Indian Springs School
- Assets
- $15.0m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Indian Springs, AL
- Founding
- 09/1989
- Data as of
- 06/2022
- EIN
- 63-1000137
Organization Overview
Indian Springs School is located in Indian Springs, AL. The organization was established in 1989. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indian Springs School 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, Indian Springs School generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $132.7k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT ALABAMA EDUCATIONAL FOUNDATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SERVE AS A SUPPORT ORGANIZATION FOR ALABAMA EDUCATIONAL FOUNDATION
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Engel Chair, Board Of Directors | OfficerTrustee | 0 | $0 |
Robert Aland Treasurer Board Of Directo | OfficerTrustee | 0 | $0 |
Tanya Yeager Assistant Head Of School For Finance & Operations | Officer | 40 | $0 |
Peggy Fleetwood Secretary | Officer | 40 | $0 |
Scott Schamberger Head Of School | Officer | 40 | $0 |
James Simon Assistant Head Of School F | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,971,075 |
| Noncash contributions included in lines 1a–1f | $404,857 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,971,075 |
| Total Program Service Revenue | $0 |
| Investment income | $356,858 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,683 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,348,616 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $63,116 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $69,623 |
| Total functional expenses | $132,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,190,669 |
| Pledges and grants receivable | $880,401 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $12,823,402 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $76,612 |
| Total assets | $14,971,084 |
| Accounts payable and accrued expenses | $0 |
| 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 | $203,221 |
| Total liabilities | $203,221 |
| Net assets without donor restrictions | $7,305,173 |
| Net assets with donor restrictions | $7,462,690 |
| 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 | $14,971,084 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Indian Springs School has recieved totaling $133,668.
| Awarding Organization | Amount |
|---|---|
Steiner Foundation Birmingham, AL PURPOSE: TO SUPPORT EDUCATION | $25,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $25,000 |
Sperling Family Charitable Foundation Birmingham, AL PURPOSE: 3 OF 3 PLEDGE PAYMENT DINING HALL CAMPAIGN | $18,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $14,000 |
Sanders Family Foundation Birmingham, AL PURPOSE: TUITION FOR SCHOLARSHIP STUDENT | $11,000 |
Acworth Foundation Huntington, NY PURPOSE: EDUCATION TUITION | $10,000 |
Endowment Analysis
| Beg. Balance | $14,449,900 |
| Earnings | -$1,318,996 |
| Net Contributions | $966,943 |
| Other Expense | $398,356 |
| Ending Balance | $13,699,491 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ensworth School Nashville, TN | $203,625,309 | $44,175,360 |
Kings Academy Inc West Palm Beach, FL | $71,507,499 | $41,105,705 |
Bridgeprep Academy Inc Miami, FL | $11,150,990 | $35,186,838 |
Westminster Christian School Miami, FL | $63,040,762 | $31,809,440 |
Scheck Hillel Community School Inc North Miami, FL | $32,581,738 | $29,091,360 |
Freedom Preparatory Academy Inc Memphis, TN | $50,857,494 | $33,295,008 |
Cushman School Inc Miami, FL | $60,717,443 | $28,827,418 |
Mt Paran Christian School Inc Kennesaw, GA | $56,928,804 | $29,889,603 |
Franklin Road Academy Inc Nashville, TN | $58,128,778 | $31,046,189 |
Brentwood Academy Inc Brentwood, TN | $50,379,157 | $25,930,047 |
The Hebrew Day School Of Broward County Inc Davie, FL | $31,151,205 | $23,429,832 |
Jackson Academy Inc Jackson, MS | $38,072,523 | $26,664,882 |