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OPTIONS IN EDUCATION FOUNDATION INC: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
OPTIONS IN EDUCATION FOUNDATION INC (EIN 20-4996801)
Tax period
2019-07-01 to 2020-06-30
Filed
2020-11-23
IRS object ID
202023289349300302
Schema version
2019v5.0
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)
Return2020-11-23T08:19:14-06:00ReturnTs
Tax Period End2020-06-30TaxPeriodEndDt

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 Begin2019-07-01TaxPeriodBeginDt

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
Signature2020-11-20SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDANIEL MARSHPreparerPersonNm
PTINP01630439PTIN
Phone3172660480PhoneNum
Preparation2020-11-11PreparationDt
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerJAKE BRANDAUPrincipalOfficerNm
Gross Receipts$1,340,337GrossReceiptsAmt
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 Body10VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
CY Contributions Grants$1,340,337CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
CY Total Revenue$1,340,337CYTotalRevenueAmt
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
CY Other Expenses$26,646CYOtherExpensesAmt
CY Total Expenses$26,646CYTotalExpensesAmt
CY Revenues Less Expenses$1,313,691CYRevenuesLessExpensesAmt
Total Assets BOY$48,471TotalAssetsBOYAmt
Total Assets EOY$1,362,162TotalAssetsEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$48,471NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,362,162NetAssetsOrFundBalancesEOYAmt
MissionTO SUPPORT EDUCATIONAL INSTITUTIONS, OPTIONS CHARTER SCHOOLS, NOBLESVILLE AND CARMEL/WESTFIELD.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$24,680ExpenseAmt
DescTO SUPPORT THE OPTIONS CHARTER SCHOOLS IN CARMEL/WESTFIELD AND NOBLESVILLE.Desc
Total Program Service Expenses$24,680TotalProgramServiceExpensesAmt
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 EntityfalseDisregardedEntityInd
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 Members10GoverningBodyVotingMembersCnt
Independent Voting Member10IndependentVotingMemberCnt
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)
PersonMIKE GUSTINPersonNm
Phone3177738659PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line19945 CUMBERLAND POINTE BLVDAddressLine1Txt
CityNOBLESVILLECityNm
State AbbreviationINStateAbbreviationCd
ZIP46060ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
MATTHEW ABBOTT
VICE CHAIRYes (X)$0$0$0
BOB BARKER
MEMBERYes (X)$0$0$0
BRENDA FLOWERS
BOARD MEMBERYes (X)$0$0$0
GORDON HEMINGER
BOARDYes (X)$0$0$0
HANNAH HEUSER
MEMBERYes (X)$0$0$0
THOMAS LYONS III
MEMBERYes (X)$0$0$0
JOHN KERR
MEMBERYes (X)$0$0$0
VALERIE LOVE
MEMBERYes (X)$0$0$0
WILL MATTINGLY
SECRETARY/TRYes (X)$0$0$0
STACY SEGAL
BOARD CHAIRYes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Related Organizations$1,323,525RelatedOrganizationsAmt
All Other Contributions$16,812AllOtherContributionsAmt
Noncash Contributions$1,323,525NoncashContributionsAmt
Total Contributions$1,340,337TotalContributionsAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,340,337TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$6,078TotalAmt
Program Services$6,078ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$1,511TotalAmt
Management And General$1,511ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$16,102TotalAmt
Program Services$16,102ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
SCHOLARSHIPS$2,500$2,500
BANK FEES$523$523
SUPPLIES$115$115
OTHER MISCELLANEOUS-$183-$183

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$26,646TotalAmt
Program Services$24,680ProgramServicesAmt
Management And General$1,966ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$48,471BOYAmt
EOY$38,637EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,323,525LandBldgEquipCostOrOtherBssAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
EOY$1,323,525EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$48,471BOYAmt
EOY$1,362,162EOYAmt

Total Liabilities TotalLiabilitiesGrp

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

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$48,471BOYAmt
EOY$1,362,162EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$48,471BOYAmt
EOY$1,362,162EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$48,471BOYAmt
EOY$1,362,162EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,313,691ReconcilationRevenueExpnssAmt
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$47,469CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$36,393CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$29,708CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$8,890CurrentTaxYearMinus1YearAmt
Current Tax Year$1,340,337CurrentTaxYearAmt
Total$1,462,797TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$47,469CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$36,393CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$29,708CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$8,890CurrentTaxYearMinus1YearAmt
Current Tax Year$1,340,337CurrentTaxYearAmt
Total$1,462,797TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$1,462,797PublicSupportTotal170Amt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$17,644CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$18,193CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$65,154CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$18,137CurrentTaxYearMinus1YearAmt
Total$119,128TotalAmt
FieldValueIRS element (for citing)
Total Support$1,581,925TotalSupportAmt
Gross Receipts Rltd Activities$4GrossReceiptsRltdActivitiesAmt
Public Support CY1700.92470PublicSupportCY170Pct
Public Support PY1700.55800PublicSupportPY170Pct
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
Explanation119,128ExplanationTxt

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$322,840InvestmentCostOrOtherBasisAmt
Book Value$322,840BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,323,525TotalBookValueLandBuildingsAmt

Schedule M IRS990ScheduleM

Real Estate Commercial RealEstateCommercialGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution3ContributionCnt
Noncash Contributions Rpt F990$1,323,525NoncashContributionsRptF990Amt
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 16,102 0 0

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