2022-05-15T10:16:05-05:00 2021-06-30 310905417 VONLEHMAN & COMPANY INC 5975 CASTLE CREEK PARKWAY N DR STE 400 INDIANAPOLIS IN 46250 990 2020-07-01 352148108 HUTSON SCHOOL INC DBA FORTUNE ACADEMY HUTS 3173770544 5626 LAWTON LOOP EAST DR INDIANAPOLIS IN 46216 CHARLES MEADOW BOARD PRESIDENT 3173770544 2022-05-15 1 CHARLES MEADOW 999009999 BRYAN PAUTSCH P00034913 3174690169 2022-05-14 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z JONATHON ELLIOTT 5626 LAWTON LOOP EAST DR INDIANAPOLIS IN 46216 2077292 0 X WWW.THEFORTUNEACADEMY.ORG X 2000 IN THE HUTSON SCHOOL IS AN INDEPENDENT DAY SCHOOL FOR STUDENTS IN GRADES K THROUGH 12 WITH LANGUAGE LEARNING DISABILITIES. THE MISSION IS TO PROVIDE AN ENVIRONMENT THAT NURTURES EACH CHILD'S DEVELOPMENT, BUILDS UPON HIS/HERS INDIVIDUAL STRENGTHS AND OFFERS REMEDIATION IN AREAS OF WEAKNESS. 8 8 49 80 0 0 247784 227978 1869951 1787966 8539 360 43399 52588 2169673 2068892 0 0 0 0 1285904 1425663 0 0 67236 915780 567030 2201684 1992693 -32011 76199 2924892 2976025 1221208 1180677 1703684 1795348 THE MISSION IS TO PROVIDE AN ENVIRONMENT THAT NURTURES EACH CHILD'S DEVELOPMENT, BUILDS UPON HIS/HERS INDIVIDUAL STRENGTHS AND OFFERS REMEDIATION IN AREAS OF WEAKNESS. 0 0 1317875 1800759 INDEPENDENT DAY SCHOOL FOR CHILDREN WITH LEARNING DISABILITIES. 1317875 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 49 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 IN X JONATHON D ELLIOTT 3173770544 5626 LAWTON LOOP EAST DRIVE INDIANAPOLIS IN 46033 CHARLES MEADOWS PRESIDENT 1.00 X X 0 0 0 BONNIE SMITH VICE PRESIDENT 1.00 X X 0 0 0 SCOTT MILLER TREASURER 1.00 X X 0 0 0 JEFFREY DODGE BOARD MEMBER 1.00 X 0 0 0 CHERYL SULLIVAN BOARD MEMBER 1.00 X 0 0 0 JENNIFER HORN BOARD MEMBER 1.00 X 0 0 0 ALAN BOUWKAMP BOARD MEMBER 1.00 X 0 0 0 RICHARD FORTUNE BOARD MEMBER 1.00 X 0 0 0 JULIE RICHTER BOARD MEMBER 1.00 X 0 0 0 VANESSA COLES HEAD OF SCHOOL 40.00 X 76202 0 0 JONATHAN ELLIOT BUSINESS DIRECTOR 40.00 X 70875 0 0 147077 0 0 0 0 0 0 0 16291 211687 227978 STUDENT TUITION AND FE 611110 1630720 1630720 STUDENT ACTIVITIES 611110 157246 157246 1787966 360 360 48195 16291 8400 39795 39795 MISCELLANEOUS INCOME 611110 12793 12793 12793 2068892 1800759 0 40155 147077 147077 1174219 738670 398036 37513 104367 70318 31116 2933 3280 17 3263 3957 3153 804 9258 4629 4629 84484 84484 92204 49698 42506 79061 71155 7906 35109 31598 3160 351 PROGRAM EXPENSES 120193 120193 CONSTRUCTION CONSULTING 97225 97225 FUNDRAISING 18681 18681 MISCELLANEOUS EXPENSE 10107 36 9734 337 13471 11483 1988 1992693 1317875 607582 67236 373157 664075 694285 584451 15906 43020 2000 2479442 821855 1819707 1657587 19837 26892 2924892 2976025 121075 173995 42100 777822 737288 16611 263600 269394 1221208 1180677 X 1513541 1703684 281807 1703684 1795348 2924892 2976025 76199 6770 8695 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 445140 445140 1441419 821855 619564 482083 482083 110800 110800 1657587 PPP LOAN PAYABLE 263600 PAYROLL TAX PAYABLE 5794 269394 X 2068892 0 2068892 0 2068892 1992693 0 1992693 0 1992693 PART X, LINE 2: THE ORGANIZATION IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE AND SIMILAR STATE LAW. HOWEVER, THE ORGANIZATION IS SUBJECT TO FEDERAL AND STATE INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2021 AND 2020, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. AS SUCH, THE ORGANIZATION IS GENERALLY EXEMPT FROM INCOME TAXES. HOWEVER, THE ORGANIZATION IS REQUIRED TO FILE FEDERAL FORM 990 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX AND A CORRESPONDING STATE RETURN, WHICH ARE INFORMATIONAL RETURNS ONLY. THE ORGANIZATION HAS FILED ITS FEDERAL AND STATE TAX RETURNS FOR PERIODS THROUGH JUNE 30, 2020. THESE INCOME TAX RETURNS ARE GENERALLY OPEN TO EXAMINATION BY THE RELEVANT TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE LATER OF THE DATE THE RETURN WAS FILED OR ITS DUE DATE (INCLUDING APPROVED EXTENSIONS). AS OF THE DATE THE FINANCIAL STATEMENTS WERE AVAILABLE TO BE ISSUED, THERE WERE NO EXAMINATIONS FOR ANY TAX PERIODS IN PROGRESS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLISHES ITS RACIALLY NON-DISCRIMINATION POLICY IN ITS BROCHURES AND ON ITS WEBSITE. ONLINE SPRING FUNDRAISER 64486 16291 48195 1750 555 1300 4795 64486 16291 48195 1750 555 1300 4795 8400 39795 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS DISTRIBUTED TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE HEAD OF SCHOOL AND BUSINESS DIRECTOR REVIEW ALL TRANSACTIONS OF THE SCHOOL. WE REVIEW VENDORS AT A HIGH LEVEL AND RECEIVE W9'S FROM OUR VENDORS AND ARE AWARE OF THE COMPANIES THAT OUR BOARD MEMBERS WORK FOR. WE WOULD KNOW IF A BOARD MEMBER OR EMPLOYEE WAS TRYING TO DO BUSINESS WITH THE SCHOOL AND DO NOT ALLOW. FORM 990, PART VI, SECTION B, LINE 15 WE UNDERTAKE A REVIEW OF COMPARABLE JOB DESCRIPTIONS AND SALARIES AS WELL AS CURRENT TRENDS IN ANNUAL RAISE PERCENTAGES AND COST OF LIVING TO DETERMINE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.