AVONDALE MEADOWS ACADEMY INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- AVONDALE MEADOWS ACADEMY INC (EIN 13-4289579)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-03-29
- IRS object ID
- 201200899349300120
- Schema version
- 2010v3.4
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-03-29T12:22:32-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KSM BUSINESS SERVICES INC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 40857 | AddressLine1 |
| City | INDIANAPOLIS | City |
| State | IN | State |
| ZIP Code | 462400857 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 134289579 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHALLENGE FOUNDATION ACADEMY INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CHAL | NameControl |
| Phone | 3178033182 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3980 MEADOWS DRIVE | AddressLine1 |
| City | INDIANAPOLIS | City |
| State | IN | State |
| ZIP Code | 46205 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | FRED D SCOTT JR | Name |
| Title | PRESIDENT | Title |
| Phone | 3178033182 | Phone |
| Date Signed | 2012-03-01 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | TERENCE M O'NEIL | Name |
| Phone | 3175802000 | Phone |
| Date Prepared | 2012-03-01 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | ROSE MAYS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3980 MEADOWS DRIVE | AddressLine1 |
| City | INDIANAPOLIS | City |
| State | IN | State |
| ZIP Code | 46205 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 5137483 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.TEAMCFAINDY.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2005 | YearFormation |
| State Legal Domicile | IN | StateLegalDomicile |
| Activity Or Mission Description | ENSURING THAT ALL STUDENTS FROM GRADE K-5 ATTAIN BASIC SKILLS APPROPRIATE TO THEIR AGE AND GRADE LEVEL. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 8 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 8 | NbrIndependentVotingMembers |
| Total Nbr Employees | 43 | TotalNbrEmployees |
| Total Nbr Volunteers | 500 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 3970121 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 4973558 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 36739 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 44957 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 7667 | InvestmentIncomePriorYear |
| Investment Income Current Year | 9277 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 13369 | OtherRevenuePriorYear |
| Other Revenue Current Year | 109691 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 4027896 | TotalRevenuePriorYear |
| Total Revenue Current Year | 5137483 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1891220 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2428358 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1741331 | OtherExpensePriorYear |
| Other Expenses Current Year | 1872534 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 3632551 | TotalExpensesPriorYear |
| Total Expenses Current Year | 4300892 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 395345 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 836591 | RevenuesLessExpensesCY |
| Total Assets BOY | 4319445 | TotalAssetsBOY |
| Total Assets EOY | 5277447 | TotalAssetsEOY |
| Total Liabilities BOY | 2024268 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 2061737 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 2295177 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 3215710 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE FOUNDATION'S MISSION IS TO OFFER ALL CHILDREN A BETTER CHANCE IN LIFE AND CREATE A FAIRER AND MORE LITERATE SOCIETY BY EDUCATING AMERICA'S YOUTH IN A SOLID,SPECIFIC,SEQUENCED,AND SHARED CURRICULUM. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 3707233 | Expense |
| Revenue | 154648 | Revenue |
| Description | CHALLENGE FOUNDATION ACADEMY, INC IS A COMMUNITY BASED ELEMENTARY SCHOOL THAT NUTURES ACADEMIC EXCELLENCE, SOCIAL DEVELOPMENT AND CIVIC RESPONSIBILITY IN EVERY INDIVIDUAL. THE TOTAL STUDENT ENROLLMENT IS 480. | Description |
| Total Program Service Expense | 3707233 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 25 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 43 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 8 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 8 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | IN | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOOKKEEPING PLUS INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3174622049 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 232 EAST MCCLARNON DRIVE | AddressLine1 |
| City | GREENFIELD | City |
| State | IN | State |
| ZIP Code | 46140 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (8 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| ROSE M MAYS | ||||||
| BOARD PRESIDENT | 5.00 | X | X | 0 | 0 | 0 |
| LOIS JOHNSON | ||||||
| SECRETARY | 5.00 | X | X | 0 | 0 | 0 |
| OWEN B MELTON | ||||||
| TREASURER | 5.00 | X | X | 0 | 0 | 0 |
| TRACEY BANKER | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| ANNE KNALL | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| CHARLIE GARCIA | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| DARRELL E ZINK JR | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| CHARLES SCHLEGEL | ||||||
| CERTIFIED DIRECTOR | 40.00 | X | 120000 | 0 | 9000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 120000 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 9000 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (4 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| GARCIA CONSTRUCTION | |||||
| 6002 N MICHIGAN ROAD | INDIANAPOLIS | IN | 43228 | CONSTRUCTION | 623014 |
| ENTERPRISE ELECTRICAL | |||||
| 9211 CASTLEGATE DRIVE | INDIANAPOLIS | IN | 46256 | CONSTRUCTION | 249229 |
| REAL TASTE CATERING | |||||
| 5310 DICKSON ROAD | INDIANAPOLIS | IN | 46226 | FOOD PREPARATION | 210624 |
| ENTREPRENEURIAL VENTURES IN EDUCATION I | |||||
| 1001 MARINA DRIVE 410 | QUINCY | MA | 02171 | SUMMER SCHOOL | 150000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 4 | NumberOfContractorsGT100K |
| Government Grants | 4626229 | GovernmentGrants |
| All Other Contributions | 347329 | AllOtherContributions |
| Total Contributions | 4973558 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| STUDENT LUNCH RECEIPTS | 900004 | 23261 | 23261 |
| STUDENT FEES | 900004 | 15674 | 15674 |
| TEXTBOOK RENTAL | 900004 | 6022 | 6022 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 44957 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 9277 | TotalRevenueColumn |
| Exclusion | $9,277 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| OVERPAYMENTS/REIMBURSE | 900004 | 86677 | 86677 |
| MISCELLANEOUS REVENUE | 900004 | 23014 | 23014 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 109691 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 5137483 | TotalRevenueColumn |
