Foundation Academy of Winter Garden Inc

Nonprofit profile at a glance

EIN
651067210
IRS 990 coverage
2011–2021
Forms available
Form 990 2021
Location
Winter Garden, FL, USA
Phone
4078772744
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Elementary, Secondary Education, K - 12
Affiliation
Christianity

Official website

Reported finances

Revenue
$14,405,987
Expenses
$13,077,117
Assets
$27,396,168
Liabilities
$18,949,178

Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • DAVID BUCKLES (PRESIDENT)

Highest reported compensation

  • DAVID BUCKLES (PRESIDENT): $133,465 total reported compensation
  • CAROL GROSSHANS (VP OF EDUCAT): $126,836 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

A private christian school in winter garden, fl, that partners with families and the church to build a firm foundation for life through christ-centered education.

What it reported doing in 2021

Foundation academy of winter garden, inc, is a school under the ministry of a southern baptist church. The school offers primary education (pre- kindergarten through high school) to local residents.

Operating model

Revenue model
Earned-program. 95% 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

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: 79
  • Transparency & Controls: 92
  • Accountability: 91
  • Sustainability: 57
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85%; rating input score 85
  • Program expense ratio: 93.7%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • 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: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 9.2%; rating input score 57; 57th percentile among comparable filings
  • Total-asset coverage ratio: 2.09; rating input score 65; 65th percentile among comparable filings
  • Liabilities to assets ratio: 0.69; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 2%; rating input score 74; 74th percentile among comparable filings

Growth

  • Program expense growth: 10.7% per year; rating input score 100; 77th percentile among comparable filings
  • Revenue growth: 10.4% per year; rating input score 100; 76th percentile among comparable filings
  • Asset growth: 9% per year; rating input score 100; 62nd percentile among comparable filings

Details

  • Where the money goes: 85% of revenue deployed · 93.7% of spending went to programs
  • Governance: 12 of 12 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $12.3M in reported program spending
  • Leadership: top reported pay $133K · 13 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 7 filed schedules · includes major donors
  • Filing history: 11 filing years from 2011 to 2021
  • Contacts: How to reach this organization
  • Money network: 2 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: 2 of 9 not reported.
  • Review — Sustainability: Operating margin scored 57/100.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.