Little Red School House and Elisabeth Irwin High School

What it reported doing in 2024

At lrei (little red school house & elisabeth irwin high school) we understand that students learn best when they are engaged. Our progressive program is rooted in a fundamental love of learning and a connection to the real world. Our teachers, experts in their fields, encourage children to use their curiosity, compassion and imagination to think deeply and to participate in finding solutions to real problems. (see schedule o for additional information) we understand that the world around us particularly our ever vibrant home, New York city is the best place to learn. You'll find our students asking questions about green design at the high line, filming a documentary on coney island's boardwalk and volunteering at the local food pantry we've partnered with for years. We provide a rich and challenging progressive program for bright, inquisitive students who bring a range of abilities and interests to their collective study of the world. Our school is a community built on understanding and respect for others. Like New York city, this community is diverse in every sense, with a variety of family structures and beliefs, as well as other, more familiar definitions of diversity (racial, ethnic, socioeconomic, religious). Our interdisciplinary curriculum and schoolwide social justice initiatives promote understanding of many cultures. As individual achievement is encouraged and rewarded, our program underscores the value of shared goals and cooperation in mastering difficult tasks. By the time lrei students graduate, they are ready to make their marks on their university campuses because they have learned to be active citizens in their school, city and global communities.

Financial Efficiency

• Mission deployment rate: 79.9%; rating input score 80
• Program expense ratio: 76.3%; rating input score 76
• Fundraising efficiency: $3.71 raised per $1 spent on fundraising; rating input score 14; 14th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 90.9%; rating input score 91; 23rd 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: -5.4%; rating input score 16; 16th percentile among comparable filings
• Total-asset coverage ratio: 1.18; rating input score 42; 42nd percentile among comparable filings
• Liabilities to assets ratio: 0.53; rating input score 26; 26th percentile among comparable filings
• Officer compensation ratio: 6.7%; rating input score 37; 37th percentile among comparable filings

Growth

• Program expense growth: 3.1% per year; rating input score 100; 27th percentile among comparable filings
• Revenue growth: 3.7% per year; rating input score 100; 31st percentile among comparable filings
• Asset growth: 3.1% per year; rating input score 100; 23rd percentile among comparable filings