Community College Preparatory Academy Public Charter School

Nonprofit profile at a glance

EIN
460682130
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Washington, DC, USA
Phone
2027703252
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Charter Schools

Official website

Reported finances

Revenue
$10,476,588
Expenses
$8,321,617
Assets
$50,389,850
Liabilities
$33,391,626

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

20 people listed

Executive titles in this filing

  • WALLACE HENRY III - OUTGOING (CEO)
  • GERALD KONOHIA (CEO)

Highest reported compensation

  • ASHLEY MITCHELL (CHIEF OF STA): $166,276 total reported compensation
  • AVRIL CODNOR-CROOKS - DIRECTOR OF (CURRICULUM &): $149,834 total reported compensation
  • BP WALKER - CHIEF (ACADEMIC OFF): $146,089 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the community college preparatory academy public charter school is to provide the education and skills development to empower and prepare under-credited adults for postsecondary educational success, viable employment and lifelong learning.

What it reported doing in 2024

The design of the charter school was in response to two major challenges confronting the district of columbia, namely: 1. The increasing number of adults in their prime wage-earning years, entering post-secondary education unprepared to successfully complete an associate degree or advanced vocational certifications; and 2. The overwhelming number of dc residents unable to be employed in the city due to the lack of core academic skills and the lack of certificated workforce skills required by the city's knowledge-based economy. Program description community college preparatory academy, founded in 2013, is an educational institution focused on preparing adult students for success in community college, college-level courses, and career industry competencies. Cc prep offers six pathways to academic and national certification, as well as wellness and career services, providing a comprehensive educational experience. Our offerings allow students to continue their education beyond the high school level in areas that enhance their employability and opportunities for advancement; strengthen their academic preparation for further education; receive integrated education and training in a particular skill area and explore areas of personal interest. Mission, goals, and academic achievements community college preparatory academy remains committed to fulfilling its mission to provide the education and skills development that will empower and prepare under-credited adults for post-secondary education success, viable employment, and lifelong learning. Cc prep rests on the belief that an exciting and supportive learning environment that is responsive to all students learning needs will yield high performance outcomes. In addition, to support the unique learning styles of the adult learner, instruction will be self-paced, realworld experience-focused, inquiry-based; and will integrate critical thinking, reading, numeracy, and vocational concepts in each content area. Key goals include to develop and deliver high-quality curricula, programs, support services, and enrichment that prepare learners for lifelong professional and personal success. Further, to provide broad and varied learning experiences that develop career potential in organizations and other related entities that serve Washington, dc, and the greater metropolitan area. General education development (ged) pathway general education development (ged) engages adult learners in advancing their adult basic and secondary education skills and abilities to achieve high school equivalency (i.e., ged), prepare for college or university, employment, and lifelong learning. High-quality, practical courses challenge students to expand and deepen their understanding of the skills and abilities essential in any field of endeavor - numeracy, communication, reasoning, technology, health and well-being, financial literacy, appreciation of diversity, and understanding of the individual and society. Ged courses build the knowledge and reasoning skills needed to pass the four ged tests in language arts, math, science, and social studies. Additionally, course materials reflect real-life situations in both academic and workplace settings. Students also gain practical skills in communication, technology, financial literacy, health and well-being, and selfmanagement that they can use on the job or in their personal lives. Career and technical education (cte) pathway the career and technical education (cte) pathways advances the mission of cc prep by providing certification and credentialing courses and programs, as well as career and personal development opportunities, to aspiring professionals and working adults in Washington, dc. The robust curricula by discipline are designed to equip students with the knowledge, skills, abilities, and other attributes or characteristics (ksaos) necessary to perform at a high standard for todays employers operating in todays complex and increasingly competitive environmen

Operating model

Revenue model
Earned-program. 88% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 84
  • Accountability: 90
  • Sustainability: 68
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 63.8%; rating input score 64
  • Program expense ratio: 83.3%; rating input score 83
  • Fundraising efficiency: $37.44 raised per $1 spent on fundraising; rating input score 71; 71st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90.9%; rating input score 91; 23rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 20.6%; rating input score 82; 82nd percentile among comparable filings
  • Total-asset coverage ratio: 6.06; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 0.66; rating input score 19; 19th percentile among comparable filings
  • Officer compensation ratio: 11%; rating input score 17; 17th percentile among comparable filings

Growth

  • Program expense growth: 8.4% per year; rating input score 100; 63rd percentile among comparable filings
  • Revenue growth: 10.4% per year; rating input score 100; 75th percentile among comparable filings
  • Asset growth: 31.9% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 63.8% of revenue deployed · 83.3% of spending went to programs
  • Governance: 10 of 11 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $6.9M in reported program spending
  • Leadership: top reported pay $166K · 20 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $478K reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 8 filed schedules · includes major donors and executive pay
  • Filing history: 12 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 17/100.
  • High — Sustainability: Liabilities to assets ratio scored 19/100.