Collegiate Hall Inc

Nonprofit profile at a glance

EIN
471393047
IRS 990 coverage
2015–2022
Forms available
Form 990 2022
Location
Tulsa, OK, USA
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Charter Schools

Official website

Reported finances

Revenue
$3,773,130
Expenses
$3,830,093
Assets
$306,153
Liabilities
$336,343

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • DELIA KIMBREL (PRESIDENT)

Highest reported compensation

  • OLIVIA MARTIN (HEAD OF SCHOOLS): $100,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

This school educates pre-kdg & 4-8th students for acceptance to, persistence in, and graduation from college. Equipped with a strong academic foundation and clear moral compass, our graduates rise above lifes challenges to lead in their communities, and throughout their careers.

What it reported doing in 2022

A charter school open to any student who wants to develop as a scholar and person. Upon acquisition of new building, membership has grown to 330 students. The school is fully enrolled in prek and 6th-8th grades with a few seats remaining in kdg and 4th grade. Plans are to add an elementary schol grade for the next three years as well as grow the capacity for additional students in all grades. By the 2024-25 school year, the school plans to enroll 600 students and serve as the model for charter school educational outsomes in the state. Students are drawn from early intervention programs such as cap and educare, in addition to early childhood classes. Pre-k and kdg students participated in outdoor map testing this fall and scored at the 85th percentile in math and the 75th percentile in language arts. The school is sharing date with colleagues at cap and educare to align metrics, programming and recruitment to set up students for academic success.

Operating model

Revenue model
Grant-funded. 81% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 100
  • Accountability: 95
  • Sustainability: 23
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86%; rating input score 86
  • Program expense ratio: 84.7%; rating input score 85
  • Fundraising efficiency: Limited

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; 64th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -1.5%; rating input score 28; 28th percentile among comparable filings
  • Total-asset coverage ratio: 0.08; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: 1.1; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 2.6%; rating input score 71; 71st percentile among comparable filings

Growth

  • Program expense growth: 21.8% per year; rating input score 100; 87th percentile among comparable filings
  • Revenue growth: 18.9% per year; rating input score 100; 86th percentile among comparable filings
  • Asset growth: 1.6% per year; rating input score 100; 20th percentile among comparable filings

Details

  • Where the money goes: 86% of revenue deployed · 84.7% of spending went to programs
  • Governance: 9 of 9 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $3.2M in reported program spending
  • Leadership: top reported pay $100K · 10 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 8 filing years from 2015 to 2022
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Sustainability: Operating margin scored 28/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.