Civic Intelligence

Drexel Foundation for Educational Excellence Inc.

990 • Fiscal year 2022 • EIN 35-2125768

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 12, 2023

Organization ProfileN/A
3401 W 5th AvenueGary, IN 46404

(410) 598-3087

Siviq Scores

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

Liabilities / Assets

90th percentile

0.87x

Higher debt load relative to assets than 90% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

83rd percentile

1.30x

Higher debt load relative to revenue than 83% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

62nd percentile

13%

Higher net margin than 62% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$146,045

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

65th percentile

6.8%

Faster asset growth than 65% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

72nd percentile

21%

Faster revenue growth than 72% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$18,665,189

Up $1,189,138 (+6.8%) from 2021

Net Assets

Up

$2,441,245

Up $1,594,968 (+188%) from 2021

Liabilities

Down

$16,223,944

Down $405,830 (-2.4%) from 2021

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin62nd percentile

Revenue

Up

$12,462,506

Up $2,135,654 (+21%) from 2021

Expenses

Up

$10,867,538

Up $2,199,763 (+25%) from 2021

Net Income

Down

$1,594,968

Down $64,109 (-3.9%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth65th percentile

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

$30M$20M$10M$0-$10MAssets 2019: $16,504,044Liabilities 2019: $17,677,467Net Assets 2019: -$1,173,4232019Assets 2020: $16,571,509Liabilities 2020: $17,384,309Net Assets 2020: -$812,8002020Assets 2021: $17,476,051Liabilities 2021: $16,629,774Net Assets 2021: $846,2772021Assets 2022: $18,665,189Liabilities 2022: $16,223,944Net Assets 2022: $2,441,2452022Assets 2023: $22,513,458Liabilities 2023: $17,119,879Net Assets 2023: $5,393,5792023Assets 2024: $23,591,654Liabilities 2024: $16,981,610Net Assets 2024: $6,610,0442024

Highlighted filing

2022

Assets$18,665,189
Liabilities$16,223,944
Net Assets$2,441,245
Open 2022 Filing

Operations Trend

Revenue Growth72nd percentile

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2019: $11,352,004Expenses 2019: $11,859,052Net Income 2019: -$507,0482019Revenue 2020: $12,035,060Expenses 2020: $11,674,437Net Income 2020: $360,6232020Revenue 2021: $10,326,852Expenses 2021: $8,667,775Net Income 2021: $1,659,0772021Revenue 2022: $12,462,506Expenses 2022: $10,867,538Net Income 2022: $1,594,9682022Revenue 2023: $15,899,006Expenses 2023: $12,946,672Net Income 2023: $2,952,3342023Revenue 2024: $16,298,057Expenses 2024: $15,081,592Net Income 2024: $1,216,4652024

Highlighted filing

2022

Revenue$12,462,506
Expenses$10,867,538
Net Income$1,594,968
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 12, 2023
Return Version
2021v4.2
Gross Receipts
$12,462,506
Mission and Program Overview

Mission

Charter school for the promotion of academic excellence

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,999,841$11,451,076▼ $548,765
Cash and Non-Interest-Bearing Accounts$3,374,350$5,125,876▲ $1,751,526
Pledges and Grants Receivable$692,247$806,347▲ $114,100
Prepaid Expenses and Deferred Charges$236,082$108,354▼ $127,728
Total Assets$17,476,051$18,665,189▲ $1,189,138
Other Assets Total$1,173,531$1,173,536▲ $5
Liabilities
Tax Exempt Bond Liabilities$15,680,433$15,712,314▲ $31,881
Other Liabilities$621,474--
Accounts Payable and Accrued Expenses$327,867$511,630▲ $183,763
Total Liabilities$16,629,774$16,223,944▼ $405,830
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$846,277$2,441,245▲ $1,594,968
Total Net Assets Fund Balance$846,277$2,441,245▲ $1,594,968
Total Liabilities and Net Assets / Fund Balance$17,476,051$18,665,189▲ $1,189,138

