APPLE TREE EARLY LEARNING PUBLIC CHARTER SCHOOL: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- APPLE TREE EARLY LEARNING PUBLIC CHARTER SCHOOL (EIN 20-1302458)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-05-13
- IRS object ID
- 202521339349309332
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule J
- Schedule K
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-13T20:26:30-04:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 462108854 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KENDALL PREBOLA AND JONES LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 259 | AddressLine1Txt |
| City | BEDFORD | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 155220259 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 201302458 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | APPLETREE EARLY LEARNING PUBLIC | BusinessNameLine1Txt |
| Business Name Line2 | CHARTER SCHOOL | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | APPL | BusinessNameControlTxt |
| Phone | 2025261503 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1801 MISSISSIPPI AVE SE | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20020 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MAYANK POLAD - CHIEF | PersonNm |
| Person Title | FINANCIAL OFFICER | PersonTitleTxt |
| Phone | 2024883990 | PhoneNum |
| Signature | 2025-05-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | RICHARD M JONES CPA | PreparerPersonNm |
| PTIN | P00621721 | PTIN |
| Phone | 8146231880 | PhoneNum |
| Preparation | 2025-05-13 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | WILLIAM J MCCARTHY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1801 MISSISSIPPI AVE SE | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20020 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $18,516,747 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.APPLETREEINSTITUTE.ORG/SCHOOL | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2004 | FormationYr |
| Legal Domicile State | DC | LegalDomicileStateCd |
| Activity Or Mission | THE MISSION OF APPLETREE EARLY LEARNING PUBLIC CHARTER SCHOOL IS TO PROVIDE YOUNG CHILDREN WITH THE SOCIAL, EMOTIONAL, AND COGNITIVE FOUNDATIONS THAT WILL ENABLE THEM TO SUCCEED IN SCHOOL | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 222 | TotalEmployeeCnt |
| Total Volunteers | 10 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $2,462,972 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,556,843 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $12,117,651 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $15,598,623 | CYProgramServiceRevenueAmt |
| PY Investment Income | $297,837 | PYInvestmentIncomeAmt |
| CY Investment Income | $361,281 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $14,878,460 | PYTotalRevenueAmt |
| CY Total Revenue | $18,516,747 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $9,380,086 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $12,313,929 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $19,596 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $4,771,220 | PYOtherExpensesAmt |
| CY Other Expenses | $6,442,430 | CYOtherExpensesAmt |
| PY Total Expenses | $14,151,306 | PYTotalExpensesAmt |
| CY Total Expenses | $18,756,359 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $727,154 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$239,612 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $23,001,056 | TotalAssetsBOYAmt |
| Total Assets EOY | $30,466,982 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $10,055,914 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $17,917,488 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $12,945,142 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $12,549,494 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MISSION OF APPLETREE EARLY LEARNING PUBLIC CHARTER SCHOOL IS TO PROVIDE YOUNG CHILDREN WITH THE SOCIAL, EMOTIONAL, AND COGNITIVE FOUNDATIONS THAT WILL ENABLE THEM TO SUCCEED IN SCHOOL | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $16,656,137 | ExpenseAmt |
