Charter School Support Services Inc

990 • Fiscal year 2015 • EIN 27-5410664

Jul 01, 2014 to Jun 30, 2015 • Filed on Apr 01, 2016

Organization Profile WWW.CSSSINC.ORG

1661 Worcester Road No 204Framingham, MA 01701

(508) 626-0904

Siviq Scores

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

0.94x

Higher debt load relative to assets than 91% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

7.82x

Higher debt load relative to revenue than 96% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

9.6%

Higher net margin than 65% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

$62,413

Higher top officer pay than 8% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

76%

Faster asset growth than 97% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2013 to 2015

No value available

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

Source year 2015

Balance Sheet

Liabilities / Assets91st percentile

Assets

$43,363,313

Up $29,309,050 (+209%) from 2013

Net Assets

$2,687,968

Up $1,890,258 (+237%) from 2013

Liabilities

$40,675,345

Up $27,418,792 (+207%) from 2013

Revenue And Expenses

Liabilities / Revenue96th percentile Net Margin65th percentile

Revenue

$5,201,098

No earlier filing loaded for comparison.

Expenses

$4,703,421

Up $3,564,005 (+313%) from 2013

Net Income

$497,677

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

Highlighted filing

2015

Assets$43,363,313

Liabilities$40,675,345

Net Assets$2,687,968

Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

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

Highlighted filing

2015

Revenue$5,201,098

Expenses$4,703,421

Net Income$497,677

Open 2015 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2014 to Jun 30, 2015
Signed: Apr 1, 2016
Return Version: 2014v6.0
Gross Receipts: $5,201,098

Mission and Program Overview

Mission

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.

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Investments Program Related	-	$34,451,846	-
Savings and Temporary Cash Investments	$3,089,163	$4,036,774	▲ $947,611
Cash and Non-Interest-Bearing Accounts	$7,339,265	$2,583,587	▼ $4,755,678
Land, Buildings, and Equipment, Net	$31,469,055	$450,756	▼ $31,018,299
Accounts Receivable	$467,564	$112,434	▼ $355,130
Prepaid Expenses and Deferred Charges	$14,631	$23,278	▲ $8,647
Total Assets	$43,597,815	$43,363,313	▼ $234,502
Other Assets Total	$1,218,137	$1,704,638	▲ $486,501
Liabilities
Tax Exempt Bond Liabilities	$37,255,000	$37,255,000	→ $0
Accounts Payable and Accrued Expenses	$4,065,860	$1,451,375	▼ $2,614,485
Unsecured Notes Loans Payable	-	$1,000,000	-
Other Liabilities	$520,000	$520,000	→ $0
Mortgage Notes Payable Secured by Investment Property	-	$448,970	-
Total Liabilities	$41,840,860	$40,675,345	▼ $1,165,515
Net Assets / Fund Balance
Unrestricted Net Assets	$1,756,955	$2,687,968	▲ $931,013
Total Net Assets Fund Balance	$1,756,955	$2,687,968	▲ $931,013
Total Liabilities and Net Assets / Fund Balance	$43,597,815	$43,363,313	▼ $234,502

Asset Categories

Asset	Book Value	Depreciation	Basis
Leasehold Improvements	$440,476	$59,524	$500,000
Equipment	$10,280	$3,113	$13,393
Investment Program Related Org	$34,451,846	-	-

Compensation and Service Providers

Top Officer Pay8th percentile

Employees

Name	Title	Full / Part Time	Base	Total
Michael Ronan	President (resigned Fy16)	FT	$62,413	$62,413
Joel Scharfer	VP of Finance	FT	$61,786	$61,786
Lisa Clay	Director	-	$8,377	$8,377

Board Members and Trustees

Name	Title
Edward Mahaney-walter	Chair
Annie King	Director
Rebecca Maltzman	Secretary
Jeffrey Henry	Treasurer

