Overview
What is Indiana Math & Science Academy - Indianapolis Inc?
Indiana Math & Science Academy - Indianapolis Inc is a not-for-profit organization situated in Indianapolis, Indiana. With a focus on science, mathematics, and technology, it offers educational instruction to approximately 580 students from kindergarten to eighth grade. The academy's primary mission is to create a conducive learning environment for educationally disadvantaged students, providing them with a challenging college-preparatory program. This endeavor aims to foster continuous growth among students, parents, and teachers, empowering them to achieve their full potential in life. With a team of 98 dedicated individuals, the academy is committed to nurturing future leaders in the fields of science and technology.
Official website here: www.imsaindy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
Indiana Math & Science Academy - Indianapolis Inc received a Three-Star rating from Charity Navigator, reflecting solid accountability and financial performance. The high score of 88% indicates that the organization demonstrates transparency and responsible financial management, with a particularly strong emphasis on governance through its majority independent board and effective financial oversight.
Strengths of the organization include a fully independent board and strong financial ratios, showcasing effective management of both assets and program expenses. The organization has implemented several strong policies, such as their conflict of interest policy and regular documentation of board meeting minutes. However, the absence of a whistleblower policy and document retention plan are noted as weaknesses, which could impact internal accountability.
Overall, while the organization performs well in several areas of accountability and finance, improvements could be made in their governance policies. Addressing these limitations would enhance their overall transparency and credibility in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Indiana Math & Science Academy - Indianapolis Inc legitimate?
Indiana Math & Science Academy - Indianapolis Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indiana Math & Science Academy - Indianapolis Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,632,044
For more financial information, click here
Official website here: www.imsaindy.org
What is the mission statement of Indiana Math & Science Academy - Indianapolis Inc?
Indiana Math & Science Academy Inc, through its mission, aims to create an academic environment that caters to underprivileged students. This is achieved by implementing a rigorous college preparatory program focusing on science, mathematics, and technology. The atmosphere within the academy encourages continuous growth for students, parents, and teachers, empowering them to reach their full potential in life. The organization provides educational instruction to approximately 580 students from kindergarten to eighth grade, fostering a strong focus on these core subjects.
Official website here: www.imsaindy.org
Who is the CEO of Indiana Math & Science Academy - Indianapolis Inc?
Jim Sparks is the Board Chair of Indiana Math & Science Academy - Indianapolis Inc.
Official website here: www.imsaindy.org
What is the revenue of Indiana Math & Science Academy - Indianapolis Inc?
Indiana Math & Science Academy - Indianapolis Inc's revenue in 2022 was $7,679,581.
Official website here: www.imsaindy.org
Who are the executives of Indiana Math & Science Academy - Indianapolis Inc and what are their salaries?
The average compensation at Indiana Math & Science Academy - Indianapolis Inc during 2022 was $37,062. There are 98 employees and 25 volunteers at Indiana Math & Science Academy - Indianapolis Inc.
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Official website here: www.imsaindy.org
Where can I find the form 990 for Indiana Math & Science Academy - Indianapolis Inc?
Indiana Math & Science Academy - Indianapolis Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.imsaindy.org
Learn more at the official website: www.imsaindy.org
Mission Statement of Indiana Math & Science Academy - Indianapolis Inc
Indiana Math & Science Academy - Indianapolis Inc is committed to creating a conducive learning environment for educationally disadvantaged students. This is achieved through a rigorous college preparatory program that focuses on science, mathematics, and technology. The academy provides opportunities for continuous growth for students, parents, and teachers, enabling them to reach their full potential in life. The organization's mission is to offer educational instruction to approximately 580 students from kindergarten to eighth grade, with a primary focus on science, mathematics, and technology. The academy's goal is to foster an atmosphere that encourages growth and development, enabling its students to excel in their academic pursuits and beyond.
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Impact
October, 2024
Indiana Math & Science Academy - Indianapolis Inc plays a vital role in the educational landscape by providing a rigorous college preparatory program specifically tailored for under-resourced students. By focusing on science, mathematics, and technology, the academy cultivates an environment that encourages academic excellence and fosters a passion for learning.
Serving approximately 580 students in grades K-8, the academy emphasizes not only educational instruction but also personal and communal growth. This comprehensive approach equips students with critical skills and knowledge necessary for higher education and future careers, particularly in STEM fields. Additionally, the supportive atmosphere engages parents and teachers, promoting shared responsibility and collaboration in the educational process.
This commitment to nurturing potential empowers students to overcome socio-economic barriers, helping them aspire to greater achievements in life. By prioritizing continuous growth for all stakeholders involved, Indiana Math & Science Academy is significantly contributing to the development of a more equitable educational system and a brighter future for its students and the broader community.
This information is meant to be a general summary of Indiana Math & Science Academy - Indianapolis Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $881
- Program Service Revenue: $73,696
- Gross Receipts: $7,679,581
Assets and Liabilities:
- Total Assets: $6,429,129
- Total Liabilities: $2,055,537
- Net Assets: $4,373,592
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$73,696
Organization Details
Founding Year
2006
Phone
(317) 462-2049Principal Officer
Jim Sparks
Main Address
4575 W 38TH ST, INDIANAPOLIS, IN, 46254
Website
www.imsaindy.orgNTEE Category
Code: B290 - Education
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