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,025,112--
Other Land Buildings$-11,504,087$11,504,087-
Land$859,886--
Equipment$5,070,165--
Other Assets Org$1,173,536--
Compensation and Service Providers
Top Officer Pay39th percentile

Employees

NameTitleBaseOtherTotal
Marisa SimmonsPrincipal$129,129$16,916$146,045

Board Members and Trustees

NameTitle
Michael SuggsPresident
Tony WalkerVice President
Clifton GoodenMember
Jason BeresMember
Michelle DickersonMember
Eve GomezSecretary
Richard LeverettTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
AKA Comp SolutionsIT Services5875 N Lincoln Ave Ste 132, Chicago, IL 60659$216,335
DDS Security LLCSecurity ServicesPO Box 4179, Gary, IN 46406$155,719
Revenue and Support

Revenue Composition

Contributions and Grants
$12,322,367
Program Service Revenue
$85,116
Investment Income
$444
Other Revenue
$54,579
Change in Net Assets
$1,594,968

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,462,506
Total Revenue per Audited Statements
$12,462,506
Total Revenue per Form 990
$12,462,506
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,189,182
Salaries, Compensation, and Employee Benefits$4,678,356
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$3,670,262$856,208-$4,526,470
Other Expenses$68,755$1,099,376-$1,099,376
Fees for Services Management$666,808$401,441-$1,068,249
Office Expenses$1,044,849--$1,044,849
Interest$919,701--$919,701
Depreciation Depletion$604,094--$604,094
Occupancy$377,264--$377,264
Fees for Services Other$222,357$20,927-$243,284
Insurance-$156,485-$156,485
Current Officers, Directors, Trustees, and Key Employees$142,584$9,302-$151,886
Conferences and Meetings$17,347$35,750-$53,097
Advertising-$8,470-$8,470
Total Functional Expenses$8,085,577$2,781,961$0$10,867,538

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,867,538
Total Expenses per Audited Statements$10,867,538
Total Expenses per Form 990$10,867,538
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

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIndiana Finance Authority2010-06-30$19,355,000-

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$19,355,000$2,362,424$2,648,726$857,349
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“The Form 990 is provided to the Board President for review, approval, and sign-off.”

Governing documents etc available to public Part VI line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Drexel Foundation for Educational Excellence
EIN
35-2125768
Address
3401 W 5TH AVENUE, GARY, IN 46404
Doing Business As
Thea Bowman Leadership Academy

Signing Officer

Name
Eve Gomez
Title
President
Phone
2193310701
Signed
2023-04-12
Discuss with paid preparer
Yes

Organization Details

Formed
2003
Legal Domicile
In
Voting Board Members
7
Independent Board Members
7
Employees
107

