Black Latinx Asian Charter Collaborative
Nonprofit profile at a glance
- EIN
- 873571467
- IRS 990 coverage
- 2021–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $339,920
- Expenses
- $1,656,691
- Assets
- $280,530
- Liabilities
- $97,022
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Miriam Raccah (CEO)
- Jeremiah Grace (CEO)
Highest reported compensation
- Miriam Raccah (CEO): $210,783 total reported compensation
- Daniel R Lindsey (AVP): $120,278 total reported compensation
- Jeremiah Grace (CEO): $119,443 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Black Latinx Asian Charter Collaborative (the Organization") is a nonprofit organization dedicated to elevating charter schools founded and led by people of color in New York City. The organization represents educators and stakeholders in the community who, through our shared experiences, acknowledge a hopeful opportunity in the sector: community-based schools founded by leaders of color are powerful vehicles for change and progress.The organization exists to ensure that all families of color in the state of New York can access excellent, high-quality public charter schools that are (1)founded and led by Black, Latinx, and Asian people, (2)engaged in the community development, (3)have culturally responsive and innovative practices and, (4)provide a high-quality education to traditionally underserved communities to break the cycle of poverty and to foster an ecosystem that supports prosperity.The Organization is a membership-driven organization, currently representing over 20 Black, Lat
What it reported doing in 2024
Black Latinx Asian Charter Collaborative supports member schools to design, implement, study and share innovative practices.
Operating model
- Revenue model
- Membership-supported. 65% of the money available for current operations came from membership dues.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 77% for direct work, and 23% for grants.
The verdict
SUPPORTED - 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: 83
- Transparency & Controls: 75
- Accountability: 90
- Sustainability: 6
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 77.8%; rating input score 78
- Fundraising efficiency: $2.44 raised per $1 spent on fundraising; rating input score 11; 11th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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; 80th 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; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Fail
- 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: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -387.4%; rating input score 0; 0th percentile among comparable filings
- Total-asset coverage ratio: 0.17; rating input score 10; 10th percentile among comparable filings
- Liabilities to assets ratio: 0.35; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 27.2%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: 28.8% per year; rating input score 100; 90th percentile among comparable filings
- Revenue growth: -37.9% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: -27.6% per year; rating input score 0; 2nd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 77.8% of spending went to programs
- Governance: 7 of 7 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.3M in reported program spending
- Leadership: top reported pay $211K · 10 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $120K reported
- Consistency: 31 of 31 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Related organizations: 6 filed related-organization links
- 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 — Financial Efficiency: Fundraising efficiency scored 11/100.
- High — Sustainability: Operating margin scored 0/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 10/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 14/100.
- High — Sustainability: Officer compensation ratio scored 13/100.