Civic Intelligence

Phalen Leadership Academy - Indiana

EIN 36-4729586 • 501(c)3 • Quincy, MA

Profile

To ensure each scholar enrolled meets high academic and social standards, and thrives as leaders at home, in their communities, and in the world. The ultimate goal is that each scholar master key academic skills and demonstrate strong character, as exhibited by: honesty, service to others, a superior work ethic, and a strong vision for and belief in their futures.

1001 Marina Drive 410Quincy, MA 02171

www.phalenacademies.org

Siviq Scores

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

Liabilities / Assets

78th percentile

0.59x

Higher debt load relative to assets than 78% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.43x

Higher debt load relative to revenue than 62% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

49th percentile

3.8%

Higher net margin than 49% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

30th percentile

$190,147

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

72nd percentile

12%

Faster asset growth than 72% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

30th percentile

-0.5%

Faster revenue growth than 30% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$33,462,693

Up $3,628,335 (+12%) from 2023

Liabilities

Up

$19,908,628

Up $1,854,890 (+10%) from 2023

Net Assets

Up

$13,554,065

Up $1,773,445 (+15%) from 2023

Operations
Liabilities / Revenue62nd percentileNet Margin49th percentile

Revenue

Down

$46,116,736

Down $254,311 (-0.5%) from 2023

Expenses

Down

$44,343,291

Down $2,739,054 (-5.8%) from 2023

Net Income

Up

$1,773,445

Up $2,484,743 (+349%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth72nd percentile

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

$40M$30M$20M$10M$0Assets 2015: $1,949,097Liabilities 2015: $161,561Net Assets 2015: $1,787,5362015Assets 2016: $9,741,929Liabilities 2016: $6,479,367Net Assets 2016: $3,262,5622016Assets 2017: $11,084,056Liabilities 2017: $6,413,190Net Assets 2017: $4,670,8662017Assets 2018: $10,378,880Liabilities 2018: $6,211,829Net Assets 2018: $4,167,0512018Assets 2019: $12,354,812Liabilities 2019: $5,870,704Net Assets 2019: $6,484,1082019Assets 2020: $16,093,427Liabilities 2020: $9,442,477Net Assets 2020: $6,650,9502020Assets 2021: $19,837,313Liabilities 2021: $10,703,678Net Assets 2021: $9,133,6352021Assets 2022: $22,278,820Liabilities 2022: $10,201,622Net Assets 2022: $12,077,1982022Assets 2023: $29,834,358Liabilities 2023: $18,053,738Net Assets 2023: $11,780,6202023Assets 2024: $33,462,693Liabilities 2024: $19,908,628Net Assets 2024: $13,554,0652024

Highlighted filing

2024

Assets$33,462,693
Liabilities$19,908,628
Net Assets$13,554,065
Open 2024 Filing

Operations Trend

Revenue Growth30th percentile

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

$60M$40M$20M$0-$20MRevenue 2015: $4,406,934Expenses 2015: $3,676,950Net Income 2015: $729,9842015Revenue 2016: $8,061,146Expenses 2016: $6,586,120Net Income 2016: $1,475,0262016Revenue 2017: $11,825,013Expenses 2017: $10,416,709Net Income 2017: $1,408,3042017Revenue 2018: $14,086,529Expenses 2018: $14,590,344Net Income 2018: -$503,8152018Revenue 2019: $17,900,812Expenses 2019: $15,583,755Net Income 2019: $2,317,0572019Revenue 2020: $20,539,624Expenses 2020: $20,372,782Net Income 2020: $166,8422020Revenue 2021: $31,079,119Expenses 2021: $28,596,434Net Income 2021: $2,482,6852021Revenue 2022: $39,570,152Expenses 2022: $36,626,589Net Income 2022: $2,943,5632022Revenue 2023: $46,371,047Expenses 2023: $47,082,345Net Income 2023: -$711,2982023Revenue 2024: $46,116,736Expenses 2024: $44,343,291Net Income 2024: $1,773,4452024

