Avondale Meadows Academy Inc
- Assets
- $23.4m
- Revenue
- $14.4m
- Investments
- $0.0
- Employees
- 182
- Location
- Indianapolis, IN
- Founding
- 07/2005
- Data as of
- 06/2022
- EIN
- 13-4289579
Organization Overview
Avondale Meadows Academy Inc is located in Indianapolis, IN. The organization was established in 2005. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Avondale Meadows Academy Inc employed 182 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Avondale Meadows Academy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Avondale Meadows Academy Inc generated $14.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $13.9m during the year ending 06/2022. While expenses have increased by 7.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE OUNITED SCHOOLS OF INDIANAPOLIS (USI) IS A NETWORK OF TUITION-FREE PUBLIC CHARTER SCHOOLS FOUNDED ON THE CORE KNOWLEDGE CURRICULUM. THE SCHOOLS ARE 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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AVONDALE MEADOWS ACADEMY, INC. DBA UNITED SCHOOLS OF INDIANAPOLIS (USI) OPERATES THREE CHARTER SCHOOLS IN INDIANAPOLIS, INDIANA. THE FIRST, AVONDALE MEADOWS ACADEMY ("AMA"), WAS FOUNDED TO SERVE STUDENTS IN THE AVONDALE MEADOWS COMMUNITY OF INDIANAPOLIS WHO OTHERWISE DID NOT HAVE ACCESS TO QUALITY PUBLIC SCHOOLS. IT OPENED IN 2006 UNDER THE NAME CHALLENGE FOUNDATION ACADEMY. IN SPRING 2014, AMA CHANGED THE NAME TO AVONDALE MEADOWS ACADEMY TO REFLECT THE TIES TO THE LOCAL COMMUNITY. AMA IN GRADES K-5. IN FALL 2014, USI OPENED A SECOND SCHOOL, VISION ACADEMY @ RIVERSIDE ("VAR"), ON THE WEST SIDE OF INDIANAPOLIS. VAR SERVES GRADES K - 8 AND IS NEAR ITS CAPACITY OF 460 STUDENTS. IN FALL 2017, USI OPENED AVONDALE MEADOWS MIDDLE SCHOOL (AMM) IN AN EXPANSION TO THE CURRENT AMA FACILITY. AMMS HAS THE CAPACITY TO SERVE 300 STUDENTS IN GRADES 6-8. CURRENTLY, THEIR ENROLLMENT IS 165.ALL USI SCHOOLS ARE TUITION-FREE QUALITY PUBLIC CHARTER SCHOOLS AND THEIR WORK IS DRIVEN BY THEIR MISSION TO ENSURE EVERY STUDENT REALIZES THEIR FULL POTENTIAL BY PROVIDING EACH STUDENT WITH WHAT HE/SHE NEEDS TO BE SUCCESSFUL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Braverman Board Chair | OfficerTrustee | 1 | $0 |
Bill Harris Vice President | OfficerTrustee | 1 | $0 |
Alex Choi Director | Trustee | 1 | $0 |
Sarah Lofton Director | Trustee | 1 | $0 |
Matt Tait Secretary | OfficerTrustee | 1 | $0 |
Alex Simonton Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Food Services | 6/29/22 | $827,817 |
American Funds Financial Services | 6/29/22 | $430,834 |
Freije Engineered Solutions Engineering Services | 6/29/22 | $312,674 |
Inprs Retirement Service | 6/29/22 | $211,833 |
Five Star Technologu Solutions Technology | 6/29/22 | $171,215 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,108,331 |
| All other contributions, gifts, grants, and similar amounts not included above | $158,686 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,267,017 |
| Total Program Service Revenue | $28,526 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $50,689 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,362,990 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $224,951 |
| Compensation of current officers, directors, key employees. | $74,586 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,713,303 |
| Pension plan accruals and contributions | $321,036 |
| Other employee benefits | $862,927 |
| Payroll taxes | $442,415 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,951 |
| Fees for services: Accounting | $150,061 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $946,259 |
| Advertising and promotion | $0 |
| Office expenses | $461,289 |
| Information technology | $231,327 |
| Royalties | $0 |
| Occupancy | $408,422 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,101,627 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $692,327 |
| Insurance | $51,730 |
| All other expenses | $2,847 |
| Total functional expenses | $13,929,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,795,898 |
| Savings and temporary cash investments | $2,476,655 |
| Pledges and grants receivable | $941,348 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $155,754 |
| Net Land, buildings, and equipment | $16,807,874 |
| Investments—publicly traded securities | $1,176,507 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,354,036 |
| Accounts payable and accrued expenses | $1,313,946 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $19,816,041 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $21,129,987 |
| Net assets without donor restrictions | $1,939,104 |
| Net assets with donor restrictions | $284,945 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $23,354,036 |