2026-04-15T09:57:47-05:00 2025-06-30 351356555 DONOVAN PC 5151 E US HWY 36 AVON IN 46123 990 2024-07-01 810741071 CIRCLE CITY PREPARATORY INC CIRC 3176434209 4002 N FRANKLIN RD INDIANAPOLIS IN 46226 MEGAN MURPHY EXECUTIVE DIRECTOR 3176434209 2026-04-13 1 0 ABIGAIL HEDGES CPA P02058156 3177456411 2026-04-13 2024 2025-03-06 01:10:19Z MEGAN MURPHY 4002 N FRANKLIN RD INDIANAPOLIS IN 46226 6527249 0 X WWW.CIRCLECITYPREP.ORG X 2015 IN 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. 9 9 75 9 0 0 6064201 6398329 0 0 85297 43208 73506 83942 6223004 6525479 0 0 0 0 3333227 4123320 0 0 0 2387525 2730367 5720752 6853687 502252 -328208 7354222 7370084 5212461 5556531 2141761 1813553 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. 0 0 4629965 83897 ACQUISITION OF ACE PREP AND EXPANDING EXTRACURRICULAR OPPORTUNITIES ON THIS CAMPUS. RETENTION OF 90%+ OF INSTRUCTIONAL STAFF SY25 TO SY26. IREAD GRADE 2 INCREASED FROM 15% IN SY24 TO 40% IN SY25 (NOTE: THIS ASSESSMENT IS A G3 ASSESSMENT - OF INCOMING 3RD GRADERS HAVE NOW ALREADY PASSED). 4629965 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 24 0 75 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 1 0 0 0 0 1 1 0 0 1 1 0 1 1 0 1 1 0 IN X X COURTNEY ECKERLE 3128521172 5326 HILLSIDE AVE INDIANAPOLIS IN 46220 MEGAN MURPHY HEAD OF SCHOOL 40.00 X 141431 0 16386 SAMANTHA HYDE ASSISTANT HEAD OF SCHOOL 40.00 X 94264 0 28301 ALISE DALSTROM ASSISTANT HEAD OF SCHOOL 40.00 X 85387 0 26113 COURTNEY ECKERLE DIRECTOR OF BUSINESS 40.00 X 64932 0 28667 LESLIE TARBLE BOARD CHAIR 2.00 X X 0 0 0 NIGEL RIGGINS BOARD VICE CHAIR 2.00 X X 0 0 0 ROBERT GRIMM BOARD SECRETARY 2.00 X X 0 0 0 ALEXIS SOWDER BOARD TREASURER 2.00 X X 0 0 0 DAVID FISCHER BOARD MEMBER 2.00 X 0 0 0 KEVIN LENNON BOARD MEMBER 2.00 X 0 0 0 DARROW NEVES BOARD MEMBER 2.00 X 0 0 0 DREW ROSENBARGER BOARD MEMBER 2.00 X 0 0 0 DARIUS SAWYERS BOARD MEMBER 2.00 X 0 0 0 386014 0 99467 1 0 1 0 0 23811 5921138 453380 6398329 43208 43208 1815 23811 1770 45 45 OTHER INCOME 900099 83897 83897 83897 6525479 83897 0 43253 503373 273812 229561 2826762 1543899 1282863 74437 39638 34799 459908 244903 215005 258840 137834 121006 21896 21896 6083 6083 82217 82217 208007 134055 73952 18827 18827 607367 444149 163218 84959 76049 8910 433993 433993 60772 57445 3327 249100 249100 438589 438589 36176 36176 FOOD SERVICE 289393 289393 CURRICULUM 89153 89153 STAFF DEVELOPMENT 59560 59560 MISCELLANEOUS 24786 24786 19489 19489 6853687 4629965 2223722 0 433366 2389178 1659185 191279 281106 34970 17525 5395436 1424908 4333842 3970528 701580 711747 7354222 7370084 193349 238291 4215392 4170377 803720 1147863 5212461 5556531 X 2141761 1613553 200000 2141761 1813553 7354222 7370084 -328208 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 237700 237700 3012300 451845 2560455 1540634 289429 1251205 604802 683634 -78832 3970528 RESTRICTED CASH 442532 OPERATING LEASE RIGHT-OF-USE ASSETS 188503 SECURITY DEPOSITS 80712 711747 REFUNDABLE ADVANCES 661860 OPERATING LEASE OBLIGATION 188503 DEBT SERVICE RESERVE FUND 297500 1147863 X 6527249 1770 1770 6525479 0 6525479 6855457 1770 1770 6853687 0 6853687 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, 2025 AND 2024, 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. THE TAX YEARS ENDED AFTER JUNE 30, 2021 ARE OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 1,770. