Rhode Island Education Collective

What it reported doing in 2024

Program service accomplishments (ri education collective 2024) activity: advocacy, family engagement, and education innovation objectives (2024): the Rhode Island education collective (riec) worked to ensure equitable access to high-quality public education for all students, particularly children of color, multilingual learners, immigrant families, and those historically underserved. Our goals were to empower families, strengthen community voice, support innovative school development, and influence policy and practice to close opportunity gaps. Accomplishments (quantitative): family and parent leadership: launched madres para la educacin, engaging nearly 100 mothers (including a listening session with over 80 moms) to elevate family voices in shaping education policy. Moms participated in dinner conversations, advocacy workshops, and meetings with governor dan mckee to discuss his learn 365 education initiative. Community convenings: in june 2024, hosted three days of connect. Engage. Empower. Sessions, bringing together 100+ participants (29% parents, 23% educators, 21% community leaders, 13% students, 4% elected officials, 4% business leaders). 98% of attendees affirmed that all Rhode Island stakeholders can work together to ensure every child has access to a great public school. Incubation projects: advanced five incubation projects addressing systemic gaps, including: supporting multilingual learners, newcomers, and refugee students (engaging 46 stakeholders in multiple districts). Improving charter school facilities in partnership with the ri league of charter schools. Supporting blackstone valley prep's expansion of 170 new high school seats. Partnering with the treasurer's office to expand ri able accounts, with a goal of increasing enrollment by 150% by 2026. Charter school development: provided technical assistance for new school proposals, including: medical preparatory academy of ri (received preliminary approval, aiming to open in 2025). New england tech academy (neta), a proposed high school offering pre-engineering, computer science, and health sciences pathways. Together, these proposals represent 1,750 new high-quality seats for Rhode Island students. Grantmaking & direct support: awarded $44,000 in summer learning grants to 7 organizations, reaching hundreds of multilingual learners and differently-abled students across woonsocket, central falls, providence, johnston, and newport. Community partnerships: collaborated with providence promise, autism included, cape verdean museum, community angels, firstworks, project goal, and quisqueya in action to broaden family outreach and strengthen grassroots advocacy. Student attendance & family supports: funded the central falls school district's parent outreach worker program to improve student attendance by 5% in 2024 - 2025, reducing unexcused absenteeism to below 20%, and helping newcomer families transition successfully.

Financial Efficiency

• Mission deployment rate: 19.4%; rating input score 19
• Program expense ratio: 69%; rating input score 69
• Fundraising efficiency: $43.29 raised per $1 spent on fundraising; rating input score 76; 76th percentile among comparable filings

Transparency & Controls

• Consistency checks: 92.9%; rating input score 93; 13th 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: Pass
  • Written employment contract: Pass
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 64.3%; rating input score 64; 18th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 66.7%; rating input score 67; 11th percentile among comparable filings
• Governance controls: 6 of 8 controls in place; rating input score 75
  • 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: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 72%; rating input score 96; 96th percentile among comparable filings
• Total-asset coverage ratio: 3.1; rating input score 74; 74th percentile among comparable filings
• Liabilities to assets ratio: 0.07; rating input score 65; 65th percentile among comparable filings
• Officer compensation ratio: 11.9%; rating input score 25; 25th percentile among comparable filings

Growth

• Program expense growth: 157.4% per year; rating input score 100; 100th percentile among comparable filings
• Revenue growth: 159.6% per year; rating input score 100; 100th percentile among comparable filings
• Asset growth: 162.7% per year; rating input score 100; 100th percentile among comparable filings