Civic Intelligence

Central Indiana Military Academy Inc

EIN 20-2693656 • 501(c)3 • Anderson, IN

Profile

The organization is a public charter school authorized by ball state university; a military-style academy for girls and boys that focuses on a college preparatory curriculum of liberal arts and sciences. The organization is tuition-free and open to any student in the state of indiana, regardless of race, age, sex, national origin or disability. The academy is guided by both the letter and the spirit of title vi of the civil rights act, title ix of the higher education act of 1972, section 504 of the rehabilitation act of 1973, and the americans with disabilities act of 1990.

101 West 29th StreetAnderson, IN 46016

www.goapa.org

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.31x

Higher debt load relative to assets than 63% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

42nd percentile

0.16x

Higher debt load relative to revenue than 42% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

45th percentile

2.7%

Higher net margin than 45% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

28th percentile

$122,787

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

52nd percentile

5.0%

Faster asset growth than 52% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Revenue Growth

32nd percentile

-0.4%

Faster revenue growth than 32% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Assets

Up

$5,279,138

Up $416,569 (+8.6%) from 2021

Liabilities

Down

$1,939,155

Down $212,753 (-9.9%) from 2021

Net Assets

Up

$3,339,983

Up $629,322 (+23%) from 2021

Revenue

Up

$11,182,351

Up $764,707 (+7.3%) from 2021

Expenses

Up

$10,775,072

Up $1,529,830 (+17%) from 2021

Net Income

Down

$407,279

Down $765,123 (-65%) from 2021

Trend Graphs

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2012: $6,675,695Liabilities 2012: $6,039,601Net Assets 2012: $636,0942012Assets 2013: $4,160,824Liabilities 2013: $2,894,102Net Assets 2013: $1,266,7222013Assets 2014: $3,787,247Liabilities 2014: $2,658,162Net Assets 2014: $1,129,0852014Assets 2015: $3,984,680Liabilities 2015: $2,854,907Net Assets 2015: $1,129,7732015Assets 2016: $4,008,999Liabilities 2016: $2,322,285Net Assets 2016: $1,686,7142016Assets 2017: $4,445,689Liabilities 2017: $2,337,578Net Assets 2017: $2,108,1112017Assets 2018: $4,214,895Liabilities 2018: $2,346,433Net Assets 2018: $1,868,4622018Assets 2019: $3,635,531Liabilities 2019: $2,026,040Net Assets 2019: $1,609,4912019Assets 2020: $4,724,971Liabilities 2020: $3,186,713Net Assets 2020: $1,538,2582020Assets 2021: $4,862,569Liabilities 2021: $2,151,908Net Assets 2021: $2,710,6612021Assets 2022: $5,279,138Liabilities 2022: $1,939,155Net Assets 2022: $3,339,9832022

Highlighted filing

2022

Assets$5,279,138
Liabilities$1,939,155
Net Assets$3,339,983

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2012: $6,378,9292012Expenses 2013: $6,752,5752013Revenue 2014: $6,910,892Expenses 2014: $7,048,529Net Income 2014: -$137,6372014Revenue 2015: $6,661,182Expenses 2015: $6,660,494Net Income 2015: $6882015Revenue 2016: $7,059,824Expenses 2016: $6,502,883Net Income 2016: $556,9412016Revenue 2017: $7,445,374Expenses 2017: $7,023,977Net Income 2017: $421,3972017Revenue 2018: $6,747,316Expenses 2018: $6,986,965Net Income 2018: -$239,6492018Revenue 2019: $7,118,784Expenses 2019: $7,377,755Net Income 2019: -$258,9712019Revenue 2020: $8,027,496Expenses 2020: $8,098,729Net Income 2020: -$71,2332020Revenue 2021: $10,417,644Expenses 2021: $9,245,242Net Income 2021: $1,172,4022021Revenue 2022: $11,182,351Expenses 2022: $10,775,072Net Income 2022: $407,2792022

Highlighted filing

2022

Revenue$11,182,351
Expenses$10,775,072
Net Income$407,279

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 12, 2023
Return Version
2021v4.0
Gross Receipts
$11,182,351
Mission and Program Overview

Mission

The organization is a public charter school authorized by ball state university; a military-style academy for girls and boys that focuses on a college preparatory curriculum of liberal arts and sciences. The organization is tuition-free and open to any student in the state of indiana, regardless of race, age, sex, national origin or disability. The academy is guided by both the letter and the spirit of title vi of the civil rights act, title ix of the higher education act of 1972, section 504 of the rehabilitation act of 1973, and the americans with disabilities act of 1990.

A military-style academy that focuses on a college preparatory curriculum

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,887,951$3,626,899▲ $738,948
Pledges and Grants Receivable$144,260$1,049,171▲ $904,911
Cash and Non-Interest-Bearing Accounts$1,673,729$448,098▼ $1,225,631
Prepaid Expenses and Deferred Charges$156,629$154,970▼ $1,659
Total Assets$4,862,569$5,279,138▲ $416,569
Liabilities
Accounts Payable and Accrued Expenses$734,749$976,538▲ $241,789
Other Liabilities$967,600$754,638▼ $212,962
Unsecured Notes Loans Payable$227,516$207,979▼ $19,537
Total Liabilities$1,929,865$1,939,155▲ $9,290
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,622,922$3,339,983▲ $717,061
Net Assets With Donor Restrictions$309,782--
Total Net Assets Fund Balance$2,932,704$3,339,983▲ $407,279
Total Liabilities and Net Assets / Fund Balance$4,862,569$5,279,138▲ $416,569

