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Nonprofiteer
← BELIEVE SCHOOLS INC

Form 990 for tax year 2023

Filed by BELIEVE SCHOOLS INC.

Totals

Total revenue
$5,054,208
Total expenses
$5,898,603
Contributions and grants received
$4,817,612
Grants paid
$0
Program service revenue
$24,219
Investment income
$151
Other revenue
$212,226
Total assets, end of year
$3,943,509
Total liabilities, end of year
$4,152,119
Net assets or fund balances, end of year
-$208,610
Program services expenses (Part IX)
$5,027,826
Management and general expenses
$870,777
Fundraising expenses
$0
Program service expenses (Part III)
$5,027,826

Program services were 85.2% 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)

    $3,897,082

  • 1f · All other contributions, gifts and grants

    $920,530

  • 2a · Program service revenue: STUDENT FEES

    total $24,219 · related or exempt $24,219

  • 3 · Investment income

    total $151 · excluded $151

  • 11a · Other revenue: INSURANCE CLAIMS INCOM

    total $206,246 · related or exempt $206,246

  • 11b · Other revenue: OTHER INCOME

    total $5,980 · related or exempt $5,980

  • 11e · Other revenue, total

    $212,226

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $400,000 · program services $317,432 · management and general $82,568

  • 7 · Other salaries and wages

    total $1,671,615 · program services $1,326,558 · management and general $345,057

  • 8 · Pension plan contributions

    total $32,300 · program services $22,806 · management and general $9,494

  • 9 · Other employee benefits

    total $193,919 · program services $136,921 · management and general $56,998

  • 10 · Payroll taxes

    total $171,200 · program services $120,880 · management and general $50,320

  • 11a · Fees: management

    total $13,955 · management and general $13,955

  • 11b · Fees: legal

    total $2,045 · program services $2,045

  • 11c · Fees: accounting

    total $94,205 · management and general $94,205

  • 11g · Fees: other

    total $1,008,583 · program services $967,944 · management and general $40,639

  • 12 · Advertising and promotion

    total $4,208 · management and general $4,208

  • 13 · Office expenses

    total $310,083 · program services $271,972 · management and general $38,111

  • 14 · Information technology

    total $545,237 · program services $448,967 · management and general $96,270

  • 16 · Occupancy

    total $464,941 · program services $464,941

  • 17 · Travel

    total $74,076 · program services $47,476 · management and general $26,600

  • 20 · Interest

    total $175,684 · program services $175,684

  • 22 · Depreciation, depletion and amortization

    total $195,193 · program services $195,193

  • 23 · Insurance

    total $54,497 · program services $54,497

  • 24a · Other expenses: FOOD COSTS

    total $264,861 · program services $264,861

  • 24b · Other expenses: TRANSPORTATION

    total $181,709 · program services $181,709

  • 24c · Other expenses: PROFESSIONAL DEVELOPMEN

    total $24,518 · program services $24,518

  • 24d · Other expenses: DUES AND FEES

    total $15,774 · program services $3,422 · management and general $12,352

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $39,084 · end of year $32,477

  • 2 · Savings and temporary cash investments

    beginning of year $1,000,669 · end of year $525,805

  • 3 · Pledges and grants receivable

    beginning of year $134,363 · end of year $150,798

  • 4 · Accounts receivable

    end of year $15,332

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,345 · end of year $19,941

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

    $3,630,400

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

    $431,244

  • 10c · Land, buildings and equipment, net

    beginning of year $3,174,425 · end of year $3,199,156

  • 17 · Accounts payable and accrued expenses

    beginning of year $523,459 · end of year $678,539

  • 23 · Secured mortgages and notes payable

    beginning of year $3,237,142 · end of year $3,192,295

  • 25 · Other liabilities

    beginning of year $0 · end of year $281,285

  • 27 · Net assets without donor restrictions

    beginning of year $595,285 · end of year -$208,610

Mission and programs · 2023

Mission

BELIEVE CIRCLE CITY HIGH SCHOOL IS A PUBLIC COLLEGE AND CAREER PREPARATORY HIGH SCHOOL DEDICATED TO THE ACHIEVEMENT OF STUDENTS IN THE INDIANAPOLIS AREA. OUR MISSION IS TO DEVELOP STUDENTS INTO LEADERS THROUGH A COMMUNITY THAT FOSTERS THEIR AGENCY, AUTONOMY, AND ACCELERATION PROVIDING A FOUNDATION FOR FUTURE INDEPENDENCE AND SUCCESS.

