Civic Intelligence

Perry Street Preparatory Public

EIN 52-2174617 • 501(c)3 • Washington, DC

Profile

We are a community of diverse learners that builds relationships with families to empower students to become college-ready and thrive in a global society.

1800 Perry Street NEWashington, DC 20018

www.pspdc.org

Siviq Scores

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

Liabilities / Assets

78th percentile

0.58x

Higher debt load relative to assets than 78% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

81st percentile

1.21x

Higher debt load relative to revenue than 81% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

57th percentile

7.3%

Higher net margin than 57% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

33rd percentile

$199,145

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Asset Growth

49th percentile

4.7%

Faster asset growth than 49% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

35th percentile

1.6%

Faster revenue growth than 35% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$32,310,887

Up $1,458,593 (+4.7%) from 2024

Liabilities

Up

$18,798,448

Up $327,436 (+1.8%) from 2024

Net Assets

Up

$13,512,439

Up $1,131,157 (+9.1%) from 2024

Operations
Liabilities / Revenue81st percentileNet Margin57th percentile

Revenue

Up

$15,523,863

Up $251,184 (+1.6%) from 2024

Expenses

Up

$14,392,706

Up $630,566 (+4.6%) from 2024

Net Income

Down

$1,131,157

Down $379,382 (-25%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth49th percentile

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

$40M$30M$20M$10M$0Assets 2010: $24,401,929Liabilities 2010: $18,210,666Net Assets 2010: $6,191,2632010Assets 2011: $24,215,292Liabilities 2011: $19,716,647Net Assets 2011: $4,498,6452011Assets 2012: $25,844,767Liabilities 2012: $18,998,846Net Assets 2012: $6,845,9212012Assets 2013: $27,843,250Liabilities 2013: $19,240,143Net Assets 2013: $8,603,1072013Assets 2014: $27,677,275Liabilities 2014: $19,182,490Net Assets 2014: $8,494,7852014Assets 2015: $24,245,424Liabilities 2015: $15,577,649Net Assets 2015: $8,667,7752015Assets 2016: $22,639,678Liabilities 2016: $14,924,870Net Assets 2016: $7,714,8082016Assets 2017: $21,572,169Liabilities 2017: $14,588,599Net Assets 2017: $6,983,5702017Assets 2018: $22,478,976Liabilities 2018: $15,209,558Net Assets 2018: $7,269,4182018Assets 2019: $23,087,047Liabilities 2019: $15,616,109Net Assets 2019: $7,470,9382019Assets 2020: $24,644,957Liabilities 2020: $16,354,210Net Assets 2020: $8,290,7472020Assets 2021: $25,776,163Liabilities 2021: $16,456,770Net Assets 2021: $9,319,3932021Assets 2022: $26,904,755Liabilities 2022: $16,927,271Net Assets 2022: $9,977,4842022Assets 2023: $28,900,406Liabilities 2023: $18,029,663Net Assets 2023: $10,870,7432023Assets 2024: $30,852,294Liabilities 2024: $18,471,012Net Assets 2024: $12,381,2822024Assets 2025: $32,310,887Liabilities 2025: $18,798,448Net Assets 2025: $13,512,4392025

Highlighted filing

2025

Assets$32,310,887
Liabilities$18,798,448
Net Assets$13,512,439
Open 2025 Filing

Operations Trend

Revenue Growth35th percentile

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $12,160,9042010Revenue 2011: $12,299,742Expenses 2011: $13,992,360Net Income 2011: -$1,692,6182011Expenses 2012: $14,566,5902012Expenses 2013: $14,931,4172013Revenue 2014: $15,125,114Expenses 2014: $15,175,307Net Income 2014: -$50,1932014Revenue 2015: $12,874,896Expenses 2015: $12,880,642Net Income 2015: -$5,7462015Revenue 2016: $6,992,827Expenses 2016: $7,958,019Net Income 2016: -$965,1922016Revenue 2017: $6,779,084Expenses 2017: $7,509,341Net Income 2017: -$730,2572017Revenue 2018: $8,355,449Expenses 2018: $8,069,416Net Income 2018: $286,0332018Revenue 2019: $8,628,279Expenses 2019: $8,427,897Net Income 2019: $200,3822019Revenue 2020: $10,198,972Expenses 2020: $9,380,535Net Income 2020: $818,4372020Revenue 2021: $11,208,232Expenses 2021: $10,178,741Net Income 2021: $1,029,4912021Revenue 2022: $13,687,424Expenses 2022: $13,029,333Net Income 2022: $658,0912022Revenue 2023: $13,442,619Expenses 2023: $12,549,360Net Income 2023: $893,2592023Revenue 2024: $15,272,679Expenses 2024: $13,762,140Net Income 2024: $1,510,5392024Revenue 2025: $15,523,863Expenses 2025: $14,392,706Net Income 2025: $1,131,1572025

