Omni Schools Inc
Nonprofit profile at a glance
- EIN
- 264207838
- IRS 990 coverage
- 2009–2014
- Forms available
- Form 990 2014
- Location
- Memphis, TN, USA
- Phone
- 9018284912
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $2,798,963
- Expenses
- $2,499,803
- Assets
- $1,242,353
- Liabilities
- $748,361
Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- MARC WILLIS (PRESIDENT & CEO)
- CARY BOOKER (VICE PRESIDENT OF COMMUNICATIONS & SPECIAL PROJECT)
- MARY MITCHELL (EXECUTIVE DIRECTOR)
Highest reported compensation
- MARC WILLIS (PRESIDENT & CEO): $106,100 total reported compensation
- CARY BOOKER (VICE PRESIDENT OF COMMUNICATIONS & SPECIAL PROJECT): $92,500 total reported compensation
- MARY MITCHELL (EXECUTIVE DIRECTOR): $89,155 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To prepare our students to thrive in college and become leaders in their pursuits after high school. This means getting accepted, going, staying, and graduating from college all with a broader understanding and deeper experiences.
What it reported doing in 2014
To provide facilities, institutions and other resources for nurturing and facilitating the growth and development of children and young people in academic, musical, personal and other ways.
Operating model
- Revenue model
- Earned-program. 89% of the money available for current operations came from fees and other program revenue.
- 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. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 92
- Accountability: 90
- Sustainability: 45
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 68.4%; rating input score 68
- Program expense ratio: 76.6%; rating input score 77
- 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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 81.8%; rating input score 82; 15th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- 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: 10.7%; rating input score 71; 71st percentile among comparable filings
- Total-asset coverage ratio: 0.5; rating input score 24; 24th percentile among comparable filings
- Liabilities to assets ratio: 0.6; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 11.5%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: 25.4% per year; rating input score 100; 88th percentile among comparable filings
- Revenue growth: 20.7% per year; rating input score 100; 88th percentile among comparable filings
- Asset growth: 38.1% per year; rating input score 100; 95th percentile among comparable filings
Details
- Where the money goes: 68.4% of revenue deployed · 76.6% of spending went to programs
- Governance: 9 of 11 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.9M in reported program spending
- Leadership: top reported pay $106K · 12 people listed
- Consistency: 30 of 30 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 6 filing years from 2009 to 2014
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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 24/100.
- High — Sustainability: Officer compensation ratio scored 19/100.
- High — Sustainability: Liabilities to assets ratio scored 22/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.