Schoolnova at Stony Brook Inc
Nonprofit profile at a glance
- EIN
- 462930613
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024, Form 990-N 2013
- Location
- East Setauket, NY, USA
- Phone
- 6319742539
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Elementary, Secondary Education, K - 12
Reported finances
- Revenue
- $660,081
- Expenses
- $557,206
- Assets
- $1,074,880
- Liabilities
- $141,608
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- ANDREEA DRAGUT (VICE PRESIDENT)
- MARIA NIDA (PRESIDENT)
- MARINA POLONSKAIA (EXECUTIVE DIRECTOR)
Highest reported compensation
- MARINA POLONSKAIA (EXECUTIVE DIRECTOR): $98,928 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of the corporation is for the advancement of education within the meaning of section 501(c)(3) of the internal revenue code, or corresponding section of any future federal tax code to maintain and operate a weekend enrichment program and related activities for prek-12 children as a notforprofit enterprise. The corporation also has such powers as are now or may hereafter be granted by the general not-for-profit corporation act of the state of New York.
What it reported doing in 2024
We have maintained and operated a weekend enrichment program and related activities for pre-k through grade 12 children in the areas of science, mathematics, art and foreign languages.
Operating model
- Revenue model
- Earned-program. 86% of the money available for current operations came from fees and other program revenue.
- 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
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 52
- Transparency & Controls: 92
- Accountability: 90
- Sustainability: 59
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 52.3%; rating input score 52
- Program expense ratio: 66.9%; rating input score 67
- Fundraising efficiency: $2.49 raised per $1 spent on fundraising; rating input score 7; 7th percentile among comparable filings
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: 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: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- 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: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 15.6%; rating input score 71; 71st percentile among comparable filings
- Total-asset coverage ratio: 1.93; rating input score 64; 64th percentile among comparable filings
- Liabilities to assets ratio: 0.13; rating input score 38; 38th percentile among comparable filings
- Officer compensation ratio: 17.8%; rating input score 18; 18th percentile among comparable filings
Growth
- Program expense growth: 5.6% per year; rating input score 100; 45th percentile among comparable filings
- Revenue growth: 7.6% per year; rating input score 100; 57th percentile among comparable filings
- Asset growth: 21.5% per year; rating input score 100; 84th percentile among comparable filings
Details
- Where the money goes: 52.3% of revenue deployed · 66.9% of spending went to programs
- Governance: 8 of 8 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $373K in reported program spending
- Leadership: top reported pay $99K · 9 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Financial Efficiency: Mission deployment rate scored 52/100.
- High — Financial Efficiency: Fundraising efficiency scored 7/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Sustainability: Officer compensation ratio scored 18/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 38/100.