2023-05-15T17:38:10-05:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2021-07-01 821301171 DEMOCRACY PREP AT THE AGASSI CAMPUS DEMO 7023152410 1201 W LAKE MEAD BLVD LAS VEGAS NV 89106 CHAUNCEY NASH EXECUTIVE DIRECTOR 7023152410 2023-05-11 1 CHAUNCEY NASH 999009999 DERRICK DEBRUYNE P00591016 6268577300 2023-05-10 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z CHAUNCEY NASH 1201 W LAKE MEAD BLVD LAS VEGAS NV 89106 11971113 0 X WWW.DPAC.DEMOCRACYPREP.ORG X 2017 NV TO EDUCATE RESPONSIBLE CITIZEN-SCHOLARS FOR SUCCESS IN THE COLLEGE OF THEIR CHOICE AND A LIFE OF ACTIVE CITIZENSHIP. 9 9 83 9 0 0 10390884 11953923 0 0 0 0 33316 17190 10424200 11971113 0 0 0 0 5319401 8437614 0 0 0 4168085 5247748 9487486 13685362 936714 -1714249 4386576 8788299 2055530 8171502 2331046 616797 DPAC SEEKS TO EDUCATE RESPONSIBLE CITIZEN-SCHOLARS FOR SUCCESS IN THE COLLEGE OF THEIR CHOICE AND A LIFE OF ACTIVE CITIZENSHIP. 0 0 9795878 17190 FUSING A RIGOROUS INSTRUCTIONAL PROGRAM WITH A FULL COMPLEMENT OF ARTS AND ATHLETICS OFFERINGS, DPAC AIMS TO BE THE HIGHEST PERFORMING PUBLIC SCHOOL CHOICE FOR FAMILIES IN LAS VEGAS. 9795878 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 38 0 1 83 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X JACKIE WHITE 7023152410 1201 W LAKE MEAD BLVD LAS VEGAS NV 89106 DR JOSEPH MORGAN CHAIRMAN 1.00 X X 0 0 0 SHARONNA SHELTON VICE CHAIR 1.00 X X 0 0 0 VICTORIA CARREON TREASURER 1.00 X X 0 0 0 LINDA JONES EASTON MEMBER 1.00 X 0 0 0 ARTURO LINAN MARTINEZ MEMBER 1.00 X 0 0 0 COURTNEY MOORE MEMBER 1.00 X 0 0 0 DR TARA RAINES MEMBER 1.00 X 0 0 0 JOHNNY REED MEMBER 1.00 X 0 0 0 DR NANCY BRUNE MEMBER 1.00 X 0 0 0 ADAM JOHNSON EXECUTIVE DIRECTOR 40.00 X 122546 0 2726 122546 0 2726 1 0 0 0 PROCARE THERAPY 200 W BALTIMORE ST BALTIMORE MD 21201 SPECIAL EDUCATION SERVICES 279285 FUTURES EDUCATION LLC 48 ABBY ROAD RANCHO MIRAGE CA 92270 PSYCHOLOGIST SERVICES 157353 GREENBERG TRAURIG LLP 10845 GRIFFITH PEAK DRIVE LAS VEGAS NV 89135 LEGAL SERVICES 116403 3 8028563 3925360 11953923 10258 0 10258 10258 10258 STUDENT ACTIVITIES 900099 6932 6932 6932 11971113 17190 0 0 142652 116975 25677 5776553 4799041 977512 1914520 1564377 350143 452669 369894 82775 151220 123568 27652 1309103 1309103 53121 53121 771303 283609 487694 29855 29855 100051 100051 954917 954917 28738 28738 211358 211358 167171 167171 OTHER EXPENSES 972528 833843 138685 INSTRUCTIONAL MATERIALS 649603 649603 0 13685362 9795878 3889484 0 615518 424942 73446 730435 23001 40881 881771 558257 335135 323514 3339476 7268527 4386576 8788299 1442188 1610462 3412206 613342 3148834 2055530 8171502 X 2331046 463123 153674 2331046 616797 4386576 8788299 -1714249 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 881771 558257 323514 323514 DUE FROM RELATED PARTIES 849644 DEFERRED OUTFLOWS - PENSIONS 6410383 SECURITY DEPOSIT 8500 7268527 DUE TO RELATED PARTIES 372162 DEFERRED INFLOWS - PENSIONS 2776672 3148834 13549503 1578390 1578390 11971113 0 11971113 15263752 1578390 1578390 13685362 0 13685362 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 0 SCHEDULE E, PART I, LINE 3 AS A PUBLIC SCHOOL, SUBJECT TO OPEN ENROLLMENT, THE CHARTER SCHOOL IS NOT SUBJECT TO THE SPECIFIED GUIDELINES SET FORTH IN REV. PROC. 75-50. