Civic Intelligence

Central Indiana School Employees'

EIN 35-6515214 • 501(c)9 • Carmel, IN

Profile

Provide medical, dental, life and long-term disability benefits to approximately 1,782 school employees.

11711 N Meridian St 100Carmel, IN 46032

n/A

Siviq Scores

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

Liabilities / Assets

84th percentile

0.33x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

74th percentile

0.15x

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

501(c)9 • $25M-$50M nonprofits • Source year 2024

Net Margin

64th percentile

12%

Higher net margin than 64% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

99th percentile

75%

Faster asset growth than 99% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Revenue Growth

64th percentile

11%

Faster revenue growth than 64% of similar nonprofits.

501(c)9 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Assets

Up

$17,251,619

Up $4,663,961 (+37%) from 2023

Liabilities

Up

$5,752,117

Up $202,503 (+3.6%) from 2023

Net Assets

Up

$11,499,502

Up $4,461,458 (+63%) from 2023

Revenue

Up

$37,324,595

Up $3,955,533 (+12%) from 2023

Expenses

Up

$32,840,917

Up $2,866,294 (+9.6%) from 2023

Net Income

Up

$4,483,678

Up $1,089,239 (+32%) from 2023

Trend Graphs

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2015: $7,918,794Liabilities 2015: $1,907,904Net Assets 2015: $6,010,8902015Assets 2016: $7,535,636Liabilities 2016: $1,712,459Net Assets 2016: $5,823,1772016Assets 2017: $7,971,796Liabilities 2017: $1,760,149Net Assets 2017: $6,211,6472017Assets 2021: $10,226,654Liabilities 2021: $1,681,118Net Assets 2021: $8,545,5362021Assets 2022: $5,642,186Liabilities 2022: $2,658,284Net Assets 2022: $2,983,9022022Assets 2023: $12,587,658Liabilities 2023: $5,549,614Net Assets 2023: $7,038,0442023Assets 2024: $17,251,619Liabilities 2024: $5,752,117Net Assets 2024: $11,499,5022024

Highlighted filing

2024

Assets$17,251,619
Liabilities$5,752,117
Net Assets$11,499,502

Operations Trend

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

$40M$30M$20M$10M$0-$10MRevenue 2015: $20,659,309Expenses 2015: $20,547,936Net Income 2015: $111,3732015Revenue 2016: $22,495,129Expenses 2016: $22,694,946Net Income 2016: -$199,8172016Revenue 2017: $23,407,910Expenses 2017: $22,954,622Net Income 2017: $453,2882017Revenue 2021: $26,224,808Expenses 2021: $25,178,999Net Income 2021: $1,045,8092021Revenue 2022: $30,089,785Expenses 2022: $31,974,113Net Income 2022: -$1,884,3282022Revenue 2023: $33,369,062Expenses 2023: $29,974,623Net Income 2023: $3,394,4392023Revenue 2024: $37,324,595Expenses 2024: $32,840,917Net Income 2024: $4,483,6782024

Highlighted filing

2024

Revenue$37,324,595
Expenses$32,840,917
Net Income$4,483,678

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 10, 2025
Return Version
2024v5.1
Gross Receipts
$37,324,595
Mission and Program Overview

Mission

Provide medical, life and long term disability benefits to approximently 1400 school employees.

Provide medical, dental, life and long-term disability benefits to approximately 1,832 school employees.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$7,038,044$11,499,502▲ $4,461,458
Cash and Non-Interest-Bearing Accounts$6,230,166$10,651,177▲ $4,421,011
Savings and Temporary Cash Investments$3,807,218$3,994,697▲ $187,479
Accounts Receivable$1,093,505$1,427,770▲ $334,265
Investments in Publicly Traded Securities$1,414,246$1,158,799▼ $255,447
Prepaid Expenses and Deferred Charges$42,523$19,176▼ $23,347
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$12,587,658$17,251,619▲ $4,663,961
Liabilities
Other Liabilities$2,878,899$3,301,524▲ $422,625
Deferred Revenue$2,444,623$2,144,950▼ $299,673
Accounts Payable and Accrued Expenses$226,092$305,643▲ $79,551
Total Liabilities$5,549,614$5,752,117▲ $202,503
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,038,044$11,499,502▲ $4,461,458
Total Liabilities and Net Assets / Fund Balance$12,587,658$17,251,619▲ $4,663,961
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jacob AllenPresident
Michelle BabcockVice President
Chris LuxTrustee
Erin CatlinTrustee
Jennifer LaughlinTrustee
John NewboldTrustee
Sandy HensleyTrustee
Scott BowlingTrustee
Tim BlocherTrustee
Tracey ShaferTrustee
Jodi GordonSecretary
Stacey SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$36,355,669
Investment Income
$596,666
Other Revenue
$372,260
Change in Net Assets
$4,483,678

