Francis Parker School
Nonprofit profile at a glance
- EIN
- 951696720
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- San Diego, CA, USA
- Phone
- 8585697900
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Elementary, Secondary Education, K - 12
Reported finances
- Revenue
- $65,642,120
- Expenses
- $62,037,475
- Assets
- $230,034,033
- Liabilities
- $105,650,164
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
31 people listed
Highest reported compensation
- KEVIN YALEY (HEAD OF SCHOOL): $905,163 total reported compensation
- MIKE RINEHART (ASST HEAD FOR FINANCE & OPERATIONS): $348,531 total reported compensation
- SHARA FREEMAN (ASST HEAD FOR EXTERNAL RELATIONS): $287,494 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To create and inspire a diverse community of independent thinkers whose academic excellence, global perspective, and strength of character prepare them to make a meaningful difference in the world.
What it reported doing in 2024
Francis parker school is committed to graduating students who embody those qualities essential for academic success and personal fulfillment - intellectual curiosity, creative thinking, passion for learning, ethical responsibility, self reliance, community engagement, and global competence by offering a balanced, challenging and integrated k-12 educational program in academics, athletics, and the arts, all centered in a vibrant and diverse school environment.
Operating model
- Revenue model
- Earned-program. 88% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 82% 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 73
- Accountability: 98
- Sustainability: 59
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.6%; rating input score 80
- Program expense ratio: 85.3%; rating input score 85
- Fundraising efficiency: $2.37 raised per $1 spent on fundraising; rating input score 7; 7th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 96%; rating input score 96; 50th 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: 5.5%; rating input score 59; 59th percentile among comparable filings
- Total-asset coverage ratio: 3.71; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0.46; rating input score 39; 39th percentile among comparable filings
- Officer compensation ratio: 3.9%; rating input score 27; 27th percentile among comparable filings
Growth
- Program expense growth: 5.2% per year; rating input score 100; 42nd percentile among comparable filings
- Revenue growth: 5.2% per year; rating input score 100; 44th percentile among comparable filings
- Asset growth: 6.5% per year; rating input score 100; 48th percentile among comparable filings
Details
- Where the money goes: 79.6% of revenue deployed · 85.3% of spending went to programs
- Governance: 24 of 25 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $52.9M in reported program spending
- Leadership: top reported pay $905K · 31 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $27.7M reported
- Consistency: 38 of 38 current checks pass
- Schedules: 11 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 16 filing years from 2009 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.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 7/100.
- Review — Sustainability: Operating margin scored 59/100.
- High — Sustainability: Officer compensation ratio scored 27/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 39/100.