Civic Intelligence

Meridian Public Charter School

EIN 52-2131742 • 501(c)3 • Washington, DC

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Profile

The mission of meridian public charter school is to inspire a passion for learning in our students and to help them build their self-confidence and self-respect through academic achievement. Continued on schedule o.meridian public charter school is a nurturing and rigorous k8 school where students learn the skills they need to succeed in today's increasingly global world. We have served the washington, dc community since 1999 and are open to all students regardless of prior academic record, ability, or socioeconomic background. We have a collaborative, child-centric school community that celebrates the diversity of our students and encourages them to interact with our vibrant city. Students learn about different cultures and forms of expression and can see how they are connected to their own lives.

2120 13th Street NWWashington, DC 20009

www.meridian-dc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

76th percentile

0.55x

Higher debt load relative to assets than 76% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

72nd percentile

0.68x

Higher debt load relative to revenue than 72% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

48th percentile

3.5%

Higher net margin than 48% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

29th percentile

$185,940

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

37th percentile

1.8%

Faster asset growth than 37% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

42nd percentile

4.6%

Faster revenue growth than 42% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$26,504,430

Up $463,961 (+1.8%) from 2023

Liabilities

Down

$14,506,134

Down $280,923 (-1.9%) from 2023

Net Assets

Up

$11,998,296

Up $744,884 (+6.6%) from 2023

Operations
Liabilities / Revenue72nd percentileNet Margin48th percentile

Revenue

Up

$21,482,033

Up $951,660 (+4.6%) from 2023

Expenses

Up

$20,737,149

Up $300,845 (+1.5%) from 2023

Net Income

Up

$744,884

Up $650,815 (+692%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth37th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2011: $5,275,585Liabilities 2011: $1,031,601Net Assets 2011: $4,243,9842011Assets 2012: $4,191,517Liabilities 2012: $960,221Net Assets 2012: $3,231,2962012Assets 2013: $4,379,956Liabilities 2013: $1,291,203Net Assets 2013: $3,088,7532013Assets 2014: $20,580,139Liabilities 2014: $14,005,588Net Assets 2014: $6,574,5512014Assets 2015: $19,036,252Liabilities 2015: $13,473,254Net Assets 2015: $5,562,9982015Assets 2016: $17,992,592Liabilities 2016: $14,170,106Net Assets 2016: $3,822,4862016Assets 2017: $18,980,598Liabilities 2017: $13,726,428Net Assets 2017: $5,254,1702017Assets 2018: $19,911,640Liabilities 2018: $13,456,629Net Assets 2018: $6,455,0112018Assets 2019: $17,843,591Liabilities 2019: $8,110,608Net Assets 2019: $9,732,9832019Assets 2020: $27,061,653Liabilities 2020: $16,823,014Net Assets 2020: $10,238,6392020Assets 2021: $25,835,715Liabilities 2021: $13,990,484Net Assets 2021: $11,845,2312021Assets 2022: $24,679,992Liabilities 2022: $13,517,544Net Assets 2022: $11,162,4482022Assets 2023: $26,040,469Liabilities 2023: $14,787,057Net Assets 2023: $11,253,4122023Assets 2024: $26,504,430Liabilities 2024: $14,506,134Net Assets 2024: $11,998,2962024

