Liabilities / Assets
91st percentile
Higher debt load relative to assets than 91% of similar nonprofits.
EIN 27-5410664 • 501(c)3 • Framingham, MA
Profile
To provide local boards and school leaders with services that support the achievement of their academic, financial, and organizational goals.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
91st percentile
Higher debt load relative to assets than 91% of similar nonprofits.
Liabilities / Revenue
96th percentile
Higher debt load relative to revenue than 96% of similar nonprofits.
Net Margin
48th percentile
Higher net margin than 48% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
57th percentile
Faster asset growth than 57% of similar nonprofits.
Revenue Growth
31st percentile
Faster revenue growth than 31% of similar nonprofits.
Assets
Up$46,564,386
Up $3,201,073 (+7.4%) from 2015
Liabilities
Up$43,695,041
Up $3,019,696 (+7.4%) from 2015
Net Assets
Up$2,869,345
Up $181,377 (+6.7%) from 2015
Revenue
Down$5,177,196
Down $23,902 (-0.5%) from 2015
Expenses
Up$4,995,819
Up $292,398 (+6.2%) from 2015
Net Income
Down$181,377
Down $316,300 (-64%) from 2015
Most recent year
2016 • Form 990Detailed filing. Detailed filing data is available for this year.
To provide local boards and school leaders with services that support the achievement of their academic, financial, and organizational goals.
To provide public charter schools and school leaders with services that support their goals.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments Program Related | $34,451,846 | $34,469,895 | ▲ $18,049 |
| Savings and Temporary Cash Investments | $4,036,774 | $3,093,065 | ▼ $943,709 |
| Cash and Non-Interest-Bearing Accounts | $2,583,587 | $2,611,314 | ▲ $27,727 |
| Land, Buildings, and Equipment, Net | $450,756 | $2,344,304 | ▲ $1,893,548 |
| Accounts Receivable | $112,434 | $193,605 | ▲ $81,171 |
| Prepaid Expenses and Deferred Charges | $23,278 | $82,964 | ▲ $59,686 |
| Total Assets | $43,363,313 | $46,564,386 | ▲ $3,201,073 |
| Other Assets Total | $1,704,638 | $3,769,239 | ▲ $2,064,601 |
| Liabilities | |||
| Tax Exempt Bond Liabilities | $37,255,000 | $37,255,000 | → $0 |
| Mortgage Notes Payable Secured by Investment Property | $448,970 | $2,849,870 | ▲ $2,400,900 |
| Accounts Payable and Accrued Expenses | $1,451,375 | $1,938,731 | ▲ $487,356 |
| Unsecured Notes Loans Payable | $1,000,000 | $1,250,000 | ▲ $250,000 |
| Other Liabilities | $520,000 | $361,815 | ▼ $158,185 |
| Deferred Revenue | - | $39,625 | - |
| Total Liabilities | $40,675,345 | $43,695,041 | ▲ $3,019,696 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $2,687,968 | $2,869,345 | ▲ $181,377 |
| Total Net Assets Fund Balance | $2,687,968 | $2,869,345 | ▲ $181,377 |
| Total Liabilities and Net Assets / Fund Balance | $43,363,313 | $46,564,386 | ▲ $3,201,073 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $1,417,702 | $13,200 | $1,430,902 |
| Leasehold Improvements | $819,158 | $246,902 | $1,066,060 |
| Land | $99,000 | - | $99,000 |
| Equipment | $8,444 | $4,949 | $13,393 |
| Investment Program Related Org | $34,469,895 | - | - |
| Other Assets Org | $1,069,694 | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Joel Scharfer | Former VP of Finance | FT | $131,672 | $1,393 | $133,065 |
| Michael Ronan | Former President (resigned Fy16) | FT | $92,053 | - | $92,053 |
| Lisa Clay | Secretary / Director of Marketing & Research | PT | $45,935 | - | $45,935 |
| David Feinberg | President and CEO | FT | $43,177 | $1,731 | $44,908 |
| Name | Title |
|---|---|
| Edward Mahaney-walter | Chair |
| Andrew Torre | Director |
| Annie King | Director |
| John Kuhnen | Director |
| Line Item | Amount |
|---|---|
| Other Expenses | $4,220,437 |
| Salaries, Compensation, and Employee Benefits | $775,382 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Interest | $2,709,372 | - | - | $2,709,372 |
| Occupancy | $516,219 | $45,184 | - | $561,403 |
| Other Salaries and Wages | $362,638 | $57,997 | - | $420,635 |
| Depreciation Depletion | $263,225 | $1,836 | - | $265,061 |
| Current Officers, Directors, Trustees, and Key Employees | $173,171 | $69,404 | - | $242,575 |
| Fees for Services Other | $87,302 | $9,675 | - | $96,977 |
| Fees for Services Legal | - | $67,505 | - | $67,505 |
| Payroll Taxes | $49,212 | $11,544 | - | $60,756 |
| Other Employee Benefits | $41,960 | $9,456 | - | $51,416 |
| Office Expenses | $10,386 | $20,670 | - | $31,056 |
| Travel | $19,521 | $8,366 | - | $27,887 |
| All Other Expenses | $14,267 | $13,459 | - | $27,726 |
| Fees for Services Accounting | - | $24,775 | - | $24,775 |
| Other Expenses | $24,100 | $27,613 | - | $24,100 |
| Fees for Services Management | $3,000 | - | - | $3,000 |
| Advertising | - | $2,120 | - | $2,120 |
| Total Functional Expenses | $4,626,215 | $369,604 | $0 | $4,995,819 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Capital Lease Liability | $251,815 |
| Bonds Payable | $110,000 |
| Bond | Issuer | Issued | Issue Price | Purpose |
|---|---|---|---|---|
| B | Indiana Finance Authority | 2013-08-28 | $20,265,000 | Financing the construction of real property for use of public charter school |
| A | Indiana Finance Authority | 2013-08-28 | $16,990,000 | Financing the construction of real property for use of public charter school |
| Bond | Total Proceeds | Spent | Retired | Issuance Costs |
|---|---|---|---|---|
| B | $20,265,000 | - | - | $401,247 |
| A | $16,990,000 | - | - | $336,402 |
“The form 990 is prepared by the external auditors and reviewed by management. Revisions, corrections, etc. Are made as necessary. Once all are satisfied with the form, it is finalized and a copy is sent to all board members. A review of the 990 is conducted at a board of directors meeting prior to filing with the irs.”
“The organization requires the board of directors to complete on an annual basis the conflict of interest form. The policy calls for full disclosure within 48 hours in the event of a conflict of interest and an evaluation is done by the president. No action is done without a vote by the full board which could include resignation or removal from the board.”
“Annually the board of directors, absent the ceo, conducts a performance review and evaluation of the ceo. The review also establishes the individual's compensation for the following year. The board's deliberation and decision is noted in the minutes of the meeting. The compensation of other officers and key employees is established by the ceo and is available for review by the board.”
“The organization's articles of incorporation are available at the secretary of state's office and on the commonwealth of massachusetts attorney general's website. The annual financial statements are included in the annual filing with the commonwealth of massachusetts attorney general and are available for public inspection on the attorney general's website. The organization's by-laws are also available for public inspection on the attorney general's website.”
“The finance committee assumes responsibility for the oversight of the audit and selection of the independent accountant.”
“The organization accounts for uncertainty in income taxes in accordance with asc topic, income taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the consolidated financial statements regarding a tax position taken or expected to be taken in a tax return. The organization has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the consolidated financial statements at june 30, 2016.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 1451375 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 1938731 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 112434 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 193605 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO PROVIDE PUBLIC CHARTER SCHOOLS AND SCHOOL LEADERS WITH SERVICES THAT SUPPORT THEIR GOALS. |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 2120 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 2120 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 13459 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 14267 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 27726 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | DAVID FEINBERG |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 5086260904 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1661 WORCESTER ROAD SUITE 204 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | FRAMINGHAM |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 01701 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 2583587 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 2611314 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 69404 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 173171 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 242575 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 1 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 4220437 |
