Allegiant Preparatory
- Assets
- $1.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 14
- Location
- Indianapolis, IN
- Founding
- 06/2017
- Data as of
- 06/2023
- EIN
- 81-3719222
Organization Overview
Allegiant Preparatory is located in Indianapolis, IN. The organization was established in 2017. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Allegiant Preparatory employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allegiant Preparatory 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 06/2023, Allegiant Preparatory generated $2.1m in total revenue. All expenses for the organization totaled $1.8m during the year ending 06/2023. While expenses have increased by 67.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ALLEGIANT PREPARATORY ACADEMY EDUCATES ALL STUDENTS IN GRADES K-8 WITH RIGOROUS ACADEMICS, CHARACTER DEVELOPMENT, AND A COMMITMENT TO COMMUNITY NECESSARY FOR COLLEGE SUCCESS AND A LIFE OF POSITIVE ACTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
57% OF SCHOLARS MET MATH OBSERVED GROWTH ON NWEA MAP ASSESSMENT.
10% PROFICIENCY GROWTH YEAR OVER YEAR ON 5TH GRADE ELA ILEARN.
80% STAFF RETENTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Anderson Head Of School | Officer | 55 | $104,539 |
Sequoia Anderson Director Of Operations | Officer | 45 | $70,692 |
Daniel Harting Board Chair | OfficerTrustee | 2 | $0 |
Aaron Laster Secretary | OfficerTrustee | 2 | $0 |
Brandon Lindsay Treasurer | OfficerTrustee | 2 | $0 |
Erin Bledsoe Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,068,995 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,207 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,125,202 |
| Total Program Service Revenue | $0 |
| Investment income | $4,717 |
| 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 | $2,144,912 |
| 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. | $188,935 |
| Compensation of current officers, directors, key employees. | $64,446 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $545,837 |
| Pension plan accruals and contributions | $31,369 |
| Other employee benefits | $81,756 |
| Payroll taxes | $52,365 |
| Fees for services: Management | $7,785 |
| Fees for services: Legal | $1,000 |
| Fees for services: Accounting | $67,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $161,237 |
| Advertising and promotion | $4,151 |
| Office expenses | $28,461 |
| Information technology | $66,880 |
| Royalties | $0 |
| Occupancy | $100,563 |
| Travel | $12,781 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,725 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,260 |
| Insurance | $18,244 |
| All other expenses | $0 |
| Total functional expenses | $1,796,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $694,180 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $148,045 |
| 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 | $15,661 |
| Net Land, buildings, and equipment | $298,151 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $497,184 |
| Total assets | $1,653,221 |
| Accounts payable and accrued expenses | $71,443 |
| 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 | $178,021 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $489,415 |
| Total liabilities | $738,879 |
| Net assets without donor restrictions | $914,342 |
| 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 | $1,653,221 |