Highlighted filing

2024

Assets$26,504,430
Liabilities$14,506,134
Net Assets$11,998,296
Open 2024 Filing

Operations Trend

Revenue Growth42nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MExpenses 2011: $8,328,3372011Expenses 2012: $9,123,1982012Expenses 2013: $11,257,3072013Revenue 2014: $11,851,274Expenses 2014: $12,189,247Net Income 2014: -$337,9732014Revenue 2015: $12,718,732Expenses 2015: $13,730,285Net Income 2015: -$1,011,5532015Revenue 2016: $13,649,275Expenses 2016: $15,389,787Net Income 2016: -$1,740,5122016Revenue 2017: $13,403,810Expenses 2017: $11,972,126Net Income 2017: $1,431,6842017Revenue 2018: $13,517,828Expenses 2018: $12,316,987Net Income 2018: $1,200,8412018Revenue 2019: $16,914,934Expenses 2019: $13,636,962Net Income 2019: $3,277,9722019Revenue 2020: $14,990,108Expenses 2020: $14,489,251Net Income 2020: $500,8572020Revenue 2021: $17,496,957Expenses 2021: $15,882,055Net Income 2021: $1,614,9022021Revenue 2022: $18,629,497Expenses 2022: $19,279,768Net Income 2022: -$650,2712022Revenue 2023: $20,530,373Expenses 2023: $20,436,304Net Income 2023: $94,0692023Revenue 2024: $21,482,033Expenses 2024: $20,737,149Net Income 2024: $744,8842024

Highlighted filing

2024

Revenue$21,482,033
Expenses$20,737,149
Net Income$744,884
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$26,504,430
Liabilities
$14,506,134
Net assets
$11,998,296
Revenue
$21,482,033
Expenses
$20,737,149
Net income
$744,884
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$26.5$14.5$12.0$21.5$20.7$0.74
2023Detailed filing. Detailed filing data is available for this year.$26.0$14.8$11.3$20.5$20.4$0.09
2022Detailed filing. Detailed filing data is available for this year.$24.7$13.5$11.2$18.6$19.3$0.65
2021Detailed filing. Detailed filing data is available for this year.$25.8$14.0$11.8$17.5$15.9$1.61
2020Detailed filing. Detailed filing data is available for this year.$27.1$16.8$10.2$15.0$14.5$0.50
2019Detailed filing. Detailed filing data is available for this year.$17.8$8.11$9.73$16.9$13.6$3.28
2018Detailed filing. Detailed filing data is available for this year.$19.9$13.5$6.46$13.5$12.3$1.20
2017Detailed filing. Detailed filing data is available for this year.$19.0$13.7$5.25$13.4$12.0$1.43
2016Detailed filing. Detailed filing data is available for this year.$18.0$14.2$3.82$13.6$15.4$1.74
2015Detailed filing. Detailed filing data is available for this year.$19.0$13.5$5.56$12.7$13.7$1.01
2014Detailed filing. Detailed filing data is available for this year.$20.6$14.0$6.57$11.9$12.2$0.34
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.38$1.29$3.09$11.3
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.19$0.96$3.23$9.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.28$1.03$4.24$8.33
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 3, 2025
Return Version
2023v6.0
Gross Receipts
$21,482,033
Mission and Program Overview

Mission

The mission of meridian public charter school is to inspire a passion for learning in our students and to help them build their self-confidence and self-respect through academic achievement. Continued on schedule o.meridian public charter school is a nurturing and rigorous k8 school where students learn the skills they need to succeed in today's increasingly global world. We have served the washington, dc community since 1999 and are open to all students regardless of prior academic record, ability, or socioeconomic background. We have a collaborative, child-centric school community that celebrates the diversity of our students and encourages them to interact with our vibrant city. Students learn about different cultures and forms of expression and can see how they are connected to their own lives.

To inspire a passion for learning in our students and help them build self-confidence.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$17,374,253$15,824,980▼ $1,549,273
Savings and Temporary Cash Investments$3,944,222$7,590,954▲ $3,646,732
Pledges and Grants Receivable$1,833,754$828,748▼ $1,005,006
Cash and Non-Interest-Bearing Accounts$1,071,334$372,844▼ $698,490
Prepaid Expenses and Deferred Charges$96,058$107,006▲ $10,948
Total Assets$26,040,469$26,504,430▲ $463,961
Other Assets Total$1,720,848$1,779,898▲ $59,050
Liabilities
Tax Exempt Bond Liabilities$6,181,973$5,985,023▼ $196,950
Mortgage Notes Payable Secured by Investment Property$5,614,413$5,439,805▼ $174,608
Other Liabilities$1,775,700$1,864,807▲ $89,107
Accounts Payable and Accrued Expenses$1,063,742$1,216,499▲ $152,757
Deferred Revenue$151,229--
Total Liabilities$14,787,057$14,506,134▼ $280,923
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,253,412$11,998,296▲ $744,884
Total Net Assets Fund Balance$11,253,412$11,998,296▲ $744,884
Total Liabilities and Net Assets / Fund Balance$26,040,469$26,504,430▲ $463,961

