Civic Intelligence

Indiana Online Learning Options Inc.

990 • Fiscal year 2020 • EIN 20-5905529

Jul 01, 2019 to Jun 30, 2020 • Filed on May 12, 2021

Refreshing map…

6640 Intech Boulevard 250Indianapolis, IN 46278

(317) 550-3188

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.99x

Higher debt load relative to assets than 92% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

38th percentile

0.24x

Higher debt load relative to revenue than 38% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

35th percentile

0.2%

Higher net margin than 35% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

8th percentile

$0

Higher top officer pay than 8% of similar nonprofits.

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

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

2nd percentile

-25%

Faster asset growth than 2% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

53rd percentile

4.2%

Faster revenue growth than 53% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Assets

Down

$8,539,900

Down $2,777,414 (-25%) from 2019

Net Assets

Up

$85,955

Up $56,690 (+194%) from 2019

Liabilities

Down

$8,453,945

Down $2,834,104 (-25%) from 2019

Revenue

Up

$35,771,655

Up $1,430,418 (+4.2%) from 2019

Expenses

Up

$35,714,965

Up $1,367,203 (+4.0%) from 2019

Net Income

Up

$56,690

Up $63,215 (+969%) from 2019

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2012: $4,780,930Liabilities 2012: $4,770,893Net Assets 2012: $10,0372012Assets 2013: $7,689,579Liabilities 2013: $7,613,893Net Assets 2013: $75,6862013Assets 2014: $7,385,521Liabilities 2014: $7,375,564Net Assets 2014: $9,9572014Assets 2015: $7,677,847Liabilities 2015: $7,667,027Net Assets 2015: $10,8202015Assets 2016: $9,601,743Liabilities 2016: $9,590,834Net Assets 2016: $10,9092016Assets 2017: $9,417,966Liabilities 2017: $9,402,517Net Assets 2017: $15,4492017Assets 2018: $12,538,584Liabilities 2018: $12,502,794Net Assets 2018: $35,7902018Assets 2019: $11,317,314Liabilities 2019: $11,288,049Net Assets 2019: $29,2652019Assets 2020: $8,539,900Liabilities 2020: $8,453,945Net Assets 2020: $85,9552020Assets 2021: $10,482,151Liabilities 2021: $10,450,237Net Assets 2021: $31,9142021Assets 2022: $12,225,551Liabilities 2022: $9,157,709Net Assets 2022: $3,067,8422022Assets 2023: $15,100,761Liabilities 2023: $10,931,834Net Assets 2023: $4,168,9272023

Highlighted filing

2020

Assets$8,539,900
Liabilities$8,453,945
Net Assets$85,955

Operations Trend

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

$60M$40M$20M$0-$20MRevenue 2012: $4,815,338Expenses 2012: $4,805,301Net Income 2012: $10,0372012Revenue 2013: $14,660,703Expenses 2013: $14,587,337Net Income 2013: $73,3662013Revenue 2014: $18,522,725Expenses 2014: $18,588,454Net Income 2014: -$65,7292014Revenue 2015: $21,099,131Expenses 2015: $21,098,268Net Income 2015: $8632015Revenue 2016: $24,363,570Expenses 2016: $24,363,481Net Income 2016: $892016Revenue 2017: $26,273,964Expenses 2017: $26,269,424Net Income 2017: $4,5402017Revenue 2018: $29,975,144Expenses 2018: $29,954,803Net Income 2018: $20,3412018Revenue 2019: $34,341,237Expenses 2019: $34,347,762Net Income 2019: -$6,5252019Revenue 2020: $35,771,655Expenses 2020: $35,714,965Net Income 2020: $56,6902020Revenue 2021: $47,254,530Expenses 2021: $47,308,571Net Income 2021: -$54,0412021Revenue 2022: $51,647,186Expenses 2022: $48,611,258Net Income 2022: $3,035,9282022Revenue 2023: $51,463,127Expenses 2023: $50,362,042Net Income 2023: $1,101,0852023

