Civic Intelligence

Ace Preparatory Inc.

990 • Fiscal year 2022 • EIN 47-3128337

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 23, 2023

Organization ProfileWWW.ACEPREPACADEMY.ORG

View Organization Page

5326 Hillside AveIndianapolis, IN 46220

(317) 744-9847

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.88x

Higher debt load relative to assets than 92% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

90th percentile

1.40x

Higher debt load relative to revenue than 90% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

64th percentile

15%

Higher net margin than 64% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

64th percentile

$88,601

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

99th percentile

943%

Faster asset growth than 99% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

82nd percentile

49%

Faster revenue growth than 82% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$4,058,391

Up $3,669,189 (+943%) from 2021

Net Assets

Up

$472,239

Up $380,010 (+412%) from 2021

Liabilities

Up

$3,586,152

Up $3,289,179 (+1108%) from 2021

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin64th percentile

Revenue

Up

$2,553,518

Up $842,452 (+49%) from 2021

Expenses

Up

$2,173,508

Up $519,762 (+31%) from 2021

Net Income

Up

$380,010

Up $322,690 (+563%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2015: $244,389Liabilities 2015: $5,827Net Assets 2015: $238,5622015Assets 2016: $65,284Liabilities 2016: $201,215Net Assets 2016: -$135,9312016Assets 2017: $312,868Liabilities 2017: $108,424Net Assets 2017: $204,4442017Assets 2018: $387,021Liabilities 2018: $194,663Net Assets 2018: $192,3582018Assets 2019: $473,641Liabilities 2019: $368,551Net Assets 2019: $105,0902019Assets 2020: $250,565Liabilities 2020: $215,656Net Assets 2020: $34,9092020Assets 2021: $389,202Liabilities 2021: $296,973Net Assets 2021: $92,2292021Assets 2022: $4,058,391Liabilities 2022: $3,586,152Net Assets 2022: $472,2392022Assets 2023: $3,812,056Liabilities 2023: $3,372,261Net Assets 2023: $439,7952023Assets 2024: $3,452,753Liabilities 2024: $3,407,730Net Assets 2024: $45,0232024

Highlighted filing

2022

Assets$4,058,391
Liabilities$3,586,152
Net Assets$472,239
Open 2022 Filing

Operations Trend

Revenue Growth82nd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $286,149Expenses 2015: $47,587Net Income 2015: $238,5622015Revenue 2016: $202,769Expenses 2016: $577,262Net Income 2016: -$374,4932016Revenue 2017: $970,760Expenses 2017: $630,385Net Income 2017: $340,3752017Revenue 2018: $1,415,308Expenses 2018: $1,427,394Net Income 2018: -$12,0862018Revenue 2019: $1,183,570Expenses 2019: $1,270,838Net Income 2019: -$87,2682019Revenue 2020: $811,624Expenses 2020: $867,380Net Income 2020: -$55,7562020Revenue 2021: $1,711,066Expenses 2021: $1,653,746Net Income 2021: $57,3202021Revenue 2022: $2,553,518Expenses 2022: $2,173,508Net Income 2022: $380,0102022Revenue 2023: $2,328,140Expenses 2023: $2,360,584Net Income 2023: -$32,4442023Revenue 2024: $1,663,448Expenses 2024: $2,058,220Net Income 2024: -$394,7722024

Highlighted filing

2022

Revenue$2,553,518
Expenses$2,173,508
Net Income$380,010
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 23, 2023
Return Version
2021v4.2
Gross Receipts
$2,553,518
Mission and Program Overview

Mission

Through rigorous academics, positive character development, and excellence in everything we do, ace preparatory academy charter school educates kindergarten through grade 5 students for school success and lives of opportunity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$138,109$379,895▲ $241,786
Pledges and Grants Receivable$106,561$244,058▲ $137,497
Land, Buildings, and Equipment, Net$129,860$107,281▼ $22,579
Prepaid Expenses and Deferred Charges$11,079$16,752▲ $5,673
Accounts Receivable$3,593$0▼ $3,593
Total Assets$389,202$4,058,391▲ $3,669,189
Other Assets Total$0$3,310,405▲ $3,310,405
Liabilities
Other Liabilities$66,943$3,347,001▲ $3,280,058
Unsecured Notes Loans Payable$154,000$155,800▲ $1,800
Accounts Payable and Accrued Expenses$76,030$83,351▲ $7,321
Total Liabilities$296,973$3,586,152▲ $3,289,179
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$92,229$472,239▲ $380,010
Total Net Assets Fund Balance$92,229$472,239▲ $380,010
Total Liabilities and Net Assets / Fund Balance$389,202$4,058,391▲ $3,669,189

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$57,380$251,470$308,850
Buildings$49,901$83,769$133,670
Other Assets Org$3,310,405--
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Anna ShultsFounder & Head of SchoolFT$88,601$88,601
Kerriesha AdamsFounding Director of OperationFT$68,101$68,101

