Civic Intelligence

The Modern Classrooms Project Inc

990 • Fiscal year 2021 • EIN 82-5421304

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 15, 2022

15 14th Street SEWashington, DC 20003

(202) 750-1084

Siviq Scores

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

Liabilities / Assets

65th percentile

0.17x

Higher debt load relative to assets than 65% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.13x

Higher debt load relative to revenue than 56% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

74th percentile

30%

Higher net margin than 74% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

84th percentile

$147,062

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

94th percentile

116%

Faster asset growth than 94% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

92nd percentile

163%

Faster revenue growth than 92% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,266,133

Up $1,215,469 (+116%) from 2020

Net Assets

Up

$1,881,249

Up $918,243 (+95%) from 2020

Liabilities

Up

$384,884

Up $297,226 (+339%) from 2020

Revenue

Up

$3,061,569

Up $1,897,857 (+163%) from 2020

Expenses

Up

$2,143,326

Up $1,512,831 (+240%) from 2020

Net Income

Up

$918,243

Up $385,026 (+72%) from 2020

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2018: $40,024Liabilities 2018: $0Net Assets 2018: $40,0242018Assets 2019: $435,009Liabilities 2019: $5,220Net Assets 2019: $429,7892019Assets 2020: $1,050,664Liabilities 2020: $87,658Net Assets 2020: $963,0062020Assets 2021: $2,266,133Liabilities 2021: $384,884Net Assets 2021: $1,881,2492021Assets 2022: $5,458,403Liabilities 2022: $445,466Net Assets 2022: $5,012,9372022Assets 2023: $6,301,540Liabilities 2023: $474,047Net Assets 2023: $5,827,4932023Assets 2024: $8,251,792Liabilities 2024: $793,103Net Assets 2024: $7,458,6892024Assets 2025: $11,268,387Liabilities 2025: $1,307,517Net Assets 2025: $9,960,8702025

Highlighted filing

2021

Assets$2,266,133
Liabilities$384,884
Net Assets$1,881,249

Operations Trend

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

$15M$10M$5.0M$0Revenue 2018: $90,267Expenses 2018: $50,243Net Income 2018: $40,0242018Revenue 2019: $472,066Expenses 2019: $118,606Net Income 2019: $353,4602019Revenue 2020: $1,163,712Expenses 2020: $630,495Net Income 2020: $533,2172020Revenue 2021: $3,061,569Expenses 2021: $2,143,326Net Income 2021: $918,2432021Revenue 2022: $7,754,867Expenses 2022: $4,623,179Net Income 2022: $3,131,6882022Revenue 2023: $7,059,682Expenses 2023: $6,246,819Net Income 2023: $812,8632023Revenue 2024: $12,439,198Expenses 2024: $10,850,268Net Income 2024: $1,588,9302024Revenue 2025: $13,826,909Expenses 2025: $11,328,885Net Income 2025: $2,498,0242025

Highlighted filing

2021

Revenue$3,061,569
Expenses$2,143,326
Net Income$918,243
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 15, 2022
Return Version
2021v4.0
Gross Receipts
$3,062,726
Mission and Program Overview

Mission

The modern classrooms project empowers educators to build classrooms that respond to every student's needs

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$919,897$1,655,372▲ $735,475
Savings and Temporary Cash Investments-$500,636-
Accounts Receivable$3,447$43,071▲ $39,624
Pledges and Grants Receivable$107,850$31,100▼ $76,750
Land, Buildings, and Equipment, Net$15,290$23,299▲ $8,009
Prepaid Expenses and Deferred Charges$2,913$11,488▲ $8,575
Intangible Assets$1,267$1,167▼ $100
Total Assets$1,050,664$2,266,133▲ $1,215,469
Liabilities
Deferred Revenue$44,226$243,145▲ $198,919
Accounts Payable and Accrued Expenses$43,432$141,739▲ $98,307
Total Liabilities$87,658$384,884▲ $297,226
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$960,506$1,376,049▲ $415,543
Net Assets With Donor Restrictions$2,500$505,200▲ $502,700
Total Net Assets Fund Balance$963,006$1,881,249▲ $918,243
Total Liabilities and Net Assets / Fund Balance$1,050,664$2,266,133▲ $1,215,469

