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Paramount Schools Of Excellence

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 263890401 ✦ Indianapolis, IN ✦ Designated as a 501(c)(3)

Overview

What is Paramount Schools Of Excellence?

Paramount Schools of Excellence is a nonprofit organization based in Indianapolis, Indiana, with an address at 3020 Nowland Ave. They operate four campuses that cater to K-8 grade students in an innovative learning environment, instilling high expectations for success. Established in 2010, Paramount Schools of Excellence emphasizes rigorous academics, technology, and their environment. With authorization from the Mayor's Office of Education Innovation, they serve approximately 1,400 students, 79% of whom come from households below the poverty line. Paramount addresses challenges such as lack of social and school readiness, language barriers, underperforming academic achievement levels, and low parental involvement to help students reach their full potential. Their mission is to inspire learning through an unparalleled academic approach and transform communities by changing lives. Paramount consistently ranks among the top charter schools in Indiana, as shown by their high performance in state testing and recognition as an "A" school and 2018 US Blue Ribbon School.


Official website here: www.paramountindy.org

Is Paramount Schools Of Excellence legitimate?

Paramount Schools Of Excellence is a legitimate nonprofit organization registered as a 501(c)(3) entity. Paramount Schools Of Excellence 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.

Here are some key statistics you may want to consider:

Executive Compensation: $245,560
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,232,491

For more financial information, click here


Official website here: www.paramountindy.org

What is the mission statement of Paramount Schools Of Excellence?

Paramount Schools of Excellence is dedicated to inspiring learning and transforming communities by delivering an unparalleled academic approach. Established in 2010, the organization focuses on rigorous academics, technology, and creating an innovative learning environment for K-8 students, despite challenges such as poverty and limited school readiness. With a mission to remove obstacles to educational attainment, Paramount Schools of Excellence serves over 1,400 students, 79% of whom come from low-income households. Their emphasis on high expectations and success has led to consistent state testing rankings among the top charter schools in Indiana, with Paramount Community Heights being the top-performing school and Paramount Brookside the fourth highest within the designated boundaries. The organization has also been recognized for closing the achievement gap irrespective of family income and for promising practices in accessibility in STEM education.


Official website here: www.paramountindy.org

Who is the CEO of Paramount Schools Of Excellence?

Thomas Reddicks is the Executive Director of Paramount Schools Of Excellence.


Official website here: www.paramountindy.org

What is the revenue of Paramount Schools Of Excellence?

Paramount Schools Of Excellence's revenue in 2022 was $23,881,442.


Official website here: www.paramountindy.org

Who are the executives of Paramount Schools Of Excellence and what are their salaries?

The average compensation at Paramount Schools Of Excellence during 2022 was $31,169. There are 272 employees and 9 volunteers at Paramount Schools Of Excellence.

Here are 14 key members and their salaries:

    Thomas Reddicks (Executive Director)
  • Compensation: $157,387
  • Related: $0
  • Other: $0

    • Kyle Beauchamp (Chief Academic Officer)
  • Compensation: $120,760
  • Related: $0
  • Other: $10,398

    • Jessica Monk (Coo)
  • Compensation: $118,656
  • Related: $0
  • Other: $8,859

    • James Hazzard (Vice Chair) [Trustee/Director]
  • Compensation: $72,188
  • Related: $0
  • Other: $0

    • Marcus Miller (Cfo)
  • Compensation: $15,986
  • Related: $0
  • Other: $0

    • Tom Rude (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peggy Blackard (Board Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brittany Eldgridge (Board Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jude Ami (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Aster Bekele (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amanda Bishop (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Elsa Mendez (Board Member Term Began Mar'22) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christopher Park (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Liam Smith (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.paramountindy.org

    Where can I find the form 990 for Paramount Schools Of Excellence?

    The Paramount Schools Of Excellence’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.paramountindy.org

    Learn more at the official website: www.paramountindy.org

    Mission Statement of Paramount Schools Of Excellence

    Paramount Schools of Excellence, a dynamic educational institution, is committed to inspiring learning through an unparalleled academic approach. With a mission to transform communities by changing lives, this organization goes above and beyond to provide an innovative learning environment for K-8 grade students. Established in 2010, Paramount has served over 1,400 students, mostly from households at or below the poverty level. Recognized by the Mayor's Office of Education Innovation as free public charter schools, Paramount's campuses are dedicated to removing obstacles that hinder educational attainment.

    The educational framework at Paramount is focused on rigorous academics, technology, and a stimulating environment. This approach has proven successful, as evidenced by Paramount's consistent ranking among the top charter schools in Indiana. In the 2019 Indiana ILEARN Academic Assessment, Paramount Community Heights was named the top-performing school within the IPS boundaries, and Paramount Brookside ranked fourth highest. Furthermore, Paramount Brookside has been designated an "A" school by the Indiana Department of Education and a 2018 U.S. Blue Ribbon School. The Education Equality Index acknowledged Paramount for closing the achievement gap regardless of a family's income. Additionally, the Indiana Department of Education included Paramount among the 200 promising practices for accessibility in STEM education.

    Paramount's staff is hardworking and dedicated to ensuring that each student reaches their full potential. With a strong emphasis on academic rigor, technology integration, and a nurturing environment, Paramount creates an atmosphere where students can thrive. Despite the challenges faced by many of its students, such as lack of social and school readiness, language barriers, underperforming academic achievement levels, and low parental involvement, Paramount Schools of Excellence continues to inspire learning and change lives.

    Impact

    This information is meant to be a general summary of Paramount Schools Of Excellence. Please take the time to review official sources before making any decisions based upon the content provided here.




    Sunday, April 14, 2024

    Paramount Schools Of Excellence has made a significant impact in Indianapolis by providing innovative and rigorous educational opportunities to K-8 grade students. With a focus on academic excellence, technology integration, and creating a supportive learning environment, Paramount Schools Of Excellence has successfully served 1,400 students, with a majority coming from households at or below the poverty level.

    The schools have consistently achieved high rankings in state testing, placing among the top charter schools in Indiana. Paramount Community Heights was recognized as the top-performing school within the IPS boundaries, while Paramount Brookside was designated as an Indiana "A" school and a U.S. Blue Ribbon School. Their efforts in closing the achievement gap regardless of income were acknowledged by the Education Equality Index, and the Indiana Department of Education recognized Paramount Schools Of Excellence for their promising practices in STEM education.

    Overall, Paramount Schools Of Excellence's commitment to academic excellence and community transformation has had a lasting and positive impact on students' lives in Indianapolis.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,139
  • Program Service Revenue: $75
  • Gross Receipts: $24,417,279

    • Assets and Liabilities:
  • Total Assets: $32,624,860
  • Total Liabilities: $16,608,069
  • Net Assets: $16,016,791
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    STUDENT FEES

    Revenue

    $75

    Organization Details

    Founding Year

    2009

    Principal Officer

    Thomas Reddicks

    Main Address

    3020 NOWLAND AVE, INDIANAPOLIS, IN, 46201

    NTEE Category

    Code: B29 - Education