Millennium Charter High School
Nonprofit profile at a glance
- EIN
- 454499554
- IRS 990 coverage
- 2013–2018
- Forms available
- Form 990 2018
- Location
- Salinas, CA, USA
- Phone
- 8317587952
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Secondary, High School
Reported finances
- Revenue
- $1,569,312
- Expenses
- $1,547,285
- Assets
- $75,482
- Liabilities
- $157,629
Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- JOSE ARREOLA (PRESIDENT)
- TAD KUMAGAI (VICE PRESIDENT)
Highest reported compensation
- MALISSA BURNS (SUPERINTENDENT/PRINCIPAL): $133,384 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Millennium charter high school graduates will be prepared for college and ready for employment in the evolving world of media arts technology through a balance of traditional academics and real-world, hands-on experiences. Students will discover their unique gifts and talents and how to use them as they work individually and collaboratively. Engaged and educated in a true community of learners, students will be empowered to realize their dreams.
What it reported doing in 2018
To operate a charter school providing curriculum and instruction based on hands-on learning in the arts and technology to the monterey county area.
Operating model
- Revenue model
- Grant-funded. 97% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 90
- Accountability: 95
- Sustainability: 26
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.4%; rating input score 82
- Program expense ratio: 83.6%; rating input score 84
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 1.4%; rating input score 43; 43rd percentile among comparable filings
- Total-asset coverage ratio: 0.05; rating input score 3; 3rd percentile among comparable filings
- Liabilities to assets ratio: 2.09; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 8.6%; rating input score 41; 41st percentile among comparable filings
Growth
- Program expense growth: 6.7% per year; rating input score 100; 59th percentile among comparable filings
- Revenue growth: 8.9% per year; rating input score 100; 69th percentile among comparable filings
- Asset growth: -2.2% per year; rating input score 0; 20th percentile among comparable filings
Details
- Where the money goes: 82.4% of revenue deployed · 83.6% of spending went to programs
- Governance: 12 of 12 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.3M in reported program spending
- Leadership: top reported pay $133K · 13 people listed
- Consistency: 29 of 29 current checks pass
- Schedules: 4 filed schedules
- Filing history: 5 filing years from 2013 to 2018
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Sustainability: Total-asset coverage ratio scored 3/100.
- Moderate — Sustainability: Operating margin scored 43/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.
- Moderate — Sustainability: Officer compensation ratio scored 41/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.
- High — Grant Readiness: California registration: this organization is recorded as not currently operating in California.