Civic Intelligence

D C Preparatory Academy

990 • Fiscal year 2023 • EIN 02-0550253

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

Organization ProfileWWW.DCPREP.ORG

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707 Edgewood Street NEWashington, DC 20017

(202) 635-4590

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

77th percentile

0.66x

Higher debt load relative to assets than 77% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Liabilities / Revenue

75th percentile

1.26x

Higher debt load relative to revenue than 75% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Net Margin

26th percentile

-3.8%

Higher net margin than 26% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Top Officer Pay

20th percentile

$260,480

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2023

Asset Growth

38th percentile

3.2%

Faster asset growth than 38% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Revenue Growth

33rd percentile

-2.8%

Faster revenue growth than 33% of similar nonprofits.

2023 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$114,824,621

Up $3,518,992 (+3.2%) from 2022

Net Assets

Down

$38,702,043

Down $574,516 (-1.5%) from 2022

Liabilities

Up

$76,122,578

Up $4,093,508 (+5.7%) from 2022

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin26th percentile

Revenue

Down

$60,553,302

Down $1,771,373 (-2.8%) from 2022

Expenses

Up

$62,835,132

Up $9,548,809 (+18%) from 2022

Net Income

Down

-$2,281,830

Down $11,320,182 (-125%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2011: $24,619,209Liabilities 2011: $15,472,188Net Assets 2011: $9,147,0212011Assets 2012: $26,387,799Liabilities 2012: $15,115,781Net Assets 2012: $11,272,0182012Assets 2013: $27,935,635Liabilities 2013: $15,213,322Net Assets 2013: $12,722,3132013Assets 2014: $49,630,589Liabilities 2014: $36,558,455Net Assets 2014: $13,072,1342014Assets 2015: $58,428,682Liabilities 2015: $44,550,102Net Assets 2015: $13,878,5802015Assets 2016: $59,518,156Liabilities 2016: $45,753,558Net Assets 2016: $13,764,5982016Assets 2017: $87,646,910Liabilities 2017: $74,404,372Net Assets 2017: $13,242,5382017Assets 2018: $80,387,901Liabilities 2018: $66,762,282Net Assets 2018: $13,625,6192018Assets 2019: $80,940,475Liabilities 2019: $66,555,690Net Assets 2019: $14,384,7852019Assets 2020: $85,864,133Liabilities 2020: $65,994,263Net Assets 2020: $19,869,8702020Assets 2021: $90,604,234Liabilities 2021: $64,821,796Net Assets 2021: $25,782,4382021Assets 2022: $111,305,629Liabilities 2022: $72,029,070Net Assets 2022: $39,276,5592022Assets 2023: $114,824,621Liabilities 2023: $76,122,578Net Assets 2023: $38,702,0432023Assets 2024: $119,804,392Liabilities 2024: $79,018,807Net Assets 2024: $40,785,5852024

Highlighted filing

2023

Assets$114,824,621
Liabilities$76,122,578
Net Assets$38,702,043
Open 2023 Filing

Operations Trend

Revenue Growth33rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$80M$60M$40M$20M$0-$20MExpenses 2011: $14,679,7462011Revenue 2012: $18,727,927Expenses 2012: $16,671,851Net Income 2012: $2,056,0762012Revenue 2013: $21,284,382Expenses 2013: $19,903,413Net Income 2013: $1,380,9692013Revenue 2014: $22,655,806Expenses 2014: $22,244,737Net Income 2014: $411,0692014Revenue 2015: $27,795,166Expenses 2015: $26,905,981Net Income 2015: $889,1852015Revenue 2016: $31,962,501Expenses 2016: $32,057,656Net Income 2016: -$95,1552016Revenue 2017: $35,456,810Expenses 2017: $36,273,346Net Income 2017: -$816,5362017Revenue 2018: $39,686,068Expenses 2018: $39,454,412Net Income 2018: $231,6562018Revenue 2019: $43,546,114Expenses 2019: $42,814,812Net Income 2019: $731,3022019Revenue 2020: $49,242,577Expenses 2020: $43,255,774Net Income 2020: $5,986,8032020Revenue 2021: $48,510,869Expenses 2021: $42,776,051Net Income 2021: $5,734,8182021Revenue 2022: $62,324,675Expenses 2022: $53,286,323Net Income 2022: $9,038,3522022Revenue 2023: $60,553,302Expenses 2023: $62,835,132Net Income 2023: -$2,281,8302023Revenue 2024: $68,004,535Expenses 2024: $66,771,484Net Income 2024: $1,233,0512024

Highlighted filing

2023

Revenue$60,553,302
Expenses$62,835,132
Net Income-$2,281,830
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$71,788,639
Mission and Program Overview

Mission

Dc prep's mission is to bridge the educational divide in washington, dc by increasing the number of students from underserved communities with the academic preparation and personal character to succeed in competitive high schools and colleges.