| Revenue | $15,598,623 | RevenueAmt |
| Desc | THE CHARTER SCHOOL IS OPEN TO ANY WASHINGTON, DC, CHILD IN PRE-SCHOOL AND PRE-KINDERGARTEN AND ADMISSION IS FREE. THE CHARTER SCHOOL CURRENTLY SERVES 576 CHILDREN AT SEVEN PUBLIC CHARTER PRESCHOOL CAMPUSES ACROSS THE DISTRICT. IN 2020, THE CHARTER SCHOOL SUCCESSFULLY CONCLUDED ITS FIFTEEN- YEAR CHARTER REVIEW WITH ITS AUTHORIZER, THE DC PUBLIC CHARTER SCHOOL BOARD, AND RECEIVED A CHARTER RENEWAL FOR AN ADDITIONAL FIFTEEN YEARS. THE CHARTER SCHOOL UTILIZES THE COMPREHENSIVE AND EVIDENCE-BASED EVERY CHILD READY INSTRUCTIONAL MODEL THAT WAS DEVELOPED BY APPLETREE INSTITUTE FOR EDUCATION INNOVATION WITH THE ASSISTANCE OF AN INVESTING IN INNOVATION (I3) GRANT FROM THE US DEPARTMENT OF EDUCATION. THE MODEL BUILDS LANGUAGE, LITERACY, AND MEMORY SKILLS USING REGULAR ASSESSMENTS AND DATA OUTCOMES THROUGHOUT THE SCHOOL YEAR. EMPHASIS IS PLACED ON STUDENT GROWTH, DIFFERENTIATED BY AN INDIVIDUAL STUDENT'S BASELINE KNOWLEDGE. THE CHARTER SCHOOL'S PRIMARY SOURCES OF SUPPORT ARE LOCAL APPROPRIATIONS FOR CHARTER SCHOOLS FROM THE DISTRICT OF COLUMBIA. THE CHARTER SCHOOL ALSO RECEIVES FEDERAL FUNDING THROUGH THE OFFICE OF THE STATE SUPERINTENDENT OF EDUCATION. | Desc |
| Total Program Service Expenses | $16,656,137 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 30 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 222 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MAYANK PALOD | PersonNm |
| Phone | 2024883990 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1801 MISSISSIPPI AVE SE | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20020 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| PAULA YOUNG SHELTON | ||||||||
| BOARD VICE C | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| BRIDGET BRADLEY GRAY | ||||||||
| TREASURER | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| MATTHEW DOWNS | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| KAREN DAVENPORT | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| CELIA MARTIN | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| SKYLE PEARSON | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| SARA GLENN | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JENNIFER MCKINNEY | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| LAUREN BAILLIE | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| DAWN SMITH | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| WILLIAM J MCCARTHY | ||||||||
| BOARD CHAIR | Yes (X) | Yes (X) | $0 | $287,852 | $38,723 | 40.00 | ||
| THOMAS KEANE JR - SECRETARY AND | ||||||||
| GENERAL COUN | 14.00 | Yes (X) | $35,571 | $170,768 | $36,113 | 26.00 | ||
| ALEX FEDDOULI - CHIEF | ||||||||
| FINANCIAL OF | 12.00 | Yes (X) | $59,126 | $175,085 | $9,806 | 28.00 | ||
| JAMIE MILES | ||||||||
| CHIEF OF SCH | 23.00 | $112,021 | $96,036 | $12,422 | 17.00 | Yes (X) | ||
| JOHN MOORE - DIRECTOR OF | ||||||||
| HR AND TECHN | 19.00 | $76,700 | $73,140 | $17,617 | 21.00 | Yes (X) | ||
| AJA MILLS - DIRECTOR OF | ||||||||
| SCHOOL LEADE | 21.00 | $137,098 | $1,926 | $15,780 | 19.00 | Yes (X) | ||
| TARA YOUNG | ||||||||
| PRINCIPAL | 40.00 | $119,388 | $0 | $14,460 | Yes (X) | |||
| KENYETTA SINGLETON - DIRECTOR OF | ||||||||
| STUDENT SUPP | 21.00 | $66,005 | $54,720 | $17,297 | 19.00 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $605,909 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $859,527 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $162,218 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 16 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| GENUINE FOOD LAB LLC | |||||
| PO BOX 96503 | WASHINGTON | DC | 20090 | FOOD SERVICE | $372,291 |
| YOUNG & WELL | |||||
| 932 HUNGERFORD DRIVE SUITE 18A | ROCKVILLE | MD | 20850 | SPECIAL EDUCATI | $297,296 |
| BK CLEANING SERVICES LLC | |||||
| 3739 CAPULET TERRACE | SILVER SPRING | MD | 20906 | CLEANING | $263,005 |
| ED-OPS | |||||
| 1611 CONNECTICUT AVE NW STE 200 | WASHINGTON | DC | 20009 | ACCOUNTING | $128,070 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $2,493,070 | GovernmentGrantsAmt |
| All Other Contributions | $63,773 | AllOtherContributionsAmt |