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$15,226,696$10,765,145$25,991,841
Equipment$598,284$1,203,816$1,802,100
Other Assets Org$17,126--
Compensation and Service Providers
Top Officer Pay29th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matthew MccreaHead of SchoolFT$157,901$28,039$185,940
Nicole Blair-barzeyPrincipal - Middle SchoolFT$140,413$22,720$163,133
Michael RussellDirector of OperationsFT$127,764$12,970$140,734
Duray StevensPrincipal - Elementary SchoolFT$126,363$2,279$128,642
Selena Gonzales-jonesDirector of External AffairsFT$111,136$10,134$121,270
Dakota SaundersTeacherFT$116,006$5,154$121,160

Board Members and Trustees

NameTitle
Steve PearcySecretary, Chair
Ali SamirMember
Annie HsiaoMember
Helda MoradMember
Jacqueline BeltranMember
Keith Wade CollinsMember
Payson PeabodyMember
Mahmia RichardsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Luncheras Di Si LLCFood Service703 EDGEWOOD NE, Washington, DC 20017$630,231
Dynamic Network Solutions INCInformation Technology5067 LAKE CIRCLE WEST, Columbia, MD 21044$496,345
TensquareSchool Improvement Support818 CONNECTICUT AVE NW SUITE 1009, Washington, DC 20006$468,242
Mz Therapeutic INCSped Instruction4500 NEW HAMPSHIRE AVE NW, Washington, DC 20011$198,255
Dc Public Charter School BoardAuthorizer Fee11 M ST SE SUITE 400, Washington, DC 20003$192,726
Revenue and Support

Revenue Composition

Contributions and Grants
$21,170,299
Program Service Revenue
$11,947
Investment Income
$299,141
Other Revenue
$646
All Other Contributions
$207,833
Change in Net Assets
$744,884

Audited Revenue Reconciliation

Revenue per Audited Statements
$21,482,033
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$21,482,033
Total Revenue per Form 990
$21,482,033
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,775,829
Other Expenses$7,961,320
Total Fundraising Expense$127,002
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,118,291$970,840$85,557$10,174,688
Fees for Services Other$1,957,807$112,004-$2,069,811
Depreciation Depletion$1,476,806$158,001$13,849$1,648,656
Other Employee Benefits$1,144,123$117,211$10,294$1,271,628
Occupancy$810,779$93,740$1,308$905,827
Payroll Taxes$747,609$79,985$7,011$834,605
Interest$418,683$51,748-$470,431
Information Technology$271,601$76,826-$348,427
Fees for Services Accounting-$318,622-$318,622
Pension Plan Contributions$265,510$26,622$2,388$294,520
Conferences and Meetings$202,749$53,026$1,572$257,347
Office Expenses$207,600$22,211$1,947$231,758
Current Officers, Directors, Trustees, and Key Employees$174,644$24,166$1,578$200,388
Travel$126,605--$126,605
Insurance$94,453$23,613-$118,066
Other Expenses$83,811$12,871$506$97,188
Fees for Services Legal-$18,001-$18,001
Total Functional Expenses$18,417,204$2,192,943$127,002$20,737,149

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$20,737,149
Total Expenses per Audited Statements$20,737,149
Total Expenses per Form 990$20,737,149
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Leases, Net of Current Portion$1,864,807

Bond Issues

BondIssuerIssuedIssue PricePurpose
ADc Revenue Bonds Series 20182018-12-12$7,500,000REFUND PRIOR ISSUE
BDc Revenue Bonds Series 20202020-08-13$6,500,000TO REPAY TERM LOAN

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$7,500,000$7,500,000$1,318,027-
B$6,500,000$6,500,000$996,681-

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
No
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
Backup withholding compliance
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
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, Part VI, Section A, Line 1A

“Executive committees. Between meetings of the board of directors, an executive committee, the membership of which shall be set in a resolution of the board, may conduct the day-to-day affairs of the corporation. The executive committee shall have and exercise all the powers and perform all of the duties commonly incident to and vested in the board of directors, subject to the limitations.”

