Civic Intelligence

Emerson Institute

990 • Fiscal year 2015 • EIN 53-0062990

Jan 01, 2015 to Dec 31, 2015 • Filed on Jan 28, 2017

Organization Profilewww.emersonprep.net
1324 18th St NWWashington, DC 20036

(202) 785-2877

Siviq Scores

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

Liabilities / Assets

96th percentile

1.46x

Higher debt load relative to assets than 96% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

83rd percentile

0.49x

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

26th percentile

-5.8%

Higher net margin than 26% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

84th percentile

$83,974

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

98th percentile

315%

Faster asset growth than 98% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

71st percentile

17%

Faster revenue growth than 71% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$315,430

Up $239,397 (+315%) from 2014

Net Assets

Down

-$145,360

Down $34,235 (-31%) from 2014

Liabilities

Up

$460,790

Up $273,632 (+146%) from 2014

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin26th percentile

Revenue

Up

$948,610

Up $136,425 (+17%) from 2014

Expenses

Up

$1,004,015

Up $86,825 (+9.5%) from 2014

Net Income

Up

-$55,405

Up $49,600 (+47%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$600K$400K$200K$0-$200KAssets 2010: $149,210Liabilities 2010: $126,031Net Assets 2010: $23,1792010Assets 2011: $83,125Liabilities 2011: $84,973Net Assets 2011: -$1,8482011Assets 2012: $72,735Liabilities 2012: $149,641Net Assets 2012: -$76,9072012Assets 2013: $235,789Liabilities 2013: $241,908Net Assets 2013: -$6,1192013Assets 2014: $76,033Liabilities 2014: $187,158Net Assets 2014: -$111,1252014Assets 2015: $315,430Liabilities 2015: $460,790Net Assets 2015: -$145,3602015Assets 2016: $428,169Liabilities 2016: $431,415Net Assets 2016: -$3,2462016Assets 2017: $441,172Liabilities 2017: $452,759Net Assets 2017: -$11,5872017Assets 2018: $481,980Liabilities 2018: $479,903Net Assets 2018: $2,0772018Assets 2019: $154,303Liabilities 2019: $180,894Net Assets 2019: -$26,5912019Assets 2020: $206,113Liabilities 2020: $259,345Net Assets 2020: -$53,2322020

Highlighted filing

2015

Assets$315,430
Liabilities$460,790
Net Assets-$145,360
Open 2015 Filing

Operations Trend

Revenue Growth71st percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2010: $710,139Expenses 2010: $728,549Net Income 2010: -$18,4102010Revenue 2011: $711,692Expenses 2011: $736,719Net Income 2011: -$25,0272011Revenue 2012: $825,602Expenses 2012: $889,490Net Income 2012: -$63,8882012Revenue 2013: $859,320Expenses 2013: $785,876Net Income 2013: $73,4442013Revenue 2014: $812,185Expenses 2014: $917,190Net Income 2014: -$105,0052014Revenue 2015: $948,610Expenses 2015: $1,004,015Net Income 2015: -$55,4052015Revenue 2016: $1,172,937Expenses 2016: $1,030,823Net Income 2016: $142,1142016Revenue 2017: $537,353Expenses 2017: $545,694Net Income 2017: -$8,3412017Revenue 2018: $1,012,948Expenses 2018: $999,284Net Income 2018: $13,6642018Revenue 2019: $1,079,226Expenses 2019: $1,106,978Net Income 2019: -$27,7522019Revenue 2020: $881,925Expenses 2020: $908,566Net Income 2020: -$26,6412020

Highlighted filing

2015

Revenue$948,610
Expenses$1,004,015
Net Income-$55,405
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jan 28, 2017
Return Version
2015v3.0
Gross Receipts
$948,610
Mission and Program Overview

Mission

Founded in 1852 in the honor of george emerson, the institute originally prepared washington-area boys to enter harvard college and continues as a college preparatory school with a progressive philosophy of student-centered programs for families seeking a healthier, happier, and stimulating education.

The institute originally prepared washington-area boys to enter harvard college and continues as a college preparatory school with a progressive philosophy of student-centered programs for families seeking a healthier, happier, and stimulating education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$149,152$202,169▲ $53,017
Cash and Non-Interest-Bearing Accounts$67,055$96,386▲ $29,331
Loans From Officers Directors$30,000--
Prepaid Expenses and Deferred Charges$6,105$10,832▲ $4,727
Land, Buildings, and Equipment, Net$6,026$5,633▼ $393
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$228,748$315,430▲ $86,682
Other Assets Total$410$410→ $0
Liabilities
Deferred Revenue$258,182$456,941▲ $198,759
Unsecured Notes Loans Payable$25,000--
Accounts Payable and Accrued Expenses$5,521$3,849▼ $1,672
Total Liabilities$318,703$460,790▲ $142,087
Net Assets / Fund Balance
Unrestricted Net Assets$-89,955$-145,360▼ $55,405
Total Net Assets Fund Balance$-89,955$-145,360▼ $55,405
Total Liabilities and Net Assets / Fund Balance$228,748$315,430▲ $86,682