| Total Contributions | $2,556,843 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| PER PUPIL FUNDING | 611710 | $15,108,556 | $15,108,556 |
| STUDENT ACTIVITY FEES | 611710 | $324,614 | $324,614 |
| MEDICAID PROGRAM | 611710 | $165,453 | $165,453 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $15,598,623 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $361,281 | TotalRevenueColumnAmt |
| Exclusion | $361,281 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $18,516,747 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $15,598,623 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $361,281 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $132,020 | TotalAmt |
| Management And General | $132,020 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,104,831 | TotalAmt |
| Program Services | $9,157,577 | ProgramServicesAmt |
| Management And General | $927,658 | ManagementAndGeneralAmt |
| Fundraising | $19,596 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $277,780 | TotalAmt |
| Program Services | $261,782 | ProgramServicesAmt |
| Management And General | $15,998 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $988,261 | TotalAmt |
| Program Services | $931,344 | ProgramServicesAmt |
| Management And General | $56,917 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $811,037 | TotalAmt |
| Program Services | $765,807 | ProgramServicesAmt |
| Management And General | $45,230 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,725 | TotalAmt |
| Management And General | $1,725 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $301,434 | TotalAmt |
| Program Services | $88,428 | ProgramServicesAmt |
| Management And General | $213,006 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,039,179 | TotalAmt |
| Program Services | $797,029 | ProgramServicesAmt |
| Management And General | $242,150 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $265,908 | TotalAmt |
| Program Services | $180,495 | ProgramServicesAmt |
| Management And General | $85,413 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $65,026 | TotalAmt |
| Program Services | $4,264 | ProgramServicesAmt |
| Management And General | $60,762 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,594,175 | TotalAmt |
| Program Services | $2,461,886 | ProgramServicesAmt |
| Management And General | $132,289 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,020 | TotalAmt |
| Program Services | $43,020 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $651,736 | TotalAmt |
| Program Services | $651,736 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $61,796 | TotalAmt |
| Program Services | $20,975 | ProgramServicesAmt |
| Management And General | $40,821 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| FOOD SERVICE | $453,251 | $453,251 | |
| OTHER STUDENT COSTS | $232,607 | $232,607 | |
| AUTHORIZER FEES | $170,596 | $127,947 | $42,649 |
| OTHER STAFF RELATED EXP | $161,223 | $151,847 | $9,376 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $400,754 | TotalAmt |
| Program Services | $326,142 | ProgramServicesAmt |
| Management And General | $74,612 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,756,359 | TotalAmt |
| Program Services | $16,656,137 | ProgramServicesAmt |
| Management And General | $2,080,626 | ManagementAndGeneralAmt |
| Fundraising | $19,596 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $694,961 | BOYAmt |
| EOY | $1,122,222 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,908,397 | BOYAmt |
| EOY | $6,588,732 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $347,329 | BOYAmt |
| EOY | $396,800 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,491,995 | BOYAmt |
| EOY | $604,414 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $151,324 | BOYAmt |
| EOY | $49,678 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $14,855,675 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $3,987,149 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,648,913 | BOYAmt |
| EOY | $10,868,526 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $95,060 | BOYAmt |
