Innovation Charter School INC

Tax-deductible

Pompano Beach, FL501(c)(3)EducationEIN 46-3301622Revenue $5.5M in FY2025

On file with the IRSinnovationcharter.net600 Sw 3rd St Ste 1400, 33060-6936 · Pompano Beach, FLTax-exempt since Apr 2015School — 170(b)(1)(A)(ii)

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Innovation Charter School empowers young ones for success as world changers through highly talented teachers using innovative and leading methods in a very loving environment.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$247K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $129K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$247K
to officers and key staff · 4% of spending
Top officer’s pay higher than 53% of similar orgs
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $61
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$781K
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.5M
-14% vs prior year
Spent
$5.9M
To programs
82%
Net assets
$2.4M
By yearFY2021–FY2025
Revenue
$5.5M
FY2025▼ -14%
Tap a bar for its year
Revenue by fiscal year
FY2021$4.4M
FY2022$4.5M
FY2023$5.0M
FY2024$6.4M
FY2025$5.5M
Expenses
$5.9M
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2021$4.2M
FY2022$4.8M
FY2023$4.9M
FY2024$5.6M
FY2025$5.9M
Net assets
$2.4M
FY2025▼ -12%
Tap a bar for its year
Net assets by fiscal year
FY2021$2.1M
FY2022$1.8M
FY2023$1.9M
FY2024$2.8M
FY2025$2.4M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2015.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $4.8M Management & general 18% · $1.1M

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

5 people listed on the 990; $247K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$130,205Pt VII · Sec A
Vice Principal
$116,563Pt VII · Sec A
Chair/Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Susan Alexander’s $130K as Principal is at the 53rd percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Susan Alexander$130,205$96,375$95,610$94,300$93,950
Carleen Anderson$116,563————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Educates children for success using innovative teaching in a supportive environment.

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Provided by the organization

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2 programs · $4.8M · in their own filed words · FY2024
01

Instructional Services

Serving students in kindergarten through fifth grade.

$4.4Mprogram expense
02

Food services.

$404Kprogram expense

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 · FY2023
Total grants receivedfrom 1 funder$61

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$5.5M
Ln 12
Gifts and grantsLn 1h$4.1M
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$69K
Money outPt IX
$5.9M
Ln 25
Programscol B$4.8M
Managementcol C$1.1M
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$3.2M
LiabilitiesLn 26$781K
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.1M
Government grantsLn 1e$4.0M
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$69K
Other incomeLn 4–11$33K
Total revenueLn 12$5.5M
Assets in detailPt X, end of year
CashLn 1$277K
SavingsLn 2$1.9M
Cash and savings togetherLn 1–2$2.2M
Land, buildings, equipmentLn 10c$565K
Other assetsLn 15$22K
Total assetsLn 16$3.2M
LiabilitiesLn 26$781K
Net assetsLn 32$2.4M
OperationsPt I, VI
EmployeesI 590
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.9M$2.2M
Land, buildings, equipmentLn 10c$920K$565K
Total assetsLn 16$4.0M$3.2M
LiabilitiesLn 26$1.2M$781K
Net assetsLn 32$2.8M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$235K$211K$23K
Other salaries and wagesLn 7$2.7M$2.1M$572K
Pension plan contributionsLn 8$27K$27K
Other employee benefitsLn 9$7K$5K$2K
Payroll taxesLn 10$219K$174K$45K
Other fees for servicesLn 11g$303K$269K$34K
OccupancyLn 16$14K$14K
TravelLn 17$3K$752$2K
InterestLn 20$28K$28K
Depreciation, depletion and amortizationLn 22$477K$477K
InsuranceLn 23$391K$336K$55K
Other expenses (24a–d)Ln 24$1.5M$1.1M$318K
All other expensesLn 24e$44K$29K$15K
Total functional expensesLn 25$5.9M$4.8M$1.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $5.5M$5.9M−$345K$2.4M 990 PDF
FY2024 $6.4M$5.6M$837K$2.8M 990 PDF
FY2023 $5.0M$4.9M$120K$1.9M 990 PDF
FY2022 $4.5M$4.8M−$254K$1.8M 990 PDF
FY2021 $4.4M$4.2M$289K$2.1M 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 FY2025 990 (6 parts)
Part I · Summary $5,515,662 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,940,089$4,057,802
I-9 Program service revenuePrior year $1,379,130$1,355,461
I-10 Investment incomePrior year $70,117$69,484
I-11 Other revenuePrior year $44,525$32,915
I-12 Total revenuePrior year $6,433,861$5,515,662
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,247,070$3,148,725
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,349,969$2,711,863
I-18 Total expensesPrior year $5,597,039$5,860,588
I-19 Revenue less expensesPrior year $836,822−$344,926
Part VI · Governance 4 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,515,662 across 6 lines filed
Lines not itemized here account for $32,915 of total revenue; see the IRS return.
VIII-1e Government grants$4,049,606
VIII-1f All other contributions, gifts and grants$8,196
VIII-1h Total contributions, gifts and grants$4,057,802
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,355,461$1,355,461
VIII-3 Investment incomeExcluded from tax $69,484$69,484
VIII-12 Total revenueRelated to mission $1,388,376 · Unrelated business $0 · Excluded from tax $69,484$5,515,662
Part IX · Statement of functional expenses $5,860,588 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $211,286 · Management $23,476$234,762
IX-7 Other salaries and wagesPrograms $2,088,742 · Management $571,969$2,660,711
IX-8 Pension plan contributionsPrograms $26,840$26,840
IX-9 Other employee benefitsPrograms $4,850 · Management $2,450$7,300
IX-10 Payroll taxesPrograms $173,980 · Management $45,132$219,112
IX-11g Other fees for servicesPrograms $269,162 · Management $33,952$303,114
IX-16 OccupancyPrograms $14,100$14,100
IX-17 TravelPrograms $752 · Management $1,780$2,532
IX-20 InterestPrograms $27,521$27,521
IX-22 Depreciation, depletion and amortizationPrograms $476,932$476,932
IX-23 InsurancePrograms $335,787 · Management $55,467$391,254
IX-24 Other expenses (24a–d)Programs $1,133,802 · Management $318,381$1,452,183
IX-24e All other expensesPrograms $29,195 · Management $15,032$44,227
IX-25 Total functional expensesPrograms $4,792,949 · Management $1,067,639 · Fundraising $0$5,860,588
Part X · Balance sheet $3,210,851 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $412,403$277,064
X-2 Savings and temporary cash investmentsStart of year $1,439,520$1,911,004
X-4 Accounts receivableStart of year $1,174,341$406,598
X-9 Prepaid expenses and deferred chargesStart of year $30,595$29,009
X-10c Land, buildings and equipment, netStart of year $920,310$565,024
X-15 Other assetsStart of year $22,000$22,152
X-16 Total assetsStart of year $3,999,169$3,210,851
X-17 Accounts payable and accrued expensesStart of year $306,686$313,373
X-25 Other liabilitiesStart of year $917,841$467,762
X-26 Total liabilitiesStart of year $1,224,527$781,135
X-32 Total net assets or fund balancesStart of year $2,774,642$2,429,716
X-33 Total liabilities and net assetsStart of year $3,999,169$3,210,851
Part XI · Reconciliation of net assets $2,429,716 net assets at year end
XI-1 Total revenue$5,515,662
XI-2 Total expenses$5,860,588
XI-3 Revenue less expenses−$344,926
XI-4 Net assets at start of year$2,774,642
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,429,716

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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