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$23,299$3,472$26,771
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert BarnettPresidentFT$108,979$38,083$147,062
Kareem Farah - ChiefExecutive ofFT$141,929$2,491$144,420
Revenue and Support

Revenue Composition

Contributions and Grants
$1,973,894
Program Service Revenue
$1,086,750
Investment Income
$636
Other Revenue
$289
All Other Contributions
$1,973,894
Change in Net Assets
$918,243

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,061,569
Revenue Not Reported on Form 990
$65,691
Total Revenue per Audited Statements
$3,127,260
Total Revenue per Form 990
$3,061,569
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,279,825
Other Expenses$863,501
Total Fundraising Expense$111,388
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$705,693$118,096$18,328$842,117
Fees for Services Other$531,179$12,546$32,043$575,768
Current Officers, Directors, Trustees, and Key Employees$228,913$25,500$37,068$291,481
Payroll Taxes$68,285$12,617$4,687$85,589
Advertising$60,143$11,394$179$71,716
Fees for Services Accounting-$54,680-$54,680
Office Expenses$25,918$12,235$10,573$48,726
Information Technology$43,991$1,617$460$46,068
Other Employee Benefits$34,808$6,654$2,107$43,569
Travel$20,815$1,020$3,265$25,100
Pension Plan Contributions$13,480$1,919$1,670$17,069
Other Expenses$11,674$2,621$745$11,674
Depreciation Depletion$4,943$729$208$5,880
Insurance$1,308$973$55$2,336
Conferences and Meetings$430$12-$442
Total Functional Expenses$1,769,325$262,613$111,388$2,143,326

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,209,017
Expenses per Audited Statements$2,143,326
Total Expenses per Form 990$2,143,326
Expenses Not Reported on Form 990$65,691
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
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
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, Page 6, Part VI, Line 11B

The organization has established a finance committee which is composed of 5 members of the board of directors. The duties and responsibility of the finance committee include the independent audit report review function and the form 990 review. Specifically, the form 990 is provided electronically to all finance committee members, and to any other board members upon request. Board members forward any comments or questions directly to the organization's president prior to filing.

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

Consistent with the organization's conflict of interest policy, the organization's president will monitor proposed or ongoing conflicts of interest and disclose them to the finance committee. After consultation with the finance committee, the president shall determine whether a material conflict exists, and in the case of a material conflict, whether the contemplated transaction may be authorized as being necessary for a compelling reason, just, fair, and reasonable to the organization. The president will present his determination to the executive director, who will have final responsibility for making this decision, in the interests of the welfare of the organization and the advancement of its purpose. The president will provide an annual update to the board of directors on conflict-of-interest disclosures.

Form 990, Page 6, Part VI, Line 15A

The process of determining and approving the compensation of the organization's top management officials included 1) review and approval by the board of directors, 2) use of the guidestar nonprofit compensation report as comparable comparison, and 3)contemporaneous documentation and recordkeeping. 1)review and approval. The compensation of top management officials was reviewed and approved by the entire board of directors at the organization's annual meeting. Any persons with conflicts of interest left the room while compensation was reviewed and approved. 2)use of the guidestar nonprofit compensation report as to comparable compensation. In making its decisions about compensation, the board of directors used data as to comparable compensation for similarly situated and qualified individuals in functionally comparable positions at similarly situated organizations. For the 2019 fiscal year, four distinct similarly situated organizations were considered. 3)contemporaneous documentation and recordkeeping. There is contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding executive compensation, including but not limited to the meeting minutes for the board's annual meeting.

