Isaac Newton Foundation Inc

Nonprofit profile at a glance

EIN
233083881
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Philadelphia, PA, USA
Phone
8565051300
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$9,802,109
Expenses
$9,222,553
Assets
$135,967,349
Liabilities
$126,746,196

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

Leadership & pay

5 people listed

Executive titles in this filing

  • KAREN DELGUERCIO (BOARD PRESIDENT)
  • JAN BROPHY (BOARD VICE PRESIDENT / SEC)

People named in this filing

  • KAREN DELGUERCIO (BOARD PRESIDENT)
  • JAN BROPHY (BOARD VICE PRESIDENT / SEC)
  • DR NORMAN PROVIZER (BOARD MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The foundation's mission is to support the health, welfare, educational interests of the mathematics, science & technology community charter school (the "school"), a Pennsylvania nonprofit corporation that is exempt from federal income tax as an organization described in section 501(c)(3) of the internal revenue code of 1986 (the "code"), as amended.the foundation is a nonprofit corporation established under the laws of the commonwealth of Pennsylvania. The purposes for which the foundation is organized and operated are exclusively charitable and educational within the meaning of section 501(c)(3) of the code, and, in furtherance of these purposes, the foundation may: (a) operate exclusively for the support and benefit of the school and its affiliated or controlled organizations that are publicly supported chartities as defined under the code; (b) utilize resources for the purposes of replicating the school's educational model; (c) receive contributions from whatever source.

What it reported doing in 2024

Organization leases property to mathematics, science and technology community charter school, a not-for-profit entity formed under 501(c)(3) id# 23-2963763, mast community charter school ii, a not-for-profit entity formed under 501(c)(3) id# 47-3810173, and mast community charter school iii, a not-for-profit entity formed under 501(c)(3) id #83-1383617.

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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 90
  • Accountability: 100
  • Sustainability: 64
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.6%; rating input score 85
  • Program expense ratio: 97.1%; rating input score 97
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • 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: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 5.9%; rating input score 53; 53rd percentile among comparable filings
  • Total-asset coverage ratio: 14.74; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0.93; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: 14.3% per year; rating input score 100; 76th percentile among comparable filings
  • Revenue growth: 13.2% per year; rating input score 100; 78th percentile among comparable filings
  • Asset growth: 12.9% per year; rating input score 100; 68th percentile among comparable filings

Details

  • Where the money goes: 84.6% of revenue deployed · 97.1% of spending went to programs
  • Governance: 5 of 5 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $9M in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Highest-paid contractors: 2 contractors listed · $1M reported
  • Consistency: 23 of 23 current checks pass
  • Schedules: 5 filed schedules
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 3 filed related-organization links
  • 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 53/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.