Civic Intelligence

Gary Middle College Inc

990 • Fiscal year 2018 • EIN 27-3510935

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

1630 N Meridian Street 350Indianapolis, IN 46202

(317) 536-1027

Siviq Scores

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

Liabilities / Assets

68th percentile

0.26x

Higher debt load relative to assets than 68% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

57th percentile

0.14x

Higher debt load relative to revenue than 57% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

70th percentile

13%

Higher net margin than 70% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

84th percentile

24%

Faster asset growth than 84% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

59th percentile

7.7%

Faster revenue growth than 59% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,004,315

Up $193,702 (+24%) from 2017

Net Assets

Up

$743,483

Up $247,717 (+50%) from 2017

Liabilities

Down

$260,832

Down $54,015 (-17%) from 2017

Revenue

Up

$1,905,779

Up $135,985 (+7.7%) from 2017

Expenses

Down

$1,658,062

Down $37,980 (-2.2%) from 2017

Net Income

Up

$247,717

Up $173,965 (+236%) from 2017

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2012: $92,333Liabilities 2012: $45,586Net Assets 2012: $46,7472012Assets 2013: $494,488Liabilities 2013: $327,433Net Assets 2013: $167,0552013Assets 2014: $837,333Liabilities 2014: $97,719Net Assets 2014: $739,6142014Assets 2015: $832,709Liabilities 2015: $95,071Net Assets 2015: $737,6382015Assets 2016: $752,568Liabilities 2016: $330,554Net Assets 2016: $422,0142016Assets 2017: $810,613Liabilities 2017: $314,847Net Assets 2017: $495,7662017Assets 2018: $1,004,315Liabilities 2018: $260,832Net Assets 2018: $743,4832018Assets 2020: $1,433,168Liabilities 2020: $226,613Net Assets 2020: $1,206,5552020Assets 2021: $1,578,659Liabilities 2021: $243,757Net Assets 2021: $1,334,9022021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2018

Assets$1,004,315
Liabilities$260,832
Net Assets$743,483

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $115,184Expenses 2012: $68,437Net Income 2012: $46,7472012Expenses 2013: $1,719,6022013Revenue 2014: $2,231,546Expenses 2014: $1,658,987Net Income 2014: $572,5592014Revenue 2015: $1,670,279Expenses 2015: $1,672,255Net Income 2015: -$1,9762015Revenue 2016: $1,494,060Expenses 2016: $1,809,684Net Income 2016: -$315,6242016Revenue 2017: $1,769,794Expenses 2017: $1,696,042Net Income 2017: $73,7522017Revenue 2018: $1,905,779Expenses 2018: $1,658,062Net Income 2018: $247,7172018Revenue 2020: $2,043,301Expenses 2020: $1,845,572Net Income 2020: $197,7292020Revenue 2021: $1,916,571Expenses 2021: $1,788,224Net Income 2021: $128,3472021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022

Highlighted filing

2018

Revenue$1,905,779
Expenses$1,658,062
Net Income$247,717
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.2
Gross Receipts
$1,905,779
Mission and Program Overview

Mission

Beating Poverty Through Quality Education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$478,555$546,719▲ $68,164
Cash and Non-Interest-Bearing Accounts$233,792$351,016▲ $117,224
Pledges and Grants Receivable$79,099$38,741▼ $40,358
Prepaid Expenses and Deferred Charges$19,167$20,625▲ $1,458
Accounts Receivable$0$0→ $0
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors-$0-
Total Assets$810,613$1,004,315▲ $193,702
Other Assets Total$0$47,214▲ $47,214
Liabilities
Unsecured Notes Loans Payable$204,462$177,237▼ $27,225
Accounts Payable and Accrued Expenses$110,385$83,595▼ $26,790
Other Liabilities$0$0→ $0
Total Liabilities$314,847$260,832▼ $54,015
Net Assets / Fund Balance
Unrestricted Net Assets$495,766$743,483▲ $247,717
Total Net Assets Fund Balance$495,766$743,483▲ $247,717
Total Liabilities and Net Assets / Fund Balance$810,613$1,004,315▲ $193,702

