Alternative Educational Programming Inc

Nonprofit profile at a glance

EIN
050516529
IRS 990-EZ coverage
2010–2014
Forms available
Form 990-EZ 2014
Location
Providence, RI, USA
Phone
4012775261
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Elementary, Secondary Education, K - 12

Reported finances

Revenue
$84,799
Expenses
$81,025
Assets
$18,253
Liabilities
$8,900

Source: IRS Form 990-EZ. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • AUBREY L LOMBARDO (President)
  • MARK ROSARIO (Vice President)

People named in this filing

  • AUBREY L LOMBARDO (President)
  • MARK ROSARIO (Vice President)
  • MARIA DAGARCIA (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide educational programs to students who need assistance with course work and/or minority or disadvantaged students who may need financial or other assistance to obtain an education. To work with educational and Social Service Agencies in providing educational opportunities to students. To work with Governmental Agencies in providing educational programming. To accept funds from governmental, Nonprofit and Granting organizations as well as individuals. Provide Tutorial Services for Students.

What it reported doing in 2014

Tuition and related fees and expenses were paid for 44 students from July 1, 2014 through June 30, 2015.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 100
  • Sustainability: 39
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.3%; rating input score 76
  • Program expense ratio: 79.8%; rating input score 80

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 4.5%; rating input score 54; 54th percentile among comparable filings
  • Total-asset coverage ratio: 0.23; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 0.49; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: -13.1% per year; rating input score 0; 29th percentile among comparable filings
  • Revenue growth: -8.3% per year; rating input score 0; 33rd percentile among comparable filings
  • Asset growth: 46.1% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 76.3% of revenue deployed · 79.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $65K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2010 to 2014
  • Contacts: How to reach this organization
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • Review — Sustainability: Operating margin scored 54/100.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.
  • Review — Sustainability: Officer compensation ratio scored 57/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.