Civic Intelligence

Partnership for Assessment of Readiness for College and Careers Inc

990 • Fiscal year 2016 • EIN 46-2081206

Jan 01, 2016 to Dec 31, 2016 • Filed on May 15, 2017

Organization ProfileWWW.PARCCONLINE.ORG

View Organization Page

1747 Pennsylvania Ave NWWashington, DC 20006

(202) 748-8100

Siviq Scores

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

Liabilities / Assets

59th percentile

0.33x

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

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

25th percentile

0.09x

Higher debt load relative to revenue than 25% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

15th percentile

-13%

Higher net margin than 15% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

85th percentile

$359,588

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

1st percentile

-52%

Faster asset growth than 1% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

2nd percentile

-72%

Faster revenue growth than 2% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$3,795,180

Down $4,032,203 (-52%) from 2015

Net Assets

Down

$2,559,044

Down $1,847,945 (-42%) from 2015

Liabilities

Down

$1,236,136

Down $2,184,258 (-64%) from 2015

Revenue And Expenses
Liabilities / Revenue25th percentileNet Margin15th percentile

Revenue

Down

$13,961,663

Down $36,225,556 (-72%) from 2015

Expenses

Down

$15,809,608

Down $35,235,049 (-69%) from 2015

Net Income

Down

-$1,847,945

Down $990,507 (-116%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$20M$15M$10M$5.0M$0Assets 2013: $444,468Liabilities 2013: $114,935Net Assets 2013: $329,5332013Assets 2014: $16,938,086Liabilities 2014: $11,673,659Net Assets 2014: $5,264,4272014Assets 2015: $7,827,383Liabilities 2015: $3,420,394Net Assets 2015: $4,406,9892015Assets 2016: $3,795,180Liabilities 2016: $1,236,136Net Assets 2016: $2,559,0442016Assets 2017: $6,556,550Liabilities 2017: $3,925,290Net Assets 2017: $2,631,2602017Assets 2018: $8,538,001Liabilities 2018: $5,010,231Net Assets 2018: $3,527,7702018Assets 2019: $9,160,069Liabilities 2019: $5,081,795Net Assets 2019: $4,078,2742019Assets 2020: $171,898Liabilities 2020: $197Net Assets 2020: $171,7012020Assets 2021: $787Liabilities 2021: $197Net Assets 2021: $5902021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2016

Assets$3,795,180
Liabilities$1,236,136
Net Assets$2,559,044
Open 2016 Filing

Operations Trend

Revenue Growth2nd percentile

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

$80M$60M$40M$20M$0-$20MRevenue 2013: $1,159,003Expenses 2013: $829,470Net Income 2013: $329,5332013Revenue 2014: $72,205,984Expenses 2014: $67,271,090Net Income 2014: $4,934,8942014Revenue 2015: $50,187,219Expenses 2015: $51,044,657Net Income 2015: -$857,4382015Revenue 2016: $13,961,663Expenses 2016: $15,809,608Net Income 2016: -$1,847,9452016Revenue 2017: $4,411,164Expenses 2017: $4,338,948Net Income 2017: $72,2162017Revenue 2018: $1,943,626Expenses 2018: $1,047,116Net Income 2018: $896,5102018Revenue 2019: $612,998Expenses 2019: $62,494Net Income 2019: $550,5042019Revenue 2020: $557,453Expenses 2020: $4,464,026Net Income 2020: -$3,906,5732020Revenue 2021: $0Expenses 2021: $171,111Net Income 2021: -$171,1112021Revenue 2022: $0Expenses 2022: $590Net Income 2022: -$5902022

Highlighted filing

2016

Revenue$13,961,663
Expenses$15,809,608
Net Income-$1,847,945
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 15, 2017
Return Version
2016v3.0
Gross Receipts
$13,961,663
Mission and Program Overview