Highlighted filing

2024

Revenue$46,116,736
Expenses$44,343,291
Net Income$1,773,445
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$33,462,693
Liabilities
$19,908,628
Net assets
$13,554,065
Revenue
$46,116,736
Expenses
$44,343,291
Net income
$1,773,445
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$33.5$19.9$13.6$46.1$44.3$1.77
2023Detailed filing. Detailed filing data is available for this year.$29.8$18.1$11.8$46.4$47.1$0.71
2022Detailed filing. Detailed filing data is available for this year.$22.3$10.2$12.1$39.6$36.6$2.94
2021Detailed filing. Detailed filing data is available for this year.$19.8$10.7$9.13$31.1$28.6$2.48
2020Detailed filing. Detailed filing data is available for this year.$16.1$9.44$6.65$20.5$20.4$0.17
2019Detailed filing. Detailed filing data is available for this year.$12.4$5.87$6.48$17.9$15.6$2.32
2018Detailed filing. Detailed filing data is available for this year.$10.4$6.21$4.17$14.1$14.6$0.50
2017Detailed filing. Detailed filing data is available for this year.$11.1$6.41$4.67$11.8$10.4$1.41
2016Detailed filing. Detailed filing data is available for this year.$9.74$6.48$3.26$8.06$6.59$1.48
2015Detailed filing. Detailed filing data is available for this year.$1.95$0.16$1.79$4.41$3.68$0.73
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 5, 2025
Return Version
2023v6.0
Gross Receipts
$46,116,736
Mission and Program Overview

Mission

To ensure each scholar enrolled meets high academic and social standards, and thrives as leaders at home, in their communities, and in the world. The ultimate goal is that each scholar master key academic skills and demonstrate strong character, as exhibited by: honesty, service to others, a superior work ethic, and a strong vision for and belief in their futures.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$10,762,647--
Land, Buildings, and Equipment, Net$9,772,335$9,621,661▼ $150,674
Savings and Temporary Cash Investments$1,308,309$2,819,251▲ $1,510,942
Pledges and Grants Receivable$5,674,290$2,662,181▼ $3,012,109
Total Assets$29,834,358$33,462,693▲ $3,628,335
Other Assets Total$2,316,777$18,359,600▲ $16,042,823
Liabilities
Other Liabilities$7,302,282$9,691,937▲ $2,389,655
Mortgage Notes Payable Secured by Investment Property$6,051,495$5,661,443▼ $390,052
Accounts Payable and Accrued Expenses$4,699,961$4,555,248▼ $144,713
Total Liabilities$18,053,738$19,908,628▲ $1,854,890
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,303,070$12,851,035▲ $1,547,965
Net Assets With Donor Restrictions$477,550$703,030▲ $225,480
Total Net Assets Fund Balance$11,780,620$13,554,065▲ $1,773,445
Total Liabilities and Net Assets / Fund Balance$29,834,358$33,462,693▲ $3,628,335

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,778,973$2,285,569$7,064,542
Leasehold Improvements$4,367,116$62,590$4,429,706
Equipment$136,142$1,521,716$1,657,858
Other Land Buildings$39,430$930,811$970,241
Land$300,000-$300,000
Other Assets Org$16,225,399--
Compensation and Service Providers
Top Officer Pay30th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nicole FamaRegional DirectorFT$165,741$24,406$190,147
Lawrence CourtneyElementary EdFT$125,494$45,256$170,750
Tora TownsendPrincipalFT$130,759$18,212$148,971
Matthew RimerPrincipalFT$121,376$26,095$147,471
Troy LaneAssistant PrincipalFT$116,432$16,042$132,474
Tonja EvansTeacherFT$111,710$10,554$122,264

Board Members and Trustees

NameTitle
Dr Fernando ReimersDirector
Kristopher KingeryDirector
Marlin JacksonDirector
Earl Martin PhalenDirector/CEO
Jim PhalenDirector/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
G&m LLCJanitorial Services2806 WELCOME WAY, Greenwood, IN 46143$495,470
Gps LLCSpecial Needs Support For StudentsPO BOX 5935 DRAWER 2177, Troy, MI 48007$366,155
Progressive Therapy ServiceSpecial Needs Support For Students7403 HAZELWOOD AVE, Indianapolis, IN 46260$262,172
Douglas Realty Group Noblesville LLCRealty Occupancy ServicesPO BOX 6147, Fishers, IN 46038$148,500
Revenue and Support

