Civic Intelligence

Seven Oaks Classical School Inc

EIN 46-3846239 • 501(c)3 • Ellettsville, IN

Profile

The mission of seven oaks classical school is to train the minds and improve the hearts of young people through a rigorous classical education in the liberal arts and sciences, with instruction in the principles of moral character and civic virtue.

200 E Association StEllettsville, IN 47429

sevenoaksclassical.org

Siviq Scores

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

Liabilities / Assets

89th percentile

0.86x

Higher debt load relative to assets than 89% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

88th percentile

1.90x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

59th percentile

8.5%

Higher net margin than 59% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

17th percentile

$0

Higher top officer pay than 17% of similar nonprofits.

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

501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

18th percentile

-4.4%

Faster asset growth than 18% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

73rd percentile

22%

Faster revenue growth than 73% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$12,661,192

Up $406,868 (+3.3%) from 2023

Liabilities

Up

$10,865,030

Up $362,079 (+3.4%) from 2023

Net Assets

Up

$1,796,162

Up $44,789 (+2.6%) from 2023

Operations
Liabilities / Revenue88th percentileNet Margin59th percentile

Revenue

Down

$5,406,335

Down $121,173 (-2.2%) from 2023

Expenses

Up

$5,361,546

Up $302,555 (+6.0%) from 2023

Net Income

Down

$44,789

Down $423,728 (-90%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth18th percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2014: $1,630Liabilities 2014: $02014Assets 2015: $1,262Liabilities 2015: $0Net Assets 2015: $1,2622015Assets 2017: $2,609,142Liabilities 2017: $2,913,220Net Assets 2017: -$304,0782017Assets 2018: $2,517,188Liabilities 2018: $2,789,621Net Assets 2018: -$272,4332018Assets 2019: $2,648,668Liabilities 2019: $2,781,519Net Assets 2019: -$132,8512019Assets 2020: $3,012,218Liabilities 2020: $2,671,748Net Assets 2020: $340,4702020Assets 2021: $11,287,303Liabilities 2021: $10,477,952Net Assets 2021: $809,3512021Assets 2022: $12,814,197Liabilities 2022: $11,531,341Net Assets 2022: $1,282,8562022Assets 2023: $12,254,324Liabilities 2023: $10,502,951Net Assets 2023: $1,751,3732023Assets 2024: $12,661,192Liabilities 2024: $10,865,030Net Assets 2024: $1,796,1622024

Highlighted filing

2024

Assets$12,661,192
Liabilities$10,865,030
Net Assets$1,796,162
Open 2024 Filing

Operations Trend

Revenue Growth73rd percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $2,973Expenses 2014: $1,598Net Income 2014: $1,3752014Revenue 2015: $1,836Expenses 2015: $2,204Net Income 2015: -$3682015Revenue 2017: $1,207,034Expenses 2017: $1,501,921Net Income 2017: -$294,8872017Revenue 2018: $1,823,389Expenses 2018: $1,791,744Net Income 2018: $31,6452018Revenue 2019: $2,865,019Expenses 2019: $2,631,885Net Income 2019: $233,1342019Revenue 2020: $3,445,431Expenses 2020: $2,972,110Net Income 2020: $473,3212020Revenue 2021: $3,800,281Expenses 2021: $3,478,302Net Income 2021: $321,9792021Revenue 2022: $4,541,324Expenses 2022: $4,067,819Net Income 2022: $473,5052022Revenue 2023: $5,527,508Expenses 2023: $5,058,991Net Income 2023: $468,5172023Revenue 2024: $5,406,335Expenses 2024: $5,361,546Net Income 2024: $44,7892024

