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← INDIANA MATH AND SCIENCE ACADEMY-NORTH INDIANAPOLIS

Form 990 for tax year 2022

Filed by INDIANA MATH AND SCIENCE ACADEMY-NORTH INDIANAPOLIS.

Totals

Total revenue
$10,259,590
Total expenses
$9,917,881
Contributions and grants received
$9,961,392
Grants paid
$0
Program service revenue
$16,496
Investment income
$119,427
Other revenue
$162,275
Total assets, end of year
$16,139,374
Total liabilities, end of year
$14,008,456
Net assets or fund balances, end of year
$2,130,918
Program services expenses (Part IX)
$7,890,821
Management and general expenses
$2,027,060
Fundraising expenses
$0
Program service expenses (Part III)
$7,890,821

Program services were 79.6% 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)

    $9,961,392

  • 2a · Program service revenue: STUDENT FEES

    total $16,496 · related or exempt $16,496

  • 3 · Investment income

    total $119,427 · excluded $119,427

  • 6a · Gross rents

    real property $89,163

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $89,163

  • 6d · Net rental income or loss

    total $89,163 · related or exempt $89,163

  • 11a · Other revenue: MISCELLANEOUS

    total $39,136 · related or exempt $39,136

  • 11b · Other revenue: REFUNDS/REIMBURSEMENTS

    total $33,976 · related or exempt $33,976

  • 11e · Other revenue, total

    $73,112

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $4,655,202 · program services $3,721,735 · management and general $933,467

  • 8 · Pension plan contributions

    total $315,784 · program services $226,745 · management and general $89,039

  • 9 · Other employee benefits

    total $311,959 · program services $251,907 · management and general $60,052

  • 10 · Payroll taxes

    total $341,466 · program services $272,618 · management and general $68,848

  • 11a · Fees: management

    total $670,440 · management and general $670,440

  • 11b · Fees: legal

    total $6,909 · management and general $6,909

  • 11c · Fees: accounting

    total $27,150 · management and general $27,150

  • 11g · Fees: other

    total $182,606 · program services $146,372 · management and general $36,234

  • 12 · Advertising and promotion

    total $20,817 · management and general $20,817

  • 13 · Office expenses

    total $299,550 · program services $254,770 · management and general $44,780

  • 14 · Information technology

    total $131,521 · program services $131,521

  • 16 · Occupancy

    total $382,335 · program services $382,335

  • 17 · Travel

    total $18,082 · program services $16,487 · management and general $1,595

  • 20 · Interest

    total $727,496 · program services $727,496

  • 22 · Depreciation, depletion and amortization

    total $277,123 · program services $277,123

  • 24a · Other expenses: STUDENT TRANSPORTATION

    total $852,163 · program services $852,163

  • 24b · Other expenses: FOOD SERVICE

    total $453,995 · program services $453,995

  • 24c · Other expenses: DUES & FEES

    total $94,724 · program services $30,079 · management and general $64,645

  • 24d · Other expenses: STAFF DEVELOPMENT AND R

    total $70,574 · program services $67,490 · management and general $3,084

  • 24e · All other expenses

    total $77,985 · program services $77,985

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,819,134 · end of year $3,339,035

