Civic Intelligence

Bdc a Public Charter School Inc.

990 • Fiscal year 2019 • EIN 45-3369822

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

410 8th Street NWWashington, DC 20004

(202) 808-0643

Siviq Scores

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

Liabilities / Assets

51st percentile

0.21x

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

18th percentile

0.05x

Higher debt load relative to revenue than 18% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

58th percentile

5.6%

Higher net margin than 58% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

13th percentile

$0

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

83rd percentile

19%

Faster asset growth than 83% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

65th percentile

9.4%

Faster revenue growth than 65% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Flat

$2,792,698

Flat from 2019

Net Assets

Flat

$2,203,595

Flat from 2019

Liabilities

Flat

$589,103

Flat from 2019

Revenue

Flat

$10,807,145

Flat from 2019

Expenses

Flat

$10,205,802

Flat from 2019

Net Income

Flat

$601,343

Flat from 2019

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: $141,305Liabilities 2012: $215,3342012Assets 2013: $873,863Liabilities 2013: $553,282Net Assets 2013: $320,5812013Assets 2014: $828,312Liabilities 2014: $822,779Net Assets 2014: $5,5332014Assets 2015: $673,700Liabilities 2015: $363,407Net Assets 2015: $310,2932015Assets 2016: $1,769,806Liabilities 2016: $376,710Net Assets 2016: $1,393,0962016Assets 2017: $1,819,912Liabilities 2017: $484,447Net Assets 2017: $1,335,4652017Assets 2018: $2,344,385Liabilities 2018: $742,133Net Assets 2018: $1,602,2522018Assets 2019: $2,792,698Liabilities 2019: $589,103Net Assets 2019: $2,203,5952019Assets 2019: $2,792,698Liabilities 2019: $589,103Net Assets 2019: $2,203,5952019Assets 2020: $3,310,751Liabilities 2020: $515,034Net Assets 2020: $2,795,7172020Assets 2021: $5,085,376Liabilities 2021: $661,117Net Assets 2021: $4,424,2592021Assets 2022: $6,612,597Liabilities 2022: $1,119,270Net Assets 2022: $5,493,3272022Assets 2023: $28,940,347Liabilities 2023: $29,859,218Net Assets 2023: -$918,8712023Assets 2024: $28,694,378Liabilities 2024: $28,368,613Net Assets 2024: $325,7652024

Highlighted filing

2019

Assets$2,792,698
Liabilities$589,103
Net Assets$2,203,595

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2012: $197,942Expenses 2012: $271,971Net Income 2012: -$74,0292012Expenses 2013: $6,021,7802013Revenue 2014: $7,548,450Expenses 2014: $7,863,498Net Income 2014: -$315,0482014Revenue 2015: $8,320,915Expenses 2015: $8,114,592Net Income 2015: $206,3232015Revenue 2016: $9,097,704Expenses 2016: $8,014,901Net Income 2016: $1,082,8032016Revenue 2017: $9,219,552Expenses 2017: $9,277,183Net Income 2017: -$57,6312017Revenue 2018: $9,878,939Expenses 2018: $9,612,152Net Income 2018: $266,7872018Revenue 2019: $10,807,145Expenses 2019: $10,205,802Net Income 2019: $601,3432019Revenue 2019: $10,807,145Expenses 2019: $10,205,802Net Income 2019: $601,3432019Revenue 2020: $11,181,085Expenses 2020: $10,588,963Net Income 2020: $592,1222020Revenue 2021: $12,257,470Expenses 2021: $10,628,928Net Income 2021: $1,628,5422021Revenue 2022: $13,066,357Expenses 2022: $11,997,289Net Income 2022: $1,069,0682022Revenue 2023: $14,034,958Expenses 2023: $13,632,920Net Income 2023: $402,0382023Revenue 2024: $16,351,436Expenses 2024: $15,106,800Net Income 2024: $1,244,6362024

Highlighted filing

2019

Revenue$10,807,145
Expenses$10,205,802
Net Income$601,343
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 1, 2020
Return Version
2018v3.2
Gross Receipts
$10,807,145
Mission and Program Overview

Mission

Basis dc will provide an accelerated liberal arts education at internationally competitive levels for all students. The rigorous college preparatory education at basis readies students for college admission process, helps them become eligible for scholarships, prepares them to prosper at top colleges, and enriches their lives.

