Vanguard Collegiate of Indianapolis
Nonprofit profile at a glance
- EIN
- 815323355
- IRS 990 coverage
- 2019–2021
- Forms available
- Form 990 2021, Form 990-N 2018
- Location
- Indianapolis, IN, USA
- Phone
- 3173547727
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $1,561,336
- Expenses
- $1,519,859
- Assets
- $92,629
- Liabilities
- $311,677
Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- ROBERT MARSHALL (EXECUTIVE DIRECTOR)
Highest reported compensation
- ROBERT MARSHALL (EXECUTIVE DIRECTOR): $100,037 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Unapologetically focused on the academic success of our scholars, vanguard collegiate of indianapolis educates 5-8th grade students through high-quality instruction, rigorous curriculum, and character development to succeed in college and become leaders in thought, word and action.
What it reported doing in 2021
Vanguard collegiate of indianapolis educates 5-8th grade students through high-quality instruction, rigorous curriculum, and character development to succeed in college and become leaders in thought, word and action.
Operating model
- Revenue model
- Grant-funded. 94% 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 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: 70
- Transparency & Controls: 92
- Accountability: 79
- Sustainability: 22
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 67.1%; rating input score 67
- Program expense ratio: 68.9%; rating input score 69
- Fundraising efficiency: $219.12 raised per $1 spent on fundraising; rating input score 92; 92nd percentile among comparable filings
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: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 2.7%; rating input score 33; 33rd percentile among comparable filings
- Total-asset coverage ratio: 0.06; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: 3.36; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 6.6%; rating input score 49; 49th percentile among comparable filings
Growth
- Program expense growth: 13% per year; rating input score 100; 76th percentile among comparable filings
- Revenue growth: 17.9% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: -27.6% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 67.1% of revenue deployed · 68.9% of spending went to programs
- Governance: 9 of 9 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1M in reported program spending
- Leadership: top reported pay $100K · 10 people listed
- Consistency: 29 of 29 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 3 filing years from 2019 to 2021
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Accountability: Governance controls: 4 of 8 not reported.
- Moderate — Sustainability: Operating margin scored 33/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- Moderate — Sustainability: Officer compensation ratio scored 49/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.