Revenue and Support

Revenue Composition

Contributions and Grants: $495,000
Program Service Revenue: $4,680,547
Investment Income: $0
Other Revenue: $25,551
All Other Contributions: $495,000
Change in Net Assets: $497,677

Noncash Contribution Practices

Property subject to holding requirements: No
Reviewed unusual noncash gifts: No
Third parties used for noncash contributions: No

Noncash Contributions

Contribution Type	Contribution Count	Reported Amount	Valuation Method
Real Estate Commercial	1	$495,000	Fair Market Value
Total Noncash Contributions	1	$495,000	-

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$3,825,570
Salaries, Compensation, and Employee Benefits	$877,851
Grants and Similar Amounts Paid	$0
Professional Fundraising Fees	$0
Total Fundraising Expense	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
Interest	$2,634,513	-	-	$2,634,513
Other Salaries and Wages	$356,711	$122,232	-	$478,943
Occupancy	$330,555	$18,589	-	$349,144
Current Officers, Directors, Trustees, and Key Employees	$195,008	$74,419	-	$269,427
Depreciation Depletion	$145,320	$1,044	-	$146,364
Fees for Services Other	$84,578	-	-	$84,578
Other Employee Benefits	$49,992	$17,921	-	$67,913
Payroll Taxes	$45,560	$16,008	-	$61,568
Office Expenses	$9,978	$29,489	-	$39,467
Fees for Services Accounting	-	$31,200	-	$31,200
Travel	$444	$23,879	-	$24,323
Other Expenses	$32,262	$20,693	-	$20,693
Fees for Services Legal	-	$12,680	-	$12,680
Advertising	-	$10,625	-	$10,625
Fees for Services Management	$3,500	-	-	$3,500
All Other Expenses	-	$1,825	-	$1,825
Total Functional Expenses	$4,317,307	$386,114	$0	$4,703,421

Fundraising, Events, and Gaming

Fundraising activities: No
Gaming activities: No
Professional fundraiser used: No

Fundraising and Gaming Totals

Line Item	Amount
Professional Fundraising Fees	$0

Political and Lobbying Activity

Political campaign activity: No
Lobbying activity: No
Subject to proxy tax: No

Related Organizations and Partnerships

Disregarded Entities

Entity	Location	Activity	Income	Assets	Controller
Cfm-nw Indiana LLC	East Chicago, IN	Real Estate	$1,677,804	$22,916,131	Charter School Supprt Services Inc
Cfm-indianapolis LLC	Indianapolis, IN	Real Estate	$1,408,884	$18,085,000	Charter School Supprt Services Inc
Csss-connor LLC	North Little Rock, AR	Real Estate	$3,306	$575,603	Charter School Supprt Services Inc
Charter Facilities Ar LLC	Pine Bluff, AR	Real Estate	$203,140	$440,869	Charter School Supprt Services Inc
Csss-elliston LLC	Memphis, TN	Real Estate	$0	$0	Charter School Supprt Services Inc
East Chicago Lighthouse Facility LLC	Framingham, MA	To Hold Activity Related to a Charter School	$0	$0	Charter School Supprt Services Inc

Debt and Bond Financing

Other Reported Liabilities

Liability	Amount
Bonds Payable	$520,000

Bond Issues

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 Proceeds

Bond	Total Proceeds	Spent	Retired	Issuance Costs
B	$20,265,000	-	-	$401,247
A	$16,990,000	-	-	$336,402

Bond Financing Compliance

No rebate due: No
Rebate not yet due: Yes
Form 8038-T filed: No
Gross proceeds invested: No
Gross proceeds invested in GIC: No
Exception to rebate: No
Corrective action procedures: No

Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant: No
Annual disclosure for covered persons: Yes
Audit committee: 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: Yes
Other officer compensation reviewed: Yes
Conflict-of-interest policy: Yes
Audited financial statements prepared: Yes
Key decisions subject to board approval: No
Management duties delegated: No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“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 is conducted at a board of directors meeting prior to filing with the irs.”