The mission of basis dc is to empower students to achieve at globally competitive levels with a transformative academic program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,584,320$2,277,071▲ $692,751
Land, Buildings, and Equipment, Net$482,104$418,529▼ $63,575
Pledges and Grants Receivable$85,575$48,523▼ $37,052
Accounts Receivable$179,126$33,572▼ $145,554
Prepaid Expenses and Deferred Charges$11,885$13,628▲ $1,743
Total Assets$2,344,385$2,792,698▲ $448,313
Other Assets Total$1,375$1,375→ $0
Liabilities
Accounts Payable and Accrued Expenses$421,192$473,503▲ $52,311
Other Liabilities$309,104$115,600▼ $193,504
Deferred Revenue$11,837--
Total Liabilities$742,133$589,103▼ $153,030
Net Assets / Fund Balance
Unrestricted Net Assets$1,401,824$1,992,172▲ $590,348
Temporarily Rstr Net Assets$200,428$211,423▲ $10,995
Total Net Assets Fund Balance$1,602,252$2,203,595▲ $601,343
Total Liabilities and Net Assets / Fund Balance$2,344,385$2,792,698▲ $448,313

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$99,721$393,237$492,958
Leasehold Improvements$292,011$24,032$316,043
Other Land Buildings$26,797$238,742$265,539
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Basis Educational GroupLeased Employee7975 N HAYDEN ROAD SUITE B100, Scottsdale, AZ 85258$5,850,150
Basis Educational GroupManagement & Sc7975 N HAYDEN ROAD SUITE B100, Scottsdale, AZ 85258$1,297,447
Dc Public Charter School BoardAuthorizer Fee3333 14TH STREET NW 210, Washington, DC 20010$135,016
Preferred Meal Systems INCFood Service8152 SOLUTIONS CENTER, Chicago, IL 60677$123,873
Revenue and Support

Revenue Composition

Contributions and Grants
$372,548
Program Service Revenue
$10,424,656
Investment Income
$98
Other Revenue
$9,843
All Other Contributions
$201,040
Change in Net Assets
$601,343

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,807,145
Total Revenue per Audited Statements
$10,807,145
Total Revenue per Form 990
$10,807,145
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,833,956
Other Expenses$4,371,846
Total Fundraising Expense$37,793
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,611,326$257,441$22,439$4,891,206
Occupancy$1,971,566$105,735-$2,077,301
Fees for Services Management$1,179,206$118,241-$1,297,447
Payroll Taxes$383,813$21,428$1,868$407,109
Other Employee Benefits$374,893$20,930$1,824$397,647
Fees for Services Other$145,797$563$29$146,389
Pension Plan Contributions$130,098$7,263$633$137,994
Depreciation Depletion$103,453$4,058-$107,511
All Other Expenses$76,063$6,841$10,248$93,152
Office Expenses$68,959$3,695$644$73,298
Other Expenses$54,480$3,042-$57,522
Insurance$51,133$2,742-$53,875
Travel$39,316$2,106$108$41,530
Information Technology$25,117$1,347-$26,464
Fees for Services Accounting-$24,792-$24,792
Advertising$22,690--$22,690
Fees for Services Legal-$21,263-$21,263
Total Functional Expenses$9,561,668$606,341$37,793$10,205,802

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,205,802
Total Expenses per Audited Statements$10,205,802
Total Expenses per Form 990$10,205,802
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
Due to Basis Educational Group$67,033
Due to Basis Charter Schools$48,567
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
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Basis educational group is our educational management company which oversees all of our management duties.

Form 990, Page 6, Part VI, Line 6

As enacted by the articles of incorporation, basis dc has a sole member with voting rights as well as other rights and privileges as authorized by its governing documents. The sole member is basis charter schools, inc., a separately incorporated arizona not-for-profit 501(c)(3) organization that operates multiple charter schools.

Form 990, Page 6, Part VI, Line 7A

Basis charter schools, inc. Is the sole member of the organization. The board members are appointed by basis charter schools, inc. (the sole member/parent organization)

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

The executive director of basis dc reviews the draft of the form 990 as prepared by the auditors and recommends it to the full board of directors for acceptance, including possible revisions. Once accepted, the 990 return is executed by the executive director.

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

Board members complete a conflict of interest disclosure form identifying any relationships or circumstances which the board member believes could contribute to a conflict of interest. The disclosures are collected and used to monitor and enforce compliance. The organizations conflict of interest policy is included in the employee handbook and signed off by all employees. Enforcement is further monitored through the organizations internal controls.

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

Compensation for the executive director is determined by the member totaling 6,875 for the 2019/2020 school year, included in part ix, line 7.

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

Compensation for school leaders is determined by basis educational group, llc, an outside management company. The organizations leased payroll budget is presented annually to the board of directors for approval.

Form 990, Page 6, Part VI, Line 19

These documents and policies are provided upon request. In addition, the 990 information tax return and the organizations financial statements are available for public inspection on the website of the dc public charter school board.

