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Nonprofiteer
← EAGLE ACADEMY PUBLIC CHARTER SCHOOL INC

Form 990 for tax year 2023

Filed by EAGLE ACADEMY PUBLIC CHARTER SCHOOL INC.

Totals

Total revenue
$15,434,899
Total expenses
$20,471,040
Contributions and grants received
$3,687,472
Grants paid
$0
Program service revenue
$11,661,943
Investment income
$21,168
Other revenue
$64,316
Total assets, end of year
$27,102,792
Total liabilities, end of year
$22,037,274
Net assets or fund balances, end of year
$5,065,518
Program services expenses (Part IX)
$15,070,702
Management and general expenses
$5,148,942
Fundraising expenses
$251,396
Program service expenses (Part III)
$15,070,702

Program services were 73.6% 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)

    $3,181,034

  • 1f · All other contributions, gifts and grants

    $506,438

  • 2a · Program service revenue: PER PUPIL REVENUE

    total $11,383,736 · related or exempt $11,383,736

  • 2b · Program service revenue: BEFORE AND AFTER CARE

    total $278,207 · related or exempt $278,207

  • 3 · Investment income

    total $21,168 · excluded $21,168

  • 6a · Gross rents

    real property $46,398

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $46,398

  • 6d · Net rental income or loss

    total $46,398 · excluded $46,398

  • 11a · Other revenue: OTHER INCOME

    total $17,918 · excluded $17,918

  • 11e · Other revenue, total

    $17,918

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $10,340,546 · program services $7,187,304 · management and general $2,989,083 · fundraising $164,159

  • 7 · Other salaries and wages

    total $1,745,238 · program services $1,134,405 · management and general $581,746 · fundraising $29,087

  • 11g · Fees: other

    total $935,445 · program services $739,002 · management and general $187,089 · fundraising $9,354

  • 12 · Advertising and promotion

    total $164,979 · program services $130,333 · management and general $32,996 · fundraising $1,650

  • 13 · Office expenses

    total $118,868 · program services $93,924 · management and general $23,755 · fundraising $1,189

  • 14 · Information technology

    total $38,619 · program services $30,509 · management and general $7,724 · fundraising $386

  • 16 · Occupancy

    total $2,107,898 · program services $1,665,240 · management and general $421,579 · fundraising $21,079

  • 17 · Travel

    total $52,273 · program services $41,295 · management and general $10,455 · fundraising $523

  • 19 · Conferences, conventions and meetings

    total $88,428 · program services $69,858 · management and general $17,686 · fundraising $884

  • 20 · Interest

    total $515,220 · program services $407,024 · management and general $103,044 · fundraising $5,152

  • 22 · Depreciation, depletion and amortization

    total $1,512,174 · program services $1,265,037 · management and general $235,369 · fundraising $11,768

  • 23 · Insurance

    total $445,776 · program services $352,163 · management and general $89,155 · fundraising $4,458

  • 24a · Other expenses: DIRECT STUDENT COSTS

    total $1,820,719 · program services $1,820,719

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $415,122 · management and general $415,122

  • 24c · Other expenses: ADMINISTRATIVE FEES

    total $126,467 · program services $99,909 · management and general $25,293 · fundraising $1,265

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $27,543 · program services $21,557 · management and general $5,701 · fundraising $285

  • 24e · All other expenses

    total $15,725 · program services $12,423 · management and general $3,145 · fundraising $157

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,211,373 · end of year $288,137

  • 3 · Pledges and grants receivable

    beginning of year $1,690,472 · end of year $556,025

  • 4 · Accounts receivable

    beginning of year $1,669,013 · end of year $390,214

  • 7 · Other notes and loans receivable

    beginning of year $40,118

  • 9 · Prepaid expenses and deferred charges

    beginning of year $221,971 · end of year $31,951

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

    $31,645,124

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

    $11,030,854

  • 10c · Land, buildings and equipment, net

    beginning of year $21,749,488 · end of year $20,614,270

  • 15 · Other assets

    beginning of year $5,931,740 · end of year $5,222,195

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,373,586 · end of year $2,157,220

