Civic Intelligence

District of Columbia College Access Program

990 • Fiscal year 2019 • EIN 52-2132835

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 23, 2020

1425 K Street NW No 200Washington, DC 20005

(202) 783-7933

Siviq Scores

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

Liabilities / Assets

8th percentile

0.01x

Higher debt load relative to assets than 8% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

13th percentile

0.07x

Higher debt load relative to revenue than 13% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Net Margin

58th percentile

5.8%

Higher net margin than 58% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

48th percentile

$342,778

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Asset Growth

26th percentile

-0.4%

Faster asset growth than 26% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

12th percentile

-22%

Faster revenue growth than 12% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Assets

Down

$96,153,495

Down $355,140 (-0.4%) from 2018

Net Assets

Down

$95,417,263

Down $412,030 (-0.4%) from 2018

Liabilities

Up

$736,232

Up $56,890 (+8.4%) from 2018

Revenue

Down

$10,372,924

Down $2,915,956 (-22%) from 2018

Expenses

Up

$9,770,719

Up $812,680 (+9.1%) from 2018

Net Income

Down

$602,205

Down $3,728,636 (-86%) from 2018

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2011: $59,513,342Liabilities 2011: $157,072Net Assets 2011: $59,356,2702011Assets 2012: $62,753,987Liabilities 2012: $156,873Net Assets 2012: $62,597,1142012Assets 2013: $72,574,291Liabilities 2013: $555,063Net Assets 2013: $72,019,2282013Assets 2014: $81,366,432Liabilities 2014: $468,861Net Assets 2014: $80,897,5712014Assets 2015: $101,359,135Liabilities 2015: $452,450Net Assets 2015: $100,906,6852015Assets 2016: $74,378,418Liabilities 2016: $637,436Net Assets 2016: $73,740,9822016Assets 2017: $91,395,055Liabilities 2017: $528,995Net Assets 2017: $90,866,0602017Assets 2018: $96,508,635Liabilities 2018: $679,342Net Assets 2018: $95,829,2932018Assets 2019: $96,153,495Liabilities 2019: $736,232Net Assets 2019: $95,417,2632019Assets 2020: $90,398,894Liabilities 2020: $833,688Net Assets 2020: $89,565,2062020Assets 2021: $105,959,870Liabilities 2021: $725,781Net Assets 2021: $105,234,0892021Assets 2022: $76,646,652Liabilities 2022: $786,065Net Assets 2022: $75,860,5872022Assets 2023: $73,423,063Liabilities 2023: $2,527,256Net Assets 2023: $70,895,8072023

Highlighted filing

2019

Assets$96,153,495
Liabilities$736,232
Net Assets$95,417,263

Operations Trend

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

$30M$20M$10M$0-$10M-$20MExpenses 2011: $7,012,1602011Expenses 2012: $7,170,4512012Expenses 2013: $7,484,0732013Revenue 2014: $5,773,006Expenses 2014: $8,012,956Net Income 2014: -$2,239,9502014Revenue 2015: $22,203,828Expenses 2015: $8,081,154Net Income 2015: $14,122,6742015Revenue 2016: $8,202,769Expenses 2016: $7,551,613Net Income 2016: $651,1562016Revenue 2017: $20,539,693Expenses 2017: $7,157,083Net Income 2017: $13,382,6102017Revenue 2018: $13,288,880Expenses 2018: $8,958,039Net Income 2018: $4,330,8412018Revenue 2019: $10,372,924Expenses 2019: $9,770,719Net Income 2019: $602,2052019Revenue 2020: $9,172,292Expenses 2020: $12,058,667Net Income 2020: -$2,886,3752020Revenue 2021: $18,161,486Expenses 2021: $13,818,203Net Income 2021: $4,343,2832021Revenue 2022: $7,962,700Expenses 2022: $14,625,676Net Income 2022: -$6,662,9762022Revenue 2023: $580,300Expenses 2023: $12,744,064Net Income 2023: -$12,163,7642023

Highlighted filing

2019

Revenue$10,372,924
Expenses$9,770,719
Net Income$602,205
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 23, 2020
Return Version
2018v3.1
Gross Receipts
$26,948,726
Mission and Program Overview

Mission

The district of columbia college access program's (dc cap's) primary purpose is to encourage and enable district of columbia students to attend and graduate college.

