Queen of Heaven Academy

Nonprofit profile at a glance

EIN
471336045
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Fort Worth, TX, USA
Phone
8178052818
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Elementary, Secondary Education, K - 12
Affiliation
Christianity

Reported finances

Revenue
$975,806
Expenses
$948,120
Assets
$1,668,020
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • WENDY PIERCE (PRESIDENT)
  • PETER CAPANI (VICE PRESIDENT)

Highest reported compensation

  • WENDY PIERCE (PRESIDENT): $71,500 total reported compensation
  • SARAH CARMONA (TREASURER): $65,600 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

It is the academy's mission to be "beautiful indeed" by assisting parents in their holy duty to form their children in the image of christ. In divine hope, we lift our eyes toward the day when the answer to the high priestly prayer's answer will be visible to men and to angels.

What it reported doing in 2024

The academy offers live, interactive online courses to home-schooled students and students enrolled in private schools. The curriculum provides discussion of various areas of study with teachers and peers using audio, video, text, and whiteboard. Teachers and staff provide accountability by providing scheduled classes, daily lesson plans, and frequent assessment of course material. Since its inception in 1995, queen of heaven academy has successfully enrolled home-schooled students in its online 4th - 12th grade programs. The qha curriculum is also used in catholic schools and support groups located in the united states and canada. Students, full-time and part-time, enroll in queen of heaven academy.

Operating model

Revenue model
Earned-program. 98% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 90
  • Accountability: 49
  • Sustainability: 52
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.9%; rating input score 80
  • Program expense ratio: 82.3%; rating input score 82
  • 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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 60%; rating input score 60; 12th percentile among comparable filings
  • Governance controls: 3 of 9 controls in place; rating input score 33
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 2.8%; rating input score 44; 44th percentile among comparable filings
  • Total-asset coverage ratio: 1.76; rating input score 61; 61st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 14.5%; rating input score 24; 24th percentile among comparable filings

Growth

  • Program expense growth: 0.4% per year; rating input score 100; 19th percentile among comparable filings
  • Revenue growth: 2.8% per year; rating input score 100; 29th percentile among comparable filings
  • Asset growth: 17.7% per year; rating input score 100; 78th percentile among comparable filings

Details

  • Where the money goes: 79.9% of revenue deployed · 82.3% of spending went to programs
  • Governance: 3 of 5 board members independent · 3 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $781K in reported program spending
  • Leadership: top reported pay $72K · 5 people listed
  • Consistency: 20 of 20 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 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.

  • Moderate — Accountability: Governance controls: 5 of 8 not reported.
  • Moderate — Sustainability: Operating margin scored 44/100.
  • High — Sustainability: Officer compensation ratio scored 24/100.