St Petersburg Primary School Inc

Nonprofit profile at a glance

EIN
853969788
IRS 990 coverage
2021–2024
Forms available
Form 990 2024
Location
Saint Petersburg, FL, USA
Phone
7278945889
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Primary, Elementary Schools

Reported finances

Revenue
$2,548,173
Expenses
$2,480,424
Assets
$1,856,823
Liabilities
$1,068,833

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

Leadership & pay

10 people listed

Executive titles in this filing

  • Brandon Rutstein (President)
  • Elizabeth Loh (Vice President)

Highest reported compensation

  • Ashley Hardy (Head of School): $93,661 total reported compensation

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

Overview

Mission

At St. Petersburg Primary School, we nuture curious minds through play-based education and joyful exploration. We develop confident and compassionate children within our welcoming, faith-based community.

What it reported doing in 2024

St. Petersburg Primary School (SPPS) serves families who are seeking a faith-based primary school education for their children. Our low student-teacher ratios and our experienced faculty facilitate exploration, curiosity and problem solving. In our preschool program, children learn to work independently as well as cooperatively with their peers, while developing strong character traits such as empathy, perseverance and responsibility. Early literacy and mathematics foundations, as well as each childs social and emptional growth, are cultivated through a play-based, thematic curriculum. In our elementary program, students expand their skills as they explore engaging and complex units of study with an emphasis on the learning process, rather than simply memorizing content. Play-based learning is active and interactive, giving students opportunities to explore their acquired knowledge through hands-on, engaging projects. Our students become independent thinkers who know how to seek knowledge, question and interpret it, and develop conclusions that are evidence-based. Character development continues into our elementary program, expanding upon the social-emotional skills learned in preschool to include generosity, respect and appreciation for yourself and others, diligence, global citizenship, personal reflection, and a growth mindset. Cultivating a strong sense of community within our school is one of our core values. Parent Socials, Family Movie Night, Monthly Chapel Services, Playtime on the Playground, Halloween Costume Parade, and our Annual Art Show are a few of the ways our community stays strong and connected. Parent involvement is encouraged through active participation in school events, fundraisers, field trips, holiday parties and more.

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 99% 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: 75
  • Transparency & Controls: 94
  • Accountability: 100
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.4%; rating input score 83
  • Program expense ratio: 86.7%; rating input score 87
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • 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: 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: 2.7%; rating input score 43; 43rd percentile among comparable filings
  • Total-asset coverage ratio: 0.75; rating input score 28; 28th percentile among comparable filings
  • Liabilities to assets ratio: 0.58; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: 3.8%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 24.9% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 21.8% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 40% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 83.4% of revenue deployed · 86.7% of spending went to programs
  • Governance: 7 of 7 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $2.2M in reported program spending
  • Leadership: top reported pay $94K · 10 people listed
  • Consistency: 32 of 32 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 4 filing years from 2021 to 2024
  • 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.

  • Moderate — Sustainability: Operating margin scored 43/100.
  • High — Sustainability: Total-asset coverage ratio scored 28/100.
  • High — Sustainability: Liabilities to assets ratio scored 18/100.