Skip to content
Nonprofiteer
← TWO RIVERS PUBLIC CHARTER SCHOOL INC

Form 990 for tax year 2022

Filed by TWO RIVERS PUBLIC CHARTER SCHOOL INC.

Totals

Total revenue
$26,056,264
Total expenses
$28,753,963
Contributions and grants received
$25,521,658
Grants paid
$0
Program service revenue
$138,955
Investment income
$256,199
Other revenue
$139,452
Total assets, end of year
$55,494,024
Total liabilities, end of year
$45,446,357
Net assets or fund balances, end of year
$10,047,667
Program services expenses (Part IX)
$27,025,355
Management and general expenses
$1,518,901
Fundraising expenses
$209,707
Program service expenses (Part III)
$27,025,355

Program services were 94.0% 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.

  • 1c · Fundraising events

    $41,859

  • 1e · Government grants (contributions)

    $25,147,164

  • 1f · All other contributions, gifts and grants

    $332,635

  • 1g · Noncash contributions included above

    $48,696

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $138,955 · related or exempt $138,955

  • 3 · Investment income

    total $256,199 · excluded $256,199

  • 8a · Fundraising events: gross income

    $36,500

  • 8a · Fundraising events: contributions included on line 1c

    $41,859

  • 8b · Fundraising events: direct expenses

    $50,774

  • 8c · Net income from fundraising events

    total -$14,274 · excluded -$14,274

  • 10a · Gross sales of inventory

    $153,726

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $153,726 · related or exempt $153,726

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $71,148 · program services $64,744 · management and general $5,692 · fundraising $712

  • 7 · Other salaries and wages

    total $14,281,133 · program services $12,960,024 · management and general $1,204,934 · fundraising $116,175

  • 8 · Pension plan contributions

    total $573,366 · program services $518,072 · management and general $50,430 · fundraising $4,864

  • 9 · Other employee benefits

    total $1,360,127 · program services $1,228,981 · management and general $119,600 · fundraising $11,546

  • 10 · Payroll taxes

    total $1,105,233 · program services $998,668 · management and general $97,182 · fundraising $9,383

  • 11b · Fees: legal

    total $61,296 · program services $61,296

  • 11c · Fees: accounting

    total $237,472 · program services $237,472

  • 11g · Fees: other

    total $256,652 · program services $250,355 · management and general $2,855 · fundraising $3,442

  • 13 · Office expenses

    total $686,234 · program services $678,454 · management and general $3,527 · fundraising $4,253

  • 14 · Information technology

    total $377,748 · program services $373,465 · management and general $1,942 · fundraising $2,341

  • 16 · Occupancy

    total $2,021,198 · program services $1,998,283 · management and general $10,388 · fundraising $12,527

  • 17 · Travel

    total $169 · program services $169

  • 20 · Interest

    total $2,158,758 · program services $2,134,283 · management and general $11,095 · fundraising $13,380

  • 22 · Depreciation, depletion and amortization

    total $1,979,299 · program services $1,956,859 · management and general $10,173 · fundraising $12,267

  • 23 · Insurance

    total $124,882 · program services $123,466 · management and general $642 · fundraising $774

  • 24a · Other expenses: DIRECT STUDENT COSTS

    total $2,767,604 · program services $2,767,604

  • 24b · Other expenses: PROFESSIONAL DEVELOPMEN

    total $281,761 · program services $281,761

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $171,926 · program services $171,926

  • 24d · Other expenses: OTHER STAFF EXPENSES

    total $146,266 · program services $146,266

  • 24e · All other expenses

    total $91,691 · program services $73,207 · management and general $441 · fundraising $18,043

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $192,846 · end of year $495,637

  • 2 · Savings and temporary cash investments

    beginning of year $11,783,792 · end of year $12,703,264

  • 3 · Pledges and grants receivable

    beginning of year $2,239,270 · end of year $566,278

  • 4 · Accounts receivable

    beginning of year $815,868 · end of year $254,773

  • 9 · Prepaid expenses and deferred charges

    beginning of year $339,957 · end of year $459,295

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

    $54,937,096

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

    $14,304,957

  • 10c · Land, buildings and equipment, net

    beginning of year $42,745,183 · end of year $40,632,139

  • 15 · Other assets

    beginning of year $10,638,760 · end of year $382,638

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,624,624 · end of year $1,167,351

