Ingenuity Prep EIN 45-5054392

Ingenuity Prep FY2021 filing

EIN  45-5054392 Public charity (501(c)(3)) Washington, DC Founded 2012
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Verified accurate 8/8/26 · see original filing: IRS
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Size
$10–100M
What they do
Prepares students for college and civic leadership.
Leadership
William Stoetzer · Chief Execut · $163K
Money in and out
$17.9M revenue, $16.8M expenses
Bottom line
93% program efficiency

Prepares students for college and civic leadership. For fiscal year 2021 it reported $17.9M in revenue, $16.8M in expenses, and $5.0M in net assets.Pt I

Where the money goes · FY2021
Total revenue
$17.9M
Pt VIII · Ln 12
Total expenses
$16.8M
Pt IX · Ln 25
Net assets
$5.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.1M
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.07 Fundraising $0.01
Program efficiency
93%
of spending reaches programs
Operating runway
2.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+6%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$17.9M
FY2021▲ +16%
Expenses
$16.8M
FY2021▲ +10%
Total assets
$6.2M
FY2021▲ +33%
Total liabilities
$1.2M
FY2021▲ +48%
Total revenue
$17.9M
Pt VIII · Ln 12
Total expenses
$16.8M
Pt IX · Ln 25
Net assets
$5.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1.1M
Total assetsPt X · Ln 16$6.2M
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $15.6M of program spending, described in the organization's 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

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIngenuity Prep
EINHdr · item D45-5054392
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jwww.ingenuityprep.org
Year of formationHdr · item L2012
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B29)
Ruling yearIRS BMFAug 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

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 3682 $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

NameFY2024FY2024FY2023FY2022FY2021FY2020
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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Statement of Revenue

Part VIII
Program service revenue$15.9M · 89%
Contributions & grants$2.0M · 11%
Program service revenue89%$15.9M
Contributions & grants11%$2.0M
Investment income$1K
— government grantsLn 1e$1.8M
Total revenueLn 12$17.9M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.07 Fundraising $0.01
Program services93%$15.6M
Management & general7%$1.1M
Fundraising1%$95K
Total functional expensesLn 25$16.8M

Balance Sheet

Part X · end of year
CashLn 1$3.2M
Total assetsLn 16$6.2M
Total liabilitiesLn 26$1.2M
Total net assetsLn 32$5.0M
Months of cash on handcomputed2.3

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.2M · Operating expenses/yr $16.8M
2.3 months
Where the money goes
Program services
Program services $15.6M · Total expenses $16.8M
93%
Management & General
Management & general $1.1M · Total expenses $16.8M
7%
Fundraising
Fundraising $95K · Total expenses $16.8M
1%
Cost to raise $1
Fundraising expense (2-yr avg) $76K · Solicited contributions (2-yr avg) $232K
$0.33 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $2.0M · Total revenue $17.9M
11%
Government reliance
Government grants $1.8M · Total revenue $17.9M
10%
Earned-income share
Program service revenue $15.9M · Total revenue $17.9M
89%
Investment reliance
Investment income $1K · Total revenue $17.9M
0%
Program self-sufficiency
Program service revenue $15.9M · Total expenses $16.8M
95%
Growth & trend
Revenue growth (YoY)
This year $17.9M · Prior year $15.4M
+16%
Net-asset trend (YoY)
End of year $5.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $17.9M · Expenses $16.8M
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $6.2M
Net-asset ratio
Net assets $5.0M · Total assets $6.2M
81%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $6.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual William Stoetzer · Reported title CHIEF EXECUT · Highest reported compensation $163K · Total expenses $16.8M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $10.9M · Total expenses $16.8M
65%
Fundraising vendors
Fundraiser cost ratio
Paid to fundraisers $53K · Gross raised $1.4M
4%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 93%
Overhead ratio 7%
Fundraising cost ratio 5%
Revenue growth 16%
Legal fee ratio 1%
Accounting fee ratio 1%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

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

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$26.5M revenue · ⤓ 990 PDF
FY2023$25.1M revenue · ⤓ 990 PDF
FY2022$21.1M revenue · ⤓ 990 PDF
FY2021$17.9M revenue · viewing · ⤓ 990 PDF
FY2020$15.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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