Civic Intelligence

Seven Oaks Classical School Inc

990 • Fiscal year 2023 • EIN 46-3846239

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 12, 2024

Organization ProfileSEVENOAKSCLASSICAL.ORG
200 E Association StEllettsville, IN 47429

(812) 360-2787

Siviq Scores

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

Liabilities / Assets

89th percentile

0.86x

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

2023 filings • 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.

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

Net Margin

61st percentile

8.5%

Higher net margin than 61% of similar nonprofits.

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

Top Officer Pay

25th percentile

$112,174

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

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

Asset Growth

16th percentile

-4.4%

Faster asset growth than 16% of similar nonprofits.

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

Revenue Growth

74th percentile

22%

Faster revenue growth than 74% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$12,254,324

Down $559,873 (-4.4%) from 2022

Net Assets

Up

$1,751,373

Up $468,517 (+37%) from 2022

Liabilities

Down

$10,502,951

Down $1,028,390 (-8.9%) from 2022

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin61st percentile

Revenue

Up

$5,527,508

Up $986,184 (+22%) from 2022

Expenses

Up

$5,058,991

Up $991,172 (+24%) from 2022

Net Income

Down

$468,517

Down $4,988 (-1.1%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

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

$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

2023

Assets$12,254,324
Liabilities$10,502,951
Net Assets$1,751,373
Open 2023 Filing

Operations Trend

Revenue Growth74th percentile

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

2023

Revenue$5,527,508
Expenses$5,058,991
Net Income$468,517
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 12, 2024
Return Version
2022v5.0
Gross Receipts
$5,527,508
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$9,422,415$10,298,675▲ $876,260
Cash and Non-Interest-Bearing Accounts$551,020$671,876▲ $120,856
Savings and Temporary Cash Investments-$505,182-
Total Assets$12,814,197$12,254,324▼ $559,873
Other Assets Total$2,840,762$778,591▼ $2,062,171
Liabilities
Tax Exempt Bond Liabilities$10,041,907$10,032,292▼ $9,615
Other Liabilities$1,015,919$0▼ $1,015,919
Accounts Payable and Accrued Expenses$338,657$340,530▲ $1,873
Mortgage Notes Payable Secured by Investment Property$134,858$130,129▼ $4,729
Total Liabilities$11,531,341$10,502,951▼ $1,028,390
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,282,856$1,751,373▲ $468,517
Total Net Assets Fund Balance$1,282,856$1,751,373▲ $468,517
Total Liabilities and Net Assets / Fund Balance$12,814,197$12,254,324▼ $559,873

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$9,189,827$721,406$9,911,233
Buildings$631,517$103,983$735,500
Land$407,310-$407,310
Equipment$40,716$20,788$61,504
Other Land Buildings$29,305$3,556$32,861
Other Assets Org$778,591--
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Stephen ShippHeadmasterFT$96,545$15,629$112,174
Scott ReynoldsBusiness ManagerFT$74,643$11,318$85,961

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$5,281,881
Program Service Revenue
$152,660
Investment Income
$44,260
Other Revenue
$48,707
All Other Contributions
$30,403
Change in Net Assets
$468,517

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,527,508
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,527,508
Total Revenue per Form 990
$5,527,508
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,285,644
Other Expenses$1,773,347
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,803,537$782,542-$2,586,079
Interest$486,288--$486,288
Depreciation Depletion$368,914--$368,914
Office Expenses$276,198$35,710-$311,908
Occupancy$202,400$17,021-$219,421
Current Officers, Directors, Trustees, and Key Employees$147,268$63,092-$210,360
Payroll Taxes$148,295$61,392-$209,687
Pension Plan Contributions$116,052$45,333-$161,385
Fees for Services Other$132,875$16,376-$149,251
Other Employee Benefits$87,440$30,693-$118,133
Fees for Services Management-$97,713-$97,713
Information Technology$50,539--$50,539
Insurance$49,228--$49,228
Fees for Services Accounting-$20,000-$20,000
Other Expenses$15,173--$15,173
Fees for Services Legal-$2,610-$2,610
Travel-$1,327-$1,327
Advertising$975--$975
Total Functional Expenses$3,885,182$1,173,809$0$5,058,991

