2014-05-15T11:52:55-05:00 2013-06-30 SIKICH LLP 8555 N RIVER RD STE 300 INDIANAPOLIS IN 46240 990 2012-07-01 134289579 CHALLENGE FOUNDATION ACADEMY INC CHAL 3178033182 3980 MEADOWS DRIVE INDIANAPOLIS IN 46205 KYLE ROUSE 3178033182 2014-05-14 true STEVEN R IMLER CPA 3178424466 2014-05-15 2012 2015-11-30 17:44:51Z KYLE ROUSE 3980 MEADOWS DRIVE INDIANAPOLIS IN 46205 5834436 false X WWW.INDY.TEAMCFA.ORG X 2005 IN THE ACADEMY IS A KINDERGARTEN THROUGH GRADE 5 TUITION-FREE QUALITY PUBLIC CHARTER SCHOOL FOUNDED ON THE CORE KNOWLEDGE CURRICULUM. THE ACADEMY IS OPEN TO ALL STUDENTS. THE CORE FOCUS IS TO PROVIDE AN OUTSTANDING EDUCATION FOR OUR CHILDREN EQUIPPING THEM WITH THE KNOWLEDGE, WISDOM, CORE VALUES, AND BEHAVIORS TO BE SUCCESSFUL IN LIFE. 11 11 62 20 0 4779370 5527605 59949 53916 9715 8410 43099 244505 4892133 5834436 0 0 2675286 3097705 0 0 1989267 2013111 4664553 5110816 227580 723620 5553182 4196784 2232216 152198 3320966 4044586 X THE ACADEMY IS A KINDERGARTEN THROUGH GRADE 5 TUITION-FREE QUALITY PUBLIC CHARTER SCHOOL FOUNDED ON THE CORE KNOWLEDGE CURRICULUM. THE ACADEMY IS OPEN TO ALL STUDENTS. THE CORE FOCUS IS TO PROVIDE AN OUTSTANDING EDUCATION FOR OUR CHILDREN EQUIPPING THEM WITH THE KNOWLEDGE, WISDOM, CORE VALUES, AND BEHAVIORS TO BE SUCCESSFUL IN LIFE. false false 3747529 53916 THE ACADEMYS MISSION IS TO OFFER ALL CHILDREN A BETTER CHANCE IN LIFE AND CREATE A FAIRER AND MORE LITERATE SOCIETY BY EDUCATING AMERICAS YOUTH IN A SOLID, SPECIFIC, SEQUENCED, AND SHARED CURRICULUM. THE ACADEMY ENSURES THAT ALL STUDENTS FROM GRADE K-5 ATTAIN BASIC SKILLS APPROPRIATE TO THEIR AGE AND GRADE LEVEL. 3747529 true true false false false false false false false false true true false false true true true false true false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 16 0 62 true false false false false false false X 11 11 false false false false false false false true true false false true true true true true true true false false IN X BOOKKEEPING PLUS INC 3174622049 232 EAST MCCLARNON GREENFIELD IN 46140 ROSE M MAYS PHD 1.00 X X 0 0 0 BUD MELTON JR 1.00 X X 0 0 0 LOLETA JOHNSON 1.00 X X 0 0 0 SHIRLEY THOMAS 1.00 X 0 0 0 WILLIAM M STEINBROOK JR 1.00 X 0 0 0 CHARLES GARCIA 1.00 X 0 0 0 TRACY BANKER 1.00 X 0 0 0 GENE ZINK JR 1.00 X 0 0 0 ANNE J KNALL 1.00 X 0 0 0 JUDITH HALL 1.00 X 0 0 0 JOHN ACKERMAN 1.00 X 0 0 0 CHARLES SCHLEGEL 40.00 X 153737 0 22198 KELLY HERRON 40.00 X 82176 0 4250 235913 26448 1 false true false X 5269259 258346 5527605 STUDENT FEES 27085 27085 SCHOOL LUNCH PROGRAM 21358 21358 TEXTBOOK RENTALS 5473 5473 53916 8410 8410 OTHER REVENUE 148934 148934 CHANGE IN LEG. FUNDING 95571 95571 244505 5834436 306831 X 243942 191344 52598 2318324 1818453 499871 96991 76078 20913 267758 210025 57733 170690 133886 36804 635775 320920 314855 279 279 584665 468098 116567 54480 11469 43011 76912 76912 261611 206673 54938 NUTRITION SUPPORT 215118 215118 COURSE MATERIALS 157874 95186 62688 MISCELLANEOUS 26397 26397 5110816 3747529 1363287 0 1425931 2083196 1716445 252989 36770 45811 2855524 1292917 1622712 1562607 751324 252181 5553182 4196784 183575 135814 1872450 176191 16384 2232216 152198 X 2891713 3523020 429253 521566 3320966 4044586 5553182 4196784 723620 