Midwest Academy Inc
- Assets
- $4.9m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 39
- Location
- Carmel, IN
- Founding
- 12/1994
- Data as of
- 06/2022
- EIN
- 35-1890348
Organization Overview
Midwest Academy Inc is located in Carmel, IN. The organization was established in 1994. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2022, Midwest Academy Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midwest 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, Midwest Academy Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. While expenses have increased by 4.7% per year over the past 4 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
WE OFFER OUR STUDENTS A SMALL, ENGAGING EDUCATIONAL SETTING, AN INSPIRING PROGRESSIVE CURRICULUM AND A CULTURE FOCUSED ON THE DEVELOPMENT OF THE WHOLE CHILD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIDWEST ACADEMY IS AN INTENTIONAL EDUCATIONAL COMMUNITY SERVING STUDENTS IN GRADES 3-12 WITH ADD/ADHD, LANGUAGE-BASED LEARNING DIFFERENCES, HIGH FUNCTIONING AUTISM, AND PROCESSING CHALLENGES. THE SCHOOL IS DESIGNED TO DEVELOP ACADEMIC ACHIEVEMENT, SELF-ACCEPTANCE, AND PERSONAL ACCOUNTABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Davis President | OfficerTrustee | 1 | $0 |
Wayne Kotulic Vice President | OfficerTrustee | 1 | $0 |
Tiff Johnson Trustee | Trustee | 1 | $0 |
Crystal Miller Trustee | Trustee | 1 | $0 |
Mehul Patel Trustee | Trustee | 1 | $0 |
Cathy Peacock Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $193,379 |
| Related organizations | $0 |
| Government grants | $25,340 |
| All other contributions, gifts, grants, and similar amounts not included above | $324,489 |
| Noncash contributions included in lines 1a–1f | $50,990 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $543,208 |
| Total Program Service Revenue | $1,819,588 |
| Investment income | $1,338 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$75,265 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,313,465 |
| 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. | $295,986 |
| Compensation of current officers, directors, key employees. | $52,715 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $994,998 |
| Pension plan accruals and contributions | $29,874 |
| Other employee benefits | $240,545 |
| Payroll taxes | $80,508 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,262 |
| 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 | $17,113 |
| Advertising and promotion | $14,694 |
| Office expenses | $63,529 |
| Information technology | $7,705 |
| Royalties | $0 |
| Occupancy | $99,836 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,609 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $154,186 |
| Insurance | $24,710 |
| All other expenses | $0 |
| Total functional expenses | $2,186,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,579,758 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $500,364 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,859,750 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,939,872 |
| Accounts payable and accrued expenses | $8,291 |
| Grants payable | $0 |
| Deferred revenue | $567,001 |
| 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 | $401,353 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $976,645 |
| Net assets without donor restrictions | $3,963,227 |
| 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 | $4,939,872 |