Bloomington Project School Inc
- Assets
- $2.6m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 72
- Location
- Bloomington, IN
- Founding
- 09/2008
- Data as of
- 06/2022
- EIN
- 26-2228525
Organization Overview
Bloomington Project School Inc is located in Bloomington, 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 06/2022, Bloomington Project School Inc employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bloomington Project School 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, Bloomington Project School Inc generated $3.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $3.3m during the year ending 06/2022. While expenses have increased by 4.9% 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
THE MISSION OF THE PROJECT SCHOOL IS TO UNCOVER, RECOVER, AND DISCOVER THE UNIQUE GIFTS AND TALENTS THAT EACH CHILD BRINGS TO SCHOOL EVERY DAY. OUR SCHOOL WORKS COLLABORATIVELY WITH FAMILIES, COMMUNITY MEMBERS, AND SOCIAL SERVICE AGENCIES TO SOLVE REAL PROBLEMS, AS WELL AS CREATE ART FOR PUBLIC SPACES. STUDENTS GRADUATE FROM THE PROJECT SCHOOL AS STEWARDS OF THE ENVIRONMENT WITH THE WILL, SKILL, CAPACITY, AND KNOWLEDGE TO CONTRIBUTE TO THE GREATER GOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS A PUBLIC CHARTER SCHOOL PROVIDING EDUCATION TO STUDENTS ENROLLED IN GRADES KINDERGARTEN THROUGH EIGHT. OVER 307 STUDENTS WERE ENROLLED IN THE 2021-22 ACADEMIC YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Diersing School Leader | Officer | 40 | $122,326 |
Terri Burks Business Manager | Officer | 40 | $54,266 |
Michael Horvath President | OfficerTrustee | 1.5 | $0 |
Mitzi Lewison Treasurer | OfficerTrustee | 1 | $0 |
Victoria Rogers Secretary | OfficerTrustee | 1 | $0 |
Daniel Grundmann Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,253,401 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,589 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,330,990 |
| Total Program Service Revenue | $45,867 |
| 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 | $3,424,214 |
| 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. | $169,773 |
| Compensation of current officers, directors, key employees. | $125,702 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,678,513 |
| Pension plan accruals and contributions | $100,965 |
| Other employee benefits | $151,328 |
| Payroll taxes | $137,916 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $221,439 |
| Advertising and promotion | $0 |
| Office expenses | $166,641 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $221,714 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $88,753 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,114 |
| Insurance | $24,897 |
| All other expenses | $3,227 |
| Total functional expenses | $3,338,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $769,385 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $103,632 |
| 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 | $9,000 |
| Net Land, buildings, and equipment | $1,695,996 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,500 |
| Total assets | $2,590,513 |
| Accounts payable and accrued expenses | $224,743 |
| Grants payable | $0 |
| Deferred revenue | $95,976 |
| 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 | $931,621 |
| Unsecured mortgages and notes payable | $359,389 |
| Other liabilities | $25,796 |
| Total liabilities | $1,637,525 |
| Net assets without donor restrictions | $952,988 |
| 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 | $2,590,513 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bloomington Project School Inc has recieved totaling $12,677.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Bloomington And Monroe County Inc Bloomington, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $11,800 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $877 |
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 |