2024-05-15T20:39:00-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2022-07-01 202395640 CORPORATION OF THE WASHINGTON LATIN SCHOOL CORP 2022231111 5200 2ND ST NW WASHINGTON DC 20011 PETER ANDERSON HEAD OF SCHOOL 2022231111 2024-05-15 1 PETER ANDERSON 999009999 1 GARRETT M HIGGINS P00543209 9143818900 2024-05-15 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z WASHINGTON LATIN PUBLIC CHARTER SCHOOL PETER ANDERSON 5200 2ND ST NW WASHINGTON DC 20011 25342054 0 X LATINPCS.ORG X 2005 DC TO PROVIDE A RIGOROUS, CLASSICAL EDUCATION TO PUBLIC SCHOOL MIDDLE AND HIGH SCHOOL STUDENTS FROM ACROSS THE DISTRICT OF COLUMBIA. 11 11 242 11 0 0 3149863 5518013 15087226 19700540 2438 94906 16035 28595 18255562 25342054 0 0 0 0 11768159 14230502 0 0 272838 5593603 7664596 17361762 21895098 893800 3446956 33346403 57326074 14842179 34963828 18504224 22362246 X TO PROVIDE A RIGOROUS, CLASSICAL EDUCATION TO PUBLIC SCHOOL MIDDLE AND HIGH SCHOOL STUDENTS FROM ACROSS THE DISTRICT OF COLUMBIA. 0 0 20300400 0 19700540 WASHINGTON LATIN PCS OFFERS A CLASSICAL EDUCATION FOR THE MODERN WORLD AS A SMALL NETWORK OF PUBLIC CHARTER SCHOOLS THAT IS OPEN TO STUDENTS WHO RESIDE IN THE DISTRICT OF COLUMBIA. OUR CURRENT ENROLLMENT IS 741 STUDENTS AT OUR 2ND STREET CAMPUS (GRADES 5-12), AND 285 STUDENTS AT THE ANNA JULIA COOPER CAMPUS (GRADES 5-7) WHICH OPENED IN 2022. WE AIM FOR A DIVERSE AND REPRESENTATIVE STUDENT BODY AND HAVE ENROLLED STUDENTS FROM EACH OF THE EIGHT WARDS IN EACH OF OUR 18 YEARS. ANY STUDENT IN GRADES 5 THROUGH 12 WHO IS EAGER TO LEARN AND WILLING TO WORK FOR AN EXCELLENT EDUCATION WILL FIND OUR PROGRAM REWARDING AND WILL, UPON GRADUATION, BE PREPARED FOR WORK OR COLLEGE.OUR ORGANIZATION'S PRIMARY SOURCES OF SUPPORT ARE LOCAL APPROPRIATIONS FOR PUBLIC SCHOOLS FROM THE DISTRICT OF COLUMBIA AND FEDERAL ENTITLEMENT FUNDING THROUGH THE OFFICE OF THE STATE SUPERINTENDENT OF EDUCATION. IN ADDITION, WE COLLECT STUDENT ACTIVITY FEES. WASHINGTON LATIN ALSO RECEIVES GRANTS AND DONATIONS FROM FOUNDATIONS, CORPORATIONS, AND INDIVIDUALS. CURRICULUM AND INSTRUCTION: INHERENT IN OUR SCHOOL'S DESIGN IS A PURPOSEFUL TENSION BETWEEN THE IDEALS OF THE CLASSICAL APPROACH TO EDUCATION AND THE MINDSET OF THE MODERN TIMES IN WHICH WE LIVE. AS A CLASSICAL SCHOOL, WE ALIGN OURSELVES WITH THE ESTABLISHED WISDOM OF THE ANCIENTS, PARTICULARLY THE CULTURES OF GREECE AND ROME. AT THE SAME TIME, WE STRIVE TO CONVEY THESE LEGACIES IN AN ENVIRONMENT AND CULTURE THAT INCLUDES SOME OF THE BEST OF CONTEMPORARY LIFE: A COMMITMENT TO A DIVERSE STUDENT BODY AND A VARIETY OF PEDAGOGIES. WE USE BOTH THE ANCIENT METHODS OF REPETITION AND SOCRATIC DIALOGUE, AS WELL AS THE CONTEMPORARY INNOVATIONS OF TECHNOLOGY AND COOPERATIVE LEARNING. THIS BALANCE BETWEEN CLASSICAL AND MODERN IS EXPLORED THROUGH A BROAD, LIBERAL ARTS CURRICULUM THAT EXPLORES TRUTH, BEAUTY, AND