Civic Intelligence

DC Accounting Lab

EIN 85-0799013 • 501(c)3 • Washington, DC

Profile

DC Accounting Lab is an educational nonprofit dedicated to providing top quality financial services to small businesses by pairing Fortune 500 experienced CPAs with collegiate accounting interns to support financial services. We create high-quality work experiences and provide professional certification training for college students majoring in Accounting and Finance by using skilled CPAs to train and supervise collegiate interns in bookkeeping and tax preparation. DC Accounting Lab is also dedicated to providing top quality educational support to public schools by pairing Certified Teachers with college students majoring in Education and Math. We create mutually beneficial professional work experiences for college students to provide classroom support in Reading, ELA, and Math, while receiving supervised training in classroom management and pedagogy from Certified Teachers. Our goal is to create a pipeline of highly qualified public-school educators.

600 Pennsylvania Ave SE FRNT2Washington, DC 20003

dcaccountinglab.org

Siviq Scores

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

Liabilities / Assets

74th percentile

0.05x

Higher debt load relative to assets than 74% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

69th percentile

0.01x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

21st percentile

-24%

Higher net margin than 21% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

100th percentile

26962%

Faster asset growth than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

99th percentile

802%

Faster revenue growth than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$18,673

Up $18,604 (+26962%) from 2020

Liabilities

Down

$875

Down $10,325 (-92%) from 2020

Net Assets

Up

$17,798

Up $28,929 (+260%) from 2020

Operations
Liabilities / Revenue69th percentileNet Margin21st percentile

Revenue

Up

$81,185

Up $72,185 (+802%) from 2020

Expenses

Up

$100,405

Up $79,774 (+387%) from 2020

Net Income

Down

-$19,220

Down $7,589 (-65%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth100th percentile

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

$20K$10K$0-$10K-$20KAssets 2020: $69Liabilities 2020: $11,200Net Assets 2020: -$11,1312020Assets 2021: $18,673Liabilities 2021: $875Net Assets 2021: $17,7982021

Highlighted filing

2021

Assets$18,673
Liabilities$875
Net Assets$17,798
Open 2021 Filing

Operations Trend

Revenue Growth99th percentile

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

$150K$100K$50K$0-$50KRevenue 2020: $9,000Expenses 2020: $20,631Net Income 2020: -$11,6312020Revenue 2021: $81,185Expenses 2021: $100,405Net Income 2021: -$19,2202021

Highlighted filing

2021

Revenue$81,185
Expenses$100,405
Net Income-$19,220
Open 2021 Filing

Filings

Most recent year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,673
Liabilities
$875
Net assets
$17,798
Revenue
$81,185
Expenses
$100,405
Net income
-$19,220
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.19$0.01$0.18$0.81$1.00$0.19
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.11$0.11$0.09$0.21$0.12
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 4, 2022
Return Version
2021v4.0
Gross Receipts
$81,185
Mission and Program Overview

Mission

DC Accounting Lab is an educational nonprofit dedicated to providing top quality financial services to small businesses by pairing Fortune 500 experienced CPAs with collegiate accounting interns to support financial services. We create high-quality work experiences and provide professional certification training for college students majoring in Accounting and Finance by using skilled CPAs to train and supervise collegiate interns in bookkeeping and tax preparation. DC Accounting Lab is also dedicated to providing top quality educational support to public schools by pairing Certified Teachers with college students majoring in Education and Math. We create mutually beneficial professional work experiences for college students to provide classroom support in Reading, ELA, and Math, while receiving supervised training in classroom management and pedagogy from Certified Teachers. Our goal is to create a pipeline of highly qualified public-school educators.

Program Services

DescriptionGrantsExpenses
The Financial Services programs successfully processed Federal and State financial statements, tax returns, and provided advisory and compliance services for small to middle market business owners including Federal Employee Retention Tax Credits and numerous forgivable grant awards securing more than $250,000 in critical financial assistance for small businesses during FY2021.--
The Educational Services programs successfully collaborated with for profit and other tax-exempt entities to develop strategies for improving District of Columbia schools during 2021.--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alicia DorseyExecutive DirectorFT$39,154-$39,154
Filing and Contact Details

Filer

Filer Name
DC Accounting Lab
EIN
85-0799013
Phone
3018212658
Address
600 Pennsylvania Ave SE FRNT2, Washington, DC 20003

Signing Officer

Name
Alicia Dorsey
Title
Executive Director
Signed
2022-11-04
Discuss with paid preparer
No
Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $191”

Other Expenses.1002

“Office Expenses $8257”

Other Expenses.1005

“Travel $9261”

Other Expenses.1007

“Conferences, Conventions, and Meetings $3011”

Other Expenses.1008

“Interest $114”

Other Expenses.1012

“Insurance $461”

Other Expenses.1

“Gas & Parking $284”

Total Liabilities.1

“- Beginning $11200 - Ending $0”

Total Liabilities.2

“- Beginning $0 - Ending $875”

Raw XML Appendix143 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.

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IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0875
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IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/FactsAndCircumstancesTestTxt0Current Year Facts and Circumstances: DC Accounting Lab is an educational public charity that received 100 public support from donor contributions for Education Service Programs and/or Financial Services Program fee income, related to our exempt functions. Prior Year Facts and Circumstances: DC Accounting Lab is an educational public charity that received 100 public support from contributions and/or Financial Services Program income related to our exempt functions.
IRS990ScheduleA/First5Years509Ind0X
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt011200
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt051450
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