Gary Middle College Inc
- Assets
- $1.6m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 19
- Location
- Indianapolis, IN
- Founding
- 08/2011
- Data as of
- 06/2021
- EIN
- 27-3510935
Organization Overview
Gary Middle College Inc is located in Indianapolis, IN. The organization was established in 2011. 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, Gary Middle College Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gary Middle College 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, Gary Middle College Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $1.8m during the year ending 06/2021. 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
BEATING POVERTY THROUGH QUALITY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPING THE HIGHEST POTENTIAL OF STUDENTS THROUGH EDUCATING THE WHOLE PERSON, ENSURING THAT ALL STUDENTS ATTAIN BASIC SKILLS APPROPRIATE TO THEIR AGE AND GRADE LEVEL. THERE ARE A TOTAL OF 162 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,443,001 |
| 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 | $1,443,001 |
| Total Program Service Revenue | $419,872 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $53,698 |
| 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 | $1,916,571 |
| 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 | $794,452 |
| Pension plan accruals and contributions | $47,749 |
| Other employee benefits | $91,503 |
| Payroll taxes | $59,850 |
| Fees for services: Management | $202,108 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,879 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $111,972 |
| Advertising and promotion | $14,249 |
| Office expenses | $49,897 |
| Information technology | $32,528 |
| Royalties | $0 |
| Occupancy | $101,453 |
| Travel | $15,046 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,400 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,220 |
| Insurance | $12,567 |
| All other expenses | $16,793 |
| Total functional expenses | $1,788,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,057,813 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $42,075 |
| 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 | $17,014 |
| Net Land, buildings, and equipment | $461,757 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,578,659 |
| Accounts payable and accrued expenses | $109,511 |
| Grants payable | $0 |
| Deferred revenue | $4,557 |
| 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 | $110,000 |
| Other liabilities | $19,689 |
| Total liabilities | $243,757 |
| Net assets without donor restrictions | $1,334,902 |
| 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 | $1,578,659 |
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