Concept Schools Nfp

Overview

Mission

The primary purpose of the organization is to operate charter schools and provide oversight and supervision over the educational, technical and administrative functions of its member charter schools.

What it reported doing in 2024

Charter school operation and management services to its member charter schools.

Operating model

Revenue model
Earned-program. 90% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The nonprofit carried out 99% of its reported program work directly.

Nonprofit profile at a glance

EIN
030503751
IRS 990 coverage
2014–2024
Forms available
Form 990 2024, Form 990-N 2018
Headquarters
Schaumburg, IL, USA
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Education

Official website

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The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and the filing reports few safeguards for setting executive pay.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 76
  • Accountability: 91
  • Sustainability: 64
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.9%; rating input score 83
  • Program expense ratio: 94.8%; rating input score 95
  • Fundraising efficiency: $5.45 raised per $1 spent on fundraising; rating input score 23; 23rd percentile among comparable filings

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: 99.8%; rating input score 100; 44th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100
  • 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: 7 of 9 controls in place; rating input score 78
  • Public governance controls: Limited
  • Zakat policy transparency: Limited

Sustainability

  • Operating margin: 9.2%; rating input score 70; 70th percentile among comparable filings
  • Operating reserve ratio: 1.9; rating input score 60; 60th percentile among comparable filings
  • Liabilities to assets ratio: 0.24; rating input score 63; 63rd percentile among comparable filings
  • Officer compensation ratio: 2.4%; rating input score 48; 48th percentile among comparable filings

Growth

  • Program expense growth: 10% per year; rating input score 100; 74th percentile among comparable filings
  • Revenue growth: 10.9% per year; rating input score 100; 80th percentile among comparable filings
  • Asset growth: 23.6% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: 82.9% of revenue deployed · 94.8% of spending went to programs
  • Governance: 7 of 7 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $58.9M in reported program spending
  • Leadership: top reported pay $244K · 15 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 11 annual filings from 2014 to 2024
  • Money network: 9 filed money-flow records
  • Related organizations: 2 filed related-organization links