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$430,474$474,324$904,798
Leasehold Improvements$116,245$53,292$169,537
Compensation and Service Providers

Board Members and Trustees

NameTitle
-Chair
-Board Member
-School Treasurer
-Secretary/Treasurer
-Superintendent

Highest Paid Contractors

ContractorServicesLocationCompensation
Greater Educational Opportunities FoundationManagement Fees1630 N Meridian Street, Indianapolis, IN 46202$166,200
Revenue and Support

Revenue Composition

Contributions and Grants
$1,897,305
Program Service Revenue
$8,474
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$247,717

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,905,779
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$1,905,779
Total Revenue per Form 990
$1,905,779
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$834,308
Salaries, Compensation, and Employee Benefits$823,754
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$552,102$89,593-$641,695
Fees for Services Other$172,310$14,574$0$186,884
Fees for Services Management$134,298$33,574-$167,872
Depreciation Depletion$97,285$24,321-$121,606
Other Employee Benefits$67,935$16,984-$84,919
Occupancy$56,899$14,225-$71,124
Information Technology$52,155--$52,155
Pension Plan Contributions$40,110$10,028-$50,138
Payroll Taxes$40,895$6,107-$47,002
Office Expenses$18,654$12,972-$31,626
Other Expenses$15,780$3,945-$19,725
Fees for Services Accounting-$16,113-$16,113
Travel$14,428$1,590-$16,018
Advertising-$11,867-$11,867
Insurance$9,292$2,323-$11,615
Interest$1,413$353-$1,766
Total Functional Expenses$1,396,684$261,378$0$1,658,062

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,658,062
Total Expenses per Audited Statements$1,658,062
Total Expenses per Form 990$1,658,062
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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, Line 2 Family/business relationships amongst interested persons

Dana Johnson Teasley - Family relationship, Kevin Teasley - Family relationship

Form 990, Part VI, Line 3 Delegation of management duties

The organization has a management agreement with The Greater Education Opportunities Foundation, Inc. ("GEO") ("95-4406881") to provide management, operation, and administrative services. The compensation of officers, Kevin Teasley and Dana Teasley, is reported on GEO's respective Form 990 filing.

Form 990, Part VI, Line 8B Documentation of meetings held by committees of governing body

The organization does not have any committees with authority to act on behalf of the governing body.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The Form 990 is reviewed by the school treasurer, then emailed to the board for review and approval.

Form 990, Part VI, Line 12C Conflict of interest policy

All board members annually complete a confidentiality conflict of interest statements. If a conflict arises, it is noted and reviewed by the board to determine if any action needs to be taken. Individuals with conflicts abstain from voting on such matters.

Form 990, Part VI, Line 19 Required documents available to the public

Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to internal revenue code (IRC) section 6104. These documents are not available to the public at this time.

Filing and Contact Details

Filer

Filer Name
Gary Middle College Inc
EIN
27-3510935
Phone
3175361027
Address
1630 N Meridian Street 350, Indianapolis, IN 46202

Signing Officer

Name
Dana Johnson Teasley
Title
School Treasurer
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
2009
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
21
Volunteers
9

Preparer

Firm
Crowe Llp
Address
9600 Brownsboro Road Suite 400, Louisville, KY 40241-1122
Preparer
Rachel Spurlock
Phone
5023263996
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G Other Fees

Professional Services - Total Expense: 43913, Program Service Expense: 43913, Management and General Expenses: , Fundraising Expenses: ; Childcare Services - Total Expense: 70100, Program Service Expense: 70100, Management and General Expenses: , Fundraising Expenses: ; Security Services - Total Expense: 72871, Program Service Expense: 58297, Management and General Expenses: 14574, Fundraising Expenses: ;