| Related Or Exempt Function Income | 154648 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $9,277 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 129000 | Total |
| Management And General | 129000 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1825378 | Total |
| Program Services | 1619957 | ProgramServices |
| Management And General | 205421 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 156029 | Total |
| Program Services | 129330 | ProgramServices |
| Management And General | 26699 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 166985 | Total |
| Program Services | 138412 | ProgramServices |
| Management And General | 28573 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 150966 | Total |
| Program Services | 125134 | ProgramServices |
| Management And General | 25832 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20354 | Total |
| Management And General | 20354 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 68620 | Total |
| Management And General | 68620 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 49412 | Total |
| Program Services | 49412 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 591449 | Total |
| Program Services | 591449 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14612 | Total |
| Program Services | 14612 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 291621 | Total |
| Program Services | 291621 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 33248 | Total |
| Program Services | 33248 | ProgramServices |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| FOOD PREP AND PURCHASES | 217290 | 217290 | |
| OTHER PROFESSIONAL AND | 165301 | 165301 | |
| OFFICE OF THE PRINCIPAL | 88518 | 88518 | |
| SUPPLIES | 67369 | 67369 | |
| INSTRUCTIONAL STAFF TRA | 52596 | 52596 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 212144 | Total |
| Program Services | 211502 | ProgramServices |
| Management And General | 642 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4300892 | Total |
| Program Services | 3707233 | ProgramServices |
| Management And General | 593659 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1540198 | BOY |
| EOY | 1344241 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1312234 | BOY |
| EOY | 1563343 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28650 | BOY |
| EOY | 11399 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 2405465 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 796193 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 710736 | BOY |
| EOY | 1609272 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 727627 | BOY |
| EOY | 749192 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4319445 | BOY |
| EOY | 5277447 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 101818 | BOY |
| EOY | 164287 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1922450 | BOY |
| EOY | 1897450 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2024268 | BOY |
| EOY | 2061737 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2062249 | BOY |
| EOY | 2841504 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 232928 | BOY |
| EOY | 374206 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2295177 | BOY |
| EOY | 3215710 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4319445 | BOY |
| EOY | 5277447 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 836591 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 83942 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 0 | FSAudited |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1949748 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3331749 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3506053 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3970121 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4973558 | CurrentTaxYear |
| Total | 17731229 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1949748 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3331749 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3506053 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3970121 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4973558 | CurrentTaxYear |
| Total | 17731229 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 17731229 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 8473 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 15316 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2903 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 7667 | CurrentTaxYearMinus1Year |
| Current Tax Year | 9277 | CurrentTaxYear |
| Total | 43636 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 13369 | CurrentTaxYearMinus1Year |
| Current Tax Year | 109691 | CurrentTaxYear |
| Total | 123060 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 17897925 | TotalSupport |
| Gross Receipts From Admissions Etc | 135402 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.99070 | PublicSupportPertcentage170 |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
| General Explanation | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OVERPAYMENTS/REIMBURSEMENTS SALES TAX REFUNDS OTHER REVENUE | GeneralExplanation |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 10000 | OtherCostOrOtherBasis |
| Book Value | 10000 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1129156 | OtherCostOrOtherBasis |
| Depreciation | 32789 | Depreciation |
| Book Value | 1096367 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1266309 | OtherCostOrOtherBasis |
| Depreciation | 763404 | Depreciation |
| Book Value | 502905 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 1609272 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| FIFTH THIRD BANK-CD | 500000 | C |
| STIFEL NICOLAUS | 249192 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 749192 | TotalOfBookValueSecurities |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GARCIA CONSTRUCTION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | BOARD MEMBER CHARLES GARCIA IS PRESIDENT OF GARCIA CONSTRUCTION. | Relationship |
| Amount Of Transaction | 623014 | AmountOfTransaction |
| Description Of Transaction | CONTRACT; CHARLES GARCIA IS A BOARD MEMBER OF CHALLENGE FOUNDATION ACADEMY INC. HE IS PRESIDENT OF GARCIA CONSTRUCTION. CHALLENGE ACADEMY CONTRACTED WITH GARCIA CONSTRUCTION FOR A CONSTRUCTION PROJECT. THIS WAS AN ARMS-LENGTH TRANSACTION. MR. GARCIA ABSTAINED FROM ANY BOARD DISCUSSIONS AND DECISIONS REGARDING THE CONTRACT. | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE BOARD OF DIRECTORS REVIEW THE FORM 990 BEFORE THEY GIVE THEIR APPROVAL. | |
| IF SOMEONE OF AUTHORITY REALIZES A CONFLICT EXISTS IT IS BROUGHT TO THE BOARDS ATTENTION, DISCUSSED AND RESOLVED. | FORM 990, PART VI, SECTION B, LINE 12C | |
| COMPENSATION IS DETERMINED BY THE CURRENT INDUSTRY STANDARD AND PRESENTED TO THE BOARD. THE BOARD DISCUSSES, APPROVES, AND A FINAL MOTION IS MADE TO APPROVE THE COMPENSATION. | FORM 990, PART VI, SECTION B, LINE 15 | |
| THE VARIOUS DOCUMENTS CAN BE SEEN AT THE SCHOOL UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | DONATED SERVICES AND USE OF FACILITIES: 83,942. | FORM 990, PART XI, LINE 5: |