| IRS990/CYOtherRevenueAmt | 0 | 35225 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 5141971 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 181377 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 775382 |
| IRS990/CYTotalExpensesAmt | 0 | 4995819 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 5177196 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 39625 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 1836 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 263225 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 265061 |
| IRS990/Desc | 0 | PROVIDE FACILITY MANAGEMENT AND FINANCIAL ADVISORY SERVICES TO PUBLIC CHARTER SCHOOLS THAT AIM TO HELP THE SCHOOLS MAXIMIZE THEIR EFFICIENCY IN THE USE OF PUBLIC FUNDS FOR EDUCATION WITH THE GOAL OF EXPANDING THE PERCENTAGE OF FUNDS USED FOR EDUCATING STUDENTS VS. FUNDS EXPENDED FOR ADMINISTRATION AND OVERHEAD. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 1 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 14 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/EscrowAccountInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 4626215 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 24775 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 24775 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 67505 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 67505 |
| IRS990/FeesForServicesManagementGrp/ProgramServicesAmt | 0 | 3000 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 3000 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 9675 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 87302 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 96977 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 31.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 1731 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 1393 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | EDWARD MAHANEY-WALTER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | ANDREW TORRE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | ANNIE KING |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | LISA CLAY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | MICHAEL RONAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | DAVID FEINBERG |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | JOHN KUHNEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | JOEL SCHARFER |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 45935 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 92053 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 43177 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 131672 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | SECRETARY / DIRECTOR OF MARKETING & RESEARCH |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | FORMER PRESIDENT (RESIGNED FY16) |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | PRESIDENT AND CEO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | FORMER VP OF FINANCE |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2011 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 6 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 5177196 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 4 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 2709372 |
| IRS990/InterestGrp/TotalAmt | 0 | 2709372 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 34451846 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 34469895 |
| IRS990/InvestTaxExemptBondsInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 1 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 265051 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 450756 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 2344304 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 2609355 |
| IRS990/LegalDomicileStateCd | 0 | DE |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | TO PROVIDE LOCAL BOARDS AND SCHOOL LEADERS WITH SERVICES THAT SUPPORT THE ACHIEVEMENT OF THEIR ACADEMIC, FINANCIAL, AND ORGANIZATIONAL GOALS. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 448970 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 2849870 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 2687968 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 2869345 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 45184 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 516219 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 561403 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 20670 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 10386 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 31056 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OnBehalfOfIssuerInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 1704638 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 3769239 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 9456 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 41960 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 51416 |
| IRS990/OtherExpensesGrp/Desc | 0 | REIMBURSABLE FURNITURE |
| IRS990/OtherExpensesGrp/Desc | 1 | REIMBURSABLE CONTRACT E |
| IRS990/OtherExpensesGrp/Desc | 2 | STAFF RECRUITMENT |
| IRS990/OtherExpensesGrp/Desc | 3 | REIMBURSABLE CONSTRUCTI |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 27613 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 265078 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 86764 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 24100 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 265078 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 86764 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 27613 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 24100 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 520000 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 361815 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | OTHER INCOME |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 35225 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 35225 |
| IRS990/OtherRevenueTotalAmt | 0 | 35225 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 57997 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 362638 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 420635 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 11544 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 49212 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 60756 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 23278 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 82964 |
| IRS990/PrincipalOfficerNm | 0 | DAVID FEINBERG |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 611600 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 611600 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 611600 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 3 | 611600 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | LEASE INTEREST INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | SERVICE FEES |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | RENTAL INCOME |
