STEAM Academy of Youngstown
Nonprofit profile at a glance
- EIN
- 451266538
- IRS 990 coverage
- 2013–2015
- Forms available
- Form 990 2015
- Location
- Akron, OH, USA
- Phone
- 3307731100
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Primary, Elementary Schools
Reported finances
- Revenue
- $1,910,586
- Expenses
- $1,690,713
- Assets
- $1,428,475
- Liabilities
- $2,106,430
Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
4 people listed
People named in this filing
- Eric Nevins (Board Member)
- Robert Proctor (Board Member)
- George Drake (Board Member)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purposes for which the corporation was formed, as stated in its Articles of Incorporation, are to establish and run a charter school in the state of Ohio for the benefit of the children, of the community, and to engage in any other activities incidental to the foregoing purposes for which a corporation may be organized under Chapter 1702 of the Ohio Revised Code; provided, however, that the Corporation is organized and shall at all times be operated exclusively within the confines of IRC 501c3.
What it reported doing in 2015
Instructional services for children enrolled in grades K-8 for the 2015-2016 school year.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- 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
STRONG - 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 liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 90
- Accountability: 100
- Sustainability: 57
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.5%; rating input score 88
- Program expense ratio: 100%; rating input score 100
- 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: Limited
- Major donor itemization: Limited
- 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: 11.5%; rating input score 72; 72nd percentile among comparable filings
- Total-asset coverage ratio: 0.84; rating input score 42; 42nd percentile among comparable filings
- Liabilities to assets ratio: 1.47; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 85; 85th percentile among comparable filings
Growth
- Program expense growth: 18.2% per year; rating input score 100; 81st percentile among comparable filings
- Revenue growth: 36.7% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: 83.7% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 88.5% of revenue deployed · 100% of spending went to programs
- Governance: 4 of 4 board members independent · 7 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $1.7M in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Highest-paid contractors: 1 contractor listed · $704K reported
- Consistency: 29 of 29 current checks pass
- Schedules: 4 filed schedules
- Filing history: 3 filing years from 2013 to 2015
- Contacts: How to reach this organization
- 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.
- Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
- High — Sustainability: Liabilities to assets ratio scored 4/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.