Civic Intelligence

Charette Charter School

990 • Fiscal year 2024 • EIN 82-4296249

Jul 01, 2023 to Jun 30, 2024 • Filed on Jan 14, 2025

335 Westminster StreetProvidence, RI 02903

(401) 270-1183

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.59x

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

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

1.07x

Higher debt load relative to revenue than 85% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

63rd percentile

11%

Higher net margin than 63% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

70th percentile

$185,155

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

40th percentile

1.9%

Faster asset growth than 40% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

17th percentile

-14%

Faster revenue growth than 17% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$7,279,257

Up $134,882 (+1.9%) from 2023

Net Assets

Up

$3,000,409

Up $441,237 (+17%) from 2023

Liabilities

Down

$4,278,848

Down $306,355 (-6.7%) from 2023

Revenue

Down

$3,993,187

Down $650,041 (-14%) from 2023

Expenses

Down

$3,551,950

Down $4,448 (-0.1%) from 2023

Net Income

Down

$441,237

Down $645,593 (-59%) from 2023

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2019: $501,133Liabilities 2019: $103,968Net Assets 2019: $397,1652019Assets 2020: $704,928Liabilities 2020: $216,762Net Assets 2020: $488,1662020Assets 2021: $1,339,572Liabilities 2021: $188,863Net Assets 2021: $1,150,7092021Assets 2022: $2,037,348Liabilities 2022: $316,226Net Assets 2022: $1,721,1222022Assets 2023: $7,144,375Liabilities 2023: $4,585,203Net Assets 2023: $2,559,1722023Assets 2024: $7,279,257Liabilities 2024: $4,278,848Net Assets 2024: $3,000,4092024Assets 2025: $7,139,926Liabilities 2025: $3,733,636Net Assets 2025: $3,406,2902025

Highlighted filing

2024

Assets$7,279,257
Liabilities$4,278,848
Net Assets$3,000,409

Operations Trend

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

$6.0M$4.0M$2.0M$0Revenue 2019: $1,751,385Expenses 2019: $1,353,264Net Income 2019: $398,1212019Revenue 2020: $2,278,169Expenses 2020: $2,187,258Net Income 2020: $90,9112020Revenue 2021: $3,408,211Expenses 2021: $2,745,668Net Income 2021: $662,5432021Revenue 2022: $3,877,393Expenses 2022: $3,306,980Net Income 2022: $570,4132022Revenue 2023: $4,643,228Expenses 2023: $3,556,398Net Income 2023: $1,086,8302023Revenue 2024: $3,993,187Expenses 2024: $3,551,950Net Income 2024: $441,2372024Revenue 2025: $4,050,121Expenses 2025: $3,644,240Net Income 2025: $405,8812025

Highlighted filing

2024

Revenue$3,993,187
Expenses$3,551,950
Net Income$441,237
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 14, 2025
Return Version
2023v6.0
Gross Receipts
$3,993,187
Mission and Program Overview

Mission

The schools mission is to inspire students to become practitioners of city planning as a life long civic engagement strategy

The school's mission is to inspire students to become practitioners of city planning as a life long civic engagement strategy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$613,608$2,176,070▲ $1,562,462
Land, Buildings, and Equipment, Net$1,048,062$1,042,984▼ $5,078
Accounts Receivable$640,170$459,421▼ $180,749
Cash and Non-Interest-Bearing Accounts$909,712$169,799▼ $739,913
Prepaid Expenses and Deferred Charges$7,710$7,971▲ $261
Total Assets$7,144,375$7,279,257▲ $134,882
Other Assets Total$3,925,113$3,423,012▼ $502,101
Liabilities
Other Liabilities$4,271,308$3,846,703▼ $424,605
Accounts Payable and Accrued Expenses$313,895$377,581▲ $63,686
Deferred Revenue-$54,564-
Total Liabilities$4,585,203$4,278,848▼ $306,355
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,559,172$3,000,409▲ $441,237
Total Net Assets Fund Balance$2,559,172$3,000,409▲ $441,237
Total Liabilities and Net Assets / Fund Balance$7,144,375$7,279,257▲ $134,882

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,015,252$213,185$1,228,437
Equipment$27,732$157,250$184,982
Other Assets Org$3,423,012--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kathleen VespiaExecutive DiFT$166,190$18,965$185,155
Kathleen VespiaExecutive Director-$166,190$18,965$185,155
Carol MartinPlanningFT$155,736$17,935$173,671

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$920,255
Program Service Revenue
$3,033,607
Investment Income
$39,325
Other Revenue
$0
Change in Net Assets
$441,237

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,993,187
Total Revenue per Audited Statements
$3,993,187
Total Revenue per Form 990
$3,993,187
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,132,320
Other Expenses$1,419,630
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,349,549$304,704-$1,654,253
Occupancy$481,863$120,465-$602,328
Other Employee Benefits$247,795$102,485-$350,280
Payroll Taxes$104,645$23,142-$127,787
All Other Expenses$34,970$76,124-$111,094
Fees for Services Accounting-$103,615-$103,615
Depreciation Depletion$78,271$19,569-$97,840
Fees for Services Other$74,621$8,824-$83,445
Other Expenses$76,485$2,937-$76,485
Conferences and Meetings$58,875$294-$59,169
Insurance$22,997$5,749-$28,746
Fees for Service Investment Mgmnt Fees-$9,818-$9,818
Fees for Services Legal-$5,184-$5,184
Office Expenses$437$38-$475
Total Functional Expenses$2,767,637$784,313$0$3,551,950

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,551,950
Total Expenses per Audited Statements$3,551,950
Total Expenses per Form 990$3,551,950
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
Lease Liability$3,829,150
Other Liabilities$17,553
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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, Page 6, Part VI, Line 11B

The treasurer, the school superintendant, and the school's accounting firm are provided a draft copy of form 990 for review, comment, and proposed updates and/or changes.

