D C Preparatory Academy is located in Washington, DC. The organization was established in 2003. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, D C Preparatory Academy employed 415 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. D C Preparatory Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, D C Preparatory Academy generated $48.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $42.8m during the year ending 06/2021. While expenses have increased by 4.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DC PREP IS A NETWORK OF PUBLIC CHARTER SCHOOLS SERVING STUDENTS IN WASHINGTON, DC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
D.C. PREPARATORY ACADEMY'S (DC PREP) MISSION IS TO BRIDGE THE EDUCATIONAL DIVIDE IN THE NATION'S CAPITAL BY INCREASING THE NUMBER OF STUDENTS FROM UNDERSERVED COMMUNITIES WITH THE ACADEMIC PREPARATION AND PERSONAL CHARACTER TO SUCCEED IN COMPETITIVE HIGH SCHOOLS AND COLLEGES. DC PREP CURRENTLY OPERATES FIVE TUITION-FREE PUBLIC CHARTER SCHOOLS THAT ARE OPEN TO ANY CHILD IN WASHINGTON, ENROLLING MORE THAN 2,100 STUDENTS IN GRADES PRESCHOOL THROUGH 8TH GRADE. HISTORICALLY, 98% OF DC PREP STUDENTS ARE AFRICAN-AMERICAN AND 2% ARE HISPANIC; OVER 80% OF STUDENTS LIVE IN POVERTY, AS MEASURED BY ELIGIBILITY FOR FREE/REDUCED PRICE MEALS.DC PREP HAS A TWIN FOCUS ON HIGH QUALITY ACADEMICS AND SOCIAL-EMOTIONAL GROWTH. DURING OUR 19 YEARS AS A CHARTER NETWORK, WE HAVE ACHIEVED SIGNIFICANT RESULTS ACROSS THREE KEY AREAS: QUALITY REPORTS, OSSE REPORT CARDS, AND ALUMNI SUCCESS. EACH YEAR, THE DC PUBLIC CHARTER SCHOOL BOARD ISSUES AN OVERALL RANKING OF SCHOOLS' ACADEMIC AND CULTURE PROGRESS, RANKING EACH SCHOOL BETWEEN TIER 1 (THE HIGHEST) AND TIER 3 (THE LOWEST). ALL FIVE DC PREP CAMPUSES EARNED A TIER 1 RANKING ON THE 2019 SCHOOL QUALITY REPORTS, THE HIGHEST RANKING. ADDITIONALLY, AEC RECEIVED ONE OF THE HIGHEST SCORES IN THE CITY. THE DC OFFICE OF THE STATE SUPERINTENDENT OF EDUCATION RELEASES AN ANNUAL ASSESSMENT OF SCHOOL PERFORMANCE. THIS SERVES AS A COMPREHENSIVE OVERVIEW OF HOW SCHOOLS ARE PREPARING STUDENTS FOR OVERALL SUCCESS. IN ITS INAUGURAL YEAR, OSSE AWARDED ALL ELIGIBLE DC PREP CAMPUSES FOUR STARS.EVEN MORE IMPORTANT, AND ALIGNED WITH DC PREP'S MISSION, EVERY DC PREP 8TH GRADE GRADUATE (600+) HAS BEEN ACCEPTED BY A COLLEGE-PREP HIGH SCHOOL, WITH OVER TWO-THIRDS OFFERED ADMISSION TO SELECTIVE SCHOOLS INCLUDING BENJAMIN BANNEKER, CHOATE ROSEMARY HALL, THE FIELD SCHOOL, GEORGETOWN PREP, THE HILL SCHOOL, MARET, PHILLIPS EXETER ACADEMY, ST. ALBANS, SIDWELL FRIENDS SCHOOL, AND SCHOOL WITHOUT WALLS, AMONG OTHERS. OUR STUDENTS HAVE GONE ON TO GRADUATE FROM HIGH SCHOOL AT AN AVERAGE RATE OF 97%, SIGNIFICANTLY HIGHER THAN THE DCPS AVERAGE OF 65% AND THE NATIONAL AVERAGE OF 83%. IN ADDITION, OUR STUDENTS GRADUATE FROM COLLEGE AT ROUGHLY 3X THE RATE OF THEIR PEERS NATIONALLY (27% OF OUR 2009 8TH GRADERS HAVE NOW GRADUATED FROM COLLEGE VS 11% OF STUDENTS FROM FAMILIES IN THE BOTTOM 40% OF HOUSEHOLD WEALTH); BASED ON CURRENT COLLEGE MATRICULATION & COLLEGE PERSISTENCE RATES, WE ANTICIPATE THAT OUR ALUMNI'S COLLEGE GRADUATION RATE WILL CONTINUE TO INCREASE IN THE NEXT FEW YEARS.ULTIMATELY, DC PREP HOPES TO PLAY A MAJOR ROLE IN IMPROVING PUBLIC EDUCATION IN DC AND IN THE COUNTRY. WE ARE PARTICULARLY COMMITTED TO SERVING THE STUDENTS OF WASHINGTON DC'S WARDS 5, 7 & 8. CHILDREN IN THESE WARDS HAVE HISTORICALLY HAD ACCESS TO FEWER HIGH-QUALITY PUBLIC SCHOOL OPTIONS - AN UNACCEPTABLE BARRIER TO OPPORTUNITY. WE BELIEVE THAT ALL STUDENTS HAVE A RIGHT TO A GREAT EDUCATION AND THAT, WITH ACCESS TO EFFECTIVE SCHOOLS, ALL STUDENTS CAN ACHIEVE GREAT OUTCOMES. WE BELIEVE THAT OUR WORK DEMONSTRATES EXACTLY THAT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Katie Severn President And Academic Officer | Officer | 40 | $226,387 |
Laura Maestas Chief Executive Officer | Officer | 40 | $211,172 |
Daniel Englender Chief Oper Officer/cfo/treasurer | Officer | 40 | $175,971 |
Cassie Pergament Senior Director Of Program | Officer | 40 | $163,728 |
Tara O'flaherty Senior Director Of Schools | Officer | 40 | $161,145 |
Suraj Patel Chief Talent Officer | 40 | $149,712 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
End-to-end Solutions For Special Ed Special Education Services | 6/29/21 | $748,397 |