Mission

Support States and other education entities in developing and implementing assessments and other related tools to help ensure all students are ready for college and careers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$2,913,461$3,014,348▲ $100,887
Savings and Temporary Cash Investments$2,225,850$583,132▼ $1,642,718
Prepaid Expenses and Deferred Charges$2,627,365$148,825▼ $2,478,540
Land, Buildings, and Equipment, Net$60,707$48,875▼ $11,832
Total Assets$7,827,383$3,795,180▼ $4,032,203
Liabilities
Accounts Payable and Accrued Expenses$3,420,394$1,015,304▼ $2,405,090
Deferred Revenue-$220,832-
Total Liabilities$3,420,394$1,236,136▼ $2,184,258
Net Assets / Fund Balance
Unrestricted Net Assets$4,406,989$2,559,044▼ $1,847,945
Total Net Assets Fund Balance$4,406,989$2,559,044▼ $1,847,945
Total Liabilities and Net Assets / Fund Balance$7,827,383$3,795,180▼ $4,032,203

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$38,971$16,513$55,484
Equipment$9,904$3,015$12,919
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laura M SloverChief Executive OfficerFT$271,668$87,920$359,588
Christyan P MitchellSenior Director, Summative AssessmentFT$214,276$36,694$250,970
Christyan P MitchellSenior Director, Summative Assessmen-$214,276$36,694$250,970
Helene DuvinChief Strategy OfficerFT$217,093$32,804$249,897
Jeffrey NellhausChief of AssessmentFT$223,017$24,508$247,525
Jeffrey S CuffVice President, Technology Development & OperationFT$205,670$37,267$242,937
Jeffrey S CuffVice President, Technology Developme-$205,670$37,267$242,937
Alison J SchlesingerVice President, Post-secondaryFT$200,633$38,026$238,659
Mike J NosilCfaoFT$180,632$40,237$220,869
Lesley Ann MuldoonChief of StaffFT$167,595$33,427$201,022

Board Members and Trustees

NameTitle
Paul PastorekBoard Chair
Gene WilhoitBoard Member
Paul LingenfelterBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Arnold & Porter LLPLegal Services601 MASSACHUSETTS AVE NW, Washington, DC 20001, Ei$477,879
Ncs Pearson INCIt Development13036 COLLECTION CENTER DRIVE, Chicago, IL 60603$379,266
Learnosity LtdAssessment SolutionPO BOX 9178, Uniondale, NY 11555$250,000
Amplify EducationIt DevelopmentPO BOX 49385, Athens, GA 20606$236,688
MetricologyWeb Services-$195,000
Revenue and Support

Revenue Composition

Contributions and Grants
$13,961,663
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$450,000
Change in Net Assets
$-1,847,945

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,961,663
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$13,961,663
Total Revenue per Form 990
$13,961,663
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,519,150
Salaries, Compensation, and Employee Benefits$7,290,458
Total Fundraising Expense$239,890
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$5,705,307$1,014,746$103,538$6,823,591
Comp Disqual Persons$2,258,221$401,647$40,982$2,700,850
Current Officers, Directors, Trustees, and Key Employees$2,039,664$362,775$37,015$2,439,454
Other Employee Benefits$1,025,408$182,379$18,609$1,226,396
Pension Plan Contributions$441,923$78,600$8,020$528,543
Fees for Services Legal$356,820$63,464$6,475$426,759
Travel$349,457$62,154$6,342$417,953
Occupancy$330,538$58,790$5,999$395,327
Payroll Taxes$330,445$58,773$5,997$395,215
Information Technology$129,974$23,117$2,359$155,450
Office Expenses$95,412$16,970$1,732$114,114
Fees for Services Accounting$29,807$5,302$541$35,650
Other Expenses$11,594$2,062$210$13,866
Depreciation Depletion$9,892$1,759$180$11,831
Total Functional Expenses$13,218,649$2,351,069$239,890$15,809,608

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$15,809,608
Total Expenses per Audited Statements$15,809,608
Total Expenses per Form 990$15,809,608
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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, Part VI, Section A, Line 8B

“There were no committees.”

Form 990, Part VI, Section B, Line 11B

“Management will review the form 990 and make available to the board before filing.”

Form 990, Part VI, Section B, Line 12C

“All employees shall complete and sign the parcc conflicts of interest disclosure form, at least annually, and submit it to human resources. A new disclosure form is required whenever there is a significant change. If human resources concludes there is no reasonable way to manage a conflict of interest, the employee may be prohibited from participating in activities conflicting with parcc's affairs.”

