2024-05-14T20:44:50-05:00 2023-06-30 420714325 RSM US LLP 919 EAST MAIN STREET SUITE 1800 RICHMOND VA 23219 990 2022-07-01 522099612 THE SEED PUBLIC CHARTER SCHOOL OF WASHINGTON DC SEED 2022487773 4300 C STREET SW WASHINGTON DC 20019 GERARDO A LUNA NETWORK CFO 2022487773 2024-05-14 1 GERARDO LUNA XXX-XX-XXXX 1 MEREDITH BELL P01696827 8042822121 2024-05-13 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROSEYN HOOD 4300 C STREET SW WASHINGTON DC 20019 16827126 0 X WWW.SEEDSCHOOLDC.ORG X 1998 DC THE SEED PUBLIC CHARTER SCHOOL OF WASHINGTON, DC IS A PUBLIC COLLEGE-PREPARATORY BOARDING SCHOOL WHOSE PRIMARY MISSION IS TO PROVIDE AN OUTSTANDING INTENSIVE EDUCATIONAL PROGRAM THAT PREPARES CHILDREN, BOTH ACADEMICALLY AND SOCIALLY, FOR SUCCESS IN COLLEGE. 11 10 158 10 0 0 1835228 1753914 12454267 14904354 238072 138949 153540 29909 14681107 16827126 0 0 0 0 8103340 9985544 0 0 5164 5805905 6209472 13909245 16195016 771862 632110 22822339 23546460 1332608 1340599 21489731 22205861 THE SEED PUBLIC CHARTER SCHOOL OF WASHINGTON, DC IS A PUBLIC COLLEGE-PREPARATORY BOARDING SCHOOL WHOSE PRIMARY MISSION IS TO PROVIDE AN OUTSTANDING INTENSIVE EDUCATIONAL PROGRAM THAT PREPARES CHILDREN, BOTH ACADEMICALLY AND SOCIALLY, FOR SUCCESS IN COLLEGE. 0 0 12916413 0 14904354 PROVIDE OUTSTANDING INTENSIVE RESIDENTIAL EDUCATION PROGRAM THAT PREPARES CHILDREN, BOTH ACADEMICALLY AND SOCIALLY, FOR SUCCESS IN COLLEGE. 12916413 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 52 0 1 158 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 DC X X GERARDO A LUNA 2022487773 4300 C STREET SW WASHINGTON DC 20019 DESA SEALY CHAIRMAN 2.00 2.00 X X 0 0 0 HUCK O'CONNER FINANCE CHAIR 1.00 0.00 X 0 0 0 DAVID STEINBERG DEVELOPMENT COMMITTEE CHAIR 1.00 0.00 X 0 0 0 RAJIV VINNAKOTA CO-FOUNDER 1.00 2.00 X 0 0 0 ROBIN CHAIT BOARD MEMBER 1.00 0.00 X 0 0 0 HOLLY GRAY BOARD MEMBER 1.00 0.00 X 0 0 0 LESLEY POOLE TRUSTEE/ CEO SEED FND 1.00 42.00 X 0 294635 28467 ERIC VINSON BOARD MEMBER 1.00 0.00 X 0 0 0 ANGELITA BUCKMAN PARENT TRUSTEE 1.00 0.00 X 0 0 0 ERIKKA CARTER PARENT TRUSTEE 1.00 0.00 X 0 0 0 TRAMEECE JEFFERIES PARENT TRUSTEE 1.00 0.00 X 0 0 0 BRIAN RAHAMAN HEAD OF SCHOOL UNTIL 4/2023 40.00 0.00 X 214098 0 15748 CHRISTOPHER ROOKS INTERIM HOS, DIR. STUDENT LIFE 40.00 0.00 X 126000 0 3780 RASHIDA HOLMAN-JONES DIR. FAMILY & COMMUNITY LIFE 40.00 0.00 X 101232 0 3911 SHERITA WALLACE DIR. STUDENT SUPPORT UNTIL 12/2022 40.00 0.00 X 115242 0 14892 556572 294635 66798 4 0 1 0 THE SEED FOUNDATION 1730 RHODE ISLAND AVE NW STE 1102 WASHINGTON DC 20036 MANAGEMENT FEE 1017937 MERIWETHER GODSEY 4944 OLD BOOSBORO ROAD LYNCHBURG VA 24503 FOOD SERVICES (CAFETERIA) 986808 BOLONA CAPITAL ENTERPRISE INC 4645 NANNIE HELEN BURR 206 WASHINGTON DC 20019 CUSTODIAL 346325 A & D SECURITY 10705 ALYSSA LANE WALDORF MD 20603 SECURITY SERVICES 221734 DC PUBLIC CHARTER SCHOOL BOARD 3333 14TH ST NW 210 WASHINGTON DC 20010 ADMINISTRATIVE FEES 139451 5 1734625 19289 1753914 PUPIL ALLOCATIONS 900099 14904354 14904354 14904354 138949 138949 2629 0 2629 2629 OTHER INCOME 900099 27280 27280 27280 16827126 14904354 0 168858 480805 480805 7520837 6613692 907145 128664 114308 14356 1286020 967658 318312 50 569218 471520 97698 819037 106912 712125 32377 32377 160221 160221 104289 94538 9700 51 304405 