Koinonia Hybrid Academy
Nonprofit profile at a glance
- EIN
- 332503082
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024
- Location
- Brentwood, TN, USA
- Phone
- 6153352484
- Rating
- 38
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Affiliation
- Christianity
Reported finances
- Revenue
- $10,120
- Expenses
- $1,116
- Assets
- $9,004
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Nicholas Bulso (Director, President)
People named in this filing
- Emma Bulso (Director, Secretary)
- Nicholas Bulso (Director, President)
- Caroline Hartley (Director)
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
Koinonia Hybrid Academy is a PreK3 to 8th Grade Catholic hybrid school that partners with parents as the primary educators of their children to provide both a foundational education and spiritual formation to its students. The school establishes a common location where a regular faculty retained by the school provides instruction to students in a classroom setting on two days of the week. During the remainder of the week, the school guides parents in the instruction of their children at home using the curriculum developed by the school, lesson plans prepared by the school and its faculty, and regular communication and meetings between teachers and parents. The school takes attendance, administers and grades tests, and reports grades and all other required information to the appropriate state-level body. The school incorporates Catholic Mass, prayer, sacramental preparation, and spiritual development and formation into its academic instruction.
What it reported doing in 2024
Koinonia Hybrid Academy commenced its first academic year on August 14, 2025. Prior to that time, the board of directors met to establish the corporation's charter and bylaws, the school's handbook, policies, procedures, curriculum, lesson plans, and to interview staff members and student applicants. The board also conducted a search to find a suitable location from which to provide educational instruction to enrolled students.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
REVIEW - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 92
- Accountability: 30
- Sustainability: 79
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- 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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 89%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 8.07; rating input score 59; 59th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 0 of 6 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 39 of 39 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Contacts: How to reach this organization
- 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 — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Accountability: Independent voting board scored 0/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Review — Sustainability: Total-asset coverage ratio scored 59/100.