ALTERNATIVES IN EDUCATION INC D/B/A MARION ACADEMY

EIN: 465021047 501(c)(3)

CHICAGO, IL

Total Revenue
$1,626,263
Total Expenses
$2,219,138
Total Assets
$445,159
Net Assets
$-31,278
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
IN
Principal Officer
GEOFFREY E CHERRY
Phone
3179831300
Tax Period
2018-07-01 to 2019-06-30

ALTERNATIVES IN EDUCATION INC D/B/A MARION ACADEMY, founded in 2014, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2018. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 36% operating deficit.

Mission

ALTERNATIVES IN EDUCATION, INC. D/B/A MARION ACADEMY IS AN INDIANA PUBLIC CHARTER HIGH SCHOOL AND MIDDLE SCHOOL WITH A MISSION TO PROVIDE STUDENTS WHO ARE NOT ON A TRADITIONAL ACADEMIC PATH WITH A STRUCTURED AND SUPPORTIVE ENVIRONMENT TO PREPARE FOR EITHER A POST-SECONDARY EDUCATION OR A CAREER.

Program Service Accomplishments

Program 1
Expenses: $1,644,540

MARION ACADEMY PROVIDES STUDENTS WHO HAVE BEEN IN THE JUVENILE JUSTICE SYSTEM, EXPELLED OR ARE AT RISK FOR EXPULSION WITH STRUCTURED OPPORTUNITIES TO EARN AN INDIANA CORE 40 HIGH SCHOOL DIPLOMA AND...

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MARION ACADEMY PROVIDES STUDENTS WHO HAVE BEEN IN THE JUVENILE JUSTICE SYSTEM, EXPELLED OR ARE AT RISK FOR EXPULSION WITH STRUCTURED OPPORTUNITIES TO EARN AN INDIANA CORE 40 HIGH SCHOOL DIPLOMA AND IN DEMAND INDUSTRY CERTIFICATIONS. GRADUATES WILL BE PREPARED FOR POST-SECONDARY EDUCATION OR JOBS WITH HIGHER THAN AVERAGE WAGES. FOR STUDENTS WHO ARE DETAINED AT MARION COUNTY JUVENILE DETENTION CENTER (MCJDC), MARION ACADEMY (THROUGH ITS HILLSIDE ACADEMY PROGRAM) WILL WORK TO PROVIDE YOUTH WITH A CONTINUUM OF EDUCATIONAL SERVICES TO ENSURE STUDENTS DO NOT EXPERIENCE A GAP IN THEIR EDUCATION WHILE DETAINED AT MCJDC.MARION ACADEMY IS DESIGNED TO ENSURE THAT STUDENTS WHO ARE TRANSITIONING FROM ANOTHER SCHOOL OR FROM THE HILLSIDE ACADEMY PROGRAM HAVE AN EDUCATIONAL SETTING THAT FOCUSES ON PREPARING THEM FOR LIFE AFTER HIGH SCHOOL.

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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 (2018)

Revenue Breakdown

Contributions & Grants $1,614,991
Program Service Revenue $0
Investment Income $25
Other Revenue $11,247
TOTAL REVENUE $1,626,263

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,230,413
Fundraising Expenses $0
Program Expenses $1,644,540
Other Expenses $988,725
TOTAL EXPENSES $2,219,138

Year-over-Year Comparison

2018 2017 Change
Revenue $1,626,263 $2,354,703 -0.3%
Expenses $2,219,138 $2,176,946 +0.0%
Net Income $-592,875 $177,757 -4.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
33
Volunteers
13

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
4
$112,892
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REGINA ASHLEY PRESIDENT/CHAIRMAN/DIRECTO 5.00
Officer Director
$0 $0 $0
AMY HORTON SECRETARY 5.00
Officer Director
$0 $0 $0
REGINALD FLETCHER TREASURER 5.00
Officer Director
$0 $0 $0
ANDRE WILKERSON DIRECTOR 5.00
Director
$0 $0 $0
ALICIA GOODEN DIRECTOR 5.00
Director
$0 $0 $0
JEREMY ELTZ DIRECTOR 5.00
Director
$0 $0 $0
RUTH LAMBERT DIRECTOR 5.00
Director
$0 $0 $0
DAVID GREEN DIRECTOR 5.00
Director
$0 $0 $0
CAREN LETTOFSKY DIRECTOR 5.00
Director
$0 $0 $0
KENYATTA WHITE DIRECTOR 5.00
Director
$0 $0 $0
JENNIFER MANN DIRECTOR 5.00
Director
$0 $0 $0
JULIE SAUNDERS DIRECTOR 5.00
Director
$0 $0 $0
PATRICIA BARNES DIRECTOR 5.00
Director
$0 $0 $0
PATRICK JONES II DIRECTOR 5.00
Director
$0 $0 $0
LATOYA BLACK SCHOOL DIRECTOR 40.00
Officer
$100,824 $12,068 $112,892
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
2019 $1,626,263 $2,219,138 $445,159 $-592,875
2018 $2,354,703 $2,176,946 $1,108,937 $177,757
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