Primary Hall Preparatory Charter School
Nonprofit profile at a glance
- EIN
- 843937300
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024
- Location
- Buffalo, NY, USA
- Phone
- 7165974373
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $3,403,887
- Expenses
- $3,484,481
- Assets
- $2,697,544
- Liabilities
- $2,443,422
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- ARIELLE PETERSON (EXECUTIVE DIRECTOR)
Highest reported compensation
- ARIELLE PETERSON (EXECUTIVE DIRECTOR): $140,411 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Through rigorous curriculum, individualized supports, and positive character development, primary hall preparatory charter school (phpcs) ensures all students in kindergarden through fifth grade are prepared for academic and personal success in middle school, high school, and college. At the core of primary hall's mission is the belief in academics, access, and impact.
What it reported doing in 2024
Phpcs model focuses on foundational education in literacy and mathematics, character development, and esures that each student is receiving tailored instruction via individualized results.
Operating model
- Revenue model
- Earned-program. 92% 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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 61
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 29
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 68.7%; rating input score 69
- Program expense ratio: 67.4%; rating input score 67
- 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: 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: -2.4%; rating input score 26; 26th percentile among comparable filings
- Total-asset coverage ratio: 0.77; rating input score 29; 29th percentile among comparable filings
- Liabilities to assets ratio: 0.91; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 4%; rating input score 61; 61st percentile among comparable filings
Growth
- Program expense growth: 41.1% per year; rating input score 100; 96th percentile among comparable filings
- Revenue growth: 29.4% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: 29.8% per year; rating input score 100; 93rd percentile among comparable filings
Details
- Where the money goes: 68.7% of revenue deployed · 67.4% of spending went to programs
- Governance: 7 of 7 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $2.4M in reported program spending
- Leadership: top reported pay $140K · 8 people listed
- Highest-paid contractors: 2 contractors listed · $466K reported
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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 — Sustainability: Operating margin scored 26/100.
- High — Sustainability: Total-asset coverage ratio scored 29/100.
- High — Sustainability: Liabilities to assets ratio scored 7/100.