Skip to content
Nonprofiteer
← STEEL CITY ACADEMY INC

Form 990 for tax year 2023

Filed by STEEL CITY ACADEMY INC.

Totals

Total revenue
$7,242,880
Total expenses
$6,839,356
Contributions and grants received
$7,107,236
Grants paid
$0
Program service revenue
$43,101
Investment income
$27,603
Other revenue
$64,940
Total assets, end of year
$5,342,993
Total liabilities, end of year
$1,123,319
Net assets or fund balances, end of year
$4,219,674
Program services expenses (Part IX)
$5,779,868
Management and general expenses
$1,059,488
Fundraising expenses
$0
Program service expenses (Part III)
$5,779,868

Program services were 84.5% 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.

  • 1e · Government grants (contributions)

    $7,107,203

  • 1f · All other contributions, gifts and grants

    $33

  • 2a · Program service revenue: STUDENT FEES

    total $43,101 · related or exempt $43,101

  • 3 · Investment income

    total $27,603 · excluded $27,603

  • 11a · Other revenue: OTHER INCOME

    total $64,940 · related or exempt $64,940

  • 11e · Other revenue, total

    $64,940

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,084,516 · program services $867,791 · management and general $216,725

  • 7 · Other salaries and wages

    total $2,675,208 · program services $2,117,992 · management and general $557,216

  • 8 · Pension plan contributions

    total $68,371 · program services $61,570 · management and general $6,801

  • 9 · Other employee benefits

    total $268,515 · program services $229,969 · management and general $38,546

  • 10 · Payroll taxes

    total $255,272 · program services $241,719 · management and general $13,553

  • 11a · Fees: management

    total $23,449 · management and general $23,449

  • 11c · Fees: accounting

    total $49,284 · management and general $49,284

  • 11g · Fees: other

    total $178,761 · program services $148,045 · management and general $30,716

  • 12 · Advertising and promotion

    total $5,150 · management and general $5,150

  • 13 · Office expenses

    total $337,015 · program services $298,056 · management and general $38,959

  • 14 · Information technology

    total $44,941 · program services $44,941

  • 16 · Occupancy

    total $397,961 · program services $397,961

  • 20 · Interest

    total $22,689 · management and general $22,689

  • 22 · Depreciation, depletion and amortization

    total $189,079 · program services $189,079

  • 23 · Insurance

    total $40,967 · program services $40,967

  • 24a · Other expenses: STUDENT TRANSPORTATION

    total $563,145 · program services $563,145

  • 24b · Other expenses: FOOD SERVICE

    total $286,849 · program services $286,849

  • 24c · Other expenses: STUDENT ACTIVITIES

    total $208,316 · program services $208,316

  • 24d · Other expenses: STAFF DEVELOPMENT

    total $139,868 · program services $83,468 · management and general $56,400

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,432,773 · end of year $360,024

  • 2 · Savings and temporary cash investments

    beginning of year $43,041 · end of year $1,570,644

  • 3 · Pledges and grants receivable

    beginning of year $1,411,237 · end of year $1,176,233

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,919 · end of year $1,663

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

    $2,917,210

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

    $734,520

  • 10c · Land, buildings and equipment, net

    beginning of year $2,063,497 · end of year $2,182,690

  • 15 · Other assets

    beginning of year $86,657 · end of year $51,739

  • 17 · Accounts payable and accrued expenses

    beginning of year $165,979 · end of year $225,630

  • 23 · Secured mortgages and notes payable

    beginning of year $975,338 · end of year $845,950

  • 25 · Other liabilities

    beginning of year $86,657 · end of year $51,739

  • 27 · Net assets without donor restrictions

    beginning of year $3,816,150 · end of year $4,219,674

Mission and programs · 2023

Mission

STEEL CITY ACADEMY WILL EMPOWER THE STUDENTS OF GARY WITH THE MOST RIGOROUS ACADEMIC SKILLS, CULTURAL FLUENCY AND DEPTH OF CHARACTER SO THEY CAN CHOOSE FROM BOUNDLESS OPPORTUNITIES AND STRENGTHEN THE COMMUNITY OF GARY.

  • THIS ORGANIZATION IS A PUBLIC CHARTER SCHOOL PROVIDING EDUCATION TO THOSE SEEKING AN ALTERNATIVE TO THE TRADITIONAL PUBLIC SCHOOL SYSTEM. THE ORGANIZATION PROVIDES PRIMARY EDUCATION TO STUDENTS WITHIN THE GARY, INDIANA COMMUNITY. DURING THE 2023-2024 SCHOOL YEAR, THE SCHOOL SERVED OVER 310 STUDENTS IN KINDERGARTEN THROUGH THIRD AND SEVENTH THROUGH TWELFTH GRADES.

    Expenses $5,779,868 · Revenue $108,041

As filed on the 2023 return.

Listed in Part VII

  • Katherine Kirley

    EXECUTIVE DIRECTOR

    Total calculated
    $248,434
    From this org
    $217,760
    From related orgs
    $0
    Other
    $30,674
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,760
    Bonus
    $0
    Other
    $0
    Deferred
    $10,956
    Nontaxable benefits
    $19,718
    Filer's total
    $248,434
  • Jazmin Pratt

    PRINCIPAL

    Total calculated
    $217,446
    From this org
    $183,769
    From related orgs
    $0
    Other
    $33,677
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,769
    Bonus
    $0
    Other
    $0
    Deferred
    $9,555
    Nontaxable benefits
    $24,122
    Filer's total
    $217,446
  • Joshua Moore

    ASSISTANT PRINCIPAL

    Total calculated
    $189,458
    From this org
    $160,239
    From related orgs
    $0
    Other
    $29,219
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,239
    Bonus
    $0
    Other
    $0
    Deferred
    $8,122
    Nontaxable benefits
    $21,097
    Filer's total
    $189,458
  • Duane Krambeck

    DIRECTOR OF OPERATIONS

    Total calculated
    $189,303
    From this org
    $168,412
    From related orgs
    $0
    Other
    $20,891
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,412
    Bonus
    $0
    Other
    $0
    Deferred
    $4,445
    Nontaxable benefits
    $16,446
    Filer's total
    $189,303
  • Bridgette Kelly

    MANAGING DIRECTOR OF DIVER

    Total calculated
    $154,788
    From this org
    $139,515
    From related orgs
    $0
    Other
    $15,273
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,515
    Bonus
    $0
    Other
    $0
    Deferred
    $7,002
    Nontaxable benefits
    $8,271
    Filer's total
    $154,788
  • Shirletta Hunter

    FINANCE COORDINATOR

    Total calculated
    $92,028
    From this org
    $68,891
    From related orgs
    $0
    Other
    $23,137
    Hours/week
    40
  • Catherine Burns

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    4
  • Anthony Washington

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Ashley O'Neal

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Katherine Pohlkamp

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Erica Young

    LEGAL COUNSEL

    Total calculated
    $0
    Hours/week
    1
  • Gloria McDaniel Hall

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Michael Collins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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
21 April 2025
IRS schema version
2023v6.0
Source object
202541129349300734

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.