Prime Time Palm Beach County Inc

What it reported doing in 2024

Program Enrichment: For more than 25 years, Prime Time has supported the out-of-school time field locally, at the state and national levels. Prime Time works with out-of-school time (OST) programs that are participants of the Palm Beach County Quality Improvement System (QIS) to maintain or increase their program quality. Using the Palm Beach County Quality Standards for Afterschool as the foundation for the work, Prime Time guides OST program directors, program managers and staff in identifying and implementing opportunities to improve the overall quality of the program. (Continued on Schedule O)In 2024-2025, 143 OST programs participated in the Palm Beach County Quality Improvement System, giving them the opportunity to receive Prime Time's suite of offerings. Of the 143 programs, there were: 5 charter schools31 community-based centers 23 early learning centers15 middle schools4 municipalities65 school district programsThis fiscal year also marks a five-year partnership with the Children's Services Council of Martin County, sharing best practices and lessons learned with 12 community-based organizations. To give Palm Beach County's children and youth access to a wide range of experiences and reduce the opportunity gap for children who have limited access to them, Prime Time partners with local organizations to offer expanded learning opportunities at no cost to eligible afterschool and summer programs. In 2024-2025, Prime Time impacted more than 32,000 children and youth by giving them access to hands-on enrichment activities provided by local content experts such as Digital Vibez and Green Mouse Academy.

Financial Efficiency

• Mission deployment rate: 94.1%; rating input score 94
• Program expense ratio: 93.6%; rating input score 94
• Fundraising efficiency: $339.22 raised per $1 spent on fundraising; rating input score 94; 94th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• 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: 9 of 9 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: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -0.5%; rating input score 31; 31st percentile among comparable filings
• Total-asset coverage ratio: 0.2; rating input score 6; 6th percentile among comparable filings
• Liabilities to assets ratio: 0.53; rating input score 20; 20th percentile among comparable filings
• Officer compensation ratio: 3.6%; rating input score 65; 65th percentile among comparable filings

Growth

• Program expense growth: 6.3% per year; rating input score 100; 47th percentile among comparable filings
• Revenue growth: 5.9% per year; rating input score 100; 48th percentile among comparable filings
• Asset growth: 7.9% per year; rating input score 100; 49th percentile among comparable filings