Meridian Public Charter School
- Assets
- $24.7m
- Revenue
- $18.6m
- Investments
- $0.0
- Employees
- 189
- Location
- Washington, DC
- Founding
- 04/2000
- Data as of
- 06/2022
- EIN
- 52-2131742
Organization Overview
Meridian Public Charter School is located in Washington, DC. The organization was established in 2000. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Meridian Public Charter School employed 189 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meridian 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, Meridian Public Charter School generated $18.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $19.3m during the year ending 06/2022. While expenses have increased by 3.3% 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
TO INSPIRE A PASSION FOR LEARNING IN OUR STUDENTS AND HELP THEM BUILD SELF-CONFIDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING A PUBLIC CHARTER SCHOOL SERVING MORE THAN 600 STUDENTS IN GRADES PRE-K THROUGH 8TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edie Ashton Chair | OfficerTrustee | 2 | $0 |
Steve Pearcy Secretary | OfficerTrustee | 2 | $0 |
Mahmia Richards Treasurer | OfficerTrustee | 2 | $0 |
Keith Wade Collins Member | Trustee | 2 | $0 |
Justin Duiguid Member | Trustee | 2 | $0 |
Annie Hsiao Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tensquare School Improvement Support | 6/29/22 | $692,525 |
Eagle Bank Building Loans | 6/29/22 | $446,420 |
Luncheras Di Si Llc Food Service | 6/29/22 | $721,540 |
Align Staffing Staffing Support | 6/29/22 | $621,191 |
Young & Well Llc Speech And Language Services | 6/29/22 | $430,770 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,619,352 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,917 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,624,269 |
| Total Program Service Revenue | $2,848 |
| Investment income | $538 |
| 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 | $18,629,497 |
| 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. | $173,460 |
| Compensation of current officers, directors, key employees. | $20,919 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,507,849 |
| Pension plan accruals and contributions | $257,038 |
| Other employee benefits | $1,534,999 |
| Payroll taxes | $85,933 |
| Fees for services: Management | $692,326 |
| Fees for services: Legal | $24,939 |
| Fees for services: Accounting | $195,132 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,630,433 |
| Advertising and promotion | $12,875 |
| Office expenses | $306,062 |
| Information technology | $273,044 |
| Royalties | $0 |
| Occupancy | $1,212,527 |
| Travel | $22,430 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $287,232 |
| Interest | $506,825 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,740,754 |
| Insurance | $197,744 |
| All other expenses | $2,803 |
| Total functional expenses | $19,279,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $623,910 |
| Savings and temporary cash investments | $4,186,253 |
| Pledges and grants receivable | $1,220,161 |
| 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 | $57,883 |
| Net Land, buildings, and equipment | $18,516,961 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $74,824 |
| Total assets | $24,679,992 |
| Accounts payable and accrued expenses | $1,361,843 |
| Grants payable | $0 |
| Deferred revenue | $872 |
| Tax-exempt bond liabilities | $6,371,760 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,783,069 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,517,544 |
| Net assets without donor restrictions | $11,162,448 |
| 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 | $24,679,992 |