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OPTIONS IN EDUCATION FOUNDATION INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
OPTIONS IN EDUCATION FOUNDATION INC (EIN 20-4996801)
Tax period
2020-07-01 to 2021-06-30
Filed
2022-03-22
IRS object ID
202220819349300437
Schema version
2020v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-03-22T13:37:20-05:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN200503296PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CHARLES MADDEN PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1850 FORT WAYNE AVEAddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46204ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN204996801EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1OPTIONS IN EDUCATIONBusinessNameLine1Txt
Business Name Line2FOUNDATION INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlOPTIBusinessNameControlTxt
Phone3177738659PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line118077 RIVER RD SUITE 106AddressLine1Txt
CityNOBLESVILLECityNm
State AbbreviationINStateAbbreviationCd
ZIP46062ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAKE BRANDAUPersonNm
Person TitleCFOPersonTitleTxt
Phone3177738659PhoneNum
Signature2022-03-21SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJAKEPersonFirstNm
Person LastBRANDAUPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDANIEL MARSHPreparerPersonNm
PTINP01630439PTIN
Phone3172660480PhoneNum
Preparation2022-03-22PreparationDt
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJAKE BRANDAUPrincipalOfficerNm
Gross Receipts$2,119,902GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Legal Domicile StateINLegalDomicileStateCd
Activity Or MissionTO SUPPORT EDUCATIONAL INSTITUTIONS, OPTIONS CHARTER SCHOOLS, NOBLESVILLE AND CARMEL/WESTFIELD.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$1,340,337PYContributionsGrantsAmt
CY Contributions Grants$2,116,376CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
CY Investment Income$3,526CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,340,337PYTotalRevenueAmt
CY Total Revenue$2,119,902CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$26,646PYOtherExpensesAmt
CY Other Expenses$59,180CYOtherExpensesAmt
PY Total Expenses$26,646PYTotalExpensesAmt
CY Total Expenses$59,180CYTotalExpensesAmt
PY Revenues Less Expenses$1,313,691PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$2,060,722CYRevenuesLessExpensesAmt
Total Assets BOY$1,362,162TotalAssetsBOYAmt
Total Assets EOY$6,962,499TotalAssetsEOYAmt
Total Liabilities EOY$3,680,525TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,362,162NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,281,974NetAssetsOrFundBalancesEOYAmt
MissionTO SUPPORT EDUCATIONAL INSTITUTIONS, OPTIONS CHARTER SCHOOLS, NOBLESVILLE AND CARMEL/WESTFIELD.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$23,609ExpenseAmt
DescTO SUPPORT THE OPTIONS CHARTER SCHOOLS IN CARMEL/WESTFIELD AND NOBLESVILLE.Desc
Total Program Service Expenses$23,609TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityYes (true)DisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldINStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonJACOB BRANDAUPersonNm
Phone3177738659PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line118077 RIVER ROAD STE 106AddressLine1Txt
CityNOBLESVILLECityNm
State AbbreviationINStateAbbreviationCd
ZIP46062ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
MATTHEW ABBOTT
BOARD CHAIRYes (X)$0$0$0
BOB BARKER
MEMBERYes (X)$0$0$0
TRAVIS CARMEAN
MEMBERYes (X)$0$0$0
HANNAH HEUSER
MEMBERYes (X)$0$0$0
THOMAS LYONS III
SECRETARY/TRYes (X)$0$0$0
JOHN KERR
VICE CHAIRYes (X)$0$0$0
STACY SEGAL
MEMBERYes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Related Organizations$2,090,473RelatedOrganizationsAmt
All Other Contributions$25,903AllOtherContributionsAmt
Noncash Contributions$2,090,473NoncashContributionsAmt
Total Contributions$2,116,376TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,526TotalRevenueColumnAmt
Exclusion$3,526ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,119,902TotalRevenueColumnAmt
Exclusion$3,526ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$29TotalAmt
Management And General$29ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$3,150TotalAmt
Management And General$3,150ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$19,809TotalAmt
Program Services$19,809ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$16,683TotalAmt
Management And General$16,683ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$15,129TotalAmt
Management And General$15,129ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
SCHOLARSHIPS$3,500$3,500
BANK FEES$330$330
PROM EXPENSE$300$300
OTHER MISCELLANEOUS$250$250

