2024-05-15T11:25:36-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 901 NORTH GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2022-07-01 412089357 TWO RIVERS PUBLIC CHARTER SCHOOL INC TWOR 2025464477 1227 4TH STREET NE WASHINGTON DC 20002 BELICIA REAVES EXECUTIVE DIRECTOR 2025464477 2024-05-13 1 BELICIA REAVES XXX-XX-XXXX 0 ROBERT WILLIAMS P01345960 5712279500 2024-05-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BELICIA REAVES 1227 4TH STREET NE WASHINGTON DC 20002 26107038 0 X WWW.TWORIVERSPCS.ORG X 2003 DC TO NURTURE A DIVERSE GROUP OF STUDENTS TO BECOME LIFELONG, ACTIVE PARTICIPANTS IN THEIR EDUCATION, DEVELOP A SENSE OF SELF AND COMMUNITY, AND BECOME RESPONSIBLE AND COMPASSIONATE MEMBERS OF SOCIETY. 13 13 256 13 0 0 25622245 25521658 71553 138955 255444 256199 30964 139452 25980206 26056264 0 0 0 0 17696821 17391007 0 0 209707 9656300 11362956 27353121 28753963 -1372915 -2697699 68755676 55494024 58703353 45446357 10052323 10047667 X OUR MISSION IS TO PROVIDE QUALITY EARLY CHILDHOOD EDUCATION AND CARING, NURTURING CHILD CARE IN A WAY THAT VALUES AND RESPECTS EACH CHILD'S INDIVIDUALITY, AND FACILITATES GROWTH IN ALL ASPECTS OF THE CHILD'S DEVELOPMENT. TO CARRY OUT THIS MISSION, THE WESTMORELAND CHILDREN'S CENTER IS COMMITTED TO EMPLOYING OUTSTANDING DEDICATED STAFF; FOSTERING A STRONG SCHOOL-PARENT PARTNERSHIP; AND ENCOURAGING SOCIAL RESPONSIBILITY. 0 0 27025355 0 292681 ESTABLISHED A PUBLIC CHARTER SCHOOL IN WASHINGTON, D.C. THAT IS OPEN TO ANY D.C. CHILD IN GRADES PRESCHOOL THROUGH GRADE EIGHT. 27025355 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 29 0 1 256 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X GAIL WILLIAMS 2025464477 1227 4TH ST NE WASHINGTON DC 20002 ASWATHI ZACHARIAH CHAIR 2.00 X X 0 0 0 MALIK HUSSER VICE CHAIR 2.00 X X 0 0 0 ELI SCHLAM SECRETARY 2.00 X X 0 0 0 GREGG TREML TREASURER 2.00 X X 0 0 0 JENNY BRADBURY TRUSTEE 2.00 X 0 0 0 KIMBERLY EDDINGS TRUSTEE 2.00 X 0 0 0 JOHN PHILLIPS TRUSTEE 2.00 X 0 0 0 DEREK PIERCE TRUSTEE 2.00 X 0 0 0 AHNNA SMITH TRUSTEE 2.00 X 0 0 0 LAUREN HAMILTON-EDWARD TRUSTEE 2.00 X 0 0 0 ALVINCENT HUTSON TRUSTEE 2.00 X 0 0 0 MICHAEL MURPHY TRUSTEE 2.00 X 0 0 0 BENJAMIN ROBINS TRUSTEE 2.00 X 0 0 0 KRISTINA KYLES-SMITH CEO 40.00 X 152233 0 8895 KENNETH MCCANTS-PEARSALL CAO 40.00 X 139452 0 17979 AURORA STEINLE EXECUTIVE DIRECTOR 40.00 1.00 X 133845 0 47451 GAIL WILLIAMS COO 40.00 1.00 X 143383 0 31797 DANIELLE BLOUNT PRINCIPAL 40.00 X 122782 0 22306 691695 0 128428 5 0 1 0 ALIGN STAFFING 1501 ST PAUL ST SUITE 110 BALTIMORE MD 21202 SPECIAL EDU. SERVICES & SUBSTITUTE TEACH 1082204 LUNCHERAS DI SI LLC 703 EDGEWOOD NE WASHINGTON DC 20017 FOOD SERVICE 591294 BUSY BEE ENVIRONMENTAL SERVICES 7826 EASTERN AVE SUITE 503 WASHINGTON DC 20012 JANITORIAL SERVICES 461271 COLE PEDIATRIC THERAPY 507 CAPITOL COURT NE SUITE 100 WASHINGTON DC 20002 OT/PT/SLP THERAPY SERVICES 217076 DYNAMIC NETWORK SOLUTIONS INC 5067 LAKE CIRCLE WEST COLUMBIA MD 21044 IT SERVICES 197841 8 41859 25147164 332635 48696 25521658 PROGRAM