Matchbook Learning Schools Of Indiana
- Assets
- $2.8m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 134
- Location
- Indianapolis, IN
- Founding
- 04/2018
- Data as of
- 06/2022
- EIN
- 82-3016780
Organization Overview
Matchbook Learning Schools Of Indiana is located in Indianapolis, IN. The organization was established in 2018. 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, Matchbook Learning Schools Of Indiana employed 134 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Matchbook Learning Schools Of Indiana 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, Matchbook Learning Schools Of Indiana generated $8.6m in total revenue. All expenses for the organization totaled $8.8m during the year ending 06/2022. While expenses have increased by 87.1% 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
PERSONALIZING EDUCATION TO MEET INDIVIDUAL NEEDS SO THAT ALL OF OUR STUDENTS CAN ACHIEVE AT HIGH LEVELS AND BECOME COMPETENT GLOBAL CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MATCHBOOK LEARNING SCHOOLS OF INDIANA IS CURRENTLY RANKED IN THE TOP 10 FOR TRANSFERS FROM PUBLIC SCHOOL DISTRICTS BASED ON INDIANA DEPARTMENT EDUCATION DATA IN 2021-22.
ON THE I-LEARN ASSESSMENT IN 2021, MATCHBOOK LEARNING SCHOOLS OF INDIANA INCREASED PROFICIENCY IN ENGLISH/LANGUAGE ARTS DURING THE COVID-19 PANDEMIC.
MATCHBOOK SCHOOLS OF INDIANA WAS GRANTED A CHARTER FROM EDUCATION ONE AT TRINE UNIVERSITY TO EXPAND THE K-8 ACADEMIC MODEL INTO A 9-12 GRADE SCHOOL STARTING IN FALL 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sajan George Board Chair | OfficerTrustee | 1 | $0 |
Jennifer Poon Academic Chair | Trustee | 1 | $0 |
Ali King Board Member | Trustee | 1 | $0 |
Dr Kurt Nelson Board Member | Trustee | 1 | $0 |
John Polk Board Member | Trustee | 1 | $0 |
Kayla Moody - Grant Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,528,350 |
| All other contributions, gifts, grants, and similar amounts not included above | $64,110 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,592,460 |
| Total Program Service Revenue | $0 |
| Investment income | $1,504 |
| 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 | $8,618,515 |
| 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. | $314,161 |
| Compensation of current officers, directors, key employees. | $73,586 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,369,389 |
| Pension plan accruals and contributions | $69,278 |
| Other employee benefits | $815,446 |
| Payroll taxes | $379,779 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $291 |
| Fees for services: Accounting | $67,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,065,705 |
| Advertising and promotion | $6,195 |
| Office expenses | $176,705 |
| Information technology | $163,419 |
| Royalties | $0 |
| Occupancy | $25,195 |
| Travel | $149,903 |
| 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 | $29,804 |
| Insurance | $21,570 |
| All other expenses | $27,132 |
| Total functional expenses | $8,761,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,450,549 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $331,453 |
| 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 | $14,236 |
| Net Land, buildings, and equipment | $16,802 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,813,040 |
| Accounts payable and accrued expenses | $601,926 |
| 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 | $601,926 |
| Net assets without donor restrictions | $298,614 |
| Net assets with donor restrictions | $1,912,500 |
| 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 | $2,813,040 |