Civic Intelligence

DC Public Education Fund

990 • Fiscal year 2021 • EIN 26-1607955

Oct 01, 2020 to Sep 30, 2021 • Filed on Aug 10, 2022

3407 14th Street NWWashington, DC 20010

(202) 674-3753

Siviq Scores

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

Liabilities / Assets

37th percentile

0.08x

Higher debt load relative to assets than 37% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

51st percentile

0.23x

Higher debt load relative to revenue than 51% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

9th percentile

-19%

Higher net margin than 9% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

66th percentile

$223,323

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

12th percentile

-4.3%

Faster asset growth than 12% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

3rd percentile

-65%

Faster revenue growth than 3% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Down

$19,324,284

Down $868,644 (-4.3%) from 2020

Net Assets

Down

$17,688,359

Down $1,310,318 (-6.9%) from 2020

Liabilities

Up

$1,635,925

Up $441,674 (+37%) from 2020

Revenue

Down

$7,024,090

Down $13,031,617 (-65%) from 2020

Expenses

Down

$8,334,408

Down $1,994,028 (-19%) from 2020

Net Income

Down

-$1,310,318

Down $11,037,589 (-113%) from 2020

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2015: $15,123,326Liabilities 2015: $1,326,626Net Assets 2015: $13,796,7002015Assets 2016: $12,189,280Liabilities 2016: $1,597,914Net Assets 2016: $10,591,3662016Assets 2017: $16,802,989Liabilities 2017: $2,526,823Net Assets 2017: $14,276,1662017Assets 2018: $9,920,760Liabilities 2018: $2,517,764Net Assets 2018: $7,402,9962018Assets 2019: $10,752,556Liabilities 2019: $1,481,150Net Assets 2019: $9,271,4062019Assets 2020: $20,192,928Liabilities 2020: $1,194,251Net Assets 2020: $18,998,6772020Assets 2021: $19,324,284Liabilities 2021: $1,635,925Net Assets 2021: $17,688,3592021Assets 2022: $20,381,369Liabilities 2022: $3,153,462Net Assets 2022: $17,227,9072022Assets 2024: $17,300,490Liabilities 2024: $1,418,119Net Assets 2024: $15,882,3712024

Highlighted filing

2021

Assets$19,324,284
Liabilities$1,635,925
Net Assets$17,688,359

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2015: $13,349,405Expenses 2015: $6,901,324Net Income 2015: $6,448,0812015Revenue 2016: $7,584,721Expenses 2016: $10,792,653Net Income 2016: -$3,207,9322016Revenue 2017: $17,809,314Expenses 2017: $14,124,514Net Income 2017: $3,684,8002017Revenue 2018: $3,510,561Expenses 2018: $10,383,731Net Income 2018: -$6,873,1702018Revenue 2019: $10,694,583Expenses 2019: $8,826,173Net Income 2019: $1,868,4102019Revenue 2020: $20,055,707Expenses 2020: $10,328,436Net Income 2020: $9,727,2712020Revenue 2021: $7,024,090Expenses 2021: $8,334,408Net Income 2021: -$1,310,3182021Revenue 2022: $7,515,108Expenses 2022: $7,975,560Net Income 2022: -$460,4522022Revenue 2024: $6,398,065Expenses 2024: $10,195,366Net Income 2024: -$3,797,3012024

Highlighted filing

2021

Revenue$7,024,090
Expenses$8,334,408
Net Income-$1,310,318
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Aug 10, 2022
Return Version
2020v4.1
Gross Receipts
$7,024,090
Mission and Program Overview

Mission

The dc public education fund (dc ed fund) is the independent nonprofit formed to catalyze

The dc public education fund catalyzes philanthropy in support of strategic initiatives in dc public schools to accelerate improvements, sustain excellence, and ensure accountabiity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$9,685,356$13,413,089▲ $3,727,733
Pledges and Grants Receivable$10,378,160$5,864,404▼ $4,513,756
Prepaid Expenses and Deferred Charges$128,692$37,402▼ $91,290
Intangible Assets-$9,029-
Land, Buildings, and Equipment, Net$720$360▼ $360
Total Assets$20,192,928$19,324,284▼ $868,644
Liabilities
Accounts Payable and Accrued Expenses$1,194,251$1,635,925▲ $441,674
Total Liabilities$1,194,251$1,635,925▲ $441,674
Net Assets / Fund Balance
Net Assets With Donor Restrictions$17,974,600$17,200,314▼ $774,286
Net Assets Without Donor Restrictions$1,024,077$488,045▼ $536,032
Total Net Assets Fund Balance$18,998,677$17,688,359▼ $1,310,318
Total Liabilities and Net Assets / Fund Balance$20,192,928$19,324,284▼ $868,644

