Ki Education Foundation
Nonprofit profile at a glance
- EIN
- 462295875
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024, Form 990-N 2013
- Location
- San Marcos, TX, USA
- Phone
- 5123968500
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Secondary, High School
Reported finances
- Revenue
- $9,374,493
- Expenses
- $9,510,580
- Assets
- $7,288,362
- Liabilities
- $1,126,652
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- DrToni Sauncy (Board President)
- DrRosina Valle (Board Vice President)
Highest reported compensation
- Dr Jerry Lager (Superintendent of Schools): $305,182 total reported compensation
- Javier Garcia (Chief Operating Officer): $128,971 total reported compensation
- Adrienne Durham (Associate Superintendent): $114,040 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Dedicated to fostering student achievement, personal growth, and career readiness.
What it reported doing in 2024
In the 2024-2025 school year Ki charter achieved remarkable milestones, demonstrating our commitment to student success and academic growth. During the school year we served 2,662 students, with an estimated mobility rate of 400%. We celebrated the graduation of 5 students, whom worked diligently to reach this milestone. Our students also made impressive strides in career readiness, earning 133 food handler certifications, equipping them with essential skills for the workforce. Ki charter provided eligible students the opportunity to participate in the ASVAB test and had approximately 42 students complete the assessment. Academically, our students showed tremendous literacy progress, with an average reading growth of 1-2 grade levels.Additionally, our commitment to helping students stay on track for graduation resulted in the successful completion of an estimated 105 credit recovery courses, ensuring students regain momentum in their academic journeys. These accomplishments highlight our schools dedication to fostering student achievement, personal growth, and career readiness.
Operating model
- Revenue model
- Grant-funded. 98% 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 total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 74
- Accountability: 100
- Sustainability: 33
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.7%; rating input score 85
- Program expense ratio: 83.2%; rating input score 83
- 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: 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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 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: 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: -1.5%; rating input score 28; 28th percentile among comparable filings
- Total-asset coverage ratio: 0.77; rating input score 28; 28th percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 50; 50th percentile among comparable filings
- Officer compensation ratio: 5.8%; rating input score 48; 48th percentile among comparable filings
Growth
- Program expense growth: 16% per year; rating input score 100; 80th percentile among comparable filings
- Revenue growth: 14.8% per year; rating input score 100; 81st percentile among comparable filings
- Asset growth: 10.1% per year; rating input score 100; 59th percentile among comparable filings
Details
- Where the money goes: 84.7% of revenue deployed · 83.2% of spending went to programs
- Governance: 5 of 5 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $7.9M in reported program spending
- Leadership: top reported pay $305K · 8 people listed · 2 of 6 pay-setting controls reported
- Consistency: 27 of 27 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 6 filing years from 2019 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.
- High — Sustainability: Operating margin scored 28/100.
- High — Sustainability: Total-asset coverage ratio scored 28/100.
- Moderate — Sustainability: Officer compensation ratio scored 48/100.
- Review — Sustainability: Liabilities to assets ratio scored 50/100.