Dc Public Education Fund
- Assets
- $26.4m
- Revenue
- $15.4m
- Investments
- $0.0
- Employees
- 6
- Location
- Washington, DC
- Founding
- 06/2008
- Data as of
- 09/2023
- EIN
- 26-1607955
Organization Overview
Dc Public Education Fund is located in Washington, DC. The organization was established in 2008. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 09/2023, DC Public Education Fund employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. DC Public Education Fund 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 09/2023, DC Public Education Fund generated $15.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $13.0m during the year ending 09/2023. While expenses have increased by 2.3% per year over the past 8 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.
Since 2017, DC Public Education Fund has awarded 13 individual grants totaling $43,392,064. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE DC PUBLIC EDUCATION FUND CATALYZES PHILANTHROPY IN SUPPORT OF STRATEGIC INITIATIVES IN DC PUBLIC SCHOOLS TO ACCELERATE IMPROVEMENTS, SUSTAIN EXCELLENCE, AND ENSURE ACCOUNTABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXCELLENT TEACHERS AND LEADERS - PROVIDES THE RESOURCES TO ATTRACT, RETAIN, DEVELOP, AND REWARD THE MOST EFFECTIVE EDUCATORS IN DC PUBLIC SCHOOLS. A. LEADERSHIP PIPELINE: THE LEADERSHIP PIPELINE INITIATIVE ENABLED DCPS TO TAKE KEY STEPS TOWARD DEVELOPING AN EQUITY-CENTERED LEADERSHIP PIPELINE. THIS INCLUDED ENGAGING BI-LINGUAL SCHOOL LEADERS, DIVERSE RECRUITING, AND AN EQUITY AUDIT ON CURRENT DISTRICT PRACTICES.
SYSTEMS IMPROVEMENT AND REFORM - PROVIDES SUPPORT AND RESOURCES THAT INCREASE THE SCHOOL SYSTEM'S CAPACITY AND ABILITY TO MEET 'A CAPITAL COMMITMENT' GOALS. A. STRATEGIC PLANNING: DCPS IS EMBARKING ON CREATING ITS NEW STRATEGIC PLAN FOR 2023-2027 BY DOING EXTENSIVE COMMUNITY ENGAGEMENT, MEETING WITH STUDENTS, EDUCATORS, AND COMMUNITY MEMBERS TO BUILD A PLAN REFLECTIVE OF THEIR HOPES AND DREAMS FOR DCPS. DCPS SHARED ITS NEW STRATEGIC PLAN WHICH OUTLINES ITS NEW SET OF STRATEGIC PRIORITIES AND VISION FOR THE DISTRICT. B. DC READING CLINIC: TOGETHER WITH DCPS, THE DC READING CLINIC (DCRC) CREATES A SYSTEM WHERE STRUGGLING READERS IN GRADES K-2 CAN EXPERIENCE THE JOY OF MASTERING READING, WHILE ALLOWING DCPS TEACHERS TO EARN GRADUATE CREDIT IN READING REMEDIATION. C. DCPS BECOMING: DCPS BECOMING IS ABOUT BUILDING ANTI-RACISM IN DCPS THROUGH CONSCIOUS EFFORTS AND DELIBERATE ACTIONS THAT PROVIDE EQUITABLE OPPORTUNITIES FOR ALL STUDENTS ON AN INDIVIDUAL AND SYSTEMIC LEVEL. A SIGNIFICANT LEVEL OF RESOURCES FOCUSES ON ELEVATING THE DISTRICT'S KNOWLEDGE AROUND RACIAL HEALING, BIAS TRAINING, CULTURAL COMPETENCE, AND THE SCIENCE OF LEARNING AND DEVELOPMENT AS KEY LEVERS TO DRIVE RACIAL EQUITY, ESPECIALLY IN HOW DCPS ADDRESSES MENTAL HEALTH. THIS INCLUDES TEACHERS, SCHOOL LEADERS, SCHOOL SUPPORT STAFF, CENTRAL OFFICE LEADERSHIP AND FAMILIES.