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

“The 990 is distributed to the board of trustees prior to filing with the irs. The form is also reviewed by the finance manager, treasurer, and external accountants prior to filing.”

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

“The school has a "conflict of interest" section in its employee handbook which explains the ethical business practices, requirements and fraud prevention details. The school consistently monitors and enforces conflict of interest policies by requring that any arrangement with potential conflicts of interest requires in advance a written approval of the head of school (if less than $10,000) or of both the head of school and the board of trustees (if more than $10,000). The members of the board also sign a conflict of interest disclosure statement on an annual basis disclosing any conflicts or possible conflicts of interest.”

Form 990, Part VI, Section B, Line 15A

“The board of trustees annually gathers and reviews industry salary benchmarking data for the head of school position, and uses this data to set compensation for the following year. This decision is documented in the board's meeting minutes. Senior management annually gathers and reviews industry salary benchmarking data for key employee positions, and uses this data to set compensation for the following year. Such salary decisions are documented in employee personnel files and in the school's annual budget. The process described here was last completed in 2024.”

Form 990, Part VI, Section C, Line 19

“Merdian public charter school's governing documents and financial statements are available upon request. Policies are printed in the parent and student handbook and employee handbook.”

Filing and Contact Details

Filer

Filer Name
Meridian Public Charter School
EIN
52-2131742
Phone
2023879830
Address
2120 13TH STREET NW, WASHINGTON, DC 20009

Signing Officer

Name
Steve Pearcy
Title
Board Chair
Phone
2023879830
Signed
2025-04-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Pearcy
Formed
1998
Legal Domicile
Dc
Voting Board Members
8
Independent Board Members
8
Employees
169
Volunteers
50

Preparer

Firm
Cliftonlarsonallen Llp
Address
950 NORTH GLEBE ROAD SUITE 1200, ARLINGTON, VA 22203
Preparer
Robert Williams
Phone
5712279500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The school believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements or that would have an effect on its tax-exempt status. There are no unrecognized tax benefits or liabilities that need to be recorded.”

Raw XML AppendixShowing 400 of 654 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/ActivityOrMissionDesc0TO INSPIRE A PASSION FOR LEARNING IN OUR STUDENTS AND HELP THEM BUILD SELF-CONFIDENCE.
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IRS990/MissionDesc0THE MISSION OF MERIDIAN PUBLIC CHARTER SCHOOL IS TO INSPIRE A PASSION FOR LEARNING IN OUR STUDENTS AND TO HELP THEM BUILD THEIR SELF-CONFIDENCE AND SELF-RESPECT THROUGH ACADEMIC ACHIEVEMENT. CONTINUED ON SCHEDULE O.MERIDIAN PUBLIC CHARTER SCHOOL IS A NURTURING AND RIGOROUS K8 SCHOOL WHERE STUDENTS LEARN THE SKILLS THEY NEED TO SUCCEED IN TODAY'S INCREASINGLY GLOBAL WORLD. WE HAVE SERVED THE WASHINGTON, DC COMMUNITY SINCE 1999 AND ARE OPEN TO ALL STUDENTS REGARDLESS OF PRIOR ACADEMIC RECORD, ABILITY, OR SOCIOECONOMIC BACKGROUND. WE HAVE A COLLABORATIVE, CHILD-CENTRIC SCHOOL COMMUNITY THAT CELEBRATES THE DIVERSITY OF OUR STUDENTS AND ENCOURAGES THEM TO INTERACT WITH OUR VIBRANT CITY. STUDENTS LEARN ABOUT DIFFERENT CULTURES AND FORMS OF EXPRESSION AND CAN SEE HOW THEY ARE CONNECTED TO THEIR OWN LIVES.
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