Civic Intelligence

Indiana Math and Science Academy - Indianapolis Inc.

990 • Fiscal year 2017 • EIN 20-5751308

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 27, 2018

Organization Profilewww.imsaindy.org

Refreshing map…

4575 W 38th StIndianapolis, IN 46254

(317) 462-2049

Siviq Scores

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

Liabilities / Assets

86th percentile

0.81x

Higher debt load relative to assets than 86% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

76th percentile

0.64x

Higher debt load relative to revenue than 76% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

42nd percentile

0.9%

Higher net margin than 42% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

19th percentile

-3.8%

Faster asset growth than 19% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

65th percentile

11%

Faster revenue growth than 65% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$4,402,379

Down $174,168 (-3.8%) from 2016

Net Assets

Up

$840,891

Up $50,669 (+6.4%) from 2016

Liabilities

Down

$3,561,488

Down $224,837 (-5.9%) from 2016

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin42nd percentile

Revenue

Up

$5,573,012

Up $572,002 (+11%) from 2016

Expenses

Up

$5,522,343

Up $693,004 (+14%) from 2016

Net Income

Down

$50,669

Down $121,002 (-70%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$10M$5.0M$0Assets 2010: $2,768,732Liabilities 2010: $2,438,481Net Assets 2010: $330,2512010Assets 2011: $2,796,324Liabilities 2011: $2,246,312Net Assets 2011: $550,0122011Assets 2012: $3,065,959Liabilities 2012: $2,781,575Net Assets 2012: $284,3842012Assets 2013: $1,149,411Liabilities 2013: $255,314Net Assets 2013: $894,0972013Assets 2014: $1,057,878Liabilities 2014: $382,300Net Assets 2014: $675,5782014Assets 2015: $1,065,798Liabilities 2015: $447,247Net Assets 2015: $618,5512015Assets 2016: $4,576,547Liabilities 2016: $3,786,325Net Assets 2016: $790,2222016Assets 2017: $4,402,379Liabilities 2017: $3,561,488Net Assets 2017: $840,8912017Assets 2018: $4,485,545Liabilities 2018: $3,449,309Net Assets 2018: $1,036,2362018Assets 2019: $4,125,844Liabilities 2019: $2,886,434Net Assets 2019: $1,239,4102019Assets 2020: $5,119,630Liabilities 2020: $3,184,833Net Assets 2020: $1,934,7972020Assets 2021: $5,831,245Liabilities 2021: $2,341,011Net Assets 2021: $3,490,2342021Assets 2022: $6,429,129Liabilities 2022: $2,055,537Net Assets 2022: $4,373,5922022Assets 2023: $8,398,266Liabilities 2023: $2,241,636Net Assets 2023: $6,156,6302023

Highlighted filing

2017

Assets$4,402,379
Liabilities$3,561,488
Net Assets$840,891
Open 2017 Filing

Operations Trend

Revenue Growth65th percentile

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

$10M$5.0M$0-$5.0MRevenue 2010: $3,825,693Expenses 2010: $3,487,581Net Income 2010: $338,1122010Revenue 2011: $4,240,321Expenses 2011: $4,020,560Net Income 2011: $219,7612011Revenue 2012: $4,822,377Expenses 2012: $4,983,007Net Income 2012: -$160,6302012Revenue 2013: $5,286,608Expenses 2013: $4,676,895Net Income 2013: $609,7132013Revenue 2014: $5,142,157Expenses 2014: $5,360,676Net Income 2014: -$218,5192014Revenue 2015: $4,683,536Expenses 2015: $4,740,563Net Income 2015: -$57,0272015Revenue 2016: $5,001,010Expenses 2016: $4,829,339Net Income 2016: $171,6712016Revenue 2017: $5,573,012Expenses 2017: $5,522,343Net Income 2017: $50,6692017Revenue 2018: $5,613,322Expenses 2018: $5,417,977Net Income 2018: $195,3452018Revenue 2019: $5,670,362Expenses 2019: $5,467,188Net Income 2019: $203,1742019Revenue 2020: $6,162,346Expenses 2020: $5,466,959Net Income 2020: $695,3872020Revenue 2021: $7,486,471Expenses 2021: $5,931,034Net Income 2021: $1,555,4372021Revenue 2022: $7,679,581Expenses 2022: $6,796,223Net Income 2022: $883,3582022Revenue 2023: $9,380,764Expenses 2023: $7,597,726Net Income 2023: $1,783,0382023

