Totals
- Total revenue
- $26,459,798
- Total expenses
- $24,422,674
- Contributions and grants received
- $6,238,479
- Grants paid
- $0
- Program service revenue
- $19,902,276
- Investment income
- $107,889
- Other revenue
- $211,154
- Total assets, end of year
- $32,399,395
- Total liabilities, end of year
- $21,422,410
- Net assets or fund balances, end of year
- $10,976,985
- Program services expenses (Part IX)
- $22,480,719
- Management and general expenses
- $1,729,192
- Fundraising expenses
- $212,763
- Program service expenses (Part III)
- $22,480,719
Program services were 92.0% 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.
-
1e · Government grants (contributions)
$6,178,937
-
1f · All other contributions, gifts and grants
$59,542
-
1g · Noncash contributions included above
$16,469
-
2a · Program service revenue: PER PUPIL FUNDING
total $19,852,904 · related or exempt $19,852,904
-
2b · Program service revenue: STUDENT ACTIVITY FEES
total $49,372 · related or exempt $49,372
-
3 · Investment income
total $107,889 · excluded $107,889
-
6a · Gross rents
real property $633,850
-
6b · Less rental expenses
real property $422,696
-
6c · Rental income or loss
real property $211,154
-
6d · Net rental income or loss
total $211,154 · excluded $211,154
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $397,930 · program services $278,551 · management and general $79,586 · fundraising $39,793
-
7 · Other salaries and wages
total $13,136,325 · program services $12,339,031 · management and general $727,923 · fundraising $69,371
-
8 · Pension plan contributions
total $230,817 · program services $217,867 · management and general $12,150 · fundraising $800
-
9 · Other employee benefits
total $1,213,827 · program services $1,137,046 · management and general $69,141 · fundraising $7,640
-
10 · Payroll taxes
total $1,113,935 · program services $1,039,092 · management and general $66,097 · fundraising $8,746
-
11b · Fees: legal
total $40,592 · program services $20,667 · management and general $19,925
-
11c · Fees: accounting
total $241,146 · management and general $241,146
-
11e · Fees: professional fundraising services
total $64,800 · fundraising $64,800
-
11g · Fees: other
total $856,384 · program services $662,847 · management and general $193,537
-
12 · Advertising and promotion
total $107,636 · program services $101,135 · management and general $5,904 · fundraising $597
-
13 · Office expenses
total $893,341 · program services $856,618 · management and general $35,223 · fundraising $1,500
-
14 · Information technology
total $356,889 · program services $337,202 · management and general $19,687
-
16 · Occupancy
total $3,206,986 · program services $3,013,258 · management and general $175,920 · fundraising $17,808
-
17 · Travel
total $29,613 · program services $27,824 · management and general $1,625 · fundraising $164
-
20 · Interest
total $187,915 · program services $177,549 · management and general $10,366
-
22 · Depreciation, depletion and amortization
total $648,933 · program services $613,137 · management and general $35,796
-
23 · Insurance
total $80,363 · program services $75,930 · management and general $4,433
-
24a · Other expenses: FOOD SERVICE
total $616,165 · program services $616,165
-
24b · Other expenses: DIRECT STUDENT COSTS
total $440,389 · program services $440,389
-
24c · Other expenses: STAFF DEVELOPMENT
total $278,063 · program services $261,266 · management and general $15,253 · fundraising $1,544
-
24d · Other expenses: AUTHORIZER FEES
total $229,575 · program services $216,911 · management and general $12,664
-
24e · All other expenses
total $51,050 · program services $48,234 · management and general $2,816
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,734,145 · end of year $1,164,797
-
2 · Savings and temporary cash investments
beginning of year $1,551,768 · end of year $7,894,981
-
3 · Pledges and grants receivable
beginning of year $1,025,895 · end of year $2,101,186
-
4 · Accounts receivable
beginning of year $3,079,194 · end of year $186,244
-
9 · Prepaid expenses and deferred charges
beginning of year $175,902 · end of year $352,353
-
10a · Land, buildings and equipment: cost or other basis
$9,396,761
-
10b · Land, buildings and equipment: accumulated depreciation
$3,195,912
-
10c · Land, buildings and equipment, net
beginning of year $2,793,557 · end of year $6,200,849
-
14 · Intangible assets
end of year $89,210
-
15 · Other assets
beginning of year $122,464 · end of year $14,409,775
-
17 · Accounts payable and accrued expenses
beginning of year $1,507,476 · end of year $1,604,211
-
19 · Deferred revenue
end of year $219,459
-
23 · Secured mortgages and notes payable
end of year $4,625,000
-
25 · Other liabilities
beginning of year $35,588 · end of year $14,973,740
-
27 · Net assets without donor restrictions
beginning of year $8,939,861 · end of year $10,966,985
-
28 · Net assets with donor restrictions
end of year $10,000
Mission and programs · 2023
Mission
INGENUITY PREP PUBLIC CHARTER SCHOOL PREPARES ITS STUDENTS TO SUCCEED IN COLLEGE AND BEYOND AS IMPACTFUL CIVIC LEADERS.