Dc prep is a network of public charter schools serving pk3-8th grade students in washington, dc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$69,756,167$72,622,395▲ $2,866,228
Investments in Publicly Traded Securities$10,011,212$15,119,915▲ $5,108,703
Cash and Non-Interest-Bearing Accounts$14,947,836$12,321,628▼ $2,626,208
Pledges and Grants Receivable$4,786,898$4,811,814▲ $24,916
Savings and Temporary Cash Investments$6,269,466$1,181,228▼ $5,088,238
Prepaid Expenses and Deferred Charges$532,989$621,822▲ $88,833
Accounts Receivable$289,457$462,589▲ $173,132
Total Assets$111,305,629$114,824,621▲ $3,518,992
Other Assets Total$4,711,604$7,683,230▲ $2,971,626
Liabilities
Tax Exempt Bond Liabilities$37,633,755$48,894,672▲ $11,260,917
Mortgage Notes Payable Secured by Investment Property$22,911,894$23,028,599▲ $116,705
Accounts Payable and Accrued Expenses$11,449,676$4,165,562▼ $7,284,114
Deferred Revenue$33,745$33,745→ $0
Total Liabilities$72,029,070$76,122,578▲ $4,093,508
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$39,102,059$38,667,728▼ $434,331
Net Assets With Donor Restrictions$174,500$34,315▼ $140,185
Total Net Assets Fund Balance$39,276,559$38,702,043▼ $574,516
Total Liabilities and Net Assets / Fund Balance$111,305,629$114,824,621▲ $3,518,992

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$35,955,626$10,396,024$46,351,650
Buildings$30,820,372$11,041,361$41,861,733
Equipment$1,266,688$4,614,740$5,881,428
Land$4,249,945-$4,249,945
Other Land Buildings$329,764$201,174$530,938
Other Assets Org$1,210,263--
Compensation and Service Providers
Top Officer Pay20th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Katie SevernPresident and Academic OfficerFT$230,557$29,923$260,480
Laura MaestasChief Executive OfficerFT$210,998$11,827$222,825
Daniel Englender Chief OperOfficer/CFO/treasurerFT$191,255$23,500$214,755
TARA O'FLAHERTYSenior Director of SchoolsFT$183,252$23,754$207,006
Cassie PergamentSenior Director of ProgramFT$165,310$21,268$186,578
Emily JohannsenSenior Director of OperationsFT$149,077$21,634$170,711
Aliesha MayeChief of School OperationsFT$152,068$16,053$168,121
Barry BrinkleyChief of StaffFT$146,450$14,038$160,488
David BurkeDirector of People OperationsFT$133,545$20,020$153,565

Board Members and Trustees

NameTitle
Patrick ClowneyChair
Ahmad HajjDirector
Chevalier CleavesDirector
Collette BruceDirector
Daniel FineDirector
Emily K LawsonDirector
Jenny AbramsonDirector
Leroy Terry Eakin IiiDirector
Lisa CullinsDirector
Mercedes KearneyDirector
Michela EnglishDirector
Pam SteptoeDirector
Temica HuntDirector
Judy Lansing KovlerDirector - Until 09/2022
Nicole DavyDirector - Until 09/2022
Hadley CooperSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Mcn BuildConstruction Services1214 28TH STREET NW, Washington, DC 20007$17,953,607
Revolution FoodsFood ServicesPO BOX 742759, Los Angeles, CA 90074$1,209,704
Pmm CompaniesJanitorial And Facilities Management Ser15938 DERWOOD POAD, Rockville, MD 20855$928,116
End-to-end Solutions For Special EducatiSpecial Education Services714 G STREET SE SUITE 201, Washington, DC 20003$913,043
Medstar Georgetown University HospitalClinical Support And Service Coordinatio2115 WISCONSIN AVE NW, Washington, DC 20007$650,247
Revenue and Support

