The Cathedral Preschool Inc

Nonprofit profile at a glance

EIN
581361768
IRS 990 coverage
2013–2018
Forms available
Form 990 2018
Location
Atlanta, GA, USA
Phone
4042378777
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Kindergarten, Preschool, Nursery School, Early Admissions
Affiliation
Christianity

Reported finances

Revenue
$1,262,520
Expenses
$1,229,226
Assets
$1,734,568
Liabilities
$758,629

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

12 people listed

Highest reported compensation

  • Laurie Campbell (Preschool Director): $57,302 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide a program for preschool aged children that will foster the development of the whole child; emotionally, intellectually, socially, physically and spiritually by offering each student a well-balanced, age-appropriate curriculum that stimulates creativity, self-exploration, independence and healthy, happy relationships with others.

What it reported doing in 2018

The Cathedral Preschool offers an Episcopal, independent preschool curriculum for ages 2 through 5. During the 2018 fiscal year, the School serviced 172 students. The curriculum of the School has been developed and adapted to relate program goals to specific learning experiences. There is a foundation of core skills that is beneficial for all children to master if they are to experience continued success in school. The nature of the skills depends upon the age of the child and his or her present level of readiness. Two year old's begin by working on socialization and thematic units as children adjust to their school experience. Specific reading and mathematics curricula are offered at three years of age and continue to build to a full academic curriculum for kindergarten. The academic curriculum is enriched by art, music, chapel, library, science and indoor-outdoor physical play.

Operating model

Revenue model
Other-operating. 91% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 99% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 90
  • Accountability: 80
  • Sustainability: 48
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.2%; rating input score 82
  • Program expense ratio: 84%; rating input score 84
  • Fundraising efficiency: $5.01 raised per $1 spent on fundraising; rating input score 20; 20th percentile among comparable filings

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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 91.7%; rating input score 92; 22nd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 2.6%; rating input score 47; 47th percentile among comparable filings
  • Total-asset coverage ratio: 1.41; rating input score 57; 57th percentile among comparable filings
  • Liabilities to assets ratio: 0.44; rating input score 21; 21st percentile among comparable filings
  • Officer compensation ratio: 4.7%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: 2% per year; rating input score 100; 36th percentile among comparable filings
  • Revenue growth: 1.5% per year; rating input score 100; 31st percentile among comparable filings
  • Asset growth: 5.8% per year; rating input score 100; 54th percentile among comparable filings

Details

  • Where the money goes: 82.2% of revenue deployed · 84% of spending went to programs
  • Governance: 11 of 12 board members independent · 5 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $1M in reported program spending
  • Leadership: top reported pay $57K · 12 people listed
  • Consistency: 43 of 43 current checks pass
  • Schedules: 6 filed schedules
  • Filing history: 6 filing years from 2013 to 2018
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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 — Financial Efficiency: Fundraising efficiency scored 20/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • Moderate — Sustainability: Operating margin scored 47/100.
  • Review — Sustainability: Total-asset coverage ratio scored 57/100.
  • High — Sustainability: Liabilities to assets ratio scored 21/100.
  • Review — Sustainability: Officer compensation ratio scored 57/100.