Episcopal Collegiate School
Nonprofit profile at a glance
- EIN
- 621714575
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Little Rock, AR, USA
- Phone
- 5013721194
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Elementary, Secondary Education, K - 12
- Affiliation
- Christianity
Reported finances
- Revenue
- $20,148,533
- Expenses
- $20,036,243
- Assets
- $136,235,477
- Liabilities
- $15,619,814
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- HARRIET STEPHENS (VICE PRESIDENT)
- JOAN STRAUSS (PRESIDENT)
- MICHELLE CARNEY (VICE PRESIDENT)
Highest reported compensation
- DR JAMIE GRIFFIN (HEAD OF SCHOOL): $413,906 total reported compensation
- TOM CHARLTON (DIRECTOR OF FINANCE & OPER): $236,651 total reported compensation
- CHUCK MCCORMICK (HEAD OF MIDDLE SCHOOL): $168,198 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To establish, conduct, manage, and maintain a school for the education and instruction of students in grades pk3 through 12.
What it reported doing in 2024
Operated a school for the education and instruction of students in grades pk3 through 12. The school served 837 students during the year.
Operating model
- Revenue model
- Earned-program. 72% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 79
- Accountability: 84
- Sustainability: 56
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.1%; rating input score 81
- Program expense ratio: 81.4%; rating input score 81
- Fundraising efficiency: $15.55 raised per $1 spent on fundraising; rating input score 51; 51st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0.6%; rating input score 35; 35th percentile among comparable filings
- Total-asset coverage ratio: 6.8; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 71; 71st percentile among comparable filings
- Officer compensation ratio: 5.7%; rating input score 45; 45th percentile among comparable filings
Growth
- Program expense growth: 3.7% per year; rating input score 100; 31st percentile among comparable filings
- Revenue growth: 3.6% per year; rating input score 100; 31st percentile among comparable filings
- Asset growth: 0.3% per year; rating input score 100; 11th percentile among comparable filings
Details
- Where the money goes: 81.1% of revenue deployed · 81.4% of spending went to programs
- Governance: 17 of 17 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $16.3M in reported program spending
- Leadership: top reported pay $414K · 22 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.7M reported
- Consistency: 38 of 38 current checks pass
- Schedules: 11 filed schedules · includes major donors, grants, and executive pay
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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 — Accountability: Governance controls: 3 of 8 not reported.
- Review — Financial Efficiency: Fundraising efficiency scored 51/100.
- Moderate — Sustainability: Operating margin scored 35/100.
- Moderate — Sustainability: Officer compensation ratio scored 45/100.