Civic Intelligence

Indiana Math & Science Academy North Indianapolis Inc

990 • Fiscal year 2019 • EIN 27-2184783

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 28, 2020

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

0.78x

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

39th percentile

0.10x

Higher debt load relative to revenue than 39% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

41st percentile

0.5%

Higher net margin than 41% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

80th percentile

17%

Faster asset growth than 80% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

60th percentile

7.7%

Faster revenue growth than 60% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$855,306

Up $127,187 (+17%) from 2018

Net Assets

Up

$184,646

Up $29,797 (+19%) from 2018

Liabilities

Up

$670,660

Up $97,390 (+17%) from 2018

Revenue And Expenses
Liabilities / Revenue39th percentileNet Margin41st percentile

Revenue

Up

$6,569,890

Up $469,259 (+7.7%) from 2018

Expenses

Up

$6,540,093

Up $305,957 (+4.9%) from 2018

Net Income

Up

$29,797

Up $163,302 (+122%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth80th 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

2019

Assets$855,306
Liabilities$670,660
Net Assets$184,646
Open 2019 Filing

Operations Trend

Revenue Growth60th 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

2019

Revenue$6,569,890
Expenses$6,540,093
Net Income$29,797
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 28, 2020
Return Version
2018v3.1
Gross Receipts
$6,569,890
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$365,254$550,770▲ $185,516
Land, Buildings, and Equipment, Net$231,868$179,421▼ $52,447
Pledges and Grants Receivable$130,997$125,115▼ $5,882
Total Assets$728,119$855,306▲ $127,187
Liabilities
Accounts Payable and Accrued Expenses$565,997$409,690▼ $156,307
Other Liabilities$0$253,697▲ $253,697
Deferred Revenue$7,273$7,273→ $0
Total Liabilities$573,270$670,660▲ $97,390
Net Assets / Fund Balance
Unrestricted Net Assets$154,849$184,646▲ $29,797
Total Net Assets Fund Balance$154,849$184,646▲ $29,797
Total Liabilities and Net Assets / Fund Balance$728,119$855,306▲ $127,187

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$107,706$381,163$488,869
Leasehold Improvements$71,715$37,129$108,844
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
David CoatsBoard Chair
Jim SparksDevelopment Chair
Toby MillerFinance Chair
Daniel PiersonAcd. Excellence Member
Murat GonulalanAcd. Excellence Member
Bernice Valentine-wattsDevelopment Member
Charise FrazierMember
Jerriann McfarlandMember
Laura DanielsonMember

Highest Paid Contractors

ContractorServicesLocationCompensation
Exp Learning & Entre Foundation INCLandlord2335 TREESDALE CIRCLE, Carmel, IN 46032$922,859
Miller TransportationTransportation111 OUTER LOOP, Louisville, KY 40214$705,705
Ceres FoodsFood Service5343 WEST ROSCOE STREET, Chicago, IL 60641-4141$337,544
Revenue and Support

Revenue Composition

Contributions and Grants
$6,490,964
Program Service Revenue
$24,137
Investment Income
$0
Other Revenue
$54,789
All Other Contributions
$3,524
Change in Net Assets
$29,797

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,569,890
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$495,777
Total Revenue per Audited Statements
$7,065,667
Total Revenue per Form 990
$6,569,890
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,812,699
Other Expenses$2,727,394
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,439,767$593,726-$3,033,493
Occupancy$959,645--$959,645
Other Employee Benefits$268,340$87,962-$356,302
Payroll Taxes$171,440$43,092-$214,532
Fees for Services Other$176,957$34,691-$211,648
Pension Plan Contributions$160,376$47,996-$208,372
Office Expenses$109,847$5,395-$115,242
Depreciation Depletion$96,071--$96,071
Insurance$40,964--$40,964
Fees for Services Management-$36,875-$36,875
Other Expenses$36,007$16,451-$36,007
All Other Expenses$27,698$535-$28,233
Information Technology$25,716--$25,716
Fees for Services Accounting-$16,825-$16,825
Travel$14,840--$14,840
Advertising-$8,659-$8,659
Conferences and Meetings-$2,921-$2,921
Fees for Services Legal-$227-$227
Total Functional Expenses$5,644,738$895,355$0$6,540,093

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,035,870
Expenses per Audited Statements$6,540,093
Total Expenses per Form 990$6,540,093
Expenses Not Reported on Form 990$495,777
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliated Entity$253,697
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
2020-01-28
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
88
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 2015 are open to audit for both federal and state purposes.”

Raw XML AppendixShowing 400 of 496 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 662 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/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.
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IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NondeductibleContributionsInd00
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IRS990/OfficeExpensesGrp/TotalAmt0115242
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0268340
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0356302
IRS990/OtherExpensesGrp/Desc0STUDENT TRANSPORTATION
IRS990/OtherExpensesGrp/Desc1FOOD SERVICE
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt016451
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IRS990/OtherExpensesGrp/ProgramServicesAmt1380288
IRS990/OtherExpensesGrp/ProgramServicesAmt239085
IRS990/OtherExpensesGrp/ProgramServicesAmt336007
IRS990/OtherExpensesGrp/TotalAmt0697697
IRS990/OtherExpensesGrp/TotalAmt1380288
IRS990/OtherExpensesGrp/TotalAmt255536
IRS990/OtherExpensesGrp/TotalAmt336007
IRS990/OtherLiabilitiesGrp/BOYAmt00
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt16573
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02439767
IRS990/OtherSalariesAndWagesGrp/TotalAmt03033493
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt043092
IRS990/PayrollTaxesGrp/ProgramServicesAmt0171440
IRS990/PayrollTaxesGrp/TotalAmt0214532
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt047996
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0160376
IRS990/PensionPlanContributionsGrp/TotalAmt0208372
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0130997
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0125115
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DAVID COATS
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM FEES
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt024137
IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYExcessBenefitTransInd00
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IRS990/PYInvestmentIncomeAmt00
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IRS990/PYOtherRevenueAmt057083
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IRS990/PYRevenuesLessExpensesAmt0-133505
IRS990/PYSalariesCompEmpBnftPaidAmt03568157
IRS990/PYTotalExpensesAmt06234136
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06100631
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt029797
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt028450
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt024137
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
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IRS990ScheduleD/DonatedServicesUseFcltsAmt0495777
IRS990ScheduleD/EquipmentGrp/BookValueAmt0107706
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0381163
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0488869
IRS990ScheduleD/ExpensesNotReportedAmt0495777
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06540093
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt071715
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt037129
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0108844
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0253697
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATED ENTITY
IRS990ScheduleD/RevenueNotReportedAmt0495777
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06569890
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 2015 ARE OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0179421
IRS990ScheduleD/TotalExpensesPerForm990Amt06540093
IRS990ScheduleD/TotalLiabilityAmt0253697
IRS990ScheduleD/TotalRevenuePerForm990Amt06569890
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07065667
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07035870
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/DisregardedEntityName/BusinessNameLine1Txt0IN MATH & SCIENCE ACADEMY - INDIANAPOLIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0205751308
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt04575 WEST 38TH STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0INDIANAPOLIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd046254
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$855,306
Liabilities
$670,660
Net assets
$184,646
Revenue
$6,569,890
Expenses
$6,540,093
Net income
$29,797
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