Southwest Charter Foundation Inc
87% goes to programs $0 to raise $100 Thin reserves Growing revenue
Southwest Charter Foundation Inc is a 501(c)(3) organization based in Ft Lauderdale, Florida, registered in 2004, with $99,821,922 in FY2023 revenue. CharityIndex grades it C+, and it directs about 87% of spending to programs.
800 Corporate Dr Ste 124, Ft Lauderdale, FL, 33334 EIN 01-0561262 Since 2004
Revenue (FY2023)
$99.8M
▲ 16.7% vs prior year
Education median: $200K
Expenses (FY2023)
$97.6M
Net assets
-$3.0M
Employees
1,167
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
C+Program efficiency40% of the rating87% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Southwest Charter Foundation Inc: 87% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · +2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Southwest Charter Foundation Inc: 0 mo reserves · +2% margin earns a D on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Southwest Charter Foundation Inc: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Southwest Charter Foundation Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The foundation operates seven charter schools in lee county, manatee county and collier county, florida. the schools provide students, pre-kindergarten through twelfth grade, with the necessary tools and skills needed to develop superior levels of achievement. they strive for academic, social and physical excellence by providing a high quality, challenging curriculum. they promote positive moral and social values, foster an atmosphere of self-discipline in a safe learning environment and maximize individual productivity to meet the needs of a changing global society.
What they do
Bonita springs charter school: provide quality education to kindergarten through eighth (k-8) grade.
Gateway intermediate charter school: provide quality education from fifth through eighth grade.
Collier charter academy: provide quality education to kindergarten through eighth (k-8) grade.
Contact & location
- Address
- 800 Corporate Dr Ste 124, Ft Lauderdale, FL, 33334
- City
- Ft Lauderdale
- State
- Florida
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $51.6M (FY2013) to $99.8M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $185.1MNet assets -$3.0M
Operating margin
2.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$182.1M
Total liabilities
$185.1M
Net assets
-$3.0M
Salaries & benefits
$41.2M
42% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $99,821,922▲16.7% | $97,559,399▲21.8% | -$2,998,218▲43.0% | $182,099,415▲28.8% | 990 |
| 2022 | $85,522,600▲27.7% | $80,073,223▲22.3% | -$5,260,741▲50.9% | $141,347,603▲21.2% | 990 |
| 2021 | $66,987,568▲8.4% | $65,470,566▲8.5% | -$10,710,118▲11.6% | $116,602,539▲0.1% | 990 |
| 2020 | $61,802,178▲6.9% | $60,349,912▲4.0% | -$12,111,245▲10.7% | $116,504,611▼1.5% | 990 |
| 2019 | $57,830,005▼1.5% | $58,026,921▼3.4% | -$13,563,511▼1.5% | $118,219,163▼1.4% | 990 |
| 2018 | $58,728,021▲2.2% | $60,056,033▲1.0% | -$13,366,595▼11.0% | $119,914,176▼1.2% | 990 |
| 2017 | $57,482,813▲7.2% | $59,486,801▲9.5% | -$12,038,498▼19.2% | $121,371,780▼5.4% | 990 |
| 2016 | $53,605,356▼2.7% | $54,347,859▼0.2% | -$10,095,659▼9.4% | $128,293,045▲43.2% | 990 |
| 2015 | $55,117,978▲6.8% | $54,436,537▲3.7% | -$9,229,261▲7.6% | $89,574,344▼1.7% | 990 |
| 2013 | $51,592,533 | $52,482,076▲8.3% | -$9,991,975▼9.9% | $91,120,019▼3.5% | 990 |
| 2012 | — | $48,479,100▲6.3% | -$9,094,973▼23.8% | $94,437,916▲28.5% | 990 |
| 2011 | — | $45,610,097▼2.6% | -$7,347,895▼42.7% | $73,501,389▼8.0% | 990 |
| 2010 | — | $46,848,706▲9.7% | -$5,149,461▲11.1% | $79,863,349▲1.6% | 990 |
| 2009 | — | $42,706,201 | -$5,792,389 | $78,567,020 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Michelle Thompson — $137,538 (0.14% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michelle Thompson | Principal | 40 | $137,538 |
| Billie Miller | Director | 1 | — |
| Dennis P Clark | Stcretary | 1 | — |
| John O'brien | Vice Chairman | 1 | — |
| Kenneth J Haiko | Chairman | 2 | — |
| Pat Smith | Director | 1 | — |
| Paul Sallarulo | Director | 1 | — |
| Thomas P Wheeler | Treasurer | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| 10jin LLC | Database and Tech Support | $1,452,054 |
| Progressus Therapy LLC | Student Therapy | $1,224,577 |
Grants received · $10K total
1 grant to Southwest Charter Foundation Inc totaling $10K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Community Foundation of Sarasota County Inc | General support | 2023 | $10,000 |
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Frequently asked questions
- Is Southwest Charter Foundation Inc a legitimate nonprofit?
- Yes. Southwest Charter Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 01-0561262, based in Ft Lauderdale, Florida. Donations are tax-deductible.
- What is Southwest Charter Foundation Inc's EIN?
- Southwest Charter Foundation Inc's Employer Identification Number (EIN) is 01-0561262.
- How much revenue does Southwest Charter Foundation Inc report?
- Southwest Charter Foundation Inc reported $99,821,922 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Southwest Charter Foundation Inc's spending goes to programs?
- Southwest Charter Foundation Inc spends about 87% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Southwest Charter Foundation Inc have?
- CharityIndex grades Southwest Charter Foundation Inc C+, based on program efficiency and fundraising cost.
- How much does Southwest Charter Foundation Inc's highest-paid employee make?
- The highest reported compensation on Southwest Charter Foundation Inc's latest Form 990 is $137,538, paid to Michelle Thompson (Principal).
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Data for Southwest Charter Foundation Inc (EIN 01-0561262) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.