Civic Intelligence

The Next Step Public Charter School

990 • Fiscal year 2017 • EIN 52-2103442

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 07, 2018

3047 15th Street NWWashington, DC 20009

(202) 319-2249

Siviq Scores

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

Liabilities / Assets

64th percentile

0.37x

Higher debt load relative to assets than 64% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

77th percentile

0.88x

Higher debt load relative to revenue than 77% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

79th percentile

21%

Higher net margin than 79% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

40th percentile

$148,030

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

62nd percentile

8.0%

Faster asset growth than 62% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

45th percentile

3.3%

Faster revenue growth than 45% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$20,821,551

Up $1,545,122 (+8.0%) from 2016

Net Assets

Up

$13,090,418

Up $2,163,679 (+20%) from 2016

Liabilities

Down

$7,731,133

Down $618,557 (-7.4%) from 2016

Revenue

Up

$8,810,720

Up $277,792 (+3.3%) from 2016

Expenses

Up

$6,920,289

Up $619,207 (+9.8%) from 2016

Net Income

Down

$1,890,431

Down $341,415 (-15%) from 2016

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $1,629,372Liabilities 2011: $326,617Net Assets 2011: $1,302,7552011Assets 2012: $10,751,011Liabilities 2012: $8,562,210Net Assets 2012: $2,188,8012012Assets 2013: $12,448,807Liabilities 2013: $8,269,228Net Assets 2013: $4,179,5792013Assets 2014: $14,530,773Liabilities 2014: $8,427,906Net Assets 2014: $6,102,8672014Assets 2015: $17,207,065Liabilities 2015: $8,307,852Net Assets 2015: $8,899,2132015Assets 2016: $19,276,429Liabilities 2016: $8,349,690Net Assets 2016: $10,926,7392016Assets 2017: $20,821,551Liabilities 2017: $7,731,133Net Assets 2017: $13,090,4182017Assets 2018: $22,035,271Liabilities 2018: $7,477,043Net Assets 2018: $14,558,2282018Assets 2019: $20,242,514Liabilities 2019: $6,241,295Net Assets 2019: $14,001,2192019Assets 2020: $15,900,666Liabilities 2020: $835,118Net Assets 2020: $15,065,5482020Assets 2021: $17,496,512Liabilities 2021: $598,339Net Assets 2021: $16,898,1732021Assets 2022: $19,225,814Liabilities 2022: $564,394Net Assets 2022: $18,661,4202022Assets 2023: $23,662,831Liabilities 2023: $898,907Net Assets 2023: $22,763,9242023Assets 2024: $26,541,448Liabilities 2024: $944,184Net Assets 2024: $25,597,2642024

Highlighted filing

2017

Assets$20,821,551
Liabilities$7,731,133
Net Assets$13,090,418

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $2,312,3162011Expenses 2012: $2,625,4542012Revenue 2013: $5,735,194Expenses 2013: $3,744,416Net Income 2013: $1,990,7782013Revenue 2014: $6,099,294Expenses 2014: $4,173,492Net Income 2014: $1,925,8022014Revenue 2015: $8,111,206Expenses 2015: $5,101,117Net Income 2015: $3,010,0892015Revenue 2016: $8,532,928Expenses 2016: $6,301,082Net Income 2016: $2,231,8462016Revenue 2017: $8,810,720Expenses 2017: $6,920,289Net Income 2017: $1,890,4312017Revenue 2018: $10,038,645Expenses 2018: $8,745,393Net Income 2018: $1,293,2522018Revenue 2019: $8,683,487Expenses 2019: $9,125,345Net Income 2019: -$441,8582019Revenue 2020: $10,508,603Expenses 2020: $9,529,681Net Income 2020: $978,9222020Revenue 2021: $10,453,807Expenses 2021: $8,621,182Net Income 2021: $1,832,6252021Revenue 2022: $10,187,051Expenses 2022: $8,423,804Net Income 2022: $1,763,2472022Revenue 2023: $12,905,494Expenses 2023: $8,802,990Net Income 2023: $4,102,5042023Revenue 2024: $12,400,079Expenses 2024: $9,566,739Net Income 2024: $2,833,3402024

Highlighted filing

2017

Revenue$8,810,720
Expenses$6,920,289
Net Income$1,890,431
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 7, 2018
Return Version
2016v3.0
Gross Receipts
$9,309,987
Mission and Program Overview

Mission

To provide students who face extraordinary challenges and who are not supported in traditional high schools the opportunity to continue their education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$9,443,789$11,821,255▲ $2,377,466
Land, Buildings, and Equipment, Net$9,098,328$8,717,435▼ $380,893
Cash and Non-Interest-Bearing Accounts$233,280--
Pledges and Grants Receivable$116,668$118,821▲ $2,153
Prepaid Expenses and Deferred Charges$65,685$80,108▲ $14,423
Accounts Receivable$12,552$13,822▲ $1,270
Total Assets$19,276,429$20,821,551▲ $1,545,122
Other Assets Total$306,127$70,110▼ $236,017
Liabilities
Tax Exempt Bond Liabilities$7,484,426$7,081,432▼ $402,994
Accounts Payable and Accrued Expenses$376,931$383,511▲ $6,580
Other Liabilities$488,333$215,099▼ $273,234
Deferred Revenue-$51,091-
Total Liabilities$8,349,690$7,731,133▼ $618,557
Net Assets / Fund Balance
Unrestricted Net Assets$10,926,739$13,025,418▲ $2,098,679
Temporarily Rstr Net Assets-$65,000-
Total Net Assets Fund Balance$10,926,739$13,090,418▲ $2,163,679
Total Liabilities and Net Assets / Fund Balance$19,276,429$20,821,551▲ $1,545,122