-
INGENUITY PREP PUBLIC CHARTER SCHOOL IS A SUPPORTIVE COMMUNITY DEDICATED TO ACADEMIC RIGOR AND CIVIC LEADERSHIP, PREPARING STUDENTS FOR THE PATH TO THE COLLEGES AND CAREERS OF THEIR CHOOSING. WITH THIS AIM, THE CHARTER SCHOOL OPENED IN WASHINGTON, DC, IN AUGUST OF 2013 AND HAS EXPANDED TO NOW SERVE OVER 800 STUDENTS IN PRESCHOOL THROUGH 8TH GRADE AND HAS A STAFF OF MORE THAN 160. INGENUITY PREP IS ORGANIZED INTO THREE ACADEMIES: EARLY CHILDHOOD ACADEMY (SERVING GRADES PRESCHOOL THROUGH KINDERGARTEN), ELEMENTARY SCHOOL ACADEMY (SERVING GRADES 1 THROUGH 4), AND MIDDLE SCHOOL ACADEMY (SERVING GRADES 5 THROUGH 8). WE PREPARE OUR STUDENTS FOR SUCCESS IN COLLEGE AND IN LIFE. WE SET HIGH STANDARDS AND STRIVE TO CULTIVATE A LOVE OF LEARNING IN EVERY STUDENT. WE ARE A PLACE WHERE STUDENTS CAN LEARN, ESTABLISH DEEP RELATIONSHIPS AND PREPARE TO BECOME IMPACTFUL CIVIC LEADERS. THE CORNERSTONES OF INGENUITY PREP'S PROGRAM ARE: RIGOROUS CONTENT AND INDIVIDUALIZED INSTRUCTION WE START BY SETTING HIGH ACADEMIC STANDARDS FOR OUR STUDENTS, AND CREATING THE CIRCUMSTANCES FOR THEM TO ACHIEVE ACADEMIC EXCELLENCE. WE BELIEVE THAT THE BEST WAY TO DO THIS IS BY LEVERAGING A ROBUST CURRICULUM AND CONSISTENTLY DELIVERING WELL-PLANNED, HIGH-QUALITY LESSONS. WE ARE ABLE TO ACCOMPLISH OUR GOALS BY BEING RESPONSIVE TO STUDENT DATA, MAINTAINING LOW TEACHER-TO-STUDENT RATIOS SO THAT STUDENTS ARE ALWAYS GETTING PERSONALIZED AND SMALL GROUP LEARNING, ENABLING TEACHER CONTENT SPECIALIZATION AS EARLY AS KINDERGARTEN SO THAT OUR TEACHERS ARE TRUE EXPERTS IN THE SUBJECTS THEY TEACH, AND INTENTIONALLY LEVERAGING TECHNOLOGY TO EVEN FURTHER PERSONALIZE AND ACCELERATE STUDENT LEARNING. CIVIC LEADERSHIP WE BELIEVE THAT ACADEMIC EXCELLENCE - WHILE VERY IMPORTANT - IS NOT SUFFICIENT TO PREPARE STUDENTS FOR THE DEMANDS OF 21ST CENTURY LEADERSHIP. BUILDING CIVIC LEADERS IS CORE TO OUR MISSION. WE WANT TO EQUIP STUDENTS TO PURSUE THEIR PASSIONS AND BE EMPOWERED TO THINK, SPEAK, AND ACT POSITIVELY ON BEHALF OF THEMSELVES, THEIR COMMUNITY, THE COUNTRY, AND THE WORLD. BEGINNING IN PRE-K, CIVIC LEADERSHIP CLASS TIME AND ACTIVITIES ARE INTENTIONALLY BUILT INTO OUR SCHEDULE. IN OUR EARLY GRADES, WE FOCUS ON SOCIAL-EMOTIONAL INSTRUCTION SO THAT STUDENTS BUILD SKILLS IN EMPATHY, RESILIENCE, AND SELF-ADVOCACY. AS OUR STUDENTS GET OLDER, WE CONTINUE TO BUILD ON SOCIAL-EMOTIONAL