Civic Intelligence

National Association of Charter School Authorizers

EIN 84-1553195 • 501(c)3 • Chicago, IL

Profile

To promote the establishment and operation of quality charter schools through oversight in the public interest. In alignment with nacsas mission statement; the intended impact of programming and activities is to develop quality authorizing environments that lead to a greater number of quality charter schools.

1 E Erie Street Suite 525 380Chicago, IL 60611

www.qualitycharters.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

43rd percentile

0.08x

Higher debt load relative to assets than 43% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

31st percentile

0.06x

Higher debt load relative to revenue than 31% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

76th percentile

24%

Higher net margin than 76% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

91st percentile

$351,791

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

88th percentile

36%

Faster asset growth than 88% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

76th percentile

30%

Faster revenue growth than 76% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Up

$4,887,177

Up $427,362 (+9.6%) from 2023

Liabilities

Down

$404,549

Down $1,219,197 (-75%) from 2023

Net Assets

Up

$4,482,628

Up $1,646,559 (+58%) from 2023

Revenue

Up

$6,758,930

Up $3,137,702 (+87%) from 2023

Expenses

Down

$5,165,426

Down $287,048 (-5.3%) from 2023

Net Income

Up

$1,593,504

Up $3,424,750 (+187%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2011: $5,809,278Liabilities 2011: $1,042,087Net Assets 2011: $4,767,1912011Assets 2012: $6,916,349Liabilities 2012: $1,356,501Net Assets 2012: $5,559,8482012Assets 2013: $9,637,467Liabilities 2013: $1,022,156Net Assets 2013: $8,615,3112013Assets 2014: $9,760,993Liabilities 2014: $765,829Net Assets 2014: $8,995,1642014Assets 2015: $6,360,917Liabilities 2015: $666,234Net Assets 2015: $5,694,6832015Assets 2016: $6,977,450Liabilities 2016: $467,677Net Assets 2016: $6,509,7732016Assets 2017: $6,141,865Liabilities 2017: $574,828Net Assets 2017: $5,567,0372017Assets 2018: $6,986,449Liabilities 2018: $497,903Net Assets 2018: $6,488,5462018Assets 2019: $5,233,528Liabilities 2019: $373,855Net Assets 2019: $4,859,6732019Assets 2020: $4,579,319Liabilities 2020: $1,399,037Net Assets 2020: $3,180,2822020Assets 2021: $5,639,775Liabilities 2021: $3,109,165Net Assets 2021: $2,530,6102021Assets 2022: $6,426,889Liabilities 2022: $1,759,574Net Assets 2022: $4,667,3152022Assets 2023: $4,459,815Liabilities 2023: $1,623,746Net Assets 2023: $2,836,0692023Assets 2025: $4,887,177Liabilities 2025: $404,549Net Assets 2025: $4,482,6282025

Highlighted filing

2025

Assets$4,887,177
Liabilities$404,549
Net Assets$4,482,628

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2011: $5,261,1992011Expenses 2012: $6,729,0352012Expenses 2013: $7,187,7262013Revenue 2014: $7,555,145Expenses 2014: $7,175,292Net Income 2014: $379,8532014Revenue 2015: $3,348,762Expenses 2015: $6,649,243Net Income 2015: -$3,300,4812015Revenue 2016: $8,154,909Expenses 2016: $7,339,819Net Income 2016: $815,0902016Revenue 2017: $5,579,918Expenses 2017: $6,522,654Net Income 2017: -$942,7362017Revenue 2018: $7,069,897Expenses 2018: $6,148,388Net Income 2018: $921,5092018Revenue 2019: $4,606,718Expenses 2019: $6,235,591Net Income 2019: -$1,628,8732019Revenue 2020: $4,317,820Expenses 2020: $5,997,211Net Income 2020: -$1,679,3912020Revenue 2021: $4,827,168Expenses 2021: $4,943,474Net Income 2021: -$116,3062021Revenue 2022: $6,470,575Expenses 2022: $4,333,870Net Income 2022: $2,136,7052022Revenue 2023: $3,621,228Expenses 2023: $5,452,474Net Income 2023: -$1,831,2462023Revenue 2025: $6,758,930Expenses 2025: $5,165,426Net Income 2025: $1,593,5042025