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

“The organization requires the board of directors to complete on an annual basis the conflict of interest form. The policy calls for full dsclosure 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.”

Form 990, Part VI, Section B, Line 15

“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.”

Form 990, Part VI, Section C, Line 19

“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 gerenal's website. The organization's by-laws are also available for public inspection on the attorney general's website.”

Form 990 Part VII, Section A

“The officers and directors listed in part vii that recieved compensation from the organization also received compensation from an unrelated organization, as defined by the irs.”

Filing and Contact Details

Filer

Filer Name: Charter School Support Services Inc
EIN: 27-5410664
Phone: 5086260904
Address: 1661 WORCESTER ROAD NO 204, FRAMINGHAM, MA 01701

Signing Officer

Name: David Feinberg
Title: President and CEO
Phone: 5086260904
Signed: 2016-04-01
Discuss with paid preparer: Yes

Organization Details

Principal Officer: David Feinberg
Formed: 2011
Legal Domicile: De
Voting Board Members: 6
Independent Board Members: 4
Employees: 14
Volunteers: 0

Preparer

Firm: Alexander Aronson Finning & Co Pc
Address: 21 EAST MAIN STREET, WESTBORO, MA 01581
Preparer: John Buckley CPA
Phone: 5083669100

Supplemental Narrative

Additional Explanations

Form 990 Part XII Line 2C

“The finance committee assumes responsibility for the oversight of the review and selection of the independent accountant.”

Financial Statement Notes

PART X, LINE 2:

“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, 2015. The organization's information and tax returns are subject to examination by the federal and state jurisdictions and generally remain open for the most recent three years.”