To encourage and enable district of columbia students to attend and graduate from college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$84,537,395$75,811,726▼ $8,725,669
Savings and Temporary Cash Investments$403,227$10,495,038▲ $10,091,811
Pledges and Grants Receivable$10,645,608$9,087,791▼ $1,557,817
Land, Buildings, and Equipment, Net$230,491$274,507▲ $44,016
Cash and Non-Interest-Bearing Accounts-$201,282-
Prepaid Expenses and Deferred Charges$127,137$136,519▲ $9,382
Accounts Receivable$28,122$14,031▼ $14,091
Total Assets$96,508,635$96,153,495▼ $355,140
Other Assets Total$536,655$132,601▼ $404,054
Liabilities
Accounts Payable and Accrued Expenses$432,717$425,526▼ $7,191
Other Liabilities$246,625$310,706▲ $64,081
Total Liabilities$679,342$736,232▲ $56,890
Net Assets / Fund Balance
Unrestricted Net Assets$68,054,337$68,622,026▲ $567,689
Temporarily Rstr Net Assets$19,524,956$18,545,237▼ $979,719
Permanently Rstr Net Assets$8,250,000$8,250,000→ $0
Total Net Assets Fund Balance$95,829,293$95,417,263▼ $412,030
Total Liabilities and Net Assets / Fund Balance$96,508,635$96,153,495▼ $355,140

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$274,507$252,976$527,483

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$85,882,673$124,000▲ $7,387,167$4,425,666$88,968,174
2017$78,123,008$348,000▲ $11,308,548$3,896,883$85,882,673
2016$71,226,143$325,000▲ $9,970,336$3,398,471$78,123,008
2015$95,988,741-▼ $20,899,133$3,863,465$71,226,143
2014$75,326,889$10,352,415▲ $13,132,689$2,823,252$95,988,741
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Argelia RodriguezPresident/CEOFT$247,169$95,609$342,778
Ld Ross Jr Vice PresidentProgramsFT$148,952$20,219$169,171
Kya DixonVP of Retention & Data ManagementFT$102,006$5,038$107,044

Board Members and Trustees

NameTitle
Ted LeonsisChairman
Anthony a LewisBoard Member
Calvin CafritzBoard Member
Carmen Guzman LowreyBoard Member
Catherine B ReynoldsBoard Member
Chris NewkirkBoard Member
Courtney Clark PastrickBoard Member
David BradleyBoard Member
Donald E GrahamBoard Member
Katherine BradleyBoard Member
Leo a Brooks JrBoard Member
Mark D EINBoard Member
Muriel BowserBoard Member
Patrick ButlerBoard Member
Raul J FernandezBoard Member
Robert P KogodBoard Member
Ronald AbramsonBoard Member
Tamika L TremaglioBoard Member
Tom DavisBoard Member
W Russell RamseyBoard Member
Lawrence Di RitaBoard Member- Until 09/2018
Lewis D FerebeeChancellor- as of 03/2019
Amanda AlexanderChancellor- Until 12/2018
Debbie Marriott HarrisonSecretary
Pinkie Dent MayfieldTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ruane Cunniff & Goldfarb INCInvestment Management767 FIFTH AVENUE SUITE 4701, New York, NY 10153$717,519
The Bridgespan Group INCStrategic Planning Services2 COPLEY PLACE SUITE 3700B, Boston, MA 02116$300,210
Marcum LLPAccounting Services1899 L STREET NW SUITE 850, Washington, DC 20036$103,027
Revenue and Support

Revenue Composition

Contributions and Grants
$2,354,074
Program Service Revenue
$0
Investment Income
$8,401,403
Other Revenue
$-382,553
All Other Contributions
$1,656,544
Change in Net Assets
$602,205

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,563,897
Revenue Not Reported on Financial Statements
$809,027
Revenue Not Reported on Form 990
$-292,376
Total Revenue per Audited Statements
$9,271,521
Total Revenue per Form 990
$10,372,924
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,180,681
Grants and Similar Amounts Paid$3,037,757
Other Expenses$2,450,153
Total Fundraising Expense$524,930
Professional Fundraising Fees$102,128

