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Nonprofiteer
← TINDLEY ACCELERATED SCHOOLS INC

Form 990 for tax year 2023

Filed by TINDLEY ACCELERATED SCHOOLS INC.

Totals

Total revenue
$16,006,022
Total expenses
$15,969,911
Contributions and grants received
$15,593,123
Grants paid
$0
Program service revenue
$87,861
Investment income
$115,165
Other revenue
$209,873
Total assets, end of year
$17,181,791
Total liabilities, end of year
$18,863,148
Net assets or fund balances, end of year
-$1,681,357
Program services expenses (Part IX)
$12,247,408
Management and general expenses
$3,722,503
Fundraising expenses
$0
Program service expenses (Part III)
$12,247,408

Program services were 76.7% 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.

  • 1c · Fundraising events

    $293,441

  • 1e · Government grants (contributions)

    $14,974,159

  • 1f · All other contributions, gifts and grants

    $325,523

  • 2a · Program service revenue: Other Program Service Revenue

    total $38,224 · related or exempt $38,224

  • 2b · Program service revenue: Student Fees

    total $27,688 · related or exempt $27,688

  • 2c · Program service revenue: Athletic Fees

    total $21,949 · related or exempt $21,949

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $115,165 · excluded $115,165

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $27,000

  • 8a · Fundraising events: contributions included on line 1c

    $293,441

  • 8b · Fundraising events: direct expenses

    $75,643

  • 8c · Net income from fundraising events

    total -$48,643 · excluded -$48,643

  • 11a · Other revenue: Insurance proceeds

    total $258,516 · excluded $258,516

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $258,516

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $355,834 · management and general $355,834

  • 7 · Other salaries and wages

    total $7,261,056 · program services $5,440,309 · management and general $1,820,747

  • 8 · Pension plan contributions

    total $73,988 · program services $32,237 · management and general $41,751

  • 9 · Other employee benefits

    total $666,304 · program services $534,959 · management and general $131,345

  • 10 · Payroll taxes

    total $555,046 · program services $400,321 · management and general $154,725

  • 11b · Fees: legal

    total $184,055 · management and general $184,055

  • 11c · Fees: accounting

    total $125,065 · management and general $125,065

  • 11g · Fees: other

    total $1,357,043 · program services $1,171,387 · management and general $185,656 · fundraising $0

  • 12 · Advertising and promotion

    total $30,379 · management and general $30,379

  • 13 · Office expenses

    total $145,213 · program services $127,381 · management and general $17,832

  • 14 · Information technology

    total $242,715 · program services $1,790 · management and general $240,925

  • 16 · Occupancy

    total $1,252,377 · program services $1,127,139 · management and general $125,238

  • 17 · Travel

    total $718,339 · program services $718,339

  • 20 · Interest

    total $693,466 · program services $624,119 · management and general $69,347

  • 22 · Depreciation, depletion and amortization

    total $586,777 · program services $528,099 · management and general $58,678

  • 23 · Insurance

    total $154,734 · program services $139,261 · management and general $15,473

  • 24a · Other expenses: Food Purchases

    total $752,516 · program services $742,274 · management and general $10,242

  • 24b · Other expenses: Operational Supplies & equipment

    total $622,358 · program services $570,536 · management and general $51,822

  • 24c · Other expenses: Dues & Fees

    total $120,222 · program services $16,833 · management and general $103,389

  • 24d · Other expenses: Dual Credit

    total $10,870 · program services $10,870

  • 24e · All other expenses

    total $61,554 · program services $61,554 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,952,926 · end of year $4,275,376

  • 3 · Pledges and grants receivable

    beginning of year $832,409 · end of year $929,058

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

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

    $17,934,834

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

    $5,957,477

  • 10c · Land, buildings and equipment, net

    beginning of year $12,471,698 · end of year $11,977,357

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $698,244 · end of year $456,069

  • 19 · Deferred revenue

    end of year $650,968

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $5,797,502 · end of year $5,499,382

  • 25 · Other liabilities

    beginning of year $12,479,900 · end of year $12,256,729

  • 27 · Net assets without donor restrictions

    beginning of year -$1,913,342 · end of year -$1,920,055

  • 28 · Net assets with donor restrictions

    beginning of year $194,729 · end of year $238,698

Mission and programs · 2023

Mission

Tindley Accelerated Schools offers a rigorous, college-preparatory program that seeks to challenge each one of its students to pursue education beyond high school. It is the early college program that allows Tindley students the opportunity to earn college credit while still enrolled in high school.

