Eagle Arts Academy Inc

Nonprofit profile at a glance

EIN
462397280
IRS 990 coverage
2015–2016
Forms available
Form 990 2016
Location
Wellington, FL, USA
Phone
5614124087
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts Education

Official website

Reported finances

Revenue
$5,358,637
Expenses
$5,540,594
Assets
$268,349
Liabilities
$398,058

Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • GREGORY BLOUNT (Executive Director)

People named in this filing

  • GREGORY BLOUNT (Executive Director)
  • TIMOTHY QUINN (Chair)
  • DR JON ROBERTSON (Member)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To operate a public charter school

What it reported doing in 2016

To educate the whole child using a challenging 21st century curriculum that focuses on the arts. An arts-infused curriculum provides opportunity for intellectual, emotional, aethetic, and social growth while cultivating essential skills and while enhancing a child's creativity and imagination. Our innovative facilities will provide practical knowledge and hands on experience in the performing and production arts ina caring and supportive academic environment. A broader, integrated curriculum will provide students with multiple experiences so that they can grow into accomplished, successful young adults.

Operating model

Revenue model
Earned-program. 96% 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

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: 86
  • Transparency & Controls: 100
  • Accountability: 95
  • Sustainability: 11
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 97.9%; rating input score 98
  • Program expense ratio: 94.7%; rating input score 95
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Limited
    • 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: -3.4%; rating input score 22; 22nd percentile among comparable filings
  • Total-asset coverage ratio: 0.05; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: 1.48; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: 15.5% per year; rating input score 100; 81st percentile among comparable filings
  • Revenue growth: 5.1% per year; rating input score 100; 55th percentile among comparable filings
  • Asset growth: -55.2% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 97.9% of revenue deployed · 94.7% of spending went to programs
  • Governance: 5 of 5 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $5.2M in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Highest-paid contractors: 4 contractors listed · $1.5M reported
  • Consistency: 16 of 16 current checks pass
  • Schedules: 6 filed schedules
  • Filing history: 2 filing years from 2015 to 2016
  • Contacts: How to reach this organization
  • 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 22/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • Review — Accountability: Governance controls: Whistleblower policy not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.