| IRS990/ProgramServiceRevenueGrp/Desc | 3 | REAL ESTATE REIMBURSEM |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 2761262 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 1230495 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 606810 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 3 | 543404 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 2761262 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 1230495 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 606810 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 543404 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 495000 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 3825570 |
| IRS990/PYOtherRevenueAmt | 0 | 25551 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 4680547 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 497677 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 877851 |
| IRS990/PYTotalExpensesAmt | 0 | 4703421 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 5201098 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 181377 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 1 |
| IRS990/RevenueAmt | 0 | 5141971 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 4036774 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 3093065 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/First5Years509Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 495000 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1364999 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 800798 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 2660797 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 244 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 244 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 5141971 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 4680547 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 3757724 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 1136084 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 14716326 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 244 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 244 |
| IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 244 |
| IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt | 0 | 244 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt | 0 | 35225 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 25551 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 7581 |
| IRS990ScheduleA/OtherIncome509Grp/TotalAmt | 0 | 68357 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 17377123 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 5141971 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 5175547 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 5122723 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1936882 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 17377123 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 5177196 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 5201098 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 5130304 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 1937370 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 17445968 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 1417702 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 13200 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 1430902 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 8444 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 4949 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 13393 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 0 | 34469895 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 0 | DIRECT FINANCING LEASES |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 0 | C |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 99000 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 99000 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 819158 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 246902 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 1066060 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 2699545 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 1069694 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | CONSTRUCTION IN PROCESS |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | BOND FINANCING FEES, NET |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 110000 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 251815 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | BONDS PAYABLE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | CAPITAL LEASE LIABILITY |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATED FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS AT JUNE 30, 2016. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 2344304 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 3769239 |
| IRS990ScheduleD/TotalBookValueProgramRltdAmt | 0 | 34469895 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 361815 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd | 0 | A |
| IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd | 1 | B |
| IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd | 0 | 0 |
| IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd | 1 | 0 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd | 0 | A |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd | 1 | B |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd | 0 | 0 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd | 1 | 0 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd | 0 | 0 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd | 1 | 0 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd | 0 | 0 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd | 1 | 0 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd | 0 | 0 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd | 1 | 0 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd | 0 | 0 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd | 1 | 0 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd | 0 | 0 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd | 1 | 0 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd | 0 | 1 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd | 1 | 1 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd | 0 | 0 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd | 1 | 0 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd | 0 | 0 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd | 1 | 0 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt | 0 | 2013-08-28 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt | 1 | 2013-08-28 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN | 0 | 351602316 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN | 1 | 351602316 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd | 0 | A |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd | 1 | B |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum | 0 | 45506DKM6 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum | 1 | 45506DKE4 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd | 0 | 0 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd | 1 | 0 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt | 0 | 16990000 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt | 1 | 20265000 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt | 0 | INDIANA FINANCE AUTHORITY |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt | 1 | INDIANA FINANCE AUTHORITY |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd | 0 | 0 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd | 1 | 0 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd | 0 | 0 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd | 1 | 0 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc | 0 | FINANCING THE CONSTRUCTION OF REAL PROPERTY FOR USE OF PUBLIC CHARTER SCHOOL |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc | 1 | FINANCING THE CONSTRUCTION OF REAL PROPERTY FOR USE OF PUBLIC CHARTER SCHOOL |
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