The Indy Learning Team INC EIN 47-5599561 Form 990 (PDF) Claim this org

The Indy Learning Team INC

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Empowers communities with literacy instruction and support to create opportunities for all. For fiscal year 2025 it reported $403K in revenue, $237K in expenses, and $330K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Indianapolis, IN
Website
www.theindylearningteam.org
Filings
3 on file (2023–2025)
Revenue
$403KFY2025
Expenses
$237K
Net assets
$330K
People
7
Filings
3
Updates
0
More identity details & actions ⌄
EIN  47-5599561 Public charity (501(c)(3)) Indianapolis, IN
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowers communities with literacy instruction and support to create opportunities for all.
Leadership
Susan Appel · Exec. Director/President · $24K
Money in and out
$403K revenue, $237K expenses
Bottom line
90% program efficiency
Where the money goes · FY2025
Total revenue
$403K
Pt VIII · Ln 12
Total expenses
$237K
Pt IX · Ln 25
Net assets
$330K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $166K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.07 Fundraising $0.03
Program efficiency
90%
of spending reaches programs▼ -6% vs prior filing year
Operating runway
14.7mo
months of highly liquid reserves at operating expense rate▲ +73% vs prior filing year
Surplus margin
+41%
revenue over expenses, this year▲ +157% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$403K
FY2025▲ +84%
Expenses
$237K
FY2025▲ +29%
Total assets
$330K
FY2025▲ +101%
Total liabilities
$0
FY2025▼ -100%
Total revenue
$403K
Pt VIII · Ln 12
Total expenses
$237K
Pt IX · Ln 25
Net assets
$330K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$166K
Total assetsPt X · Ln 16$330K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Indy Learning Team INC
EINHdr · item D47-5599561
Principal addressHdr · item CIndianapolis, IN
WebsiteHdr · item Jwww.theindylearningteam.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B92)
Ruling yearIRS BMFDec 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Exec. Director/President
$24,000Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2023
Susan Appel$24,000$1,000

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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Mission & Programs · Part III

Where the work happens

3 program services account for $153K of program spending, described in the organization's own filed words · FY2025.
01

Tutoring Programs

1:1 tutoring pairs students with a reading specialist, two times per week year round. In 2024, we provided more than 3,000 hours of 1:1 tutoring to more than 60 students. This free tutoring program is typically the only resource students have to reach full literacy.

$93Kprogram expense
02

Tilt Tech

The indy learning team uses adira reads' tilt tech, a literacy building program that uses ai to improve instructional impact, steady student growth, stronger foundational literacy skills, and actionable insights for teachers and administrators. In 2025, tilt tech with adira reads supported more than 2,500 students.

$42Kprogram expense
03

The free communi-tea book club is a partnership with tamika catchings and her foundation catch the stars. Free books are available year-round at tea's me community caf near tarkington park in indianapolis. In 2024, we gave away more than 3,500 new books. We have 1,400 people in our free communi-tea book club.

$17Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$246K · 61%
Program service revenue$153K · 38%
Investment income$5K · 1%
Contributions & grants61%$246K
Program service revenue38%$153K
Investment income1%$5K
Total revenueLn 12$403K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.07 Fundraising $0.03
Program services90%$213K
Management & general7%$16K
Fundraising3%$7K
Total functional expensesLn 25$237K

Balance Sheet

Part X · end of year
CashLn 1$290K
Total assetsLn 16$330K
Total liabilitiesLn 26$0
Total net assetsLn 32$330K
Months of cash on handcomputed14.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $290K · Operating expenses/yr $237K
14.7 months
Where the money goes
Program services
Program services $213K · Total expenses $237K
90%
Management & General
Management & general $16K · Total expenses $237K
7%
Fundraising
Fundraising $7K · Total expenses $237K
3%
Cost to raise $1
Fundraising expense (2-yr avg) $4K · Solicited contributions (2-yr avg) $178K
$0.02 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $246K · Total revenue $403K
61%
Government reliance
Government grants — · Total revenue $403K
Earned-income share
Program service revenue $153K · Total revenue $403K
38%
Investment reliance
Investment income $5K · Total revenue $403K
+1%
Program self-sufficiency
Program service revenue $153K · Total expenses $237K
64%
Growth & trend
Revenue growth (YoY)
This year $403K · Prior year $219K
+84%
Net-asset trend (YoY)
End of year $330K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $403K · Expenses $237K
+41%
Liabilities-to-Assets
Total liabilities — · Total assets $330K
Net-asset ratio
Net assets $330K · Total assets $330K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $330K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Susan Appel · Reported title EXEC. DIRECTOR/PRESIDENT · Highest reported compensation $24K · Total expenses $237K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $24K · Total expenses $237K
10%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 7%
Fundraising cost ratio 3%
Revenue growth 84%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$3K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$403K revenue · viewing · ⤓ 990 PDF
FY2024$219K revenue · ⤓ 990 PDF
FY2023$184K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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