DC Way Academy FY2024 filing

Tax-deductible

Herndon, VA501(c)(3)Since 2020EducationEIN 84-4458824Revenue $608K in FY2024

On file with the IRS13276 Woodland Park Rd, 20171-5019 · Herndon, VATax-exempt since Feb 2021Publicly supported — 509(a)(2)

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To positivily impect the development of youth in the community by providing soccer and life-enriching opportunities to young players of all ages and playing abilities.

501(c)(3) charity; gifts are tax-deductible.
46¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2024 · 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
2 of 5
filings with a surplus
Average deficit $64K a year · 14% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
46%
of spending
Concern: 46% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$168K
×43 of total assets
Concern: liabilities are 4300% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$608K
+47% vs prior year
Spent
$737K
To programs
46%
Net assets
−$164K
By yearFY2020–FY2025
Revenue
$608K
FY2024▲ +47%
Tap a bar for its year
Revenue by fiscal year
FY2020$42K
FY2021$221K
FY2022$380K
FY2023$415K
FY2024$608K
FY2025$759K
Expenses
$737K
FY2024▲ +80%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$267K
FY2022$374K
FY2023$411K
FY2024$737K
FY2025$917K
Net assets
−$164K
FY2024▼ -367%
Tap a bar for its year
Net assets by fiscal year
FY2020$266
FY2021−$46K
FY2022−$39K
FY2023−$35K
FY2024−$164K
FY2025−$322K

From the FY2024 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2024 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 Feb 2021.

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

Where the money goes

46 cents of each dollar spent went to programs.

Program services 46% · $337K Management & general 54% · $400K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Roman Kilishek’s $34K as Executive Director is at the 26th percentile of top reported officer pay among 1613 $100K–1M 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.

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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 15aNo

Programs and updates

Provides soccer and life skills to youth of all ages and abilities.

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Provided by the organization

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1 program · $337K · in their own filed words · FY2024
01

Advanced coaching and technical development of youth soccer players

$337Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$608K
Ln 12
Fees for servicesLn 2g$608K
Money outPt IX
$737K
Ln 25
Programscol B$337K
Managementcol C$400K
Owns and owesPt X
−$164K
net assets · Ln 32
Cash and savingsLn 1–2$4K
Total assetsLn 16$4K
LiabilitiesLn 26$168K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$608K
Gains on assetsLn 7$0
Total revenueLn 12$608K
Assets in detailPt X, end of year
CashLn 1$4K
Cash and savings togetherLn 1–2$4K
Total assetsLn 16$4K
LiabilitiesLn 26$168K
Net assetsLn 32−$164K
OperationsPt I, VI
EmployeesI 56
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$14K$4K
Total assetsLn 16$16K$4K
LiabilitiesLn 26$51K$168K
Net assetsLn 32−$35K−$164K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$251K$0$251K$0
Other employee benefitsLn 9$26K$0$26K$0
Payroll taxesLn 10$20K$0$20K$0
Legal feesLn 11b$286$0$286$0
Advertising and promotionLn 12$3K$3K$0$0
Office expensesLn 13$350$0$350$0
Information technologyLn 14$2K$0$2K$0
OccupancyLn 16$78K$73K$4K$0
TravelLn 17$5K$0$5K$0
Conferences, conventions and meetingsLn 19$3K$0$3K$0
InsuranceLn 23$532$0$532$0
Other expenses (24a–d)Ln 24$314K$245K$69K$0
All other expensesLn 24e$35K$16K$19K$0
Total functional expensesLn 25$737K$337K$400K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $759K$917K−$158K−$322K 990 PDF
FY2024 Viewing $608K$737K−$129K−$164K 990 PDF
FY2023 $415K$411K$4K−$35K 990 PDF
FY2022 $380K$374K$6K−$39K 990 PDF
FY2021 $221K$267K−$46K−$46K 990 PDF
FY2020 $42K$266 990 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 FY2024 990 (6 parts)
Part I · Summary $608,423 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $414,848$608,423
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $414,848$608,423
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $181,243$297,373
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $229,282$439,730
I-18 Total expensesPrior year $410,525$737,103
I-19 Revenue less expensesPrior year $4,323−$128,680
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $608,423 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$608,423
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $608,423 · Unrelated business $0 · Excluded from tax $0$608,423
Part IX · Statement of functional expenses $737,103 across 13 lines filed
IX-7 Other salaries and wagesPrograms $0 · Management $251,219 · Fundraising $0$251,219
IX-9 Other employee benefitsPrograms $0 · Management $25,777 · Fundraising $0$25,777
IX-10 Payroll taxesPrograms $0 · Management $20,377 · Fundraising $0$20,377
IX-11b Legal feesPrograms $0 · Management $286 · Fundraising $0$286
IX-12 Advertising and promotionPrograms $2,691 · Management $0 · Fundraising $0$2,691
IX-13 Office expensesPrograms $0 · Management $350 · Fundraising $0$350
IX-14 Information technologyPrograms $0 · Management $1,662 · Fundraising $0$1,662
IX-16 OccupancyPrograms $73,243 · Management $4,312 · Fundraising $0$77,555
IX-17 TravelPrograms $0 · Management $4,759 · Fundraising $0$4,759
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $3,000 · Fundraising $0$3,000
IX-23 InsurancePrograms $0 · Management $532 · Fundraising $0$532
IX-24 Other expenses (24a–d)Programs $245,211 · Management $68,824 · Fundraising $0$314,035
IX-24e All other expensesPrograms $16,230 · Management $18,630 · Fundraising $0$34,860
IX-25 Total functional expensesPrograms $337,375 · Management $399,728 · Fundraising $0$737,103
Part X · Balance sheet $3,995 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $14,322$3,995
X-16 Total assetsStart of year $16,250$3,995
X-17 Accounts payable and accrued expenses$21,545
X-24 Unsecured notes and loans payableStart of year $27,177$146,200
X-26 Total liabilitiesStart of year $51,320$167,745
X-32 Total net assets or fund balancesStart of year −$35,070−$163,750
X-33 Total liabilities and net assetsStart of year $16,250$3,995
Part XI · Reconciliation of net assets −$163,750 net assets at year end
XI-1 Total revenue$608,423
XI-2 Total expenses$737,103
XI-3 Revenue less expenses−$128,680
XI-4 Net assets at start of year−$35,070
XI-10 Net assets at end of year−$163,750

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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