BLACKSTONE ACADEMY CHARTER SCHOOL INC

EIN: 800025718 501(c)(3) Education

PAWTUCKET, RI

Total Revenue
$7,105,613
Total Expenses
$7,190,308
Total Assets
$8,251,441
Net Assets
$4,451,016
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Organization Details

Formation Year
2003
Legal Domicile
RI
Principal Officer
CAROLYN SHEEHAN
Phone
4017261750
Tax Period
2024-07-01 to 2025-06-30

BLACKSTONE ACADEMY CHARTER SCHOOL INC, founded in 2003, is a community nonprofit in the Education sector that reported $7.1M in total revenue in fiscal year 2024.

Mission

THE MISSION OF BLACKSTONE ACADEMY IS TO BUILD A SMALL COMMUNITY OF LEARNERS AND LEADERS THAT FOSTERS INDEPENDENT INQUIRY, TEAMWORK, COMMUNICATION, AND PROBLEM SOLVING.

Program Service Accomplishments

Program 1
Expenses: $6,082,492 Revenue: $6,391,168

THE CENTRAL PURPOSE OF BLACKSTONE ACADEMY CHARTER SCHOOL IS TO DEVELOP HIGH SCHOOL STUDENTS WHO GRADUATE EQUIPPED TO BE PROBLEM SOLVERS IN THEIR OWN LIVES. THEY MUST BE ABLE TO POSITIVELY INFLUENCE...

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THE CENTRAL PURPOSE OF BLACKSTONE ACADEMY CHARTER SCHOOL IS TO DEVELOP HIGH SCHOOL STUDENTS WHO GRADUATE EQUIPPED TO BE PROBLEM SOLVERS IN THEIR OWN LIVES. THEY MUST BE ABLE TO POSITIVELY INFLUENCE THEIR IMMEDIATE ENVIRONMENT AS WELL AS THE LARGER COMMUNITY. COMMUNITY INVOLVEMENT AND COMMUNITY IMPROVEMENT ARE KEY THEMES AT BACS. IN ORDER TO REACH THESE GOALS, THEY MUST BE PROFICIENT IN KEY ACADEMIC SKILLS, BUT ALSO BE ABLE TO APPLY THEIR LEARNING IN EVERYDAY SITUATIONS. DURING THE LAST SCHOOL YEAR, THE FACULTY AND STAFF WERE LASER FOCUSED ON COMPLETING A PROFICIENCY BASED ASSESSMENT AND GRADING SYSTEM THAT HAD BEEN DEVELOPED OVER SEVERAL YEARS BUT WAS JUST BEING FULLY IMPLEMENT. THIS CHANGE MEANS THAT ALL LEARNERS ARE NOW ASSESSED PRIMARILY ON WHAT THEY CAN DEMONSTRATE, THEY KNOW AND CAN APPLY. THE NEW SYSTEM DOES NOT GIVE STUDENTS A LETTER GRADE BUT A NUMBER REPRESENTATIVE OF MEETING /EXCEEDING STANDARD OR APPROACHING OR NOT MEETING STANDARD. THE SYSTEM HAS BEEN BUILT TO BE FULLY TRANSPARENT, SO THAT STUDENTS, PARENTS AND SUPPORTING STAFF MEMBERS CAN CLEARLY UNDERSTAND WHERE A STUDENT STANDS AT ANY GIVEN TIME AND WHAT THEY NEED TO DO TO MEET PROFICIENCY. IT IS OUR ON-GOING GOAL TO CONTINUE TO EVALUATE AND IMPROVE THE ASSESSMENT SYSTEM. HOWEVER, DEPARTMENT AND PROFESSIONAL LEARNING GROUP FEEDBACK INDICATES THAT TEACHERS ARE NOW MORE ALIGNED THAN EVER IN THEIR APPROACH TO CURRICULUM, ASSESSMENT AND IN JUDGING THE RIGOR OF STUDENT WORK. THIS INITIATIVE WAS IN ITS FINAL YEAR OF FUNDING SUPPORT BY THE BARR FOUNDATION.THE BARR FUNDING WAS ALSO SUPPLEMENTING THE SCHOOL'S ACCESS TO A CONSULTING COORDINATOR COURTNEY JACOBS WHO SHEPARADED THE LAUNCH OF PROFICIENCY BASED GRADING, THE PARTICIPATION OF 100 STUDENTS IN A BLACKSTONE FOCUSED LEADERSHIP SUMMIT AND A WELL-ATTENDED SERIES OF SCHOOL IMPROVEMENT TEAM MEETINGS THAT PROVIDED A DIVERSITY OF PERSPECTIVES AND IDEAS FOR OUR SCHOOL IMPROVEMENT PLAN. A GRANT FROM THE STATE DEPARTMENT OF EDUCATION ALLOWED US TO CONTINUE SUPPORT OF A MATH COACH AND A FIVE-YEAR LITERACY IMPROVEMENT GRANT WAS WON FOR THE FOLLOWING SCHOOL YEAR. THESE PIECES OF SUPPORT WERE CRUCIAL AT A TIME WHEN GENEROUS COVID-ERA ESSA FUNDING WAS COMING TO AN END AND THE SCHOOL WAS HAVING TO DOWNSIZE SUPPLEMENTAL STAFF SUPPORT TO STUDENTS. THE SCHOOL ALSO CONTINUED TO IMPROVE OUR STUDENT'S INVOLVEMENT IN COMMUNITY POST-COVID BY GETTING STUDENTS INTERESTED AND SKILLFUL IN SOLVING COMMUNITY PROBLEMS. THIS WAS DONE BOTH THROUGH COURSEWORK AND REQUIRED SOCIAL ACTION PROJECTS SUCH AS SERVICE-LEARNING PROJECTS JUNIOR YEAR AND SENIOR RESEARCH PAPERS AND SOCIAL ACTION PROJECTS SENIOR YEAR. DESPITE THIS BEING THE FIRST YEAR WHEN ALL OF THE COLLEGES AND UNIVERSITIES REQUIRING STANDARDIZED TEST SCORES FOR COLLEGE ADMISSION PRE-COVID, RETURNED TO THAT REQUIREDMENT, THE CLASS OF 2025 WERE ADMITTED TO A NUMBER OF HIGHLY COMPETITIVE COLLEGES INCLUDING YALE UNIVERSITY, FOR THE CLASS OF 2024 INCLUDED A NUMBER OF VERY COMPETITIVE COLLEGES INCLUDING BOSTON COLLEGE, BOSTON UNIVERSITY, BRANDEIS UNIVERSITY, CLARK UNIVERSITY, , PROVIDENCE COLLEGE, AND YALE UNIVERSITY TO NAME A FEW. OVER 80% OF THE GRADUATING CLASS ATTENDED A TWO- OR FOUR-YEAR COLLEGE IN THE FALL OF 2025. NEARLY ALL MEMBERS OF THE GRADUATING CLASS WERE FIRST IN THEIR FAMILY TO ATTEND COLLEGE SOME STUDENTS WILL ATTEND THE COMMUNITY COLLEGE OF RI FOR TWO YEARS AS ALL STUDENTS IN RHODE ISLAND ARE NOW GIVEN FREE TUITION FOR THE FIRST TWO YEARS THERE. MOST STUDENTS WILL BE ABLE TO ATTEND FOUR-YEAR COLLEGES DUE TO A COMBINATION OF MERIT SCHOLARSHIPS AND NEED-BASED AID. EIGHT STUDENTS COMPLETED A PRE-APPRENTICESHIP PROGRAM WITH THE STATE OF RHODE ISLAND AND GENERAL DYNAMICS WHICH ENABLED ALL OF THEM TO GO ON TO HIGH PAYING POSITIONS AT ELECTRIC BOAT. BLACKSTONE HAD THE 2ND HIGHEST PERCENTAGE OF STUDENTS STATEWIDE COMPLETING THE PROGRAM. FINALLY, BLACKSTONE ACADEMY HAD THE THIRD HIGHEST PERCENTAGE OF GRADUATING SENIORS IN THE STATE QUALIFY FOR A SEAL OF BILITERACY, ESTABLISHING THEIR PROFICIENCY IN BOTH ENGLISH AND ANOTHER LANGUAGE. BACS STUDENTS REPRESENTED THE HIGHEST PERCENTAGE OF LOW-INCOME STUDENTS IN A SCHOOL TO EARN THIS CREDENTIAL.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $695,509
Program Service Revenue $6,203,846
Investment Income $18,936
Other Revenue $187,322
TOTAL REVENUE $7,105,613