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,746,881$254,642$47,006$3,048,529
Grants to Domestic Individuals$2,635,849--$2,635,849
Fees for Service Investment Mgmnt Fees-$809,027-$809,027
Current Officers, Directors, Trustees, and Key Employees$366,405$22,466$200,920$589,791
Occupancy$1,518$446,800$3,963$452,281
Grants to Domestic Orgs$401,908--$401,908
Payroll Taxes$232,248$20,608$18,036$270,892
Fees for Services Accounting-$234,218-$234,218
Other Employee Benefits$202,842$17,957$10,543$231,342
Fees for Services Other$109,700$59,200$51,291$220,191
Information Technology$61,530$132,883$374$194,787
Office Expenses$27,907$113,170$1,865$142,942
Fees for Services Professional Fundraising--$102,128$102,128
Conferences and Meetings$34,198$55,863$1,502$91,563
Advertising-$72,000-$72,000
Pension Plan Contributions$35,910$2,368$1,849$40,127
Travel$36,545$221$2,749$39,515
Insurance-$30,037-$30,037
Depreciation Depletion-$18,302-$18,302
Other Expenses$780,996$-841,648$60,652$0
Total Functional Expenses$7,790,078$1,455,711$524,930$9,770,719

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$9,770,719
Total Expenses per Audited Statements$9,683,551
Expenses per Audited Statements$8,961,692
Expenses Not Reported on Financial Statements$809,027
Expenses Not Reported on Form 990$721,859
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
College Success Foundation - District of ColumbiaWashington, DC501(c)(3)Sub-grant Award$401,908
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$512,407
Fundraising Gross Income$122,916
Professional Fundraising Fees$102,128

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$816,535$122,916$229,400$-106,484
Total Events$816,535$122,916$512,407$-389,491
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$179,278
Tenant Improvement Allowance$91,428
Deferred Compensation$40,000
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

Katherine bradley, who serves as a director on the board of directors, is the spouse of david bradley, who also serves as a director on the board of directors.

Form 990, Part VI, Section A, Line 3

During the tax year, dc-cap outsourced the vice president of finance position to an outside consulting firm, marcum llp. The outsourced managerial duties included planning of the organization's budget, along with other administrative finance functions.

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

The tax department at marcum llp prepares the draft form 990 based upon the audited financial statements and information requests presented to management. Upon receipt of the draft, senior management at dc-cap reviews the document for accuracy. The treasurer of the board of directors then reviews the draft form 990. Once final approval is given, the tax accountants issue the final return for management's signature and provide a copy to the board of directors before filing with the internal revenue service.

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

Each employee is provided with the policy during their orientation and it is subsequently reviewed annually. The chief operating officer is responsible for monitoring and enforcing compliance with the conflict of interest policy. In addition, potential vendors are vetted to ensure that no conflict of interest exists. If no conflict of interest exists, the vendor is added to a list of approved vendors with which dc-cap can conduct business. Furthermore, the management at dc-cap monitors its operations from time to time to ensure that there are no undisclosed conflicts of interest in relation to board members and their activities.

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

The president/ceo and vp, programs' total compensation package is determined by research and study sought from an external executive compensation firm engaged every 3 years to provide compensation, incentive, and benefit data. The data is shared with an ad-hoc executive compensation committee made up of board members. The compensation amounts are determined based on comparable compensation packages for presidents and ceos of similar organizations in both size and scope. Recommendations by the consultant are considered and a decision is made by the ad-hoc committee. The chairman of the board of directors then presents and/or negotiates the package with the president/ceo and vp, programs. The most recent compensation study was implemented in august 2019.

