2025-01-15T09:35:33-06:00 2024-06-30 351356555 DONOVAN PC 5151 E US HWY 36 AVON IN 46123 990 2023-07-01 300686902 MUNCIE PUBLIC CHARTER SCHOOL OF INQUIRY INC MUNC 7652167980 2801 E 16TH STREET MUNCIE IN 47302 TODD ROARK BOARD TREASURER 7652167980 2025-01-15 1 0 REX E MILLER CPA CGMA P01081969 3177456411 2025-01-15 2023 2024-10-15 13:58:12Z INSPIRE ACADEMY TODD ROARK 2801 E 16TH STREET MUNCIE IN 47302 3221080 0 X HTTPS://INSPIREMUNCIE.ORG/ X 2012 IN INSPIRE ACADEMY EXISTS TO EMPOWER A DIVERSE BODY OF STUDENTS WITH AN INTERNATIONALLY COMPETITIVE EDUCATION BY FOSTERING STUDENTS' NATURAL INCLINATION TOWARD CURIOSITY, DISCOVERY, AND ADVENTURE. 5 5 61 10 0 0 2886620 3095850 88612 84071 0 0 39018 38694 3014250 3218615 0 0 0 0 1634785 1804798 0 0 0 1212478 1294476 2847263 3099274 166987 119341 1743905 2048089 641312 826155 1102593 1221934 INSPIRE ACADEMY EXISTS TO EMPOWER A DIVERSE BODY OF STUDENTS WITH AN INTERNATIONALLY COMPETITIVE EDUCATION BY FOSTERING STUDENTS' NATURAL INCLINATION TOWARD CURIOSITY, DISCOVERY, AND ADVENTURE. 0 0 2285267 121690 THE SCHOOL SERVED APPROXIMATELY 195 STUDENTS DURING THE 2023-2024 SCHOOL YEARS (180 STUDENTS DURING THE 2022-2023 SCHOOL YEAR) IN GRADES PREKINDERGARTEN TO EIGHTH BY PROVIDING AN ALTERNATIVE TO THE TRADITIONAL ELEMENTARY SCHOOL PROGRAM. 2285267 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 32 0 61 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 IN X ANA MARIC 7652167980 2801 E 16TH ST MUNCIE IN 47302 PATRICK FASSNACHT PRINCIPAL 40.00 X 111650 0 0 ANA MARIC FINANCIAL MANAGER 40.00 X 41759 0 8969 DR THOMAS SCHROEDER BOARD PRESIDENT 1.00 X X 0 0 0 YVONNE THOMPSON VICE CHAIR 1.00 X X 0 0 0 ANGELA PACHECO-GONZALEZ BOARD SECRETARY 1.00 X X 0 0 0 TODD ROARK BOARD TREASURER 1.00 X X 0 0 0 JAMES REDIGER BOARD MEMBER 1.00 X 0 0 0 LESLIE DRAPER EXECUTIVE DIRECTOR 40.00 X 116725 0 19255 270134 0 28224 2 0 0 0 0 5235 3064472 26143 3095850 STUDENT FEES 611710 84071 84071 84071 3540 5235 2465 1075 1075 OTHER INCOME 900099 37619 37619 37619 3218615 121690 0 1075 321071 239190 81881 1199013 886568 312445 33370 26794 6576 119793 96185 23608 131551 100127 31424 51789 51789 10598 10598 37575 37575 113991 37722 76269 47046 47046 115798 97865 17933 79424 79424 195988 170451 25537 668 668 30074 30074 146109 146109 31778 31778 STUDENT TRANSPORTATION 215374 215374 FOOD COSTS 115105 115105 STAFF DEVELOPMENT 74001 71241 2760 BAD DEBT EXPENSE 16705 16705 12453 3112 9341 3099274 2285267 814007 0 77827 132106 7003 25004 130603 44553 18258 7948 19368 42577 2502171 706270 1490846 1795901 1743905 2048089 109868 167983 530003 653205 1441 4967 641312 826155 X 1102593 1221934 1102593 1221934 1743905 2048089 119341 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 76880 76880 148120 29007 119113 1688554 182073 1506481 452084 388076 64008 136533 107114 29419 1795901 FINANCE LEASE OBLIGATIONS 4967 4967 X 3221080 2465 2465 3218615 0 3218615 3101739 2465 2465 3099274 0 3099274 PART X, LINE 2: THE SCHOOL RECEIVED A DETERMINATION FROM THE U.S. TREASURY DEPARTMENT STATING IT QUALIFIES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS A TAX-EXEMPT ORGANIZATION; HOWEVER, THE