DC Accounting Lab

Nonprofit profile at a glance

EIN
850799013
IRS 990-EZ coverage
2020–2020
Forms available
Form 990-EZ 2020
Location
Washington, DC, USA
Phone
3018212658
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$9,000
Expenses
$20,631
Assets
$69
Liabilities
$11,200

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

1 person listed

People named in this filing

  • Alicia Dorsey (Executive Dir.)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

DC Accounting Lab is an educational nonprofit dedicated to providing top quality financial services to small businesses by pairing Fortune 500 experienced CPAs with trained accounting collegiate interns to support financial services. We create high-quality work experiences and provide professional certification training for college students majoring in Accounting and Finance by using skilled CPAs to train and supervise collegiate interns in bookkeeping and tax preparation. DC Accounting Lab is also dedicated to providing top quality educational support to public schools by pairing Certified Teachers with college students majoring in Education and Math. We create mutually beneficial professional work experiences for college students to provide classroom support in Reading, ELA, and Math, while receiving supervised training in classroom management and pedagogy from Certified Teachers. Our goal is to create a pipeline of highly qualified public-school educators.

What it reported doing in 2020

The Financial Services programs successfully processed Federal and State financial pandemic assistance applications for small to middle market business owners including SBA Economic Income Disaster Recovery Loans (EIDL), Payment Protection Program (PPP), Health and Human Services grants (HHS) and numerous forgivable grant awards; securing more than $500,000 in critical financial assistance for small businesses during FY2020.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 82
  • Sustainability: 13
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 44.1%; rating input score 44

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -129.2%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 4; 4th percentile among comparable filings
  • Liabilities to assets ratio: 162.32; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 100% of revenue deployed · 44.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $9K in reported program spending
  • Leadership: top reported pay $0 · 1 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Contacts: How to reach this organization
  • 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.

  • Moderate — Financial Efficiency: Program expense ratio scored 44/100.
  • High — Sustainability: Operating margin scored 11/100.
  • High — Sustainability: Total-asset coverage ratio scored 4/100.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.