Center For Innovative Education Solutions Inc
- Assets
- $11.0m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 7
- Location
- Indianapolis, IN
- Founding
- 04/2019
- Data as of
- 06/2023
- EIN
- 83-1092624
Organization Overview
Center For Innovative Education Solutions Inc is located in Indianapolis, IN. The organization was established in 2019. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 06/2023, Center For Innovative Education Solutions Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Innovative Education Solutions 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 06/2023, Center For Innovative Education Solutions Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.9% each year . All expenses for the organization totaled $2.6m during the year ending 06/2023. While expenses have increased by 28.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES COST-EFFECTIVE, NON-INSTRUCTIONAL SERVCIES TO CHARTER SCHOOLS AND INNOVATIVE NETWORK SCHOOLS. IN ADDITION, THE ORGANIZATION PROVIDES PROFESSIONAL DEVELOPMENT, TECHNICAL ASSISTANCE AND TRAINING TO ADMINISTRATIVE STAFF IN THESE SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED FINANCIAL SERVICES AND CONSULTING WORK TO TWENTY-TWO SCHOOLS WHICH SUCCESSFULLY ALLOWED THOSE SCHOOLS TO USE MORE RESOURCES TOWARD EDUCATIONAL ACTIVITIES. THESE SERVICES INCLUDED CAPACITY-BUILDING, PROFESSIONAL DEVELOPMENT AND TECHNICAL ASSISTANCE TO THOSE SCHOOLS' ADMINISTRATIVE STAFF.
THE ORGANIZATION WORKED WITH FIVE CHARTER SCHOOLS ON A PILOT PROGRAM TO TEST THE FEASIBILITY OF A TRANSPORTATION INTERLOCAL IN MARION COUNTY. THE PILOT ASSISTED SCHOOLS WITH SECURING TRANSPORTATION ASSETS, MANAGING MAINTENANCE, HIRING DRIVERS AND STAFF, PLANNING AND MANAGING ROUTES, AND COMMUNICATIONS WITH FAMILIES.
THE ORGANIZATION PROVIDED FACILITY AND REAL ESTATE CONSULTING AND MANAGEMENT SERVICES TO SCHOOLS AND WORKED WITH PARTNERS TO DEVELOP BEST PRACTICES IN THE FACILITY FINANCING SPACE. THIS INCLUDED CONTINUED OWNERSHIP AND COORINDATION WITH TINDLEY ACCELERATED SCHOOLS, CONSULTING WITH MATCHBOOK ACADMIES AND ANDREW J BROWN ACADEMY, ADVISING ON SITES FOR KIPP INDY AND GLOBAL PREP ACADEMY, AND EXPLORING CREATIVE FINANCING SOLUTIONS FOR PILOTED AND INVENT LEARNING HUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe White Board President | OfficerTrustee | 1 | $0 |
Jason Dudich Secretary & Treasurer | OfficerTrustee | 1 | $0 |
Porsche Chisley Director | Trustee | 1 | $0 |
Ian Nicolini Director | Trustee | 1 | $0 |
Brian Anderson CFO | Officer | 40 | $157,966 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rosenberg Solutions Administrator, Director Of Operations An | 6/29/22 | $169,500 |
Ads Education Inc Special Ed/grant Support Services | 6/29/22 | $104,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $324,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $324,000 |
| Total Program Service Revenue | $2,138,828 |
| Investment income | $8,873 |
| 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 | $2,471,701 |
| 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. | $193,312 |
| Compensation of current officers, directors, key employees. | $36,585 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $530,387 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $84,730 |
| Payroll taxes | $54,992 |
| Fees for services: Management | $67,992 |
| Fees for services: Legal | $17,220 |
| Fees for services: Accounting | $4,920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $317,561 |
| Advertising and promotion | $0 |
| Office expenses | $509 |
| Information technology | $2,403 |
| Royalties | $0 |
| Occupancy | $20,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $744,625 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $364,800 |
| Insurance | $6,626 |
| All other expenses | $942 |
| Total functional expenses | $2,638,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $692,584 |
| Savings and temporary cash investments | $202,214 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $106,211 |
| 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 | $9,821,535 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $209,562 |
| Other assets | $0 |
| Total assets | $11,032,106 |
| Accounts payable and accrued expenses | -$414 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $11,305,000 |
| 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 | $91,610 |
| Total liabilities | $11,396,196 |
| Net assets without donor restrictions | -$364,090 |
| 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 | $11,032,106 |