2013-05-15T15:44:58-05:00 2012-06-30 SIKICH LLP 8555 N RIVER RD STE 300 INDIANAPOLIS IN 46240 990 2011-07-01 134289579 CHALLENGE FOUNDATION ACADEMY INC CHAL 3178033182 3980 MEADOWS DRIVE INDIANAPOLIS IN 46205 KYLE ROUSE 3178033182 2013-02-15 true STEVEN R IMLER CPA 3178424466 2013-05-15 2011 2016-02-24 21:20:13Z KYLE ROUSE 3980 MEADOWS DRIVE INDIANAPOLIS IN 46205 4892133 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 56 248 0 4973558 4779370 44957 59949 9277 9715 109691 43099 5137483 4892133 0 0 2428358 2675286 0 2461 1989267 2428358 4664553 2709125 227580 5277447 5553182 2061737 2232216 3215710 3320966 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 3605014 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. 3605014 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 false false false false false false false false false false false false false false false false false false false true 26 0 56 true false false false false false false 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 112624 0 22198 112624 22198 1 false false false ENTERPRISE ELECTRICAL & MECHANICAL 9211 CASTELGATE DRIVE INDIANAPOLIS IN 46256 CONSTRUCTION 257424 CHALLENGE FOUNDATION PROPERTIES 1231 NW HOYT ST SUITE 304 PORTLAND OR 97209 RENT 242000 2 4632185 147185 4779370 SCHOOL LUNCH PROGRAM 27110 27110 STUDENT FEES 26100 26100 TEXTBOOK RENTALS 6739 6739 59949 9715 9715 OTHER 43099 43099 43099 4892133 112763 112624 99414 13210 2009150 1768803 240347 160523 141695 18828 231797 204609 27188 161192 142286 18906 642091 305043 335693 1355 4792 4792 560931 455038 105893 43609 5271 38338 75306 75306 235112 188090 47022 NUTRITION SUPPORT 211969 211969 COURSE MATERIALS 139817 78004 60707 1106 MISCELLANEOUS 75640 75640 4664553 3605014 1057078 2461 1344241 1425931 1563343 1716445 11399 36770 2654017 1031305 1609272 1622712 749192 751324 5277447 5553182 164287 183575 1897450 1872450 176191 2061737 2232216 X 2841504 2891713 374206 429253 3215710 3320966 5277447 5553182 X 227580 -122324 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false false false 1135513 63187 1072326 1518512 968122 550390 1622716 751324 751324 ACCRUED INTEREST COMMON SCHOOL LOAN 151943 DEFERRED LEASE INCENTIVES 24248 176191 4892133 4664553 227580 227580 4932133 40000 40000 4892133 4892133 4704553 40000 40000 4664553 4664553 LIABILITY UNDER FIN 48 FOOTNOTE SCHEDULE D, PAGE 3, PART X THE ACADEMY HAS ADOPTED THE PROVISIONS OF UNCERTAIN TAX POSITIONS DISCLOSURE TOPICS OF FASB ASC, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS NOT BEEN MET. THIS GUIDANCE ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE, AND TRANSITION. IN THE NORMAL COURSE OF BUSINESS, THE ACADEMY IS SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. THE ACADEMYS TAX RETURNS FOR YEARS SUBSEQUENT TO FISCAL YEAR 2008 ARE OPEN, BY STATUTE, FOR REVIEW BY AUTHORITIES. HOWEVER, AT PRESENT THERE ARE NO ONGOING INCOME TAX AUDITS OR UNRESOLVED DISPUTES WITH THE VARIOUS TAX AUTHORITIES THAT THE ACADEMY CURRENTLY FILES OR HAS FILED. true true true true true true true false false false false false false false false true false true FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION SCHEDULE E LINE 6 RECEIVED GOVERNMENTAL GRANTS TO SUPPORT EDUCATION 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 CONFLICR EXSITS 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. OTHER CHANGES IN NET ASSETS EXPLANATION FORM 990, PART XI, LINE 5 PRIOR PERIOD AUDIT ADJUSTMENT OF 122,324 DUE TO A DISCOVERED UNDERSTATEMENT OF COMMON SCHOOL LOANS AND DEFERRED LEASE INCENTIVES.