Can Academy Inc
Nonprofit profile at a glance
- EIN
- 450704392
- IRS 990 coverage
- 2016–2019
- Forms available
- Form 990 2019
- Location
- Savannah, GA, USA
- Phone
- 9123550709
- Rating
- 43
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Primary, Elementary Schools
Reported finances
- Revenue
- $433,959
- Expenses
- $300,348
- Assets
- $95,966
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- KENDRA CARTER (PRESIDENT)
Highest reported compensation
- KENDRA CARTER (PRESIDENT): $40,000 total reported compensation
- TONY HILL (ASST ADMINIST): $40,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Quality education to student for pre-k, k, 1-12 for student who require chaallenges to keep them engaged in the academy program
What it reported doing in 2019
Adult education
Operating model
- Revenue model
- Grant-funded. 94% 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
MIXED - The filed numbers largely add up and revenue has grown recently. 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: 19
- Transparency & Controls: 80
- Accountability: 28
- Sustainability: 57
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 7.6%; rating input score 8
- Program expense ratio: 11%; rating input score 11
- Fundraising efficiency: $636.89 raised per $1 spent on fundraising; rating input score 97; 97th percentile among comparable filings
Transparency & Controls
- Consistency checks: 88.9%; rating input score 89; 4th 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: 0%; rating input score 0; 6th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- 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: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 30.8%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 0.32; rating input score 17; 17th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 84; 84th percentile among comparable filings
- Officer compensation ratio: 26.6%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: -73.1% per year; rating input score 0; 1st percentile among comparable filings
- Revenue growth: 19.9% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: 9.7% per year; rating input score 100; 69th percentile among comparable filings
Details
- Where the money goes: 7.6% of revenue deployed · 11% of spending went to programs
- Governance: 0 of 1 board members independent · 6 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $29K in reported program spending
- Leadership: top reported pay $40K · 2 people listed
- Consistency: 19 of 20 current checks pass · 1 finding to review
- Schedules: 4 filed schedules
- Filing history: 4 filing years from 2016 to 2019
- 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: Mission deployment rate scored 8/100.
- High — Financial Efficiency: Program expense ratio scored 11/100.
- High — Accountability: Independent voting board scored 0/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Transparency & Controls: Schedule D land buildings reconciliation did not reconcile in the filed values.
- High — Sustainability: Total-asset coverage ratio scored 17/100.
- High — Sustainability: Officer compensation ratio scored 14/100.