Faith Alive Christian Academy

Nonprofit profile at a glance

EIN
800454636
IRS 990 coverage
2022–2022
Forms available
Form 990 2022
Location
St Thomas, Virgin Islands, VQ
Phone
3407773312
Rating
58
Verdict
MIXED
Rating confidence
Moderate
Sector
Primary, Elementary Schools
Affiliation
Christianity

Reported finances

Revenue
$201,389
Expenses
$198,519
Assets
$85,144
Liabilities
$9,457

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • Darin Richardson (President)

Highest reported compensation

  • Karima Mahoney (Teacher): $27,288 total reported compensation
  • Lorraine MaduroBrowne (Teacher): $23,418 total reported compensation
  • Clotilda H Quammie (Teacher): $22,862 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to support and equip students by providing primary grade resources based upon biblical values. The Bible being the inherent word of God provides insight into educational matters including human nature knowledge authority orderliness and philosophy. Godly teaching fosters the growth of well rounded confident and productive individuals who positively impact neighborhoods communities entire islands countries and the world.

What it reported doing in 2022

This year we focused on developing the staff and upgrading the school's technology by: 1. Providing and made accessible professional development courses and workshops for the faculty and staff through the Virgin Islands Department of Education and the Virgin Islands Department of Human Services which has encouraged growth commitment enhanced skills and broaden the faculty's ability to reach students with a variety of needs. 2. Technological resources were obtained to enhance the learning environment. Thereby giving the students exposure. This allowed them to become familiar with basic computer functions and applications in a motivated and well-organized environment. They were taught the fundamentals in a computer science class given access to strategic and interactive materials platforms and on-line tools as well as the requisite training and guidance. Also they accessed tools beyond the classroom and learned at their own pace developing problem solving skills which facilitated being able to easily work through challenges.

Operating model

Revenue model
Earned-program. 85% 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

MIXED - The filed numbers largely add up. A relatively small share of voting board members are independent and some related-organization disclosures are missing.

Rating breakdown

  • Financial Efficiency: 58
  • Transparency & Controls: 92
  • Accountability: 31
  • Sustainability: 30
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 64.9%; rating input score 65
  • Program expense ratio: 65.8%; rating input score 66
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Scored; rating input score 0

Accountability

  • Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 1.4%; rating input score 44; 44th percentile among comparable filings
  • Total-asset coverage ratio: 0.43; rating input score 20; 20th percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 28; 28th percentile among comparable filings
  • Officer compensation ratio: 56.2%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 64.9% of revenue deployed · 65.8% of spending went to programs
  • Governance: 0 of 4 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $131K in reported program spending
  • Leadership: top reported pay $27K · 12 people listed
  • Consistency: 35 of 35 current checks pass
  • Schedules: 6 filed schedules · includes major donors and related organizations
  • Filing history: 1 filing year from 2022
  • Contacts: How to reach this organization
  • Money network: 7 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.

  • High — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • Moderate — Sustainability: Operating margin scored 44/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Total-asset coverage ratio scored 20/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.
  • High — Sustainability: Liabilities to assets ratio scored 28/100.