Civic Intelligence

Options Charter School-Carmel Inc.

990 • Fiscal year 2020 • EIN 35-2157301

Jul 01, 2019 to Jun 30, 2020 • Filed on Mar 26, 2021

Organization ProfileWWW.OPTIONSINED.ORG
18077 River Road Ste 106Noblesville, IN 46062

(317) 815-2098

Siviq Scores

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

Liabilities / Assets

95th percentile

1.23x

Higher debt load relative to assets than 95% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

74th percentile

0.41x

Higher debt load relative to revenue than 74% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

8th percentile

-47%

Higher net margin than 8% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

1st percentile

-54%

Faster asset growth than 1% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

77th percentile

23%

Faster revenue growth than 77% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$750,928

Down $895,452 (-54%) from 2019

Net Assets

Down

-$175,733

Down $1,070,782 (-120%) from 2019

Liabilities

Up

$926,661

Up $175,330 (+23%) from 2019

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin8th percentile

Revenue

Up

$2,279,248

Up $424,490 (+23%) from 2019

Expenses

Up

$3,346,187

Up $1,569,721 (+88%) from 2019

Net Income

Down

-$1,066,939

Down $1,145,231 (-1463%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$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

2020

Assets$750,928
Liabilities$926,661
Net Assets-$175,733
Open 2020 Filing

Operations Trend

Revenue Growth77th percentile

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$2,279,248
Expenses$3,346,187
Net Income-$1,066,939
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Mar 26, 2021
Return Version
2019v5.0
Gross Receipts
$2,279,248
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$883,297$526,996▼ $356,301
Land, Buildings, and Equipment, Net$200,583$187,264▼ $13,319
Other Notes and Loans Receivable, Net$562,500$36,668▼ $525,832
Total Assets$1,646,380$750,928▼ $895,452
Liabilities
Mortgage Notes Payable Secured by Investment Property$751,331$926,661▲ $175,330
Total Liabilities$751,331$926,661▲ $175,330
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$895,049$-175,733▼ $1,070,782
Total Net Assets Fund Balance$895,049$-175,733▼ $1,070,782
Total Liabilities and Net Assets / Fund Balance$1,646,380$750,928▼ $895,452

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$21,236$354,999$376,235
Leasehold Improvements$129,588$106,591$236,179
Other Land Buildings$36,440$160,235$196,675
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Matt AbbottChairman
John KerrVice Chair
Bob BarkerMember
Hannah HeuserMember
Stacy SegalMember
Valerie LoveMember
Will MattinglyMember
Thomas Lyons IiiSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$2,271,519
Program Service Revenue
$0
Investment Income
$7,729
Other Revenue
$0
All Other Contributions
$133,927
Change in Net Assets
$-1,066,939
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,751,047
Salaries, Compensation, and Employee Benefits$1,595,140
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$950,731$231,917-$1,182,648
Other Employee Benefits$319,846$92,646-$412,492
Occupancy$236,952$29,256-$266,208
Fees for Services Other$56,335$30,267-$86,602
Information Technology$46,172--$46,172
Office Expenses$33,067$8,981-$42,048
Depreciation Depletion$21,391$3,470-$24,861
Insurance-$24,297-$24,297
Travel$11,797$5,808-$17,605
Interest-$7,250-$7,250
Other Expenses$3,658$1,444-$3,658
Total Functional Expenses$2,869,253$476,934$0$3,346,187
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 president 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 Charter School - Carmel
EIN
35-2157301
Phone
3178152098
Address
18077 RIVER ROAD STE 106, NOBLESVILLE, IN 46062

Signing Officer

Name
Jake Brandau
Title
CFO
Phone
3177738659
Signed
2021-03-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jake Brandau
Legal Domicile
In
Voting Board Members
8
Independent Board Members
8
Employees
86

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

“Support operations of the school”

Form 990, Part XI, Line 9

“Book / tax depreciation difference -3,843”

Raw XML Appendix391 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
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IRS990/Form990PartVIISectionAGrp/TitleTxt1MEMBER
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IRS990/IRPDocumentCnt09
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0RECEIVES STATE FUNDING THROUGH TAX DOLLARS. ALSO RECEIVES STATE AND FEDERAL GRANTS.
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IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SUPPORT OPERATIONS OF THE SCHOOL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT 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 -3,843
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0204996719
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt018077 RIVER ROAD STE 106
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NOBLESVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd046062
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0true
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0532160
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt112529
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH RECEIVED. LOAN P&I.
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1CASH RECEIVED. TEMP LOAN.
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0OPTIONS CHARTER SCHOOL NOBLESVILLE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1OPTIONS CHARTER SCHOOL NOBLESVILLE
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IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1S
IRS990ScheduleR/TransferFromOtherOrgInd0true
IRS990ScheduleR/TransferToOtherOrgInd0true
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01646380
IRS990/TotalAssetsEOYAmt0750928
IRS990/TotalAssetsGrp/BOYAmt01646380
IRS990/TotalAssetsGrp/EOYAmt0750928
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02271519
IRS990/TotalEmployeeCnt086
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0476934
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02869253
IRS990/TotalFunctionalExpensesGrp/TotalAmt03346187
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0751331
IRS990/TotalLiabilitiesEOYAmt0926661
IRS990/TotalLiabilitiesGrp/BOYAmt0751331
IRS990/TotalLiabilitiesGrp/EOYAmt0926661
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0895049
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-175733
IRS990/TotalOtherProgSrvcExpenseAmt021391
IRS990/TotalProgramServiceExpensesAmt02869253
IRS990/TotalRevenueGrp/ExclusionAmt07729
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02279248
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01646380
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0750928
IRS990/TravelGrp/ManagementAndGeneralAmt05808
IRS990/TravelGrp/ProgramServicesAmt011797
IRS990/TravelGrp/TotalAmt017605
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.OPTIONSINED.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAKE BRANDAU
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum03177738659
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OPTIONS CHARTER SCHOOL - CARMEL
ReturnHeader/Filer/BusinessNameControlTxt0OPTI
ReturnHeader/Filer/EIN0352157301
ReturnHeader/Filer/PhoneNum03178152098
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/PreparationDt02021-03-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL MARSH
ReturnHeader/ReturnTs02021-03-26T09:30:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$750,928
Liabilities
$926,661
Net assets
-$175,733
Revenue
$2,279,248
Expenses
$3,346,187
Net income
-$1,066,939
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
2020Detailed filing. Detailed filing data is available for this year.$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