Civic Intelligence

Thurgood Marshall Academy

EIN 52-2265744 • 501(c)3 • Washington, DC

Profile

The mission of thurgood marshall academy is to prepare students to succeed in college and to actively engage in our democratic society.

2427 Martin Luther King Jr Ave SWashington, DC 20020

www.thurgoodmarshallacademy.org

Siviq Scores

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

Liabilities / Assets

30th percentile

0.05x

Higher debt load relative to assets than 30% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

26th percentile

0.07x

Higher debt load relative to revenue than 26% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

47th percentile

3.1%

Higher net margin than 47% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

63rd percentile

$226,739

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

46th percentile

3.2%

Faster asset growth than 46% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

50th percentile

7.3%

Faster revenue growth than 50% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$17,485,772

Up $542,512 (+3.2%) from 2023

Liabilities

Up

$913,233

Up $154,676 (+20%) from 2023

Net Assets

Up

$16,572,539

Up $387,836 (+2.4%) from 2023

Revenue

Up

$12,556,795

Up $855,555 (+7.3%) from 2023

Expenses

Up

$12,168,959

Up $629,652 (+5.5%) from 2023

Net Income

Up

$387,836

Up $225,903 (+140%) from 2023

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $27,050,898Liabilities 2010: $22,910,208Net Assets 2010: $4,140,6902010Assets 2011: $29,073,510Liabilities 2011: $22,803,517Net Assets 2011: $6,269,9932011Assets 2012: $29,309,573Liabilities 2012: $22,850,810Net Assets 2012: $6,458,7632012Assets 2013: $29,463,064Liabilities 2013: $22,750,295Net Assets 2013: $6,712,7692013Assets 2014: $15,546,909Liabilities 2014: $2,143,527Net Assets 2014: $13,403,3822014Assets 2015: $15,999,345Liabilities 2015: $1,806,026Net Assets 2015: $14,193,3192015Assets 2016: $15,874,320Liabilities 2016: $1,576,044Net Assets 2016: $14,298,2762016Assets 2017: $16,009,305Liabilities 2017: $1,426,372Net Assets 2017: $14,582,9332017Assets 2018: $15,490,321Liabilities 2018: $422,615Net Assets 2018: $15,067,7062018Assets 2019: $15,897,662Liabilities 2019: $496,796Net Assets 2019: $15,400,8662019Assets 2020: $17,601,205Liabilities 2020: $1,659,526Net Assets 2020: $15,941,6792020Assets 2021: $17,879,302Liabilities 2021: $641,786Net Assets 2021: $17,237,5162021Assets 2022: $16,888,597Liabilities 2022: $865,827Net Assets 2022: $16,022,7702022Assets 2023: $16,943,260Liabilities 2023: $758,557Net Assets 2023: $16,184,7032023Assets 2024: $17,485,772Liabilities 2024: $913,233Net Assets 2024: $16,572,5392024

Highlighted filing

2024

Assets$17,485,772
Liabilities$913,233
Net Assets$16,572,539

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $7,789,2522010Expenses 2011: $8,083,8672011Expenses 2012: $8,342,6212012Expenses 2013: $8,455,5562013Revenue 2014: $21,615,399Expenses 2014: $8,892,878Net Income 2014: $12,722,5212014Revenue 2015: $8,667,217Expenses 2015: $7,877,280Net Income 2015: $789,9372015Revenue 2016: $8,248,739Expenses 2016: $8,143,782Net Income 2016: $104,9572016Revenue 2017: $8,744,916Expenses 2017: $8,460,259Net Income 2017: $284,6572017Revenue 2018: $9,277,256Expenses 2018: $8,792,483Net Income 2018: $484,7732018Revenue 2019: $9,275,358Expenses 2019: $8,942,198Net Income 2019: $333,1602019Revenue 2020: $9,704,544Expenses 2020: $9,163,731Net Income 2020: $540,8132020Revenue 2021: $11,231,960Expenses 2021: $9,936,123Net Income 2021: $1,295,8372021Revenue 2022: $10,588,580Expenses 2022: $11,803,326Net Income 2022: -$1,214,7462022Revenue 2023: $11,701,240Expenses 2023: $11,539,307Net Income 2023: $161,9332023Revenue 2024: $12,556,795Expenses 2024: $12,168,959Net Income 2024: $387,8362024

