Emerson Institute

IRS exemption revoked

Washington, DCUnknown exempt organizationEIN 53-0062990

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The Institute originally prepared Washington area boys to enter Harvard College and continues as a co-ed college preparatory school with a progressive philosophy of student-centered programs for families seeking a healthier, happier, and stimulating education.

70¢ of each $1 spent went to programs.
$150K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2020
latest Form 990
Concern: the latest return is for FY2020, 6 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$150K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$259K
126% of total assets
Concern: liabilities are 126% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$882K
Spent
$909K
To programs
70%
Net assets
−$53K

From the FY2020 Form 990 (year ending June 2020) · see the original

IRS revoked this organization's tax-exempt status on November 15, 2023

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2020.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $638K Management & general 27% · $249K Fundraising 2% · $22K

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

8 people listed on the 990; $150K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$150,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
See Emerson Institute executive salaries →

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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 with a progressive, student-centered education.

Provided by the organization

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1 program service account for $638K of program spending, described in the organization's own filed words · FY2019.
01

Taught students in grades 9-12

$638Kprogram expense

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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 · FY2019
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$882K
Ln 12
Fees for servicesLn 2g$847K
Gifts and grantsLn 1h$22K
Other incomeLn 4–11$12K
Money outPt IX
$909K
Ln 25
Programscol B$638K
Managementcol C$249K
Fundraisingcol D$22K
Owns and owesPt X
−$53K
net assets · Ln 32
Cash and savingsLn 1–2$182K
Total assetsLn 16$206K
LiabilitiesLn 26$259K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$22K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$847K
Investment incomeLn 3$2K
Other incomeLn 4–11$12K
Total revenueLn 12$882K
Assets in detailPt X, end of year
CashLn 1$182K
SavingsLn 2$0
Cash and savings togetherLn 1–2$182K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$19K
Other assetsLn 15$0
Total assetsLn 16$206K
LiabilitiesLn 26$259K
Net assetsLn 32−$53K
OperationsPt I, VI
EmployeesI 522
VolunteersI 60
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 FY20End FY20
Cash and savingsLn 1–2$124K$182K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$23K$19K
Total assetsLn 16$154K$206K
LiabilitiesLn 26$181K$259K
Net assetsLn 32−$27K−$53K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$150K$30K$100K$20K
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$423K$399K$24K$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$45K$34K$11K$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$12K$0$12K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$2K$0$2K$0
Information technologyLn 14$8K$0$8K$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$167K$125K$40K$2K
TravelLn 17$5K$0$5K$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$605$0$605$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$2K$1K$280$187
InsuranceLn 23$10K$0$10K$0
Other expenses (24a–d)Ln 24$82K$48K$34K$83
All other expensesLn 24e$1K$0$1K$0
Total functional expensesLn 25$909K$638K$249K$22K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest Viewing $882K$909K−$27K−$53K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $881,925 across 15 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$21,748
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$21,748
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $846,558 · Unrelated business $0 · Excluded from tax $0$846,558
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,790$1,790
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $11,829$11,829
VIII-12 Total revenueRelated to mission $846,558 · Unrelated business $0 · Excluded from tax $13,619$881,925
Part IX · Statement of functional expenses $908,566 across 27 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $30,000 · Management $100,000 · Fundraising $20,000$150,000
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $399,098 · Management $24,000 · Fundraising $0$423,098
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $33,887 · Management $11,297 · Fundraising $0$45,184
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $12,400 · Fundraising $0$12,400
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $0 · Management $1,783 · Fundraising $0$1,783
IX-14 Information technologyPrograms $0 · Management $7,790 · Fundraising $0$7,790
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $125,473 · Management $40,151 · Fundraising $1,673$167,297
IX-17 TravelPrograms $0 · Management $5,160 · Fundraising $0$5,160
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $605 · Fundraising $0$605
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $1,401 · Management $280 · Fundraising $187$1,868
IX-23 InsurancePrograms $0 · Management $9,984 · Fundraising $0$9,984
IX-24 Other expenses (24a–d)Programs $47,795 · Management $34,272 · Fundraising $83$82,150
IX-24e All other expensesPrograms $0 · Management $1,247 · Fundraising $0$1,247
IX-25 Total functional expensesPrograms $637,654 · Management $248,969 · Fundraising $21,943$908,566
Part X · Balance sheet $206,113 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $123,571$181,857
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $6,984$4,500
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $814$830
X-10c Land, buildings and equipment, netStart of year $22,934$18,926
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $154,303$206,113
X-17 Accounts payable and accrued expensesStart of year $13,269$13,222
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $167,625$1,810
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $180,894$259,345
X-27 Net assets without donor restrictionsStart of year −$26,591−$53,232
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year −$26,591−$53,232
X-33 Total liabilities and net assetsStart of year $154,303$206,113
Part XI · Reconciliation of net assets −$53,232 net assets at year end
XI-1 Total revenue$881,925
XI-2 Total expenses$908,566
XI-3 Revenue less expenses−$26,641
XI-4 Net assets at start of year−$26,591
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$53,232

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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