  • DUAL ENROLLMENT PROGRAMS OFFERED THROUGH IVY TECH COMMUNITY COLLEGE AND MARIAN UNIVERSITY PROVIDE HIGH SCHOOL STUDENTS THE OPPORTUNITY TO EARN COLLEGE CREDITS WHILE COMPLETING THEIR HIGH SCHOOL EDUCATION. SERVING OVER 200 STUDENTS ANNUALLY, THESE PROGRAMS FOCUS ON ACADEMIC ADVANCEMENT AND CAREER READINESS. STUDENTS CAN TAKE COURSES IN A VARIETY OF DISCIPLINES, INCLUDING GENERAL EDUCATION, TECHNICAL SKILLS, AND SPECIALIZED FIELDS, WHICH ALIGN WITH THEIR POSTSECONDARY GOALS. BOTH INSTITUTIONS ENSURE RIGOROUS COURSEWORK, FLEXIBLE SCHEDULING, AND SUPPORT SERVICES TO HELP STUDENTS SUCCEED. THIS INITIATIVE EMPOWERS STUDENTS TO SAVE TIME AND REDUCE COSTS ON THEIR HIGHER EDUCATION JOURNEY.

    Expenses $5,027,826 · Revenue $236,445

  • DUAL ENROLLMENT PROGRAMS OFFERED THROUGH PARTNERSHIPS WITH THE MINORITY CONTRACTORS COLLABORATION, COSMETOLOGY PROGRAMS, MESSER CONSTRUCTION, AND OTHER ORGANIZATIONS PROVIDE STUDENTS WITH HANDS-ON CAREER AND TECHNICAL EDUCATION OPPORTUNITIES. THESE PROGRAMS SERVE OVER 50 STUDENTS ANNUALLY, FOCUSING ON EQUIPPING THEM WITH INDUSTRY-RELEVANT SKILLS AND CERTIFICATIONS WHILE EARNING HIGH SCHOOL AND COLLEGE CREDITS. THE MINORITY CONTRACTORS COLLABORATION AND MESSER CONSTRUCTION PROGRAMS EMPHASIZE TRAINING IN CONSTRUCTION AND SKILLED TRADES, FOSTERING PATHWAYS INTO LUCRATIVE INDUSTRIES. COSMETOLOGY PROGRAMS PROVIDE STUDENTS WITH THE FOUNDATIONAL SKILLS AND HOURS REQUIRED FOR LICENSING. THESE INITIATIVES PREPARE STUDENTS FOR IMMEDIATE ENTRY INTO THE WORKFORCE OR FURTHER EDUCATION, PROMOTING CAREER READINESS AND ECONOMIC MOBILITY.

  • COUNSELING AND THERAPY PROGRAMS PROVIDED THROUGH PARTNERSHIPS WITH ONE SENSIBLE SOLUTION, OPEN SEAT, AND SIMILAR ORGANIZATIONS DELIVER CRITICAL MENTAL HEALTH AND LIFE COACHING SERVICES TO STUDENTS. OVER 50% OF PARTICIPATING STUDENTS RECEIVE WEEKLY SESSIONS TAILORED TO THEIR INDIVIDUAL NEEDS, FOCUSING ON PERSONAL GROWTH, EMOTIONAL REGULATION, AND RESILIENCE. THESE PROGRAMS AIM TO SUPPORT STUDENTS' OVERALL WELL-BEING, ADDRESSING CHALLENGES SUCH AS STRESS, TRAUMA, AND SOCIAL-EMOTIONAL DEVELOPMENT. WITH PROFESSIONAL COUNSELORS AND THERAPISTS, THESE INITIATIVES FOSTER A SUPPORTIVE ENVIRONMENT THAT EMPOWERS STUDENTS TO THRIVE ACADEMICALLY AND PERSONALLY.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kimberly Neal-Brannum

    EXECUTIVE DIRECTOR

    Total calculated
    $161,142
    From this org
    $154,736
    From related orgs
    $0
    Other
    $6,406
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,736
    Bonus
    $0
    Other
    $0
    Deferred
    $4,642
    Nontaxable benefits
    $1,764
    Filer's total
    $161,142

  • Kaitlyn Reimer

    CHIEF ACADEMIC OFFICER

    Total calculated
    $116,533
    From this org
    $113,139
    From related orgs
    $0
    Other
    $3,394
    Hours/week
    40

  • Patrick Jones

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Haley Harshman

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Latonya Turner

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Jennifer Fulk

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Marques Whitmire

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Bunmi Akintomide

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Andre Bennin

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Derek Dennis

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Christl Glier

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Alicia Hervey

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

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

  • 3 · Written employment contract
  • 3 · Compensation survey or study

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BUILD BELIEVE PROPERTIES LLC

    FACILITY HOLDING COMPANY · IN · income $162,173 · assets $2,930,637

    Directly controlled by BELIEVE CIRCLE CITY HIGH SCHOOL INC

Provenance

Return type
form_990
Tax year
2023
Filed
18 April 2025
IRS schema version
2023v6.0
Source object
202511129349300906

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