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Ingenuity Prep

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 455054392 ✦ Washington, DC ✦ Designated as a 501(c)(3)

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Overview

What is Ingenuity Prep?

Ingenuity Prep, located in Washington, DC, is a thriving public charter school dedicated to nurturing students from preschool through 8th grade into successful college graduates and influential civic leaders. With a team of over 150 staff members, Ingenuity Prep operates three academies – Early Childhood, Elementary School Academy, and Middle School Academy – to cater to the diverse needs of its students. The school's core program emphasizes rigorous content and individualized instruction, setting high academic standards and providing small group learning opportunities. Ingenuity Prep's commitment to civic leadership extends beyond academic excellence, equipping students to pursue their passions and engage in their communities as positive advocates. Enrichment programs, starting from Pre-K, enable students to explore interests outside traditional academics. Additionally, Ingenuity Prep fosters a strong sense of community and relationships, as well as equity of access, to ensure all students have the opportunity to succeed.


Official website here: www.ingenuityprep.org

What are the reviews and ratings of this charity?

Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.

Ingenuity Prep has achieved a remarkable 96% rating on Charity Navigator, which highlights its strong performance in accountability and finance. The organization boasts a fully independent board and exceeds standards in several areas, such as audit oversight and the absence of material diversion of assets, signifying excellent governance practices.

The nonprofit's financial health is also commendable, with a program expense ratio of 93.09%, indicating that a significant portion of its budget is directed towards its programs rather than administrative costs. Consequently, stakeholders can trust that their contributions are effectively utilized to fulfill the organization's mission.

While the data reflects a solid performance, potential donors should note that this evaluation is solely based on financial metrics. Additional insights into programmatic outcomes and long-term impact may provide a more comprehensive understanding of Ingenuity Prep's overall effectiveness.


This AI summary has been generated from information found on Charity Navigator.

Is Ingenuity Prep legitimate?

Ingenuity Prep is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ingenuity Prep 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: $345,383
Professional Fundraising Fees: $42,600
Other Salaries and Wages: $10,826,300

For more financial information, click here


Official website here: www.ingenuityprep.org

What is the mission statement of Ingenuity Prep?

Ingenuity Prep is a public charter school dedicated to preparing its students for college success and beyond as influential civic leaders. With high academic standards and a love of learning as its cornerstones, the school serves over 800 students in preschool through 8th grade, employing a staff of over 150. Ingenuity Prep is divided into three academies: Early Childhood, Elementary, and Middle School. The school's program focuses on providing rigorous content and individualized instruction, fostering civic leadership, and offering daily enrichment opportunities. It sets high academic standards, delivers well-planned lessons, maintains low teacher-to-student ratios, and leverages technology to personalize learning. Civic leadership is a core aspect, with a focus on social-emotional skills, community engagement, and social justice issues. Enrichment programs cater to students' interests outside of traditional academics, fueling motivation and growth mindset. Community, relationships, and equity of access are integral parts of the school's identity. Teachers build meaningful connections with students, value families as partners, and work to support students' community building. The school is committed to providing equal educational opportunities, striving to level the playing field with high-quality instruction and rich opportunities for all students.


Official website here: www.ingenuityprep.org

Who is the CEO of Ingenuity Prep?

William Stoetzer - Chief is the Chair of Ingenuity Prep.


Official website here: www.ingenuityprep.org

What is the revenue of Ingenuity Prep?

Ingenuity Prep's revenue in 2022 was $21,090,575.


Official website here: www.ingenuityprep.org

Who are the executives of Ingenuity Prep and what are their salaries?

The average compensation at Ingenuity Prep during 2022 was $55,581. There are 201 employees and 10 volunteers at Ingenuity Prep.


