PARAMOUNT SCHOOL OF EXCELLENCE INCORPORATED: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: PARAMOUNT SCHOOL OF EXCELLENCE INCORPORATED (EIN 26-3890401)
Tax period: 2010-07-01 to 2011-06-30
Filed: 2012-05-15
IRS object ID: 201211369349303876
Schema version: 2010v3.7
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule E
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-05-15T12:17:33-05:00	Timestamp
Tax Period End Date	2011-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SIKICH LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	8555 N RIVER RD STE 300	AddressLine1
City	INDIANAPOLIS	City
State	IN	State
ZIP Code	46240	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2010-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	263890401	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	PARAMOUNT SCHOOL OF EXCELLENCE INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	PARA	NameControl
Phone	8007789334	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3020 NOWLAND AVENUE	AddressLine1
City	INDIANAPOLIS	City
State	IN	State
ZIP Code	46201	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	CATHLEEN NEVIN	Name
Title	BOARD PRESIDENT	Title
Phone	8007789334	Phone
Date Signed	2012-01-16	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	STEVEN K STUCKY CPA	Name
Phone	3178424466	Phone
Date Prepared	2012-05-10	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	CATHLEEN NEVIN	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	3020 NOWLAND AVENUE	AddressLine1
City	INDIANAPOLIS	City
State	IN	State
ZIP Code	46201	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	3535947	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.PARAMOUNTSCHOOL.ORG	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	2009	YearFormation
State Legal Domicile	IN	StateLegalDomicile
Activity Or Mission Description	A CHALLENGE FOUNDATION ACADEMY IS TO OFFER 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: A CHALLENGE FOUNDATION ACADEMY WILL SERVE A HIGH NEEDS' POPULATION IN GRADES K - 8 USING AN INTEGRATED, HUMANITIES AND REASERCH 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.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	6	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	6	NbrIndependentVotingMembers
Total Nbr Employees	34	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	881387	ContributionsGrantsPriorYear
Contributions Grants Current Year	3325445	ContributionsGrantsCurrentYear
Program Service Revenue CY	161969	ProgramServiceRevenueCY
Investment Income Prior Year	1246	InvestmentIncomePriorYear
Investment Income Current Year	5726	InvestmentIncomeCurrentYear
Other Revenue Current Year	42807	OtherRevenueCurrentYear
Total Revenue Prior Year	882633	TotalRevenuePriorYear
Total Revenue Current Year	3535947	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Current Year	1409336	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	524978	OtherExpensePriorYear
Other Expenses Current Year	1699278	OtherExpensesCurrentYear
Total Expenses Prior Year	524978	TotalExpensesPriorYear
Total Expenses Current Year	3108614	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	357655	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	427333	RevenuesLessExpensesCY
Total Assets BOY	392942	TotalAssetsBOY
Total Assets EOY	2489104	TotalAssetsEOY
Total Liabilities BOY	35287	TotalLiabilitiesBOY
Total Liabilities EOY	1704118	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	357655	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	784986	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	A CHALLENGE FOUNDATION ACADEMY IS TO OFFER 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: A CHALLENGE FOUNDATION ACADEMY WILL SERVE A HIGH NEEDS' POPULATION IN GRADES K - 8 USING AN INTEGRATED, HUMANITIES AND REASERCH 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.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	2741684	Expense
Revenue	210502	Revenue
Description	TO OPERATE A PUBLIC CHARTER SCHOOL IN INDIANA IN ACCORDANCE WITH THE CHARTER CONTRACT OF THE SCHOOL.	Description
Total Program Service Expense	2741684	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	false	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	true	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	7	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	false	ComplianceWithBackupWitholding
Number Of Employees	34	NumberOfEmployees
Employment Tax Returns Filed	false	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	6	NbrVotingGoverningBodyMembers
Number Independent Voting Members	6	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	IN	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	BOOKKEEPING PLUS INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	3175777724	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	232 EAST MCCLARNON DRIVE	AddressLine1
City	GREENFIELD	City
State	IN	State
ZIP Code	46140	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (7 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
CATHLEEN NEVIN
PRESIDENT	5.00	X	X	0	0	0
AMANDA HAUGH
BOARD MEMBER	5.00	X		0	0	0
KATIE ETTER
TREASURER	5.00	X	X	0	0	0
KIM RETZNER
BOARD MEMBER	5.00	X		0	0	0
JERRY SHEPHERD
BOARD MEMBER	5.00	X		0	0	0
MELISSA MOLTER
BOARD MEMBER	5.00	X		0	0	0
THOMAS REDDICKS
HEAD OF SCHO	40.00		X	89423	0	0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	89423	TotalReportableCompFromOrg
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (3 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
ION 360
212 WEST 10TH STREET	INDIANAPOLIS	IN	46202	COMPUTER SERV	399958
INSTITUTE FOR SCHOOL EXCELLENCE
212 WEST 10TH STREET SUITE D465	INDIANAPOLIS	IN	46202	SPECIAL EDUC	371203
ARAMARK
40 SOUTH ALABAMA STREET	INDIANAPOLIS	IN	46204	FOOD SERVICE	183580

