Civic Intelligence

Indiana Math & Science Academy North Indianapolis Inc

990 • Fiscal year 2016 • EIN 27-2184783

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 11, 2017

Organization ProfileWWW.IMSAINDY.ORG
7435 N Keystone AveIndianapolis, IN 46240

(317) 259-7300

Siviq Scores

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

Liabilities / Assets

71st percentile

0.43x

Higher debt load relative to assets than 71% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

31st percentile

0.08x

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

54th percentile

3.2%

Higher net margin than 54% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Balance Sheet
Liabilities / Assets71st percentile

Assets

$1,187,605

No earlier filing loaded for comparison.

Net Assets

$673,053

No earlier filing loaded for comparison.

Liabilities

$514,552

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin54th percentile

Revenue

$6,339,209

No earlier filing loaded for comparison.

Expenses

$6,135,869

No earlier filing loaded for comparison.

Net Income

$203,340

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$20M$15M$10M$5.0M$0Assets 2016: $1,187,605Liabilities 2016: $514,552Net Assets 2016: $673,0532016Assets 2017: $707,432Liabilities 2017: $419,078Net Assets 2017: $288,3542017Assets 2018: $728,119Liabilities 2018: $573,270Net Assets 2018: $154,8492018Assets 2019: $855,306Liabilities 2019: $670,660Net Assets 2019: $184,6462019Assets 2020: $1,925,091Liabilities 2020: $1,607,282Net Assets 2020: $317,8092020Assets 2021: $2,378,920Liabilities 2021: $878,800Net Assets 2021: $1,500,1202021Assets 2022: $15,463,931Liabilities 2022: $13,674,722Net Assets 2022: $1,789,2092022Assets 2023: $16,139,374Liabilities 2023: $14,008,456Net Assets 2023: $2,130,9182023Assets 2024: $16,146,470Liabilities 2024: $14,081,303Net Assets 2024: $2,065,1672024Assets 2025: $15,608,854Liabilities 2025: $13,528,378Net Assets 2025: $2,080,4762025

Highlighted filing

2016

Assets$1,187,605
Liabilities$514,552
Net Assets$673,053
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$15M$10M$5.0M$0-$5.0MRevenue 2016: $6,339,209Expenses 2016: $6,135,869Net Income 2016: $203,3402016Revenue 2017: $5,720,617Expenses 2017: $6,105,316Net Income 2017: -$384,6992017Revenue 2018: $6,100,631Expenses 2018: $6,234,136Net Income 2018: -$133,5052018Revenue 2019: $6,569,890Expenses 2019: $6,540,093Net Income 2019: $29,7972019Revenue 2020: $7,097,631Expenses 2020: $6,964,468Net Income 2020: $133,1632020Revenue 2021: $9,108,480Expenses 2021: $7,926,169Net Income 2021: $1,182,3112021Revenue 2022: $9,488,343Expenses 2022: $9,199,254Net Income 2022: $289,0892022Revenue 2023: $10,259,590Expenses 2023: $9,917,881Net Income 2023: $341,7092023Revenue 2024: $10,381,496Expenses 2024: $10,447,247Net Income 2024: -$65,7512024Revenue 2025: $10,130,802Expenses 2025: $10,115,493Net Income 2025: $15,3092025

Highlighted filing

2016

Revenue$6,339,209
Expenses$6,135,869
Net Income$203,340
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 11, 2017
Return Version
2015v3.0
Gross Receipts
$6,339,209
Mission and Program Overview

Mission

To prepare students for college by creating an effective learning community of higher standards and expectations with a rigorous curriculum focusing on science, math, and technology.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$516,764$594,466▲ $77,702
Land, Buildings, and Equipment, Net$463,762$430,524▼ $33,238
Pledges and Grants Receivable$69,673$111,519▲ $41,846
Accounts Receivable$87,877$51,096▼ $36,781
Prepaid Expenses and Deferred Charges$992$0▼ $992
Total Assets$1,139,068$1,187,605▲ $48,537
Liabilities
Accounts Payable and Accrued Expenses$654,790$507,279▼ $147,511
Mortgage Notes Payable Secured by Investment Property$7,292$0▼ $7,292
Deferred Revenue$7,273$7,273→ $0
Total Liabilities$669,355$514,552▼ $154,803
Net Assets / Fund Balance
Unrestricted Net Assets$469,713$673,053▲ $203,340
Total Net Assets Fund Balance$469,713$673,053▲ $203,340
Total Liabilities and Net Assets / Fund Balance$1,139,068$1,187,605▲ $48,537

