Acceleration Educational Services Inc

Nonprofit profile at a glance

EIN
463428025
IRS 990 coverage
2017–2018
Forms available
Form 990 2018, Form 990-EZ 2013
Location
Bokeelia, FL, USA
Phone
2395995346
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Secondary, High School

Reported finances

Revenue
$508,853
Expenses
$675,629
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • PATRICIA LIGHTNER (PRESIDENT)

Highest reported compensation

  • PATRICIA LIGHTNER (PRESIDENT): $48,546 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To foster a community of student learners who are focused on developing the necessary inner resources, responsibilty & personal commitment for academic, social & personal change.

What it reported doing in 2018

The exempt purpose of the organization is to operate a non-profit charter school with a unique education plan. The educational program is designed for students in grades 6-8 who have been unsuccessful, in danger of failing, have failed, been retained or are over-aged in middle school. All students take baseline reading, math and writing tests designed to determine basic subject area academic skills. These tests assist with customizing the students' learning plans with respect to grade level expectations and academic levels. In fiscal year ended june 30,2019, the school served 64 students.

Operating model

Revenue model
Earned-program. 86% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 93% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 93
  • Accountability: 100
  • Sustainability: 7
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 97.1%; rating input score 97
  • Program expense ratio: 74.2%; rating input score 74
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 74th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -32.8%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 7.2%; rating input score 47; 47th percentile among comparable filings

Growth

  • Program expense growth: -9.5% per year; rating input score 0; 8th percentile among comparable filings
  • Revenue growth: -33.4% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: 21.4% per year; rating input score 100; 85th percentile among comparable filings

Details

  • Where the money goes: 97.1% of revenue deployed · 74.2% of spending went to programs
  • Governance: 5 of 5 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $501K in reported program spending
  • Leadership: top reported pay $49K · 6 people listed
  • Consistency: 16 of 16 current checks pass
  • Schedules: 5 filed schedules · includes grants
  • Filing history: 2 filing years from 2017 to 2018
  • Contacts: How to reach this organization
  • Money network: 2 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.

  • High — Sustainability: Operating margin scored 4/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 47/100.