The Providence Creek Academy Charter School Inc

Nonprofit profile at a glance

EIN
510413324
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Clayton, DE, USA
Phone
3026536276
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Charter Schools

Official website

Reported finances

Revenue
$12,383,439
Expenses
$10,991,442
Assets
$20,765,126
Liabilities
$28,194,685

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • LISA MOORE (PRESIDENT)
  • ADRIAN PEOPLES (VICE PRESIDENT)

Highest reported compensation

  • DENISE STOUFFER (HEAD OF SCHOOL): $223,961 total reported compensation
  • LISA ENGLISH (SECRETARY): $88,753 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Providence creek academy offers a unique approach to the application of math, science, english language arts and social studies. We combine academics and citizenshio to educate the whole child. Providence creek academy has developed endless academic opportunities for a diverse student population; cultural and academic field trips; student mentoring; oddissey of the mind; math & writing enrichment; sctudent council; science fair; junior achievemnt; comminity service programs; national honor society; future educators of america; learning enrichment after school; and programs--leap.our staff encourages inquiry-based learning which facilitates critical thinking skills. High academich achievemnt, charachter developement, and

What it reported doing in 2024

Providence creek academy charter school, inc. Offers a unique approach to the application of math, science, english language arts and social studies. We combine academics and citizenship to educate the whole child. Providence creek academy has developed endless academic opportunities for a diverse student population; cultural and academic field trips; student mentoring; odyssey of the mind; math & writing enrichment; student council; science fair; junior achievement; community service programs; national honor society; future educators of america; learning enrichment after school; and programs--leap our staff encourages inquiry-based learning which facilitates critical thinking skills. High academic achievement, characterdevelopment, and technology promote a climate for learning.

Operating model

Revenue model
Grant-funded. 82% 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 most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 61
  • Transparency & Controls: 60
  • Accountability: 100
  • Sustainability: 59
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 65.8%; rating input score 66
  • Program expense ratio: 73.6%; rating input score 74
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • 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; 66th percentile among comparable filings
  • Governance controls: 8 of 8 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: 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: 11.2%; rating input score 70; 70th percentile among comparable filings
  • Total-asset coverage ratio: 1.89; rating input score 60; 60th percentile among comparable filings
  • Liabilities to assets ratio: 1.36; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 2.8%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 2.3% per year; rating input score 100; 21st percentile among comparable filings
  • Revenue growth: 5.1% per year; rating input score 100; 45th percentile among comparable filings
  • Asset growth: 3.4% per year; rating input score 100; 25th percentile among comparable filings

Details

  • Where the money goes: 65.8% of revenue deployed · 73.6% of spending went to programs
  • Governance: 8 of 8 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $8.1M in reported program spending
  • Leadership: top reported pay $224K · 8 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 30 of 30 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.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.