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$311,535$367,917$679,452
Other Land Buildings$27,835$124,787$152,622
Leasehold Improvements$91,154$17,689$108,843
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Jeanette MoodyAcademic Excellence Chair
David CoatsFinance Chair
Kent MillardBoard President
Brenda ShaheedDirector
Bulent GulerDirector
M Emin OzdemirDirector
Murat AtlamazDirector
Murat DundarDirector
Ron ErnstDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Student TransitStudent Transportation1 SODREL DRIVE, Jeffersonville, IN 47130$363,644
Concept Schools INCManagement2250 EAST DEVON AVENUE SUITE 225, Des Plaines, IL 60018$320,000
Ceres FoodsFood Service5343 ROSCOE STREET, Chicago, IL 60641-4141$296,512
Visionary Schools TrustManagement2250 EAST DEVON AVENUE SUITE 225, Des Plaines, IL 60018$152,508
Revenue and Support

Revenue Composition

Contributions and Grants
$6,224,902
Program Service Revenue
$63,407
Investment Income
$0
Other Revenue
$50,900
All Other Contributions
$2,504
Change in Net Assets
$203,340

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,339,209
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$147,635
Total Revenue per Audited Statements
$6,486,844
Total Revenue per Form 990
$6,339,209
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,171,926
Other Expenses$2,963,943
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,042,504$487,270-$2,529,774
Occupancy$1,047,463--$1,047,463
Fees for Services Management-$320,000-$320,000
Other Employee Benefits$176,520$90,222-$266,742
Fees for Services Other$183,581$15,008-$198,589
Depreciation Depletion$189,698--$189,698
Office Expenses$155,102$34,037-$189,139
Pension Plan Contributions$142,961$45,881-$188,842
Payroll Taxes$147,689$38,879-$186,568
Other Expenses$59,934$5,883-$65,817
Insurance$47,016--$47,016
Advertising-$36,013-$36,013
Information Technology$30,394$2,735-$33,129
Travel$21,161--$21,161
All Other Expenses$12,702$4,829-$17,531
Fees for Services Accounting-$14,577-$14,577
Fees for Services Legal-$6,311-$6,311
Conferences and Meetings-$6,122-$6,122
Total Functional Expenses$5,022,437$1,113,432$0$6,135,869

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,283,504
Expenses per Audited Statements$6,135,869
Total Expenses per Form 990$6,135,869
Expenses Not Reported on Form 990$147,635
Expenses Not Reported on Financial Statements$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
No
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 concept schools, inc. To provide educational, administrative, and management services.”

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

“The organization did not have committees with the authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, line 11

“A copy of the form 990 is provided to each member of the board of directors for review and comment prior to filing.”

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

“Members of the board of directors are not required to submit an annual disclosure of interests document; however, members are required to disclose any matters involving a potential conflict at the time that the matter arises. At board of directors meetings, any potential conflicts with an issue at hand are presented and discussed. The party in conflict is precluded from advocating for the action to be taken and from voting on the matter. The board minutes report the nature of the conflict and its resolution.”

Form 990, Part VI, Section B, line 15

“The organization is managed by concept schools, inc. And as such does not directly employ a ceo, executive director, or other executive personnel. The compensation of school employees is determined by reference to industry norms and approved by the board of directors.”

Form 990, Part VI, Section C, line 19

“All governing documents are available for public inspection and may be obtained upon request of the organization's business manager. In addition, board meetings are open to the public whereby any inquiries will be addressed.”

Filing and Contact Details

Filer

Filer Name
Indiana Math & Science Academy North
EIN
27-2184783
Phone
3172597300
Address
7435 N Keystone Ave, Indianapolis, IN 46240

Signing Officer

Name
Kent Millard
Title
Chairman
Phone
3172597300
Signed
2017-01-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kent Millard
Formed
2010
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
103
Volunteers
21

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 year.”