Highlighted filing

2025

Revenue$6,758,930
Expenses$5,165,426
Net Income$1,593,504

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.89$0.40$4.48$6.76$5.17$1.59
2023Summary only. Only limited summary data is available for this year.$4.46$1.62$2.84$3.62$5.45$1.83
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.43$1.76$4.67$6.47$4.33$2.14
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.64$3.11$2.53$4.83$4.94$0.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.58$1.40$3.18$4.32$6.00$1.68
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.23$0.37$4.86$4.61$6.24$1.63
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.99$0.50$6.49$7.07$6.15$0.92
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.14$0.57$5.57$5.58$6.52$0.94
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.98$0.47$6.51$8.15$7.34$0.82
2015Detailed filing. Detailed filing data is available for this year.$6.36$0.67$5.69$3.35$6.65$3.30
2014Detailed filing. Detailed filing data is available for this year.$9.76$0.77$9.00$7.56$7.18$0.38
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.64$1.02$8.62$7.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.92$1.36$5.56$6.73
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.81$1.04$4.77$5.26
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 2, 2026
Return Version
2024v5.0
Gross Receipts
$6,779,327
Mission and Program Overview

Mission

To promote the establishment and operation of quality charter schools through responsible oversight in the public interest. Nacsa serves the education and resource needs of the full range of chartering authorities across the country, whose work is vital to enhancing educational opportunities for students and servicing the needs of parents, educators and community leaders for greater educational accountability of our public schools.

Promote establishment and operation of quality charter schools through responsible oversight in the public interest.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$1,972,474-
Savings and Temporary Cash Investments$2,582,830$1,518,802▼ $1,064,028
Cash and Non-Interest-Bearing Accounts$253,876$674,240▲ $420,364
Accounts Receivable$431,602$460,757▲ $29,155
Prepaid Expenses and Deferred Charges$138,071$135,815▼ $2,256
Land, Buildings, and Equipment, Net$51,109$11,408▼ $39,701
Total Assets$3,597,934$4,887,177▲ $1,289,243
Other Assets Total$140,446$113,681▼ $26,765
Liabilities
Accounts Payable and Accrued Expenses$403,588$313,865▼ $89,723
Deferred Revenue$260,755$88,905▼ $171,850
Other Liabilities$44,467$1,779▼ $42,688
Total Liabilities$708,810$404,549▼ $304,261
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,407,618$2,262,049▼ $145,569
Net Assets With Donor Restrictions$481,506$2,220,579▲ $1,739,073
Total Net Assets Fund Balance$2,889,124$4,482,628▲ $1,593,504
Total Liabilities and Net Assets / Fund Balance$3,597,934$4,887,177▲ $1,289,243

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,408$243,803$255,211
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Marcus Karega RauschCEOFT$285,716$66,075$351,791
Guerschmide Saint-ange - ChiefOperating ofFT$182,999$42,274$225,273
Guerschmide Saint-ange - ChiefOperating Officer-$182,024$43,249$225,273
Elisa Westapher - Chief Development& Business OFT$173,005$43,596$216,601
Elisa Westapher - Chief Development& Business Officer-$172,645$44,564$216,601
Heather Wendling - Vp of BusinessDevelopmentFT$135,415$63,912$200,009
Veronica Brooks - Vp of PolicyInstitutionaFT$163,330$33,224$196,554
Veronica Brooks - Vp of PolicyInstitutional Change-$162,482$34,033$196,554
David Greenberg - Vp of AuthorizerLearning & DFT$139,439$40,936$180,375
David Greenberg - Vp of AuthorizerLearning & Devlopmnt-$137,886$42,434$180,375
Courtney Hughley - Vp ofCommunicatioFT$144,545$32,302$176,847
Courtney Hughley - Vp ofCommunications-$143,784$33,118$176,847
Sean Conlan - Senior Director ofResearch & EFT$127,679$26,249$153,928
Sean Conlan - Senior Director ofResearch & Evaluatio-$126,846$27,195$153,928
James Whalen - Director Authorizer& School QuaFT$102,912$14,694$117,606
Brian Graham - OutgoingCFOFT$48,722$3,778$52,500