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$59,180TotalAmt
Program Services$23,609ProgramServicesAmt
Management And General$35,571ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$38,637BOYAmt
EOY$1,286,747EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$5,971,896LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$296,144LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,323,525BOYAmt
EOY$5,675,752EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,362,162BOYAmt
EOY$6,962,499EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
EOY$525EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
EOY$3,680,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$3,680,525EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,362,162BOYAmt
EOY$3,281,974EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,362,162BOYAmt
EOY$3,281,974EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,362,162BOYAmt
EOY$6,962,499EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$2,060,722ReconcilationRevenueExpnssAmt
Prior Period Adjustments-$140,910PriorPeriodAdjustmentsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$36,393CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$29,708CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$8,890CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,340,337CurrentTaxYearMinus1YearAmt
Current Tax Year$2,116,376CurrentTaxYearAmt
Total$3,531,704TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$36,393CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$29,708CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$8,890CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,340,337CurrentTaxYearMinus1YearAmt
Current Tax Year$2,116,376CurrentTaxYearAmt
Total$3,531,704TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$3,531,704PublicSupportTotal170Amt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year$2,526CurrentTaxYearAmt
Total$2,526TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$18,193CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$65,154CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$18,137CurrentTaxYearMinus2YearsAmt
Total$101,484TotalAmt
FieldValueIRS element (for citing)
Total Support$3,635,714TotalSupportAmt
Gross Receipts Rltd Activities$4GrossReceiptsRltdActivitiesAmt
Public Support CY1700.97140PublicSupportCY170Pct
Public Support PY1700.92470PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePART II, LINE 10FormAndLineReferenceDesc
Explanation101,484ExplanationTxt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$1,000,685InvestmentCostOrOtherBasisAmt
Book Value$1,000,685BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$2,525,961InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$2,271,016OtherCostOrOtherBasisAmt
Depreciation$296,144DepreciationAmt
Book Value$4,500,833BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$174,234OtherCostOrOtherBasisAmt
Book Value$174,234BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$5,675,752TotalBookValueLandBuildingsAmt

Schedule M IRS990ScheduleM

Real Estate Commercial RealEstateCommercialGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution2ContributionCnt
Noncash Contributions Rpt F990$2,090,473NoncashContributionsRptF990Amt
FieldValueIRS element (for citing)
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsfalseReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 5, PART V, LINE 3BNO UNRELATED INCOME GENERATED IN CURRENT YEAR.
FORM 990, PAGE 6, PART VI, LINE 11BREVIEW BY CFO, THEN BY FULL BOARD AT MEETING.
FORM 990, PAGE 6, PART VI, LINE 12CMEMBERS REVIEW THE POLICY AND CONFLICTS ANNUALLY AND SIGN A FORM STATING POSSIBLE CONFLICTS.
FORM 990, PAGE 6, PART VI, LINE 15AN/A. FOUNDATION DOES NOT HAVE ANY STAFF OR PAY ANY MANAGEMENT PERSONNEL.
FORM 990, PAGE 6, PART VI, LINE 15BN/A. FOUNDATION DOES NOT HAVE ANY STAFF OR PAY ANY MANAGEMENT PERSONNEL.
FORM 990, PAGE 6, PART VI, LINE 19UPON REQUEST.
FORM 990, PART IX, LINE 11GSCHOOL SUPPORT PAYMENTS 5,275 0 0 TECHNOLOGY 14,534 0 0 TOTAL 19,809 0 0

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtDirect Controlling NADirectControllingNACd
OCS NOBLESVILLE
18077 RIVER ROAD SUITE 106NOBLESVILLEIN46062863395454IN$1,975,443$1,960,313N/A
OCS WESTFIELD
18077 RIVER ROAD SUITE 106NOBLESVILLEIN46062844946243IN$115,030$4,993,911N/A

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