Civic Intelligence

Hoosier Academy Inc.

990 • Fiscal year 2019 • EIN 20-5926653

Jul 01, 2018 to Jun 30, 2019 • Filed on Jun 01, 2020

5650 Caito DrIndianapolis, IN 46226

(317) 547-1400

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.00x

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

80th percentile

0.86x

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

38th percentile

0.0%

Higher net margin than 38% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

7th percentile

-14%

Faster asset growth than 7% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

4th percentile

-61%

Faster revenue growth than 4% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Down

$6,424,098

Down $1,019,651 (-14%) from 2018

Net Assets

Flat

$0

Flat from 2018

Liabilities

Down

$6,424,098

Down $1,019,651 (-14%) from 2018

Revenue

Down

$7,508,968

Down $11,912,652 (-61%) from 2018

Expenses

Down

$7,508,968

Down $11,912,652 (-61%) from 2018

Net Income

Flat

$0

Flat from 2018

Historical Trend

Balance Sheet Trend

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

$20M$10M$0-$10MAssets 2011: $3,806,645Liabilities 2011: $3,806,645Net Assets 2011: $02011Assets 2012: $8,452,193Liabilities 2012: $8,452,193Net Assets 2012: $02012Assets 2013: $4,565,690Liabilities 2013: $13,671,182Net Assets 2013: -$9,105,4922013Assets 2014: $10,902,311Liabilities 2014: $13,091,440Net Assets 2014: -$2,189,1292014Assets 2015: $8,148,245Liabilities 2015: $8,148,245Net Assets 2015: $02015Assets 2016: $6,852,982Liabilities 2016: $6,852,982Net Assets 2016: $02016Assets 2017: $7,258,614Liabilities 2017: $7,258,614Net Assets 2017: $02017Assets 2018: $7,443,749Liabilities 2018: $7,443,749Net Assets 2018: $02018Assets 2019: $6,424,098Liabilities 2019: $6,424,098Net Assets 2019: $02019Assets 2020: $1,251,227Liabilities 2020: $1,251,227Net Assets 2020: $02020Assets 2021: $1,364,787Liabilities 2021: $1,364,787Net Assets 2021: $02021Assets 2022: $1,536,005Liabilities 2022: $1,536,005Net Assets 2022: $02022Assets 2023: $1,434,104Liabilities 2023: $1,433,712Net Assets 2023: $3922023Assets 2024: $1,787,951Liabilities 2024: $1,786,440Net Assets 2024: $1,5112024

Highlighted filing

2019

Assets$6,424,098
Liabilities$6,424,098
Net Assets$0

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2011: $4,191,533Expenses 2011: $4,275,883Net Income 2011: -$84,3502011Revenue 2012: $11,445,472Expenses 2012: $11,445,472Net Income 2012: $02012Revenue 2013: $16,489,059Expenses 2013: $25,594,551Net Income 2013: -$9,105,4922013Revenue 2014: $25,591,797Expenses 2014: $27,780,926Net Income 2014: -$2,189,1292014Revenue 2015: $21,571,836Expenses 2015: $21,571,836Net Income 2015: $02015Revenue 2016: $24,249,058Expenses 2016: $24,249,058Net Income 2016: $02016Revenue 2017: $26,557,162Expenses 2017: $26,557,162Net Income 2017: $02017Revenue 2018: $19,421,620Expenses 2018: $19,421,620Net Income 2018: $02018Revenue 2019: $7,508,968Expenses 2019: $7,508,968Net Income 2019: $02019Revenue 2020: $7,181,619Expenses 2020: $7,181,619Net Income 2020: $02020Revenue 2021: $5,834,096Expenses 2021: $5,834,096Net Income 2021: $02021Revenue 2022: $5,328,720Expenses 2022: $5,328,720Net Income 2022: $02022Revenue 2023: $7,097,370Expenses 2023: $7,096,978Net Income 2023: $3922023Revenue 2024: $8,849,411Expenses 2024: $8,848,292Net Income 2024: $1,1192024

