Civic Intelligence

Appletree Early Learning Public Charter School

EIN 20-1302458 • 501(c)3 • Washington, DC

Profile

To close the achievement gap before children get to kindergarten by providing three- and four-year-olds with the social, emotional, and cognitive foundations that enable them to succeed in school.

1801 Mississippi Ave SEWashington, DC 20020

www.appletreeinstitute.org/SCHOOL

Siviq Scores

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

Liabilities / Assets

78th percentile

0.59x

Higher debt load relative to assets than 78% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

78th percentile

0.97x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

30th percentile

-1.3%

Higher net margin than 30% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

64th percentile

$326,575

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

91st percentile

32%

Faster asset growth than 91% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

75th percentile

24%

Faster revenue growth than 75% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$30,466,982

Up $7,465,926 (+32%) from 2023

Liabilities

Up

$17,917,488

Up $7,861,574 (+78%) from 2023

Net Assets

Down

$12,549,494

Down $395,648 (-3.1%) from 2023

Revenue

Up

$18,516,747

Up $3,638,287 (+24%) from 2023

Expenses

Up

$18,756,359

Up $4,605,053 (+33%) from 2023

Net Income

Down

-$239,612

Down $966,766 (-133%) from 2023

Trend Graphs

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2011: $6,177,404Liabilities 2011: $4,488,584Net Assets 2011: $1,688,8202011Assets 2012: $6,453,414Liabilities 2012: $4,458,402Net Assets 2012: $1,995,0122012Assets 2013: $6,704,776Liabilities 2013: $4,105,615Net Assets 2013: $2,599,1612013Assets 2014: $7,634,887Liabilities 2014: $4,033,359Net Assets 2014: $3,601,5282014Assets 2015: $8,280,001Liabilities 2015: $3,693,403Net Assets 2015: $4,586,5982015Assets 2016: $8,770,287Liabilities 2016: $3,444,838Net Assets 2016: $5,325,4492016Assets 2017: $8,506,591Liabilities 2017: $2,889,970Net Assets 2017: $5,616,6212017Assets 2018: $11,098,339Liabilities 2018: $4,651,051Net Assets 2018: $6,447,2882018Assets 2019: $14,046,252Liabilities 2019: $7,098,531Net Assets 2019: $6,947,7212019Assets 2020: $16,528,060Liabilities 2020: $7,170,816Net Assets 2020: $9,357,2442020Assets 2021: $18,411,315Liabilities 2021: $6,437,991Net Assets 2021: $11,973,3242021Assets 2022: $18,608,315Liabilities 2022: $6,390,327Net Assets 2022: $12,217,9882022Assets 2023: $23,001,056Liabilities 2023: $10,055,914Net Assets 2023: $12,945,1422023Assets 2024: $30,466,982Liabilities 2024: $17,917,488Net Assets 2024: $12,549,4942024

Highlighted filing

2024

Assets$30,466,982
Liabilities$17,917,488
Net Assets$12,549,494

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2011: $5,750,7872011Revenue 2012: $11,198,732Expenses 2012: $10,892,540Net Income 2012: $306,1922012Expenses 2013: $11,403,0322013Revenue 2014: $13,031,060Expenses 2014: $12,028,693Net Income 2014: $1,002,3672014Revenue 2015: $13,214,616Expenses 2015: $12,229,546Net Income 2015: $985,0702015Revenue 2016: $13,571,745Expenses 2016: $12,832,894Net Income 2016: $738,8512016Revenue 2017: $12,970,221Expenses 2017: $12,679,049Net Income 2017: $291,1722017Revenue 2018: $14,526,969Expenses 2018: $13,696,302Net Income 2018: $830,6672018Revenue 2019: $14,730,498Expenses 2019: $14,171,026Net Income 2019: $559,4722019Revenue 2020: $14,739,625Expenses 2020: $12,560,105Net Income 2020: $2,179,5202020Revenue 2021: $14,659,192Expenses 2021: $12,043,112Net Income 2021: $2,616,0802021Revenue 2022: $13,691,916Expenses 2022: $13,447,252Net Income 2022: $244,6642022Revenue 2023: $14,878,460Expenses 2023: $14,151,306Net Income 2023: $727,1542023Revenue 2024: $18,516,747Expenses 2024: $18,756,359Net Income 2024: -$239,6122024