Filing and Contact Details

Filer

Filer Name
Bdc a Public Charter School Inc
EIN
45-3369822
Phone
2028080643
Address
410 8TH STREET NW, WASHINGTON, DC 20004

Signing Officer

Name
Deanna Rowe
Title
Executive Director
Phone
2028080643
Signed
2020-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deanna Rowe
Formed
2011
Legal Domicile
Dc
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
9

Preparer

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

Additional Explanations

Form 990, Page 1, Part I, Line 6

Volunteers are board members that oversee the operations of the corporation including the operation of its charter school

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

Basis dc served 636 demographically diverse middle and high school students during the 2018-2019 school year. The basis curriculum is an internationally benchmarked academic program. The curriculum is designed to empower students to establish a deep foundation of disciplinary knowledge to fuel critical thinking, problem solving, and creativity.basis dc meets state academic standards and goes beyond at educating students at an internationally competitive level. A star framework was initiated to all public schools using multiple type of data to measure a school's performance in academic achievement, academic growth, english language proficiency, graduation rate and school environment. Basis washington dc scored 86.69% on middle school and 99.32% on high schools, and over-all score of 88.42%. Graduation rate is at 100%, compared to 75% in dc with a 100% sat college ready benchmark compared to 20% in dc.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization had no liability for uncertain tax positions under fin 48 (asc 740)