Highlighted filing

2020

Revenue$35,771,655
Expenses$35,714,965
Net Income$56,690
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 12, 2021
Return Version
2019v5.2
Gross Receipts
$35,771,655
Mission and Program Overview

Mission

To maximize academic achievement for students in grades k-12 throughout the state of indiana who need an alternative to the traditional classroom.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,233,510$6,677,067▲ $443,557
Pledges and Grants Receivable$5,057,542$1,849,467▼ $3,208,075
Land, Buildings, and Equipment, Net$26,262$13,366▼ $12,896
Total Assets$11,317,314$8,539,900▼ $2,777,414
Liabilities
Other Liabilities$10,410,885$7,427,954▼ $2,982,931
Accounts Payable and Accrued Expenses$877,164$1,002,171▲ $125,007
Deferred Revenue$0$23,820▲ $23,820
Total Liabilities$11,288,049$8,453,945▼ $2,834,104
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$29,265$85,955▲ $56,690
Total Net Assets Fund Balance$29,265$85,955▲ $56,690
Total Liabilities and Net Assets / Fund Balance$11,317,314$8,539,900▼ $2,777,414

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$13,222$81,722$94,944
Leasehold Improvements$144$4,424$4,568
Compensation and Service Providers

Board Members and Trustees

NameTitle
Stacy TaylorPresident
Tara SaxonBoard Member
Lori LegoSecretary
Andrew NorrisTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Connections EducationEducation Management10960 GRANTCHESTER WAY, Columbia, MD 21044$37,313,599
Revenue and Support

Revenue Composition

Contributions and Grants
$35,771,655
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$56,690

Audited Revenue Reconciliation

Revenue per Audited Statements
$35,771,655
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$35,771,655
Total Revenue per Form 990
$35,771,655
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,486,428
Salaries, Compensation, and Employee Benefits$12,228,537
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,465,587--$9,465,587
Information Technology$4,859,643--$4,859,643
Other Employee Benefits$1,652,740--$1,652,740
Fees for Services Management$977,629$250,000-$1,227,629
All Other Expenses$610,953$386,786-$997,739
Payroll Taxes$696,188--$696,188
Other Expenses$567,617$1,945-$569,562
Pension Plan Contributions$414,022--$414,022
Occupancy$163,727--$163,727
Fees for Services Legal-$109,204-$109,204
Travel$98,242--$98,242
Depreciation Depletion$12,896--$12,896
Insurance-$5,816-$5,816
Fees for Services Accounting-$2,619-$2,619
Total Functional Expenses$31,112,089$4,602,876$0$35,714,965

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$35,714,965
Total Expenses per Audited Statements$35,714,965
Total Expenses per Form 990$35,714,965
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Connections Academy of Indiana, LLC$7,427,954
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization entered into a professional services agreement with connections academy of indiana, llc. Connections academy of indiana, llc agrees to provide educational services (including but not limited to providing instructional materials, learning plans, recruitment and retention of teachers and administrators, and staff development) and various administrative services (including but not limited to human resource management, acconting functions, billing and collections).

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

The school does not have committees with the authority to act on behalf of the governing body.

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

A copy of the form 990 is provided electronically to all members of the board for review before filing.

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

In connection with any transaction or arrangement that might give rise to a conflict of interest, disclosures must be made before the start of a regularly scheduled board meeting.

Form 990, Part VI, Section B, Line 15

The organization is managed by connections acadmey of indiana, llc and as such does not directly employ a ceo, executive director, or other executive personnel. Compensation of school personnel is determined by reference to industry norms and approved by the board of directors. Compensation for other school employees is approved by the principal of the academy. Salaries for other employees are based on compensation data for positions in similar fields.

