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INDIANA MATH AND SCIENCE ACADEMY -INDIANAPOLIS INC: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
INDIANA MATH AND SCIENCE ACADEMY -INDIANAPOLIS INC (EIN 20-5751308)
Tax period
2016-07-01 to 2017-06-30
Filed
2018-03-09
IRS object ID
201820689349300827
Schema version
2016v3.0
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)
Return2018-03-09T15:19:14-06:00ReturnTs
Tax Period End2017-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN351356555PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DONOVAN PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line15151 E US HWY 36AddressLine1Txt
CityAVONCityNm
State AbbreviationINStateAbbreviationCd
ZIP46123ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN205751308EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Indiana Math & Science Academy -BusinessNameLine1Txt
Business Name Line2Indianapolis IncBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlINDIBusinessNameControlTxt
Phone3174622049PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14575 W 38th StAddressLine1Txt
CityIndianapolisCityNm
State AbbreviationINStateAbbreviationCd
ZIP46254ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDavid CoatsPersonNm
Person TitleCHAIRMANPersonTitleTxt
Phone3174622049PhoneNum
Signature2018-02-27SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRex E Miller CPA CGMAPreparerPersonNm
PTINP01081969PTIN
Phone3177456411PhoneNum
Preparation2018-02-27PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address97.78.71.106IPv4AddressTxt
FieldValueIRS element (for citing)
IP2018-02-27IPDt
IP Tm05:17:36IPTm
IP TimezoneESIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device IdED1E535F3DA5709F7E1BECBA9D5018742F993C9FAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDavid CoatsPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line14575 W 38th StAddressLine1Txt
CityIndianapolisCityNm
State AbbreviationINStateAbbreviationCd
ZIP46254ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$5,573,012GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.imsaindy.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2006FormationYr
Legal Domicile StateINLegalDomicileStateCd
Activity Or MissionTO PROVIDE FOR AN ENVIRONMENT OF LEARNING FOR EDUCATIONALLY UNDER-RESOURCED STUDENTS THROUGH A RIGOROUS COLLEGE PREPARATORY PROGRAM FOCUSING ON SCIENCE, MATHEMATICS, AND TECHNOLOGY IN AN ATMOSPHERE THAT PROVIDES STUDENTS, PARENTS, AND TEACHERS OPPORTUNITIES FOR CONTINUOUS GROWTH, ENABLING THEM TO REACH THEIR HIGHEST POTENTIAL IN LIFE.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee88TotalEmployeeCnt
Total Volunteers19TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$4,895,111PYContributionsGrantsAmt
CY Contributions Grants$5,487,080CYContributionsGrantsAmt
PY Program Service Revenue$87,345PYProgramServiceRevenueAmt
CY Program Service Revenue$55,366CYProgramServiceRevenueAmt
PY Investment Income$331PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$18,223PYOtherRevenueAmt
CY Other Revenue$30,566CYOtherRevenueAmt
PY Total Revenue$5,001,010PYTotalRevenueAmt
CY Total Revenue$5,573,012CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,691,319PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$3,333,888CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$2,138,020PYOtherExpensesAmt
CY Other Expenses$2,188,455CYOtherExpensesAmt
PY Total Expenses$4,829,339PYTotalExpensesAmt
CY Total Expenses$5,522,343CYTotalExpensesAmt
PY Revenues Less Expenses$171,671PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$50,669CYRevenuesLessExpensesAmt
Total Assets BOY$4,576,547TotalAssetsBOYAmt
Total Assets EOY$4,402,379TotalAssetsEOYAmt
Total Liabilities BOY$3,786,325TotalLiabilitiesBOYAmt
Total Liabilities EOY$3,561,488TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$790,222NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$840,891NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO PROVIDE FOR AN ENVIRONMENT OF LEARNING FOR EDUCATIONALLY UNDER-RESOURCED STUDENTS THROUGH A RIGOROUS COLLEGE PREPARATORY PROGRAM FOCUSING ON SCIENCE, MATHEMATICS, AND TECHNOLOGY IN AN ATMOSPHERE THAT PROVIDES STUDENTS, PARENTS, AND TEACHERS OPPORTUNITIES FOR CONTINUOUS GROWTH, ENABLING THEM TO REACH THEIR HIGHEST POTENTIAL IN LIFE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$4,198,614ExpenseAmt
Revenue$55,366RevenueAmt
DescTHE ORGANIZATION PROVIDES EDUCATIONAL INSTRUCTION TO APPROXIMATELY 586 STUDENTS IN GRADES KINDERGARTEN THROUGH TWELVE, WITH A FOCUS ON SCIENCE, MATHEMATICS, AND TECHNOLOGY.Desc
