South Shore Charter School

Nonprofit profile at a glance

EIN
880604462
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
Central Islip, NY, USA
Phone
6318647000
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Primary, Elementary Schools

Reported finances

Revenue
$5,928,897
Expenses
$5,244,621
Assets
$2,299,970
Liabilities
$1,603,185

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

Leadership & pay

13 people listed

Executive titles in this filing

  • DERMOTH MATTISON (EXECUTIVE DIRECTOR)

Highest reported compensation

  • DERMOTH MATTISON (EXECUTIVE DIRECTOR): $217,982 total reported compensation
  • ARSENIO HESLOP (PRINCIPAL): $155,242 total reported compensation
  • RYAN MILLER (DIRECTOR OF OPS & FINANCE): $138,156 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 mission of south shore charter school is to cultivate students the tenacity, integrity, and curiosity needed to become innovative and socially responsible leaders, ready to face and solve the ever-changing challenges facing our society.academically, south shore charter school will balance constructivist approaches that promote higher-level thinking and collaborative learning with standards-based instruction and assessments that provide specific learning targets and ensure greater accountability. While the school honors the structure and rigor that is defined by the learning standards, the school believes that a constructivist approach allows for flexibility in a child's learning and aligns to our mission of fostering curiosity in our students.

What it reported doing in 2024

South shore charter school is a k-5 school for excellence. The school offers a high-quality education to serve the needs of all students, includes english language learners, students with disabilities, gifted and talented, and economically disadvantaged students. The school offers a strong character education program, a social emotional curriculum and a compelling mission and promise to families that the school will not only help their children make better academic gains, but we will give them the supports and tools to become innovative and socially responsible leaders who are ready to face and solve the ever-changing challenges facing our society.the school provided education to approximately 256 students in kindergarten through second grade in the 2024-2025 academic year.

Operating model

Revenue model
Earned-program. 87% 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 - 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 some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 70
  • Accountability: 95
  • Sustainability: 39
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 71.1%; rating input score 71
  • Program expense ratio: 80.4%; rating input score 80
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • 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: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 11.5%; rating input score 65; 65th percentile among comparable filings
  • Total-asset coverage ratio: 0.44; rating input score 15; 15th percentile among comparable filings
  • Liabilities to assets ratio: 0.7; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 12%; rating input score 25; 25th percentile among comparable filings

Growth

  • Program expense growth: 86.9% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 69.3% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 49.3% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 71.1% of revenue deployed · 80.4% of spending went to programs
  • Governance: 7 of 7 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $4.2M in reported program spending
  • Leadership: top reported pay $218K · 13 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $458K reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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 15/100.
  • Review — Accountability: Governance controls: Audit committee oversight not reported.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.
  • High — Sustainability: Officer compensation ratio scored 25/100.