EDISON SCHOOL OF THE ARTS INC

EIN: 814684220 501(c)(3) Education

INDIANAPOLIS, IN

Total Revenue
$6,088,330
Total Expenses
$6,879,438
Total Assets
$1,071,568
Net Assets
$908,865
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
IN
Principal Officer
GREG WALLIS
Phone
3172264992
Tax Period
2024-07-01 to 2025-06-30

EDISON SCHOOL OF THE ARTS INC, founded in 2016, is a community nonprofit in the Education sector that reported $6.1M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $6.9M exceeded revenue, resulting in a 13% operating deficit.

Mission

EDISON SCHOOL OF THE ARTS INC.'S MISSION IS TO CONTINUE TO BE AN EDUCATIONAL AND ARTFUL RESOURCE FOR ALL STUDENTS, PARENTS, COMMUNITY, AND STAFF MEMBERS BY CONSISTENT AND FOCUSED PROFESSIONAL DEVELOPMENT, INVITATIONAL PRACTICES BY ALL,UTILIZING QUARTERLY AND ANNUAL REVIEWS. WE WILL CONTINUE TO DEVELOP OUR EDUCATIONAL AND ARTS AESTHETIC BY EXPANDING OUR ARTS EXPERIENCES, EXPOSURE, AND PARTNERSHIPS.

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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 $6,006,739
Program Service Revenue $0
Investment Income $53,250
Other Revenue $28,341
TOTAL REVENUE $6,088,330

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,308,373
Fundraising Expenses $0
Program Expenses $5,082,161
Other Expenses $1,571,065
TOTAL EXPENSES $6,879,438

Year-over-Year Comparison

2024 2023 Change
Revenue $6,088,330 $6,705,567 -0.1%
Expenses $6,879,438 $6,466,773 +0.1%
Net Income $-791,108 $238,794 -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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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
94
Volunteers
250

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
5
$541,978
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELLE BRITTAIN-WATTS CHIEF EXECUTIVE OFFICER 40.00
Officer
$157,819 $32,401 $190,220
AMY BERNS PRINCIPAL/BUILDING ADMIN 40.00
Officer
$129,557 $35,589 $165,146
VIONTA JONES DIRECTOR OF OPERATIONS 40.00
Officer
$89,250 $31,527 $120,777
IBRAHIM TAWFEEK K-4 PRINCIPAL 40.00
Officer
$52,032 $13,803 $65,835
TANYA STUART-OVERDORF BOARD CHAIR 5.00
Officer Director
$0 $0 $0
KAY FEENEY-CAITO ADVANCEMENT CHAIR 3.00
Director
$0 $0 $0
TED GIVENS SAFETY AND FACILITIES CHAIR 3.00
Director
$0 $0 $0
KELLI MARSHALL ACADEMIC COMMITTEE CHAIR 3.00
Director
$0 $0 $0
GREG WALLIS FINANCE CHAIR 3.00
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 $6,088,330 $6,879,438 $1,071,568 $-791,108
2024 $6,705,567 $6,466,773 $1,932,483 $238,794
2023 $7,086,382 $6,696,239 $1,763,767 $390,143
2022 $5,027,098 $4,708,703 $1,235,058 $318,395
2021 $4,335,233 $4,360,858 $1,027,832 $-25,625
2020 $4,290,182 $4,084,251 $1,059,532 $205,931
2019 $4,089,010 $3,997,019 $803,028 $91,991
2018 $3,614,112 $3,152,083 $1,015,032 $462,029
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