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The School is exempt from income taxes on income from related activities under Section 501(c)(3) of the U. S. Internal Revenue Code and corresponding state tax law. Accordingly, no provision has been made for federal or state income taxes. Additionally, the School is not considered to be a private foundation under Section 509(a) of the Internal Revenue Code. The School has adopted applicable guidance with respect to accounting for uncertainty in income taxes. A tax position is recognized as a benefit only if it is "more likely than not" that 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 benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit will be recorded. The School does not expect the total amount of unrecorded tax benefits to significantly change in the next 12 months. The School recognizes interest and/or penalties related to income tax matters in income tax expense. The School did not have any amounts accrued for interest and penalties at June 30, 2018 and 2017.

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IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt9Kevin Teasley
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IRS990/MissionDesc0Beating Poverty Through Quality Education.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0495766
IRS990/NetAssetsOrFundBalancesEOYAmt0743483
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt084919
IRS990/OtherExpensesGrp/Desc0College Work
IRS990/OtherExpensesGrp/Desc1Ball State Fees
IRS990/OtherExpensesGrp/Desc2Dues and Fees
IRS990/OtherExpensesGrp/Desc3Joint Staff Reimbursement
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IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Kevin Teasley
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/Desc0Supporting Services
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0474324
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt053292
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IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01905779
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The School is exempt from income taxes on income from related activities under Section 501(c)(3) of the U. S. Internal Revenue Code and corresponding state tax law. Accordingly, no provision has been made for federal or state income taxes. Additionally, the School is not considered to be a private foundation under Section 509(a) of the Internal Revenue Code. The School has adopted applicable guidance with respect to accounting for uncertainty in income taxes. A tax position is recognized as a benefit only if it is "more likely than not" that 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 benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit will be recorded. The School does not expect the total amount of unrecorded tax benefits to significantly change in the next 12 months. The School recognizes interest and/or penalties related to income tax matters in income tax expense. The School did not have any amounts accrued for interest and penalties at June 30, 2018 and 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote
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IRS990ScheduleD/TotalExpensesPerForm990Amt01658062
IRS990ScheduleD/TotalLiabilityAmt00
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
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IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
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IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The racially nondiscriminatory policy is publicized on the website. It is also included in the Student Handbook and is part of the Charter.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1Organization receives federal and state grant money to achieve its stated mission. State-Adult Learners State-Basic Grant State-Charter Facilities Grant Federal-Title I Grant Federal-Sped Services (IDEA, Part B)
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Dana Johnson Teasley - Family relationship, Kevin Teasley - Family relationship
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization has a management agreement with The Greater Education Opportunities Foundation, Inc. ("GEO") ("95-4406881") to provide management, operation, and administrative services. The compensation of officers, Kevin Teasley and Dana Teasley, is reported on GEO's respective Form 990 filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization does not have any committees with authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Form 990 is reviewed by the school treasurer, then emailed to the board for review and approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All board members annually complete a confidentiality conflict of interest statements. If a conflict arises, it is noted and reviewed by the board to determine if any action needs to be taken. Individuals with conflicts abstain from voting on such matters.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to internal revenue code (IRC) section 6104. These documents are not available to the public at this time.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Professional Services - Total Expense: 43913, Program Service Expense: 43913, Management and General Expenses: , Fundraising Expenses: ; Childcare Services - Total Expense: 70100, Program Service Expense: 70100, Management and General Expenses: , Fundraising Expenses: ; Security Services - Total Expense: 72871, Program Service Expense: 58297, Management and General Expenses: 14574, Fundraising Expenses: ;
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2 Family/business relationships amongst interested persons
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 3 Delegation of management duties
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 12c Conflict of interest policy
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19 Required documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 11g Other Fees
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0Greater Educational Opportunities Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt021st Century Charter School of Gary
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1East Chicago Focus Academy Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0421659388
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1811151532

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