Civic Intelligence

Excel Academy Public Charter School

990 • Fiscal year 2019 • EIN 20-4394596

Jul 01, 2018 to Jun 30, 2019 • Filed on Aug 01, 2019

PO Box 71080Washington, DC 20024

(202) 841-6557

Siviq Scores

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

Liabilities / Assets

26th percentile

0.01x

Higher debt load relative to assets than 26% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

92nd percentile

2.33x

Higher debt load relative to revenue than 92% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

1st percentile

-13647%

Higher net margin than 1% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

94th percentile

$275,598

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 7596.4% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

2nd percentile

-43%

Faster asset growth than 2% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,045,383

Down $800,520 (-43%) from 2018

Net Assets

Down

$1,036,944

Down $495,101 (-32%) from 2018

Liabilities

Down

$8,439

Down $305,419 (-97%) from 2018

Revenue

Down

$3,628

Down $13,159,413 (-100%) from 2018

Expenses

Down

$498,729

Down $14,322,570 (-97%) from 2018

Net Income

Up

-$495,101

Up $1,163,157 (+70%) 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$0Assets 2011: $1,570,379Liabilities 2011: $431,481Net Assets 2011: $1,138,8982011Assets 2012: $1,905,985Liabilities 2012: $467,336Net Assets 2012: $1,438,6492012Assets 2013: $2,720,989Liabilities 2013: $617,921Net Assets 2013: $2,103,0682013Assets 2014: $3,304,492Liabilities 2014: $977,068Net Assets 2014: $2,327,4242014Assets 2015: $4,688,355Liabilities 2015: $1,019,922Net Assets 2015: $3,668,4332015Assets 2016: $5,340,210Liabilities 2016: $1,195,811Net Assets 2016: $4,144,3992016Assets 2017: $4,770,380Liabilities 2017: $1,046,080Net Assets 2017: $3,724,3002017Assets 2018: $1,845,903Liabilities 2018: $313,858Net Assets 2018: $1,532,0452018Assets 2019: $1,045,383Liabilities 2019: $8,439Net Assets 2019: $1,036,9442019Assets 2020: $954,073Liabilities 2020: $0Net Assets 2020: $954,0732020Assets 2021: $31,550Net Assets 2021: $31,5502021Assets 2022: $0Net Assets 2022: $02022

Highlighted filing

2019

Assets$1,045,383
Liabilities$8,439
Net Assets$1,036,944

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $5,319,988Expenses 2011: $4,836,409Net Income 2011: $483,5792011Expenses 2012: $6,433,7402012Expenses 2013: $7,836,5272013Revenue 2014: $10,841,406Expenses 2014: $10,617,050Net Income 2014: $224,3562014Revenue 2015: $13,638,557Expenses 2015: $12,057,629Net Income 2015: $1,580,9282015Revenue 2016: $13,604,212Expenses 2016: $13,128,246Net Income 2016: $475,9662016Revenue 2017: $13,250,484Expenses 2017: $13,670,583Net Income 2017: -$420,0992017Revenue 2018: $13,163,041Expenses 2018: $14,821,299Net Income 2018: -$1,658,2582018Revenue 2019: $3,628Expenses 2019: $498,729Net Income 2019: -$495,1012019Revenue 2020: $3,675Expenses 2020: $86,546Net Income 2020: -$82,8712020Revenue 2021: $2,865Expenses 2021: $925,388Net Income 2021: -$922,5232021Expenses 2022: $31,5502022

Highlighted filing

2019

Revenue$3,628
Expenses$498,729
Net Income-$495,101
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Aug 1, 2019
Return Version
2018v3.1
Gross Receipts
$3,628
Mission and Program Overview

Mission

The public charter school operates as part of the district of columbia public school system with its purpose of providing an outstanding academic education to pre-school to eighth grade girls in the district of columbia. In an effort to impact the inter-generational patterns of poverty, excel academy has been organized to provide an excellent academic and complementary social and enrichment program to prepare scholars to succeed and effectively compete in highly competitive high schools, colleges, and universities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,026,837$897,475▼ $129,362
Accounts Receivable$251,698--
Cash and Non-Interest-Bearing Accounts$394,907$132,918▼ $261,989
Pledges and Grants Receivable$67,191--
Prepaid Expenses and Deferred Charges$15,280$14,990▼ $290
Total Assets$1,845,903$1,045,383▼ $800,520
Other Assets Total$89,990--
Liabilities
Accounts Payable and Accrued Expenses$312,792$8,439▼ $304,353
Other Liabilities$1,066--
Total Liabilities$313,858$8,439▼ $305,419
Net Assets / Fund Balance
Unrestricted Net Assets$1,532,045$1,036,944▼ $495,101
Total Net Assets Fund Balance$1,532,045$1,036,944▼ $495,101
Total Liabilities and Net Assets / Fund Balance$1,845,903$1,045,383▼ $800,520
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Deborah LockhartCEO/head ofFT$275,598-$275,598
Deborah LockhartCEO/head of School-$225,070$50,528$275,598
Kevin StaffordCFOFT$134,297-$134,297

