Civic Intelligence

Inspired Teaching Demonstration Public Charter School

990 • Fiscal year 2014 • EIN 27-2618506

Jul 01, 2013 to Jun 30, 2014 • Filed on Dec 17, 2014

200 Douglas St NE20002

(202) 248-6825

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.13x

Higher debt load relative to assets than 52% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

34th percentile

0.05x

Higher debt load relative to revenue than 34% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

73rd percentile

14%

Higher net margin than 73% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

75th percentile

$112,778

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

93rd percentile

63%

Faster asset growth than 93% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$1,717,659

Up $663,104 (+63%) from 2013

Net Assets

Up

$1,498,232

Up $680,403 (+83%) from 2013

Liabilities

Down

$219,427

Down $17,299 (-7.3%) from 2013

Revenue

$4,725,155

No earlier filing loaded for comparison.

Expenses

Up

$4,044,752

Up $675,031 (+20%) from 2013

Net Income

$680,403

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2012: $754,179Liabilities 2012: $74,553Net Assets 2012: $679,6262012Assets 2013: $1,054,555Liabilities 2013: $236,726Net Assets 2013: $817,8292013Assets 2014: $1,717,659Liabilities 2014: $219,427Net Assets 2014: $1,498,2322014Assets 2015: $2,260,281Liabilities 2015: $96,983Net Assets 2015: $2,163,2982015Assets 2017: $3,061,825Liabilities 2017: $118,000Net Assets 2017: $2,943,8252017Assets 2018: $3,836,523Liabilities 2018: $389,721Net Assets 2018: $3,446,8022018Assets 2019: $4,954,506Liabilities 2019: $807,630Net Assets 2019: $4,146,8762019Assets 2020: $7,443,018Liabilities 2020: $1,642,350Net Assets 2020: $5,800,6682020Assets 2021: $9,105,600Liabilities 2021: $2,396,525Net Assets 2021: $6,709,0752021Assets 2022: $19,751,135Liabilities 2022: $12,553,503Net Assets 2022: $7,197,6322022

Highlighted filing

2014

Assets$1,717,659
Liabilities$219,427
Net Assets$1,498,232

Operations Trend

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

$15M$10M$5.0M$0Expenses 2012: $2,157,8522012Expenses 2013: $3,369,7212013Revenue 2014: $4,725,155Expenses 2014: $4,044,752Net Income 2014: $680,4032014Revenue 2015: $5,527,228Expenses 2015: $4,862,162Net Income 2015: $665,0662015Revenue 2017: $7,123,385Expenses 2017: $6,626,326Net Income 2017: $497,0592017Revenue 2018: $8,181,568Expenses 2018: $7,609,112Net Income 2018: $572,4562018Revenue 2019: $9,124,224Expenses 2019: $8,216,350Net Income 2019: $907,8742019Revenue 2020: $11,118,245Expenses 2020: $9,435,879Net Income 2020: $1,682,3662020Revenue 2021: $11,025,532Expenses 2021: $10,241,073Net Income 2021: $784,4592021Revenue 2022: $11,781,173Expenses 2022: $11,391,365Net Income 2022: $389,8082022

Highlighted filing

2014

Revenue$4,725,155
Expenses$4,044,752
Net Income$680,403
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Dec 17, 2014
Return Version
2013v3.1
Gross Receipts
$4,725,155
Mission and Program Overview

Mission

A professional learning community of master teachers and teacher residents who ensure that a diverse group of students achieve their potential as accomplished learners, thoughtful citizens, and imaginative and inquisitive problem solvers through a demanding, inquiry-based curriculum. The goals for our students are centered around four principles: intellect, inquiry, imagination and integrity.

Inspired teaching demonstration public charter school ensures that a diverse group of students achieve their potential as accomplished learners, thoughtful citizens, and imaginative and inquisitive problem-solvers through a demanding, inquiry-based curriculum. The goals for our students are centered around four principles: intellect, inquiry, imagination and integrity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$576,859$927,788▲ $350,929
Investments Other Securities-$375,152-
Pledges and Grants Receivable$69,093$287,096▲ $218,003
Land, Buildings, and Equipment, Net$309,390$85,510▼ $223,880
Prepaid Expenses and Deferred Charges$4,269$15,458▲ $11,189
Accounts Receivable$72,511$4,222▼ $68,289
Total Assets$1,054,555$1,717,659▲ $663,104
Other Assets Total$22,433$22,433→ $0
Liabilities
Accounts Payable and Accrued Expenses$236,726$219,427▼ $17,299
Total Liabilities$236,726$219,427▼ $17,299
Net Assets / Fund Balance
Unrestricted Net Assets$813,029$1,476,922▲ $663,893
Temporarily Rstr Net Assets$4,800$21,310▲ $16,510
Total Net Assets Fund Balance$817,829$1,498,232▲ $680,403
Total Liabilities and Net Assets / Fund Balance$1,054,555$1,717,659▲ $663,104

