University Academy
Nonprofit profile at a glance
- EIN
- 462558352
- IRS 990 coverage
- 2014–2019
- Forms available
- Form 990 2019
- Location
- Akron, OH, USA
- Phone
- 3305357728
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- University or Technological Institute
Reported finances
- Revenue
- $2,415,931
- Expenses
- $2,616,198
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- JEAN LEE (PRESIDENT)
- MARILYN HOLLEY (VICE PRESIDENT)
Highest reported compensation
- JEAN LEE (PRESIDENT): $875 total reported compensation
- MARILYN HOLLEY (VICE PRESIDENT): $875 total reported compensation
- ANGELA NEELEY (SECRETARY): $875 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
"it is our mission to provide an effective, consistent, and academically rigorous education in a safe, disciplined, and nurturing environment. We will empower students to reach their fullest potential by implementing a comprehensive curriculum facilitated by highly effective educators in collaboration with families in the community, and supported by progressive technology."
What it reported doing in 2019
Provided educational services to 235 students.
Operating model
- Revenue model
- Grant-funded. 100% 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
STRONG - 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: 87
- Transparency & Controls: 90
- Accountability: 86
- Sustainability: 17
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 95.5%; rating input score 95
- Fundraising efficiency: Limited
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: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -8.3%; rating input score 14; 14th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0.2%; rating input score 85; 85th percentile among comparable filings
Growth
- Program expense growth: 3.9% per year; rating input score 100; 45th percentile among comparable filings
- Revenue growth: 5% per year; rating input score 100; 52nd percentile among comparable filings
- Asset growth: -23.8% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 95.5% of spending went to programs
- Governance: 5 of 5 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $2.5M in reported program spending
- Leadership: top reported pay $875 · 6 people listed
- Highest-paid contractors: 1 contractor listed · $2.3M reported
- Consistency: 16 of 16 current checks pass
- Schedules: 5 filed schedules
- Filing history: 6 filing years from 2014 to 2019
- Contacts: How to reach this organization
- Money network: 5 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 9 not reported.
- High — Sustainability: Operating margin scored 14/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- High — Growth: Asset growth scored 0/100.