Share |

Friends of Excel Academy Inc.

 2 Neptune Road, #148
 East Boston, MA 02128
[P] (617) 874-4080
[F] (617) 670-2388
www.excelacademy.org
[email protected]
Shane Dunn
Facebook Twitter
INCORPORATED: 2004
 Printable Profile (Summary / Full)
EIN 30-0211613

LAST UPDATED: 03/09/2015
Organization DBA Excel Academy - East Boston
Excel Academy - Chelsea
Excel Academy - Orient Heights
Excel Academy Charter High School
Former Names --
Organization received a competitive grant from the Boston Foundation in the past five years No

Summary

Mission StatementMORE »

The mission of Excel Academy is to prepare students to succeed in high school and college, apply their learning to solve relevant problems, and engage productively in their communities.

Mission Statement

The mission of Excel Academy is to prepare students to succeed in high school and college, apply their learning to solve relevant problems, and engage productively in their communities.

FinancialsMORE »

Fiscal Year July 01, 2014 to June 30, 2015
Projected Income $12,042,745.00
Projected Expense $11,278,556.00

ProgramsMORE »

  • Excel High School Real Estate
  • Graduate Services & Post Secondary Support
  • Growth Fund

Revenue vs. Expense ($000s)

Expense Breakdown 2014 (%)

Expense Breakdown 2013 (%)

Expense Breakdown 2012 (%)

For more details regarding the organization's financial information, select the financial tab and review available comments.


Overview

Mission Statement

The mission of Excel Academy is to prepare students to succeed in high school and college, apply their learning to solve relevant problems, and engage productively in their communities.

Background Statement

Excel Academy Charter Schools is a network of high-performing, tuition-free public schools serving students from Boston and Chelsea. Excel Academy- East Boston is our flagship school and was founded in 2003 to address the severe academic under-performance and low college matriculation rates of the predominantly low-income, Latino students from these urban communities, and thereby change the life trajectories of these students by ensuring that they receive access to high quality educations and matriculate to and graduate from college. 

Excel currently operated three middle schools: Excel – East Boston (2003) Excel – Chelsea (2011) and Excel – Orient Heights (2012). At full enrollment, each school will serve 224 students in grades 5-8, for a total of 650+ students across our three middle schools. All of our schools are tuition-free public schools educating all learners who come through our doors. Each spring, new students are admitted through a blind public lottery.

Excel's student population consists of the following demographics:

  • Approximately 77% Latino & 80% low-income
  • Roughly 50% of students report speaking a language other than English at home
  • Approximately 18% receive Special Education services
  • Only 16% of children report having parents who have pursued education beyond a high school degree
  • On average, over two-thirds of our fifth graders arrive at Excel reading three or more grade levels below the educational standard for their age-level, and with computation skills that test at two or more grade levels below standard

 Excel’s unique program is based on the basic belief that every student should be held to the highest academic and behavioral expectations. To meet the challenges faced by the demographic we serve, and in an effort to prepare our students to succeed in college-preparatory high schools and beyond, Excel offers a rigorous curriculum supported by a structured school culture. 

 Excel provides a challenging, standards-based curriculum guided by the Massachusetts frameworks, national standards, and standards developed by other successful charter and district public schools. The curriculum is designed to ensure students gain full mastery of fundamental skills while developing the higher order critical thinking skills necessary for success in high school and college. The implementation of our innovative program and curriculum has resulted in significant academic gains for all students. Excel students have consistently outperformed their local peers on the math and English MCAS exams. Excel has seen a remarkable level of consistent achievement on MCAS exams, which provides an important benchmark to let our teachers and students know the quality of an Excel Academy education.

In 2015, Excel Academy's students will take the PARCC exam, an assessment that is aligned with the Common Core Standards. 

Impact Statement

Accomplishments

Excel Academy is a growing network of high-performing tuition-free public charter schools in East Boston and Chelsea dedicated to educating traditionally underserved youth in these neighborhoods and providing them with the knowledge, strength of character, intellectual curiosity, and grit necessary to succeed in high school, college, and beyond. We are proud of our many accomplishments that help us prepare our students for life. Here are five of our many accomplishments over the past few years.

