Ingenuity Prep public charter school was formed to prepare students to succeed in college and beyond as impactful civiic leaders.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$1.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $1.5M a year · 7% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.0M
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $364K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.2M
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$17.9M
+16% vs prior year
Spent
$16.8M
To programs
93%
Net assets
$5.0M
By yearFY2020–FY2025
Revenue
$17.9M
FY2021▲ +16%
Tap a bar for its year
Revenue by fiscal year
FY2020$15.4M
FY2021$17.9M
FY2022$21.1M
FY2023$25.1M
FY2024$26.5M
FY2025$27.2M
Expenses
$16.8M
FY2021▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$15.2M
FY2021$16.8M
FY2022$20.5M
FY2023$21.8M
FY2024$24.4M
FY2025$25.6M
Net assets
$5.0M
FY2021▲ +29%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.9M
FY2021$5.0M
FY2022$5.6M
FY2023$8.9M
FY2024$11.0M
FY2025$12.6M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $15.6M Management & general 7% · $1.1M Fundraising 1% · $95K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

24 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Chief Execut
$162,905Pt VII · Sec A
$157,244Pt VII · Sec A
$131,069Pt VII · Sec A
$116,494Pt VII · Sec A
$110,606Pt VII · Sec A
$103,215Pt VII · Sec A
$101,507Pt VII · Sec A
$82,785Pt VII · Sec A

William Stoetzer - Chief’s $202K as Executive of is at the 37th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
William Stoetzer - Chief$202,216$197,020$180,690$163,156——
William Stoetzer————$162,905$159,530
Benjamin Johnson - Chief$162,226$160,221$143,396———
Lashawndra Thornton - Chief$162,220$134,328$140,520———
Ashanti Herndon - Chief Financial—$160,313$150,564$156,044——
Jennifer K Hampton - Chief————$157,244$125,774
Altesha Ervin - Chief of Student$148,839—————
Katherine O'Conner - Elementary$141,723$131,810$114,931———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Prepares students for college and civic leadership.

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Provided by the organization

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1 program · $15.6M · in their own filed words · FY2020
01

Ingenuity prep public charter school prepares students to succeed in college and beyond as impactful civic leaders. With this aim, the charter school opened in washington, DC, in august of 2013 and has expanded to now serve over 800 students in preschool through 8TH grade and has a staff of more than 150.

