Indiana Afterschool Network
- Assets
- $20.4m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 6
- Location
- Indianapolis, IN
- Founding
- 02/2015
- Data as of
- 12/2021
- EIN
- 46-5592573
Organization Overview
Indiana Afterschool Network is located in Indianapolis, IN. The organization was established in 2015. According to its NTEE Classification (B94) the organization is classified as: Parent & Teacher Groups, under the broad grouping of Education and related organizations. As of 12/2021, Indiana Afterschool Network employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Afterschool Network 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 12/2021, Indiana Afterschool Network generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $4.8m during the year ending 12/2021. While expenses have increased by 25.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MISSION: WE ADVANCE OPPORTUNITIES FOR LEARNING BEYOND THE SCHOOL DAY SO THAT ALL INDIANA YOUTH CAN GROW INTO HEALTHY, THRIVING ADULTS.VISION: HELP EVERY YOUNG PERSON IN INDIANA HAVE ACCESS TO QUALITY OUT-OF-SCHOOL PROGRAMS PROVIDED BY VALUED PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IAN PROVIDES OUT-OF-SCHOOL TIME PROGRAMMING AS DESCRIBED BELOW:WE WANT EVERY KID IN INDIANA TO HAVE THE BEST CHANCE AT MAKING A GREAT LIFE FOR THEMSELVES AND A POSITIVE IMPACT IN THEIR COMMUNITIES. AND WE BELIEVE OUT-OF-SCHOOL TIME (OST) PROGRAMMING CAN PLAY A MAJOR ROLE IN THAT. QUALITY OUT-OF-SCHOOL TIME PROGRAMS SUPPORT THE HEALTH AND HAPPINESS OF YOUTH WHILE STRENGTHENING THE WELLBEING OF WORKING FAMILIES. THEY PROVIDE SAFE, SUPPORTIVE ENVIRONMENTS THAT INSPIRE LEARNING AND PROVIDE THE HELP MANY FAMILIES NEED IN TODAY'S WORKFORCE. CHILDREN IN OUT-OF-SCHOOL TIME PROGRAMS HAVE BETTER GRADES, ATTENDANCE, BEHAVIORS, AND COLLEGE/CAREER ATTAINMENT. WHEN EVERY HOOSIER CHILD HAS ACCESS TO QUALITY OUT-OF-SCHOOL TIME PROGRAMMING, THE FUTURE IS BRIGHTER FOR ALL. FOR MORE THAN TWO DECADES, THE INDIANA AFTERSCHOOL NETWORK (IAN) HAS BEEN COMMITTED TO PROVIDING THE SUPPORT AND RESOURCES OST PROGRAMS NEED TO FLOURISH. OUR RIGOROUS, DATA-INFORMED QUALITY STANDARDS EMPOWER OST PROVIDERS TO MAKE RESEARCH-DRIVEN DECISIONS AND STRENGTHEN THE QUALITY OF THEIR PROGRAMS. WE ACT AS A TRUSTED HUB FOR FUNDING, STRATEGY, AND CURRICULUM RESOURCES. WE ADVOCATE FOR OST PROGRAMMING WITH LEGISLATORS, POLICYMAKERS, AND ALL WHO SHAPE THE FUTURE OF HOOSIER FAMILIES. AND WE ELEVATE AFTERSCHOOL PROFESSIONALS BY PROVIDING EDUCATIONAL SUPPORT AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES, ENSURING THAT WE'RE BUILDING AND MAINTAINING AN OST WORKFORCE CAPABLE OF EXCELLING IN AN EVER-CHANGING WORLD.NOW MORE THAN EVER, WE KNOW CHILDREN NEED THE SAFETY AND SUPPORT OF PROGRAMMING OUTSIDE THE SCHOOL DAY; WE KNOW WORKING FAMILIES NEED THE ASSISTANCE AFTERSCHOOL AND SUMMER PROGRAMS PROVIDE; AND WE KNOW OUR EDUCATORS AND TEACHERS NEED HELP. AT THE INDIANA AFTERSCHOOL NETWORK, WE ARE ANSWERING THEIR CALL, AS WE SERVE AS CHAMPIONS FOR THE FUTURE SUCCESS OF ALL HOOSIERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lakshmi Hasanadka Director | Trustee | 40 | $109,624 |
Todd Hurst Board Secretary | OfficerTrustee | 2 | $0 |
Brent E Wake Board Chairman | Officer | 2 | $0 |
Angelina Mendoza Board Vice-Chair | Officer | 2 | $0 |
John Fisk Board Treasurer | Officer | 2 | $0 |
Marc Mcaleavey Past Chairman | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,983,972 |
| All other contributions, gifts, grants, and similar amounts not included above | $868,251 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,852,223 |
| Total Program Service Revenue | $27,450 |
| Investment income | $1,196 |