Revenue Composition

Contributions and Grants
$27,051,424
Program Service Revenue
$3,881,457
Investment Income
$774
Other Revenue
$15,183,081
All Other Contributions
$11,041,952
Change in Net Assets
$1,773,445

Audited Revenue Reconciliation

Revenue per Audited Statements
$46,116,736
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$5,977,745
Total Revenue per Audited Statements
$52,094,481
Total Revenue per Form 990
$46,116,736
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$28,029,904
Other Expenses$16,313,387
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$17,492,911$3,893,107-$21,386,018
Information Technology$815,968$3,422,271-$4,238,239
Other Employee Benefits$3,486,825$275,892-$3,762,717
Fees for Services Other$2,552,470$229,082-$2,781,552
Payroll Taxes$1,292,481$235,950-$1,528,431
Travel$1,272,864$36,709-$1,309,573
Pension Plan Contributions$964,658$206,256-$1,170,914
Occupancy$625,806$8,051-$633,857
Depreciation Depletion$467,227--$467,227
Insurance$385,742--$385,742
Other Expenses$43,088$208,860-$251,948
Interest-$233,365-$233,365
Current Officers, Directors, Trustees, and Key Employees$181,824--$181,824
Fees for Services Accounting-$173,705-$173,705
All Other Expenses$19,930$24,508-$44,438
Advertising$29,480--$29,480
Total Functional Expenses$35,165,644$9,177,647$0$44,343,291

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$50,321,036
Expenses per Audited Statements$44,343,291
Total Expenses per Form 990$44,343,291
Expenses Not Reported on Form 990$5,977,745
Expenses Not Reported on Financial Statements$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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Related Party Payable$8,531,737
Right of Use Lease Liability$1,160,200
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
Yes
Other officer compensation reviewed
Yes
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 A, Line 2

“Earl and jim phalen are both members of the board and are brothers.”

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

“The form 990 is distributed to the board of directors to allow for the opportunity to review. The board members will then have the opportunity to discuss and review the return before filing.”

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

“All board members, officers, and key employees are asked to disclose any potential conflicts of interest. All potential conflicts are brought to legal counsel to review and determine if a conflict does exist. If a conflict is determined, the coo will review it. Legal counsel continues to monitor conflicts and will bring all potential issues to the coo for further review.”

Form 990, Part VI, Section B, Line 15

“Compensation is determined and approved by the board of directors during the budget approval process. The process described here was last completed in 2024.”

Form 990, Part VI, Section C, Line 19

“All governing documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Phalen Leadership Academy - Indiana
EIN
36-4729586
Phone
3173336980
Address
1001 MARINA DRIVE 410, QUINCY, MA 02171

Signing Officer

Name
Earl Martin Phalen
Title
Chairman
Phone
3173336980
Signed
2025-03-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Earl Martin Phalen
Formed
2012
Legal Domicile
In
Voting Board Members
5
Independent Board Members
4
Employees
462
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
301 SW ADAMS STREET SUITE 1000, PEORIA, IL 61602
Preparer
Andrew Smith CPA
Phone
3096714500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Miscellaneous: program service expenses 1,868. Management and general expenses 24,508. Fundraising expenses 0. Total expenses 26,376. Security services: program service expenses 16,982. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,982. Repairs & maintenance: program service expenses 1,080. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,080.”

Form 990, Part XII, Line 2C

“The oversight and selection process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The phalen leadership academy indiana, inc. Has received a determination from the u.s. Treasury department stating that it qualifies under the provisions of section 501(c)(3) of the internal revenue code (irc) as a tax-exempt organization; however, the school would be subject to tax on income unrelated to its tax-exempt purpose. For the year ended june 30, 2024, no accounting for federal and state income taxes was required to be included in the accompanying financial statements. Professional accounting standards require the school to recognize a tax liability only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax liability that is greater than 50% likely of being realized on examination. For tax positions not meeting the more likely than not test, no tax liability is recorded. The school has examined this issue and has determined that there are no material contingent tax liabilities or questionable tax positions. Tax years ending after 2021 are open to audit for both federal and state purposes.”

