Ingenuity Prep 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 06/2021, Ingenuity Prep employed 179 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ingenuity Prep 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, Ingenuity Prep generated $17.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $16.8m during the year ending 06/2021. While expenses have increased by 19.1% 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
INGENUITY PREP PUBLIC CHARTER SCHOOL PREPARES ITS STUDENTS TO SUCCEED IN COLLEGE AND BEYOND AS IMPACTFUL CIVIC LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INGENUITY PREP PUBLIC CHARTER SCHOOL PREPARES STUDENTS TO SUCCEED IN COLLEGE AND BEYOND AS IMPACTFUL CIVIC LEADERS. WITH THIS AIM, THE CHARTER SCHOOL OPENED IN WASHINGTON, DC, IN AUGUST OF 2013 AND HAS EXPANDED TO NOW SERVE OVER 800 STUDENTS IN PRESCHOOL THROUGH 8TH GRADE AND HAS A STAFF OF MORE THAN 150. INGENUITY PREP IS ORGANIZED INTO THREE ACADEMIES: EARLY CHILDHOOD (SERVING GRADES PRESCHOOL THROUGH KINDERGARTEN), ELEMENTARY SCHOOL ACADEMY (SERVING GRADES 1 THROUGH 4), AND MIDDLE SCHOOL ACADEMY (SERVING GRADES 5 THROUGH 8). WE PREPARE OUR STUDENTS FOR SUCCESS IN COLLEGE AND IN LIFE. WE SET HIGH STANDARDS AND STRIVE TO CULTIVATE A LOVE OF LEARNING IN EVERY STUDENT. WE ARE A PLACE WHERE STUDENTS CAN LEARN, ESTABLISH DEEP RELATIONSHIPS AND PREPARE TO BECOME IMPACTFUL CIVIC LEADERS. THE CORNERSTONES OF INGENUITY PREP'S PROGRAM ARE: RIGOROUS CONTENT AND INDIVIDUALIZED INSTRUCTION - WE START BY SETTING HIGH ACADEMIC STANDARDS FOR OUR STUDENTS, AND CREATING THE CIRCUMSTANCES FOR THEM TO ACHIEVE ACADEMIC EXCELLENCE. WE BELIEVE THAT THE BEST WAY TO DO THIS IS BY LEVERAGING A ROBUST CURRICULUM AND CONSISTENTLY DELIVERING WELL-PLANNED, HIGH-QUALITY LESSONS. WE ARE ABLE TO ACCOMPLISH OUR GOALS BY BEING RESPONSIVE TO STUDENT DATA, MAINTAINING LOW TEACHER-TO-STUDENT RATIOS SO THAT STUDENTS ARE ALWAYS GETTING PERSONALIZED AND SMALL GROUP LEARNING, ENABLING TEACHER CONTENT SPECIALIZATION AS EARLY AS KINDERGARTEN SO THAT OUR TEACHERS ARE TRUE EXPERTS IN THE SUBJECTS THEY TEACH, AND INTENTIONALLY LEVERAGING TECHNOLOGY TO EVEN FURTHER PERSONALIZE AND ACCELERATE STUDENT LEARNING. CIVIC LEADERSHIP - WE BELIEVE THAT ACADEMIC EXCELLENCE - WHILE VERY IMPORTANT - IS NOT SUFFICIENT TO PREPARE STUDENTS FOR THE DEMANDS OF 21ST CENTURY LEADERSHIP. BUILDING CIVIC LEADERS IS CORE TO OUR MISSION. WE WANT TO EQUIP STUDENTS TO PURSUE THEIR PASSIONS AND BE EMPOWERED TO THINK, SPEAK, AND ACT POSITIVELY ON BEHALF OF THEMSELVES, THEIR COMMUNITY, THE COUNTRY, AND THE WORLD. BEGINNING IN PRE-K, CIVIC LEADERSHIP CLASS TIME AND ACTIVITIES ARE INTENTIONALLY BUILT INTO OUR SCHEDULE. IN OUR EARLY GRADES, WE FOCUS ON SOCIAL-EMOTIONAL INSTRUCTION SO THAT STUDENTS BUILD SKILLS IN EMPATHY, RESILIENCE, AND SELF-ADVOCACY. AS OUR STUDENTS GET OLDER, WE CONTINUE TO BUILD ON SOCIAL-EMOTIONAL SKILLS WHILE ALSO HAVING STUDENTS ENGAGE WITH SPECIFIC SOCIAL JUSTICE ISSUES AND PROVIDING THEM WITH OPPORTUNITIES TO ENGAGE WITH THOSE ISSUES IN THEIR COMMUNITY. FOR EXAMPLE, WHEN OUR 4TH GRADERS LEARNED ABOUT OUR FOOD DESERT IN WARD 8, THEY PLANNED A FOOD DRIVE AND DELIVERED THE PROCEEDS TO LOCAL FOOD BANKS. ENRICHMENT - WE PROVIDE DAILY OPPORTUNITIES FOR STUDENTS TO PURSUE INTEREST AREAS OUTSIDE OF TRADITIONAL ACADEMICS. OUR ENRICHMENT PROGRAMS START IN PRE-K WITH ART AND PHYSICAL EDUCATION AND BUILD THROUGHOUT THE COURSE OF ELEMENTARY SCHOOL WHERE WE ADD MUSIC AND EXPANDED SCIENCE AND SOCIAL STUDIES CLASSES. WHEN STUDENTS REACH MIDDLE SCHOOL, THEY ARE INTRODUCED TO ENRICHMENT IN AN ELECTIVE FORMAT THROUGH CLASSES LIKE JOURNALISM AND DEBATE WHERE THEY CAN BEGIN TO DRAW EXPLICIT CONNECTIONS BETWEEN THESE ACTIVITIES AND THE ACADEMIC SKILLS RELATED TO THEM. ENRICHMENTS ARE OPPORTUNITIES FOR STUDENTS TO BUILD KNOWLEDGE IN AREAS OF PASSION, WHICH IN TURN FUEL MOTIVATION AND FOSTER GROWTH MINDSET. WE BELIEVE STRONG ENRICHMENT SUPPORTS STUDENT GROWTH AND MOTIVATION ACROSS ALL PARTS OF THE SCHOOL EXPERIENCE. IN ADDITION TO THE CORE COMPONENTS OF OUR DAY-TO-DAY PROGRAM, THEMES OF COMMUNITY, RELATIONSHIPS, AND EQUITY OF ACCESS RUN THROUGH EVERY PART OF OUR SCHOOL. THESE PRINCIPLES ARE CORE TO OUR SCHOOL'S IDENTITY: COMMUNITY AND RELATIONSHIPS - COMMUNITY AND RELATIONSHIPS ARE INTEGRAL PARTS OF ACADEMIC AND PERSONAL DEVELOPMENT. OUR