2023-05-11T13:17:50-05:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP 301 SW ADAMS STREET SUITE 1000 PEORIA IL 61602 990 2021-07-01 364729586 PHALEN LEADERSHIP ACADEMY - INDIANA PHAL 3173336980 2323 NORTH ILLINOIS STREET INDIANAPOLIS IN 46208 EARL MARTIN PHALEN CHAIRMAN 3173336980 2023-05-09 1 EARL MARTIN PHALEN 999009999 ANDREW SMITH CPA P01518894 3096714500 2023-05-09 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z EARL MARTIN PHALEN 2323 NORTH ILLINOIS STREET INDIANAPOLIS IN 46208 39570152 0 X WWW.PHALENACADEMIES.ORG X 2012 IN TO ENSURE EACH SCHOLAR ENROLLED MEETS HIGH ACADEMIC AND SOCIAL STANDARDS, AND THRIVES AS LEADERS AT HOME, IN THEIR COMMUNITIES, AND IN THE WORLD. THE ULTIMATE GOAL IS THAT EACH SCHOLAR MASTER KEY ACADEMIC SKILLS AND DEMONSTRATE STRONG CHARACTER, AS EXHIBITED BY: HONESTY, SERVICE TO OTHERS, A SUPERIOR WORK ETHIC, AND A STRONG VISION FOR AND BELIEF IN THEIR FUTURES. 5 4 374 0 0 0 18384627 24824498 12206721 14337802 218 63 487553 407789 31079119 39570152 0 0 0 0 17473811 19945724 0 0 0 11122623 16680865 28596434 36626589 2482685 2943563 19837313 22278820 10703678 10201622 9133635 12077198 X TO ENSURE EACH SCHOLAR ENROLLED MEETS HIGH ACADEMIC AND SOCIAL STANDARDS, AND THRIVES AS LEADERS AT HOME, IN THEIR COMMUNITIES, AND IN THE WORLD. THE ULTIMATE GOAL IS THAT EACH SCHOLAR MASTER KEY ACADEMIC SKILLS AND DEMONSTRATE STRONG CHARACTER, AS EXHIBITED BY: HONESTY, SERVICE TO OTHERS, A SUPERIOR WORK ETHIC, AND A STRONG VISION FOR AND BELIEF IN THEIR FUTURES. 0 0 28393639 14745591 PHALEN LEADERSHIP ACADEMY EDUCATES FUTURE LEADERS BASED ON THE FOLLOWING PRINCIPLES: EXCEPTIONAL TEACHERS AND SCHOOL LEADERS, PARTNERSHIPS WITH PARENTS, INNOVATIVE USE OF TECHNOLOGY TO SUPPLEMENT TEACHER INSTRUCTION, DIFFERENTIATED INSTRUCTION AND ONGOING ASSESSMENT TO MEASURE PROGRESS. 28393639 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 47 0 1 374 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X EVA SPILKER 4105983087 386 HARWIN DRIVE SEVERNA PARK MD 21146 KRISTOPHER KINGERY DIRECTOR 0.80 X 0 0 0 MARLIN JACKSON DIRECTOR 0.80 X 0 0 0 EARL MARTIN PHALEN DIRECTOR/CEO 0.80 40.00 X X 0 362250 7149 JIM PHALEN DIRECTOR/TREASURER 0.80 X 0 0 0 DR FERNANDO REIMERS DIRECTOR 0.80 X 0 0 0 NICOLE FAMA REGIONAL DIRECTOR 40.00 X 147981 0 6340 TORA TOWNSEND PRINCIPAL 40.00 X 107346 0 5121 255327 362250 18610 2 0 1 0 MAYER NAJEM CONSTRUCTION LLC 11787 LANTERN RD SUITE 100 FISHERS IN 46038 CONSTRUCTION 1166976 LAVINIA GROUP LLC PO BOX 1319 SAG HARBOR NY 11963 INSTRUCTIONAL CURRICULUM SERVICES 286181 GPS LLC (GLOBAL PSYCHOLOGICAL) PO BOX 5935 DRAWER 2177 TROY MI 480075935 SPECIAL NEEDS SUPPORT FOR STUDENTS 247243 KHALIL VENTURES MANAGEMENT LLC MATHNASI 2487 ALOMA AVE WINTERPARK FL 32792 INSTRUCTIONAL CURRICULUM SERVICES 189800 4 10699162 14125336 300000 24824498 STUDENT EDUCATION 611600 14337802 14337802 14337802 63 63 OTHER INCOME 900099 407789 407789 407789 39570152 14745591 0 63 X 259417 259417 15167005 12575693 2591312 686178 564311 121867 2694170 2319139 375031 1138954 913952 225002 122061 122061 2600086 2600086 36794 36794 5941879 2677448 3264431 204478 183510 20968 12962 12962 239285 239285 506860 506860 323326 323326 NUTRITIONAL SUPPORT 2296163 2296108 55 MATERIALS AND SUPPLIES 1885347 1651534 233813 PROFESSIONAL DEVELOPMEN 978280 659725 318555 PROGRAM TRANSPORTATION 940651 940651 592693 208411 384282 36626589 28393639 8232950 0 3988002 3234731 2806711 2549034 2370884 5233252 