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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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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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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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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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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