The Academy at Penguin Hall Inc

Nonprofit profile at a glance

EIN
810729618
IRS 990 coverage
2015–2023
Forms available
Form 990 2023
Location
Wenham, MA, USA
Phone
9784686200
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Primary, Elementary Schools

Official website

Reported finances

Revenue
$5,814,227
Expenses
$5,752,748
Assets
$18,939,173
Liabilities
$25,397,510

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • MARY MARTINS (PRESIDENT)

Highest reported compensation

  • Anna Miner (Director of Enrollment Management): $126,481 total reported compensation
  • MARY MARTINS (PRESIDENT): $44,460 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to educate, enlighten, and empower young women to live and to lead exemplary lives.

What it reported doing in 2023

Providing educational services to secondary-school aged young women enrolled at its girls' high school. The academy at penguin hall is an inclusive, independent, college prepatory secondary school for young women which is committed to developing the whole person; intellectually, spiritually, physically and creatively. The academy at penguin hall provides a highly individualized, student centered, diverse and challenging educational experience. Every programmatic decision is based on current research and experience about how girls learn, develop and thrive. Our curriculum is highly integrated and steeped in the experiential so that girls develop the confidence to become drivers of their own learning. This approach enables comprehensive study through the integratin of meaningful student research, collaboration, community partners, and life-changing service learning. An interdisciplinary approach to learning invigorates the educational environement, energizes the curriculum with a real-world relevance, and sparks students' desire to explore, investigate and understand the world. The academy's approach prepares students not only for college but life beyond academic walls. Serving students from over 40 communities in a stone manor house surrounded by 50 acres of sweeping lawns and wooded land.

Operating model

Revenue model
Other-operating. 97% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 85% 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 94
  • Accountability: 90
  • Sustainability: 49
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.1%; rating input score 70
  • Program expense ratio: 70.6%; rating input score 71
  • 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: 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; 64th 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: Fail
    • CEO compensation review process: Fail
    • 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: 1.1%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 3.29; rating input score 76; 76th percentile among comparable filings
  • Liabilities to assets ratio: 1.34; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 3%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 9.5% per year; rating input score 100; 63rd percentile among comparable filings
  • Revenue growth: 18% per year; rating input score 100; 86th percentile among comparable filings
  • Asset growth: 6% per year; rating input score 100; 41st percentile among comparable filings

Details

  • Where the money goes: 70.1% of revenue deployed · 70.6% of spending went to programs
  • Governance: 7 of 7 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $4.1M in reported program spending
  • Leadership: top reported pay $126K · 9 people listed
  • Highest-paid contractors: 3 contractors listed · $534K reported
  • Consistency: 45 of 45 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 9 filing years from 2015 to 2023
  • Contacts: How to reach this organization
  • Money network: 8 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.
  • Moderate — Sustainability: Operating margin scored 39/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.