Civic Intelligence

Options in Education Foundation Inc.

990 • Fiscal year 2022 • EIN 20-4996801

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

Organization ProfileN/A
18077 River Rd Suite 106Noblesville, IN 46062

(317) 773-8659

Siviq Scores

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

Liabilities / Assets

80th percentile

0.50x

Higher debt load relative to assets than 80% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

94th percentile

4.42x

Higher debt load relative to revenue than 94% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

87th percentile

46%

Higher net margin than 87% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

58th percentile

4.0%

Faster asset growth than 58% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

5th percentile

-62%

Faster revenue growth than 5% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$7,243,218

Up $280,719 (+4.0%) from 2021

Net Assets

Up

$3,657,208

Up $375,234 (+11%) from 2021

Liabilities

Down

$3,586,010

Down $94,515 (-2.6%) from 2021

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin87th percentile

Revenue

Down

$810,817

Down $1,309,085 (-62%) from 2021

Expenses

Up

$435,583

Up $376,403 (+636%) from 2021

Net Income

Down

$375,234

Down $1,685,488 (-82%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth58th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $5,530Liabilities 2011: $02011Assets 2012: $6,968Liabilities 2012: $02012Assets 2013: $8,219Liabilities 2013: $02013Assets 2014: $15,650Liabilities 2014: $02014Assets 2015: $18,838Net Assets 2015: $18,8382015Assets 2016: $37,812Net Assets 2016: $37,8122016Assets 2017: $31,315Net Assets 2017: $31,3152017Assets 2018: $57,645Net Assets 2018: $57,6452018Assets 2019: $48,471Net Assets 2019: $48,4712019Assets 2020: $1,362,162Liabilities 2020: $0Net Assets 2020: $1,362,1622020Assets 2021: $6,962,499Liabilities 2021: $3,680,525Net Assets 2021: $3,281,9742021Assets 2022: $7,243,218Liabilities 2022: $3,586,010Net Assets 2022: $3,657,2082022Assets 2023: $7,227,870Liabilities 2023: $3,441,392Net Assets 2023: $3,786,4782023Assets 2024: $7,103,688Liabilities 2024: $3,286,976Net Assets 2024: $3,816,7122024

Highlighted filing

2022

Assets$7,243,218
Liabilities$3,586,010
Net Assets$3,657,208
Open 2022 Filing

Operations Trend

Revenue Growth5th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $51,295Expenses 2011: $54,176Net Income 2011: -$2,8812011Revenue 2012: $70,144Expenses 2012: $68,707Net Income 2012: $1,4372012Revenue 2013: $18,268Expenses 2013: $17,018Net Income 2013: $1,2502013Revenue 2014: $40,851Expenses 2014: $33,420Net Income 2014: $7,4312014Revenue 2015: $62,834Expenses 2015: $59,645Net Income 2015: $3,1892015Revenue 2016: $65,480Expenses 2016: $46,507Net Income 2016: $18,9732016Revenue 2017: $54,586Expenses 2017: $61,083Net Income 2017: -$6,4972017Revenue 2018: $94,862Expenses 2018: $68,532Net Income 2018: $26,3302018Revenue 2019: $27,031Expenses 2019: $36,202Net Income 2019: -$9,1712019Revenue 2020: $1,340,337Expenses 2020: $26,646Net Income 2020: $1,313,6912020Revenue 2021: $2,119,902Expenses 2021: $59,180Net Income 2021: $2,060,7222021Revenue 2022: $810,817Expenses 2022: $435,583Net Income 2022: $375,2342022Revenue 2023: $512,087Expenses 2023: $383,775Net Income 2023: $128,3122023Revenue 2024: $392,249Expenses 2024: $362,015Net Income 2024: $30,2342024

Highlighted filing

2022

Revenue$810,817
Expenses$435,583
Net Income$375,234
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.0
Gross Receipts
$810,817
Mission and Program Overview

Mission

To support educational institutions, options charter schools, noblesville and carmel/westfield.

To support educational institutions, options charter schools, noblesville and westfield.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,675,752$6,717,584▲ $1,041,832
Cash and Non-Interest-Bearing Accounts$1,286,747$137,919▼ $1,148,828
Prepaid Expenses and Deferred Charges-$9,384-
Intangible Assets-$5,696-
Total Assets$6,962,499$7,243,218▲ $280,719
Other Assets Total-$372,635-
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,680,000$3,557,810▼ $122,190
Deferred Revenue-$25,000-
Other Liabilities-$3,200-
Accounts Payable and Accrued Expenses$525--
Total Liabilities$3,680,525$3,586,010▼ $94,515
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,281,974$3,657,208▲ $375,234
Total Net Assets Fund Balance$3,281,974$3,657,208▲ $375,234
Total Liabilities and Net Assets / Fund Balance$6,962,499$7,243,218▲ $280,719

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,250,152$434,187$5,684,339
Land$1,313,090-$1,313,090
Equipment$145,609$14,266$159,875
Other Land Buildings$8,733$474$9,207
Other Assets Org$372,635--
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Matthew AbbottBoard Chair
John KerrVice Chair
Bob BarkerMember
Hannah HeuserMember
Patricia NguyenMember
Stacy SegalMember
Travis CarmeanMember
Thomas Lyons IiiSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$810,817
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$413,041
Change in Net Assets
$375,234

