Kingsman Academy Public Charter School
Nonprofit profile at a glance
- EIN
- 473403539
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024
- Location
- Washington, DC, USA
- Phone
- 2025471028
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Elementary, Secondary Education, K - 12
Reported finances
- Revenue
- $16,474,166
- Expenses
- $14,226,373
- Assets
- $17,620,717
- Liabilities
- $7,518,452
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- STEPHEN MESSNER (PRESIDENT & CHAIRMAN)
- INDRA CHALK (VICE PRESIDENT)
- KENNESHA KELLY (CO-FOUNDER & EXECUTIVE DIRECTOR)
Highest reported compensation
- KENNESHA KELLY (CO-FOUNDER & EXECUTIVE DIRECTOR): $242,062 total reported compensation
- BETTY SMITH BROWN (WELLNESS COACH): $150,090 total reported compensation
- CAROLYN NICOLE FREZZELL (DIRECTOR OF OPERATIONS): $149,825 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide an individualized and rigorous education in a supportive environment to prepare scholars for post-secondary success and responsible citizenship.
What it reported doing in 2024
The school is an open-enrollment, tuition-free, public school that serves approximately 340 students in grades six through twelve who may be at risk of dropping out of school. Many of these students are over-age and under-credit for their grade level, have attendance problems, and have behavioral or emotional challenges. The school offers individualized instruction and additional resources for all students, ample special education services, a strong multi-tiered system of support, a school-wide positive behavioral intervention and support services, and numerous co-curricular and extracurricular programs.
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. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 77
- Accountability: 95
- Sustainability: 56
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.9%; rating input score 77
- Program expense ratio: 89.1%; rating input score 89
- Fundraising efficiency: $23.29 raised per $1 spent on fundraising; rating input score 61; 61st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- 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; 66th percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- 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: 13.6%; rating input score 74; 74th percentile among comparable filings
- Total-asset coverage ratio: 1.24; rating input score 44; 44th percentile among comparable filings
- Liabilities to assets ratio: 0.43; rating input score 34; 34th percentile among comparable filings
- Officer compensation ratio: 6.8%; rating input score 37; 37th percentile among comparable filings
Growth
- Program expense growth: 7.2% per year; rating input score 100; 57th percentile among comparable filings
- Revenue growth: 7.8% per year; rating input score 100; 64th percentile among comparable filings
- Asset growth: 4.7% per year; rating input score 100; 33rd percentile among comparable filings
Details
- Where the money goes: 76.9% of revenue deployed · 89.1% of spending went to programs
- Governance: 11 of 11 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $12.7M in reported program spending
- Leadership: top reported pay $242K · 17 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.3M reported
- Consistency: 29 of 29 current checks pass
- Schedules: 6 filed schedules · includes executive pay
- Filing history: 10 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 6 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.
- Review — Accountability: Governance controls: CEO compensation review process not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 34/100.
- Moderate — Sustainability: Officer compensation ratio scored 37/100.