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Nonprofit · EIN 26-1682732

INDEPENDENCE ACADEMY OF INDIANA INC

Also known as INDEPENDENCE ACADEMY

Tax-exempt · INDIANAPOLIS, IN 46278

Financials

$1.3M$1.2M2022$1.8M$1.5M2023$2.5M$1.5M2024
Revenue Expenses · by fiscal year end
Financials of INDEPENDENCE ACADEMY OF INDIANA INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
July 31, 2025990$2,548,330$1,485,057$1,063,273$6,023,642$2,702,106$3,321,536
July 31, 2024990$1,819,769$1,534,250$285,519$5,080,946$2,790,860$2,290,086
July 31, 2023990$1,291,703$1,218,143$73,560$4,630,396$2,835,197$1,795,199
Financial details: 990 for the year ended July 31, 2025

Revenue

Contributions, gifts and grants
$438,907
Program service revenue
$1,735,058
Investment income
$205,021
Net gain from sales of assets
$149,123
Other revenue
$169,344

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$845,190
Salaries, compensation and benefits (total)
$929,047
Professional fundraising fees
$0
Occupancy
$149,992
Depreciation
$98,761
Program services (functional)
$1,061,751
Management and general (functional)
$423,306

Balance sheet and other

Total assets, start of year
$5,080,946
Total assets, end of year
$6,023,642
Total liabilities, end of year
$2,702,106
Net assets, end of year
$3,321,536
Land, buildings and equipment
$3,165,244
Publicly traded securities
$2,141,670
Gross receipts
$3,457,408
Employees
26
Year formed
2008
State of legal domicile
IN

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 July 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
ROB HAGEBOECKBOARD MEMBER
Trustee or director
2$0
GORDON HOMESBOARD MEMBER
Trustee or director
2$0
JOHN HUBERBOARD MEMBER
Trustee or director
5$0
KERRI JOHNSONBOARD MEMBER
Trustee or director
15$0
TARRYN REEVES JOINERBOARD MEMBER
Trustee or director
5$0
KYLE MCDERMONTBOARD MEMBER
Trustee or director
5$0
TIM PETERSONPRESIDENT
Trustee or director
2$0
SIMONE RAGAUDBOARD MEMBER
Trustee or director
2$0
KELLI WILSONBOARD MEMBER
Trustee or director
2$0
990 for the year ended July 31, 2024: 7 people
NameTitleHours / weekCompensation
CAROL E GASSENBOARD MEMBER
Trustee or director
5$0
GORDON HOMESBOARD MEMBER
Trustee or director
2$0
TARRYN REEVES JOINERBOARD MEMBER
Trustee or director
2$0
DAVID MEIERBOARD MEMBER
Trustee or director
2$0
TIM PETERSONBOARD MEMBER
Trustee or director
5$0
SIMONE RAGAUDBOARD MEMBER
Trustee or director
5$0
KARI SHEWARDBOARD MEMBER
Trustee or director
5$0
990 for the year ended July 31, 2023: 12 people
NameTitleHours / weekCompensation
KAKI GARARDPRESIDENT
Trustee or director
–$0
CAROL E GASSENBOARD MEMBER
Trustee or director
–$0
GORDON HOMESBOARD MEMBER
Trustee or director
–$0
TARRYN REEVES JOINERBOARD MEMBER
Trustee or director
–$0
FRANK KNEZBOARD MEMBER
Trustee or director
–$0
LINDSAY KNEZBOARD MEMBER
Trustee or director
–$0
DAVID MEIERBOARD MEMBER
Trustee or director
–$0
JESS PAULBOARD MEMBER
Trustee or director
–$0
TIM PETERSONBOARD MEMBER
Trustee or director
–$0
SIMONE RAGAUDBOARD MEMBER
Trustee or director
–$0
JOE RAINWATERBOARD MEMBER
Trustee or director
–$0
KARI SHEWARDBOARD MEMBER
Trustee or director
–$0

Address and contacts

Address (IRS master file)
7302 WOODLAND DR, INDIANAPOLIS, IN 46278-1736
In care of
% GREGORY L PADGETT
Principal officer (990 for 2024)
TIM PETERSON
Signed the 990
TIM PETERSON, PRESIDENT
Phone
(317) 926-0043
Return prepared by
BOGDANOFF DAGES AND CO PC

Mission

EDUCATE STUDENTS WITH HIGH FUNCTIONING AUTISM AND ASPERGERS SO THEY MAY ACHIEVE THEIR HIGHEST LEVEL OF INDEPENDENCE AND ACEDEMIC SUCCESS.

990 for the year ended July 31, 2025

Program accomplishments

  • THE STUDENTS OF THE INDEPENDENCE ACADEMY OF INDIANA, INC. MADE PROGRESS IN ACEDEMIC AND SOCIAL LIFE SKILLS WHICH HELPS THEM MEET THE GOALS SET FORTH BY THE INDEPENDENCE ACADEMY OF INDIANA, INC. FOR THE STUDENTS TO FIND SUCCESS AND REALIZE THEIR MAXIMUM POTENTIAL.
    Expenses $877,953
  • INTERNAL SCHOLARSHIPS PROVIDED FOR FAMILIES WHERE FINANCIAL ASSISTANCE IS NEEDED
    Expenses $183,798

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 July, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025July 31, 2026December 15, 2026Not due yet
2024July 31, 2025December 15, 2025990 on file
2023July 31, 2024December 16, 2024990 on file

IRS record

EIN
26-1682732
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
2009
Accounting year ends
July
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B25)
Assets (IRS master file)
$6,023,642
Income (IRS master file)
$3,457,408

Filing history

FormYear endedRevenueExpensesAssetsReturn
990July 2025$2,548,330$1,485,057$6,023,642XML
990July 2024$1,819,769$1,534,250$5,080,946XML
990July 2023$1,291,703$1,218,143$4,630,396XML
990July 2022$1,563,055$930,485$4,765,125IRS
990July 2021–––IRS
990July 2020–––IRS
990July 2019–––IRS
990July 2018–––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 26-1682732).

Questions about INDEPENDENCE ACADEMY OF INDIANA INC

What is the EIN of INDEPENDENCE ACADEMY OF INDIANA INC?
The employer identification number (EIN) of INDEPENDENCE ACADEMY OF INDIANA INC is 26-1682732.
Is INDEPENDENCE ACADEMY OF INDIANA INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
Are donations to INDEPENDENCE ACADEMY OF INDIANA INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does INDEPENDENCE ACADEMY OF INDIANA INC 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 INDEPENDENCE ACADEMY OF INDIANA INC due?
The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did INDEPENDENCE ACADEMY OF INDIANA INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended July 2025.
Who is the principal officer of INDEPENDENCE ACADEMY OF INDIANA INC?
The 990 for the year ended July 31, 2025 names TIM PETERSON.
Who are the officers and directors of INDEPENDENCE ACADEMY OF INDIANA INC?
The 990 for the year ended July 31, 2025 lists 9 people; 0 received compensation from the organization.
How much revenue does INDEPENDENCE ACADEMY OF INDIANA INC have?
On its 990 for the year ended July 31, 2025 it reported revenue of $2,548,330, expenses of $1,485,057 and total assets of $6,023,642 at year end.

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