St Andrew's Episcopal School

Nonprofit profile at a glance

EIN
640324405
IRS 990 coverage
2009–2017
Forms available
Form 990 2017
Location
Ridgeland, MS, USA
Phone
6018536000
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Affiliation
Christianity

Official website

Reported finances

Revenue
$21,848,702
Expenses
$23,156,758
Assets
$52,744,561
Liabilities
$21,907,222

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

25 people listed

Highest reported compensation

  • GEORGE PENICK (HEAD OF SCHOOL): $266,812 total reported compensation
  • KEVIN LEWIS (ASSOCIATE HEAD OF SCHOOL): $132,006 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To nurture a diverse community in the episcopal tradition, fostering spiritual growth, moral responsibility and academic excellence, and artistic and athletic pursuits, while preparing for a life of service to our community and the world.

What it reported doing in 2017

Independent school with grades pre-kindergarten through twelve

Operating model

Revenue model
Other-operating. 94% of the money available for current operations came from other operating 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Fundraising costs are high for each dollar raised and the required major-donor schedule is missing or incomplete.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 58
  • Accountability: 90
  • Sustainability: 39
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.6%; rating input score 88
  • Program expense ratio: 82%; rating input score 82
  • Fundraising efficiency: $1.16 raised per $1 spent on fundraising; rating input score 4; 4th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: No; rating input score 0
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 68th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -6%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 2.28; rating input score 70; 70th percentile among comparable filings
  • Liabilities to assets ratio: 0.42; rating input score 40; 40th percentile among comparable filings
  • Officer compensation ratio: 1.7%; rating input score 75; 75th percentile among comparable filings

Growth

  • Program expense growth: 4.7% per year; rating input score 100; 51st percentile among comparable filings
  • Revenue growth: 4.7% per year; rating input score 100; 52nd percentile among comparable filings
  • Asset growth: 7.5% per year; rating input score 100; 64th percentile among comparable filings

Details

  • Where the money goes: 87.6% of revenue deployed · 82% of spending went to programs
  • Governance: 23 of 23 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $19M in reported program spending
  • Leadership: top reported pay $267K · 25 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $455K reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 9 filing years from 2009 to 2017
  • Contacts: How to reach this organization
  • Money network: 2 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 — Financial Efficiency: Fundraising efficiency scored 4/100.
  • High — Transparency & Controls: Major donor itemization scored 0/100.
  • High — Sustainability: Operating margin scored 11/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 40/100.