Purdue Polytechnic High School of Indianapolis Inc

Nonprofit profile at a glance

EIN
475125364
IRS 990 coverage
2016–2024
Forms available
Form 990 2024
Location
Indianapolis, IN, USA
Phone
3178321200
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Charter Schools

Official website

Reported finances

Revenue
$15,057,724
Expenses
$15,492,027
Assets
$15,095,938
Liabilities
$7,665,287

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

Leadership & pay

20 people listed

Executive titles in this filing

  • DR KEEANNA WARREN (CEO)

Highest reported compensation

  • DR KEEANNA WARREN (CEO): $256,137 total reported compensation
  • KRISTA PRIMROSE (CHIEF OF ACADEMICS): $165,048 total reported compensation
  • LAURA COPE (CHIEF OF EXCEPTIONAL LEARN): $164,308 total reported compensation

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

Overview

Mission

Create an environment of academic excellence characterized by industry-focused experiential learning; mentors who nurture, guide and trust; and students who develop a natural thirst to learn in preparation for their lifelong journeys.

What it reported doing in 2024

Purdue polytechnic high school (pphs) is a free public charter high school that encourages learning outside the box, and the traditional classroom- through the lens of science, technology, engineering and mathematics (stem). Students learn problem - solving and critcal thinking through real-world design challenges. They design-thinking process, which includes analysis and reflection to emphasize core academic concepts. With the student success at the center, staff and students work together to schedule time for individual and group instruction ina a variety of formats. Students learn to be responsible for recognizing gaps in their own knowledge and recieve high-quality instructional support when they need it.

Operating model

Revenue model
Grant-funded. 87% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 61
  • Transparency & Controls: 79
  • Accountability: 100
  • Sustainability: 27
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 69.7%; rating input score 70
  • Program expense ratio: 67.5%; rating input score 67
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • 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: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • 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: -2.9%; rating input score 21; 21st percentile among comparable filings
  • Total-asset coverage ratio: 0.97; rating input score 35; 35th percentile among comparable filings
  • Liabilities to assets ratio: 0.51; rating input score 28; 28th percentile among comparable filings
  • Officer compensation ratio: 8.1%; rating input score 29; 29th percentile among comparable filings

Growth

  • Program expense growth: 21.9% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: 20.8% per year; rating input score 100; 93rd percentile among comparable filings
  • Asset growth: 25.9% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 69.7% of revenue deployed · 67.5% of spending went to programs
  • Governance: 12 of 12 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $10.5M in reported program spending
  • Leadership: top reported pay $256K · 20 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $116K reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 9 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 21/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
  • High — Sustainability: Liabilities to assets ratio scored 28/100.
  • High — Sustainability: Officer compensation ratio scored 29/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.