Civic Intelligence

Indiana Afterschool Network Inc

990 • Fiscal year 2020 • EIN 46-5592573

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 13, 2021

303 N Alabama Ste 210Indianapolis, IN 46204

(317) 822-8211

Siviq Scores

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

Liabilities / Assets

81st percentile

0.51x

Higher debt load relative to assets than 81% of similar nonprofits.

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

Liabilities / Revenue

83rd percentile

0.84x

Higher debt load relative to revenue than 83% of similar nonprofits.

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

Net Margin

61st percentile

11%

Higher net margin than 61% of similar nonprofits.

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

Top Officer Pay

41st percentile

$23,490

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

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

Asset Growth

53rd percentile

7.1%

Faster asset growth than 53% of similar nonprofits.

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

Revenue Growth

34th percentile

-9.0%

Faster revenue growth than 34% of similar nonprofits.

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

Assets

Up

$1,753,101

Up $115,704 (+7.1%) from 2019

Net Assets

Up

$863,606

Up $118,844 (+16%) from 2019

Liabilities

Down

$889,495

Down $3,140 (-0.4%) from 2019

Revenue

Down

$1,054,782

Down $104,210 (-9.0%) from 2019

Expenses

Down

$935,938

Down $87,580 (-8.6%) from 2019

Net Income

Down

$118,844

Down $16,630 (-12%) from 2019

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2014: $1,262,591Liabilities 2014: $41,792Net Assets 2014: $1,220,7992014Assets 2015: $1,121,491Liabilities 2015: $430,592Net Assets 2015: $690,8992015Assets 2016: $1,343,295Liabilities 2016: $839,971Net Assets 2016: $503,3242016Assets 2017: $1,433,485Liabilities 2017: $942,083Net Assets 2017: $491,4022017Assets 2018: $1,358,073Liabilities 2018: $748,785Net Assets 2018: $609,2882018Assets 2019: $1,637,397Liabilities 2019: $892,635Net Assets 2019: $744,7622019Assets 2020: $1,753,101Liabilities 2020: $889,495Net Assets 2020: $863,6062020Assets 2021: $20,410,535Liabilities 2021: $18,651,919Net Assets 2021: $1,758,6162021Assets 2022: $2,196,931Liabilities 2022: $287,246Net Assets 2022: $1,909,6852022Assets 2023: $1,831,211Liabilities 2023: $330,855Net Assets 2023: $1,500,3562023Assets 2024: $11,504,007Liabilities 2024: $584,146Net Assets 2024: $10,919,8612024

Highlighted filing

2020

Assets$1,753,101
Liabilities$889,495
Net Assets$863,606

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2014: $1,619,224Expenses 2014: $1,084,453Net Income 2014: $534,7712014Revenue 2015: $1,169,270Expenses 2015: $973,910Net Income 2015: $195,3602015Revenue 2016: $946,339Expenses 2016: $1,133,914Net Income 2016: -$187,5752016Revenue 2017: $1,031,553Expenses 2017: $1,043,475Net Income 2017: -$11,9222017Revenue 2018: $1,160,211Expenses 2018: $1,042,325Net Income 2018: $117,8862018Revenue 2019: $1,158,992Expenses 2019: $1,023,518Net Income 2019: $135,4742019Revenue 2020: $1,054,782Expenses 2020: $935,938Net Income 2020: $118,8442020Revenue 2021: $4,884,390Expenses 2021: $4,830,765Net Income 2021: $53,6252021Revenue 2022: $9,391,555Expenses 2022: $9,240,486Net Income 2022: $151,0692022Revenue 2023: $1,174,887Expenses 2023: $1,584,216Net Income 2023: -$409,3292023Revenue 2024: $11,554,820Expenses 2024: $2,135,315Net Income 2024: $9,419,5052024

Highlighted filing

2020

Revenue$1,054,782
Expenses$935,938
Net Income$118,844
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 13, 2021
Return Version
2020v4.0
Gross Receipts
$1,054,782
Mission and Program Overview

Mission

We are a nonprofit organization that champions afterschool & summer learning by inspiring, empowering, & connecting youth workers, partners, & advocates at state & local levels. We believe that together schools, communities, & families can create an inspiring day of learning. Ian's vision is: indiana is a place where all k-12 children and youth have access to high quality learning opportunities beyond the school day that prepare them for success in education, careers and life. We mobilize people, organizations and communities to connect afterschool and summer programs with the supports they need to create positive youth outcomes for inspiring futures.

Ian's vision is: indiana is a place where all k-12 children and youth have access to high quality learning opportunities beyond the school day that prepare them for success in education, careers and life. We mobilize people, organizations and communities to connect afterschool and summer programs with the supports they need to create positive youth outcomes for inspiring futures.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,359,192$1,607,624▲ $248,432
Pledges and Grants Receivable$228,772$85,000▼ $143,772
Prepaid Expenses and Deferred Charges$36,966$32,287▼ $4,679
Accounts Receivable$9,217$21,535▲ $12,318
Land, Buildings, and Equipment, Net$3,250$6,655▲ $3,405
Total Assets$1,637,397$1,753,101▲ $115,704
Liabilities
Deferred Revenue$880,005$852,200▼ $27,805
Accounts Payable and Accrued Expenses$12,630$37,295▲ $24,665
Total Liabilities$892,635$889,495▼ $3,140
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$744,762$863,606▲ $118,844
Total Net Assets Fund Balance$744,762$863,606▲ $118,844
Total Liabilities and Net Assets / Fund Balance$1,637,397$1,753,101▲ $115,704

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,655$15,979$22,634
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lakshmi HasanadkaCEOFT$23,490$23,490

