Civic Intelligence

The Independence Academy of Indiana Inc

990 • Fiscal year 2015 • EIN 26-1682732

Aug 01, 2014 to Jul 31, 2015 • Filed on Jun 09, 2016

Organization ProfileWWW.IAINDIANA.ORG
4701 N Central AvenueIndianapolis, IN 46205

(317) 926-0043

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

Higher debt load relative to assets than 31% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

28th percentile

0.00x

Higher debt load relative to revenue than 28% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

71st percentile

13%

Higher net margin than 71% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

39th percentile

-1.6%

Faster asset growth than 39% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2015

Revenue Growth

64th percentile

11%

Faster revenue growth than 64% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2015

Balance Sheet
Liabilities / Assets31st percentile

Assets

Down

$289,985

Down $9,751 (-3.3%) from 2013

Net Assets

Down

$288,927

Down $4,447 (-1.5%) from 2013

Liabilities

Down

$1,058

Down $5,304 (-83%) from 2013

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin71st percentile

Revenue

Up

$528,016

Up $99,472 (+23%) from 2013

Expenses

Up

$458,002

Up $10,446 (+2.3%) from 2013

Net Income

Up

$70,014

Up $89,026 (+468%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $90,353Liabilities 2010: $0Net Assets 2010: $90,3532010Assets 2011: $306,842Liabilities 2011: $3,262Net Assets 2011: $303,5802011Assets 2012: $328,153Liabilities 2012: $6,413Net Assets 2012: $321,7402012Assets 2013: $299,736Liabilities 2013: $6,362Net Assets 2013: $293,3742013Assets 2015: $289,985Liabilities 2015: $1,058Net Assets 2015: $288,9272015Assets 2016: $382,653Liabilities 2016: $1,074Net Assets 2016: $381,5792016Assets 2017: $556,968Liabilities 2017: $61,460Net Assets 2017: $495,5082017Assets 2018: $730,000Liabilities 2018: $77,597Net Assets 2018: $652,4032018Assets 2019: $757,513Liabilities 2019: $67,606Net Assets 2019: $689,9072019Assets 2020: $956,499Liabilities 2020: $91,117Net Assets 2020: $865,3822020Assets 2021: $1,275,760Liabilities 2021: $111,433Net Assets 2021: $1,164,3272021Assets 2022: $4,765,125Liabilities 2022: $3,082,596Net Assets 2022: $1,682,5292022Assets 2024: $5,080,946Liabilities 2024: $2,790,860Net Assets 2024: $2,290,0862024

Highlighted filing

2015

Assets$289,985
Liabilities$1,058
Net Assets$288,927
Open 2015 Filing

Operations Trend

Revenue Growth64th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $252,1092010Expenses 2011: $267,9512011Expenses 2012: $383,7632012Revenue 2013: $428,544Expenses 2013: $447,556Net Income 2013: -$19,0122013Revenue 2015: $528,016Expenses 2015: $458,002Net Income 2015: $70,0142015Revenue 2016: $558,334Expenses 2016: $464,330Net Income 2016: $94,0042016Revenue 2017: $630,057Expenses 2017: $524,267Net Income 2017: $105,7902017Revenue 2018: $670,843Expenses 2018: $524,859Net Income 2018: $145,9842018Revenue 2019: $603,252Expenses 2019: $546,504Net Income 2019: $56,7482019Revenue 2020: $827,788Expenses 2020: $654,925Net Income 2020: $172,8632020Revenue 2021: $757,808Expenses 2021: $601,333Net Income 2021: $156,4752021Revenue 2022: $1,563,055Expenses 2022: $930,485Net Income 2022: $632,5702022Revenue 2024: $1,819,769Expenses 2024: $1,534,250Net Income 2024: $285,5192024

Highlighted filing

2015

Revenue$528,016
Expenses$458,002
Net Income$70,014
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2014 to Jul 31, 2015
Signed
Jun 9, 2016
Return Version
2014v6.0
Gross Receipts
$558,134
Mission and Program Overview

Mission

Educate students with high functioning autism and aspergers so they may achieve their highest level of independence and acedemic success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$224,426$288,927▲ $64,501
Investments in Publicly Traded Securities-$130,784-
Land, Buildings, and Equipment, Net$84,061$71,317▼ $12,744
Savings and Temporary Cash Investments$112,748$50,188▼ $62,560
Cash and Non-Interest-Bearing Accounts$30,392$32,845▲ $2,453
Total Assets$227,201$289,985▲ $62,784
Other Assets Total-$4,851-
Liabilities
Other Liabilities$2,775$1,058▼ $1,717
Total Liabilities$2,775$1,058▼ $1,717
Net Assets / Fund Balance
Total Net Assets Fund Balance$224,426$288,927▲ $64,501
Total Liabilities and Net Assets / Fund Balance$227,201$289,985▲ $62,784

