Seed Public Charter School Of Washington D C
- Assets
- $24.1m
- Revenue
- $13.6m
- Investments
- $0.0
- Employees
- 140
- Location
- Washington, DC
- Founding
- 10/1998
- Data as of
- 06/2021
- EIN
- 52-2099612
Organization Overview
Seed Public Charter School Of Washington D C is located in Washington, DC. The organization was established in 1998. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Seed Public Charter School Of Washington D C employed 140 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seed Public Charter School Of Washington D C is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Seed Public Charter School Of Washington D C generated $13.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $11.4m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SEED PUBLIC CHARTER SCHOOL OF WASHINGTON, DC IS A PUBLIC COLLEGE-PREPARATORY BOARDING SCHOOL WHOSE PRIMARY MISSION IS TO PROVIDE AN OUTSTANDING INTENSIVE EDUCATIONAL PROGRAM THAT PREPARES CHILDREN, BOTH ACADEMICALLY AND SOCIALLY, FOR SUCCESS IN COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE OUTSTANDING INTENSIVE RESIDENTIAL EDUCATION PROGRAM THAT PREPARES CHILDREN, BOTH ACADEMICALLY AND SOCIALLY, FOR SUCCESS IN COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Arndt Managing Director | Officer | 40 | $176,226 |
Mecha Inman Head Of School Thru 6/2020 | Officer | 40 | $129,850 |
Curtis Durham Assistant Principal | 40 | $113,462 | |
Lamar Bagely Director Of Student Life | 40 | $100,895 | |
Brian Rahaman Head Of School Beg 07/2020 | Officer | 40 | $93,700 |
Desa Sealy Chairman | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Seed Foundation Management Fee | 6/29/21 | $646,443 |
Meriwether Godsey Food Services (Cafeteria) | 6/29/21 | $483,520 |
Bolona Capital Enterprise Inc Custodial | 6/29/21 | $228,287 |
A & D Security Security Services | 6/29/21 | $223,488 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,220,663 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,213 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,246,876 |
| Total Program Service Revenue | $11,092,056 |
| Investment income | $107,530 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,588,641 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $413,064 |
| Compensation of current officers, directors, key employees. | $28,081 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,270,036 |
| Pension plan accruals and contributions | $128,918 |
| Other employee benefits | $713,432 |
| Payroll taxes | $463,358 |
| Fees for services: Management | $472,000 |
| Fees for services: Legal | $20,543 |
| Fees for services: Accounting | $119,781 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $598,402 |
| Advertising and promotion | $0 |
| Office expenses | $429,242 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $484,627 |
| Travel | $9,308 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,038 |
| Interest | $61,344 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $973,413 |
| Insurance | $140,495 |
| All other expenses | $0 |
| Total functional expenses | $11,434,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,535,624 |
| Savings and temporary cash investments | $1,586,794 |
| Pledges and grants receivable | $616,920 |
| Accounts receivable, net | $196,302 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $353,110 |
| Net Land, buildings, and equipment | $14,185,097 |
| Investments—publicly traded securities | $1,585,830 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,054 |
| Total assets | $24,077,731 |
| Accounts payable and accrued expenses | $1,014,855 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,925,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,939,855 |
| Net assets without donor restrictions | $20,187,565 |
| Net assets with donor restrictions | $950,311 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $24,077,731 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Seed Public Charter School Of Washington D C has recieved totaling $10,389.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $9,389 |
Smith Richardson Foundation Inc Greensboro, NC PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $100,000 |
| Earnings | $181 |
| Grants | $181 |
| Ending Balance | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Protestant Episcopal High School In Virginia Alexandria, VA | $560,084,637 | $67,951,795 |
Gilman School Inc Baltimore, MD | $238,892,271 | $38,036,593 |
Woodberry Forest School Woodberry Forest, VA | $643,383,708 | $54,060,513 |
Holton-Arms School Inc Bethesda, MD | $133,918,121 | $38,119,997 |
St Andrews Episcopal School Inc Potomac, MD | $83,174,031 | $30,817,454 |
Severn School Inc Severna Park, MD | $70,000,569 | $28,689,233 |
National Association Of Secondary -School Principals Reston, VA | $56,104,392 | $28,736,000 |
Paul Public Charter School Washington, DC | $32,339,958 | $22,865,064 |
Field School Inc Washington, DC | $76,281,193 | $21,035,391 |
The Seed School Of Maryland Inc Baltimore, MD | $46,101,801 | $18,646,195 |
Foxcroft School Middleburg, VA | $142,226,453 | $10,560,576 |
Randolph Macon Academy Front Royal, VA | $36,335,018 | $14,186,434 |