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHARTER SCHO
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IRS990/InsuranceGrp/ProgramServicesAmt051133
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IRS990/MissionDesc0THE MISSION OF BASIS DC IS TO EMPOWER STUDENTS TO ACHIEVE AT GLOBALLY COMPETITIVE LEVELS WITH A TRANSFORMATIVE ACADEMIC PROGRAM.
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt0397647
IRS990/OtherExpensesGrp/Desc0DIRECT STUDENT COSTS
IRS990/OtherExpensesGrp/Desc1FOOD SERVICES
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IRS990/PensionPlanContributionsGrp/FundraisingAmt0633
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IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0PER PUPIL FUNDING
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT ACTIVITY FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt010133560
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1291096
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1291096
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IRS990/PYContributionsGrantsAmt0340973
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IRS990/PYOtherExpensesAmt04265924
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IRS990/PYRevenuesLessExpensesAmt0266787
IRS990/PYSalariesCompEmpBnftPaidAmt05346228
IRS990/PYTotalExpensesAmt09612152
IRS990/PYTotalRevenueAmt09878939
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IRS990/ReconcilationRevenueExpnssAmt0601343
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt09843
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
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IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt010424656
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/BookValueAmt099721
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0393237
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0492958
IRS990ScheduleD/ExpensesSubtotalAmt010205802
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0292011
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt024032
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0316043
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt026797
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0238742
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0265539
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt067033
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt148567
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO BASIS EDUCATIONAL GROUP
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO BASIS CHARTER SCHOOLS
IRS990ScheduleD/RevenueSubtotalAmt010807145
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAD NO LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 (ASC 740)
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0418529
IRS990ScheduleD/TotalExpensesPerForm990Amt010205802
IRS990ScheduleD/TotalLiabilityAmt0115600
IRS990ScheduleD/TotalRevenuePerForm990Amt010807145
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010807145
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010205802
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PROVIDES ITS NON-DISCRIMINATORY POLICY IN A VARIETY OF PUBLICATIONS INCLUDING THE PARENT/STUDENT HANDBOOK AND WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IN ITS OPERATION AS A PUBLIC CHARTER SCHOOL, RECEIVES PER PUPIL FUNDING AND FEDERAL AND STATE FINANCIAL ASSISTANCE IN ACCORDANCE WITH THE LAW AND ASSOCIATED FUNDING SCHEDULES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOLUNTEERS ARE BOARD MEMBERS THAT OVERSEE THE OPERATIONS OF THE CORPORATION INCLUDING THE OPERATION OF ITS CHARTER SCHOOL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BASIS DC SERVED 636 DEMOGRAPHICALLY DIVERSE MIDDLE AND HIGH SCHOOL STUDENTS DURING THE 2018-2019 SCHOOL YEAR. THE BASIS CURRICULUM IS AN INTERNATIONALLY BENCHMARKED ACADEMIC PROGRAM. THE CURRICULUM IS DESIGNED TO EMPOWER STUDENTS TO ESTABLISH A DEEP FOUNDATION OF DISCIPLINARY KNOWLEDGE TO FUEL CRITICAL THINKING, PROBLEM SOLVING, AND CREATIVITY.BASIS DC MEETS STATE ACADEMIC STANDARDS AND GOES BEYOND AT EDUCATING STUDENTS AT AN INTERNATIONALLY COMPETITIVE LEVEL. A STAR FRAMEWORK WAS INITIATED TO ALL PUBLIC SCHOOLS USING MULTIPLE TYPE OF DATA TO MEASURE A SCHOOL'S PERFORMANCE IN ACADEMIC ACHIEVEMENT, ACADEMIC GROWTH, ENGLISH LANGUAGE PROFICIENCY, GRADUATION RATE AND SCHOOL ENVIRONMENT. BASIS WASHINGTON DC SCORED 86.69% ON MIDDLE SCHOOL AND 99.32% ON HIGH SCHOOLS, AND OVER-ALL SCORE OF 88.42%. GRADUATION RATE IS AT 100%, COMPARED TO 75% IN DC WITH A 100% SAT COLLEGE READY BENCHMARK COMPARED TO 20% IN DC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BASIS EDUCATIONAL GROUP IS OUR EDUCATIONAL MANAGEMENT COMPANY WHICH OVERSEES ALL OF OUR MANAGEMENT DUTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AS ENACTED BY THE ARTICLES OF INCORPORATION, BASIS DC HAS A SOLE MEMBER WITH VOTING RIGHTS AS WELL AS OTHER RIGHTS AND PRIVILEGES AS AUTHORIZED BY ITS GOVERNING DOCUMENTS. THE SOLE MEMBER IS BASIS CHARTER SCHOOLS, INC., A SEPARATELY INCORPORATED ARIZONA NOT-FOR-PROFIT 501(C)(3) ORGANIZATION THAT OPERATES MULTIPLE CHARTER SCHOOLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BASIS CHARTER SCHOOLS, INC. IS THE SOLE MEMBER OF THE ORGANIZATION. THE BOARD MEMBERS ARE APPOINTED BY BASIS CHARTER SCHOOLS, INC. (THE SOLE MEMBER/PARENT ORGANIZATION)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE EXECUTIVE DIRECTOR OF BASIS DC REVIEWS THE DRAFT OF THE FORM 990 AS PREPARED BY THE AUDITORS AND RECOMMENDS IT TO THE FULL BOARD OF DIRECTORS FOR ACCEPTANCE, INCLUDING POSSIBLE REVISIONS. ONCE ACCEPTED, THE 990 RETURN IS EXECUTED BY THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS OR CIRCUMSTANCES WHICH THE BOARD MEMBER BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST. THE DISCLOSURES ARE COLLECTED AND USED TO MONITOR AND ENFORCE COMPLIANCE. THE ORGANIZATIONS CONFLICT OF INTEREST POLICY IS INCLUDED IN THE EMPLOYEE HANDBOOK AND SIGNED OFF BY ALL EMPLOYEES. ENFORCEMENT IS FURTHER MONITORED THROUGH THE ORGANIZATIONS INTERNAL CONTROLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED BY THE MEMBER TOTALING 6,875 FOR THE 2019/2020 SCHOOL YEAR, INCLUDED IN PART IX, LINE 7.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8COMPENSATION FOR SCHOOL LEADERS IS DETERMINED BY BASIS EDUCATIONAL GROUP, LLC, AN OUTSIDE MANAGEMENT COMPANY. THE ORGANIZATIONS LEASED PAYROLL BUDGET IS PRESENTED ANNUALLY TO THE BOARD OF DIRECTORS FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THESE DOCUMENTS AND POLICIES ARE PROVIDED UPON REQUEST. IN ADDITION, THE 990 INFORMATION TAX RETURN AND THE ORGANIZATIONS FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION ON THE WEBSITE OF THE DC PUBLIC CHARTER SCHOOL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 6

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.7$28.4$0.33$16.4$15.1$1.24
2023Summary only. Only limited summary data is available for this year.$28.9$29.9$0.92$14.0$13.6$0.40
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.61$1.12$5.49$13.1$12.0$1.07
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.09$0.66$4.42$12.3$10.6$1.63
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.31$0.52$2.80$11.2$10.6$0.59
2019Detailed filing. Detailed filing data is available for this year.$2.79$0.59$2.20$10.8$10.2$0.60
2019Summary only. Only limited summary data is available for this year.$2.79$0.59$2.20$10.8$10.2$0.60
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.34$0.74$1.60$9.88$9.61$0.27
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.82$0.48$1.34$9.22$9.28$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.77$0.38$1.39$9.10$8.01$1.08
2015Detailed filing. Detailed filing data is available for this year.$0.67$0.36$0.31$8.32$8.11$0.21
2014Detailed filing. Detailed filing data is available for this year.$0.83$0.82$0.01$7.55$7.86$0.32
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.55$0.32$6.02
2012Summary only. Only limited summary data is available for this year.$0.14$0.22$0.20$0.27$0.07