Form 990, Part VI, Section C, Line 19

A copy of the completed form 990 can be found by going to www.guidestar.org. All documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Indiana Online Learning Options Inc
EIN
20-5905529
Phone
3175503188
Address
6640 INTECH BOULEVARD 250, INDIANAPOLIS, IN 46278

Signing Officer

Name
Stacy Taylor
Title
Board President
Phone
3175503188
Signed
2021-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stacy Taylor
Formed
2005
Legal Domicile
In
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
5

Preparer

Firm
Cliftonlarsonallen Llp
Address
301 SW ADAMS STREET SUITE 1000, PEORIA, IL 61602
Preparer
Andrew Smith CPA
Phone
3096714500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Testing: program service expenses 553,780. Management and general expenses 0. Fundraising expenses 0. Total expenses 553,780. All other expenses: program service expenses 44,658. Management and general expenses 386,786. Fundraising expenses 0. Total expenses 431,444. Equipment: program service expenses 9,593. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,593. Repairs and maintenance: program service expenses 2,922. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,922.

FORM 990, PART XII, LINE 2C:

The organization's process for oversight of the audit has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

Iolo has recieved a determination from the u.s. Treasury department stating that it qualifies under the provisions of section 501(c)(3) of the internal revenue code as a tax-exempt organization; however, iolo would be subject to tax on income unrelated to its tax-exempt purpose. For the year ended june 30, 2020, no accounting for federal and state income taxes was required to be included in the financial statements.