$15.6Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
50can INCFY2024$167K
Total grants receivedfrom 3 funders$364K
See all 3 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$17.9M
Ln 12
Fees for servicesLn 2g$15.9M
Gifts and grantsLn 1h$2.0M
Investment incomeLn 3$1K
Money outPt IX
$16.8M
Ln 25
Programscol B$15.6M
Managementcol C$1.1M
Fundraisingcol D$95K
Owns and owesPt X
$5.0M
net assets · Ln 32
Cash and savingsLn 1–2$3.2M
Total assetsLn 16$6.2M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
24
listed · VII A
PaidVII A9
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.0M
Government grantsLn 1e$1.8M
Fees for servicesLn 2g$15.9M
Investment incomeLn 3$1K
Total revenueLn 12$17.9M
Assets in detailPt X, end of year
CashLn 1$1.5M
SavingsLn 2$1.7M
Cash and savings togetherLn 1–2$3.2M
Land, buildings, equipmentLn 10c$2.2M
Other assetsLn 15$102K
Total assetsLn 16$6.2M
LiabilitiesLn 26$1.2M
Net assetsLn 32$5.0M
OperationsPt I, VI
EmployeesI 5231
VolunteersI 613
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$2.5M$3.2M
Land, buildings, equipmentLn 10c$1.6M$2.2M
Total assetsLn 16$4.7M$6.2M
LiabilitiesLn 26$795K$1.2M
Net assetsLn 32$3.9M$5.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$495K$388K$77K$30K
Other salaries and wagesLn 7$8.7M$8.3M$339K
Pension plan contributionsLn 8$92K$87K$4K$302
Other employee benefitsLn 9$865K$823K$39K$3K
Payroll taxesLn 10$793K$755K$36K$3K
Legal feesLn 11b$102K$20K$82K
Accounting feesLn 11c$174K$174K
Professional fundraising feesLn 11e$53K$53K
Other fees for servicesLn 11g$694K$563K$131K
Advertising and promotionLn 12$159K$152K$7K$260
Office expensesLn 13$693K$679K$14K
Information technologyLn 14$152K$145K$7K
OccupancyLn 16$2.4M$2.3M$107K$4K
TravelLn 17$11K$11K$504$19
InterestLn 20$848$810$38
Depreciation, depletion and amortizationLn 22$391K$373K$17K
InsuranceLn 23$39K$37K$2K
Other expenses (24a–d)Ln 24$877K$819K$57K$1K
All other expensesLn 24e$78K$77K$1K
Total functional expensesLn 25$16.8M$15.6M$1.1M$95K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $27.2M$25.6M$1.6M$12.6M 990 PDF
FY2024 $26.5M$24.4M$2.0M$11.0M 990 PDF
FY2023 $25.1M$21.8M$3.3M$8.9M 990 PDF
FY2022 $21.1M$20.5M$587K$5.6M 990 PDF
FY2021 Viewing $17.9M$16.8M$1.1M$5.0M 990 PDF
FY2020 $15.4M$15.2M$221K$3.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $17,892,639 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,625,110$2,032,335
I-9 Program service revenuePrior year $13,757,989$15,859,173
I-10 Investment incomePrior year $2,106$1,131
I-11 Other revenue$0
I-12 Total revenuePrior year $15,385,205$17,892,639
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $9,598,553$10,928,370
I-16a Professional fundraising feesPrior year $12,000$53,338
I-17 Other expensesPrior year $5,553,956$5,771,239
I-18 Total expensesPrior year $15,164,509$16,752,947
I-19 Revenue less expensesPrior year $220,696$1,139,692
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $17,892,639 across 6 lines filed
VIII-1e Government grants$1,757,295
VIII-1f All other contributions, gifts and grants$275,040
VIII-1h Total contributions, gifts and grants$2,032,335
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $15,859,173$15,859,173
VIII-3 Investment incomeExcluded from tax $1,131$1,131
VIII-12 Total revenueRelated to mission $15,859,173 · Excluded from tax $1,131$17,892,639
Part IX · Statement of functional expenses $16,752,947 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $388,169 · Management $76,883 · Fundraising $30,212$495,264
IX-7 Other salaries and wagesPrograms $8,344,403 · Management $338,863$8,683,266
IX-8 Pension plan contributionsPrograms $87,305 · Management $4,156 · Fundraising $302$91,763
IX-9 Other employee benefitsPrograms $822,647 · Management $39,166 · Fundraising $2,846$864,659
IX-10 Payroll taxesPrograms $754,868 · Management $35,938 · Fundraising $2,612$793,418
IX-11b Legal feesPrograms $19,667 · Management $82,283$101,950
IX-11c Accounting feesManagement $173,667$173,667
IX-11e Professional fundraising feesFundraising $53,338$53,338
IX-11g Other fees for servicesPrograms $562,808 · Management $131,077$693,885
IX-12 Advertising and promotionPrograms $152,129 · Management $7,080 · Fundraising $260$159,469
IX-13 Office expensesPrograms $679,234 · Management $13,650$692,884
IX-14 Information technologyPrograms $145,077 · Management $6,752$151,829
IX-16 OccupancyPrograms $2,290,437 · Management $106,599 · Fundraising $3,912$2,400,948
IX-17 TravelPrograms $10,830 · Management $504 · Fundraising $19$11,353
IX-20 InterestPrograms $810 · Management $38$848
IX-22 Depreciation, depletion and amortizationPrograms $373,166 · Management $17,368$390,534
IX-23 InsurancePrograms $37,038 · Management $1,724$38,762
IX-24 Other expenses (24a–d)Programs $819,221 · Management $56,896 · Fundraising $1,017$877,134
IX-24e All other expensesPrograms $76,940 · Management $1,036$77,976
IX-25 Total functional expensesPrograms $15,564,749 · Management $1,093,680 · Fundraising $94,518$16,752,947
Part X · Balance sheet $6,189,682 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $828,618$1,531,010
X-2 Savings and temporary cash investmentsStart of year $1,698,666$1,689,797
X-3 Pledges and grants receivableStart of year $149,265$484,016
X-4 Accounts receivableStart of year $137,225$152,154
X-9 Prepaid expenses and deferred chargesStart of year $98,709$67,711
X-10c Land, buildings and equipment, netStart of year $1,625,335$2,163,165
X-15 Other assetsStart of year $127,293$101,829
X-16 Total assetsStart of year $4,665,111$6,189,682
X-17 Accounts payable and accrued expensesStart of year $776,548$1,165,705
X-26 Total liabilitiesStart of year $795,447$1,180,326
X-27 Net assets without donor restrictionsStart of year $3,869,664$5,009,356
X-32 Total net assets or fund balancesStart of year $3,869,664$5,009,356
X-33 Total liabilities and net assetsStart of year $4,665,111$6,189,682
Part XI · Reconciliation of net assets $5,009,356 net assets at year end
XI-1 Total revenue$17,892,639
XI-2 Total expenses$16,752,947
XI-3 Revenue less expenses$1,139,692
XI-4 Net assets at start of year$3,869,664
XI-10 Net assets at end of year$5,009,356

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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