Educational Harbor Inc
Nonprofit profile at a glance
- EIN
- 474468310
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024, Form 990-N 2016
- Location
- Palmetto, FL, USA
- Phone
- 7275122743
- Rating
- 60
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $341,905
- Expenses
- $329,263
- Assets
- $124,989
- Liabilities
- $19,386
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Highest reported compensation
- Stacey Mayo (Principal): $67,840 total reported compensation
- Tina Donnelly (Treasurer): $67,760 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our Vision is to serve students family, and faculty inspiring them to reach their fullest potential through a lifelong love of learning and of Christ. Our Mission is to provide quality Christian education that is individualized research-based and community-supported.
What it reported doing in 2024
We operate a private educational program Monday through Friday with schedules adjusted to meet the needs of the communitres we serve. Our programming centers on academic instruction enrichment courses and individualized tutoring To further support our educational mission we collaborate with other educatronal groups and organizations to expand learning opporlunities beyond our campus. These partnerships ___ _ allow us to incorporate structured fild trips that reinfornce classroom instructionand provide students with hands-on experimewntal learning alinged with educational objectives.
Operating model
- Revenue model
- Other-operating. 100% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 60
- Accountability: 50
- Sustainability: 31
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 69.9%; rating input score 70
- Program expense ratio: 72.6%; rating input score 73
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 50%; rating input score 50; 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: 3.7%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 0.38; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: 0.16; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 41.2%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: 3.9% per year; rating input score 100; 49th percentile among comparable filings
- Revenue growth: 6.9% per year; rating input score 100; 62nd percentile among comparable filings
- Asset growth: 27.6% per year; rating input score 100; 90th percentile among comparable filings
Details
- Where the money goes: 69.9% of revenue deployed · 72.6% of spending went to programs
- Governance: 2 of 4 board members independent · 4 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $239K in reported program spending
- Leadership: top reported pay $68K · 4 people listed · 0 of 6 pay-setting controls reported
- Consistency: 39 of 41 current checks pass · 2 findings to review
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 7 filing years from 2018 to 2024
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Independent voting board scored 50/100.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 48/100.
- High — Sustainability: Total-asset coverage ratio scored 19/100.
- High — Sustainability: Officer compensation ratio scored 6/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part IX PayrollTaxes column sum did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 22/100.