Highlighted filing

2019

Revenue$7,508,968
Expenses$7,508,968
Net Income$0
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jun 1, 2020
Return Version
2018v3.1
Gross Receipts
$7,508,968
Mission and Program Overview

Mission

The mission of hoosier academies is to provide a partnership with parents that strives for continued growth and improvement in family satisfaction, student achievement, and social enrichment. We embrace our culturally diverse school community and believe school accountability, teacher competence, and parent involvement must be at the center of student learning and achievement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$5,356,749$5,273,872▼ $82,877
Cash and Non-Interest-Bearing Accounts$1,672,325$861,137▼ $811,188
Land, Buildings, and Equipment, Net$354,994$237,527▼ $117,467
Prepaid Expenses and Deferred Charges$48,298$51,562▲ $3,264
Accounts Receivable$11,383$0▼ $11,383
Total Assets$7,443,749$6,424,098▼ $1,019,651
Liabilities
Accounts Payable and Accrued Expenses$7,418,935$6,398,464▼ $1,020,471
Deferred Revenue$24,814$25,634▲ $820
Total Liabilities$7,443,749$6,424,098▼ $1,019,651
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$7,443,749$6,424,098▼ $1,019,651

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$14,325$1,349,669$1,363,994
Leasehold Improvements$223,202$554,110$777,312
Compensation and Service Providers

Board Members and Trustees

NameTitle
John MarskePresident
Maurice BolerBoard Member
Michelle Study-campbellBoard Member
Rachel GoodwinHead of School
George GiltnerSecretary
Gary MeyerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$7,476,088
Program Service Revenue
$0
Investment Income
$882
Other Revenue
$31,998
All Other Contributions
$21,939
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,508,968
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,508,968
Total Revenue per Form 990
$7,508,968
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,920,059
Other Expenses$3,588,909
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,182,890$55,862-$3,238,752
Fees for Services Other$318,133$427,726-$745,859
Information Technology$730,762--$730,762
Occupancy$403,563--$403,563
Other Employee Benefits$231,606$1,552-$233,158
Pension Plan Contributions$220,928$3,431-$224,359
Payroll Taxes$220,069$3,721-$223,790
Office Expenses$64,997$93,440-$158,437
Depreciation Depletion$117,467--$117,467
Other Expenses$59,966$940-$59,966
Insurance-$44,050-$44,050
Fees for Services Management-$41,481-$41,481
Advertising$28,033--$28,033
All Other Expenses$27,329$249-$27,578
Total Functional Expenses$6,689,619$819,349$0$7,508,968

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,508,968
Total Expenses per Audited Statements$7,508,968
Total Expenses per Form 990$7,508,968
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
Yes
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 k12 classroom, llc to provide management services for the school. Under the agreement, k12 classroom, llc is responsible for the administration of the school, including educational programming, personnel management, facility management, financial reporting, student recruitment and admissions, and professional training and development.

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

The organization does not have committees with the authority to act on behalf of the board of directors.

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

A copy of the return is emailed to each member of the board of directors and is subject to review and approval by the operations manager.

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

Under the conflict of interest policy, each officer, director, and employee has a continuing, affirmative duty to disclose the existence of his or her financial interest and must be given the opportunity to disclose all material facts to the directors and members of committees considering a proposed transaction.

Form 990, Part VI, Section B, Line 15

The organization is managed by k12 classroom, llc and as such does not directly employ a ceo, executive director, or other executive personnel. The compensation of employees of the organization are determined by industry standards and are approved by the board of directors. Compensation determination for all personnel are based on data relating to comparable positions in the same marketplace.

Form 990, Part VI, Section C, Line 19

Documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Hoosier Academy Inc
EIN
20-5926653
Phone
3175471400
Address
5650 CAITO DR, INDIANAPOLIS, IN 46226

Signing Officer

Name
Michelle Study-campbell
Title
Current Board President
Phone
3175471400
Signed
2020-06-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michelle Study-campbell
Formed
2008
Legal Domicile
In
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

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 did not change either its oversight process or its selection process during the tax year.

