2018-12-20T13:51:48-06:00 2018-06-30 351178661 BLUE & CO LLC 500 N MERIDIAN ST SUITE 200 INDIANAPOLIS IN 46204 990 2017-07-01 263890401 PARAMOUNT SCHOOL OF EXCELLENCE PARA 3177756660 3020 NOWLAND AVE INDIANAPOLIS IN 46201 THOMAS REDDICKS EXECUTIVE DIRECTOR 3177756660 2018-12-20 1 ANGELA N CRAWFORD CPA P00573197 3176334705 2018-12-20 38.109.186.2 2018-12-20 13:27:04 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 B19D0506B86ED19F1A0FD2AFEEB91090E576B51F 2017 2019-02-21 02:37:17Z THOMAS REDDICKS 3020 NOWLAND AVE INDIANAPOLIS IN 46201 8286494 0 X WWW.PARAMOUNTINDY.ORG X 2009 IN THE SCHOOL OFFERS A WORLD-CLASS EDUCATION TO EACH CHILD BUILT ON A FOUNDATION OF KNOWLEDGE AND WISDOM. EACH CHILD WILL MAXIMIZE THEIR POTENTIAL AGAINST MEASURABLE STANDARDS, DEVELOPING THE SKILLS NECESSARY TO BECOME SUCCESSFUL AND PRODUCTIVE CITIZENS IN A GLOBAL SOCIETY DEVELOPING COMPASSION AND UNDERSTANDING. STUDENTS WILL LEARN TO RESPECT THEIR ENVIRONMENT, THEMSELVES AND ONE ANOTHER. PARAMOUNT SCHOOL OF EXCELLENCE WILL SERVE A HIGH NEEDS' POPULATION IN GRADES K-8 USING AN INTEGRATED, HUMANITIES AND RESEARCH BASED CURRICULA, AND WILL DEVELOP A NETWORK OF EXISTING PROGRAMS, SERVICES AND RESOURCES TO BROADEN THE REACH OF CHOICES TO ALL SCHOOLS, STUDENTS AND FAMILIES. THE SCHOOLS PRIMARY SOURCE OF REVENUE AND SUPPORT ARE GRANTS FROM THE INDIANA DEPARTMENT OF EDUCATION. 8 7 143 65 0 0 7462002 8182662 185 1440 6827 3768 86448 63590 7555462 8251460 0 0 0 0 4531116 4668237 0 0 0 2154230 2442960 6685346 7111197 870116 1140263 11056532 12086806 6037234 5927245 5019298 6159561 TO INSPIRE LEARNING THROUGH AN UNPARALLELED ACADEMIC APPROACH, AND TRANSFORM COMMUNITIES BY CHANGING LIVES. 0 0 5688958 59953 THE SCHOOL OFFERS ELEMENTARY AND MIDDLE SCHOOL EDUCATION, SPECIAL EDUCATION, AND INSTRUCTIONAL STAFF TRAINING PROGRAMS. THE SCHOOLS CURRICULUM HAS BEEN ALIGNED TO MEET THE INDIANA STATE ACADEMIC STANDARDS FOR APPROXIMATELY 685 STUDENTS IN GRADES K-8. THE SCHOOL ALSO USES PEARSON PRODUCTS FOR READING AND MATH CURRICULUM ALONG WITH ADDITIONAL EXTENSIONS TO PROVIDE A COMPREHENSIVE PLATFORM OF INSTRUCTIONAL APPROACHES THAT ARE IMPLEMENTED AND AUGMENTED THROUGH THE USE OF TECHNOLOGY. THESE RESOURCES USE A COHESIVE COMBINATION OF PROGRESS MONITORING AND TECHNOLOGY TO PROVIDE A PLATFORM OF BALANCED INTERVENTION. 5688958 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 46 0 1 143 1 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 IN X THOMAS REDDICKS 3177756660 3020 NOWLAND AVENUE INDIANAPOLIS IN 46201 TOM RUDE BOARD CHAIR 1.00 X X 0 0 0 JAMES HAZZARD VICE CHAIR 1.00 X X 0 0 0 PEGGY BLACKARD BOARD SECRETARY 1.00 X X 0 0 0 BRITTANY ELDGRIDGE BOARD TREASURER 1.00 X X 0 0 0 JUDE AMU BOARD MEMBER 1.00 X 0 0 0 ASTER BEKELE BOARD MEMBER 1.00 X 0 0 0 AMANDA BISHOP BOARD MEMBER- 2/1 - 6/30 1.00 