Southwest Charter Foundation Inc
Overview
Mission
The foundation provides high quality schools with an unwavering dedication to student achievement unyielding commitment to ethical and sound business practices providing a choice for communities, parents, students and professionals that fosters educational excellence in america.
What it reported doing in 2024
Operation of seven schools in various Florida counties, providing the highest quality education from pre-kindergarten through twelfth (k-12) grade.
Operating model
- Revenue model
- Donor-supported. 96% of the money available for current operations came from contributions.
- Distribution model
- Direct operator. The nonprofit carried out 100% of its reported program work directly.
Nonprofit profile at a glance
- EIN
- 010561262
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Headquarters
- Fort Lauderdale, FL, USA
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for setting executive pay and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 69
- Accountability: 84
- Sustainability: 44
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.8%; rating input score 89
- Program expense ratio: 89.5%; rating input score 90
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 71st percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 76th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 62
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 1%; rating input score 37; 37th percentile among comparable filings
- Operating reserve ratio: 1.79; rating input score 58; 58th percentile among comparable filings
- Liabilities to assets ratio: 1.01; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 1.1%; rating input score 72; 72nd percentile among comparable filings
Growth
- Program expense growth: 10.4% per year; rating input score 100; 75th percentile among comparable filings
- Revenue growth: 5.5% per year; rating input score 100; 47th percentile among comparable filings
- Asset growth: 5.3% per year; rating input score 100; 39th percentile among comparable filings
Details
- Where the money goes: 88.8% of revenue deployed · 89.5% of spending went to programs
- Governance: 7 of 7 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $89.7M in reported program spending
- Leadership: top reported pay $189K · 15 people listed · 0 of 6 pay-setting controls reported
- Consistency: 33 of 33 current checks pass
- Schedules: 8 filed schedules · includes major donors and executive pay
- Filing history: 15 annual filings from 2009 to 2024
- Money network: 8 filed money-flow records
- Related organizations: 1 filed related-organization link