Civic Intelligence

The Independence Academy of Indiana Inc

990 • Fiscal year 2017 • EIN 26-1682732

Aug 01, 2016 to Jul 31, 2017 • Filed on Feb 21, 2018

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

64th percentile

0.11x

Higher debt load relative to assets than 64% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

65th percentile

0.10x

Higher debt load relative to revenue than 65% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

74th percentile

17%

Higher net margin than 74% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

88th percentile

46%

Faster asset growth than 88% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

64th percentile

13%

Faster revenue growth than 64% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets64th percentile

Assets

Up

$556,968

Up $174,315 (+46%) from 2016

Net Assets

Up

$495,508

Up $113,929 (+30%) from 2016

Liabilities

Up

$61,460

Up $60,386 (+5623%) from 2016

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin74th percentile

Revenue

Up

$630,057

Up $71,723 (+13%) from 2016

Expenses

Up

$524,267

Up $59,937 (+13%) from 2016

Net Income

Up

$105,790

Up $11,786 (+13%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth88th 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 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

2017

Assets$556,968
Liabilities$61,460
Net Assets$495,508
Open 2017 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 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

2017

Revenue$630,057
Expenses$524,267
Net Income$105,790
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2016 to Jul 31, 2017
Signed
Feb 21, 2018
Return Version
2016v3.1
Gross Receipts
$674,607
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.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$381,579$495,508▲ $113,929
Investments in Publicly Traded Securities$134,079$251,928▲ $117,849
Cash and Non-Interest-Bearing Accounts$136,902$132,340▼ $4,562
Savings and Temporary Cash Investments$45,466$126,691▲ $81,225
Land, Buildings, and Equipment, Net$57,226$42,990▼ $14,236
Prepaid Expenses and Deferred Charges$6,038$3,019▼ $3,019
Total Assets$382,653$556,968▲ $174,315
Other Assets Total$2,942--
Liabilities
Deferred Revenue-$60,496-
Other Liabilities$1,074$964▼ $110
Total Liabilities$1,074$61,460▲ $60,386
Net Assets / Fund Balance
Total Net Assets Fund Balance$381,579$495,508▲ $113,929
Total Liabilities and Net Assets / Fund Balance$382,653$556,968▲ $174,315

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$42,990$95,001$137,991
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Carol E GassenPresident/tr
Barb EbleBoard Member
Janice Hicks-slaughterBoard Member
Kari ElbertBoard Member
Leona FrankBoard Member
Linda McleaishBoard Member
Ryan KiernanBoard Member
Patrick JamisonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$6,362
Program Service Revenue
$556,630
Investment Income
$6,349
Other Revenue
$60,716
All Other Contributions
$6,362
Change in Net Assets
$105,790
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$403,478
Other Expenses$120,789
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$370,678--$370,678
Occupancy$36,088--$36,088
Payroll Taxes$32,800--$32,800
Insurance$18,186--$18,186
Information Technology$16,365--$16,365
Depreciation Depletion$15,136--$15,136
Advertising$9,467--$9,467
Office Expenses$5,295--$5,295
Fees for Services Accounting$5,000--$5,000
All Other Expenses$3,148--$3,148
Fees for Service Investment Mgmnt Fees$1,940--$1,940
Other Expenses$1,255--$1,255
Total Functional Expenses$524,267$0$0$524,267
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$93,298
Fundraising Direct Expenses$33,856
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$93,298$93,298$33,856$59,442
Total Events$93,298$93,298$33,856$59,442
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$964
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

“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

“The entitie's governing documents, conflict of interest policy and financial statements are available to the general public upon request at the office of the organization.”

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/treasurer
Phone
3179260043
Signed
2018-02-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol E Gassen
Formed
2008
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
21

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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt095001
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0137991
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0964
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES PAYABLE
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IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
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IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
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
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL GALA
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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/ExplanationTxt1THE ENTITIE'S 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/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.IAINDIANA.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CAROL E GASSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03179260043
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-02-21
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
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
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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/PreparationDt02018-02-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIMOTHY J DAGES CPA
ReturnHeader/ReturnTs02018-02-21T17:08:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-08-01
ReturnHeader/TaxPeriodEndDt02017-07-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$556,968
Liabilities
$61,460
Net assets
$495,508
Revenue
$630,057
Expenses
$524,267
Net income
$105,790
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
2017Detailed filing. Detailed filing data is available for this year.$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
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