Financial Statement Notes

Part X, Line 2:

“Professional accounting standards require the School 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. The School has examined this issue and has determined that there are no material contingent tax liabilities or questionable tax positions. Tax years ending after 2012 are open to audit for both federal and state purposes.”

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IRS990/Desc0THE ORGANIZATION PROVIDES 185 DAYS OF EDUCATIONAL INSTRUCTION TO APPROXIMATELY 672 STUDENTS IN GRADES KINDERGARTEN THROUGH TWELVE, WITH A FOCUS ON SCIENCE, MATHEMATICS, AND TECHNOLOGY. AS A SCHOOL, WE PROVIDE 40 DIFFERENT CLUB ACTIVITIES, IN WHICH 80% OF THE STUDENTS PARTICIPATE. THE SCHOOL ALSO SUPPORTS SOCIAL SKILLS AND EXPANSION OF KNOWLEDGE THROUGH VARIOUS FIELDTRIP ACTIVITIES.
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt02735
IRS990/InformationTechnologyGrp/ProgramServicesAmt030394
IRS990/InformationTechnologyGrp/TotalAmt033129
IRS990/InsuranceGrp/ProgramServicesAmt047016
IRS990/InsuranceGrp/TotalAmt047016
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt020
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0510393
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0463762
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0430524
IRS990/LandBldgEquipCostOrOtherBssAmt0940917
IRS990/LegalDomicileStateCd0IN
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PREPARE STUDENTS FOR COLLEGE BY CREATING AN EFFECTIVE LEARNING COMMUNITY OF HIGHER STANDARDS AND EXPECTATIONS WITH A RIGOROUS CURRICULUM FOCUSING ON SCIENCE, MATH, AND TECHNOLOGY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt07292
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0469713
IRS990/NetAssetsOrFundBalancesEOYAmt0673053
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt021355
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt021355
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt01047463
IRS990/OccupancyGrp/TotalAmt01047463
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt034037
IRS990/OfficeExpensesGrp/ProgramServicesAmt0155102
IRS990/OfficeExpensesGrp/TotalAmt0189139
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt090222
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0176520
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0266742
IRS990/OtherExpensesGrp/Desc0STUDENT TRANSPORTATION
IRS990/OtherExpensesGrp/Desc1FOOD SERVICE
IRS990/OtherExpensesGrp/Desc2STAFF DEVELOPMENT AND R
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05665
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15883
IRS990/OtherExpensesGrp/ProgramServicesAmt0369119
IRS990/OtherExpensesGrp/ProgramServicesAmt1323515
IRS990/OtherExpensesGrp/ProgramServicesAmt273078
IRS990/OtherExpensesGrp/ProgramServicesAmt359934
IRS990/OtherExpensesGrp/TotalAmt0369119
IRS990/OtherExpensesGrp/TotalAmt1323515
IRS990/OtherExpensesGrp/TotalAmt278743
IRS990/OtherExpensesGrp/TotalAmt365817
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/Desc1REFUNDS/OVERPAYMENTS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt014901
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt114644
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt014901
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt114644
IRS990/OtherRevenueTotalAmt029545
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0487270
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02042504
IRS990/OtherSalariesAndWagesGrp/TotalAmt02529774
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt038879
IRS990/PayrollTaxesGrp/ProgramServicesAmt0147689
IRS990/PayrollTaxesGrp/TotalAmt0186568
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt045881
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0142961
IRS990/PensionPlanContributionsGrp/TotalAmt0188842
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt069673
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0111519
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0992
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0KENT MILLARD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt063407
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt063407
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06241414
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt03058097
IRS990/PYOtherRevenueAmt024943
IRS990/PYProgramServiceRevenueAmt0100544
IRS990/PYRevenuesLessExpensesAmt0200382
IRS990/PYSalariesCompEmpBnftPaidAmt03108422
IRS990/PYTotalExpensesAmt06166519
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06366901
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0203340
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt021355
