Teleos Preparatory Academy
Nonprofit profile at a glance
- EIN
- 262700807
- IRS 990 coverage
- 2010–2018
- Forms available
- Form 990 2018
- Location
- Phoenix, AZ, USA
- Phone
- 6023861881
- Rating
- 56
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $1,927,957
- Expenses
- $422,296
- Assets
- $0
- Liabilities
- $38,351
Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- DR LESLEY WILLIAMS-BLACKWELL (PRESIDENT)
People named in this filing
- DR LESLEY WILLIAMS-BLACKWELL (PRESIDENT)
- JOHN BOOTS DUNLAP (VICE PRESIDE)
- KAREN WILLIAMS (SECRETARY)
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 2018. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
A teleos preparatory academy education prepares students to be more than just proficient test takers, but rather, to become great-hearted leaders capable of success throughout their higher education and professional careers. With a curriculum built upon a classical liberal arts tradition and a revolutionary approach to school itself, great hearts cultivates the hearts and minds of students in the pursuit of truth, goodness and beauty.
Operating model
- Revenue model
- Affiliate-supported. 99% of the money available for current operations came from contributions from related organizations.
- 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
MIXED - The filed numbers largely add up and most filed governance safeguards are in place. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 25
- Transparency & Controls: 92
- Accountability: 76
- Sustainability: 56
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 12.2%; rating input score 12
- Program expense ratio: 55.7%; rating input score 56
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 58.3%; rating input score 58; 10th 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: 78.1%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 84; 84th percentile among comparable filings
Growth
- Program expense growth: -6.1% per year; rating input score 0; 11th percentile among comparable filings
- Revenue growth: -1.7% per year; rating input score 0; 16th percentile among comparable filings
- Asset growth: -14.9% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 12.2% of revenue deployed · 55.7% of spending went to programs
- Governance: 7 of 12 board members independent · 7 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $235K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 19 of 19 current checks pass
- Schedules: 7 filed schedules · includes major donors
- Filing history: 9 filing years from 2010 to 2018
- Contacts: How to reach this organization
- Related organizations: 25 filed related-organization links
- 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.
- High — Financial Efficiency: Mission deployment rate scored 12/100.
- Review — Financial Efficiency: Program expense ratio scored 56/100.
- Review — Accountability: Independent voting board scored 58/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.