2025-01-15T09:37:30-06:00 2024-06-30 351356555 DONOVAN PC 5151 E US HWY 36 AVON IN 46123 990 2023-07-01 810741071 CIRCLE CITY PREPARATORY INC CIRC 3176434209 4002 N FRANKLIN RD INDIANAPOLIS IN 46226 MEGAN MURPHY HEAD OF SCHOOL 3176434209 2025-01-15 1 0 REX E MILLER CPA CGMA P01081969 3177456411 2025-01-15 2023 2024-10-15 13:58:12Z MEGAN MURPHY 4002 N FRANKLIN RD INDIANAPOLIS IN 46226 6223004 0 X WWW.CIRCLECITYPREP.ORG X 2015 IN THROUGH EXCELLENCE IN ACADEMIC INSTRUCTION AND CHARACTER DEVELOPMENT, CIRCLE CITY PREP ENSURES ALL K-8 STUDENTS ARE AMBITIOUS, POWERFUL LEARNERS AND RESPONSIBLE, POSITIVE LEADERS ON A PATH TO COLLEGE AND A LIFE OF OPPORTUNITY. 8 8 58 4 0 0 5472228 6064201 0 0 22060 85297 7009 73506 5501297 6223004 0 0 0 0 2621108 3333227 0 0 0 2276492 2387525 4897600 5720752 603697 502252 6437858 7354222 4798349 5212461 1639509 2141761 THROUGH EXCELLENCE IN ACADEMIC INSTRUCTION AND CHARACTER DEVELOPMENT, CIRCLE CITY PREP ENSURES ALL K-8 STUDENTS ARE AMBITIOUS, POWERFUL LEARNERS AND RESPONSIBLE, POSITIVE LEADERS ON A PATH TO COLLEGE AND A LIFE OF OPPORTUNITY. 0 0 4054270 73506 DURING THE 2023 - 2024 SCHOOL YEAR, THE SCHOOL SERVED APPROXIMATELY 340 STUDENTS IN KINDERGARTEN THROUGH SEVENTH GRADE. THE SCHOOL PLANS TO GROW ONE GRADE LEVEL PER YEAR UNTIL IT SERVES KINDERGARTEN THROUGH EIGHTH GRADE. COMPLETION OF THE C3 (CIRCLE CITY CAFE), A NEW CAFETERIA FOR OUR SCHOLARS 4054270 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 58 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 1 0 1 1 0 IN X X COURTNEY ECKERLE 3176434209 4002 N FRANKLIN ROAD INDIANAPOLIS IN 46226 MEGAN MURPHY HEAD OF SCHOOL 40.00 X 138925 0 12446 COURTNEY ECKERLE DIRECTOR OF FINANCE AND FO 40.00 X 70111 0 20067 LESLIE TARBLE BOARD CHAIR 2.00 X X 0 0 0 NIGEL RIGGINS BOARD VICE CHAIR 2.00 X X 0 0 0 ROBERT GRIMM BOARD SECRETARY 2.00 X X 0 0 0 ALEXIS SOWDER BOARD TREASURER 2.00 X X 0 0 0 KEVIN LENNON BOARD MEMBER 2.00 X 0 0 0 DARROW NEVES BOARD MEMBER 2.00 X 0 0 0 DREW ROSENBARGER BOARD MEMBER 2.00 X 0 0 0 DARIUS SAYWERS BOARD MEMBER 2.00 X 0 0 0 209036 0 32513 1 0 1 0 CORVUS JANITORIAL OF INDIANAPOLIS 5619 W 74TH ST INDIANAPOLIS IN 46278 JANITORIAL SERVICES 170340 1 5275835 788366 6064201 85297 85297 OTHER INCOME 900099 73506 73506 73506 6223004 73506 0 85297 248226 144239 103987 2505412 1482335 1023077 49325 25224 24101 324099 165738 158361 206165 105429 100736 13908 13908 78255 78255 210871 175388 35483 44819 44819 384174 226744 157430 92305 87787 4518 417189 417189 47577 47515 62 236021 236021 417710 417710 30968 30968 FOOD SERVICE 244120 244120 STAFF DEVELOPMENT 74635 74635 CURRICULUM 56530 56530 BOARD OF EDUCATION 19469 19469 18974 18974 5720752 4054270 1666482 0 959464 433366 1659185 679384 191279 9000 34970 5320161 986319 3949377 4333842 840633 701580 6437858 7354222 166075 193349 4548379 4215392 83895 0 803720 4798349 5212461 X 1639509 2141761 1639509 2141761 6437858 7354222 502252 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 237700 237700 3012300 351435 2660865 1540634 458298 1082336 529527 176586 352941 4333842 RESTRICTED CASH 468434 OPERATING LEASE RIGHT-OF-USE ASSETS 233146 701580 REFUNDABLE ADVANCES 225603 OTHER CURRENT LIABILITIES 47471 OPERATING LEASE OBLIGATION 233146 DEBT