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,286,949
Fundraising Expenses $127,384
Program Expenses $6,082,492
Other Expenses $1,903,359
TOTAL EXPENSES $7,190,308

Year-over-Year Comparison

2024 2023 Change
Revenue $7,105,613 $7,448,356 0.0%
Expenses $7,190,308 $7,474,715 0.0%
Net Income $-84,695 $-26,359 +2.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
100
Volunteers
35

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$257,036
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELISSA FLAHERTY PRESIDENT 1.00
Officer Director
$0 $0 $0
DIANE DUFRESNE VICE CHAIR 1.00
Officer Director
$0 $0 $0
CRISTIAN GIRALDO SECRETARY 1.00
Officer Director
$0 $0 $0
TERRENCE GREEN DIRECTOR 1.00
Director
$0 $0 $0
AUGUSTUS SILVA DIRECTOR 1.00
Director
$0 $0 $0
MELISSA MONTOYA TREASURER 1.00
Officer Director
$0 $0 $0
ELIZABETH NEWTON DIRECTOR 1.00
Director
$0 $0 $0
CELIA CONTRERAS DIRECTOR 1.00
Director
$0 $0 $0
TATIANA REIS DIRECTOR 1.00
Director
$0 $0 $0
MENA SILVA DIRECTOR 1.00
Director
$0 $0 $0
CARLOS TOBON DIRECTOR 1.00
Director
$0 $0 $0
CAROLYN SHEEHAN EXECUTIVE DIRECTOR 40.00
Officer
$127,592 $0 $127,592
KYLEEN CARPENTER HEAD OF SCHOOL 40.00
Officer
$129,444 $0 $129,444
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $7,105,613 $7,190,308 $8,251,441 $-84,695
2024 $7,448,356 $7,474,715 $8,909,363 $-26,359
2023 $7,441,350 $7,400,933 $8,686,210 $40,417
2022 $6,827,407 $6,841,391 $8,690,863 $-13,984
2021 $6,306,674 $5,963,816 $8,793,949 $342,858
2020 $6,023,731 $5,734,193 $5,123,191 $289,538
2019 $5,920,019 $5,757,367 $4,901,953 $162,652
2018 $5,728,458 $4,875,646 $4,716,088 $852,812
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