Highlighted filing

2024

Revenue$12,556,795
Expenses$12,168,959
Net Income$387,836

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.5$0.91$16.6$12.6$12.2$0.39
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.9$0.76$16.2$11.7$11.5$0.16
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.9$0.87$16.0$10.6$11.8$1.21
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.9$0.64$17.2$11.2$9.94$1.30
2020Detailed filing. Detailed filing data is available for this year.$17.6$1.66$15.9$9.70$9.16$0.54
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.9$0.50$15.4$9.28$8.94$0.33
2018Detailed filing. Detailed filing data is available for this year.$15.5$0.42$15.1$9.28$8.79$0.48
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.0$1.43$14.6$8.74$8.46$0.28
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.9$1.58$14.3$8.25$8.14$0.10
2015Detailed filing. Detailed filing data is available for this year.$16.0$1.81$14.2$8.67$7.88$0.79
2014Detailed filing. Detailed filing data is available for this year.$15.5$2.14$13.4$21.6$8.89$12.7
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.5$22.8$6.71$8.46
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.3$22.9$6.46$8.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.1$22.8$6.27$8.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.1$22.9$4.14$7.79
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$12,620,471
Mission and Program Overview

Mission

The mission of thurgood marshall academy is to prepare students to succeed in college and to actively engage in our democratic society.

Thurgood marshall academy prepares high school students for success in college and civic life through a program featuring a data-driven curriculum and wrap-around youth development service. It teaches roughly 350 students per year, most of whom live in under-resourced neighborhoods.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,296,831$9,034,821▼ $262,010
Savings and Temporary Cash Investments$5,302,315$6,723,985▲ $1,421,670
Pledges and Grants Receivable$2,127,836$1,414,649▼ $713,187
Prepaid Expenses and Deferred Charges$190,111$182,826▼ $7,285
Accounts Receivable-$67,417-
Cash and Non-Interest-Bearing Accounts$1,132$1,208▲ $76
Total Assets$16,943,260$17,485,772▲ $542,512
Other Assets Total$25,035$60,866▲ $35,831
Liabilities
Other Liabilities$430,118$519,905▲ $89,787
Accounts Payable and Accrued Expenses$291,944$322,593▲ $30,649
Deferred Revenue$36,495$70,735▲ $34,240
Total Liabilities$758,557$913,233▲ $154,676
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,099,845$16,539,995▲ $440,150
Net Assets With Donor Restrictions$84,858$32,544▼ $52,314
Total Net Assets Fund Balance$16,184,703$16,572,539▲ $387,836
Total Liabilities and Net Assets / Fund Balance$16,943,260$17,485,772▲ $542,512

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,298,429$7,587,803$15,886,232
Equipment$554,392$2,793,293$3,347,685
Land$182,000-$182,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Raymond WeedenExecutive DirectorFT$167,385$59,354$226,739
David SchlossmanChief Operating OfficerFT$140,571$29,093$169,664
Malika MaysHead of SchoolFT$139,962$21,829$161,791
Samantha Koonce GainesTeacherFT$108,269$20,264$128,533
Stephanie BrownDirector of Sdt. AffairsFT$108,046$18,793$126,839
Elena RobertsAssociate Head of SchoolFT$111,271$12,996$124,267
Demetrius TaylorTeacherFT$109,241$3,739$112,980

Board Members and Trustees

NameTitle
Mark HarrisonChair of the Board of Trustees
Danielle BierzynskiVice-chair of the Board of Trustees
Alicia MccordSecretary & Trustee From 2/15/24
Laurence TelsonSecretary & Trustee Thru 2/15/24
Jinah BryantTreasurer & Trustee
Aleisha JamesTrustee
Ameen BealeTrustee
Arlene WilliamsTrustee
Bruce BermanTrustee
Dan GordonTrustee
Jonathan StoelTrustee
Richard RoeTrustee
Jerome EpsteinTrustee Thru 12/31/23

Highest Paid Contractors

ContractorServicesLocationCompensation
Building Hope A Charter School FacilitiAccounting & Hr Services910 17TH ST NW 1100, Washington, DC 20006$277,769
Bolana Capitol Enterprises INCJanitorial4645 NANNIE HELEN BURROUGHS AVE NE, Washington, DC 20019$204,452
Marcum LLPAccounting & Hr ServicesPO BOX 95000-2288, Philadelphia, PA 19195-0001$176,862
Blackout Investigations & Security ServiSecurity1009 CHAFF WAY, La Plata, MD 20646$147,231
Top Spanish Cafe & Catering INCStudent Meal Service3541 GEORGIA AVE NW, Washington, DC 20010$131,684
Revenue and Support

Revenue Composition

Contributions and Grants
$2,885,059
Program Service Revenue
$9,521,003
Investment Income
$193,533
Other Revenue
$-42,800
All Other Contributions
$140,008
Change in Net Assets
$387,836

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,620,471
Revenue Not Reported on Financial Statements
$-63,676
Revenue Not Reported on Form 990
$905,456
Other Revenue Adjustments
$-63,676
Total Revenue per Audited Statements
$13,525,927
Total Revenue per Form 990
$12,556,795
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,229,416
Other Expenses$3,853,006
Total Fundraising Expense$424,119
Professional Fundraising Fees$80,113
Grants and Similar Amounts Paid$6,424