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$360$13,127$13,487
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeanie LeePresident & Executive DirectorFT$211,291$12,032$223,323
Jeanie Lee--$181,291$42,032$223,323
Emily NixonManaging DirectorFT$143,050$8,045$151,095
Emily Nixon--$123,050$28,045$151,095

Board Members and Trustees

NameTitle
Mark EINChairman
Amalie Moses ReichblumDirector
Debbi JarvisDirector
Kevin DowneyDirector
Michaela EnglishDirector
Thomas PennyDirector
Tom DavidsonDirector
Traci HigginsDirector
Benjamin SotoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
EdquityMicro-grant Management125 COURT ST, Brooklyn, NY 11201$108,000
Revenue and Support

Revenue Composition

Contributions and Grants
$6,996,715
Program Service Revenue
$0
Investment Income
$27,375
Other Revenue
$0
All Other Contributions
$6,996,715
Change in Net Assets
$-1,310,318

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,024,090
Revenue Not Reported on Form 990
$74,336
Total Revenue per Audited Statements
$7,098,426
Total Revenue per Form 990
$7,024,090
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,305,820
Grants and Similar Amounts Paid$3,342,686
Salaries, Compensation, and Employee Benefits$685,902
Total Fundraising Expense$289,320
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,838,634--$2,838,634
Fees for Services Other$2,633,677$29,244$58,404$2,721,325
Grants to Domestic Individuals$504,052--$504,052
Current Officers, Directors, Trustees, and Key Employees$221,517$47,599$95,061$364,177
Other Salaries and Wages$138,962$29,860$59,634$228,456
Information Technology$68,316$948$1,894$71,158
Fees for Services Accounting$42,994$9,244$18,462$70,700
Payroll Taxes$27,195$5,844$11,670$44,709
Pension Plan Contributions$25,890$5,563$11,110$42,563
Other Expenses$5,892$1,266$2,529$9,687
Insurance$5,610$1,206$2,409$9,225
Office Expenses$6,407$894$1,780$9,081
Travel$6,547$508$1,016$8,071
Other Employee Benefits$3,648$784$1,565$5,997
Depreciation Depletion$718$154$308$1,180
Total Functional Expenses$7,900,218$144,870$289,320$8,334,408

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,408,744
Expenses per Audited Statements$8,334,408
Total Expenses per Form 990$8,334,408
Expenses Not Reported on Form 990$74,336
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Dc Public SchoolsWashington, DC115Education Initiatives$2,838,634
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
Backup withholding compliance
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Dc Public Education Fund
EIN
26-1607955
Phone
2026743753
Address
3407 14TH STREET NW, WASHINGTON, DC 20010

Signing Officer

Name
Emily Nixon
Title
Interim President & Executive Direc
Phone
2026743753
Signed
2022-08-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Emily Nixon
Formed
2007
Legal Domicile
Dc
Voting Board Members
9
Independent Board Members
9
Employees
5
Volunteers
9

Preparer

Firm
Lane & Company CPAs
Address
5335 Wisconsin Ave NW Ste 440, Washington, DC 20015
Preparer
Robert E Lane
Phone
2026172615
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Management provides preliminary information to lane & company and reviews the form 990 draft, then shares with the board for review and approval.

Pt VI, Line 12C

Each year, each covered person shall complete a conflict of interest declaration form concerning the name(s) of any organization, institution or other entity with whom the covered person (including such person's parent, spouse, sibling, son or daughter, or domestic partner) has a significant ownership or investment interest in, has a compensation arrangement with, or has a relationship with as a director, trustee, officer, employee or consultant, and shall sign a statement affirming that such covered person: (1) has provided complete and accurate information on the disclosure form as described in the preceding paragraph; (2) has received a copy of this conflict of interest policy; (3) has read and understands the policy; (4) has agreed to comply with the policy; and (5) understands that the corporation is a charitable organization and that, in order to maintain its federal tax exemption, the corporation must engage primarily in activities that accomplish one or more of its tax-exempt purposes.

Pt VI, Line 15A

The board meets to review the president's performance and compensation on an annual basis. The president prepares and, by the first board meeting of the fiscal year, submits the organization's annual performance goals, on which she is evaluated. The president presents progress against these goals on a quarterly basis at each board meeting. At the conclusion of the fiscal year the board chair performs a performance review, which includes any relevant input from employees and other board members. The board chair then submits to the board (in executive session) the president's performance review and a recommendation for any adjustments to compensation. The board holds a discussion on performance and compensation and votes on future compensation based on the financial position of the organization, the overall evaluation results, and comparability data from similar organizations. An overall performance assessment is then delivered by the board chair to the president, along with notice of any compensation adjustment.