Highlighted filing

2017

Revenue$5,573,012
Expenses$5,522,343
Net Income$50,669
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 27, 2018
Return Version
2016v3.0
Gross Receipts
$5,573,012
Mission and Program Overview

Mission

To provide for an environment of learning for educationally under-resourced students through a rigorous college preparatory program focusing on science, mathematics, and technology in an atmosphere that provides students, parents, and teachers opportunities for continuous growth, enabling them to reach their highest potential in life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,734,620$3,744,495▲ $9,875
Cash and Non-Interest-Bearing Accounts$603,505$559,026▼ $44,479
Savings and Temporary Cash Investments$110,453$0▼ $110,453
Pledges and Grants Receivable$104,494$68,811▼ $35,683
Accounts Receivable$23,475$25,000▲ $1,525
Prepaid Expenses and Deferred Charges-$5,047-
Total Assets$4,576,547$4,402,379▼ $174,168
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,250,366$3,087,848▼ $162,518
Accounts Payable and Accrued Expenses$535,959$473,640▼ $62,319
Total Liabilities$3,786,325$3,561,488▼ $224,837
Net Assets / Fund Balance
Unrestricted Net Assets$790,222$840,891▲ $50,669
Total Net Assets Fund Balance$790,222$840,891▲ $50,669
Total Liabilities and Net Assets / Fund Balance$4,576,547$4,402,379▼ $174,168

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$3,635,111$362,313$3,997,424
Equipment$83,405$85,072$168,477
Land$24,800-$24,800
Other Land Buildings$1,179$21,172$22,351
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Jeanette Moody End 1016Academic Excellence Chair
David CoatsFinance Chair
KENT MILLARD end 0617Board President
Bernice Valentine-WattsDirector
Bulent GulerDirector
Daniel PiersonDirector
Jim Schenck end 0117Director
Lauren BoxDirector
M EMIN OZDEMIR End 0617Director
MURAT ATLAMAZ end 0716Director
Murat DundarDirector
Murat GonulalanDirector
Ron ErnstDirector
Toby MillerDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Student Transit LLCStudent Transportation1 SODREL DRIVE, Jeffersonville, IN 47130$456,698
Concept Schools INCManagement2250 EAST DEVON AVENUE SUITE 225, Des Plaines, IL 60018$350,823
Visionary Schools TrustInsurance2250 EAST DEVON AVENUE SUITE 225, Des Plaines, IL 60018$328,393
Ceres FoodsFood Service5343 WEST ROSCOE STREET, Chicago, IL 60641-4141$312,492
City Wide PavingPaving6341 WEST MINNESOTA STREET, Indianapolis, IN 46241$188,999
Revenue and Support

Revenue Composition

Contributions and Grants
$5,487,080
Program Service Revenue
$55,366
Investment Income
$0
Other Revenue
$30,566
Change in Net Assets
$50,669

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,573,012
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,573,012
Total Revenue per Form 990
$5,573,012
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,333,888
Other Expenses$2,188,455
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,120,323$555,112-$2,675,435
Fees for Services Management-$410,794-$410,794
Other Employee Benefits$201,313$65,976-$267,289
Pension Plan Contributions$147,871$51,806-$199,677
Depreciation Depletion$197,984--$197,984
Occupancy$196,352--$196,352
Payroll Taxes$151,942$39,545-$191,487
Fees for Services Other$118,828$47,679-$166,507
Office Expenses$116,874$25,184-$142,058
All Other Expenses$64,057$32,611-$96,668
Advertising-$42,730-$42,730
Interest$33,394--$33,394
Insurance-$23,016-$23,016
Other Expenses$21,366--$21,366
Fees for Services Accounting-$15,200-$15,200
Fees for Services Legal-$10,002-$10,002
Travel$3,919$4,074-$7,993
Information Technology$5,036--$5,036
Total Functional Expenses$4,198,614$1,323,729$0$5,522,343

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,522,343
Total Expenses per Audited Statements$5,522,343
Total Expenses per Form 990$5,522,343
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
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
No
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

“The organization has contracted with concept schools, inc. To provide educational, administrative and management services.”

