Civic Intelligence

Richard Wright Public Charter School for Journalism and Media Arts

990 • Fiscal year 2019 • EIN 27-2713037

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 15, 2020

Refreshing map…

475 School Street SWWashington, DC 20024

(202) 388-1011

Siviq Scores

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

Liabilities / Assets

58th percentile

0.23x

Higher debt load relative to assets than 58% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

27th percentile

0.06x

Higher debt load relative to revenue than 27% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

70th percentile

12%

Higher net margin than 70% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

65th percentile

$157,232

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

94th percentile

56%

Faster asset growth than 94% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

71st percentile

14%

Faster revenue growth than 71% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,858,499

Up $667,123 (+56%) from 2018

Net Assets

Up

$1,438,324

Up $864,257 (+151%) from 2018

Liabilities

Down

$420,175

Down $197,134 (-32%) from 2018

Revenue

Up

$7,027,655

Up $843,788 (+14%) from 2018

Expenses

Up

$6,163,398

Up $404,677 (+7.0%) from 2018

Net Income

Up

$864,257

Up $439,111 (+103%) from 2018

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2014: $1,763,666Liabilities 2014: $676,276Net Assets 2014: $1,087,3902014Assets 2015: $1,286,844Liabilities 2015: $555,571Net Assets 2015: $731,2732015Assets 2016: $718,233Liabilities 2016: $823,423Net Assets 2016: -$105,1902016Assets 2017: $668,664Liabilities 2017: $519,743Net Assets 2017: $148,9212017Assets 2018: $1,191,376Liabilities 2018: $617,309Net Assets 2018: $574,0672018Assets 2019: $1,858,499Liabilities 2019: $420,175Net Assets 2019: $1,438,3242019Assets 2020: $13,714,913Liabilities 2020: $11,486,832Net Assets 2020: $2,228,0812020Assets 2021: $15,850,160Liabilities 2021: $13,415,466Net Assets 2021: $2,434,6942021Assets 2022: $15,874,690Liabilities 2022: $13,739,165Net Assets 2022: $2,135,5252022Assets 2023: $23,962,016Liabilities 2023: $21,508,995Net Assets 2023: $2,453,0212023Assets 2024: $23,285,107Liabilities 2024: $21,199,498Net Assets 2024: $2,085,6092024

Highlighted filing

2019

Assets$1,858,499
Liabilities$420,175
Net Assets$1,438,324

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2014: $6,054,843Expenses 2014: $5,742,063Net Income 2014: $312,7802014Revenue 2015: $6,691,196Expenses 2015: $7,047,313Net Income 2015: -$356,1172015Revenue 2016: $5,758,201Expenses 2016: $6,594,664Net Income 2016: -$836,4632016Revenue 2017: $6,419,656Expenses 2017: $6,165,545Net Income 2017: $254,1112017Revenue 2018: $6,183,867Expenses 2018: $5,758,721Net Income 2018: $425,1462018Revenue 2019: $7,027,655Expenses 2019: $6,163,398Net Income 2019: $864,2572019Revenue 2020: $8,240,745Expenses 2020: $7,450,988Net Income 2020: $789,7572020Revenue 2021: $8,376,682Expenses 2021: $8,170,069Net Income 2021: $206,6132021Revenue 2022: $9,037,763Expenses 2022: $9,336,932Net Income 2022: -$299,1692022Revenue 2023: $10,293,896Expenses 2023: $9,976,400Net Income 2023: $317,4962023Revenue 2024: $10,264,025Expenses 2024: $10,631,437Net Income 2024: -$367,4122024

Highlighted filing

2019

Revenue$7,027,655
Expenses$6,163,398
Net Income$864,257
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 15, 2020
Return Version
2018v3.2
Gross Receipts
$7,027,655
Mission and Program Overview

Mission

The mission of richard wright public charter school for journalism and media arts is to transform students in grades 8-12 into well-versed medial contributors by providing a student-centered environment that connects them to the classics and modern languages and a curriculum focused on strong writing skills and vocabulary.

