Wakulla's Charter School of the Arts Science and Technology Inc
Nonprofit profile at a glance
- EIN
- 593574704
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- St Marks, FL, USA
- Phone
- 8509256344
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Elementary, Secondary Education, K - 12
Reported finances
- Revenue
- $1,998,539
- Expenses
- $2,080,016
- Assets
- $1,427,701
- Liabilities
- $133,339
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Highest reported compensation
- FRANKIE HARVEY (PRINCIPAL): $67,131 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Wakulla's charter school for the arts, science, and technology (c.o.a.s.t) will provide an education choice to students and their parents that is characterized by: (1) the intensive study of the arts and sciences, in continuous progression and at the highest standards of achievement. (2) a structured environment resulting from a specific code of conduct with diligent attention to character development. (3) the infusion of technology into all subject areas, expanding the student's world beyond classroom boundaries. (4) dynamic, integrated core curriculum designed to include the study and appreciation of wakulla county's unique ecosystem. (5) shared responsibility amount students, parents, and teachers in the operation of the school.
What it reported doing in 2024
The school operates a public elementary and middle school dedicated to the intensive study of arts and sciences and the infusion of technology into all subject areas. The oversight function is at the direction of the wakulla county school board.
Operating model
- Revenue model
- Earned-program. 64% of the money available for current operations came from fees and other program revenue.
- 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: 72
- Transparency & Controls: 92
- Accountability: 90
- Sustainability: 33
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.9%; rating input score 82
- Program expense ratio: 78.6%; rating input score 79
- 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: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- 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: -4.1%; rating input score 26; 26th percentile among comparable filings
- Total-asset coverage ratio: 0.69; rating input score 31; 31st percentile among comparable filings
- Liabilities to assets ratio: 0.09; rating input score 43; 43rd percentile among comparable filings
- Officer compensation ratio: 3.2%; rating input score 57; 57th percentile among comparable filings
Growth
- Program expense growth: 4.7% per year; rating input score 100; 41st percentile among comparable filings
- Revenue growth: 4.8% per year; rating input score 100; 42nd percentile among comparable filings
- Asset growth: 5.9% per year; rating input score 100; 43rd percentile among comparable filings
Details
- Where the money goes: 81.9% of revenue deployed · 78.6% of spending went to programs
- Governance: 4 of 4 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.6M in reported program spending
- Leadership: top reported pay $67K · 7 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 16 filing years from 2009 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.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Sustainability: Operating margin scored 26/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 43/100.
- Review — Sustainability: Officer compensation ratio scored 57/100.