John Hancock Charter School Foundation
Nonprofit profile at a glance
- EIN
- 870685095
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Pleasant Grove, UT, USA
- Phone
- 8017965646
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $12,459,174
- Expenses
- $13,013,096
- Assets
- $29,356,210
- Liabilities
- $30,702,515
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Julie Adamic (Executive Director)
Highest reported compensation
- Julie Adamic (Executive Director): $277,646 total reported compensation
- Craig Frank (Business Administrator): $215,589 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
In partnership with parents, the community, and in cooperation with Alpine School District, the School's purpose is to provide continuously challenging curriculum in a safe and nurturing learning environment. Our primary goal is to instill a love of learning and to prepare students to become responsible citizens and productive members of the community.
What it reported doing in 2024
Operation of one charter school, serving students from kindergarten to eighth grade.
Operating model
- Revenue model
- Grant-funded. 96% 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. Expenses are high relative to revenue and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 71
- Accountability: 100
- Sustainability: 36
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.2%; rating input score 83
- Program expense ratio: 79.5%; rating input score 79
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd 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: Pass
- 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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -4.4%; rating input score 18; 18th percentile among comparable filings
- Total-asset coverage ratio: 2.26; rating input score 66; 66th percentile among comparable filings
- Liabilities to assets ratio: 1.05; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 3.8%; rating input score 61; 61st percentile among comparable filings
Growth
- Program expense growth: 23.5% per year; rating input score 100; 92nd percentile among comparable filings
- Revenue growth: 16.9% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: 23.2% per year; rating input score 100; 92nd percentile among comparable filings
Details
- Where the money goes: 83.2% of revenue deployed · 79.5% of spending went to programs
- Governance: 8 of 8 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $10.3M in reported program spending
- Leadership: top reported pay $278K · 10 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $184K reported
- Consistency: 31 of 31 current checks pass
- Schedules: 6 filed schedules · includes executive pay
- Filing history: 15 filing years from 2009 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 18/100.
- High — Sustainability: Liabilities to assets ratio scored 5/100.