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,409,330$73,460$185,282$6,668,072
Occupancy$759,509$18,125$22,093$799,727
Depreciation Depletion$605,478$14,449$20,794$640,721
Other Employee Benefits$545,378$14,604$23,510$583,492
Payroll Taxes$466,306$11,128$16,015$493,449
Travel$375,136--$375,136
Current Officers, Directors, Trustees, and Key Employees$232,194$87,446$46,279$365,919
Fees for Services Accounting-$323,760-$323,760
Information Technology$240,483$5,739$7,941$254,163
Office Expenses$182,230$4,349$1,912$188,491
All Other Expenses$138,075$3,292$4,545$145,912
Pension Plan Contributions$111,967$2,672$3,845$118,484
Other Expenses$108,816$2,856$4,111$108,816
Fees for Services Professional Fundraising--$80,113$80,113
Insurance$69,487$1,658$2,386$73,531
Fees for Services Legal-$14,633-$14,633
Fees for Services Other$13,701$327$471$14,499
Grants to Domestic Individuals$6,424--$6,424
Total Functional Expenses$11,162,989$581,849$424,119$12,168,959

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$13,138,091
Expenses per Audited Statements$12,168,959
Total Expenses per Form 990$12,168,959
Expenses Not Reported on Form 990$969,132
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$80,113
Fundraising Direct Expenses$63,676
Fundraising Gross Income$700

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala Showcase$133,715$700$26,945$-26,245
Total Events$133,715$700$63,676$-62,976
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Salaries & Benefits$459,136
Operating Lease Liabilities$60,769
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 A, Line 1A

From time to time a trustee agrees and the board approves service as a non-voting member to preserve an odd number of voting trustees.

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

Thurgood marshall academy used the following process to review the prepared form 990 before it was filed with the irs: (1) the chief operating officer (management) actively participated in the preparation of the form 990, providing information to and seeking feedback from the school's accountants and tax prepares for several weeks prior to filing; then, roughly one week prior to filing, (2) management (the coo and the executive director) reviewed the prepared form 990 prior to filing; and (3) the board of trustees was provided the prepared form 990 via electronic mail prior to filing.

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

Thurgood marshall academy monitors and enforces compliance with conflict of interest policies at both the board and staff levels. Members of the board comply with conflict of interest policies by annually responding to a survey that includes the policy, an affirmation that members will abide by it, and an opportunity to report any possible conflicts. The chief operating officer reviews the surveys and alerts the board chair of any issues in order to develop a resolution to any potential conflicts. The policy states that board members are to report potential conflicts on an ongoing basis. Employees of the school received (and sign acknowledgement of) a personnel policy manual that includes an explicit prohibition of conflicts of interest and a requirement that any potential conflict be reported to the employee's supervisor. Supervisors resolve possible conflicts of interest or report the issue to their supervisors. The chief operating officer and executive director further monitor and enforce conflict of interest policies by actively supervising the school's contracts and financial transactions.

Form 990, Part VI, Section B, Line 15

Thurgood marshall academy's determination of compensation for the executive director as well as for other employees included review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision. The compensation of the executive director (who is an employee and not a member of the board) was determined by the board of trustees, all of whom are independent of and have no family or business relation with the executive director. In reviewing and approving the executive director compensation, the board reviewed comparability data regarding pay of similar executives at comparable institutions and of general trends in the local employment market. They documented the deliberation and decision by retaining correspondence and research and through forms authorizing executive pay. The compensation of other staff was conducted by the executive director, who is independent of and has no family or business relationships with any employees. The executive director considered comparability data regarding pay scales for similar workers and the general local employment market, and documented deliberation and decisions in the work-papers of the annual budget approved by the board.

Form 990, Part VI, Section C, Line 19

Thurgood marshall academy provides governing and financial documents to its authorizing body, the dc public charter school board, which provides public access to the documents as governed by district of columbia and federal law. Documents are also published on the organization's website when required by law, and are available upon request.

FORM 990, PAGE 6, PART VI, SECTION A, LINE 1A:

The executive committee of the thurgood marshall academy board of trustees is composed of the board chair (who presides), the vice-chair, the secretary, and the treasurer. The executive committee has the option to add an at-large member of the board to the committee. All members of the executive committee are also members of the board of trustees (the governing body). The executive committee is responsible for working in support of the full board. The work of the committee, to the extent permitted by district of columbia law, revolves around five major areas: (1) performing policy work as directed by the board, or when it affects the work of the executive committee.; (2) acting as liaison to the chief executive; (3) helping develop a strategic plan; (4) conducting executive searches; and (5) addressing urgent issues to resolve an emergency or organizational crisis.

