Nonprofit · EIN 45-5054392
INGENUITY PREP
Tax-exempt · WASHINGTON, DC 20032
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $27,235,650 | $25,626,893 | $1,608,757 | $33,366,587 | $20,780,845 | $12,585,742 |
| June 30, 2024 | 990 | $26,459,798 | $24,422,674 | $2,037,124 | $32,399,395 | $21,422,410 | $10,976,985 |
| June 30, 2023 | 990 | $25,128,237 | $21,784,236 | $3,344,001 | $10,482,925 | $1,543,064 | $8,939,861 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,631,383
- of which government grants
- $3,240,079
- Program service revenue
- $23,211,125
- Investment income
- $228,278
- Net rental income
- $185,029
- Net gain from sales of assets
- -$224
- Net income from fundraising events
- -$20,165
- Other revenue
- $164,864
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $398,110
- Other salaries and wages
- $13,162,157
- Salaries, compensation and benefits (total)
- $16,394,070
- Professional fundraising fees
- $96,200
- Legal fees
- $201,229
- Accounting fees
- $294,574
- Occupancy
- $3,308,923
- Travel
- $46,854
- Depreciation
- $653,671
- Program services (functional)
- $23,275,585
- Management and general (functional)
- $2,116,127
- Fundraising (functional)
- $235,181
Balance sheet and other
- Total assets, start of year
- $32,399,395
- Total assets, end of year
- $33,366,587
- Total liabilities, end of year
- $20,780,845
- Net assets, end of year
- $12,585,742
- Land, buildings and equipment
- $6,664,073
- Net assets without donor restrictions
- $12,585,742
- Gross receipts
- $28,210,008
- Employees
- 231
- Volunteers
- 13
- Year formed
- 2012
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM STOETZER - CHIEF | EXECUTIVE OF Trustee or director, Officer | 40 | $202,216 | $19,922 |
| LASHAWNDRA THORNTON - CHIEF | TALENT OFFIC Highest-paid employee | 40 | $162,220 | $21,128 |
| BENJAMIN JOHNSON - CHIEF | ACADEMIC OFF Highest-paid employee | 40 | $162,226 | $12,124 |
| ALTESHA ERVIN - CHIEF OF STUDENT | SUPPORT AND Highest-paid employee | 40 | $148,839 | $13,733 |
| KATHERINE O'CONNER - ELEMENTARY | SCHOOL PRINC Highest-paid employee | 40 | $141,723 | $11,825 |
| DAVIAN MORGAN - MIDDLE SCHOOL | ACADEMY PRIN Highest-paid employee | 40 | $137,602 | $11,589 |
| ASHLEY HIGH - CHIEF FINANCIAL | OPERATIONS O Officer | 40 | $100,221 | $7,614 |
| ASHANTI HERNDON - OUTGOING | CFOO Officer | 40 | $93,634 | $7,762 |
| DERRICK MASHORE | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL BERN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| EVELYN LEE | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| YESIM SAYIN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| VANCE GRAGG | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DE-LEA DEANE-ALLEN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KENDRA BARLOW | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRED WALLS | BOARD MEMBER Trustee or director | 2 | $0 |
| LATOYA MATHEWS | BOARD MEMBER Trustee or director | 2 | $0 |
| DERRICK COLBERT | BOARD MEMBER Trustee or director | 2 | $0 |
| PATRICIA RICHARDSON - OUTGOING | BOARD MEMBER Trustee or director | 2 | $0 |
| FRANKIE BROWN - OUTGOING | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| KELEIGH MONTGOMERY - OUTGOING | SECRETARY Trustee or director, Officer | 2 | $0 |
990 for the year ended June 30, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM STOETZER - CHIEF | EXECUTIVE OF Trustee or director, Officer | 40 | $197,020 | $18,783 |
| ASHANTI HERNDON - CHIEF FINANCIAL | & OPERATIONS Officer | 40 | $160,313 | $11,812 |
| BENJAMIN JOHNSON - CHIEF | ACADEMIC OFF Highest-paid employee | 40 | $160,221 | $11,816 |
| LASHAWNDRA THORNTON - CHIEF | TALENT OFFIC Highest-paid employee | 40 | $134,328 | $16,960 |
| DAVIAN MORGAN - MIDDLE SCHOOL | ACADEMY PRIN Highest-paid employee | 40 | $134,402 | $10,959 |
| KATHERINE O'CONNER - ELEMENTARY | SCHOOL PRINC Highest-paid employee | 40 | $131,810 | $10,938 |
| PATRICE DAVENPORT - EARLY CHILDHOOD | ACADEMY PRIN Highest-paid employee | 40 | $122,500 | $9,541 |
