LAYC Career Academy
Legal name: Layc Career Academy Public Charter School
Nonprofit profile at a glance
- EIN
- 454928100
- IRS 990 coverage
- 2013–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Washington, DC, USA
- Phone
- 2023192228
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $6,480,400
- Expenses
- $4,514,307
- Assets
- $18,649,894
- Liabilities
- $13,696,442
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- NICOLE HANRAHAN (EXECUTIVE DIRECTOR)
Highest reported compensation
- NICOLE HANRAHAN (EXECUTIVE DIRECTOR): $160,618 total reported compensation
- DR JACQUELINE FERNANDEZ (SCHOOL PRINCIPAL): $136,845 total reported compensation
- IVETTE CRUZ (DIRECTOR OF ACADEMICS): $120,750 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Layc career academy engages and empowers older youth and young adults by providing a college preparatory education, career training in high-growth occupations and/or college-credit classes.
What it reported doing in 2024
Layc career academy engages and empowers young people between the ages of 16 and 30 by providing a college preparatory education, career training in high-growth occupations and/or college-credit classes and the confidence to succeed in college and careers. Ninety five percentof our students are working or in school within six months of graduation.
Operating model
- Revenue model
- Earned-program. 71% 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
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 65
- Accountability: 100
- Sustainability: 67
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 65.1%; rating input score 65
- Program expense ratio: 95.2%; rating input score 95
- Fundraising efficiency: $34.82 raised per $1 spent on fundraising; rating input score 72; 72nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- 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: 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: 30.3%; rating input score 84; 84th percentile among comparable filings
- Total-asset coverage ratio: 4.13; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0.73; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 14%; rating input score 20; 20th percentile among comparable filings
Growth
- Program expense growth: 4.8% per year; rating input score 100; 39th percentile among comparable filings
- Revenue growth: 4.4% per year; rating input score 100; 37th percentile among comparable filings
- Asset growth: 23.3% per year; rating input score 100; 88th percentile among comparable filings
Details
- What they do: 5 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 65.1% of revenue deployed · 95.2% of spending went to programs
- Governance: 10 of 10 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $4.3M in reported program spending
- Leadership: top reported pay $161K · 15 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $762K reported
- Consistency: 31 of 31 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 12/100.
- High — Sustainability: Officer compensation ratio scored 20/100.