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Nonprofiteer
← CAREER ACADEMY OF SOUTH BEND INC

Form 990 for tax year 2022

Filed by CAREER ACADEMY OF SOUTH BEND INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 13 November 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$16,270,516 changed to $20,934,823
Total expenses
$16,366,846 changed to $18,816,148
Contributions and grants received
$15,767,907 changed to $20,369,080
Program service revenue
$0 changed to $246,012
Investment income
$224 changed to $0
Other revenue
$502,385 changed to $319,731
Total assets, end of year
$28,495,602 changed to $42,533,850
Total liabilities, end of year
$28,981,244 changed to $39,405,592
Net assets or fund balances, end of year
-$485,642 changed to $3,128,258
Program services expenses
$16,271,853 changed to $16,701,638
Management and general expenses
$94,993 changed to $2,114,510
Program service expenses (Part III)
$16,271,853 changed to $16,701,638

Listed under a different title

  • Larry H Garatoni: DIR/PRESIDENT then PRESIDENT
  • Michael Garatoni: DIRECTOR/TREASURER then TREASURER

Totals

Total revenue
$16,270,516
Total expenses
$16,366,846
Contributions and grants received
$15,767,907
Grants paid
$0
Program service revenue
$0
Investment income
$224
Other revenue
$502,385
Total assets, end of year
$28,495,602
Total liabilities, end of year
$28,981,244
Net assets or fund balances, end of year
-$485,642
Program services expenses (Part IX)
$16,271,853
Management and general expenses
$94,993
Fundraising expenses
$0
Program service expenses (Part III)
$16,271,853

Program services were 99.4% 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)

    $15,747,536

  • 1f · All other contributions, gifts and grants

    $20,371

  • 3 · Investment income

    total $224 · excluded $224

  • 11a · Other revenue: VARIOUS

    total $502,385 · related or exempt $502,385

  • 11e · Other revenue, total

    $502,385

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $8,492,963 · program services $8,492,963

  • 9 · Other employee benefits

    total $1,238,656 · program services $1,238,656

  • 10 · Payroll taxes

    total $659,520 · program services $659,520

  • 11g · Fees: other

    total $1,339,310 · program services $1,339,310

  • 13 · Office expenses

    total $1,007,331 · program services $1,006,226 · management and general $1,105

  • 14 · Information technology

    total $27,946 · program services $27,946

  • 16 · Occupancy

    total $845,933 · program services $845,933

  • 17 · Travel

    total $126,550 · program services $126,550

  • 20 · Interest

    total $327,707 · program services $327,707

  • 22 · Depreciation, depletion and amortization

    total $1,192,560 · program services $1,192,560

  • 23 · Insurance

    total $93,888 · management and general $93,888

  • 24a · Other expenses: MEALS EXPENSE

    total $930,689 · program services $930,689

  • 24b · Other expenses: OTHER EXPENSES-PROGSERV

    total $83,793 · program services $83,793

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,591,649 · end of year $2,591,649

  • 3 · Pledges and grants receivable

    beginning of year $1,553,076 · end of year $1,553,076

  • 4 · Accounts receivable

    beginning of year $251,761 · end of year $251,761

  • 8 · Inventories for sale or use

    beginning of year $7,637 · end of year $7,637

  • 9 · Prepaid expenses and deferred charges

    beginning of year $40,260 · end of year $40,260

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

    $34,656,931

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

    $10,605,712

  • 10c · Land, buildings and equipment, net

    beginning of year $24,051,219 · end of year $24,051,219

  • 17 · Accounts payable and accrued expenses

    beginning of year $380,008 · end of year $380,008

  • 22 · Loans and payables to officers and key people

    beginning of year $26,347,799 · end of year $26,347,799

  • 23 · Secured mortgages and notes payable

    beginning of year $2,253,437 · end of year $2,253,437

  • 27 · Net assets without donor restrictions

    beginning of year -$485,642 · end of year -$485,642

Mission and programs · 2022

Mission

CAREER ACADEMY OF SOUTH BEND IS A FULLY ACCREDITED CHARTER PUBLIC SCHOOL WHICH BEGAN SERVING STUDENTS IN GRADES 7-9 IN THE FALL OF 2011. ITS MISSION IS TO PROVIDE A QUALITY ALTERNATIVE PUBLIC EDUCATION FOR STUDENTS BETTER SERVED IN A NON-TRADITIONAL ENVIRONMENT.

  • ALL INCOME REALIZED AND EXPENSES INCURRED IN THE OPERATION OF A CHARTER SCHOOL.

    Expenses $16,271,853

As filed on the 2022 return.

Listed in Part VII

  • Lori Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kay Antonelli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marian Hodges

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Daniel Adams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mark Melnick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nick Swisher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael Garatoni

    DIRECTOR/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Larry H Garatoni

    DIR/PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Chad Hartzell

    EXECUTIVE DIRECTOR

    Total calculated
    $130,000
    From this org
    $130,000
    From related orgs
    $0
    Other
    $0
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202441369349311489

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