Nonprofit · EIN 20-5116150
CHARTER SCHOOL INCUBATOR INITIATIVE
Tax-exempt · WASHINGTON, DC 20007
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $1,515,362 | $4,746,227 | -$3,230,865 | $9,704,001 | $8,406,137 | $1,297,864 |
| June 30, 2024 | 990 | -$1,425,311 | $3,746,859 | -$5,172,170 | $12,970,478 | $8,441,749 | $4,528,729 |
| June 30, 2023 | 990 | $10,504,064 | $5,954,955 | $4,549,109 | $22,749,448 | $13,048,549 | $9,700,899 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Interest
- $13,103
- Net gain from sales of assets
- -$3,089
- Other income
- $1,505,348
Expenses
- Grants and similar amounts paid
- $2,850,000
- Compensation of officers, directors and key employees
- $201,879
- Disbursements for charitable purposes
- $2,850,000
- Excise tax on investment income
- $182
Balance sheet and other
- Total assets, start of year
- $13,106,293
- Total assets, end of year
- $9,704,001
- Total liabilities, end of year
- $8,406,137
- Net assets, end of year
- $1,297,864
- Fair market value of assets
- $9,704,001
- Qualifying distributions
- $2,850,000
- Net investment income
- $13,103
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ORNELLA NAPOLITANO 1776 I STREET NW SUITE 200, WASHINGTON, DC 20006 | TREASURER & CFO UNTIL DEC 2024 | 40 | $269,200 | $6,655 |
| JOSEPH GALLI 3299 K STREET NW STE 700, WASHINGTON, DC 20007 | TREASURER & CFO AS OF JAN 2025 | 0.25 | $0 | $0 |
| MARIANNE KELER 1776 I STREET NW SUITE 200, WASHINGTON, DC 20006 | CHAIR & SECRETARY UNTIL DEC 2024 | 0.25 | $0 | $0 |
| STEFAN KERSHOW 3299 K STREET NW STE 700, WASHINGTON, DC 20007 | CHAIR AS OF DEC 2024 | 2.5 | $0 | $0 |
| BLAKE SCHELL 3299 K STREET NW STE 700, WASHINGTON, DC 20007 | SECRETARY AS OF DEC 2024 | 0.25 | $0 | $0 |
| JOSEPH BRUNO 1776 I STREET NW SUITE 200, WASHINGTON, DC 20006 | EXECUTIVE DIRECTOR UNTIL DEC 2024 | 2 | $0 | $0 |
| KEITH MCINTOSH 3299 K STREET NW STE 700, WASHINGTON, DC 20007 | BOARD MEMBER AS OF DEC 2024 | 0.25 | $0 | $0 |
| BEN SOTO 3299 K STREET NW STE 700, WASHINGTON, DC 20007 | BOARD MEMBER AS OF DEC 2024 | 0.25 | $0 | $0 |
| ALBERT D'ALESSANDRO 1776 I STREET NW SUITE 200, WASHINGTON, DC 20006 | BOARD MEMBER UNTIL DEC 2024 | 0.25 | $0 | $0 |
| JAMES MCANDREWS 1776 I STREET NW SUITE 200, WASHINGTON, DC 20006 | BOARD MEMBER UNTIL DEC 2024 | 0.25 | $0 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ORNELLA NAPOLITANO | TREASURER & CFO Officer | 40 | $144,200 | $36,089 |
| JOE BRUNO | EXECUTIVE DIRECTOR AS OF 7/2023 Officer | 2 | $0 | $0 |
| MARIANNE KELER | CHAIR & SECRETARY Trustee or director, Officer | 0.25 | $0 | $0 |
| ALBERT D'ALESSANDRO | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| JAMES MCANDREWS | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ORNELLA NAPOLITANO | TREASURER & CFO Officer | 40 | $160,856 | $32,410 |
| ANNE ROBINSON EXECUTIVE DIR | & BOARD SECRETARY UNTIL 6/2023 Officer | 40 | $171,682 | $11,236 |
| MARIANNE KELER CHAIR AND | SECRETARY AS OF 6/2023 Trustee or director, Officer | 0.25 | $0 | $0 |
| ALBERT D'ALESSANDRO | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| JAMES MCANDREWS | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3299 K ST NW STE 700, WASHINGTON, DC 20007-4438
- In care of
- % STEFAN KERSHOW
- Signed the 990-PF
- STEFAN KERSHOW, CHAIRMAN
- Phone
- (202) 306-5091
- Return prepared by
- JM&M
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-5116150
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2007
- Accounting year ends
- June
- Files
- Form 990-PF
- Category (NTEE)
- Education (B19)
- Assets (IRS master file)
- $9,704,001
- Income (IRS master file)
- $1,518,451
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $1,515,362 | $4,746,227 | $9,704,001 | XML |
| 990 | June 2024 | -$1,425,311 | $3,746,859 | $12,970,478 | XML |
| 990 | June 2023 | $10,504,064 | $5,954,955 | $22,749,448 | XML |
| 990 | June 2022 | $8,281,364 | $8,301,423 | $37,834,831 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5116150).
Questions about CHARTER SCHOOL INCUBATOR INITIATIVE
- What is the EIN of CHARTER SCHOOL INCUBATOR INITIATIVE?
- The employer identification number (EIN) of CHARTER SCHOOL INCUBATOR INITIATIVE is 20-5116150.
- Is CHARTER SCHOOL INCUBATOR INITIATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to CHARTER SCHOOL INCUBATOR INITIATIVE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CHARTER SCHOOL INCUBATOR INITIATIVE file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CHARTER SCHOOL INCUBATOR INITIATIVE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHARTER SCHOOL INCUBATOR INITIATIVE last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of CHARTER SCHOOL INCUBATOR INITIATIVE?
- The 990-PF for the year ended June 30, 2025 lists 10 people; 1 received compensation from the organization, the highest $269,200 (ORNELLA NAPOLITANO, TREASURER & CFO UNTIL DEC 2024).
- How much revenue does CHARTER SCHOOL INCUBATOR INITIATIVE have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $1,515,362, expenses of $4,746,227 and total assets of $9,704,001 at year end.
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