| 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 | $4,884,390 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,567,229 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $109,624 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $387,007 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $74,105 |
| Payroll taxes | $37,563 |
| Fees for services: Management | $355,810 |
| 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 | $0 |
| Advertising and promotion | $10,509 |
| Office expenses | $49,268 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,326 |
| Travel | $22 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,368 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,084 |
| Insurance | $12,270 |
| All other expenses | $5,634 |
| Total functional expenses | $4,830,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,725,893 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $642,902 |
| Accounts receivable, net | $516 |
| 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 | $29,966 |
| Net Land, buildings, and equipment | $5,383 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,875 |
| Total assets | $20,410,535 |
| Accounts payable and accrued expenses | $21,840 |
| Grants payable | $0 |
| Deferred revenue | $2,625 |
| 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 | $18,627,454 |
| Total liabilities | $18,651,919 |
| Net assets without donor restrictions | $1,002,756 |
| Net assets with donor restrictions | $755,860 |
| 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 | $20,410,535 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Indiana Afterschool Network has recieved totaling $793,672.
| Awarding Organization | Amount |
|---|---|
Lilly Endowment Inc Indianapolis, IN PURPOSE: OUT-OF-SCHOOL PROGRAMS AND WEBSITE | $590,000 |
Charles Stewart Mott Foundation Flint, MI PURPOSE: TO SUPPORT A STATEWIDE AFTERSCHOOL NETWORK TO ENSURE THE AVAILABILITY AND EXPANSION OF SCHOOL-LINKED QUALITY AFTERSCHOOL AND SUMMER LEARNING OPPORTUNITIES THAT MEET THE NEEDS OF UNDERSERVED YOUTH. | $85,000 |
Charles Stewart Mott Foundation Flint, MI PURPOSE: TO SUPPORT A STATEWIDE AFTERSCHOOL NETWORK TO INCREASE THE AVAILABILITY AND EXPANSION OF COLLEGE AND CAREER EXPLORATION, FINANCIAL LITERACY OR COLLEGE AFFORDABILITY PLANNING FOR UNDERSERVED YOUTH THROUGH AFTERSCHOOL AND SUMMER LEARNING PROGRAMS. | $75,000 |
Charles Stewart Mott Foundation Flint, MI PURPOSE: TO SUPPORT A STATEWIDE AFTERSCHOOL NETWORK TO INCREASE THE AVAILABILITY AND EXPANSION OF COLLEGE AND CAREER EXPLORATION, FINANCIAL LITERACY OR COLLEGE AFFORDABILITY PLANNING FOR UNDERSERVED YOUTH THROUGH AFTERSCHOOL AND SUMMER LEARNING PROGRAMS. | $43,360 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $300 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Afterschool Network Indianapolis, IN | $20,410,535 | $4,884,390 |
North Chicago Community Partners Nfp Lake Bluff, IL | $1,892,693 | $3,543,621 |
Pitt Academy Louisville, KY | $2,544,833 | $1,054,257 |
Fenwick Foundation Inc Oak Park, IL | $26,054,511 | $5,711,578 |
Kentucky School Boards Association Educational Foundation Inc Frankfort, KY | $179,866 | $507,563 |
Edmonson County Middle High Schools Extracurricular Activities And Pa Brownsville, KY | $93,989 | $375,296 |
Rice Lake Celebrity Charity Classic Inc Rice Lake, WI | $18,015 | $254,581 |
Friends Of Burley Chicago, IL | $555,030 | $352,482 |
Edgewood Middle School Parentteacher Organization Highland Park, IL | $188,259 | $339,888 |
New Trier Township High School District 203 Educational Foundatio Northfield, IL | $441,360 | $504,821 |
Mclean County Unit Dist 5 Music Parents Association Normal, IL | $123,708 | $244,735 |
Midvale Lincoln Parent Teacher Organization Inc Madison, WI | $174,864 | $372,510 |