SKILLS WHILE ALSO HAVING STUDENTS ENGAGE WITH SPECIFIC SOCIAL JUSTICE ISSUES AND PROVIDING THEM WITH OPPORTUNITIES TO ENGAGE WITH THOSE ISSUES IN THEIR COMMUNITY. FOR EXAMPLE, WHEN OUR 4TH GRADERS LEARNED ABOUT OUR FOOD DESERT IN WARD 8, THEY PLANNED A FOOD DRIVE AND DELIVERED THE PROCEEDS TO LOCAL FOOD BANKS. ENRICHMENT WE PROVIDE DAILY OPPORTUNITIES FOR STUDENTS TO PURSUE INTEREST AREAS OUTSIDE OF TRADITIONAL ACADEMICS. OUR ENRICHMENT PROGRAMS START IN PRE-K WITH ART AND PHYSICAL EDUCATION AND BUILD THROUGHOUT THE COURSE OF ELEMENTARY AND MIDDLE SCHOOL WHERE WE ADD MUSIC AND EXPANDED SCIENCE AND SOCIAL STUDIES CLASSES. ENRICHMENTS ARE OPPORTUNITIES FOR STUDENTS TO BUILD KNOWLEDGE IN AREAS OF PASSION, WHICH IN TURN FUEL MOTIVATION AND FOSTER GROWTH MINDSET. WE BELIEVE STRONG ENRICHMENT SUPPORTS STUDENT GROWTH AND MOTIVATION ACROSS ALL PARTS OF THE SCHOOL EXPERIENCE. IN ADDITION TO THE CORE COMPONENTS OF OUR DAY-TO-DAY PROGRAM, THEMES OF COMMUNITY, RELATIONSHIPS, AND EQUITY OF ACCESS RUN THROUGH EVERY PART OF OUR SCHOOL. THESE PRINCIPLES ARE CORE TO OUR SCHOOL'S IDENTITY: COMMUNITY AND RELATIONSHIPS COMMUNITY AND RELATIONSHIPS ARE INTEGRAL PARTS OF ACADEMIC AND PERSONAL DEVELOPMENT. OUR TEACHERS TAKE TIME TO BUILD MEANINGFUL CONNECTIONS WITH STUDENTS, WORKING INTENTIONALLY TO GET TO KNOW THEM AS PEOPLE. WE ALSO HOLD UP FAMILIES AS CRITICAL MEMBERS OF OUR SCHOOL COMMUNITY. WE BELIEVE IN CULTIVATING THEM AS PARTNERS AND PROVIDING THEM WITH TOOLS AND RESOURCES TO SUPPORT STUDENTS TO MEET THEIR GOALS AND REALIZE THEIR DREAMS. FURTHER, WE WORK INTENTIONALLY TO SUPPORT STUDENTS TO BUILD THEIR OWN COMMUNITY AT SCHOOL THROUGH SOCIAL-EMOTIONAL LEARNING ACTIVITIES AND RESTORATIVE PRACTICE TO SUPPORT COMMUNICATING COMMUNALLY WITH AND TO ANYONE IN THE INGENUITY PREP COMMUNITY. LAST, BUT NOT LEAST, WE ARE COMMITTED, ACTIVE PARTICIPANTS IN OUR WARD 8 COMMUNITY. EQUITY OF ACCESS THERE IS STILL TOO LARGE A DIVIDE IN OUR COUNTRY BETWEEN THE EDUCATIONAL OPPORTUNITIES OF STUDENTS FROM DIFFERENT COMMUNITIES AND BACKGROUNDS. AT INGENUITY PREP WE STRIVE TO PROVIDE THE SOUTHEAST DC COMMUNITY WITH A SCHOOL THAT LEVELS THE EDUCATIONAL PLAYING FIELD FOR ITS STUDENTS, PROVIDING THEM WITH HIGH QUALITY INSTRUCTION AND RICH EDUCATIONAL OPPORTUNITIES, EQUIPPING THEM TO SUCCEED AT THE SAME HIGH LEVELS AS OTHER STUDENTS IN THE US AND IN OTHER COUNTRIES.
