Civic Intelligence

Meridian Public Charter School

990 • Fiscal year 2017 • EIN 52-2131742

Jul 01, 2016 to Jun 30, 2017 • Filed on Apr 10, 2018

Organization ProfileWWW.MERIDIAN-DC.ORG

View Organization Page

2120 13th Street NWWashington, DC 20009-4824

(202) 387-9830

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.72x

Higher debt load relative to assets than 83% of similar nonprofits.

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

Liabilities / Revenue

80th percentile

1.02x

Higher debt load relative to revenue than 80% of similar nonprofits.

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

Net Margin

69th percentile

11%

Higher net margin than 69% of similar nonprofits.

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

Top Officer Pay

34th percentile

$131,100

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

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

Asset Growth

53rd percentile

5.5%

Faster asset growth than 53% of similar nonprofits.

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

Revenue Growth

29th percentile

-1.8%

Faster revenue growth than 29% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$18,980,598

Up $988,006 (+5.5%) from 2016

Net Assets

Up

$5,254,170

Up $1,431,684 (+37%) from 2016

Liabilities

Down

$13,726,428

Down $443,678 (-3.1%) from 2016

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin69th percentile

Revenue

Down

$13,403,810

Down $245,465 (-1.8%) from 2016

Expenses

Down

$11,972,126

Down $3,417,661 (-22%) from 2016

Net Income

Up

$1,431,684

Up $3,172,196 (+182%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

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

$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

2017

Assets$18,980,598
Liabilities$13,726,428
Net Assets$5,254,170
Open 2017 Filing

Operations Trend

Revenue Growth29th percentile

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$13,403,810
Expenses$11,972,126
Net Income$1,431,684
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Apr 10, 2018
Return Version
2016v3.0
Gross Receipts
$13,403,810
Mission and Program Overview

Mission

To inspire passion for learning in our students and to help them build self-confidence and self-respect through academic achievement. Meridian public charter school is a public academic elementary and middle school serving students in preschool through eighth grade. The school is a model that is academic in focus with a concentration on reading and writing. The mission of the school is to instill within its students a passion for learning, self-confidence, and self-respect through academic achievement.

Instill passion for learning and build self-confidence and respect through academic achievement. Meridian public charter school is a public academic elementary and middle school serving students in preschool through eighth grade. The school is a model that is academic in focus with a concentration on reading and writing. The mission of the school is to instill within its students a passion for learning, self-confidence, and self-respect through academic achievement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,590,121$13,877,128▼ $712,993
Savings and Temporary Cash Investments$2,182,795$3,578,001▲ $1,395,206
Cash and Non-Interest-Bearing Accounts$616,788$986,776▲ $369,988
Pledges and Grants Receivable$409,644$523,426▲ $113,782
Intangible Assets$101,925--
Prepaid Expenses and Deferred Charges$60,919$8,267▼ $52,652
Total Assets$17,992,592$18,980,598▲ $988,006
Other Assets Total$30,400$7,000▼ $23,400
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,500,000$12,443,375▼ $56,625
Accounts Payable and Accrued Expenses$1,538,138$1,091,675▼ $446,463
Other Liabilities$127,494$186,500▲ $59,006
Deferred Revenue$4,474$4,878▲ $404
Total Liabilities$14,170,106$13,726,428▼ $443,678
Net Assets / Fund Balance
Unrestricted Net Assets$3,822,486$5,254,170▲ $1,431,684
Total Net Assets Fund Balance$3,822,486$5,254,170▲ $1,431,684
Total Liabilities and Net Assets / Fund Balance$17,992,592$18,980,598▲ $988,006

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$13,428,368$3,150,846$16,579,214
Equipment$448,760$807,866$1,256,626
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Knicely DarinChief Accountability Off. Til 10/16FT$119,992$11,108$131,100
Cooper TamaraHead of School Thru 3/16FT$106,960$5,054$112,014

