Innovative Schools Development Corporation in Wilmington, Delaware (DE)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Innovative Schools Development Corporation | |
| Employer Identification Number (EIN) | 550793336 |
| Name of Organization | Innovative Schools Development Corporation |
| Address | 100 W 10th St Ste 403, Wilmington, DE 19801-1643 |
| Subsection | Charitable Organization |
| Ruling Date | 05/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2012 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $5,132,220 |
| Amount of Income | $3,414,734 |
| Form 990 Revenue Amount | $1,951,150 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Management & Technical Assistance |
Non-representatives - add comments:
Amount of income in 2012: $3,414,734 (it was $1,951,150 in 2011)
| This organization: | $3,414,734 |
| Other organizations performing similar types of work: | $253,364 |
Assets in 2012: $5,132,220 (it was $5,285,786 in 2011)
| Innovative Schools Development Corporation: | $5,132,220 |
| Other organizations performing similar types of work: | $138,908 |
Expenses in 2012: $2,644,684
| This organization: | $2,644,684 |
| Other organizations performing similar types of work: | $267,422 |
Income to expenses ratio in 2012: 1.3
| Innovative Schools Development Corporation: | 1.3 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 99.3%
| This organization: | 99.3% |
| Other organizations performing similar types of work: | 79.0% |
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $3,414,734 | $22,790 | $22,790 | |
| Contributions, gifts, grants, etc., received | $3,391,944 | |||
| Interest on savings and temporary cash investments | $22,790 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $2,644,684 | $0 | $0 | $0 |
| Compensation of officers, directors, trustees, etc. | $116,192 | |||
| Total operating and administrative expenses | $2,644,684 | $0 | $0 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $770,050 | |||
| Net investment income | $22,790 | |||
| Adjusted net income | $22,790 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $5,132,220 | $5,132,220 |
| Cash - non-interest-bearing | $309,508 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $1,000,000 | |
| Other | $3,822,712 | |
| Total liabilities | $4,205,677 | |
| Mortgages and other notes payable | $0 | |
| Other | $4,205,677 | |
| Total liabilities and net assets/fund balances | $926,543 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $228 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $228 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | Yes |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $5,411,754 |
| Net value of noncharitable-use assets | $5,330,580 |
| Minimum investment return | $266,529 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $22,790 | $43,399 | $88,012 | $133,130 | $287,331 |
| Qualifying distributions made directly for active conduct of exempt activities | $1,000,000 | $0 | $0 | $0 | $1,000,000 |
| Value of all assets | $5,132,220 | $5,285,786 | $5,370,007 | $5,346,717 | $21,134,730 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Wb Community Health | 875 Centerville Road, Warwick, RI 02886-4381 | RI | 1999-06 | $125,128,955 |
| 2 | Detroit 90-90 | 610 Antoinette St, Detroit, MI 48202-3457 | MI | 2014-06 | $19,239,157 |
| 3 | University At Buffalo Surgeons Inc | 462 Grider St, Buffalo, NY 14215-3021 | NY | 2003-02 | $14,930,666 |
| 4 | University Of Akron Research Foundation | Goodyear Polymer Center, Akron, OH 44325-2103 | OH | 2003-07 | $11,461,658 |
| 5 | New Classrooms Innovation Partners Inc | 1250 Broadway 30th Floor, New York, NY 10001 | NY | 2012-07 | $11,305,307 |
| 6 | Central Indiana Educational Service Center | 6036 Lakeside Blvd Room Bldg A, Indianapolis, IN 46278-1988 | IN | 2013-12 | $9,324,035 |
| 7 | Creative Urban Education Inc | 460 W Baltimore St, Detroit, MI 48202-3208 | MI | 2009-06 | $6,635,805 |
| 8 | Public Preparatory Network Inc | 291 Broadway Rm 1202, New York, NY 10007-1869 | NY | 2010-09 | $3,953,470 |
| 9 | Innovative Schools Development Corporation | 100 W 10th St Ste 403, Wilmington, DE 19801-1643 | DE | 2003-05 | $3,414,734 |
| 10 | School Facility Development Inc | 444 Liberty Avefour Gateway Ctr, Pittsburgh, PA 15222 | PA | 2004-05 | $3,295,876 |
| 11 | Georgia Leadership Institute For School Improvement Inc, Glisi | 1755 N Brown Rd Ste 200, Lawrenceville, GA 30043-8196 | GA | 2013-03 | $3,188,619 |
| 12 | The Center For Education Innovation | 200 South Lamar Street, Jackson, MS 39201-4013 | MS | 2010-12 | $2,929,450 |
| 13 | Equal Opportunity Schools | 999 N Northlake Way Ste 268, Seattle, WA 98103-3422 | WA | 2011-07 | $2,504,910 |
| 14 | The Coalition For College Cost Savings | 1900 Church St Ste 300, Nashville, TN 37203-2285 | TN | 2006-11 | $2,330,154 |
| 15 | Charter Facilities Management Inc | 1661 Worcester Rd Ste 203, Framingham, MA 01701 | MA | 2012-01 | $1,937,126 |
| 16 | Blueprint Schools Network Inc | 68 Harvard Street, Brookline, MA 02445-7991 | MA | 2011-12 | $1,724,190 |
| 17 | Rhode Island Mayoral Academies | 160 Westminster St Suite 202, Providence, RI 02903-2102 | RI | 2009-08 | $1,538,360 |
| 18 | Charter School Partners | 2800 University Ave Se Ste 202, Minneapolis, MN 55414-4205 | MN | 2009-09 | $1,490,462 |
| 19 | Career And Technical Education Consortium Of States Incorporated | 1866 Southern Lane, Decatur, GA 30033-4097 | GA | 2009-10 | $1,432,241 |
| 20 | Ostrava Foundation For International Education | 1000 N West St Ste 1200, Wilmington, DE 19801-1058 | DE | 2014-12 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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