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Nonprofiteer
← AVONDALE MEADOWS ACADEMY INC

Form 990 for tax year 2023

Filed by AVONDALE MEADOWS ACADEMY INC.

Totals

Total revenue
$23,578,579
Total expenses
$15,938,509
Contributions and grants received
$23,524,880
Grants paid
$0
Program service revenue
$42,520
Investment income
$0
Other revenue
$11,179
Total assets, end of year
$30,978,350
Total liabilities, end of year
$20,647,201
Net assets or fund balances, end of year
$10,331,149
Program services expenses (Part IX)
$11,118,425
Management and general expenses
$4,675,758
Fundraising expenses
$144,326
Program service expenses (Part III)
$11,118,425

Program services were 69.8% 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

    $266,005

  • 1e · Government grants (contributions)

    $14,992,775

  • 1f · All other contributions, gifts and grants

    $8,266,100

  • 2a · Program service revenue: STUDENT FEES

    total $42,520 · related or exempt $42,520

  • 8a · Fundraising events: gross income

    $4,200

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

    $266,005

  • 8b · Fundraising events: direct expenses

    $36,080

  • 8c · Net income from fundraising events

    total -$31,880 · excluded -$31,880

  • 11a · Other revenue: MISCELLANEOUS

    total $43,059 · related or exempt $43,059

  • 11e · Other revenue, total

    $43,059

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $214,579 · program services $141,622 · management and general $70,811 · fundraising $2,146

  • 7 · Other salaries and wages

    total $7,858,241 · program services $5,048,080 · management and general $2,668,981 · fundraising $141,180

  • 8 · Pension plan contributions

    total $393,176 · program services $224,625 · management and general $168,551

  • 9 · Other employee benefits

    total $869,224 · program services $533,512 · management and general $335,712

  • 10 · Payroll taxes

    total $590,204 · program services $390,755 · management and general $199,449

  • 11b · Fees: legal

    total $15,565 · management and general $15,565

  • 11c · Fees: accounting

    total $147,600 · management and general $147,600

  • 11g · Fees: other

    total $1,357,436 · program services $582,256 · management and general $775,180

  • 13 · Office expenses

    total $609,462 · program services $315,553 · management and general $293,909

  • 14 · Information technology

    total $134,404 · program services $134,404

  • 16 · Occupancy

    total $533,634 · program services $533,634

  • 20 · Interest

    total $1,064,126 · program services $1,064,126

  • 22 · Depreciation, depletion and amortization

    total $738,256 · program services $738,256

  • 24a · Other expenses: FOOD SERVICE

    total $869,809 · program services $869,809

  • 24b · Other expenses: OTHER

    total $248,339 · program services $247,339 · fundraising $1,000

  • 24c · Other expenses: EXTRA CURRICULAR

    total $246,113 · program services $246,113

  • 24d · Other expenses: TELEPHONE

    total $26,251 · program services $26,251

  • 24e · All other expenses

    total $22,090 · program services $22,090

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $902,097 · end of year $1,442,441

  • 2 · Savings and temporary cash investments

    beginning of year $2,619,300 · end of year $2,797,290

  • 3 · Pledges and grants receivable

    beginning of year $1,178,159 · end of year $362,020

  • 9 · Prepaid expenses and deferred charges

    beginning of year $152,149 · end of year $141,468

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

    $23,256,776

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

    $6,653,375

  • 10c · Land, buildings and equipment, net

    beginning of year $16,850,587 · end of year $16,603,401

  • 11 · Investments: publicly traded securities

    beginning of year $1,693,805 · end of year $1,766,440

  • 15 · Other assets

    beginning of year $146,303 · end of year $7,865,290

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,482,295 · end of year $1,430,657

  • 20 · Tax-exempt bond liabilities

    beginning of year $19,477,199 · end of year $19,118,359

  • 25 · Other liabilities

    beginning of year $146,303 · end of year $98,185

  • 27 · Net assets without donor restrictions

    beginning of year $1,716,936 · end of year $1,957,614

  • 28 · Net assets with donor restrictions

    beginning of year $719,667 · end of year $8,373,535

Mission and programs · 2023

Mission

SEE PART I, LINE 1

Activities or mission (Part I)

SEE SCHEDULE OUNITED SCHOOLS OF INDIANAPOLIS (USI) IS A NETWORK OF TUITION-FREE PUBLIC CHARTER SCHOOLS FOUNDED ON THE CORE KNOWLEDGE CURRICULUM. THE SCHOOLS ARE OPEN TO ALL STUDENTS. THE CORE FOCUS IS TO PROVIDE AN OUTSTANDING EDUCATION FOR OUR CHILDREN EQUIPPING THEM WITH THE KNOWLEDGE, WISDOM, CORE VALUES, AND BEHAVIORS TO BE SUCCESSFUL IN LIFE.

  • AVONDALE MEADOWS ACADEMY, INC. DBA UNITED SCHOOLS OF INDIANAPOLIS (USI) OPERATES THREE CHARTER SCHOOLS IN INDIANAPOLIS, INDIANA. THE FIRST, AVONDALE MEADOWS ACADEMY ("AMA"), WAS FOUNDED TO SERVE STUDENTS IN THE AVONDALE MEADOWS COMMUNITY OF INDIANAPOLIS WHO OTHERWISE DID NOT HAVE ACCESS TO QUALITY PUBLIC SCHOOLS. IT OPENED IN 2006 UNDER THE NAME CHALLENGE FOUNDATION ACADEMY. IN SPRING 2014, AMA CHANGED THE NAME TO AVONDALE MEADOWS ACADEMY TO REFLECT THE TIES TO THE LOCAL COMMUNITY. AMA IN GRADES K-5. IN FALL 2014, USI OPENED A SECOND SCHOOL, VISION ACADEMY @ RIVERSIDE ("VAR"), ON THE WEST SIDE OF INDIANAPOLIS. VAR SERVES GRADES K - 8 AND IS NEAR ITS CAPACITY OF 460 STUDENTS. IN FALL 2017, USI OPENED AVONDALE MEADOWS MIDDLE SCHOOL (AMM) IN AN EXPANSION TO THE CURRENT AMA FACILITY. AMMS HAS THE CAPACITY TO SERVE 300 STUDENTS IN GRADES 6-8. CURRENTLY, THEIR ENROLLMENT IS 165.ALL USI SCHOOLS ARE TUITION-FREE QUALITY PUBLIC CHARTER SCHOOLS AND THEIR WORK IS DRIVEN BY THEIR MISSION TO ENSURE EVERY STUDENT REALIZES THEIR FULL POTENTIAL BY PROVIDING EACH STUDENT WITH WHAT HE/SHE NEEDS TO BE SUCCESSFUL.

    Expenses $11,118,425 · Revenue $42,520

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

Listed in Part VII

  • Aaron Williamson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Abby McDonough

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Will Zink

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jetta Vaughn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jacob Crouch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill Harris

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Madeline Priest

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael North

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mike Mason

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sarah Lofton

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Ross Ridge

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kelly Herron

    EXECUTIVE DIRECTOR

    Total calculated
    $205,789
    From this org
    $183,328
    From related orgs
    $0
    Other
    $22,461
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,328
    Bonus
    $0
    Other
    $0
    Deferred
    $11,538
    Nontaxable benefits
    $10,923
    Filer's total
    $205,789

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 · 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
10 April 2025
IRS schema version
2023v6.0
Source object
202511089349300701

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