Meeting Street
Nonprofit profile at a glance
- EIN
- 050269232
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Providence, RI, USA
- Phone
- 4015339100
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Rehabilitative Medical Services
Reported finances
- Revenue
- $25,603,919
- Expenses
- $28,100,529
- Assets
- $76,335,731
- Liabilities
- $40,941,488
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
28 people listed
Executive titles in this filing
- John M Kelly (President)
Highest reported compensation
- John M Kelly (President): $865,967 total reported compensation
- Denise Parent (Chief Business Officer): $395,187 total reported compensation
- Nazik Fernandes (CHIEF FINANCIAL OFFICER): $192,450 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provides comprehensive educational and therapeutic services to children with and without special needs.
What it reported doing in 2024
Each year meeting street serves approximately 5,000 children of all abilities in a variety of inclusive settings. Our early childhood services team works with children from prenatal to kindergarten across a variety of programs, including early head start (program supports parents' efforts to fulfill their parental roles and move families toward self-sufficiency; serves children birth to age three and their families in providence); early intervention (services for children birth to age three with developmental delays, disabilities, or who are at risk); early learning center (nationally accredited center for children of all abilities age six weeks through pre kindergarten); healthy families america (national evidence-based maternal and child home visiting program that pairs expectant mothers or families with newborns with a family support workers); state pre-k (state funded program providing free, high quality pre kindergarten classes; and wic (program offers nutrition advice and provides checks for healthy food to qualifying families). Our school age services team serves children and adolescents from kindergarten to age twenty two across two programs. The grace school (k-8) is our inclusive school providing rigorous academics and individualized instruction for students with and without disabilities. The carter school (high school) supports education, vocational opportunities, and recreational and social activities for students with disabilities tailored to each student's specific interests and abilities.
Operating model
- Revenue model
- Earned-program. 69% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 83% 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. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 96
- Accountability: 100
- Sustainability: 32
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.9%; rating input score 86
- Program expense ratio: 77.2%; rating input score 77
- Fundraising efficiency: $7.59 raised per $1 spent on fundraising; rating input score 31; 31st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- 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: 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: -9.8%; rating input score 10; 10th percentile among comparable filings
- Total-asset coverage ratio: 2.72; rating input score 72; 72nd percentile among comparable filings
- Liabilities to assets ratio: 0.54; rating input score 26; 26th percentile among comparable filings
- Officer compensation ratio: 7.8%; rating input score 30; 30th percentile among comparable filings
Growth
- Program expense growth: 3.8% per year; rating input score 100; 32nd percentile among comparable filings
- Revenue growth: 3.3% per year; rating input score 100; 28th percentile among comparable filings
- Asset growth: 6.1% per year; rating input score 100; 43rd percentile among comparable filings
Details
- Where the money goes: 85.9% of revenue deployed · 77.2% of spending went to programs
- Governance: 20 of 20 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $21.7M in reported program spending
- Leadership: top reported pay $866K · 28 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2.2M reported
- Consistency: 37 of 37 current checks pass
- Schedules: 11 filed schedules · includes major donors, grants, and executive pay
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Related organizations: 6 filed related-organization links
- 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.
- Moderate — Financial Efficiency: Fundraising efficiency scored 31/100.
- High — Sustainability: Operating margin scored 10/100.
- High — Sustainability: Liabilities to assets ratio scored 26/100.
- Moderate — Sustainability: Officer compensation ratio scored 30/100.