Civic Intelligence

DC Public Education Fund

990 • Fiscal year 2023 • EIN 26-1607955

Oct 01, 2022 to Sep 30, 2023 • Filed on Jul 26, 2024

3407 14th St NWWashington, DC 20010

(202) 674-3753

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.25x

Higher debt load relative to assets than 53% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.43x

Higher debt load relative to revenue than 59% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

73rd percentile

16%

Higher net margin than 73% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

45th percentile

$238,192

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

84th percentile

29%

Faster asset growth than 84% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

93rd percentile

105%

Faster revenue growth than 93% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Up

$26,380,040

Up $5,998,671 (+29%) from 2022

Net Assets

Up

$19,679,672

Up $2,451,765 (+14%) from 2022

Liabilities

Up

$6,700,368

Up $3,546,906 (+112%) from 2022

Revenue

Up

$15,409,549

Up $7,894,441 (+105%) from 2022

Expenses

Up

$12,957,784

Up $4,982,224 (+62%) from 2022

Net Income

Up

$2,451,765

Up $2,912,217 (+632%) from 2022

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 2022: $20,381,369Liabilities 2022: $3,153,462Net Assets 2022: $17,227,9072022Assets 2023: $26,380,040Liabilities 2023: $6,700,368Net Assets 2023: $19,679,6722023Assets 2024: $17,300,490Liabilities 2024: $1,418,119Net Assets 2024: $15,882,3712024

Highlighted filing

2023

Assets$26,380,040
Liabilities$6,700,368
Net Assets$19,679,672

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 2022: $7,515,108Expenses 2022: $7,975,560Net Income 2022: -$460,4522022Revenue 2023: $15,409,549Expenses 2023: $12,957,784Net Income 2023: $2,451,7652023Revenue 2024: $6,398,065Expenses 2024: $10,195,366Net Income 2024: -$3,797,3012024

Highlighted filing

2023

Revenue$15,409,549
Expenses$12,957,784
Net Income$2,451,765
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Jul 26, 2024
Return Version
2022v5.0
Gross Receipts
$15,409,549
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 accountability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$15,978,962$20,563,421▲ $4,584,459
Pledges and Grants Receivable$4,370,280$5,778,751▲ $1,408,471
Prepaid Expenses and Deferred Charges$24,382$30,529▲ $6,147
Land, Buildings, and Equipment, Net$1,699$4,877▲ $3,178
Intangible Assets$5,746$2,462▼ $3,284
Cash and Non-Interest-Bearing Accounts$300--
Total Assets$20,381,369$26,380,040▲ $5,998,671
Liabilities
Accounts Payable and Accrued Expenses$3,153,462$6,700,368▲ $3,546,906
Total Liabilities$3,153,462$6,700,368▲ $3,546,906
Net Assets / Fund Balance
Net Assets With Donor Restrictions$17,098,758$18,997,471▲ $1,898,713
Net Assets Without Donor Restrictions$129,149$682,201▲ $553,052
Total Net Assets Fund Balance$17,227,907$19,679,672▲ $2,451,765
Total Liabilities and Net Assets / Fund Balance$20,381,369$26,380,040▲ $5,998,671

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,877$1,446$6,323
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Emily NixonSenior Managing DirectorFT$221,428$16,764$238,192
Emily Nixon--$174,115$64,077$238,192

Board Members and Trustees

NameTitle
Mark EINChairman
Jim KlinePresident & Executive Director (start 1/30/2023)
Amalie ReichblumDirector
Debbi JarvisDirector
Kevin DowneyDirector
Michela EnglishDirector
Thomas PennyDirector
Tom DavidsonDirector
Benjamin SotoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Turnaround For ChildrenDcps Program Support25 W 45TH ST 6TH FLR, New York, NY 10036$355,000
Tntp INCDcps Program Support500 7TH AVE 8TH FLR, New York, NY 10018$324,092
Leading AuthoritiesStanding Ovation Support1725 I ST NW STE 200, Washington, DC 20006$287,690
Give Better GroupDcps Program Support2022 COLUMBIA RD NW 106, Washington, DC 20009$137,789
Revenue and Support

Revenue Composition

Contributions and Grants
$14,879,925
Program Service Revenue
$0
Investment Income
$529,624
Other Revenue
$0
All Other Contributions
$14,879,925
Change in Net Assets
$2,451,765

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,409,549
Revenue Not Reported on Form 990
$51,249
Total Revenue per Audited Statements
$15,460,798
Total Revenue per Form 990
$15,409,549
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$6,197,604
Other Expenses$5,990,295
Salaries, Compensation, and Employee Benefits$769,885
Total Fundraising Expense$174,880
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$6,131,087--$6,131,087
Fees for Services Other$3,018,181$30,721$24,573$3,073,475
Conferences and Meetings$991,192$3,922$3,137$998,251
Travel$514,789$3,672$2,937$521,398
Current Officers, Directors, Trustees, and Key Employees$231,448$84,885$67,897$384,230
Office Expenses$333,091$1,893$1,516$336,500
Other Salaries and Wages$179,028$65,660$52,520$297,208
Information Technology$101,952$5,467$4,373$111,792
Fees for Services Accounting$0$75,075$0$75,075
Grants to Domestic Individuals$66,517--$66,517
Payroll Taxes$30,108$11,042$8,832$49,982
Other Employee Benefits$15,290$5,608$4,485$25,383
Pension Plan Contributions$7,880$2,890$2,312$13,082
Insurance$0$10,711$0$10,711
Advertising$5,750$0$0$5,750
Other Expenses$2,970$1,089$871$4,930
Depreciation Depletion$2,844$1,047$837$4,728
Total Functional Expenses$12,466,882$316,022$174,880$12,957,784

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$13,009,033
Expenses per Audited Statements$12,957,784
Total Expenses per Form 990$12,957,784
Expenses Not Reported on Form 990$51,249
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Dc Public SchoolsWashington, DC115Education Initiatives$5,870,586
Edquity IncBrooklyn, NY501(c)3Student Microgrants$225,000
American UniversityWashington, DC-Alumnus Scholarship$12,500
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 ST NW, WASHINGTON, DC 20010

Signing Officer

Name
Jim Kline
Title
President & Executive Director
Phone
2026743753
Signed
2024-07-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Kline
Formed
2007
Legal Domicile
Dc
Voting Board Members
8
Independent Board Members
8
Employees
6
Volunteers
8

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 they are 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 staff, with input by the strategy and compensation committee.

Pt VI, Line 19

All available upon request.

Form 990, Part III, Line 4D

Engaged students and families - provides opportunities 194301. 0. 0.

Form 990, Part III, Line 4D

Standing ovation for dc public schools: the dc public education fund's 437160. 80000. 0.

Form 990, Part IX, Line 11G

Dcpef operational support 90895. 89262. 907. 726.

Form 990, Part IX, Line 11G

Payroll processing fees 5662. 5560. 57. 45.

Form 990, Part IX, Line 11G

Dcps program support 2976918. 2923359. 29757. 23802.

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/Desc0EXCELLENT TEACHERS AND LEADERS - PROVIDES THE RESOURCES TO ATTRACT, RETAIN, DEVELOP, AND REWARD THE MOST EFFECTIVE EDUCATORS IN DC PUBLIC SCHOOLS. A. 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 PRACTICES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt8SENIOR MANAGING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT & EXECUTIVE DIRECTOR (START 1/30/2023)
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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 ACCOUNTABILITY.
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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. A. STRATEGIC PLANNING: DCPS IS EMBARKING ON CREATING ITS NEW STRATEGIC PLAN FOR 2023-2027 BY DOING EXTENSIVE COMMUNITY ENGAGEMENT, MEETING WITH STUDENTS, EDUCATORS, AND COMMUNITY MEMBERS TO BUILD A PLAN REFLECTIVE OF THEIR HOPES AND DREAMS FOR DCPS. DCPS SHARED ITS NEW STRATEGIC PLAN WHICH OUTLINES ITS NEW SET OF STRATEGIC PRIORITIES AND VISION FOR THE DISTRICT. B. 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. C. DCPS BECOMING: DCPS BECOMING IS ABOUT BUILDING ANTI-RACISM IN DCPS THROUGH CONSCIOUS EFFORTS AND DELIBERATE ACTIONS THAT PROVIDE EQUITABLE OPPORTUNITIES FOR ALL STUDENTS ON AN INDIVIDUAL AND SYSTEMIC LEVEL. A SIGNIFICANT LEVEL OF RESOURCES 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, ESPECIALLY IN HOW DCPS ADDRESSES MENTAL HEALTH. THIS INCLUDES TEACHERS, SCHOOL LEADERS, SCHOOL SUPPORT STAFF, CENTRAL OFFICE LEADERSHIP AND FAMILIES.
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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 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. B. DCPS PERSISTS: DCPS PERSISTS IS THE FIRST COLLEGE PERSISTENCE INITIATIVE LED BY A TRADITIONAL URBAN SCHOOL DISTRICT IN AMERICA. DCPS PERSISTS AIMS TO BOTH IMPROVE COLLEGE COMPLETION RATES FOR DCPS GRADUATES MOST AT-RISK OF NOT EARNING DEGREES TO INFLUENCE SYSTEMS AND OUTCOMES AT BOTH THE K-12 AND COLLEGE LEVELS.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0ENGAGED STUDENTS AND FAMILIES - PROVIDES OPPORTUNITIES FOR STUDENTS, FAMILIES, AND COMMUNITIES TO BECOME MORE CONNECTED WITH THEIR SCHOOL. A. BACK TO SCHOOL WITH JOY: THE FLAMBOYAN FOUNDATION AND DC PUBLIC EDUCATION FUND COLLABORATED AS PARTNERS TO ACHIEVE SPECIFIC OBJECTIVES AIMED AT ENHANCING THE EDUCATIONAL EXPERIENCE WITHIN DC PUBLIC SCHOOLS.
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