Under Construction Educational Network Dba Oasis Charter Public School
Nonprofit profile at a glance
- EIN
- 770489965
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Salinas, CA, USA
- Phone
- 8314249003
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Child Day Care
Reported finances
- Revenue
- $3,736,378
- Expenses
- $3,772,126
- Assets
- $1,927,634
- Liabilities
- $854,483
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- MELISSA EDWARDS (PRESIDENT)
- JORGE ACOSTA (VICE PRESIDENT)
- LAUREN RICKER (EXECUTIVE DIRECTOR)
Highest reported compensation
- LAUREN RICKER (EXECUTIVE DIRECTOR): $102,636 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to bring together a diverse community and to create a constructivist and multicultural learning environment for children in the elementary school grades. (continued on schedule o).through integrated project based activities, as well as, direct instruction, group decision making, and family based opportunities, oasis charter school will foster the development of responsible citizenship skills, literacy, logical thinking, creative problem solving, and the ability to represent one's ideas in a variety of ways. Our students will be able to raise questions, identify and evaluate options, and access the information necessary to find answers. This program will equip our students with the skills necessary to fulfill their personal aspirations and advocate for the common good.
What it reported doing in 2024
Operation of oasis charter public school, where students will reap the benefits of small school setting with an interactive learning environment based on constructivist learning theory. Students will construct knowledge rather than passively taking in information. Teachers will provide integrated, project- based curriculum by using student strengths, interests, and curiosities. Through this form of instruction students will develop a greater passion for learning and benefit from the experiences by enhancing their need to learn. All aspects of the program are based on a belief that logical/mathematical knowledge and the knowledge building cognitive relationships, is individually constructed by the learner and is directly influenced by the experiences students bring from home and will have in school.
Operating model
- Revenue model
- Grant-funded. 93% 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 60
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 31
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 67.9%; rating input score 68
- Program expense ratio: 67.2%; rating input score 67
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- 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: 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: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -1%; rating input score 30; 30th percentile among comparable filings
- Total-asset coverage ratio: 0.51; rating input score 18; 18th percentile among comparable filings
- Liabilities to assets ratio: 0.44; rating input score 24; 24th percentile among comparable filings
- Officer compensation ratio: 2.7%; rating input score 71; 71st percentile among comparable filings
Growth
- Program expense growth: 3.6% per year; rating input score 100; 31st percentile among comparable filings
- Revenue growth: 5.3% per year; rating input score 100; 44th percentile among comparable filings
- Asset growth: 3.4% per year; rating input score 100; 26th percentile among comparable filings
Details
- Where the money goes: 67.9% of revenue deployed · 67.2% of spending went to programs
- Governance: 6 of 6 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $2.5M in reported program spending
- Leadership: top reported pay $103K · 7 people listed
- Highest-paid contractors: 1 contractor listed · $253K reported
- Consistency: 34 of 34 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Moderate — Sustainability: Operating margin scored 30/100.
- High — Sustainability: Total-asset coverage ratio scored 18/100.
- High — Sustainability: Liabilities to assets ratio scored 24/100.