Bacone College
Nonprofit profile at a glance
- EIN
- 730590036
- IRS 990 coverage
- 2009–2020
- Forms available
- Form 990 2020
- Location
- Muskogee, OK, USA
- Phone
- 9187817216
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community or Junior Colleges
- Affiliation
- Christianity
Reported finances
- Revenue
- $8,025,593
- Expenses
- $9,129,791
- Assets
- $7,822,157
- Liabilities
- $1,876,268
Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- FERLIN CLARK (PRESIDENT)
- JEROME STEELE (VICE PRESIDENT OF FINANCE/CFO)
Highest reported compensation
- FERLIN CLARK (PRESIDENT): $173,312 total reported compensation
- JEROME STEELE (VICE PRESIDENT OF FINANCE/CFO): $94,841 total reported compensation
- LEROY THOMPSON (VP OF ACADEMIC AFFAIRS): $71,291 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Bacone college, an independent institution related to the american baptist churches, USA, maintains its commitment to serving american indians within a culturally diverse community. The college, through its baccalaureate and associate degree programs, challenges students to develop intellectual and social skills, spiritual values and healthy lifestyles by providing quality education in a nurturing christian environment.
What it reported doing in 2020
Program costs related to liberal arts, career and continuing education programs.
Operating model
- Revenue model
- Earned-program. 64% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 61% for direct work, and 39% for grants.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 50
- Transparency & Controls: 79
- Accountability: 91
- Sustainability: 25
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.9%; rating input score 59
- Program expense ratio: 51.8%; rating input score 52
- 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: 100%; rating input score 100; 71st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -13.8%; rating input score 7; 7th percentile among comparable filings
- Total-asset coverage ratio: 0.86; rating input score 31; 31st percentile among comparable filings
- Liabilities to assets ratio: 0.24; rating input score 42; 42nd percentile among comparable filings
- Officer compensation ratio: 3.7%; rating input score 62; 62nd percentile among comparable filings
Growth
- Program expense growth: -16.2% per year; rating input score 0; 3rd percentile among comparable filings
- Revenue growth: -9.5% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: -7.9% per year; rating input score 0; 3rd percentile among comparable filings
Details
- Where the money goes: 58.9% of revenue deployed · 51.8% of spending went to programs
- Governance: 10 of 10 board members independent · 7 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $4.7M in reported program spending
- Leadership: top reported pay $173K · 15 people listed · 1 of 6 pay-setting controls reported
- Consistency: 27 of 27 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 12 filing years from 2009 to 2020
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Financial Efficiency: Mission deployment rate scored 59/100.
- Review — Financial Efficiency: Program expense ratio scored 52/100.
- High — Sustainability: Operating margin scored 7/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 42/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.