Board Members and Trustees

NameTitle
Elizabeth HeiderChair
Michael BealeVice Chair
Valerie HoltTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ten Square LLCManagement Cons1101 17TH STREET NW, Washington, DC 20036$221,583
Psychological Assessment SolutionsPsychologicalLLC - 500 N WASHINGTON ST STE 203, Alexandria, VA 22314$154,599
Revenue and Support

Revenue Composition

Contributions and Grants
$235
Program Service Revenue
$0
Investment Income
$3,393
Other Revenue
$0
All Other Contributions
$235
Change in Net Assets
$-495,101
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$498,729
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other-$114,713-$114,713
Fees for Services Management-$87,138-$87,138
Fees for Services Accounting-$81,193-$81,193
Fees for Services Legal-$56,553-$56,553
Occupancy-$27,209-$27,209
Office Expenses-$8,224-$8,224
Insurance-$6,311-$6,311
Travel-$5,899-$5,899
Advertising-$5,406-$5,406
Information Technology-$4,741-$4,741
Other Expenses-$732-$732
Total Functional Expenses$0$498,729$0$498,729
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
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 executive officer and the chief financial officer review the form 990 information return and then forward the form 990 to the treasurer for review and presentation to the board of directors. Once all questions posed by the board of directors are addressed and answered, the treasurer notifies the chief financial officer that the 990 is authorized for filing.

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

The conflict of interest policy is reviewed annually for all board members and key employees. The review requires disclosure of any interest by anyone that may have a conflict of interest. As there are changes in board members or key employees, the policy is disclosed and complied with.

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

The chief executive officer's compensation is reviewed annually by the board of directors at a regular meeting. There is a performance review and a comparison of salary to market for determination of salary.

Form 990, Page 6, Part VI, Line 19

The documents are available upon request for inspection at the school, and a copy may be obtained at a cost per copy for reproduction.

Filing and Contact Details

Filer

Filer Name
Excel Academy Public Charter School
EIN
20-4394596
Phone
2028416557
Address
PO BOX 71080, WASHINGTON, DC 20024

Signing Officer

Name
Kevin Stafford
Title
CFO
Phone
2023730097
Signed
2019-08-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Stafford
Formed
2006
Legal Domicile
Dc
Voting Board Members
3
Independent Board Members
3
Employees
146
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

The public charter school operates as part of the district of columbia public school system with its purpose of providing an outstanding academic education to pre-school to eighth grade girls in the district of columbia. In an effort to impact the inter-generational patterns of poverty, excel academy has been organized to provide an excellent academic and complementary social and enrichment program to prepare scholars to succeed and effectively compete in highly competitive high schools, colleges, and universities.

Form 990, Page 2, Part III, Line 3

On january 11, 2018, the dc public charter school board (dcpcsb) voted to revoke the excel academy public charter school's charter effective upon the last day of the june 30, 2018, school year for failure to meet its goals relating to student academic achievement. The school reform act of the district of columbia (d.c. Code 38-1802.12(a) (3)) provides that the dcpcsb review a school's charter at least once every five years. As part of this review, the dcpcsb is required to determine whether: (1) the school committed a material violation of applicable laws or a material violation of the conditions, terms, standards, or procedures set forth in its charter and/or(2) the school failed to meet the goals and student academic achievement expectations set forth in its charter. If the dcpcsb determines that a school has committed a material violation of applicable law, or has not met its goals and expectations as described above, it may, at its discretion, grant the school a conditional continuance, or revoke the school's charter. Per its charter and charter agreement, the excel academy public charter school committed to achieving an average performance management framework (pmf) score of 45% taking into account attendance, test scores and re- enrollment rates. Over the past five years, the excel academy public charter school's average score was 41.4% with a pattern of a downward trend. The excel academy public charter school continued to operate subsequent to june 30, 2018, for the period of time necessary to fully dissolve the corporation. During this period of time, the corporation has retained the services of consultants to perform administrative tasks ultimately resulting in the final close-out of the charter school which is anticipated to occure by june 30, 2020.

Form 990, Part IX, Line 11G

Document scanning & retention 0 26,160 0 retirement plan consulting 0 5,669 0 accounting - school close out 0 61,120 0 admin - school close out 0 21,764 0 total 0 114,713 0

