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Independent Academy Charter School

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 (B29) (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
$5.79M (2023)

Expenses
$5.56M (2023)

Total Assets
$18.7M (2023)

Total Liabilities
$17.3M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings 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.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,787,355
Expenses
$5,556,750
Net Income
$230,605
Net Assets
$1,420,381
Notable Sources of Revenue Percent of Total Revenue
Contributions $958,699
16.6%
Program Services $4,599,433
79.5%
Investment Income $100,238
1.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $128,985
2.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,276,515
41.0%
Assets/Debt
Total Assets $18,730,359
Total Liabilities $17,309,978
Net Assets $1,420,381
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Lisa Gonsalves (Executive Director) $104,779 $0 $22,423
Sherry Price (President) $0 $0 $0
Brad Thompson (Community Member) $0 $0 $0
Hadessa Burger (Secretary Treasurer) $0 $0 $0
Thomas Gibson (Parent Member) $0 $0 $0
Lisa Sutherland (Parent Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,625,399
Expenses
$4,600,641
Net Income
$24,758
Net Assets
$1,188,894
Notable Sources of Revenue Percent of Total Revenue
Contributions $482,382
10.4%
Program Services $4,208,832
91.0%
Investment Income $544
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$66,359
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,021,166
43.9%
Assets/Debt
Total Assets $18,394,384
Total Liabilities $17,205,490
Net Assets $1,188,894
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Jeremiah Fenske (Parent Member) $0 $0 $0
Sherry Price (President) $0 $0 $0
Brandy Savoni (Parent Member) $0 $0 $0
Brad Thompson (Community Member) $0 $0 $0
Hadessa Burger (Secretary Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,774,990
Expenses
$3,511,964
Net Income
$1,263,026
Net Assets
$1,164,136
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,116,477
23.4%
Program Services $3,650,590
76.5%
Investment Income $5,017
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,906
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,766,352
50.3%
Assets/Debt
Total Assets $20,208,223
Total Liabilities $19,044,087
Net Assets $1,164,136
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Hadessa Berger (Secretary) $0 $0 $0
Jeremiah Fenske (Vice President) $0 $0 $0
Sherry Price (President) $0 $0 $0
Brandy Savoni (Director) $0 $0 $0
Brad Thompson (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,786,200
Expenses
$3,004,312
Net Income
$781,888
Net Assets
-$98,890
Notable Sources of Revenue Percent of Total Revenue
Contributions $201,162
5.3%
Program Services $3,543,136
93.6%
Investment Income $27,458
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $14,444
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,493,200
49.7%
Assets/Debt
Total Assets $11,274,102
Total Liabilities $11,372,992
Net Assets -$98,890

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,313,162
Expenses
$3,009,796
Net Income
$303,366
Net Assets
-$880,778
Notable Sources of Revenue Percent of Total Revenue
Contributions $183,317
5.5%
Program Services $3,064,739
92.5%
Investment Income $1,051
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $64,055
1.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,347,216
44.8%
Assets/Debt
Total Assets $11,938,508
Total Liabilities $12,819,286
Net Assets -$880,778

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,414,852
Expenses
$4,250,313
Net Income
-$835,461
Net Assets
-$1,184,144
Notable Sources of Revenue Percent of Total Revenue
Contributions $374,587
11.0%
Program Services $3,035,410
88.9%
Investment Income $4,855
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,278,151
30.1%
Assets/Debt
Total Assets $13,173,315
Total Liabilities $14,357,459
Net Assets -$1,184,144

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,117,667
Expenses
$3,818,959
Net Income
-$701,292
Net Assets
-$189,108
Notable Sources of Revenue Percent of Total Revenue
Contributions $236,259
7.6%
Program Services $2,879,274
92.4%
Investment Income $2,134
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,157,444
30.3%
Assets/Debt
Total Assets $12,335,618
Total Liabilities $12,524,726
Net Assets -$189,108

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,815,762
Expenses
$2,651,914
Net Income
$163,848
Net Assets
$512,184
Notable Sources of Revenue Percent of Total Revenue
Contributions $349,424
12.4%
Program Services $2,465,308
87.6%
Investment Income $1,030
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,088,388
41.0%
Assets/Debt
Total Assets $9,529,660
Total Liabilities $9,017,476
Net Assets $512,184

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,366,561
Expenses
$2,345,516
Net Income
$21,045
Net Assets
$348,336
Notable Sources of Revenue Percent of Total Revenue
Contributions $104,334
4.4%
Program Services $2,249,566
95.1%
Investment Income $12,661
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $868,895
37.0%
Assets/Debt
Total Assets $9,390,600
Total Liabilities $9,042,264
Net Assets $348,336

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,095,492
Expenses
$1,589,029
Net Income
$506,463
Net Assets
$2,561,339
Notable Sources of Revenue Percent of Total Revenue
Contributions $43,976
2.1%
Program Services $1,947,082
92.9%
Investment Income $1,771
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $102,663
4.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $825,623
52.0%
Assets/Debt
Total Assets $2,682,357
Total Liabilities $121,018
Net Assets $2,561,339

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,843,362
Expenses
$1,396,587
Net Income
$446,775
Net Assets
$2,054,876
Notable Sources of Revenue Percent of Total Revenue
Contributions $37,921
2.1%
Program Services $1,713,994
93.0%
Investment Income $3,195
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $88,252
4.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $784,619
56.2%
Assets/Debt
Total Assets $2,176,545
Total Liabilities $121,669
Net Assets $2,054,876

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,601,858
Expenses
$1,247,340
Net Income
$354,518
Net Assets
$1,608,101
Notable Sources of Revenue Percent of Total Revenue
Contributions $39,499
2.5%
Program Services $1,483,133
92.6%
Investment Income $1,170
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $78,056
4.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $704,547
56.5%
Assets/Debt
Total Assets $1,713,570
Total Liabilities $105,469
Net Assets $1,608,101

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,521,881
Expenses
$1,127,997
Net Income
$393,884
Net Assets
$1,253,583
Notable Sources of Revenue Percent of Total Revenue
Contributions $44,583
2.9%
Program Services $1,402,647
92.2%
Investment Income $4,662
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $69,989
4.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $650,026
57.6%
Assets/Debt
Total Assets $1,341,738
Total Liabilities $88,155
Net Assets $1,253,583

Document Links

Fiscal Year Ending June
2010

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
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

Fiscal Year Ending June
2007

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
2006

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.

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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

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