New Village Academy Public Charter School Inc

Nonprofit profile at a glance

EIN
612064504
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-N 2022
Location
Davidsonville, MD, USA
Phone
4103536577
Rating
59
Verdict
MIXED
Rating confidence
Moderate
Sector
Charter Schools

Official website

Reported finances

Revenue
$1,073,708
Expenses
$456,539
Assets
$1,081,758
Liabilities
$103,532

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • ANNE ROMEYN PITTMAN HEAD OF (SCHOOL AND EXECUTIVE DIRECTOR)
  • DARIUS STANTON (PRESIDENT)
  • MONICA LINDSEY (VICE PRESIDENT)

Highest reported compensation

  • ANNE ROMEYN PITTMAN HEAD OF (SCHOOL AND EXECUTIVE DIRECTOR): $97,500 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To ensure that every student is known, connected, empowered, and accountable so that they will have the will and the skill to take charge of their own educational future, using annapolis as their classroom.

What it reported doing in 2024

Facility identification, design, securing and construction - new village academy program for fy25 is the work of launching the new school. First and foremost was the work of securing a facility for the school to operate. This work involved a comprehensive search for locations, negotiating leases (for multiple possible locations), and designing and constructing a facility ideally suited to the school's educational program. The school was able to identify and design and permit construction work for a space at annapolis mall. However, the mall's ownership changed hands shortly before the lease was finalized, forcing the school to delay opening for a year while it was determined if the new owner would be amenable to renegotiating the lease with the school.

Operating model

Revenue model
Grant-funded. 81% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 34
  • Transparency & Controls: 71
  • Accountability: 90
  • Sustainability: 71
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 18.5%; rating input score 18
  • Program expense ratio: 43.1%; rating input score 43
  • Fundraising efficiency: $125.77 raised per $1 spent on fundraising; rating input score 89; 89th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 19th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • 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: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 57.5%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 2.37; rating input score 69; 69th percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 43; 43rd percentile among comparable filings
  • Officer compensation ratio: 21.4%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: -80.7% per year; rating input score 0; 0th percentile among comparable filings
  • Revenue growth: 54.9% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 169.1% per year; rating input score 100; 100th percentile among comparable filings

Details

  • Where the money goes: 18.5% of revenue deployed · 43.1% of spending went to programs
  • Governance: 15 of 15 board members independent · 6 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $197K in reported program spending
  • Leadership: top reported pay $98K · 19 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $195K reported
  • Consistency: 25 of 25 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 18/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 43/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 43/100.