Maria L Varisco Rogers Charter School
Nonprofit profile at a glance
- EIN
- 223642867
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Newark, NJ, USA
- Phone
- 9734819001
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Elementary, Secondary Education, K - 12
Reported finances
- Revenue
- $13,716,970
- Expenses
- $11,994,752
- Assets
- $16,031,281
- Liabilities
- $7,602,185
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Highest reported compensation
- TERESA SEGARRA (LEAD PERSON/EXECUTIVE DIRE): $384,163 total reported compensation
- JOSE SEGARRA (SCHOOL BUSINESS ADMINISTRA): $326,997 total reported compensation
- GYNISE GOTTO (DIRECTOR OF POLICY & PROCE): $246,892 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Maria l varisco-rodgers charter school's mission is to improve the educational achievement of all pupils based on the belief that all children can learn.
What it reported doing in 2024
Maria l varisco-rogers charter school provides a full range of educational services appropriate to students in kindergarten through grade 8 these educational services include social, health and community development, as well as special education services and basic skills development the charter school concluded the 2019-2020 school year with an enrollment of 572 students.
Operating model
- Revenue model
- Grant-funded. 96% 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 most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 65
- Accountability: 100
- Sustainability: 52
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.5%; rating input score 78
- Program expense ratio: 89.7%; rating input score 90
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd 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; 66th 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: 12.6%; rating input score 72; 72nd percentile among comparable filings
- Total-asset coverage ratio: 1.34; rating input score 47; 47th percentile among comparable filings
- Liabilities to assets ratio: 0.47; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 14.6%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: 3.9% per year; rating input score 100; 33rd percentile among comparable filings
- Revenue growth: 5.2% per year; rating input score 100; 46th percentile among comparable filings
- Asset growth: 11.1% per year; rating input score 100; 69th percentile among comparable filings
Details
- Where the money goes: 78.5% of revenue deployed · 89.7% of spending went to programs
- Governance: 11 of 11 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $10.8M in reported program spending
- Leadership: top reported pay $384K · 18 people listed · 0 of 6 pay-setting controls reported
- Consistency: 29 of 29 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 7 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
- High — Sustainability: Officer compensation ratio scored 9/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.