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$22,490$389,347$411,837
Equipment$27,158$41,009$68,167
Other Land Buildings$35,862$22,692$58,554
Other Securities$375,152--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Deborah WilliamsExecutive DiFT$112,778-$112,778
Zoe DuskinPrincipalFT$109,545-$109,545
Kate KeplingerChief Op OffFT$78,000$1,853$79,853

Board Members and Trustees

NameTitle
Gary CohenBoard Chair
Aleta MargolisBoard Member
Bonnie J BarhyteBoard Member
Gay CioffiBoard Member
Laurel WingateBoard Member
Lynne LongBoard Member
Marc FisherBoard Member
Carmen E JenkinsBoard Parent
Rebecca MccoyerBoard Parent
Eli SavitBoard Secret
Michael ReedBoard Treasu

Highest Paid Contractors

ContractorServicesLocationCompensation
Center For Inspired TeachingProf Develop-$126,750
Revenue and Support

Revenue Composition

Contributions and Grants
$4,628,903
Program Service Revenue
$95,470
Investment Income
$728
Other Revenue
$54
All Other Contributions
$69,881
Change in Net Assets
$680,403

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,725,155
Revenue Not Reported on Form 990
$31,268
Total Revenue per Audited Statements
$4,756,423
Total Revenue per Form 990
$4,725,155
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,235,536
Other Expenses$1,809,216
Total Fundraising Expense$21,681
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,590,444$182,472-$1,772,916
Occupancy$731,122$11,934-$743,056
Depreciation Depletion$233,793$6,268-$240,061
Current Officers, Directors, Trustees, and Key Employees$181,887$20,872-$202,759
Conferences and Meetings$157,426$630-$158,056
Payroll Taxes$139,305$16,368-$155,673
Fees for Services Accounting$6,602$91,449-$98,051
Other Employee Benefits$86,104$10,117-$96,221
Office Expenses$35,497$4,171-$39,668
Fees for Services Other$17,904$5,019$15,859$38,782
Information Technology$25,702$3,020-$28,722
Other Expenses$32,852$23,948-$23,948
All Other Expenses$1,272$8,972$5,822$16,066
Insurance$9,554$1,122-$10,676
Pension Plan Contributions$7,129$838-$7,967
Fees for Services Legal$476$6,601-$7,077
Travel$395$35-$430
Total Functional Expenses$3,628,864$394,207$21,681$4,044,752

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,076,020
Expenses per Audited Statements$4,044,752
Total Expenses per Form 990$4,044,752
Expenses Not Reported on Form 990$31,268
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 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, Page 6, Part VI, Line 11B

The form 990 not-for-profit information tax return is processed by an outsourced consultant. Once prepared, a draft of the tax return is provided to the executive director of the public charter school as well as the outsourced bookkeeper. Any items which require further discussion are addressed in this draft phase. Once all items have been adequately addressed by the executive director, the draft is then forwarded onto the finance committee of the board of directors. Any concerns from the finance committee are addressed and then the executive director authorizes the filing with the internal revenue service. Once filed, a copy of the 990 tax return is provided to the full board at which time it is approved at the next regularly scheduled meeting.

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

Annually, board members and key staff complete a conflict of interest disclosure form identifying any relationships or circumstances which the board or key staff believe could contribute to a conflict of interest. A. Prior to board action on a contract or other transaction involving a conflict of interest, a board member having a conflict of interest shall disclose all facts material to the conflict of interest. Such disclosure shall be reflected in the minutes. B. A person who has a conflict of interest shall not participate in the decision except to disclose material facts and to respond to questions. C. A person who has a conflict of interest may not vote on the contract or transaction. D. Key staff members who have a conflict of interest with respect to a contract or transaction that is not the subject of board action shall disclose to the executive director any such conflict of interest. That staff member shall refrain from any action that may affect the charter school's participation in such contract or transaction.

