Paramount School Of Excellence Incorporated

Organization Overview

Paramount School Of Excellence Incorporated is located in Indianapolis, IN. The organization was established in 2009. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Paramount School Of Excellence Incorporated employed 196 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paramount School Of Excellence Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2020, Paramount School Of Excellence Incorporated generated $12.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $12.9m during the year ending 06/2020. While expenses have increased by 13.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

PARAMOUNT SCHOOLS OF EXCELLENCE'S THREE EAST SIDE 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 MAYOR'S OFFICE OF EDUCATION INNOVATION, THE FREE PUBLIC CHARTER SCHOOLS CURRENTLY SERVE 1,250 STUDENTS, OF WHICH 79% ARE FROM HOUSEHOLDS AT OR BELOW THE POVERTY LEVEL. RISK FACTORS FOR PARAMOUNT STUDENTS 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 PARAMOUNT'S STUDENTS REACH THEIR FULL POTENTIAL.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PARAMOUNT'S EDUCATION FRAMEWORK AND HARDWORKING STAFF HAVE PROVEN TO BE A SUCCESSFUL COMBINATION. STATE TESTING CONSISTENTLY RANKS PARAMOUNT AMONG THE TOP CHARTER SCHOOLS IN INDIANA. RESULTS FOR THE 2019 INDIANA ILEARN ACADEMIC ASSESSMENT PLACED PARAMOUNT COMMUNITY HEIGHTS AS THE TOP-PERFORMING SCHOOL WITHIN THE IPS' BOUNDARIES, AND PARAMOUNT BROOKSIDE AS THE FOURTH HIGHEST. ADDITIONALLY, PARAMOUNT BROOKSIDE HAS DESIGNATED AN INDIANA "A" SCHOOL AND A 2018 U.S. BLUE RIBBON SCHOOL. THE EDUCATION EQUALITY INDEX RECOGNIZED PSOE FOR CLOSING THE ACHIEVEMENT GAP IRRESPECTIVELY OF A FAMILY'S INCOME. AND THE INDIANA DEPARTMENT OF EDUCATION INCLUDED PARAMOUNT AMONG THE 200 PROMISING PRACTICES FOR ACCESSIBILITY IN STEM EDUCATION.


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Board, Officers & Key Employees

Name (title)Compensation
Thomas Reddicks
Executive Director
$165,000
Jessica Monk
COO
$131,043
James Hazzard
Vice Chair
$67,500
Tom Rude
Board Chair
$0
Brittany Eldgridge
Board Treasurer
$0
Peggy Blackard
Board Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Keystone Group
Construction
$2,154,285
Executive Image
Janitorial Services
$368,231
Bookkeeping Plus Inc
Bookkeeping/accounting
$149,770
Johnson Controls
Hvac
$133,185
Easterseals Crossroads
Therapy
$124,898
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$12,020,901
Investment income $9,720
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,116,236

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Paramount School Of Excellence Incorporated has recieved totaling $1,032,674.

Awarding OrganizationAmount
The Mind Trust Inc

Indianapolis, IN

PURPOSE: SEE ATTACHED

$582,500
Charter Fund Inc

Broomfield, CO

PURPOSE: CHARTER SCHOOL GROWTH

$450,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$174
View Grant Recipient Profile

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