Board Members and Trustees

NameTitle
Joseph EscobedoChair
Ebony LeeVice Chair
Carlos LejnieksBoard Member
Elliot SmalleyBoard Member
Frederick HessBoard Member
Kelli PetersonBoard Member
Sara MeadBoard Member
Scott BessBoard Member
Steve Canavero - OutgoingBoard Member
Kathryn Mullen UptonSecretary
Robbyn WahbyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
The Westin Galleria And Oaks HoustonVenue Catering5011 WESTHEIMER, POST OAK BLVD, Houston, TX 77056$300,158
Lilacs On York Creative StudiosAccounting Serv2400 DOWLING STREET, Valparaiso, IN 46385$123,765
Empact WorkMarketing509 NE 64TH STREET APT 1, Miami, FL 33138$115,000
-Management Cons160 JADE COVE CIR, Roswell, GA 30075$111,358
Revenue and Support

Revenue Composition

Contributions and Grants
$5,463,628
Program Service Revenue
$1,276,661
Investment Income
$15,574
Other Revenue
$3,067
All Other Contributions
$5,307,518
Change in Net Assets
$1,593,504

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,758,930
Revenue Not Reported on Form 990
$750
Total Revenue per Audited Statements
$6,759,680
Total Revenue per Form 990
$6,758,930
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,647,644
Other Expenses$2,517,782
Total Fundraising Expense$242,445
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,273,730$445,036$80,518$1,799,284
Fees for Services Other$798,313$319,513$6,250$1,124,076
Conferences and Meetings$388,698$34,191-$422,889
Fees for Services Accounting-$327,326-$327,326
Current Officers, Directors, Trustees, and Key Employees$248,344-$74,937$323,281
Other Employee Benefits$219,545$64,450$22,413$306,408
Information Technology$94,955$97,734-$192,689
Payroll Taxes$104,113$30,887$10,669$145,669
Travel$50,266$35,142$17,218$102,626
Fees for Services Lobbying$96,000--$96,000
Fees for Services Legal$78,442$5,739-$84,181
Pension Plan Contributions$52,360$15,308$5,334$73,002
Occupancy$7,990$32,041$24$40,055
Insurance-$35,095-$35,095
Depreciation Depletion-$19,303-$19,303
Office Expenses$3,811$7,312-$11,123
Other Expenses$2,762$5,821$1,115$5,821
All Other Expenses$856,191$-876,990$23,967$3,168
Advertising$120--$120
Total Functional Expenses$4,278,908$644,073$242,445$5,165,426

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,166,176
Expenses per Audited Statements$5,165,426
Total Expenses per Form 990$5,165,426
Expenses Not Reported on Form 990$750
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit$1,779
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Nacsa's bylaws establish two classes of membership: 1. Regular membership is open to institutions, agencies, and other entities across the united states that are legislatively authorized to grant charters for operation of public charter schools and to oversee and evaluate public charter school performance. 2. Associate membership is open to organizations that support the mission of nacsa but are not legislatively authorized to grant charters and to any individuals that support the mission of nacsa.

Form 990, Page 6, Part VI, Line 7A

Nacsa's bylaws provide for the election of board members by a vote of the board of directors. The composition of the board is restricted to nacsa members. Nominations for board members are solicited from nacsa's membership.