 

  1. Successfully launched our second and third middle schools in Chelsea (2011) and Orient Heights (2012). Excel Academy – Chelsea is now a fully-enrolled 5-8 middle school, while Excel Academy – Orient Heights is enrolled through 7th grade. In 2015, all three of Excel’s middle schools will be fully enrolled, serving a total of 650+ students.
  2. For the five of the past seven years, Excel – East Boston been ranked as the number one public middle school in the Commonwealth of Massachusetts based on MCAS performance.
  3. 64% of Excel’s college-age alumni are persisting towards a college degree, with significant support being provided by our five-person Graduate Services Department.
  4. The organization has raised $8 million towards our organization’s $12 million capital campaign fundraising goal since July 2013.
  5. Made significant operational progress (including leadership hiring) for Excel Academy Charter High School, which will welcome its first 9th grade class in fall 2015.
  6. Completed all of the necessary steps (including significant fundraising requirements) to begin construction on a brand new $26 million, 55,000-square foot facility for Excel Academy Charter High School in East Boston. The building will open in time for the 2016-2017 academic year. 

 

 
 

 


Needs Statement

Excel is currently in the middle of a three-year, $12 million capital campaign to raise money for the following three key areas:

1. Capital Fundraising for New High School Building: $7 million

2. Organizational Growth Capital: $3 million 
 
3. Graduate Services Department: $2 million 

Unfortunately, public funds do not fully support charter schools' capital expenses or allow for scaled growth. Our fundraising needs are focused on these important growth-related priorities.

  • Start-up capital costs associated with opening new schools.
  • Capital expenses related to the purchase of our new high school building.
  • Ongoing operational expenses related to scaled growth at our middle schools and our high school during its early years.
  • Supports Excel’s network team that oversees Excel’s expansion and centralizes administrative responsibilities

CEO Statement

--

Board Chair Statement

--

Geographic Area Served

GREATER BOSTON REGION, MA
City of Boston- East Boston

Excel Academy Charter Schools is a network of high-performing, tuition-free public schools serving students from Boston and Chelsea. Excel currently operated three middle schools: Excel – East Boston (2003) Excel – Chelsea (2011) and Excel – Orient Heights (2012). At full enrollment in 2015, each school will serve 224 students in grades 5-8. As a regional charter school, students from outside of Boston proper and Chelsea are also eligible to attend Excel.

    

Organization Categories

  1. Education - Charter Schools
  2. -
  3. -

Independent research has been conducted on this organization's theory of change or on the effectiveness of this organization's program(s)

Yes

Programs

Excel High School Real Estate

Excel will launch a high school in the fall of 2015. At full scale it will serve more than 600 deserving students from Boston and Chelsea. We feel launching this high school is critical in achieving our mission at scale.  Our students must be placed and remain on an educational trajectory that leads to college.  Excel initiates this life-changing endeavor each year when 168 fifth grade students first walk through our schools’ doors. Our goal is for those same students to cross Excel’s high school graduation stage and matriculate and graduate from college.

 

Unfortunately, finding an appropriate facility will be challenging. We will need approximately $4 million in order to secure and renovate a high school facility.

 

Budget  $4,000,000.00
Category  Education, General/Other Elementary & Secondary Education
Population Served Minorities At-Risk Populations
Program Short-Term Success  Excel will secure funding to support the acquisition and renovation of an appropriate high school facility in East Boston. 
Program Long-Term Success  Excel will operate a 600+ capacity high school in East Boston. It will launch in fall of 2015. 
Program Success Monitored By  Tracking pledges and donations. 
Examples of Program Success  Gifts and pledges are received and allocated towards high school capital expenses. 

Graduate Services & Post Secondary Support

Excel has built a multi-faceted and all-inclusive Graduate Services and Post Secondary Support Department that provides all students with the supports they need to succeed in both high school and college.  Our program leverages the strong relationships we foster with Excel students and families to address the many barriers to higher education. We provide programming that is inclusive, comprehensive and targeted to meet the needs of our Latino, low-income, immigrant youth and their families that is traditionally not readily available to this demographic.

Budget  $292,251.00
Category  Education, General/Other Alumni
Population Served At-Risk Populations Minorities
Program Short-Term Success 
We have several goals for this school year.
  • 90% of Excel graduates enroll in a college-prep high school program.
  • 70% of Excel seniors who graduate from high school will enroll in a 4-year college or university degree program 
  • 100% of Excel's alumni who graduated high school in 2012 will engage in a productive post secondary plan. This includes enrollment in a 2-4 year college or university, in a vocational program, in the military, or as a member of the work force.  
Program Long-Term Success  All Excel graduates will enroll and graduate from college and be productive members of their communities. 
Program Success Monitored By  High school and college matriculation and graduation data for all Excel graduates. 
Examples of Program Success  Excel graduates are attending and graduating from college-pathway high schools and enrolling and graduating from colleges and/or universities. 

