Saint Stephen's Episcopal School
Legal name: Episcopal Day Private School of Manatee County Inc
Nonprofit profile at a glance
- EIN
- 591301635
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Bradenton, FL, United States
- Phone
- 941.746.2121
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Elementary, Secondary Education, K - 12
- Affiliation
- Christianity
Reported finances
- Revenue
- $22,880,433
- Expenses
- $19,711,043
- Assets
- $38,165,461
- Liabilities
- $12,526,782
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
29 people listed
Executive titles in this filing
- Richard Lawrence (President)
- Melissa Harris (Vice President)
- Todd McClure (Vice President)
- Molly Buser (Vice President)
Highest reported compensation
- Peter Kraft (Head of School): $353,480 total reported compensation
- Jacqueline Howard (Former CFO): $175,233 total reported compensation
- Andrew Hasbrouck (IS Director): $144,342 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 mission of Saint Stephen’s Episcopal School is to provide a superior academic program that prepares each student for a college or university compatible with the individual’s academic ability, interest, and needs; instill a love of learning, respect for all members of the school community, and a fundamental sense of integrity; and provide a nurturing environment that values independence and self-worth, health and wellness, spiritual awareness, and responsible global citizenship.
What it reported doing in 2024
The School provides a superior education program for students from pre-kindergarten to 12th grade to prepare them for admittances to colleges or universities compatible with their abilities and interests.
Operating model
- Revenue model
- Earned-program. 78% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 86% 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. Fundraising costs are high for each dollar raised and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 86
- Accountability: 100
- Sustainability: 63
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.3%; rating input score 79
- Program expense ratio: 91.7%; rating input score 92
- Fundraising efficiency: $10.24 raised per $1 spent on fundraising; rating input score 39; 39th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.1%; rating input score 94; 20th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- 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: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- 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: 13.9%; rating input score 75; 75th percentile among comparable filings
- Total-asset coverage ratio: 1.94; rating input score 61; 61st percentile among comparable filings
- Liabilities to assets ratio: 0.33; rating input score 43; 43rd percentile among comparable filings
- Officer compensation ratio: 6.8%; rating input score 37; 37th percentile among comparable filings
Growth
- Program expense growth: 7.2% per year; rating input score 100; 57th percentile among comparable filings
- Revenue growth: 4.2% per year; rating input score 100; 37th percentile among comparable filings
- Asset growth: 1.6% per year; rating input score 100; 16th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 79.3% of revenue deployed · 91.7% of spending went to programs
- Governance: 20 of 20 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $18.1M in reported program spending
- Leadership: top reported pay $353K · 29 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $156K reported
- Consistency: 36 of 36 current checks pass
- Schedules: 10 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 8 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.
- Moderate — Financial Efficiency: Fundraising efficiency scored 39/100.
- Moderate — Sustainability: Officer compensation ratio scored 37/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 43/100.