Pt VI, Line 15B

The president follows a similar deliberation process as noted above for evaluating and adjusting compensation for her direct reports, with input by the strategy and compensation committee. During the tax year ended september 30, 2021, there are no other officers or key employees receiving compensation from the filing organization.

Pt VI, Line 19

All available upon request.

Form 990, Part III, Line 4D

Engaged students and families - provides opportunities 296400. 1001. 0.

Form 990, Part IX, Line 11G

Education consultants 2721325. 2633677. 29244. 58404.

Financial Statement Notes

Pt X, Line 2

Management annually reviews its tax positions and has determined there are no material uncertain tax positions that require recognition in the financial statements.

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IRS990/ActivityOrMissionDesc0THE DC PUBLIC EDUCATION FUND CATALYZES PHILANTHROPY IN SUPPORT OF STRATEGIC INITIATIVES IN DC PUBLIC SCHOOLS TO ACCELERATE IMPROVEMENTS, SUSTAIN EXCELLENCE, AND ENSURE ACCOUNTABIITY.
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IRS990/Desc0EXCELLENT TEACHERS AND LEADERS - PROVIDES THE RESOURCES TO ATTRACT, RETAIN, DEVELOP, AND REWARD THE MOST EFFECTIVE EDUCATORS IN DC PUBLIC SCHOOLS. A. STANDING OVATION FOR DC PUBLIC SCHOOLS: THE DC PUBLIC EDUCATION FUND'S SIGNATURE EVENT, STANDING OVATION FOR DC PUBLIC SCHOOLS, IS THE PREMIER AWARDS SHOW FOR DC PUBLIC SCHOOL EDUCATORS IN WASHINGTON, DC AND INCLUDES CELEBRITY PRESENTERS AND PERFORMANCES. THE ELEVENTH ANNUAL EVENT WAS HELD VIRTUALLY THROUGH A VIDEO BROADCAST MADE AVAILABLE TO SELECT DC PUBLIC SCHOOLS EDUCATORS AND SPONSORS. B. LEADERSHIP PIPELINE: THE LEADERSHIP PIPELINE INITIATIVE ENABLED DCPS TO TAKE KEY STEPS TOWARD DEVELOPING AN EQUITY-CENTERED LEADERSHIP PIPELINE. THIS INCLUDED ENGAGING BI-LINGUAL SCHOOL LEADERS, DIVERSE RECRUITING, AND AN EQUITY AUDIT ON CURRENT DISTRICT POLICIES.
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IRS990/MissionDesc0THE DC PUBLIC EDUCATION FUND CATALYZES PHILANTHROPY IN SUPPORT OF STRATEGIC INITIATIVES IN DC PUBLIC SCHOOLS TO ACCELERATE IMPROVEMENTS, SUSTAIN EXCELLENCE, AND ENSURE ACCOUNTABIITY.
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IRS990/OtherExpensesGrp/Desc0PROGRAM MATERIALS
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IRS990/OtherExpensesGrp/Desc2DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3STAFF TRAININGS
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IRS990/ProgSrvcAccomActy2Grp/Desc0SYSTEMS IMPROVEMENT AND REFORM - PROVIDES SUPPORT AND RESOURCES THAT INCREASE THE SCHOOL SYSTEM'S CAPACITY AND ABILITY TO MEET 'A CAPITAL COMMITMENT' GOALS BY 2022. A. DC READING CLINIC: TOGETHER WITH DCPS, THE DC READING CLINIC (DCRC) CREATES A SYSTEM WHERE STRUGGLING READERS IN GRADES K-2 CAN EXPERIENCE THE JOY OF MASTERING READING, WHILE ALLOWING DCPS TEACHERS TO EARN GRADUATE CREDIT IN READING REMEDIATION. B. SAGA EDUCATION TUTORING: THE SAGA EDUCATION TUTORING PROGRAM SUPPORTS FRESHMAN AND SOPHOMORES AT FOUR DCPS HIGH SCHOOLS TO IMPROVE ACADEMIC ACHIEVEMENT. SAGA EDUCATION, A NATIONAL NON-PROFIT ORGANIZATION, PARTNERS WITH PUBLIC SCHOOL DISTRICTS TO