Nonprofit · EIN 35-2148108
HUTSON SCHOOL INC
Also known as FORTUNE ACADEMY
Tax-exempt · INDIANAPOLIS, IN 46216
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,778,501 | $2,695,928 | $82,573 | $4,225,079 | $914,257 | $3,310,822 |
| June 30, 2024 | 990 | $3,472,078 | $2,622,604 | $849,474 | $3,894,943 | $695,341 | $3,199,602 |
| June 30, 2023 | 990 | $2,250,188 | $2,337,879 | -$87,691 | $2,995,204 | $726,746 | $2,268,458 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $251,641
- Program service revenue
- $2,142,657
- Investment income
- $122,771
- Net gain from sales of assets
- $44,988
- Net income from fundraising events
- $142,742
- Other revenue
- $261,432
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,702,366
- Salaries, compensation and benefits (total)
- $1,880,441
- Professional fundraising fees
- $0
- Accounting fees
- $132,609
- Occupancy
- $207,423
- Depreciation
- $101,840
- Program services (functional)
- $1,613,682
- Management and general (functional)
- $1,027,834
- Fundraising (functional)
- $54,412
Balance sheet and other
- Total assets, start of year
- $3,894,943
- Total assets, end of year
- $4,225,079
- Total liabilities, end of year
- $914,257
- Net assets, end of year
- $3,310,822
- Land, buildings and equipment
- $1,553,076
- Publicly traded securities
- $1,239,004
- Net assets without donor restrictions
- $1,938,896
- Net assets with donor restrictions
- $1,371,926
- Gross receipts
- $2,835,819
- Employees
- 59
- Volunteers
- 15
- Year formed
- 2000
- 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 |
|---|---|---|---|
| ALAN BOUWKAMP | BOARD MEMBER Trustee or director | – | $0 |
| JEFFREY DODGE | BOARD MEMBER Trustee or director | – | $0 |
| BRAD HOOP | BOARD MEMBER Trustee or director | – | $0 |
| JENNIFER HORN | BOARD MEMBER Trustee or director | – | $0 |
| CHARLES MEADOWS | PRESIDENT Trustee or director, Officer | – | $0 |
| JULIA RICHTER | BOARD MEMBER Trustee or director | – | $0 |
| CHERYL SULLIVAN | BOARD MEMBER Trustee or director | – | $0 |
| HAYLEY AHEARN | HEAD OF SCHO Officer | – | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VANESSA COLES | HEAD OF SCHO Officer | 40 | $87,211 |
| ALAN BOUWKAMP | BOARD MEMBER Trustee or director | – | $0 |
| JEFFREY DODGE | BOARD MEMBER Trustee or director | – | $0 |
| BRAD HOOP | BOARD MEMBER Trustee or director | – | $0 |
| JENNIFER HORN | BOARD MEMBER Trustee or director | – | $0 |
| CHARLES MEADOWS | PRESIDENT Trustee or director, Officer | – | $0 |
| JULIA RICHTER | BOARD MEMBER Trustee or director | – | $0 |
| CHERYL SULLIVAN | BOARD MEMBER Trustee or director | – | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VANESSA COLES | HEAD OF SCHO Officer | 40 | $85,074 |
| JONATHAN ELLIOT | BUSINESS DIR Officer | 40 | $74,056 |
| ALAN BOUWKAMP | BOARD MEMBER Trustee or director | – | $0 |
| JEFFREY DODGE | BOARD MEMBER Trustee or director | – | $0 |
| BRAD HOOP | BOARD MEMBER Trustee or director | – | $0 |
| JENNIFER HORN | BOARD MEMBER Trustee or director | – | $0 |
| CHARLES MEADOWS | PRESIDENT Trustee or director, Officer | – | $0 |
| JULIA RICHTER | BOARD MEMBER Trustee or director | – | $0 |
| CHERYL SULLIVAN | BOARD MEMBER Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 5626 LAWTON LOOP EAST DR, INDIANAPOLIS, IN 46216-1013
- In care of
- % HUTSON SCHOOL
- Principal officer (990 for 2024)
- HAYLEY AHEARN, 5626 LAWTON LOOP EAST DR, INDIANAPOLIS, IN 46216
- Signed the 990
- CHARLES MEADOWS, PRESIDENT
- Phone
- (317) 377-0544
- Website
- WWW.THEFORTUNEACADEMY.ORG
- Return prepared by
- LONG & ASSOCIATES PC
Mission
THE MISSION IS TO PROVIDE AN ENVIROMENT THAT NURTURES EACH CHILD'S DEVELOPMENT, BUILDS UPON HIS/HERS INDIVIDUAL STRENGTHS AND OFFERS REMEDIATION IN AREAS OF WEAKNESS.
Program accomplishments
- INDEPENDENT DAY SCHOOL FOR CHILDREN WITH LEARNING DISABILITIES.Expenses $1,613,682 · revenue $2,142,657
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
- 35-2148108
- 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
- 2002
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $4,225,079
- Income (IRS master file)
- $2,835,819
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,778,501 | $2,695,928 | $4,225,079 | IRS |
| 990 | June 2024 | $3,472,078 | $2,622,604 | $3,894,943 | XML |
| 990 | June 2023 | $2,250,188 | $2,337,879 | $2,995,204 | XML |
| 990 | June 2022 | $2,636,305 | $2,078,134 | $3,190,296 | IRS |
| 990 | June 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 35-2148108).
Questions about HUTSON SCHOOL INC
- What is the EIN of HUTSON SCHOOL INC?
- The employer identification number (EIN) of HUTSON SCHOOL INC is 35-2148108.
- Is HUTSON SCHOOL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to HUTSON SCHOOL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HUTSON SCHOOL 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 HUTSON SCHOOL INC 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 HUTSON SCHOOL INC 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 HUTSON SCHOOL INC?
- The 990 for the year ended June 30, 2025 names HAYLEY AHEARN.
- Who are the officers and directors of HUTSON SCHOOL INC?
- The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does HUTSON SCHOOL INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,778,501, expenses of $2,695,928 and total assets of $4,225,079 at year end.
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