Midwest Academy Inc
- Assets
- $4.9m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 39
- Location
- Carmel, IN
- Founding
- 12/1994
- Data as of
- 06/2021
- EIN
- 35-1890348
Organization Overview
Midwest Academy Inc is located in Carmel, IN. The organization was established in 1994. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2021, Midwest Academy Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midwest Academy Inc 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 06/2021, Midwest Academy Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $2.1m during the year ending 06/2021. While expenses have increased by 5.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE OFFER OUR STUDENTS A SMALL, ENGAGING EDUCATIONAL SETTING, AN INSPIRING PROGRESSIVE CURRICULUM AND A CULTURE FOCUSED ON THE DEVELOPMENT OF THE WHOLE CHILD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIDWEST ACADEMY IS AN INTENTIONAL EDUCATIONAL COMMUNITY SERVING STUDENTS IN GRADES 3-12 WITH ADD/ADHD, LANGUAGE-BASED LEARNING DIFFERENCES, HIGH FUNCTIONING AUTISM, AND PROCESSING CHALLENGES. THE SCHOOL IS DESIGNED TO DEVELOP ACADEMIC ACHIEVEMENT, SELF-ACCEPTANCE, AND PERSONAL ACCOUNTABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Gailey Ex Officio | Officer | 40 | $204,616 |
Jon Davis President | OfficerTrustee | $0 | |
Wayne Kotulic Vice Preside | OfficerTrustee | $0 | |
Mehul Patel Trustee | Trustee | $0 | |
Cathy Peacock Trustee | Trustee | $0 | |
Kelly Ratliff Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $91,208 |
| Related organizations | $0 |
| Government grants | $470,713 |
| All other contributions, gifts, grants, and similar amounts not included above | $159,322 |
| Noncash contributions included in lines 1a–1f | $29,382 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $721,243 |
| Total Program Service Revenue | $1,681,462 |
| Investment income | $1,173 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$35,553 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,378,544 |
| 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. | $254,597 |
| Compensation of current officers, directors, key employees. | $45,344 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $997,308 |
| Pension plan accruals and contributions | $40,230 |
| Other employee benefits | $184,388 |
| Payroll taxes | $82,056 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,185 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,979 |
| Advertising and promotion | $13,260 |
| Office expenses | $26,482 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,858 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24,948 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $145,653 |
| Insurance | $14,975 |
| All other expenses | $13,928 |
| Total functional expenses | $2,085,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,078 |
| Savings and temporary cash investments | $1,302,064 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $585,674 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,964,496 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,929,312 |
| Accounts payable and accrued expenses | $74,067 |
| Grants payable | $0 |
| Deferred revenue | $573,273 |
| 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 | $419,949 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,067,289 |
| Net assets without donor restrictions | $3,862,023 |
| 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 | $4,929,312 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Midwest Academy Inc has recieved totaling $52,312.
| Awarding Organization | Amount |
|---|---|
The Duchossois Family Foundation Chicago, IL PURPOSE: ANNUAL GIFT | $30,000 |
Toomer Family Foundation Tr Ua 07232004 Carmel, IN PURPOSE: OPERATIONS | $20,000 |
William C Meier Foundation Carmel, IN PURPOSE: GENERAL SUPPORT | $1,220 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $617 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $475 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Yum Brands Foundation Inc Louisville, KY | $62,047,633 | $1,353,894 |
Girl Scouts Of Eastern Missouri Inc St Louis, MO | $41,876,901 | $17,676,549 |
Zakat Foundation Of America Worth, IL | $10,176,762 | $13,348,196 |
Rose Brooks Center Inc Kansas City, MO | $20,126,633 | $9,910,378 |
Horizon House Of Illinois Valley Inc Peru, IL | $4,828,429 | $7,447,824 |
Marshall-Starke Development Center Inc Plymouth, IN | $2,688,412 | $6,830,962 |
Lakeshore Cap Inc Of Wisconsin Manitowoc, WI | $4,910,382 | $5,227,133 |
Jefferson County Comprehensive Mt Vernon, IL | $4,460,703 | $5,732,425 |
Cdc Resources Inc Monticello, IN | $3,899,685 | $5,523,588 |
Innovation Development Institute Inc Chicago, IL | $6,803,364 | $5,200,844 |
B E D S Inc La Grange, IL | $5,236,874 | $5,113,317 |
Master Provisions Inc Florence, KY | $1,598,802 | $4,708,388 |