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← DISTRICT OF COLUMBIA COLLEGE ACCESS PROGRAM

Form 990 for tax year 2024

Filed by DISTRICT OF COLUMBIA COLLEGE ACCESS PROGRAM.

Totals

Total revenue
$43,874,401
Total expenses
$13,902,771
Contributions and grants received
$22,359,548
Grants paid
$7,222,579
Program service revenue
$0
Investment income
$21,483,132
Other revenue
$31,721
Total assets, end of year
$87,346,760
Total liabilities, end of year
$1,789,330
Net assets or fund balances, end of year
$85,557,430
Program services expenses (Part IX)
$10,808,334
Management and general expenses
$1,858,489
Fundraising expenses
$1,235,948
Program service expenses (Part III)
$10,808,334

Program services were 77.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $3,944

  • 1e · Government grants (contributions)

    $1,015,298

  • 1f · All other contributions, gifts and grants

    $21,340,306

  • 3 · Investment income

    total $2,148,065 · excluded $2,148,065

  • 7a · Gross sales of assets other than inventory

    securities $58,921,255

  • 7b · Less cost or other basis and sales expenses

    securities $39,586,188

  • 7c · Gain or loss

    securities $19,335,067

  • 7d · Net gain or loss

    total $19,335,067 · excluded $19,335,067

  • 11a · Other revenue: SCHOLARSHIP REFUNDS

    total $31,721 · excluded $31,721

  • 11e · Other revenue, total

    $31,721

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $7,222,579 · program services $7,222,579

  • 5 · Compensation of officers, directors and key employees

    total $1,188,301 · program services $596,543 · management and general $287,245 · fundraising $304,513

  • 7 · Other salaries and wages

    total $2,060,125 · program services $1,412,021 · management and general $124,492 · fundraising $523,612

  • 8 · Pension plan contributions

    total $43,068 · program services $29,756 · management and general $2,567 · fundraising $10,745

  • 9 · Other employee benefits

    total $153,479 · program services $95,856 · management and general $16,193 · fundraising $41,430

  • 10 · Payroll taxes

    total $250,419 · program services $155,136 · management and general $31,293 · fundraising $63,990

  • 11c · Fees: accounting

    total $372,090 · management and general $372,090

  • 11e · Fees: professional fundraising services

    total $9,000 · fundraising $9,000

  • 11f · Fees: investment management

    total $200,820 · management and general $200,820

  • 11g · Fees: other

    total $700,043 · program services $79,428 · management and general $620,244 · fundraising $371

  • 13 · Office expenses

    total $106,066 · program services $65,311 · management and general $28,010 · fundraising $12,745

  • 14 · Information technology

    total $586,783 · program services $506,629 · management and general $24,639 · fundraising $55,515

  • 16 · Occupancy

    total $514,497 · program services $318,782 · management and general $64,261 · fundraising $131,454

  • 17 · Travel

    total $111,623 · program services $103,044 · management and general $4,693 · fundraising $3,886

  • 19 · Conferences, conventions and meetings

    total $3,122 · program services $2,117 · management and general $705 · fundraising $300

  • 22 · Depreciation, depletion and amortization

    total $31,731 · program services $19,661 · management and general $3,963 · fundraising $8,107

  • 23 · Insurance

    total $64,852 · program services $40,182 · management and general $8,100 · fundraising $16,570

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $97,582 · program services $55,385 · management and general $23,754 · fundraising $18,443

  • 24b · Other expenses: PROGRAM FEES & SUPPLIES

    total $90,980 · program services $51,638 · management and general $22,146 · fundraising $17,196

  • 24c · Other expenses: STAFF DEVELOPMENT

    total $58,184 · program services $33,024 · management and general $14,163 · fundraising $10,997

  • 24d · Other expenses: BAD DEBT

    total $30,000 · program services $17,027 · management and general $7,303 · fundraising $5,670

  • 24e · All other expenses

    total $7,427 · program services $4,215 · management and general $1,808 · fundraising $1,404

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,418,219 · end of year $2,125,152

