Indiana Afterschool Network Inc

Nonprofit profile at a glance

EIN
465592573
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Indianapolis, IN, USA
Phone
3178228211
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Parent/Teacher Group

Official website

Reported finances

Revenue
$11,554,820
Expenses
$2,135,315
Assets
$11,504,007
Liabilities
$584,146

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • LAKSHMI D HASANADKA (CEO)

Highest reported compensation

  • LAKSHMI D HASANADKA (CEO): $143,370 total reported compensation
  • BRENT E WAKE (VP OF ENGAGE): $122,506 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Mission: we advance learning beyond the school day by actively supporting providers with resources, training, and advocacy, while mobilizing a strong network of community partners. Together, we build access to high-quality out-of-school time programs for all youth. Vision: we envision a thriving Indiana where valued out-of-school time professionals empower all youth to realize their full potential fostering personal growth, lifelong learning and future readiness.

What it reported doing in 2024

Indiana afterschool network (ian) serves out-of-school time (ost) programs and ost professionals as described below: for more than a decade, ian has been committed to providing the support and resources ost programs need to flourish. Our rigorous data-informed quality standards empower ost providers to make research-driven decisions and strengthen the quality of their programs. We act as a trusted hub for funding, strategy, and curriculum resources. We advocate for ost programming with legislators, policymakers, and all who shape the future of Indiana families. Additionally, we elevate afterschool professionals by providing educational support and professional development opportunities, ensuring that we are building and maintaining an ost workforce capable of excelling in an ever-changing world.

Operating model

Revenue model
Donor-supported. 90% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 96% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 38
  • Transparency & Controls: 92
  • Accountability: 91
  • Sustainability: 82
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 12.3%; rating input score 12
  • Program expense ratio: 63.9%; rating input score 64
  • Fundraising efficiency: $431.07 raised per $1 spent on fundraising; rating input score 94; 94th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 81.5%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 5.39; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 83; 83rd percentile among comparable filings
  • Officer compensation ratio: 12.5%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: 18% per year; rating input score 100; 88th percentile among comparable filings
  • Revenue growth: 24.7% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 22% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 12.3% of revenue deployed · 63.9% of spending went to programs
  • Governance: 12 of 12 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.4M in reported program spending
  • Leadership: top reported pay $143K · 14 people listed
  • Consistency: 34 of 34 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 12/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Officer compensation ratio scored 13/100.