Board Members and Trustees

NameTitle
Broullire JohnChairman
Silverman Sarah KVice Chair
Ahston EdieTrustee
Cotton RachelTrustee
Daniels ChrisTrustee
Funcherss AnitaTrustee
Gent NickTrustee
Sanchez SarahTrustee
Candice BoboHead of School
Peabody PaysonSecretary
Pearcy SteveTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ten SquareManagement Services, Including Head Of S818 CONNECTICUT AVENUE NW SUITE 10, Washington, DC 20006$612,208
Revenue and Support

Revenue Composition

Contributions and Grants
$13,356,645
Program Service Revenue
$35,841
Investment Income
$10,530
Other Revenue
$794
All Other Contributions
$4,407
Change in Net Assets
$1,431,684

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,403,810
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$13,403,810
Total Revenue per Form 990
$13,403,810
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,493,137
Other Expenses$5,478,989
Total Fundraising Expense$4,083
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,710,149$646,347$1,945$5,358,441
Fees for Services Other$685,211$265,252$282$950,745
Occupancy$791,836$109,147$561$901,544
Depreciation Depletion$788,432$108,192$325$896,949
Other Employee Benefits$598,824$82,173$247$681,244
Interest$585,169$80,300$241$665,710
Payroll Taxes$398,593$54,695$164$453,452
Information Technology$201,490$27,649$84$229,223
Office Expenses$142,114$64,939$59$207,112
Fees for Services Accounting$124,570$48,222$51$172,843
Insurance$53,048$7,280$22$60,350
Fees for Services Legal$26,125$10,113$11$36,249
Other Expenses$29,387$3,803$11$33,201
All Other Expenses-$27,246-$27,246
Travel$8,180$1,122$4$9,306
Total Functional Expenses$10,406,024$1,562,019$4,083$11,972,126

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,972,126
Total Expenses per Audited Statements$11,972,126
Total Expenses per Form 990$11,972,126
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
Capital Leases Payable$186,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
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 B, Line 11B

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

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

“The school follows the conflict of interest policy as outlined in the board handbook.”

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

“Each year the organization's board members determine the compensation of officers and key employees by researching competitive salaries via the 990s of other organizations and the evaluation of employee's performance. The process of determining top official's compensation was last undertaken in 2015. For the current year, the compensation of the officers and key employees was paid by ten square, a management company which is paid by meridian. Therefore there was no compensation determination process for officers and key employees.”

Form 990, Part VI, Section C, Line 19

“Meridian 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 20009-4824

Signing Officer

Name
John Broullire
Title
Chairman
Phone
2023879830
Signed
2018-04-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Broullire
Formed
1998
Legal Domicile
Dc
Voting Board Members
10
Independent Board Members
10
Employees
180
Volunteers
45

Preparer

Firm
Jones Maresca & Mcquade Pa
Address
1730 RHODE ISLAND AVE NW SUITE 800, WASHINGTON, DC 20036
Preparer
David Jones
Phone
2022963306
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The school has adopted the accounting for uncertainty in income taxes as required by the income taxes topic of the fasb asc. This topic requires the school to determine whether a tax position is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The tax benefits to be recognized is measured as the largest amount of benefit that is more than fifty percent likely of being realized upon ultimate settlement which could result in the school recording a tax liability that would reduce its net assets. The school has analyzed its tax positions, and has concluded that no liability for unrecognized tax benefits should be recorded related to any uncertain tax positions taken on returns filed for open tax years (2013- 2015), or expected to be taken in its 2016 tax return. The school is not aware of any tax positions for which it believes that there is a reasonable possibility that the total amounts of unrecognized tax benefits will change materially in the next twelve months.”