X 0 0 0 CHRISTOPHER PARK BOARD MEMBER 1.00 X 0 0 0 HEATHER MAURER BOARD MEMBER- TERM ENDED 12/'17 1.00 X 0 0 0 THOMAS REDDICKS EXECUTIVE DIRECTOR 40.00 X 121086 0 13034 SCOTT FRYE SCHOOL PRINCIPAL 40.00 X 116892 0 10073 237978 0 23107 2 0 0 0 ARAMARK 2855 N FRANKLIN ROAD INDIANAPOLIS IN 46219 FOOD SERVICE 479989 1 20000 8010788 151874 6360 8182662 STUDENT FEES 611710 1440 1440 1440 7717 7717 13000 16949 -3949 -3949 -3949 23162 20000 18085 5077 5077 58513 58513 58513 8251460 59953 0 8845 134210 107368 26842 3469895 2775916 693979 27121 21697 5424 1037011 829609 207402 643497 514798 128699 17829 14263 3566 659978 527982 131996 284249 227399 56850 53921 43137 10784 205797 164638 41159 343280 274624 68656 36750 29400 7350 DUES & SUB. 69702 55762 13940 SMALL EQUIPMENT 51144 40915 10229 COURSE MATERIALS 17842 14274 3568 BANK FEES 2310 1848 462 56661 45328 11333 7111197 5688958 1422239 0 1049311 2027165 512574 518591 67269 111226 16597 33532 12111756 2715464 9409781 9396292 1000 0 11056532 12086806 516136 469223 5521098 5458022 6037234 5927245 X 5019298 6159561 5019298 6159561 11056532 12086806 1140263 0 X X 0 1 X 1 1 1 X 936500 936500 9039528 973843 8065685 1690291 1404609 285682 445437 337012 108425 9396292 X 8255409 0 8255409 -3949 -3949 8251460 7115146 3949 3949 7111197 0 7111197 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY PARAMOUNT AND RECOGNIZE A TAX LIABILITY IF PARAMOUNT HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY PARAMOUNT, AND HAS CONCLUDED THAT AS OF JUNE 30, 2018 AND 2017, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. PARAMOUNT IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF AN ASSET -3,949. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF AN ASSET 3,949. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 PARAMOUNT SCHOOL OF EXCELLENCE IS PROMOTED VIA ALL INTERNET AND PRINTED MATERIAL AS AN URBAN CHARTER SCHOOL OPEN TO ALL WHO APPLY, EXCEPT IF THE SCHOOL IS OVER-SUBSCRIBED, IN WHICH CASE A PUBLIC LOTTERY IS HELD FOR ALL OF THE STUDENTS WHO APPLIED DURING THE OPEN ENROLLMENT WINDOW. SCHEDULE E, PART I, LINE 6 PARAMOUNT SCHOOL OF EXCELLENCE RECEIVES STATE FUNDS THAT HAVE BEEN DESIGNATED FOR CHARTER SCHOOLS FROM THE INDIANA DEPARTMENT OF EDUCATION. THE STATE USES A FORMULA BASED ON THE NUMBER OF STUDENTS ENROLLED IN THE SCHOOL DURING THE YEAR TO DETERMINE THE AMOUNT OF FUNDS THE SCHOOL RECEIVES. APPROXIMATELY 69% OF THE SCHOOL'S FUNDING IS FROM THE INDIANA DEPARTMENT OF EDUCATION. TURN FESTIVAL 43162 20000 23162 6659 4812 1250 5364 43162 20000 23162 6659 4812 1250 5364 18085 5077 A INDIANA FINANCE AUTHORITY 351602316 2015-12-17 5175000 SEE PART XI 0 0 0 A 5175000 21601 89000 5175000 0 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 SCHEDULE K, PART I, DESCRIPTION OF PURPOSE: THE PURPOSE OF THE