Civic Intelligence

Allegiant Preparatory Academy

990 • Fiscal year 2018 • EIN 81-3719222

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

3125 Concord CT Ste BIndianapolis, IN 46222

(317) 489-6877

Siviq Scores

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

Liabilities / Assets

88th percentile

0.38x

Higher debt load relative to assets than 88% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

97th percentile

1.84x

Higher debt load relative to revenue than 97% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

8th percentile

-52%

Higher net margin than 8% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

90th percentile

$42,500

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 80.1% of source-year revenue.

2018 filings • 501(c)3 • <$500k 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

$255,459

No earlier filing loaded for comparison.

Net Assets

$157,768

No earlier filing loaded for comparison.

Liabilities

$97,691

No earlier filing loaded for comparison.

Revenue

$53,045

No earlier filing loaded for comparison.

Expenses

$80,723

No earlier filing loaded for comparison.

Net Income

-$27,678

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: $255,459Liabilities 2018: $97,691Net Assets 2018: $157,7682018Assets 2019: $246,231Liabilities 2019: $136,549Net Assets 2019: $109,6822019Assets 2020: $414,541Liabilities 2020: $175,607Net Assets 2020: $238,9342020Assets 2021: $562,165Liabilities 2021: $92,792Net Assets 2021: $469,3732021Assets 2022: $635,202Liabilities 2022: $68,839Net Assets 2022: $566,3632022Assets 2023: $1,653,221Liabilities 2023: $738,879Net Assets 2023: $914,3422023Assets 2024: $1,990,533Liabilities 2024: $835,617Net Assets 2024: $1,154,9162024Assets 2025: $2,027,555Liabilities 2025: $609,189Net Assets 2025: $1,418,3662025

Highlighted filing

2018

Assets$255,459
Liabilities$97,691
Net Assets$157,768

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2018: $53,045Expenses 2018: $80,723Net Income 2018: -$27,6782018Revenue 2019: $599,098Expenses 2019: $726,416Net Income 2019: -$127,3182019Revenue 2020: $1,217,935Expenses 2020: $1,061,492Net Income 2020: $156,4432020Revenue 2021: $1,413,164Expenses 2021: $1,182,725Net Income 2021: $230,4392021Revenue 2022: $1,547,511Expenses 2022: $1,450,521Net Income 2022: $96,9902022Revenue 2023: $2,144,912Expenses 2023: $1,796,933Net Income 2023: $347,9792023Revenue 2024: $2,564,344Expenses 2024: $2,323,770Net Income 2024: $240,5742024Revenue 2025: $2,768,474Expenses 2025: $2,505,024Net Income 2025: $263,4502025

Highlighted filing

2018

Revenue$53,045
Expenses$80,723
Net Income-$27,678
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$53,045
Mission and Program Overview

Mission

Allegiant preparatory academy educates all students in grades k-8 with rigorous academics, character development, and a commitment to community necessary for college success and a life of positive action.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$239,999-
Rtn Earn Endowment Incm Other Fnds$0$157,768▲ $157,768
Land, Buildings, and Equipment, Net$0$15,460▲ $15,460
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$255,459▲ $255,459
Liabilities
Other Liabilities$0$95,000▲ $95,000
Accounts Payable and Accrued Expenses-$2,691-
Total Liabilities$0$97,691▲ $97,691
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$157,768▲ $157,768
Total Liabilities and Net Assets / Fund Balance$0$255,459▲ $255,459

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,117$15,177$25,294
Other Land Buildings$5,343$7,126$12,469
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rick AndersonHead of SchoolFT$42,500$42,500

Board Members and Trustees

NameTitle
Alyssa HowardBoard Chair
Carlton MartinVice Chair
Charlie SchlegelBoard Member
Keeanna WarrenBoard Member
Terrell SarverBoard Treasurer
Brandon LindsaySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$53,019
Program Service Revenue
$0
Investment Income
$26
Other Revenue
$0
All Other Contributions
$417
Change in Net Assets
$-27,678
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$58,329
Salaries, Compensation, and Employee Benefits$22,394
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$22,303--$22,303
Other Salaries and Wages$9,819$10,984-$20,803
Information Technology$11,067--$11,067
Insurance$6,324--$6,324
Occupancy$3,908--$3,908
Fees for Services Legal$3,750--$3,750
Fees for Services Accounting$3,448--$3,448
Office Expenses$3,413--$3,413
Payroll Taxes$751$840-$1,591
Advertising$725--$725
Other Expenses$373--$373
Total Functional Expenses$68,899$11,824$0$80,723
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

Other Reported Liabilities

LiabilityAmount
Iff Loan Repayment$95,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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 head of school and operations manager are husband and wife.

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

The form 990 is submitted to the board members for review before filing.

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

For purposes of this conflict of interest policy, the term family members shall be defined as any of the following: husband, wife, son, son-in-law, daughter, daughter-in-law, father, father-in-law, mother, mother-in-law, brother, brother-in-law, sister, sister-in-law, grandparents, and grandchildren. 1. Board members shall serve without compensation, but may be reimbursed, with prior approval, for any necessary expenses incurred by them in performing their duties as members of the board. 2. Any contract with the school involving a member of the board, the board member's family, or the board member's place of work shall be considered by the full board with the interested member abstaining. Each board member is responsible to make known to the board any circumstances that could involve a potential conflict of interest. 3. Salary and other remuneration received from the school by ex-officio board members shall not be considered a conflict of interest for the purposes of this policy. However, ex-officio members shall abstain from votes involving the level of such remuneration. 4. A full conflict of interest policy containing board member signatures shall be on file at all times.