The mission of richard wright public charter school for journalism and media arts is to transform students in grades 8-12 into well-versed medial contributors by providing a student-centered environment that connects them to the classic and modern languages and a curriculum focused on strong writing skills and vocabulary.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$125,087$1,013,555▲ $888,468
Accounts Receivable$58,956$180,408▲ $121,452
Pledges and Grants Receivable$220,213$131,489▼ $88,724
Cash and Non-Interest-Bearing Accounts$620,510$125,158▼ $495,352
Prepaid Expenses and Deferred Charges$4,253$90,080▲ $85,827
Land, Buildings, and Equipment, Net$90,007$39,947▼ $50,060
Total Assets$1,191,376$1,858,499▲ $667,123
Other Assets Total$72,350$277,862▲ $205,512
Liabilities
Accounts Payable and Accrued Expenses$585,320$409,154▼ $176,166
Other Liabilities$31,989$11,021▼ $20,968
Total Liabilities$617,309$420,175▼ $197,134
Net Assets / Fund Balance
Unrestricted Net Assets$574,067$1,438,324▲ $864,257
Total Net Assets Fund Balance$574,067$1,438,324▲ $864,257
Total Liabilities and Net Assets / Fund Balance$1,191,376$1,858,499▲ $667,123

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$38,655$900,155$938,810
Leasehold Improvements$1,292$398,989$400,281
Other Assets Org$277,862--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Marco ClarkHead of SchoFT$152,500$4,732$157,232
Dr Marco ClarkHead of School-$152,500$4,732$157,232
Alisha Roberts-charlesDirector ofFT$107,998$7,551$115,549

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
EdopsAcctg, Hr & Stu1611 CONNECTICUT AVE NW STE 200, Washington, DC 20009$179,739
Top Spanish Cafe & Catering INCFood Service3541 GEORGIA AVEUNE NW, Washington, DC 20010$160,375
Revenue and Support

Revenue Composition

Contributions and Grants
$636,812
Program Service Revenue
$6,390,773
Investment Income
$70
Other Revenue
$0
All Other Contributions
$49,242
Change in Net Assets
$864,257

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,027,655
Total Revenue per Audited Statements
$7,027,655
Total Revenue per Form 990
$7,027,655
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,237,955
Other Expenses$2,925,443
Total Fundraising Expense$35,968
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,286,271$131,766$18,532$2,436,569
Occupancy$1,195,365$76,800$8,453$1,280,618
Fees for Services Other$266,623$53,387-$320,010
Current Officers, Directors, Trustees, and Key Employees$296,352$17,079$2,403$315,834
Payroll Taxes$223,128$12,859$1,809$237,796
Other Employee Benefits$214,941$12,388$1,742$229,071
Information Technology$126,845$8,150$897$135,892
Fees for Services Legal$106,070--$106,070
Fees for Services Accounting-$105,070-$105,070
Depreciation Depletion$65,423$4,204$463$70,090
Travel$48,375$2,788-$51,163
Office Expenses$27,984$1,798$199$29,981
Other Expenses$19,866$1,276$140$21,282
Pension Plan Contributions$17,533$1,010$142$18,685
Insurance$17,022$1,094$120$18,236
Advertising$17,370--$17,370
All Other Expenses$11,653$2,702-$14,355
Interest$6,075$390$43$6,508
Total Functional Expenses$5,491,934$635,496$35,968$6,163,398

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,163,398
Total Expenses per Audited Statements$6,163,398
Total Expenses per Form 990$6,163,398
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease Payable$11,021
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 2

Obi holly carla holly trustee trustee husband and wife

Form 990, Page 6, Part VI, Line 11B

A draft of form 990 is prepared and distributed to top management, the contracted accountant, and the board chair. A list of any questions or concerns is reviewed with the preparer of the return and any necessary changes are made to the return prior to filing the final copy. Once the final version is completed, a copy is distributed to all board members for their records, and a signed copy is filed with the irs.

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

The board of trustees are required to sign a conflict of interest disclosure statement annually.

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

The executive committee reviews market comparables for the head of school and top management positions and develops compensation amounts based on these comparables. The executive committee conducts this process on an annual basis and approves salary amounts on an annual basis.

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

The head of school develops compensation amounts for management positions based on market comparables. These salary amounts are approved on an annual basis.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Richard Wright Public Charter
EIN
27-2713037
Phone
2023881011
Address
475 SCHOOL STREET SW, WASHINGTON, DC 20024

Signing Officer

Name
Dr Marco Clark
Title
Head of School
Phone
2023881011
Signed
2020-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Marco Clark
Formed
2010
Legal Domicile
Dc
Voting Board Members
13
Independent Board Members
13
Employees
63

Preparer

Firm
Kendall Prebola and Jones LLC
Address
PO BOX 259, BEDFORD, PA 15522-0259
Preparer
Robert F Prebola CPA
Phone
8146231880
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of richard wright public charter school for journalism and media arts is to transform students in grades 8-12 into well-versed medial contributors by providing a student-centered environment that connects them to the classic and modern languages and a curriculum focused on strong writing skills and vocabulary.

