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Seedexcel Charter School LLC

Riverdale, MDUnknown exempt organization EIN 83-1611520Revenue $5.2M in FY2022Latest return filed Nov 15, 2022

On file with the IRSexcelacademypcs.org6201 Riverdale Road - Suite 200 · Riverdale, MD

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The mission of EXCEL Academy Public Charter School is to provide its students with a standards-based, wholistic, college preparatory education. We cultivate every students academic and social learning potential through a rigorous academic program, partnerships with stakeholders.

93¢ of each $1 spent went to programs.
Run by 16 volunteers and 15 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $138K a year · 3% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 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
$60K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$67K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.2M
+6% vs prior year
Spent
$5.5M
To programs
93%
Net assets
$683K
By yearFY2021–FY2022
Revenue
$5.2M
FY2022▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2021$4.9M
FY2022$5.2M
Expenses
$5.5M
FY2022▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2021$4.8M
FY2022$5.5M
Net assets
$683K
FY2022▼ -33%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.0M
FY2022$683K

From the FY2022 Form 990 (year ending June 2022) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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% · $5.1M Management & general 7% · $402K

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; $60K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$60,250Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Carmen Wilson
Director - Parent Representat
$0Pt VII · Sec A
Deanna Benitez Silva
Director - Parent Representat
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021
Lisa B McDougal$60,250$37,850

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

Educates students for college with a rigorous, holistic program and community partnerships.

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1 program · $5.1M · in their own filed words · FY2021
01

(A) The school is poised to begin the International Baccalaureate authorization process beginning in fall 2002 with an application, and an authorization visit in spring or fall 2023. (B) An initial shipment of books to establish a library has been received; a circulation plan has been developed for students to access the books through…

$5.1Mprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$5.2M
Ln 12
Gifts and grantsLn 1h$5.2M
Money outPt IX
$5.5M
Ln 25
Programscol B$5.1M
Managementcol C$402K
Owns and owesPt X
$683K
net assets · Ln 32
Cash and savingsLn 1–2$305K
Total assetsLn 16$750K
LiabilitiesLn 26$67K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.2M
Government grantsLn 1e$5.2M
Total revenueLn 12$5.2M
Assets in detailPt X, end of year
CashLn 1$305K
Cash and savings togetherLn 1–2$305K
Land, buildings, equipmentLn 10c$31K
Total assetsLn 16$750K
LiabilitiesLn 26$67K
Net assetsLn 32$683K
OperationsPt I, VI
EmployeesI 515
VolunteersI 616
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 FY22End FY22
Cash and savingsLn 1–2$1.0M$305K
Land, buildings, equipmentLn 10c$74K$31K
Total assetsLn 16$1.1M$750K
LiabilitiesLn 26$106K$67K
Net assetsLn 32$1.0M$683K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$60K$60K
Other salaries and wagesLn 7$4.0M$4.0M$38K
Other fees for servicesLn 11g$435K$395K$40K
TravelLn 17$900$900
Depreciation, depletion and amortizationLn 22$43K$43K
Other expenses (24a–d)Ln 24$914K$688K$226K
All other expensesLn 24e$75K$20K$55K
Total functional expensesLn 25$5.5M$5.1M$402K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest ViewingFiled with the IRS Nov 15, 2022 $5.2M$5.5M−$338K$683K 990 PDF
FY2021Filed with the IRS Apr 13, 2022 $4.9M$4.8M$62K$1.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $5,199,981 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,911,205$5,199,981
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $4,911,205$5,199,981
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $3,738,737$4,070,158
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,110,328$1,468,189
I-18 Total expensesPrior year $4,849,065$5,538,347
I-19 Revenue less expensesPrior year $62,140−$338,366
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $5,199,981 across 3 lines filed
VIII-1e Government grants$5,199,981
VIII-1h Total contributions, gifts and grants$5,199,981
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$5,199,981
Part IX · Statement of functional expenses $5,538,347 across 7 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $60,250$60,250
IX-7 Other salaries and wagesPrograms $3,971,635 · Management $38,273$4,009,908
IX-11g Other fees for servicesPrograms $394,741 · Management $39,907$434,648
IX-17 TravelPrograms $900$900
IX-22 Depreciation, depletion and amortizationManagement $43,139$43,139
IX-24 Other expenses (24a–d)Programs $688,309 · Management $226,046$914,355
IX-24e All other expensesPrograms $20,418 · Management $54,729$75,147
IX-25 Total functional expensesPrograms $5,136,253 · Management $402,094 · Fundraising $0$5,538,347
Part X · Balance sheet $749,815 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,044,355$305,310
X-3 Pledges and grants receivable$352,765
X-4 Accounts receivable$50,000
X-9 Prepaid expenses and deferred chargesStart of year $8,842$10,624
X-10c Land, buildings and equipment, netStart of year $74,255$31,116
X-16 Total assetsStart of year $1,127,452$749,815
X-17 Accounts payable and accrued expensesStart of year $106,133$67,200
X-26 Total liabilitiesStart of year $106,133$67,200
X-27 Net assets without donor restrictionsStart of year $1,021,319$682,615
X-32 Total net assets or fund balancesStart of year $1,021,319$682,615
X-33 Total liabilities and net assetsStart of year $1,127,452$749,815
Part XI · Reconciliation of net assets $682,615 net assets at year end
XI-1 Total revenue$5,199,981
XI-2 Total expenses$5,538,347
XI-3 Revenue less expenses−$338,366
XI-4 Net assets at start of year$1,021,319
XI-8 Prior period adjustments−$338
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$682,615

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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