Civic Intelligence

DC Bilingual Public Charter School

990 • Fiscal year 2021 • EIN 20-0412800

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 05, 2022

33 Riggs Road NEWashington, DC 20011

(202) 750-6674

Siviq Scores

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

Liabilities / Assets

86th percentile

0.75x

Higher debt load relative to assets than 86% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

84th percentile

1.54x

Higher debt load relative to revenue than 84% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

63rd percentile

19%

Higher net margin than 63% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

24th percentile

$154,817

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

81st percentile

27%

Faster asset growth than 81% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

47th percentile

11%

Faster revenue growth than 47% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Assets

Up

$27,867,022

Up $5,895,715 (+27%) from 2020

Net Assets

Up

$7,003,574

Up $698,717 (+11%) from 2020

Liabilities

Up

$20,863,448

Up $5,196,998 (+33%) from 2020

Revenue

Up

$13,552,714

Up $1,293,231 (+11%) from 2020

Expenses

Down

$10,956,155

Down $79,711 (-0.7%) from 2020

Net Income

Up

$2,596,559

Up $1,372,942 (+112%) from 2020

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0-$20MAssets 2011: $1,292,083Liabilities 2011: $241,873Net Assets 2011: $1,050,2102011Assets 2012: $814,782Liabilities 2012: $275,031Net Assets 2012: $539,7512012Assets 2013: $867,470Liabilities 2013: $411,136Net Assets 2013: $456,3342013Assets 2014: $987,170Liabilities 2014: $347,695Net Assets 2014: $639,4752014Assets 2015: $528,892Liabilities 2015: $547,303Net Assets 2015: -$18,4112015Assets 2016: $1,796,061Liabilities 2016: $920,506Net Assets 2016: $875,5552016Assets 2017: $2,601,768Liabilities 2017: $1,285,022Net Assets 2017: $1,316,7462017Assets 2018: $8,742,465Liabilities 2018: $5,203,244Net Assets 2018: $3,539,2212018Assets 2019: $20,087,008Liabilities 2019: $15,280,564Net Assets 2019: $4,806,4442019Assets 2020: $21,971,307Liabilities 2020: $15,666,450Net Assets 2020: $6,304,8572020Assets 2021: $27,867,022Liabilities 2021: $20,863,448Net Assets 2021: $7,003,5742021Assets 2022: $40,931,219Liabilities 2022: $30,561,697Net Assets 2022: $10,369,5222022Assets 2023: $47,694,976Liabilities 2023: $35,828,460Net Assets 2023: $11,866,5162023Assets 2024: $48,588,091Liabilities 2024: $35,609,394Net Assets 2024: $12,978,6972024

Highlighted filing

2021

Assets$27,867,022
Liabilities$20,863,448
Net Assets$7,003,574

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2011: $6,707,332Expenses 2011: $7,173,120Net Income 2011: -$465,7882011Revenue 2012: $6,957,466Expenses 2012: $7,624,922Net Income 2012: -$667,4562012Revenue 2013: $7,240,513Expenses 2013: $7,323,930Net Income 2013: -$83,4172013Revenue 2014: $8,133,312Expenses 2014: $7,950,171Net Income 2014: $183,1412014Revenue 2015: $8,184,293Expenses 2015: $8,496,052Net Income 2015: -$311,7592015Revenue 2016: $9,208,750Expenses 2016: $8,314,784Net Income 2016: $893,9662016Revenue 2017: $8,878,073Expenses 2017: $8,436,882Net Income 2017: $441,1912017Revenue 2018: $10,838,240Expenses 2018: $8,615,765Net Income 2018: $2,222,4752018Revenue 2019: $11,688,924Expenses 2019: $10,421,701Net Income 2019: $1,267,2232019Revenue 2020: $12,259,483Expenses 2020: $11,035,866Net Income 2020: $1,223,6172020Revenue 2021: $13,552,714Expenses 2021: $10,956,155Net Income 2021: $2,596,5592021Revenue 2022: $13,214,239Expenses 2022: $13,169,819Net Income 2022: $44,4202022Revenue 2023: $16,478,907Expenses 2023: $16,219,730Net Income 2023: $259,1772023Revenue 2024: $19,141,910Expenses 2024: $18,511,072Net Income 2024: $630,8382024

Highlighted filing

2021

Revenue$13,552,714
Expenses$10,956,155
Net Income$2,596,559
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 5, 2022
Return Version
2020v4.0
Gross Receipts
$13,552,714
Mission and Program Overview

Mission

District of columbia bilingual public charter school (dcbpcs) is a learning community that ensures high academic achievement in both spanish and english, develops leadership, and values all cultures.

The mission of the charter school is to create a learning community that ensures high academic achievement for all students in both spanish and english, develop leadership and values all cultures.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$15,243,849$17,699,226▲ $2,455,377
Cash and Non-Interest-Bearing Accounts$5,522,089$8,472,286▲ $2,950,197
Savings and Temporary Cash Investments$252,776$952,146▲ $699,370
Accounts Receivable$457,226$455,511▼ $1,715
Pledges and Grants Receivable$383,562$176,495▼ $207,067
Prepaid Expenses and Deferred Charges$87,642$86,195▼ $1,447
Total Assets$21,971,307$27,867,022▲ $5,895,715
Other Assets Total$24,163$25,163▲ $1,000
Liabilities
Mortgage Notes Payable Secured by Investment Property$13,857,725$16,131,408▲ $2,273,683
Other Liabilities$636,040$2,755,604▲ $2,119,564
Accounts Payable and Accrued Expenses$1,172,685$1,976,436▲ $803,751
Total Liabilities$15,666,450$20,863,448▲ $5,196,998
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,985,329$6,942,338▲ $957,009
Net Assets With Donor Restrictions$319,528$61,236▼ $258,292
Total Net Assets Fund Balance$6,304,857$7,003,574▲ $698,717
Total Liabilities and Net Assets / Fund Balance$21,971,307$27,867,022▲ $5,895,715

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$14,411,995$1,449,404$15,861,399
Other Land Buildings$3,041,159-$3,041,159
Equipment$246,072$391,757$637,829
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daniela AnelloHead of SchoFT$149,693$5,124$154,817
Daniela AnelloHead of School-$149,693$5,124$154,817
John BreyerContracted CFT$141,167-$141,167
Alexandra AldermanDirector of DevelFT$103,217$8,464$111,681

Board Members and Trustees

NameTitle
Nadia RameyChair
Ahmar AbbasBoard Member
Anne RobinsonBoard Member
Brandon WallaceBoard Member
Dara Zeehandelaar ShawBoard Member
Denise GershowitzBoard Member
Iris JuarezBoard Member
Lori ParrisBoard Member
Maya Holt-brockenbroughBoard Member
Mekdi TaddeseBoard Member
Naomi Rubin DeveauxBoard Member
Richard LambertBoard Member
Aaron Lemon-straussSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Pmm Companies INCJanitorial15938 DERWOOD ROAD, Rockville, MD 20855$306,192
EdopsAcctg & Hr1611 CONNECTICUT AVE NW STE 200, Washington, DC 20009$244,607
Sterling Speech Associates LLCCfo Consulting33 RIGGS RD NE, Washington, DC 20011$141,400
Behavorial & Educational Solutions PEducational Svc4402 1ST PL NE 33, Washington, DC 20011$138,794
-Educational Svc8609 2ND AVE STE 4048, Silver Spring, MD 20910$121,026
Revenue and Support

Revenue Composition

Contributions and Grants
$3,253,798
Program Service Revenue
$10,298,648
Investment Income
$268
Other Revenue
$0
All Other Contributions
$2,364,223
Change in Net Assets
$2,596,559

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,552,714
Total Revenue per Audited Statements
$13,552,714
Total Revenue per Form 990
$13,552,714
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,120,099
Other Expenses$3,836,056
Total Fundraising Expense$208,321
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,111,378$676,192$163,213$5,950,783
Occupancy$802,446$83,892$1,621$887,959
Interest$661,974$69,206-$731,180
Depreciation Depletion$561,243$58,675$966$620,884
Fees for Services Other$274,105$255,786$8,000$537,891
Payroll Taxes$443,311$58,646$14,155$516,112
Other Employee Benefits$295,647$39,111$9,441$344,199
Fees for Services Accounting-$189,700-$189,700
Current Officers, Directors, Trustees, and Key Employees$133,594$17,673$4,266$155,533
Pension Plan Contributions$131,824$17,439$4,209$153,472
Information Technology$76,949$69,194$286$146,429
Office Expenses$49,521$5,177$94$54,792
Insurance$42,665$4,460-$47,125
Other Expenses$10,445$15,224$1,916$27,585
Fees for Services Legal-$17,616-$17,616
All Other Expenses-$2,263-$2,263
Total Functional Expenses$9,150,456$1,597,378$208,321$10,956,155

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,956,155
Total Expenses per Audited Statements$10,956,155
Total Expenses per Form 990$10,956,155
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
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Rate Swap$1,897,842
Deferred Rent Abatement$857,762

Bond Issues

BondIssuerIssuedIssue PricePurpose
ADistrict of Columbia2021-03-17$31,000,000Refinance loan/school construction

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$31,000,000$14,000,000--

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
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
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The return is prepared by the outside accountants and reviewed by senior management. The finance committee reviews the draft 990 and reports to the board. A copy of form 990 is provided to each board member before it is filed.

