Clare Swan Early Learning Center
Nonprofit profile at a glance
- EIN
- 824315629
- IRS 990 coverage
- 2017–2023
- Forms available
- Form 990 2023
- Location
- Anchorage, AK, USA
- Phone
- 9077933132
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Youth Centers, Clubs
Reported finances
- Revenue
- $5,026,139
- Expenses
- $5,099,630
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
7 people listed
Highest reported compensation
- Gloria O'Neill (Director): $786,206 total reported compensation
- Marianne Fanger (Director): $165,713 total reported compensation
- John Estabrook Jr (Chair): $23,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Clare swan early learning center is honored to partner with our community to help our children and their families become strong and healthy. We are honored to serve Alaska native and american indian children ages 6 weeks to 36 months (3 years) of age. Classrooms feature a one-to-four teacher-children ratio for quality, focusedlearning.
What it reported doing in 2023
Combining the strengths of the early head start educational model, the clare swan early learning center provides for the needs of working families beyond simple child care. Over 30 staff members come together to implement the research-based early head start curriculum that emphasizes the importance of responsive and caring relationships to support the optimal development of infants and toddlers. This is a critical component of our program. Clare swan early learning center also provides child development information and performs periodic assessments to track children's development through their stages of growth. Our center encourages families to participate in their child's education as well as supporting our families' goals.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 98% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 79
- Accountability: 47
- Sustainability: 21
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99.9%; rating input score 100
- Program expense ratio: 98.4%; rating input score 98
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Pass
- 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: 16.7%; rating input score 17; 6th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -1.5%; rating input score 30; 30th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 4.5%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 15.6% per year; rating input score 100; 79th percentile among comparable filings
- Revenue growth: 13.4% per year; rating input score 100; 78th percentile among comparable filings
- Asset growth: -6.5% per year; rating input score 0; 3rd percentile among comparable filings
Details
- Where the money goes: 99.9% of revenue deployed · 98.4% of spending went to programs
- Governance: 1 of 6 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $5M in reported program spending
- Leadership: top reported pay $786K · 7 people listed · 2 of 6 pay-setting controls reported
- Consistency: 26 of 26 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 7 filing years from 2017 to 2023
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Accountability: Independent voting board scored 17/100.
- Moderate — Sustainability: Operating margin scored 30/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Accountability: Governance controls: Board meeting minutes documented not reported.
- Review — Sustainability: Officer compensation ratio scored 56/100.