High Point Home Educators
Nonprofit profile at a glance
- EIN
- 320243669
- IRS 990-EZ coverage
- 2016–2018
- Forms available
- Form 990-EZ 2018, Form 990-N 2010
- Location
- High Point, NC, USA
- Phone
- 3362146229
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $138,745
- Expenses
- $118,102
- Assets
- $126,848
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Jeff and Lia Farnham (President)
People named in this filing
- Jeff and Lia Farnham (President)
- Derick and Stepheny Seabolt (Treasurer)
- Tyler and Candice Conner (Registrar)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Support homeschool community in the High Point area
What it reported doing in 2018
We offer quarterly get-togethers for our members. These meetings offer networking time, as well as a speaker who addresses concerns of the homeschooling community. Periodically through the year we also hold other family events for our members to strengthen friendships among the homeschool community.
Operating model
- Revenue model
- Earned-program. 96% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 64
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 14.9%; rating input score 71; 71st percentile among comparable filings
- Total-asset coverage ratio: 1.07; rating input score 64; 64th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 83; 83rd percentile among comparable filings
- Officer compensation ratio: 18.1%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: 29.9% per year; rating input score 100; 87th percentile among comparable filings
- Revenue growth: -1.4% per year; rating input score 0; 20th percentile among comparable filings
- Asset growth: 16.8% per year; rating input score 100; 74th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $230K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2016 to 2018
- 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.
- Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 19/100.