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt063407
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0147635
IRS990ScheduleD/DonatedServicesUseFcltsAmt0147635
IRS990ScheduleD/EquipmentGrp/BookValueAmt0311535
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0367917
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0679452
IRS990ScheduleD/ExpensesNotReportedAmt0147635
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06135869
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt091154
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt017689
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0108843
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt027835
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0124787
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0152622
IRS990ScheduleD/RevenueNotReportedAmt0147635
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06339209
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Professional accounting standards require the School 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. The School has examined this issue and has determined that there are no material contingent tax liabilities or questionable tax positions. Tax years ending after 2012 are open to audit for both federal and state purposes.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0430524
IRS990ScheduleD/TotalExpensesPerForm990Amt06135869
IRS990ScheduleD/TotalRevenuePerForm990Amt06339209
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06486844
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06283504
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/ExplanationTxt0ENROLLMENT APPLICATIONS ARE PROVIDED ONLINE AT WWW.IMSAINDY.ORG. THE ADMISSION POLICY CLEARLY STATES THAT ENROLLMENT IS OPEN TO ALL STUDENTS ON A SPACE AVAILABLE BASIS AND THAT THE SCHOOL DOES NOT DISCRIMINATE IN ANY MANNER.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RECEIVES STATE FUNDS UNDER THE INDIANA CHARTER SCHOOL ACT (INDIANA CODE 20-24). THE ORGANIZATION ALSO RECEIVES FEDERAL FUNDS UNDER GRANTS FOR INSTRUCTION AND SCHOOL LUNCHES.
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 CONCEPT SCHOOLS, INC. TO PROVIDE EDUCATIONAL, ADMINISTRATIVE, AND MANAGEMENT SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DID NOT HAVE COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS OF THE BOARD OF DIRECTORS ARE NOT REQUIRED TO SUBMIT AN ANNUAL DISCLOSURE OF INTERESTS DOCUMENT; HOWEVER, MEMBERS ARE REQUIRED TO DISCLOSE ANY MATTERS INVOLVING A POTENTIAL CONFLICT AT THE TIME THAT THE MATTER ARISES. AT BOARD OF DIRECTORS MEETINGS, ANY POTENTIAL CONFLICTS WITH AN ISSUE AT HAND ARE PRESENTED AND DISCUSSED. THE PARTY IN CONFLICT IS PRECLUDED FROM ADVOCATING FOR THE ACTION TO BE TAKEN AND FROM VOTING ON THE MATTER. THE BOARD MINUTES REPORT THE NATURE OF THE CONFLICT AND ITS RESOLUTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION IS MANAGED BY CONCEPT SCHOOLS, INC. AND AS SUCH DOES NOT DIRECTLY EMPLOY A CEO, EXECUTIVE DIRECTOR, OR OTHER EXECUTIVE PERSONNEL. THE COMPENSATION OF SCHOOL EMPLOYEES IS DETERMINED BY REFERENCE TO INDUSTRY NORMS AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL GOVERNING DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION AND MAY BE OBTAINED UPON REQUEST OF THE ORGANIZATION'S BUSINESS MANAGER. IN ADDITION, BOARD MEETINGS ARE OPEN TO THE PUBLIC WHEREBY ANY INQUIRIES WILL BE ADDRESSED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR ITS SELECTION PROCESS DURING THE 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 11
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:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,187,605
Liabilities
$514,552
Net assets
$673,053
Revenue
$6,339,209
Expenses
$6,135,869
Net income
$203,340
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$15.6$13.5$2.08$10.1$10.1$0.02
2024Detailed filing. Detailed filing data is available for this year.$16.1$14.1$2.07$10.4$10.4$0.07
2023Detailed filing. Detailed filing data is available for this year.$16.1$14.0$2.13$10.3$9.92$0.34
2022Detailed filing. Detailed filing data is available for this year.$15.5$13.7$1.79$9.49$9.20$0.29
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.38$0.88$1.50$9.11$7.93$1.18
2020Detailed filing. Detailed filing data is available for this year.$1.93$1.61$0.32$7.10$6.96$0.13
2019Detailed filing. Detailed filing data is available for this year.$0.86$0.67$0.18$6.57$6.54$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.73$0.57$0.15$6.10$6.23$0.13
2017Detailed filing. Detailed filing data is available for this year.$0.71$0.42$0.29$5.72$6.11$0.38
2016Detailed filing. Detailed filing data is available for this year.$1.19$0.51$0.67$6.34$6.14$0.20