2025-05-02T13:21:29-05:00 2024-06-30 351356555 DONOVAN PC 5151 E US HWY 36 AVON IN 46123 990 2023-07-01 352125768 DREXEL FOUNDATION FOR EDUCATIONAL EXCELLENCE INC DREX 2199443100 3401 W 5TH AVENUE GARY IN 46404 EVE GOMEZ PRESIDENT 2199443100 2025-05-02 1 0 ABIGAIL HEDGES CPA P02058156 3177456411 2025-05-02 2023 2025-03-06 01:10:19Z THEA BOWMAN LEADERSHIP ACADEMY EVE GOMEZ 3401 W 5TH AVENUE GARY IN 46404 16298057 0 X THEABOWMAN.ORG X 2003 IN CHARTER SCHOOL FOR THE PROMOTION OF ACADEMIC EXCELLENCE. 5 5 112 5 0 0 15751418 16019885 85532 97682 14724 133841 47332 46649 15899006 16298057 0 0 0 0 5666879 7190484 0 0 0 7279793 7891108 12946672 15081592 2952334 1216465 22513458 23591654 17119879 16981610 5393579 6610044 CHARTER SCHOOL FOR THE PROMOTION OF ACADEMIC EXCELLENCE. 0 0 11532278 144331 THE SCHOOL PROVIDED INSTRUCTION AND COUNSELING IN ACADEMIC AND PHYSICAL EDUCATION CURRICULUMS TO APPROXIMATELY 850 STUDENTS DURING THE 2023-2024 SCHOOL YEAR. 11532278 1 0 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 43 0 112 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 IN X X DREXEL FOUNDATION FOR EDUCATIONAL EXCELLENCE INC 2199443100 3401 W 5TH AVENUE GARY IN 46404 EVE GOMEZ PRESIDENT 2.00 X X 0 0 0 JASON BERES VICE PRESIDENT 2.00 X X 0 0 0 MICHELLE DICKERSON TREASURER 2.00 X X 0 0 0 HELEN HILL SECRETARY 2.00 X X 0 0 0 CEDRIC STEELE TRUSTEE 2.00 X 0 0 0 MARISA SIMMONS PRINCIPAL 40.00 X 152257 0 25132 152257 0 25132 1 0 1 0 TATUM SECURITY LLC 479 E 60TH PLACE MERRILLVILLE IN 46410 SECURITY 353338 1 6671 16012342 872 16019885 STUDENT FEES 611600 97682 97682 97682 133841 133841 0 6671 0 0 MISCELLANEOUS 611600 46649 46649 46649 16298057 144331 0 133841 183200 159576 23624 4871144 4242992 628152 254754 221903 32851 1438099 1252651 185448 443287 386124 57163 2187169 2187169 84440 84440 43816 43816 358958 285746 73212 14932 14932 572008 572008 323629 323629 1019298 1019298 1000412 1000412 698285 698285 185372 185372 FOOD SERVICES EXPENSES 872551 872551 TRANSPORTATION 257941 248899 9042 STAFF DEVELOPMENT 205698 186943 18755 DUES & SUBSCRIPTIONS 61261 61261 5338 5338 15081592 11532278 3549314 0 4958796 827768 173675 5991425 4103064 1344238 105793 47361 26739734 12787563 11662479 13952171 1509651 1428691 22513458 23591654 1064181 1354015 15744195 15571076 311503 56519 17119879 16981610 X 5393579 6610044 5393579 6610044 22513458 23591654 1216465 0 X X 0 1 X 1 1 1 X 859886 859886 17554788 7318440 10236348 2076180 2076180 5937527 5157770 779757 311353 311353 0 13952171 CASH-RESTRICTED FOR DEBT SERVICE 1347558 RIGHT OF USE ASSETS 56520 SECURITY DEPOSITS 24613 1428691 OPERATING LEASE LIABILITY 56519 56519 X 16298057 0 16298057 0 16298057 15081592 0 15081592 0 15081592 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. 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 ORGANIZATION HAS PUBLICIZED ITS NONDISCRIMINATORY POLICY THROUGH NEWSPAPERS AND BROADCAST MEDIA DURING THE PERIOD OF SOLICITATION FOR STUDENTS AND DURING THE REGISTRATION PERIOD. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVED FINANCIAL ASSISTANCE FROM STATE AND FEDERAL GRANTS. X X 0 0 0 0 0 0 0 0 0 MARISA SIMMONS PRINCIPAL 152257 0 0 0 0 0 9135 0 15997 0 177389 0 0 0 A INDIANA FINANCE AUTHORITY 363656836 455057WR6 2020-06-30 19355000 0 0 0 A 3058726 19355000 1391857 857349 16992576 2362424 2011 0 0 1 1 A 0 0 0 0 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT OF DAILY OPERATIONS OF THE SCHOOL WERE DELEGATED TO PHALEN LEADERSHIP ACADEMY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS MADE AVAILABLE TO THE ORGANIZATION'S PRESIDENT FOR APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST MUST BE DISCLOSED TO THE BOARD. THE BOARD WILL EVALUATE THE IMPACT OF THE PERSONS FINANCIAL INTEREST, ASSESS WHETHER A CONFLICT OF INTEREST ARISES FROM THE FINANCIAL INTEREST, AND DETERMINE WHAT ACTION, IF ANY, IS APPROPRIATE WITH REGARD TO THE FINANCIAL INTEREST AND ANY CONFLICT OF INTEREST. THE BOARD WILL CONDUCT WHATEVER ADDITIONAL INVESTIGATION IS CONSIDERED APPROPRIATE UNDER THE CIRCUMSTANCES. FORM 990, PART VI, SECTION C, LINE 18 UPON REQUEST AND ON GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S BOARD 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.