High School Inc Academies Foundation
Nonprofit profile at a glance
- EIN
- 453003419
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024, Form 990-EZ 2014, Form 990-N 2011
- Location
- Newport Beach, CA, USA
- Phone
- 9492204667
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $1,211,859
- Expenses
- $1,228,930
- Assets
- $989,718
- Liabilities
- $35,638
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- MARK MCLOUGHLIN (President)
- PAULA GARCIA-ARESNALT (Vice President)
Highest reported compensation
- FELIX LUGO (Executive Dir.): $137,781 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To support business-supported school programs at valley high school and to carry onother charitable and educational activities associated with this goal.
What it reported doing in 2024
High school inc. Academies foundation was established for two primary reasons tofundraise and act as the liaison between the business community and the schooldistrict to support the work of high school inc., a private-public partnershipbetween the santa ana chamber of commerce, santa ana unified school district, and thehigh school inc. Foundation. Based on research conducted to determine what business needs to succeed and grow in santa ana and neighboring communities, high school inc. Was created as a workforce development initiative to bridge the skills gap. Students become job-ready as they prepare to enter the workforce or to go on to college after graduation. In addition to regular course work to earn a high school diploma, the high school inc. Programprovides additional hands-on business experience and mentoring so students can becomeaware of career opportunities in these six industries (academics): culinary andhospitality; health care; automotive; transportation and logistics; new media, globalbusiness; and engineering and manufacturing.
Operating model
- Revenue model
- Donor-supported. 95% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 78% for direct work, and 22% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 90
- Accountability: 84
- Sustainability: 36
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.1%; rating input score 80
- Program expense ratio: 78.2%; rating input score 78
- Fundraising efficiency: $9.65 raised per $1 spent on fundraising; rating input score 37; 37th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.4%; rating input score 94; 26th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- 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: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -1.4%; rating input score 32; 32nd percentile among comparable filings
- Total-asset coverage ratio: 0.81; rating input score 36; 36th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 56; 56th percentile among comparable filings
- Officer compensation ratio: 11.2%; rating input score 33; 33rd percentile among comparable filings
Growth
- Program expense growth: 16.7% per year; rating input score 100; 78th percentile among comparable filings
- Revenue growth: 16.1% per year; rating input score 100; 80th percentile among comparable filings
- Asset growth: 20.3% per year; rating input score 100; 82nd percentile among comparable filings
Details
- Where the money goes: 80.1% of revenue deployed · 78.2% of spending went to programs
- Governance: 18 of 18 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $961K in reported program spending
- Leadership: top reported pay $138K · 20 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 10 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 2 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 37/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 32/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
- Moderate — Sustainability: Officer compensation ratio scored 33/100.
- Review — Sustainability: Liabilities to assets ratio scored 56/100.