Inside Track INC

Indianapolis, INUnknown exempt organizationSince 2019 EIN 84-3640492Revenue $17.1M in FY2021

On file with the IRSinsidetrack.org10 West Market Street Suite 1100 · Indianapolis, IN

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Inside Track, INC. Will (1) provide multifaceted coaching to prospective and current students to improve college enrollment, retention, and graduation; (2) instruct and train college and university administrators on how to coach students for academic and career success; and (3) conduct research and publish reports on the impact of student success coaching on enrollment, persistence, and career-readiness.

63¢ of each $1 spent went to programs.
$2.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $652K a year · 4% 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
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.0M
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Named funders
2
named funders · $253K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$17.1M
-13% vs prior year
Spent
$16.1M
To programs
63%
Net assets
$0
By yearFY2020–FY2021
Revenue
$17.1M
FY2021▼ -13%
Tap a bar for its year
Revenue by fiscal year
FY2020$19.6M
FY2021$17.1M
Expenses
$16.1M
FY2021▼ -26%
Tap a bar for its year
Expenses by fiscal year
FY2020$21.9M
FY2021$16.1M
Net assets
$0
FY2021▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$16.4M
FY2021$0

From the FY2021 Form 990 (year ending October 2021) · 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: FY2021.

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

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $10.1M Management & general 25% · $4.0M Fundraising 13% · $2.0M

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

15 people listed on the 990; $2.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
Former Officer
$429,772Pt VII · Sec A
President
$277,295Pt VII · Sec A
Vice President
$226,087Pt VII · Sec A
VP Human Resources
$217,335Pt VII · Sec A
SVP Partner Success
$183,576Pt VII · Sec A
Avp Partner Success
$171,090Pt VII · Sec A
VP Solutions
$167,981Pt VII · Sec A
SVP Strat. Eng. & Growth
$160,397Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2021FY2020
Peter Wheelan$429,772$502,537
Brian Co—$314,463
Kai Drekmeier$226,087$295,668
Ruth White$277,295$291,132
David Jarrat$160,397$278,835
Stephen Ast$183,576$274,529
Joseph Donato$217,335$267,324
Michael Prosper—$226,214

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Coaches students and administrators for college success, and researches coaching's impact.

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Provided by the organization

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2 programs · $10.1M · in their own filed words · FY2021
01

Inside track, inc. Implements coaching (I.E., training an individual for the purpose of improving or developing her capabilities) programs that improve educational outcomes for many kinds of students, including adult, distance, military, and underrepresented students.

$8.8Mprogram expense
02

Inside track, inc. Provides instruction to educational institutions on how to coach students, including how to develop coaching models tailored to key student populations such as military, distance, and underrepresented students.

