Civic Intelligence

Options Charter School - Carmel

EIN 35-2157301 • 501(c)3 • Noblesville, IN

Profile

Charter school in the carmel-clay school district of hamilton county indiana.

18077 River Road Ste 106Noblesville, IN 46062

www.optionsined.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

65th percentile

0.33x

Higher debt load relative to assets than 65% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

18th percentile

0.04x

Higher debt load relative to revenue than 18% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

56th percentile

7.1%

Higher net margin than 56% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

53rd percentile

$195,399

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

96th percentile

88%

Faster asset growth than 96% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

76th percentile

27%

Faster revenue growth than 76% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets65th percentile

Assets

Down

$583,719

Down $167,209 (-22%) from 2020

Liabilities

Up

$1,016,102

Up $89,441 (+9.7%) from 2020

Net Assets

Down

-$432,383

Down $256,650 (-146%) from 2020

Operations
Liabilities / Revenue18th percentileNet Margin56th percentile

Revenue

Up

$8,620,480

Up $6,341,232 (+278%) from 2020

Expenses

Up

$8,738,408

Up $5,392,221 (+161%) from 2020

Net Income

Up

-$117,928

Up $949,011 (+89%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth96th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.0M$0-$1.0MAssets 2015: $390,073Liabilities 2015: $16,904Net Assets 2015: $373,1692015Assets 2016: $1,629,856Liabilities 2016: $1,016,904Net Assets 2016: $612,9522016Assets 2017: $1,730,710Liabilities 2017: $966,904Net Assets 2017: $763,8062017Assets 2018: $1,666,076Liabilities 2018: $866,904Net Assets 2018: $799,1722018Assets 2019: $1,646,380Liabilities 2019: $751,331Net Assets 2019: $895,0492019Assets 2020: $750,928Liabilities 2020: $926,661Net Assets 2020: -$175,7332020Assets 2022: $583,719Liabilities 2022: $1,016,102Net Assets 2022: -$432,3832022

Highlighted filing

2022

Assets$583,719
Liabilities$1,016,102
Net Assets-$432,383
Open 2022 Filing

Operations Trend

Revenue Growth76th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2015: $1,515,510Expenses 2015: $1,246,237Net Income 2015: $269,2732015Revenue 2016: $1,622,894Expenses 2016: $1,418,671Net Income 2016: $204,2232016Revenue 2017: $1,628,240Expenses 2017: $1,508,914Net Income 2017: $119,3262017Revenue 2018: $1,563,357Expenses 2018: $1,523,164Net Income 2018: $40,1932018Revenue 2019: $1,854,758Expenses 2019: $1,776,466Net Income 2019: $78,2922019Revenue 2020: $2,279,248Expenses 2020: $3,346,187Net Income 2020: -$1,066,9392020Revenue 2022: $8,620,480Expenses 2022: $8,738,408Net Income 2022: -$117,9282022

Highlighted filing

2022

Revenue$8,620,480
Expenses$8,738,408
Net Income-$117,928
Open 2022 Filing

Filings

Most recent year

2022 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$583,719
Liabilities
$1,016,102
Net assets
-$432,383
Revenue
$8,620,480
Expenses
$8,738,408
Net income
-$117,928
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$1.02$0.43$8.62$8.74$0.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.75$0.93$0.18$2.28$3.35$1.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.65$0.75$0.90$1.85$1.78$0.08
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.67$0.87$0.80$1.56$1.52$0.04
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.73$0.97$0.76$1.63$1.51$0.12
2016Detailed filing. Detailed filing data is available for this year.$1.63$1.02$0.61$1.62$1.42$0.20
2015Detailed filing. Detailed filing data is available for this year.$0.39$0.02$0.37$1.52$1.25$0.27
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.0
Gross Receipts
$8,620,480
Mission and Program Overview

Mission

Charter school in the carmel-clay school district of hamilton county indiana.

Charter school in hamilton county indiana.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$786,709$434,451▼ $352,258
Land, Buildings, and Equipment, Net$112,529$149,268▲ $36,739
Total Assets$899,238$583,719▼ $315,519
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,241,902$1,016,102▼ $225,800
Total Liabilities$1,241,902$1,016,102▼ $225,800
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-342,664$-432,383▼ $89,719
Total Net Assets Fund Balance$-342,664$-432,383▼ $89,719
Total Liabilities and Net Assets / Fund Balance$899,238$583,719▼ $315,519