Raw XML AppendixShowing 400 of 655 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/Desc0PHALEN LEADERSHIP ACADEMY EDUCATES FUTURE LEADERS BASED ON THE FOLLOWING PRINCIPLES: EXCEPTIONAL TEACHERS AND SCHOOL LEADERS, PARTNERSHIPS WITH PARENTS, INNOVATIVE USE OF TECHNOLOGY TO SUPPLEMENT TEACHER INSTRUCTION, DIFFERENTIATED INSTRUCTION AND ONGOING ASSESSMENT TO MEASURE PROGRESS.
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IRS990/Form990PartVIISectionAGrp/PersonNm2EARL MARTIN PHALEN
IRS990/Form990PartVIISectionAGrp/PersonNm3JIM PHALEN
IRS990/Form990PartVIISectionAGrp/PersonNm4DR FERNANDO REIMERS
IRS990/Form990PartVIISectionAGrp/PersonNm5NICOLE FAMA
IRS990/Form990PartVIISectionAGrp/PersonNm6TORA TOWNSEND
IRS990/Form990PartVIISectionAGrp/PersonNm7LAWRENCE COURTNEY
IRS990/Form990PartVIISectionAGrp/PersonNm8MATTHEW RIMER
IRS990/Form990PartVIISectionAGrp/PersonNm9TROY LANE
IRS990/Form990PartVIISectionAGrp/PersonNm10TONJA EVANS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5169491
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6130759
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7146187
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8121376
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9116432
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10111710
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5REGIONAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt7ELEMENTARY ED
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt9ASSISTANT PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt10TEACHER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
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IRS990/GovernmentGrantsAmt016009472
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt046116736
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt012
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt03422271
IRS990/InformationTechnologyGrp/ProgramServicesAmt0815968
IRS990/InformationTechnologyGrp/TotalAmt04238239
IRS990/InsuranceGrp/ProgramServicesAmt0385742
IRS990/InsuranceGrp/TotalAmt0385742
IRS990/InterestGrp/ManagementAndGeneralAmt0233365
IRS990/InterestGrp/TotalAmt0233365
IRS990/InvestmentIncomeGrp/ExclusionAmt0774
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0774
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt065
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt09772335
IRS990/LandBldgEquipBasisNetGrp/EOYAmt09621661
IRS990/LandBldgEquipCostOrOtherBssAmt014422347
IRS990/LegalDomicileStateCd0IN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ENSURE EACH SCHOLAR ENROLLED MEETS HIGH ACADEMIC AND SOCIAL STANDARDS, AND THRIVES AS LEADERS AT HOME, IN THEIR COMMUNITIES, AND IN THE WORLD. THE ULTIMATE GOAL IS THAT EACH SCHOLAR MASTER KEY ACADEMIC SKILLS AND DEMONSTRATE STRONG CHARACTER, AS EXHIBITED BY: HONESTY, SERVICE TO OTHERS, A SUPERIOR WORK ETHIC, AND A STRONG VISION FOR AND BELIEF IN THEIR FUTURES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt06051495
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05661443
IRS990/NetAssetsOrFundBalancesBOYAmt011780620
IRS990/NetAssetsOrFundBalancesEOYAmt013554065
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt011303070
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt012851035
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt08051
IRS990/OccupancyGrp/ProgramServicesAmt0625806
IRS990/OccupancyGrp/TotalAmt0633857
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02316777
IRS990/OtherAssetsTotalGrp/EOYAmt018359600
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0275892
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03486825
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03762717
IRS990/OtherExpensesGrp/Desc0MATERIALS AND SUPPLIES
IRS990/OtherExpensesGrp/Desc1NUTRITIONAL SUPPORT
IRS990/OtherExpensesGrp/Desc2CLEANING SERVICES
IRS990/OtherExpensesGrp/Desc3PROFESSIONAL DEVELOPMEN
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0229891
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1208860
IRS990/OtherExpensesGrp/ProgramServicesAmt03273696
IRS990/OtherExpensesGrp/ProgramServicesAmt11769442
IRS990/OtherExpensesGrp/ProgramServicesAmt2491232
IRS990/OtherExpensesGrp/ProgramServicesAmt343088
IRS990/OtherExpensesGrp/TotalAmt03503587
IRS990/OtherExpensesGrp/TotalAmt11769442
IRS990/OtherExpensesGrp/TotalAmt2491232
IRS990/OtherExpensesGrp/TotalAmt3251948
IRS990/OtherLiabilitiesGrp/BOYAmt07302282
IRS990/OtherLiabilitiesGrp/EOYAmt09691937
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
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IRS990/OtherRevenueTotalAmt015183081
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt017492911