INNOVATIVE CLASSROOMS AND SCHOOLS - PROVIDES RESOURCES TO DEVELOP INNOVATIVE PROJECTS IN CLASSROOMS AND SCHOOLS THAT WILL SUPPORT RIGOROUS CURRICULUM INSTRUCTION TO HELP ACCELERATE STUDENT ACHIEVEMENT. A. SCHOOL REDESIGN: THE SCHOOL REDESIGN PROGRAM IS DESIGNED TO RAPIDLY ACCELERATE PROGRESS IN DCPS' LOWEST-PERFORMING SCHOOLS BY PARTNERING WITH FAMILIES AND COMMUNITIES TO SELECT, INCUBATE, AND IMPLEMENT A WHOLE- SCHOOL REDESIGN MODEL, TAKING A COMPREHENSIVE AND INTEGRATED APPROACH TO OVERHAULING ALL ASPECTS OF THE IDENTIFIED SCHOOLS. THE GOAL OF THIS PROGRAM IS TO DRAMATICALLY IMPROVE THESE SCHOOLS' PERFORMANCE WHILE ALSO REIMAGINING SCHOOL TO BETTER PREPARE STUDENTS FOR WORK AND LIFE IN THE 21ST CENTURY. B. DCPS PERSISTS: DCPS PERSISTS IS THE FIRST COLLEGE PERSISTENCE INITIATIVE LED BY A TRADITIONAL URBAN SCHOOL DISTRICT IN AMERICA. DCPS PERSISTS AIMS TO BOTH IMPROVE COLLEGE COMPLETION RATES FOR DCPS GRADUATES MOST AT-RISK OF NOT EARNING DEGREES TO INFLUENCE SYSTEMS AND OUTCOMES AT BOTH THE K-12 AND COLLEGE LEVELS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Ein Chairman | OfficerTrustee | 1 | $0 |
Benjamin Soto Treasurer | OfficerTrustee | 1 | $0 |
Tom Davidson Director | Trustee | 1 | $0 |
Kevin Downey Director | Trustee | 1 | $0 |
Michela English Director | Trustee | 1 | $0 |
Debbi Jarvis Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Turnaround For Children Dcps Program Support | 9/29/23 | $355,000 |
Tntp Inc Dcps Program Support | 9/29/23 | $324,092 |
Leading Authorities Standing Ovation Support | 9/29/23 | $287,690 |
Give Better Group Dcps Program Support | 9/29/23 | $137,789 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,879,925 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,879,925 |
| Total Program Service Revenue | $0 |
| Investment income | $529,624 |
| 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 | $15,409,549 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,131,087 |
| Grants and other assistance to domestic individuals. | $66,517 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $384,230 |
| Compensation of current officers, directors, key employees. | $84,885 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $297,208 |
| Pension plan accruals and contributions | $13,082 |
| Other employee benefits | $25,383 |
| Payroll taxes | $49,982 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $75,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,073,475 |
| Advertising and promotion | $5,750 |
| Office expenses | $336,500 |
| Information technology | $111,792 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $521,398 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $998,251 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,728 |
| Insurance | $10,711 |
| All other expenses | $0 |
| Total functional expenses | $12,957,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,563,421 |
| Pledges and grants receivable | $5,778,751 |
| Accounts receivable, net | $0 |
| 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 | $30,529 |
| Net Land, buildings, and equipment | $4,877 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,462 |
| Other assets | $0 |
| Total assets | $26,380,040 |
| Accounts payable and accrued expenses | $6,700,368 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,700,368 |
| Net assets without donor restrictions | $682,201 |
| Net assets with donor restrictions | $18,997,471 |
| 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 | $26,380,040 |
Grants Awarded
Over the last fiscal year, Dc Public Education Fund has awarded $6,108,086 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DC PUBLIC SCHOOLS PURPOSE: EDUCATION INITIATIVES | $5,870,586 |
EDQUITY INC PURPOSE: STUDENT MICROGRANTS | $225,000 |
AMERICAN UNIVERSITY PURPOSE: ALUMNUS SCHOLARSHIP | $12,500 |