Thurgood Marshall Academy
- Assets
- $16.9m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 102
- Location
- Washington, DC
- Founding
- 04/2001
- Data as of
- 06/2022
- EIN
- 52-2265744
Organization Overview
Thurgood Marshall Academy, operating under the name Thurgood Marshall Academy Public Charter High School, is located in Washington, DC. The organization was established in 2001. 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, Thurgood Marshall Academy Public Charter High School employed 102 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thurgood Marshall Academy Public Charter High 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, Thurgood Marshall Academy Public Charter High School generated $10.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $11.8m during the year ending 06/2022. While expenses have increased by 5.4% 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
THURGOOD MARSHALL ACADEMY PREPARES HIGH SCHOOL STUDENTS FOR SUCCESS IN COLLEGE AND CIVIC LIFE THROUGH A PROGRAM FEATURING A DATA-DRIVEN CURRICULUM AND WRAP-AROUND YOUTH DEVELOPMENT SERVICE. IT TEACHES ROUGHLY 350 STUDENTS PER YEAR, MOST OF WHOM LIVE IN UNDER-RESOURCED NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THURGOOD MARSHALL ACADEMY HAS A SINGLE PROGRAM--EDUCATION VIA DATA-DRIVEN INSTRUCTION AND YOUTH-DEVELOPMENT ACTIVITIES. IN THE FISCAL YEAR ENDING 6/30/2022, THE SCHOOL SERVED 347 STUDENTS DURING THE ROUGHLY 180-DAY SCHOOL YEAR AS WELL AS ROUGHLY 100 STUDENTS DURING SUMMER PROGRAMMING. HISTORICALLY, THE SCHOOL'S STUDENTS' SCORES ON STANDARDIZED TESTS HAVE BEEN ABOVE THE AVERAGE FOR OPEN ENROLLMENT HIGH SCHOOLS IN DC. SUBSTANTIALLY ALL GRADUATING SENIORS WERE ACCEPTED TO COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Stoel Chair Of The Board Of Trustees | OfficerTrustee | 2 | $0 |
Mark Harrison Vice Chair Of The Board Of Trustees | OfficerTrustee | 2 | $0 |
Kenneth Jones Treasurer & Trustee | OfficerTrustee | 2 | $0 |
Dan Gordon Secretary & Trustee | OfficerTrustee | 2 | $0 |
Bruce Berman Trustee | Trustee | 2 | $0 |
Danielle Bierzynski Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Genuine Foods Student Food Service | 6/29/22 | $284,343 |
Building Hope Services Llc Accounting & Hr Services | 6/29/22 | $237,572 |
Bolana Capitol Enterprises Inc Cleaning Services | 6/29/22 | $197,807 |
Swing Education Inc Substitute Teachers | 6/29/22 | $192,715 |
Urban Teachers Teaching Fellows | 6/29/22 | $152,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $141,264 |
| Related organizations | $0 |
| Government grants | $2,097,724 |
| All other contributions, gifts, grants, and similar amounts not included above | $128,136 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,367,124 |
| Total Program Service Revenue | $8,235,088 |
| Investment income | $591 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$60,643 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,588,580 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $18,752 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $365,016 |
| Compensation of current officers, directors, key employees. | $88,395 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,509,597 |
| Pension plan accruals and contributions | $135,053 |
| Other employee benefits | $599,066 |
| Payroll taxes | $469,203 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,000 |
| Fees for services: Accounting | $236,262 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $191,217 |
| Information technology | $270,830 |
| Royalties | $0 |
| Occupancy | $863,761 |
| Travel | $302,321 |
| 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 | $659,421 |
| Insurance | $67,483 |
| All other expenses | $133,732 |
| Total functional expenses | $11,803,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,208 |
| Savings and temporary cash investments | $6,158,724 |
| Pledges and grants receivable | $767,884 |
| 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 | $180,628 |
| Net Land, buildings, and equipment | $9,780,153 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,888,597 |
| Accounts payable and accrued expenses | $320,544 |
| Grants payable | $0 |
| Deferred revenue | $47,745 |
| 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 | $497,538 |
| Total liabilities | $865,827 |
| Net assets without donor restrictions | $15,912,837 |
| Net assets with donor restrictions | $109,933 |
| 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 | $16,888,597 |