Board Members and Trustees

NameTitle
Mitchell GaugerChair
Tatiana DayVice Chair
Alex MaggosBoard Member
Charles IbrahimBoard Member
John ShertzerBoard Member
Jordan OliverBoard Member
Nick LeroyBoard Member
Taylor CrenshawBoard Member
Madolyn AugustusSecratary
LATOYA ASHE'Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,465,107
Program Service Revenue
$0
Investment Income
$85
Other Revenue
$88,326
All Other Contributions
$17,640
Change in Net Assets
$380,010

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,553,518
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,553,518
Total Revenue per Form 990
$2,553,518
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,281,567
Other Expenses$891,941
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$877,701$79,021-$956,722
Occupancy$309,757--$309,757
Current Officers, Directors, Trustees, and Key Employees$162,668$28,699-$191,367
Fees for Services Other$59,734$83,223-$142,957
Payroll Taxes$76,686$11,439-$88,125
Office Expenses$70,904$13,234-$84,138
Fees for Services Accounting-$53,382-$53,382
Depreciation Depletion$53,336--$53,336
Insurance-$39,454-$39,454
Other Employee Benefits$1,883$28,618-$30,501
Information Technology$24,853--$24,853
Pension Plan Contributions$917$13,935-$14,852
Interest-$13,777-$13,777
Advertising-$8,172-$8,172
Travel$6,465--$6,465
Other Expenses$18,541$5,398-$5,398
Fees for Services Legal-$4,286-$4,286
Total Functional Expenses$1,769,259$404,249$0$2,173,508

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,173,508
Total Expenses per Audited Statements$2,173,508
Total Expenses per Form 990$2,173,508
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Read-a-thon$16,518---
Total Events$16,518---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$3,347,001
Governance and Compliance

Governance Checklist

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

“The form 990 is provided to board members and they are provided time to comment or raise concerns. Any comments or concerns must be addressed to the board member's satisfaction and if necessary, we file for an extension; but if none are raised, the form is filed as prepared.”

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

“Any opportunities that would lead to a potential conflict of interest between the board of directors and school related business, partnerships, and/or financial matters are fully divulged, vetted, and upheld to ensure the utmost level of compliance. Board members sign an annual conflict of interest statement that remains on file at the school, as well as gets submitted to the charter authorizing body, and is reviewed throughout the year on an as-needed basis.”

Form 990, Part VI, Section C, Line 19

“A copy of the board minutes and financial statements are provided to anyone who attends the monthly board meetings. These meetings are open to the public and do not require board member status to attend. The governing documents, conflict of interest policy, and form 990 are available upon request.”

Filing and Contact Details

Filer

Filer Name
Ace Preparatory Inc
EIN
47-3128337
Phone
3177449847
Address
5326 HILLSIDE AVE, INDIANAPOLIS, IN 46220

Signing Officer

Name
Anna Shults
Title
Head of School
Phone
3177449847
Signed
2023-02-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anna Shults
Formed
2015
Legal Domicile
In
Voting Board Members
7
Independent Board Members
7
Employees
32
Volunteers
7

