Rosati-Kain Academy

Nonprofit profile at a glance

EIN
920677719
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
Saint Louis, MO, USA
Phone
3146030976
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Secondary, High School

Reported finances

Revenue
$3,061,044
Expenses
$3,236,020
Assets
$1,535,147
Liabilities
$0

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

Leadership & pay

12 people listed

Executive titles in this filing

  • Maggie A Sullivan (Former President)

Highest reported compensation

  • Maggie A Sullivan (Former President): $24,806 total reported compensation

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

Overview

Mission

Rosati Kain Academys RKAs mission is to provide a quality Catholic high school education for a culturally ethnically economically and geographically diverse young women. 80% of our students received financial aid--while our published tuition rate was $14,950 our students families paid only $6,621 on average and the school provided financial aid from various sources of $1,041,159. ; our students come from more than 40 zip codes in the St. Louis region including Illinois. Our students 2024-25 students were 23% white 52% black 12% Hispanic 7% multiracial 5% Asian and 1% other; 12% of our students are Hispanic. Last year our 48 Rosati-Kain seniors received more than $15.7 million in college scholarship offers and are attending University of Chicago and other top-tier schools.

What it reported doing in 2024

ENROLLING AND EDUCATING YOUNG WOMEN: During the fiscal year covered by this 990 the school enrolled 125 students in grades 9 through 12. The school year for these students began in August 2023 and ended in May 2024. The school graduated 48 seniors in May 2025. All of the organizations operating revenue except for our $143,693 cash balance and all of our expenses were devoted to the operation of the school and education of the schools students.

Operating model

Revenue model
Donor-supported. 60% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

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 fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 84
  • Accountability: 79
  • Sustainability: 35
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76%; rating input score 76
  • Program expense ratio: 70.3%; rating input score 70
  • Fundraising efficiency: $5.78 raised per $1 spent on fundraising; rating input score 21; 21st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -5.7%; rating input score 19; 19th percentile among comparable filings
  • Total-asset coverage ratio: 0.47; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
  • Officer compensation ratio: 0.8%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 74.6% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 54.7% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 54.1% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 76% of revenue deployed · 70.3% of spending went to programs
  • Governance: 9 of 9 board members independent · 4 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $2.3M in reported program spending
  • Leadership: top reported pay $25K · 12 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 43 of 43 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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: 3 of 7 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 21/100.
  • High — Sustainability: Operating margin scored 19/100.
  • High — Sustainability: Total-asset coverage ratio scored 16/100.