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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/PersonNm0BROULLIRE JOHN
IRS990/Form990PartVIISectionAGrp/PersonNm1SILVERMAN SARAH K
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IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10HEAD OF SCHOOL THRU 3/16
IRS990/Form990PartVIISectionAGrp/TitleTxt11HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHIEF ACCOUNTABILITY OFF. TIL 10/16
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt013352238
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt013403810
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt084
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt027649
IRS990/InformationTechnologyGrp/ProgramServicesAmt0201490
IRS990/InformationTechnologyGrp/TotalAmt0229223
IRS990/InsuranceGrp/FundraisingAmt022
IRS990/InsuranceGrp/ManagementAndGeneralAmt07280
IRS990/InsuranceGrp/ProgramServicesAmt053048
IRS990/InsuranceGrp/TotalAmt060350
IRS990/IntangibleAssetsGrp/BOYAmt0101925
IRS990/InterestGrp/FundraisingAmt0241
IRS990/InterestGrp/ManagementAndGeneralAmt080300
IRS990/InterestGrp/ProgramServicesAmt0585169
IRS990/InterestGrp/TotalAmt0665710
IRS990/InvestmentIncomeGrp/ExclusionAmt010530
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt010530
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt039
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03958712
IRS990/LandBldgEquipBasisNetGrp/BOYAmt014590121
IRS990/LandBldgEquipBasisNetGrp/EOYAmt013877128
IRS990/LandBldgEquipCostOrOtherBssAmt017835840
IRS990/LegalDomicileStateCd0DC
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0INSTILL PASSION FOR LEARNING AND BUILD SELF-CONFIDENCE AND RESPECT THROUGH ACADEMIC ACHIEVEMENT. MERIDIAN PUBLIC CHARTER SCHOOL IS A PUBLIC ACADEMIC ELEMENTARY AND MIDDLE SCHOOL SERVING STUDENTS IN PRESCHOOL THROUGH EIGHTH GRADE. THE SCHOOL IS A MODEL THAT IS ACADEMIC IN FOCUS WITH A CONCENTRATION ON READING AND WRITING. THE MISSION OF THE SCHOOL IS TO INSTILL WITHIN ITS STUDENTS A PASSION FOR LEARNING, SELF-CONFIDENCE, AND SELF-RESPECT THROUGH ACADEMIC ACHIEVEMENT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt012500000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt012443375
IRS990/NetAssetsOrFundBalancesBOYAmt03822486
IRS990/NetAssetsOrFundBalancesEOYAmt05254170
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0561
IRS990/OccupancyGrp/ManagementAndGeneralAmt0109147
IRS990/OccupancyGrp/ProgramServicesAmt0791836
IRS990/OccupancyGrp/TotalAmt0901544
IRS990/OfficeExpensesGrp/FundraisingAmt059
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt064939
IRS990/OfficeExpensesGrp/ProgramServicesAmt0142114
IRS990/OfficeExpensesGrp/TotalAmt0207112
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt030400
IRS990/OtherAssetsTotalGrp/EOYAmt07000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0247
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt082173
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0598824
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0681244
IRS990/OtherExpensesGrp/Desc0DIRECT STUDENT COSTS
IRS990/OtherExpensesGrp/Desc1AUTHORIZER FEE
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL DEVELOPMEN
IRS990/OtherExpensesGrp/Desc3OTHER GENERAL EXPENSE
IRS990/OtherExpensesGrp/FundraisingAmt049
IRS990/OtherExpensesGrp/FundraisingAmt127
IRS990/OtherExpensesGrp/FundraisingAmt211
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt016131
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt19408
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23803
IRS990/OtherExpensesGrp/ProgramServicesAmt01076785
IRS990/OtherExpensesGrp/ProgramServicesAmt1117553
IRS990/OtherExpensesGrp/ProgramServicesAmt268558
IRS990/OtherExpensesGrp/ProgramServicesAmt329387
IRS990/OtherExpensesGrp/TotalAmt01076785
IRS990/OtherExpensesGrp/TotalAmt1133733
IRS990/OtherExpensesGrp/TotalAmt277993
IRS990/OtherExpensesGrp/TotalAmt333201
IRS990/OtherLiabilitiesGrp/BOYAmt0127494
IRS990/OtherLiabilitiesGrp/EOYAmt0186500
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt0794
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0794
IRS990/OtherRevenueTotalAmt0794
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01945
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0646347
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04710149
IRS990/OtherSalariesAndWagesGrp/TotalAmt05358441
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0164
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt054695