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	3	NumberOfContractorsGT100K
Government Grants	3110442	GovernmentGrants
All Other Contributions	215003	AllOtherContributions
Total Contributions	3325445	TotalContributions

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	SCHOOL LUNCH PROGRAM	Description
Total Revenue Column	161969	TotalRevenueColumn
Related Or Exempt Function Income	161969	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	161969	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	5726	TotalRevenueColumn
Related Or Exempt Function Income	5726	RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc (2 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
TEXTBOOK REIMBURSEMENTS	38828	38828
MISCELLANEOUS INCOME	3979	3979

Field	Value	IRS element (for citing)
Total Other Revenue	42807	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	3535947	TotalRevenueColumn
Related Or Exempt Function Income	210502	RelatedOrExemptFunctionIncome

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	1151955	Total
Program Services	977881	ProgramServices
Management And General	174074	ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	72933	Total
Program Services	72933	ProgramServices

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	99225	Total
Program Services	99225	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	85223	Total
Program Services	72698	ProgramServices
Management And General	12525	ManagementAndGeneral

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	473680	Total
Program Services	473680	ProgramServices

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	15300	Total
Management And General	15300	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	62160	Total
Management And General	62160	ManagementAndGeneral

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	102871	Total
Management And General	102871	ManagementAndGeneral

Advertising Advertising

Field	Value	IRS element (for citing)
Total	4687	Total
Program Services	4687	ProgramServices

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	487332	Total
Program Services	487332	ProgramServices

Travel Travel

Field	Value	IRS element (for citing)
Total	292	Total
Program Services	292	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	17125	Total
Program Services	17125	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	158583	Total
Program Services	158583	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	19966	Total
Program Services	19966	ProgramServices

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
FOOD PURCHASES	184915	184915
OPERATIONAL SUPPLIES	92039	92039
REPAIRS AND MAINTENANCE	25229	25229
EQUIPMENT RENTAL	15217	15217
TELECOMMUNICATIONS	11684	11684

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	28198	Total
Program Services	28198	ProgramServices

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	3108614	Total
Program Services	2741684	ProgramServices
Management And General	366930	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	296445	BOY
EOY	339122	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
EOY	1208373	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	50000	BOY
EOY	69427	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	983767	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	161585	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	21497	BOY
EOY	822182	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	25000	BOY
EOY	50000	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	392942	BOY
EOY	2489104	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	35287	BOY
EOY	91677	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
EOY	1612441	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	35287	BOY
EOY	1704118	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	-57243	BOY
EOY	666738	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	414898	BOY
EOY	118248	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	357655	BOY
EOY	784986	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	392942	BOY
EOY	2489104	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	427333	ReconcilationRevenueExpenses
Reconcilation Other Changes	-2	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	false	FSAudited
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School170b1 Aii	X	School170b1Aii

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	983767	OtherCostOrOtherBasis
Depreciation	161585	Depreciation
Book Value	822182	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	822182	TotalOfBookValueLandBuildings

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	true	NondiscriminatoryPolicyStmt
Policy Statement In Brochures Etc	true	PolicyStatementInBrochuresEtc
Policy Publ Via Broadcast Media	true	PolicyPublViaBroadcastMedia
Maint Racial Composition Records	true	MaintRacialCompositionRecords
Maint Scholarships Records	true	MaintScholarshipsRecords
Maint Copies Of Brochures Etc	true	MaintCopiesOfBrochuresEtc
Maint Copies Of All Solicitations	true	MaintCopiesOfAllSolicitations
Discriminate Race Students Rights	false	DiscriminateRaceStudentsRights
Discriminate Race Admiss Policies	false	DiscriminateRaceAdmissPolicies
Discriminate Race Emplmn Faculty	false	DiscriminateRaceEmplmnFaculty
Discriminate Race Scholarships	false	DiscriminateRaceScholarships
Discriminate Race Educ Policies	false	DiscriminateRaceEducPolicies
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFclts
Discriminate Race Athletic Prog	false	DiscriminateRaceAthleticProg
Discriminate Race Other Acty	false	DiscriminateRaceOtherActy
Government Financial Aid Received	true	GovernmentFinancialAidReceived
Government Financial Aid Revoked	false	GovernmentFinancialAidRevoked
Compliance With Rev Proc7550	true	ComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII

Field	Value	IRS element (for citing)
Identifier	FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION	Identifier
Return Reference	SCHEDULE E LINE 6	ReturnReference
Explanation	GRANTS AND SUPPORT FROM BOTH FEDERAL AND STATE GOVERNMENT	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (4 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ORGANIZATION'S MISSION	FORM 990 - ORGANIZATION'S MISSION	A CHALLENGE FOUNDATION ACADEMY IS TO OFFER 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: A CHALLENGE FOUNDATION ACADEMY WILL SERVE A HIGH NEEDS' POPULATION IN GRADES K - 8 USING AN INTEGRATED, HUMANITIES AND REASERCH 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.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	PRIOR TO FILING FORM 990 IS REVIEWED DURING A SCHEDULED BOARD MEETING.
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	THE INDUSTRY STANDARD IS RESEARCHED AND DETERMINED PRIOR TO BOARD DISCUSSION AND APPROVAL OF THE MOTION.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	DOCUMENTS ARE AVAILABLE UPON REQUEST.