Cyprus Schools Inc
Nonprofit profile at a glance
- EIN
- 273096670
- IRS 990 coverage
- 2012–2017
- Forms available
- Form 990 2017
- Location
- Apple Valley, MN, USA
- Phone
- 9522123761
- Rating
- 49
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Primary, Elementary Schools
Reported finances
- Revenue
- $404,071
- Expenses
- $406,554
- Assets
- $77,021
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Michelle M Wallick (CEO)
Highest reported compensation
- Michelle M Wallick (CEO): $12,274 total reported compensation
- Karen Gainor (Board Member & Teacher): $5,052 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide ability-based education to intellectually gifted children in order to challenge them to strive for excellence at their individual pace of learning within a small classroom environment.
What it reported doing in 2017
Providing ability based education to intellectually gifted children in order to challenge them to strive for excellence at their individual pace of learning within a small class environment.
Operating model
- Revenue model
- Earned-program. 93% 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
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 36
- Transparency & Controls: 75
- Accountability: 26
- Sustainability: 36
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 40.2%; rating input score 40
- Program expense ratio: 39.9%; rating input score 40
- 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: No; rating input score 0
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 6th percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -0.6%; rating input score 38; 38th percentile among comparable filings
- Total-asset coverage ratio: 0.19; rating input score 11; 11th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 85; 85th percentile among comparable filings
- Officer compensation ratio: 4.3%; rating input score 39; 39th percentile among comparable filings
Growth
- Program expense growth: 0.7% per year; rating input score 100; 42nd percentile among comparable filings
- Revenue growth: 2.2% per year; rating input score 100; 45th percentile among comparable filings
- Asset growth: 36.1% per year; rating input score 100; 94th percentile among comparable filings
Details
- Where the money goes: 40.2% of revenue deployed · 39.9% of spending went to programs
- Governance: 0 of 3 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $162K in reported program spending
- Leadership: top reported pay $12K · 3 people listed
- Consistency: 30 of 30 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 3 filing years from 2012 to 2017
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Financial Efficiency: Mission deployment rate scored 40/100.
- High — Accountability: Independent voting board scored 0/100.
- Moderate — Financial Efficiency: Program expense ratio scored 40/100.
- High — Transparency & Controls: Major donor itemization scored 0/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 38/100.
- High — Sustainability: Total-asset coverage ratio scored 11/100.
- Moderate — Sustainability: Officer compensation ratio scored 39/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.