14080705 3818902 9934300 10261803 737416 1000000 19837313 22278820 3910316 3774346 6793362 6427276 10703678 10201622 X 9128016 12077198 5619 0 9133635 12077198 19837313 22278820 2943563 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 300000 300000 6784448 1547144 5237304 4425706 35076 4390630 1676614 1350511 326103 893937 886171 7766 10261803 X 43191446 3621294 3621294 39570152 0 39570152 40247883 3621294 3621294 36626589 0 36626589 PART X, LINE 2: THE PHALEN LEADERSHIP ACADEMY INDIANA, INC. HAS RECEIVED A DETERMINATION FROM THE U.S. TREASURY DEPARTMENT STATING THAT IT QUALIFIES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AS A TAX-EXEMPT ORGANIZATION; HOWEVER, THE SCHOOL WOULD BE SUBJECT TO TAX ON INCOME UNRELATED TO ITS TAX-EXEMPT PURPOSE. FOR THE YEAR ENDED JUNE 30, 2022, NO ACCOUNTING FOR FEDERAL AND STATE INCOME TAXES WAS REQUIRED TO BE INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PROFESSIONAL ACCOUNTING STANDARDS REQUIRE THE SCHOOL TO RECOGNIZE A TAX LIABILITY ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX LIABILITY THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE LIKELY THAN NOT TEST, NO TAX LIABILITY IS RECORDED. THE SCHOOL HAS EXAMINED THIS ISSUE AND HAS DETERMINED THAT THERE ARE NO MATERIAL CONTINGENT TAX LIABILITIES OR QUESTIONABLE TAX POSITIONS. TAX YEARS ENDING AFTER 2021 ARE OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION INCLUDES ITS RACIALLY NONDISCRIMINATORY POLICY ON REGISTRATION FLYERS AND RELATED MATERIALS. SCHEDULE E, PART I, LINE 4 THERE ARE NO TUITION COSTS FOR ATTENDING THE ACADEMY, THEREFORE FINANCIAL ASSISTANCE AND SCHOLARSHIPS ARE NOT REQUIRED. SCHEDULE E, PART I, LINE 6 FUNDING IS RECEIVED FROM THE INDIANA DEPARTMENT OF EDUCATION. 0 0 0 0 0 0 0 0 0 EARL MARTIN PHALEN DIRECTOR/CEO 0 362250 0 0 0 0 0 0 0 7149 0 369399 0 0 NICOLE FAMA REGIONAL DIRECTOR 146981 0 0 0 1000 0 4409 0 1931 0 154321 0 0 0 X 1 300000 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 EARL AND JIM PHALEN ARE BOTH MEMBERS OF THE BOARD AND ARE BROTHERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS TO ALLOW FOR THE OPPORTUNITY TO REVIEW. THE BOARD MEMBERS WILL THEN HAVE THE OPPORTUNITY TO DISCUSS AND REVIEW THE RETURN PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES ARE ASKED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. ALL POTENTIAL CONFLICTS ARE BROUGHT TO LEGAL COUNSEL TO REVIEW AND DETERMINE IF A CONFLICT DOES EXIST. IF A CONFLICT IS DETERMINED, THE COO WILL REVIEW. LEGAL COUNSEL CONTINUES TO MONITOR CONFLICTS AND WILL BRING ALL POTENTIAL ISSUES TO THE COO FOR FURTHER REVIEW. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS DURING THE BUDGET APPROVAL PROCESS. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 324,404. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 324,404. CLEANING SERVICES: PROGRAM SERVICE EXPENSES 129,303. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 129,303. REPAIRS & MAINTENANCE: PROGRAM SERVICE EXPENSES 23,825. MANAGEMENT AND GENERAL EXPENSES 56,021. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 79,846. SECURITY SERVICES: PROGRAM SERVICE EXPENSES 55,283. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 55,283. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,857. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,857. FORM 990, PART XII, LINE 2C THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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