Tindley Accelerated Schools Inc
Nonprofit profile at a glance
- EIN
- 352151971
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Indianapolis, IN, USA
- Phone
- 3175451745
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $15,587,910
- Expenses
- $14,789,112
- Assets
- $16,902,738
- Liabilities
- $17,785,297
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- Jonathan Q Harris (Network President)
- Cody Stanley (Executive Director of Data & Technology)
Highest reported compensation
- Jonathan Q Harris (Network President): $226,047 total reported compensation
- Sandra Tresselt (CFO): $187,815 total reported compensation
- Alan Smith (Principal): $140,703 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Tindley Accelerated Schools offers a rigorous, college-preparatory program that seeks to challenge each one of its students to pursue education beyond high school. It is the early college program that allows Tindley students the opportunity to earn college credit while still enrolled in high school.
What it reported doing in 2024
Tindley Accelerated Schools, Inc. (ganization") began operations in 2002 as the Charter for Accelerated Learning, Inc. to provide educational services including charter school management, turnaround school services, and education consulting. In 2004, the organization launched the Charles A. Tindley Accelerated School as an open-enrollment charter school and currently serves grades 7-12. From the beginning, the organization's vision has been to ensure 100 percent of its students gain acceptance to a fully accredited four-year college or university. With this in mind, every student is required to complete a rigorous high school program culminating in authentic college courses. Regardless of past academic performance, Tindley accepts every scholar who applies and encourages each to reach their full potential. In August 2014, the organization opened Tindley Summit Elementary School serving as an open-enrollment charter elementary school which currently educates children in kindergarten through sixth grade. In August 2015, the organization opened Tindley Genesis Elementary School serving as an open-enrollment charter elementary school which currently educates children in kindergarten through third grade. Students at Genesis engage in concentrated music instruction throughout the school day which includes classes in instrumental music, singing, piano, and general music. In the area of math and science, Charles A. Tindley Accelerated High School's robotics team won the St. Joseph's District Highest Rookie Seed and Rookie All-Star honors in the 2017 FIRST Robotics competition. In 2023, they competed in the FIRST World Championship in Houston after winning the 2023 District Event Championship and being recognized with the Judge's Engineering Inspiration Award. This competition featured teams from 30+ nations. Tindley continues to promote and grow its extracurricular programs in conjunction with its rigorous academies, including, but not limited to, athletics, band, theater, community garden, and an innovation lab. Enrollment for the 2024-2025 school year for each school was as follows: Charles A. Tindley Accelerated: 296 Tindley Summit Academy: 317 Tindley Genesis Academy: 358. The 2024-2025 school year marked a 20-year milestone. Over the last 20 years, more than 500 Tindley scholars have earned college credits from Anderson University and the University of Evansville. This year, Purdue University has been added as a partner. These scholars have earned 10,000 college credits while at Tindley. The total amount of money saved by these scholars is $8,751,850.
Operating model
- Revenue model
- Grant-funded. 90% 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. Program spending has declined or grown slowly and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 79
- Accountability: 91
- Sustainability: 42
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 69.1%; rating input score 69
- Program expense ratio: 72.5%; rating input score 73
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- 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: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 5.1%; rating input score 54; 54th percentile among comparable filings
- Total-asset coverage ratio: 1.14; rating input score 41; 41st percentile among comparable filings
- Liabilities to assets ratio: 1.05; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 7.1%; rating input score 35; 35th percentile among comparable filings
Growth
- Program expense growth: -1.5% per year; rating input score 0; 7th percentile among comparable filings
- Revenue growth: 3.6% per year; rating input score 100; 31st percentile among comparable filings
- Asset growth: 6.8% per year; rating input score 100; 47th percentile among comparable filings
Details
- Where the money goes: 69.1% of revenue deployed · 72.5% of spending went to programs
- Governance: 12 of 12 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $10.7M in reported program spending
- Leadership: top reported pay $226K · 21 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed · $506K reported
- Consistency: 34 of 34 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 7 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 — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Review — Sustainability: Operating margin scored 54/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
- High — Sustainability: Liabilities to assets ratio scored 5/100.
- Moderate — Sustainability: Officer compensation ratio scored 35/100.