Insight Pa Cyber Charter School

Nonprofit profile at a glance

EIN
461166314
IRS 990 coverage
2017–2024
Forms available
Form 990 2024
Location
Exton, PA, USA
Phone
4847134353
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Charter Schools

Reported finances

Revenue
$70,180,285
Expenses
$87,342,752
Assets
$36,571,207
Liabilities
$13,990,289

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

Leadership & pay

10 people listed

Executive titles in this filing

  • LOWELL THOMAS (PRESIDENT)
  • BILL FERRARA (VICE PRESIDENT)
  • EILEEN CANNISTRACI (CEO)

Highest reported compensation

  • EILEEN CANNISTRACI (CEO): $241,983 total reported compensation
  • JULIE JASZCAR (CHIEF ACADEMIC OFFICER): $173,940 total reported compensation
  • ELIZABETH JONES (CHIEF OPERATING OFFICER): $163,866 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 insight pa cyber charter school is to enable, inspire, and prepare students to achieve the highest levels of academic standards so they will make powerful impacts in their communities.

What it reported doing in 2024

Insight pa's sole program is to provide a public, cyber education for each student that is innovative and personalized to meet a student's needs and academic goals. As outlined in the school's chartering documents, one goal is to outreach to and enroll students from historically at-risk and underperforming groups. An accomplishment of the school's for the 2024-2025 school year is achieving that goal - 60% of the enrolled students are economically disadvantaged, 18% have a special education iep, and 66.2% of the students are from historically underserved minorities.

Operating model

Revenue model
Earned-program. 93% 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

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 60
  • Accountability: 91
  • Sustainability: 21
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.4%; rating input score 86
  • Program expense ratio: 71%; rating input score 71
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • 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; 77th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -24.5%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0.42; rating input score 15; 15th percentile among comparable filings
  • Liabilities to assets ratio: 0.38; rating input score 47; 47th percentile among comparable filings
  • Officer compensation ratio: 0.8%; rating input score 78; 78th percentile among comparable filings

Growth

  • Program expense growth: 23% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 17.9% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: 21% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 86.4% of revenue deployed · 71% of spending went to programs
  • Governance: 6 of 6 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $62M in reported program spending
  • Leadership: top reported pay $242K · 10 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 8 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 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.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Operating margin scored 3/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 15/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 47/100.