Soar of Racine Inc

Nonprofit profile at a glance

EIN
208232825
IRS 990-EZ coverage
2010–2015
Forms available
Form 990-EZ 2015, Form 990-N 2008
Location
Racine, WI, USA
Phone
2624989425
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$120,369
Expenses
$110,330
Assets
$44,012
Liabilities
$15,995

Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • MARGARET COYLE-REES (PRESIDENT)

People named in this filing

  • ANGELA BARTZEN (SECRETARY-TR)
  • MARGARET COYLE-REES (PRESIDENT)
  • NANCY WILLING (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Soar is a charitable, nonprofit organization committed to eliminating the academic achievement gap among children from families with limited financial resources. Soar works with families, private schools and regional partners to lead students to high school graduation and to higher education or sustainable careers.

What it reported doing in 2015

Soar assisted five schools and more than 500 families in applying for the Wisconsin parental private school choice program. In addition, soar supported about a half dozen students on scholarship in elementary and high school. Soar provided group homework enrichment and one-on-one mentoring to more than 160 students at eight sites during the 2013-14 academic year. We hosted a back-to-school professional development one day conference for 150 teachers and social workers from 10 different schools and organizations before the start of the 2013-14 school year.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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 a large share of available resources goes toward mission work. Revenue has declined or grown slowly and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 100
  • Sustainability: 40
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 62.8%; rating input score 63
  • Program expense ratio: 68.5%; rating input score 68

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: 8.3%; rating input score 59; 59th percentile among comparable filings
  • Total-asset coverage ratio: 0.4; rating input score 35; 35th percentile among comparable filings
  • Liabilities to assets ratio: 0.36; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: 58.8%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: 7.5% per year; rating input score 100; 56th percentile among comparable filings
  • Revenue growth: -0.6% per year; rating input score 0; 26th percentile among comparable filings
  • Asset growth: -4.7% per year; rating input score 0; 23rd percentile among comparable filings

Details

  • Where the money goes: 62.8% of revenue deployed · 68.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $76K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 6 filing years from 2010 to 2015
  • 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.

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 — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
  • Review — Sustainability: Operating margin scored 59/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.
  • High — Sustainability: Liabilities to assets ratio scored 18/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.