Second Foundation School
Nonprofit profile at a glance
- EIN
- 410961710
- IRS 990-EZ coverage
- 2009–2011
- Forms available
- Form 990-EZ 2011, Form 990-N 2010
- Location
- Minneapolis, MN, USA
- Phone
- 6123781014
- Rating
- 95
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $73,925
- Expenses
- $69,646
- Assets
- $9,581
Source: IRS Form 990-EZ. Selected filing: tax year 2011. Amounts in USD.
Leadership & pay
4 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
K-12 Education
What it reported doing in 2011
Elementary & Secondary Education, General/Other: Educational services were provided to approximately 50 students in grades K-12, emphasizing individualized instruction, self-motivation and democratic processes.
Operating model
- Revenue model
- Earned-program. 84% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 96
- Transparency & Controls: 100
- Sustainability: 31
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.2%; rating input score 94
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 5.8%; rating input score 59; 59th percentile among comparable filings
- Total-asset coverage ratio: 0.14; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: 1.1% per year; rating input score 100; 54th percentile among comparable filings
- Revenue growth: 4.3% per year; rating input score 100; 62nd percentile among comparable filings
- Asset growth: 46.8% per year; rating input score 100; 90th percentile among comparable filings
Details
- Where the money goes: 94.2% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $70K in reported program spending
- Leadership: top reported pay $22K · 4 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 4 filed schedules
- Filing history: 3 filing years from 2009 to 2011
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- Review — Sustainability: Operating margin scored 59/100.