GOODNESS. THE LIBERAL ARTS OFFER STUDENTS A MULTIFACETED VIEW OF THE WORLD AND ENABLES STUDENTS TO BE GLOBAL CITIZENS. WE ENCOURAGE THEM TO QUESTION THEIR ASSUMPTIONS AND SEE BEYOND THEIR PERSPECTIVE. IT PRODUCES CONFIDENCE, EMPATHY, AND FLEXIBILITY. OUR GOAL IS TO PROMOTE THE DEVELOPMENT OF THE AUTONOMOUS SELF AND ENCOURAGE STUDENTS TO PURSUE THEIR FULLER HUMANITY.WE HAVE A VERY STABLE FACULTY WHO BRING THEIR INSTRUCTIONAL EXPERTISE AND PASSION FOR THEIR SUBJECT MATTER TO THE CLASSROOM. WE ALSO MAINTAIN A COMMITMENT TO SMALL CLASS SIZES SO THAT EVERY TEACHER CAN OFFER PERSONALIZED ATTENTION TO STUDENTS, INCLUDING THOSE WITH SPECIAL NEEDS (DISABILITY, LANGUAGE DIFFERENCE, ETC. DURING THE 2020-21 SCHOOL YEAR, WE INSTITUTED A 1:1 TECHNOLOGY PROGRAM TO ENSURE THAT ALL STUDENTS COULD ACCESS OUR SCHOOL'S CURRICULUM DURING THE COVID PANDEMIC AND DISTANCE LEARNING; THAT PROGRAM CONTINUES AND ENSURES ACCESS TODAY, BOTH IN SCHOOL AND AT HOME. BELOW ARE HIGHLIGHTS OF WASHINGTON LATIN'S RECORD OF ACCOMPLISHMENTS:WASHINGTON LATIN IS IN ITS 18TH YEAR AND HAS SUCCESSFULLY MET THE REQUIREMENTS OF OUR AUTHORIZER, THE DC PUBLIC CHARTER SCHOOL BOARD, WHICH RENEWED OUR CHARTER IN 2022. WE ARE ALSO ACCREDITED BY COGNIA (2023-29).EVERY YEAR SINCE IT OPENED, THE SCHOOL HAS ENROLLED STUDENTS FROM ALL EIGHT WARDS. OUR STUDENT BODY IS DIVERSE, AND OUR RACIAL DEMOGRAPHICS MIRROR THOSE OF THE CITY. WASHINGTON LATIN IS IN HIGH DEMAND; THIS YEAR, MORE THAN 3,700 STUDENTS APPLIED THROUGH THE DC COMMON LOTTERY FOR FEWER THAN 220 AVAILABLE SEATS AT BOTH CAMPUSES.DUE TO THIS EVER-GROWING DEMAND, WE OPENED A SECOND CAMPUS THE ANNA JULIA COOPER CAMPUS - IN AUGUST 2022 FOR 163 STUDENTS IN GRADES 5 AND 6. IN 2023-24, WE ADDED 7TH GRADE AND WILL CONTINUE TO ADD A GRADE EACH YEAR UNTIL REACHING FULL ENROLLMENT 740 STUDENTS IN GRADES 5-12.TOGETHER WITH WASHINGTON YU YING (A PEER DC CHARTER SCHOOL), WASHINGTON LATIN PURCHASED A SCHOOL FACILITY AT 4301 HAREWOOD ROAD IN SEPTEMBER 2022. THIS CAMPUS WILL SERVE AS THE PERMANENT HOME OF OUR COOPER CAMPUS BEGINNING IN THE FALL OF 2025. WE ARE CURRENTLY PLANNING NEW CONSTRUCTION AND RENOVATIONS OF THIS FACILITY, IN PARTNERSHIP WITH YU YING, WHICH WILL SHARE THE SITE WITH OUR COOPER CAMPUS.IN RECENT DC-WIDE STANDARDIZED TESTING (PARCC ASSESSMENT, ADMINISTERED EACH SPRING), WASHINGTON LATIN STUDENTS SCORED AT OR NEAR THE TOP OF BOTH ENGLISH/LANGUAGE ARTS (ELA) AND MATHEMATICS TESTS. IN FACT, OUR ELA SCORES WERE THE HIGHEST OF ANY NON-SELECTIVE DCPS OR PUBLIC CHARTER SCHOOL IN THE DISTRICT.OUR FIRST CLASS GRADUATED IN 2012; THE CLASS OF 2024 WILL BE OUR 13TH GRADUATING CLASS. OUR FIRST TWO GRADUATING CLASSES HAD THE HIGHEST GRADUATION RATES (93% AND 96%) OF ANY NON-SELECTIVE PUBLIC SCHOOL IN THE DISTRICT. THE GRADUATION RATE FOR THE CLASS OF 2023 WAS 96.25%.THE CLASS OF 2023 RECEIVED MORE THAN $23,000,000 IN COLLEGE