Form 990, Part VI, Section B, Line 15

“Parcc inc. Utilizes an independent third party to produce a market study of compensation.”

Form 990, Part VI, Section C, Line 19

“Parcc inc's public inspection file is available for review at its office or by mail at the request of the public.”

Filing and Contact Details

Filer

Filer Name
Parcc Inc
EIN
46-2081206
Phone
2027488100
Address
1747 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006

Signing Officer

Name
Laura Slover
Title
Chief Executive Officer
Phone
2027488100
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Slover
Formed
2013
Legal Domicile
Dc
Voting Board Members
3
Independent Board Members
3
Employees
62
Volunteers
3

Preparer

Firm
Sb & Company LLC
Address
200 INTERNATIONAL CIRCLE SUITE 5500, HUNT VALLEY, MD 21030
Preparer
Sheila Eichelberger
Phone
4105840060
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 13A

“DC”

FORM 990, PART XII, LINE 2C:

“The process has not changed from prior year.”

FORM 990, PART IX, LINE 11G:

“This amount represents contractual expenses.”

Financial Statement Notes

PART X, LINE 2:

“Parcc, inc. Is a not-for-profit organization exempt from federal income tax other than net unrelated business income tax under section 501(c)(3) of the internal revenue code and is recognized as such by the internal revenue service. The provisions included in accounting principles generally accepted in the united states of america provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entity'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. Parcc, inc. Performed an evaluation of uncertain tax positions as of december 31, 2016, and determined that there were no matters that would require recognition in the financial statements or, which may have any effect on its tax-exempt status. As of december 31, 2016, the statute of limitations for tax years 2013 through 2016 remains open with the u.s. Federal jurisdiction or the various states and local jurisdictions in which parcc, inc. Files tax returns. It is parcc, inc.'s policy to recognize interest and/or penalties related to uncertain tax positions, if any, in income tax expense.”