Activities or mission (Part I)

Tindley Accelerated Schools, in cooperation with its parents and the broader community, will empower its students - regardless of their past academic performance - to become successful learners who graduate with the capacity for rigorous college opportunities. Tindley Accelerated Schools will provide a powerful learning experience that intellectually engages, inspires, and spurs academic achievement through a challenging and interactive college-preparatory curriculum.

  • Tindley Accelerated Schools, Inc. (ganization") began operations in 2002 as the Charter for Accelerated Learning, Inc. to provide educational services including charter school management, turnaround school services, and education consulting. In 2004, the Organization launched the Charles A. Tindley Accelerated School as an open-enrollment charter school serving grades 6-12, and now currently serves grades 7-12. From the beginning, the organization's vision has been to ensure 100 percent of its students gain acceptance to a fully-accredited four-year college or university. With this in mind, every student is required to complete a rigorous high school program culminating in authentic college courses. Regardless of past academic performance, Tindley accepts every scholar who applies and encourages each to reach their full potential. In August 2014, the Organization opened Tindley Summit Academy serving as an open enrollment charter elementary school which currently educates children in kindergarten through sixth grade. In August 2015, the Organization opened Tindley Genesis Academy serving as an open enrollment charter elementary school which currently educates children in kindergarten through sixth grade. In 2017, the boys varsity basketball team made history in winning their first state championship. In the area of Math and Science, Charles A. Tindley Accelerated High School's Robotics team won the St. Joseph's District Highest Rookie Seed and Rookie All Star Honors in the 2017 FIRST Robotics competition. And in 2023, they competed in the FIRST World Championship in Houston after winning the 2023 District Event Championship and being recognized with the Judge's Engineering Inspiration Award. This competition featured teams from 30+ nations. Tindley continues to promote and grow its extra-curricular programs in conjunction with its rigorous academics: including, but limited to, athletics, band, theatre, a community garden, and an innovation lab. Enrollment for the 2023-2024 school year for each school was as follows: Charles A. Tindley Accelerated: 355 Tindley Summit Academy: 238 Tindley Genesis Academy: 388 Charles A. Tindley Accelerated School's 2024 senior class of 39 graduates was offered in excess of $1.5 million dollars in college scholarship funds and earned over 1,000 college credit hours while at Tindley. 100% of the 2024 graduating class received acceptance into at least one fully accredited four-year college or university, with a total of 191 acceptance letters.

    Expenses $12,247,408 · Revenue $87,861

As filed on the 2023 return.

Listed in Part VII

  • Domini Martin-Urban

    Board Secretary

    Total calculated
    $0
    Hours/week
    2

  • Hillary Butrick

    Board Chair

    Total calculated
    $0
    Hours/week
    4

  • Steve Sterret

    Board Treasurer

    Total calculated
    $0
    Hours/week
    4

  • Amar Patel

    Board Member (Begin 9/23)

    Total calculated
    $0
    Hours/week
    2

  • CJ McClanahan

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Darrell Burks

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • J Benjamin Ledo

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Jason Kashman

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Kathy Henke

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Luke Messer

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Meredith Walker

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Steven Jones

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Tag Birge

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • William Zink

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Jonathan Q Harris

    Network President

    Total calculated
    $96,973
    From this org
    $91,606
    From related orgs
    $0
    Other
    $5,367
    Hours/week
    40

  • Sandra Tresselt

    CFO

    Total calculated
    $231,126
    From this org
    $206,763
    From related orgs
    $0
    Other
    $24,363
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,787
    Bonus
    $700
    Other
    $276
    Deferred
    $10,085
    Nontaxable benefits
    $14,278
    Filer's total
    $231,126

  • Alan Smith

    Principal

    Total calculated
    $134,217
    From this org
    $115,637
    From related orgs
    $0
    Other
    $18,580
    Hours/week
    40

  • Cody Stanley

    Executive Director of Data & Technology

    Total calculated
    $130,324
    From this org
    $104,759
    From related orgs
    $0
    Other
    $25,565
    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

  • 3 · Approval by the board or compensation committee

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.

Provenance

Return type
form_990
Tax year
2023
Filed
30 April 2025
IRS schema version
2023v6.0
Source object
202531209349302753

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