THE FAMILY PLACE PUBLIC CHARTER SCHOOL

EIN: 822183067 501(c)(3) Education

WASHINGTON, DC

Total Revenue
$3,187,003
Total Expenses
$2,122,982
Total Assets
$4,084,437
Net Assets
$3,369,243
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
DC
Principal Officer
HALEY WIGGINS
Phone
2022650149
Tax Period
2022-07-01 to 2023-06-30

THE FAMILY PLACE PUBLIC CHARTER SCHOOL, founded in 2017, is a community nonprofit in the Education sector that reported $3.2M in total revenue in fiscal year 2022. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 33% operating margin.

Mission

THE MISSION OF THE FAMILY PLACE PUBLIC CHARTER SCHOOL IS TO IMPROVE THE LITERACY AND WORKPLACE SKILLS OF LOW-INCOME LIMITED ENGLISH PROFICIENT ADULTS IN THE DISTRICT SO THAT THEY AND THEIR FAMILY ARE SELF-SUSTAINING, EMPLOYABLE, AND ENGAGED IN THEIR COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $366,744
Program Service Revenue $2,744,646
Investment Income $75,613
Other Revenue $0
TOTAL REVENUE $3,187,003

Expense Breakdown

Grants Paid $0
Salaries & Benefits $137,175
Fundraising Expenses $17,356
Program Expenses $1,861,773
Other Expenses $1,985,807
TOTAL EXPENSES $2,122,982

Year-over-Year Comparison

2022 2021 Change
Revenue $3,187,003 $2,517,015 +0.3%
Expenses $2,122,982 $1,821,850 +0.2%
Net Income $1,064,021 $695,165 +0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
15

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
3
$157,292
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL DAVID BARNET BOARD CHAIR 2.00
Officer Director
$0 $0 $0
SHAWN CHAKRABARTI BOARD TREASU 2.00
Officer Director
$0 $0 $0
MAVIS I ARDON DIRECTOR 2.00
Director
$0 $0 $0
ANN B BARNET DIRECTOR 2.00
Director
$0 $0 $0
BARBARA J FINKELSTEIN DIRECTOR 2.00
Director
$0 $0 $0
SARAH FRIEDMAN DIRECTOR 2.00
Director
$0 $0 $0
MARCIA HARRINGTON DIRECTOR 2.00
Director
$0 $0 $0
NATALIA ISAZA BRANDO DIRECTOR 2.00
Director
$0 $0 $0
MARIA MEJIA DIRECTOR 2.00
Director
$0 $0 $0
ORALIA PUENTE DIRECTOR 2.00
Director
$0 $0 $0
ELAINE WEISS DIRECTOR 2.00
Director
$0 $0 $0
HALEY WIGGINS EXECUTIVE DI 30.00
Officer
$0 $18,354 $157,292
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 No data No data No data No data
2024 No data No data No data No data
2023 $3,187,003 $2,122,982 $4,084,437 $1,064,021
2022 $2,517,015 $1,821,850 $2,451,877 $695,165
2021 $2,450,244 $1,602,077 $1,723,503 $848,167
2020 $1,624,999 $1,322,710 $848,952 $302,289
2019 $1,556,855 $1,060,633 $499,174 $496,222
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