
IRS990/OfficeExpensesGrp/ProgramServicesAmt0604995
IRS990/OfficeExpensesGrp/TotalAmt0642996
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0975242
IRS990/OtherAssetsTotalGrp/EOYAmt01047832
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0154060
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0426336
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0580396
IRS990/OtherExpensesGrp/Desc0STUDENT TRANSPORTATION
IRS990/OtherExpensesGrp/Desc1FOOD SERVICE
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt066399
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt170417
IRS990/OtherExpensesGrp/ProgramServicesAmt01057425
IRS990/OtherExpensesGrp/ProgramServicesAmt1440832
IRS990/OtherExpensesGrp/ProgramServicesAmt2127431
IRS990/OtherExpensesGrp/ProgramServicesAmt3107740
IRS990/OtherExpensesGrp/TotalAmt01057425
IRS990/OtherExpensesGrp/TotalAmt1440832
IRS990/OtherExpensesGrp/TotalAmt2193830
IRS990/OtherExpensesGrp/TotalAmt3178157
IRS990/OtherLiabilitiesGrp/BOYAmt0809875
IRS990/OtherLiabilitiesGrp/EOYAmt0809875
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt042910
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt042910
IRS990/OtherRevenueTotalAmt042910
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0719865
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05790898
IRS990/OtherSalariesAndWagesGrp/TotalAmt06510763
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt054826
IRS990/PayrollTaxesGrp/ProgramServicesAmt0432869
IRS990/PayrollTaxesGrp/TotalAmt0487695
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt062433
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0166501
IRS990/PensionPlanContributionsGrp/TotalAmt0228934
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01264572
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01027699
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt032907
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt095430
IRS990/PrincipalOfficerNm0ADAM COLLINS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0116880
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0116880
IRS990/ProgSrvcAccomActy2Grp/Desc0WE EXPANDED OUR NETWORK SUPPORT TEAM TO INCLUDE A CHIEF OPERATING OFFICER, TALENT AND COMMUNICATIONS COORDINATOR, CHIEF READINESS OFFICER, AND CHIEF ACADEMIC OFFICER.
IRS990/ProgSrvcAccomActy3Grp/Desc0INCREASED PROFICIENCY AND GROWTH ON ILEARN.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt012123524
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-1996774
IRS990/PYOtherExpensesAmt04641441
IRS990/PYOtherRevenueAmt0-1533261
IRS990/PYProgramServiceRevenueAmt090082
IRS990/PYRevenuesLessExpensesAmt0-2565473
IRS990/PYSalariesCompEmpBnftPaidAmt06607603
IRS990/PYTotalExpensesAmt011249044
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08683571
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt02906376
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt080000
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0116880
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt07811760
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01658195
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09469955
IRS990ScheduleD/EquipmentGrp/BookValueAmt0539484
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01139066
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01678550
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt013025462
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0130000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0130000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0959875
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt187957
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CASH - RESTRICTED FOR DEBT SERVICE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CASH - RESTRICTED FOR PROPERTY REPAIRS AND REPLACEMENT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03667
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt033001
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt036668
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0809875
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEBT SERVICE RESERVE FUND
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt015931838
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PROFESSIONAL ACCOUNTING STANDARDS REQUIRE THE SCHOOL TO RECOGNIZE A TAX LIABILITY ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX LIABILITY THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX LIABILITY IS RECORDED. THE SCHOOL EXAMINED THIS ISSUE AND DETERMINED THERE ARE NO MATERIAL CONTINGENT TAX LIABILITIES OR QUESTIONABLE TAX POSITIONS. TAX YEARS ENDED AFTER JUNE 30, 2018 ARE OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08484911
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01047832
IRS990ScheduleD/TotalExpensesPerForm990Amt013025462
IRS990ScheduleD/TotalLiabilityAmt0809875
IRS990ScheduleD/TotalRevenuePerForm990Amt015931838
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt015931838
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt013025462
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S NONDISCRIMINATION POLICY IS PRINTED ON ALL MARKETING MATERIALS, ENROLLMENT FORMS, AND THE ORGANIZATION'S WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE CHARTER SCHOOLS OPERATED BY THE ORGANIZATION RECEIVE STATE AND LOCAL FUNDS UNDER THE INDIANA CHARTER SCHOOL ACT (INDIANA CODE 20-24) AND ALSO EDUCATION AND NUTRITION FUNDING UNDER VARIOUS FEDERAL PROGRAMS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0175390
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,035,849
Liabilities
$14,751,129
Net assets
$1,284,720
Revenue
$15,931,838
Expenses
$13,025,462
Net income
$2,906,376
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$20.0$14.4$5.70$17.5$17.5$0.06
2024Detailed filing. Detailed filing data is available for this year.$20.7$14.9$5.76$18.1$16.9$1.19
2023Detailed filing. Detailed filing data is available for this year.$19.2$14.6$4.57$18.0$14.7$3.28
2022Detailed filing. Detailed filing data is available for this year.$16.0$14.8$1.28$15.9$13.0$2.91
2021Detailed filing. Detailed filing data is available for this year.$13.1$14.7$1.62$8.68$11.2$2.57
2020Detailed filing. Detailed filing data is available for this year.$17.8$16.9$0.94$11.7$10.6$1.08
2019Detailed filing. Detailed filing data is available for this year.$17.1$17.4$0.35$14.3$15.1$0.80
2018Detailed filing. Detailed filing data is available for this year.$18.7$18.3$0.45$14.6$14.8$0.21
2017Detailed filing. Detailed filing data is available for this year.$18.8$18.1$0.66$12.8$12.5$0.26
2016Detailed filing. Detailed filing data is available for this year.$12.7$12.3$0.40$11.9$11.5$0.39
2015Summary only. Only limited summary data is available for this year.$12.1$12.1$0.01$10.7$11.7$0.94
2014Detailed filing. Detailed filing data is available for this year.$13.5$12.5$0.95$13.5$13.9$0.42
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.87$5.46$3.41$30.7
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.7$19.3$1.36$30.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.9$18.7$2.20$28.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.6$19.7$1.91$27.5