Excellence Community Schools Inc
Nonprofit profile at a glance
- EIN
- 450522191
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-EZ 2011
- Location
- Bronx, NY, USA
- Phone
- 7188287301
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fund Raising and/or Fund Distribution
Reported finances
- Revenue
- $12,965,876
- Expenses
- $10,060,299
- Assets
- $111,107,564
- Liabilities
- $82,686,755
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- KORY APTON (VICE PRESIDENT)
- KIMBERLY HARTMAN (VICE PRESIDENT)
- ANDRA EHRENKRANZ (VICE PRESIDENT)
- CHARLENE REID (CO-CEO)
- DENNISTON REID JR (CO-CEO)
Highest reported compensation
- CHARLENE REID (CO-CEO): $845,496 total reported compensation
- DENNISTON REID JR (CO-CEO): $820,064 total reported compensation
- VIKAS KAUSHAL (CHIEF FINANCIAL OFFICER): $431,202 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Excellence community schools prepares young people in New York city and stamford to compete for admission to and succeed in top public, private and parochial high schools by cultivating their intellectual, artistic, social, emotional, and ethical development. Excellence community schools accomplishes this by offering a challenging and rigorous academic curriculum, which at the earliest of grades has an eye toward college preparation. Excellence community schools achieves this in a supportive and caring environment that maintains high expectations for all students.
What it reported doing in 2024
Excellence community schools, inc. Provides services and raises funds to support the operations of bronx charter school for excellence schools and stamford school for excellence.
Operating model
- Revenue model
- Earned-program. 70% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 99% 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 most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 43
- Transparency & Controls: 83
- Accountability: 100
- Sustainability: 69
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 42.1%; rating input score 42
- Program expense ratio: 56.9%; rating input score 57
- Fundraising efficiency: $1.22 raised per $1 spent on fundraising; rating input score 3; 3rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd 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: Pass
- Written employment contract: Missing
- 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: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- 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: 22.4%; rating input score 84; 84th percentile among comparable filings
- Total-asset coverage ratio: 11.04; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 0.74; rating input score 16; 16th percentile among comparable filings
- Officer compensation ratio: 37%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: 15.7% per year; rating input score 100; 85th percentile among comparable filings
- Revenue growth: 17.7% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: 25.1% per year; rating input score 100; 94th percentile among comparable filings
Details
- Where the money goes: 42.1% of revenue deployed · 56.9% of spending went to programs
- Governance: 6 of 6 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $5.7M in reported program spending
- Leadership: top reported pay $845K · 17 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.7M reported
- Consistency: 33 of 33 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 13 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 13 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 42/100.
- Review — Financial Efficiency: Program expense ratio scored 57/100.
- High — Financial Efficiency: Fundraising efficiency scored 3/100.
- High — Sustainability: Officer compensation ratio scored 1/100.
- High — Sustainability: Liabilities to assets ratio scored 16/100.