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,633$41,515$47,148
Other Land Buildings-$18,578$18,578
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jon ShicklerExecutive DirectorFT$83,974$83,974
John GlickDirectorFT$32,608$32,608

Board Members and Trustees

NameTitle
Mark GrovicChairman
Janet SvirskyDirector
Kwasi AsariDirector
P Kevin SmithDirector
Patricia EisnerDirector
Tony WatsonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,400
Program Service Revenue
$947,210
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,400
Change in Net Assets
$-55,405

Audited Revenue Reconciliation

Revenue per Audited Statements
$948,610
Total Revenue per Audited Statements
$948,610
Total Revenue per Form 990
$948,610
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$599,641
Other Expenses$404,374
Total Fundraising Expense$2,883
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$344,303$77,851$1,247$423,401
Occupancy$150,524$34,035$545$185,104
Current Officers, Directors, Trustees, and Key Employees$94,802$21,437$343$116,582
All Other Expenses$42,863$4,479$72$47,414
Fees for Services Accounting$37,342$8,444$135$45,921
Payroll Taxes$37,088$8,386$134$45,608
Insurance$16,743$3,786$61$20,590
Fees for Services Other$16,224$3,346$54$19,624
Other Expenses$12,780$2,890$46$15,716
Other Employee Benefits$11,425$2,584$41$14,050
Office Expenses$4,657$1,053$17$5,727
Depreciation Depletion$2,597$587$9$3,193
Advertising$2,356$533$8$2,897
Travel$282$64$1$347
Total Functional Expenses$821,021$180,111$2,883$1,004,015

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,004,015
Total Expenses per Audited Statements$1,004,015
Total Expenses per Form 990$1,004,015
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$30,000--
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, Line 11B: Form 990 Review Process

“Draft form 990 is reviewed by management and the board of directors prior to filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The board actively monitors and requires conflict of interest certifications from its members. The board monitors and authorizes significant contracts with service providers, vendors, and suppliers.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The board reviews the executive director's compensation in light of compensation reasonable with that of other similar organizations and in consideration of entire benefits offered, cost of living in the washington metropolitan area, financial contraints of the institute, and other economic facors.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The institute makes its application for exemption and other organziational documents and form 990s available upon request. Additionally, the institue's form 990s are also widely available on websites of various watchdog organizations.”

Filing and Contact Details

Filer

Filer Name
Emerson Institute
EIN
53-0062990
Phone
2027852877
Address
1324 18TH ST NW, WASHINGTON, DC 20036

Signing Officer

Name
Jon Shickler
Title
Executive Director
Signed
2017-01-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Grovic
Formed
1852
Legal Domicile
Dc
Voting Board Members
8
Independent Board Members
8
Employees
20
Volunteers
15

Preparer

Firm
Frye & Company CPAs
Address
9161 Liberia Ave Ste 304, Manassas, VA 20110
Preparer
Mark R Frye CPA
Phone
7032570660
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 1: Change of Accounting Method

“The institute completed its first audit of its financial statements necessitating converting to the accrual basis of accounting.”