Highlighted filing

2024

Revenue$18,516,747
Expenses$18,756,359
Net Income-$239,612

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$30.5$17.9$12.5$18.5$18.8$0.24
2023Detailed filing. Detailed filing data is available for this year.$23.0$10.1$12.9$14.9$14.2$0.73
2022Detailed filing. Detailed filing data is available for this year.$18.6$6.39$12.2$13.7$13.4$0.24
2021Detailed filing. Detailed filing data is available for this year.$18.4$6.44$12.0$14.7$12.0$2.62
2020Detailed filing. Detailed filing data is available for this year.$16.5$7.17$9.36$14.7$12.6$2.18
2019Detailed filing. Detailed filing data is available for this year.$14.0$7.10$6.95$14.7$14.2$0.56
2018Detailed filing. Detailed filing data is available for this year.$11.1$4.65$6.45$14.5$13.7$0.83
2017Detailed filing. Detailed filing data is available for this year.$8.51$2.89$5.62$13.0$12.7$0.29
2016Detailed filing. Detailed filing data is available for this year.$8.77$3.44$5.33$13.6$12.8$0.74
2015Detailed filing. Detailed filing data is available for this year.$8.28$3.69$4.59$13.2$12.2$0.99
2014Detailed filing. Detailed filing data is available for this year.$7.63$4.03$3.60$13.0$12.0$1.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.70$4.11$2.60$11.4
2012Summary only. Only limited summary data is available for this year.$6.45$4.46$2.00$11.2$10.9$0.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.18$4.49$1.69$5.75
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$18,516,747
Mission and Program Overview

Mission

To close the achievement gap before children get to kindergarten by providing three and four-year-olds with the social, emotional, and cognitive foundations that will enable them to succeed in school.

The mission of appletree early learning public charter school is to provide young children with the social, emotional, and cognitive foundations that will enable them to succeed in school

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,648,913$10,868,526▲ $2,219,613
Savings and Temporary Cash Investments$7,908,397$6,588,732▼ $1,319,665
Cash and Non-Interest-Bearing Accounts$694,961$1,122,222▲ $427,261
Accounts Receivable$1,491,995$604,414▼ $887,581
Pledges and Grants Receivable$347,329$396,800▲ $49,471
Intangible Assets$95,060$71,933▼ $23,127
Prepaid Expenses and Deferred Charges$151,324$49,678▼ $101,646
Total Assets$23,001,056$30,466,982▲ $7,465,926
Other Assets Total$3,663,077$10,764,677▲ $7,101,600
Liabilities
Other Liabilities$3,829,983$10,891,040▲ $7,061,057
Tax Exempt Bond Liabilities$3,535,000$3,535,000→ $0
Mortgage Notes Payable Secured by Investment Property$1,878,962$1,795,736▼ $83,226
Accounts Payable and Accrued Expenses$772,916$1,671,472▲ $898,556
Unsecured Notes Loans Payable$39,053$24,240▼ $14,813
Total Liabilities$10,055,914$17,917,488▲ $7,861,574
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,942,761$12,544,568▼ $398,193
Net Assets With Donor Restrictions$2,381$4,926▲ $2,545
Total Net Assets Fund Balance$12,945,142$12,549,494▼ $395,648
Total Liabilities and Net Assets / Fund Balance$23,001,056$30,466,982▲ $7,465,926

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$4,602,362$2,631,387$7,233,749
Buildings$3,953,693$988,423$4,942,116
Land$1,491,125-$1,491,125
Equipment$503,846$367,339$871,185
Other Land Buildings$317,500-$317,500
Other Assets Org$23,393--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alex Feddouli - ChiefFinancial ofPT$59,126$184,891$244,017
Thomas Keane Jr - Secretary andGeneral CounPT$35,571$206,881$242,452
Jamie MilesChief of SchPT$112,021$108,458$220,479
John Moore - Director ofHr and TechnPT$76,700$90,757$167,457
Aja Mills - Director ofSchool LeadeFT$137,098$17,706$154,804
John Moore - Director ofHr and Technology-$137,098-$152,878
Kenyetta Singleton - Director ofStudent Supp-$66,005$72,017$138,022
Tara YoungPrincipalPT$119,388$14,460$133,848
Alex Feddouli - ChiefFinancial Officer-$112,021$15,780$124,443
Jamie MilesChief of Schools-$76,700-$84,788
Thomas Keane Jr - Secretary andGeneral Counsel-$59,126$8,088$59,126
William J MccarthyBoard ChairPT$35,571$12,422$35,571

Board Members and Trustees

NameTitle
Paula Young SheltonBoard Vice C
Celia MartinDirector
Dawn SmithDirector
Jennifer MckinneyDirector
Karen DavenportDirector
Lauren BaillieDirector
Matthew DownsDirector
Sara GlennDirector
Skyle PearsonDirector
Aja Mills - Director ofSchool Leadership
Bridget Bradley GrayTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Genuine Food Lab LLCFood ServicePO BOX 96503, Washington, DC 20090$372,291
Young & WellSpecial Educati932 HUNGERFORD DRIVE SUITE 18A, Rockville, MD 20850$297,296
Bk Cleaning Services LLCCleaning3739 CAPULET TERRACE, Silver Spring, MD 20906$263,005
Ed-opsAccounting1611 CONNECTICUT AVE NW STE 200, Washington, DC 20009$128,070
Revenue and Support

