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Indiana Math And Science Academy Indianapolis Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Elementary, Secondary Education, K - 12 (B290) (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$9.38M (2023)

Expenses
$7.6M (2023)

Total Assets
$8.4M (2023)

Total Liabilities
$2.24M (2023)

Source: Form 990 tax filings from 2010 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2024

No Extracted Financial Data

Form 990 documents are not available for this tax period, but audit documents are available for download.

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,380,764
Expenses
$7,597,726
Net Income
$1,783,038
Net Assets
$6,156,630
Notable Sources of Revenue Percent of Total Revenue
Contributions $9,140,752
97.4%
Program Services $166,108
1.8%
Investment Income $56,210
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $17,694
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $4,240,012
55.8%
Assets/Debt
Total Assets $8,398,266
Total Liabilities $2,241,636
Net Assets $6,156,630
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Jim Sparks (Board Chair) $0 $0 $0
Daniel Pierson (Vice Board Chair) $0 $0 $0
Toby Miller (Finance Chair) $0 $0 $0
Bernice Valentine Watts (Acd. Excellence Chair) $0 $0 $0
Firdas Abamislimova (Member) $0 $0 $0
Nikola Coleman (Member) $0 $0 $0
Charise Frazier (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,679,581
Expenses
$6,796,223
Net Income
$883,358
Net Assets
$4,373,592
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,586,760
98.8%
Program Services $73,696
1.0%
Investment Income $881
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $18,244
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $3,632,044
53.4%
Assets/Debt
Total Assets $6,429,129
Total Liabilities $2,055,537
Net Assets $4,373,592
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
David Coats (Board Chair) $0 $0 $0
Jim Sparks (Vice Board Chair) $0 $0 $0
Toby Miller (Finance Chair) $0 $0 $0
Bernice Valentine Watts (Acd. Excellence Chair) $0 $0 $0
Charise Frazier (Member) $0 $0 $0
Murat Gonulalan (Member) $0 $0 $0
Jerriann Mcfarland (Member) $0 $0 $0
Daniel Pierson (Member) $0 $0 $0
Nikola Coleman (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,486,471
Expenses
$5,931,034
Net Income
$1,555,437
Net Assets
$3,490,234
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,407,105
98.9%
Program Services $74,046
1.0%
Investment Income $405
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,915
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $3,242,185
54.7%
Assets/Debt
Total Assets $5,831,245
Total Liabilities $2,341,011
Net Assets $3,490,234
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
David Coats (Board Chair) $0 $0 $0
Murat Gonulalan (Member) $0 $0 $0
Daniel Pierson (Member) $0 $0 $0
Bernice Valentine Watts (Acd. Excellence Chair) $0 $0 $0
Toby Miller (Finance Chair) $0 $0 $0
Jim Sparks (Vice Board Chair) $0 $0 $0
Charise Frazier (Member) $0 $0 $0
Jerriann Mcfarland (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,162,346
Expenses
$5,466,959
Net Income
$695,387
Net Assets
$1,934,797
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,013,438
97.6%
Program Services $126,903
2.1%
Investment Income $756
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $21,249
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,891,306
52.9%
Assets/Debt
Total Assets $5,119,630
Total Liabilities $3,184,833
Net Assets $1,934,797
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
David Coats (Board Chair) $0 $0 $0
Murat Gonulalan (Member) $0 $0 $0
Daniel Pierson (Member) $0 $0 $0
Bernice Valentine Watts (Acd. Excellence Chair) $0 $0 $0
Toby Miller (Finance Chair) $0 $0 $0
Jim Sparks (Vice Board Chair) $0 $0 $0
Charise Frazier (Member) $0 $0 $0
Laura Danielson (Member) $0 $0 $0
Jerriann Mcfarland (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,670,362
Expenses
$5,467,188
Net Income
$203,174
Net Assets
$1,239,410
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,567,843
98.2%
Program Services $88,149
1.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $14,370
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,802,616
51.3%
Assets/Debt
Total Assets $4,125,844
Total Liabilities $2,886,434
Net Assets $1,239,410
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Charise Frazier (Member) $0 $0 $0
David Coats (Board Chair) $0 $0 $0
Ron Ernst Resigned 2018 (Governance Chair) $0 $0 $0
Murat Gonulalan (Acd. Excellence Member) $0 $0 $0
Michael Chisley Resigned 2018 (Acd. Excellence Chair) $0 $0 $0
Toby Miller (Finance Chair) $0 $0 $0
Daniel Pierson (Acd. Excellence Member) $0 $0 $0
Bernice Valentine Watts (Development Member) $0 $0 $0
Jim Sparks (Development Chair) $0 $0 $0
Laura Danielson (Member) $0 $0 $0
Jerriann Mcfarland (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,613,322
Expenses
$5,417,977
Net Income
$195,345
Net Assets
$1,036,236
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,534,344
98.6%
Program Services $72,472
1.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,506
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,690,370
49.7%
Assets/Debt
Total Assets $4,485,545
Total Liabilities $3,449,309
Net Assets $1,036,236
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Murat Dundar End 1117 (Director) $0 $0 $0
Bulent Guler (Director) $0 $0 $0
David Coats (Board Chair) $0 $0 $0
Ron Ernst (Governance Chair) $0 $0 $0
Murat Gonulalan (Director) $0 $0 $0
Michael Chisley (Academic Excellence Chair) $0 $0 $0
Toby Miller (Finance Chair) $0 $0 $0
Daniel Pierson (Director) $0 $0 $0
Bernice Valentine Watts (Director) $0 $0 $0
Jim Sparks (Development Chair) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,573,012
Expenses
$5,522,343
Net Income
$50,669
Net Assets
$840,891
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,487,080
98.5%
Program Services $55,366
1.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $30,566
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,675,435
48.4%
Assets/Debt
Total Assets $4,402,379
Total Liabilities $3,561,488
Net Assets $840,891
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Kent Millard End 0617 (Board President) $0 $0 $0
Murat Dundar (Director) $0 $0 $0
Bulent Guler (Director) $0 $0 $0
David Coats (Finance Chair) $0 $0 $0
M Emin Ozdemir End 0617 (Director) $0 $0 $0
Jeanette Moody End 1016 (Academic Excellence Chair) $0 $0 $0
Ron Ernst (Director) $0 $0 $0
Murat Atlamaz End 0716 (Director) $0 $0 $0
Murat Gonulalan (Director) $0 $0 $0
Lauren Box (Director) $0 $0 $0
Jim Schenck End 0117 (Director) $0 $0 $0
Bernice Valentine Watts (Director) $0 $0 $0
Daniel Pierson (Director) $0 $0 $0
Toby Miller (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,001,010
Expenses
$4,829,339
Net Income
$171,671
Net Assets
$790,222
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,895,111
97.9%
Program Services $87,345
1.7%
Investment Income $331
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $18,223
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,155,421
44.6%
Assets/Debt
Total Assets $4,576,547
Total Liabilities $3,786,325
Net Assets $790,222
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Kent Millard (Board President) $0 $0 $0
Murat Dundar (Director) $0 $0 $0
Bulent Guler (Director) $0 $0 $0
David Coats (Finance Chair) $0 $0 $0
M Emin Ozdemir (Director) $0 $0 $0
Jeanette Moody (Academic Excellence Chair) $0 $0 $0
Ron Ernst (Director) $0 $0 $0
Brenda Shaheed (Director) $0 $0 $0
Murat Atlamaz (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,683,536
Expenses
$4,740,563
Net Income
-$57,027
Net Assets
$618,551
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,589,743
98.0%
Program Services $69,771
1.5%
Investment Income $243
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $23,779
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,954,964
41.2%
Assets/Debt
Total Assets $1,065,798
Total Liabilities $447,247
Net Assets $618,551