  • 19 · Deferred revenue

    beginning of year $309,659 · end of year $273,092

  • 23 · Secured mortgages and notes payable

    beginning of year $13,774,727 · end of year $13,278,970

  • 24 · Unsecured notes and loans payable

    beginning of year $1,000,000 · end of year $1,000,000

  • 25 · Other liabilities

    beginning of year $5,954,544 · end of year $5,327,992

  • 27 · Net assets without donor restrictions

    beginning of year $10,101,659 · end of year $4,984,878

  • 28 · Net assets with donor restrictions

    end of year $80,640

Mission and programs · 2023

Mission

ON AUGUST 20, 2024, THE SCHOOL'S BOARD OF TRUSTEES (THE BOARD) VOTED TO RELINQUISH THE SCHOOL'S CHARTER AND THE SCHOOL IS CURRENTLY GOING THROUGH DISSOLUTION. THE SCHOOL HAD SUFFERED SIGNIFICANT LOSSES FROM OPERATIONS DUE TO DECLINING ENROLLMENT. DURING THE YEARS ENDED JUNE 30, 2024 AND 2023, THE SCHOOL HAD LOSSES OF APPROXIMATELY $5.0 MILLION AND $1.4 MILLION, RESPECTIVELY, AS EXPENSES CONTINUED TO OUTPACE REVENUE. EFFECTIVE AUGUST 20, 2024, THE SCHOOL'S BASIS OF ACCOUNTING CHANGED TO THE LIQUIDATION BASIS OF ACCOUNTING.

Activities or mission (Part I)

TO BUILD THE FOUNDATION FOR A PROMISING FUTURE FOR ALL STUDENTS IN A RICH, ROBUST LEARNING ENVIRONMENT THAT FOSTERS CREATIVITY, PROBLEM-SOLVING ABILITIES, EMPHASIZING COGNITIVE, SOCIAL, AND EMOTIONAL GROWTH BY ENGAGING CHILDREN AS ACTIVE LEARNERS.

  • THE SCHOOL PROVIDES EDUCATIONAL OPPORTUNITIES TO POOR AND DISADVANTAGED CHILDREN FROM PRESCHOOL TO THIRD GRADE IN POVERTY IMPACTED HOUSEHOLDS AND ECONOMICALLY DISTRESSED COMMUNITIES IN THE DISTRICT OF COLUMBIA. THE SCHOOL SEEKS TO DEVELOP A SOLID ACADEMIC FOUNDATION FOR EACH STUDENT THROUGH AN INFUSION OF LEARNING TECHNOLOGY THAT ALL STUDENTS AND TEACHERS USE IN THE CLASSROOM.

    Expenses $15,070,702 · Revenue $11,661,943

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

Listed in Part VII

  • Aaron Letner

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Aishah Briscoe

    TREASURER, TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Keisha Mims

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dionne Bussey-Reader

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Angelle Kwemo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sharnetta Boone-Ruffin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jacqueline Davis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joe Smith

    CHIEF EXECUTIVE OFFICER AND TRUSTEE (01/24 - 05/24

    Total calculated
    $313,337
    From this org
    $290,000
    From related orgs
    $0
    Other
    $23,337
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $290,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,337
    Filer's total
    $313,337

  • Sabrina O'Gilvie

    DEPUTY CHIEF EXECUTIVE OFFICER AND TRUSTEE (05/24)

    Total calculated
    $226,738
    From this org
    $220,000
    From related orgs
    $0
    Other
    $6,738
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,738
    Filer's total
    $226,738

  • Alston Karen Maria

    X

    Total calculated
    $159,091
    From this org
    $148,351
    From related orgs
    $0
    Other
    $10,740
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,351
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,740
    Filer's total
    $159,091

  • Robinson Sharmel Marguit

    X

    Total calculated
    $138,474
    From this org
    $137,772
    From related orgs
    $0
    Other
    $702
    Hours/week
    40

  • Trigueiros Eduardo

    X

    Total calculated
    $130,318
    From this org
    $123,358
    From related orgs
    $0
    Other
    $6,960
    Hours/week
    40

  • Hammett Melissa

    X

    Total calculated
    $132,383
    From this org
    $121,690
    From related orgs
    $0
    Other
    $10,693
    Hours/week
    40

  • McCollum Butler Pamela

    X

    Total calculated
    $119,218
    From this org
    $119,218
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Mayra Martinez-Fernandez

    DEPUTY COO FRO ADVANCEMENT

    Total calculated
    $184,130
    From this org
    $183,512
    From related orgs
    $0
    Other
    $618
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,512
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $618
    Filer's total
    $184,130

  • Trenice Jett-Jones

    COO/SPECIAL EDUCATION DIRECTOR

    Total calculated
    $172,032
    From this org
    $165,000
    From related orgs
    $0
    Other
    $7,032
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,032
    Filer's total
    $172,032

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 · 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
14 May 2025
IRS schema version
2023v6.0
Source object
202511349349302766

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