| EOY | $71,933 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,663,077 | BOYAmt |
| EOY | $10,764,677 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,001,056 | BOYAmt |
| EOY | $30,466,982 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $772,916 | BOYAmt |
| EOY | $1,671,472 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,535,000 | BOYAmt |
| EOY | $3,535,000 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,878,962 | BOYAmt |
| EOY | $1,795,736 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,053 | BOYAmt |
| EOY | $24,240 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,829,983 | BOYAmt |
| EOY | $10,891,040 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,055,914 | BOYAmt |
| EOY | $17,917,488 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,942,761 | BOYAmt |
| EOY | $12,544,568 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,381 | BOYAmt |
| EOY | $4,926 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,945,142 | BOYAmt |
| EOY | $12,549,494 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,001,056 | BOYAmt |
| EOY | $30,466,982 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$239,612 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | -$156,036 | PriorPeriodAdjustmentsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,491,125 | OtherCostOrOtherBasisAmt |
| Book Value | $1,491,125 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,942,116 | OtherCostOrOtherBasisAmt |
| Depreciation | $988,423 | DepreciationAmt |
| Book Value | $3,953,693 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,233,749 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,631,387 | DepreciationAmt |
| Book Value | $4,602,362 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $871,185 | OtherCostOrOtherBasisAmt |
| Depreciation | $367,339 | DepreciationAmt |
| Book Value | $503,846 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $317,500 | OtherCostOrOtherBasisAmt |
| Book Value | $317,500 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $10,868,526 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| OPERATING LEASE RIGHT-OF-USE ASSETS | $10,448,732 |
| DEPOSITS | $292,552 |
| FINANCING LEASE RIGHT-OF-USE ASSETS | $23,393 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $10,764,677 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| OPERATING LEASE LIABILITY | $10,516,052 |
| DUE TO RELATED PARTY | $374,988 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $10,891,040 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $18,516,747 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $18,516,747 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $18,516,747 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $18,756,359 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $18,756,359 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $18,756,359 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE D, PAGE 3, PART X | FormAndLineReferenceDesc |
| Explanation | ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE CHARTER SCHOOL'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CHARTER SCHOOL PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2024, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF JUNE 30, 2024, THE STATUTE OF LIMITATIONS FOR TAX YEARS 2020 THROUGH 2022 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE CHARTER SCHOOL FILES TAX RETURNS. IT IS THE CHARTER SCHOOL'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. AS OF JUNE 30, 2024, THE CHARTER SCHOOL HAD NO ACCRUALS FOR INTEREST AND/OR PENALTIES. | ExplanationTxt |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, LINE 3 | THE SCHOOL IS A PUBLIC CHARTER SCHOOL AND IS OPERATING UNDER A CONTRACT WITH THE DC GOVERNMENT. REVENUE PROCEDURE 75-50 DOES NOT APPLY TO CHARTER SCHOOLS. THE NON-DISCRIMINATORY POLICY IS EXPLICITLY STATED IN THE REGISTRATION APPLICATION AND OUR BROCHURE. |
