Berkeley Charter Education Association I

Nonprofit profile at a glance

EIN
811188857
IRS 990 coverage
2016–2024
Forms available
Form 990 2024
Location
Goose Creek, SC, USA
Phone
8438065909
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Charter Schools

Official website

Reported finances

Revenue
$24,367,456
Expenses
$25,954,732
Assets
$31,187,857
Liabilities
$33,832,475

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • STEWART WEINBERG PHD (PRESIDENT)
  • CHERYL HOLLIS (VICE-PRESIDENT)

People named in this filing

  • STEWART WEINBERG PHD (PRESIDENT)
  • CHERYL HOLLIS (VICE-PRESIDENT)
  • BRIAN WILLIAMS (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide world-class educational solutions with: an unwavering dedication to student success an unyielding commitment to ethical and sound business practicesproviding a choice for our stakeholders that fosters and promotes educational excellence.

What it reported doing in 2024

See schedule othe organization operates three tuition-free public charter schools in South Carolina--mevers school of excellence, berkeley preparatory academy and willie jeffries school of excellence.mevers school of excellence was established in august 2016. During the 2024-25 school year it served approximately 765 students from kindergarten to eighth grade in berkeley county, South Carolina.berkely preparatory academy opened august 2021 and during the 2024-25 school year enrolled approximately 760 students from kindergarten to eighth grade in berkeley county, South Carolina. For willie jeffries school of excellence, the 2024-25 school was its first year operating as a public charter school. During this year it served approximately 275 students from kindergarten to sixth grade in orangeburg county, South Carolina.

Operating model

Revenue model
Grant-funded. 93% 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 90
  • Accountability: 82
  • Sustainability: 31
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.5%; rating input score 77
  • Program expense ratio: 71.8%; rating input score 72
  • 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: 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: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -6.5%; rating input score 14; 14th percentile among comparable filings
  • Total-asset coverage ratio: 1.2; rating input score 43; 43rd percentile among comparable filings
  • Liabilities to assets ratio: 1.08; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 96; 96th percentile among comparable filings

Growth

  • Program expense growth: 25% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 21.5% per year; rating input score 100; 93rd percentile among comparable filings
  • Asset growth: 16.1% per year; rating input score 100; 83rd percentile among comparable filings

Details

  • Where the money goes: 76.5% of revenue deployed · 71.8% of spending went to programs
  • Governance: 8 of 8 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $18.6M in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Highest-paid contractors: 5 contractors listed · $5.2M reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 9 filing years from 2016 to 2024
  • 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.

  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Sustainability: Operating margin scored 14/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.