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1156814 91819 1064995 969259 584643 384616 729451 616455 112996 1562607 252181 252181 DEFERRED LEASE INCENTIVES 16384 ACCRUED INTEREST COMMON SCHOOL LOAN 16384 X 5887769 53333 53333 5834436 5834436 5164149 53333 53333 5110816 5110816 LIABILITY UNDER FIN 48 FOOTNOTE SCHEDULE D, PAGE 3, PART X THE ACADEMY HAS EVALUATED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS. CURRENTLY, THE TAX YEARS OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE ARE THE 2009, 2010 AND 2011 TAX YEARS. HOWEVER, THE ACADEMY IS NOT CURRENTLY UNDER AUDIT NOR HAS THE ACADEMY BEEN CONTACTED BY ANY JURISDICTION. BASED ON THE EVALUATION OF THE ACADEMY'S TAX POSITIONS, MANAGEMENT BELIEVES ALL TAX POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THERFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEARS ENDED JUNE 30, 2013 OR 2012. true true true true true true true false false false false false false false false true false true PUBLICATION OF NONDISCRIMINATORY POLICY IN MEDIA EXPLANATION SCHEDULE E LINE 3 THE ORGANIZATION IS A PUBLIC SCHOOL PURSUANT TO THE ENABLING STATUTE IC 205522 THE ORGANIZATION IS SUBJECT TO ALL FEDERAL AND STATE LAWS THAT PROHIBIT DISCRIMINATION FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION SCHEDULE E LINE 6 RECEIVED GOVERNMENTAL GRANTS TO SUPPORT EDUCATION false false false false false false false false false CHARLES SCHLEGEL 153737 22198 175935 ORGANIZATION'S MISSION FORM 990 - ORGANIZATION'S MISSION THE ACADEMY IS A KINDERGARTEN THROUGH GRADE 5 TUITION-FREE QUALITY PUBLIC CHARTER SCHOOL FOUNDED ON THE CORE KNOWLEDGE CURRICULUM. THE ACADEMY IS OPEN TO ALL STUDENTS. THE CORE FOCUS IS TO PROVIDE AN OUTSTANDING EDUCATION FOR OUR CHILDREN EQUIPPING THEM WITH THE KNOWLEDGE, WISDOM, CORE VALUES, AND BEHAVIORS TO BE SUCCESSFUL IN LIFE. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD OF DIRECTORS REVIEWS THE FORM 990 BEFORE THEY GIVE THEIR APPROVAL. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C IF SOMEONE OF AUTHORITY REALIZES A CONFLICT EXISTS IT IS BROUGHT TO THE BOARD'S ATTENTION, DISCUSSED AND RESOLVED. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION IS DETERMINED BY THE CURRENT INDUSTRY STANDARD AND PRESENTED TO THE BOARD, THE BOARD DISCUSSES, APPROVES, AND FINAL MOTION IS MADE TO APPROVE THE COMPENSATION. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 THE VARIOUS DOCUMENTS CAN BE SEEN AT THE SCHOOL UPON REQUEST. ADDITIONAL INFORMATION FORM 990, PART VIII LINE 11B - IN 2013, THE INDIANA LEGISLATURE PASSED AMENDMENTS TO THE INDIANA CHARTER SCHOOLS ACT THAT ALTERED THE MANNER IN WHICH CHARTER SCHOOLS ARE FUNDED. PRIOR TO THE ENACTMENT, CHARTER SCHOOLS RECEIVED FUNDING IN THE CALENDAR YEAR FOLLOWING THE START OF THE ACADEMIC SCHOOL YEAR. AS SUCH, THE SCHOOL FOLLOWED THE PRACTICE OF RECOGNIZING AT JUNE 30 OF EACH YEAR A RECEIVABLE FOR PAYMENTS TO BE MADE TO THE SCHOOL IN THE SUBSEQUENT JULY THROUGH DECEMBER TIME PERIOD, WHICH REPRESENTS AMOUNTS DUE FOR SERVICES RENDERED. THE EFFECT OF THESE LEGISLATIVE AMENDMENTS HAS BEEN REFLECTED ON LINE 11B AS A 95,571 GAIN DUE TO CHANGES IN LEGISLATIVE FUNDING. OTHER FEES FOR SERVICES FORM 990, PART IX, LINE 11G OUTSIDE SERVICE 320,920 314,855 0