Growth Fund

Around Boston, there are thousands of students who are put on waitlists; we are forced to turn away roughly 80% of students who enter our  lottery each year.   We don’t believe that your zip code, race or income level should determine your future, nor should a lottery. We feel a sense of urgency and obligation to expand. Unfortunately, public funds do not support charter schools' capital expenses or allow for scaled growth. We need private support to help pay for our facilities expenses, renovations, and to cover the start-up costs associated with scaled growth. Excel’s Growth Fund supports four growth related needs.

  • Start-up capital costs associated with opening two news schools.
  • Capital expenses related to the purchase and renovation of 58 Moore Street.
  • Ongoing operational expenses related to scaled growth.
  • Supports Excel’s network team
Our goal is to raise $2 million of our total $6 million growth fund this fiscal year. 


Budget  $2,000,000.00
Category  Education, General/Other Alumni
Population Served At-Risk Populations Minorities
Program Short-Term Success 
Excel's will successfully operate three middle schools that provide a high quality, college preparatory education. 
Program Long-Term Success  All Excel graduates will enroll and graduate from college and be productive members of their communities. 
Program Success Monitored By  MCAS data, internal Excel behavior and cognitive development data.
Examples of Program Success  90% of all Excel students will score advanced/proficient on all MCAS exams.

CEO/Executive Director/Board Comments

--

Management


CEO/Executive Director Mr. Owen Stearns
CEO Term Start June 2013
CEO Email [email protected]
CEO Experience
Owen is Excel's Chief Executive Officer and served as founding board chair from 2003 until 2008. Prior to joining Excel as CEO, Owen was a strategy consultant for twelve years, working with nonprofit leaders to achieve large-scale social change through innovative strategies, strong organizational design and nimble leadership teams. He comes to Excel directly from the Monitor Institute, where he was an Associate Partner focused largely on educational issues. Prior to Monitor, he was a Senior Consultant with the Foundation Strategy Group (now FSG). He was also an early board member and eventually the Co-Director of The City School, which develops young leaders from public, private and parochial schools through a service-learning curriculum. Owen is a graduate of Amherst College. - See more at: http://www.excelacademy.org/about-excel/excel-academy-network-team#sthash.sGVgO25y.dpuf
Co-CEO --
Co-CEO Term Start --
Co-CEO Email --
Co-CEO Experience --

Former CEOs and Terms

Name Start End
Mr. Yutaka Tamura May 2012 June 2013
Mr. David Ellis Oct 2010 June 2012

Senior Staff

Name Title Experience/Biography
Mrs. Rebecca Cass Managing Director of Network Programming Rebecca is Excel's Managing Director of Network Programming. She facilitates departmental organization and programming across our network; prior to Excel's expanison, Rebecca wrote the additional charter applications responsible for our growth from a single school into our now growing network. Prior to serving in this role, Rebecca was Excel's Interim Executive Director and also served on Excel's Board of Trustees. She has extensive experience in charter school policy and management, having served as the Director of Policy and National Activities for the National Association of Charter School Authorizers. She has also worked in the Charter School Office of the Massachusetts Department of Education. Rebecca holds a bachelor's degree from Syracuse University and a master's in public administration from Suffolk University. - See more at: http://www.excelacademy.org/about-excel/excel-academy-network-team#sthash.sGVgO25y.dpuf
Mr. Shane Dunn Managing Director of Strategic Growth and Development Shane is Excel's Managing Director of Strategic Growth & Development. He is responsible for planning and executing the network's fundraising, external relations, and marketing efforts. Prior to Excel, Shane was Assistant Director of Alumni Relations and Annual Giving at MIT’s Sloan School of Management. Prior to MIT, he worked in fundraising and alumni relations at Harvard University and Tufts University. He is an active alumni volunteer for his alma mater, Cornell University. He also serves in a volunteer leadership capacity for the Council for the Advancement and Support of Education’s (CASE) annual 900-person professional industry conference in Boston. In addition to his bachelor’s degree in Communication from Cornell, Shane also holds a master’s degree in higher education administration from the Lynch School of Education at Boston College. He is a member of the board of directors of Boston-based Gay & Lesbian Advocates & Defenders (GLAD). - See more at: http://www.excelacademy.org/about-excel/excel-academy-network-team#sthash.sGVgO25y.dpuf
Andrew Solomon Managing Director of Finance and Operations Begins on March 1, 2015

Awards

Award Awarding Organization Year
-- -- --

Affiliations

Affiliation Year
-- --
Member of state association of nonprofits? No
Name of state association --

External Assessments and Accreditations

External Assessment or Accreditation Year
-- --

Collaborations

--

CEO/Executive Director/Board Comments

..