Expenses $22,480,719 · Revenue $19,902,276
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Derrick MashoreDERRICK MASHORE
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Frankie BrownFRANKIE BROWN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Keleigh MontgomeryKELEIGH MONTGOMERY
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Evelyn LeeEVELYN LEE
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Yesim SayinYESIM SAYIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Michael BernMICHAEL BERN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Patricia RichardsonPATRICIA RICHARDSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Vance GraggVANCE GRAGG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
De-Lea Deane-AllenDE-LEA DEANE-ALLEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Kendra BarlowKENDRA BARLOW
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
William Stoetzer - ChiefWILLIAM STOETZER - CHIEF
EXECUTIVE OF
- Total calculated
- $215,803
- From this org
- $197,020
- From related orgs
- $0
- Other
- $18,783
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $194,520
- Bonus
- $2,500
- Other
- not reported
- Deferred
- $5,915
- Nontaxable benefits
- $12,868
- Filer's total
- $215,803
-
Ashanti Herndon - Chief FinancialASHANTI HERNDON - CHIEF FINANCIAL
& OPERATIONS
- Total calculated
- $172,125
- From this org
- $160,313
- From related orgs
- $0
- Other
- $11,812
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $154,063
- Bonus
- $6,250
- Other
- not reported
- Deferred
- $4,809
- Nontaxable benefits
- $7,003
- Filer's total
- $172,125
-
Benjamin Johnson - ChiefBENJAMIN JOHNSON - CHIEF
ACADEMIC OFF
- Total calculated
- $172,037
- From this org
- $160,221
- From related orgs
- $0
- Other
- $11,816
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $157,721
- Bonus
- $2,500
- Other
- not reported
- Deferred
- $4,807
- Nontaxable benefits
- $7,009
- Filer's total
- $172,037
-
Davian Morgan - Middle SchoolDAVIAN MORGAN - MIDDLE SCHOOL
ACADEMY PRIN
- Total calculated
- $145,361
- From this org
- $134,402
- From related orgs
- $0
- Other
- $10,959
- Hours/week
- 40
-
Lashawndra Thornton - ChiefLASHAWNDRA THORNTON - CHIEF
TALENT OFFIC
- Total calculated
- $151,288
- From this org
- $134,328
- From related orgs
- $0
- Other
- $16,960
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $131,828
- Bonus
- $2,500
- Other
- not reported
- Deferred
- $4,088
- Nontaxable benefits
- $12,872
- Filer's total
- $151,288
-
Katherine O'Conner - ElementaryKATHERINE O'CONNER - ELEMENTARY
SCHOOL PRINC
- Total calculated
- $142,748
- From this org
- $131,810
- From related orgs
- $0
- Other
- $10,938
- Hours/week
- 40
-
Patrice Davenport - Early ChildhoodPATRICE DAVENPORT - EARLY CHILDHOOD
ACADEMY PRIN
- Total calculated
- $132,041
- From this org
- $122,500
- From related orgs
- $0
- Other
- $9,541
- 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 · Compensation committee
- 3 · Written employment contract
- 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)
- SCHEDULE J, PAGE 1, PART I, LINE 7
- PERFORMANCE BONUSES WERE ISSUED DURING THE YEAR
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
- 12 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531339349301753
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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