Civic Intelligence

Ignite Achievement Academy Inc

990 • Fiscal year 2018 • EIN 81-3711344

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

1002 W 25th StreetIndianapolis, IN 46208

(317) 226-4242

Siviq Scores

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

Liabilities / Assets

87th percentile

0.74x

Higher debt load relative to assets than 87% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

51st percentile

0.10x

Higher debt load relative to revenue than 51% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

36th percentile

-0.9%

Higher net margin than 36% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

43rd percentile

$45,274

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Assets

$637,600

No earlier filing loaded for comparison.

Net Assets

$163,483

No earlier filing loaded for comparison.

Liabilities

$474,117

No earlier filing loaded for comparison.

Revenue

$4,926,569

No earlier filing loaded for comparison.

Expenses

$4,973,343

No earlier filing loaded for comparison.

Net Income

-$46,774

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2018: $637,600Liabilities 2018: $474,117Net Assets 2018: $163,4832018Assets 2019: $1,468,514Liabilities 2019: $158,504Net Assets 2019: $1,310,0102019Assets 2020: $2,005,276Liabilities 2020: $658,855Net Assets 2020: $1,346,4212020Assets 2021: $1,894,563Liabilities 2021: $157,090Net Assets 2021: $1,737,4732021Assets 2022: $1,870,124Liabilities 2022: $125,144Net Assets 2022: $1,744,9802022Assets 2023: $1,164,812Liabilities 2023: $127,027Net Assets 2023: $1,037,7852023Assets 2024: $751,594Liabilities 2024: $309,447Net Assets 2024: $442,1472024

Highlighted filing

2018

Assets$637,600
Liabilities$474,117
Net Assets$163,483

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2018: $4,926,569Expenses 2018: $4,973,343Net Income 2018: -$46,7742018Revenue 2019: $5,806,469Expenses 2019: $4,856,869Net Income 2019: $949,6002019Revenue 2020: $5,043,328Expenses 2020: $5,006,917Net Income 2020: $36,4112020Revenue 2021: $5,705,099Expenses 2021: $5,314,047Net Income 2021: $391,0522021Revenue 2022: $6,453,124Expenses 2022: $6,445,617Net Income 2022: $7,5072022Revenue 2023: $2,280,538Expenses 2023: $2,987,733Net Income 2023: -$707,1952023Revenue 2024: $2,410,644Expenses 2024: $2,771,562Net Income 2024: -$360,9182024

Highlighted filing

2018

Revenue$4,926,569
Expenses$4,973,343
Net Income-$46,774
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$4,926,569
Mission and Program Overview

Mission

The mission of iaa is to provide the community with an accelerated learning institution that propels scholars academically by utilizing a holistic curriculum built upon cultural and community responsiveness, project-based learning and the leading literacy, socio-emotional, and neuroscientific research; thus providing scholars rich opportunities for enrichment, achievement, and increasing degrees of impact in every field of endeavor.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$169,348$376,409▲ $207,061
Cash and Non-Interest-Bearing Accounts$667,682$232,749▼ $434,933
Pledges and Grants Receivable$90,753$16,077▼ $74,676
Prepaid Expenses and Deferred Charges-$12,365-
Total Assets$927,783$637,600▼ $290,183
Liabilities
Accounts Payable and Accrued Expenses$233,243$323,917▲ $90,674
Mortgage Notes Payable Secured by Investment Property$250,000$0▼ $250,000
Deferred Revenue$234,283$150,200▼ $84,083
Total Liabilities$717,526$474,117▼ $243,409
Net Assets / Fund Balance
Unrestricted Net Assets$210,257$163,483▼ $46,774
Total Net Assets Fund Balance$210,257$163,483▼ $46,774
Total Liabilities and Net Assets / Fund Balance$927,783$637,600▼ $290,183

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$365,981$25,897$391,878
Leasehold Improvements$10,428$679$11,107
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brooke BeaversHead of SchoolFT$42,889$2,385$45,274
Shy-quon ElyHead of SchoolFT$42,488$2,307$44,795
Kimberly BallinBusiness ManagerFT$26,415$2,671$29,086

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$4,918,421
Program Service Revenue
$0
Investment Income
$1,859
Other Revenue
$6,289
All Other Contributions
$35,299
Change in Net Assets
$-46,774

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,926,569
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,672,000
Total Revenue per Audited Statements
$6,598,569
Total Revenue per Form 990
$4,926,569
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,142,070
Other Expenses$1,831,273
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,296,925$309,590-$2,606,515
Fees for Services Other$540,926--$540,926
Office Expenses$291,740$15,354-$307,094
Payroll Taxes$226,866$30,955-$257,821
Other Employee Benefits$188,389$25,704-$214,093
Information Technology$81,158$4,272-$85,430
Pension Plan Contributions$56,000$7,641-$63,641
Other Expenses$55,319$8,681-$55,319
Depreciation Depletion$26,576--$26,576
All Other Expenses$11,620$11,620-$23,240
Insurance$21,027--$21,027
Travel$6,022$13,025-$19,047
Total Functional Expenses$4,546,501$426,842$0$4,973,343

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,645,343
Expenses per Audited Statements$4,973,343
Total Expenses per Form 990$4,973,343
Expenses Not Reported on Form 990$1,672,000
Expenses Not Reported on Financial Statements$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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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, Part VI, Section A, Line 2

The school's dean of acedemics is the spouse of a board member.

Form 990, Part VI, Section B, Line 11B

Copy of form 990 is emailed to the board officers for review and approval.