IRS990/PayrollTaxesGrp/ProgramServicesAmt0398593
IRS990/PayrollTaxesGrp/TotalAmt0453452
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0409644
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0523426
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt060919
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08267
IRS990/PrincipalOfficerNm0JOHN BROULLIRE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0FIELD TRIPS & BEFORE/AFTER SCHOOL
IRS990/ProgramServiceRevenueGrp/Desc1AFTER SCHOOL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2OTHER PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt015317
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt114273
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt26251
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt015317
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt114273
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt26251
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt013546827
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt07091
IRS990/PYOtherExpensesAmt06018181
IRS990/PYOtherRevenueAmt01751
IRS990/PYProgramServiceRevenueAmt093606
IRS990/PYRevenuesLessExpensesAmt0-1740512
IRS990/PYSalariesCompEmpBnftPaidAmt09371606
IRS990/PYTotalExpensesAmt015389787
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt013649275
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01431684
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt035841
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02182795
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03578001
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0448760
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0807866
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01256626
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt011972126
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt013428368
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03150846
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt016579214
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0186500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASES PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt013403810
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HAS ADOPTED THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AS REQUIRED BY THE INCOME TAXES TOPIC OF THE FASB ASC. THIS TOPIC REQUIRES THE SCHOOL TO DETERMINE WHETHER A TAX POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS TO BE RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS MORE THAN FIFTY PERCENT LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT WHICH COULD RESULT IN THE SCHOOL RECORDING A TAX LIABILITY THAT WOULD REDUCE ITS NET ASSETS. THE SCHOOL HAS ANALYZED ITS TAX POSITIONS, AND HAS CONCLUDED THAT NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS SHOULD BE RECORDED RELATED TO ANY UNCERTAIN TAX POSITIONS TAKEN ON RETURNS FILED FOR OPEN TAX YEARS (2013- 2015), OR EXPECTED TO BE TAKEN IN ITS 2016 TAX RETURN. THE SCHOOL IS NOT AWARE OF ANY TAX POSITIONS FOR WHICH IT BELIEVES THAT THERE IS A REASONABLE POSSIBILITY THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL CHANGE MATERIALLY IN THE NEXT TWELVE MONTHS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013877128
IRS990ScheduleD/TotalExpensesPerForm990Amt011972126
IRS990ScheduleD/TotalLiabilityAmt0186500
IRS990ScheduleD/TotalRevenuePerForm990Amt013403810
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt013403810
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011972126
IRS990ScheduleE/ComplianceWithRevProc7550Ind00
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE RACIALLY NONDISCRIMINATORY POLICY IS POSTED ON THE SCHOOL'S WEBSITE. AS A PUBLIC CHARTER SCHOOL MERIDIAN PCS IS EXEMPT FROM THE REQUIREMENTS OF REV. PROC. 75-50.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVED AID FROM THE DC GOVERNMENT VIA THE DC PUBLIC CHARTER SCHOOL BOARD, THE U.S. DEPARTMENT OF EDUCATION, THE U.S. DEPARTMENT OF AGRICULTURE, AND CONGRESSIONAL APPROPRIATIONS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2AS A PUBLIC CHARTER SCHOOL, MERIDIAN PCS IS EXEMPT FROM THE REQUIREMENTS OF REV. PROC. 75-50.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 7
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,980,598
Liabilities
$13,726,428
Net assets
$5,254,170
Revenue
$13,403,810
Expenses
$11,972,126
Net income
$1,431,684
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