Form 990, Page 6, Part VI, Line 17

Maryland, maine, michigan, minnesota, mississippi, north carolina, north dakota, new hampshire, new jersey, new york, ohio, oklahoma, oregon, pennsylvania, rhode island, south carolina, tennessee, utah, virginia, washington, dist of columbia, wisconsin, west virginia

Form 990, Page 6, Part VI, Line 19

The organization's most recent financial statements and form 990 (with donors names omitted) are made available on the organization's website. All prior financial statements, governing documents, conflict of interest policy are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Modern Classrooms Project Inc
EIN
82-5421304
Phone
2027501084
Address
15 14TH STREET SE, WASHINGTON, DC 20003

Signing Officer

Name
Robert Barnett
Title
President
Phone
2027501084
Signed
2022-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kareem Farah
Formed
2018
Legal Domicile
Dc
Voting Board Members
12
Independent Board Members
11
Employees
20
Volunteers
16

Preparer

Firm
Kendall Prebola and Jones LLC
Address
PO BOX 259, BEDFORD, PA 15522-0259
Preparer
Richard M Jones CPA
Phone
8146231880
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Volunteers consist of board members

Form 990, Page 2, Part III, Line 4C

Ongoing support we work with partner schools and districts to provide: site visits (in person): upon request, we will travel to schools/districts to conduct classroom observations, lead in-person implementer discussions, and meet with educators. Implementer discussions (virtual): we run one-hour webinars to discuss trends in implementation and methods to build more equitable and differentiated classrooms. Expert consultation: educators may sign up for on-demand coaching calls with our teacher mentors. Educators may pay for this service individually, or partners may provide this for their educators.

Form 990, Part IX, Line 11G

Virtual mentorship 19,803 0 0 user survey 12,134 0 0 mentee/mentor payments 368,019 0 0 educator contractual work 33,803 0 0 strategic advisory 43,185 4,772 7,043 ongoing support 9,577 0 0 development consulting 0 0 25,000 affiliate payments 5,034 0 0 translation services 1,587 0 0 contract services 5,037 7,774 0 stipends 750 0 0 professional services 32,250 0 0 total 531,179 12,546 32,043

Financial Statement Notes

Schedule D, Page 3, Part X

Accounting principles generally accepted in the united states of america provide consistent guidance for the accounting for uncertainty in income taxes recognized in the modern classrooms project's financial statements and prescribe a threshold of "more likely than not" for recognition of tax positions taken or expected to be taken in a tax return. The modern classrooms project performed an evaluation of uncertain tax positions for the year ended december 31, 2021, and determined that there were no matters that would require recognition in the financial statements or that may have any effect on its tax-exempt status. As of december 31, 2021, the statute of limitations for tax years 2019 and 2020 remain open with the u.s. Federal jurisdiction or the various states and local jurisdictions in which the modern classrooms project files tax returns. It is the modern classrooms project's policy to recognize interest and/or penalties related to uncertain tax positions, if any, in income tax expense. As of december 31, 2021, the modern classrooms project had no accruals for interest and/or penalties.

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IRS990/ProgSrvcAccomActy3Grp/Desc0ONGOING SUPPORT WE WORK WITH PARTNER SCHOOLS AND DISTRICTS TO PROVIDE: SITE VISITS (IN PERSON): UPON REQUEST, WE WILL TRAVEL TO SCHOOLS/DISTRICTS TO CONDUCT CLASSROOM OBSERVATIONS, LEAD IN-PERSON IMPLEMENTER DISCUSSIONS, AND MEET WITH EDUCATORS. IMPLEMENTER DISCUSSIONS (VIRTUAL): WE RUN ONE-HOUR WEBINARS TO DISCUSS TRENDS IN IMPLEMENTATION AND METHODS TO BUILD MORE EQUITABLE AND DIFFERENTIATED CLASSROOMS. EXPERT CONSULTATION: EDUCATORS MAY SIGN UP FOR ON-DEMAND COACHING CALLS WITH OUR TEACHER MENTORS. EDUCATORS MAY PAY FOR THIS SERVICE INDIVIDUALLY, OR PARTNERS MAY PROVIDE THIS FOR THEIR EDUCATORS.
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