Frayser Community Schools
Nonprofit profile at a glance
- EIN
- 461747159
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Memphis, TN, USA
- Phone
- 9014451723
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $4,811,528
- Expenses
- $6,776,447
- Assets
- $8,705,459
- Liabilities
- $670,901
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- BOBBY WHITE JR (CHIEF EXECUTIVE OFFICER)
- BRETT LAWSON (EXECUTIVE DIRECTOR)
Highest reported compensation
- BOBBY WHITE JR (CHIEF EXECUTIVE OFFICER): $225,268 total reported compensation
- BRETT LAWSON (EXECUTIVE DIRECTOR): $163,163 total reported compensation
- WALTINA PEARSON (CHIEF OPERATING OFFICER): $136,906 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to prepare students in frayser for success in college, career and their community. We will achieve this by providing a rigorous academic program with embedded supports and an emphasis on discipline, character and service. Our mission guides all school activities, including our college preparatory course sequence, our academy structure and staffing model, our character and discipline program of drive, our frayser-oriented community service program, our intensive approach to teacher development, and our emphasis on accountability. Every program and staff member's role is designed to support the achievement of our mission.
What it reported doing in 2024
Operation of public charter schools.
Operating model
- Revenue model
- Grant-funded. 86% of the money available for current operations came from government grants.
- 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. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 74
- Accountability: 95
- Sustainability: 27
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 75.2%; rating input score 75
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- 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: 8 of 9 controls in place; rating input score 89
- 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: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -40.8%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 1.28; rating input score 46; 46th percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 63; 63rd percentile among comparable filings
- Officer compensation ratio: 7.8%; rating input score 38; 38th percentile among comparable filings
Growth
- Program expense growth: 10.7% per year; rating input score 100; 66th percentile among comparable filings
- Revenue growth: 10.2% per year; rating input score 100; 69th percentile among comparable filings
- Asset growth: 17.6% per year; rating input score 100; 80th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 75.2% of spending went to programs
- Governance: 14 of 14 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $5.1M in reported program spending
- Leadership: top reported pay $225K · 15 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2.2M reported
- Consistency: 22 of 22 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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 — Sustainability: Operating margin scored 3/100.
- Review — Accountability: Governance controls: Audit committee oversight not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
- Moderate — Sustainability: Officer compensation ratio scored 38/100.