| DERRICK MASHORE | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| FRANKIE BROWN | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| KELEIGH MONTGOMERY | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| EVELYN LEE | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| YESIM SAYIN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MICHAEL BERN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| PATRICIA RICHARDSON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| VANCE GRAGG | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DE-LEA DEANE-ALLEN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KENDRA BARLOW | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM STOETZER - CHIEF | EXECUTIVE OF Officer | 40 | $180,690 | $17,999 |
| ASHANTI HERNDON - CHIEF FINANCIAL | & OPERATIONS Officer | 40 | $150,564 | $11,405 |
| LASHAWNDRA THORNTON - CHIEF | TALENT OFFIC Highest-paid employee | 40 | $140,520 | $17,449 |
| BENJAMIN JOHNSON - CHIEF | ACADEMIC OFF Highest-paid employee | 40 | $143,396 | $9,585 |
| KATHERINE O'CONNER - ELEMENTARY | SCHOOL PRINC Highest-paid employee | 40 | $114,931 | $9,655 |
| JASON MCNEIL - MIDDLE SCHOOL | VICE PRINCIP Highest-paid employee | 40 | $116,204 | $7,977 |
| ERICA MITCHELL | KINDERGARTEN Highest-paid employee | 40 | $108,308 | $7,134 |
| DERRICK MASHORE | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| FRANKIE BROWN | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| EVELYN LEE | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| KELEIGH MONTGOMERY | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| PATRICIA RICHARDSON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KENDRA BARLOW | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MICHAEL BERN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| YESIM SAYIN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| VANCE GRAGG | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| PETER WINK - OUTGOING | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CHRISTOPHER RIDDICK - OUTGOING | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| TRACY LONDON - OUTGOING | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JENNIPHER COLEMAN - OUTGOING | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4600 LIVINGSTON RD SE, WASHINGTON, DC 20032-3136
- In care of
- % AARON CUNY
- Principal officer (990 for 2024)
- WILLIAM STOETZER, 4600 LIVINGSTON ROAD SE, WASHINGTON, DC 20032
- Signed the 990
- WILLIAM STOETZER - CHIEF, EXECUTIVE OFFICER
- Phone
- (202) 562-0391
- Website
- WWW.INGENUITYPREP.ORG
- Return prepared by
- KENDALL PREBOLA AND JONES LLC
Mission
INGENUITY PREP PUBLIC CHARTER SCHOOL WAS FORMED TO PREPARE STUDENTS TO SUCCEED IN COLLEGE AND BEYOND AS IMPACTFUL CIVIIC LEADERS.
Program accomplishments
- 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.Expenses $23,275,585 · revenue $23,211,125
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 45-5054392
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $33,366,587
- Income (IRS master file)
- $28,210,008
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $27,235,650 | $25,626,893 | $33,366,587 | IRS |
| 990 | June 2024 | $26,459,798 | $24,422,674 | $32,399,395 | IRS |
| 990 | June 2023 | $25,128,237 | $21,784,236 | $10,482,925 | XML |
| 990 | June 2022 | $21,090,575 | $20,504,071 | $7,016,769 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-5054392).
Questions about INGENUITY PREP
- What is the EIN of INGENUITY PREP?
- The employer identification number (EIN) of INGENUITY PREP is 45-5054392.
- Is INGENUITY PREP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to INGENUITY PREP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INGENUITY PREP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INGENUITY PREP due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INGENUITY PREP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of INGENUITY PREP?
- The 990 for the year ended June 30, 2025 names WILLIAM STOETZER.
- Who are the officers and directors of INGENUITY PREP?
- The 990 for the year ended June 30, 2025 lists 21 people; 8 received compensation from the organization, the highest $202,216 (WILLIAM STOETZER - CHIEF, EXECUTIVE OF).
- How much revenue does INGENUITY PREP have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $27,235,650, expenses of $25,626,893 and total assets of $33,366,587 at year end.
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