Raw XML AppendixShowing 400 of 466 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt05521
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt03849
IRS990/AccountsReceivableGrp/BOYAmt0149152
IRS990/AccountsReceivableGrp/EOYAmt0202169
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE INSTITUTE ORIGINALLY PREPARED WASHINGTON-AREA BOYS TO ENTER HARVARD COLLEGE AND CONTINUES AS A COLLEGE PREPARATORY SCHOOL WITH A PROGRESSIVE PHILOSOPHY OF STUDENT-CENTERED PROGRAMS FOR FAMILIES SEEKING A HEALTHIER, HAPPIER, AND STIMULATING EDUCATION.
IRS990/AdvertisingGrp/FundraisingAmt08
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0533
IRS990/AdvertisingGrp/ProgramServicesAmt02356
IRS990/AdvertisingGrp/TotalAmt02897
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherContributionsAmt01400
IRS990/AllOtherExpensesGrp/FundraisingAmt072
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt04479
IRS990/AllOtherExpensesGrp/ProgramServicesAmt042863
IRS990/AllOtherExpensesGrp/TotalAmt047414
IRS990/AmendedReturnInd0X
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0THE INSTITUTE
IRS990/BooksInCareOfDetail/PhoneNum02027852877
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01324 18TH ST NW
IRS990/BooksInCareOfDetail/USAddress/CityNm0WASHINGTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0DC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd020036
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt067055
IRS990/CashNonInterestBearingGrp/EOYAmt096386
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt0343
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt021437
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt094802
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0116582
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01400
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0404374
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0947210
IRS990/CYRevenuesLessExpensesAmt0-55405
IRS990/CYSalariesCompEmpBnftPaidAmt0599641
IRS990/CYTotalExpensesAmt01004015
IRS990/CYTotalFundraisingExpenseAmt02883
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0948610
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0258182
IRS990/DeferredRevenueGrp/EOYAmt0456941
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt09
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0587
IRS990/DepreciationDepletionGrp/ProgramServicesAmt02597
IRS990/DepreciationDepletionGrp/TotalAmt03193
IRS990/Desc0COLLEGE PREPARATORY SCHOOL - AN EDUCATION PROGRAM DESIGNED TO PREPARE STUDENTS FOR COLLEGE AND UNIVERSITY. STUDENT BODY CONSIST OF APPROXIMATELY 60 STUDENTS PREPARING FOR COLLEGE AND UNIVERSITY STUDIES.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt020
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt0807959
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt0135
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt08444
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt037342
IRS990/FeesForServicesAccountingGrp/TotalAmt045921
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/FundraisingAmt054
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt03346
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt016224
IRS990/FeesForServicesOtherGrp/TotalAmt019624
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0MARK GROVIC
IRS990/Form990PartVIISectionAGrp/PersonNm1JON SHICKLER
IRS990/Form990PartVIISectionAGrp/PersonNm2KWASI ASARI
IRS990/Form990PartVIISectionAGrp/PersonNm3PATRICIA EISNER
IRS990/Form990PartVIISectionAGrp/PersonNm4JOHN GLICK
IRS990/Form990PartVIISectionAGrp/PersonNm5P KEVIN SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm6JANET SVIRSKY
IRS990/Form990PartVIISectionAGrp/PersonNm7TONY WATSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt183974
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt432608
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr01852
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0948610
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/FundraisingAmt061
IRS990/InsuranceGrp/ManagementAndGeneralAmt03786
IRS990/InsuranceGrp/ProgramServicesAmt016743
IRS990/InsuranceGrp/TotalAmt020590
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt060093
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06026
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05633
IRS990/LandBldgEquipCostOrOtherBssAmt065726
IRS990/LegalDomicileStateCd0DC
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt030000
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0FOUNDED IN 1852 IN THE HONOR OF GEORGE EMERSON, THE INSTITUTE ORIGINALLY PREPARED WASHINGTON-AREA BOYS TO ENTER HARVARD COLLEGE AND CONTINUES AS A COLLEGE PREPARATORY SCHOOL WITH A PROGRESSIVE PHILOSOPHY OF STUDENT-CENTERED PROGRAMS FOR FAMILIES SEEKING A HEALTHIER, HAPPIER, AND STIMULATING EDUCATION.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0-89955
IRS990/NetAssetsOrFundBalancesEOYAmt0-145360
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt0545
IRS990/OccupancyGrp/ManagementAndGeneralAmt034035
IRS990/OccupancyGrp/ProgramServicesAmt0150524
IRS990/OccupancyGrp/TotalAmt0185104
IRS990/OfficeExpensesGrp/FundraisingAmt017
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01053
IRS990/OfficeExpensesGrp/ProgramServicesAmt04657
IRS990/OfficeExpensesGrp/TotalAmt05727
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0410
IRS990/OtherAssetsTotalGrp/EOYAmt0410
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt041
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02584
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt011425
IRS990/OtherEmployeeBenefitsGrp/TotalAmt014050
IRS990/OtherExpensesGrp/Desc0BAD DEBTS EXPENSE
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2UTILITIES EXPENSE