IRS990/OtherSalariesAndWagesGrp/TotalAmt021386018
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0235950
IRS990/PayrollTaxesGrp/ProgramServicesAmt01292481
IRS990/PayrollTaxesGrp/TotalAmt01528431
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0206256
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0964658
IRS990/PensionPlanContributionsGrp/TotalAmt01170914
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt05674290
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02662181
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0EARL MARTIN PHALEN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT EDUCATION
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1643150
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03238307
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1643150
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt033471493
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0263
IRS990/PYOtherExpensesAmt022332190
IRS990/PYOtherRevenueAmt01697630
IRS990/PYProgramServiceRevenueAmt011201661
IRS990/PYRevenuesLessExpensesAmt0-711298
IRS990/PYSalariesCompEmpBnftPaidAmt024750155
IRS990/PYTotalExpensesAmt047082345
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt046371047
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01773445
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt019064538
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01308309
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02819251
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt04778973
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02285569
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07064542
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt05977745
IRS990ScheduleD/DonatedServicesUseFcltsAmt05977745
IRS990ScheduleD/EquipmentGrp/BookValueAmt0136142
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01521716
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01657858
IRS990ScheduleD/ExpensesNotReportedAmt05977745
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt044343291
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0300000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0300000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04367116
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt062590
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04429706
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01000000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11134201
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt216225399
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RIGHT OF USE ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RELATED PARTY RECEIVABLE
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0930811
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0970241
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08531737
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11160200
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RELATED PARTY PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RIGHT OF USE LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt05977745
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt046116736
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PHALEN LEADERSHIP ACADEMY INDIANA, INC. HAS RECEIVED A DETERMINATION FROM THE U.S. TREASURY DEPARTMENT STATING THAT IT QUALIFIES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AS A TAX-EXEMPT ORGANIZATION; HOWEVER, THE SCHOOL WOULD BE SUBJECT TO TAX ON INCOME UNRELATED TO ITS TAX-EXEMPT PURPOSE. FOR THE YEAR ENDED JUNE 30, 2024, NO ACCOUNTING FOR FEDERAL AND STATE INCOME TAXES WAS REQUIRED TO BE INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PROFESSIONAL ACCOUNTING STANDARDS REQUIRE THE SCHOOL TO RECOGNIZE A TAX LIABILITY ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX LIABILITY THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE LIKELY THAN NOT TEST, NO TAX LIABILITY IS RECORDED. THE SCHOOL HAS EXAMINED THIS ISSUE AND HAS DETERMINED THAT THERE ARE NO MATERIAL CONTINGENT TAX LIABILITIES OR QUESTIONABLE TAX POSITIONS. TAX YEARS ENDING AFTER 2021 ARE OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09621661
IRS990ScheduleD/TotalBookValueOtherAssetsAmt018359600
IRS990ScheduleD/TotalExpensesPerForm990Amt044343291
IRS990ScheduleD/TotalLiabilityAmt09691937
IRS990ScheduleD/TotalRevenuePerForm990Amt046116736
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt052094481
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt050321036
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00

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