Civic Intelligence

Gary Middle College Inc.

EIN 81-1151532 • 501(c)3 • Indianapolis, IN

Pub. 78 Eligible

Profile

Beating poverty through quality education.

3145 N Meridian StreetIndianapolis, IN 46208

www.garymiddlecollege.org/gmc-west

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.29x

Higher debt load relative to assets than 73% of similar nonprofits.

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

Liabilities / Revenue

68th percentile

0.22x

Higher debt load relative to revenue than 68% of similar nonprofits.

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

Net Margin

11th percentile

-29%

Higher net margin than 11% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

92nd percentile

66%

Faster asset growth than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2022

Revenue Growth

82nd percentile

42%

Faster revenue growth than 82% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2022

Assets

Down

$1,439,884

Down $115,914 (-7.5%) from 2023

Liabilities

Down

$249,788

Down $86,116 (-26%) from 2023

Net Assets

Down

$1,190,096

Down $29,798 (-2.4%) from 2023

Revenue

Down

$1,895,691

Down $266,156 (-12%) from 2023

Expenses

Down

$1,925,489

Down $152,571 (-7.3%) from 2023

Net Income

Down

-$29,798

Down $113,585 (-136%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2019: $517,776Liabilities 2019: $50,994Net Assets 2019: $466,7822019Assets 2020: $582,722Liabilities 2020: $35,970Net Assets 2020: $546,7522020Assets 2021: $439,379Liabilities 2021: $28,185Net Assets 2021: $411,1942021Assets 2022: $1,606,028Liabilities 2022: $469,921Net Assets 2022: $1,136,1072022Assets 2023: $1,555,798Liabilities 2023: $335,904Net Assets 2023: $1,219,8942023Assets 2024: $1,439,884Liabilities 2024: $249,788Net Assets 2024: $1,190,0962024

Highlighted filing

2024

Assets$1,439,884
Liabilities$249,788
Net Assets$1,190,096

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2019: $1,285,026Expenses 2019: $792,005Net Income 2019: $493,0212019Revenue 2020: $1,034,368Expenses 2020: $954,398Net Income 2020: $79,9702020Revenue 2021: $1,052,418Expenses 2021: $1,187,976Net Income 2021: -$135,5582021Revenue 2022: $2,092,370Expenses 2022: $2,702,359Net Income 2022: -$609,9892022Revenue 2023: $2,161,847Expenses 2023: $2,078,060Net Income 2023: $83,7872023Revenue 2024: $1,895,691Expenses 2024: $1,925,489Net Income 2024: -$29,7982024

Highlighted filing

2024

Revenue$1,895,691
Expenses$1,925,489
Net Income-$29,798

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 9, 2025
Return Version
2023v6.0
Gross Receipts
$1,899,535
Mission and Program Overview

Mission

Beating poverty through quality education.

To EMPOWER students to ACCELERATE their academic pathways to ADVANCE their social mobility and ACHIEVE their career and life-long goals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$747,947$893,772▲ $145,825
Land, Buildings, and Equipment, Net$480,506$357,981▼ $122,525
Prepaid Expenses and Deferred Charges$22,218$43,555▲ $21,337
Pledges and Grants Receivable$128,035$22,017▼ $106,018
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$1,555,798$1,439,884▼ $115,914
Other Assets Total$177,092$122,559▼ $54,533
Liabilities
Other Liabilities$178,845$144,502▼ $34,343
Accounts Payable and Accrued Expenses$78,207$55,286▼ $22,921
Unsecured Notes Loans Payable$70,000$50,000▼ $20,000
Deferred Revenue$8,852$0▼ $8,852
Total Liabilities$335,904$249,788▼ $86,116
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,219,894$1,190,096▼ $29,798
Total Net Assets Fund Balance$1,219,894$1,190,096▼ $29,798
Total Liabilities and Net Assets / Fund Balance$1,555,798$1,439,884▼ $115,914

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$118,937$728,314$847,251
Buildings$193,497$126,028$319,525
Leasehold Improvements$45,547$187,277$232,824
Other Assets Org$122,559--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Arlene ColvinBoard Chair
Dana GoreBoard Member
Matt WellsBoard Member
R Louis GonzalezBoard Member
Dana L TeasleySchool Treasurer
Nadine McDowellSecretary/Treasurer
Kevin TeasleySuperintendent

Highest Paid Contractors

ContractorServicesLocationCompensation
Greater Educational Opportunities FoundationManagement Fees3145 N Meridian Street, Indianapolis, IN 46208$231,551
Revenue and Support

Revenue Composition

Contributions and Grants
$1,793,952
Program Service Revenue
$103,661
Investment Income
$-1,922
Other Revenue
$0
Change in Net Assets
$-29,798

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,895,691
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$1,895,691
Total Revenue per Form 990
$1,895,691
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,041,816
Salaries, Compensation, and Employee Benefits$883,673
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$742,769--$742,769
Fees for Services Management-$204,661-$204,661
Occupancy$188,553--$188,553
Depreciation Depletion$120,603--$120,603
Office Expenses$109,598--$109,598
Information Technology$93,063--$93,063
Other Employee Benefits$57,773--$57,773
Payroll Taxes$48,669--$48,669
Advertising$48,138--$48,138
Fees for Services Accounting-$39,950-$39,950
Travel$39,848--$39,848
Pension Plan Contributions$34,462--$34,462
Insurance$30,179--$30,179
Fees for Services Other$17,377$0$0$17,377
Other Expenses$6,800--$6,800
Interest$1,200--$1,200
All Other Expenses$994$0$0$994
Total Functional Expenses$1,680,878$244,611$0$1,925,489