| SCHEDULE E, LINE 6 | THE CHARTER SCHOOL RECEIVES PUBLIC FUNDS FROM THE DC GOVERNMENT BASED ON THE NUMBER OF STUDENTS THEY ENROLL ACCORDING TO THE UNIFORM PER STUDENT FUNDING FORMULA DEVELOPED BY THE MAYOR AND CITY COUNCIL. THIS PER PUPIL ALLOCATION IS SUPPLEMENTED WITH EXTRA FUNDS FOR STUDENTS WITH SPECIAL NEEDS. THE CHARTER SCHOOL ALSO RECEIVES GOVERNMENTAL ASSISTANCE IN THE FORM OF YEARLY GOVERNMENTAL GRANTS. MOST FUNDS ARE RECEIVED FROM THE U.S. DEPARTMENT OF EDUCATION AND THE U.S. DEPARTMENT OF AGRICULTURE PASSED THROUGH THE OFFICE OF THE STATE SUPERINTENDENT OF EDUCATION IN THE DISTRICT OF COLUMBIA. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (true) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt |
|---|---|---|---|---|---|---|---|---|---|
| WILLIAM J MCCARTHY | |||||||||
| BOARD CHAIR | $287,852 | $14,700 | $24,023 | $326,575 | |||||
| THOMAS KEANE JR - SECRETARY AND | |||||||||
| GENERAL COUNSEL | $160,768 | $10,041 | $26,072 | $206,881 | $35,571 | $10,000 | $35,571 | ||
| ALEX FEDDOULI - CHIEF | |||||||||
| FINANCIAL OFFICER | $165,085 | $9,806 | $184,891 | $59,126 | $10,000 | $59,126 | |||
| JAMIE MILES | |||||||||
| CHIEF OF SCHOOLS | $86,036 | $96,036 | $112,021 | $10,000 | $124,443 | $9,833 | $2,589 | ||
| JOHN MOORE - DIRECTOR OF | |||||||||
| HR AND TECHNOLOGY | $73,140 | $3,797 | $5,732 | $82,669 | $76,700 | $84,788 | $3,657 | $4,431 | |
| AJA MILLS - DIRECTOR OF | |||||||||
| SCHOOL LEADERSHIP | $1,926 | $1,926 | $137,098 | $152,878 | $6,770 | $9,010 | |||
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE J, PAGE 1, PART I, LINE 7 | PERFORMANCE BONUSES OF 10,000 WERE ISSUED TO THE THREE INDIVIDUALS LISTED IN PART II. |
| SCHEDULE J, PART III | THE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE CHIEF OF SCHOOLS COMPENSATION USING COMPARABILITY DATA AND THEY CONTEMPORANEOUSLY DOCUMENT THE DELIBERATION AND THEIR RECOMMENDATION FOR THE FULL BOARD. THE COMPENSATION OF THE CHIEF OF SCHOOLS FOR THE NEXT SCHOOL YEAR IS THEN DISCUSSED, FINALIZED AND APPROVED BY THE FULL BOARD. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DISTRICT OF COLUMBIA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 536001131 | BondIssuerEIN |
| Bond Issued | 2010-11-23 | BondIssuedDt |
| Issue Price | $3,535,000 | IssuePriceAmt |
| Purpose | PCS CONSTRUCTION | PurposeDesc |
| Defeased | Yes (true) | DefeasedInd |
| On Behalf Of Issuer | Yes (true) | OnBehalfOfIssuerInd |
| Pool Financing | Yes (true) | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | $3,535,000 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $329,275 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $3,205,725 | CapitalExpendituresAmt |
| Substantial Completion | 2011 | SubstantialCompletionYr |
| Refunding Tax Exempt Bonds | false | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | false | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (true) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (true) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | false | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | false | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | false | MgmtContractBondFincdPropInd |
| Any Research Agreements | false | AnyResearchAgreementsInd |
| Bond Iss Meet Prvt Sec Pymt Test | false | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | false | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | false | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | false | Form8038TFiledInd |
| Rebate Not Due Yet | false | RebateNotDueYetInd |
| Exception To Rebate | false | ExceptionToRebateInd |
| No Rebate Due | false | NoRebateDueInd |
| Variable Rate Issue | false | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | false | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | false | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | false | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | false | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PURPOSE OF ISSUE DESCRIPTION | DISTRICT OF COLUMBIA PCS CONSTRUCTION |