SCHOLARSHIPS. PAST GRADUATES HAVE WON PRESTIGIOUS AWARDS INCLUDING POSSE SCHOLARSHIPS, CHILDREN'S DEFENSE FUND BEAT THE ODDS SCHOLARSHIPS, GEORGE WASHINGTON UNIVERSITY TRACHTENBERG SCHOLARSHIPS, THE HBCU WEEK X FOSSI STEM SCHOLARSHIP, AND THE HERBERT H. DENTON JR. SCHOLARSHIP. WE HAVE HAD ONE GATES MILLENNIUM SCHOLARSHIP FINALIST.OUR FACULTY IS VERY STABLE, PARTICULARLY IN COMPARISON TO OTHER PUBLIC CHARTER SCHOOLS IN DC AND NATIONALLY. WE HAVE A TOTAL RETENTION RATE OF 85-90% ANNUALLY, AND MORE THAN ONE QUARTER OF OUR FACULTY HAVE BEEN WITH US FOR 10 YEARS OR MORE. WE ARE ESPECIALLY PROUD THAT SO MANY OF OUR OWN GRADUATES HAVE RETURNED TO WORK AT OUR SCHOOLS; 10% OF OUR FACULTY ARE WASHINGTON LATIN ALUMNI. 20300400 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 69 0 242 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X PETER ANDERSON 2022231111 5200 2ND ST NW WASHINGTON DC 20011 CHRISTOPHER B WILKINSON PRESIDENT 3.00 X X 0 0 0 KENNETH MERRITT VICE PRESIDENT 3.00 X X 0 0 0 ELIZABETH PAISNER TREASURER 3.00 X X 0 0 0 BRENDAN WILLIAMS-KIEF SECRETARY 3.00 X X 0 0 0 LAURIE BALLENGER GOVERNOR 3.00 X 0 0 0 BARRY CALDWELL GOVERNOR 3.00 X 0 0 0 ALYSE GRAHAM GOVERNOR 3.00 X 0 0 0 PRIYA JAYACHANDRAN GOVERNOR 3.00 X 0 0 0 CARL MCFADGION GOVERNOR 3.00 X 0 0 0 JOSIAH OSGOOD GOVERNOR 3.00 X 0 0 0 LISA RUCKER GOVERNOR 3.00 X 0 0 0 PETER ANDERSON HEAD OF SCHOOL 40.00 X 178461 0 14125 GEOVANNA IZURIETA CHIEF FINANCIAL OFFICER (EFF. FEB 2023) 40.00 X 0 0 0 JAMES KELLY PRINCIPAL 40.00 X 119144 0 10953 CATHERINE CROMWELL DIRECTOR OF COMMUNICATIONS 40.00 X 109623 0 5735 CYNTHIA A DAVIS DIRECTOR OF DEVELOPMENT 40.00 X 107762 0 16998 BABA T ELEBY EL BUSINESS MANAGER 40.00 X 102626 0 11257 MARTITA FLEMING DIRECTOR OF OPERATIONS 40.00 X 101450 0 23122 719066 0 82190 12 0 1 0 BB&T COMMUNITY HOLDINGS CO 200 WEST SECOND STREET WINSTONSALEM NC 27101 FINANCIAL SERVICES 504128 EDOPS 1611 CONNECTICUT AVENUE NW WASHINGTON DC 20009 HR & ACCOUNTING 308781 LATIN JANITORIAL SERVICES 518 ONEIDA PLACE NW WASHINGTON DC 20011 JANITORIAL SERVICES 243798 TRANSCEND EDUCATION PO BOX 83332 WBURN MA 018133332 CONSULTING SERVICES 217716 VENPOR INVESTMENTS LLC 985 3RD STREET OAKLAND CA 94607 STUDENT TRANSPORTATION 183151 8 3139178 2378835 5518013 GOV'T PER-PUPIL REV. 611710 15648253 15648253 GOV'T PER-PUPIL - FACILITIES 611710 3221421 3221421 STUDENT ACTIVITY FEES 611710 830866 830866 19700540 94906 94906 425 0 425 425 425 SCHOOL EVENTS 900099 26557 26557 MISCELLANEOUS REVENUE 900099 1613 1613 28170 25342054 19700540 0 123501 254550 88278 128089 38183 11584484 11168194 317143 99147 259002 250478 6580 1944 1139165 1088204 39027 11934 993301 945123 36832 11346 34570 34570 286521 286521 852432 585124 265031 2277 365974 327776 34553 3645 94032 90059 2820 1153 2104264 2009589 68983 25692 510882 510681 201 176863 111084 4639 61140 1172675 1123156 35159 14360 65966 