Form 990, Page 6, Part VI, Line 12C

At least annually the school distributes a certification and disclosure form to its officers, directors, key employees, major vendors, and service providers, which requires those respondents to certify they have received a copy of the policy, have read the policy, and understands its purpose. In addition, the form requires each person or entity to certify that there has been no actual or possible conflict of interest or any relationships, transactions, or other circumstances that could result in a conflict of interest. To properly monitor and enforce the policy, the school reviews the annaul disclosure forms and maintains a list of potentially conflicted entities and individuals.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Charette Charter School
EIN
82-4296249
Phone
4012701183
Address
335 WESTMINSTER STREET, PROVIDENCE, RI 02903

Signing Officer

Name
Kathleen Vespia
Title
Executive Director
Phone
4012701183
Signed
2025-01-14

Organization Details

Principal Officer
Kathleen Vespia
Formed
2018
Legal Domicile
Ri
Voting Board Members
7
Independent Board Members
7
Employees
42

Preparer

Firm
Stephen T Gentile CPA Ltd
Address
109 AIRPORT ROAD SUITE 3, WARWICK, RI 02889
Preparer
Stephen T Gentile
Phone
4017396110
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IRS990/ProgramServiceRevenueGrp/Desc1DISTRICT TUITION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02256822
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1776785
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02256822
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1776785
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01693720
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt011196
IRS990/PYOtherExpensesAmt01506664
IRS990/PYProgramServiceRevenueAmt02938312
IRS990/PYRevenuesLessExpensesAmt01086830
IRS990/PYSalariesCompEmpBnftPaidAmt02049734
IRS990/PYTotalExpensesAmt03556398
IRS990/PYTotalRevenueAmt04643228
IRS990/ReconcilationRevenueExpnssAmt0441237
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0613608
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02176070
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt027732
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0157250
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0184982
IRS990ScheduleD/ExpensesSubtotalAmt03551950
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01015252
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0213185
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01228437
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03423012
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT OF USE ASSETS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03829150
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt117553
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER LIABILITIES
IRS990ScheduleD/RevenueSubtotalAmt03993187
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01042984
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03423012
IRS990ScheduleD/TotalExpensesPerForm990Amt03551950
IRS990ScheduleD/TotalLiabilityAmt03846703
IRS990ScheduleD/TotalRevenuePerForm990Amt03993187
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03993187
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03551950
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/ExplanationTxt0THE SCHOOL RECEIVES FUNDING THROUGH STATE AND FEDERAL GRANTS
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0166190
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1155736
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt018965
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt117935
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KATHLEEN VESPIA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1CAROL MARTIN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1PLANNING
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0185155
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1173671
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TREASURER, THE SCHOOL SUPERINTENDANT, AND THE SCHOOL'S ACCOUNTING FIRM ARE PROVIDED A DRAFT COPY OF FORM 990 FOR REVIEW, COMMENT, AND PROPOSED UPDATES AND/OR CHANGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT LEAST ANNUALLY THE SCHOOL DISTRIBUTES A CERTIFICATION AND DISCLOSURE FORM TO ITS OFFICERS, DIRECTORS, KEY EMPLOYEES, MAJOR VENDORS, AND SERVICE PROVIDERS, WHICH REQUIRES THOSE RESPONDENTS TO CERTIFY THEY HAVE RECEIVED A COPY OF THE POLICY, HAVE READ THE POLICY, AND UNDERSTANDS ITS PURPOSE. IN ADDITION, THE FORM REQUIRES EACH PERSON OR ENTITY TO CERTIFY THAT THERE HAS BEEN NO ACTUAL OR POSSIBLE CONFLICT OF INTEREST OR ANY RELATIONSHIPS, TRANSACTIONS, OR OTHER CIRCUMSTANCES THAT COULD RESULT IN A CONFLICT OF INTEREST. TO PROPERLY MONITOR AND ENFORCE THE POLICY, THE SCHOOL REVIEWS THE ANNAUL DISCLOSURE FORMS AND MAINTAINS A LIST OF POTENTIALLY CONFLICTED ENTITIES AND INDIVIDUALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07144375
IRS990/TotalAssetsEOYAmt07279257
IRS990/TotalAssetsGrp/BOYAmt07144375
IRS990/TotalAssetsGrp/EOYAmt07279257
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0920255
IRS990/TotalEmployeeCnt042
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0784313
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02767637
IRS990/TotalFunctionalExpensesGrp/TotalAmt03551950
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04585203
IRS990/TotalLiabilitiesEOYAmt04278848
IRS990/TotalLiabilitiesGrp/BOYAmt04585203
IRS990/TotalLiabilitiesGrp/EOYAmt04278848
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02559172
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03000409
IRS990/TotalOtherCompensationAmt036900
IRS990/TotalProgramServiceExpensesAmt02767637
IRS990/TotalProgramServiceRevenueAmt03033607
IRS990/TotalReportableCompFromOrgAmt0321926
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03072932
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03993187
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07144375
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07279257
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0335 WESTMINSTER ST
IRS990/USAddress/CityNm0PROVIDENCE
IRS990/USAddress/StateAbbreviationCd0RI
IRS990/USAddress/ZIPCd002903
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07

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