Restore Education Inc

Nonprofit profile at a glance

EIN
262966263
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
San Antonio, TX, USA
Phone
2104326123
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Student Services, Organizations of Students

Official website

Reported finances

Revenue
$9,672,432
Expenses
$9,158,464
Assets
$5,764,062
Liabilities
$1,866,197

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

Leadership & pay

20 people listed

Executive titles in this filing

  • KELLI RHODES (President & CEO)
  • Phyllis Gallay (President & CEO)

Highest reported compensation

  • KELLI RHODES (President & CEO): $150,001 total reported compensation
  • Kerri Rhodes (CHIEF PROG. OFC): $128,051 total reported compensation
  • KIM VINTON (AEL CONS. DIR.): $115,770 total reported compensation

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

Overview

Mission

Restore Education's mission is to restore individuals potential for success on their path to college and career through the transformative power of education.

What it reported doing in 2024

Passport program: provides at-risk, inner-city youth (those who are economically disadvantaged, teen parents, or foster youth) and adults who have dropped out of high school with an opportunity to earn their high school equivalency (hse) credential and prepare for college and careers simultaneously. Students are provided with free, enriched preparation for their hse, including college test preparation, comprehensive college and workforce training services, and wrap-around social support services. In 2023, 2,013 students were placed on a path to self-sufficiency.

Operating model

Revenue model
Grant-funded. 68% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 89% 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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 75
  • Accountability: 79
  • Sustainability: 40
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 88.1%; rating input score 88
  • Program expense ratio: 93%; rating input score 93
  • Fundraising efficiency: $32.38 raised per $1 spent on fundraising; rating input score 71; 71st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • 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: 80%; rating input score 80; 14th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 5.3%; rating input score 51; 51st percentile among comparable filings
  • Total-asset coverage ratio: 0.63; rating input score 23; 23rd percentile among comparable filings
  • Liabilities to assets ratio: 0.32; rating input score 32; 32nd percentile among comparable filings
  • Officer compensation ratio: 6%; rating input score 47; 47th percentile among comparable filings

Growth

  • Program expense growth: 30% per year; rating input score 100; 92nd percentile among comparable filings
  • Revenue growth: 26.2% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: 32.3% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 88.1% of revenue deployed · 93% of spending went to programs
  • Governance: 12 of 15 board members independent · 7 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $8.5M in reported program spending
  • Leadership: top reported pay $150K · 20 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 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.

  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Review — Sustainability: Operating margin scored 51/100.
  • High — Sustainability: Total-asset coverage ratio scored 23/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 32/100.
  • Moderate — Sustainability: Officer compensation ratio scored 47/100.