248250 52247 3908 1349938 1118240 231698 71353 71353 20411 20411 1180470 977858 202612 171512 171512 STUDENT FOOD SERVICES 1112920 1112920 STUDENT EXPENSE 587496 586341 1155 OTHER GENERAL EXPENSES 295043 261311 33732 16195016 12916413 3273439 5164 4421954 5267964 1587716 1588652 1071043 1384348 222603 226395 141872 171492 34411436 21397013 13967987 13014423 1402972 1625006 6192 268180 22822339 23546460 570065 1043149 725000 0 37543 297450 1332608 1340599 X 20562960 21301978 926771 903883 21489731 22205861 22822339 23546460 632110 84020 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 100000 194 194 100000 100000 180 180 100000 100000 181 181 100000 100000 426 426 100000 101000 750 1750 100000 1.00000 0 0 26469209 14468006 12001203 3103245 2795847 307398 4838982 4133160 705822 13014423 DUE TO THE SEED FOUNDATION, INC. 35462 LEASE LIABILITIES 261988 297450 X 16911146 84020 84020 16827126 0 16827126 16195016 0 16195016 0 16195016 PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS ARE RESTRICTED TO INVESTMENT IN PERPETUITY. INVESTMENT INCOME IS RESTRICTED FOR OTTAWAY SCHOLARSHIP. PART X, LINE 2: THE SCHOOL IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION. UNDER SECTION 501(C)(3) OF THE IRC, THE SCHOOL IS EXEMPT FROM FEDERAL TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. THE SCHOOL DID NOT HAVE ANY NET UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. THE SCHOOL FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE SCHOOL MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, BASED UPON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAS TAKEN NO UNCERTAIN POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL SHALL ADMIT STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN. IT WILL NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL AND ETHNIC ORIGIN IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSIONS, OR ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS. SCHEDULE E, PART I, LINE 6 THE SEED PUBLIC CHARTER SCHOOL OF WASHINGTON, DC WAS ORGANIZED FOR THE PURPOSE OF OPERATING A PUBLIC CHARTER SCHOOL FOR EDUCATIONALLY UNDERSERVED CHILDREN RESIDING IN WASHINGTON, D.C. THE SEED PUBLIC CHARTER SCHOOL OF WASHINGTON, DC RECEIVES A STUDENT ALLOCATION FROM THE DISTRICT OF COLUMBIA TO COVER THE COST OF ACADEMIC AND FACILITIES EXPENSES. THE SCHOOL ALSO RECEIVES FEDERAL TITLE GRANTS ADMINISTERED BY THE STATE EDUCATION AGENCY TO HELP COVER ADDITIONAL COSTS FOR SERVING UNDERSERVED STUDENTS. X X X 0 0 0 0 0 0 0 0 0 LESLEY POOLE TRUSTEE/ CEO SEED FND 0 269571 0 23000 0 2064 0 15094 0 17333 0 327062 0 0 BRIAN RAHAMAN HEAD OF SCHOOL UNTIL 4/2023 214098 0 0 0 0 0 6446 0 10197 0 230741 0 0 0 PART I, LINE 3 THE BOARD OF DIRECTORS SETS THE COMPENSATION OF THE HEAD OF SCHOOL VIA A COMPENSATION STUDY ALONG WITH REVIEW OF 990'S OF SIMILAR ORGANIZATION IN THE AREA. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO THE FILING OF THE FORM 990 THE CHAIRMAN OF THE FINANCE COMMITTEE ALONG WITH MEMBERS OF THE FINANCE COMMITTEE WILL REVIEW THE TAX RETURN VIA ELECTRONIC FORM OR PAPER COPY. SENIOR MANAGEMENT WILL WAIT ON THE RESPONSE OF THE CHAIRMAN OF THE FINANCE COMMITTEE ONCE THE REVIEW IS COMPLETED. A COPY OF THE FORM 990 WILL BE PROVIDED TO THE COMPLETE ENTIRE VOTING BOARD OF DIRECTORS PRIOR TO THE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES OF THE SEED SCHOOL OF WASHINGTON, D.C. ("SCHOOL") HAVE ADOPTED THE FOLLOWING POLICY TO ASSURE THAT ALL DELIBERATIONS AND ACTIONS OF THE BOARDS AND OFFICERS ARE UNDERTAKEN IN A MANNER THAT IS FREE OF CONFLICTS OF INTERESTS AND THE APPEARANCE OF CONFLICTS OF INTEREST SO THAT TRUSTEES AND OFFICERS CAN ACT IN A MANNER THAT IS IN THE BEST INTERESTS OF THE SCHOOL, THE SCHOOL'S PARENT AND/OR ANY SEED SPONSORED ENTITY. THIS POLICY IS INTENDED TO SUPPLEMENT BUT NOT REPLACE ANY STATE LAWS APPLICABLE TO NONPROFIT CORPORATIONS. THE POLICY SET FORTH IN THIS STATEMENT IS APPLICABLE TO ALL MEMBERS OF THE SCHOOL BOARD, MEMBERS OF COMMITTEES WITH BOARD-DELEGATED POWERS, AND ALL OFFICERS OF THE SCHOOL DURING THE PERIOD THAT THEY SERVE IN SUCH CAPACITY AND FOR A PERIOD OF ONE YEAR THEREAFTER ("COVERED PERSONS"). EACH COVERED PERSON HAS A DUTY TO PLACE THE INTERESTS OF THE SCHOOL, SCHOOL'S PARENT OR ANY SEED SPONSORED ENTITY FOREMOST IN ANY DELIBERATIONS, DECISIONS OR TRANSACTIONS INVOLVING THE SCHOOL. IF A COVERED PERSON, OR HIS OR HER FAMILY, HAS A CONFLICT OF INTEREST OR A POTENTIAL CONFLICT OF INTEREST WITH RESPECT TO A PARTICULAR TRANSACTION OR ON AN ONGOING BASIS, THE COVERED PERSON HAS A DUTY TO DISCLOSE THE CONFLICT OR POTENTIAL CONFLICT OF INTEREST. A COVERED PERSON BELIEVES THAT HE OR SHE MAY HAVE A CONFLICT OF INTEREST WITH RESPECT TO ANY PARTICULAR TRANSACTION OR ON AN ONGOING BASIS, HE OR SHE SHALL PROMPTLY AND FULLY DISCLOSE THE POTENTIAL CONFLICT TO THE CHAIR OF THE BOARD OF TRUSTEES AND THE HEAD OF SCHOOL. THE CHAIR AND HEAD OF SCHOOL SHALL DETERMINE WHETHER THERE IS IN FACT A CONFLICT OR APPEARANCE OF A CONFLICT WITH RESPECT TO A COVERED PERSON. IN DETERMINING WHETHER THERE IS A CONFLICT OR APPEARANCE OF A CONFLICT, IT IS INTENDED THAT THE CHAIR AND HEAD OF SCHOOL WILL EXERCISE THEIR BEST JUDGMENT AND, IN CASE OF DOUBT, WILL ERR ON THE SIDE OF PROTECTING THE SCHOOL FROM ANY CONFLICT OR APPEARANCE OF CONFLICT. EACH COVERED PERSON SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: 1.HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY; 2.HAS READ AND UNDERSTANDS THE POLICY; 3.HAS AGREED TO COMPLY WITH THE POLICY; AND 4.UNDERSTANDS THAT THE SCHOOL IS A CHARITABLE ORGANIZATIONS AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15A THE HEAD OF SCHOOL WAS HIRED FOLLOWING A SIX MONTH SEARCH LED BY AN EXECUTIVE RECRUITING FIRM. HIRING DECISION AND COMPENSATION DECISIONS WERE MADE BY A SPECIAL COMMITTEE OF THE BOARD OF TRUSTEES THAT WAS SUPPORTED BY THE CHIEF OPERATING OFFICER OF THE SEED FOUNDATION (RELATED ENTITY) AND THE EXECUTIVE RECRUITING FIRM. INITIAL SALARY LEVEL FOR THE POSITION WAS DETERMINED BASED ON THE SALARIES OF PRIOR HEADS OF SCHOOL AS WELL AS BASED ON THE CANDIDATE EXPERIENCE. OTHER COMPENSATION WAS CONSISTENT WITH EXISTING SCHOOL BENEFITS PACKAGES. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). THE SEED FOUNDATION INC 1730 RHODE ISLAND AVE SUITE 713 WASHINGTON DC 20036 541850819 DEVELOP INNOVATIVE EDUCATIONAL OPPORTUNITIES DC 501(C)(3) LINE 7 N/A 0 THE SEED SCHOOL OF MARYLAND 200 FONT HILL AVENUE BALTIMORE MD 212232703 061818759 BOARDING SCHOOL MD 501(C)(3) LINE 2 THE SEED FOUNDATION INC 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0