Academics Plus Charter Schools Inc
Nonprofit profile at a glance
- EIN
- 731574195
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024
- Location
- Maumelle, AR, USA
- Phone
- 5018039730
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Secondary, High School
Reported finances
- Revenue
- $21,593,542
- Expenses
- $21,935,775
- Assets
- $6,777,571
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- ROB MCGILL (CEO)
Highest reported compensation
- ROB MCGILL (CEO): $182,314 total reported compensation
- KYRON JONES (Chief Operating Officer): $124,409 total reported compensation
- KARA MARTIN (CFO): $105,346 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of Academics Plus Charter School is to provide an academically rigorous college preparatory program for all the students regardless of race, ethnic origins, national background, or socioeconomic level. We believe that attitude, behavior, effort and attendance, as well as, ability determines academic success.
What it reported doing in 2024
Charter school for grades K-12.
Operating model
- Revenue model
- Grant-funded. 90% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 66
- Accountability: 86
- Sustainability: 35
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.5%; rating input score 85
- Program expense ratio: 84%; rating input score 84
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -1.6%; rating input score 25; 25th percentile among comparable filings
- Total-asset coverage ratio: 0.31; rating input score 8; 8th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 99; 99th percentile among comparable filings
- Officer compensation ratio: 1.9%; rating input score 78; 78th percentile among comparable filings
Growth
- Program expense growth: 10.2% per year; rating input score 100; 71st percentile among comparable filings
- Revenue growth: 9.9% per year; rating input score 100; 74th percentile among comparable filings
- Asset growth: 4.6% per year; rating input score 100; 33rd percentile among comparable filings
Details
- Where the money goes: 85.5% of revenue deployed · 84% of spending went to programs
- Governance: 8 of 8 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $18.4M in reported program spending
- Leadership: top reported pay $182K · 11 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $4.1M reported
- Consistency: 41 of 41 current checks pass
- Schedules: 6 filed schedules · includes executive pay
- Filing history: 7 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- High — Sustainability: Operating margin scored 25/100.
- High — Sustainability: Total-asset coverage ratio scored 8/100.