9194 56772 STUDENT SERVICES 607335 607335 CLASSROOM SUPPLIES 467722 467722 PROF. DEVELOPMENT 401048 401048 FOOD SERVICES 254760 254760 269552 262595 4940 2017 21895098 20300400 1321860 272838 11096187 7046256 5027251 6749558 788324 764453 973716 852808 2810 0 243867 184964 47341979 9405916 13777954 37936063 1436294 3791972 33346403 57326074 1507599 2178058 10265 141239 12722026 12254219 504646 18072808 97643 2317504 14842179 34963828 X 16147476 19585339 2356748 2776907 18504224 22362246 33346403 57326074 X 3446956 371275 39791 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5500000 5500000 17072148 17072148 20283428 7989084 12294344 1941258 1416832 524426 2545145 2545145 37936063 RIGHT OF USE ASSETS 2045820 INTEREST RATE SWAP 1578713 DEPOSITS 167439 3791972 LEASE LIABILITIES 2317504 2317504 X 25766247 371275 5355 135459 512089 25254158 87896 87896 25342054 21908225 5355 7772 13127 21895098 0 21895098 PART X, LINE 2: THE CHARTER SCHOOL RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CHARTER SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE CHARTER SCHOOL IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR THE YEARS PRIOR TO JUNE 30, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON IMPLEMENTATION OF ASC 842 135,459. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE AND DISPOSAL OF PROPERTY & EQUIPMENT 87,896. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 7,772. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 AS A PUBLIC SCHOOL, SUBJECT TO OPEN ENROLLMENT, THE CHARTER SCHOOL IS NOT SUBJECT TO THE SPECIFIC GUIDELINES SET FORTH IN REV. PROC. 75-50 AND AS MODIFIED BY REV. PROC. 2019-22. SCHEDULE E, PART I, LINE 4 (B) THE SCHOOL IS A FREE PUBLIC SCHOOL AND DOES NOT AWARD SCHOLARSHIPS OR FINANCIAL ASSISTANCE. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES PER-PUPIL FUNDING FROM THE DC STATE BOARD OF EDUCATION UNDER THEIR CHARTER AGREEMENT. THE SCHOOL ALSO RECEIVES VARIOUS FEDERAL, STATE AND CITY FUNDS INCLUDING FEDERAL ENTITLEMENTS TO ASSIST WITH COVERING THE COST OF CERTAIN PROGRAMS. ADDITIONALLY, THE SCHOOL RECEIVED THE EMPLOYEE RETENTION CREDIT. X X X 0 0 0 0 0 0 0 0 0 PETER ANDERSON HEAD OF SCHOOL 178461 0 0 0 0 0 7117 0 7008 0 192586 0 0 0 A DISTRICT OF COLUMBIA REVENUE BOND SERIES 2020 536001131 000000000 2020-04-09 14500000 REFINANCE LOANS 0 0 0 A 1448815 14500000 290000 400237 13809763 2017 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 1 TRUIST BANK 10.000000000000 0 0 0 0 1 A 1 SCHEDULE K, PART I, DISTRICT OF COLUMBIA: ON APRIL 9, 2020, THE DISTRICT OF COLUMBIA ISSUED AND SOLD REVENUE BONDS (WASHINGTON LATIN PUBLIC CHARTER SCHOOL PROJECT, SERIES 2020) TOTALING $14,500,000 TO TRUIST BANK, THE PROCEEDS OF WHICH WERE LOANED TO THE CHARTER SCHOOL FOR THE PURPOSE OF REFINANCING ALL EXISTING DEBT RELATED TO RENOVATING THE SCHOOL BUILDING LOCATED AT 5200 2ND