International Charter School Corporation
Nonprofit profile at a glance
- EIN
- 050519201
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Pawtucket, RI, USA
- Phone
- 4017210824
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $7,232,418
- Expenses
- $6,832,968
- Assets
- $5,013,859
- Liabilities
- $1,409,930
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- JULIE NORA PHD (EXECUTIVE DIRECTOR)
- FRANCISCO LOVERA (PRESIDENT)
- GINA RODRIGUEZ-DRIX (VICE PRESIDENT)
Highest reported compensation
- JULIE NORA PHD (EXECUTIVE DIRECTOR): $210,500 total reported compensation
- KATHLEEN CLOUTIER (TREASURER): $198,611 total reported compensation
- MILAGRO SIQUE (TRUSTEE): $182,886 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 ics is to integrate the diverse languages and cultures of the communities it serves by teaching all students in two languages-in spanish and english or in portuguese and english-and helping children develop an appreciation of other cultures. Children learn to work collaboratively from their multiple experiences and backgrounds, striving towards high standards of academic achievement. Everyone is part of a community of learners, engaging in inquiry about the world, themselves, and others.
What it reported doing in 2024
Operates a multi-cultural, multi-lingual elementary school, with approximately 370 students in grades k-5. The curriculum features a dual-language immersion model; all students are taught in english and either spanish or portuguese.
Operating model
- Revenue model
- Earned-program. 91% 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 the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 70
- Accountability: 83
- Sustainability: 41
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.5%; rating input score 87
- Program expense ratio: 92.6%; rating input score 93
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 78.6%; rating input score 79; 14th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- 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: 5.5%; rating input score 52; 52nd percentile among comparable filings
- Total-asset coverage ratio: 0.73; rating input score 27; 27th percentile among comparable filings
- Liabilities to assets ratio: 0.28; rating input score 36; 36th percentile among comparable filings
- Officer compensation ratio: 8%; rating input score 37; 37th percentile among comparable filings
Growth
- Program expense growth: 4.2% per year; rating input score 100; 35th percentile among comparable filings
- Revenue growth: 4% per year; rating input score 100; 34th percentile among comparable filings
- Asset growth: 3.1% per year; rating input score 100; 24th percentile among comparable filings
Details
- Where the money goes: 87.5% of revenue deployed · 92.6% of spending went to programs
- Governance: 11 of 14 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $6.3M in reported program spending
- Leadership: top reported pay $210K · 17 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $823K reported
- Consistency: 30 of 30 current checks pass
- Schedules: 8 filed schedules · includes major donors and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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 — Sustainability: Operating margin scored 52/100.
- High — Sustainability: Total-asset coverage ratio scored 27/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Moderate — Sustainability: Liabilities to assets ratio scored 36/100.
- Moderate — Sustainability: Officer compensation ratio scored 37/100.