Revenue Composition

Contributions and Grants
$57,471,605
Program Service Revenue
$2,002,759
Investment Income
$958,273
Other Revenue
$120,665
All Other Contributions
$942,150
Change in Net Assets
$-2,281,830

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded4$58,345Fair Market Value (FMV)
Total Noncash Contributions4$58,345-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$40,955,231
Other Expenses$21,474,330
Total Fundraising Expense$820,808
Grants and Similar Amounts Paid$405,571
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$28,853,117$4,858,169$220,950$33,932,236
Occupancy$5,426,424$60,788$18,491$5,505,703
Depreciation Depletion$3,325,659$172,997$8,976$3,507,632
Payroll Taxes$2,302,025$422,416$18,932$2,743,373
Other Employee Benefits$2,302,897$385,702$18,558$2,707,157
Current Officers, Directors, Trustees, and Key Employees$319,083$596,652$23,082$938,817
Office Expenses$650,329$139,356$139,356$929,041
Other Expenses$495,805$393,782$26,844$916,431
All Other Expenses$112,000$621,666$7,792$741,458
Pension Plan Contributions$531,654$95,947$6,047$633,648
Fees for Services Accounting-$596,972-$596,972
Information Technology$385,715$72,422$3,297$461,434
Grants to Domestic Orgs$375,000--$375,000
Insurance$298,876$56,117$2,554$357,547
Fees for Services Legal$27,282$150,446-$177,728
Fees for Services Other-$5,269$155,227$160,496
Grants to Domestic Individuals$30,571--$30,571
Total Functional Expenses$52,462,597$9,551,727$820,808$62,835,132
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Dc Prep Support CorporationWashington, DC501(c)(3)SINKING FUND PAYMENTS FOR AEC'S LOAN$375,000
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

Bond Issues

BondIssuerIssuedIssue PricePurpose
ADistrict of Columbia2021-12-15$52,000,000Repay outsanding bonds (a and b) and nmtc loans and finance renovation of sc

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$48,894,672--$652,939

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The information to complete the federal form 990 is provided to the preparer by dc prep's contracted accounting service, it's director of finance, cfo, and ceo. Once the initial draft federal form 990 is completed, it is circulated to the audit committee for review and acceptance, followed by the board of directors for review and approval prior to submission to the internal revenue service.”

Form 990, Part VI, Section B, Line 12C

“The members of dc prep's board of directors, officers, and key employees complete a conflict of interest statement on an annual basis that is reviewed by the board chairman and ceo for any potential conflicts. Any board member who believes himself or herself to have a conflict of interest in a decision on a specific matter is required to recuse himself or herself from the discussion and vote on said matter.”

Form 990, Part VI, Section B, Line 15

“The ceo works with members of the governance committee of the board of directors, using comparative compensation data of organizations of similar size in the charter management organization industry, to determine annual compensation of officers and key employees. Compensation of the ceo is presented to the board of directors by the chair of the governance committee in executive session of a regularly scheduled board meeting. The ceo is not present for the discussion. As it takes place in executive session, the notes from that discussion are not a part of the regular minutes for the board meeting. The chair of the governance committee maintains a written description of that discussion that includes those board members present and acknowledges their unanimous decision. To draw up its recommendation for compensation, the governance committee makes use of data of comparable organizations (multiple-campus charter schools) based on research conducted on charter schools by education organizations and groups. The data shows that the ceo's compensation is generally in line with organizations of similar size and achievement.”

Form 990, Part VI, Section C, Line 19

“These documents are available to the public upon request. Also, many of the governing documents and the financial statements are available from the dc public charter school board, dc prep's authorizer.”

Filing and Contact Details

Filer

Filer Name
Dc Preparatory Academy
EIN
02-0550253
Phone
2026354590
Address
707 EDGEWOOD STREET NE, WASHINGTON, DC 20017

Signing Officer

Name
Laura Maestas
Title
Chief Executive Officer
Phone
2026354590
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Maestas
Formed
2001
Legal Domicile
Dc
Voting Board Members
14
Independent Board Members
14
Employees
515
Volunteers
85

Preparer

Firm
Marcum Llp
Address
1899 L STREET NW SUITE 850, WASHINGTON, DC 20036
Preparer
Frank H Smith
Phone
2022274000
Supplemental Narrative

Additional Explanations

FORM 990, PART X, LINES 1-3:

“Dc prep is measured against various financial compliance and strength metrics, including covenants in dc prep's loan agreements for school facilities, and financial reporting from the public charter school board. These metrics direct dc prep to maintain a certain debt service coverage ratio, maintain a large balance of cash on hand, and more.”

