Civic Intelligence

Sedc Charter School Inc

EIN 26-1160987 • 501(c)3

Profile

Imagine Southeast Public Charter School, Inc.'s mission is to help parents and guardians educate their children by creating learning communities of achievement and hope. The School was founded with the goal of restoring vision and purpose to schools and returning parents and guardians to full participation in the education of their children. These activities are funded primarily through the District of Columbia Public School System based on enrollment and grants from the Federal government.

3100 Martin Luther King Jr Ave SE20032

www.imaginesoutheastpcs.org

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.60x

Higher debt load relative to assets than 83% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

81st percentile

23%

Faster asset growth than 81% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$1,290,219

Down $1,725,958 (-57%) from 2013

Liabilities

Down

$834,626

Down $814,080 (-49%) from 2013

Net Assets

Down

$455,593

Down $911,878 (-67%) from 2013

Revenue

$8,112,688

No earlier filing loaded for comparison.

Expenses

Down

$9,024,566

Down $1,032,711 (-10%) from 2013

Net Income

-$911,878

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,489,718Liabilities 2011: $1,002,957Net Assets 2011: $486,7612011Assets 2012: $1,828,144Liabilities 2012: $1,096,070Net Assets 2012: $732,0742012Assets 2013: $3,016,177Liabilities 2013: $1,648,706Net Assets 2013: $1,367,4712013Assets 2014: $1,290,219Liabilities 2014: $834,626Net Assets 2014: $455,5932014

Highlighted filing

2014

Assets$1,290,219
Liabilities$834,626
Net Assets$455,593

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $7,382,2332011Expenses 2012: $9,128,7992012Expenses 2013: $10,057,2772013Revenue 2014: $8,112,688Expenses 2014: $9,024,566Net Income 2014: -$911,8782014

Highlighted filing

2014

Revenue$8,112,688
Expenses$9,024,566
Net Income-$911,878

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 15, 2015
Return Version
2013v4.0
Gross Receipts
$8,112,688
Mission and Program Overview

Mission

Imagine Southeast Public Charter School, Inc.'s mission is to help parents and guardians educate their children by creating learning communities of achievement and hope. The School was founded with the goal of restoring vision and purpose to schools and returning parents and guardians to full participation in the education of their children. These activities are funded primarily through the District of Columbia Public School System based on enrollment and grants from the Federal government.

Imagine Southeast Public Charter School's mission is to help parents and guardians educate their children by creating learning communities of achievement and hope.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,069,325$919,258▼ $1,150,067
Pledges and Grants Receivable$552,533$370,961▼ $181,572
Land, Buildings, and Equipment, Net$245,874$0▼ $245,874
Prepaid Expenses and Deferred Charges$148,445--
Total Assets$3,016,177$1,290,219▼ $1,725,958
Liabilities
Accounts Payable and Accrued Expenses$1,103,800$834,626▼ $269,174
Other Liabilities$544,906$0▼ $544,906
Total Liabilities$1,648,706$834,626▼ $814,080
Net Assets / Fund Balance
Unrestricted Net Assets$1,367,471$455,593▼ $911,878
Total Net Assets Fund Balance$1,367,471$455,593▼ $911,878
Total Liabilities and Net Assets / Fund Balance$3,016,177$1,290,219▼ $1,725,958

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$1,027,277$1,027,277
Leasehold Improvements$0$98,959$98,959
Compensation and Service Providers

Board Members and Trustees

NameTitle
Barbara BazronBoard Chair
Matt EngelVice Chair
Denise LintonBoard Member
Jacquelyn GloverBoard Member
Juanita PriceBoard Member
Lorraine MandalaBoard Member
Michael KimBoard Member
Natasha DeboseBoard Member
Pamela GaskinsBoard Member
Renee GerberBoard Member
Aaron RenengerSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Imagine Schools - DC RegionAdministrative support-$1,070,245
Revolution FoodsFood service provider-$335,601
Phoenix Therapeutic Services IncMental health services-$202,378
American Reading CompanyEducational services-$194,117
PepcoUtility-Electric-$117,683
Revenue and Support

Revenue Composition

Contributions and Grants
$916,959
Program Service Revenue
$7,195,729
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-911,878

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,112,688
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$8,112,688
Total Revenue per Form 990
$8,112,688
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,202,980
Salaries, Compensation, and Employee Benefits$3,821,586
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,686,546$366,347-$3,052,893
Occupancy$1,094,546$163,553-$1,258,099
Fees for Services Management-$1,123,094-$1,123,094
All Other Expenses$868,507--$868,507
Fees for Services Other$585,561$7,918-$593,479
Other Employee Benefits$400,594$54,627-$455,221
Payroll Taxes$275,855$37,617-$313,472
Depreciation Depletion$160,541$23,149-$183,690
Office Expenses$168,298$13,745-$182,043
Insurance$151,112$20,606-$171,718
Information Technology$111,970$16,731-$128,701
Other Expenses$59,488$17,705-$59,488
Total Functional Expenses$7,179,474$1,845,092$0$9,024,566

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,024,566
Total Expenses per Audited Statements$9,024,566
Total Expenses per Form 990$9,024,566
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
No
Audit committee
Yes
Backup withholding compliance
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, Part VI, Section A, line 8B

The full board makes all decisions. Subcommittees only make recommendations.

