Fellowship Academy

Nonprofit profile at a glance

EIN: 752888473
IRS 990 coverage: 2013–2024
Forms available: Form 990 2024
Location: Kennedale, TX, USA
Phone: 8174832400
Rating: 85
Verdict: STRONG
Rating confidence: Moderate
Sector: Elementary, Secondary Education, K - 12
Affiliation: Christianity

Official website

Reported finances

Revenue: $3,980,205
Expenses: $4,733,616
Assets: $5,965,865
Liabilities: $5,396,928

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

Lee Stringham (President & CEO)

Highest reported compensation

David Slight (Executive Dir.): $76,410 total reported compensation
Lee Stringham (President & CEO): $68,655 total reported compensation
Melanie Wilson (Treasurer): $2,812 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 Fellowship Academy is to provide every child an opportunity for a safe, affordable, well-rounded Christ-centered educational experience and build Christian leaders to serve the community.

What it reported doing in 2024

Academic Program - In addition to on-level curriculum, FA offers honors or AP courses in English, Algebra 1 and 2, Geometry, Pre-Calculus, Biology, Chemistry, Anatomy and physiology, Pathophysiology, Physics, World Geography, World History and Art. All students in grades 9-11 participate in the PSAT onsite. All 8th and 9th graders participate in the PreACT. FA partners with Letourneau University and Tarrant County College offer dual credit courses on campus for juniors and seniors in English Composition I ; II, British Literature I ; II, US History, Economics, Government, and Environmental Science (6 students were enrolled in Dual Credit). Fine Arts courses include visual arts, theater arts, band, and choral music. We offer instruction in languages other than English including Spanish. State of Texas endorsements include Multidisciplinary Studies, Arts and Humanities, STEM, Public Service - Health Science, and Fine Arts. Fellowship Academy enrolled 354 students during the fiscal period with 18 graduates.

Operating model

Revenue model: Earned-program. 97% of the money available for current operations came from fees and other program revenue.
Distribution model: Direct operator. The filing allocates 91% 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

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 expenses are high relative to revenue.

Rating breakdown

Financial Efficiency: 86
Transparency & Controls: 94
Accountability: 82
Sustainability: 25
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 95.6%; rating input score 96
Program expense ratio: 80.4%; rating input score 80
Fundraising efficiency: $18.59 raised per $1 spent on fundraising; rating input score 57; 57th percentile among comparable filings

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: 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; 63rd percentile among comparable filings
Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail

Sustainability

Operating margin: -18.9%; rating input score 7; 7th percentile among comparable filings
Total-asset coverage ratio: 1.26; rating input score 45; 45th percentile among comparable filings
Liabilities to assets ratio: 0.9; rating input score 7; 7th percentile among comparable filings
Officer compensation ratio: 3.1%; rating input score 68; 68th percentile among comparable filings

Growth

Program expense growth: 3.7% per year; rating input score 100; 32nd percentile among comparable filings
Revenue growth: 2.8% per year; rating input score 100; 26th percentile among comparable filings
Asset growth: 4.7% per year; rating input score 100; 33rd percentile among comparable filings

Details

Where the money goes: 95.6% of revenue deployed · 80.4% of spending went to programs
Governance: 4 of 4 board members independent · 5 of 9 filing controls reported
Programs: 4 filed program accomplishments · $3.8M in reported program spending
Leadership: top reported pay $76K · 6 people listed
Consistency: 30 of 30 current checks pass
Schedules: 7 filed schedules · includes major donors and grants
Filing history: 12 filing years from 2013 to 2024
Contacts: How to reach this organization
Money network: 3 filed money-flow records
Related organizations: Filed and resolved organization relationships.
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.
High — Sustainability: Operating margin scored 7/100.
Review — Financial Efficiency: Fundraising efficiency scored 57/100.
Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
High — Sustainability: Liabilities to assets ratio scored 7/100.