Financial Statement Notes

PART X, LINE 2:

Professional accounting standards require hoosier academy 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. Hoosier academy has examined this issue and has determined that there are no material contingent tax liabilities or questionable tax positions. The tax years ended after 2015 are open to audit for both federal and state purposes.

Raw XML Appendix396 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/BOYAmt07418935
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt06398464
IRS990/AccountsReceivableGrp/BOYAmt011383
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE MISSION OF HOOSIER ACADEMIES IS TO PROVIDE A PARTNERSHIP WITH PARENTS THAT STRIVES FOR CONTINUED GROWTH AND IMPROVEMENT IN FAMILY SATISFACTION, STUDENT ACHIEVEMENT, AND SOCIAL ENRICHMENT. WE EMBRACE OUR CULTURALLY DIVERSE SCHOOL COMMUNITY AND BELIEVE SCHOOL ACCOUNTABILITY, TEACHER COMPETENCE, AND PARENT INVOLVEMENT MUST BE AT THE CENTER OF STUDENT LEARNING AND ACHIEVEMENT.
IRS990/AdvertisingGrp/ProgramServicesAmt028033
IRS990/AdvertisingGrp/TotalAmt028033
IRS990/AllOtherContributionsAmt021939
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0249
IRS990/AllOtherExpensesGrp/ProgramServicesAmt027329
IRS990/AllOtherExpensesGrp/TotalAmt027578
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0BOOKKEEPING PLUS INC
IRS990/BooksInCareOfDetail/PhoneNum03174622049
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0232 E MCCLARNON DR
IRS990/BooksInCareOfDetail/USAddress/CityNm0GREENFIELD
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd046140
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt01672325
IRS990/CashNonInterestBearingGrp/EOYAmt0861137
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt07476088
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0882
IRS990/CYOtherExpensesAmt03588909
IRS990/CYOtherRevenueAmt031998
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt00
IRS990/CYSalariesCompEmpBnftPaidAmt03920059
IRS990/CYTotalExpensesAmt07508968
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt07508968
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt024814
IRS990/DeferredRevenueGrp/EOYAmt025634
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0117467
IRS990/DepreciationDepletionGrp/TotalAmt0117467
IRS990/Desc0THE ORGANIZATION PROVIDES EDUCATIONAL INSTRUCTION TO STUDENTS IN GRADES KINDERGARTEN THROUGH TWELVE, BOTH IN A TRADITIONAL SETTING AND VIA A VIRTUAL ACADEMY. MORE THAN 900 STUDENTS WERE SERVED DURING THE 2018-2019 SCHOOL YEAR.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt06689619
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt041481
IRS990/FeesForServicesManagementGrp/TotalAmt041481
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0427726
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0318133
IRS990/FeesForServicesOtherGrp/TotalAmt0745859
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0JOHN MARSKE
IRS990/Form990PartVIISectionAGrp/PersonNm1GEORGE GILTNER
IRS990/Form990PartVIISectionAGrp/PersonNm2GARY MEYER
IRS990/Form990PartVIISectionAGrp/PersonNm3MAURICE BOLER
IRS990/Form990PartVIISectionAGrp/PersonNm4MICHELLE STUDY-CAMPBELL
IRS990/Form990PartVIISectionAGrp/PersonNm5RACHEL GOODWIN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5HEAD OF SCHOOL
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02008
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt07454149
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt07508968
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0730762
IRS990/InformationTechnologyGrp/TotalAmt0730762
IRS990/InsuranceGrp/ManagementAndGeneralAmt044050
IRS990/InsuranceGrp/TotalAmt044050
IRS990/InvestmentIncomeGrp/ExclusionAmt0882
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0882
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt019
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01903779
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0354994
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0237527
IRS990/LandBldgEquipCostOrOtherBssAmt02141306
IRS990/LegalDomicileStateCd0IN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SEE SCHEDULE O
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt00
IRS990/NetAssetsOrFundBalancesEOYAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0403563
IRS990/OccupancyGrp/TotalAmt0403563
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt093440