  • 2 · Savings and temporary cash investments

    end of year $730,205

  • 3 · Pledges and grants receivable

    beginning of year $528,511 · end of year $718,859

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,357 · end of year $395

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

    $10,129,311

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

    $440,067

  • 10c · Land, buildings and equipment, net

    beginning of year $9,636,311 · end of year $9,689,244

  • 14 · Intangible assets

    beginning of year $472,618 · end of year $425,356

  • 15 · Other assets

    beginning of year $0 · end of year $1,236,280

  • 17 · Accounts payable and accrued expenses

    beginning of year $669,576 · end of year $1,140,811

  • 19 · Deferred revenue

    beginning of year $11,095 · end of year $7,513

  • 20 · Tax-exempt bond liabilities

    beginning of year $12,910,000 · end of year $12,770,000

  • 25 · Other liabilities

    beginning of year $84,051 · end of year $90,132

  • 27 · Net assets without donor restrictions

    beginning of year $1,789,209 · end of year $2,130,918

Mission and programs · 2022

Mission

TO PREPARE STUDENTS FOR COLLEGE BY CREATING AN EFFECTIVE LEARNING COMMUNITY OF HIGHER STANDARDS AND EXPECTATIONS WITH A RIGOROUS CURRICULUM FOCUSING ON SCIENCE, MATH, AND TECHNOLOGY.

  • OUR SCHOOL OFFERED AN ACADEMIC PROGRAM AIMED AT PROVIDING A COMPREHENSIVE AND NURTURING EDUCATIONAL ENVIRONMENT FOR STUDENTS IN KINDERGARTEN THROUGH 12TH GRADE AND TO FOSTER ACADEMIC EXCELLENCE, PERSONAL GROWTH, AND SOCIAL DEVELOPMENT. THROUGH A RIGOROUS CURRICULUM, DEDICATED EDUCATORS, AND A SUPPORTIVE COMMUNITY, WE STRIVE TO EQUIP STUDENTS WITH ESSENTIAL KNOWLEDGE, CRITICAL THINKING SKILLS, AND VALUES THAT WILL PREPARE THEM FOR SUCCESS IN HIGHER EDUCATION AND IN LIFE.CLIENTS SERVED: 675 STUDENTS IN GRADES K-12.DURATION: PROVIDED THROUGHOUT THE ACADEMIC YEAR, CONSISTING OF 30-WEEK SESSIONS.ACTIVITIES: CONDUCTED DAILY LESSONS AND INTERACTIVE LEARNING ACTIVITIES, RESULTING IN AN AVERAGE 5% IMPROVEMENT IN STANDARDIZED TEST SCORES.

    Expenses $7,890,821 · Revenue $178,771

  • 21ST CENTURY PROGRAMOBJECTIVE: THROUGH A GRANT FUNDED IN PARTNERSHIP WITH INDYPARKS, WE ARE PLEASED TO OFFER HIGH QUALITY AFTER SCHOOL PROGRAMMING FOR STUDENTS IN ILEARN TESTED GRADES. THE PROGRAM AIMS TO IMPROVE STUDENT OUTCOMES THROUGH NURTURING STUDENTS' MINDS, BODIES, AND SPIRITS,CLIENTS SERVED: 50 STUDENTS IN GRADES 3-8.DURATION: PROVIDED THROUGHOUT THE ACADEMIC YEAR, CONSISTING OF AT LEAST 130 DAYS.ACTIVITIES: DAILY TUTORING, ENRICHMENT ACTIVITIES, AND A HEALTHY SNACK

  • SUMMER ENRICHMENT PROGRAMOBJECTIVE: OUR SCHOOL OFFERED AN ACADEMIC ENRICHMENT PROGRAM AIMED AT IMPROVING STUDENTS' CORE SKILLS IN MATH AND LANGUAGE ARTS. THE PROGRAM FOCUSES ON PRE-TEACHING SKILLS FOR THE UPCOMING ACADEMIC YEAR.CLIENTS SERVED: APPROXIMATELY 120 STUDENTS.DURATION: 6 WEEKS OF SUMMER, FROM JUNE TO MID JULY.ACTIVITIES: CONDUCTED DAILY MATH AND ELA LESSONS, TUTORING SESSIONS, AND ENRICHMENT ACTIVITIES.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jim Sparks

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Daniel Pierson

    VICE BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Toby Miller

    FINANCE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Bernice Valentine-Watts

    ACD. EXCELLENCE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Firdas Abamislimova

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nikola L Coleman

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Charise Frazier

    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.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
23 April 2024
IRS schema version
2022v5.0
Source object
202421229349302122

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