PARAMOUNT SCHOOLS OF EXCELLENCE Charity Report

Public IRS 990 nonprofit record

PARAMOUNT SCHOOLS OF EXCELLENCE

EIN 26-3890401 · Charter Schools (B29)

What they do

PARAMOUNT SCHOOLS of EXCELLENCES SIX CAMPUSES EXIST to EDUCATE K-8 GRADE STUDENTS IN AN INNOVATIVE ENVIRONMENT THAT INSTILLS HIGH EXPECTATIONS for SUCCESS. ESTABLISHED IN 2010, PARAMOUNT ACCOMPLISHES ITS MISSION THROUGH AN EMPHASIS ON RIGOROUS ACADEMICS, TECHNOLOGY, and THE ENVIRONMENT. AUTHORIZED BY THE MAYORS OFFICE of EDUCATION INNOVATION, THE FREE PUBLIC CHARTER SCHOOLS CURRENTLY SERVE 2,800 STUDENTS, of WHICH 65% ARE FROM HOUSEHOLDS AT or BELOW THE POVERTY LEVEL. RISK FACTORS for PARAMOUNT STUDEN,TS INCLUDE LACK of SOCIAL and SCHOOL READINESS, LANGUAGE BARRIERS, UNDERPERFORMING ACADEMIC ACHIEVEMENT LEVELS, and LOW PARENTAL INVOLVEMENT. THEREFORE, IT is ESSENTIAL THAT THE SCHOOL CONTINUALLY FIND WAYS to REMOVE OBSTACLES THAT HAMPER EDUCATIONAL ATTAINMENT, SO PARAMOUNTS STUDENTS REACH THEIR FULL POTENTIAL.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $80.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders15 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

78.59%of revenue went to mission work80.0% of expenses · Program services

$98.21spent for every $100 of revenueRevenue covered expenses this year.

19.62%of revenue went to management and office costs20.0% of expenses

$1.57in assets for every $1 spent this yearSome assets cannot be spent right away.

84.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $234,549 for THOMAS REDDICKS (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$41,113,444

Mission workProgram services$32,312,33878.59% of revenue80.0% of expenses

ManagementOffice and general costs$8,066,95519.62% of revenue20.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$734,1511.79% of revenueShown in gray on the chart

Total expenses$40,379,29398.21% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 80.0% mission · 20.0% management · 0.0% fundraisingTotal expenses: 98.21% of revenue

2023Expense mix: 80.0% mission · 20.0% management · 0.0% fundraisingTotal expenses: 96.99% of revenue

2022Expense mix: 80.1% mission · 19.9% management · 0.0% fundraisingTotal expenses: 83.01% of revenue

2021Expense mix: 80.0% mission · 20.0% management · 0.0% fundraisingTotal expenses: 73.65% of revenue

2020Expense mix: 80.0% mission · 20.0% management · 0.0% fundraisingTotal expenses: 80.52% of revenue

2019Expense mix: 80.0% mission · 20.0% management · 0.0% fundraisingTotal expenses: 106.72% of revenue

2018Expense mix: 80.0% mission · 20.0% management · 0.0% fundraisingTotal expenses: 90.95% of revenue

2017Expense mix: 80.0% mission · 20.0% management · 0.0% fundraisingTotal expenses: 86.18% of revenue

Money in and money out

Revenue$41,113,444

Expenses$40,379,293

Annual surplus $734,151 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$32,312,338 · 80.0% of expenses

Management and office costs$8,066,955 · 20.0% of expenses

See all reported dollar amounts

Revenue$41,113,444

Expenses$40,379,293

Assets$63,414,366

Income$41,124,690

Contributions$34,840,068

Mission work (program services)$32,312,338

Grants given$39,921

Average grant$7,984

Management and general$8,066,955

Accounting fees$539,293

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

THOMAS REDDICKSEXECUTIVE DIRECTOR · 40 hrs/week $234,549Base $210,284 · Other $24,265

TARA GUSTINCOO · 40 hrs/week $195,220Base $186,505 · Other $8,715

KYLE BEAUCHAMPCHIEF ACADEMIC OFFICER · 40 hrs/week $191,647Base $178,355 · Other $13,292

DEXTER TAYLORPRINCIPAL · 40 hrs/week $164,501Base $138,183 · Other $26,318

TIFFANY PALACIOSCHRO · 40 hrs/week $147,464Base $121,804 · Other $25,660

ANTHONY BROSEPRINCIPAL · 40 hrs/week $143,126Base $126,482 · Other $16,644

SCOTT SIMSCFO · 40 hrs/week $129,896Base $119,401 · Other $10,495

JAMES HAZZARDBOARD MEMBER · 1 hrs/week $72,922

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (15)

THOMAS REDDICKSEXECUTIVE DIRECTOR

TARA GUSTINCOO

KYLE BEAUCHAMPCHIEF ACADEMIC OFFICER

DEXTER TAYLORPRINCIPAL

TIFFANY PALACIOSCHRO

ANTHONY BROSEPRINCIPAL

SCOTT SIMSCFO

JAMES HAZZARDBOARD MEMBER

AMANDA BISHOPBOARD MEMBER

ASTER BEKELEBOARD MEMBER

BRITTANY ELDGRIDGEBOARD TREASURER

ELSA MENDEZBOARD SECRETARY

JENNIFER PHILLIPSBOARD MEMBER

JUDE AMUBOARD VICE CHAIR

TOM RUDEBOARD CHAIR

About this charity

Recognized since: January 2009
Location: 1203 E SAINT CLAIR ST, INDIANAPOLIS, IN 46202-3590
County: Marion
In care of: SCOTT SIMS
Primary officer: SCOTT SIMS, CFO

How to reach them

WebsiteVisit the charity’s website Emailtgustin@paramountindy.org Phone(317) 775-6660

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: BLUE & CO LLC
NTEE classification: Charter Schools (B29)
IRS tax category: Charter Schools
Grant-giving organization: Yes