Preparer

Firm
CA Whittaker and Associates
Address
201 E 5th AVENUE SUITE A, GARY, IN 46402
Preparer
Curtis a Whittaker CPA
Phone
2198800850
Raw XML AppendixShowing 400 of 431 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0327867
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0511630
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0CHARTER SCHOOL FOR THE PROMOTION OF ACADEMIC EXCELLENCE
IRS990/AdvertisingGrp/ManagementAndGeneralAmt08470
IRS990/AdvertisingGrp/TotalAmt08470
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0THE PHALEN LEADERSHIP ACADEMY
IRS990/BooksInCareOfDetail/PhoneNum04105983087
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02323 ILLINOIS ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0INDIANAPOLIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd046208
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt03374350
IRS990/CashNonInterestBearingGrp/EOYAmt05125876
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt02
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt09302
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0142584
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0151886
IRS990/CompDisqualPersonsGrp/ManagementAndGeneralAmt0856208
IRS990/CompDisqualPersonsGrp/ProgramServicesAmt03670262
IRS990/CompDisqualPersonsGrp/TotalAmt04526470
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt035750
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt017347
IRS990/ConferencesMeetingsGrp/TotalAmt053097
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0216335
IRS990/ContractorCompensationGrp/CompensationAmt1155719
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt05875 N Lincoln Ave Ste 132
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1PO Box 4179
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0Chicago
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1Gary
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1IN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd060659
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd146406
IRS990/ContractorCompensationGrp/ContractorName/PersonNm0AKA Comp Solutions
IRS990/ContractorCompensationGrp/ContractorName/PersonNm1DDS Security LLC
IRS990/ContractorCompensationGrp/ServicesDesc0IT Services
IRS990/ContractorCompensationGrp/ServicesDesc1Security Services
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt012322367
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0444
IRS990/CYOtherExpensesAmt06189182
IRS990/CYOtherRevenueAmt054579
IRS990/CYProgramServiceRevenueAmt085116
IRS990/CYRevenuesLessExpensesAmt01594968
IRS990/CYSalariesCompEmpBnftPaidAmt04678356
IRS990/CYTotalExpensesAmt010867538
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt012462506
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0604094
IRS990/DepreciationDepletionGrp/TotalAmt0604094
IRS990/Desc0PROVIDED INSTRUCTION AND COUNSELING IN ACADEMIC AND PHYSICAL EDUCATION CURRICULUMS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0THEA BOWMAN LEADERSHIP ACADEMY
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0107
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt08085577
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0401441
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt0666808
IRS990/FeesForServicesManagementGrp/TotalAmt01068249
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt020927
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0222357
IRS990/FeesForServicesOtherGrp/TotalAmt0243284
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt016916
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0MARISA SIMMONS
IRS990/Form990PartVIISectionAGrp/PersonNm1JASON BERES
IRS990/Form990PartVIISectionAGrp/PersonNm2MICHELLE DICKERSON
IRS990/Form990PartVIISectionAGrp/PersonNm3CLIFTON GOODEN
IRS990/Form990PartVIISectionAGrp/PersonNm4TONY WALKER
IRS990/Form990PartVIISectionAGrp/PersonNm5MICHAEL SUGGS
IRS990/Form990PartVIISectionAGrp/PersonNm6RICHARD LEVERETT
IRS990/Form990PartVIISectionAGrp/PersonNm7EVE GOMEZ
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0129129
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt1MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt012322367
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt012462506
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0156485
IRS990/InsuranceGrp/TotalAmt0156485
IRS990/InterestGrp/ProgramServicesAmt0919701
IRS990/InterestGrp/TotalAmt0919701
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0444
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0444
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt011504087
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011999841
IRS990/LandBldgEquipBasisNetGrp/EOYAmt011451076
IRS990/LandBldgEquipCostOrOtherBssAmt022955163
IRS990/LegalDomicileStateCd0IN
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0CHARTER SCHOOL FOR THE PROMOTION OF ACADEMIC EXCELLENCE
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0846277
IRS990/NetAssetsOrFundBalancesEOYAmt02441245
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0846277
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02441245
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0377264
IRS990/OccupancyGrp/TotalAmt0377264
IRS990/OfficeExpensesGrp/ProgramServicesAmt01044849
IRS990/OfficeExpensesGrp/TotalAmt01044849
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01173531
IRS990/OtherAssetsTotalGrp/EOYAmt01173536
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OVERSIGHT FEES
IRS990/OtherExpensesGrp/Desc1FOOD SERVICE EXPENSE
IRS990/OtherExpensesGrp/Desc2TRANSPORTATION
IRS990/OtherExpensesGrp/Desc3ACADEMIC AND MANAGEMENT SVCS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0188608
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15394
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21099376
IRS990/OtherExpensesGrp/ProgramServicesAmt0351556
