Richard Wright Public Charter School
- Assets
- $15.9m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 68
- Location
- Washington, DC
- Founding
- 08/2014
- Data as of
- 06/2022
- EIN
- 27-2713037
Organization Overview
Richard Wright Public Charter School is located in Washington, DC. The organization was established in 2014. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Richard Wright Public Charter School employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richard Wright Public Charter School 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 06/2022, Richard Wright Public Charter School generated $9.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $9.3m during the year ending 06/2022. While expenses have increased by 5.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF RICHARD WRIGHT PUBLIC CHARTER SCHOOL FOR JOURNALISM AND MEDIA ARTS IS TO TRANSFORM STUDENTS IN GRADES 8-12 INTO WELL-VERSED MEDIAL CONTRIBUTORS BY PROVIDING A STUDENT-CENTERED ENVIRONMENT THAT CONNECTS THEM TO THE CLASSIC AND MODERN LANGUAGES AND A CURRICULUM FOCUSED ON STRONG WRITING SKILLS AND VOCABULARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NAMED AFTER PROMINENT AFRICAN AMERICAN NOVELIST, RICHARD WRIGHT, THE CHARTER SCHOOL WILL EMPHASIZE THE DEVELOPMENT OF STUDENTS' SKILLS IN COMMUNICATION AND EXPRESSION, WHILE PROVIDING A COMPREHENSIVE EDUCATION THAT PREPARES STUDENTS FOR COLLEGE AND CAREER. THE CHARTER SCHOOL HAS ADOPTED THE BOSTON LATIN SCHOOL FRAMEWORK FOR GRADES 812 AND ALIGNED THE CURRICULUM TO DCPS LEARNING STANDARDS, WHERE APPLICABLE. THE BOSTON LATIN MODEL HAS PROVEN TO BE SUCCESSFUL FOR WELL OVER 300 YEARS. THE CHARTER SCHOOL WILL REVIEW ITS CURRICULUM ANNUALLY TO ENSURE ADHERENCE TO STATE AND FEDERAL ACADEMIC GOALS AND TO INCORPORATE BEST PRACTICES FROM EDUCATION RESEARCH.PHILOSOPHY: THE CHARTER SCHOOL WILL CONNECT OUR STUDENTS WITH THE CULTURE OF THE CLASSIC AND MODERN LANGUAGES, WHILE ENHANCING THEIR EDUCATION THROUGH AN EXPLORATION OF JOURNALISM AND MEDIA ARTS. THE CHARTER SCHOOL BELIEVES IN THE FOLLOWING CORE VALUES, WHICH WILL BE INSTILLED BY THE ADMINISTRATION AND STAFF AND DEMONSTRATED BY STUDENTS ON A DAILY BASIS: O SELFDISCIPLINE O ACADEMIC RIGOR O MORAL CONVICTION O SELFRESPECT O POSITIVE ENERGY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amenika Holly Trustee | Trustee | 0.5 | $0 |
Chris Fratta Trustee | Trustee | 0.5 | $0 |
Derwin Ross - Chair Trustee | OfficerTrustee | 0.5 | $0 |
Essie Charles - Parent Outreach Trustee | Trustee | 0.5 | $0 |
Gregory K Adams Sr Trustee | Trustee | 0.5 | $0 |
Jelani James ESQ Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
City First Loan Interest | 6/29/22 | $518,271 |
Tellurium Llc Rent | 6/29/22 | $911,953 |
Dc Treasurer (Office Of Tax And Revenue) Property Taxes | 6/29/22 | $312,263 |
Kaiser Permanente Health Insurance | 6/29/22 | $338,142 |
Cji Pest Management And Sterilization Cl Contracted Building Services | 6/29/22 | $240,093 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,384,328 |
| All other contributions, gifts, grants, and similar amounts not included above | $117,075 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,501,403 |
| Total Program Service Revenue | $7,067,481 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $449,889 |
| 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 | $9,037,763 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $378,808 |
| Compensation of current officers, directors, key employees. | $27,841 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,393,865 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $436,413 |
| Payroll taxes | $332,764 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $277,241 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $277,625 |
| Advertising and promotion | $0 |
| Office expenses | $57,470 |
| Information technology | $134,785 |
| Royalties | $0 |
| Occupancy | $1,673,428 |
| Travel | $40,327 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $604,059 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $968,843 |
| Insurance | $64,402 |
| All other expenses | $117,614 |
| Total functional expenses | $9,336,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,262,911 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,046,911 |
| 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 | $10,779 |
| Net Land, buildings, and equipment | $10,263,206 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $290,883 |
| Total assets | $15,874,690 |
| Accounts payable and accrued expenses | $658,292 |
| Grants payable | $0 |
| Deferred revenue | $92,843 |
| 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 | $12,160,694 |
| Other liabilities | $827,336 |
| Total liabilities | $13,739,165 |
| Net assets without donor restrictions | $2,135,525 |
| Net assets with donor restrictions | $0 |
| 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 | $15,874,690 |