Edison School Of The Arts
- Assets
- $1.0m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 61
- Location
- Indianapolis, IN
- Founding
- 05/2017
- Data as of
- 06/2021
- EIN
- 81-4684220
Organization Overview
Edison School Of The Arts is located in Indianapolis, IN. The organization was established in 2017. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Edison School Of The Arts employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edison School Of The Arts 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, Edison School Of The Arts generated $4.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $4.4m during the year ending 06/2021. While expenses have increased by 8.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDISON SCHOOL OF THE ARTS INC.'S MISSION IS TO CONTINUE TO BE AN EDUCATIONAL AND ARTFUL RESOURCE FOR ALL STUDENTS, PARENTS, COMMUNITY, AND STAFF MEMBERS BY CONSISTENT AND FOCUSED PROFESSIONAL DEVELOPMENT, INVITATIONAL PRACTICES BY ALL,UTILIZING QUARTERLY AND ANNUAL REVIEWS. WE WILL CONTINUE TO DEVELOP OUR EDUCATIONAL AND ARTS AESTHETIC BY EXPANDING OUR ARTS EXPERIENCES, EXPOSURE, AND PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDISON OUTPERFORMED THE DISTRICT AVERAGE ON IREAD-3 ASSESSMENTS, WITH SUBGROUPS OUTPERFORMING BY NO LESS THAN 16%.
EDISON CLOSED THE ACHIEVEMENT GAP FOR OUR AFRICAN-AMERICAN STUDENTS FROM 24% TO 8% IN ELA AND FROM 28% TO 6% IN MATH ON THE ILEARN ASSESSMENT.
STUDENTS RECEIVED 244 ARTS-INTEGRATED LESSONS LAST YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Tuttle Executive Director & CEO | Officer | 50 | $133,700 |
Gregory Wallis Treasurer | OfficerTrustee | 5 | $0 |
Tanya Stuart Overdorf Board Chair | OfficerTrustee | 5 | $0 |
Kay Feeney-Caito Secretary | OfficerTrustee | 3 | $0 |
Bryan Fonseca Member (through 09/20) | Trustee | 3 | $0 |
Ted Givens Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,071,212 |
| All other contributions, gifts, grants, and similar amounts not included above | $195,829 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,267,041 |
| Total Program Service Revenue | $0 |
| Investment income | $351 |
| 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 | $4,335,233 |
| 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. | $131,000 |
| Compensation of current officers, directors, key employees. | $131,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,874,650 |
| Pension plan accruals and contributions | $211,444 |
| Other employee benefits | $368,935 |
| Payroll taxes | $243,669 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,126 |
| Fees for services: Accounting | $37,115 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $166,456 |
| Advertising and promotion | $822 |
| Office expenses | $133,896 |
| Information technology | $16,458 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,307 |
| Insurance | $36,970 |
| All other expenses | $964 |
| Total functional expenses | $4,360,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $746,136 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $204,013 |
| 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 | $0 |
| Net Land, buildings, and equipment | $77,683 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,027,832 |
| Accounts payable and accrued expenses | $275,191 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $275,191 |
| Net assets without donor restrictions | $736,069 |
| Net assets with donor restrictions | $16,572 |
| 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 | $1,027,832 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Edison School Of The Arts has recieved totaling $261,276.
| Awarding Organization | Amount |
|---|---|
The Mind Trust Inc Indianapolis, IN PURPOSE: SEE ATTACHED | $250,000 |
Richard M Fairbanks Foundation Inc Indianapolis, IN PURPOSE: PREVENTION MATTERS SUBSTANCE USE PREVENTION INITIATIVE FOR MARION COUNTY SCHOOLS-EXTENSION GRANT | $11,219 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $57 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Chicago Charter School Corporation Chicago, IL | $14,482,747 | $19,743,627 |
Hope Educational & Research Center St Louis, MO | $196,443,117 | $45,382,338 |
Louisville Collegiate School Louisville, KY | $44,243,091 | $19,424,992 |
Canterbury School Inc Fort Wayne, IN | $14,789,368 | $17,058,422 |
Timothy Christian Schools Elmhurst, IL | $41,280,764 | $20,446,601 |
Kentucky Country Day School Inc Louisville, KY | $45,327,857 | $17,940,550 |
Milwaukee Science Education Consortium Inc Milwaukee, WI | $22,408,763 | $18,701,164 |
Prairie School Inc Racine, WI | $75,801,246 | $20,722,980 |
Sayre School Lexington, KY | $37,948,520 | $16,925,718 |
Lexington Christian Academy Inc Lexington, KY | $37,177,484 | $18,280,442 |
Lake Forest Country Day School Lake Forest, IL | $60,294,395 | $16,845,171 |
Indian Community School Inc Franklin, WI | $820,604,355 | $21,906,582 |