SEDC Charter School Inc
Nonprofit profile at a glance
- EIN
- 261160987
- IRS 990 coverage
- 2010–2013
- Forms available
- Form 990 2013
- Location
- Washington, DC, USA
- Phone
- 2025611622
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $8,112,688
- Expenses
- $9,024,566
- Assets
- $1,290,219
- Liabilities
- $834,626
Source: IRS Form 990. Selected filing: tax year 2013. Amounts in USD.
Leadership & pay
11 people listed
People named in this filing
- Barbara Bazron (Board Chair)
- Aaron Renenger (Secretary)
- Matt Engel (Vice Chair)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2013. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Imagine Southeast Public Charter School, Inc.'s mission is to help parents and guardians educate their children by creating learning communities of achievement and hope. The School was founded with the goal of restoring vision and purpose to schools and returning parents and guardians to full participation in the education of their children. These activities are funded primarily through the District of Columbia Public School System based on enrollment and grants from the Federal government.
What it reported doing in 2013
SEDC Charter School, Inc., T/A Imagine Southeast Public Charter School (The School) is a not-for-profit organization, incorporated and located in Washington, DC. The School's mission is to help parents and guardians educate their children by creating learning communities of achievement and hope. The school was founded with the goal of restoring vision and purpose to schools and returning parents and guardians to full participation in the education of their children. These activities are funded primarily through the Disctrict of Columbia per pupil allocation and grants from the Federal government.
Operating model
- Revenue model
- Earned-program. 89% 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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 90
- Accountability: 94
- Sustainability: 19
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.5%; rating input score 88
- Program expense ratio: 79.6%; rating input score 80
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- 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: -11.2%; rating input score 9; 9th percentile among comparable filings
- Total-asset coverage ratio: 0.14; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: 0.65; rating input score 20; 20th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 93; 93rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 2.8% per year; rating input score 100; 45th percentile among comparable filings
- Asset growth: 3.1% per year; rating input score 100; 46th percentile among comparable filings
Details
- Where the money goes: 88.5% of revenue deployed · 79.6% of spending went to programs
- Governance: 11 of 11 board members independent · 6 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $7.2M in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Highest-paid contractors: 5 contractors listed · $1.9M reported
- Consistency: 24 of 24 current checks pass
- Schedules: 4 filed schedules
- Filing history: 4 filing years from 2010 to 2013
- Contacts: How to reach this organization
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Operating margin scored 9/100.
- High — Sustainability: Total-asset coverage ratio scored 5/100.
- Review — Accountability: Governance controls: Document-retention policy not reported.
- High — Sustainability: Liabilities to assets ratio scored 20/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.