  • 19 · Deferred revenue

    end of year $88,934

  • 23 · Secured mortgages and notes payable

    beginning of year $52,191,304 · end of year $43,406,616

  • 25 · Other liabilities

    beginning of year $4,887,425 · end of year $783,456

  • 27 · Net assets without donor restrictions

    beginning of year $10,016,052 · end of year $10,047,667

  • 28 · Net assets with donor restrictions

    beginning of year $36,271 · end of year $0

Mission and programs · 2022

Mission

OUR MISSION IS TO PROVIDE QUALITY EARLY CHILDHOOD EDUCATION AND CARING, NURTURING CHILD CARE IN A WAY THAT VALUES AND RESPECTS EACH CHILD'S INDIVIDUALITY, AND FACILITATES GROWTH IN ALL ASPECTS OF THE CHILD'S DEVELOPMENT. TO CARRY OUT THIS MISSION, THE WESTMORELAND CHILDREN'S CENTER IS COMMITTED TO EMPLOYING OUTSTANDING DEDICATED STAFF; FOSTERING A STRONG SCHOOL-PARENT PARTNERSHIP; AND ENCOURAGING SOCIAL RESPONSIBILITY.

Activities or mission (Part I)

TO NURTURE A DIVERSE GROUP OF STUDENTS TO BECOME LIFELONG, ACTIVE PARTICIPANTS IN THEIR EDUCATION, DEVELOP A SENSE OF SELF AND COMMUNITY, AND BECOME RESPONSIBLE AND COMPASSIONATE MEMBERS OF SOCIETY.

  • ESTABLISHED A PUBLIC CHARTER SCHOOL IN WASHINGTON, D.C. THAT IS OPEN TO ANY D.C. CHILD IN GRADES PRESCHOOL THROUGH GRADE EIGHT.

    Expenses $27,025,355 · Revenue $292,681

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Aswathi Zachariah

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Malik Husser

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Eli Schlam

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Gregg Treml

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Jenny Bradbury

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kimberly Eddings

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • John Phillips

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Derek Pierce

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ahnna Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Lauren Hamilton-Edward

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Alvincent Hutson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Michael Murphy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Benjamin Robins

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kristina Kyles-Smith

    CEO

    Total calculated
    $161,128
    From this org
    $152,233
    From related orgs
    $0
    Other
    $8,895
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,233
    Bonus
    $5,000
    Other
    $0
    Deferred
    $4,208
    Nontaxable benefits
    $4,687
    Filer's total
    $161,128

  • Kenneth McCants-Pearsall

    CAO

    Total calculated
    $157,431
    From this org
    $139,452
    From related orgs
    $0
    Other
    $17,979
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,702
    Bonus
    $4,750
    Other
    $0
    Deferred
    $4,057
    Nontaxable benefits
    $13,922
    Filer's total
    $157,431

  • Aurora Steinle

    EXECUTIVE DIRECTOR

    Total calculated
    $181,296
    From this org
    $133,845
    From related orgs
    $0
    Other
    $47,451
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $123,845
    Bonus
    $10,000
    Other
    $0
    Deferred
    $11,590
    Nontaxable benefits
    $35,861
    Filer's total
    $181,296

  • Gail Williams

    COO

    Total calculated
    $175,180
    From this org
    $143,383
    From related orgs
    $0
    Other
    $31,797
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $131,566
    Bonus
    $11,817
    Other
    $0
    Deferred
    $9,462
    Nontaxable benefits
    $22,335
    Filer's total
    $175,180

  • Danielle Blount

    PRINCIPAL

    Total calculated
    $145,088
    From this org
    $122,782
    From related orgs
    $0
    Other
    $22,306
    Hours/week
    40

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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
ALL OFFICERS AND HIGHEST COMPENSATED EMPLOYEES RECEIVED BONUSES IN CALENDAR YEAR 2022. BONUSES ARE BASED ON MERIT. GAIL WILLIAMS, COO ($11,817) AURORA STEINLE, EXECUTIVE DIRECTOR ($10,000) KRISTINA KYLES-SMITH, CEO ($5,000) KENNETH MCCANTS-PEARSALL, CAO ($4,750) DANIELLE BLOUNT (3,000)

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • TWO RIVERS - YOUNG QALICB LLC

    REAL ESTATE HOLDING CORP · DC · income $378,925 · assets $0

    Directly controlled by TWO RIVERS PUBLIC CHARTER SCHOOL INC

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202401369349307040

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.