Believe Schools Inc
- Assets
- $3.7m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 26
- Location
- Indianapolis, IN
- Founding
- 03/2019
- Data as of
- 06/2022
- EIN
- 83-3062439
Organization Overview
Believe Schools Inc is located in Indianapolis, IN. The organization was established in 2019. 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, Believe Schools Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Believe Schools 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 06/2022, Believe Schools Inc generated $2.9m in total revenue. All expenses for the organization totaled $2.8m during the year ending 06/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BELIEVE CIRCLE CITY HIGH SCHOOL IS A PUBLIC COLLEGE AND CAREER PREPARATORY HIGH SCHOOL DEDICATED TO THE ACHIEVEMENT OF STUDENTS IN THE INDIANAPOLIS AREA. OUR MISSION IS TO DEVELOP STUDENTS INTO LEADERS THROUGH A COMMUNITY THAT FOSTERS THEIR AGENCY, AUTONOMY, AND ACCELERATION PROVIDING A FOUNDATION FOR FUTURE INDEPENDENCE AND SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BCCHS HAS ALMOST TRIPLED IN STUDENT ENROLLMENT FROM OPENING IN 2020. WE LAUNCHED WITH APPROXIMATELY 55 STUDENTS AND NOW SERVE APPROXIMATELY 130 STUDENTS.
30%+ OF SCHOLARS ARE DUALLY ENROLLED AT IVY TECH. OUR GOAL IS FOR OUR SCHOLARS TO GRADUATE WITH DUAL CERTIFICATION OR A DUAL DEGREE (ASSOCIATES OR BACHELORS) FROM IVY TECH OR MARIAN UNIVERSITY.
SOCIAL EMOTIONAL LEARNING: ROUGHLY 45% OF BCCHS SCHOLARS ARE ENROLLED IN THERAPY AND/OR COUNSELING SERVICES THROUGH OUR EXTERNAL PARTNER, ONE SENSIBLE SOLUTIONS. OSS HAS FOUR THERAPISTS THAT COME ON-SITE TO BCCWEEKLY TO MEET WITH SCHOLARS. ADDITIONALLY, BCCHS OFFERS WEEKLY ONE-ON-ONE MEDITATION CLASSES FOR SCHOLARS TO UTILIZE AS NEEDED OR REQUESTED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Neal-Brannum Executive Director | Officer | 40 | $146,337 |
Marques Whitmire Treasurer | OfficerTrustee | 0.5 | $0 |
Latonya Turner Vice Chair | OfficerTrustee | 0.5 | $0 |
Taylor Hughes Chair | OfficerTrustee | 0.5 | $0 |
Jennifer Fulk Secretary | OfficerTrustee | 0.5 | $0 |
Bunmi Akintomide Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,723,693 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,141,905 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,865,598 |
| Total Program Service Revenue | $0 |
| Investment income | $155 |
| 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 | $2,870,218 |
| 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. | $167,682 |
| Compensation of current officers, directors, key employees. | $51,214 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $970,499 |
| Pension plan accruals and contributions | $24,676 |
| Other employee benefits | $32,814 |
| Payroll taxes | $77,780 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $69,064 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $317,768 |
| Advertising and promotion | $21,883 |
| Office expenses | $231,078 |
| Information technology | $92,632 |
| Royalties | $0 |
| Occupancy | $177,818 |
| Travel | $36,802 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $69,694 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,424 |
| Insurance | $27,049 |
| All other expenses | $23,195 |
| Total functional expenses | $2,802,296 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $472,522 |
| Pledges and grants receivable | $203,127 |
| 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 | $9,258 |
| Net Land, buildings, and equipment | $3,023,253 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,708,160 |
| Accounts payable and accrued expenses | $195,094 |
| 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 | $2,911,814 |
| Total liabilities | $3,106,908 |
| Net assets without donor restrictions | $601,252 |
| 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 | $3,708,160 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Believe Schools Inc has recieved totaling $359,812.
| Awarding Organization | Amount |
|---|---|
United Way Of Central Indiana Inc Indianapolis, IN PURPOSE: Program and/or Operating Support | $205,914 |
New Schools Fund Oakland, CA PURPOSE: INNOVATIVE SCHOOLS | $115,000 |
The Mind Trust Inc Indianapolis, IN PURPOSE: SEE ATTACHED | $38,441 |
United Way Of Central Indiana Inc Indianapolis, IN PURPOSE: Donor Choice | $390 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $67 |
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 |