Potomac Lighthouse Public Charter School
Nonprofit profile at a glance
- EIN
- 201309661
- IRS 990 coverage
- 2011–2012
- Forms available
- Form 990 2012
- Location
- Washington, DC, USA
- Phone
- 5086260901
- Rating confidence
- Limited
- Sector
- Charter Schools
Reported finances
- Revenue
- $6,224,832
- Expenses
- $6,262,327
- Assets
- $642,711
- Liabilities
- $421,187
Source: IRS Form 990. Selected filing: tax year 2012. Amounts in USD.
Leadership & pay
9 people listed
Source: IRS Form 990. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Public charter school serving grades pre-kindergarten through 7th in the district of columbia
What it reported doing in 2012
Public charter school providing educational services to children in grades pre-k through grade 7 in the district of columbia.
Operating model
- Revenue model
- Earned-program. 91% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 18
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 60th 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; 65th 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: -0.6%; rating input score 32; 32nd percentile among comparable filings
- Total-asset coverage ratio: 0.1; rating input score 3; 3rd percentile among comparable filings
- Liabilities to assets ratio: 0.66; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: 15.6% per year; rating input score 100; 82nd percentile among comparable filings
- Asset growth: 0.9% per year; rating input score 100; 40th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 7 of 7 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $5.5M in reported program spending
- Leadership: top reported pay $121K · 9 people listed
- Highest-paid contractors: 5 contractors listed
- Consistency: 20 of 20 current checks pass
- Schedules: 7 filed schedules · includes major donors
- Filing history: 2 filing years from 2011 to 2012
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 32/100.
- High — Sustainability: Total-asset coverage ratio scored 3/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.