Statesmen College Preparatory Academy For Boys Pcs
- Assets
- $5.6m
- Revenue
- $11.5m
- Investments
- $0.0
- Employees
- 73
- Location
- Washington, DC
- Founding
- 12/2017
- Data as of
- 06/2024
- EIN
- 82-1901942
Organization Overview
Statesmen College Preparatory Academy For Boys Pcs is located in Washington, DC. The organization was established in 2017. 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 06/2024, Statesmen College Preparatory Academy For Boys Pcs employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Statesmen College Preparatory Academy For Boys Pcs 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 06/2024, Statesmen College Preparatory Academy For Boys Pcs generated $11.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 48.4% each year . All expenses for the organization totaled $11.0m during the year ending 06/2024. While expenses have increased by 56.2% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A BOY-FRIENDLY, PEDAGOGY-INFORMED ACADEMIC ENVIRONMENT WITHIN WHICH YOUNG MEN ARE EQUIPPED WITH THE ACADEMIC SKILLS, SOCIAL COMPETENCIES, AND PERSONAL DEVELOPMENT NECESSARY TO NAVIGATE LIFE CHALLENGES, ATTEND AND COMPLETE THE COLLEGE OF THEIR CHOICE, AND RETURN TO BECOME THE PREMIER AGENTS OF SOCIAL CHANGE WITHIN AND FOR THE COMMUNITIES THEY SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STATESMEN COLLEGE PREPARATORY ACADEMY FOR BOYS PUBLIC CHARTER SCHOOL IS A MIDDLE SCHOOL PROGRAM CURRENTLY SERVING FOURTH, FIFTH, AND SIXTH GRADES AND GROWING A GRADE A YEAR THROUGH EIGHTH GRADE IN THE DISTRICT OF COLUMBIA. OUR DOORS OPENED TO THE FIRST CLASS OF 4TH GRADERS IN THE SUMMER OF 2018 AS THEY PARTICIPATED IN A MANDATORY SUMMER BRIDGE INSTITUTE. OUR PROGRAM OFFERS FREE TUITION, FREE MEALS, FREE UNIFORMS, FREE LOCAL AND REGIONAL FIELD TRIPS FOR ALL ENROLLED STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Solomon Mitchell Board Chair | OfficerTrustee | 2 | $0 |
Shawn Hardnett Founder & CEO | OfficerTrustee | 40 | $245,611 |
Raymond A Weeden Jr Board Vice Chair | OfficerTrustee | 2 | $0 |
Juan Pagan Treasurer | OfficerTrustee | 2 | $0 |
Greg Van Houten Trustee | Trustee | 1 | $0 |
Alicia R Adams Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Educational Tours Travel Services | 6/29/24 | $525,931 |
The Speech Therapy Company Special Education Seervices | 6/29/24 | $154,360 |
Dc Public Charter School Board Authorizer Fees | 6/29/24 | $116,711 |
Whitsons Culinary Group Food Services | 6/29/24 | $516,618 |
Sound Mind Associates Llc Counseling Services | 6/29/24 | $102,780 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,578,415 |
| All other contributions, gifts, grants, and similar amounts not included above | $545,109 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,123,524 |
| Total Program Service Revenue | $8,278,552 |
| Investment income | $105,521 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,676 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,518,464 |
| 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. | $259,474 |
| Compensation of current officers, directors, key employees. | $29,552 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,221,641 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $504,196 |
| Payroll taxes | $371,002 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,114 |
| Fees for services: Accounting | $144,859 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $172,288 |
| Advertising and promotion | $0 |
| Office expenses | $154,058 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,150,203 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $370,946 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $192,452 |
| Insurance | $21,087 |
| All other expenses | $0 |
| Total functional expenses | $10,952,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,633,694 |
| Savings and temporary cash investments | $1,248,168 |
| Pledges and grants receivable | $888,115 |
| Accounts receivable, net | $121,211 |
| 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 | $329,838 |
| Net Land, buildings, and equipment | $381,570 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,602,596 |
| Accounts payable and accrued expenses | $444,230 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $444,230 |
| Net assets without donor restrictions | $4,835,957 |
| Net assets with donor restrictions | $322,409 |
| 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 | $5,602,596 |