SERVICE RESERVE FUND 297500 803720 X 6223004 0 6223004 0 6223004 5720752 0 5720752 0 5720752 PART X, LINE 2: THE SCHOOL RECEIVED A DETERMINATION FROM THE U.S. TREASURY DEPARTMENT STATING IT QUALIFIES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS A TAX-EXEMPT ORGANIZATION; HOWEVER, THE SCHOOL WOULD BE SUBJECT TO TAX ON INCOME UNRELATED TO ITS TAX-EXEMPT PURPOSE. FOR THE YEARS ENDED JUNE 30, 2024 AND 2023, NO ACCOUNTING FOR FEDERAL AND STATE INCOME TAXES WAS REQUIRED TO BE INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PROFESSIONAL ACCOUNTING STANDARDS REQUIRE THE SCHOOL TO RECOGNIZE A TAX LIABILITY ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WOULD NOT BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX LIABILITY GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX LIABILITY IS RECORDED. THE SCHOOL EXAMINED THIS ISSUE AND DETERMINED THERE ARE NO MATERIAL CONTINGENT TAX LIABILITIES OR QUESTIONABLE TAX POSITIONS. THE TAX YEARS ENDED AFTER JUNE 30, 2020 ARE OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMATORY POLICY, INCLUDED IN THE SCHOLAR/FAMILY HANDBOOK ON THE SCHOOL'S WEBSITE, CLEARLY STATES THAT THE SCHOOL "DOES NOT DISCRIMINATE IN ADMISSION TO, ACCESS TO, TREATMENT IN, OR EMPLOYMENT IN ITS SERVICES, PROGRAMS AND ACTIVITIES, ON THE BASIS OF RACE, COLOR, RELIGION, SEX OR NATIONAL ORIGIN, IN ACCORDANCE WITH TITLE VI AND TITLE VII OF THE CIVIL RIGHTS ACT OF 1964." SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVED FUNDING FROM THE STATE OF INDIANA AS A PUBLIC CHARTER SCHOOL UNDER INDIANA CODE 20-24. IT ALSO RECEIVES FUNDING UNDER FEDERAL PROGRAMS ADMINISTERED BY THE STATE OF INDIANA. X X 0 0 0 0 0 0 0 0 0 MEGAN MURPHY HEAD OF SCHOOL 138925 0 0 0 0 0 3838 0 8608 0 151371 0 0 0 A INDIANA FINANCE AUTHORITY 351602316 45506EBA0 2021-01-07 4442963 PURCHASE BUILDING AND FURNISHINGS 0 0 0 A 4442963 85256 4357707 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 DRAFT IS PROVIDED AT BOARD MEETING FOR DIRECTORS AND MEMBERS TO REVIEW. BOARD OF DIRECTORS REVIEWS DOCUMENT FOR ANY NECESSARY CHANGES. ONCE COMPLETE, BOARD VOTE IS MADE TO APPROVE THE FORM 990 FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C AN EMPLOYEE MUST PROMPTLY DISCLOSE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST, IN WRITING, TO THE HEAD OF SCHOOL. THE SCHOOL WILL ASSESS AND PREVENT POTENTIAL CONFLICTS OF INTEREST FROM ARISING. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS COMPILES NECESSARY DATA FOR A SOUND DECISION TO BE MADE AROUND COMPENSATION FOR THE EXECUTIVE DIRECTOR. ALL BOARD MEMBERS ARE INVOLVED IN THE DECISION MAKING PROCESS AND THE BOARD OF DIRECTORS MUST REVIEW, DISCUSS AND VOTE TO APPROVE COMPENSATION FOR THE EXECUTIVE DIRECTOR. THE BOARD OF DIRECTORS COMPILES NECESSARY DATA FOR A SOUND DECISION TO BE MADE AROUND COMPENSATION FOR THE KEY EMPLOYEES OF THE ORGANIZATION. ALL BOARD MEMBERS ARE INVOLVED IN THE DECISION MAKING PROCESS AND THE BOARD OF DIRECTORS MUST REVIEW, DISCUSS AND VOTE TO APPROVE COMPENSATION FOR THE KEY EMPLOYEES OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZAITON HAS A FINANCE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE OVERSIGHT PROCESS AND SELECTION PROCESS DID NOT CHANGE DURING THE TAX YEAR.