Board Members and Trustees

NameTitle
Marc McaleavyBoard Chair
Brent WakeVice Chair
Angela KlitzschBoard Member
Donovan GarlettsBoard Member
Glendal JonesBoard Member
Reginald McgregorBoard Member
Schiela PenaBoard Member
Todd BessBoard Member
Todd HurstBoard Member
Amy MarshPast Board C
Angelina MendozaSecretary
John FiskTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$942,479
Program Service Revenue
$108,950
Investment Income
$2,717
Other Revenue
$636
All Other Contributions
$645,446
Change in Net Assets
$118,844

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,054,782
Total Revenue per Audited Statements
$1,054,782
Total Revenue per Form 990
$1,054,782
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$488,472
Salaries, Compensation, and Employee Benefits$447,466
Total Fundraising Expense$63,121
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$263,807$67,947$44,485$376,239
Fees for Services Other$255,056$18,444$5,840$279,340
Conferences and Meetings$70,287$199-$70,486
Other Employee Benefits$25,152$7,819$3,952$36,923
Payroll Taxes$18,827$12,519$2,958$34,304
Occupancy$22,386$6,076$3,518$31,980
Advertising-$30,835-$30,835
Insurance-$10,610-$10,610
Travel$5,422$1,471$852$7,745
Fees for Services Accounting-$5,400-$5,400
Office Expenses$3,160$918$485$4,563
Other Expenses$4,486$4,047$705$4,047
Depreciation Depletion-$3,829-$3,829
All Other Expenses-$2,786-$2,786
Total Functional Expenses$679,573$193,244$63,121$935,938

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$935,938
Total Expenses per Audited Statements$935,938
Total Expenses per Form 990$935,938
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
Yes
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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, Page 6, Part VI, Line 11B

The form 990 is reviewed by the board of directors prior to being filed.

Form 990, Page 6, Part VI, Line 12C

The conflict policy is reviewed as needed.

Form 990, Page 6, Part VI, Line 15A

The board determines the ceo's compensation. They use comparable salaries made available by an area charitable fundraising and advisory services that considers size, revenue, pay scale. It is determined on an annual basis.

Form 990, Page 6, Part VI, Line 15B

The ceo determines how much to allocate for salaries of all employees with input from the board chair and vice chair.

Form 990, Page 6, Part VI, Line 19

The form 990 and form 1023 are available during regular business hours upon request.

Filing and Contact Details

Filer

Filer Name
Indiana Afterschool Network Inc
EIN
46-5592573
Phone
3178228211
Address
303 N ALABAMA STE 210, INDIANAPOLIS, IN 46204

Signing Officer

Name
Lakshmi Hasanadka
Title
CEO
Phone
3178228211
Signed
2021-10-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lakshmi Hasanadka
Formed
2013
Legal Domicile
In
Voting Board Members
12
Independent Board Members
12
Employees
7

Preparer

Firm
Humphrey CPA Group LLC
Address
5915 S EMERSON AVENUE SUITE 400, INDIANAPOLIS, IN 46237
Preparer
Rodney J Humphrey CPA
Phone
3174353447
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Ian's vision is: indiana is a place where all k-12 children and youth have access to high quality learning opportunities beyond the school day that prepare them for success in education, careers and life. We mobilize people, organizations and communities to connect afterschool and summer programs with the supports they need to create positive youth outcomes for inspiring futures.

Form 990, Part IX, Line 11G

Other professional fees 255,056 18,444 5,840

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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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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0134681
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt088692
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0629777
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02717
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IRS990ScheduleA/InvestmentIncomePYPct00.00000
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IRS990ScheduleC/CorrectionMadeInd0false
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IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0ONE EMPLOYEE IS REGISTERED WITH THE STATE OF INDIANA AS A LOBBYIST. THE PURPOSE OF LOBBYING WAS TO DISCUSS WITH LEGISLATORS, THE FUNDING OF PROGRAMS FOR AFTERSCHOOL AND ALSO RELATED TO THE STEM PROGRAM AVAILABILITY FOR SCHOOL AGE CHILDREN. THERE WAS NO PAYMENT TO OUTSIDE LOBBYISTS.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART I-A, LINE 1
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt015979
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IRS990ScheduleD/RevenueSubtotalAmt01054782
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IRS990ScheduleD/TotalExpensesPerForm990Amt0935938
IRS990ScheduleD/TotalRevenuePerForm990Amt01054782
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01054782
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0935938
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IAN'S VISION IS: INDIANA IS A PLACE WHERE ALL K-12 CHILDREN AND YOUTH HAVE ACCESS TO HIGH QUALITY LEARNING OPPORTUNITIES BEYOND THE SCHOOL DAY THAT PREPARE THEM FOR SUCCESS IN EDUCATION, CAREERS AND LIFE. WE MOBILIZE PEOPLE, ORGANIZATIONS AND COMMUNITIES TO CONNECT AFTERSCHOOL AND SUMMER PROGRAMS WITH THE SUPPORTS THEY NEED TO CREATE POSITIVE YOUTH OUTCOMES FOR INSPIRING FUTURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT POLICY IS REVIEWED AS NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD DETERMINES THE CEO'S COMPENSATION. THEY USE COMPARABLE SALARIES MADE AVAILABLE BY AN AREA CHARITABLE FUNDRAISING AND ADVISORY SERVICES THAT CONSIDERS SIZE, REVENUE, PAY SCALE. IT IS DETERMINED ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CEO DETERMINES HOW MUCH TO ALLOCATE FOR SALARIES OF ALL EMPLOYEES WITH INPUT FROM THE BOARD CHAIR AND VICE CHAIR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FORM 990 AND FORM 1023 ARE AVAILABLE DURING REGULAR BUSINESS HOURS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OTHER PROFESSIONAL FEES 255,056 18,444 5,840
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false

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