Preparer

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

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, 2018 are open to audit for both federal and state purposes.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR
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IRS990/MissionDesc0THROUGH RIGOROUS ACADEMICS, POSITIVE CHARACTER DEVELOPMENT, AND EXCELLENCE IN EVERYTHING WE DO, ACE PREPARATORY ACADEMY CHARTER SCHOOL EDUCATES KINDERGARTEN THROUGH GRADE 5 STUDENTS FOR SCHOOL SUCCESS AND LIVES OF OPPORTUNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt092229
IRS990/NetAssetsOrFundBalancesEOYAmt0472239
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt092229
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0472239
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0309757
IRS990/OccupancyGrp/TotalAmt0309757
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt013234
IRS990/OfficeExpensesGrp/ProgramServicesAmt070904
IRS990/OfficeExpensesGrp/TotalAmt084138
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt03310405
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt028618
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01883
IRS990/OtherEmployeeBenefitsGrp/TotalAmt030501
IRS990/OtherExpensesGrp/Desc0STUDENT LUNCH EXPENSE
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3AUTHORIZER OVERSIGHT FE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt021611
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15398
IRS990/OtherExpensesGrp/ProgramServicesAmt0105814
IRS990/OtherExpensesGrp/ProgramServicesAmt118541
IRS990/OtherExpensesGrp/TotalAmt0105814
IRS990/OtherExpensesGrp/TotalAmt121611
IRS990/OtherExpensesGrp/TotalAmt218541
IRS990/OtherExpensesGrp/TotalAmt35398
IRS990/OtherLiabilitiesGrp/BOYAmt066943
IRS990/OtherLiabilitiesGrp/EOYAmt03347001
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt088326
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt088326
IRS990/OtherRevenueTotalAmt088326
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt079021
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0877701
IRS990/OtherSalariesAndWagesGrp/TotalAmt0956722
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011439
IRS990/PayrollTaxesGrp/ProgramServicesAmt076686
IRS990/PayrollTaxesGrp/TotalAmt088125
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt013935
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0917
IRS990/PensionPlanContributionsGrp/TotalAmt014852
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0106561
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0244058
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011079
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016752
IRS990/PrincipalOfficerNm0ANNA SHULTS
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01703448
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt045
IRS990/PYOtherExpensesAmt0613981
IRS990/PYOtherRevenueAmt07573
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt057320
IRS990/PYSalariesCompEmpBnftPaidAmt01039765
IRS990/PYTotalExpensesAmt01653746
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01711066
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0380010
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt088326
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/BookValueAmt049901
IRS990ScheduleD/BuildingsGrp/DepreciationAmt083769
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0133670
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02173508
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt057380
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0251470
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0308850
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03310405
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OPERATING LEASE RIGHT-OF-USE ASSET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03347001
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02553518
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, 2018 ARE OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0107281
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03310405
IRS990ScheduleD/TotalExpensesPerForm990Amt02173508
IRS990ScheduleD/TotalLiabilityAmt03347001
IRS990ScheduleD/TotalRevenuePerForm990Amt02553518
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02553518
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02173508
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/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd00
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0SOME MARKETING ITEMS THAT ENCOURAGE ENROLLMENT DO NOT INCLUDE ACE PREPARATORY'S NONDISCRIMINATORY STATEMENT. ACE PREPARATORY HAS NOT WIDELY PROMOTED SUCH A POLICY IN THE MANNER DESCRIBED. BY LAW, THE ENROLLMENT POLICES FOR CHARTERS ARE NONDISCRIMINATORY IN THEMSELVES, SO WE UPHOLD THE FULL INTENT AND SPIRIT OF THAT.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1ACE PREPARATORY IS TUITION FREE AND DOES NOT PROVIDE FINANCIAL ASSISTANCE OR SCHOLARSHIPS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION RECEIVES STATE AID AND STATE GRANTS.
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/CharitableContributionsTotAmt016518
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt016518
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0READ-A-THON
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt016518
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt016518
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PROVIDED TO BOARD MEMBERS AND THEY ARE PROVIDED TIME TO COMMENT OR RAISE CONCERNS. ANY COMMENTS OR CONCERNS MUST BE ADDRESSED TO THE BOARD MEMBER'S SATISFACTION AND IF NECESSARY, WE FILE FOR AN EXTENSION; BUT IF NONE ARE RAISED, THE FORM IS FILED AS PREPARED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY OPPORTUNITIES THAT WOULD LEAD TO A POTENTIAL CONFLICT OF INTEREST BETWEEN THE BOARD OF DIRECTORS AND SCHOOL RELATED BUSINESS, PARTNERSHIPS, AND/OR FINANCIAL MATTERS ARE FULLY DIVULGED, VETTED, AND UPHELD TO ENSURE THE UTMOST LEVEL OF COMPLIANCE. BOARD MEMBERS SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT THAT REMAINS ON FILE AT THE SCHOOL, AS WELL AS GETS SUBMITTED TO THE CHARTER AUTHORIZING BODY, AND IS REVIEWED THROUGHOUT THE YEAR ON AN AS-NEEDED BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE BOARD MINUTES AND FINANCIAL STATEMENTS ARE PROVIDED TO ANYONE WHO ATTENDS THE MONTHLY BOARD MEETINGS. THESE MEETINGS ARE OPEN TO THE PUBLIC AND DO NOT REQUIRE BOARD MEMBER STATUS TO ATTEND. THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FORM 990 ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0389202
IRS990/TotalAssetsEOYAmt04058391
IRS990/TotalAssetsGrp/BOYAmt0389202
IRS990/TotalAssetsGrp/EOYAmt04058391
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02465107
IRS990/TotalEmployeeCnt032
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0404249
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01769259
IRS990/TotalFunctionalExpensesGrp/TotalAmt02173508
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0296973
IRS990/TotalLiabilitiesEOYAmt03586152
IRS990/TotalLiabilitiesGrp/BOYAmt0296973
IRS990/TotalLiabilitiesGrp/EOYAmt03586152

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,058,391
Liabilities
$3,586,152
Net assets
$472,239
Revenue
$2,553,518
Expenses
$2,173,508
Net income
$380,010
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.45$3.41$0.05$1.66$2.06$0.39
2023Detailed filing. Detailed filing data is available for this year.$3.81$3.37$0.44$2.33$2.36$0.03
2022Detailed filing. Detailed filing data is available for this year.$4.06$3.59$0.47$2.55$2.17$0.38
2021Detailed filing. Detailed filing data is available for this year.$0.39$0.30$0.09$1.71$1.65$0.06
2020Summary only. Only limited summary data is available for this year.$0.25$0.22$0.03$0.81$0.87$0.06
2019Summary only. Only limited summary data is available for this year.$0.47$0.37$0.11$1.18$1.27$0.09
2018Summary only. Only limited summary data is available for this year.$0.39$0.19$0.19$1.42$1.43$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.31$0.11$0.20$0.97$0.63$0.34
2016Summary only. Only limited summary data is available for this year.$0.07$0.20$0.14$0.20$0.58$0.37
2015Summary only. Only limited summary data is available for this year.$0.24$0.01$0.24$0.29$0.05$0.24