STREET, NW, WASHINGTON, DC. THE PROCEEDS WERE USED TO EXTINGUISH THE TYPE A AND TYPE B QALICB LOANS FROM THE CDES AND A LOAN FROM BANK OF AMERICA IN THE TOTAL AMOUNT OF $13,809,779 AS WELL AS $290,000 OF THE CLOSING COSTS. IN ADDITION, A NET AMOUNT OF CASH IN THE AMOUNT OF $400,237 WAS TRANSFERRED TO THE CHARTER SCHOOL, WHICH WAS FOR REIMBURSEMENT OF QUALIFYING IMPROVEMENT COSTS. THE NOTE MATURES ON APRIL 1, 2050, AND IS CALLABLE BY TRUIST BANK ON APRIL 1, 2030. INTEREST AND PRINCIPAL PAYMENTS ARE MADE ON A MONTHLY BASIS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE ACCOUNTING STAFF AND CHIEF FINANCIAL OFFICER REVIEW THE FORM 990. ONCE REVIEWED, THE FORM 990 IS FORWARDED TO THE FINANCE COMMITTEE AND THE AUDIT COMMITTEE FOR REVIEW AND THEY RECOMMEND IT TO THE FULL BOARD OF GOVERNORS FOR APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS CONSTANTLY MONITORED BY ADMINISTRATION PERSONNEL AND THE BOARD OF DIRECTORS THROUGH REVIEW AND APPROVAL PROCEDURES. OFFICERS, DIRECTORS, AND KEY EMPLOYEES (IF ANY) ARE EXPECTED TO DECLARE IF AT ANY POINT A CONFLICT OF INTEREST ARISES. IF A POTENTIAL CONFLICT WERE TO ARISE, THE INTERESTED PERSON MUST LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE GOVERNING BOARD'S DECISION AS TO WHETHER A POTENTIAL CONFLICT OF INTEREST EXISTS IS DOCUMENTED IN THE MINUTES OF THE BOARD. ANNUALLY, BOARD MEMBERS AND STAFF COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS OR CIRCUMSTANCES WHICH THE BOARD OF GOVERNORS OR STAFF MEMBER BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S SALARY IS SET FORTH IN AN EMPLOYMENT CONTRACT, WHICH WAS NEGOTIATED BY THE BOARD PRESIDENT AT THE TIME THE HEAD OF SCHOOL WAS HIRED. A COMMITTEE OF THE BOARD REVIEWED AND APPROVED THE COMPENSATION USING BENCHMARK SALARY AND BENEFITS DATA PROVIDED BY CONSULTANTS. THE PROCESS WAS DOCUMENTED IN THE BOARD MINUTES. THE PROCESS FOR DETERMINING COMPENSATION FOR TOP OFFICIALS AND OTHER OFFICERS WAS APPROVED BY THE BOARD IN 2023. THE BOARD APPROVED A SALARY FRAMEWORK RECOMMENDED BY A THIRD PARTY COMPENSATION CONSULTANT AFTER CONDUCTING A COMPENSATION STUDY ON SALARIES FROM OTHER COMPARABLE CHARTER SCHOOLS. WITHIN THIS FRAMEWORK, THE HEAD OF SCHOOL DETERMINES THE SALARY OF TOP KEY OFFICIALS AND OFFICERS UNDER HIS SUPERVISION. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE FORWARDED TO THE DISTRICT OF COLUMBIA PUBLIC CHARTER SCHOOL BOARD, WHICH PROVIDES OVERSIGHT AND DISTRIBUTION OF RELEVANT INFORMATION TO THE PUBLIC. THE FORM 990 IS MADE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND UPON REQUEST. IN ADDITION, THE 990 INFORMATION TAX RETURN IS AVAILABLE FOR PUBLIC INSPECTION ON GUIDESTAR. FORM 990, PART XI, LINE 9: LOSS ON SALE & DISPOSAL OF EQUIPMENT -87,896. WRITE OFF OF UNCOLLECTIBLE PLEDGES -7,772. GAIN ON IMPLEMENTATION OF ASC 842 135,459. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.