Total Program Service Expenses$4,198,614TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document24IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee88EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn0AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldINStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CONCEPT SCHOOLS INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8478243380PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12250 EAST DEVON AVE 215AddressLine1Txt
CityDES PLAINESCityNm
State AbbreviationILStateAbbreviationCd
ZIP60018ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
KENT MILLARD end 0617
BOARD PRESIDENT1.00Yes (X)Yes (X)$0$0$0
MURAT DUNDAR
DIRECTOR1.00Yes (X)$0$0$0
BULENT GULER
DIRECTOR1.00Yes (X)$0$0$0
DAVID COATS
FINANCE CHAIR1.00Yes (X)Yes (X)$0$0$0
M EMIN OZDEMIR End 0617
DIRECTOR1.00Yes (X)$0$0$0
JEANETTE MOODY END 1016
ACADEMIC EXCELLENCE CHAIR1.00Yes (X)Yes (X)$0$0$0
RON ERNST
DIRECTOR1.00Yes (X)$0$0$0
MURAT ATLAMAZ end 0716
DIRECTOR1.00Yes (X)$0$0$0
Murat Gonulalan
DIRECTOR1.00Yes (X)$0$0$0
Lauren Box
DIRECTOR1.00Yes (X)$0$0$0
Jim Schenck end 0117
DIRECTOR1.00Yes (X)$0$0$0
Bernice Valentine-Watts
DIRECTOR1.00Yes (X)$0$0$0
Daniel Pierson
DIRECTOR1.00Yes (X)$0$0$0
Toby Miller
DIRECTOR1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
STUDENT TRANSIT LLC
1 SODREL DRIVEJEFFERSONVILLEIN47130STUDENT TRANSPORTATION$456,698
CONCEPT SCHOOLS INC
2250 EAST DEVON AVENUE SUITE 225DES PLAINESIL60018MANAGEMENT$350,823
VISIONARY SCHOOLS TRUST
2250 EAST DEVON AVENUE SUITE 225DES PLAINESIL60018Insurance$328,393
CERES FOODS
5343 WEST ROSCOE STREETCHICAGOIL606414141FOOD SERVICE$312,492
CITY WIDE PAVING
6341 WEST MINNESOTA STREETINDIANAPOLISIN46241PAVING$188,999
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K5CntrctRcvdGreaterThan100KCnt
Government Grants$5,487,080GovernmentGrantsAmt
Total Contributions$5,487,080TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescPROGRAM FEESDesc
Business611710BusinessCd
Total Revenue Column$55,366TotalRevenueColumnAmt
Related Or Exempt Func Income$55,366RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$55,366TotalProgramServiceRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOtherDesc
Business900099BusinessCd
Total Revenue Column$30,566TotalRevenueColumnAmt
Related Or Exempt Func Income$30,566RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$30,566OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,573,012TotalRevenueColumnAmt
Related Or Exempt Func Income$85,932RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,675,435TotalAmt
Program Services$2,120,323ProgramServicesAmt
Management And General$555,112ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$199,677TotalAmt
Program Services$147,871ProgramServicesAmt
Management And General$51,806ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$267,289TotalAmt
Program Services$201,313ProgramServicesAmt
Management And General$65,976ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$191,487TotalAmt
Program Services$151,942ProgramServicesAmt
Management And General$39,545ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$410,794TotalAmt
Management And General$410,794ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$10,002TotalAmt
Management And General$10,002ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$15,200TotalAmt
Management And General$15,200ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$166,507TotalAmt
Program Services$118,828ProgramServicesAmt
Management And General$47,679ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$42,730TotalAmt
Management And General$42,730ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$142,058TotalAmt
Program Services$116,874ProgramServicesAmt
Management And General$25,184ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$5,036TotalAmt
Program Services$5,036ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$196,352TotalAmt
Program Services$196,352ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$7,993TotalAmt
Program Services$3,919ProgramServicesAmt
Management And General$4,074ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$33,394TotalAmt
Program Services$33,394ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$197,984TotalAmt
Program Services$197,984ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$23,016TotalAmt
Management And General$23,016ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
STUDENT TRANSPORTATION$403,488$403,488
FOOD SERVICE$360,926$360,926
TEXTBOOKS$54,941$54,941
STAFF DEVELOPMENT & REC$21,366$21,366

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$96,668TotalAmt
Program Services$64,057ProgramServicesAmt
Management And General$32,611ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,522,343TotalAmt
Program Services$4,198,614ProgramServicesAmt
Management And General$1,323,729ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$603,505BOYAmt
EOY$559,026EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$110,453BOYAmt
EOY$0EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$104,494BOYAmt