IRS990/OfficeExpensesGrp/ProgramServicesAmt064997
IRS990/OfficeExpensesGrp/TotalAmt0158437
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01552
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0231606
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0233158
IRS990/OtherExpensesGrp/Desc0INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/Desc1AUTHORIZER FEES
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0146897
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1940
IRS990/OtherExpensesGrp/ProgramServicesAmt01016160
IRS990/OtherExpensesGrp/ProgramServicesAmt167716
IRS990/OtherExpensesGrp/ProgramServicesAmt259966
IRS990/OtherExpensesGrp/TotalAmt01016160
IRS990/OtherExpensesGrp/TotalAmt1146897
IRS990/OtherExpensesGrp/TotalAmt268656
IRS990/OtherExpensesGrp/TotalAmt359966
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt031998
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt031998
IRS990/OtherRevenueTotalAmt031998
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt055862
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03182890
IRS990/OtherSalariesAndWagesGrp/TotalAmt03238752
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03721
IRS990/PayrollTaxesGrp/ProgramServicesAmt0220069
IRS990/PayrollTaxesGrp/TotalAmt0223790
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03431
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0220928
IRS990/PensionPlanContributionsGrp/TotalAmt0224359
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt05356749
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt05273872
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt048298
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt051562
IRS990/PrincipalOfficerNm0MICHELLE STUDY-CAMPBELL
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt019395938
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02141
IRS990/PYOtherExpensesAmt011228847
IRS990/PYOtherRevenueAmt023541
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt08192773
IRS990/PYTotalExpensesAmt019421620
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt019421620
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt014325
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01349669
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01363994
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07508968
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0223202
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0554110
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0777312
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07508968
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PROFESSIONAL ACCOUNTING STANDARDS REQUIRE HOOSIER ACADEMY 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. HOOSIER ACADEMY HAS EXAMINED THIS ISSUE AND HAS DETERMINED THAT THERE ARE NO MATERIAL CONTINGENT TAX LIABILITIES OR QUESTIONABLE TAX POSITIONS. THE TAX YEARS ENDED AFTER 2015 ARE OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0237527
IRS990ScheduleD/TotalExpensesPerForm990Amt07508968
IRS990ScheduleD/TotalRevenuePerForm990Amt07508968
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07508968
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07508968
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S POLICY IS CONTAINED IN ALL MARKETING MATERIALS, ENROLLMENT FORMS, AND WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE CHARTER SCHOOLS OPERATED BY THE ORGANIZATION RECEIVE STATE FUNDING UNDER THE INDIANA CHARTER SCHOOLS ACT (INDIANA CODE 20-24) AND FEDERAL FUNDS UNDER VARIOUS EDUCATIONAL 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 HAS CONTRACTED WITH K12 CLASSROOM, LLC TO PROVIDE MANAGEMENT SERVICES FOR THE SCHOOL. UNDER THE AGREEMENT, K12 CLASSROOM, LLC IS RESPONSIBLE FOR THE ADMINISTRATION OF THE SCHOOL, INCLUDING EDUCATIONAL PROGRAMMING, PERSONNEL MANAGEMENT, FACILITY MANAGEMENT, FINANCIAL REPORTING, STUDENT RECRUITMENT AND ADMISSIONS, AND PROFESSIONAL TRAINING AND DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE RETURN IS EMAILED TO EACH MEMBER OF THE BOARD OF DIRECTORS AND IS SUBJECT TO REVIEW AND APPROVAL BY THE OPERATIONS MANAGER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UNDER THE CONFLICT OF INTEREST POLICY, EACH OFFICER, DIRECTOR, AND EMPLOYEE HAS A CONTINUING, AFFIRMATIVE DUTY TO DISCLOSE THE EXISTENCE OF HIS OR HER FINANCIAL INTEREST AND MUST BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES CONSIDERING A PROPOSED TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION IS MANAGED BY K12 CLASSROOM, LLC AND AS SUCH DOES NOT DIRECTLY EMPLOY A CEO, EXECUTIVE DIRECTOR, OR OTHER EXECUTIVE PERSONNEL. THE COMPENSATION OF EMPLOYEES OF THE ORGANIZATION ARE DETERMINED BY INDUSTRY STANDARDS AND ARE APPROVED BY THE BOARD OF DIRECTORS. COMPENSATION DETERMINATION FOR ALL PERSONNEL ARE BASED ON DATA RELATING TO COMPARABLE POSITIONS IN THE SAME MARKETPLACE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR ITS SELECTION PROCESS DURING THE TAX 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 XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07443749