EDUCATIONAL FACILITIES REVENUE BONDS, SERIES 2015, WILL BE USED FOR (I) THE COSTS INCURRED IN CONNECTION WITH THE ACQUISITION, CONSTRUCTION, INSTALLATION AND EQUIPPING OF AN APPROXIMATELY 16,000 SQUARE FOOT ADDITION TO ITS EXISTING FACILITIES; (II) RENOVATION OF ITS EXISTING FACILITY; (III) REFINANCING OF PRIOR DEBT INCURRED IN CONNECTION WITH THE ACQUISITION OF THE EXISTING FACILITY, AND (IV) CERTAIN COSTS OF ISSUANCE. FORM 990, PART VI, SECTION B, LINE 11B THE PROCESS OF REVIEWING THE FORM 990 INCLUDES A DETAILED REVIEW OF THE FORM 990 AND REQUIRED SCHEDULES BY THE EXECUTIVE DIRECTOR, BOARD PRESIDENT AND TREASURER. EACH VOTING MEMBER OF THE GOVERNING BODY RECEIVES A COPY OF THE FORM 990 TO REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE WRITTEN CONFLICT OF INTEREST POLICY IS REGULARLY AND CONSISTENTLY MONITORED AND COMPLIANCE IS ENFORCED BY THE BOARD CHAIRMAN. THE SCOPE OF THIS POLICY INCLUDES ALL BOARD OF DIRECTORS, MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS. THE POLICY IS IN PLACE TO AVOID ANY DUALITY OF INTEREST OR POTENTIAL CONFLICT OF INTEREST BY FULL DISCLOSURE OF ANY SUCH POTENTIAL CONFLICT, AND BY ABSTENTION BY THE INTEREST PERSON FROM ANY VOTE ON A MATTER IN WHICH A CONFLICT EXISTS BETWEEN THE INTERESTED PERSON AND THE SCHOOL. THE COVERED PERSONS ARE TO ANNUALLY SIGN A CERTIFICATION FORM TO ACKNOWLEDGE THE ABSENCE OF OR EXISTENCE OF ANY CONFLICT OF INTEREST AND TO DESCRIBE SUCH EXISTENCE, IF APPLICABLE. EACH PERSON SHALL PROMPTLY FURNISH AND UPDATE CERTIFICATION TO THE SCHOOL IN THE EVENT THAT THE CERTIFICATION PREVIOUSLY FURNISHED IS NO LONGER TRUE AND COMPLETE. THE COVERED PERSONS ARE TO REFRAIN FROM ANY KNOWN OR ANTICIPATED FINANCIAL INTEREST OR RELATIONSHIP WHICH COULD REASONABLY BE EXPECTED TO CREATE A CONFLICT OF INTEREST ON ANY MATTER WHICH MIGHT COME BEFORE THE BOARD OF DIRECTORS. SELF-DISCLOSURE IS REQUIRED ON ANY POTENTIAL CONFLICTS OF INTEREST. ANY BOARD MEMBER IN CONFLICT IS TO RECUSE THEMSELVES FROM PARTICIPATING IN ANY DELIBERATION OR DECISIONS ON RELATED TRANSACTIONS. THE BOARD OF DIRECTORS REVIEWS ALL DISCLOSED CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION FOR THE SCHOOL DIRECTOR INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT PERSONS OF THE EXECUTIVE COMMITTEE. COMPENSATION IS REVIEWED AND APPROVED ANNUALLY. THE EXECUTIVE COMMITTEE USES INDUSTRY STANDARD DATA PRIOR TO BOARD DISCUSSION AND APPROVAL. OTHER SCHOOL'S FORM 990 INFO IS USED AS COMPARABLE DATA. THE DELIBERATION, DECISION, AND APPROVAL ARE DOCUMENTED IN THE EXECUTIVE COMMITTEE MEMO. THERE WERE NO CHANGES TO THE EXECUTIVE DIRECTOR'S COMPENSATION FOR 2017. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C, OVERSIGHT OF AUDIT: THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT AND NO PROCESSES HAVE CHANGED FROM PRIOR YEAR.