Filing and Contact Details

Filer

Filer Name
Thurgood Marshall Academy
EIN
52-2265744
Phone
2025636862
Address
2427 MARTIN LUTHER KING JR AVE S, WASHINGTON, DC 20020
Doing Business As
Thurgood Marshall Academy Public Charter High School

Signing Officer

Name
Raymond Weeden
Title
Executive Director
Phone
2025636862
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Raymond Weeden
Formed
2000
Legal Domicile
Dc
Voting Board Members
11
Independent Board Members
11
Employees
96
Volunteers
300

Preparer

Firm
Rsm US Llp
Address
919 EAST MAIN STREET SUITE 1800, RICHMOND, VA 23219
Preparer
Meredith Bell
Phone
8042822121
Supplemental Narrative

Additional Explanations

FORM 990, PAGE 1, PART 1, LINE 6, ESTIMATE OF THE NUMBER OF VOLUNTEERS:

Thurgood marshall academy supports students' academic and personal development through programs including tutoring and specialized extracurricular programs. These programs draw upon volunteers from dc's professional community; the total number of volunteers is estimated at 300. For instance, one tutoring program alone connects roughly 70 students biweekly with volunteers at several area law firms (estimate solely for this program is 5 firms/year x 20 volunteers/firm).

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Special event expense reported on part viii, line 8b -63,676.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event expense reported on part viii, line 8b 63,676.

Raw XML AppendixShowing 400 of 716 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
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0291944
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0322593
IRS990/AccountsReceivableGrp/EOYAmt067417
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THURGOOD MARSHALL ACADEMY PREPARES HIGH SCHOOL STUDENTS FOR SUCCESS IN COLLEGE AND CIVIC LIFE THROUGH A PROGRAM FEATURING A DATA-DRIVEN CURRICULUM AND WRAP-AROUND YOUTH DEVELOPMENT SERVICE. IT TEACHES ROUGHLY 350 STUDENTS PER YEAR, MOST OF WHOM LIVE IN UNDER-RESOURCED NEIGHBORHOODS.
IRS990/AllOtherContributionsAmt0140008
IRS990/AllOtherExpensesGrp/FundraisingAmt04545
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt03292
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0138075
IRS990/AllOtherExpensesGrp/TotalAmt0145912
IRS990/AnnualDisclosureCoveredPrsnInd01
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IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0RAYMOND WEEDEN EXECUTIVE DIRECTOR
IRS990/BooksInCareOfDetail/PhoneNum02025636862
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02427 MARTIN LUTHER KING JR AVE SE
IRS990/BooksInCareOfDetail/USAddress/CityNm0WASHINGTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0DC
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IRS990/Desc0THURGOOD MARSHALL ACADEMY HAS A SINGLE PROGRAM--EDUCATION VIA DATA-DRIVEN INSTRUCTION AND YOUTH-DEVELOPMENT ACTIVITIES. IN THE FISCAL YEAR ENDING 6/30/2024, THE SCHOOL SERVED 338 STUDENTS DURING THE ROUGHLY 180-DAY SCHOOL YEAR AS WELL AS ROUGHLY 200 STUDENTS DURING SUMMER PROGRAMMING. HISTORICALLY, THE SCHOOL'S STUDENTS' SCORES ON STANDARDIZED TESTS HAVE BEEN ABOVE THE AVERAGE FOR OPEN ENROLLMENT HIGH SCHOOLS IN DC. SUBSTANTIALLY ALL GRADUATING SENIORS WERE ACCEPTED TO COLLEGE.
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IRS990/Form990PartVIISectionAGrp/PersonNm1DANIELLE BIERZYNSKI
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IRS990/Form990PartVIISectionAGrp/PersonNm16ELENA ROBERTS
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IRS990/Form990PartVIISectionAGrp/PersonNm18SAMANTHA KOONCE GAINES
IRS990/Form990PartVIISectionAGrp/PersonNm19STEPHANIE BROWN
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR OF THE BOARD OF TRUSTEES
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-CHAIR OF THE BOARD OF TRUSTEES
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER & TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY & TRUSTEE FROM 2/15/24
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY & TRUSTEE THRU 2/15/24
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt14CHIEF OPERATING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt15HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt16ASSOCIATE HEAD OF SCHOOL
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IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR OF SDT. AFFAIRS
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IRS990/MissionDesc0THE MISSION OF THURGOOD MARSHALL ACADEMY IS TO PREPARE STUDENTS TO SUCCEED IN COLLEGE AND TO ACTIVELY ENGAGE IN OUR DEMOCRATIC SOCIETY.
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