Allegiant Preparatory
- Assets
- $635.2k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 17
- Location
- Indianapolis, IN
- Founding
- 06/2017
- Data as of
- 06/2022
- EIN
- 81-3719222
Organization Overview
Allegiant Preparatory is located in Indianapolis, IN. The organization was established in 2017. 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, Allegiant Preparatory employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allegiant Preparatory 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, Allegiant Preparatory generated $1.5m in total revenue. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 78.2% per year over the past 5 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
ALLEGIANT PREPARATORY ACADEMY EDUCATES ALL STUDENTS IN GRADES K-8 WITH RIGOROUS ACADEMICS, CHARACTER DEVELOPMENT, AND A COMMITMENT TO COMMUNITY NECESSARY FOR COLLEGE SUCCESS AND A LIFE OF POSITIVE ACTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
81% OF 3RD GRADE SCHOLARS PASSED THE IREAD3 ASSESSMENT.
60% OF K4 SCHOLARS MET OR EXCEEDED OBSERVED GROWTH ON THE NWEA MAP ASSESSMENT.
MANAGED BUDGET CLOSELY TO ENSURE ACTUAL VS. BUDGET LINE ITEMS WERE VERY CLOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Anderson Head Of School | Officer | 55 | $92,716 |
Sequoia Anderson Founding Operations Manage | Officer | 45 | $70,886 |
Daniel Harting Board Chair | OfficerTrustee | 2 | $0 |
Kendra Key Secretary | OfficerTrustee | 3 | $0 |
Brandon Lindsay Treasurer | OfficerTrustee | 2 | $0 |
Keanna Warren Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,427,684 |
| All other contributions, gifts, grants, and similar amounts not included above | $116,169 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,543,853 |
| Total Program Service Revenue | $0 |
| Investment income | $252 |
| 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 | $1,547,511 |
| 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. | $84,799 |
| Compensation of current officers, directors, key employees. | $29,759 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $510,291 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $76,697 |
| Payroll taxes | $44,051 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $480 |
| Fees for services: Accounting | $45,865 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $144,088 |
| Advertising and promotion | $15,106 |
| Office expenses | $4,135 |
| Information technology | $58,867 |
| Royalties | $0 |
| Occupancy | $61,665 |
| Travel | $9,489 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,455 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,333 |
| Insurance | $26,072 |
| All other expenses | $1,290 |
| Total functional expenses | $1,450,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $462,774 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $70,724 |
| 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 | $5,291 |
| Net Land, buildings, and equipment | $88,644 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,769 |
| Total assets | $635,202 |
| Accounts payable and accrued expenses | $40,557 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $28,282 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $68,839 |
| Net assets without donor restrictions | $566,363 |
| 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 | $635,202 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Allegiant Preparatory has recieved totaling $102,522.
| Awarding Organization | Amount |
|---|---|
The Mind Trust Inc Indianapolis, IN PURPOSE: SEE ATTACHED | $102,522 |
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 |