Highlighted filing

2025

Revenue$15,523,863
Expenses$14,392,706
Net Income$1,131,157
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$32,310,887
Liabilities
$18,798,448
Net assets
$13,512,439
Revenue
$15,523,863
Expenses
$14,392,706
Net income
$1,131,157
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$32.3$18.8$13.5$15.5$14.4$1.13
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.9$18.5$12.4$15.3$13.8$1.51
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.9$18.0$10.9$13.4$12.5$0.89
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.9$16.9$9.98$13.7$13.0$0.66
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.8$16.5$9.32$11.2$10.2$1.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.6$16.4$8.29$10.2$9.38$0.82
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.1$15.6$7.47$8.63$8.43$0.20
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.5$15.2$7.27$8.36$8.07$0.29
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.6$14.6$6.98$6.78$7.51$0.73
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.6$14.9$7.71$6.99$7.96$0.97
2015Detailed filing. Detailed filing data is available for this year.$24.2$15.6$8.67$12.9$12.9$0.01
2014Detailed filing. Detailed filing data is available for this year.$27.7$19.2$8.49$15.1$15.2$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.8$19.2$8.60$14.9
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.8$19.0$6.85$14.6
2011Summary only. Only limited summary data is available for this year.$24.2$19.7$4.50$12.3$14.0$1.69
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.4$18.2$6.19$12.2
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 26, 2026
Return Version
2024v5.5
Gross Receipts
$15,674,234
Mission and Program Overview

Mission

To develop socially responsible leaders while transforming public education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$13,425,006$14,735,277▲ $1,310,271
Land, Buildings, and Equipment, Net$11,113,519$10,386,916▼ $726,603
Cash and Non-Interest-Bearing Accounts$3,475,800$4,508,431▲ $1,032,631
Investments in Publicly Traded Securities$841,667$841,667→ $0
Pledges and Grants Receivable$703,210$486,470▼ $216,740
Prepaid Expenses and Deferred Charges$318,011$352,422▲ $34,411
Accounts Receivable$48,667$56,935▲ $8,268
Total Assets$30,852,294$32,310,887▲ $1,458,593
Other Assets Total$926,414$942,769▲ $16,355
Liabilities
Tax Exempt Bond Liabilities$12,013,533$12,070,033▲ $56,500
Other Liabilities$5,480,545$5,645,726▲ $165,181
Accounts Payable and Accrued Expenses$976,934$938,889▼ $38,045
Deferred Revenue-$143,800-
Total Liabilities$18,471,012$18,798,448▲ $327,436
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,325,577$13,484,584▲ $1,159,007
Net Assets With Donor Restrictions$55,705$27,855▼ $27,850
Total Net Assets Fund Balance$12,381,282$13,512,439▲ $1,131,157
Total Liabilities and Net Assets / Fund Balance$30,852,294$32,310,887▲ $1,458,593

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$10,253,586$11,050,712$21,304,298
Equipment$81,048$417,746$498,794
Other Land Buildings$52,282$388,685$440,967
Compensation and Service Providers
Top Officer Pay33rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rachel Crouch Principal& Chief Academic OfficerFT$178,225$20,920$199,145
Wallace SellarsAssistant PrincipalFT$139,886$6,993$146,879
Ashley KnightTeacherFT$121,531$22,143$143,674
Essence CogginsTeacherFT$123,628$18,351$141,979
Ivy ValantAssistant PrincipalFT$126,161$15,653$141,814
Danielle Truitt-mccaskillAssistant PrincipalFT$120,502$18,351$138,853
Kelly Smith Chief Operations& Finance Officer Until June 2024FT$93,738-$93,738
Porsche Paulding Chief Ops& Finance Officer as of June 2024FT$72,808-$72,808

Board Members and Trustees

NameTitle
Cydney WaltonChair
Tichaundra StromanVice Chair
Abiola JohnsonBoard Member
Aisha DericottBoard Member
Brandon FraizerBoard Member
Bruce NewbyBoard Member
Kelly MiddletonBoard Member
Melissa LazarinBoard Member
Shannon SmithBoard Member
Hassan ChristianSecretary
Andrew AlmandTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Tensquare LLCConsulting & Training Services1101 17TH ST NW STE 1006, Washington, DC 20036$652,899
Genuine FoodsFood Services228 PARK AVENUE S PMB 69981, New York, NY 10003$591,803
Busy Bee Environmental ServiceBuilding Services7826 EASTERN AVENUE NW 503, Washington, DC 20012$431,131
Sterling Speech Associates LLCSpeech Therapy2509 N CAPITOL ST NE, Washington, DC 20002$334,203
Align StaffingHealth Services1910 TOWNE CENTRE BLVD STE 250, Annapolis, MD 21401$218,832
Revenue and Support

Revenue Composition

Contributions and Grants
$1,631,039
Program Service Revenue
$13,161,868
Investment Income
$501,301
Other Revenue
$229,655
All Other Contributions
$11,232
Change in Net Assets
$1,131,157

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Food Inventory3$38,560Fair Market Value (FMV)
Total Noncash Contributions3$38,560-