Asset Categories

AssetBook ValueDepreciationBasis
Land$320,000-$320,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jill BakerCEOFT$78,842$78,842

Board Members and Trustees

NameTitle
Mike CasuscelliChairman
Lorri BarnettVice Chairma
Angie DaileyDirector
Elisa FultonDirector
Ryan JohnsonDirector
Ryan LynchDirector
Dr Leroy QuashieSecretary
David AshbyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$10,659,604
Program Service Revenue
$113,885
Investment Income
$0
Other Revenue
$408,862
All Other Contributions
$28,578
Change in Net Assets
$407,279

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,182,351
Total Revenue per Audited Statements
$11,182,351
Total Revenue per Form 990
$11,182,351
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,337,980
Other Expenses$4,437,092
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,400,588$825,265-$5,225,853
Pension Plan Contributions$906,278$127,007-$1,033,285
Fees for Services Other$588,298$264,916-$853,214
Occupancy$795,780--$795,780
Depreciation Depletion$311,596--$311,596
Insurance-$130,006-$130,006
Current Officers, Directors, Trustees, and Key Employees-$78,842-$78,842
Interest$46,659--$46,659
Other Expenses$20,633$16,332-$36,965
All Other Expenses$16,937$382-$17,319
Total Functional Expenses$9,079,043$1,696,029$0$10,775,072

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,775,072
Total Expenses per Audited Statements$10,775,072
Total Expenses per Form 990$10,775,072
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable - Long Term$754,638
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
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, Page 6, Part VI, Line 11B

Tax return is prepared and when completed, the return is reviewed by the board and then signed by commandant.

Form 990, Page 6, Part VI, Line 12C

The conflict of interest policy is part of the charter contract the organization has with ball state university. It is enforced by administration and the school board.

Form 990, Page 6, Part VI, Line 15A

Reviewed annually by the board of directors

Form 990, Page 6, Part VI, Line 19

Documents are made available upon request by anyone requesting them via written communication or by telephone.

Filing and Contact Details

Filer

Filer Name
Central Indiana Military Academy
EIN
20-2693656
Phone
7656498472
Address
101 WEST 29TH STREET, ANDERSON, IN 46016
Doing Business As
Anderson Preparatory Academy

Signing Officer

Name
Jill Baker
Title
CEO
Phone
7656498472
Signed
2023-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jill Baker
Formed
2007
Legal Domicile
In
Voting Board Members
8
Independent Board Members
8
Employees
168

Preparer

Firm
Silverstone Business Solutions Inc
Address
12638 CASTETTER CT, FISHERS, IN 46038-1081
Preparer
Brett a Spangler
Phone
3174451118
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The organization is a public charter school authorized by ball state university; a military-style academy for girls and boys that focuses on a college preparatory curriculum of liberal arts and sciences. The organization is tuition-free and open to any student in the state of indiana, regardless of race, age, sex, national origin or disability. The academy is guided by both the letter and the spirit of title vi of the civil rights act, title ix of the higher education act of 1972, section 504 of the rehabilitation act of 1973, and the americans with disabilities act of 1990.

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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0320000
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTES PAYABLE - LONG TERM
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0RECEIVES BOTH FEDERAL AND STATE GRANTS
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A PUBLIC CHARTER SCHOOL AUTHORIZED BY BALL STATE UNIVERSITY; A MILITARY-STYLE ACADEMY FOR GIRLS AND BOYS THAT FOCUSES ON A COLLEGE PREPARATORY CURRICULUM OF LIBERAL ARTS AND SCIENCES. THE ORGANIZATION IS TUITION-FREE AND OPEN TO ANY STUDENT IN THE STATE OF INDIANA, REGARDLESS OF RACE, AGE, SEX, NATIONAL ORIGIN OR DISABILITY. THE ACADEMY IS GUIDED BY BOTH THE LETTER AND THE SPIRIT OF TITLE VI OF THE CIVIL RIGHTS ACT, TITLE IX OF THE HIGHER EDUCATION ACT OF 1972, SECTION 504 OF THE REHABILITATION ACT OF 1973, AND THE AMERICANS WITH DISABILITIES ACT OF 1990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TAX RETURN IS PREPARED AND WHEN COMPLETED, THE RETURN IS REVIEWED BY THE BOARD AND THEN SIGNED BY COMMANDANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS PART OF THE CHARTER CONTRACT THE ORGANIZATION HAS WITH BALL STATE UNIVERSITY. IT IS ENFORCED BY ADMINISTRATION AND THE SCHOOL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE MADE AVAILABLE UPON REQUEST BY ANYONE REQUESTING THEM VIA WRITTEN COMMUNICATION OR BY TELEPHONE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/USAddress/AddressLine1Txt0101 WEST 29TH STREET
IRS990/USAddress/CityNm0ANDERSON
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046016
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IRS990/WebsiteAddressTxt0WWW.GOAPA.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JILL BAKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07656498472
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CENTRAL INDIANA MILITARY ACADEMY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0CENT
ReturnHeader/Filer/EIN0202693656
ReturnHeader/Filer/PhoneNum07656498472
ReturnHeader/Filer/USAddress/AddressLine1Txt0101 WEST 29TH STREET
ReturnHeader/Filer/USAddress/CityNm0ANDERSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046016
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0473963020
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SILVERSTONE BUSINESS SOLUTIONS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt012638 CASTETTER CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FISHERS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0460381081
ReturnHeader/PreparerPersonGrp/PhoneNum03174451118
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRETT A SPANGLER
ReturnHeader/ReturnTs02023-05-15T20:27:57-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JILL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BARKER
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

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