Nonprofit · EIN 26-3890401
PARAMOUNT SCHOOL OF EXCELLENCE INCORPORATED
Tax-exempt · INDIANAPOLIS, IN 46202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $41,113,444 | $40,379,293 | $734,151 | $63,414,366 | $41,497,429 | $21,916,937 |
| June 30, 2024 | 990 | $30,915,211 | $29,985,605 | $929,606 | $46,990,984 | $25,808,198 | $21,182,786 |
| June 30, 2023 | 990 | $24,940,756 | $20,704,367 | $4,236,389 | $42,235,427 | $21,982,247 | $20,253,180 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $34,840,068
- of which government grants
- $32,930,396
- Program service revenue
- $5,824,339
- Investment income
- $249,687
- Net income from fundraising events
- -$8,378
- Other revenue
- $199,350
Expenses
- Grants and similar amounts paid
- $12,300
- Compensation of officers, directors and key employees
- $380,516
- Other salaries and wages
- $20,356,191
- Salaries, compensation and benefits (total)
- $24,613,241
- Professional fundraising fees
- $0
- Legal fees
- $4,169
- Accounting fees
- $539,293
- Occupancy
- $4,591,857
- Travel
- $655,528
- Depreciation
- $908,649
- Program services (functional)
- $32,312,338
- Management and general (functional)
- $8,066,955
Balance sheet and other
- Total assets, start of year
- $46,990,984
- Total assets, end of year
- $63,414,366
- Total liabilities, end of year
- $41,497,429
- Net assets, end of year
- $21,916,937
- Land, buildings and equipment
- $35,184,221
- Net assets without donor restrictions
- $21,916,937
- Gross receipts
- $41,124,690
- Employees
- 473
- Volunteers
- 40
- Year formed
- 2009
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THOMAS REDDICKS | EXECUTIVE DIRECTOR Officer | 40 | $210,284 | $24,265 |
| TARA GUSTIN | COO Highest-paid employee | 40 | $186,505 | $8,715 |
| KYLE BEAUCHAMP | CHIEF ACADEMIC OFFICER Highest-paid employee | 40 | $178,355 | $13,292 |
| DEXTER TAYLOR | PRINCIPAL Highest-paid employee | 40 | $138,183 | $26,318 |
| TIFFANY PALACIOS | CHRO Highest-paid employee | 40 | $121,804 | $25,660 |
| ANTHONY BROSE | PRINCIPAL Highest-paid employee | 40 | $126,482 | $16,644 |
| SCOTT SIMS | CFO Officer | 40 | $119,401 | $10,495 |
| JAMES HAZZARD | BOARD MEMBER Trustee or director | 1 | $72,922 | $0 |
| TOM RUDE | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JUDE AMU | BOARD VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ELSA MENDEZ | BOARD SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BRITTANY ELDGRIDGE | BOARD TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ASTER BEKELE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| AMANDA BISHOP | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JENNIFER PHILLIPS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THOMAS REDDICKS | EXECUTIVE DIRECTOR Officer | 40 | $194,464 | $20,071 |
| KYLE BEAUCHAMP | CHIEF ACADEMIC OFFICER Highest-paid employee | 40 | $166,502 | $9,902 |
| MARCUS MILLER | CFO Officer | 40 | $145,270 | $20,930 |
| TARA GUSTIN | COO Highest-paid employee | 40 | $145,351 | $4,892 |
| TIFFANY PALACIOS | SR. VP HUMAN RESOURCES Highest-paid employee | 40 | $104,562 | $21,232 |
| TOM RUDE | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JUDE AMI | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PEGGY BLACKARD | BOARD SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BRITTANY ELDGRIDGE | BOARD TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ASTER BEKELE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| AMANDA BISHOP | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES HAZZARD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ELSA MENDEZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THOMAS REDDICKS | EXECUTIVE DIRECTOR Officer | 40 | $159,754 | $0 |
| TARA GUSTIN | COO Highest-paid employee | 40 | $123,730 | $10,708 |
| KYLE BEAUCHAMP | CHIEF ACADEMIC OFFICER Highest-paid employee | 40 | $123,730 | $10,708 |
| MARCUS MILLER | CFO Officer | 40 | $121,658 | $2,656 |
| JAMES HAZZARD | BOARD MEMBER Trustee or director | 1 | $85,313 | $0 |
| TOM RUDE | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JUDE AMI | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PEGGY BLACKARD | BOARD SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BRITTANY ELDGRIDGE | BOARD TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ASTER BEKELE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| AMANDA BISHOP | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ELSA MENDEZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER PARK | BOARD MEMBER TERM ENDED Trustee or director | 1 | $0 | $0 |
| LIAM SMITH | BOARD MEMBER TERM ENDED Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1203 E SAINT CLAIR ST, INDIANAPOLIS, IN 46202-3590
- Principal officer (990 for 2024)
- THOMAS REDDICKS, 3020 NOWLAND AVE, INDIANAPOLIS, IN 46201
- Signed the 990
- SCOTT SIMS, CFO
- Phone
- (317) 775-6660
- Website
- WWW.PARAMOUNTINDY.ORG
- Return prepared by
- BLUE & CO LLC
Mission
TO INSPIRE LEARNING THROUGH AN UNPARALLELED ACADEMIC APPROACH, AND TRANSFORM COMMUNITIES BY CHANGING LIVES.
