Deutsche Schule Charlotte Inc
Nonprofit profile at a glance
- EIN
- 581388088
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023
- Location
- Charlotte, NC, USA
- Phone
- 7045414081
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $317,376
- Expenses
- $228,988
- Assets
- $312,274
- Liabilities
- $58,465
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- PATRICK OLDMANN (PRESIDENT THRU OCT 2024)
Highest reported compensation
- SIGRID BELLUZ (PRINCIPAL): $35,000 total reported compensation
- CHRISTIANE NEUMANN (TREASURER): $8,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The school is dedicated to fostering a vibrant and inclusive environment where students of all backgrounds can learn the german language and culture. Through exceptional saturday classes and a commitment to educational excellence, the school empowers students to embrace multilingualism, expand their global perspective, and strengthen their ties to the german-speaking world.
What it reported doing in 2024
School teaches approximately 150 children from pre-kindergarten through twelfth grade to speak, read, write, and understand the german language. The school aspires to be the leading institution for german language and cultural education in the region. By nurturing a lifelong love for learning, building strong connections within our community, and celebrating the richness of german heritage, the school aims to inspire future generations to thrive as global citizens.
Operating model
- Revenue model
- Earned-program. 77% 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
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. 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: 60
- Transparency & Controls: 92
- Accountability: 46
- Sustainability: 57
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.5%; rating input score 59
- Program expense ratio: 81.2%; rating input score 81
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 42.9%; rating input score 43; 16th percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 27.8%; rating input score 81; 81st percentile among comparable filings
- Total-asset coverage ratio: 1.36; rating input score 49; 49th percentile among comparable filings
- Liabilities to assets ratio: 0.19; rating input score 20; 20th percentile among comparable filings
- Officer compensation ratio: 18.8%; rating input score 20; 20th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 5.3% per year; rating input score 100; 54th percentile among comparable filings
- Asset growth: 1% per year; rating input score 100; 29th percentile among comparable filings
Details
- Where the money goes: 58.5% of revenue deployed · 81.2% of spending went to programs
- Governance: 3 of 7 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $186K in reported program spending
- Leadership: top reported pay $35K · 10 people listed
- Consistency: 20 of 20 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 59/100.
- Moderate — Accountability: Independent voting board scored 43/100.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
- High — Sustainability: Liabilities to assets ratio scored 20/100.
- High — Sustainability: Officer compensation ratio scored 20/100.