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← PHALEN LEADERSHIP ACADEMIES INDIANA

Form 990 for tax year 2022

Filed by PHALEN LEADERSHIP ACADEMIES INDIANA.

Totals

Total revenue
$46,371,047
Total expenses
$47,082,345
Contributions and grants received
$33,471,493
Grants paid
$0
Program service revenue
$11,201,661
Investment income
$263
Other revenue
$1,697,630
Total assets, end of year
$29,834,358
Total liabilities, end of year
$18,053,738
Net assets or fund balances, end of year
$11,780,620
Program services expenses (Part IX)
$31,289,853
Management and general expenses
$15,792,492
Fundraising expenses
$0
Program service expenses (Part III)
$31,289,853

Program services were 66.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $14,624,106

  • 1f · All other contributions, gifts and grants

    $18,847,387

  • 2a · Program service revenue: STUDENT EDUCATION

    total $11,201,661 · related or exempt $11,201,661

  • 3 · Investment income

    total $263 · excluded $263

  • 11a · Other revenue: OTHER INCOME

    total $1,697,630 · related or exempt $1,697,630

  • 11e · Other revenue, total

    $1,697,630

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $293,603 · program services $293,603

  • 7 · Other salaries and wages

    total $18,785,918 · program services $15,030,495 · management and general $3,755,423

  • 8 · Pension plan contributions

    total $1,036,672 · program services $834,553 · management and general $202,119

  • 9 · Other employee benefits

    total $3,051,287 · program services $2,382,148 · management and general $669,139

  • 10 · Payroll taxes

    total $1,582,675 · program services $1,247,107 · management and general $335,568

  • 11c · Fees: accounting

    total $174,027 · management and general $174,027

  • 11g · Fees: other

    total $2,118,297 · program services $1,858,705 · management and general $259,592

  • 12 · Advertising and promotion

    total $26,912 · program services $26,907 · management and general $5

  • 14 · Information technology

    total $10,611,982 · program services $1,353,995 · management and general $9,257,987

  • 16 · Occupancy

    total $1,008,219 · program services $1,005,046 · management and general $3,173

  • 17 · Travel

    total $21,766 · management and general $21,766

  • 20 · Interest

    total $229,592 · management and general $229,592

  • 22 · Depreciation, depletion and amortization

    total $495,518 · program services $495,518

  • 23 · Insurance

    total $432,361 · management and general $432,361

  • 24a · Other expenses: MATERIALS AND SUPPLIES

    total $2,806,367 · program services $2,627,392 · management and general $178,975

  • 24b · Other expenses: NUTRITIONAL SUPPORT

    total $2,510,934 · program services $2,510,934

  • 24c · Other expenses: PROGRAM TRANSPORTATION

    total $1,260,023 · program services $1,260,023

  • 24d · Other expenses: PROFESSIONAL DEVELOPMEN

    total $298,941 · program services $95,504 · management and general $203,437

  • 24e · All other expenses

    total $337,251 · program services $267,923 · management and general $69,328

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,234,731 · end of year $1,308,309

  • 3 · Pledges and grants receivable

    beginning of year $2,549,034 · end of year $5,674,290

  • 4 · Accounts receivable

    beginning of year $5,233,252 · end of year $10,762,647

  • 10a · Land, buildings and equipment: cost or other basis

    $14,086,752

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,314,417

  • 10c · Land, buildings and equipment, net

    beginning of year $10,261,803 · end of year $9,772,335

  • 15 · Other assets

    beginning of year $1,000,000 · end of year $2,316,777

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,774,346 · end of year $4,699,961

  • 23 · Secured mortgages and notes payable

    beginning of year $6,427,276 · end of year $6,051,495

  • 25 · Other liabilities

    beginning of year $0 · end of year $7,302,282

  • 27 · Net assets without donor restrictions

    beginning of year $12,077,198 · end of year $11,303,070

  • 28 · Net assets with donor restrictions

    end of year $477,550

Mission and programs · 2022

Mission

TO ENSURE EACH SCHOLAR ENROLLED MEETS HIGH ACADEMIC AND SOCIAL STANDARDS, AND THRIVES AS LEADERS AT HOME, IN THEIR COMMUNITIES, AND IN THE WORLD. THE ULTIMATE GOAL IS THAT EACH SCHOLAR MASTER KEY ACADEMIC SKILLS AND DEMONSTRATE STRONG CHARACTER, AS EXHIBITED BY: HONESTY, SERVICE TO OTHERS, A SUPERIOR WORK ETHIC, AND A STRONG VISION FOR AND BELIEF IN THEIR FUTURES.

  • PHALEN LEADERSHIP ACADEMY EDUCATES FUTURE LEADERS BASED ON THE FOLLOWING PRINCIPLES: EXCEPTIONAL TEACHERS AND SCHOOL LEADERS, PARTNERSHIPS WITH PARENTS, INNOVATIVE USE OF TECHNOLOGY TO SUPPLEMENT TEACHER INSTRUCTION, DIFFERENTIATED INSTRUCTION AND ONGOING ASSESSMENT TO MEASURE PROGRESS.

    Expenses $31,289,853 · Revenue $12,899,291

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kristopher Kingery

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.8

  • Marlin Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.8

  • Earl Martin Phalen

    DIRECTOR/CEO

    Total calculated
    $153,510
    From this org
    $0
    From related orgs
    $153,510
    Other
    $0
    Hours/week
    0.8 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $153,510 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $153,510 related

  • Jim Phalen

    DIRECTOR/TREASURER

    Total calculated
    $0
    Hours/week
    0.8

  • Dr Fernando Reimers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.8

  • Nicole Fama

    REGIONAL DIRECTOR

    Total calculated
    $157,382
    From this org
    $155,354
    From related orgs
    $0
    Other
    $2,028
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,304
    Bonus
    $3,250
    Other
    $800
    Deferred
    $0
    Nontaxable benefits
    $2,028
    Filer's total
    $157,382

  • Tora Townsend

    PRINCIPAL

    Total calculated
    $122,209
    From this org
    $120,181
    From related orgs
    $0
    Other
    $2,028
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SEABURY CHARTER LLC

    C · REAL ESTATE/FINANCE · MA

    Directly controlled by JAMES S PHALEN

Provenance

Return type
form_990
Tax year
2022
Filed
8 May 2024
IRS schema version
2022v5.0
Source object
202401319349304600

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