Frankie Lemmon School and Developmental Center

Nonprofit profile at a glance

EIN
560931467
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Raleigh, NC, USA
Phone
9198458880
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Specialized Education Institutions

Official website

Reported finances

Revenue
$3,440,224
Expenses
$3,507,676
Assets
$4,263,569
Liabilities
$3,014,159

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

Leadership & pay

24 people listed

Executive titles in this filing

  • MARSHA HARGETTE (EXECUTIVE DIRECTOR)

Highest reported compensation

  • MARSHA HARGETTE (EXECUTIVE DIRECTOR): $175,291 total reported compensation
  • REBECCA SMITH (SCHOOL DIRECTOR): $111,523 total reported compensation
  • PETE EKENSTIERNA (FINANCE MANAGER): $96,497 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

For children with special educational needs and their families, the frankie lemmon school and development center provides life-changing, highly specialized, individualized education and therapies in a setting with a very low student-to-teacher ratio. This high-quality education prepares the children for a lifetime of maximized education as well as successful participation in family and community life.the school's philosophy of education is that all children, regardless of different abilities, are children first. This implies consideration of the child as an individual with special human needs and rights who is an integral part of his or her family and community. The school's curriculum addresses all areas of child development in a sequential developmental and early academic program.the frankie lemmon school and development center is a blend of self-contained classrooms and an inclusion program that is a unique collaboration with wake county public schools.

What it reported doing in 2024

The mission of the frankie lemmon school and developmental center is to educate and celebrate children of all abilities. Currently the school is serving 90 children ages 2-6 years old, and ultimately plans to reach the maximum capacity of 125 children in the future. Services provided include speech and language therapy, occupational therapy, physical therapy, and vision and hearing services, which are customized for each child. Children who attend frankie lemmon school and developmental center enjoy music therapy, movement classes, nutritious daily meals and snacks as well as an optional summer enrichment program. The school's student to teacher ratio is never larger than 1:6 and all lead teachers have an nc teaching license.

Operating model

Revenue model
Affiliate-supported. 72% of the money available for current operations came from contributions from related organizations.
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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 65
  • Accountability: 91
  • Sustainability: 35
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 88.3%; rating input score 88
  • Program expense ratio: 86.6%; rating input score 87
  • Fundraising efficiency: $46.01 raised per $1 spent on fundraising; rating input score 77; 77th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • 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; 63rd 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: Fail
    • 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: Pass

Sustainability

  • Operating margin: -2%; rating input score 27; 27th percentile among comparable filings
  • Total-asset coverage ratio: 1.22; rating input score 44; 44th percentile among comparable filings
  • Liabilities to assets ratio: 0.71; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 3.5%; rating input score 65; 65th percentile among comparable filings

Growth

  • Program expense growth: 8.4% per year; rating input score 100; 57th percentile among comparable filings
  • Revenue growth: 8.8% per year; rating input score 100; 63rd percentile among comparable filings
  • Asset growth: 17.2% per year; rating input score 100; 79th percentile among comparable filings

Details

  • Where the money goes: 88.3% of revenue deployed · 86.6% of spending went to programs
  • Governance: 21 of 21 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $3M in reported program spending
  • Leadership: top reported pay $175K · 24 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 filed related-organization links
  • 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: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Operating margin scored 27/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.