Chartersource EIN 88-0689849

Chartersource

EIN  88-0689849 Public charity (501(c)(3)) Saint Paul, MN
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Improves schools by supporting governance, leadership, and operations.
Leadership
Beth Finch · Former Executive Director · $105K
Money in and out
$439K revenue, $485K expenses
Bottom line
85% program efficiency

Improves schools by supporting governance, leadership, and operations. For fiscal year 2025 it reported $439K in revenue, $485K in expenses, and $604K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$439K
Pt VIII · Ln 12
Total expenses
$485K
Pt IX · Ln 25
Net assets
$604K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$46K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.12 Fundraising $0.02
Program efficiency
85%
of spending reaches programs▼ -5% vs prior filing year
Operating runway
14.9mo
months of highly liquid reserves at operating expense rate▲ +1% vs prior filing year
Surplus margin
-10%
revenue over expenses, this year▼ -152% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$439K
FY2025▼ -33%
Expenses
$485K
FY2025▼ -8%
Total assets
$607K
FY2025▼ -9%
Total liabilities
$3K
FY2025▼ -79%
Total revenue
$439K
Pt VIII · Ln 12
Total expenses
$485K
Pt IX · Ln 25
Net assets
$604K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$46K
Total assetsPt X · Ln 16$607K
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $415K of program spending, described in the organization's own filed words · FY2024.
01

Board and Operations Training

27 schools served. Board and new school incubation technologies with assessment and coaching services: 20 schools served.

$415Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CChartersource
EINHdr · item D88-0689849
Principal addressHdr · item CSaint Paul, MN
WebsiteHdr · item Jchartersource.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B99)
Ruling yearIRS BMFApr 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Former Executive Director
$104,600Pt VII · Sec A
Executive Director
$49,573Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Beth Finch’s $105K as Former Executive Director is at the 86th percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Statement of Revenue

Part VIII
Program service revenue$352K · 80%
Contributions & grants$73K · 17%
Investment income$13K · 3%
Program service revenue80%$352K
Contributions & grants17%$73K
Investment income3%$13K
Other revenue$1K
Total revenueLn 12$439K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.12 Fundraising $0.02
Program services85%$415K
Management & general12%$59K
Fundraising2%$12K
Total functional expensesLn 25$485K

Balance Sheet

Part X · end of year
CashLn 1$602K
Total assetsLn 16$607K
Total liabilitiesLn 26$3K
Total net assetsLn 32$604K
Months of cash on handcomputed14.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $602K · Operating expenses/yr $485K
14.9 months
Where the money goes
Program services
Program services $415K · Total expenses $485K
85%
Management & General
Management & general $59K · Total expenses $485K
12%
Fundraising
Fundraising $12K · Total expenses $485K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $8K · Solicited contributions (3-yr avg) $334K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $73K · Total revenue $439K
17%
Government reliance
Government grants — · Total revenue $439K
Earned-income share
Program service revenue $352K · Total revenue $439K
80%
Investment reliance
Investment income $13K · Total revenue $439K
+3%
Program self-sufficiency
Program service revenue $352K · Total expenses $485K
73%
Growth & trend
Revenue growth (YoY)
This year $439K · Prior year $657K
-33%
Net-asset trend (YoY)
End of year $604K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $439K · Expenses $485K
-10%
Liabilities-to-Assets
Total liabilities — · Total assets $607K
Net-asset ratio
Net assets $604K · Total assets $607K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $607K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Holly Amaya · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $50K · Total expenses $485K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $391K · Total expenses $485K
81%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 12%
Fundraising cost ratio 16%
Revenue growth -33%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$68K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$439K revenue · viewing · ⤓ 990 PDF
FY2024$657K revenue · ⤓ 990 PDF
FY2023not on file
FY2022$109K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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