Audited Revenue Reconciliation

Revenue per Audited Statements
$37,324,596
Revenue Not Reported on Financial Statements
$-1
Revenue Not Reported on Form 990
$-22,222
Other Revenue Adjustments
$-1
Total Revenue per Audited Statements
$37,302,374
Total Revenue per Form 990
$37,324,595
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,701,160
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$25,139,757
Fees for Services Management---$1,497,012
Fees for Services Accounting---$68,295
Fees for Services Legal---$58,060
Fees for Services Other---$45,850
Office Expenses---$37,847
Fees for Service Investment Mgmnt Fees---$12,926
Other Expenses---$10,200
All Other Expenses---$844
Total Functional Expenses$0$0$0$32,840,917

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$32,840,917
Expenses per Audited Statements$32,840,916
Total Expenses per Audited Statements$32,840,916
Expenses Not Reported on Financial Statements$1
Other Expense Adjustments$1
Expenses Not Reported on Form 990$0
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ibnr Reserve$2,251,248
Claims Payable$1,050,276
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 is first reviewed by management, the cfo, and the legal counsel. Then form 990 is distributed to the full board for review prior to filing the return.

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

The trust requires board members to disclose interests that could give rise to conflicts and the trusts attorney reviews such disclosures, if applicable.

Form 990, Part VI, Section C, Line 19

The trust makes its governing documents, conflicts of interest policy and financial statements available upon request. In addition, the trust provides its members a summary of plan description and summary of annual results.

Filing and Contact Details

Filer

Filer Name
CENTRAL INDIANA SCHOOL EMPLOYEES'
EIN
35-6515214
Phone
3173401713
Address
11711 N MERIDIAN ST 100, CARMEL, IN 46032

Signing Officer

Name
Jake Allen
Title
President
Phone
3173401713
Signed
2025-06-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jake Allen
Formed
1990
Legal Domicile
In
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
12

Preparer

Firm
Brady Ware & Schoenfeld Inc
Address
2206 CHESTER BLVD, RICHMOND, IN 47374
Preparer
Tracy a Haines CPA
Phone
7659660531
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

ROUNDING 2.

FORM 990, PART XII, LINE 2C:

There has been no change in the process for the audit committee.

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

ROUNDING -1.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

ROUNDING 1.

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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt011499502
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03807218
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03994697
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01
IRS990ScheduleD/ExpensesSubtotalAmt032840916
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-22222
IRS990ScheduleD/OtherExpensesNotIncludedAmt01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02251248
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11050276
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0IBNR RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CLAIMS PAYABLE
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-1
IRS990ScheduleD/RevenueNotReportedAmt0-22222
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-1
IRS990ScheduleD/RevenueSubtotalAmt037324596
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ROUNDING -1.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ROUNDING 1.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt032840917
IRS990ScheduleD/TotalLiabilityAmt03301524
IRS990ScheduleD/TotalRevenuePerForm990Amt037324595
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt037302374
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt032840916
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS FIRST REVIEWED BY MANAGEMENT, THE CFO, AND THE LEGAL COUNSEL. THEN FORM 990 IS DISTRIBUTED TO THE FULL BOARD FOR REVIEW PRIOR TO FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TRUST REQUIRES BOARD MEMBERS TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS AND THE TRUSTS ATTORNEY REVIEWS SUCH DISCLOSURES, IF APPLICABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TRUST MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. IN ADDITION, THE TRUST PROVIDES ITS MEMBERS A SUMMARY OF PLAN DESCRIPTION AND SUMMARY OF ANNUAL RESULTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ROUNDING 2.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE HAS BEEN NO CHANGE IN THE PROCESS FOR THE AUDIT COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BLUE RIVER CAREER CENTER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1BROWNSBURG COMMUNITY SCHOOL CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2DANVILLE COMMUNITY SCHOOL CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3INDIANA ASSOCIATION OF SCHOOL BUSINESS OFFICIALS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4MOORESVILLE CONSOLIDATED SCHOOL CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5PLAINFIELD COMMUNITY SCHOOL CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt6SHELBYVILLE CENTRAL SCHOOLS
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt012587658
IRS990/TotalAssetsEOYAmt017251619
IRS990/TotalAssetsGrp/BOYAmt012587658
IRS990/TotalAssetsGrp/EOYAmt017251619
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt032840917
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05549614
IRS990/TotalLiabilitiesEOYAmt05752117
IRS990/TotalLiabilitiesGrp/BOYAmt05549614
IRS990/TotalLiabilitiesGrp/EOYAmt05752117
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07038044
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011499502
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt032840917
IRS990/TotalProgramServiceRevenueAmt036355669
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0596666
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt036727929
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt037324595
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012587658
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt017251619
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt011711 N MERIDIAN ST STE 100
IRS990/USAddress/CityNm0CARMEL
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046032
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JAKE ALLEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03173401713
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CENTRAL INDIANA SCHOOL EMPLOYEES'
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INSURANCE TRUST
ReturnHeader/Filer/BusinessNameControlTxt0CENT
ReturnHeader/Filer/EIN0356515214
ReturnHeader/Filer/PhoneNum03173401713
ReturnHeader/Filer/USAddress/AddressLine1Txt011711 N MERIDIAN ST 100
ReturnHeader/Filer/USAddress/CityNm0CARMEL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046032
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351476702
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRADY WARE & SCHOENFELD INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02206 CHESTER BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RICHMOND

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