Circle City Preparatory Inc
- Assets
- $6.0m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 52
- Location
- Indianapolis, IN
- Founding
- 04/2016
- Data as of
- 06/2022
- EIN
- 81-0741071
Organization Overview
Circle City Preparatory Inc is located in Indianapolis, IN. The organization was established in 2016. 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, Circle City Preparatory Inc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Circle City Preparatory 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 06/2022, Circle City Preparatory Inc generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 42.3% each year . All expenses for the organization totaled $4.2m during the year ending 06/2022. While expenses have increased by 32.0% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH EXCELLENCE IN ACADEMIC INSTRUCTION AND CHARACTER DEVELOPMENT, CIRCLE CITY PREP ENSURES ALL K-8 STUDENTS ARE AMBITIOUS, POWERFUL LEARNERS AND RESPONSIBLE, POSITIVE LEADERS ON A PATH TO COLLEGE AND A LIFE OF OPPORTUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ILEARN DATA SHOWS CCP OUTPERFORMING OUR NEIGHBORHOOD SCHOOLS BY ABOUT 20%. WE ARE ALSO ON PACE, OR JUST ABOVE IPS AVERAGES.
RETAINED 90% OF STAFF.
STAFF INSIGHT SURVEY HAD TEACHERS RANK CCP IN THE TOP QUARTILE OF ALL SCHOOLS THAT TAKE THE SURVEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Murphy Head Of School | Officer | 50 | $114,707 |
Jinee Majors Board Member - End 06/22 | Trustee | 2 | $0 |
Doris Tolliver Board Member - End 06/22 | Trustee | 2 | $0 |
Courtney Eckerle Director Of Operations | Officer | 50 | $59,145 |
Chad Miller Board Chair | OfficerTrustee | 2 | $0 |
Leslie Tarble Vice Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ceres Food Grouptaher | 6/29/22 | $143,268 |
K1ds Count | 6/29/22 | $111,941 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,040,284 |
| All other contributions, gifts, grants, and similar amounts not included above | $465,180 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,505,464 |
| Total Program Service Revenue | $0 |
| Investment income | $796 |
| 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 | $4,574,743 |
| 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. | $200,862 |
| Compensation of current officers, directors, key employees. | $82,425 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,520,609 |
| Pension plan accruals and contributions | $31,792 |
| Other employee benefits | $201,505 |
| Payroll taxes | $134,816 |
| Fees for services: Management | $9,457 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $335,893 |
| Advertising and promotion | $26,108 |
| Office expenses | $371,452 |
| Information technology | $99,893 |
| Royalties | $0 |
| Occupancy | $80,907 |
| Travel | $10,952 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $276,004 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $172,661 |
| Insurance | $34,336 |
| All other expenses | $17,088 |
| Total functional expenses | $4,204,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $769,266 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $385,831 |
| 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 | $9,000 |
| Net Land, buildings, and equipment | $3,833,577 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $971,475 |
| Total assets | $5,969,149 |
| Accounts payable and accrued expenses | $327,915 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $4,550,422 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $55,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,933,337 |
| Net assets without donor restrictions | $1,035,812 |
| 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 | $5,969,149 |