Newburgh Preparatory Charter High School

Nonprofit profile at a glance

EIN
461610910
IRS 990 coverage
2013–2018
Forms available
Form 990 2018, Form 990-EZ 2012
Location
Newburgh, NY, USA
Phone
8455654040
Rating
46
Verdict
MIXED
Rating confidence
Moderate
Sector
Secondary, High School

Official website

Reported finances

Revenue
$-55,621
Expenses
$136,615
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • LISA SILVERSTONE (PRESIDENT)
  • REGINA CIESLAK (VICE PRESIDENT)

Highest reported compensation

  • CHERYL GROSS (COMPTROLLER): $12,721 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The founding group and board of trustees have a core belief that students who have left high school before graduations, or who have not had academic success in a traditional school environment, have the right to a free and appropriate education. We believe that education is key for transitioning into self-sufficiency. With individualized attention, planning, and programming, all students can learn, can graduate, can go to college, and can have a successful career.

What it reported doing in 2018

As of june 30, 2018, the newburgh preparatory charter high school has permanently discontinued their operations as a charter school. The charter school operations have ceased due to the board of regents of the university of the state of New York not renewing the organization's provisional charter. As of december 31, 2018, the charter school has liquidated all of its assets and recorded all expenses associated with winding down their operations.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
No current program activity. The filing reports no program spending for the current year.

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: 0
  • Transparency & Controls: 90
  • Accountability: 95
  • Sustainability: 6
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • 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; 64th 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: -345.6%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 9.3%; rating input score 17; 17th percentile among comparable filings

Growth

  • Program expense growth: -25.2% per year; rating input score 0; 19th percentile among comparable filings
  • Revenue growth: -2.8% per year; rating input score 0; 52nd percentile among comparable filings
  • Asset growth: -1.1% per year; rating input score 0; 41st percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 8 of 8 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $13K · 9 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 5 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.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Sustainability: Operating margin scored 8/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 17/100.