EIN 02-0550253

DC Prep

IRS 501(c) type
501(c)(3)
Num. employees
442
Year formed
2001
Most recent tax filings
2022-06-01
NTEE code, primary
Description
DC Prep's mission is to bridge the educational divide in Washington, DC by increasing the number of students from underserved communities with the academic preparation and personal character to succeed in competitive high schools and colleges.
Also known as...
DC Preparatory Academy
Total revenues
$62,324,675
2022
Total expenses
$53,286,323
2022
Total assets
$111,305,629
2022
Num. employees
442
2022

Program areas at DC Prep

At DC prep, our vision is that every child will be prepared academically and socially for a successful future. We have big dreams for our students and make those dreams a reality through daily effort, focus and support of one another and our students and families. DC prep currently operates six tuition-free public charter schools that are open to any child in Washington, enrolling more than 2,100 students in grades preschool through 8th grade. Historically, 89% of DC prep students are african-american and 7% are hispanic; over 80% of students live in poverty, as measured by eligibility for free/reduced price meals.dc prep has a twin focus on high quality academics and social-emotional growth. During our 20 years as a charter network, we have achieved significant results across three key areas: quality reports, osse report cards, and alumni success. Each year, the DC public charter school board issues an overall ranking of schools' academic and culture progress, ranking each school between tier 1 (the highest) and tier 3 (the lowest). All five DC prep campuses earned a tier 1 ranking on the 2019 school quality reports, the highest ranking. Additionally, aec received one of the highest scores in the city. The DC office of the state superintendent of education releases an annual assessment of school performance. This serves as a comprehensive overview of how schools are preparing students for overall success. In its inaugural year, osse awarded all eligible DC prep campuses four stars. All DC public charter schools must undergo the accreditation process every five years to remain eligible for operation in the city. The accreditation process is conducted by an independent third-party accreditation organization to evaluate an lea's performance against a number of performance standards evaluating leadership, learning, and resource capacity. In its most recent accreditation review by cognia, DC prep earned an index of education quality (ieq) score of 387 out of a possible 400 points. The five-year average of institutions in cognia's accreditation network is 278-283.dc prep is committed to the success of our alumni in high school and through college and career. Our goal is for all of our students to move to and through a strong post-secondary pathway and into an interest-aligned career that allows for economic self-sufficiency. Prepnext supports all DC prep alumni for 10 years after 8th-grade graduation throughout their educational journeys and the start of their careers, focusing especially on times of transition: 8th to 9th grade, high school to higher education, and school to career. Every DC prep 8th grade graduate (600+) has been accepted by a college-prep high school, with over two-thirds offered admission to selective schools including benjamin banneker, choate rosemary hall, the field school, georgetown prep, the hill school, maret, phillips exeter Academy, st. albans, sidwell friends school, and school without walls, among others. Our students have gone on to graduate from high school at an average rate of 95%, significantly higher than the dcps average of 74% and the national average of 84%. In addition, of our alumni who matriculated to college, 42% since 2007 and 65% of the college matriculants from our most recent class have graduated college within 6 years, compared to 55% nationwide and 11% for first-generation, low-income students of color. Based on current college matriculation & college persistence rates, we anticipate that our alumni's college graduation rate will continue to increase in the next few years.

Grants made by DC Prep

GranteeGrant descriptionAmount
DC Prep Support CorporationSinking Fund Payments for Aec's Loan$375,000

Who funds DC Prep

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Education Forward DCGeneral Operations$415,000
The Norman R Rales and Ruth Rales FoundationEducational Support$158,670
Boone Family Foundation2021 General Operating Support for School Year 2021-2022$75,000
...and 15 more grants received
Federal funding details
Federal agencyProgram nameAmount
Department of EducationEDUCATION STABILIZATION FUND$1,581,110
Department of EducationTITLE I GRANTS TO LOCAL EDUCATIONAL AGENCIES$1,199,166
Department of AgricultureNATIONAL SCHOOL LUNCH PROGRAM$647,919
...and 17 more federal grants / contracts

Personnel at DC Prep

NameTitleCompensation
Laura MaestasChief Executive Officer$214,105
Dan EnglenderChief Operations and Financial Officer
Daniel Englender Chief OperOfficer and Chief Financial Officer and Treasurer$189,886
Neils Ribeiro-YemofioChief of External Affairs$155,541
Suraj PatelChief Talent Officer$149,712
...and 17 more key personnel

Financials for DC Prep

RevenuesFYE 06/2022
Total grants, contributions, etc.$52,281,061
Program services$1,713,360
Investment income and dividends$29,398
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$8,241,572
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$59,284
Total revenues$62,324,675

Form 990s for DC Prep

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-15990View PDF
2020-062021-05-11990View PDF
2019-062021-01-21990View PDF
2018-062019-07-23990View PDF
2017-062018-04-10990View PDF
...and 7 more Form 990s

Organizations like DC Prep

OrganizationLocationRevenue
Lisa AcademyLittle Rock, AR$35,033,452
Mater AcademyMiami, FL$163,317,337
Phillips Exeter Academy (PEA)Exeter, NH$231,466,382
Norwich Free Academy (NFA)Norwich, CT$42,617,337
Rex and Margaret Fortune School of EducationSacramento, CA$42,193,426
KIPP Metro Atlanta SchoolsAtlanta, GA$94,866,664
California Charter School Consortium (CCSA)Los Angeles, CA$18,898,883
The Spence SchoolNew York, NY$72,977,566
Groton SchoolGroton, MA$71,039,183
Rocketship Public Schools (RPS)Redwood City, CA$120,667,231
Data update history
May 14, 2023
Used new vendors
Identified 2 new vendors, including , and
May 8, 2023
Received grants
Identified 2 new grant, including a grant for $148,361 from Greater Washington Community Foundation
August 2, 2022
Received grants
Identified 5 new grant, including a grant for $202,273 from The Norman R Rales and Ruth Rales Foundation
October 20, 2021
Used new vendors
Identified 2 new vendors, including , and
September 30, 2021
Received grants
Identified 2 new grant, including a grant for $10,000 from Morse and Betty Johnson Family Foundation
Nonprofit Types
SchoolsK-12 schoolsHousing and shelter organizationsHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
Political advocacyLobbyingState / local levelReceives government fundingEndowed supportProvides scholarshipsTax deductible donations
General information
Address
707 Edgewood St Ne
Washington, DC 20017
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
District of Columbia, DC
Website URL
dcprep.org/ 
Phone
(202) 635-4590
IRS details
EIN
02-0550253
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2001
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B25: High School
NAICS code, primary
62422: Community Housing Services
Parent/child status
Central organization
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