Revenue Composition

Contributions and Grants
$2,556,843
Program Service Revenue
$15,598,623
Investment Income
$361,281
Other Revenue
$0
All Other Contributions
$63,773
Change in Net Assets
$-239,612

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,516,747
Total Revenue per Audited Statements
$18,516,747
Total Revenue per Form 990
$18,516,747
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,313,929
Other Expenses$6,442,430
Total Fundraising Expense$19,596
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,157,577$927,658$19,596$10,104,831
Occupancy$2,461,886$132,289-$2,594,175
Fees for Services Other$797,029$242,150-$1,039,179
Other Employee Benefits$931,344$56,917-$988,261
Payroll Taxes$765,807$45,230-$811,037
Depreciation Depletion$651,736--$651,736
All Other Expenses$326,142$74,612-$400,754
Fees for Services Accounting$88,428$213,006-$301,434
Pension Plan Contributions$261,782$15,998-$277,780
Office Expenses$180,495$85,413-$265,908
Other Expenses$151,847$9,376-$161,223
Current Officers, Directors, Trustees, and Key Employees-$132,020-$132,020
Information Technology$4,264$60,762-$65,026
Insurance$20,975$40,821-$61,796
Interest$43,020--$43,020
Fees for Services Legal-$1,725-$1,725
Total Functional Expenses$16,656,137$2,080,626$19,596$18,756,359

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$18,756,359
Total Expenses per Audited Statements$18,756,359
Total Expenses per Form 990$18,756,359
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
Operating Lease Liability$10,516,052
Due to Related Party$374,988

Bond Issues

BondIssuerIssuedIssue PricePurpose
ADistrict of Columbia2010-11-23$3,535,000PCS CONSTRUCTION

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$3,535,000--$329,275

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
No
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 chief financial officer reviews the draft form 990 information tax return, as prepared by the accountants/auditors. Once reviewed, the 990 tax return is forwarded to the finance committee for review and they recommend it to the full board of directors for acceptance. Once approved by the full board, the 990 tax return is executed by the chief financial officer.

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

The conflict of interest policy is constantly monitored by administration personnel and the board of directors through review and approval procedures. Annually board members and staff complete a conflict of interest disclosure form identifying any relationships or circumstances which the board or staff member believes could contribute to a conflict of interest. Procedures: a.prior to board action on a contract or other transaction involving a conflict of interest, a board member having a conflict of interest shall disclose all facts material to the conflict or interest. Such disclosures shall be reflected in the minutes of the meeting. B.a person who has a conflict of interest shall not participate in the decision except to disclose material facts and to respond to questions. C.the person having a conflict of interest may not vote on the contract or transaction. D.staff members who have a conflict of interest with respect to a contract or transaction that is not the subject of board action shall disclose to the board chair any such conflict of interest. That staff member shall refrain from any action that may affect the school's participation in such contract or transaction. In the event it is not entirely clear that a conflict of interest exists, the individual with the potential conflict shall disclose the circumstances to the board chair.

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

The governance committee of the board of directors reviews the chief of schools compensation using comparability data and they contemporaneously document the deliberation and their recommendation to the full board. The compensation of the chief of schools for the next school year is then discussed, finalized and approved by the board.

Form 990, Page 6, Part VI, Line 19

All governing documents, policies and financial statements are forwarded to the district of columbia public charter school board which provides oversight and distribution of relevant information to the public. The form 990 is made available to the general public upon request. In addition, the 990 information tax return is available for public inspection on guidestar.

Filing and Contact Details

Filer

Filer Name
Appletree Early Learning Public
EIN
20-1302458
Phone
2025261503
Address
1801 MISSISSIPPI AVE SE, WASHINGTON, DC 20020

Signing Officer

Name
Mayank Polad - Chief
Title
Financial Officer
Phone
2024883990
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William J Mccarthy
Formed
2004
Legal Domicile
Dc
Voting Board Members
11
Independent Board Members
10
Employees
222
Volunteers
10

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, Page 1, Part I, Line 6

Volunteers represent board members that served during the year.

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

The charter school is open to any washington, dc, child in pre-school and pre-kindergarten and admission is free. The charter school currently serves 576 children at seven public charter preschool campuses across the district. In 2020, the charter school successfully concluded its fifteen- year charter review with its authorizer, the dc public charter school board, and received a charter renewal for an additional fifteen years. The charter school utilizes the comprehensive and evidence-based every child ready instructional model that was developed by appletree institute for education innovation with the assistance of an investing in innovation (i3) grant from the us department of education. The model builds language, literacy, and memory skills using regular assessments and data outcomes throughout the school year. Emphasis is placed on student growth, differentiated by an individual student's baseline knowledge. The charter school's primary sources of support are local appropriations for charter schools from the district of columbia. The charter school also receives federal funding through the office of the state superintendent of education.

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, 2024, 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, 2024, the statute of limitations for tax years 2020 through 2022 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, 2024, the charter school had no accruals for interest and/or penalties.

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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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