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

Executive director - the founding board of directors reviewed salaries of executive directors of other public charter schools based in the district of columbia as well as benchmarks published by the association of charter schools. The board of directors approved the executive director's annual compensation prior to employment at a scheduled board meeting.

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

Other key employees - the executive director, acting under compensation guidelines established by the board of directors evaluates positions and performance of the staff. Salaries are set based on comparisons from similar organizations.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

EIN
27-2618506
Phone
2022486825

Signing Officer

Name
Deborah Williams
Title
Executive Director
Phone
2022486825
Signed
2014-12-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deborah Williams
Formed
2010
Legal Domicile
Dc
Voting Board Members
11
Independent Board Members
11
Employees
59
Volunteers
58

Preparer

Preparer
Brian D Mcquade
Phone
2022963306
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Inspired teaching demonstration public charter school ensures that a diverse group of students achieve their potential as accomplished learners, thoughtful citizens, and imaginative and inquisitive problem-solvers through a demanding, inquiry-based curriculum. The goals for our students are centered around four principles: intellect, inquiry, imagination and integrity.

Form 990, Page 2, Part III, Line 4A

Dc's teachers and students since 1995, with the goal of ensuring that teachers make the most of childrens innate desire to learn.

Financial Statement Notes

Schedule D, Page 3, Part X

The school has adopted the accounting for uncertainty in income taxes as required by the income taxes topic (topic 740) of fasb accounting standards codification. The school has analyzed its tax positions, and has concluded that no liability for unrecognized tax benefits should be recorded related to any uncertain tax positions taken in its 2013 tax return. The school is not aware of any tax positions for which it believes that there is a reasonable possibility that the total amounts of unrecognized tax benefits will change materially in the next twelve months.

