Wesleyan School Inc

Nonprofit profile at a glance

EIN: 582147411
IRS 990 coverage: 2009–2024
Forms available: Form 990 2024
Location: Peachtree Corners, GA, USA
Phone: 7704487640
Rating: 87
Verdict: STRONG
Rating confidence: Standard
Sector: Elementary, Secondary Education, K - 12
Affiliation: Christianity

Official website

Reported finances

Revenue: $45,019,323
Expenses: $42,748,420
Assets: $170,727,318
Liabilities: $40,245,253

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

36 people listed

Highest reported compensation

CHRISTOPHER B CLEVELAND (HEAD OF SCHOOL): $766,019 total reported compensation
WILLIAM J COXHEAD (CFO / TREASURER): $357,397 total reported compensation
RAMONA BLANKENSHIP (ASSOCIATE HEAD OF SCHOOL): $284,656 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Wesleyan's mission is to be a christian school of academic excellence by providing each student a diverse college preparatory education guided by christian principles and beliefs; by challenging and nurturing the mind, body and spirit; and by developing responsible stewardship in our changing world.

What it reported doing in 2024

Education: wesleyan is an independent k-12 school with a college prepartory curriculum. There is a lower, middle and high school located on 85+ acres with 6 main buildings, 10 faculty houses, 3 chapels, 2 libraries and 2 dining halls. All middle and high school students are given a school issued computer tablet for use in their studies. The fine arts program utilizes a 470 seat theatre, a black box theatre, drawing, painting and ceramic rooms, middle and high school band and chorale studios and 18 individual soundproof practice chambers. Continued on schedule o

Operating model

Revenue model: Other-operating. 83% of the money available for current operations came from other operating revenue.
Distribution model: Direct operator. The filing allocates 91% 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. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

Financial Efficiency: 81
Transparency & Controls: 88
Accountability: 100
Sustainability: 59
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 86.1%; rating input score 86
Program expense ratio: 89.2%; rating input score 89
Fundraising efficiency: $8.48 raised per $1 spent on fundraising; rating input score 34; 34th percentile among comparable filings

Transparency & Controls

Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- 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; 66th 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: 5%; rating input score 54; 54th percentile among comparable filings
Total-asset coverage ratio: 3.99; rating input score 81; 81st percentile among comparable filings
Liabilities to assets ratio: 0.24; rating input score 54; 54th percentile among comparable filings
Officer compensation ratio: 8.4%; rating input score 27; 27th percentile among comparable filings

Growth

Program expense growth: 4.6% per year; rating input score 100; 39th percentile among comparable filings
Revenue growth: 5.6% per year; rating input score 100; 49th percentile among comparable filings
Asset growth: 4.3% per year; rating input score 100; 31st percentile among comparable filings

Details

Where the money goes: 86.1% of revenue deployed · 89.2% of spending went to programs
Governance: 22 of 22 board members independent · 9 of 9 filing controls reported
Programs: 1 filed program accomplishment · $38.1M in reported program spending
Leadership: top reported pay $766K · 36 people listed · 3 of 6 pay-setting controls reported
Highest-paid contractors: 5 contractors listed · $21.1M reported
Consistency: 33 of 34 current checks pass · 1 finding to review
Schedules: 7 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: 14 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.

Moderate — Financial Efficiency: Fundraising efficiency scored 34/100.
Review — Sustainability: Operating margin scored 54/100.
High — Sustainability: Officer compensation ratio scored 27/100.
Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
Review — Sustainability: Liabilities to assets ratio scored 54/100.