Form 990, Part VI, Section B, line 11

The Form 990 is submitted to the Board Chair for her to facilitate a board review. She requests ammendments, if needed, and executes when acceptable.

Form 990, Part VI, Section B, line 15

The school uses the District of Columbia Public Schools salary scale as a benchmark. The school takes that benchmark compares it to other Imagine Schools to determine salary.

Form 990, Part VI, Section C, line 19

The school's governing documents, conflict of interest policy, financial statements, Form 1023 and 990 are made available to the public upon request.

Filing and Contact Details

Filer

EIN
26-1160987
Phone
2025611622

Signing Officer

Name
Barbara Bazron
Title
Chair
Phone
2025611622
Signed
2015-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barbara Bazron
Formed
2007
Legal Domicile
Dc
Voting Board Members
11
Independent Board Members
11
Employees
120
Volunteers
0

Preparer

Preparer
William A Seymour
Phone
4105840060
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

The process has not changed since prior year.

Financial Statement Notes

Part X, Line 2:

Financial Accounting Standards Board Accounting Standards Codification 740 (ASC 740), Income Taxes, establishes guidelines for recognizing, measuring, and disclosing tax return positions in financial statements. Management has evaluated the tax positions of the School and determined that the application of ASC 740 had no material impact on its financial statements. Accordingly, no adjustments for unrecognized tax benefits or related interest or penalties were required as of June 30, 2014 or 2013. If applicable, the School would recognize accrued interest and penalties related to unrecognized tax benefits in the statement of activities and change in net assets. Management is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits would significantly increase or decrease during the next twelve months. Each of the tax years in the four-year period ending June 30, 2014, remains subject to examination by Federal taxing authorities; however, certain state taxing authorities may lengthen this period to five years.

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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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IRS990/OtherExpensesGrp/ProgramServicesAmt286941
IRS990/OtherExpensesGrp/ProgramServicesAmt359488
IRS990/OtherExpensesGrp/TotalAmt0399676
IRS990/OtherExpensesGrp/TotalAmt1147544
IRS990/OtherExpensesGrp/TotalAmt286941
IRS990/OtherExpensesGrp/TotalAmt359488
IRS990/OtherLiabilitiesGrp/BOYAmt0544906
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0366347
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02686546
IRS990/OtherSalariesAndWagesGrp/TotalAmt03052893
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt037617
IRS990/PayrollTaxesGrp/ProgramServicesAmt0275855
IRS990/PayrollTaxesGrp/TotalAmt0313472
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0552533
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0370961
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0148445
IRS990/PrincipalOfficerNm0Barbara Bazron
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/BusinessCd3611600
IRS990/ProgramServiceRevenueGrp/Desc0DC per pupil allocatio
IRS990/ProgramServiceRevenueGrp/Desc1Food services
IRS990/ProgramServiceRevenueGrp/Desc2Field trips
IRS990/ProgramServiceRevenueGrp/Desc3Student care services
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06887543
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1278884
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt220982
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt38320
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06887543
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1278884
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt220982
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt38320
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0751437
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt04997729
IRS990/PYOtherRevenueAmt028376
IRS990/PYProgramServiceRevenueAmt09912861
IRS990/PYRevenuesLessExpensesAmt0635397
IRS990/PYSalariesCompEmpBnftPaidAmt05059548
IRS990/PYTotalExpensesAmt010057277
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010692674
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-911878
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07195729
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01027277
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01027277
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt09024566
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt098959
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt098959
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt08112688
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Financial Accounting Standards Board Accounting Standards Codification 740 (ASC 740), Income Taxes, establishes guidelines for recognizing, measuring, and disclosing tax return positions in financial statements. Management has evaluated the tax positions of the School and determined that the application of ASC 740 had no material impact on its financial statements. Accordingly, no adjustments for unrecognized tax benefits or related interest or penalties were required as of June 30, 2014 or 2013. If applicable, the School would recognize accrued interest and penalties related to unrecognized tax benefits in the statement of activities and change in net assets. Management is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits would significantly increase or decrease during the next twelve months. Each of the tax years in the four-year period ending June 30, 2014, remains subject to examination by Federal taxing authorities; however, certain state taxing authorities may lengthen this period to five years.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt09024566
IRS990ScheduleD/TotalRevenuePerForm990Amt08112688
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08112688
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09024566
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd00
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The racially nondiscriminatory policy is stated on our website.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The school does not award scholarships.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2During the year ended June 30, 2014, the school received government funding from the U.S. Department of Education and the U.S. Department of Agriculture.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The full board makes all decisions. Subcommittees only make recommendations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is submitted to the Board Chair for her to facilitate a board review. She requests ammendments, if needed, and executes when acceptable.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The school uses the District of Columbia Public Schools salary scale as a benchmark. The school takes that benchmark compares it to other Imagine Schools to determine salary.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The school's governing documents, conflict of interest policy, financial statements, Form 1023 and 990 are made available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The process has not changed since prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03016177
IRS990/TotalAssetsEOYAmt01290219
IRS990/TotalAssetsGrp/BOYAmt03016177
IRS990/TotalAssetsGrp/EOYAmt01290219
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0916959
IRS990/TotalEmployeeCnt0120
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01845092

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