Foundation Comments

--

Staff Information

Number of Full Time Staff 105
Number of Part Time Staff 21
Number of Volunteers 50
Number of Contract Staff 0
Staff Retention Rate % 83%

Staff Demographics

Ethnicity African American/Black: 7
Asian American/Pacific Islander: 3
Caucasian: 100
Hispanic/Latino: 10
Native American/American Indian: 0
Other: 0
Other (if specified): 0
Gender Female: 93
Male: 26
Not Specified 0

Plans & Policies

Organization has Fundraising Plan? Under Development
Organization has Strategic Plan? Under Development
Years Strategic Plan Considers N/A
Management Succession Plan No
Business Continuity of Operations Plan No
Organization Policies And Procedures No
Nondiscrimination Policy Yes
Whistle Blower Policy No
Document Destruction Policy No
Directors and Officers Insurance Policy Yes
State Charitable Solicitations Permit Exempt
State Registration --

Risk Management Provisions

--

Reporting and Evaluations

Management Reports to Board? Yes
CEO Formal Evaluation and Frequency Yes Annually
Senior Management Formal Evaluation and Frequency Yes Annually
Non Management Formal Evaluation and Frequency Yes Annually

Governance


Board Chair Ms. Mary Elisabeth Swerz
Board Chair Company Affiliation Community Volunteer
Board Chair Term July 2012 -
Board Co-Chair --
Board Co-Chair Company Affiliation --
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Kate Bueker* Akamai Technologies Voting
Mr. John Casais Jones Day Voting
Douglas Chope* Micro Strategy Voting
Chris DeLorey Marsh & McLennan Agency Voting
Mr. Tom Ellis North Run Capital Voting
Mr. M. Benjamin Howe AGC Partners Voting
Ms. Minnie Joung Formerly of Fidelity Investments Voting
Mrs. Lauren Kushman NewSchools Venture Fund Voting
Tucker Levy* Associated Early Care & Education Voting
Mr. Stephen Mugford Capital One Voting
Mr. Matt Ottmer Biogen Idec, Inc. Voting
Mrs. Susan Passoni Founding Board Member Voting
Mr. Seth Reynolds* Parthenon Group Voting
Mr. Juan Rivera Simon-Kucher Voting
Ms. Mary Elisabeth Swerz* Community volunteer Voting
Mr. Mark Taber Great Hill Partners Voting

Constituent Board Members

Name Company Affiliations Status
-- -- --

Youth Board Members

Name Company Affiliations Status
-- -- --

Advisory Board Members

Name Company Affiliations Status
Carlo Basile Chief Secretary, Commonwealth of Massachusetts --
Bob Giannino uAspire --
John Kelly East Boston Social Centers --
Sal LaMattina Boston City Council --
Jordan Meranus Ellevation Education --
Susan Passoni -- --
Anthony Petruccelli Massachusetts House of Representatives --
Mr. Danny Ryan Massachusetts State Representative --
Karen Schwartzman Polaris Communications --
Alejandra St. Guillen Mayor's Office of New Bostonians, City of Boston --
Rebecca Sullivan MassDevelopment --

Board Demographics

Ethnicity African American/Black: 0
Asian American/Pacific Islander: 0
Caucasian: 6
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): --
Gender Female: 3
Male: 3
Not Specified 0

Board Information

Board Term Lengths --
Board Term Limits --
Board Meeting Attendance % --
Written Board Selection Criteria Under Development
Written Conflict Of Interest Policy Yes
Percentage of Monetary Contributions 100%
Percentage of In-Kind Contributions 100%
Constituency Includes Client Representation No

Standing Committees

    --

CEO/Executive Director/Board Comments

*Please note the asterisks next to last names above are meant to identify members of Excel Academy's Foundation Board, or the official board of the corporation Friends of Excel Academy Charter Schools, our nonprofit fundraising arm. The other board members are the official voting members of the Excel Academy Board of Trustees. More information about our primary governing board, including meeting information and responsibilities, is readily available considering it is a public board of trustees. 
 
As a public charter school authorized by the State Department of Elementary and Secondary Education (DESE), Excel Academy Charter School is legally governed and operated by a School Board of Trustees (the third board listed above). This board is responsible for ensuring the school is compliant and financially responsible with all state and federal laws and regulations. Christopher DeLorey is chair of the Excel Academy Charter School Board of Trustees.

Please note that as of July 1, 2014, all Excel Academy campuses fall under one single state authorized charter. Therefore, the entire network of campuses is legally referred to as Excel Academy Charter School, with four separate campuses: Excel Academy - East Boston, Excel Academy - Chelsea, Excel Academy - Orient Heights, Excel Academy Charter High School. 