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table2$382,920
Total Noncash Contributions2$382,920
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$435,583
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
Depreciation Depletion-$154,062-$154,062
Interest-$114,967-$114,967
Occupancy$18,559--$18,559
Fees for Services Management$9,915--$9,915
Fees for Services Accounting-$4,770-$4,770
Other Expenses$980$6,472-$980
Fees for Services Legal-$394-$394
Travel-$195-$195
Fees for Services Other$109--$109
Total Functional Expenses$154,723$280,860$0$435,583
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
Security Deposit$3,200
Governance and Compliance

Governance Checklist

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

“Review by cfo, then by full board at meeting.”

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

“Members review the policy and conflicts annually and sign a form stating possible conflicts.”

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

“N/a. Foundation does not have any staff or pay any management personnel.”

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

“N/a. Foundation does not have any staff or pay any management personnel.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Options in Education
EIN
20-4996801
Phone
3177738659
Address
18077 RIVER RD SUITE 106, NOBLESVILLE, IN 46062

Signing Officer

Name
Jack Colwell
Title
Controller
Phone
3177738659
Signed
2023-05-15

Organization Details

Principal Officer
Jack Colwell
Legal Domicile
In
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Charles Madden Pc
Address
850 FORT WAYNE AVE, INDIANAPOLIS, IN 46204
Preparer
Daniel Marsh
Phone
3172660480
Raw XML Appendix378 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEW BY CFO, THEN BY FULL BOARD AT MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS REVIEW THE POLICY AND CONFLICTS ANNUALLY AND SIGN A FORM STATING POSSIBLE CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2N/A. FOUNDATION DOES NOT HAVE ANY STAFF OR PAY ANY MANAGEMENT PERSONNEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3N/A. FOUNDATION DOES NOT HAVE ANY STAFF OR PAY ANY MANAGEMENT PERSONNEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0352157301
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NOBLESVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd046062
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0397776
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1110186
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0OPTIONS SCHOOLS INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1OPTIONS SCHOOLS INC
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IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt06962499
IRS990/TotalAssetsEOYAmt07243218
IRS990/TotalAssetsGrp/BOYAmt06962499
IRS990/TotalAssetsGrp/EOYAmt07243218
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0810817
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0280860
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0154723
IRS990/TotalFunctionalExpensesGrp/TotalAmt0435583
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03680525
IRS990/TotalLiabilitiesEOYAmt03586010
IRS990/TotalLiabilitiesGrp/BOYAmt03680525
IRS990/TotalLiabilitiesGrp/EOYAmt03586010
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03281974
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03657208
IRS990/TotalProgramServiceExpensesAmt0154723
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0810817
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06962499
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07243218
IRS990/TravelGrp/ManagementAndGeneralAmt0195
IRS990/TravelGrp/TotalAmt0195
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IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JACK COLWELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CONTROLLER
ReturnHeader/BusinessOfficerGrp/PhoneNum03177738659
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OPTIONS IN EDUCATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0OPTI
ReturnHeader/Filer/EIN0204996801
ReturnHeader/Filer/PhoneNum03177738659
ReturnHeader/Filer/USAddress/AddressLine1Txt018077 RIVER RD SUITE 106
ReturnHeader/Filer/USAddress/CityNm0NOBLESVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046062
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200503296
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHARLES MADDEN PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0850 FORT WAYNE AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046204
ReturnHeader/PreparerPersonGrp/PhoneNum03172660480
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL MARSH
ReturnHeader/ReturnTs02023-05-15T13:11:12-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JAKE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BRANDAU
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$7,243,218
Liabilities
$3,586,010
Net assets
$3,657,208
Revenue
$810,817
Expenses
$435,583
Net income
$375,234
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.10$3.29$3.82$0.39$0.36$0.03
2023Detailed filing. Detailed filing data is available for this year.$7.23$3.44$3.79$0.51$0.38$0.13
2022Detailed filing. Detailed filing data is available for this year.$7.24$3.59$3.66$0.81$0.44$0.38
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.96$3.68$3.28$2.12$0.06$2.06
2020Detailed filing. Detailed filing data is available for this year.$1.36$0.00$1.36$1.34$0.03$1.31
2019Detailed filing. Detailed filing data is available for this year.$0.05$0.05$0.03$0.04$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.06$0.06$0.09$0.07$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.03$0.03$0.05$0.06$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.04$0.04$0.07$0.05$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.02$0.02$0.06$0.06$0.00
2014Summary only. Only limited summary data is available for this year.$0.02$0.00$0.04$0.03$0.01
2013Summary only. Only limited summary data is available for this year.$0.01$0.00$0.02$0.02$0.00
2012Summary only. Only limited summary data is available for this year.$0.01$0.00$0.07$0.07$0.00
2011Summary only. Only limited summary data is available for this year.$0.01$0.00$0.05$0.05$0.00