IRS990/TotalAssetsEOYAmt06424098
IRS990/TotalAssetsGrp/BOYAmt07443749
IRS990/TotalAssetsGrp/EOYAmt06424098
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt07476088
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0819349
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06689619
IRS990/TotalFunctionalExpensesGrp/TotalAmt07508968
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07443749
IRS990/TotalLiabilitiesEOYAmt06424098
IRS990/TotalLiabilitiesGrp/BOYAmt07443749
IRS990/TotalLiabilitiesGrp/EOYAmt06424098
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt06689619
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0882
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt031998
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07508968
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07443749
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06424098
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05650 CAITO DR
IRS990/USAddress/CityNm0INDIANAPOLIS
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046226
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0HTTPS://HA.K12.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHELLE STUDY-CAMPBELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CURRENT BOARD PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03175471400
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOOSIER ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0HOOS
ReturnHeader/Filer/EIN0205926653
ReturnHeader/Filer/PhoneNum03175471400
ReturnHeader/Filer/USAddress/AddressLine1Txt05650 CAITO DR
ReturnHeader/Filer/USAddress/CityNm0INDIANAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046226
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId06193D5BB7C5C4FFD6E47EBF82CD0417B1D155897
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt097.78.71.106
ReturnHeader/FilingSecurityInformation/IPDt02020-06-01
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm015:21:13
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351356555
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DONOVAN PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05151 E US HWY 36
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AVON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046123
ReturnHeader/PreparerPersonGrp/PhoneNum03177456411
ReturnHeader/PreparerPersonGrp/PreparationDt02020-06-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0REX E MILLER CPA CGMA
ReturnHeader/ReturnTs02020-07-06T12:47:32-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.79$1.79$0.00$8.85$8.85$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$1.43$0.00$7.10$7.10$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.54$1.54$0.00$5.33$5.33$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.36$1.36$0.00$5.83$5.83$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.25$1.25$0.00$7.18$7.18$0.00
2019Detailed filing. Detailed filing data is available for this year.$6.42$6.42$0.00$7.51$7.51$0.00
2018Detailed filing. Detailed filing data is available for this year.$7.44$7.44$0.00$19.4$19.4$0.00
2017Summary only. Only limited summary data is available for this year.$7.26$7.26$0.00$26.6$26.6$0.00
2016Detailed filing. Detailed filing data is available for this year.$6.85$6.85$0.00$24.2$24.2$0.00
2015Detailed filing. Detailed filing data is available for this year.$8.15$8.15$0.00$21.6$21.6$0.00
2014Summary only. Only limited summary data is available for this year.$10.9$13.1$2.19$25.6$27.8$2.19
2013Summary only. Only limited summary data is available for this year.$4.57$13.7$9.11$16.5$25.6$9.11
2012Summary only. Only limited summary data is available for this year.$8.45$8.45$0.00$11.4$11.4$0.00
2011Summary only. Only limited summary data is available for this year.$3.81$3.81$0.00$4.19$4.28$0.08