Civic Intelligence

The Independence Academy of Indiana Inc

990 • Fiscal year 2019 • EIN 26-1682732

Aug 01, 2018 to Jul 31, 2019 • Filed on Jan 12, 2020

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

63rd percentile

0.09x

Higher debt load relative to assets than 63% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

69th percentile

0.11x

Higher debt load relative to revenue than 69% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

63rd percentile

9.4%

Higher net margin than 63% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

52nd percentile

3.8%

Faster asset growth than 52% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

24th percentile

-10%

Faster revenue growth than 24% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$757,513

Up $27,513 (+3.8%) from 2018

Net Assets

Up

$689,907

Up $37,504 (+5.7%) from 2018

Liabilities

Down

$67,606

Down $9,991 (-13%) from 2018

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin63rd percentile

Revenue

Down

$603,252

Down $67,591 (-10%) from 2018

Expenses

Up

$546,504

Up $21,645 (+4.1%) from 2018

Net Income

Down

$56,748

Down $89,236 (-61%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth52nd 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

2019

Assets$757,513
Liabilities$67,606
Net Assets$689,907
Open 2019 Filing

Operations Trend

Revenue Growth24th 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

2019

Revenue$603,252
Expenses$546,504
Net Income$56,748
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2018 to Jul 31, 2019
Signed
Jan 12, 2020
Return Version
2018v3.2
Gross Receipts
$990,943
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$652,403$689,907▲ $37,504
Investments in Publicly Traded Securities$377,010$473,228▲ $96,218
Savings and Temporary Cash Investments$195,219$151,956▼ $43,263
Cash and Non-Interest-Bearing Accounts$127,842$101,155▼ $26,687
Land, Buildings, and Equipment, Net$29,929$23,685▼ $6,244
Prepaid Expenses and Deferred Charges-$7,489-
Total Assets$730,000$757,513▲ $27,513
Liabilities
Deferred Revenue$76,296$68,581▼ $7,715
Other Liabilities$1,301$-975▼ $2,276
Total Liabilities$77,597$67,606▼ $9,991
Net Assets / Fund Balance
Total Net Assets Fund Balance$652,403$689,907▲ $37,504
Total Liabilities and Net Assets / Fund Balance$730,000$757,513▲ $27,513

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$23,685$118,960$142,645
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
Carol E GassenPresident
Barb EbleBoard Member
Janice Hicks-slaughterBoard Member
Joe HeidtBoard Member
Kari ShewardBoard Member
Lee VriesmanBoard Member
Parick JamisonBoard Member
Simone RagaudBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$9,804
Program Service Revenue
$492,353
Investment Income
$48,127
Other Revenue
$52,968
All Other Contributions
$9,804
Change in Net Assets
$56,748
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$389,365
Other Expenses$138,389
Grants and Similar Amounts Paid$18,750
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$354,999--$354,999
Occupancy$41,294--$41,294
Payroll Taxes$28,276--$28,276
Insurance$18,948--$18,948
Grants to Domestic Individuals$18,750--$18,750
Information Technology$16,224--$16,224
Depreciation Depletion$10,900--$10,900
Office Expenses$9,743--$9,743
Fees for Service Investment Mgmnt Fees$6,338--$6,338
Pension Plan Contributions$6,090--$6,090
Advertising$4,659--$4,659
Fees for Services Accounting$4,250--$4,250
All Other Expenses$3,097--$3,097
Other Expenses$1,144--$1,144
Total Functional Expenses$546,504$0$0$546,504
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$80,643
Fundraising Direct Expenses$28,078
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$80,643$80,643$28,078$52,565
Total Events$80,643$80,643$28,078$52,565
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$-975
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
Phone
3179260043
Signed
2020-01-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol E Gassen
Formed
2008
Legal Domicile
In
Voting Board Members
8
Independent Board Members
8
Employees
14

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
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Internal scholarships provided for families where financial assistance is needed”

Raw XML AppendixShowing 400 of 424 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PYTotalRevenueAmt0670843
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IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt056748
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0195219
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0151956
IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt023685
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0118960
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0142645
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0-975
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt023685
IRS990ScheduleD/TotalLiabilityAmt0-975
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0INDEPENDENCE ACADEMY OF INDIANA, INC. PUBLISHES ITS NONDISCRIMINATION POLICY IN THE INDIANAPOLIS STAR - THE LOCAL/REGIONAL NEWSPAPER FOR THE INDIANAPOLIS AREA. 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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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt080643
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt080643
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt080643
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt052565
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt028078
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt028078
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt018750
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIPS/GRANTS ARE AWARDED TO INDIVIDUALS AND FAMILIES ON A NEEDS- BASED APPROACH. FAMILY INCOME IS CONFIRMED. OTHER SOURCES OF FUNDS FOR ASSISTANCE ARE UTILIZED FIRST AND THEN SCHOLARSHIPS ARE GRANTED FOR FAMILIES THAT ARE STILL IN NEED OF FINANCIAL ASSISTANCE. RECORDS FOR THE REVIEW AND ASSISTANCE ARE KEPT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INTERNAL SCHOLARSHIPS PROVIDED FOR FAMILIES WHERE FINANCIAL ASSISTANCE IS NEEDED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/ExplanationTxt2THE 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 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalEmployeeCnt014
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0546504
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IRS990/TotalOtherProgSrvcGrantAmt018750
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt04225
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt04225
IRS990/TotalProgramServiceExpensesAmt0546504
IRS990/TotalProgramServiceRevenueAmt0492353
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0540883
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0603252
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0757513
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04701 N CENTRAL AVENUE
IRS990/USAddress/CityNm0INDIANAPOLIS
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046205
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.IAINDIANA.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-22 18:59:49Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CAROL E GASSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03179260043
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-01-12
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$757,513
Liabilities
$67,606
Net assets
$689,907
Revenue
$603,252
Expenses
$546,504
Net income
$56,748
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
2019Detailed filing. Detailed filing data is available for this year.$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
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