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,523,863
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$159,140
Total Revenue per Audited Statements
$15,683,003
Total Revenue per Form 990
$15,523,863
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,545,065
Other Expenses$5,847,641
Total Fundraising Expense$7,130
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,244,954$538,387$2,067$6,785,408
Occupancy$1,479,993$36,141$2,483$1,518,617
Fees for Services Other$1,040,866$148,412-$1,189,278
Depreciation Depletion$1,078,773$27,836$1,296$1,107,905
Other Employee Benefits$607,879$54,575$209$662,663
Payroll Taxes$579,610$52,037$199$631,846
Current Officers, Directors, Trustees, and Key Employees$355,875$30,758$118$386,751
Office Expenses$149,063$35,405$434$184,902
Fees for Services Accounting$2,975$180,215-$183,190
Information Technology$162,866$14,622$57$177,545
Insurance$120,670$10,504$132$131,306
Pension Plan Contributions$71,915$6,457$25$78,397
Fees for Services Legal$313$18,956-$19,269
Other Expenses$8,784$878$98$9,760
Total Functional Expenses$13,207,292$1,178,284$7,130$14,392,706

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$14,551,846
Expenses per Audited Statements$14,392,706
Total Expenses per Form 990$14,392,706
Expenses Not Reported on Form 990$159,140
Expenses Not Reported on Financial Statements$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 Lease Liability$5,599,924
Security Deposits Payable$39,000
Finance Lease Liability$6,802

Bond Issues

BondIssuerIssuedIssue PricePurpose
ADistrict of Columbia Revenue Bonds2010-05-13$12,625,000FACILITY RENOVATION

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$12,625,000---

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
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
Yes
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 is reviewed by the chief operating officer, then by the finance committee and it is included in the board package. It is signed by the chief operating officer after being approved by the board.”

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

“The school distributes the policy to every board member and they each acknowledge that they have received it and read the policy and disclose if there are any conflicts of interest. The signed policies are kept in the business office. All employees sign a statement saying that they have read and understood the contents of the employee handbook. In the handbook employees are encouraged to avoid becoming involved in activities that conflict with perry street prep duties and responsibilities. Regardless of the source or value of any gift, cash or favor, employees and any members of the employee's family must decline any gift offered under circumstances indicating that its purpose is to influence the employee in the performance of his/her job. In addition, employees must refuse any gifts of nominal value if they are part of a pattern or practice which, when viewed as a whole, would be considered lavish or expensive.”

Form 990, Part VI, Section B, Line 15

“The school's board members determine the compensation of the chief operating officer and the principal by researching competitive salaries via the 990s of other schools, independently generated salary surveys and the evaluation of employee's performance. The compensation reviews for are done annually after the completion of employee performance reviews by the board of trustees, and during the completion of the annual budget cycle. The executive compensation was reviewed by the finance committee during the budgeting process in june 2025.”

Form 990, Part VI, Section C, Line 19

“The governing documents are available to the public upon request and are on the school's website.”

Filing and Contact Details

Filer

Filer Name
Perry Street Preparatory Public
EIN
52-2174617
Phone
2025294400
Address
1800 PERRY STREET NE, WASHINGTON, DC 20018

Signing Officer

Name
Porsche Paulding
Title
Chief Operating Officer
Phone
2025294400
Signed
2026-02-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Porsche Paulding
Formed
1999
Legal Domicile
Dc
Voting Board Members
11
Independent Board Members
11
Employees
112
Volunteers
10

Preparer

Firm
Jm&m
Address
1730 RHODE ISLAND AVE NW SUITE 800, WASHINGTON, DC 20036
Preparer
Meena Bishnoi
Phone
2022963306
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“These processes have not changed from the prior year.”

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 were no unrecognized tax benefits or liabilities that needed to be recorded.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Direct rental expenses 150,371.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Direct rental expenses 150,371.”

Raw XML AppendixShowing 400 of 672 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO DEVELOP SOCIALLY RESPONSIBLE LEADERS WHILE TRANSFORMING PUBLIC EDUCATION.
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IRS990/BooksInCareOfDetail/USAddress/CityNm0WASHINGTON
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IRS990/Desc0THE SCHOOL'S CHARTER PROVIDES FOR ENROLLMENT OF UP TO 850 STUDENTS IN PRE-KINDERGARTEN (THREE YEARS OLD) THROUGH EIGHTH GRADE.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0& CHIEF ACADEMIC OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt1ASSISTANT PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt2TEACHER
IRS990/Form990PartVIISectionAGrp/TitleTxt3TEACHER
IRS990/Form990PartVIISectionAGrp/TitleTxt4ASSISTANT PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt5ASSISTANT PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt6& FINANCE OFFICER UNTIL JUNE 2024
IRS990/Form990PartVIISectionAGrp/TitleTxt7& FINANCE OFFICER AS OF JUNE 2024
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
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IRS990/MinutesOfCommitteesInd01
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11631758
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21379
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011528731
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11631758

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