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
89 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
5 people listed on the 990; $94K paid to officers and key staff (Part VII, Section 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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| 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.
See Innovation Charter School INC executive salaries →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.
Questions for Innovation Charter School INC
Your first name shows with your question. Innovation Charter School INC answers here, for everyone.
Instructional Services
Serving students in kindergarten through fifth grade.
Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-3301622) · Dispute this lineFood services
Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-3301622) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Federal money
The auditor reported no findings.
The auditor reported no findings.
The auditor reported no findings.
Plus 1 smaller program.
The auditor reported no findings.
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.8M | $2.2M |
| Land, buildings, equipmentLn 10c | $42K | $19K |
| Total assetsLn 16 | $2.0M | $2.4M |
| LiabilitiesLn 26 | $176K | $295K |
| Net assetsLn 32 | $1.8M | $2.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $93K | $84K | $9K | |
| Other salaries and wagesLn 7 | $2.2M | $1.9M | $224K | |
| Other employee benefitsLn 9 | $12K | $11K | $1K | |
| Payroll taxesLn 10 | $170K | $151K | $19K | |
| Other fees for servicesLn 11g | $99K | $79K | $19K | |
| OccupancyLn 16 | $455K | $455K | ||
| TravelLn 17 | $285 | $285 | ||
| Depreciation, depletion and amortizationLn 22 | $23K | $23K | ||
| InsuranceLn 23 | $241K | $228K | $12K | |
| Other expenses (24a–d)Ln 24 | $888K | $732K | $156K | |
| All other expensesLn 24e | $17K | $3K | $15K | |
| Total functional expensesLn 25 | $4.2M | $3.7M | $456K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Nov 10, 2025 | $5.5M | $5.9M | −$345K | $2.4M | 990 PDF |
| FY2024Filed with the IRS Dec 24, 2024 | $6.4M | $5.6M | $837K | $2.8M | 990 PDF |
| FY2023Filed with the IRS Nov 14, 2023 | $5.0M | $4.9M | $120K | $1.9M | 990 PDF |
| FY2022Filed with the IRS Nov 9, 2022 | $4.5M | $4.8M | −$254K | $1.8M | 990 PDF |
| FY2021 ViewingFiled with the IRS Jan 10, 2022 | $4.4M | $4.2M | $289K | $2.1M | 990 PDF |
Schedules filed Part IV
See the full FY2021 990
Part I · Summary $4,448,415 revenue, 12 lines filed
Part VI · Governance 3 of 4 board members independent, 2 to look at
Part VIII · Statement of revenue $4,448,415 across 7 lines filed
Part IX · Statement of functional expenses $4,159,521 across 11 lines filed
Part X · Balance sheet $2,367,477 assets, 15 lines filed
Part XI · Reconciliation of net assets $2,072,012 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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