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

Named after prominent african american novelist, richard wright, the charter school will emphasize the development of students' skills in communication and expression, while providing a comprehensive education that prepares students for college and career. The charter school has adopted the boston latin school framework for grades 8-12 and aligned the curriculum to dcps learning standards, where applicable. The boston latin model has proven to be successful for well over 300 years. The charter school will review its curriculum annually to ensure adherence to state and federal academic goals and to incorporate best practices from education research. Philosophy: the charter school will connect our students with the culture of the classic and modern languages, while enhancing their education through an exploration of journalism and media arts. The charter school believes in the following core values, which will be instilled by the administration and staff and demonstrated by students on a daily basis: o self-discipline o academic rigor o moral conviction o self-respect o positive energy

Financial Statement Notes

Schedule D, Page 3, Part X

Accounting principles generally accepted in the united states of america provide consistent guidance for the accounting for uncertainty in income taxes recognized in the charter school's financial statements and prescribe a threshold of "more likely than not" for recognition of tax positions taken or expected to be taken in a tax return. The charter school performed an evaluation of uncertain tax positions for the year ended june 30, 2019, and determined that there were no matters that would require recognition in the financial statements or that may have any effect on its tax-exempt status. As of june 30, 2019, the statute of limitations for tax years 2015 through 2017 remains open with the u.s. Federal jurisdiction or the various states and local jurisdictions in which the charter school files tax returns. It is the charter school's policy to recognize interest and/or penalties related to uncertain tax positions, if any, in income tax expense. As of june 30, 2019, the charter school had no accruals for interest and/or penalties.

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IRS990/Desc0NAMED AFTER PROMINENT AFRICAN AMERICAN NOVELIST, RICHARD WRIGHT, THE CHARTER SCHOOL WILL EMPHASIZE THE DEVELOPMENT OF STUDENTS' SKILLS IN COMMUNICATION AND EXPRESSION, WHILE PROVIDING A COMPREHENSIVE EDUCATION THAT PREPARES STUDENTS FOR COLLEGE AND CAREER. THE CHARTER SCHOOL HAS ADOPTED THE BOSTON LATIN SCHOOL FRAMEWORK FOR GRADES 8-12 AND ALIGNED THE CURRICULUM TO DCPS LEARNING STANDARDS, WHERE APPLICABLE. THE BOSTON LATIN MODEL HAS PROVEN TO BE SUCCESSFUL FOR WELL OVER 300 YEARS. THE CHARTER SCHOOL WILL REVIEW ITS CURRICULUM ANNUALLY TO ENSURE ADHERENCE TO STATE AND FEDERAL ACADEMIC GOALS AND TO INCORPORATE BEST PRACTICES FROM EDUCATION RESEARCH. PHILOSOPHY: THE CHARTER SCHOOL WILL CONNECT OUR STUDENTS WITH THE CULTURE OF THE CLASSIC AND MODERN LANGUAGES, WHILE ENHANCING THEIR EDUCATION THROUGH AN EXPLORATION OF JOURNALISM AND MEDIA ARTS. THE CHARTER SCHOOL BELIEVES IN THE FOLLOWING CORE VALUES, WHICH WILL BE INSTILLED BY THE ADMINISTRATION AND STAFF AND DEMONSTRATED BY STUDENTS ON A DAILY BASIS: O SELF-DISCIPLINE O ACADEMIC RIGOR O MORAL CONVICTION O SELF-RESPECT O POSITIVE ENERGY
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IRS990/MissionDesc0THE MISSION OF RICHARD WRIGHT PUBLIC CHARTER SCHOOL FOR JOURNALISM AND MEDIA ARTS IS TO TRANSFORM STUDENTS IN GRADES 8-12 INTO WELL-VERSED MEDIAL CONTRIBUTORS BY PROVIDING A STUDENT-CENTERED ENVIRONMENT THAT CONNECTS THEM TO THE CLASSIC AND MODERN LANGUAGES AND A CURRICULUM FOCUSED ON STRONG WRITING SKILLS AND VOCABULARY.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE CHARTER SCHOOL'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CHARTER SCHOOL PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2019, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF JUNE 30, 2019, THE STATUTE OF LIMITATIONS FOR TAX YEARS 2015 THROUGH 2017 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE CHARTER SCHOOL FILES TAX RETURNS. IT IS THE CHARTER SCHOOL'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. AS OF JUNE 30, 2019, THE CHARTER SCHOOL HAD NO ACCRUALS FOR INTEREST AND/OR PENALTIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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