IRS990/OtherExpensesGrp/ProgramServicesAmt168755
IRS990/OtherExpensesGrp/TotalAmt0188608
IRS990/OtherExpensesGrp/TotalAmt1351556
IRS990/OtherExpensesGrp/TotalAmt274149
IRS990/OtherExpensesGrp/TotalAmt31099376
IRS990/OtherLiabilitiesGrp/BOYAmt0621474
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt054579
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt054579
IRS990/OtherRevenueTotalAmt054579
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0692247
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0806347
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0236082
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0108354
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt085116
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt085116
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt010260155
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0793
IRS990/PYOtherExpensesAmt04584703
IRS990/PYOtherRevenueAmt028636
IRS990/PYProgramServiceRevenueAmt037268
IRS990/PYRevenuesLessExpensesAmt01659077
IRS990/PYSalariesCompEmpBnftPaidAmt04083072
IRS990/PYTotalExpensesAmt08667775
IRS990/PYTotalRevenueAmt010326852
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01594968
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt012462506
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt017025112
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt017025112
IRS990ScheduleD/EquipmentGrp/BookValueAmt05070165
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt05070165
IRS990ScheduleD/ExpensesSubtotalAmt010867538
IRS990ScheduleD/LandGrp/BookValueAmt0859886
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0859886
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01173536
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CASH-RESTRICTED FOR DEBT SERVICE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0-11504087
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011504087
IRS990ScheduleD/RevenueSubtotalAmt012462506
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011451076
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01173536
IRS990ScheduleD/TotalExpensesPerForm990Amt010867538
IRS990ScheduleD/TotalRevenuePerForm990Amt012462506
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt012462506
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010867538
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The organization received financial assistance from state and federal grants.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The organization has publicized its racially nondiscriminatory policy through newspaper and broadcast media during the period of solicitation for students and during the registration period.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Governmental Agency Financial Aid (Questions 6a and 6b)
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of nondiscriminatory policy (Question 3)
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02010-06-30
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0363656836
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum0455057WR6
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt019355000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0INDIANA FINANCE AUTHORITY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt016992576
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt01391857
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0857349
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt02362424
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt02648726
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02011
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt019355000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is provided to the Board President for review, approval, and sign-off.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt015680433
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt015712314
IRS990/TaxExemptBondsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt017476051
IRS990/TotalAssetsEOYAmt018665189
IRS990/TotalAssetsGrp/BOYAmt017476051
IRS990/TotalAssetsGrp/EOYAmt018665189
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt012322367
IRS990/TotalEmployeeCnt0107
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02781961
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt08085577
IRS990/TotalFunctionalExpensesGrp/TotalAmt010867538
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016629774
IRS990/TotalLiabilitiesEOYAmt016223944
IRS990/TotalLiabilitiesGrp/BOYAmt016629774
IRS990/TotalLiabilitiesGrp/EOYAmt016223944
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0846277
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02441245
IRS990/TotalOtherCompensationAmt016916
IRS990/TotalProgramServiceExpensesAmt08085577
IRS990/TotalProgramServiceRevenueAmt085116
IRS990/TotalReportableCompFromOrgAmt0129129
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0140139
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt012462506
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt017476051
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt018665189
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,665,189
Liabilities
$16,223,944
Net assets
$2,441,245
Revenue
$12,462,506
Expenses
$10,867,538
Net income
$1,594,968
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$23.6$17.0$6.61$16.3$15.1$1.22
2023Detailed filing. Detailed filing data is available for this year.$22.5$17.1$5.39$15.9$12.9$2.95
2022Detailed filing. Detailed filing data is available for this year.$18.7$16.2$2.44$12.5$10.9$1.59
2021Detailed filing. Detailed filing data is available for this year.$17.5$16.6$0.85$10.3$8.67$1.66
2020Detailed filing. Detailed filing data is available for this year.$16.6$17.4$0.81$12.0$11.7$0.36
2019Detailed filing. Detailed filing data is available for this year.$16.5$17.7$1.17$11.4$11.9$0.51