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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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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS A PUBLIC CHARTER SCHOOL AND IS OPERATING UNDER A CONTRACT WITH THE DC GOVERNMENT. REVENUE PROCEDURE 75-50 DOES NOT APPLY TO CHARTER SCHOOLS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PUBLIC CHARTER SCHOOL OPERATES AS PART OF THE DISTRICT OF COLUMBIA PUBLIC SCHOOL SYSTEM WITH ITS PURPOSE OF PROVIDING AN OUTSTANDING ACADEMIC EDUCATION TO PRE-SCHOOL TO EIGHTH GRADE GIRLS IN THE DISTRICT OF COLUMBIA. IN AN EFFORT TO IMPACT THE INTER-GENERATIONAL PATTERNS OF POVERTY, EXCEL ACADEMY HAS BEEN ORGANIZED TO PROVIDE AN EXCELLENT ACADEMIC AND COMPLEMENTARY SOCIAL AND ENRICHMENT PROGRAM TO PREPARE SCHOLARS TO SUCCEED AND EFFECTIVELY COMPETE IN HIGHLY COMPETITIVE HIGH SCHOOLS, COLLEGES, AND UNIVERSITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ON JANUARY 11, 2018, THE DC PUBLIC CHARTER SCHOOL BOARD (DCPCSB) VOTED TO REVOKE THE EXCEL ACADEMY PUBLIC CHARTER SCHOOL'S CHARTER EFFECTIVE UPON THE LAST DAY OF THE JUNE 30, 2018, SCHOOL YEAR FOR FAILURE TO MEET ITS GOALS RELATING TO STUDENT ACADEMIC ACHIEVEMENT. THE SCHOOL REFORM ACT OF THE DISTRICT OF COLUMBIA (D.C. CODE 38-1802.12(A) (3)) PROVIDES THAT THE DCPCSB REVIEW A SCHOOL'S CHARTER AT LEAST ONCE EVERY FIVE YEARS. AS PART OF THIS REVIEW, THE DCPCSB IS REQUIRED TO DETERMINE WHETHER: (1) THE SCHOOL COMMITTED A MATERIAL VIOLATION OF APPLICABLE LAWS OR A MATERIAL VIOLATION OF THE CONDITIONS, TERMS, STANDARDS, OR PROCEDURES SET FORTH IN ITS CHARTER AND/OR(2) THE SCHOOL FAILED TO MEET THE GOALS AND STUDENT ACADEMIC ACHIEVEMENT EXPECTATIONS SET FORTH IN ITS CHARTER. IF THE DCPCSB DETERMINES THAT A SCHOOL HAS COMMITTED A MATERIAL VIOLATION OF APPLICABLE LAW, OR HAS NOT MET ITS GOALS AND EXPECTATIONS AS DESCRIBED ABOVE, IT MAY, AT ITS DISCRETION, GRANT THE SCHOOL A CONDITIONAL CONTINUANCE, OR REVOKE THE SCHOOL'S CHARTER. PER ITS CHARTER AND CHARTER AGREEMENT, THE EXCEL ACADEMY PUBLIC CHARTER SCHOOL COMMITTED TO ACHIEVING AN AVERAGE PERFORMANCE MANAGEMENT FRAMEWORK (PMF) SCORE OF 45% TAKING INTO ACCOUNT ATTENDANCE, TEST SCORES AND RE- ENROLLMENT RATES. OVER THE PAST FIVE YEARS, THE EXCEL ACADEMY PUBLIC CHARTER SCHOOL'S AVERAGE SCORE WAS 41.4% WITH A PATTERN OF A DOWNWARD TREND. THE EXCEL ACADEMY PUBLIC CHARTER SCHOOL CONTINUED TO OPERATE SUBSEQUENT TO JUNE 30, 2018, FOR THE PERIOD OF TIME NECESSARY TO FULLY DISSOLVE THE CORPORATION. DURING THIS PERIOD OF TIME, THE CORPORATION HAS RETAINED THE SERVICES OF CONSULTANTS TO PERFORM ADMINISTRATIVE TASKS ULTIMATELY RESULTING IN THE FINAL CLOSE-OUT OF THE CHARTER SCHOOL WHICH IS ANTICIPATED TO OCCURE BY JUNE 30, 2020.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER REVIEW THE FORM 990 INFORMATION RETURN AND THEN FORWARD THE FORM 990 TO THE TREASURER FOR REVIEW AND PRESENTATION TO THE BOARD OF DIRECTORS. ONCE ALL QUESTIONS POSED BY THE BOARD OF DIRECTORS ARE ADDRESSED AND ANSWERED, THE TREASURER NOTIFIES THE CHIEF FINANCIAL OFFICER THAT THE 990 IS AUTHORIZED FOR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY FOR ALL BOARD MEMBERS AND KEY EMPLOYEES. THE REVIEW REQUIRES DISCLOSURE OF ANY INTEREST BY ANYONE THAT MAY HAVE A CONFLICT OF INTEREST. AS THERE ARE CHANGES IN BOARD MEMBERS OR KEY EMPLOYEES, THE POLICY IS DISCLOSED AND COMPLIED WITH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CHIEF EXECUTIVE OFFICER'S COMPENSATION IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS AT A REGULAR MEETING. THERE IS A PERFORMANCE REVIEW AND A COMPARISON OF SALARY TO MARKET FOR DETERMINATION OF SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE DOCUMENTS ARE AVAILABLE UPON REQUEST FOR INSPECTION AT THE SCHOOL, AND A COPY MAY BE OBTAINED AT A COST PER COPY FOR REPRODUCTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DOCUMENT SCANNING & RETENTION 0 26,160 0 RETIREMENT PLAN CONSULTING 0 5,669 0 ACCOUNTING - SCHOOL CLOSE OUT 0 61,120 0 ADMIN - SCHOOL CLOSE OUT 0 21,764 0 TOTAL 0 114,713 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
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