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        <FormAndLineReferenceDesc>PART X, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION 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 ORGANIZATION WOULD NOT 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 ORGANIZATION TO RECOGNIZE A TAX LIABILITY ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WOULD 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 ORGANIZATION 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.</ExplanationTxt>
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        <ExplanationTxt>THE BOARD OF DIRECTORS OF ENROLL INDY INCLUDES THREE IPS SUPERINTENDENT APPOINTEES. THE SUPERINTENDENT HOLDS ONE SEAT AND TWO OF HIS/HER DIRECT REPORTS HOLD TWO SEATS. THE MAYOR OF THE CITY OF INDIANAPOLIS APPOINTS HIS/HER DIRECTOR OF THE OFFICE OF EDUCATION INNOVATION AND THE OTHER IS A CHARTER SCHOOL REPRESENTATIVE FROM ONE OF HIS/HER AUTHORIZED CHARTER SCHOOLS. THE INDIANA CHARTER SCHOOL BOARD EXECUTIVE DIRECTOR SERVES ON THE BOARD, UNLESS HE/SHE APPOINTS ANOTHER REPRESENTATIVE FROM THE INDIANA CHARTER SCHOOL BOARD TO SERVE INSTEAD. ONE MEMBER AT LARGE IS ALSO APPOINTED BY THE BOARD OF DIRECTORS.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD FOR REVIEW AND APPROVAL PRIOR TO FILING.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD COMPLETES A CONFLICT OF INTEREST DISCLOSURE ANNUALLY.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15</FormAndLineReferenceDesc>
        <ExplanationTxt>A COMPENSATION STUDY WAS PERFORMED BY AN OUTSIDE FIRM IN EARLY 2016 WHILE ENROLL INDY WAS INCUBATING WITHIN ITS FISCAL SPONSOR. UPON BECOMING A SEPARATE ORGANIZATION, THE BOARD ELECTED TO CONTINUE THE COMPENSATION LEVEL FOR THE EXECUTIVE AND ENTIRE STAFF GOING FORWARD. COMPENSATION ADJUSTMENTS ARE BASED ON NUMEROUS FACTORS, INCLUDING PERFORMANCE EVALUATIONS AND FINANCIAL RESOURCES AVAILABLE TO ENROLL INDY AT THE TIME OF THE ADJUSTMENT.</ExplanationTxt>
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        <ExplanationTxt>THE FORM 990 WILL BE AVAILABLE ON GUIDESTAR. ALL GOVERNING DOCUMENTS WILL BE PROVIDED UPON A WRITTEN REQUEST TO ENROLL INDY.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990, PART XII, LINE 2C:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION'S BOARD OF DIRECTORS ASSUMES THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE SELECTION AND REVIEW PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR.</ExplanationTxt>
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