Near Eastside Innovation School Corp
- Assets
- $1.5m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 52
- Location
- Indianapolis, IN
- Founding
- 03/2017
- Data as of
- 06/2022
- EIN
- 81-4699378
Organization Overview
Near Eastside Innovation School Corp, operating under the name Thomas Gregg Neighborhood School, 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 06/2022, Thomas Gregg Neighborhood School employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thomas Gregg Neighborhood 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, Thomas Gregg Neighborhood School generated $4.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $4.2m during the year ending 06/2022. While expenses have increased by 9.2% 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
THOMAS GREGG NEIGHBORHOOD SCHOOL PREPARES STUDENTS TO CONTRIBUTE TO THE QUALITY OF LIFE OF THEIR COMMUNITY THROUGH RIGOROUS ACADEMICS, PERSONALIZED LEARNING, CIVIC INVOLVEMENT AND SOCIAL/EMOTIONAL SKILL DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE WERE ABLE TO IMPROVE OUR ATTENDANCE RATE BY ALMOST 7%, WHICH IS NEARLY WHERE WE WERE HEADING INTO THE PANDEMIC. WE ARE OPTIMISTIC ABOUT FULLY RESTORING OUR ATTENDANCE PERCENTAGES IN 22-23.
AT THOMAS GREGG NEIGHBORHOOD SCHOOL, WE ARE EXCITED ABOUT OUR POST-COVID EFFORTS TO REFINE AND REPLICATE OUR BEST PRACTICES. WE ARE MOVING INTO YEAR 2 OF A SCHOOL-WIDE TRAUMA INFORMED PRACTICES INITIATIVE WHERE WE HAVE PUT A LOT OF WORK INTO UNDERSTANDING AND IMPLEMENTING TIER 1 & 2 PRACTICES RELATED TO STUDENT SUPPORTS, REFINING OUR MORNING MEETINGS AND ALIGNING WITH SEL INSTRUCTION AND NORMING PROTOCOLS FOR CALM DOWN CORNERS AND GUIDED BREAKS. WE ARE CONTINUING OUR EFFORTS THIS YEAR WITH AN EMPHASIS ON UNDERSTANDING HOW TRAUMA IMPACTS THE BRAIN AND SUPPORTING ALL TYPES OF NEURO-DIVERSE LEARNERS.
WE WERE ABLE TO OBTAIN GROWTH OF JUST OVER 5% ON MATH PROFICIENCY IN 21-22. WE'RE HAPPY TO SEE A POSITIVE TREND HERE YET WE RECOGNIZE THERE IS A LOT MORE GROUND TO COVER. WE FEEL WE HAVE A SOLID PLAN IN PLACE TO IMPROVE PROFICIENCY, PARTICULARLY ON IREAD-3, MOVING INTO 22-23 AND ARE LOOKING FORWARD TO GETTING STARTED WITH STAFF AND STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ross Pippin Executive Director | Officer | 40 | $130,914 |
Amy Felipe Operations Manager | Officer | 45 | $42,047 |
Susan Adams Chairman | OfficerTrustee | 1 | $0 |
Breanca Merritt Vice Chairman | OfficerTrustee | 1 | $0 |
Susan Vogt Secretary | OfficerTrustee | 1 | $0 |
Beth Uselmann Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,213,719 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,257 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,229,976 |
| Total Program Service Revenue | $0 |
| 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 | $4,234,583 |
| 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 | $192,849 |
| Other salaries and wages | $2,456,648 |
| Pension plan accruals and contributions | $179,183 |
| Other employee benefits | $171,035 |
| Payroll taxes | $236,836 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,846 |
| Fees for services: Accounting | $43,774 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $605,473 |
| Advertising and promotion | $1,063 |
| Office expenses | $141,953 |
| Information technology | $17,387 |
| Royalties | $0 |
| Occupancy | $7,449 |
| 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 | $20,323 |
| Insurance | $22,065 |
| All other expenses | $0 |
| Total functional expenses | $4,232,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,196,760 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $220,125 |
| 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 | $53,377 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,470,262 |
| Accounts payable and accrued expenses | $156,045 |
| 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 | $156,045 |
| Net assets without donor restrictions | $1,314,217 |
| 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 | $1,470,262 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Near Eastside Innovation School Corp has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Walton Family Foundation Inc Bentonville, AR PURPOSE: PROVIDING IMMEDIATE SUPPORT TO WFF FUNDED SCHOOLS DURING COVID-19 | $20,000 |
The John H Boner Community Center Inc Indianapolis, IN PURPOSE: COVID COMMUNITY RESPONSE INVESTMENT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seeds Of Health Milwaukee, WI | $21,433,274 | $18,248,715 |
Ewing Marion Kauffman School Inc Kansas City, MO | $12,328,924 | $22,686,630 |
Hmong American Peace Academy Ltd Milwaukee, WI | $62,055,663 | $22,180,285 |
Crossroads Charter Schools Kansas City, MO | $14,061,355 | $16,288,564 |
Career Academy Of South Bend Inc South Bend, IN | $28,812,268 | $15,770,291 |
Southland College Prep Charter School Inc Richton Park, IL | $5,970,929 | $14,846,011 |
21st Century Charter School At Gary Inc Indianapolis, IN | $16,296,159 | $15,193,404 |
Avondale Meadows Academy Inc Indianapolis, IN | $23,354,036 | $14,362,990 |
Herron High School Inc Indianapolis, IN | $19,992,400 | $15,381,017 |
Tindley Accelerated Schools Inc Indianapolis, IN | $17,393,569 | $14,658,459 |
Lighthouse Academies Of Indiana Inc Indianapolis, IN | $16,035,849 | $15,931,838 |
Paramount School Of Excellence Incorporated Indianapolis, IN | $17,346,083 | $12,116,236 |