Foundation Comments

--

Financials


Revenue vs. Expense ($000s)

Expense Breakdown 2014 (%)

Expense Breakdown 2013 (%)

Expense Breakdown 2012 (%)

Fiscal Year July 01, 2014 to June 30, 2015
Projected Income $12,042,745.00
Projected Expense $11,278,556.00
Form 990s

2013 990

2012 990

2011 990

2010 990

2009 990

Audit Documents

2014 Audit

2013 Audit

2012 Audit

2011 Audit

2010 Audit

2009 Audit

IRS Letter of Exemption

IRS Letter of Determination

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2014 2013 2012
Total Revenue $12,004,170 $9,449,781 $6,267,019
Total Expenses $10,299,716 $8,797,326 $5,399,462

Prior Three Years Revenue Sources

Fiscal Year 2014 2013 2012
Foundation and
Corporation Contributions
-- -- --
Government Contributions $7,282,223 $5,945,413 $3,772,152
    Federal -- -- --
    State $6,688,927 $4,982,046 $3,232,591
    Local -- -- --
    Unspecified $593,296 $963,367 $539,561
Individual Contributions $2,411,147 $1,915,705 $1,786,090
Indirect Public Support -- -- --
Earned Revenue $600,094 $424,205 $181,735
Investment Income, Net of Losses $375,423 $417,739 $176,088
Membership Dues -- -- --
Special Events $144,200 $196,252 $105,328
Revenue In-Kind $111,628 $138,900 $144,000
Other $1,079,455 $411,567 $101,626

Prior Three Years Expense Allocations

Fiscal Year 2014 2013 2012
Program Expense $7,138,379 $5,658,203 $4,160,047
Administration Expense $3,065,230 $3,067,813 $1,194,589
Fundraising Expense $96,107 $71,310 $44,826
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 1.17 1.07 1.16
Program Expense/Total Expenses 69% 64% 77%
Fundraising Expense/Contributed Revenue 1% 1% 1%

Prior Three Years Assets and Liabilities

Fiscal Year 2014 2013 2012
Total Assets $28,692,340 $26,034,412 $20,962,815
Current Assets $4,290,298 $2,147,332 $3,795,621
Long-Term Liabilities $21,470,854 $21,418,133 $13,363,000
Current Liabilities $1,691,332 $790,579 $3,804,596
Total Net Assets $5,530,154 $3,825,700 $3,795,219

Prior Three Years Top Three Funding Sources

Fiscal Year 2014 2013 2012
1st (Source and Amount) -- --
-- --
-- --
2nd (Source and Amount) -- --
-- --
-- --
3rd (Source and Amount) -- --
-- --
-- --

Financial Planning

Endowment Value --
Spending Policy --
Percentage(If selected) --
Credit Line Yes
Reserve Fund Yes
How many months does reserve cover? --

Capital Campaign

Are you currently in a Capital Campaign? Yes
Capital Campaign Purpose We have launched a three-year, $12 million capital fundraising campaign to support the acquisition and renovation of a building for our high school, while also raising money to support our operating needs until we are at full enrollment.
Campaign Goal $12,000,000.00
Capital Campaign Dates July 2013 - Dec 2016
Capital Campaign Raised-to-Date Amount $8,100,000.00
Capital Campaign Anticipated in Next 5 Years? Yes

Short Term Solvency

Fiscal Year 2014 2013 2012
Current Ratio: Current Assets/Current Liabilities 2.54 2.72 1.00

Long Term Solvency

Fiscal Year 2014 2013 2012
Long-term Liabilities/Total Assets 75% 82% 64%

CEO/Executive Director/Board Comments

--

Foundation Comments

Financial summary data in the charts and graphs above is per the organization's audited financials and reflects both the school and the foundation. Contributions from foundations and corporations are listed under individuals when the breakout was not available.
 
Please note the FY13 data above is per the FY14 audit document, as the FY13 data was restated. 

Documents


Other Documents

No Other Documents currently available.

Impact

The Impact tab is a section on the Giving Common added in October 2013; as such the majority of nonprofits have not yet had the chance to complete this voluntary section. The purpose of the Impact section is to ask five deceptively simple questions that require reflection and promote communication about what really matters – results. The goal is to encourage strategic thinking about how a nonprofit will achieve its goals. The following Impact questions are being completed by nonprofits slowly, thoughtfully and at the right time for their respective organizations to ensure the most accurate information possible.


1. What is your organization aiming to accomplish?

--

2. What are your strategies for making this happen?

--

3. What are your organization’s capabilities for doing this?

--

4. How will your organization know if you are making progress?

--

5. What have and haven’t you accomplished so far?

--