Pride Academy INC FY2020 filing

Tax-deductible

Indianapolis, IN501(c)(3)EducationEIN 35-2336245

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See Part III, line 1

501(c)(3) charity; gifts are tax-deductible.
4¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $80K a year · 12% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
4%
of spending
Concern: 4% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$150K
91% of total assets
Concern: liabilities are 91% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$790K
Spent
$992K
To programs
4%
Net assets
$16K
By yearFY2020–FY2024
Revenue
$790K
FY2020
Revenue by fiscal year
FY2020$790K
FY2021$596K
FY2023$0
FY2024$0
Expenses
$992K
FY2020
Expenses by fiscal year
FY2020$992K
FY2021$553K
FY2023Not on file
FY2024Not on file
Net assets
$16K
FY2020
Net assets by fiscal year
FY2020$16K
FY2021$48K
FY2023$0
FY2024$0

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2011-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Nov 2016.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

4 cents of each dollar spent went to programs.

Program services 4% · $43K Management & general 96% · $949K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Pride Academy INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Pride Academy INC is an education nonprofit based in Indianapolis, IN.

Provided by the organization

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2 program services account for $43K of program spending, described in the organization's own filed words · FY2020.
01

CCDF and Program Services. Pride Academy ensures every child is equipped with the proper knowledge to begin their educational journey while providing every child with quality love, care and a healthy environment.

$40Kprogram expense
02

On my Way Pre-K. Starting at age 2, Pride's trained staff provides gross and fine motor development skill activities to promote physical growth. To grow their minds, children engage in daily fun, thought provoking activities that focus on themes of the week, letters, numbers, colors and shapes as well as arts and crafts.

$3Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$8K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$790K
Ln 12
Fees for servicesLn 2g$662K
Other incomeLn 4–11$123K
Gifts and grantsLn 1h$4K
Money outPt IX
$992K
Ln 25
Programscol B$43K
Managementcol C$949K
Owns and owesPt X
$16K
net assets · Ln 32
Cash and savingsLn 1–2$11K
Total assetsLn 16$166K
LiabilitiesLn 26$150K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4K
Government grantsLn 1e$2K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$2K
Fees for servicesLn 2g$662K
Investment incomeLn 3$857
Other incomeLn 4–11$123K
Total revenueLn 12$790K
Assets in detailPt X, end of year
CashLn 1$11K
Cash and savings togetherLn 1–2$11K
InvestmentsLn 11–13$121K
Land, buildings, equipmentLn 10c$16K
Total assetsLn 16$166K
LiabilitiesLn 26$150K
Net assetsLn 32$16K
OperationsPt I, VI
EmployeesI 519
VolunteersI 6384
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$305K$11K
InvestmentsLn 11–13$0$121K
Land, buildings, equipmentLn 10c$16K
Total assetsLn 16$326K$166K
LiabilitiesLn 26$2K$150K
Net assetsLn 32$324K$16K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$23K$23K
Other employee benefitsLn 9$1K$1K
Payroll taxesLn 10$659$659
Legal feesLn 11b$1K$1K
Other fees for servicesLn 11g$17K$17K
Office expensesLn 13$12K$12K
OccupancyLn 16$18K$18K
TravelLn 17$2K$2K
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$18K$18K$0$0
All other expensesLn 24e$890K$890K
Total functional expensesLn 25$992K$43K$949K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $0$0 990 PDF
FY2023 $0$0 990 PDF
FY2022 Not on file
FY2021 $596K$553K$42K$48K 990 PDF
FY2020 Viewing $790K$992K−$202K$16K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $790,048 across 13 lines filed
Lines not itemized here account for $644,089 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$2,480
VIII-1d Related organizations$0
VIII-1e Government grants$1,550
VIII-1f All other contributions, gifts and grants$250
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$4,280
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $100,905 · Unrelated business $0 · Excluded from tax $0$100,905
VIII-3 Investment incomeRelated to mission $857 · Unrelated business $0 · Excluded from tax $0$857
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $39,917 · Unrelated business $0 · Excluded from tax $0$39,917
VIII-12 Total revenueRelated to mission $224,568 · Unrelated business $561,200 · Excluded from tax $0$790,048
Part IX · Statement of functional expenses $992,287 across 14 lines filed
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $23,353$23,353
IX-9 Other employee benefitsManagement $1,168$1,168
IX-10 Payroll taxesPrograms $659$659
IX-11b Legal feesManagement $1,043$1,043
IX-11g Other fees for servicesManagement $17,301$17,301
IX-13 Office expensesManagement $11,932$11,932
IX-16 OccupancyManagement $17,857$17,857
IX-17 TravelManagement $1,897$1,897
IX-22 Depreciation, depletion and amortizationPrograms $1,197$1,197
IX-23 InsuranceManagement $8,398$8,398
IX-24 Other expenses (24a–d)Programs $17,719 · Management $0 · Fundraising $0$17,719
IX-24e All other expensesManagement $889,763$889,763
IX-25 Total functional expensesPrograms $42,928 · Management $949,359 · Fundraising $0$992,287
Part X · Balance sheet $165,975 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $304,962$11,270
X-4 Accounts receivableStart of year $20,845$18,211
X-10c Land, buildings and equipment, net$15,956
X-13 Program-related investmentsStart of year $0$120,538
X-16 Total assetsStart of year $325,807$165,975
X-17 Accounts payable and accrued expensesStart of year $1,885$407
X-24 Unsecured notes and loans payableStart of year $0$149,900
X-26 Total liabilitiesStart of year $1,885$150,307
X-32 Total net assets or fund balancesStart of year $323,922$15,668
X-33 Total liabilities and net assetsStart of year $325,807$165,975
Part XI · Reconciliation of net assets $15,668 net assets at year end
XI-1 Total revenue$790,048
XI-2 Total expenses$992,287
XI-3 Revenue less expenses−$202,239
XI-4 Net assets at start of year$323,922
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets−$106,015
XI-10 Net assets at end of year$15,668

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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