EOY$68,811EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$23,475BOYAmt
EOY$25,000EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$5,047EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$4,213,052LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$468,557LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$3,734,620BOYAmt
EOY$3,744,495EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$4,576,547BOYAmt
EOY$4,402,379EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$535,959BOYAmt
EOY$473,640EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$3,250,366BOYAmt
EOY$3,087,848EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,786,325BOYAmt
EOY$3,561,488EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$790,222BOYAmt
EOY$840,891EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$790,222BOYAmt
EOY$840,891EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,576,547BOYAmt
EOY$4,402,379EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$50,669ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$24,800OtherCostOrOtherBasisAmt
Book Value$24,800BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,997,424OtherCostOrOtherBasisAmt
Depreciation$362,313DepreciationAmt
Book Value$3,635,111BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$168,477OtherCostOrOtherBasisAmt
Depreciation$85,072DepreciationAmt
Book Value$83,405BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$22,351OtherCostOrOtherBasisAmt
Depreciation$21,172DepreciationAmt
Book Value$1,179BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$3,744,495TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$5,573,012TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$5,573,012RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$5,573,012TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$5,522,343TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$5,522,343ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$5,522,343TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart X, Line 2:FormAndLineReferenceDesc
ExplanationProfessional 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 2013 are open to audit for both federal and state purposes.ExplanationTxt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule E, Part I, Line 3ENROLLMENT APPLICATIONS ARE PROVIDED ONLINE AT WWW.IMSAINDY.ORG. THE ADMISSION POLICY CLEARLY STATES THAT ENROLLMENT IS OPEN TO ALL STUDENTS ON A SPACE AVAILABLE BASIS AND THAT THE SCHOOL DOES NOT DISCRIMINATE IN ANY MANNER.
Schedule E, Part I, Line 6THE ORGANIZATION RECEIVES STATE FUNDS UNDER THE INDIANA CHARTER SCHOOLS ACT (INDIANA CODE 20-24). THE ORGANIZATION ALSO RECEIVES FEDERAL FUNDS UNDER GRANTS FOR INSTRUCTION AND SCHOOL LUNCHES.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, line 3THE ORGANIZATION HAS CONTRACTED WITH CONCEPT SCHOOLS, INC. TO PROVIDE EDUCATIONAL, ADMINISTRATIVE AND MANAGEMENT SERVICES.
Form 990, Part VI, Section A, line 8bTHE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT ARE AUTHORIZED TO ACT ON BEHALF OF THE GOVERNING BODY.
Form 990, Part VI, Section B, line 11bAN ELECTRONIC COPY OF THE FORM 990 IS EMAILED TO EACH MEMBER OF THE BOARD OF DIRECTORS FOR COMMENT PRIOR TO FILING.
Form 990, Part VI, Section B, line 12cMEMBERS OF THE BOARD OF DIRECTORS ARE NOT REQUIRED TO SUBMIT AN ANNUAL DISCLOSURE OF INTERESTS DOCUMENT; HOWEVER, MEMBERS ARE REQUIRED TO DISCLOSE ANY MATTERS INVOLVING A POTENTIAL CONFLICT AT THE TIME THAT THE MATTER ARISES. AT BOARD OF DIRECTORS MEETINGS, ANY POTENTIAL CONFLICTS WITH AN ISSUE AT HAND ARE PRESENTED AND DISCUSSED. THE PARTY IN CONFLICT IS PRECLUDED FROM ADVOCATING FOR THE ACTION TO BE TAKEN AND FROM VOTING ON THE MATTER. THE BOARD MINUTES REPORT THE NATURE OF THE CONFLICT AND ITS RESOLUTION.
Form 990, Part VI, Section B, line 15THE ORGANIZATION IS MANAGED BY CONCEPT SCHOOLS, INC. AND AS SUCH DOES NOT DIRECTLY EMPLOY A CEO, EXECUTIVE DIRECTOR, OR OTHER EXECUTIVE PERSONNEL. THE COMPENSATION OF SCHOOL EMPLOYEES IS DETERMINED BY REFERENCE TO INDUSTRY NORMS AND APPROVED BY THE BOARD OF DIRECTORS.
Form 990, Part VI, Section C, line 19GOVERNING DOCUMENTS ARE MADE AVAILABLE AT BOARD MEETINGS, WHICH ARE OPEN TO THE PUBLIC, AS WELL AS UPON REQUEST.
Form 990, Part XII, Line 2c:THE ORGANIZATION'S OVERSIGHT PROCESS AND SELECTION PROCESS HAVE NOT CHANGED DURING THE TAX YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationInd
IN MATH & SCIENCE ACADEMY - NORTH
7435 NORTH KEYSTONE AVENUEINDIANAPOLISIN46240272184783EDUCATIONIN501(c)(3)Line 2NOT APPLICABLE0
IN MATH & SCIENCE ACADEMY - SOUTH
2710 BETHEL AVENUEINDIANAPOLISIN46203454992195EDUCATIONIN501(c)(3)Line 2NOT APPLICABLE0
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other OrgYes (1)AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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