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← STATESMEN COLLEGE PREPARATORY ACADEMY FOR BOYS PCS

Form 990 for tax year 2023

Filed by STATESMEN COLLEGE PREPARATORY ACADEMY FOR BOYS PCS.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 8 May 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$11,518,464
Total expenses
$10,952,380
Contributions and grants received
$3,123,524
Grants paid
$0
Program service revenue
$8,278,552
Investment income
$97,845
Other revenue
$18,543
Total assets, end of year
$5,602,596
Total liabilities, end of year
$444,230
Net assets or fund balances, end of year
$5,158,366
Program services expenses (Part IX)
$9,716,348
Management and general expenses
$822,231
Fundraising expenses
$413,801
Program service expenses (Part III)
$9,716,348

Program services were 88.7% 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.

  • 1e · Government grants (contributions)

    $2,578,415

  • 1f · All other contributions, gifts and grants

    $545,109

  • 2a · Program service revenue: PER PUPIL ALLOCATIONS

    total $8,278,552 · related or exempt $8,278,552

  • 3 · Investment income

    total $105,521 · excluded $105,521

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

    other assets $7,676

  • 7c · Gain or loss

    other assets -$7,676

  • 7d · Net gain or loss

    total -$7,676 · excluded -$7,676

  • 11a · Other revenue: OTHER INCOME

    total $18,543 · excluded $18,543

  • 11e · Other revenue, total

    $18,543

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $259,474 · program services $214,694 · management and general $29,552 · fundraising $15,228

  • 7 · Other salaries and wages

    total $4,221,641 · program services $3,493,062 · management and general $480,814 · fundraising $247,765

  • 9 · Other employee benefits

    total $504,196 · program services $417,181 · management and general $57,424 · fundraising $29,591

  • 10 · Payroll taxes

    total $371,002 · program services $306,974 · management and general $42,254 · fundraising $21,774

  • 11b · Fees: legal

    total $7,114 · program services $6,259 · management and general $597 · fundraising $258

  • 11c · Fees: accounting

    total $144,859 · program services $127,456 · management and general $12,148 · fundraising $5,255

  • 11g · Fees: other

    total $172,288 · program services $151,589 · management and general $14,448 · fundraising $6,251

  • 13 · Office expenses

    total $154,058 · program services $135,548 · management and general $12,920 · fundraising $5,590

  • 16 · Occupancy

    total $1,150,203 · program services $1,012,015 · management and general $96,454 · fundraising $41,734

  • 19 · Conferences, conventions and meetings

    total $370,946 · program services $326,380 · management and general $31,107 · fundraising $13,459

  • 22 · Depreciation, depletion and amortization

    total $192,452 · program services $169,331 · management and general $16,138 · fundraising $6,983

  • 23 · Insurance

    total $21,087 · program services $18,554 · management and general $1,768 · fundraising $765

  • 24a · Other expenses: DIRECT STUDENT COSTS

    total $2,953,145 · program services $2,953,145

  • 24b · Other expenses: OTHER STAFF EXPENSES

    total $244,015 · program services $227,314 · management and general $11,657 · fundraising $5,044

  • 24c · Other expenses: ALL OTHER EXPENSES

    total $150,280 · program services $125,505 · management and general $11,963 · fundraising $12,812

  • 24d · Other expenses: DUES, FEES, AND LOSSES

    total $35,620 · program services $31,341 · management and general $2,987 · fundraising $1,292

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,672,608 · end of year $2,633,694

  • 2 · Savings and temporary cash investments

    end of year $1,248,168

  • 3 · Pledges and grants receivable

    beginning of year $720,245 · end of year $888,115

  • 4 · Accounts receivable

    beginning of year $104,670 · end of year $121,211

  • 9 · Prepaid expenses and deferred charges

    beginning of year $75,655 · end of year $329,838

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

    $968,351

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

    $586,781

  • 10c · Land, buildings and equipment, net

    beginning of year $380,271 · end of year $381,570

  • 15 · Other assets

    beginning of year $1,014,783 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $379,792 · end of year $444,230

  • 25 · Other liabilities

    beginning of year $994,509 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $4,260,224 · end of year $4,835,957

  • 28 · Net assets with donor restrictions

    beginning of year $333,707 · end of year $322,409

Mission and programs · 2023

Mission

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.

  • 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.

    Expenses $9,716,348 · Revenue $8,278,552

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nicole Solomon Mitchell

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Shawn Hardnett

    FOUNDER & CEO

    Total calculated
    $253,953
    From this org
    $245,611
    From related orgs
    $0
    Other
    $8,342
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,527
    Bonus
    $15,084
    Other
    $0
    Deferred
    $8,342
    Nontaxable benefits
    $0
    Filer's total
    $253,953

  • Raymond A Weeden Jr

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Juan Pagan

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Greg Van Houten

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Alicia R Adams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mary Edith Brown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James Anthony Alexander Cadogan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Satira Streeter Corbitt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ray D McKenzie

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sandi McCoy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bisi Oyedale

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kenny Pegram

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bernard Woolfey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Samantha Barbee

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
2023
Filed
9 December 2024
IRS schema version
2023v5.1
Source object
202443469349300044

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