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

“The organization does not have any committees that are authorized to act on behalf of the governing body.”

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

“An electronic copy of the form 990 is emailed to each member of the board of directors for comment prior to filing.”

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

“Members of the board of directors are not required to submit an annual disclosure of interests document; however, members are required to disclose any matters involving a potential conflict at the time that the matter arises. At board of directors meetings, any potential conflicts with an issue at hand are presented and discussed. The party in conflict is precluded from advocating for the action to be taken and from voting on the matter. The board minutes report the nature of the conflict and its resolution.”

Form 990, Part VI, Section B, line 15

“The organization is managed by concept schools, inc. And as such does not directly employ a ceo, executive director, or other executive personnel. The compensation of school employees is determined by reference to industry norms and approved by the board of directors.”

Form 990, Part VI, Section C, line 19

“Governing documents are made available at board meetings, which are open to the public, as well as upon request.”

Filing and Contact Details

Filer

Filer Name
Indiana Math & Science Academy -
EIN
20-5751308
Phone
3174622049
Address
4575 W 38th St, Indianapolis, IN 46254

Signing Officer

Name
David Coats
Title
Chairman
Phone
3174622049
Signed
2018-02-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Coats
Formed
2006
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
88
Volunteers
19

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:

“The organization's oversight process and selection process have not changed during the tax 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 has examined this issue and has determined that there are no material contingent tax liabilities or questionable tax positions. Tax years ending after 2013 are open to audit for both federal and state purposes.”