  • 2 · Savings and temporary cash investments

    beginning of year $10,729,254 · end of year $14,485,555

  • 3 · Pledges and grants receivable

    beginning of year $2,729,913 · end of year $9,828,369

  • 4 · Accounts receivable

    beginning of year $317,606 · end of year $348,780

  • 9 · Prepaid expenses and deferred charges

    beginning of year $231,739 · end of year $186,127

  • 10a · Land, buildings and equipment: cost or other basis

    $735,133

  • 10b · Land, buildings and equipment: accumulated depreciation

    $588,545

  • 10c · Land, buildings and equipment, net

    beginning of year $62,041 · end of year $146,588

  • 11 · Investments: publicly traded securities

    beginning of year $56,503,376 · end of year $58,933,979

  • 15 · Other assets

    beginning of year $1,683,421 · end of year $1,292,210

  • 17 · Accounts payable and accrued expenses

    beginning of year $539,862 · end of year $280,579

  • 25 · Other liabilities

    beginning of year $1,920,982 · end of year $1,508,751

  • 27 · Net assets without donor restrictions

    beginning of year $50,953,614 · end of year $56,979,249

  • 28 · Net assets with donor restrictions

    beginning of year $20,261,111 · end of year $28,578,181

Mission and programs · 2024

Mission

THE DISTRICT OF COLUMBIA COLLEGE ACCESS PROGRAM'S (DC CAP'S) PRIMARY PURPOSE IS TO ENCOURAGE AND ENABLE DISTRICT OF COLUMBIA STUDENTS TO ATTEND AND GRADUATE COLLEGE.

Activities or mission (Part I)

TO ENCOURAGE AND ENABLE DISTRICT OF COLUMBIA STUDENTS TO ATTEND AND GRADUATE FROM COLLEGE.

  • DC CAP MAINTAINS ONE MAIN INITIATIVE STUDENT SUCCESS, WHICH PROVIDES SCHOLARS WITH INCREASED FINANCIAL SUPPORT FROM DC CAP. IN CONJUNCTION WITH THIS PROGRAM, DC CAP PROVIDES COMPREHENSIVE SUPPORT FOR A PIPELINE OF "SCHOLARS," THE MAJORITY OF WHOM ENROLL AT ONE OF DC CAP'S "UNIVERSITY PARTNER INSTITUTIONS." THIS STRATEGY WAS DESIGNED TO PAIR FEDERAL, PRIVATE, AND INSTITUTIONAL GIFT AID WITH HIGH-IMPACT, COLLABORATIVE COACHING FROM DC CAP AND UNIVERSITY STAFF. STUDENT SUCCESS COACHES PROVIDE ACADEMIC, FINANCIAL AID, SOCIAL, AND LOGISTICAL SUPPORT WITHIN A COHORT-BASED SCHOLAR COMMUNITY. THIS SUPPORT LEADS TO AN INCREASE IN COLLEGE PERSISTENCE AND GRADUATION RATES FOR DISTRICT OF COLUMBIA STUDENTS. DC CAP'S FLAGSHIP PROGRAM, THE DC CAP UNIVERSITY PARTNERSHIP SCHOLARSHIP PROGRAM, WAS ENACTED THROUGH COLLABORATIVE AGREEMENTS WITH 14 HIGH-PERFORMING, FOUR-YEAR INSTITUTIONS THAT ARE COMMITTED TO INCREASING ENROLLMENT AND GRADUATION RATES FOR D.C. STUDENTS. PARTNER INSTITUTIONS MUST DEMONSTRATE HIGH COMPLETION RATES FOR LOW-INCOME (PELL GRANT RECIPIENT) STUDENTS AND OFFER COMPREHENSIVE SUPPORT SERVICES FOR LOW-INCOME AND FIRST-GENERATION STUDENTS. PARTNERSHIP INSTITUTIONS COLLABORATE CLOSELY WITH DC CAP TO RECRUIT AND SELECT A COHORT OF STUDENTS ANNUALLY, PROVIDE YEAR-ROUND HIGH INTENSITY RETENTION SUPPORT SERVICES AND TRACKING, AND AWARD SUBSTANTIAL FINANCIAL AID PACKAGES TO ENSURE THAT D.C. STUDENTS CAN EARN THEIR DEGREES. DC CAP UNIVERSITY PARTNERSHIP SCHOLARS ARE SELECTED AS GRADUATING HIGH SCHOOL SENIORS AND RECEIVE RENEWABLE SUPPORT FROM DC CAP FOR UP TO FIVE YEARS. SCHOLARSHIP AMOUNTS VARY BASED ON THE INSTITUTION AND RANGE FROM $5,000 TO $7,500 ANNUALLY PER SCHOLAR.