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,478,320$1,492,234$8,970,554
Land$1,027,230-$1,027,230
Equipment$211,885$704,372$916,257
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Julie MeyerExecutive DiFT$121,289$26,741$148,030
Juan MartinezEvening PrinFT$104,405$15,544$119,949
Taunya Melvin - ChiefOperating ofFT$93,910$17,295$111,205

Highest Paid Contractors

ContractorServicesLocationCompensation
Wt Cafe Washington DcFood Service703 EDGEWOOD STREET NE, Washington, DC 20017$125,218
EdopsAccounting1611 CONNECTICUT AVE NW STE 200, Washington, DC 20009$100,407
Revenue and Support

Revenue Composition

Contributions and Grants
$753,361
Program Service Revenue
$7,901,321
Investment Income
$25,454
Other Revenue
$130,584
All Other Contributions
$82,375
Change in Net Assets
$1,890,431

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,810,720
Revenue Not Reported on Form 990
$153,341
Total Revenue per Audited Statements
$8,964,061
Total Revenue per Form 990
$8,810,720
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,720,302
Other Expenses$2,171,868
Grants and Similar Amounts Paid$28,119
Total Fundraising Expense$2,008
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,641,452$96,477-$3,737,929
Depreciation Depletion$340,397$66,795$121$407,313
Other Employee Benefits$318,653$2,185-$320,838
Payroll Taxes$290,240$18,600$104$308,944
Occupancy$278,649$17,854$100$296,603
All Other Expenses$246,250$6,400$7$252,657
Current Officers, Directors, Trustees, and Key Employees$62,281$165,071$1,484$228,836
Fees for Services Other$134,303$76,545$16$210,864
Interest$147,865$9,475$53$157,393
Pension Plan Contributions$121,909$1,846-$123,755
Office Expenses$100,237$6,424$35$106,696
Fees for Services Accounting$96,752$6,200$35$102,987
Other Expenses$86,065$5,515$31$91,611
Information Technology$35,564$2,279$13$37,856
Grants to Domestic Individuals$28,119--$28,119
Advertising$24,613--$24,613
Insurance$22,877$1,466$8$24,351
Fees for Services Legal-$22,653-$22,653
Travel$20,444$1,305-$21,749
Conferences and Meetings$2,851$184$1$3,036
Total Functional Expenses$6,404,623$513,658$2,008$6,920,289

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,073,630
Expenses per Audited Statements$6,920,289
Total Expenses per Form 990$6,920,289
Expenses Not Reported on Form 990$153,341
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
Interest Rate Swap$144,814
Security Deposit Payable$70,285

Bond Issues

BondIssuerIssuedIssue PricePurpose
ADistrict of Columbia2014-10-01$7,820,000REFINANCE LOANS

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$7,820,000$7,723,975$546,531$96,025

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
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
No
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

Relevant information is given to a 3rd party for 990 preparation and review. The completed document is then presented to the executive director, who presents the 990 to the finance committee. Upon the finance committee's review, it is forwarded to the full board for their approval. After final approval, the 990 is filed with the irs.

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

During the annual orientation, all new board members are required to complete and sign a disclosure document. Each person shall complete a disclosure form each year and the policy is reviewed annually by each member of the board. Prior to board action involving a conflict of interest, the board member having a conflict of interest shall disclose all facts related to the conflict of interest. Such disclosure is reflected in the minutes of the meeting and the board addresses the matter in a way to ensure the best interests of the school are furthered. The board member who has a conflict of interest shall recuse themselves from participating in the decision except to respond to questions.

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

The executive director's compensation is determined and approved by the board of directors using salary surveys, form 990's of other organizations and other appropriate information related to comparable positions of similar sized organizations. This review of executive compensation most recently occured on april 16, 2016.

Form 990, Page 6, Part VI, Line 19

All governing documents, policies and financial statements are forwarded to the district of columbia public charter school board, which provides oversite and distribution of relevant information to the public. The form 990 is made available upon request and is available on guidestar.org for public inspection.