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$71,317$63,759$135,076
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Carol E GassenPresident
Bradley E WoodBoard Member
Doug AbramsBoard Member
Linda McleaishBoard Member
Ruth PadgettSecretary
Andy DietrickTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$41,150
Program Service Revenue
$440,282
Investment Income
$110
Other Revenue
$46,474
All Other Contributions
$41,150
Change in Net Assets
$70,014
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$340,678
Other Expenses$117,324
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$317,219--$317,219
Occupancy$36,765--$36,765
Payroll Taxes$23,459--$23,459
Insurance$19,742--$19,742
Depreciation Depletion$17,376--$17,376
Information Technology$16,837--$16,837
Office Expenses$7,314--$7,314
Fees for Services Other$5,822--$5,822
Fees for Services Accounting$2,000--$2,000
Advertising$1,649--$1,649
Conferences and Meetings$703--$703
All Other Expenses$617--$617
Fees for Service Investment Mgmnt Fees$465--$465
Other Expenses$279--$279
Total Functional Expenses$458,002$0$0$458,002
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$76,281
Fundraising Direct Expenses$30,118
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$76,281$76,281$30,118$46,163
Total Events$76,281$76,281$30,118$46,163
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$1,058
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Form 990, part iv, line 11b - the entities form 990 will be reviewed at a board meeting by the members of the board prior to the filing of the return. Form 990, part vi, section c disclosure, line 19: the entities governing documents, conflict of interest policy and financial statements are available to the general public upon request at the office of the organization.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
The Independence Academy of
EIN
26-1682732
Phone
3179260043
Address
4701 N CENTRAL AVENUE, INDIANAPOLIS, IN 46205

Signing Officer

Name
Carol E Gassen
Title
President
Phone
3179260043
Signed
2016-06-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol Gassen
Formed
2008
Legal Domicile
In
Voting Board Members
6
Independent Board Members
6
Employees
21
Volunteers
5

Preparer

Firm
Bogdanoff Dages and Co Pc
Address
9333 N MERIDIAN ST STE 108, INDIANAPOLIS, IN 46260-1814
Preparer
Timothy J Dages CPA
Phone
3175711777
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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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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0INDEPENDENCE ACADEMY OF INDIANA, INC. PUBLISHES ITS NONDISCRIMINATION POLICY IN THE INDIANAPOLIS STAR - THE LOCAL/REGIONAL NEWSPAPER FOR THE INDIANAPOLIS ARE. THE NONDISCRIMINATION POLICY IS ALSO STATED ON ITS WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt030118
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL GALA
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt076281
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt076281
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt076281
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt076281
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt046163
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt030118
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt030118
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990, PART IV, LINE 11B - THE ENTITIES FORM 990 WILL BE REVIEWED AT A BOARD MEETING BY THE MEMBERS OF THE BOARD PRIOR TO THE FILING OF THE RETURN. FORM 990, PART VI, SECTION C DISCLOSURE, LINE 19: THE ENTITIES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST AT THE OFFICE OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0227201
IRS990/TotalAssetsEOYAmt0289985
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IRS990/TotalEmployeeCnt021
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0458002
IRS990/TotalFunctionalExpensesGrp/TotalAmt0458002
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IRS990/TotalLiabilitiesGrp/BOYAmt02775
IRS990/TotalLiabilitiesGrp/EOYAmt01058
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0288927
IRS990/TotalProgramServiceExpensesAmt0458002
IRS990/TotalProgramServiceRevenueAmt0440282
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0440703
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0528016
IRS990/TotalVolunteersCnt05
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0289985
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04701 N CENTRAL AVENUE
IRS990/USAddress/CityNm0INDIANAPOLIS
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046205
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.IAINDIANA.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CAROL E GASSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03179260043
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-06-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE INDEPENDENCE ACADEMY OF
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INDIANA INC
ReturnHeader/Filer/BusinessNameControlTxt0INDE
ReturnHeader/Filer/EIN0261682732
ReturnHeader/Filer/PhoneNum03179260043
ReturnHeader/Filer/USAddress/AddressLine1Txt04701 N CENTRAL AVENUE
ReturnHeader/Filer/USAddress/CityNm0INDIANAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046205
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0472480163
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BOGDANOFF DAGES AND CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09333 N MERIDIAN ST STE 108
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0462601814
ReturnHeader/PreparerPersonGrp/PhoneNum03175711777
ReturnHeader/PreparerPersonGrp/PreparationDt02016-06-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIMOTHY J DAGES CPA
ReturnHeader/ReturnTs02016-06-09T10:24:34-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-08-01
ReturnHeader/TaxPeriodEndDt02015-07-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$289,985
Liabilities
$1,058
Net assets
$288,927
Revenue
$528,016
Expenses
$458,002
Net income
$70,014
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.08$2.79$2.29$1.82$1.53$0.29
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.77$3.08$1.68$1.56$0.93$0.63
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.28$0.11$1.16$0.76$0.60$0.16
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.09$0.87$0.83$0.65$0.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$0.07$0.69$0.60$0.55$0.06
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.08$0.65$0.67$0.52$0.15
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$0.06$0.50$0.63$0.52$0.11
2016Detailed filing. Detailed filing data is available for this year.$0.38$0.00$0.38$0.56$0.46$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.29$0.00$0.29$0.53$0.46$0.07
2013Detailed filing. Detailed filing data is available for this year.$0.30$0.01$0.29$0.43$0.45$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.01$0.32$0.38
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.00$0.30$0.27
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.00$0.09$0.25