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 1,770. 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 NONDISCRIMATORY POLICY, INCLUDED IN THE SCHOLAR/FAMILY HANDBOOK ON THE SCHOOL'S WEBSITE, CLEARLY STATES THAT THE SCHOOL "DOES NOT DISCRIMINATE IN ADMISSION TO, ACCESS TO, TREATMENT IN, OR EMPLOYMENT IN ITS SERVICES, PROGRAMS AND ACTIVITIES, ON THE BASIS OF RACE, COLOR, RELIGION, SEX OR NATIONAL ORIGIN, IN ACCORDANCE WITH TITLE VI AND TITLE VII OF THE CIVIL RIGHTS ACT OF 1964." SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVED FUNDING FROM THE STATE OF INDIANA AS A PUBLIC CHARTER SCHOOL UNDER INDIANA CODE 20-24. IT ALSO RECEIVES FUNDING UNDER FEDERAL PROGRAMS ADMINISTERED BY THE STATE OF INDIANA. HELP US BUILD THE PLAYGROUND 25626 23811 1815 618 1029 123 25626 23811 1815 618 1029 123 1770 45 X X 0 0 0 0 0 0 0 0 0 MEGAN MURPHY HEAD OF SCHOOL 141431 0 0 0 0 0 4123 0 12263 0 157817 0 0 0 A INDIANA FINANCE AUTHORITY 351602316 45506EBA0 2021-01-07 4442963 PURCHASE BUILDING AND FURNISHINGS 0 0 0 A 4442963 85256 4357707 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION ACQUIRED ACE PREPARATORY, INC. AND THE TWO ORGANIZATION'S BOARDS OF DIRECTORS MERGED FOLLOWING THE CHARTER TRANSFER AGREEMENT SIGNED IN JUNE 2025. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF FORM 990 IS PROVIDED TO DIRECTORS AND MEMBERS AT A BOARD MEETING FOR REVIEW. THE BOARD OF DIRECTORS REVIEWS THE DRAFT AND RECOMMENDS ANY NECESSARY CHANGES. AFTER REVIEW, THE BOARD VOTES TO APPROVE THE FINAL FORM 990 FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL'S CONFLICT-OF-INTEREST POLICY APPLIES TO ALL EMPLOYEES AND REQUIRES PROMPT WRITTEN DISCLOSURE TO THE HEAD OF SCHOOL OF ANY ACTUAL OR POTENTIAL CONFLICTS, INCLUDING RELATIONSHIPS WITH VENDORS OR FAMILIES, THAT COULD RESULT IN PERSONAL GAIN OR INFLUENCE SCHOOL DECISIONS. THE HEAD OF SCHOOL REVIEWS AND DETERMINES WHETHER A CONFLICT EXISTS AND WHETHER A PROPOSED RELATIONSHIP MAY BE APPROVED, ESTABLISHES SAFEGUARDS AS NEEDED, AND WITHHOLDS APPROVAL IF THE RELATIONSHIP WOULD INTERFERE WITH DUTIES OR HARM THE SCHOOL'S INTERESTS. MONITORING AND HANDLING PRACTICES INCLUDE REQUIRING DISCLOSURE WHEN AN EMPLOYEE CAN INFLUENCE PURCHASING/CONTRACTING DECISIONS, ASSESSING POTENTIAL CONFLICTS IN ADVANCE, AND DOCUMENTING APPROVALS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS COMPILES NECESSARY DATA FOR A SOUND DECISION TO BE MADE AROUND COMPENSATION FOR THE EXECUTIVE DIRECTOR. ALL BOARD MEMBERS ARE INVOLVED IN THE DECISION MAKING PROCESS AND THE BOARD OF DIRECTORS MUST REVIEW, DISCUSS AND VOTE TO APPROVE COMPENSATION FOR THE EXECUTIVE DIRECTOR. THE BOARD OF DIRECTORS COMPILES NECESSARY DATA FOR A SOUND DECISION TO BE MADE AROUND COMPENSATION FOR THE KEY EMPLOYEES OF THE ORGANIZATION. ALL BOARD MEMBERS ARE INVOLVED IN THE DECISION MAKING PROCESS AND THE BOARD OF DIRECTORS MUST REVIEW, DISCUSS AND VOTE TO APPROVE COMPENSATION FOR THE KEY EMPLOYEES OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A FINANCE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE OVERSIGHT PROCESS AND SELECTION PROCESS DID NOT CHANGE DURING THE TAX YEAR.