Highlighted filing

2024

Revenue$5,406,335
Expenses$5,361,546
Net Income$44,789
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$12,661,192
Liabilities
$10,865,030
Net assets
$1,796,162
Revenue
$5,406,335
Expenses
$5,361,546
Net income
$44,789
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.7$10.9$1.80$5.41$5.36$0.04
2023Detailed filing. Detailed filing data is available for this year.$12.3$10.5$1.75$5.53$5.06$0.47
2022Detailed filing. Detailed filing data is available for this year.$12.8$11.5$1.28$4.54$4.07$0.47
2021Detailed filing. Detailed filing data is available for this year.$11.3$10.5$0.81$3.80$3.48$0.32
2020Detailed filing. Detailed filing data is available for this year.$3.01$2.67$0.34$3.45$2.97$0.47
2019Detailed filing. Detailed filing data is available for this year.$2.65$2.78$0.13$2.87$2.63$0.23
2018Detailed filing. Detailed filing data is available for this year.$2.52$2.79$0.27$1.82$1.79$0.03
2017Summary only. Only limited summary data is available for this year.$2.61$2.91$0.30$1.21$1.50$0.29
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2014Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 17, 2025
Return Version
2023v6.0
Gross Receipts
$5,424,606
Mission and Program Overview

Mission

The mission of seven oaks classical school is to train the minds and improve the hearts of young people through a rigorous classical education in the liberal arts and sciences, with instruction in the principles of moral character and civic virtue.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,298,675$10,262,394▼ $36,281
Cash and Non-Interest-Bearing Accounts$671,876$953,831▲ $281,955
Savings and Temporary Cash Investments$505,182$631,195▲ $126,013
Total Assets$12,254,324$12,661,192▲ $406,868
Other Assets Total$778,591$813,772▲ $35,181
Liabilities
Tax Exempt Bond Liabilities$10,032,292$10,011,844▼ $20,448
Accounts Payable and Accrued Expenses$340,530$382,695▲ $42,165
Other Liabilities$0$344,411▲ $344,411
Mortgage Notes Payable Secured by Investment Property$130,129$126,080▼ $4,049
Total Liabilities$10,502,951$10,865,030▲ $362,079
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,751,373$1,796,162▲ $44,789
Total Net Assets Fund Balance$1,751,373$1,796,162▲ $44,789
Total Liabilities and Net Assets / Fund Balance$12,254,324$12,661,192▲ $406,868

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$8,979,894$1,052,730$10,032,624
Buildings$764,918$131,177$896,095
Land$444,810-$444,810
Equipment$50,048$11,003$61,051
Other Land Buildings$22,724$10,128$32,852
Other Assets Org$813,772--
Compensation and Service Providers
Top Officer Pay17th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Stephen ShippHeadmasterFT$117,258$17,791$135,049
Scott ReynoldsBusiness ManagerFT$77,379$11,825$89,204

Board Members and Trustees

NameTitle
James CrowhurstPresident
Brian AndersonBoard Member
Donovan GarlettsBoard Member
Lindsey WeaverBoard Member
Matt WolfBoard Member
Terry EnglishBoard Member
Jazzmin VegelerSecretary
Jerry TowleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,157,905
Program Service Revenue
$105,855
Investment Income
$92,282
Other Revenue
$50,293
All Other Contributions
$36,076
Change in Net Assets
$44,789

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,406,335
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$7,879
Total Revenue per Audited Statements
$5,414,214
Total Revenue per Form 990
$5,406,335
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,432,582
Other Expenses$1,928,964
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,099,011$616,294-$2,715,305
Interest$486,850--$486,850
Office Expenses$388,126$40,672-$428,798
Depreciation Depletion$372,249--$372,249
Current Officers, Directors, Trustees, and Key Employees$179,368$50,690-$230,058
Occupancy$203,202$15,649-$218,851
Payroll Taxes$167,108$48,409-$215,517
Pension Plan Contributions$136,675$29,090-$165,765
Fees for Services Other$136,218$9,499-$145,717
Other Employee Benefits$97,934$8,003-$105,937
Information Technology$101,266--$101,266
Fees for Services Management-$80,102-$80,102
Insurance$61,157--$61,157
Fees for Services Accounting-$21,625-$21,625
Travel$7,401$1,001-$8,402
Advertising$3,371--$3,371
Other Expenses$576--$576
Total Functional Expenses$4,440,512$921,034$0$5,361,546