Form 990, Part VI, Section B, Line 15

The budget and salaries for each year are approved by the finance committee and submitted for board approval before july each year. My salary is determined based on market comparison for building level administrators and job responsibilities. The annual head of school evaluation is conducted by a board created committee to assess my overall effectiveness and areas of growth. The evaluation is also considered when determining a renewed hos letter of agreement and compensation.

Form 990, Part VI, Section C, Line 19

All governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Allegiant Preparatory Academy
EIN
81-3719222
Phone
3174896877
Address
3125 CONCORD CT STE B, INDIANAPOLIS, IN 46222

Signing Officer

Name
Rick Anderson
Title
Head of School
Phone
3174896877
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rick Anderson
Formed
2016
Legal Domicile
In
Voting Board Members
6
Independent Board Members
0
Employees
1
Volunteers
0

Preparer

Firm
Donovan Pc
Address
5151 E US HWY 36, AVON, IN 46123
Preparer
Jeffrey M Donovan CPA Cva Maff
Phone
3177456411
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE HEAD OF SCHOOL AND OPERATIONS MANAGER ARE HUSBAND AND WIFE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS SUBMITTED TO THE BOARD MEMBERS FOR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FOR PURPOSES OF THIS CONFLICT OF INTEREST POLICY, THE TERM FAMILY MEMBERS SHALL BE DEFINED AS ANY OF THE FOLLOWING: HUSBAND, WIFE, SON, SON-IN-LAW, DAUGHTER, DAUGHTER-IN-LAW, FATHER, FATHER-IN-LAW, MOTHER, MOTHER-IN-LAW, BROTHER, BROTHER-IN-LAW, SISTER, SISTER-IN-LAW, GRANDPARENTS, AND GRANDCHILDREN. 1. BOARD MEMBERS SHALL SERVE WITHOUT COMPENSATION, BUT MAY BE REIMBURSED, WITH PRIOR APPROVAL, FOR ANY NECESSARY EXPENSES INCURRED BY THEM IN PERFORMING THEIR DUTIES AS MEMBERS OF THE BOARD. 2. ANY CONTRACT WITH THE SCHOOL INVOLVING A MEMBER OF THE BOARD, THE BOARD MEMBER'S FAMILY, OR THE BOARD MEMBER'S PLACE OF WORK SHALL BE CONSIDERED BY THE FULL BOARD WITH THE INTERESTED MEMBER ABSTAINING. EACH BOARD MEMBER IS RESPONSIBLE TO MAKE KNOWN TO THE BOARD ANY CIRCUMSTANCES THAT COULD INVOLVE A POTENTIAL CONFLICT OF INTEREST. 3. SALARY AND OTHER REMUNERATION RECEIVED FROM THE SCHOOL BY EX-OFFICIO BOARD MEMBERS SHALL NOT BE CONSIDERED A CONFLICT OF INTEREST FOR THE PURPOSES OF THIS POLICY. HOWEVER, EX-OFFICIO MEMBERS SHALL ABSTAIN FROM VOTES INVOLVING THE LEVEL OF SUCH REMUNERATION. 4. A FULL CONFLICT OF INTEREST POLICY CONTAINING BOARD MEMBER SIGNATURES SHALL BE ON FILE AT ALL TIMES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BUDGET AND SALARIES FOR EACH YEAR ARE APPROVED BY THE FINANCE COMMITTEE AND SUBMITTED FOR BOARD APPROVAL BEFORE JULY EACH YEAR. MY SALARY IS DETERMINED BASED ON MARKET COMPARISON FOR BUILDING LEVEL ADMINISTRATORS AND JOB RESPONSIBILITIES. THE ANNUAL HEAD OF SCHOOL EVALUATION IS CONDUCTED BY A BOARD CREATED COMMITTEE TO ASSESS MY OVERALL EFFECTIVENESS AND AREAS OF GROWTH. THE EVALUATION IS ALSO CONSIDERED WHEN DETERMINING A RENEWED HOS LETTER OF AGREEMENT AND COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
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/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt0255459
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0255459
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt053019
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011824
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt068899
IRS990/TotalFunctionalExpensesGrp/TotalAmt080723
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt097691
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt097691
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0157768
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt068899
IRS990/TotalReportableCompFromOrgAmt042500
IRS990/TotalRevenueGrp/ExclusionAmt026
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt053045
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0255459
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03125 CONCORD CT STE B
IRS990/USAddress/CityNm0INDIANAPOLIS
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046222
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0ALLEGIANTPREP.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RICK ANDERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOL
ReturnHeader/BusinessOfficerGrp/PhoneNum03174896877
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALLEGIANT PREPARATORY ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0ALLE
ReturnHeader/Filer/EIN0813719222
ReturnHeader/Filer/PhoneNum03174896877
ReturnHeader/Filer/USAddress/AddressLine1Txt03125 CONCORD CT STE B
ReturnHeader/Filer/USAddress/CityNm0INDIANAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046222
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId08C65E6A10BEE2D58982EE0E370A1E3A8A314F727
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C61F94137DE43BD871D359902D4E9BBF24EE65CE
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt097.78.71.106
ReturnHeader/FilingSecurityInformation/IPDt02019-05-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm009:25:04
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351356555
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DONOVAN PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05151 E US HWY 36
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AVON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046123
ReturnHeader/PreparerPersonGrp/PhoneNum03177456411
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY M DONOVAN CPA CVA MAFF
ReturnHeader/ReturnTs02019-05-15T07:54:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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