Overview
What is Dc Preparatory Academy?
Dc Preparatory Academy, based in Washington, D.C., is a nonprofit network of six tuition-free public charter schools, serving over 2,100 students in preschool through 8th grade. With a mission to bridge the educational divide in the district, Dc Prep aims to prepare students academically and socially for a successful future. Historically, the student body is predominantly African-American and Hispanic, with the majority living in poverty. Dc Prep's commitment to high-quality academics and social-emotional growth has resulted in significant achievements, including high rankings on the DC Public Charter School Board's annual report, accreditation by an independent organization, and high college matriculation and graduation rates. Dc Prep offers comprehensive support for students throughout their educational journeys, with a focus on transition periods from grade to grade and high school to college or career.
Official website here: www.dcprep.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star Rating)
Dc Preparatory Academy has received a solid Three-Star rating from Charity Navigator, indicating a commendable performance in accountability and finance. The organization boasts 100% independent board members and a strong structure for oversight, which includes a fully operational audit and oversight committee. Additionally, it has implemented comprehensive policies for conflict of interest, whistleblower protection, and document retention, further showcasing its commitment to transparency.
One of the notable strengths of the organization is its high program expense ratio of 83.97%, suggesting that a substantial portion of its funds are directed towards its educational programs rather than administrative costs. However, the liabilities to assets ratio stands at 66.29%, which may raise concerns about financial stability when compared to industry standards.
While the overall financial practices are positively rated, the liabilities may indicate some level of financial risk that potential donors or stakeholders should consider. Overall, Dc Preparatory Academy demonstrates a robust governance structure and dedication to its mission, making it a credible choice for supporters interested in educational initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Dc Preparatory Academy legitimate?
Dc Preparatory Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dc Preparatory Academy submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,758,104
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,525,689
For more financial information, click here
Official website here: www.dcprep.org
What is the mission statement of Dc Preparatory Academy?
The DC Preparatory Academy is a network of public charter schools dedicated to increasing the number of students from underserved communities with the academic preparation and personal character to succeed in competitive high schools and colleges. Their mission is to bridge the educational divide in Washington, DC, with a vision that every child will be prepared academically and socially for a successful future. The academy operates six tuition-free public charter schools, serving over 2,100 students in grades preschool through 8th grade. With a focus on high-quality academics and social-emotional growth, DC Prep has achieved significant results, earning top rankings in academic and culture progress reports, and helping their students achieve a high school graduation rate of 95%, significantly higher than the national average. DC Prep is committed to the success of its alumni, offering support for 10 years after graduation and helping them transition from high school to college and career. With a strong post-secondary pathway and a focus on economic self-sufficiency, DC Prep has seen impressive college graduation rates, much higher than the national average for first-generation, low-income students of color.
Official website here: www.dcprep.org
Who is the CEO of Dc Preparatory Academy?
Laura Maestas is the CEO of Dc Preparatory Academy The CEO's salary of Dc Preparatory Academy is $232,036 and their total compensation is $244,925.
Official website here: www.dcprep.org
What is the revenue of Dc Preparatory Academy?
Dc Preparatory Academy's revenue in 2024 was $68,004,535.
Official website here: www.dcprep.org
Who are the executives of Dc Preparatory Academy and what are their salaries?
The average compensation at Dc Preparatory Academy during 2024 was $75,660. There are 506 employees and 85 volunteers at Dc Preparatory Academy.
Here are 28 key members and their salaries (Dc Preparatory Academy's CEO's salary is $232,036 and their total compensation is $244,925):
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- Compensation: $232,036
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Official website here: www.dcprep.org
Where can I find the form 990 for Dc Preparatory Academy?
Dc Preparatory Academy's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.dcprep.org
Learn more at the official website: www.dcprep.org
Mission Statement of Dc Preparatory Academy
DC Prep, a network of public charter schools in Washington DC, is dedicated to bridging the educational divide for students from underserved communities. Their mission is to prepare these students academically and socially for successful futures in competitive high schools and colleges. DC Prep currently operates six tuition-free public charter schools, serving over 2,100 students in grades preschool through 8th grade. With a focus on both high-quality academics and social-emotional growth, DC Prep has achieved significant results in its 20-year history.
DC Prep's schools consistently rank among the highest in the city for academic and culture progress, with all five campuses earning a Tier 1 ranking on the 2019 School Quality Reports. The organization undergoes an accreditation process every five years to evaluate its performance against a number of standards, and in its most recent review by Cognia, DC Prep earned an Index of Education Quality score of 387 out of a possible 400 points. DC Prep is committed to the success of its alumni, supporting them through high school and college, and into their careers. So far, every DC Prep 8th grade graduate has been accepted into a college-prep high school and over two-thirds have been offered admission to selective schools. DC Prep students graduate from high school at an average rate of 95%, significantly higher than the city and national averages. Additionally, of DC Prep alumni who have matriculated to college since 2007, 65% have graduated within 6 years, compared to 55% nationwide and 11% for first-generation, low-income students of color. DC Prep's dedication to its students' educational journeys continues for ten years after 8th-grade graduation.
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Impact
October, 2024
Dc Preparatory Academy significantly impacts the educational landscape of Washington, DC, by operating a network of six tuition-free public charter schools dedicated to preparing over 2,100 students academically and socially. Emphasizing high-quality academics alongside social-emotional growth, DC Prep's commitment is evident in its impressive performance metrics and the success of its alumni.
All five DC Prep campuses earned a Tier 1 ranking on the 2019 School Quality Reports, indicating the highest standards of academic and cultural progress. Their recent accreditation review resulted in an outstanding Index of Education Quality (IEQ) score of 387 out of a possible 400, far exceeding the five-year average of institutions in Cognia's accreditation network.
Beyond academics, DC Prep prioritizes the long-term success of its students. The PREPNext program supports alumni in their transition from middle school to high school and through higher education and careers, with a focus on ensuring they have access to strong post-secondary pathways. Impressively, every eighth-grade graduate has been accepted into a college-prep high school, and they graduate from high school at a rate of 95%, significantly above the local and national averages.
College persistence among alumni is also noteworthy, with 65% of recent graduates from college matriculating classes completing their degrees within six years—well above national averages for first-generation and low-income students of color. This evidence of sustained academic achievement positions DC Prep as a vital force in bridging the educational divide in the region, equipping students from underserved communities with the tools they need to thrive in competitive environments.
This information is meant to be a general summary of Dc Preparatory Academy. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $1,672,202
- Program Service Revenue: $2,891,253
- Gross Receipts: $68,065,201
Assets and Liabilities:
- Total Assets: $111,305,629
- Total Liabilities: $72,029,070
- Net Assets: $39,276,559
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CAFETERIA REVENUE
Revenue
$1,723,670
MEDICAID PROGRAM
Revenue
$866,286
E-RATE PROGRAM
Revenue
$253,966
CHILD DEVELOPMENT CNTR
Revenue
$47,331
Organization Details
Founding Year
2001
Principal Officer
Laura Maestas
Website
www.dcprep.orgNTEE Category
Code: B29 - Education
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