The Benjamin Banneker Preparatory Charter School
Nonprofit profile at a glance
- EIN
- 451000121
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Burlington, NJ, USA
- Phone
- 6098358370
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $9,109,215
- Expenses
- $9,197,276
- Assets
- $5,701,139
- Liabilities
- $4,984,073
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Highest reported compensation
- RICHARD WILSON JR (LEAD ADMINISTR): $201,187 total reported compensation
- GLENN A RICHARDSON (BUS. ADMINISTR): $183,420 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 the benjamin banneker preparatory charter school (bbpcs) is to develop the next generation of outstanding leaders who will be equipped with the academic excellence, self-management skills and character necessary for them to positively influence their world. The vision of bbpcs is an educational environment, which supports student engagement and empowers all students to identify and utilize their own leadership abilities and gifts.
What it reported doing in 2024
The benjamin banneker preparatory charter school just completed its seventh year of operations. The charter school provides a full range of services appropriate to grades k thru 8. These services include regular, as well as special education and basic skills instruction. The charter school completed the 2024-2025 school year with an enrollment of 359 students.the benjamin banneker preparatory charter school has developed a comprehensive strategic plan to support its mission and vision and serves as a blueprint for the achievement of its goals. The plan includes objectives such as pupil achievement as measured by standardized tests and teacher assessment instruments; formal professional development for the certified and non-certified staff; and the implementation of a technology plan in all classrooms.
Operating model
- Revenue model
- Grant-funded. 95% 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 expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 66
- Accountability: 84
- Sustainability: 28
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.1%; rating input score 79
- Program expense ratio: 79.7%; rating input score 80
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Fail
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -1%; rating input score 29; 29th percentile among comparable filings
- Total-asset coverage ratio: 0.62; rating input score 22; 22nd percentile among comparable filings
- Liabilities to assets ratio: 0.87; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 4.2%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: 16.1% per year; rating input score 100; 80th percentile among comparable filings
- Revenue growth: 13.3% per year; rating input score 100; 78th percentile among comparable filings
- Asset growth: 15.9% per year; rating input score 100; 76th percentile among comparable filings
Details
- Where the money goes: 79.1% of revenue deployed · 79.7% of spending went to programs
- Governance: 5 of 5 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $7.3M in reported program spending
- Leadership: top reported pay $201K · 8 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed
- Consistency: 24 of 24 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 2 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: 3 of 8 not reported.
- High — Sustainability: Operating margin scored 29/100.
- High — Sustainability: Total-asset coverage ratio scored 22/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.