INDIANA MATH & SCIENCE ACADEMY - SOUTH INDIANAPOLIS CHARTER SCHOOL INC Charity Report

Tax-exempt status may be revoked

INDIANA MATH & SCIENCE ACADEMY - SOUTH INDIANAPOLIS CHARTER SCHOOL INC

EIN 45-4992195

What they do

WE FOSTER AN ENVIRONMENT of INQUIRY and A LOVE of LEARNING SO STUDENTS ARE PREPARED to THRIVE IN STEM-FOCUSED HIGH SCHOOL, COLLEGE, and THE WORLD.

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This record may have an IRS status problem. Do not give until you verify it.

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 checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2016The report may be old. Ask for a newer one.

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

They name their leaders10 people are listed in the latest report.

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

Money made simple

78.35%of revenue went to mission work82.3% of expenses · Program services

$95.18spent for every $100 of revenueRevenue covered expenses this year.

16.83%of revenue went to management and office costs17.7% of expenses

$0.09in assets for every $1 spent this yearSome assets cannot be spent right away.

86.6%of its money came from giftsOther money may come from services or investments.

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Money

Financial picture

Tax year 2016

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$2,488,405

Mission workProgram services$1,949,73578.35% of revenue82.3% of expenses

ManagementOffice and general costs$418,76116.83% of revenue17.7% of expenses

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

Revenue left after expensesReported annual surplus$119,9094.82% of revenueShown in gray on the chart

Total expenses$2,368,49695.18% of revenue

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

Money in and money out

Revenue$2,488,405

Expenses$2,368,496

Annual surplus $119,909 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)$1,949,735 · 82.3% of expenses

Management and office costs$418,761 · 17.7% of expenses

See all reported dollar amounts

Revenue$2,488,405

Expenses$2,368,496

Assets$206,296

Contributions$2,156,034

Mission work (program services)$1,949,735

Management and general$418,761

Accounting fees$12,450

People

Leadership and board

Tax year 2016

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

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (10)

KENT MILLARD END 0617PRESIDENT

BERNICE VALENTINE-WATTSDIRECTOR

BULENT GULERDIRECTOR

DANIEL PIERSONDIRECTOR

DAVID COATSFINANCE CHAIR

LAUREN BOXDIRECTOR

MURAT DUNDARDIRECTOR

MURAT GONULALANDIRECTOR

RON ERNSTDIRECTOR

TOBY MILLERDIRECTOR

About this charity

Location: 2710 Bethel Ave, Indianapolis, IN 46203
County: Marion
In care of: David Coats
Primary officer: David Coats, CHAIRMAN

How to reach them

Phone(317) 259-7300 Officer phone(317) 780-1200

Filing and classification

Latest tax year: 2016
Tax period began: July 1, 2016
Return type: 990
Tax preparer: DONOVAN PC
Revocation date: November 15, 2014