Here are 16 key members and their salaries:


Peter Winik (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frankie Brown (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Richardson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keleigh Montgomery (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Riddick (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tracy London (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennipher Coleman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maura Marino - Outgoing (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kaya Stone - Outgoing (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vinice Davis - Outgoing (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Stoetzer - Chief (Executive Of)
  • Compensation: $163,156
  • Related: $0
  • Other: $16,327
Ashanti Herndon - Chief Financial (& Operations)
  • Compensation: $156,044
  • Related: $0
  • Other: $9,719
Tracie Dow - Early Childhood Academ (Principal)
  • Compensation: $120,413
  • Related: $0
  • Other: $17,132
Benjamin Johnson - Dean Of (Curriculum)
  • Compensation: $119,212
  • Related: $0
  • Other: $10,222
Roger Michael - Middle School (Academy Prin)
  • Compensation: $115,091
  • Related: $0
  • Other: $6,662
Katherine O'Conner (Vice Princip)
  • Compensation: $106,026
  • Related: $0
  • Other: $9,849


Official website here: www.ingenuityprep.org

Where can I find the form 990 for Ingenuity Prep?

Ingenuity Prep's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ingenuityprep.org

Learn more at the official website: www.ingenuityprep.org

Mission Statement of Ingenuity Prep

Ingenuity Prep, a public charter school, is dedicated to preparing its students to excel in college and beyond as impactful civic leaders. With a mission to instill a love of learning and high academic standards, Ingenuity Prep serves over 800 students from preschool through 8th grade and employs a staff of over 150. The school is organized into three academies: Early Childhood, Elementary School Academy, and Middle School Academy.

Ingenuity Prep's program focuses on rigorous content and individualized instruction. The school sets high academic standards and offers personalized learning opportunities through small group instruction and content specialist teachers. Leveraging technology and maintaining low teacher-to-student ratios, Ingenuity Prep creates an environment where students can thrive and grow academically.

Beyond academic excellence, Ingenuity Prep also emphasizes the development of civic leaders. Students are encouraged to pursue their passions, think, speak, and act positively, and engage in their community. Social-emotional instruction is integrated into the curriculum from an early age, fostering skills in empathy, resilience, and self-advocacy. Older students engage in social justice issues and are given opportunities to take action in their community.

Ingenuity Prep's enrichment programs provide daily opportunities for students to explore interests outside of traditional academics. These opportunities build knowledge in areas of passion and foster growth mindset. In addition to core components, the school prioritizes community, relationships, and equity of access. Teachers build meaningful connections with students, families are engaged as partners, and students are encouraged to build their own community at school. Ingenuity Prep is committed to leveling the educational playing field for its students, providing them with high-quality instruction and rich educational opportunities.

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Impact




October, 2024

Ingenuity Prep has made a significant impact on education in Washington, DC, by empowering over 800 students from preschool through 8th grade to succeed academically and develop as civic leaders. The school sets high academic standards and prioritizes rigorous content and individualized instruction, ensuring that each student receives personalized attention and support. This approach is bolstered by maintaining low teacher-to-student ratios and leveraging technology to enhance learning.

In addition to academic excellence, Ingenuity Prep emphasizes civic leadership as a core component of its mission. Beginning in early education, students engage in social-emotional learning that fosters skills such as empathy, resilience, and self-advocacy. As they progress, learners tackle real-world social justice issues, actively participating in community initiatives, such as organizing food drives in response to local food scarcity.

Furthermore, the school believes in the importance of enrichment activities that extend beyond traditional academics, offering diverse programs in arts, physical education, journalism, and debate. These opportunities not only help cultivate students’ passions but also encourage growth mindsets and motivation across their educational journey.

Ingenuity Prep is deeply committed to building a strong sense of community, fostering meaningful relationships between students, families, and teachers. The school actively engages with the local community in Ward 8, aiming to level the educational playing field and provide equitable access to high-quality instruction. Through its comprehensive approach, Ingenuity Prep prepares its students not just for academic success, but for impactful roles as leaders in their communities and beyond.




This information is meant to be a general summary of Ingenuity Prep. 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.

Revenue
$21,090,575 (2022)
Expenses
$20,504,071 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $899
  • Program Service Revenue: $17,147,403
  • Gross Receipts: $21,090,575

Assets and Liabilities:

  • Total Assets: $7,016,769
  • Total Liabilities: $1,420,909
  • Net Assets: $5,595,860

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PER PUPIL FUNDING

Revenue

$17,096,218

STUDENT ACTIVITY FEES

Revenue

$51,185

Organization Details

Founding Year

2012

Principal Officer

William Stoetzer - Chief

Main Address

4600 LIVINGSTON ROAD SE, WASHINGTON, DC, 20032

NTEE Category

Code: B29 - Education

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