Revolution Foods Food Services | 6/29/21 | $387,516 |
Pro-air Hvac Preventative Maintenance Services | 6/29/21 | $455,772 |
Pmm Companies Janitorial And Facilities Mgmt. | 6/29/21 | $586,226 |
Lavinia Group Llc Instructional Support And Develop. Servi | 6/29/21 | $319,979 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $46,644,241 |
All other contributions, gifts, grants, and similar amounts not included above | $1,150,453 |
Noncash contributions included in lines 1a–1f | $122,421 |
Total Revenue from Contributions, Gifts, Grants & Similar | $47,794,694 |
Total Program Service Revenue | $652,291 |
Investment income | $16,381 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $48,510,869 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $375,000 |
Grants and other assistance to domestic individuals. | $17,265 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,047,239 |
Compensation of current officers, directors, key employees. | $558,437 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $23,883,203 |
Pension plan accruals and contributions | $501,997 |
Other employee benefits | $1,994,200 |
Payroll taxes | $2,052,844 |
Fees for services: Management | $0 |
Fees for services: Legal | $152,145 |
Fees for services: Accounting | $522,686 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $26,855 |
Advertising and promotion | $0 |
Office expenses | $414,697 |
Information technology | $245,190 |
Royalties | $0 |
Occupancy | $4,547,692 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,551,204 |
Insurance | $207,232 |
All other expenses | $693,405 |
Total functional expenses | $42,776,051 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,488,575 |
Savings and temporary cash investments | $15,070,031 |
Pledges and grants receivable | $2,862,223 |
Accounts receivable, net | $186,403 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $602,846 |
Net Land, buildings, and equipment | $57,152,305 |
Investments—publicly traded securities | $9,999,979 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $241,872 |
Total assets | $90,604,234 |
Accounts payable and accrued expenses | $2,886,850 |
Grants payable | $0 |
Deferred revenue | $37,078 |
Tax-exempt bond liabilities | $9,490,000 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $52,160,763 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $247,105 |
Total liabilities | $64,821,796 |
Net assets without donor restrictions | $25,087,692 |
Net assets with donor restrictions | $694,746 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $90,604,234 |
Over the last fiscal year, we have identified 12 grants that D C Preparatory Academy has recieved totaling $690,128.
Awarding Organization | Amount |
---|---|
Education Forward Dc Washington, DC PURPOSE: GENERAL OPERATIONS | $415,000 |
Norman R Rales And Ruth Rales Foundation Washington, DC PURPOSE: EDUCATIONAL SUPPORT | $158,670 |
Greater Washington Community Foundation Washington, DC PURPOSE: GENERAL SUPPORT | $30,000 |
Nussdorf Family Foundation Inc West Palm Beach, FL PURPOSE: GENERAL PURPOSE | $30,000 |
Jack Kent Cooke Foundation Lansdowne, VA PURPOSE: SUPPORT THE PREPNEXT PROGRAM THAT SUPPORTS 8TH GRADERS THROUGH COLLEGE AND CAREER. | $14,000 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: SPECIAL PROJECT | $10,000 |
Organization Name | Assets | Revenue |
---|---|---|
Chesapeake Lighthouse Foundation Inc Laurel, MD | $97,823,093 | $48,417,489 |
D C Preparatory Academy Washington, DC | $90,604,234 | $48,510,869 |
Center City Public Charter Schools Washington, DC | $21,995,309 | $37,320,653 |
District Of Columbia International School Washington, DC | $84,723,985 | $38,898,239 |
Monarch Academy Public Charter School Inc Baltimore, MD | $13,752,531 | $31,847,617 |
Euphemia L Haynes Public Charter School Inc Washington, DC | $46,520,853 | $31,794,568 |
Kipp Baltimore Inc Baltimore, MD | $8,114,053 | $24,854,328 |
Mundo Verde Bilingual Public Charter School Washington, DC | $21,494,914 | $24,437,996 |
Democracy Prep Congress Heights Public Charter School CHARTER SCHOOL Washington, DC | $0 | $17,619,110 |
Ingenuity Prep Washington, DC | $6,189,682 | $17,892,639 |
Creative Minds International Public Charter School Washington, DC | $39,022,356 | $15,046,309 |
Corporation Of The Washington Latin School Washington, DC | $31,565,560 | $17,054,882 |