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,142,157
Expenses
$5,360,676
Net Income
-$218,519
Net Assets
$675,578
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,030,724
97.8%
Program Services $97,048
1.9%
Investment Income $460
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $13,925
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,265,165
42.3%
Assets/Debt
Total Assets $1,057,878
Total Liabilities $382,300
Net Assets $675,578

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,286,608
Expenses
$4,676,895
Net Income
$609,713
Net Assets
$894,097
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,218,607
98.7%
Program Services $47,031
0.9%
Investment Income $590
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $20,380
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,914,080
40.9%
Assets/Debt
Total Assets $1,149,411
Total Liabilities $255,314
Net Assets $894,097

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,822,377
Expenses
$4,983,007
Net Income
-$160,630
Net Assets
$284,384
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,757,880
98.7%
Program Services $52,041
1.1%
Investment Income $1,060
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $11,396
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,042,389
41.0%
Assets/Debt
Total Assets $3,065,959
Total Liabilities $2,781,575
Net Assets $284,384

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,240,321
Expenses
$4,020,560
Net Income
$219,761
Net Assets
$550,012
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,152,846
97.9%
Program Services $47,975
1.1%
Investment Income $1,517
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $37,983
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,669,068
41.5%
Assets/Debt
Total Assets $2,796,324
Total Liabilities $2,246,312
Net Assets $550,012

Document Links

Fiscal Year Ending June
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,825,693
Expenses
$3,487,581
Net Income
$338,112
Net Assets
$330,251
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,758,850
98.3%
Program Services $59,219
1.5%
Investment Income $2,494
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,130
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,401,859
40.2%
Assets/Debt
Total Assets $2,768,732
Total Liabilities $2,438,481
Net Assets $330,251

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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