IRS990/OtherExpensesGrp/Desc3TELEPHONE & INTERNET
IRS990/OtherExpensesGrp/FundraisingAmt063
IRS990/OtherExpensesGrp/FundraisingAmt159
IRS990/OtherExpensesGrp/FundraisingAmt248
IRS990/OtherExpensesGrp/FundraisingAmt346
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03944
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13685
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23007
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt32890
IRS990/OtherExpensesGrp/ProgramServicesAmt017443
IRS990/OtherExpensesGrp/ProgramServicesAmt116295
IRS990/OtherExpensesGrp/ProgramServicesAmt213297
IRS990/OtherExpensesGrp/ProgramServicesAmt312780
IRS990/OtherExpensesGrp/TotalAmt021450
IRS990/OtherExpensesGrp/TotalAmt120039
IRS990/OtherExpensesGrp/TotalAmt216352
IRS990/OtherExpensesGrp/TotalAmt315716
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01247
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt077851
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0344303
IRS990/OtherSalariesAndWagesGrp/TotalAmt0423401
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0134
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08386
IRS990/PayrollTaxesGrp/ProgramServicesAmt037088
IRS990/PayrollTaxesGrp/TotalAmt045608
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06105
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010832
IRS990/PrincipalOfficerNm0MARK GROVIC
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0EDUCATION FEES
IRS990/ProgramServiceRevenueGrp/Desc1TUITION & FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04334
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1942876
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04334
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1942876
IRS990/ProgSrvcAccomActy2Grp/Desc0SUMMER PROGRAM & TUTORING - AFTER SCHOOL AND SUMMER EDUCATIONAL PROGRAMS DESIGNED TO FOSTER STUDENT LEARNING AND HELP PREPARE THEM FOR COLLEGE AND UNIVERSITY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt013062
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt09217
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0364852
IRS990/PYProgramServiceRevenueAmt0823158
IRS990/PYRevenuesLessExpensesAmt0-84063
IRS990/PYSalariesCompEmpBnftPaidAmt0551586
IRS990/PYTotalExpensesAmt0916438
IRS990/PYTotalRevenueAmt0832375
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-55405
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt05633
IRS990ScheduleD/EquipmentGrp/DepreciationAmt041515
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt047148
IRS990ScheduleD/ExpensesSubtotalAmt01004015
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt018578
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt018578
IRS990ScheduleD/RevenueSubtotalAmt0948610
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05633
IRS990ScheduleD/TotalExpensesPerForm990Amt01004015
IRS990ScheduleD/TotalRevenuePerForm990Amt0948610
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0948610
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01004015
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0SCHOOL PUBLICIZES NONDISCRIMINATION POLICY IN ALL PUBLICATIONS, APPLICATIONS AND REGISTRATION FORMS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DRAFT FORM 990 IS REVIEWED BY MANAGEMENT AND THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD ACTIVELY MONITORS AND REQUIRES CONFLICT OF INTEREST CERTIFICATIONS FROM ITS MEMBERS. THE BOARD MONITORS AND AUTHORIZES SIGNIFICANT CONTRACTS WITH SERVICE PROVIDERS, VENDORS, AND SUPPLIERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS THE EXECUTIVE DIRECTOR'S COMPENSATION IN LIGHT OF COMPENSATION REASONABLE WITH THAT OF OTHER SIMILAR ORGANIZATIONS AND IN CONSIDERATION OF ENTIRE BENEFITS OFFERED, COST OF LIVING IN THE WASHINGTON METROPOLITAN AREA, FINANCIAL CONTRAINTS OF THE INSTITUTE, AND OTHER ECONOMIC FACORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE INSTITUTE MAKES ITS APPLICATION FOR EXEMPTION AND OTHER ORGANZIATIONAL DOCUMENTS AND FORM 990S AVAILABLE UPON REQUEST. ADDITIONALLY, THE INSTITUE'S FORM 990S ARE ALSO WIDELY AVAILABLE ON WEBSITES OF VARIOUS WATCHDOG ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE INSTITUTE COMPLETED ITS FIRST AUDIT OF ITS FINANCIAL STATEMENTS NECESSITATING CONVERTING TO THE ACCRUAL BASIS OF ACCOUNTING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 1: Change of Accounting Method
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0228748
IRS990/TotalAssetsEOYAmt0315430
IRS990/TotalAssetsGrp/BOYAmt0228748
IRS990/TotalAssetsGrp/EOYAmt0315430
IRS990/TotalCompGreaterThan150KInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$315,430
Liabilities
$460,790
Net assets
-$145,360
Revenue
$948,610
Expenses
$1,004,015
Net income
-$55,405
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.21$0.26$0.05$0.88$0.91$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.15$0.18$0.03$1.08$1.11$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.48$0.48$0.00$1.01$1.00$0.01
2017Summary only. Only limited summary data is available for this year.$0.44$0.45$0.01$0.54$0.55$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.43$0.43$0.00$1.17$1.03$0.14
2015Detailed filing. Detailed filing data is available for this year.$0.32$0.46$0.15$0.95$1.00$0.06
2014Summary only. Only limited summary data is available for this year.$0.08$0.19$0.11$0.81$0.92$0.11
2013Summary only. Only limited summary data is available for this year.$0.24$0.24$0.01$0.86$0.79$0.07
2012Summary only. Only limited summary data is available for this year.$0.07$0.15$0.08$0.83$0.89$0.06
2011Summary only. Only limited summary data is available for this year.$0.08$0.08$0.00$0.71$0.74$0.03
2010Summary only. Only limited summary data is available for this year.$0.15$0.13$0.02$0.71$0.73$0.02