Canterbury School Inc
Nonprofit profile at a glance
- EIN
- 351410931
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Fort Wayne, IN, USA
- Phone
- 2604324728
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- Elementary, Secondary Education, K - 12
- Affiliation
- Christianity
Reported finances
- Revenue
- $16,887,664
- Expenses
- $20,829,341
- Assets
- $30,811,194
- Liabilities
- $11,278,038
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
27 people listed
Highest reported compensation
- DAVID JACKSON (HEAD OF SCHOOL): $267,339 total reported compensation
- Matthew Cloud (Director of Advancement / Asst Head of School): $229,160 total reported compensation
- JERRY BELCHER (BUSINESS MANAGER): $134,448 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Canterbury school is an independent, coeducational day school offering a college-preparatory education to students in early childhood through grade 12. The school seeks to enroll students of diverse talents and backgrounds. Canterbury promotes the total development of each child in his or her intellectual, physical, social and spiritual growth.
What it reported doing in 2024
The goals of canterbury school are: provide a challenging educational program based on a strong college-preparatory curriculum; promote intellectual curiosity and creativity; develop critical thinking and problem solving skills; encourage students to develop their potential through participation in a full range of school programs and activities; nurture in each student self-confidence, self-worth and integrity; instill a sense of community responsibility and service; create an awareness of standards, obligations and enduring values of life. Enrollment for the 2024-2025 school year was approximately 625 students.
Operating model
- Revenue model
- Other-operating. 87% of the money available for current operations came from other operating revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 79% for direct work, and 21% 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: 79
- Transparency & Controls: 79
- Accountability: 98
- Sustainability: 29
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.1%; rating input score 93
- Program expense ratio: 75.3%; rating input score 75
- Fundraising efficiency: $4.79 raised per $1 spent on fundraising; rating input score 19; 19th percentile among comparable filings
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; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 95.7%; rating input score 96; 29th 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: -23.3%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 1.48; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: 0.37; rating input score 40; 40th percentile among comparable filings
- Officer compensation ratio: 3.6%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -0.5% per year; rating input score 0; 9th percentile among comparable filings
- Revenue growth: 2.6% per year; rating input score 100; 22nd percentile among comparable filings
- Asset growth: 2.2% per year; rating input score 100; 18th percentile among comparable filings
Details
- Where the money goes: 93.1% of revenue deployed · 75.3% of spending went to programs
- Governance: 22 of 23 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $15.7M in reported program spending
- Leadership: top reported pay $267K · 27 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed · $2.2M reported
- Consistency: 39 of 39 current checks pass
- Schedules: 10 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 4 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.
- High — Financial Efficiency: Fundraising efficiency scored 19/100.
- High — Sustainability: Operating margin scored 4/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 50/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 40/100.