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← TINDLEY ACCELERATED SCHOOLS INC

Form 990 for tax year 2024

Filed by TINDLEY ACCELERATED SCHOOLS INC.

Totals

Total revenue
$15,587,910
Total expenses
$14,789,112
Contributions and grants received
$15,037,960
Grants paid
$0
Program service revenue
$184,937
Investment income
$124,467
Other revenue
$240,546
Total assets, end of year
$16,902,738
Total liabilities, end of year
$17,785,297
Net assets or fund balances, end of year
-$882,559
Program services expenses (Part IX)
$10,726,844
Management and general expenses
$4,062,268
Fundraising expenses
$0
Program service expenses (Part III)
$10,726,844

Program services were 72.5% 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.

  • 1c · Fundraising events

    $298,393

  • 1e · Government grants (contributions)

    $13,958,056

  • 1f · All other contributions, gifts and grants

    $781,511

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

    total $137,267 · related or exempt $137,267

  • 2b · Program service revenue: Student Fees

    total $29,743 · related or exempt $29,743

  • 2c · Program service revenue: Athletic Fees

    total $17,927 · related or exempt $17,927

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $124,467 · excluded $124,467

  • 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

    $20,200

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

    $298,393

  • 8b · Fundraising events: direct expenses

    $99,860

  • 8c · Net income from fundraising events

    total -$79,660 · excluded -$79,660

  • 11a · Other revenue: Insurance proceeds

    total $320,206 · excluded $320,206

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $320,206

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $413,862 · program services $168,815 · management and general $245,047

  • 7 · Other salaries and wages

    total $6,621,503 · program services $4,858,548 · management and general $1,762,955

  • 8 · Pension plan contributions

    total $88,462 · program services $34,576 · management and general $53,886

  • 9 · Other employee benefits

    total $669,655 · program services $492,531 · management and general $177,124

  • 10 · Payroll taxes

    total $517,431 · program services $358,487 · management and general $158,944

  • 11b · Fees: legal

    total $73,185 · management and general $73,185

  • 11c · Fees: accounting

    total $287,834 · management and general $287,834

  • 11g · Fees: other

    total $1,037,123 · program services $829,503 · management and general $207,620 · fundraising $0

  • 12 · Advertising and promotion

    total $30,107 · management and general $30,107

  • 13 · Office expenses

    total $173,629 · program services $164,074 · management and general $9,555

  • 14 · Information technology

    total $168,242 · program services $6,904 · management and general $161,338

  • 16 · Occupancy

    total $1,211,499 · program services $1,101,615 · management and general $109,884

  • 17 · Travel

    total $264,703 · program services $264,703

  • 20 · Interest

    total $677,877 · program services $621,169 · management and general $56,708

  • 22 · Depreciation, depletion and amortization

    total $592,437 · program services $12,292 · management and general $580,145

  • 23 · Insurance

    total $175,451 · program services $155,180 · management and general $20,271

  • 24a · Other expenses: Food Purchases

    total $1,016,455 · program services $972,941 · management and general $43,514

  • 24b · Other expenses: Operational Supplies & equipment

    total $330,336 · program services $330,336

  • 24c · Other expenses: Curriculum

    total $299,692 · program services $299,692

  • 24d · Other expenses: Dues & Fees

    total $99,086 · program services $14,935 · management and general $84,151

  • 24e · All other expenses

    total $40,543 · program services $40,543 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,275,376 · end of year $4,852,126

  • 3 · Pledges and grants receivable

    beginning of year $929,058 · end of year $246,205

  • 4 · Accounts receivable

    end of year $307,404

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

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

    $17,839,083

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

    $6,342,080

  • 10c · Land, buildings and equipment, net

    beginning of year $11,977,357 · end of year $11,497,003

  • 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 $456,069 · end of year $561,492

  • 19 · Deferred revenue

    beginning of year $650,968 · end of year $0

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $5,499,382 · end of year $5,201,262

  • 25 · Other liabilities

    beginning of year $12,256,729 · end of year $12,022,543

  • 27 · Net assets without donor restrictions

    beginning of year -$1,920,055 · end of year -$1,484,346

  • 28 · Net assets with donor restrictions

    beginning of year $238,698 · end of year $601,787

Mission and programs · 2024

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 and 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 Elementary School 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 Elementary School serving as an open-enrollment charter elementary school which currently educates children in kindergarten through third grade. Students at Genesis engage in concentrated music instruction throughout the school day which includes classes in instrumental music, singing, piano, and general music. 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. 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 extracurricular programs in conjunction with its rigorous academies, including, but not limited to, athletics, band, theater, community garden, and an innovation lab. Enrollment for the 2024-2025 school year for each school was as follows: Charles A. Tindley Accelerated: 296 Tindley Summit Academy: 317 Tindley Genesis Academy: 358. The 2024-2025 school year marked a 20-year milestone. Over the last 20 years, more than 500 Tindley scholars have earned college credits from Anderson University and the University of Evansville. This year, Purdue University has been added as a partner. These scholars have earned 10,000 college credits while at Tindley. The total amount of money saved by these scholars is $8,751,850.

    Expenses $10,726,844 · Revenue $184,937

As filed on the 2024 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

    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 (until April 2025)

    Total calculated
    $0
    Hours/week
    2

  • Luke Messer

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Meredith Walker

    Board Member (until April 2025)

    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
    $226,047
    From this org
    $209,792
    From related orgs
    $0
    Other
    $16,255
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,912
    Bonus
    $30,700
    Other
    $180
    Deferred
    $0
    Nontaxable benefits
    $16,255
    Filer's total
    $226,047

  • Sandra Tresselt

    CFO

    Total calculated
    $187,815
    From this org
    $164,103
    From related orgs
    $0
    Other
    $23,712
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,127
    Bonus
    $15,700
    Other
    $276
    Deferred
    $7,538
    Nontaxable benefits
    $16,174
    Filer's total
    $187,815

  • Alan Smith

    Principal

    Total calculated
    $140,703
    From this org
    $117,631
    From related orgs
    $0
    Other
    $23,072
    Hours/week
    40

  • Allison Ennis

    Principal

    Total calculated
    $117,405
    From this org
    $100,238
    From related orgs
    $0
    Other
    $17,167
    Hours/week
    40

  • Ashley Ushi

    Principal

    Total calculated
    $120,856
    From this org
    $101,566
    From related orgs
    $0
    Other
    $19,290
    Hours/week
    40

  • Cody Stanley

    Executive Director of Data & Technology

    Total calculated
    $136,832
    From this org
    $109,358
    From related orgs
    $0
    Other
    $27,474
    Hours/week
    40

  • Eric Gaspard

    Director of Special Education

    Total calculated
    $126,274
    From this org
    $112,335
    From related orgs
    $0
    Other
    $13,939
    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 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 7 Non-fixed payments
The Network President, Dr. Jonathan Harris, received a discretionary bonus of $30,700 in 2025. The Board of Directors approved the bonus in recognition of Dr. Harris's strong performance in advancing educational outcomes and improving testing results. This payment was a one-time, non-fixed award.

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
2024
Filed
29 April 2026
IRS schema version
2024v5.1
Source object
202621199349300717

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