Next Charter School
Nonprofit profile at a glance
- EIN
- 455616935
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024, Form 990-EZ 2012
- Location
- Derry, NH, USA
- Phone
- 6034376398
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $1,920,229
- Expenses
- $1,769,322
- Assets
- $2,173,546
- Liabilities
- $1,404,477
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Highest reported compensation
- EMILY WHALEN (HEAD OF SCHO): $121,206 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mision of next charter school is to meet the needs of students not fully served within a traditional high school educational program, and to employ a system of instructional and assessment pratices that values competency, inquiry, flexibility, and the social nature of learning so that students will graduate and initiate post-secondary learning options.
What it reported doing in 2024
Next charter school is a non-profit organization dedicated to providing an alternative option to high school students in the derry, nh area organized as a 501 (c)(3) organization. Next charter school is dedicated to meeting the needs of students not fully served within a traditional high school education program and to employ a system of instructional and assessment practices that values competency, inquiry, flexibility and the social nature so that the student will graduate and initiate post-secondary learning options.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 64
- Transparency & Controls: 92
- Accountability: 90
- Sustainability: 48
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 70.1%; rating input score 70
- Program expense ratio: 75.6%; rating input score 76
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- 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: Fail
- 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: 7.9%; rating input score 57; 57th percentile among comparable filings
- Total-asset coverage ratio: 1.23; rating input score 49; 49th percentile among comparable filings
- Liabilities to assets ratio: 0.65; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 6.9%; rating input score 47; 47th percentile among comparable filings
Growth
- Program expense growth: 10.9% per year; rating input score 100; 65th percentile among comparable filings
- Revenue growth: 12.1% per year; rating input score 100; 72nd percentile among comparable filings
- Asset growth: 18.7% per year; rating input score 100; 80th percentile among comparable filings
Details
- Where the money goes: 70.1% of revenue deployed · 75.6% of spending went to programs
- Governance: 12 of 12 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.3M in reported program spending
- Leadership: top reported pay $121K · 13 people listed
- Consistency: 29 of 29 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 12 filing years from 2013 to 2024
- 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.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- Review — Sustainability: Operating margin scored 57/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
- High — Sustainability: Liabilities to assets ratio scored 12/100.
- Moderate — Sustainability: Officer compensation ratio scored 47/100.