Sigsbee Charter School Inc

Nonprofit profile at a glance

EIN
364647986
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Key West, FL, USA
Phone
3052941861
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Education N.E.C.

Official website

Reported finances

Revenue
$13,244,507
Expenses
$9,396,362
Assets
$28,206,856
Liabilities
$782,090

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

Leadership & pay

14 people listed

Executive titles in this filing

  • ROBERT EADIE (PRESIDENT, DIRECTOR)
  • KEVIN MADOK (VICE PRESIDENT,DIRECTOR)

Highest reported compensation

  • ELISA JANNES (PRINCIPAL): $180,338 total reported compensation
  • STEPHANIE BARTLEY (FINANCE MANAGER): $128,743 total reported compensation
  • SEANA CAMERON (MIDDLE SCHOOL INTERVENTION): $109,697 total reported compensation

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

Overview

Mission

Through innovative approaches, sigsbee charter school inspires critical thinking and promotes empathy, focusing on the unique needs of the military child.

What it reported doing in 2024

Instructional services: to provide children from kindergarten through eighth gradean education by captivating students through marine-science, enviornmental education program that capitalizes on the local marine sanctuary. The curriculum offers integrated studies that engage students with the enviornment through local field trips and inquiry projects. Our science program is rooted in backward curriculum design. Our literacy program follows a balanced literacy approach. Math istruction is crafted around the mathematical practices. Students participate in exploratory cultural arts programs on a daily basis, including music, art, technology, media and physical education. The organization served approximately 526 students for the fiscal year ended june 30, 2025.

Operating model

Revenue model
Grant-funded. 90% of the money available for current operations came from government grants.
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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 71
  • Accountability: 100
  • Sustainability: 78
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 66.3%; rating input score 66
  • Program expense ratio: 90.6%; rating input score 91
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • 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: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 7 of 7 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: 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: 29.1%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 3; rating input score 75; 75th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 88; 88th percentile among comparable filings
  • Officer compensation ratio: 6.7%; rating input score 38; 38th percentile among comparable filings

Growth

  • Program expense growth: 8.2% per year; rating input score 100; 62nd percentile among comparable filings
  • Revenue growth: 9.5% per year; rating input score 100; 72nd percentile among comparable filings
  • Asset growth: 8.9% per year; rating input score 100; 60th percentile among comparable filings

Details

  • Where the money goes: 66.3% of revenue deployed · 90.6% of spending went to programs
  • Governance: 7 of 7 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $8.5M in reported program spending
  • Leadership: top reported pay $180K · 14 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $265K reported
  • Consistency: 21 of 21 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 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.

  • Moderate — Sustainability: Officer compensation ratio scored 38/100.