    Expenses $7,217,461 · Grants $5,275,079

  • DC CAP AWARDS "NAMED" SCHOLARSHIPS BASED ON DONOR GIVING AND AGREED UPON STUDENT ELIGIBILITY CRITERIA. ADDITIONALLY, DC CAP MANAGES THE WARD 7&8 SCHOLARS PROGRAM AND THE GEAR UP PROGRAM. WARD 7&8 PROVIDES SCHOLARSHIP FUNDING AND STUDENT SUCCESS COACHING TO INCREASE RETENTION AND GRADUATION RATES AMONG DC CAP SCHOLARS FROM D.C.'S WARD 7&8 HIGH SCHOOLS. THE PROGRAM PROVIDES HIGHLY INTENSIVE SUPPORT SERVICES THROUGH COLLEGE, AS WELL AS ANNUAL SCHOLARSHIPS FOR UP TO FIVE YEARS PER SCHOLAR ($12,000, PER SCHOLAR, PER YEAR). GEAR UP IS A FEDERALLY FUNDED COLLEGE-READINESS PROGRAM POWERED BY DC CAP THAT HELPS DC STUDENTS PREPARE FOR POSTSECONDARY EDUCATION STARTING AS EARLY AS MIDDLE SCHOOL. THROUGH SCHOOL-BASED COACHES, CAMPUS EXPERIENCES, MENTORING, AND HANDS-ON SUPPORT, GEAR UP BUILDS THE ACADEMIC AND PERSONAL SKILLS STUDENTS NEED TO SUCCEED IN POSTSECONDARY EDUCATION.

    Expenses $3,590,873 · Grants $1,947,500

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • TED LEONSIS

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • PINKIE DENT MAYFIELD

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • ANDREW FLAGEL

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • RONALD ABRAMSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JEREMY BLANK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KATHERINE BRADLEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PATRICK BUTLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOE DEL GUERCIO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LEWIS D FEREBEE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RAUL J FERNANDEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DONALD E GRAHAM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DR ANTOINETTE MITCHELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • W RUSSELL RAMSEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NIKKI REID

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TAMIKA L TREMAGLIO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID CANADA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • AMRY JUNAIDEEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ERIC WALDO

    PRESIDENT & CEO

    Total calculated
    $367,956
    From this org
    $351,149
    From related orgs
    $0
    Other
    $16,807
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $309,212
    Bonus
    $41,937
    Other
    $0
    Deferred
    $7,931
    Nontaxable benefits
    $8,876
    Filer's total
    $367,956

  • TOSHA LEWIS HUGHES

    CHIEF OPERATING OFFICER TO 09/24

    Total calculated
    $247,984
    From this org
    $238,565
    From related orgs
    $0
    Other
    $9,419
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,165
    Bonus
    $21,490
    Other
    $77,910
    Deferred
    $4,129
    Nontaxable benefits
    $5,290
    Filer's total
    $247,984

  • KYA DIXON

    CHIEF PROGRAM OFFICER

    Total calculated
    $197,293
    From this org
    $182,320
    From related orgs
    $0
    Other
    $14,973
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,165
    Bonus
    $7,155
    Other
    $0
    Deferred
    $5,176
    Nontaxable benefits
    $9,797
    Filer's total
    $197,293

  • PRESTON MAGOUIRK

    CHIEF DATA OFFICER

    Total calculated
    $192,541
    From this org
    $187,690
    From related orgs
    $0
    Other
    $4,851
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,440
    Bonus
    $12,250
    Other
    $0
    Deferred
    $2,127
    Nontaxable benefits
    $2,724
    Filer's total
    $192,541

  • ANGELA CAMMACK

    CHIEF OF STAFF

    Total calculated
    $195,574
    From this org
    $182,737
    From related orgs
    $0
    Other
    $12,837
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,487
    Bonus
    $12,250
    Other
    $0
    Deferred
    $4,120
    Nontaxable benefits
    $8,717
    Filer's total
    $195,574

  • ADAM NANCE

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $189,948
    From this org
    $178,766
    From related orgs
    $0
    Other
    $11,182
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,766
    Bonus
    $0
    Other
    $0
    Deferred
    $1,797
    Nontaxable benefits
    $9,385
    Filer's total
    $189,948

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
TOSHA LEWIS HUGHES, CHIEF OPERATING OFFICE, RECEIVED SEVERANCE OF $77,910.
PART I, LINE 7
DURING THE YEAR ENDED DECEMBER 31, 2024, ERIC WALDO, PRESIDENT/CEO, RECEIVED BONUSES OF $46,937, TOSHA LEWIS HUGHES, CHIEF OPERATING OFFICER, RECEIVED A BONUS OF $21,490, KYA DIXON, CHIEF PROGRAM OFFICER, RECEIVED A BONUS OF $7,155, PRESTON MAGOUIRK, CHIEF DATA OFFICER, RECEIVED A BONUS OF $12,250, AND ANGELA CAMMACK, CHIEF OF STAFF, RECEIVED A BONUS OF $12,250.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
9 March 2026
IRS schema version
2024v5.5
Source object
202610749349300316

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