Raw XML Appendix377 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0877164
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01002171
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO MAXIMIZE ACADEMIC ACHIEVEMENT FOR STUDENTS IN GRADES K-12 THROUGHOUT THE STATE OF INDIANA WHO NEED AN ALTERNATIVE TO THE TRADITIONAL CLASSROOM.
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0386786
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0610953
IRS990/AllOtherExpensesGrp/TotalAmt0997739
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0TRACEY GIANONI
IRS990/BooksInCareOfDetail/PhoneNum08609196604
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt010960 GRANTCHESTER WAY
IRS990/BooksInCareOfDetail/USAddress/CityNm0COLUMBIA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd021044
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt06233510
IRS990/CashNonInterestBearingGrp/EOYAmt06677067
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt037313599
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt010960 GRANTCHESTER WAY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0COLUMBIA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0MD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd021044
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0CONNECTIONS EDUCATION
IRS990/ContractorCompensationGrp/ServicesDesc0EDUCATION MANAGEMENT
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt035771655
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt023486428
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt056690
IRS990/CYSalariesCompEmpBnftPaidAmt012228537
IRS990/CYTotalExpensesAmt035714965
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt035771655
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt023820
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt012896
IRS990/DepreciationDepletionGrp/TotalAmt012896
IRS990/Desc0INDIANA ONLINE LEARNING OPTIONS, INC. IS A PUBLIC VIRTUAL CHARTER SCHOOL LOCATED IN INDIANAPOLIS, INDIANA THAT SERVES STUDENTS IN GRADES K-12 THROUGHOUT THE STATE OF INDIANA. DURING THE 2019-2020 ACADEMIC YEAR, THE ACADEMY PROVIDED QUALITY PUBLIC EDUCATION ON-LINE TO APPROXIMATELY 5,100 STUDENTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt031112089
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt02619
IRS990/FeesForServicesAccountingGrp/TotalAmt02619
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0109204
IRS990/FeesForServicesLegalGrp/TotalAmt0109204
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0250000
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt0977629
IRS990/FeesForServicesManagementGrp/TotalAmt01227629
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0STACY TAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm1ANDREW NORRIS
IRS990/Form990PartVIISectionAGrp/PersonNm2TARA SAXON
IRS990/Form990PartVIISectionAGrp/PersonNm3LORI LEGO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02005
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GovernmentGrantsAmt035771655
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt035771655
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt04859643
IRS990/InformationTechnologyGrp/TotalAmt04859643
IRS990/InsuranceGrp/ManagementAndGeneralAmt05816
IRS990/InsuranceGrp/TotalAmt05816
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt086146
IRS990/LandBldgEquipBasisNetGrp/BOYAmt026262
IRS990/LandBldgEquipBasisNetGrp/EOYAmt013366
IRS990/LandBldgEquipCostOrOtherBssAmt099512
IRS990/LegalDomicileStateCd0IN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO MAXIMIZE ACADEMIC ACHIEVEMENT FOR STUDENTS IN GRADES K-12 THROUGHOUT THE STATE OF INDIANA WHO NEED AN ALTERNATIVE TO THE TRADITIONAL CLASSROOM.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt029265
IRS990/NetAssetsOrFundBalancesEOYAmt085955
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt029265
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt085955
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0163727
IRS990/OccupancyGrp/TotalAmt0163727
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01652740
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01652740
IRS990/OtherExpensesGrp/Desc0ADMINISTRATION AND SUPP
IRS990/OtherExpensesGrp/Desc1INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/Desc2AUTHORIZOR FEES
IRS990/OtherExpensesGrp/Desc3STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02971304
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1875202
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21945
IRS990/OtherExpensesGrp/ProgramServicesAmt05108840
IRS990/OtherExpensesGrp/ProgramServicesAmt16484005
IRS990/OtherExpensesGrp/ProgramServicesAmt2567617
IRS990/OtherExpensesGrp/TotalAmt08080144
IRS990/OtherExpensesGrp/TotalAmt16484005
IRS990/OtherExpensesGrp/TotalAmt2875202
IRS990/OtherExpensesGrp/TotalAmt3569562
IRS990/OtherLiabilitiesGrp/BOYAmt010410885
IRS990/OtherLiabilitiesGrp/EOYAmt07427954
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt09465587
IRS990/OtherSalariesAndWagesGrp/TotalAmt09465587
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0696188
IRS990/PayrollTaxesGrp/TotalAmt0696188
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0414022
IRS990/PensionPlanContributionsGrp/TotalAmt0414022
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt05057542
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01849467
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0STACY TAYLOR
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt034341237
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt022750514
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-6525
IRS990/PYSalariesCompEmpBnftPaidAmt011597248
IRS990/PYTotalExpensesAmt034347762
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt034341237
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt056690
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt013222
IRS990ScheduleD/EquipmentGrp/DepreciationAmt081722
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt094944
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt035714965
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0144
