2017-04-27T12:09:54-05:00 2016-06-30 410746749 CLIFTONLARSONALLEN LLP 9365 COUNSELORS ROW STE 200 INDIANAPOLIS IN 46240 990 2015-07-01 364729586 PHALEN LEADERSHIP ACADEMY - INDIANA PHAL 3173336980 2323 NORTH ILLINOIS STREET INDIANAPOLIS IN 46208 EARL MARTIN PHALEN CHAIRMAN 3173336980 2017-04-27 1 RT MURPHY P00843752 3175749100 2015 2021-01-29 14:40:06Z EARL MARTIN PHALEN 2323 NORTH ILLINOIS STREET INDIANAPOLIS IN 46208 8061146 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 THIER 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. 6 3 97 0 0 0 2185501 4477268 2214232 3580962 0 0 7201 2916 4406934 8061146 0 0 0 0 1733271 3273523 0 0 0 1943679 3312597 3676950 6586120 729984 1475026 1949097 9741929 161561 6479367 1787536 3262562 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 4498424 3583878 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, ONGOING ASSESSMENT TO MEASURE PROGRESS, AND LONGER SCHOOL DAYS AND ACADEMIC YEAR (8HR. DAY VS. THE TRADITIONAL 6.5HR DAY AND A TOTAL OF 200 DAYS VS. THE TRADITIONAL 180 DAYS). 4498424 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 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 21 0 0 97 1 0 0 0 0 0 0 0 0 X 6 3 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X EVA SPIKER 4105983087 386 HARWIN DRIVE SEVERNA PARK MD 21146 KRISTOPHER KINGERY DIRECTOR 0.80 X 0 0 0 MICHELLE REEVES DIRECTOR 0.80 X 0 0 0 EARL MARTIN PHALEN DIRECTOR 0.80 10.00 X X 0 226269 0 JIM PHALEN DIRECTOR 0.80 X 0 0 0 TERRA SMITH DIRECTOR 0.80 20.00 X 0 190878 0 DON STINSON DIRECTOR 0.30 X 0 0 0 0 417147 0 0 0 1 0 CHARTER SCHOOLS DEVELOPMENT CORP 6731 COLUMBIA GATEWAY DRIVE STE 22 COLUMBIA MD 21046 FACILITY LEASE PAYMENTS 435360 REMARKABLE CREATIVE ENTERPRISES LLC 8128 ZIONSVILLE ROAD INDIANAPOLIS IN 46268 PAINTING/REMODEL SERVICES 368460 2 695388 3781880 4477268 STUDENT EDUCATION 611600 3580962 3580962 3580962 OTHER INCOME 900099 2916 2916 2916 8061146 3583878 0 0 2592119 1898194 693925 165536 165536 295216 224380 70836 220652 166339 54313 1058185 504 1057681 3855 3855 41550 41550 18915 18915 92379 92379 1028526 1003318 25208 21673 11855 9818 81461 81461 301442 301442 53422 53422 MATERIALS AND SUPPLIES 340551 317314 23237 NUTRITIONAL SUPPORT 236885 234719 2166 PROFESSIONAL DEVELOPMEN 25872 5965 19907 MISCELLANEOUS 7881 287 7594 6586120 4498424 2087696 0 1505610 1867486 6062 337232 146466 60690 0 7883152 492407 376735 7390745 1949097 9741929 161561 532295 5947072 161561 6479367 X 548163 2525792 1239373 736770 1787536 3262562 1949097 9741929 1475026 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 771200 771200 6009548 131294 5878254 745376 276365 469011 357028 84748 272280 7390745 X 8061146 0 8061146 0 8061146 6586120 0 6586120 0 6586120 PART X, LINE 2: 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 THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2016, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE U.S. FEDERAL AND STATE INCOME TAX RETURNS OF PLA ARE SUBJECT TO EXAMINATION BY THE IRS AND STATE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. 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 0 226269 0 0 0 0 0 0 0 0 0 226269 0 0 TERRA SMITH DIRECTOR 0 190878 0 0 0 0 0 0 0 0 0 190878 0 0 ENTREPRENEURIAL VENTURES IN EDUCATION INC DBA SUMMER ADVANTAGE FULLY OWNED SUBSIDIARY CASH FLOW TIMING X 188616 146466 0 0 1 146466 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 11 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. ENTREPRENEURIAL VENTURES IN EDUCATION 1001 MARINA DRIVE STE 410 QUINCY MA 02171 263185485 EDUCATION MA 501C(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 ENTREPRENEURIAL VENTURES IN EDUCATION Q 1014052 FMV