SERVICE REVENUE 611710 138955 138955 138955 256199 256199 36500 41859 50774 -14274 -14274 153726 0 153726 153726 26056264 292681 0 241925 71148 64744 5692 712 14281133 12960024 1204934 116175 573366 518072 50430 4864 1360127 1228981 119600 11546 1105233 998668 97182 9383 61296 61296 237472 237472 256652 250355 2855 3442 686234 678454 3527 4253 377748 373465 1942 2341 2021198 1998283 10388 12527 169 169 2158758 2134283 11095 13380 1979299 1956859 10173 12267 124882 123466 642 774 DIRECT STUDENT COSTS 2767604 2767604 PROFESSIONAL DEVELOPMEN 281761 281761 BAD DEBT EXPENSE 171926 171926 OTHER STAFF EXPENSES 146266 146266 91691 73207 441 18043 28753963 27025355 1518901 209707 192846 495637 11783792 12703264 2239270 566278 815868 254773 339957 459295 54937096 14304957 42745183 40632139 10638760 382638 68755676 55494024 1624624 1167351 88934 52191304 43406616 4887425 783456 58703353 45446357 X 10016052 10047667 36271 0 10052323 10047667 68755676 55494024 X -2697699 -10153 2703196 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5454478 5454478 12031906 4383662 7648244 33980625 7071665 26908960 1947746 1624645 323101 1522341 1224985 297356 40632139 OPERATING LEASE LIABILITY 621256 ACCRUED INTEREST 162200 783456 X 28801831 -10153 1750 2703196 2694793 26107038 -50774 -50774 26056264 28806487 1750 50774 52524 28753963 0 28753963 PART X, LINE 2: THE SCHOOL QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE SCHOOL IS CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(L). THE QALICB IS A DISREGARDED ENTITY FOR TAX PURPOSES AND ALL ITS ACTIVITY IS INCLUDED IN THE SCHOOL'S INFORMATIONAL RETURN. THE SCHOOL HAS ADOPTED THE ACCOUNTING OF UNCERTAINTY IN INCOME TAXES AS REQUIRED BY THE INCOME TAXES TOPIC OF THE FASB ASC. THE TOPIC REQUIRES THE SCHOOL TO DETERMINE WHETHER A TAX POSITION IS MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE SCHOOL HAS ANALYZED ITS TAX POSITIONS AND HAS CONCLUDED THAT NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS SHOULD BE RECORDED RELATED TO ANY UNCERTAIN TAX POSITIONS TAKEN ON RETURNS FILED FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. THE SCHOOL IS NOT AWARE OF ANY TAX POSITIONS FOR WHICH IT BELIEVES THAT THERE IS A REASONABLE POSSIBILITY THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL CHANGE MATERIALLY IN THE NEXT 12 MONTHS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FORGIVENESS OF DEBT 2,703,196. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL FUNDRAISING EVENT EXPENSES -50,774. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL FUNDRAISING EVENTS EXPENSES 50,774. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 0 SCHEDULE E, PART I, LINE 3 PUBLICIZED ITS NON-DISCRIMINATORY POLICIES THROUGH NEWSPAPER ADS, ORGANIZATIONAL WEBSITE, COMMUNITY NEWSLETTER, AND COMMUNITY MEETINGS. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED THE FOLLOWING FROM GOVERNMENTAL AGENCIES, DC PUBLIC SCHOOLS LOCAL APPROPRIATION $25,135,559. SCHEDULE E, PART I, LINE 7 THE ORGANIZATION IS EXEMPT UNDER REV. PROC. 75-50. ANNUAL GALA 78359 41859 36500 25782 14184 10808 78359 41859 36500 25782 14184 10808 50774 -14274 X X X 0 0 0 0 0 0 0 1 0 AURORA STEINLE EXECUTIVE DIRECTOR 123845 0 10000 0 0 0 11590 0 35861 0 181296 0 0 0 GAIL WILLIAMS COO 131566 0 11817 0 0 0 9462 0 22335 0 175180 0 0 0 KRISTINA KYLES-SMITH CEO 147233 0 5000 0 0 0 4208 0 4687 0 161128 0 0 0 KENNETH MCCANTS-PEARSALL CAO 134702 0 4750 0 0 0 4057 0 13922 0 157431 0 0 0 PART I, LINE 7 ALL OFFICERS AND HIGHEST COMPENSATED EMPLOYEES RECEIVED BONUSES IN CALENDAR YEAR 2022. BONUSES ARE BASED ON MERIT. GAIL WILLIAMS, COO ($11,817) AURORA STEINLE, EXECUTIVE DIRECTOR ($10,000) KRISTINA KYLES-SMITH, CEO ($5,000) KENNETH MCCANTS-PEARSALL, CAO ($4,750) DANIELLE BLOUNT (3,000) A DISTRICT OF COLUMBIA 536001131 2013-06-01 14500000 TO REFINANCE 0 0 0 B DISTRICT OF COLUMBIA 536001131 25483VXS8 2020-10-26 45411244 TO REFINANCE 0 0 0 A 14500000 14500000 2016 0 0 1 1 B 10690000 2524150 917300 908224 30417076 2785000 2020 1 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART II, LINE 3: THE DIFFERENCE BETWEEN THE TOTAL PROCEEDS OF ISSUE AND THE ISSUE PRICE LISTED IN PART I, COLUMN (E) OF $4,721,244 IS RELATED TO THE NET PREMIUM OF THE BOND ISSUED. X 22 13355 FAIR MARKET VALUE X 21731 FAIR MARKET VALUE X 5 585 FAIR MARKET VALUE X TICKETS TO EVENTS 17 11227 FAIR MARKET VALUE X GALA SUPPLIES 2 1798 FAIR MARKET VALUE 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE SR. DIRECTOR OF FINANCE, THE EXECUTIVE DIRECTOR, AND THE TREASURER OF THE BOARD OF TRUSTEES REVIEW THE 990, AND IT IS THEN DISTRIBUTED TO THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C FOR EACH PROCUREMENT ABOVE $10,000 MADE BY THE SCHOOL, THE BOARD DISCLOSES ANY POTENTIAL CONFLICTS OF INTEREST. IF A CONFLICT IS DEEMED TO EXIST, SUCH PERSON SHALL NOT (I) VOTE ON, (II) USE HIS OR HER PERSONAL INFLUENCE ON, (III) BE PRESENT DURING ANY BOARD DISCUSSION OR DELIBERATIONS WITH RESPECT TO, OR (IV) BE PRESENT DURING ANY COMMITTEE OR SUBCOMMITTEE DISCUSSION OR DELIBERATION WITH RESPECT TO THE CONTRACT, TRANSACTION, OR PROGRAM (OTHER THAN TO PRESENT FACTUAL INFORMATION OR TO REPSOND TO QUESTIONS PRIOR TO THE DISCUSSION). FORM 990, PART VI, SECTION B, LINE 15 TWO RIVERS CONTRACTS WITH AND PARTICIPATES IN EDFUEL'S COMPENSATION STUDY TO DETERMINE SALARY SCALES FOR THE EXECUTIVE DIRECTOR AND SENIOR STAFF. THE LATEST STUDIES WERE COMPLETED IN 2021 AND 2023. THE DATA FROM THE COMPENSATION STUDY IS PROVIDED TO THE BOARD'S EXECUTIVE TEAM, WHICH DETERMINES THE EXECUTIVE DIRECTOR'S SALARY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: FORGIVENESS OF DEBT 2,703,196. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. TWO RIVERS - YOUNG QALICB LLC 1227 4TH STREET NE WASHINGTON DC 20002 810710603 REAL ESTATE HOLDING CORP DC 378925 0 TWO RIVERS PUBLIC CHARTER SCHOOL INC TWO RIVERS SUPPORTING CORP 1227 4TH STREET NE WASHINGTON DC 20002 810710739 TO ACQUIRE, HOLD, AND MANAGE ASSETS FOR USE BY TWO RIVERS PCS DC 501(C)(3) 509 (A)(3) N/A 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0