NonprofitsParamount School Of Excellence Incorporated

Education

Paramount School Of Excellence Incorporated

INDIANAPOLIS, IN

Total revenue

$30.9M

Total expenses

$30.0M

Net assets

$21.2M

Grants received

$10.1M

40 grants

EIN

263890401

Tax year

2023

Mission

Paramount schools of excellence's six campuses exist to educate k-8 grade students in an innovative environment that instills high expectations for success. Established in 2010, paramount accomplishes its mission through an emphasis on rigorous academics, technology, and the environment. Authorized by the mayor's office of education innovation, the free public charter schools currently serve 2,100 students, of which 75% are from households at or below the poverty level. Risk factors for paramount studen,ts include lack of social and school readiness, language barriers, underperforming academic achievement levels, and low parental involvement. Therefore, it is essential that the school continually find ways to remove obstacles that hamper educational attainment, so paramount's students reach their full potential.

Financials

FY 2023

Revenue

Contributions & grants$30.5M
Program service revenue
Investment income$374K
Other revenue$84K
Total revenue$30.9M

Expenses

Grants paid$30K
Salaries & benefits$18.5M
Fundraising
Other expenses$11.4M
Total expenses$30.0M
Total assets$47.0M
Net assets$21.2M

People

13 listed

NameRoleCompensation

THOMAS REDDICKS

EXECUTIVE DIRECTOR

Board

$194K

40 hrs/wk

MARCUS MILLER

CFO

Board

$145K

40 hrs/wk

AMANDA BISHOP

BOARD MEMBER

Board

1 hrs/wk

TOM RUDE

BOARD CHAIR

Board

1 hrs/wk

ELSA MENDEZ

BOARD MEMBER

Board

1 hrs/wk

JAMES HAZZARD

BOARD MEMBER

Board

1 hrs/wk

JUDE AMI

VICE CHAIR

Board

1 hrs/wk

PEGGY BLACKARD

BOARD SECRETARY

Board

1 hrs/wk

BRITTANY ELDGRIDGE

BOARD TREASURER

Board

1 hrs/wk

ASTER BEKELE

BOARD MEMBER

Board

1 hrs/wk

KYLE BEAUCHAMP

CHIEF ACADEMIC OFFICER

Staff

$167K

40 hrs/wk

TARA GUSTIN

COO

Staff

$145K

40 hrs/wk

TIFFANY PALACIOS

SR. VP HUMAN RESOURCES

Staff

$105K

40 hrs/wk

Independent contractors

EXECUTIVE IMAGE BUILDING SERVICES

CLEANING SERVICES

$401K

BOOKKEEPING PLUS INC

ACCOUNTING SERVICES

$317K

CROSSROADS REHAB

THERAPY SERVICES

$230K

WELLSPRING COMPONENTS LLC

SOLAR & ENERGY SERVICES

$219K

PARAMOUNT HEALTH DATA PROJECT

SCHOOL DATA SUPPORT

$124K

Grants received

Showing 40 of 40

FromAmountPurposeYear
$735K
CHARTER SCHOOL CAPACITY-BUILDING
2024
$410K
CAPACITY BUILDING AWARD ($400K) + SCHOOL SUPPORT AWARD ($10K)
2024
$350K
CHARTER SCHOOL GROWTH
2024
$50K
To Be Used at the Organization's Discretion
2024
$1.1M
THE GRANT IS PROVIDED TO ASSIST PARAMOUNT SCHOOLS OF EXCELLENCE IN FURTHERING ITS EDUCATIONAL AND CHARITABLE PURPOSES UNDER CODE SECTION 501(C)(3). SPECIFICALLY, THE MIND TRUST SEEKS TO ASSIST PARAMOUNT SCHOOLS OF EXCELLENCE IN THEIR NETWORK GROWTH THROUGH LAUNCHING AN ALL-GIRLS STEM SCHOOL IN FALL 2024 IN PARTNERSHIP WITH GIRL SCOUTS OF CENTRAL INDIANA.
2023
$450K
CHARTER SCHOOL GROWTH
2023
$400K
CHARTER SCHOOL GROWTH
2023
$120K
IMPACT AND INNOVATION
2023
$20K
SUMMER YOUTH PROGRAM
2023
$11K
SUMMER YOUTH PROGRAM
2023
$400K
SEE ATTACHED
2022
$150K
CHARTER SCHOOL CAPACITY-BUILDING
2022
$75K
CHARTER SCHOOL CAPACITY-BUILDING
2022
$50K
Reaching More Underserved Youth in Indianapolis
2022
$10K
SUMMER YOUTH PROGRAM
2022
$10K
SUMMER YOUTH PROGRAM
2022
$450K
CHARTER SCHOOL GROWTH
2021
$71K
PROVIDED NEEDED SUPPLIES TO STUDENTS IN NEED
2021
$10K
SUMMER YOUTH PROGRAM
2021
$5K
SUMMER YOUTH PROGRAM
2021
$760K
SEE ATTACHED
2020
$670K
ASSISTANCE TO SCHOOL
2020
$150K
CHARTER SCHOOL GROWTH
2020
$60K
PANDEMIC RELIEF - REMOTE LEARNING
2020
$50K
CHARTER SCHOOL GROWTH
2020
$20K
PANDEMIC RELIEF - REMOTE LEARNING
2020
$20K
PANDEMIC RELIEF - REMOTE LEARNING
2020
$15K
PROGRAM AND/OR OPERATING SUPPORT
2020
$10K
SUMMER YOUTH PROGRAM
2020
$9K
SUMMER YOUTH PROGRAM
2020
$61K
ASSISTANCE TO SCHOOL
2019
$27K
COVID-19 EMERGENCY FUND
2019
$22K
EMPOWER INDIANA
2019
$250K
CHARTER SCHOOL GROWTH
2018
$32K
ASSISTANCE TO SCHOOL
2018
$9K
SUMMER YOUTH PROGRAM
2018
$8K
SUMMER YOUTH PROGRAM
2018
$27K
ASSISTANCE TO SCHOOL
2017

Funded by

$10.1M from 10 funders · 40 grants · 2017–2024

Charter Fund Inc

$3.3M · 14 grants · 2018–2024

National Philanthropic Trust

$3M · 1 grant · 2022

The Mind Trust Inc

$2.7M · 4 grants · 2020–2024

Teachers' Treasures Inc

$860K · 5 grants · 2017–2021

Lilly Endowment Inc

$102K · 10 grants · 2018–2023

Central Indiana Community Foundation Inc

$100K · 2 grants · 2022–2024

Louis Calder Foundation

$27K · 1 grant · 2019

Details

EIN263890401
NTEE codeB29
Subsection03
Ruling date2009-07
Formed2009
Employees378
Volunteers50
PARAMOUNT SCHOOL OF EXCELLENCE INCORPORATED — Mission, Financials & Grants Received | Grantivo