Civic Intelligence

Indiana Math & Science Academy North Indianapolis Inc

990 • Fiscal year 2018 • EIN 27-2184783

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 18, 2018

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

86th percentile

0.79x

Higher debt load relative to assets than 86% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

37th percentile

0.09x

Higher debt load relative to revenue than 37% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

30th percentile

-2.2%

Higher net margin than 30% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

55th percentile

2.9%

Faster asset growth than 55% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

58th percentile

6.6%

Faster revenue growth than 58% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$728,119

Up $20,687 (+2.9%) from 2017

Net Assets

Down

$154,849

Down $133,505 (-46%) from 2017

Liabilities

Up

$573,270

Up $154,192 (+37%) from 2017

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin30th percentile

Revenue

Up

$6,100,631

Up $380,014 (+6.6%) from 2017

Expenses

Up

$6,234,136

Up $128,820 (+2.1%) from 2017

Net Income

Up

-$133,505

Up $251,194 (+65%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

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

2018

Assets$728,119
Liabilities$573,270
Net Assets$154,849
Open 2018 Filing

Operations Trend

Revenue Growth58th percentile

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

2018

Revenue$6,100,631
Expenses$6,234,136
Net Income-$133,505
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 18, 2018
Return Version
2017v2.3
Gross Receipts
$6,100,631
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$214,018$365,254▲ $151,236
Land, Buildings, and Equipment, Net$284,768$231,868▼ $52,900
Pledges and Grants Receivable$122,287$130,997▲ $8,710
Accounts Receivable$86,359$0▼ $86,359
Total Assets$707,432$728,119▲ $20,687
Liabilities
Accounts Payable and Accrued Expenses$411,805$565,997▲ $154,192
Deferred Revenue$7,273$7,273→ $0
Total Liabilities$419,078$573,270▲ $154,192
Net Assets / Fund Balance
Unrestricted Net Assets$288,354$154,849▼ $133,505
Total Net Assets Fund Balance$288,354$154,849▼ $133,505
Total Liabilities and Net Assets / Fund Balance$707,432$728,119▲ $20,687

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$153,674$291,572$445,246
Leasehold Improvements$78,194$30,649$108,843
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Michael ChisleyAcademic Excellence Chair
David CoatsBoard Chair
Jim SparksDevelopment Chair
Toby MillerFinance Chair
Ron ErnstGovernance Chair
Bernice Valentine-wattsDirector
Bulent GulerDirector
Daniel PiersonDirector
Murat GonulalanDirector
Murat DundarDirector (end 11/17)

Highest Paid Contractors

ContractorServicesLocationCompensation
Exp Learning & Entre Foundation INCLandlord2335 TREESDALE CIRCLE, Carmel, IN 46032$897,447
Miller TransportationTransportation111 OUTER LOOP, Louisville, KY 40214$499,009
Visionary School TrustHealth, Dental And Other Medical1336 BASSWOOD RD, Schaumburg, IL 60173$440,109
Ceres FoodsFood Service5343 WEST ROSCOE STREET, Chicago, IL 60641-4141$350,123
Revenue and Support

Revenue Composition

Contributions and Grants
$5,979,205
Program Service Revenue
$64,343
Investment Income
$0
Other Revenue
$57,083
All Other Contributions
$1,655
Change in Net Assets
$-133,505

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,100,631
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$481,515
Total Revenue per Audited Statements
$6,582,146
Total Revenue per Form 990
$6,100,631
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,568,157
Other Expenses$2,665,979
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,315,780$534,080-$2,849,860
Occupancy$978,948--$978,948
Other Employee Benefits$236,119$70,100-$306,219
Pension Plan Contributions$164,313$44,419-$208,732
Payroll Taxes$162,917$40,429-$203,346
Fees for Services Other$174,053$9,792-$183,845
Depreciation Depletion$110,750--$110,750
Office Expenses$71,201$24,647-$95,848
Insurance$45,627--$45,627
Other Expenses$41,318$1,018-$42,336
Fees for Services Management-$35,619-$35,619
Advertising-$21,446-$21,446
Information Technology$13,961$3,804-$17,765
Fees for Services Accounting-$15,850-$15,850
All Other Expenses$8,750$3,922-$12,672
Travel$6,900--$6,900
Conferences and Meetings-$3,299-$3,299
Total Functional Expenses$5,396,088$838,048$0$6,234,136

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,715,651
Expenses per Audited Statements$6,234,136
Total Expenses per Form 990$6,234,136
Expenses Not Reported on Form 990$481,515
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 11B

“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
David Coats
Title
Chairman
Phone
3172597300
Signed
2018-12-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Coats
Formed
2010
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
83
Volunteers
35

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 there are no material contingent tax liabilities or questionable tax positions. Tax years ending after 2014 are open to audit for both federal and state purposes.”

