Nonprofit · EIN 35-2157301
OPTIONS CHARTER SCHOOL-CARMEL INC
Tax-exempt · NOBLESVILLE, IN 46060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $13,575,492 | $12,612,167 | $963,325 | $1,699,837 | $564,501 | $1,135,336 |
| June 30, 2023 | 990 | $10,652,942 | $10,372,553 | $280,389 | $905,640 | $790,301 | $115,339 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $13,557,492
- of which government grants
- $13,076,269
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $18,000
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $409,279
- Other salaries and wages
- $6,325,657
- Salaries, compensation and benefits (total)
- $9,510,584
- Professional fundraising fees
- $0
- Occupancy
- $854,652
- Travel
- $111,647
- Depreciation
- $129,349
- Program services (functional)
- $10,311,182
- Management and general (functional)
- $2,300,985
Balance sheet and other
- Total assets, start of year
- $905,640
- Total assets, end of year
- $1,699,837
- Total liabilities, end of year
- $564,501
- Net assets, end of year
- $1,135,336
- Land, buildings and equipment
- $569,315
- Net assets without donor restrictions
- $1,135,336
- Gross receipts
- $13,575,492
- Employees
- 152
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE GUSTIN | SCHOOL PRESI Officer | 40 | $195,399 |
| JAKE BRANDAU | SCHOOL VICE Officer | 40 | $121,342 |
| JACK COLWELL | CFO Officer | 40 | $92,538 |
| LAURA ARIVE | TREASURER Officer | – | $0 |
| TRAVIS CARMEAN | BOARD CHAIR Officer | – | $0 |
| PATRICIA ELLIS | BOARD VICE C Officer | – | $0 |
| LEANN FOWLER | MEMBER Officer | – | $0 |
| SARAH GUFFEY | SECRETARY Officer | – | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE GUSTIN | SCHOOL PRESI Officer | 40 | $185,276 |
| JAKE BRANDAU | CFO Officer | 40 | $121,262 |
| MATT ABBOTT | MEMBER Officer | – | $0 |
| LAURA ARIVE | SECRETARY/TR Officer | – | $0 |
| BOB BARKER | MEMBER Officer | – | $0 |
| TRAVIS CARMEAN | VICE CHAIR Officer | – | $0 |
| LEANN FOWLER | MEMBER Officer | – | $0 |
| SARAH GUFFEY | MEMBER Officer | – | $0 |
| JOHN KERR | BOARD CHAIR Officer | – | $0 |
| PATRICIA NGUYEN | MEMBER Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 9945 CUMBERLAND POINTE BLVD, NOBLESVILLE, IN 46060-4905
- In care of
- % BARBARA MASCHINO
- Principal officer (990 for 2023)
- JACK COLWELL, 18077 RIVER ROAD STE 106, NOBLESVILLE, IN 46062
- Signed the 990
- JACK COLWELL, CFO
- Phone
- (317) 773-8659
- Website
- WWW.OPTIONSINED.ORG
- Return prepared by
- CHARLES MADDEN PC
Mission
CHARTER SCHOOL IN STATE OF INDIANA.
Program accomplishments
- OPTIONS CHARTER SCHOOL PROVIDES AN ALTERNATIVE TO TRADITIONAL PUBLIC SCHOOLS FOR STATE OF INDIANA STUDENTS.Expenses $10,181,968
- CHARTER SCHOOL IN STATE OF INDIANA.Expenses $129,214
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 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 35-2157301
- 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 (B29)
- Assets (IRS master file)
- $1,699,837
- Income (IRS master file)
- $13,575,492
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | $13,575,492 | $12,612,167 | $1,699,837 | IRS |
| 990 | June 2023 | $10,652,942 | $10,372,553 | $905,640 | XML |
| 990 | June 2022 | $8,620,480 | $8,738,408 | $583,719 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 35-2157301).
Questions about OPTIONS CHARTER SCHOOL-CARMEL INC
- What is the EIN of OPTIONS CHARTER SCHOOL-CARMEL INC?
- The employer identification number (EIN) of OPTIONS CHARTER SCHOOL-CARMEL INC is 35-2157301.
- Is OPTIONS CHARTER SCHOOL-CARMEL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to OPTIONS CHARTER SCHOOL-CARMEL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OPTIONS CHARTER SCHOOL-CARMEL 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 OPTIONS CHARTER SCHOOL-CARMEL 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 OPTIONS CHARTER SCHOOL-CARMEL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of OPTIONS CHARTER SCHOOL-CARMEL INC?
- The 990 for the year ended June 30, 2024 names JACK COLWELL.
- Who are the officers and directors of OPTIONS CHARTER SCHOOL-CARMEL INC?
- The 990 for the year ended June 30, 2024 lists 8 people; 3 received compensation from the organization, the highest $195,399 (MIKE GUSTIN, SCHOOL PRESI).
- How much revenue does OPTIONS CHARTER SCHOOL-CARMEL INC have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $13,575,492, expenses of $12,612,167 and total assets of $1,699,837 at year end.
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