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04424
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04568
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07427954
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO CONNECTIONS ACADEMY OF INDIANA, LLC
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt035771655
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IOLO HAS RECIEVED A DETERMINATION FROM THE U.S. TREASURY DEPARTMENT STATING THAT IT QUALIFIES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS A TAX-EXEMPT ORGANIZATION; HOWEVER, IOLO WOULD BE SUBJECT TO TAX ON INCOME UNRELATED TO ITS TAX-EXEMPT PURPOSE. FOR THE YEAR ENDED JUNE 30, 2020, NO ACCOUNTING FOR FEDERAL AND STATE INCOME TAXES WAS REQUIRED TO BE INCLUDED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013366
IRS990ScheduleD/TotalExpensesPerForm990Amt035714965
IRS990ScheduleD/TotalLiabilityAmt07427954
IRS990ScheduleD/TotalRevenuePerForm990Amt035771655
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt035771655
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt035714965
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/ExplanationTxt0AS A VIRTUAL SCHOOL, IOLO PUBLISHES ITS POLICY ON-LINE WHICH ADMITS STUDENTS AND CONDUCTS ALL EDUCATIONAL PROGRAMS, ACTIVITIES, AND EMPLOYMENT PRACTICES WITHOUT DISCRIMINATION ON THE BASIS OF SEX, RACE, RELIGION, AGE, NATIONAL ORIGIN, ANCESTRY, CREED, SEXUAL ORIENTATION, DISABILITY, OR ANY OTHER LEGALLY PROTECTED CLASSIFICATION.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1AS A PUBLIC CHARTER SCHOOL, THE ORGANIZATION RECEIVES TUITION FUNDING FROM THE STATE OF INDIANA AS WELL AS FUNDING UNDER FEDERAL GRANT PROGRAMS ADMINISTERED BY THE INDIANA DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ENTERED INTO A PROFESSIONAL SERVICES AGREEMENT WITH CONNECTIONS ACADEMY OF INDIANA, LLC. CONNECTIONS ACADEMY OF INDIANA, LLC AGREES TO PROVIDE EDUCATIONAL SERVICES (INCLUDING BUT NOT LIMITED TO PROVIDING INSTRUCTIONAL MATERIALS, LEARNING PLANS, RECRUITMENT AND RETENTION OF TEACHERS AND ADMINISTRATORS, AND STAFF DEVELOPMENT) AND VARIOUS ADMINISTRATIVE SERVICES (INCLUDING BUT NOT LIMITED TO HUMAN RESOURCE MANAGEMENT, ACCONTING FUNCTIONS, BILLING AND COLLECTIONS).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL DOES NOT HAVE COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE FORM 990 IS PROVIDED ELECTRONICALLY TO ALL MEMBERS OF THE BOARD FOR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IN CONNECTION WITH ANY TRANSACTION OR ARRANGEMENT THAT MIGHT GIVE RISE TO A CONFLICT OF INTEREST, DISCLOSURES MUST BE MADE BEFORE THE START OF A REGULARLY SCHEDULED BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION IS MANAGED BY CONNECTIONS ACADMEY OF INDIANA, LLC AND AS SUCH DOES NOT DIRECTLY EMPLOY A CEO, EXECUTIVE DIRECTOR, OR OTHER EXECUTIVE PERSONNEL. COMPENSATION OF SCHOOL PERSONNEL IS DETERMINED BY REFERENCE TO INDUSTRY NORMS AND APPROVED BY THE BOARD OF DIRECTORS. COMPENSATION FOR OTHER SCHOOL EMPLOYEES IS APPROVED BY THE PRINCIPAL OF THE ACADEMY. SALARIES FOR OTHER EMPLOYEES ARE BASED ON COMPENSATION DATA FOR POSITIONS IN SIMILAR FIELDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5A COPY OF THE COMPLETED FORM 990 CAN BE FOUND BY GOING TO WWW.GUIDESTAR.ORG. ALL DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TESTING: PROGRAM SERVICE EXPENSES 553,780. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 553,780. ALL OTHER EXPENSES: PROGRAM SERVICE EXPENSES 44,658. MANAGEMENT AND GENERAL EXPENSES 386,786. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 431,444. EQUIPMENT: PROGRAM SERVICE EXPENSES 9,593. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,593. REPAIRS AND MAINTENANCE: PROGRAM SERVICE EXPENSES 2,922. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,922.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION'S PROCESS FOR OVERSIGHT OF THE AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt011317314
IRS990/TotalAssetsEOYAmt08539900
IRS990/TotalAssetsGrp/BOYAmt011317314
IRS990/TotalAssetsGrp/EOYAmt08539900
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt035771655
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04602876
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt031112089
IRS990/TotalFunctionalExpensesGrp/TotalAmt035714965
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011288049
IRS990/TotalLiabilitiesEOYAmt08453945
IRS990/TotalLiabilitiesGrp/BOYAmt011288049
IRS990/TotalLiabilitiesGrp/EOYAmt08453945
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt029265
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt085955
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt031112089
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt035771655
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt011317314
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08539900
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt098242
IRS990/TravelGrp/TotalAmt098242
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06640 INTECH BOULEVARD 250
IRS990/USAddress/CityNm0INDIANAPOLIS
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046278
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.CONNECTIONSACADEMY.COM/INDIANA
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STACY TAYLOR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03175503188
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDIANA ONLINE LEARNING OPTIONS INC
ReturnHeader/Filer/BusinessNameControlTxt0INDI
ReturnHeader/Filer/EIN0205905529
ReturnHeader/Filer/PhoneNum03175503188
ReturnHeader/Filer/USAddress/AddressLine1Txt06640 INTECH BOULEVARD 250
ReturnHeader/Filer/USAddress/CityNm0INDIANAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046278
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0301 SW ADAMS STREET SUITE 1000
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PEORIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd061602
ReturnHeader/PreparerPersonGrp/PhoneNum03096714500
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANDREW SMITH CPA
ReturnHeader/ReturnTs02021-05-14T13:22:31-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings