The Schott Foundation for Public Education
Nonprofit profile at a glance
- EIN
- 043457065
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Cambridge, MA, USA
- Phone
- 6178372488
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Single Organization Support
Reported finances
- Revenue
- $4,176,032
- Expenses
- $8,044,916
- Assets
- $17,120,185
- Liabilities
- $1,261,067
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- JOHN H JACKSON (PRESIDENT AND CEO)
- DIANA TATE VERMEIRE (EXECUTIVE VICE PRESIDENT)
Highest reported compensation
- JOHN H JACKSON (PRESIDENT AND CEO): $515,372 total reported compensation
- DIANA TATE VERMEIRE (EXECUTIVE VICE PRESIDENT): $318,369 total reported compensation
- MICHAEL WOTORSON (DIRECTOR NATIONAL OTL NETWORK): $180,318 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 purpose of the corporation is to engage in the following activities: (1) to operate exclusively for charitable and educational purposes under code section 501(c)(3), (2) to develop and strengthen a broad-based and representative movement to achieve fully resourced, quality pre k-12 public education, and (3) to engage in any and all other lawful activities incidental to and in pursuit of the foregoing purposes, except as specifically restricted by the articles of organization.
What it reported doing in 2024
Hllc provides a framework including education, health, safety, school climate, community power, etc. To equip parents, students and public school systems to create healthy community climates that are just and fair. The objectives of the hllc initiative are three-fold: 1) assess communities' cross-cutting capacity to meet the whole child needs, 2) provide recommendations and prescriptions for needed supports, and 3) support the community actions and partnerships that have proven to lead to sustainable systemic change. More than 25 cities and communities across the nation will be engaged in the hllc initiative.
Operating model
- Revenue model
- Donor-supported. 85% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 44% for direct work, and 56% for grants.
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 expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 100
- Accountability: 100
- Sustainability: 28
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 65.8%; rating input score 66
- Fundraising efficiency: $4.49 raised per $1 spent on fundraising; rating input score 15; 15th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 6 of 6 controls in place; rating input score 100
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- 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; 63rd 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: -92.6%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 2.13; rating input score 64; 64th percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 64; 64th percentile among comparable filings
- Officer compensation ratio: 20.8%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: 3.7% per year; rating input score 100; 32nd percentile among comparable filings
- Revenue growth: 2.5% per year; rating input score 100; 24th percentile among comparable filings
- Asset growth: 7.2% per year; rating input score 100; 46th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 65.8% of spending went to programs
- Governance: 12 of 12 board members independent · 9 of 9 filing controls reported
- Programs: 5 filed program accomplishments · $5.3M in reported program spending
- Leadership: top reported pay $515K · 19 people listed · 6 of 6 pay-setting controls reported
- Consistency: 33 of 33 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 118 filed money-flow records
- Related organizations: 112 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 — Financial Efficiency: Fundraising efficiency scored 15/100.
- High — Sustainability: Operating margin scored 1/100.
- High — Sustainability: Officer compensation ratio scored 11/100.