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,925,489
Total Expenses per Audited Statements$1,925,489
Total Expenses per Form 990$1,925,489
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$128,004
Due to Affiliate$16,498
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
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
Yes

Governance Explanations

Form 990, Part VI, Line 2 Family/business relationships amongst interested persons

Dana L Teasley - Family relationship, Kevin Teasley - Family relationship

Form 990, Part VI, Line 3 Delegation of management duties

The organization has a management agreement with The Greater Education Opportunities Foundation, Inc. ("GEO") ("95-4406881") to provide management, operation, and administrative services. The compensation of officers, Kevin Teasley and Dana Teasley, is reported on GEO's respective Form 990 filing.

Form 990, Part VI, Line 8B Documentation of meetings held by committees of governing body

The organization does not have any committees with authority to act on behalf of the governing body.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The Form 990 is reviewed by GEO Foundation's CFO and CEO, before being emailed to the board. After the board review, the Form 990 is submitted to the IRS.

Form 990, Part VI, Line 12C Conflict of interest policy

All board members annually complete a confidentiality conflict of interest statement. If a conflict arises, it is noted and reviewed by the board to determine if any action needs to be taken. Individuals with conflicts abstain from voting on such matters.

Form 990, Part VI, Line 19 Required documents available to the public

Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to internal revenue code (IRC) section 6104. These documents are not available to the public at this time.

Filing and Contact Details

Filer

Filer Name
Gary Middle College Inc
EIN
81-1151532
Phone
3175361027
Address
3145 N Meridian Street, Indianapolis, IN 46208

Signing Officer

Name
Alyce Butler
Title
Vice Chairman
Signed
2025-05-09
Discuss with paid preparer
Yes

Organization Details

Formed
2016
Legal Domicile
In
Voting Board Members
5
Independent Board Members
5
Employees
15
Volunteers
5

Preparer

Firm
Crowe Llp
Address
231 S Bemiston Ave Suite 800, Clayton, MO 63105
Preparer
Steve Lenivy
Phone
3148022000
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The School is exempt from income taxes on income from related activities under Section 501(c)(3) of the U. S. Internal Revenue Code and corresponding state tax law. Accordingly, no provision has been made for federal or state income taxes. Additionally, the School is not considered to be a private foundation under Section 509(a) of the Internal Revenue Code. The School has adopted applicable guidance with respect to accounting for uncertainty in income taxes. A tax position is recognized as a benefit only if it is "more likely than not" that 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 benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit will be recorded. The School does not expect the total amount of unrecorded tax benefits to significantly change in the next 12 months. The School recognizes interest and/or penalties related to income tax matters in income tax expense. The School did not have any amounts accrued for interest and penalties at June 30, 2024 and 2023.

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IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Arlene Colvin
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0126028
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0118937
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0728314
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt00
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RIght of Use Asset
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Lease Liability
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IRS990ScheduleD/RevenueNotReportedAmt00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The School is exempt from income taxes on income from related activities under Section 501(c)(3) of the U. S. Internal Revenue Code and corresponding state tax law. Accordingly, no provision has been made for federal or state income taxes. Additionally, the School is not considered to be a private foundation under Section 509(a) of the Internal Revenue Code. The School has adopted applicable guidance with respect to accounting for uncertainty in income taxes. A tax position is recognized as a benefit only if it is "more likely than not" that 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 benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit will be recorded. The School does not expect the total amount of unrecorded tax benefits to significantly change in the next 12 months. The School recognizes interest and/or penalties related to income tax matters in income tax expense. The School did not have any amounts accrued for interest and penalties at June 30, 2024 and 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0122559
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IRS990ScheduleD/TotalLiabilityAmt0144502
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
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IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The racially nondiscriminatory policy is publicized on the website. It is also included in the Student Handbook and is part of the Charter.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1Organization receives federal and state grant money to achieve its stated mission. State-Adult Learners State-Basic Grant State-Charter Facilities Grant Federal-Title I Grant Federal-Sped Services (IDEA, Part B)
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Dana L Teasley - Family relationship, Kevin Teasley - Family relationship
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization has a management agreement with The Greater Education Opportunities Foundation, Inc. ("GEO") ("95-4406881") to provide management, operation, and administrative services. The compensation of officers, Kevin Teasley and Dana Teasley, is reported on GEO's respective Form 990 filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization does not have any committees with authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Form 990 is reviewed by GEO Foundation's CFO and CEO, before being emailed to the board. After the board review, the Form 990 is submitted to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All board members annually complete a confidentiality conflict of interest statement. If a conflict arises, it is noted and reviewed by the board to determine if any action needs to be taken. Individuals with conflicts abstain from voting on such matters.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to internal revenue code (IRC) section 6104. These documents are not available to the public at this time.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2 Family/business relationships amongst interested persons
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 3 Delegation of management duties
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 12c Conflict of interest policy
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19 Required documents available to the public
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