Damar Charter School Inc
- Assets
- $2.7m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 34
- Location
- Indianapolis, IN
- Founding
- 09/2013
- Data as of
- 06/2022
- EIN
- 27-3166941
Organization Overview
Damar Charter School Inc, operating under the name Damar Charter Academy, is located in Indianapolis, IN. The organization was established in 2013. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Damar Charter Academy employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Damar Charter Academy 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 06/2022, Damar Charter Academy generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $3.1m during the year ending 06/2022. While expenses have increased by 3.0% per year over the past 7 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DAMAR CHARTER ACADEMY PROVIDES INTENSIVE,INDIVIDUAL PROGRAMS AND BEHAVIORAL SUPPORTS TO STUDENTS WITH AUTISM AND OTHER INTELLECTUAL, SOCIAL AND DEVELOPMENTAL CHALLENGES
Describe the Organization's Program Activity:
DAMAR CHARTER ACADEMY IS A PUBLIC SCHOOL SPONSORED BY THE MAYOR OF INDIANAPOLIS' OFFICE OF EDUCATION INNOVATION AND DEDICATED TO DEFINING AND IMPLEMENTING BEST PRACTICES FOR THE EDUCATION OF CHILDREN WITH SPECIAL LEARNING AND BEHAVIORAL NEEDS IN GRADES KINDERGARTEN THROUGH 12. IT PROMOTES THE DEVELOPMENT OF FULL ACADEMIC, BEHAVIORAL, SOCIAL, INDEPENDENT LIVING AND VOCATIONAL POTENTIAL OF ITS STUDENTS, WHILE OFFERING EXTENSIVE SUPPORT SERVICES, THERAPISTS AND LOW STUDENT TO STAFF RATIOS NOT AVAILABLE OR ACCESSIBLE IN OTHER SCHOOLS. THE SCHOOL IS OPEN TO ALL APPLICANTS AND CURRENTLY SERVES 180 STUDENTS WITH 95.55% HAVING SPECIAL NEEDS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allyson Strother School Board Member | Trustee | 2 | $0 |
Amber Fields School Board Member | Trustee | 2 | $0 |
Joey Wright Board Chair | OfficerTrustee | 5 | $0 |
Karen Snyder Secretary Of The School Board | OfficerTrustee | 2 | $0 |
Lyle Coleman School Board Member | Trustee | 2 | $0 |
Dr Sam Moya School Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,019 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,370 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,389 |
| Total Program Service Revenue | $3,246,941 |
| Investment income | $0 |
| 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 | $3,265,330 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,500,415 |
| Pension plan accruals and contributions | $14,848 |
| Other employee benefits | $326,106 |
| Payroll taxes | $110,266 |
| Fees for services: Management | $133,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,712 |
| Fees for services: Lobbying | $47,637 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $142,292 |
| Advertising and promotion | $0 |
| Office expenses | $800 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $462,816 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,070 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $111,237 |
| Insurance | $33,010 |
| All other expenses | $0 |
| Total functional expenses | $3,149,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,224,694 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $125,673 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,882 |
| Net Land, buildings, and equipment | $315,712 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,677,961 |
| Accounts payable and accrued expenses | $458,899 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $458,899 |
| Net assets without donor restrictions | $2,219,062 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,677,961 |