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,369,425
Expenses per Audited Statements$5,361,546
Total Expenses per Form 990$5,361,546
Expenses Not Reported on Form 990$7,879
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$7,879
Fundraising Gross Income$6,228
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Founders Day Gala$92,269$6,228$1,209$5,019
Total Events$92,269$6,228$7,879$-1,651
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advance$344,411

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIndiana Finance Authority2021-06-04$10,177,375Consolidate debt and remodel, refurbish, expand and equip facilities

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$10,177,375--$163,657

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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

“A complete copy of the form 990 is provided to all members of its governing body before filing the form for review.”

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

“Members of the board of directors are not required to submit an annual disclosure on interests document; however, members are responsible for declaring any perceived conflict of interest whenever a matter of potential conflict is brought before the board. The affected member is precluded from deliberation on the matter in question as well as voting on the matter.”

Form 990, Part VI, Section B, Line 15

“Board of directors engages in a review and evaluation process and sets compensation accordingly.”

Form 990, Part VI, Section C, Line 19

“All documents are available in public meetings when approved and upon request.”

Filing and Contact Details

Filer

Filer Name
Seven Oaks Classical School Inc
EIN
46-3846239
Phone
8129355003
Address
200 E ASSOCIATION ST, ELLETTSVILLE, IN 47429

Signing Officer

Name
Dr Stephen Shipp
Title
Headmaster
Phone
8129355003
Signed
2025-01-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Stephen Shipp
Formed
2014
Legal Domicile
In
Voting Board Members
8
Independent Board Members
8
Employees
109
Volunteers
100

Preparer

Firm
Donovan Pc
Address
5151 E US HWY 36, AVON, IN 46123
Preparer
Rex E Miller CPA Cgma
Phone
3177456411
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization's board of directors assumes the oversight of the audit and selection of an independent accountant. The selection and review process has not changed from the previous year.”

Financial Statement Notes

PART X, LINE 2:

“The school received a determination from the u.s. Treasury department stating it qualifies under the provisions of section 501(c)(3) of the internal revenue code as a tax-exempt organization; however, the school would be subject to tax on income unrelated to its tax-exempt purpose. For the years ended june 30, 2024 and 2023, 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 not be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax liability 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 examined this issue and determined there are no material contingent tax liabilities or questionable tax positions. Tax years ended after june 30, 2020 are open to audit for both federal and state purposes.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Direct fundraising expense 7,879.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Direct fundraising expense 7,879.”

