Hoosier Academy Inc
- Assets
- $1.4m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 84
- Location
- Indianapolis, IN
- Founding
- 05/2008
- Data as of
- 06/2021
- EIN
- 20-5926653
Organization Overview
Hoosier Academy Inc is located in Indianapolis, IN. The organization was established in 2008. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Hoosier Academy Inc employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hoosier 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 06/2021, Hoosier Academy Inc generated $5.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (21.1%) each year. All expenses for the organization totaled $5.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (21.1%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF HOOSIER ACADEMIES IS TO PROVIDE A PARTNERSHIP WITH PARENTS THAT STRIVES FOR CONTINUED GROWTH AND IMPROVEMENT IN FAMILY SATISFACTION, STUDENT ACHIEVEMENT, AND SOCIAL ENRICHMENT. WE EMBRACE OUR CULTURALLY DIVERSE SCHOOL COMMUNITY AND BELIEVE SCHOOL ACCOUNTABILITY, TEACHER COMPETENCE, AND PARENT INVOLVEMENT MUST BE AT THE CENTER OF STUDENT LEARNING AND ACHIEVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES EDUCATIONAL INSTRUCTION TO STUDENTS IN GRADES KINDERGARTEN THROUGH TWELVE, BOTH IN A TRADITIONAL SETTING AND VIA A VIRTUAL ACADEMY. BETWEEN 654 AND 780 STUDENTS WERE SERVED DURING THE 2020-2021 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Meyer Treasurer | OfficerTrustee | 1 | $0 |
Michelle Study-Campbell Vice President | OfficerTrustee | 1 | $0 |
Jayme Short-Deleon President | OfficerTrustee | 1 | $0 |
Maurice Boler Secretary | OfficerTrustee | 1 | $0 |
Anya Janeway Board Member | Trustee | 1 | $0 |
Peter Pizarro Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
K12 Classroom Llc Management | 6/29/15 | $3,131,432 |
Presence Learning Inc Special Education Services | 6/29/15 | $356,647 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,833,640 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,833,640 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,834,096 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,930,644 |
| Pension plan accruals and contributions | $159,918 |
| Other employee benefits | $228,799 |
| Payroll taxes | $173,141 |
| Fees for services: Management | $38,000 |
| Fees for services: Legal | $119,271 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $468,828 |
| Advertising and promotion | $0 |
| Office expenses | $1,030,005 |
| Information technology | $5,503 |
| Royalties | $0 |
| Occupancy | $211,831 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,801 |
| Insurance | $63,152 |
| All other expenses | $4,861 |
| Total functional expenses | $5,834,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $758,730 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $489,367 |
| 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 | $5,089 |
| Net Land, buildings, and equipment | $111,601 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,364,787 |
| Accounts payable and accrued expenses | $1,208,878 |
| Grants payable | $0 |
| Deferred revenue | $155,909 |
| Tax-exempt bond liabilities | $0 |
| 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 | $1,364,787 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,364,787 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seeds Of Health Milwaukee, WI | $21,433,274 | $18,248,715 |
Ewing Marion Kauffman School Inc Kansas City, MO | $12,328,924 | $22,686,630 |
Hmong American Peace Academy Ltd Milwaukee, WI | $62,055,663 | $22,180,285 |
Crossroads Charter Schools Kansas City, MO | $14,061,355 | $16,288,564 |
Career Academy Of South Bend Inc South Bend, IN | $28,812,268 | $15,770,291 |
Southland College Prep Charter School Inc Richton Park, IL | $5,970,929 | $14,846,011 |
21st Century Charter School At Gary Inc Indianapolis, IN | $16,296,159 | $15,193,404 |
Avondale Meadows Academy Inc Indianapolis, IN | $23,354,036 | $14,362,990 |
Herron High School Inc Indianapolis, IN | $19,992,400 | $15,381,017 |
Tindley Accelerated Schools Inc Indianapolis, IN | $17,393,569 | $14,658,459 |
Lighthouse Academies Of Indiana Inc Indianapolis, IN | $16,035,849 | $15,931,838 |
Paramount School Of Excellence Incorporated Indianapolis, IN | $17,346,083 | $12,116,236 |