Filing and Contact Details

Filer

Filer Name
The Next Step Public Charter
EIN
52-2103442
Phone
2023192249
Address
3047 15TH STREET NW, WASHINGTON, DC 20009

Signing Officer

Name
John Ingold
Title
Chairperson
Phone
2023192249
Signed
2018-02-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jonathan Mathis
Formed
1998
Legal Domicile
Dc
Voting Board Members
12
Independent Board Members
12
Employees
94
Volunteers
75

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 2, Part III, Line 4A

To principal's office. The charter school's curriculum is based on the common core standards. Teachers individualize instruction to help students achieve their academic goals at their own pace. The charter school places students by skill level, rather than age or grade, and promotes students according to their progress. When students complete their program of study, the charter school college and career readiness program assists students and alumni with continued education and career planning. Services adult basic education - tnspcs offers literacy, numeracy and other academic content at all levels of ability to students, in both english and spanish, with placement based upon pre-tests. Ged preparation - the charter school offers students who test above the 8th grade level the preparation, guidance and support necessary to pass the exam to attain the general education development (ged) certificate in english or spanish. Students in day and night school study ged content and skills in their classes, and must pass a preliminary practice test before they take the official exam. The charter school offers financial assistance to those students who pass the practice test when they register for the official ged. English language learners - the charter school offers esol classes to english language learners (ells) in day and night school. Students learn the language skills that will enable them to navigate effectively within their school, their community, and the wider world. Life skills - the charter school offers interactive workshops addressing sexual health education, substance abuse, financial literacy, immigration and cultural adaptation, and community involvement. Teachers encourage students to develop their abilities in such academic life skills as goal- setting, organization, initiative and self-advocacy, independent work and collaboration within each class. College and career readiness - the ccr program is designed to help charter school students and alumni make and implement short and long-term plans for post-secondary and vocational paths. Two full-time ccr specialists provide workshops on job readiness skills (resume-writing, interviewing, etc.), manage the dual enrollment program whereby students take courses at two local colleges while enrolled at tnspcs and offer guidance on college, employment and vocations, as well as help students access financial resources to continue their education. Student support services - case managers complete an in-depth needs assessment of each student to evaluate what social, physical and emotional supports will enable the student to grow academically. Every student is assigned a case manager when they enroll at the next step. The department is made up of social workers, case managers, attendance and transportation coordinators and a resource and enrichment coordinator. Each of these service providers works with students individually and collectively to identify any areas of their psychosocial functioning that require support. Tutoring program/volunteers - both paid and volunteer tutors are an essential part of the charter school program, and their involvement allows individualized instruction for students, enabling students to progress at their own pace. Tutors work during the day and night school as classroom aides, or as one-on-one tutors with students in the following subjects: esol, reading and language arts, and math. Bilingual tutors are also available. Food program - the charter school provides a free breakfast, lunch and dinner program in accordance with federal law and the u.s. Department of agriculture (usda) policy. Vision at the next step public charter school, we envision a school for students where their past does not dictate their future. We envision students empowered to be independent self-advocates, who speak up for themselves and their families with clarity and knowledge. We envision students who are confident and self-disciplined in pursuing their own goals. We envisi

Form 990, Part XI, Line 9

Interest rate swap 273,248 on october 9, 2014, the charter school entered into an interest rate swap agreement with suntrust bank for a notional amount equal to the obligation under the loan payable whereby a portion of the floating rate was swapped into a fixed rate. Under the agreement, the charter school pays the bank interest at a fixed rate of 3.51% on the principal loan balance through the termination date of the swap agreement, which is october 1, 2021. The swap mechanism is intended to allow the charter school to realize the potential benefit of a lower fixed rate by reducing the impact of market changes in the variable interest rate. Interest expense related to the interest rate swap for the year ended june 30, 2017 was 92,401. At june 30, 2017 the fair value of the interest rate swap was 144,814 and has been reflected as a liability in the statements of financial position.

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 next step public charter school performed an evaluation of uncertain tax positions for the year ended june 30, 2017, 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, 2017, the statute of limitations for tax years 2013 through 2015 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, 2017, the charter school had no accruals for interest and/or penalties.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$26.5$0.94$25.6$12.4$9.57$2.83
2023Detailed filing. Detailed filing data is available for this year.$23.7$0.90$22.8$12.9$8.80$4.10
2022Detailed filing. Detailed filing data is available for this year.$19.2$0.56$18.7$10.2$8.42$1.76
2021Detailed filing. Detailed filing data is available for this year.$17.5$0.60$16.9$10.5$8.62$1.83
2020Detailed filing. Detailed filing data is available for this year.$15.9$0.84$15.1$10.5$9.53$0.98
2019Detailed filing. Detailed filing data is available for this year.$20.2$6.24$14.0$8.68$9.13$0.44
2018Detailed filing. Detailed filing data is available for this year.$22.0$7.48$14.6$10.0$8.75$1.29
2017Detailed filing. Detailed filing data is available for this year.$20.8$7.73$13.1$8.81$6.92$1.89
2016Detailed filing. Detailed filing data is available for this year.$19.3$8.35$10.9$8.53$6.30$2.23
2015Detailed filing. Detailed filing data is available for this year.$17.2$8.31$8.90$8.11$5.10$3.01
2014Detailed filing. Detailed filing data is available for this year.$14.5$8.43$6.10$6.10$4.17$1.93
2013Summary only. Only limited summary data is available for this year.$12.4$8.27$4.18$5.74$3.74$1.99
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$8.56$2.19$2.63
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.63$0.33$1.30$2.31