Ilead Online Charter School
Nonprofit profile at a glance
- EIN
- 822233697
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024, Form 990-EZ 2017
- Location
- Acton, CA, USA
- Phone
- 6614416636
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $7,409,527
- Expenses
- $7,344,667
- Assets
- $4,364,673
- Liabilities
- $1,536,355
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Highest reported compensation
- KATHERINE WOLFE (SCHOOL DIRECTOR): $178,628 total reported compensation
- SAMIN DAVARI (LEADERSHIP RESIDENT): $142,157 total reported compensation
- EMILIE EVENSON (LEADERSHIP RESIDENT): $134,899 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 mission of the ilead online is to provide a rigorous, relevant, inquiry-based, self-directed and collaborative learning environment for all learners in grades k-12 to prepare them for college and career.
What it reported doing in 2024
Ilead online is a tuition-free, public charter that educates learners in grades k-12. Through a wide variety of subject areas, our school offers a personalized approach to online learning that focuses on project-based learning and social-emotional learning principles that adhere to the common core standards. All ilead online courses are created, written, developed and managed by our own facilitators. Our learners have access to real-time tutors and are assigned an academic coach. Ilead online provides for cte, advanced placement coursework, hands-on aerospace opportunities, a-g, and ncaa-approved coursework.
Operating model
- Revenue model
- Grant-funded. 85% 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 71
- Accountability: 86
- Sustainability: 33
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.1%; rating input score 91
- Program expense ratio: 91.9%; rating input score 92
- 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: 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 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- 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: 0.9%; rating input score 37; 37th percentile among comparable filings
- Total-asset coverage ratio: 0.59; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: 0.35; rating input score 30; 30th percentile among comparable filings
- Officer compensation ratio: 6.2%; rating input score 46; 46th percentile among comparable filings
Growth
- Program expense growth: 14.1% per year; rating input score 100; 76th percentile among comparable filings
- Revenue growth: 13.5% per year; rating input score 100; 78th percentile among comparable filings
- Asset growth: 11.6% per year; rating input score 100; 64th percentile among comparable filings
Details
- Where the money goes: 91.1% of revenue deployed · 91.9% of spending went to programs
- Governance: 3 of 3 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $6.8M in reported program spending
- Leadership: top reported pay $179K · 6 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $878K reported
- Consistency: 30 of 30 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 7 filing years from 2018 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.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 37/100.
- High — Sustainability: Total-asset coverage ratio scored 21/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 30/100.
- Moderate — Sustainability: Officer compensation ratio scored 46/100.