Financial Statement Notes

PART X, LINE 2:

“Dc prep performed an evaluation of uncertainty in income taxes for the years ended june 30, 2023 and 2022, 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.”

Raw XML AppendixShowing 400 of 921 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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IRS990/AccountsReceivableGrp/EOYAmt0462589
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0DC PREP IS A NETWORK OF PUBLIC CHARTER SCHOOLS SERVING PK3-8TH GRADE STUDENTS IN WASHINGTON, DC.
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IRS990/Desc0AT DC PREP, OUR VISION IS THAT EVERY CHILD WILL BE PREPARED ACADEMICALLY AND SOCIALLY FOR A SUCCESSFUL FUTURE. WE HAVE BIG DREAMS FOR OUR STUDENTS AND MAKE THOSE DREAMS A REALITY THROUGH DAILY EFFORT, FOCUS, AND SUPPORT OF ONE ANOTHER AND OUR STUDENTS AND FAMILIES. DC PREP CURRENTLY OPERATES SIX TUITION-FREE PUBLIC CHARTER SCHOOLS THAT ARE OPEN TO ANY CHILD IN WASHINGTON, ENROLLING MORE THAN 2,100 STUDENTS IN GRADES PRESCHOOL THROUGH 8TH GRADE. HISTORICALLY, 89% OF DC PREP STUDENTS ARE AFRICAN-AMERICAN AND 7% ARE HISPANIC; OVER 60% OF STUDENTS ARE CONSIDERED "AT RISK" BECAUSE THEY ARE HOMELESS, IN FOSTER CARE, OR THEIR FAMILIES QUALIFY FOR GOVERNMENT ASSISTANCE.DC PREP HAS A TWIN FOCUS ON HIGH-QUALITY, RIGOROUS ACADEMICS AND HOLISTIC SOCIAL-EMOTIONAL GROWTH. DURING OUR 20 YEARS AS A CHARTER NETWORK, WE HAVE ACHIEVED SIGNIFICANT RESULTS ACROSS STUDENT OUTCOMES (INCLUDING ALUMNI SUCCESS), QUALITY REPORTS, AND AWARDS AND RECOGNITIONS. IN OUR 21-YEAR HISTORY, DC PREP HAS CONSISTENTLY BEEN AMONG THE HIGHEST PERFORMING NETWORKS OF PUBLIC CHARTER SCHOOLS IN OUR NATION'S CAPITAL. OUR 2023 PARCC ASSESSMENT RESULTS DEMONSTRATED THAT DC PREP STUDENTS GREW AT A FASTER PACE POST-PANDEMIC THAN STUDENTS CITYWIDE. ONE-HUNDRED PERCENT OF OUR ALUMNI HAVE BEEN ACCEPTED TO A COLLEGE-PREPARATORY HIGH SCHOOL, EARNING A CUMULATIVE $13 MILLION IN SCHOLARSHIP SUPPORT. OUR ALL-TIME HIGH SCHOOL GRADUATION RATE IS 95%, COMPARED TO THE CITYWIDE RATE OF 75%. OUR ALUMNI GRADUATE COLLEGE AT FOUR TIMES THE RATE OF THEIR PEERS, BOTH LOCALLY AND NATIONALLY.ALL DC PUBLIC CHARTER SCHOOLS MUST UNDERGO THE ACCREDITATION PROCESS EVERY FIVE YEARS TO REMAIN ELIGIBLE FOR OPERATION IN THE CITY. THE ACCREDITATION PROCESS IS CONDUCTED BY AN INDEPENDENT THIRD-PARTY ACCREDITATION ORGANIZATION TO EVALUATE AN LEA'S PERFORMANCE AGAINST A NUMBER OF PERFORMANCE STANDARDS EVALUATING LEADERSHIP, LEARNING, AND RESOURCE CAPACITY. IN ITS MOST RECENT ACCREDITATION REVIEW BY COGNIA, DC PREP EARNED AN INDEX OF EDUCATION QUALITY (IEQ) SCORE OF 387 OUT OF A POSSIBLE 400 POINTS. THE FIVE-YEAR AVERAGE OF INSTITUTIONS IN COGNIA'S ACCREDITATION NETWORK IS 278-283.THE DC OFFICE OF THE STATE SUPERINTENDENT OF EDUCATION (OSSE) RELEASES AN ANNUAL ASSESSMENT OF SCHOOL PERFORMANCE. THE DC SCHOOL REPORT CARD IS DESIGNED TO PROVIDE COMMUNITY MEMBERS AND FAMILIES WITH HIGH-QUALITY INFORMATION AND SCHOOL PERFORMANCE DATA FOR ALL PUBLIC SCHOOLS IN DC. SUMMATIVE SCHOOL PERFORMANCE SCORES ARE CALCULATED USING A NUMBER OF MEASURES. IN 2023, ALL THREE OF DC PREP'S MIDDLE SCHOOL CAMPUSES SCORED IN THE TOP 10% OF MIDDLE SCHOOLS IN THE CITY; OUR