Great Expectations Elementary
Nonprofit profile at a glance
- EIN
- 900673173
- IRS 990 coverage
- 2012–2015
- Forms available
- Form 990 2015
- Location
- North Canton, OH, USA
- Phone
- 3305150572
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $1,489,994
- Expenses
- $1,745,655
- Assets
- $309,260
- Liabilities
- $309,260
Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Leigh Chiarelott (Board President)
Highest reported compensation
- Jim Hartley (Board Member): $2,800 total reported compensation
- Jerry Jones (Board Member): $2,625 total reported compensation
- Rich Dunn (Board Member): $2,450 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Great expectations elementary school strnes to provide education by utiljzing research-proven curricula to students ensuring outstanding academic performance by all of its socially and enconomically dnerse student population the school educated approximately 175 students in the 2014-2015 school year.
What it reported doing in 2015
Great expectations elementary school strives to provide education by utilizing research-proven curricula to students ensuring outstanding academic performance by all of its socially and enconomically diverse student population the school educated approx 160 students in the 2015-2016 school year.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- 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: 89
- Transparency & Controls: 90
- Accountability: 90
- Sustainability: 16
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Limited
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -17.2%; rating input score 9; 9th percentile among comparable filings
- Total-asset coverage ratio: 0.18; rating input score 9; 9th percentile among comparable filings
- Liabilities to assets ratio: 1; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 0.7%; rating input score 68; 68th percentile among comparable filings
Growth
- Program expense growth: 25.9% per year; rating input score 100; 87th percentile among comparable filings
- Revenue growth: -2.5% per year; rating input score 0; 19th percentile among comparable filings
- Asset growth: 23.6% per year; rating input score 100; 86th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 5 of 5 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.7M in reported program spending
- Leadership: top reported pay $3K · 5 people listed
- Highest-paid contractors: 1 contractor listed · $109K reported
- Consistency: 23 of 23 current checks pass
- Schedules: 4 filed schedules
- Filing history: 4 filing years from 2012 to 2015
- Contacts: How to reach this organization
- Money network: 5 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Operating margin scored 9/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 9/100.
- High — Sustainability: Liabilities to assets ratio scored 7/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.