SUPPLEMENT TEACHER INSTRUCTION BY OFFERING TRAINED TUTORING FELLOWS FOR STUDENTS WHO ARE FALLING BEHIND. C. STUDENT BASED BUDGETING: THIS STUDENT BASED BUDGETING PROGRAM IS DESIGNED TO SUPPORT DCPS IN TRANSITIONING TO A MORE EQUITABLE AND TRANSPARENT BUDGETARY MODEL FOR ALLOCATING RESOURCES TO SCHOOLS. D. COVID-19 PANDEMIC RELIEF: DCPS STUDENTS AND FAMILIES, ESPECIALLY THOSE FURTHEST FROM OPPORTUNITY, WERE DISPROPORTIONATELY AFFECTED BY COVID-19. DCPEF RAISED MILLIONS OF DOLLARS TO PROVIDE BASIC NEED ITEMS AND CLOSE THE DIGITAL DIVIDE DURING THE PANDEMIC. E. DCPS BECOMING: DCPEF BUILT RESOURCES TO SUPPORT THE DCPS BECOMING PROGRAM. DEDICATED TO BUILDING ANTI-RACISM IN DCPS, THIS PROGRAM FOCUSES ON ELEVATING THE DISTRICT'S KNOWLEDGE AROUND RACIAL HEALING, BIAS TRAINING, CULTURAL COMPETENCE, AND THE SCIENCE OF LEARNING AND DEVELOPMENT AS KEY LEVERS TO DRIVE RACIAL EQUITY.
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IRS990/ProgSrvcAccomActy3Grp/Desc0INNOVATIVE CLASSROOMS AND SCHOOLS - PROVIDES RESOURCES TO DEVELOP INNOVATIVE PROJECTS IN CLASSROOMS AND SCHOOLS THAT WILL SUPPORT RIGOROUS CURRICULUM INSTRUCTION TO HELP ACCELERATE STUDENT ACHIEVEMENT. A. SCHOOL REDESIGN: THE SCHOOL REDESIGN PROGRAM IS DESIGNED TO RAPIDLY ACCELERATE PROGRESS IN TWO OF DCPS' LOWEST-PERFORMING SCHOOLS BY PARTNERING WITH FAMILIES AND COMMUNITIES TO SELECT, INCUBATE, AND IMPLEMENT A WHOLE- SCHOOL REDESIGN MODEL, TAKING A COMPREHENSIVE AND INTEGRATED APPROACH TO OVERHAULING ALL ASPECTS OF THE IDENTIFIED SCHOOLS. THE GOAL OF THIS PROGRAM IS TO DRAMATICALLY IMPROVE THESE SCHOOLS' PERFORMANCE WHILE ALSO REIMAGINING SCHOOL TO BETTER PREPARE STUDENTS FOR WORK AND LIFE IN THE 21ST CENTURY.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0ENGAGED STUDENTS AND FAMILIES - PROVIDES OPPORTUNITIES FOR STUDENTS, FAMILIES, AND COMMUNITIES TO BECOME MORE CONNECTED WITH THEIR SCHOOL.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT ANNUALLY REVIEWS ITS TAX POSITIONS AND HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS.
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0DC PUBLIC EDUCATION FUND STEWARDS PRIVATE FUNDS WITH UNCOMPROMISING FISCAL INTEGRITY BY MAINTAINING TIGHT DISBURSEMENT PROCESSES, MONITORING PROGRESS TOWARD GRANT-FUNDED PROGRAM GOALS, AND FACILITATING ONGOING COMMUNICATION WITH STAKEHOLDERS. DC PUBLIC EDUCATION FUND'S DISBURSEMENT PROCESS REQUIRES DETAILED INVOICES FROM VENDORS AND PAYMENTS ARE AUTHORIZED ONLY AFTER SIGNOFF FROM THE RELEVANT DCPS PROGRAM ADMINISTRATOR, APPROVAL BY TWO DC PUBLIC EDUCATION FUND AUTHORIZED REPRESENTATIVES, AND CONFIRMATION THAT THE INVOICE MATCHES EXECUTED CONTRACT TERMS AND/OR GRANT AGREEMENTS. THIS PROCESS ENSURES THAT FUNDS ARE SPENT EFFECTIVELY AND IN ACCORDANCE WITH GRANT TERMS. DC PUBLIC EDUCATION FUND MONITORS PROGRESS TOWARD MILESTONES AND PROJECT OUTCOMES THROUGH REGULAR COMMUNICATION AND CHECK-INS WITH DCPS STAFF. DC PUBLIC EDUCATION FUND THEN ASSUMES RESPONSIBILITY FOR REPORTING AND EVALUATION FUNCTIONS, PROVIDING REGULAR REPORTS TO FUNDING PARTNERS THAT DETAIL PROGRAM PROGRESS, ANY AGREED-UPON METRICS OR DELIVERABLES, AND BUDGET VS. ACTUALS.
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