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$59,246$149,733$208,979
Equipment$59,685$109,846$169,531
Leasehold Improvements$30,337$6,933$37,270
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
Matt AbbottBoard Chair
John KerrVice Chair
Jack ColwellController
Bob BarkerMember
Hannah HeuserMember
Patricia NguyenMember
Stacy SegalMember
Travis CarmeanMember
Thomas Lyons IiiSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$8,620,480
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$400,279
Change in Net Assets
$-117,928
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,470,438
Other Expenses$2,267,970
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,736,528$992,057-$4,728,585
Other Employee Benefits$1,379,896$361,957-$1,741,853
Occupancy$758,070$120,648-$878,718
Fees for Services Other$337,751$181,307-$519,058
Information Technology$236,969$16,230-$253,199
Office Expenses$130,282$29,691-$159,973
Insurance-$70,471-$70,471
Depreciation Depletion$66,703$190-$66,893
Travel$34,745$9,432-$44,177
Other Expenses$36,742$21,171-$36,742
Interest-$11,855-$11,855
Total Functional Expenses$6,767,725$1,970,683$0$8,738,408
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The cfo of the organization reviews the form 990 with the organization's cpa.”

Form 990, Page 6, Part VI, Line 12C

“Members review the policy and conflicts annually and sign a form stating possible conflicts.”

Form 990, Page 6, Part VI, Line 19

“Documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Options Schools
EIN
35-2157301
Phone
3177738659
Address
18077 RIVER ROAD STE 106, NOBLESVILLE, IN 46062

Signing Officer

Name
Jack Colwell
Title
Controller
Phone
3177738659
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jack Colwell
Legal Domicile
In
Voting Board Members
8
Independent Board Members
8
Employees
126

Preparer

Firm
Charles Madden Pc
Address
850 FORT WAYNE AVE, INDIANAPOLIS, IN 46204
Preparer
Daniel Marsh
Phone
3172660480
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Charter school in hamilton county indiana.”

Form 990, Part XI, Line 9

“Book / tax depreciation difference 28,209 ppp loan forgiveness 0 land and building donation, net 0 total 28,209”

Form 990, Page 12, Part XII, Line 2C

“Audit was issued on a consolidated basis along with the school's foundation.”

Raw XML Appendix393 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3CONTROLLER
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0RECEIVES STATE FUNDING THROUGH TAX DOLLARS. ALSO RECEIVES STATE AND FEDERAL GRANTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHARTER SCHOOL IN HAMILTON COUNTY INDIANA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CFO OF THE ORGANIZATION REVIEWS THE FORM 990 WITH THE ORGANIZATION'S CPA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS REVIEW THE POLICY AND CONFLICTS ANNUALLY AND SIGN A FORM STATING POSSIBLE CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOOK / TAX DEPRECIATION DIFFERENCE 28,209 PPP LOAN FORGIVENESS 0 LAND AND BUILDING DONATION, NET 0 TOTAL 28,209
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AUDIT WAS ISSUED ON A CONSOLIDATED BASIS ALONG WITH THE SCHOOL'S FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 12, PART XII, LINE 2C
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0OPTIONS IN EDUCATION FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0204996719
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt018077 RIVER ROAD STE 106
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NOBLESVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd046062
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0true
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0110186
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1397776
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0OPTIONS IN EDUCATION FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1OPTIONS IN EDUCATION FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1K
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0899238
IRS990/TotalAssetsEOYAmt0583719
IRS990/TotalAssetsGrp/BOYAmt0899238
IRS990/TotalAssetsGrp/EOYAmt0583719
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt08620480
IRS990/TotalEmployeeCnt0126
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01970683
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06767725
IRS990/TotalFunctionalExpensesGrp/TotalAmt08738408
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01241902
IRS990/TotalLiabilitiesEOYAmt01016102
IRS990/TotalLiabilitiesGrp/BOYAmt01241902
IRS990/TotalLiabilitiesGrp/EOYAmt01016102
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-342664
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-432383
IRS990/TotalOtherProgSrvcExpenseAmt0196985
IRS990/TotalProgramServiceExpensesAmt06767725
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08620480
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0899238
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0583719
IRS990/TravelGrp/ManagementAndGeneralAmt09432
IRS990/TravelGrp/ProgramServicesAmt034745
IRS990/TravelGrp/TotalAmt044177
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.OPTIONSINED.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JACK COLWELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CONTROLLER
ReturnHeader/BusinessOfficerGrp/PhoneNum03177738659
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OPTIONS SCHOOLS
ReturnHeader/Filer/BusinessNameControlTxt0OPTI
ReturnHeader/Filer/EIN0352157301
ReturnHeader/Filer/PhoneNum03177738659
ReturnHeader/Filer/USAddress/AddressLine1Txt018077 RIVER ROAD STE 106
ReturnHeader/Filer/USAddress/CityNm0NOBLESVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046062
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200503296
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHARLES MADDEN PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0850 FORT WAYNE AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046204
ReturnHeader/PreparerPersonGrp/PhoneNum03172660480
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL MARSH
ReturnHeader/ReturnTs02023-05-15T13:11:12-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JACK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0COLWELL
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

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