Perry Street Preparatory Public Charter School
- Assets
- $25.8m
- Revenue
- $11.2m
- Investments
- $0.0
- Employees
- 81
- Location
- Washington, DC
- Founding
- 02/2000
- Data as of
- 06/2021
- EIN
- 52-2174617
Organization Overview
Perry Street Preparatory Public Charter School is located in Washington, DC. The organization was established in 2000. 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, Perry Street Preparatory Public Charter School employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Perry Street Preparatory 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 06/2021, Perry Street Preparatory Public Charter School generated $11.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $10.2m during the year ending 06/2021. While expenses have increased by 4.2% 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
TO DEVELOP SOCIALLY RESPONSIBLE LEADERS WHILE TRANSFORMING PUBLIC EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL'S CHARTER PROVIDES FOR ENROLLMENT OF UP TO 850 STUDENTS IN PRE-KINDERGARTEN (3 YEARS OLD) THROUGH 8TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Crouch Principal | Officer | 40 | $143,081 |
Kelly Smith Director Of Operations | Officer | 40 | $140,425 |
Wallace Sellars Assistant Principal | 40 | $105,032 | |
Cherrie Moye 8th Grade English Language Arts Teacher | 40 | $101,935 | |
Cynthia Brown President | OfficerTrustee | 4 | $0 |
Consuelo Nelson Vice President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Appletree Institute For Education Innova Preschool Instruction | 6/29/21 | $1,429,776 |
Sterling Speech Associates Llc Speech Therapy | 6/29/21 | $124,233 |
Luncheras Di Si Llc Food Services | 6/29/21 | $120,577 |
Capital Construction Group Llc Building Improvements, Renovation | 6/29/21 | $530,698 |
Tensquare Llc School Improvement Services | 6/29/21 | $391,637 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,838,720 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,005 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,842,725 |
| Total Program Service Revenue | $9,331,672 |
| Investment income | $19,472 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,336 |
| Net Gain/Loss on Asset Sales | -$560 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,208,232 |
| 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. | $324,584 |
| Compensation of current officers, directors, key employees. | $38,302 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,335,444 |
| Pension plan accruals and contributions | $41,687 |
| Other employee benefits | $263,323 |
| Payroll taxes | $423,997 |
| Fees for services: Management | $1,429,776 |
| Fees for services: Legal | $8,008 |
| Fees for services: Accounting | $129,763 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $124,160 |
| Advertising and promotion | $0 |
| Office expenses | $115,572 |
| Information technology | $38,274 |
| Royalties | $0 |
| Occupancy | $714,158 |
| 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 | $957,726 |
| Insurance | $125,933 |
| All other expenses | $0 |
| Total functional expenses | $10,178,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,836,769 |
| Savings and temporary cash investments | $10,551,285 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,004,028 |
| 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 | $85,695 |
| Net Land, buildings, and equipment | $11,746,963 |
| Investments—publicly traded securities | $383,178 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $168,245 |
| Total assets | $25,776,163 |
| Accounts payable and accrued expenses | $788,060 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $11,844,033 |
| 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 | $3,824,677 |
| Total liabilities | $16,456,770 |
| Net assets without donor restrictions | $9,180,138 |
| Net assets with donor restrictions | $139,255 |
| 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 | $25,776,163 |
Endowment Analysis
| Beg. Balance | $5,462,019 |
| Ending Balance | $5,462,019 |
Peer Organizations
| 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 |