Raw XML AppendixShowing 400 of 524 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/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0101266
IRS990/InformationTechnologyGrp/TotalAmt0101266
IRS990/InsuranceGrp/ProgramServicesAmt061157
IRS990/InsuranceGrp/TotalAmt061157
IRS990/InterestGrp/ProgramServicesAmt0486850
IRS990/InterestGrp/TotalAmt0486850
IRS990/InvestmentIncomeGrp/ExclusionAmt093271
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt093271
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01205038
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt010262394
IRS990/LandBldgEquipCostOrOtherBssAmt011467432
IRS990/LegalDomicileStateCd0IN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt010392
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF SEVEN OAKS CLASSICAL SCHOOL IS TO TRAIN THE MINDS AND IMPROVE THE HEARTS OF YOUNG PEOPLE THROUGH A RIGOROUS CLASSICAL EDUCATION IN THE LIBERAL ARTS AND SCIENCES, WITH INSTRUCTION IN THE PRINCIPLES OF MORAL CHARACTER AND CIVIC VIRTUE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt01796162
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-989
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-989
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-1651
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-1651
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt051944
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt051944
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01751373
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01796162
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt015649
IRS990/OccupancyGrp/ProgramServicesAmt0203202
IRS990/OccupancyGrp/TotalAmt0218851
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt040672
IRS990/OfficeExpensesGrp/ProgramServicesAmt0388126
IRS990/OfficeExpensesGrp/TotalAmt0428798
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0778591
IRS990/OtherAssetsTotalGrp/EOYAmt0813772
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08003
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt097934
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0105937
IRS990/OtherExpensesGrp/Desc0STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/ProgramServicesAmt0576
IRS990/OtherExpensesGrp/TotalAmt0576
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0344411
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0616294
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02099011
IRS990/OtherSalariesAndWagesGrp/TotalAmt02715305
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt048409
IRS990/PayrollTaxesGrp/ProgramServicesAmt0167108
IRS990/PayrollTaxesGrp/TotalAmt0215517
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt029090
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0136675
IRS990/PensionPlanContributionsGrp/TotalAmt0165765
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DR STEPHEN SHIPP
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0105855
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0105855
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYExcessBenefitTransInd00
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IRS990/PYInvestmentIncomeAmt044260
IRS990/PYOtherExpensesAmt01773347
IRS990/PYOtherRevenueAmt048707
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IRS990/PYSalariesCompEmpBnftPaidAmt03285644
IRS990/PYTotalExpensesAmt05058991
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05527508
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt044789
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt051944
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0105855
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0505182
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0631195
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/BookValueAmt0764918
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0131177
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0896095
IRS990ScheduleD/EquipmentGrp/BookValueAmt050048
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011003
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt061051
IRS990ScheduleD/ExpensesNotReportedAmt07879
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05361546
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0444810
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0444810
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt08979894
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01052730
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt010032624
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0813772
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CASH-RESTRICTED
IRS990ScheduleD/OtherExpensesIncludedAmt07879
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt022724
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt010128
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt032852
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0344411
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REFUNDABLE ADVANCE
IRS990ScheduleD/OtherRevenueAmt07879
IRS990ScheduleD/RevenueNotReportedAmt07879
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05406335
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL RECEIVED A DETERMINATION FROM THE U.S. TREASURY DEPARTMENT STATING IT QUALIFIES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS A TAX-EXEMPT ORGANIZATION; HOWEVER, THE SCHOOL WOULD BE SUBJECT TO TAX ON INCOME UNRELATED TO ITS TAX-EXEMPT PURPOSE. FOR THE YEARS ENDED JUNE 30, 2024 AND 2023, 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 NOT BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX LIABILITY 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 EXAMINED THIS ISSUE AND DETERMINED THERE ARE NO MATERIAL CONTINGENT TAX LIABILITIES OR QUESTIONABLE TAX POSITIONS. TAX YEARS ENDED AFTER JUNE 30, 2020 ARE OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DIRECT FUNDRAISING EXPENSE 7,879.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2DIRECT FUNDRAISING EXPENSE 7,879.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010262394
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0813772
IRS990ScheduleD/TotalExpensesPerForm990Amt05361546
IRS990ScheduleD/TotalLiabilityAmt0344411
IRS990ScheduleD/TotalRevenuePerForm990Amt05406335
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05414214
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05369425
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
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE NONDISCRIMATORY POLICY, PRINTED IN THE STUDENT HANDBOOK AND PUBLISHED ON THE ORGANIZATION'S WEBSITE, CLEARLY STATES THAT "THE SCHOOL DOES NOT, AND WILL NOT, DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, SEX, AGE, RELIGION, DISABILITY, OR ANY OTHER PROTECTED CATEGORY SPECIFIED IN APPLICABLE FEDERAL, STATE, OR LOCAL LAW."
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1NO SCHOLARSHIPS OR FINANCIAL AID ARE AWARDED, SO THERE IS NO DISCRIMINATION FACTOR TO CONSIDER.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION RECEIVES STATE FUNDS UNDER THE INDIANA CHARTER SCHOOL ACT (INDIANA CODE 20-24) AS WELL AS FUNDING UNDER FEDERAL PROGRAMS ADMINSTERED BY THE INDIANA DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt086041
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt086041
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt07879
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FOUNDERS DAY GALA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt03461
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt03461
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt092269
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt092269
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt06228
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt06228
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IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01209
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01209
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IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt03209
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IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02021-06-04
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0351602316
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum045506DL78

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