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

The board of directors may require the corporation's directors, officers, or employees to complete annually (or as otherwise scheduled by the board) a disclosure statement regarding any actual or potential conflict of interest described in the bylaws. The disclosure statement shall be in such form as may be prescribed by the board and may include information regarding a person's participation as a director, trustee, officer, or employee of any other nonprofit organization. The board of directors shall be responsible for oversight of all disclosures or failures to disclose and for taking appropriate action in the case of any actual or potential conflict of interest transaction.

Form 990, Part VI, Section B, Line 15

The process for the co-ceo's compensation package was done based on consultant information and support as well as the board of directors' approval. The process for compensation packages for other key employees are based on consultant information and support as well as the ceo's approval.

Form 990, Part VI, Section C, Line 19

Documents are in a binder for public view.

Filing and Contact Details

Filer

Filer Name
Ignite Achievement Academy
EIN
81-3711344
Phone
3172264242
Address
1002 W 25TH STREET, INDIANAPOLIS, IN 46208

Signing Officer

Name
Kim Ballin
Title
Business Manager
Phone
3172264242
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
April Hubbard
Formed
2016
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
265

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 that there are no material contingent tax liabilities or questionable tax positions. Since the school commenced operations in 2017, all tax years are open to audit for both federal and state purposes.

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IRS990/PensionPlanContributionsGrp/TotalAmt063641
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt090753
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt016077
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012365
IRS990/PrincipalOfficerNm0APRIL HUBBARD
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt00
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-46774
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06289
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt01672000
IRS990ScheduleD/DonatedServicesUseFcltsAmt01672000
IRS990ScheduleD/EquipmentGrp/BookValueAmt0365981
IRS990ScheduleD/EquipmentGrp/DepreciationAmt025897
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0391878
IRS990ScheduleD/ExpensesNotReportedAmt01672000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04973343
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt010428
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0679
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt011107
IRS990ScheduleD/RevenueNotReportedAmt01672000
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04926569
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 THAT THERE ARE NO MATERIAL CONTINGENT TAX LIABILITIES OR QUESTIONABLE TAX POSITIONS. SINCE THE SCHOOL COMMENCED OPERATIONS IN 2017, ALL TAX YEARS ARE OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0376409
IRS990ScheduleD/TotalExpensesPerForm990Amt04973343
IRS990ScheduleD/TotalRevenuePerForm990Amt04926569
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06598569
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06645343
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 NONDISCRIMINATION POLICY IS INCLUDED IN THE STUDENT/FAMILY AND EMPLOYEE HANDBOOKS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt14B - NO SCHOLARSHIPS OR FINANCIAL ASSISTANCE OFFERED.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION RECEIVES STATE AND FEDERAL FUNDS AS A PASS-THROUGH RECIPIENT FROM A PUBLIC SCHOOL CORPORATION WHOSE FUNDING IS ADMINISTERED BY THE STATE OF INDIANA.
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
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL'S DEAN OF ACEDEMICS IS THE SPOUSE OF A BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPY OF FORM 990 IS EMAILED TO THE BOARD OFFICERS FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS MAY REQUIRE THE CORPORATION'S DIRECTORS, OFFICERS, OR EMPLOYEES TO COMPLETE ANNUALLY (OR AS OTHERWISE SCHEDULED BY THE BOARD) A DISCLOSURE STATEMENT REGARDING ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST DESCRIBED IN THE BYLAWS. THE DISCLOSURE STATEMENT SHALL BE IN SUCH FORM AS MAY BE PRESCRIBED BY THE BOARD AND MAY INCLUDE INFORMATION REGARDING A PERSON'S PARTICIPATION AS A DIRECTOR, TRUSTEE, OFFICER, OR EMPLOYEE OF ANY OTHER NONPROFIT ORGANIZATION. THE BOARD OF DIRECTORS SHALL BE RESPONSIBLE FOR OVERSIGHT OF ALL DISCLOSURES OR FAILURES TO DISCLOSE AND FOR TAKING APPROPRIATE ACTION IN THE CASE OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS FOR THE CO-CEO'S COMPENSATION PACKAGE WAS DONE BASED ON CONSULTANT INFORMATION AND SUPPORT AS WELL AS THE BOARD OF DIRECTORS' APPROVAL. THE PROCESS FOR COMPENSATION PACKAGES FOR OTHER KEY EMPLOYEES ARE BASED ON CONSULTANT INFORMATION AND SUPPORT AS WELL AS THE CEO'S APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE IN A BINDER FOR PUBLIC VIEW.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0927783
IRS990/TotalAssetsEOYAmt0637600
IRS990/TotalAssetsGrp/BOYAmt0927783
IRS990/TotalAssetsGrp/EOYAmt0637600
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt04918421
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0426842
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04546501
IRS990/TotalFunctionalExpensesGrp/TotalAmt04973343
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0717526
IRS990/TotalLiabilitiesEOYAmt0474117
IRS990/TotalLiabilitiesGrp/BOYAmt0717526
IRS990/TotalLiabilitiesGrp/EOYAmt0474117
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0210257
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0163483
IRS990/TotalOtherCompensationAmt07363
IRS990/TotalProgramServiceExpensesAmt04546501
IRS990/TotalReportableCompFromOrgAmt0111792
IRS990/TotalRevenueGrp/ExclusionAmt01859
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06289
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04926569
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0265
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0927783
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0637600
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt013025
IRS990/TravelGrp/ProgramServicesAmt06022
IRS990/TravelGrp/TotalAmt019047
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0210257
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0163483
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01002 W 25TH STREET
IRS990/USAddress/CityNm0INDIANAPOLIS
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046208
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.IGNITEINDY.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KIM BALLIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BUSINESS MANAGER

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