Roycemore School
Nonprofit profile at a glance
- EIN
- 361711590
- IRS 990 coverage
- 2011–2023
- Forms available
- Form 990 2023
- Location
- Evanston, IL, USA
- Phone
- 8478666055
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Kindergarten, Preschool, Nursery School, Early Admissions
Reported finances
- Revenue
- $8,113,151
- Expenses
- $8,364,909
- Assets
- $14,797,058
- Liabilities
- $9,644,894
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
18 people listed
Highest reported compensation
- CHRISTOPHER ENGLISH (HEAD OF SCHOOL): $245,466 total reported compensation
- VICKY PICKETT (DIRECTOR OF FINANCE): $109,591 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our diverse and intimate community, rooted in academic excellence, inspires each student to discover their passions, think without limits, find their voice, and live courageously.
What it reported doing in 2023
Roycemore school operates as an independent, non-sectarian, non-profit, intentionally small school that includes pre-kindergarten (three-year olds) through twelfth grade. Focusing on the "small school equation," the school delivers strong academic standards in an environment that fosters positive teacher-to-student and peer-to-peer relationships in the learning process. Curriculum includes the learning spheres of academic, social-emotional learning, and citizenship. With a commitment to diversity, equity, inclusion, and belonging, the school's program brings together diverse cultures and identities to develop understanding, empathy, and problem solving strategies. One hundred percent of graduates are accepted into college, university, or other post-secondary learning opportunities.
Operating model
- Revenue model
- Earned-program. 84% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 79% for direct work, and 21% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 83
- Accountability: 100
- Sustainability: 37
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.3%; rating input score 86
- Program expense ratio: 83.5%; rating input score 84
- Fundraising efficiency: $6.92 raised per $1 spent on fundraising; rating input score 26; 26th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- 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: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- 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: -3.1%; rating input score 25; 25th percentile among comparable filings
- Total-asset coverage ratio: 1.77; rating input score 58; 58th percentile among comparable filings
- Liabilities to assets ratio: 0.65; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 4.2%; rating input score 58; 58th percentile among comparable filings
Growth
- Program expense growth: 1.3% per year; rating input score 100; 21st percentile among comparable filings
- Revenue growth: 5% per year; rating input score 100; 43rd percentile among comparable filings
- Asset growth: -2.2% per year; rating input score 0; 8th percentile among comparable filings
Details
- Where the money goes: 86.3% of revenue deployed · 83.5% of spending went to programs
- Governance: 16 of 16 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $7M in reported program spending
- Leadership: top reported pay $245K · 18 people listed · 3 of 6 pay-setting controls reported
- Consistency: 33 of 33 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 12 filing years from 2011 to 2023
- Contacts: How to reach this organization
- Money network: 2 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 26/100.
- High — Sustainability: Operating margin scored 25/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 58/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.
- Review — Sustainability: Officer compensation ratio scored 58/100.