Raw XML AppendixShowing 400 of 518 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/Desc0THE ORGANIZATION PROVIDES 185 DAYS OF EDUCATIONAL INSTRUCTION TO APPROXIMATELY 638 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/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR (END 11/17)
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IRS990/InformationTechnologyGrp/ProgramServicesAmt013961
IRS990/InformationTechnologyGrp/TotalAmt017765
IRS990/InsuranceGrp/ProgramServicesAmt045627
IRS990/InsuranceGrp/TotalAmt045627
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt029
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0322221
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0284768
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0231868
IRS990/LandBldgEquipCostOrOtherBssAmt0554089
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/NetAssetsOrFundBalancesBOYAmt0288354
IRS990/NetAssetsOrFundBalancesEOYAmt0154849
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt024851
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt024851
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0978948
IRS990/OccupancyGrp/TotalAmt0978948
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt024647
IRS990/OfficeExpensesGrp/ProgramServicesAmt071201
IRS990/OfficeExpensesGrp/TotalAmt095848
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt070100
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0236119
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0306219
IRS990/OtherExpensesGrp/Desc0STUDENT TRANSPORTATION
IRS990/OtherExpensesGrp/Desc1FOOD SERVICE
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3STAFF DEVELOPMENT AND R
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt029623
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11018
IRS990/OtherExpensesGrp/ProgramServicesAmt0655969
IRS990/OtherExpensesGrp/ProgramServicesAmt1359384
IRS990/OtherExpensesGrp/ProgramServicesAmt250098
IRS990/OtherExpensesGrp/ProgramServicesAmt341318
IRS990/OtherExpensesGrp/TotalAmt0655969
IRS990/OtherExpensesGrp/TotalAmt1359384
IRS990/OtherExpensesGrp/TotalAmt279721
IRS990/OtherExpensesGrp/TotalAmt342336
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/Desc1REFUNDS/OVERPAYMENTS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt031064
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt11168
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt031064
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11168
IRS990/OtherRevenueTotalAmt032232
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0534080
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02315780
IRS990/OtherSalariesAndWagesGrp/TotalAmt02849860
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt040429
IRS990/PayrollTaxesGrp/ProgramServicesAmt0162917
IRS990/PayrollTaxesGrp/TotalAmt0203346
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt044419
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0164313
IRS990/PensionPlanContributionsGrp/TotalAmt0208732
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0122287
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0130997
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DAVID COATS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt064343
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt064343
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05599681
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02773214
IRS990/PYOtherRevenueAmt060254
IRS990/PYProgramServiceRevenueAmt060682
IRS990/PYRevenuesLessExpensesAmt0-384699
IRS990/PYSalariesCompEmpBnftPaidAmt03332102
IRS990/PYTotalExpensesAmt06105316
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05720617
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-133505
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt024851
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt064343
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0481515
IRS990ScheduleD/DonatedServicesUseFcltsAmt0481515
IRS990ScheduleD/EquipmentGrp/BookValueAmt0153674
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0291572
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0445246
IRS990ScheduleD/ExpensesNotReportedAmt0481515
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06234136
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt078194
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt030649
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0108843
IRS990ScheduleD/RevenueNotReportedAmt0481515
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06100631
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 THERE ARE NO MATERIAL CONTINGENT TAX LIABILITIES OR QUESTIONABLE TAX POSITIONS. TAX YEARS ENDING AFTER 2014 ARE OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0231868
IRS990ScheduleD/TotalExpensesPerForm990Amt06234136
IRS990ScheduleD/TotalRevenuePerForm990Amt06100631
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06582146
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06715651
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 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:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0IN MATH & SCIENCE ACADEMY - INDIANAPOLIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1IN MATH & SCIENCE ACADEMY - SOUTH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0205751308
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1454992195
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$728,119
Liabilities
$573,270
Net assets
$154,849
Revenue
$6,100,631
Expenses
$6,234,136
Net income
-$133,505
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