$1.3Mprogram 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 · FY2024
Ok FoundationFY2024$250K
Total grants receivedfrom 2 funders$253K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$17.1M
Ln 12
Fees for servicesLn 2g$16.3M
Gifts and grantsLn 1h$818K
Money outPt IX
$16.1M
Ln 25
Programscol B$10.1M
Managementcol C$4.0M
Fundraisingcol D$2.0M
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
15
listed · VII A
PaidVII A9
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$818K
Fees for servicesLn 2g$16.3M
Total revenueLn 12$17.1M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 5185
VolunteersI 60
Fiscal year endsHeaderOctober
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$3.9M$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$658K$0
Total assetsLn 16$23.2M$0
LiabilitiesLn 26$6.8M$0
Net assetsLn 32$16.4M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$483$483
Pay of current officers, directors and key staffLn 5$796K$18K$620K$159K
Other salaries and wagesLn 7$9.3M$5.7M$2.3M$1.2M
Other employee benefitsLn 9$1.4M$851K$347K$179K
Payroll taxesLn 10$833K$515K$210K$108K
Other fees for servicesLn 11g$1.1M$900K$103K$126K
Advertising and promotionLn 12$144K$29K$113K$2K
Office expensesLn 13$8K$2K$6K$87
Information technologyLn 14$503K$378K$87K$38K
OccupancyLn 16−$328K−$276K−$46K−$6K
TravelLn 17$20K$5K$12K$3K
Conferences, conventions and meetingsLn 19$69K$25K$40K$4K
InterestLn 20$3K$3K$423$56
Depreciation, depletion and amortizationLn 22$2.5M$2.1M$139K$202K
Other expenses (24a–d)Ln 24−$198K−$191K−$3K−$4K
Total functional expensesLn 25$16.1M$10.1M$4.0M$2.0M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $17.1M$16.1M$977K$0 990 PDF
FY2020 $19.6M$21.9M−$2.3M$16.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $17,105,188 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,120,000$817,500
I-9 Program service revenuePrior year $18,465,430$16,287,688
I-10 Investment incomePrior year $29,026$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $19,614,456$17,105,188
I-13 Grants and similar amounts paidPrior year $7,764$483
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $14,274,831$12,287,510
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $7,612,255$3,839,827
I-18 Total expensesPrior year $21,894,850$16,127,820
I-19 Revenue less expensesPrior year −$2,280,394$977,368
Part VI · Governance 0 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $17,105,188 across 5 lines filed
VIII-1d Related organizations$420,000
VIII-1f All other contributions, gifts and grants$397,500
VIII-1h Total contributions, gifts and grants$817,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $16,287,688$16,287,688
VIII-12 Total revenueRelated to mission $16,287,688 · Unrelated business $0 · Excluded from tax $0$17,105,188
Part IX · Statement of functional expenses $16,127,820 across 15 lines filed
IX-2 Grants to domestic individualsPrograms $483$483
IX-5 Pay of current officers, directors and key staffPrograms $17,768 · Management $619,510 · Fundraising $158,976$796,254
IX-7 Other salaries and wagesPrograms $5,735,964 · Management $2,338,619 · Fundraising $1,206,872$9,281,455
IX-9 Other employee benefitsPrograms $850,722 · Management $346,847 · Fundraising $178,996$1,376,565
IX-10 Payroll taxesPrograms $514,942 · Management $209,948 · Fundraising $108,346$833,236
IX-11g Other fees for servicesPrograms $899,565 · Management $103,071 · Fundraising $126,175$1,128,811
IX-12 Advertising and promotionPrograms $28,879 · Management $112,544 · Fundraising $2,120$143,543
IX-13 Office expensesPrograms $2,170 · Management $6,106 · Fundraising $87$8,363
IX-14 Information technologyPrograms $377,512 · Management $87,404 · Fundraising $38,173$503,089
IX-16 OccupancyPrograms −$276,097 · Management −$45,762 · Fundraising −$6,102−$327,961
IX-17 TravelPrograms $4,987 · Management $12,126 · Fundraising $2,858$19,971
IX-19 Conferences, conventions and meetingsPrograms $24,692 · Management $40,370 · Fundraising $3,654$68,716
IX-20 InterestPrograms $2,552 · Management $423 · Fundraising $56$3,031
IX-22 Depreciation, depletion and amortizationPrograms $2,148,764 · Management $139,421 · Fundraising $202,392$2,490,577
IX-24 Other expenses (24a–d)Programs −$190,973 · Management −$3,425 · Fundraising −$3,915−$198,313
IX-25 Total functional expensesPrograms $10,141,930 · Management $3,967,202 · Fundraising $2,018,688$16,127,820
Part X · Balance sheet $0 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $3,919,923$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $3,376,393$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $51,240$0
X-10c Land, buildings and equipment, netStart of year $658,443$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assetsStart of year $13,742,331$0
X-15 Other assetsStart of year $1,472,333$0
X-16 Total assetsStart of year $23,220,663$0
X-26 Total liabilitiesStart of year $6,805,577$0
X-27 Net assets without donor restrictionsStart of year $16,415,086$0
X-32 Total net assets or fund balancesStart of year $16,415,086$0
X-33 Total liabilities and net assetsStart of year $23,220,663$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$17,105,188
XI-2 Total expenses$16,127,820
XI-3 Revenue less expenses$977,368
XI-4 Net assets at start of year$16,415,086
XI-9 Other changes in net assets−$17,392,454
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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