Freire Charter School Wilmington Inc

Nonprofit profile at a glance

EIN
465680913
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Wilmington, DE, USA
Phone
2675834458
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Charter Schools

Official website

Reported finances

Revenue
$9,921,330
Expenses
$10,419,931
Assets
$20,678,480
Liabilities
$29,737,938

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

Leadership & pay

15 people listed

Executive titles in this filing

  • CLINT WALKER (PRESIDENT)
  • SHEELA DATTANI (VICE PRESIDENT)

Highest reported compensation

  • ROBERT HEALY (DIRECTOR): $133,918 total reported compensation
  • WALTER DURANT (HEAD OF SCHOOL): $101,813 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 organization's mission is to provide a college-preparatory learning experience with a focus on individual freedom, critical thinking, and problem solving in an environment that emphasizes the values of community, teamwork, and commitment to peace.

What it reported doing in 2024

Freire charter school wilmington provides a rigorious education in a safe, creative, and supportive environment that enables and inspires all students to achieve. We serve approximately 400 students in grades 8-12.

Operating model

Revenue model
Earned-program. 84% 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. Expenses are high relative to revenue and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 92
  • Accountability: 96
  • Sustainability: 37
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91.7%; rating input score 92
  • Program expense ratio: 87.4%; rating input score 87
  • Fundraising efficiency: $21.72 raised per $1 spent on fundraising; rating input score 61; 61st 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: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 92.9%; rating input score 93; 23rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • 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%; rating input score 20; 20th percentile among comparable filings
  • Total-asset coverage ratio: 1.98; rating input score 62; 62nd percentile among comparable filings
  • Liabilities to assets ratio: 1.44; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 2.3%; rating input score 74; 74th percentile among comparable filings

Growth

  • Program expense growth: 14.3% per year; rating input score 100; 76th percentile among comparable filings
  • Revenue growth: 13.5% per year; rating input score 100; 79th percentile among comparable filings
  • Asset growth: 22.5% per year; rating input score 100; 87th percentile among comparable filings

Details

  • Where the money goes: 91.7% of revenue deployed · 87.4% of spending went to programs
  • Governance: 13 of 14 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $9.1M in reported program spending
  • Leadership: top reported pay $134K · 15 people listed
  • Highest-paid contractors: 5 contractors listed · $1.8M reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 7 filed schedules · includes major donors
  • Filing history: 11 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 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 — Sustainability: Operating margin scored 20/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.