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IRS990/OtherExpensesGrp/TotalAmt	0	356131
IRS990/OtherExpensesGrp/TotalAmt	1	72755
IRS990/OtherExpensesGrp/TotalAmt	2	37772
IRS990/OtherExpensesGrp/TotalAmt	3	20693
IRS990/OtherLiabilitiesGrp/BOYAmt	0	520000
IRS990/OtherLiabilitiesGrp/EOYAmt	0	520000
IRS990/OtherRevenueMiscGrp/BusinessCd	0	900099
IRS990/OtherRevenueMiscGrp/Desc	0	OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt	0	25551
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt	0	25551
IRS990/OtherRevenueTotalAmt	0	25551
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt	0	122232
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt	0	356711
IRS990/OtherSalariesAndWagesGrp/TotalAmt	0	478943
IRS990/PartialLiquidationInd	0	0
IRS990/PayPremiumsPrsnlBnftCntrctInd	0	0
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt	0	16008
IRS990/PayrollTaxesGrp/ProgramServicesAmt	0	45560
IRS990/PayrollTaxesGrp/TotalAmt	0	61568
IRS990/PoliticalCampaignActyInd	0	0
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt	0	14631
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt	0	23278
IRS990/PrincipalOfficerNm	0	DAVID FEINBERG
IRS990/PriorPeriodAdjustmentsAmt	0	433336
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	REAL ESTATE REIMBURSEM
IRS990/ProgramServiceRevenueGrp/Desc	3	RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	0	2732480
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	1	1384916
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	2	356131
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	3	207020
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	0	2732480
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	1	1384916
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	2	356131
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	3	207020
IRS990/ProhibitedTaxShelterTransInd	0	0
IRS990/PYBenefitsPaidToMembersAmt	0	0
IRS990/PYContributionsGrantsAmt	0	1364999
IRS990/PYExcessBenefitTransInd	0	0
IRS990/PYGrantsAndSimilarPaidAmt	0	0
IRS990/PYInvestmentIncomeAmt	0	0
IRS990/PYOtherExpensesAmt	0	3064964
IRS990/PYOtherRevenueAmt	0	7581
IRS990/PYProgramServiceRevenueAmt	0	3757724
IRS990/PYRevenuesLessExpensesAmt	0	1373647
IRS990/PYSalariesCompEmpBnftPaidAmt	0	691693
IRS990/PYTotalExpensesAmt	0	3756657
IRS990/PYTotalProfFndrsngExpnsAmt	0	0
IRS990/PYTotalRevenueAmt	0	5130304
IRS990/QuidProQuoContributionsInd	0	0
IRS990/RcvFndsToPayPrsnlBnftCntrctInd	0	0
IRS990/ReconcilationRevenueExpnssAmt	0	497677
IRS990/RegularMonitoringEnfrcInd	0	1
IRS990/RelatedEntityInd	0	0
IRS990/RelatedOrganizationCtrlEntInd	0	0
IRS990/ReportInvestmentsOtherSecInd	0	0
IRS990/ReportLandBuildingEquipmentInd	0	1
IRS990/ReportOtherAssetsInd	0	0
IRS990/ReportOtherLiabilitiesInd	0	1
IRS990/ReportProgramRelatedInvstInd	0	1
IRS990/RevenueAmt	0	4680547
IRS990/SavingsAndTempCashInvstGrp/BOYAmt	0	3089163
IRS990/SavingsAndTempCashInvstGrp/EOYAmt	0	4036774
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt	0	0
IRS990ScheduleA/First5Years509Ind	0	X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt	0	495000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt	0	1364999
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt	0	800798
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt	0	2660797
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	244
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	244
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt	0	4680547
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt	0	3757724
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt	0	1136084
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	9574355
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt	0	244
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt	0	244
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt	0	244
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt	0	244
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt	0	25551
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt	0	7581
IRS990ScheduleA/OtherIncome509Grp/TotalAmt	0	33132
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportTotal509Amt	0	12235152
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt	0	0
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	0
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	5175547
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	5122723
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	1936882
IRS990ScheduleA/Total509Grp/TotalAmt	0	12235152
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	5201098
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	5130304
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	1937370
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	12268772
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt	0	RESTRICTED
IRS990/ScheduleBRequiredInd	0	1
IRS990ScheduleD/EquipmentGrp/BookValueAmt	0	10280
IRS990ScheduleD/EquipmentGrp/DepreciationAmt	0	3113
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt	0	13393
IRS990ScheduleD/FootnoteTextInd	0	X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt	0	34451846
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc	0	DIRECT FINANCING LEASES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd	0	C
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt	0	440476
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt	0	59524
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt	0	500000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt	0	520000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc	0	BONDS PAYABLE
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, 2015. THE ORGANIZATION'S INFORMATION AND TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS AND GENERALLY REMAIN OPEN FOR THE MOST RECENT THREE YEARS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc	0	PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt	0	450756
IRS990ScheduleD/TotalBookValueProgramRltdAmt	0	34451846
IRS990ScheduleD/TotalLiabilityAmt	0	520000
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
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd	0	0
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd	1	0
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd	0	0
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd	1	0
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd	0	0
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd	1	0
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd	0	A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd	1	B
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd	0	0
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd	1	0
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd	0	0
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd	1	0
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd	0	1
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd	1	1
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/PrivateBusConcerningUBIPct	0	0.00000
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/PrivateBusConcerningUBIPct	1	0.00000
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/PrivateBusUseByOthersPct	0	0.00000
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/PrivateBusUseByOthersPct	1	0.00000
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd	0	0
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd	1	0

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing

Assets: $43,363,313
Liabilities: $40,675,345
Net assets: $2,687,968
Revenue: $5,201,098
Expenses: $4,703,421
Net income: $497,677

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2016Detailed filing. Detailed filing data is available for this year.	$46.6	$43.7	$2.87	$5.18	$5.00	$0.18
2015Detailed filing. Detailed filing data is available for this year.	$43.4	$40.7	$2.69	$5.20	$4.70	$0.50
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.	$14.1	$13.3	$0.80		$1.14