Renaissance Academy - a School for the Multi Media Arts
Nonprofit profile at a glance
- EIN
- 800355425
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Columbus, OH, USA
- Phone
- 6148667277
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $1,686,279
- Expenses
- $1,996,591
- Assets
- $925,656
- Liabilities
- $2,579,056
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- BESSIE SHERROD-PRICE (PRESIDENT)
- LLOYD MCCLENDON (VICE PRESIDENT)
Highest reported compensation
- BESSIE SHERROD-PRICE (PRESIDENT): $925 total reported compensation
- LLOYD MCCLENDON (VICE PRESIDENT): $925 total reported compensation
- CAROLYN FIELDS (TREASURER): $925 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To educate and grow the interest of science, technology, engineering, and math in youth through college preparatory and 21st century skills and frameworks for children in kindergarten through twelfth grade.
What it reported doing in 2024
Provided educational services to 127 students.
Operating model
- Revenue model
- Grant-funded. 100% of the money available for current operations came from government grants.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 90
- Accountability: 100
- Sustainability: 18
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 90.2%; rating input score 90
- 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: 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: -18.4%; rating input score 10; 10th percentile among comparable filings
- Total-asset coverage ratio: 0.46; rating input score 22; 22nd percentile among comparable filings
- Liabilities to assets ratio: 2.79; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 0.2%; rating input score 61; 61st percentile among comparable filings
Growth
- Program expense growth: -1.2% per year; rating input score 0; 14th percentile among comparable filings
- Revenue growth: -1.9% per year; rating input score 0; 9th percentile among comparable filings
- Asset growth: 5.6% per year; rating input score 100; 41st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 90.2% of spending went to programs
- Governance: 7 of 7 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.8M in reported program spending
- Leadership: top reported pay $925 · 8 people listed
- Highest-paid contractors: 1 contractor listed · $1.4M reported
- Consistency: 23 of 23 current checks pass
- Schedules: 4 filed schedules
- Filing history: 12 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 6 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.
- High — Sustainability: Operating margin scored 10/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 22/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.