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EIN 52-2063496

Charter Schools Development Corporation (CSDC)

IRS 501(c) type
501(c)(3)
Num. employees
15
City
Hanover
State
Maryland
Year formed
1997
Most recent tax filings
2022-12-01
NTEE code, primary
B29: Charter Schools
Description
Charter Schools Development Corporation (CSDC), a 501(c)(3) non-profit corporation and Community Development Financial Institution (CDFI), promotes choice and excellence in education by financing and building great public charter schools nationally.
Total revenues
$12,551,339
2022
Total expenses
$7,899,598
2022
Total assets
$136,626,734
2022
Num. employees
15
2022

Program areas at CSDC

Providing loans, credit enhancements, financing guarantees, facility Development and management support to Charter Schools.

Grants made by CSDC

GranteeGrant descriptionAmount
Buffalo Academy of Science Charter SchoolTom Nida Award$15,000
San Antonio Preparatory Charter SchoolSafety Grant$8,000
Jefferson RiseTom Nida Award & Safety Grant$6,000

Who funds Charter Schools Development Corporation (CSDC)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
CSDC Property CorporationGeneral Operations$5,900,000
CSDC Facilities CorporationSupport of General Operations$1,202,008

Personnel at CSDC

NameTitleCompensation
Alan WashingtonPresident and Chief Executive Officer$128,083
Michelle ProsperiChief Operating Officer$337,908
Michele CerwinChief of Staff
Laura FiemannChief Development Officer$315,017
Glenn KleinVice President of Accounting
...and 18 more key personnel

Financials for CSDC

RevenuesFYE 12/2022
Total grants, contributions, etc.$7,628,008
Program services$4,971,703
Investment income and dividends$112,952
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-161,324
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$12,551,339

Form 990s for CSDC

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-18990View PDF
2021-122022-11-15990View PDF
2020-122021-09-10990View PDF
2019-122021-02-17990View PDF
2018-122020-01-30990View PDF
...and 11 more Form 990s
Data update history
September 21, 2024
Updated personnel
Identified 2 new personnel
April 24, 2024
Updated personnel
Identified 4 new personnel
December 5, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 4, 2023
Updated personnel
Identified 1 new personnel
November 27, 2023
Received grants
Identified 2 new grant, including a grant for $5,900,000 from CSDC Property Corporation
Nonprofit Types
SchoolsCharter schoolsK-12 schoolsCommunity Development Financial InstitutionsHeadquarter / parent organizationsCharities
Issues
EducationCommunity improvement
Characteristics
Receives government fundingTax deductible donationsAccepts online donations
General information
Address
7880 Milestone Pkwy 425
Hanover, MD 21076
Metro area
Baltimore-Columbia-Towson, MD
County
Anne Arundel County, MD
Website URL
csdc.org/ 
Phone
(443) 561-1280
Facebook page
Charter-Schools-Development-Corporation 
IRS details
EIN
52-2063496
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1997
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B29: Charter Schools
NAICS code, primary
522120: Savings Institutions
Parent/child status
Central organization
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