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Nonprofiteer
← INDIANOLA EDUCATIONAL FOUNDATION INC

Form 990 for tax year 2024

Filed by INDIANOLA EDUCATIONAL FOUNDATION INC.

Totals

Total revenue
$3,585,297
Total expenses
$3,755,439
Contributions and grants received
$554,031
Grants paid
$0
Program service revenue
$2,471,489
Investment income
$559,777
Other revenue
$0
Total assets, end of year
$8,575,307
Total liabilities, end of year
$369,114
Net assets or fund balances, end of year
$8,206,193
Program services expenses (Part IX)
$3,179,431
Management and general expenses
$557,747
Fundraising expenses
$18,261
Program service expenses (Part III)
$3,179,431

Program services were 84.7% 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.

  • 1f · All other contributions, gifts and grants

    $554,031

  • 2a · Program service revenue: TUITION

    total $2,413,251 · related or exempt $2,413,251

  • 2b · Program service revenue: STUDENT ACTIVITIES

    total $179,040 · related or exempt $179,040

  • 2c · Program service revenue: SCHOLARSHIPS AND AID

    total -$120,802 · related or exempt -$120,802

  • 3 · Investment income

    total $559,777 · related or exempt $559,777

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $2,337,182 · program services $1,859,873 · management and general $459,288 · fundraising $18,021

  • 11a · Fees: management

    total $19,649 · management and general $19,649

  • 11c · Fees: accounting

    total $19,500 · management and general $19,500

  • 12 · Advertising and promotion

    total $240 · fundraising $240

  • 16 · Occupancy

    total $134,364 · program services $134,364

  • 22 · Depreciation, depletion and amortization

    total $237,379 · program services $237,379

  • 23 · Insurance

    total $119,577 · program services $119,577

  • 24a · Other expenses: REPAIR AND MAINTENANCE

    total $403,723 · program services $403,723

  • 24b · Other expenses: STUDENT ACTIVITIES

    total $199,208 · program services $199,208

  • 24c · Other expenses: SUPPLIES

    total $109,083 · program services $84,068 · management and general $25,015

  • 24d · Other expenses: CAFETERIA

    total $93,335 · program services $93,335

  • 24e · All other expenses

    total $82,199 · program services $47,904 · management and general $34,295

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,259,456 · end of year $581,871

  • 4 · Accounts receivable

    beginning of year $15,139 · end of year $4,624

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,447 · end of year $26,730

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

    $6,251,711

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

    $4,360,089

  • 10c · Land, buildings and equipment, net

    beginning of year $1,896,474 · end of year $1,891,622

  • 12 · Investments: other securities

    beginning of year $5,551,180 · end of year $6,070,460

  • 17 · Accounts payable and accrued expenses

    beginning of year $87,834 · end of year $62,383

  • 19 · Deferred revenue

    beginning of year $239,564 · end of year $290,110

  • 24 · Unsecured notes and loans payable

    beginning of year $31,963 · end of year $16,621

  • 27 · Net assets without donor restrictions

    beginning of year $7,372,981 · end of year $7,095,655

  • 28 · Net assets with donor restrictions

    beginning of year $1,003,354 · end of year $1,110,538

Mission and programs · 2024

Mission

TO PROVIDE EDUCATIONAL INSTRUCTION AND OTHER RELATED OPPORTUNITIES AND SCHOOL ACTIVITIES FOR GRADES PREKINDERGARTEN THRU 12TH GRADE.

  • THE ORGANIZATION PROVIDED EDUCATIONAL INSTRUCTION AND OTHER RELATED OPPORTUNITIES AND SCHOOL ACTIVITIES FOR PRE-KINDERGARTEN THRU GRADE 12.

    Expenses $3,179,431 · Revenue $2,471,489

As filed on the 2024 return.

Listed in Part VII

  • LAKE BAIRD

    PRESIDENT

    Total calculated
    $0

  • ROD VEAVEY

    VICE PRESIDE

    Total calculated
    $0

  • TREY KOGER

    SECRETARY

    Total calculated
    $0

  • WALKER MANNING

    TREASURER

    Total calculated
    $0

  • WILL LONG

    BOARD MEMBER

    Total calculated
    $0

  • PEPPER ROBERTS

    BOARD MEMBER

    Total calculated
    $0

  • JESSICA SIMMONS

    BOARD MEMBER

    Total calculated
    $0

  • MATT DOWELL

    BOARD MEMBER

    Total calculated
    $0

  • CASSEY HARDIN

    BOARD MEMBER

    Total calculated
    $0

  • ANGELA WHITE

    BOARD MEMBER

    Total calculated
    $0

  • JEREMY BROWN

    BOARD MEMBER

    Total calculated
    $0

  • JONATHAN DAVIS

    BOARD MEMBER

    Total calculated
    $0

  • JOHN WOOD REED

    BOARD MEMBER

    Total calculated
    $0

  • GREGG THOMPSON

    HEADMASTER

    Total calculated
    $175,162
    From this org
    $175,162
    From related orgs
    $0
    Other
    $0

    Schedule J breakdown matched by us

    Base
    $175,162
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $175,162

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
2024
Filed
11 November 2025
IRS schema version
2024v5.0
Source object
202533189349312713

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