Form 990, Page 6, Part VI, Line 7B

Nacsa's bylaws provide for the following oversight by the membership (during the annual meeting) of governance decisions: 1. Regular members will vote on any resolutions proposed for the association that have been duly filed in writing in accordance with article x(resolutions), and may pass such resolutions by a majority vote of all regular members present and voting. 2. Any duly filed amendments to the bylaws may be adopted by a majority vote of all regular members present and voting. 3. The association's membership may act to repeal the bylaws or adopt new bylaws by majority vote of all regular members present and voting.

Form 990, Page 6, Part VI, Line 11B

Nacsa has established a finance committee which is composed of 5 members of the board of directors. The duties and responsibility of the finance committee include the independent audit report review function and the form 990 review. Specifically, the form 990 is provided electronically to all finance committee members. Members forward any comments or questions directly to nacsa's cfo prior to filing.

Form 990, Page 6, Part VI, Line 12C

Nacsa's president and ceo will monitor proposed or ongoing conflicts of interest and disclose them to the finance committee in order to deal with potential or actual conflicts. The president and ceo, after consultation with the finance committee, shall determine whether a conflict exists and is material, and in the presence of an existing material conflict, whether the contemplated transaction may be authorized as being necessary for a compelling reason, just, fair, and reasonable to nacsa. The decision of the president & ceo on these matters will rest in his sole discretion, and his concern must be the welfare of nacsa and the advancement of its purpose. The president and ceo will provide an annual update to the board of directors on conflict of interest disclosures.

Form 990, Page 6, Part VI, Line 15A

The process for determining employee compensation of nasca, also applies to the compensation determination of the president & ceo of the organization. The process includes all of these elements: 1) review and approval by the board of directors of the organization; 2) use of data as to comparable compensation; and 3) contemporaneous documentation and recordkeeping. 1) review and approval - the compensation of the president & ceo is reviewed and approved by an appointed subcommittee of the board of directors of the organization. The compensation is then approved by the entire board of directors. Any persons with conflict of interests with respect to the compensation arrangement at issue are not involved in this review and approval. 2) use of data as to comparable compensation - the compensation of the president & ceo is reviewed and approved using data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. 3) contemporaneous documentation and recordkeeping - there is contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement.

Form 990, Page 6, Part VI, Line 15B

The process includes all of these elements: 1) review and approval by the board of directors of the organization; 2) use of data as to comparable compensation; and 3) contemporaneous documentation and recordkeeping.

Form 990, Page 6, Part VI, Line 19

Documents are made available upon request

Filing and Contact Details

Filer

Filer Name
National Association of Charter
EIN
84-1553195
Phone
3123762300
Address
1 E ERIE STREET SUITE 525 380, CHICAGO, IL 60611

Signing Officer

Name
Marcus Karega Rausch
Title
CEO
Phone
3123762300
Signed
2026-01-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marcus Karega Rausch
Formed
2000
Legal Domicile
Co
Voting Board Members
11
Independent Board Members
10
Employees
17
Volunteers
11

Preparer

Firm
Kendall Prebola and Jones LLC
Address
PO BOX 259, BEDFORD, PA 15522-0259
Preparer
Richard M Jones CPA
Phone
8146231880
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To promote the establishment and operation of quality charter schools through responsible oversight in the public interest. Nacsa serves the education and resource needs of the full range of chartering authorities across the country, whose work is vital to enhancing educational opportunities for students and servicing the needs of parents, educators and community leaders for greater educational accountability of our public schools.

Form 990, Page 1, Part I, Line 6

Donated services were provided by board members during the year

Form 990, Page 2, Part III, Line 4A

Communications and marketing communications at nacsa maximizes the organization's impact by ensuring key audiences are aware of nacsa's work and trust the organization's expertise so that authorizers are equipped to improve the quality of charter schools at scale. As an independent voice for quality charter school authorizing, nacsa also serves as a leadership organization in the charter sector and helps national and local media interpret how events in the news are impacting charter school performance and oversight. Nacsa's communications team positions nacsa to be the leading national voice on the direction of charter school authorizing and a thought leader on the charter sector, school quality and innovation in education.