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IRS990/MissionDesc0INSPIRED TEACHING DEMONSTRATION PUBLIC CHARTER SCHOOL ENSURES THAT A DIVERSE GROUP OF STUDENTS ACHIEVE THEIR POTENTIAL AS ACCOMPLISHED LEARNERS, THOUGHTFUL CITIZENS, AND IMAGINATIVE AND INQUISITIVE PROBLEM-SOLVERS THROUGH A DEMANDING, INQUIRY-BASED CURRICULUM. THE GOALS FOR OUR STUDENTS ARE CENTERED AROUND FOUR PRINCIPLES: INTELLECT, INQUIRY, IMAGINATION AND INTEGRITY.
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IRS990/PrincipalOfficerNm0DEBORAH WILLIAMS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HAS ADOPTED THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AS REQUIRED BY THE INCOME TAXES TOPIC (TOPIC 740) OF FASB ACCOUNTING STANDARDS CODIFICATION. THE SCHOOL HAS ANALYZED ITS TAX POSITIONS, AND HAS CONCLUDED THAT NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS SHOULD BE RECORDED RELATED TO ANY UNCERTAIN TAX POSITIONS TAKEN IN ITS 2013 TAX RETURN. THE SCHOOL IS NOT AWARE OF ANY TAX POSITIONS FOR WHICH IT BELIEVES THAT THERE IS A REASONABLE POSSIBILITY THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL CHANGE MATERIALLY IN THE NEXT TWELVE MONTHS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS A PUBLIC CHARTER SCHOOL AND IS OPERATING UNDER A CONTRACT WITH THE D.C. GOVERNMENT. REVENUE PROCEDURE 75-50 DOES NOT APPLY TO CHARTER SCHOOLS. ALL MATERIALS INCLUDE A STATEMENT OF NONDISCRIMINATORY PRACTICES AND ALL PRESENTATIONS ANNOUNCEMENTS, IN WRITING OR BROADCAST INCLUDE THE STATEMENT OF NONDISCRIMINATORY PRACTICES IN ORDER TO MAKE SUCH KNOWN TO THE GENERAL COMMUNITY.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL IS A PUBLIC CHARTER SCHOOL AND IS OPERATING UNDER A CONTRACT WITH THE D.C. GOVERNMENT. REVENUE PROCEDURE 75-50 DOES NOT APPLY TO CHARTER SCHOOLS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE INSPIRED TEACHING DEMONSTRATION PUBLIC CHARTER SCHOOL RECEIVES PUBLIC FUNDS FROM THE D.C. GOVERNMENT BASED ON THE NUMBER OF STUDENTS THEY ENROLL ACCORDING TO THE UNIFORM PER STUDENT FUNDING FORMULA DEVELOPED BY THE MAYOR AND CITY COUNCIL. THIS PER PUPIL ALLOCATION IS SUPPLEMENTED WITH ADDITIONAL FUNDS FOR STUDENTS WITH SPECIAL NEEDS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INSPIRED TEACHING DEMONSTRATION PUBLIC CHARTER SCHOOL ENSURES THAT A DIVERSE GROUP OF STUDENTS ACHIEVE THEIR POTENTIAL AS ACCOMPLISHED LEARNERS, THOUGHTFUL CITIZENS, AND IMAGINATIVE AND INQUISITIVE PROBLEM-SOLVERS THROUGH A DEMANDING, INQUIRY-BASED CURRICULUM. THE GOALS FOR OUR STUDENTS ARE CENTERED AROUND FOUR PRINCIPLES: INTELLECT, INQUIRY, IMAGINATION AND INTEGRITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DC'S TEACHERS AND STUDENTS SINCE 1995, WITH THE GOAL OF ENSURING THAT TEACHERS MAKE THE MOST OF CHILDRENS INNATE DESIRE TO LEARN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 NOT-FOR-PROFIT INFORMATION TAX RETURN IS PROCESSED BY AN OUTSOURCED CONSULTANT. ONCE PREPARED, A DRAFT OF THE TAX RETURN IS PROVIDED TO THE EXECUTIVE DIRECTOR OF THE PUBLIC CHARTER SCHOOL AS WELL AS THE OUTSOURCED BOOKKEEPER. ANY ITEMS WHICH REQUIRE FURTHER DISCUSSION ARE ADDRESSED IN THIS DRAFT PHASE. ONCE ALL ITEMS HAVE BEEN ADEQUATELY ADDRESSED BY THE EXECUTIVE DIRECTOR, THE DRAFT IS THEN FORWARDED ONTO THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS. ANY CONCERNS FROM THE FINANCE COMMITTEE ARE ADDRESSED AND THEN THE EXECUTIVE DIRECTOR AUTHORIZES THE FILING WITH THE INTERNAL REVENUE SERVICE. ONCE FILED, A COPY OF THE 990 TAX RETURN IS PROVIDED TO THE FULL BOARD AT WHICH TIME IT IS APPROVED AT THE NEXT REGULARLY SCHEDULED MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUALLY, BOARD MEMBERS AND KEY STAFF COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS OR CIRCUMSTANCES WHICH THE BOARD OR KEY STAFF BELIEVE COULD CONTRIBUTE TO A CONFLICT OF INTEREST. A. PRIOR TO BOARD ACTION ON A CONTRACT OR OTHER TRANSACTION INVOLVING A CONFLICT OF INTEREST, A BOARD MEMBER HAVING A CONFLICT OF INTEREST SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. SUCH DISCLOSURE SHALL BE REFLECTED IN THE MINUTES. B. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN THE DECISION EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. C. A PERSON WHO HAS A CONFLICT OF INTEREST MAY NOT VOTE ON THE CONTRACT OR TRANSACTION. D. KEY STAFF MEMBERS WHO HAVE A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT IS NOT THE SUBJECT OF BOARD ACTION SHALL DISCLOSE TO THE EXECUTIVE DIRECTOR ANY SUCH CONFLICT OF INTEREST. THAT STAFF MEMBER SHALL REFRAIN FROM ANY ACTION THAT MAY AFFECT THE CHARTER SCHOOL'S PARTICIPATION IN SUCH CONTRACT OR TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EXECUTIVE DIRECTOR - THE FOUNDING BOARD OF DIRECTORS REVIEWED SALARIES OF EXECUTIVE DIRECTORS OF OTHER PUBLIC CHARTER SCHOOLS BASED IN THE DISTRICT OF COLUMBIA AS WELL AS BENCHMARKS PUBLISHED BY THE ASSOCIATION OF CHARTER SCHOOLS. THE BOARD OF DIRECTORS APPROVED THE EXECUTIVE DIRECTOR'S ANNUAL COMPENSATION PRIOR TO EMPLOYMENT AT A SCHEDULED BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER KEY EMPLOYEES - THE EXECUTIVE DIRECTOR, ACTING UNDER COMPENSATION GUIDELINES ESTABLISHED BY THE BOARD OF DIRECTORS EVALUATES POSITIONS AND PERFORMANCE OF THE STAFF. SALARIES ARE SET BASED ON COMPARISONS FROM SIMILAR ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
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 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19

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