Civic Intelligence

Educare DC

990 • Fiscal year 2015 • EIN 27-2481956

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 08, 2015

640 Anacostia Avenue NEWashington, DC 20019

(202) 727-5604

Siviq Scores

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

Liabilities / Assets

94th percentile

1.08x

Higher debt load relative to assets than 94% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

92nd percentile

3.91x

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

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

8th percentile

-26%

Higher net margin than 8% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

48th percentile

$166,667

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

31st percentile

-2.3%

Faster asset growth than 31% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

17th percentile

-14%

Faster revenue growth than 17% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Down

$14,580,258

Down $337,378 (-2.3%) from 2014

Net Assets

Down

-$1,164,174

Down $311,527 (-37%) from 2014

Liabilities

Down

$15,744,432

Down $25,851 (-0.2%) from 2014

Revenue

Down

$4,021,606

Down $659,202 (-14%) from 2014

Expenses

Up

$5,060,428

Up $1,075,316 (+27%) from 2014

Net Income

Down

-$1,038,822

Down $1,734,518 (-249%) from 2014

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2012: $231,779Liabilities 2012: $232,039Net Assets 2012: -$2602012Assets 2013: $14,298,180Liabilities 2013: $15,846,523Net Assets 2013: -$1,548,3432013Assets 2014: $14,917,636Liabilities 2014: $15,770,283Net Assets 2014: -$852,6472014Assets 2015: $14,580,258Liabilities 2015: $15,744,432Net Assets 2015: -$1,164,1742015Assets 2016: $13,984,536Liabilities 2016: $15,399,468Net Assets 2016: -$1,414,9322016Assets 2017: $14,340,031Liabilities 2017: $15,216,775Net Assets 2017: -$876,7442017Assets 2018: $14,186,319Liabilities 2018: $15,276,526Net Assets 2018: -$1,090,2072018Assets 2019: $16,167,063Liabilities 2019: $15,312,467Net Assets 2019: $854,5962019Assets 2020: $17,946,496Liabilities 2020: $772,905Net Assets 2020: $17,173,5912020Assets 2021: $20,810,624Liabilities 2021: $2,275,299Net Assets 2021: $18,535,3252021Assets 2022: $21,365,239Liabilities 2022: $1,767,596Net Assets 2022: $19,597,6432022Assets 2023: $25,714,088Liabilities 2023: $5,840,533Net Assets 2023: $19,873,5552023Assets 2024: $27,177,922Liabilities 2024: $5,373,483Net Assets 2024: $21,804,4392024Assets 2025: $29,743,414Liabilities 2025: $5,528,264Net Assets 2025: $24,215,1502025

Highlighted filing

2015

Assets$14,580,258
Liabilities$15,744,432
Net Assets-$1,164,174

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2012: $562,0062012Expenses 2013: $4,404,1072013Revenue 2014: $4,680,808Expenses 2014: $3,985,112Net Income 2014: $695,6962014Revenue 2015: $4,021,606Expenses 2015: $5,060,428Net Income 2015: -$1,038,8222015Revenue 2016: $4,836,149Expenses 2016: $5,086,907Net Income 2016: -$250,7582016Revenue 2017: $6,057,729Expenses 2017: $5,519,541Net Income 2017: $538,1882017Revenue 2018: $5,319,003Expenses 2018: $5,532,466Net Income 2018: -$213,4632018Revenue 2019: $7,886,029Expenses 2019: $5,941,226Net Income 2019: $1,944,8032019Revenue 2020: $25,762,354Expenses 2020: $9,442,849Net Income 2020: $16,319,5052020Revenue 2021: $14,867,843Expenses 2021: $13,506,109Net Income 2021: $1,361,7342021Revenue 2022: $14,022,838Expenses 2022: $12,960,520Net Income 2022: $1,062,3182022Revenue 2023: $14,640,820Expenses 2023: $14,382,603Net Income 2023: $258,2172023Revenue 2024: $17,680,827Expenses 2024: $15,792,494Net Income 2024: $1,888,3332024Revenue 2025: $21,277,067Expenses 2025: $18,212,622Net Income 2025: $3,064,4452025

Highlighted filing

2015

Revenue$4,021,606
Expenses$5,060,428
Net Income-$1,038,822
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 8, 2015
Return Version
2014v6.0
Gross Receipts
$4,021,606
Mission and Program Overview

Mission

Educare dc's mission is to eliminate the opportunity gap for young children living in poverty and give them the skills necessary for success in kindergarten and beyond. We work at the intersection of practice, policy, and research to create a future (see schedule o) where all children, in particular children who are historically underserved can have access to high-quality early childhood education that unlocks their full potential.

Mission is to demonstrate that research-based early childhood education prevents the persistent achievement gap of our nation's most at-risk young children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,802,565$12,601,144▼ $201,421
Cash and Non-Interest-Bearing Accounts$166,586$506,111▲ $339,525
Prepaid Expenses and Deferred Charges$118,401$337,720▲ $219,319
Pledges and Grants Receivable$178,057$197,001▲ $18,944
Accounts Receivable$75,000--
Total Assets$15,377,286$14,580,258▼ $797,028
Other Assets Total$2,036,677$938,282▼ $1,098,395
Liabilities
Mortgage Notes Payable Secured by Investment Property$15,397,200$15,397,200→ $0
Accounts Payable and Accrued Expenses$280,143$347,232▲ $67,089
Other Liabilities$33,961--
Total Liabilities$15,711,304$15,744,432▲ $33,128
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,000,000--
Unrestricted Net Assets$-1,334,018$-1,164,174▲ $169,844
Total Net Assets Fund Balance$-334,018$-1,164,174▼ $830,156
Total Liabilities and Net Assets / Fund Balance$15,377,286$14,580,258▼ $797,028

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,955,411$483,974$11,439,385
Land$1,260,615-$1,260,615
Equipment$385,118$140,168$525,286
Other Assets Org$445,397--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Pyper Davis--$166,667$36,355$203,022
Pyper DavisPresidentFT$166,667-$166,667

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
UpoManagement Fees301 RHODE ISLAND AVE NW, Washington, DC 20009$488,807
University Of MdService Delivery StudyCHESAPEAKE BUILDING, College Park, MD 20742$189,605
Revenue and Support

Revenue Composition

Contributions and Grants
$3,863,896
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$157,710
All Other Contributions
$2,083,640
Change in Net Assets
$-1,038,822

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$48,248Fair Value of Services Rendered
Total Noncash Contributions1$48,248-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,021,606
Revenue Not Reported on Form 990
$251,449
Total Revenue per Audited Statements
$4,273,055
Total Revenue per Form 990
$4,021,606
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,221,166
Other Expenses$1,839,262
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,145,172$560,470$0$2,705,642
All Other Expenses$154,058$563,302$0$717,360
Other Employee Benefits$261,111$68,220$0$329,331
Depreciation Depletion$226,707$0$0$226,707
Interest$203,179$0$0$203,179
Payroll Taxes$147,623$38,570$0$186,193
Occupancy$125,829$32,713$0$158,542
Other Expenses$64,002$15,788$0$79,790
Insurance$0$29,905$0$29,905
Fees for Services Accounting$4,999$19,444$0$24,443
Travel$1,248$737$0$1,985
Total Functional Expenses$3,420,165$1,640,263$0$5,060,428

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,103,211
Expenses per Audited Statements$5,060,428
Total Expenses per Form 990$5,060,428
Expenses Not Reported on Form 990$42,783
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Common OfficerManagement/administrative ServicesNo$489,180
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Parties-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Filing and Contact Details

Filer

Filer Name
Educare Dc
EIN
27-2481956
Phone
2027275604
Address
640 ANACOSTIA AVENUE NE, WASHINGTON, DC 20019

Signing Officer

Name
Pyper Davis
Title
President
Phone
2027275604
Signed
2015-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pyper Davis
Formed
2010
Legal Domicile
Dc
Voting Board Members
12
Independent Board Members
10
Employees
53
Volunteers
0

Preparer

Firm
Eb Tax Service LLC
Address
817 A KING STREET SUITE 304, ALEXANDRIA, VA 22314
Preparer
Eric Bradshaw
Phone
2028980008
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The board of directors reviewed, commented and approved the form 990 before it was finalized and filed.

Pt VI, Line 12C

The policy addresses transactions and arrangements involving educare dc's directors, officers, members of any committee of educare dc's board of directors with authority to act on behalf of the board of directors, and educare dc's executive employees (e.g. Executive director, chief executive officer, chief financial officer, chief operating officer) and any other manager or supervisor identified by the board of directors or the president as execising substantial influence over the operations of educare dc. The policy identifies a potential conflict of interest with respect to a transaction or arrangement involving educare dc whenever he or she , or any of his or her family:

Pt VI, Line 12C

* receives compensation directly or indirectly from educare dc and the transaction or arrangment involves such compensation.

Pt VI, Line 12C

* has or anticipates having any financial interest, including ownership interest, investment interest, or compensation arrangement.

Pt VI, Line 12C

* management role-serves or anticipates serving as a director, trustee, or officer of any entity or individual that either:

Pt VI, Line 12C

(1) sells goods or services to, or purchases services from educare dc, or (2) has any other transaction or arrangement with educare dc.

Pt VI, Line 12C

* positions with grant applicant - serves or anticipates serving as a director, trustee, or officer of any entity that receives or seeks grant funding for educare, dc.

Pt VI, Line 12C

* financial relationships with grant applicants-has or anticipates having a financial relationship, including as an employee or a paid consultant, with the grant applicant. Conflicts of interest are reviewed by the president of the board and presented to the board of directors. Persons who disclose actual and potential conflicts and/or whom it has been identified that a conflict of interest exist recuses himself or herself from voting on any transaction or arrangement in which he or she has a potential or actual conflict of interest, and shall not be present when any such vote is taken.

Pt VI, Line 19

Organization's policy regarding making certain documents public-no documents available to the public.

Pt VI, Line 15A

Process for determining compensation of executive director was based on expertise of a retained search firm

Pt VI, Line 15A

That utilized comparable market data for salaries. The board of director reviewed and approved the candidate credentials and compensation.

Form 990, Part III, Line 4D

Other direct services: 1676294. 8269. 0.

Form 990, Part IX, Line 24F

Communication 15468. 30. 15438. 0. Equipment and maintenance 40148. 7032. 33116. 0. Other costs 12147. 69. 12078. 0. Management fees paid to upo 488807. 0. 488807. 0. Food service 146925. 140059. 6866. 0. Training and education 11873. 6868. 5005. 0. Parent services 1619. 0. 1619. 0. Salary reimbursement paid to upo 373. 0. 373. 0.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$29.7$5.53$24.2$21.3$18.2$3.06
2024Detailed filing. Detailed filing data is available for this year.$27.2$5.37$21.8$17.7$15.8$1.89
2023Detailed filing. Detailed filing data is available for this year.$25.7$5.84$19.9$14.6$14.4$0.26
2022Detailed filing. Detailed filing data is available for this year.$21.4$1.77$19.6$14.0$13.0$1.06
2021Detailed filing. Detailed filing data is available for this year.$20.8$2.28$18.5$14.9$13.5$1.36
2020Detailed filing. Detailed filing data is available for this year.$17.9$0.77$17.2$25.8$9.44$16.3
2019Detailed filing. Detailed filing data is available for this year.$16.2$15.3$0.85$7.89$5.94$1.94
2018Detailed filing. Detailed filing data is available for this year.$14.2$15.3$1.09$5.32$5.53$0.21
2017Detailed filing. Detailed filing data is available for this year.$14.3$15.2$0.88$6.06$5.52$0.54
2016Detailed filing. Detailed filing data is available for this year.$14.0$15.4$1.41$4.84$5.09$0.25
2015Detailed filing. Detailed filing data is available for this year.$14.6$15.7$1.16$4.02$5.06$1.04
2014Detailed filing. Detailed filing data is available for this year.$14.9$15.8$0.85$4.68$3.99$0.70
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.3$15.8$1.55$4.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.23$0.00$0.56