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Nonprofit · EIN 04-3748642

INDEPENDENT ACADEMY CHARTER SCHOOL

Tax-exempt · GRAND JCT, CO 81504

Financials

$5.8M$5.6M2022$5.9M$6.2M2023$6.5M$6.7M2024
Revenue Expenses · by fiscal year end
Financials of INDEPENDENT ACADEMY CHARTER SCHOOL by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$6,491,284$6,678,089-$186,805$26,176,774$25,045,616$1,131,158
June 30, 2024990$5,859,086$6,194,987-$335,901$19,510,637$18,192,674$1,317,963
June 30, 2023990$5,787,355$5,556,750$230,605$18,730,359$17,309,978$1,420,381
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$592,791
of which government grants
$563,782
Program service revenue
$5,537,372
Investment income
$294,911
Other revenue
$66,210

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$2,576,687
Salaries, compensation and benefits (total)
$3,928,712
Professional fundraising fees
$0
Legal fees
$8,361
Accounting fees
$75,541
Occupancy
$272,193
Travel
$98,046
Depreciation
$522,112
Program services (functional)
$3,472,351
Management and general (functional)
$3,205,738

Balance sheet and other

Total assets, start of year
$19,510,637
Total assets, end of year
$26,176,774
Total liabilities, end of year
$25,045,616
Net assets, end of year
$1,131,158
Land, buildings and equipment
$11,866,104
Gross receipts
$6,491,284
Employees
62
Volunteers
5
Year formed
2002
State of legal domicile
CO

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
LISA GONSALVESED
Highest-paid employee
40$120,913
HADASSA BERGERSECRETARY/TR
Trustee or director, Officer
2$0
THOMAS GIBSONBOARD MEMBER
Trustee or director
2$0
BURK MARTINBOARD MEMBER
Trustee or director
2$0
LISA SUTHERLANDBOARD MEMBER
Trustee or director
2$0
BRAD THOMPSONBOARD PRESID
Trustee or director, Officer
2$0
990 for the year ended June 30, 2024: 7 people
NameTitleHours / weekCompensation
LISA GONSALVESED
Highest-paid employee
40$116,078
HADASSA BERGERTRUSTEE/TREA
Trustee or director, Officer
2$0
THOMAS GIBSONBOARD MEMBER
Trustee or director
2$0
BURK MARTINBOARD MEMBER
Trustee or director
2$0
JANE PIZEMNONVOTING ME
Trustee or director
2$0
LISA SUTHERLANDBOARD MEMBER
Trustee or director
2$0
BRAD THOMPSONBOARD PRESID
Trustee or director, Officer
2$0
990 for the year ended June 30, 2023: 6 people
NameTitleHours / weekCompensationOther / benefits
Lisa GonsalvesExecutive Director
Highest-paid employee
40$104,779$22,423
Sherry PricePresident
Trustee or director, Officer
2$0$0
Brad ThompsonCommunity Member
Trustee or director
2$0$0
Hadessa BurgerSecretary Treasurer
Trustee or director, Officer
2$0$0
Thomas GibsonParent Member
Trustee or director
2$0$0
Lisa SutherlandParent Member
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
675 29 RD, GRAND JCT, CO 81504-4663
In care of
% SHERRY PRICE
Principal officer (990 for 2024)
BRAD THOMPSON
Signed the 990
BRAD THOMPSON, BOARD PRESIDENT
Phone
(970) 255-8565
Return prepared by
PROSPECTIVE BUSINESS SOLUTIONS LLC

Mission

THE MISSION OF INDEPENDENCE CHARTER SCHOOL (IACS) IS TO EDUCATE STUDENTS OF DIVERSE AGES AND BACKGROUNDS - HELPING THEM UNDERSTAND, THRIVE IN, AND ENHANCE OUR COMMUNITY, OUR ENVIRONMENT,AND OUR WORLD. IACS REGARDS LEARNING AS A CONTINUING PROCESS AND STRIVES TO PROVIDE AN EDUCATION THAT WILL ENABLE STUDENTS TO LIVE PRODUCTIVE LIVES WHILE ACHIEVING SELF-FULFILLMENT AND READINESS FOR THE FUTURE. STUDENTS ARE ENCOURAGED TO THINK CRITICALLY AND ACT ETHICALLY WITH SENSITIVITY TO THE HUMAN COMMUNITY. IACS'S PHILOSOPHY STRESSES EXPERIENTIAL LEARNING AND APPLICATION WITHIN AN INTERDISCIPLINARY CURRICULUM.

990 for the year ended June 30, 2025

Program accomplishments

  • ESTABLISH, EQUIP,AND MAINTAIN A CHARTER SCHOOL FOR ELEMENTARY AND SECONDARY STUDENTS.
    Expenses $3,472,351

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
04-3748642
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2003
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B29)
Assets (IRS master file)
$26,176,774
Income (IRS master file)
$6,491,284

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$6,491,284$6,678,089$26,176,774XML
990June 2024$5,859,086$6,194,987$19,510,637XML
990June 2023$5,787,355$5,556,750$18,730,359XML
990June 2022$4,625,399$4,600,641$18,394,384IRS
990June 2021–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3748642).

Questions about INDEPENDENT ACADEMY CHARTER SCHOOL

What is the EIN of INDEPENDENT ACADEMY CHARTER SCHOOL?
The employer identification number (EIN) of INDEPENDENT ACADEMY CHARTER SCHOOL is 04-3748642.
Is INDEPENDENT ACADEMY CHARTER SCHOOL tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
Are donations to INDEPENDENT ACADEMY CHARTER SCHOOL tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does INDEPENDENT ACADEMY CHARTER SCHOOL file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of INDEPENDENT ACADEMY CHARTER SCHOOL due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did INDEPENDENT ACADEMY CHARTER SCHOOL last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of INDEPENDENT ACADEMY CHARTER SCHOOL?
The 990 for the year ended June 30, 2025 names BRAD THOMPSON.
Who are the officers and directors of INDEPENDENT ACADEMY CHARTER SCHOOL?
The 990 for the year ended June 30, 2025 lists 6 people; 1 received compensation from the organization, the highest $120,913 (LISA GONSALVES, ED).
How much revenue does INDEPENDENT ACADEMY CHARTER SCHOOL have?
On its 990 for the year ended June 30, 2025 it reported revenue of $6,491,284, expenses of $6,678,089 and total assets of $26,176,774 at year end.

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