SCHOOL WOULD BE SUBJECT TO TAX ON INCOME UNRELATED TO ITS TAX-EXEMPT PURPOSE. FOR THE YEARS ENDED JUNE 30, 2024 AND 2023, NO ACCOUNTING FOR FEDERAL AND STATE INCOME TAXES WAS REQUIRED TO BE INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PROFESSIONAL ACCOUNTING STANDARDS REQUIRE THE SCHOOL TO RECOGNIZE A TAX LIABILITY ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WOULD NOT BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX LIABILITY GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX LIABILITY IS RECORDED. THE SCHOOL EXAMINED THIS ISSUE AND DETERMINED THERE ARE NO MATERIAL CONTINGENT TAX LIABILITIES OR QUESTIONABLE TAX POSITIONS. TAX YEARS ENDED AFTER JUNE 30, 2020 ARE OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 2,465. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 2,465. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S MARKETING MATERIALS SPECIFY THAT IT IS A FREE PUBLIC CHARTER SCHOOL OPEN TO ANY STUDENT IN GRADES K-8 LIVING IN INDIANA. THE ADMISSION POLICY, PLACED WITH THE ENROLLMENT FORM ON THE SCHOOL'S WEBSITE, SPECIFIES THAT, "ADMISSION WILL NOT BE LIMITED ON THE BASIS OF INTELLECTUAL ABILITY, ATHLETIC ABILITY, DISABILITY, RACE, CREED, NATIONAL ORIGIN, RELIGION, ANCESTRY OR ANY OTHER CRITERIA THAT WOULD BE UNLAWFUL." SCHEDULE E, PART I, LINE 6 AS A PUBLIC CHARTER SCHOOL, THE ORGANIZATION RECEIVES STATE TUITION SUPPORT AS WELL AS FUNDING UNDER VARIOUS FEDERAL PROGRAMS ADMINISTERED BY THE INDIANA DEPARTMENT OF EDUCATION. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE SCHOOL'S DIRECTOR OF FINANCE. A COPY OF THE FORM 990 IS SENT ELECTONICALLY TO ALL BOARD MEMBERS AND TO THE SCHOOL LEADER FOR REVIEW PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF DIRECTORS DISCLOSE ANNUALLY BUSINESS RELATIONSHIPS THAT MAY CREATE A CONFLICT OF INTEREST. IN ADDITION, THE RELATIVELY SMALL SIZE OF THE ORGANIZATION AND KNOWLEDGE OF THE LIMITED NUMBER OF SERVICE PROVIDERS ALLOWS MANAGEMENT TO BE AWARE OF POTENTIAL CONFLICTS. EVERY PAYMENT MADE IS REVIEWED AND APPROVED BY BOTH THE SCHOOL LEADER AND THE SCHOOL TREASURER, AND ALL EXPENDITURES ARE REPORTED TO THE BOARD MONTHLY. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION PROCESS FOR TOP OFFICIAL: COMPENSATION FOR THE SCHOOL LEADER IS DETERMINED ANNUALLY AND APPROVED BY THE FULL BOARD OF DIRECTORS. COMPENSATION FOR THE SCHOOL LEADER HAS BEEN SET TO ALIGN WITH THE SCHOOL'S LIMITED FINANCIAL RESOURCES. THIS HAS RESULTED IN COMPENSATION FOR THE SCHOOL LEADER AT WELL BELOW THAT FOR COMPARABLE POSITIONS AT AREA SCHOOLS. COMPENSATION PROCESS FOR OFFICERS: IN THE 2022-2023 FISCAL YEAR, THE ONLY OTHER OFFICER AT THE SCHOOL WAS THE DIRECTOR OF FINANCE. COMPENSATION FOR THE DIRECTOR OF FINANCE HAS BEEN SET TO ALIGN WITH THE SCHOOL'S LIMITED FINANCIAL RESOURCES. THIS HAS RESULTED IN COMPENSATION FOR THE SCHOOL LEADER AT WELL BELOW THAT FOR COMPARABLE POSITIONS AT AREA SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S BOARD OF DIRECTORS ASSUMES THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE SELECTION AND REVIEW PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR.