Civic Intelligence

William E Doar Jr Public Charter School

990 • Fiscal year 2019 • EIN 20-0808358

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 05, 2020

2350 Washington Place NE 526Washington, DC 20018

(202) 269-4646

Siviq Scores

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

Liabilities / Assets

81st percentile

0.60x

Higher debt load relative to assets than 81% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

28th percentile

0.06x

Higher debt load relative to revenue than 28% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

13th percentile

-19%

Higher net margin than 13% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

67th percentile

$163,814

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

1st percentile

-74%

Faster asset growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

22nd percentile

-9.2%

Faster revenue growth than 22% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Down

$901,278

Down $2,541,099 (-74%) from 2018

Net Assets

Down

$356,999

Down $1,667,228 (-82%) from 2018

Liabilities

Down

$544,279

Down $873,871 (-62%) from 2018

Revenue

Down

$8,790,387

Down $885,745 (-9.2%) from 2018

Expenses

Up

$10,457,615

Up $873,017 (+9.1%) from 2018

Net Income

Down

-$1,667,228

Down $1,758,762 (-1921%) from 2018

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $3,146,793Liabilities 2011: $4,064,016Net Assets 2011: -$917,2232011Assets 2012: $2,833,916Liabilities 2012: $3,718,636Net Assets 2012: -$884,7202012Assets 2013: $3,516,659Liabilities 2013: $3,590,224Net Assets 2013: -$73,5652013Assets 2014: $4,162,691Liabilities 2014: $3,346,000Net Assets 2014: $816,6912014Assets 2015: $3,845,489Liabilities 2015: $2,398,798Net Assets 2015: $1,446,6912015Assets 2016: $3,605,034Liabilities 2016: $2,067,141Net Assets 2016: $1,537,8932016Assets 2017: $3,469,086Liabilities 2017: $1,536,393Net Assets 2017: $1,932,6932017Assets 2018: $3,442,377Liabilities 2018: $1,418,150Net Assets 2018: $2,024,2272018Assets 2019: $901,278Liabilities 2019: $544,279Net Assets 2019: $356,9992019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2019

Assets$901,278
Liabilities$544,279
Net Assets$356,999

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $10,073,9572011Expenses 2012: $7,185,8062012Expenses 2013: $6,733,3142013Revenue 2014: $7,710,842Expenses 2014: $6,820,586Net Income 2014: $890,2562014Revenue 2015: $8,206,698Expenses 2015: $7,576,698Net Income 2015: $630,0002015Revenue 2016: $8,548,097Expenses 2016: $8,456,895Net Income 2016: $91,2022016Revenue 2017: $9,402,793Expenses 2017: $9,007,993Net Income 2017: $394,8002017Revenue 2018: $9,676,132Expenses 2018: $9,584,598Net Income 2018: $91,5342018Revenue 2019: $8,790,387Expenses 2019: $10,457,615Net Income 2019: -$1,667,2282019Revenue 2020: $82,048Expenses 2020: $439,047Net Income 2020: -$356,9992020

Highlighted filing

2019

Revenue$8,790,387
Expenses$10,457,615
Net Income-$1,667,228
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 5, 2020
Return Version
2018v3.2
Gross Receipts
$8,790,387
Mission and Program Overview

Mission

The mission of city arts and prep public charter school is to foster a safe, creative, enjoyable and culturally sensitive learning environment for all students with the goal of providing a college preparatory curriculum in both academics and the performing arts to produce the next generation of leaders for america and the global society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,821,980$667,206▼ $1,154,774
Land, Buildings, and Equipment, Net$291,594--
Pledges and Grants Receivable$483,600$135,120▼ $348,480
Cash and Non-Interest-Bearing Accounts$116,602--
Accounts Receivable$227,267$29,035▼ $198,232
Prepaid Expenses and Deferred Charges$40,584$9,917▼ $30,667
Total Assets$3,442,377$901,278▼ $2,541,099
Other Assets Total$460,750$60,000▼ $400,750
Liabilities
Accounts Payable and Accrued Expenses$987,764$529,239▼ $458,525
Mortgage Notes Payable Secured by Investment Property$428,232$15,040▼ $413,192
Other Liabilities$2,154--
Total Liabilities$1,418,150$544,279▼ $873,871
Net Assets / Fund Balance
Unrestricted Net Assets$2,024,227$356,999▼ $1,667,228
Total Net Assets Fund Balance$2,024,227$356,999▼ $1,667,228
Total Liabilities and Net Assets / Fund Balance$3,442,377$901,278▼ $2,541,099

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements-$3,811,531$3,811,531
Equipment-$32,450$32,450
Other Land Buildings-$2,500$2,500
Other Assets Org$60,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lanette Dailey ReeseExecutive DiFT$162,526$1,288$163,814
Lanette Dailey ReeseExecutive Director-$162,526$1,288$163,814
Lakeala JonesPrincipalFT$129,060$13,260$142,320
Ashley HarrisAssistant PrFT$113,512$8,170$121,682
Tiffany FellsBusiness ManFT$71,874$947$72,821

Board Members and Trustees

NameTitle
Brandon D Daniels PhdBoard Chair
Khalid RandolpfBoard Member
Lakeshia BattleBoard Member
Sarah BeverBoard Member
Shelita L CampbellBoard Member
Tom DewireAc. Committe
Judy CorcilloDev. Committ
Mark ZeizelFacilities C
Christine ZebrowskiGov. Committ
Ellyn ArtisSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Preferred Meal Systems INCFood ServicesPO BOX 74008679, SUITE 200, Chicago, IL 60674$388,292
EdopsAcctg & Hr1611 CONNECTICUT AVENUE NW, SUITE 310, Washington, DC 20009$246,021
Shinberg LevinasArchitectual5101 WISCONSIN AVENUE NW, SUITE 206, Washington, DC 20016$230,245
Enriched SchoolsEducational643 MAGAZINE STREET, SUITE 600, New Orleans, LA 70130$216,659
The Mecca Group LLCCounseling1112 16TH STREET NW, Washington, DC 20036$125,426
Revenue and Support

Revenue Composition

Contributions and Grants
$938,188
Program Service Revenue
$7,850,699
Investment Income
$1,500
Other Revenue
$0
All Other Contributions
$9,934
Change in Net Assets
$-1,667,228

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,790,387
Total Revenue per Audited Statements
$8,790,387
Total Revenue per Form 990
$8,790,387
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,592,470
Salaries, Compensation, and Employee Benefits$4,865,145
Total Fundraising Expense$49,066
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,182,509$739,152$3,127$3,924,788
Occupancy$1,917,161$665,991$658$2,583,810
Fees for Services Other$522,282$121,966-$644,248
Payroll Taxes$301,944$70,128$297$372,369
Other Employee Benefits$268,686$62,403$264$331,353
Fees for Services Legal$50,087$244,545-$294,632
Depreciation Depletion$212,480$45,524$73$258,077
Current Officers, Directors, Trustees, and Key Employees$191,881$44,566$188$236,635
All Other Expenses$12,623$118,758$44,425$175,806
Fees for Services Accounting$26,655$130,138-$156,793
Information Technology$65,683$14,073$23$79,779
Other Expenses$62,446$13,379-$75,825
Insurance-$43,265-$43,265
Office Expenses$33,873$7,257$11$41,141
Interest-$8,693-$8,693
Advertising$4,828--$4,828
Total Functional Expenses$7,654,745$2,753,804$49,066$10,457,615

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,457,615
Total Expenses per Audited Statements$10,457,615
Total Expenses per Form 990$10,457,615
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Management duties delegated
No

Governance Explanations

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

A draft of form 990 is prepared and distributed to the chief operating officer and the board of trustees. The draft of form 990 is reviewed and a list of any questions or concerns is compiled. These items are reviewed with the preparer of the return and any necessary changes are made to the return prior to filing the final copy. Once the final version is completed, a copy is distributed to all board members for their records, and a signed copy is filed with the irs.

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

The organization maintains both a code of ethics and a conflict of interest policy. The organization requires board members to complete the certification, which is attached to the back of the policy every year. This is done in november of each year at the annual meeting, and the distribution of the code and the policy are accompanied by a brief discussion about conflicts and why they are important to disclose. The annual meeting is a multi-day affair that includes training and strategic planning, and the distribution/discussion of the code and the policy are made a part of this process to ensure that it happens every year.

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

The board of trustees review market comparables for top management positions and develops compensation amounts based on these comparables. The board of trustees conducts this process on an annual basis and approves salary amounts on an annual basis.

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

The board of trustees review market comparables for top management positions and develops compensation amounts based on these comparables. The board of trustees conducts this process on an annual basis and approves salary amounts on an annual basis.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST

Form 990, Part VII

Per discussion with the executive director and contracted accountant, city arts and prep public charter school could not locate or obtain copies of the form w3 and w2s when preparing this form 990. Therefore the summation of wages and the number of employees were calculated from the quarterly unemployment tax returns.

Filing and Contact Details

Filer

Filer Name
City Arts and Prep Public Charter
EIN
20-0808358
Phone
2022694646
Address
2350 WASHINGTON PLACE NE 526, WASHINGTON, DC 20018

Signing Officer

Name
Lanette Dailey Reese
Title
Executive Director
Phone
2022694646
Signed
2020-07-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lanette Dailey Reese
Formed
2004
Legal Domicile
Dc
Voting Board Members
10
Independent Board Members
10
Employees
107

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 - ORGANIZATION'S MISSION

The mission of city arts and prep public charter school is to foster a safe, creative, enjoyable and culturally sensitive learning environment for all students with the goal of providing a college preparatory curriculum in both academics and the performing arts to produce the next generation of leaders for america and the global society.

Form 990, Part V

Per discussion with the executive director and contracted accountant, city arts and prep public charter school could not locate or obtain copies of the form w3 and w2s when preparing this form 990. Therefore, the summation of wages and the number of employees were calculated from the quarterly unemployment tax returns.

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 charter school performed an evaluation of uncertain tax positions for the year ended june 30, 2019, 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, 2019, the statute of limitations for tax years 2015 through 2017 remains open with the u.s. Federal jurisdiction or the 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, 2019, the charter school had no accruals for interest and/or penalties.

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IRS990/MissionDesc0THE MISSION OF CITY ARTS AND PREP PUBLIC CHARTER SCHOOL IS TO FOSTER A SAFE, CREATIVE, ENJOYABLE AND CULTURALLY SENSITIVE LEARNING ENVIRONMENT FOR ALL STUDENTS WITH THE GOAL OF PROVIDING A COLLEGE PREPARATORY CURRICULUM IN BOTH ACADEMICS AND THE PERFORMING ARTS TO PRODUCE THE NEXT GENERATION OF LEADERS FOR AMERICA AND THE GLOBAL SOCIETY.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING 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 CHARTER SCHOOL PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2019, 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, 2019, THE STATUTE OF LIMITATIONS FOR TAX YEARS 2015 THROUGH 2017 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE 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, 2019, THE CHARTER SCHOOL HAD NO ACCRUALS FOR INTEREST AND/OR PENALTIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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