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

The finance committee is responsible for making all decisions concerning resolutions of conflicts involving directors, the president & ceo, and other members of senior management. The directors are responsible for making all decisions of conflicts involving employees below the senior management level, subject to the approval of the finance committee. An employee or board member may appeal the decision that a conflict (or appearance of conflict) exists as follows: -an appeal must be directed to the chair of the board of directors -appeals must be made within 30 days of the initial determination -resolution of the appeal is made by vote of the full board of directors -board members who are the subject of the appeal, or who have a conflict or interest with respect to the subject of the appeal, abstain from participating in, discussing, or voting on the resolution, unless their discussion is requested by the remaining members of the board.

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

The executive committee of the board determines the salary for the head of school based on experience and comparison to industry standards and surveys.

Form 990, Page 6, Part VI, Line 19

Governing documents, the conflict of interest policy, and the financial statements are available to the public by request.

Filing and Contact Details

Filer

Filer Name
Dc Bilingual Public Charter School
EIN
20-0412800
Phone
2027506674
Address
33 RIGGS ROAD NE, WASHINGTON, DC 20011

Signing Officer

Name
Daniela Anello
Title
Head of School
Phone
2027506674
Signed
2022-04-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniela Anello
Formed
2003
Legal Domicile
Dc
Voting Board Members
13
Independent Board Members
13
Employees
130
Volunteers
110

Preparer

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

Additional Explanations

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

Founded in 2004, dc bilingual offers an innovative dual immersion spanish and english learning program for all students, regardless of their home language. Through the charter school's rigorous academic curriculum, comprehensive arts, technology, and food and wellness programs and celebration of diverse cultures, dc bilingual students learn the skills and values needed to become influential participants in their community. Dcb's philosophy and teaching model reflect the charter school's belief that students develop to their full academic potential when they have access to ambitious instruction and a full range of services, differentiated for each student's individualized needs. Our co-teaching model allows instructors to balance direct with small group and 1:1 instruction. Our teachers deliver a unique, dual language immersion model - a form of language instruction that brings together students from all backgrounds to experience learning in both languages, spanish and english. Throughout the school day, students gain skills, knowledge, and an understanding of academic concepts through communicating in both english and spanish. Dcb complements the charter school's core curriculum with a vibrant performing and visual arts program, an innovative food and wellness program, access to transformation opportunities, and deep community engagement.as a result of our programs and practices, the dc public charter school board ranks dc bilingual a tier 1 school, among the top performing elementary schools in the city. Recent accomplishments include the following:"named as a "leveler" school for our exceptional work improving academic outcomes for at-risk students (dc policy center, 2019)."named an all-star school, one of ten in dc public schools city wide, for our students' strong academic growth on the city-wide parcc assessment (office of the state superintendent of education, 2019)."named a "bold improvement school," for our commitment and success in helping dc's most at-risk students achieve outstanding academic growth (empower k12 and education reform now, 2018)."ranked in the top 25% of all dc charter schools for our instructional culture (the new teacher project, 2018).

Form 990, Part XI, Line 9

Change in value of interest rate swap -1,897,842

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 charter school'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 dc bilingual public charter school performed an evaluation of uncertain tax positions for the year ended june 30, 2021, 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, 2021, the statute of limitations for tax years 2017 through 2019 remains open with the u.s. Federal jurisdiction or the district and various states and local jurisdictions in which the charter school files tax returns. It is the charter school's policy to recognize interest and/or penalties related to uncertain tax positions, if any, in income tax expense. As of june 30, 2021, the charter school had no accruals for interest and/or penalties.

