INGENUITY PREP

EIN: 455054392 501(c)(3) Education

WASHINGTON, DC

Total Revenue
$27,235,650
Total Expenses
$25,626,893
Total Assets
$33,366,587
Net Assets
$12,585,742
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
DC
Principal Officer
WILLIAM STOETZER
Phone
2025620391
Tax Period
2024-07-01 to 2025-06-30

INGENUITY PREP, founded in 2012, is a mid-sized nonprofit in the Education sector that reported $27.2M in total revenue in fiscal year 2024. Expenses of $25.6M left a modest 6% surplus.

Mission

INGENUITY PREP PUBLIC CHARTER SCHOOL WAS FORMED TO PREPARE STUDENTS TO SUCCEED IN COLLEGE AND BEYOND AS IMPACTFUL CIVIIC LEADERS.

Program Service Accomplishments

Program 1
Expenses: $23,275,585 Revenue: $23,211,125

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...

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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 EXPENDED 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 THAT THEY TEACH, AND INTENTIONALLY LEVERAGING TECHNOLOGY TO EVEN FURTHER PERSONALIZEAND 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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,631,383
Program Service Revenue $23,211,125
Investment Income $228,278
Other Revenue $164,864
TOTAL REVENUE $27,235,650

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,394,070
Fundraising Expenses $235,181
Program Expenses $23,275,585
Other Expenses $9,136,623
TOTAL EXPENSES $25,626,893

Year-over-Year Comparison

2024 2023 Change
Revenue $27,235,650 $26,459,798 +0.0%
Expenses $25,626,893 $24,422,674 +0.0%
Net Income $1,608,757 $2,037,124 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
10
Employees
231
Volunteers
13

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$431,369
Total Directors
14
$222,138
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DERRICK MASHORE CHAIR 2.00
Officer Director
$0 $0 $0
MICHAEL BERN SECRETARY 2.00
Officer Director
$0 $0 $0
EVELYN LEE TREASURER 2.00
Officer Director
$0 $0 $0
YESIM SAYIN BOARD MEMBER 2.00
Director
$0 $0 $0
VANCE GRAGG BOARD MEMBER 2.00
Director
$0 $0 $0
DE-LEA DEANE-ALLEN BOARD MEMBER 2.00
Director
$0 $0 $0
KENDRA BARLOW BOARD MEMBER 2.00
Director
$0 $0 $0
FRED WALLS BOARD MEMBER 2.00
Director
$0 $0 $0
LATOYA MATHEWS BOARD MEMBER 2.00
Director
$0 $0 $0
DERRICK COLBERT BOARD MEMBER 2.00
Director
$0 $0 $0
PATRICIA RICHARDSON - OUTGOING BOARD MEMBER 2.00
Director
$0 $0 $0
FRANKIE BROWN - OUTGOING VICE CHAIR 2.00
Officer Director
$0 $0 $0
KELEIGH MONTGOMERY - OUTGOING SECRETARY 2.00
Officer Director
$0 $0 $0
WILLIAM STOETZER - CHIEF EXECUTIVE OF 40.00
Officer Director
$202,216 $19,922 $222,138
ASHLEY HIGH - CHIEF FINANCIAL OPERATIONS O 40.00
Officer
$100,221 $7,614 $107,835
BENJAMIN JOHNSON - CHIEF ACADEMIC OFF 40.00
Highest
$162,226 $12,124 $174,350
LASHAWNDRA THORNTON - CHIEF TALENT OFFIC 40.00
Highest
$162,220 $21,128 $183,348
DAVIAN MORGAN - MIDDLE SCHOOL ACADEMY PRIN 40.00
Highest
$137,602 $11,589 $149,191
KATHERINE O'CONNER - ELEMENTARY SCHOOL PRINC 40.00
Highest
$141,723 $11,825 $153,548
ALTESHA ERVIN - CHIEF OF STUDENT SUPPORT AND 40.00
Highest
$148,839 $13,733 $162,572
ASHANTI HERNDON - OUTGOING CFOO 40.00
Officer
$93,634 $7,762 $101,396
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $27,235,650 $25,626,893 $33,366,587 $1,608,757
2024 No data No data No data No data
2023 $25,128,237 $21,784,236 $10,482,925 $3,344,001
2022 $21,090,575 $20,504,071 $7,016,769 $586,504
2021 $17,892,639 $16,752,947 $6,189,682 $1,139,692
2020 $15,385,205 $15,164,509 $4,665,111 $220,696
2019 $13,156,346 $12,834,358 $5,066,447 $321,988
2018 $11,055,746 $10,336,503 $3,878,053 $719,243
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