Raw XML AppendixShowing 400 of 548 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/Desc0THE ORGANIZATION PROVIDES EDUCATIONAL INSTRUCTION TO APPROXIMATELY 586 STUDENTS IN GRADES KINDERGARTEN THROUGH TWELVE, WITH A FOCUS ON SCIENCE, MATHEMATICS, AND TECHNOLOGY.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3FINANCE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5ACADEMIC EXCELLENCE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02006
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt05487080
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05573012
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt05036
IRS990/InformationTechnologyGrp/TotalAmt05036
IRS990/InsuranceGrp/ManagementAndGeneralAmt023016
IRS990/InsuranceGrp/TotalAmt023016
IRS990/InterestGrp/ProgramServicesAmt033394
IRS990/InterestGrp/TotalAmt033394
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt024
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0468557
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03734620
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03744495
IRS990/LandBldgEquipCostOrOtherBssAmt04213052
IRS990/LegalDomicileStateCd0IN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE FOR AN ENVIRONMENT OF LEARNING FOR EDUCATIONALLY UNDER-RESOURCED STUDENTS THROUGH A RIGOROUS COLLEGE PREPARATORY PROGRAM FOCUSING ON SCIENCE, MATHEMATICS, AND TECHNOLOGY IN AN ATMOSPHERE THAT PROVIDES STUDENTS, PARENTS, AND TEACHERS OPPORTUNITIES FOR CONTINUOUS GROWTH, ENABLING THEM TO REACH THEIR HIGHEST POTENTIAL IN LIFE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03250366
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03087848
IRS990/NetAssetsOrFundBalancesBOYAmt0790222
IRS990/NetAssetsOrFundBalancesEOYAmt0840891
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0196352
IRS990/OccupancyGrp/TotalAmt0196352
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt025184
IRS990/OfficeExpensesGrp/ProgramServicesAmt0116874
IRS990/OfficeExpensesGrp/TotalAmt0142058
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt065976
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0201313
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0267289
IRS990/OtherExpensesGrp/Desc0STUDENT TRANSPORTATION
IRS990/OtherExpensesGrp/Desc1FOOD SERVICE
IRS990/OtherExpensesGrp/Desc2TEXTBOOKS
IRS990/OtherExpensesGrp/Desc3STAFF DEVELOPMENT & REC
IRS990/OtherExpensesGrp/ProgramServicesAmt0403488
IRS990/OtherExpensesGrp/ProgramServicesAmt1360926
IRS990/OtherExpensesGrp/ProgramServicesAmt254941
IRS990/OtherExpensesGrp/ProgramServicesAmt321366
IRS990/OtherExpensesGrp/TotalAmt0403488
IRS990/OtherExpensesGrp/TotalAmt1360926
IRS990/OtherExpensesGrp/TotalAmt254941
IRS990/OtherExpensesGrp/TotalAmt321366
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt030566
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt030566
IRS990/OtherRevenueTotalAmt030566
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0555112
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02120323
IRS990/OtherSalariesAndWagesGrp/TotalAmt02675435
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt039545
IRS990/PayrollTaxesGrp/ProgramServicesAmt0151942
IRS990/PayrollTaxesGrp/TotalAmt0191487
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt051806
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0147871
IRS990/PensionPlanContributionsGrp/TotalAmt0199677
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0104494
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt068811
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05047
IRS990/PrincipalOfficerNm0David Coats
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt055366
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt055366
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04895111
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0331
IRS990/PYOtherExpensesAmt02138020
IRS990/PYOtherRevenueAmt018223
IRS990/PYProgramServiceRevenueAmt087345
IRS990/PYRevenuesLessExpensesAmt0171671
IRS990/PYSalariesCompEmpBnftPaidAmt02691319
IRS990/PYTotalExpensesAmt04829339
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05001010
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt050669
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt055366
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0110453
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt083405
IRS990ScheduleD/EquipmentGrp/DepreciationAmt085072
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0168477
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05522343
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt024800
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt024800
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03635111
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0362313
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03997424
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01179
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt021172
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt022351
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05573012
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 has examined this issue and has determined that there are no material contingent tax liabilities or questionable tax positions. Tax years ending after 2013 are open to audit for both federal and state purposes.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03744495
IRS990ScheduleD/TotalExpensesPerForm990Amt05522343
IRS990ScheduleD/TotalRevenuePerForm990Amt05573012
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05573012
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05522343
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/ExplanationTxt0ENROLLMENT APPLICATIONS ARE PROVIDED ONLINE AT WWW.IMSAINDY.ORG. THE ADMISSION POLICY CLEARLY STATES THAT ENROLLMENT IS OPEN TO ALL STUDENTS ON A SPACE AVAILABLE BASIS AND THAT THE SCHOOL DOES NOT DISCRIMINATE IN ANY MANNER.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RECEIVES STATE FUNDS UNDER THE INDIANA CHARTER SCHOOLS ACT (INDIANA CODE 20-24). THE ORGANIZATION ALSO RECEIVES FEDERAL FUNDS UNDER GRANTS FOR INSTRUCTION AND SCHOOL LUNCHES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS CONTRACTED WITH CONCEPT SCHOOLS, INC. TO PROVIDE EDUCATIONAL, ADMINISTRATIVE AND MANAGEMENT SERVICES.

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,402,379
Liabilities
$3,561,488
Net assets
$840,891
Revenue
$5,573,012
Expenses
$5,522,343
Net income
$50,669
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$8.40$2.24$6.16$9.38$7.60$1.78
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.43$2.06$4.37$7.68$6.80$0.88
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.83$2.34$3.49$7.49$5.93$1.56
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.12$3.18$1.93$6.16$5.47$0.70
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.13$2.89$1.24$5.67$5.47$0.20
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.49$3.45$1.04$5.61$5.42$0.20
2017Detailed filing. Detailed filing data is available for this year.$4.40$3.56$0.84$5.57$5.52$0.05
2016Summary only. Only limited summary data is available for this year.$4.58$3.79$0.79$5.00$4.83$0.17
2015Summary only. Only limited summary data is available for this year.$1.07$0.45$0.62$4.68$4.74$0.06
2014Summary only. Only limited summary data is available for this year.$1.06$0.38$0.68$5.14$5.36$0.22
2013Summary only. Only limited summary data is available for this year.$1.15$0.26$0.89$5.29$4.68$0.61
2012Summary only. Only limited summary data is available for this year.$3.07$2.78$0.28$4.82$4.98$0.16
2011Summary only. Only limited summary data is available for this year.$2.80$2.25$0.55$4.24$4.02$0.22
2010Summary only. Only limited summary data is available for this year.$2.77$2.44$0.33$3.83$3.49$0.34