INDIANA MATH & SCIENCE ACADEMY - INDIANAPOLIS INC

EIN: 205751308 501(c)(3) Education

INDIANAPOLIS, IN

Total Revenue
$9,132,612
Total Expenses
$8,154,392
Total Assets
$8,598,123
Net Assets
$7,469,791
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
IN
Principal Officer
JIM SPARKS
Phone
3172980025
Tax Period
2024-07-01 to 2025-06-30

INDIANA MATH & SCIENCE ACADEMY - INDIANAPOLIS INC, founded in 2006, is a community nonprofit in the Education sector that reported $9.1M in total revenue in fiscal year 2024. Expenses of $8.2M left a modest 11% surplus.

Mission

TO PROVIDE FOR AN ENVIRONMENT OF LEARNING FOR EDUCATIONALLY UNDER-RESOURCED STUDENTS THROUGH A RIGOROUS COLLEGE PREPARATORY PROGRAM FOCUSING ON SCIENCE, MATHEMATICS, AND TECHNOLOGY IN AN ATMOSPHERE THAT PROVIDES STUDENTS, PARENTS, AND TEACHERS OPPORTUNITIES FOR CONTINUOUS GROWTH, ENABLING THEM TO REACH THEIR HIGHEST POTENTIAL IN LIFE.

Program Service Accomplishments

Program 1
Expenses: $5,814,307 Revenue: $638,043

OUR SCHOOL OFFERED AN ACADEMIC PROGRAM AIMED AT PROVIDING A COMPREHENSIVE AND NURTURING EDUCATIONAL ENVIRONMENT FOR STUDENTS IN KINDERGARTEN THROUGH 8TH GRADE AND TO FOSTER ACADEMIC EXCELLENCE...

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OUR SCHOOL OFFERED AN ACADEMIC PROGRAM AIMED AT PROVIDING A COMPREHENSIVE AND NURTURING EDUCATIONAL ENVIRONMENT FOR STUDENTS IN KINDERGARTEN THROUGH 8TH GRADE AND TO FOSTER ACADEMIC EXCELLENCE, PERSONAL GROWTH, AND SOCIAL DEVELOPMENT. THROUGH A RIGOROUS CURRICULUM, DEDICATED EDUCATORS, AND A SUPPORTIVE COMMUNITY, WE STRIVE TO EQUIP STUDENTS WITH ESSENTIAL KNOWLEDGE, CRITICAL THINKING SKILLS, AND VALUES THAT WILL PREPARE THEM FOR SUCCESS IN HIGHER EDUCATION AND IN LIFE.CLIENTS SERVED: 550 STUDENTS IN GRADES K-8.DURATION: PROVIDED THROUGHOUT THE ACADEMIC YEAR, CONSISTING OF 30-WEEK SESSIONS.ACTIVITIES: CONDUCTED DAILY LESSONS AND INTERACTIVE LEARNING ACTIVITIES, RESULTING IN AN AVERAGE 5% IMPROVEMENT IN STANDARDIZED TEST SCORES.

Program 2

SUMMER ENRICHMENT PROGRAM:OBJECTIVE: OUR SCHOOL OFFERED AN ACADEMIC ENRICHMENT PROGRAM AIMED AT IMPROVING STUDENTS' CORE SKILLS IN MATH AND LANGUAGE ARTS.CLIENTS SERVED: APPROXIMATELY 150 STUDENTS...

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SUMMER ENRICHMENT PROGRAM:OBJECTIVE: OUR SCHOOL OFFERED AN ACADEMIC ENRICHMENT PROGRAM AIMED AT IMPROVING STUDENTS' CORE SKILLS IN MATH AND LANGUAGE ARTS.CLIENTS SERVED: APPROXIMATELY 150 STUDENTS, PARENTS, AND COMMUNITY MEMBERS.DURATION: DURING SUMMER BREAK, FROM JUNE TO MID JULY.ACTIVITIES: CONDUCTED DAILY MATH AND ELA LESSONS, TUTORING SESSIONS, AND INTERACTIVE LEARNING ACTIVITIES.

Program 3

STEAM EXTRACURRICULAR PROGRAM:OBJECTIVE: OFFERED A SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATH (STEAM) PROGRAM TO PROMOTE HANDS-ON LEARNING AND CREATIVITY.CLIENTS SERVED: 550 STUDENTS IN GRADES...

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STEAM EXTRACURRICULAR PROGRAM:OBJECTIVE: OFFERED A SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATH (STEAM) PROGRAM TO PROMOTE HANDS-ON LEARNING AND CREATIVITY.CLIENTS SERVED: 550 STUDENTS IN GRADES K-8.DURATION: TWO SEMESTERS.ACTIVITIES: CONDUCTED WEEKLY STEAM LESSONS, INCLUDING ROBOTICS, CODING, AND ART PROJECTS, RESULTING IN A 20% INCREASE IN STUDENT INTEREST IN STEAM-RELATED SUBJECTS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,445,611
Program Service Revenue $638,043
Investment Income $48,958
Other Revenue $0
TOTAL REVENUE $9,132,612

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,334,399
Fundraising Expenses $0
Program Expenses $5,814,307
Other Expenses $2,819,993
TOTAL EXPENSES $8,154,392

Year-over-Year Comparison

2024 2023 Change
Revenue $9,132,612 $8,746,279 +0.0%
Expenses $8,154,392 $8,411,338 0.0%
Net Income $978,220 $334,941 +1.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
109
Volunteers
25

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$131,991
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM ATLIHAN PRINCIPAL 40.00
Officer
$118,022 $13,969 $131,991
JIM SPARKS BOARD CHAIR 1.00
Officer Director
$0 $0 $0
DANIEL PIERSON VICE BOARD CHAIR 1.00
Officer Director
$0 $0 $0
BERNICE VELENTINE-WATTS ACD. EXCELLENCE COMMITTEE CHAIR 1.00
Director
$0 $0 $0
TOBY MILLER FINANCE COMMITTEE CHAIR 1.00
Director
$0 $0 $0
NIKOLA COLEMAN MEMBER 1.00
Director
$0 $0 $0
CHARISE FRAZIER MEMBER 1.00
Director
$0 $0 $0
NESTOR PEREZ MEMBER 1.00
Director
$0 $0 $0
ALONZO ROSS MEMBER 1.00
Director
$0 $0 $0
JAZMIN SANDERS MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $9,132,612 $8,154,392 $8,598,123 $978,220
2024 $8,746,279 $8,411,338 $8,652,415 $334,941
2023 $9,380,764 $7,597,726 $8,398,266 $1,783,038
2022 $7,679,581 $6,796,223 $6,429,129 $883,358
2021 $7,486,471 $5,931,034 $5,831,245 $1,555,437
2020 $6,162,346 $5,466,959 $5,119,630 $695,387
2019 $5,670,362 $5,467,188 $4,125,844 $203,174
2018 $5,613,322 $5,417,977 $4,485,545 $195,345
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