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,058,991
Total Expenses per Audited Statements$5,058,991
Total Expenses per Form 990$5,058,991
Expenses Not Reported on Financial Statements$0
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

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
8123602787
Address
200 E ASSOCIATION ST, ELLETTSVILLE, IN 47429

Signing Officer

Name
Dr Stephen Shipp
Title
Headmaster
Phone
8123602787
Signed
2024-02-12
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
99
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 oversight process and selection process did not change during the tax year.”

Financial Statement Notes

PART X, LINE 2:

“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 there are no material contingent tax liabilities or questionable tax positions. Tax years ended after june 30, 2019 are open to audit for both federal and state purposes.”

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IRS990/OfficeExpensesGrp/ProgramServicesAmt0276198
IRS990/OfficeExpensesGrp/TotalAmt0311908
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02840762
IRS990/OtherAssetsTotalGrp/EOYAmt0778591
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt030693
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt087440
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0118133
IRS990/OtherExpensesGrp/Desc0STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/ProgramServicesAmt015173
IRS990/OtherExpensesGrp/TotalAmt015173
IRS990/OtherLiabilitiesGrp/BOYAmt01015919
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0782542
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01803537
IRS990/OtherSalariesAndWagesGrp/TotalAmt02586079
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt061392
IRS990/PayrollTaxesGrp/ProgramServicesAmt0148295
IRS990/PayrollTaxesGrp/TotalAmt0209687
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt045333
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0116052
IRS990/PensionPlanContributionsGrp/TotalAmt0161385
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DR STEPHEN SHIPP
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0152660
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0152660
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04388779
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0316
IRS990/PYOtherExpensesAmt01079398
IRS990/PYOtherRevenueAmt063803
IRS990/PYProgramServiceRevenueAmt088426
IRS990/PYRevenuesLessExpensesAmt0473505
IRS990/PYSalariesCompEmpBnftPaidAmt02988421
IRS990/PYTotalExpensesAmt04067819
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04541324
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0468517
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt048707
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0152660
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0505182
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/BookValueAmt0631517
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0103983
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0735500
IRS990ScheduleD/EquipmentGrp/BookValueAmt040716
IRS990ScheduleD/EquipmentGrp/DepreciationAmt020788
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt061504
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05058991
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0407310
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0407310
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt09189827
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0721406
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt09911233
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0778591
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CASH-RESTRICTED
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt029305
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03556
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt032861
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05527508
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PROFESSIONAL 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 THERE ARE NO MATERIAL CONTINGENT TAX LIABILITIES OR QUESTIONABLE TAX POSITIONS. TAX YEARS ENDED AFTER JUNE 30, 2019 ARE OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010298675
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0778591
IRS990ScheduleD/TotalExpensesPerForm990Amt05058991
IRS990ScheduleD/TotalRevenuePerForm990Amt05527508
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05527508
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05058991
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
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
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
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt010177375
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0INDIANA FINANCE AUTHORITY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0CONSOLIDATE DEBT AND REMODEL, REFURBISH, EXPAND AND EQUIP FACILITIES
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt07000000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt0260000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0593934
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0163657
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingEscrowAmt02159784
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02022
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt010177375
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF ITS GOVERNING BODY BEFORE FILING THE FORM FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OF DIRECTORS ENGAGES IN A REVIEW AND EVALUATION PROCESS AND SETS COMPENSATION ACCORDINGLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS ARE AVAILABLE IN PUBLIC MEETINGS WHEN APPROVED AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S OVERSIGHT PROCESS AND SELECTION PROCESS DID NOT CHANGE DURING THE TAX YEAR.
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 B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,254,324
Liabilities
$10,502,951
Net assets
$1,751,373
Revenue
$5,527,508
Expenses
$5,058,991
Net income
$468,517
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