Reid Day School & Center for Brain Based Excellence
Nonprofit profile at a glance
- EIN
- 472330966
- IRS 990 coverage
- 2015–2015
- Forms available
- Form 990 2015
- Location
- Costa Mesa, CA, USA
- Phone
- 9496809592
- Rating
- 65
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Alliance/Advocacy Organizations
Reported finances
- Revenue
- $264,038
- Expenses
- $164,868
- Assets
- $154,627
- Liabilities
- $65,812
Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- LISA REID (President & CEO)
- DAVID REID (Vice President)
Highest reported compensation
- LISA REID (President & CEO): $725 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote excellence in twice-exceptional education through a unique understanding and respect toward the inner integrity of each student.
What it reported doing in 2015
The school was opened in September 2015 for gifted children in grades 1-6 who have learning challenges including dyslexia, dysgraphia, anxiety, adhd, ocd, auditory processing disorders and mild autism spectrum disorders. The school provided full-time school programs to 7 students, therapy to more than 20 children, continuing parent education to more than 300 parents in the local community and teacher training to more than 1,000 educators.
Operating model
- Revenue model
- Donor-supported. 82% of the money available for current operations came from contributions and gifts.
- 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 most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 50
- Transparency & Controls: 100
- Accountability: 60
- Sustainability: 62
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 45.9%; rating input score 46
- Program expense ratio: 73.4%; rating input score 73
- 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: 75%; rating input score 75; 18th percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 37.6%; rating input score 91; 91st percentile among comparable filings
- Total-asset coverage ratio: 0.94; rating input score 42; 42nd percentile among comparable filings
- Liabilities to assets ratio: 0.43; rating input score 17; 17th percentile among comparable filings
- Officer compensation ratio: 0.4%; rating input score 45; 45th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 45.9% of revenue deployed · 73.4% of spending went to programs
- Governance: 3 of 4 board members independent · 3 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $121K in reported program spending
- Leadership: top reported pay $725 · 4 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 46/100.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
- High — Sustainability: Liabilities to assets ratio scored 17/100.
- Moderate — Sustainability: Officer compensation ratio scored 45/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.