Raw XML AppendixShowing 400 of 627 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt4CFAO
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHIEF OF STAFF
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHIEF OF ASSESSMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHIEF STRATEGY OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt8SENIOR DIRECTOR, SUMMATIVE ASSESSMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE PRESIDENT, TECHNOLOGY DEVELOPMENT & OPERATION
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE PRESIDENT, POST-SECONDARY
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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
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IRS990/IndivRcvdGreaterThan100KCnt08
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt02359
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt023117
IRS990/InformationTechnologyGrp/ProgramServicesAmt0129974
IRS990/InformationTechnologyGrp/TotalAmt0155450
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt088
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt019528
IRS990/LandBldgEquipBasisNetGrp/BOYAmt060707
IRS990/LandBldgEquipBasisNetGrp/EOYAmt048875
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IRS990/LegalDomicileStateCd0DC
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SUPPORT STATES AND OTHER EDUCATION ENTITIES IN DEVELOPING AND IMPLEMENTING ASSESSMENTS AND OTHER RELATED TOOLS TO HELP ENSURE ALL STUDENTS ARE READY FOR COLLEGE AND CAREERS.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt02559044
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IRS990/NondeductibleContributionsInd00
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IRS990/OccupancyGrp/ManagementAndGeneralAmt058790
IRS990/OccupancyGrp/ProgramServicesAmt0330538
IRS990/OccupancyGrp/TotalAmt0395327
IRS990/OfficeExpensesGrp/FundraisingAmt01732
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt016970
IRS990/OfficeExpensesGrp/ProgramServicesAmt095412
IRS990/OfficeExpensesGrp/TotalAmt0114114
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IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt018609
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0182379
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01025408
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01226396
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc1EQUIPMENT EXPENSE
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/FundraisingAmt01136
IRS990/OtherExpensesGrp/FundraisingAmt1429
IRS990/OtherExpensesGrp/FundraisingAmt2326
IRS990/OtherExpensesGrp/FundraisingAmt3210
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt011130
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14201
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23200
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt32062
IRS990/OtherExpensesGrp/ProgramServicesAmt062578
IRS990/OtherExpensesGrp/ProgramServicesAmt123618
IRS990/OtherExpensesGrp/ProgramServicesAmt217991
IRS990/OtherExpensesGrp/ProgramServicesAmt311594
IRS990/OtherExpensesGrp/TotalAmt074844
IRS990/OtherExpensesGrp/TotalAmt128248
IRS990/OtherExpensesGrp/TotalAmt221517
IRS990/OtherExpensesGrp/TotalAmt313866
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt05997
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt058773
IRS990/PayrollTaxesGrp/ProgramServicesAmt0330445
IRS990/PayrollTaxesGrp/TotalAmt0395215
IRS990/PensionPlanContributionsGrp/FundraisingAmt08020
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt078600
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0441923
IRS990/PensionPlanContributionsGrp/TotalAmt0528543
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02913461
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt03014348
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02627365
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0148825
IRS990/PrincipalOfficerNm0LAURA SLOVER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE CONTENT EXPERTISE, UNDER STATE DIRECTION, TO ENSURE THAT ASSESMENTS ARE HIGH QUALITY AND REACH THEIR FULL POTENTIAL.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt05394504
IRS990/ProgSrvcAccomActy3Grp/Desc0CONDUCT AND OVERSEE RESEARCH, AT STATE DIRECTION, TO ENSURE THAT STATES' ASSESSMENTS VAILDLY MEASURE STUDENTS' ACADEMIC READINESS FOR ENTRY-LEVEL, CREDIT-BEARING COURSES WITHOUT NEED FOR REMEDIATION.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01961183
IRS990/ProgSrvcAccomActyOtherGrp/Desc0POLICY & RESEARCH
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt061092
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt050187219
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt044419368
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-857438
IRS990/PYSalariesCompEmpBnftPaidAmt06625289
IRS990/PYTotalExpensesAmt051044657
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt050187219
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-1847945
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt04586875
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02225850
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0583132
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt013961663
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt050239043
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt072205984
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01159003
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0137565693
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0137565693
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt013961663
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt050239043
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt072205984
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01159003
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0137565693
IRS990ScheduleA/TotalSupportAmt0137565693
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt09904
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03015
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012919
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt015809608
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt038971
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt016513
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt055484
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt013961663
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PARCC, INC. IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX OTHER THAN NET UNRELATED BUSINESS INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS RECOGNIZED AS SUCH BY THE INTERNAL REVENUE SERVICE. THE PROVISIONS INCLUDED IN ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'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. PARCC, INC. PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2016, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR, WHICH MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF DECEMBER 31, 2016, THE STATUTE OF LIMITATIONS FOR TAX YEARS 2013 THROUGH 2016 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH PARCC, INC. FILES TAX RETURNS. IT IS PARCC, INC.'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt015809608
IRS990ScheduleD/TotalRevenuePerForm990Amt013961663
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt013961663
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt015809608
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1180632
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2167595
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3223017
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt4217093
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt5214276
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt6205670
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt7200633
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount037500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,795,180
Liabilities
$1,236,136
Net assets
$2,559,044
Revenue
$13,961,663
Expenses
$15,809,608
Net income
-$1,847,945
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.17$0.17
2020Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$0.56$4.46$3.91
2019Detailed filing. Detailed filing data is available for this year.$9.16$5.08$4.08$0.61$0.06$0.55
2018Detailed filing. Detailed filing data is available for this year.$8.54$5.01$3.53$1.94$1.05$0.90
2017Detailed filing. Detailed filing data is available for this year.$6.56$3.93$2.63$4.41$4.34$0.07
2016Detailed filing. Detailed filing data is available for this year.$3.80$1.24$2.56$14.0$15.8$1.85
2015Detailed filing. Detailed filing data is available for this year.$7.83$3.42$4.41$50.2$51.0$0.86
2014Detailed filing. Detailed filing data is available for this year.$16.9$11.7$5.26$72.2$67.3$4.93
2013Detailed filing. Detailed filing data is available for this year.$0.44$0.11$0.33$1.16$0.83$0.33