The Academy Charter School 2
Nonprofit profile at a glance
- EIN
- 873399013
- IRS 990 coverage
- 2021–2024
- Forms available
- Form 990 2024
- Location
- Hempstead, NY, USA
- Phone
- 5164082200
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Elementary, Secondary Education, K - 12
Reported finances
- Revenue
- $10,906,699
- Expenses
- $14,134,012
- Assets
- $46,860,939
- Liabilities
- $51,924,474
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- Bishop Barrington Goldson (CEO)
Highest reported compensation
- Dr Nicholas Stapleton (CAO): $414,140 total reported compensation
- Bishop Barrington Goldson (CEO): $367,280 total reported compensation
- Sandrea ONeil (General Council): $336,229 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of TACS2 is to offer an interdisciplinary curriculum in a technology-rich environment that challenges students to explore connections across subjects and use experiential learning to bridge the gaps between theory and practice. Enrollment is open to all potential student candidates, with a preference for those residing in the immediate area.
What it reported doing in 2024
The Schools instructional program is specifically designed to meet all of the New York State Next Generation Standards in English Language Arts, Mathematics, as well as New York State Standards for Science and Social Studies. It is The Schools goal to meet and exceed student performance and assessment standards in students. Instruction is age/grade appropriate with a strong emphasis on the development of students social and academic skills through character building activities. The curricula are focused on building content knowledge and skills to satisfy the requirements for both college preparation and career readiness, and include a strong emphasis on Science, Technology, Engineering and Mathematics (STEM).TACS2 plans to use at the Wyandanch Campus the same curricula currently utilized at the various grades at TACS1s existing elementary school operations in Hempstead and Uniondale.The School offers interdisciplinary curricula that address the academic needs of all students. The Schools curricula are research-based in reading, writing, mathematics, social studies, science, and STEM. Teachers use state of the art presentation technology (interactive boards, document cameras, and related components that enhance instruction and learning) in all subject areas to enhance and differentiate instruction providing multimodal, hands-on, and real-life experiences. Each classroom is equipped with computers. Computer-based instructional programs are used to provide intervention and enrichment opportunities for students. There is a strong emphasis placed on writing in all subject areas.The instructional program caters to the individual academic needs of each child. The use of data through ongoing assessments provides real time information to inform instruction. The information that is gathered is used to provide academic intervention services for struggling students as well as enrichment and challenging activities for all students.
Operating model
- Revenue model
- Earned-program. 93% of the money available for current operations came from fees and other program revenue.
- 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. Expenses are high relative to revenue and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 70
- Accountability: 82
- Sustainability: 31
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 80%; rating input score 80
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 70%; rating input score 70; 12th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -29.6%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 3.32; rating input score 77; 77th percentile among comparable filings
- Liabilities to assets ratio: 1.11; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 4.9%; rating input score 51; 51st percentile among comparable filings
Growth
- Program expense growth: 68.4% per year; rating input score 100; 99th percentile among comparable filings
- Revenue growth: 61.3% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 64.7% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 80% of spending went to programs
- Governance: 7 of 10 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $11.3M in reported program spending
- Leadership: top reported pay $414K · 21 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.2M reported
- Consistency: 30 of 30 current checks pass
- Schedules: 8 filed schedules · includes major donors and executive pay
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 2 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.
- High — Sustainability: Operating margin scored 3/100.
- High — Sustainability: Liabilities to assets ratio scored 4/100.
- Review — Sustainability: Officer compensation ratio scored 51/100.