Program accomplishments
- PARAMOUNT'S EDUCATION FRAMEWORK AND HARDWORKING STAFF HAVE PROVEN TO BE A SUCCESSFUL COMBINATION. STATE TESTING CONSISTENTLY RANKS PARAMOUNT AMONG THE TOP CHARTER SCHOOLS IN INDIANA. RESULTS FOR THE 2019 INDIANA ILEARN ACADEMIC ASSESSMENT PLACED PARAMOUNT COTTAGE HOME AS THE TOP-PERFORMING SCHOOL WITHIN THE IPS' BOUNDARIES, AND PARAMOUNT BROOKSIDE AS THE FOURTH HIGHEST. ADDITIONALLY, PARAMOUNT COTTAGE HOME AND BROOKSIDE WERE DESIGNATED AN INDIANA "A" SCHOOL AND A 2018 U.S. BLUE RIBBON SCHOOL; COTTAGE HOME 2024 & BROOKSIDE 2018. THE EDUCATION EQUALITY INDEX RECOGNIZED PSOE FOR CLOSING THE ACHIEVEMENT GAP IRRESPECTIVELY OF A FAMILY'S INCOME. AND THE INDIANA DEPARTMENT OF EDUCATION INCLUDED PARAMOUNT AMONG THE 200 PROMISING PRACTICES FOR ACCESSIBILITY IN STEM EDUCATION.Expenses $32,312,338 · grants $12,300 · revenue $6,032,067
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 26-3890401
- 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
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $63,414,366
- Income (IRS master file)
- $41,124,690
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $41,113,444 | $40,379,293 | $63,414,366 | IRS |
| 990 | June 2024 | $30,915,211 | $29,985,605 | $46,990,984 | XML |
| 990 | June 2023 | $24,940,756 | $20,704,367 | $42,235,427 | XML |
| 990 | June 2022 | $23,881,442 | $17,588,627 | $32,624,860 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 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 26-3890401).
Questions about PARAMOUNT SCHOOL OF EXCELLENCE INCORPORATED
- What is the EIN of PARAMOUNT SCHOOL OF EXCELLENCE INCORPORATED?
- The employer identification number (EIN) of PARAMOUNT SCHOOL OF EXCELLENCE INCORPORATED is 26-3890401.
- Is PARAMOUNT SCHOOL OF EXCELLENCE INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to PARAMOUNT SCHOOL OF EXCELLENCE INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PARAMOUNT SCHOOL OF EXCELLENCE INCORPORATED 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 PARAMOUNT SCHOOL OF EXCELLENCE INCORPORATED 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 PARAMOUNT SCHOOL OF EXCELLENCE INCORPORATED 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 PARAMOUNT SCHOOL OF EXCELLENCE INCORPORATED?
- The 990 for the year ended June 30, 2025 names THOMAS REDDICKS.
- Who are the officers and directors of PARAMOUNT SCHOOL OF EXCELLENCE INCORPORATED?
- The 990 for the year ended June 30, 2025 lists 15 people; 8 received compensation from the organization, the highest $210,284 (THOMAS REDDICKS, EXECUTIVE DIRECTOR).
- How much revenue does PARAMOUNT SCHOOL OF EXCELLENCE INCORPORATED have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $41,113,444, expenses of $40,379,293 and total assets of $63,414,366 at year end.
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