Northeast Kingdom Learning Services Inc
Nonprofit profile at a glance
- EIN
- 223113459
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Newport, VT, USA
- Phone
- 8023346532
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Adult, Continuing Education
Reported finances
- Revenue
- $3,127,326
- Expenses
- $3,168,616
- Assets
- $2,057,792
- Liabilities
- $1,781,031
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- MICHELLE FAUST (EXECUTIVE DIRECTOR)
Highest reported compensation
- MICHELLE FAUST (EXECUTIVE DIRECTOR): $97,978 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Nekls offers comprehensive educational programs and services to community members who would like to advance their education, workplace skills, or attain a high school diploma/equivalency. In addition, nekls provides early education and childcare service for children and families.
What it reported doing in 2024
Northeast kingdom learning services, inc. (nekls) was founded in the mid-1960s by eva warner, who began by teaching adults to read at their kitchen tables. Over the past 65 years, nekls has expanded its services to provide adult education and literacy programs, including pathways to earning a ged or high school diploma, english language learning, and the step up to workforce pre-training program. This initiative equips adults in Vermont's northeast kingdom with the skills needed for entry-level positions in high-demand industries.in addition to adult education, nekls supports k-12 students through a tutorial program that collaborates with local schools to enhance academic achievement. The organization also operates a 5-star-rated child care center in newport, vt, serving over 85 children from six weeks to twelve years old with high-quality early education and care.guided by its mission to inspire and empower learners from birth and beyond, nekls envisions a community of lifelong learners reaching their full potential. The organization upholds core values centered on fostering relationships, celebrating growth, maintaining transparency, advocating with passion, embracing change, and modeling humility and kindness. Nekls remains committed to making the impossible possible for learners of all ages.
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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 29
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.6%; rating input score 85
- Program expense ratio: 84.4%; rating input score 84
- Fundraising efficiency: $21.39 raised per $1 spent on fundraising; rating input score 61; 61st percentile among comparable filings
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: 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: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -1.3%; rating input score 28; 28th percentile among comparable filings
- Total-asset coverage ratio: 0.65; rating input score 24; 24th percentile among comparable filings
- Liabilities to assets ratio: 0.87; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 3.1%; rating input score 68; 68th percentile among comparable filings
Growth
- Program expense growth: 0.4% per year; rating input score 100; 15th percentile among comparable filings
- Revenue growth: 1.6% per year; rating input score 100; 18th percentile among comparable filings
- Asset growth: 3.2% per year; rating input score 100; 25th percentile among comparable filings
Details
- Where the money goes: 84.6% of revenue deployed · 84.4% of spending went to programs
- Governance: 7 of 7 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $2.7M in reported program spending
- Leadership: top reported pay $98K · 10 people listed
- Consistency: 33 of 33 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 10 filing years from 2011 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.
- 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.
- High — Sustainability: Operating margin scored 28/100.
- High — Sustainability: Total-asset coverage ratio scored 24/100.
- Review — Accountability: Governance controls: CEO compensation review process not reported.
- High — Sustainability: Liabilities to assets ratio scored 9/100.