TEACHERS TAKE TIME TO BUILD MEANINGFUL CONNECTIONS WITH STUDENTS, WORKING INTENTIONALLY TO GET TO KNOW THEM AS PEOPLE. WE ALSO HOLD UP FAMILIES AS CRITICAL MEMBERS OF OUR SCHOOL COMMUNITY. WE BELIEVE IN CULTIVATING THEM AS PARTNERS AND PROVIDING THEM WITH TOOLS AND RESOURCES TO SUPPORT STUDENTS TO MEET THEIR GOALS AND REALIZE THEIR DREAMS. FURTHER, WE WORK INTENTIONALLY TO SUPPORT STUDENTS TO BUILD THEIR OWN COMMUNITY AT SCHOOL THROUGH SOCIAL- EMOTIONAL LEARNING ACTIVITIES AND RESTORATIVE PRACTICE TO SUPPORT COMMUNICATING COMMUNALLY WITH AND TO ANYONE IN THE INGENUITY PREP COMMUNITY. LAST, BUT NOT LEAST, WE ARE COMMITTED, ACTIVE PARTICIPANTS IN OUR WARD 8 COMMUNITY. EQUITY OF ACCESS - THERE IS STILL TOO LARGE A DIVIDE IN OUR COUNTRY BETWEEN THE EDUCATIONAL OPPORTUNITIES OF STUDENTS FROM DIFFERENT COMMUNITIES AND BACKGROUNDS. AT INGENUITY PREP WE STRIVE TO PROVIDE THE SOUTHEAST DC COMMUNITY WITH A SCHOOL THAT LEVELS THE EDUCATIONAL PLAYING FIELD FOR ITS STUDENTS, PROVIDING THEM WITH HIGH QUALITY INSTRUCTION AND RICH EDUCATIONAL OPPORTUNITIES, EQUIPPING THEM TO SUCCEED AT THE SAME HIGH LEVELS AS OTHER STUDENTS IN THE US AND IN OTHER COUNTRIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
William Stoetzer Chief Execut | Officer | 40 | $162,905 |
Jennifer K Hampton - Chief Academic Off | Officer | 40 | $157,244 |
Lashawndra Thornton Chief Of Sta | 40 | $131,069 | |
Benjamin Johnson Principal | 40 | $116,494 | |
Heather Debruler - Sped Coordinator/ | 40 | $110,606 | |
Stephanie Moore - Director Of Student S | 40 | $103,215 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Ellis Therapeutic Consultants Inc Therapeutic | 6/29/21 | $250,601 |
Revolution Foods Inc Food Services | 6/29/21 | $291,772 |
Lavinia Group Llc Literacy Consul | 6/29/21 | $239,185 |
Jennifer Lindsay Education Consu | 6/29/21 | $173,411 |
Edops Accounting | 6/29/21 | $104,338 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,757,295 |
All other contributions, gifts, grants, and similar amounts not included above | $275,040 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,032,335 |
Total Program Service Revenue | $15,859,173 |
Investment income | $1,131 |
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 | $17,892,639 |
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. | $495,264 |
Compensation of current officers, directors, key employees. | $76,883 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $8,683,266 |
Pension plan accruals and contributions | $91,763 |
Other employee benefits | $864,659 |
Payroll taxes | $793,418 |
Fees for services: Management | $0 |
Fees for services: Legal | $101,950 |
Fees for services: Accounting | $173,667 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $53,338 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $693,885 |
Advertising and promotion | $159,469 |
Office expenses | $692,884 |
Information technology | $151,829 |
Royalties | $0 |
Occupancy | $2,400,948 |
Travel | $11,353 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $848 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $390,534 |
Insurance | $38,762 |
All other expenses | $77,976 |
Total functional expenses | $16,752,947 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,531,010 |
Savings and temporary cash investments | $1,689,797 |
Pledges and grants receivable | $484,016 |
Accounts receivable, net | $152,154 |
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 | $67,711 |
Net Land, buildings, and equipment | $2,163,165 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $101,829 |
Total assets | $6,189,682 |
Accounts payable and accrued expenses | $1,165,705 |
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 | $14,621 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $1,180,326 |
Net assets without donor restrictions | $5,009,356 |
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 | $6,189,682 |
Over the last fiscal year, we have identified 3 grants that Ingenuity Prep has recieved totaling $78,688.
Awarding Organization | Amount |
---|---|
Norman R Rales And Ruth Rales Foundation Washington, DC PURPOSE: EDUCATIONAL SUPPORT | $54,383 |
Norman R Rales And Ruth Rales Foundation Washington, DC PURPOSE: EDUCATIONAL SUPPORT | $24,300 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
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 |