Form 990, Page 2, Part III, Line 4C

Customized supports nacsa's mission is to help each authorizer maintain high standards and public accountability for charter schools while preserving the autonomy that defines quality charter authorizing. Nacsa's customized support is grounded in the organization's principles and standards of quality charter authorizing (principles and standards), professional standards first published in 2004 and updated in 2018, 2022, and 2025 that provide the framework for delivering personalized guidance aligned with each authorizer's unique context and goals. Nacsa provides tailored support services designed to meet each authorizer's unique needs and circumstances. Our customized approach spans strategic planning, evaluation, resource development, and decision management, including context-specific policies, protocols, and chartering templates that reflect state-specific requirements and local circumstances. For authorizers seeking additional capacity, our decision management services provide customized support in developing and implementing rigorous, merit-based processes for critical authorizing decisions, including new school application approvals. This allows authorizers to maintain decision-making authority while accessing specialized expertise tailored to their needs.

Form 990, Page 2, Part III, Line 4D

Capacity building nacsa recognizes that building strong organizational capacity among the nation's charter school authorizers is essential for overall sector improvement. Nacsa's capacity building initiatives work to strengthen authorizing organizations by developing their internal capabilities, cultivating high-potential talent, and fostering a robust network of current and future effective leaders to enhance retention and sustainability. Nacsa's capacity building efforts include its leaders program, the leaders alumni program, an introductory bootcamp delivered in multiple formats, various cohorts responding to contextual and landscape- based needs, and other targeted asynchronous and synchronous learning opportunities designed to strengthen organizational effectiveness and leadership development. Policy + research nacsa engages public officials and education policy organizations across the nation to advance strong charter school authorizing policies and practices. Nacsa collaborates with charter and education policy organizations to provide data and evidence to influence policymakers and promote policies that improve outcomes for students. Nacsa's research focuses on identifying and tracking active charter authorizers nationwide; analyzing the academic performance of authorizer charter school portfolios; investigating the implementation of charter school authorizing practices nationally; and pursuing research that informs nacsa's policy and advocacy objectives. Nacsa's strategy, research and policy team is also charged with evaluating nacsa's progress toward its strategic plan goals. Membership nacsa was founded by and continues to serve a diverse array of authorizing agencies, including state education agencies, school districts, colleges and universities, special purpose or independent chartering boards, municipalities, and not-for-profit organizations. Several active and former authorizers serve along with non-authorizers on the nacsa board of directors. Nacsa publishes issue briefs, case studies, and monographs. Nacsa also hosts a webinar series, creates opportunities for shared learning via virtual cohorts, and facilitates meetings that bring together members to discuss special topics of common concern. Member feedback is also solicited throughout the year and nacsa continues to find ways to facilitate sharing and dialogue among members. Members are also connected to other nacsa divisions if they seek additional knowledge or are looking for more customized resources.

Form 990, Part IX, Line 11G

Management consulting 675,115 248,706 6,250 branding and design 18,189 0 0 editorial services 73,100 0 0 payroll processing fees 0 13,910 0 it services 15,161 56,829 0 newswire services 16,748 68 0 total 798,313 319,513 6,250

Financial Statement Notes

Schedule D, Page 3, Part X

Accounting principles generally accepted in the united states of america provide consistent guidance for the accounting for uncertainty in income taxes recognized in the association's financial statements and prescribe a threshold of "more likely than not" for recognition of tax positions taken or expected to be taken in a tax return. The association performed an evaluation of uncertain tax positions for the year ended june 30, 2025, and determined that there were no matters that would require recognition in the financial statements or that may have any effect on its tax-exempt status. As of june 30, 2025, the statute of limitations for tax years 2021 through 2023 remains open with the u.s. Federal jurisdiction or the various states and local jurisdictions in which the association files tax returns. It is the association's policy to recognize interest and/or penalties related to uncertain tax positions, if any, in income tax expense. As of june 30, 2025, the association had no accruals for interest and/or penalties.

Raw XML AppendixShowing 400 of 743 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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