FRIENDS OF EXCEL ACADEMY CHARTER SCHOOLS INC Charity Report

Public IRS 990 nonprofit record

FRIENDS OF EXCEL ACADEMY CHARTER SCHOOLS INC

EIN 30-0211613 · Educational Services (B90)

What they do

to RAISE FUNDS and SUPPORT THE FUNCTIONS of and CARRY OUT THE PURPOSES of EXCEL ACADEMY CHARTER SCHOOL and EXCEL ACADEMY RHODE ISLAND; to ENGAGE IN ACTIVITIES and PERFORM FUNCTIONS THAT THE SCHOOLS WOULD OTHERWISE HAVE to PERFORM; to OWN, LEASE and MAINTAIN THE SITES AT WHICH THE SCHOOLS ARE LOCATED and to OTHERWISE BENEFIT THE SCHOOLS THROUGH PROVISION of FINANCIAL SUPPORT and SERVICES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $70.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders16 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

74.24%of revenue went to mission work70.2% of expenses · Program services

3.01%of revenue went to fundraising2.8% of expenses

$105.68spent for every $100 of revenueSpending was higher than revenue this year.

28.43%of revenue went to management and office costs26.9% of expenses

$5.31in assets for every $1 spent this yearSome assets cannot be spent right away.

11.5%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $477,496 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $308,836 for OWEN STEARNS (CHIEF EXECUTIVE OFFICER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$8,413,246

Mission workProgram services$6,245,67174.24% of revenue70.2% of expenses

ManagementOffice and general costs$2,392,00428.43% of revenue26.9% of expenses

FundraisingAsking for donations$253,0673.01% of revenue2.8% of expenses

Total expenses$8,890,742105.68% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 70.2% mission · 26.9% management · 2.8% fundraisingTotal expenses: 105.68% of revenue

2023Expense mix: 72.0% mission · 25.8% management · 2.2% fundraisingTotal expenses: 100.07% of revenue

2022Expense mix: 78.3% mission · 18.0% management · 3.8% fundraisingTotal expenses: 62.08% of revenue

2021Expense mix: 97.4% mission · 2.0% management · 0.7% fundraisingTotal expenses: 53.87% of revenue

2020Expense mix: 92.6% mission · 7.0% management · 0.4% fundraisingTotal expenses: 77.98% of revenue

2019Expense mix: 71.3% mission · 28.0% management · 0.8% fundraisingTotal expenses: 96.15% of revenue

2018Expense mix: 65.2% mission · 33.7% management · 1.1% fundraisingTotal expenses: 21.13% of revenue

2017Expense mix: 88.5% mission · 11.5% management · 0.0% fundraisingTotal expenses: 98.26% of revenue

Money in and money out

Revenue$8,413,246

Expenses$8,890,742

Annual shortfall $477,496 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$6,245,671 · 70.2% of expenses

Management and office costs$2,392,004 · 26.9% of expenses

Fundraising$253,067 · 2.8% of expenses

See all reported dollar amounts

Revenue$8,413,246

Expenses$8,890,742

Assets$47,237,273

Income$8,438,630

Contributions$966,303

Mission work (program services)$6,245,671

Fundraising$253,067

Grants given$7,360,193

Average grant$525,728

Management and general$2,392,004

Accounting fees$202,486

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

OWEN STEARNSCHIEF EXECUTIVE OFFICER · 40 hrs/week $308,836Base $303,012 · Other $5,824

NINA KEOUGHCHIEF SCHOOL OFFICER · 40 hrs/week $254,394Base $229,817 · Other $24,577

ANDREW SOLOMONCHIEF FINANCIAL OFFICER · 40 hrs/week $201,679Base $193,197 · Other $8,482

STEPHANIE PATTONDEPUTY CHIEF SCHOOLS OFFICER · 40 hrs/week $196,082Base $195,945 · Other $137

STEVIE ROBERTSMANAGING DIRECTOR: OPERATIONS · 40 hrs/week $145,825Base $143,768 · Other $2,057

AARON STELSONSENIOR DIRECTOR: FINANCE · 40 hrs/week $144,324Base $143,839 · Other $485

TSVETELINA TSANKOVADIRECTOR OF ACCOUNTING · 40 hrs/week $139,798Base $115,272 · Other $24,526

DARREN GRAYMANAGING DIR. ACADEMIC LEADERSHIP · 40 hrs/week $135,545Base $133,730 · Other $1,815

ARTHUR KAYNORDIRECTOR OF DEVELOPMENT & GOVERNANCE · 40 hrs/week $125,940Base $118,385 · Other $7,555

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (16)

OWEN STEARNSCHIEF EXECUTIVE OFFICER

NINA KEOUGHCHIEF SCHOOL OFFICER

ANDREW SOLOMONCHIEF FINANCIAL OFFICER

STEPHANIE PATTONDEPUTY CHIEF SCHOOLS OFFICER

STEVIE ROBERTSMANAGING DIRECTOR: OPERATIONS

AARON STELSONSENIOR DIRECTOR: FINANCE

TSVETELINA TSANKOVADIRECTOR OF ACCOUNTING

DARREN GRAYMANAGING DIR. ACADEMIC LEADERSHIP

ARTHUR KAYNORDIRECTOR OF DEVELOPMENT & GOVERNANCE

CHRISTOPHER SATTICLERK

DONALD CASSTREASURER

MEGAN PREINERTREASURER (UNTIL 9/17/24)

SETH REYNOLDSCHAIR

SHIRLEY VERONICA CARDONAMEMBER

TIMONTHY WELLERMEMBER

TYREE CHAMBERSMEMBER

About this charity

Recognized since: January 2004
Location: 58 MOORE ST, EAST BOSTON, MA 02128-1548
County: Suffolk
In care of: % SUSAN M PASSONI
Primary officer: SETH REYNOLDS, PRESIDENT

How to reach them

Phone(617) 874-4080 Officer phone(617) 561-1371

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: AAFCPAS INC
NTEE classification: Educational Services (B90)
IRS tax category: Educational Services
Grant-giving organization: Yes