EDGEWOOD MIDDLE CAMPUS RECEIVED THE HIGHEST SUMMATIVE SCORE OF ANY MIDDLE SCHOOL IN THE CITY. EACH YEAR, THE DC PUBLIC CHARTER SCHOOL BOARD ISSUES AN OVERALL RANKING OF SCHOOLS' ACADEMIC AND CULTURE PROGRESS, RANKING EACH SCHOOL BETWEEN TIER 1 (THE HIGHEST) AND TIER 3 (THE LOWEST). ALL FIVE DC PREP CAMPUSES OPEN AT THE TIME EARNED A TIER 1 RANKING ON THE 2019 SCHOOL QUALITY REPORTS, THE HIGHEST RANKING (AMC DID NOT OPEN UNTIL 2020). THE DC PCSB HAS NOT ISSUED TIER RANKINGS SINCE 2019 DUE TO THE IMPACT OF THE PANDEMIC.
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IRS990/Form990PartVIISectionAGrp/PersonNm22BARRY BRINKLEY
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR - UNTIL 09/2022
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR - UNTIL 09/2022
IRS990/Form990PartVIISectionAGrp/TitleTxt16CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt17OFFICER/CFO/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt18PRESIDENT AND ACADEMIC OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt19SENIOR DIRECTOR OF SCHOOLS
IRS990/Form990PartVIISectionAGrp/TitleTxt20SENIOR DIRECTOR OF PROGRAM
IRS990/Form990PartVIISectionAGrp/TitleTxt21CHIEF OF SCHOOL OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt22CHIEF OF STAFF
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR OF PEOPLE OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt24SENIOR DIRECTOR OF OPERATIONS
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IRS990/MissionDesc0DC PREP'S MISSION IS TO BRIDGE THE EDUCATIONAL DIVIDE IN WASHINGTON, DC BY INCREASING THE NUMBER OF STUDENTS FROM UNDERSERVED COMMUNITIES WITH THE ACADEMIC PREPARATION AND PERSONAL CHARACTER TO SUCCEED IN COMPETITIVE HIGH SCHOOLS AND COLLEGES.
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IRS990/OtherExpensesGrp/Desc0DIRECT STUDENT COSTS
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$114,824,621
Liabilities
$76,122,578
Net assets
$38,702,043
Revenue
$60,553,302
Expenses
$62,835,132
Net income
-$2,281,830
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$120$79.0$40.8$68.0$66.8$1.23
2023Detailed filing. Detailed filing data is available for this year.$115$76.1$38.7$60.6$62.8$2.28
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$111$72.0$39.3$62.3$53.3$9.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$90.6$64.8$25.8$48.5$42.8$5.73
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$85.9$66.0$19.9$49.2$43.3$5.99
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$80.9$66.6$14.4$43.5$42.8$0.73
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$80.4$66.8$13.6$39.7$39.5$0.23
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$87.6$74.4$13.2$35.5$36.3$0.82
2016Detailed filing. Detailed filing data is available for this year.$59.5$45.8$13.8$32.0$32.1$0.10
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$58.4$44.6$13.9$27.8$26.9$0.89
2014Detailed filing. Detailed filing data is available for this year.$49.6$36.6$13.1$22.7$22.2$0.41
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$27.9$15.2$12.7$21.3$19.9$1.38
2012Summary only. Only limited summary data is available for this year.$26.4$15.1$11.3$18.7$16.7$2.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.6$15.5$9.15$14.7