Blackstone Academy Charter School Inc
Nonprofit profile at a glance
- EIN
- 800025718
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Pawtucket, RI, USA
- Phone
- 4017261750
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $7,105,613
- Expenses
- $7,190,308
- Assets
- $8,251,441
- Liabilities
- $3,800,425
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- MELISSA FLAHERTY (PRESIDENT)
- CAROLYN SHEEHAN (EXECUTIVE DIRECTOR)
Highest reported compensation
- KYLEEN CARPENTER (HEAD OF SCHOOL): $129,444 total reported compensation
- CAROLYN SHEEHAN (EXECUTIVE DIRECTOR): $127,592 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of blackstone academy is to build a small community of learners and leaders that fosters independent inquiry, teamwork, communication, and problem solving.
What it reported doing in 2024
The central purpose of blackstone academy charter school is to develop high school students who graduate equipped to be problem solvers in their own lives. They must be able to positively influence their immediate environment as well as the larger community. Community involvement and community improvement are key themes at bacs. In order to reach these goals, they must be proficient in key academic skills, but also be able to apply their learning in everyday situations. During the last school year, the faculty and staff were laser focused on completing a proficiency based assessment and grading system that had been developed over several years but was just being fully implement. This change means that all learners are now assessed primarily on what they can demonstrate, they know and can apply. The new system does not give students a letter grade but a number representative of meeting /exceeding standard or approaching or not meeting standard. The system has been built to be fully transparent, so that students, parents and supporting staff members can clearly understand where a student stands at any given time and what they need to do to meet proficiency. It is our on-going goal to continue to evaluate and improve the assessment system. However, department and professional learning group feedback indicates that teachers are now more aligned than ever in their approach to curriculum, assessment and in judging the rigor of student work. This initiative was in its final year of funding support by the barr foundation.the barr funding was also supplementing the school's access to a consulting coordinator courtney jacobs who sheparaded the launch of proficiency based grading, the participation of 100 students in a blackstone focused leadership summit and a well-attended series of school improvement team meetings that provided a diversity of perspectives and ideas for our school improvement plan. A grant from the state department of education allowed us to continue support of a math coach and a five-year literacy improvement grant was won for the following school year. These pieces of support were crucial at a time when generous covid-era essa funding was coming to an end and the school was having to downsize supplemental staff support to students. The school also continued to improve our student's involvement in community post-covid by getting students interested and skillful in solving community problems. This was done both through coursework and required social action projects such as service-learning projects junior year and senior research papers and social action projects senior year. Despite this being the first year when all of the colleges and universities requiring standardized test scores for college admission pre-covid, returned to that requiredment, the class of 2025 were admitted to a number of highly competitive colleges including yale university, for the class of 2024 included a number of very competitive colleges including boston college, boston university, brandeis university, clark university, , providence college, and yale university to name a few. Over 80% of the graduating class attended a two- or four-year college in the fall of 2025. Nearly all members of the graduating class were first in their family to attend college some students will attend the community college of ri for two years as all students in Rhode Island are now given free tuition for the first two years there. Most students will be able to attend four-year colleges due to a combination of merit scholarships and need-based aid. Eight students completed a pre-apprenticeship program with the state of Rhode Island and general dynamics which enabled all of them to go on to high paying positions at electric boat. Blackstone had the 2nd highest percentage of students statewide completing the program. Finally, blackstone academy had the third highest percentage of graduating seniors in the state qualify for a seal of biliteracy, establishing their profi
Operating model
- Revenue model
- Earned-program. 87% 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: 78
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 36
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.4%; rating input score 85
- Program expense ratio: 84.6%; rating input score 85
- Fundraising efficiency: $5.46 raised per $1 spent on fundraising; rating input score 19; 19th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- 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: -1.2%; rating input score 29; 29th percentile among comparable filings
- Total-asset coverage ratio: 1.15; rating input score 42; 42nd percentile among comparable filings
- Liabilities to assets ratio: 0.46; rating input score 23; 23rd percentile among comparable filings
- Officer compensation ratio: 3.6%; rating input score 64; 64th percentile among comparable filings
Growth
- Program expense growth: 9.2% per year; rating input score 100; 61st percentile among comparable filings
- Revenue growth: 8.8% per year; rating input score 100; 64th percentile among comparable filings
- Asset growth: 13.6% per year; rating input score 100; 71st percentile among comparable filings
Details
- Where the money goes: 85.4% of revenue deployed · 84.6% of spending went to programs
- Governance: 12 of 12 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $6.1M in reported program spending
- Leadership: top reported pay $129K · 13 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 14 filing years from 2011 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.
- High — Financial Efficiency: Fundraising efficiency scored 19/100.
- High — Sustainability: Operating margin scored 29/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
- High — Sustainability: Liabilities to assets ratio scored 23/100.