Aristoi Classical Academy Inc
Nonprofit profile at a glance
- EIN
- 760495959
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Katy, TX, USA
- Phone
- 2813915003
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Elementary, Secondary Education, K - 12
Reported finances
- Revenue
- $18,356,635
- Expenses
- $17,836,441
- Assets
- $21,119,615
- Liabilities
- $13,033,760
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- BARBARA HAVLIK (PRESIDENT)
- KYLE SNOW (VICE PRESIDENT)
Highest reported compensation
- CHRISTI LESTER (CHIEF OPERATIONS OFFICER): $85,840 total reported compensation
- JOANNE BRAVO (CHIEF FINANCIAL OFFICER): $21,985 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to provide our students with an academically challenging classical liberal arts education that encourages them to develop a passion for learning that gives them the means to become responsible citizens of virtuous character.
What it reported doing in 2024
Aristoi successfully provides a classical liberal arts education focusing on the classical ideas of truth, goodness, and beauty to more than 1,700 students, while continuing to meet all state and federal mandated academic standards.
Operating model
- Revenue model
- Earned-program. 89% of the money available for current operations came from fees and other program revenue.
- 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 - 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 expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 47
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.6%; rating input score 82
- Program expense ratio: 84.3%; rating input score 84
- Fundraising efficiency: $15.12 raised per $1 spent on fundraising; rating input score 50; 50th percentile among comparable filings
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: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th 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: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 2.8%; rating input score 46; 46th percentile among comparable filings
- Total-asset coverage ratio: 1.18; rating input score 42; 42nd percentile among comparable filings
- Liabilities to assets ratio: 0.62; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 0.6%; rating input score 89; 89th percentile among comparable filings
Growth
- Program expense growth: 13.3% per year; rating input score 100; 80th percentile among comparable filings
- Revenue growth: 13.6% per year; rating input score 100; 84th percentile among comparable filings
- Asset growth: 14% per year; rating input score 100; 78th percentile among comparable filings
Details
- Where the money goes: 81.6% of revenue deployed · 84.3% of spending went to programs
- Governance: 7 of 7 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $15M in reported program spending
- Leadership: top reported pay $86K · 10 people listed
- Highest-paid contractors: 5 contractors listed · $1.3M reported
- Consistency: 28 of 28 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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 — Financial Efficiency: Fundraising efficiency scored 50/100.
- Moderate — Sustainability: Operating margin scored 46/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.