Form 990, Part VI, Section C, Line 19

Dc-cap makes its governing documents, conflict of interest policy, federal form 990 and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
District of Columbia College Access
EIN
52-2132835
Phone
2027837933
Address
1425 K STREET NW NO 200, WASHINGTON, DC 20005

Signing Officer

Name
Pinkie Dent Mayfield
Title
Treasurer
Phone
2027837933
Signed
2020-04-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Argelia Rodriguez
Formed
1998
Legal Domicile
Dc
Voting Board Members
23
Independent Board Members
23
Employees
88
Volunteers
22

Preparer

Firm
Marcum Llp
Address
1899 L STREET NW SUITE 850, WASHINGTON, DC 20036
Preparer
Frank H Smith
Phone
2022274000
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

The board of directors of dc-cap has designated certain unrestricted net assets as intended for long-term investment support. Permanently restricted funds are intended to build the capacity of dc-cap to improve its performance programmatically and operationally; expand into the charter school system; and, to enlarge the high school and college retention services programs. The earnings on the endowment funds are not restricted and may be used for general purposes. The temporarily restricted net assets portion of the endowment pertains to the earnings generated from the corpus throughout the life of the endowment.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Special event expenses 512,407.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event expenses 512,407.

Raw XML AppendixShowing 400 of 797 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/Desc0COUNSELING: DC-CAP'S PRIMARY MISSION IS TO PROVIDE COUNSELING SERVICES TO HIGH SCHOOL STUDENTS IN THE DISTRICT OF COLUMBIA PUBLIC SCHOOL SYSTEM (DCPS). SERVICES INCLUDE MOTIVATING STUDENTS TO PREPARE, APPLY, GAIN ACCEPTANCE TO, AND GRADUATE FROM COLLEGE. COUNSELORS ASSIST WITH THE FINANCIAL AID PROCESS BY IDENTIFYING SCHOLARSHIPS AND OTHER FUNDING SOURCES TO CREATE A FINANCIAL AID PACKAGE FOR EACH STUDENT. COUNSELORS ALSO WORK WITH PARENTS OF STUDENTS TO GATHER ALL NECESSARY DOCUMENTATION AND INFORMATION TO ADVANCE THE PROCESS. DC-CAP HAS EXPANDED COUNSELING SERVICES TO CHARTER SCHOOLS. ONCE A STUDENT HAS ENTERED COLLEGE, DC-CAP PROVIDES COLLEGE RETENTION COUNSELING TO GUIDE STUDENTS WITH ANY DIFFICULTIES THEY MAY ENCOUNTER ACADEMICALLY OR PERSONALLY. DC-CAP IS NOT ONLY COMMITTED TO COLLEGE ACCEPTANCE BUT TO ONGOING SUCCESS AND GRADUATION FROM COLLEGE.DC-CAP COUNSELORS OFFER WORKSHOPS, MEETINGS, AND TRAININGS FOR MEMBERS OF THE COMMUNITY INCLUDING PARENTS, TEACHERS, AND INDIVIDUALS INVOLVED WITH STUDENTS IN THE D.C. AREA AND WHO ARE NOT CURRENTLY SERVED BY DC-CAP.DC-CAP PROVIDES STUDENTS WITH "LAST DOLLAR" AWARDS WHICH BRIDGE THE GAP BETWEEN FINANCIAL PACKAGES, THE FAMILY CONTRIBUTION, AND COLLEGE TUITION COSTS. DC-CAP MAKES TWO ANNUAL DISBURSEMENTS FOR SCHOLARSHIP AWARDS WHICH COINCIDE WITH THE SCHOOL YEAR. THE FIRST DISBURSEMENT IS MADE DURING THE FALL SEMESTER, AND THE SECOND DISBURSEMENT IS MADE DURING THE SPRING SEMESTER. EACH STUDENT MAY RECEIVE UP TO $2,000 PER YEAR FOR UP TO 5 YEARS. AS OF JUNE 30, 2019, NO FUTURE COMMITMENTS HAVE BEEN MADE. PAYMENT OF FUTURE FUNDS IS CONTINGENT UPON CONTINUED COLLEGE ENROLLMENT AND FINANCIAL NEED. GRANTS ARE RECORDED WHEN CONTINGENCIES ARE SUBSTANTIALLY FULFILLED.
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IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
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IRS990/OtherExpensesGrp/Desc0PROGRAM FEES & SUPPLIES
IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3G&A ALLOCATION

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • $50M-$100M nonprofits