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IRS990/Desc0FOUNDED IN 2004, DC BILINGUAL OFFERS AN INNOVATIVE DUAL IMMERSION SPANISH AND ENGLISH LEARNING PROGRAM FOR ALL STUDENTS, REGARDLESS OF THEIR HOME LANGUAGE. THROUGH THE CHARTER SCHOOL'S RIGOROUS ACADEMIC CURRICULUM, COMPREHENSIVE ARTS, TECHNOLOGY, AND FOOD AND WELLNESS PROGRAMS AND CELEBRATION OF DIVERSE CULTURES, DC BILINGUAL STUDENTS LEARN THE SKILLS AND VALUES NEEDED TO BECOME INFLUENTIAL PARTICIPANTS IN THEIR COMMUNITY. DCB'S PHILOSOPHY AND TEACHING MODEL REFLECT THE CHARTER SCHOOL'S BELIEF THAT STUDENTS DEVELOP TO THEIR FULL ACADEMIC POTENTIAL WHEN THEY HAVE ACCESS TO AMBITIOUS INSTRUCTION AND A FULL RANGE OF SERVICES, DIFFERENTIATED FOR EACH STUDENT'S INDIVIDUALIZED NEEDS. OUR CO-TEACHING MODEL ALLOWS INSTRUCTORS TO BALANCE DIRECT WITH SMALL GROUP AND 1:1 INSTRUCTION. OUR TEACHERS DELIVER A UNIQUE, DUAL LANGUAGE IMMERSION MODEL - A FORM OF LANGUAGE INSTRUCTION THAT BRINGS TOGETHER STUDENTS FROM ALL BACKGROUNDS TO EXPERIENCE LEARNING IN BOTH LANGUAGES, SPANISH AND ENGLISH. THROUGHOUT THE SCHOOL DAY, STUDENTS GAIN SKILLS, KNOWLEDGE, AND AN UNDERSTANDING OF ACADEMIC CONCEPTS THROUGH COMMUNICATING IN BOTH ENGLISH AND SPANISH. DCB COMPLEMENTS THE CHARTER SCHOOL'S CORE CURRICULUM WITH A VIBRANT PERFORMING AND VISUAL ARTS PROGRAM, AN INNOVATIVE FOOD AND WELLNESS PROGRAM, ACCESS TO TRANSFORMATION OPPORTUNITIES, AND DEEP COMMUNITY ENGAGEMENT.AS A RESULT OF OUR PROGRAMS AND PRACTICES, THE DC PUBLIC CHARTER SCHOOL BOARD RANKS DC BILINGUAL A TIER 1 SCHOOL, AMONG THE TOP PERFORMING ELEMENTARY SCHOOLS IN THE CITY. RECENT ACCOMPLISHMENTS INCLUDE THE FOLLOWING:"NAMED AS A "LEVELER" SCHOOL FOR OUR EXCEPTIONAL WORK IMPROVING ACADEMIC OUTCOMES FOR AT-RISK STUDENTS (DC POLICY CENTER, 2019)."NAMED AN ALL-STAR SCHOOL, ONE OF TEN IN DC PUBLIC SCHOOLS CITY WIDE, FOR OUR STUDENTS' STRONG ACADEMIC GROWTH ON THE CITY-WIDE PARCC ASSESSMENT (OFFICE OF THE STATE SUPERINTENDENT OF EDUCATION, 2019)."NAMED A "BOLD IMPROVEMENT SCHOOL," FOR OUR COMMITMENT AND SUCCESS IN HELPING DC'S MOST AT-RISK STUDENTS ACHIEVE OUTSTANDING ACADEMIC GROWTH (EMPOWER K12 AND EDUCATION REFORM NOW, 2018)."RANKED IN THE TOP 25% OF ALL DC CHARTER SCHOOLS FOR OUR INSTRUCTIONAL CULTURE (THE NEW TEACHER PROJECT, 2018).
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$48.6$35.6$13.0$19.1$18.5$0.63
2023Detailed filing. Detailed filing data is available for this year.$47.7$35.8$11.9$16.5$16.2$0.26
2022Detailed filing. Detailed filing data is available for this year.$40.9$30.6$10.4$13.2$13.2$0.04
2021Detailed filing. Detailed filing data is available for this year.$27.9$20.9$7.00$13.6$11.0$2.60
2020Detailed filing. Detailed filing data is available for this year.$22.0$15.7$6.30$12.3$11.0$1.22
2019Detailed filing. Detailed filing data is available for this year.$20.1$15.3$4.81$11.7$10.4$1.27
2018Detailed filing. Detailed filing data is available for this year.$8.74$5.20$3.54$10.8$8.62$2.22
2017Detailed filing. Detailed filing data is available for this year.$2.60$1.29$1.32$8.88$8.44$0.44
2016Detailed filing. Detailed filing data is available for this year.$1.80$0.92$0.88$9.21$8.31$0.89
2015Detailed filing. Detailed filing data is available for this year.$0.53$0.55$0.02$8.18$8.50$0.31
2014Summary only. Only limited summary data is available for this year.$0.99$0.35$0.64$8.13$7.95$0.18
2013Summary only. Only limited summary data is available for this year.$0.87$0.41$0.46$7.24$7.32$0.08
2012Summary only. Only limited summary data is available for this year.$0.81$0.28$0.54$6.96$7.62$0.67
2011Summary only. Only limited summary data is available for this year.$1.29$0.24$1.05$6.71$7.17$0.47