Civic Intelligence

Partnership for Assessment of Readiness for College and Careers Inc

990 • Fiscal year 2019 • EIN 46-2081206

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

1030 15th Street NW Suite 690 WWashington, DC 20005

(202) 748-8078

Siviq Scores

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

Liabilities / Assets

79th percentile

0.55x

Higher debt load relative to assets than 79% of similar nonprofits.

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

Liabilities / Revenue

96th percentile

8.29x

Higher debt load relative to revenue than 96% of similar nonprofits.

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

Net Margin

98th percentile

90%

Higher net margin than 98% of similar nonprofits.

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

Top Officer Pay

93rd percentile

$399,804

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 65.2% of source-year revenue.

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

Asset Growth

62nd percentile

7.3%

Faster asset growth than 62% of similar nonprofits.

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

Revenue Growth

3rd percentile

-68%

Faster revenue growth than 3% of similar nonprofits.

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

Assets

Up

$9,160,069

Up $622,068 (+7.3%) from 2018

Net Assets

Up

$4,078,274

Up $550,504 (+16%) from 2018

Liabilities

Up

$5,081,795

Up $71,564 (+1.4%) from 2018

Revenue

Down

$612,998

Down $1,330,628 (-68%) from 2018

Expenses

Down

$62,494

Down $984,622 (-94%) from 2018

Net Income

Down

$550,504

Down $346,006 (-39%) from 2018

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 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

2019

Assets$9,160,069
Liabilities$5,081,795
Net Assets$4,078,274

Operations Trend

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

2019

Revenue$612,998
Expenses$62,494
Net Income$550,504
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$612,998
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
Savings and Temporary Cash Investments$1,084,304--
Cash and Non-Interest-Bearing Accounts-$484,230-
Accounts Receivable$178,230--
Total Assets$8,538,001$9,160,069▲ $622,068
Other Assets Total$7,275,467$8,675,839▲ $1,400,372
Liabilities
Other Liabilities$5,010,033$5,081,597▲ $71,564
Accounts Payable and Accrued Expenses$197$198▲ $1
Deferred Revenue$1--
Total Liabilities$5,010,231$5,081,795▲ $71,564
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,527,770$4,078,274▲ $550,504
Total Net Assets Fund Balance$3,527,770$4,078,274▲ $550,504
Total Liabilities and Net Assets / Fund Balance$8,538,001$9,160,069▲ $622,068

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$8,675,839--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Allison BarrChief of Policy & Advocacy$139,024$139,024

Board Members and Trustees

NameTitle
Paul PastorekBoard Chair
Cornelia OrrBoard Member
Nasir QuadreeBoard Member
Roberts T JonesBoard Member
Roy RomerBoard Member
Laura M SloverChief Executive Director
Bonnie a HainCheifl Academic Officer
Margaret M HornChief Development Officer
Brett a FriedmanChief Financial Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$612,998
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$550,504
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$39,228
Salaries, Compensation, and Employee Benefits$23,266
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$37,735--$37,735
Other Salaries and Wages$15,976--$15,976
Other Employee Benefits$5,208--$5,208
Occupancy$1,493--$1,493
Payroll Taxes$1,353--$1,353
Pension Plan Contributions$729--$729
Total Functional Expenses$62,494$0$0$62,494
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 Centerpoint$5,081,597
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
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
2027488078
Address
1030 15TH STREET NW SUITE 690 W, WASHINGTON, DC 20005

Signing Officer

Name
Laura Slover
Title
Chief Executive Officer
Phone
2027488078
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Slover
Formed
2013
Legal Domicile
Dc
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
6

Preparer

Firm
Sb & Company LLC
Address
10200 GRAND CENTRAL AVE SUITE 250, OWINGS MILLS, MD 21117
Preparer
Christopher Lehman
Phone
4105842218
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other fees: program service expenses 37,735. Management and general expenses 0. Fundraising expenses 0. Total expenses 37,735.

FORM 990, PART XII, LINE 2C:

The process has not changed from prior year.

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, 2019, 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, 2019, the statute of limitations for tax years 2016 through 2019 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.

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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM CENTERPOINT
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO CENTERPOINT
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, 2019, 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, 2019, THE STATUTE OF LIMITATIONS FOR TAX YEARS 2016 THROUGH 2019 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/TotalLiabilityAmt05081597
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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
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IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1162762
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2161527
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3185693
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LAURA M SLOVER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1BRETT A FRIEDMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2MARGARET M HORN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3BONNIE A HAIN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHIEF EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CHIEF FINANCIAL OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2CHIEF DEVELOPMENT OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3CHEIFL ACADEMIC OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0399804
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1188480
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IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE WERE NO COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT WILL REVIEW THE FORM 990 AND MAKE AVAILABLE TO THE BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PARCC INC. UTILIZES AN INDEPENDENT THIRD PARTY TO PRODUCE A MARKET STUDY OF COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PARCC INC'S PUBLIC INSPECTION FILE IS AVAILABLE FOR REVIEW AT ITS OFFICE OR BY MAIL AT THE REQUEST OF THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER FEES: PROGRAM SERVICE EXPENSES 37,735. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 37,735.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
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IRS990ScheduleR/AssetSaleToOtherOrgInd00
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IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0814363814
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C) 3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0DC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CHARITABLE/ EDUCATIONAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01030 15TH STREET NW SUITE 690 W
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WASHINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0DC
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IRS990ScheduleR/PaidEmployeesSharingInd00
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IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
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IRS990ScheduleR/SharingOfFacilitiesInd00
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IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0INTERCOMPANY TRANSFER
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IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0S
IRS990ScheduleR/TransferFromOtherOrgInd01

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