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES PER-PUPIL FUNDING FROM THE NEVADA DEPARTMENT OF EDUCATION UNDER THEIR CHARTER AGREEMENT. THE SCHOOL ALSO RECEIVES VARIOUS FEDERAL, STATE, AND CITY FUNDING INCLUDING ENTITLEMENTS TO ASSIST WITH COVERING THE COST OF CERTAIN PROGRAMS. SCHEDULE E, PART I, LINE 7 AS A PUBLIC SCHOOL, SUBJECT TO OPEN ENROLLMENT, THE CHARTER SCHOOL IS NOT SUBJECT TO THE SPECIFIED GUIDELINES SET FORTH IN REV. PROC. 75-50. FORM 990, PART VI, SECTION A, LINE 3 EFFECTIVE JULY 1, 2017, THE DEMOCRACY PREP AGASSI CAMPUS ENTERED INTO A MANAGEMENT AGREEMENT WITH DEMOCRACY PREP PUBLIC SCHOOLS ("DPPS") AND DEMOCRACY PREP NEVADA ("DPN") TO SUPPORT THE SCHOOL'S EDUCATIONAL PROCESS, MANAGEMENT AND OPERATIONS. AS COMPENSATION TO DPPS FOR THESE SERVICES RENDERED, THE SCHOOL SHALL PAY TO DPPS AN ANNUAL FEE EQUAL TO 15% OF THE SCHOOL'S NON-COMPETITIVE PUBLIC REVENUE IN THE INITIAL TERM OF ONE YEAR. THE PERCENTAGE WILL DECREASE BY ONE-HALF PERCENT (0.5%) IN EACH RENEWAL TERM UNTIL IT REACHES A MINIMUM OF 12% OF THE NON-COMPETITIVE PUBLIC REVENUE OF THE SCHOOL AND WILL REMAIN IN EFFECT FOR ALL SUBSEQUENT RENEWAL TERMS. FOLLOWING THE INITIAL TERM, THE AGREEMENT WILL AUTOMATICALLY EXTEND FOR SUCCESSIVE ONE-YEAR PERIODS UNLESS TERMINATED BY EITHER PARTY. THE AGREEMENT INCLUDES A PROVISION WHICH STATES THAT IN THE EVENT DPAC INCURS AS OPERATING DEFICIT DUE TO MANAGEMENT FEES CHARGED, THE MANAGEMENT FEES WILL BE REDUCED TO AN AMOUNT THAT WOULD RESULT IN A ZERO CHANGE IN FUND BALANCE/NET POSITION. FORM 990, PART VI, SECTION A, LINE 7A DEMOCRACY PREP NEVADA LLC, A WHOLLY OWNED SUBSIDIARY OF DEMOCRACY PREP PUBLIC SCHOOLS, HAS THE AUTHORITY TO ELECT THE BOARD OF DIRECTORS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING CORPORATE EVENTS SHALL BE APPROVED BY DEMOCRACY PREP NEVADA LLC: (A) AMENDMENTS TO THE ARTICLES OF INCORPORATION; (B) AMENDMENTS TO THE BYLAWS; (C) SALE OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE CORPORATIOJN; (D) ANY MERGERS, CONSOLIDATIONS, CONVERSION OR DOMESTICATION OF THE CORPORATION; OR (E) DISSOLUTION OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS REVIEWED BY MANAGEMENT AND DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND OFFICERS ARE REQUIRED TO DISCLOSE THE EXISTENCE OF ANY CONFLICTS OF INTEREST ON AN ANNUAL BASIS. BEFORE BOARD OR COMMITTEE ACTION ON A CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST, A DIRECTOR OR COMMITTEE MEMBER HAVING A CONFLICT OF INTEREST AND WHO IS IN ATTENDANCE AT THE MEETING SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. SUCH DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT WILL BE VOTED ON AT A MEETING SHALL NOT BE COUNTED IN DETERMING THE PRESENCE OF A QUORUM FOR PURPOSES OF THE VOTE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICTS OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST AT 1201 W. LAKE MEAD BLVD., LAS VEGAS, NV 89106, OR BY CALLING THE ORGANIZATION DIRECTLY AT (702)-316-2410. FORM 990. PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED OVERSIGHT PROCESS FROM THE PREVIOUS YEAR. DEMOCRACY PREP PUBLIC SCHOOLS 1767 PARK AVENUE 4TH FLOOR NEW YORK NY 10035 202629354 MANAGEMENT NY 501(C)3 LINE 7 N/A 0 DEMOCRACY PREP NEVADA LLC 1201 W LAKE MEAD BLVD LAS VEGAS NV 89106 320520597 MANAGEMENT NV 501(C)3 LINE 7 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 DEMOCRACY PREP PUBLIC SCHOOLS M 1309103