Suncoast Preparatory Academy

Nonprofit profile at a glance

EIN
832687695
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Newport Beach, CA, USA
Phone
9499946724
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Charter Schools

Reported finances

Revenue
$20,365,775
Expenses
$19,079,323
Assets
$5,767,461
Liabilities
$1,443,058

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

Leadership & pay

13 people listed

Executive titles in this filing

  • LAUREL WARD (PRESIDENT)

Highest reported compensation

  • WINDI EKLUND (DIRECTOR/PRINCIPAL): $268,752 total reported compensation
  • BETHANY EWERS (SCHOOL SUPPORT EDUCATION SPECIALIST): $138,673 total reported compensation
  • KATHRYN WALKER (STUDENT SERVICES COORDINATOR): $136,872 total reported compensation

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

Overview

Mission

Suncoast is dedicated to creating k-12 learning opportunities that are accessible, challenging, and relevant to a diverse population of students. Suncoast provides an innovative 21st century personalized learning environment for homeschool families.

What it reported doing in 2024

Suncoast preparatory academy is a homeschool focused, independent study, public, tuition-free, tk-12 charter school, that provides families with the tools to support each student's success. We strongly believe that all students are unique and capable learners who, through positive educational experiences, can reach their maximum potential and become successful global citizens. Suncoast supports students and their parents in an engaging, individualized, and challenging learning environment.

Operating model

Revenue model
Grant-funded. 99% of the money available for current operations came from government grants.
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. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 71
  • Accountability: 90
  • Sustainability: 42
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.4%; rating input score 72
  • Program expense ratio: 77.2%; rating input score 77
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • 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; 66th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 6.3%; rating input score 58; 58th percentile among comparable filings
  • Total-asset coverage ratio: 0.3; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: 0.25; rating input score 52; 52nd percentile among comparable filings
  • Officer compensation ratio: 5%; rating input score 51; 51st percentile among comparable filings

Growth

  • Program expense growth: 54.1% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 58.3% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 55.6% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 72.4% of revenue deployed · 77.2% of spending went to programs
  • Governance: 7 of 7 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $14.7M in reported program spending
  • Leadership: top reported pay $269K · 13 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 4 contractors listed · $968K reported
  • Consistency: 26 of 26 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • 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.

  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • Review — Sustainability: Operating margin scored 58/100.
  • Review — Sustainability: Officer compensation ratio scored 51/100.
  • Review — Sustainability: Liabilities to assets ratio scored 52/100.