| ADDITIONAL INFORMATION | DISTRICT OF COLUMBIA ON NOVEMBER 23, 2010, THE DISTRICT OF COLUMBIA ISSUED AND SOLD QUALIFIED SCHOOL CONSTRUCTION REVENUE BONDS (QSCB PER CODE SECTION 54F(A)(3) OF THE INTERNAL REVENUE CODE), APPLETREE EARLY LEARNING PUBLIC CHARTER SCHOOL ISSUE, (TAXABLE-TAX CREDIT BONDS) SERIES 2010, WITH NO EFFECTIVE INTEREST RATE. THE BOND ISSUE AND FACE AMOUNT WERE BOTH FOR A TOTAL OF 3,535,000 AND A TERM OF SEVENTEEN (17) YEARS WITH MATURITY ON DECEMBER 1, 2027, AND WERE SOLD TO THE MANUFACTURERS AND TRADERS TRUST COMPANY, THE PROCEEDS OF WHICH WERE LOANED TO THE CHARTER SCHOOL BY THE DISTRICT OF COLUMBIA GOVERNMENT PURSUANT TO SECTION 490 OF THE DISTRICT OF COLUMBIA HOME RULE ACT. THE BOND PROCEEDS WERE USED TO FINANCE BUILDING IMPROVEMENTS AND RELATED CAPITAL EXPENDITURES AT 138 12TH STREET, NE, WASHINGTON, DC (LINCOLN PARK), AND AT 2015-2017 SAVANNAH TERRACE, SE, WASHINGTON, DC (DOUGLAS KNOLL), AS WELL AS TO PAY FOR CERTAIN BOND ISSUANCE COSTS. THE INTEREST RATE ON THE BONDS WAS DETERMINED BY TAKING THE SUM OF THE PURCHASERS (M&T BANK) FIVE-YEAR COST OF FUNDS RATE, PLUS 3.50%, LESS THE TAX CREDIT RATE OF 5.37%, RESULTING IN A ZERO (0%) INTEREST RATE TO THE CHARTER SCHOOL. THE BONDS HAVE THREE SCHEDULED CALL DATES OF DECEMBER 1, 2015, 2020, AND 2025. COMMENCING ON DECEMBER 1, 2010, THE CHARTER SCHOOL WAS REQUIRED TO DEPOSIT TO A SINKING FUND, EQUAL MONTHLY INSTALLMENTS IN THE AMOUNT OF 18,316 OVER THE TERM OF THE BONDS SUFFICIENT TO PAY THE PRINCIPAL AT BOND MATURITY. THE SINKING FUND DEPOSITS ARE INVESTED IN A MONEY MARKET ACCOUNT WITH M&T BANK WITH A MAXIMUM SINKING FUND YIELD OF 3.86%. THE BOND OBLIGATION IS GUARANTEED BY THE APPLETREE EARLY LEARNING PUBLIC CHARTER SCHOOL THROUGH A FIRST PRIORITY LIEN ON ITS PER-PUPIL FACILITIES REVENUES, AS WELL AS AN INTEREST IN ALL PERSONAL PROPERTY AND BUSINESS ASSETS AT THE TWO CAMPUSES FOR WHOM THE BONDS ARE BEING ISSUED. THE LOAN AGREEMENT CONTAINS CERTAIN RESTRICTED, FINANCIAL, AND NONFINANCIAL COVENANTS. THE BOND OBLIGATION IS ALSO GUARANTEED BY THE APPLETREE INSTITUTE FOR EDUCATION INNOVATION THROUGH A SENIOR DEED OF TRUST, ASSIGNMENT AND SECURITY AGREEMENT RELATING TO THE TRACT OF LAND TOGETHER WITH IMPROVEMENTS LOCATED AT 138 12TH STREET, NE, WASHINGTON, DC. THE INSTITUTE IS REQUIRED TO MEET CERTAIN DEBT SERVICE COVERAGE RATIOS AS MEASURED ON AN ANNUAL BASIS. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 1, PART I, LINE 6 | VOLUNTEERS REPRESENT BOARD MEMBERS THAT SERVED DURING THE YEAR. |
| FORM 990, PAGE 2, PART III, LINE 4A | THE CHARTER SCHOOL IS OPEN TO ANY WASHINGTON, DC, CHILD IN PRE-SCHOOL AND PRE-KINDERGARTEN AND ADMISSION IS FREE. THE CHARTER SCHOOL CURRENTLY SERVES 576 CHILDREN AT SEVEN PUBLIC CHARTER PRESCHOOL CAMPUSES ACROSS THE DISTRICT. IN 2020, THE CHARTER SCHOOL SUCCESSFULLY CONCLUDED ITS FIFTEEN- YEAR CHARTER REVIEW WITH ITS AUTHORIZER, THE DC PUBLIC CHARTER SCHOOL BOARD, AND RECEIVED A CHARTER RENEWAL FOR AN ADDITIONAL FIFTEEN YEARS. THE CHARTER SCHOOL UTILIZES THE COMPREHENSIVE AND EVIDENCE-BASED EVERY CHILD READY INSTRUCTIONAL MODEL THAT WAS DEVELOPED BY APPLETREE INSTITUTE FOR EDUCATION INNOVATION WITH THE ASSISTANCE OF AN INVESTING IN INNOVATION (I3) GRANT FROM THE US DEPARTMENT OF EDUCATION. THE MODEL BUILDS LANGUAGE, LITERACY, AND MEMORY SKILLS USING REGULAR ASSESSMENTS AND DATA OUTCOMES THROUGHOUT THE SCHOOL YEAR. EMPHASIS IS PLACED ON STUDENT GROWTH, DIFFERENTIATED BY AN INDIVIDUAL STUDENT'S BASELINE KNOWLEDGE. THE CHARTER SCHOOL'S PRIMARY SOURCES OF SUPPORT ARE LOCAL APPROPRIATIONS FOR CHARTER SCHOOLS FROM THE DISTRICT OF COLUMBIA. THE CHARTER SCHOOL ALSO RECEIVES FEDERAL FUNDING THROUGH THE OFFICE OF THE STATE SUPERINTENDENT OF EDUCATION. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE CHIEF FINANCIAL OFFICER REVIEWS THE DRAFT FORM 990 INFORMATION TAX RETURN, AS PREPARED BY THE ACCOUNTANTS/AUDITORS. ONCE REVIEWED, THE 990 TAX RETURN IS FORWARDED TO THE FINANCE COMMITTEE FOR REVIEW AND THEY RECOMMEND IT TO THE FULL BOARD OF DIRECTORS FOR ACCEPTANCE. ONCE APPROVED BY THE FULL BOARD, THE 990 TAX RETURN IS EXECUTED BY THE CHIEF FINANCIAL OFFICER. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE CONFLICT OF INTEREST POLICY IS CONSTANTLY MONITORED BY ADMINISTRATION PERSONNEL AND THE BOARD OF DIRECTORS THROUGH REVIEW AND APPROVAL PROCEDURES. ANNUALLY BOARD MEMBERS AND STAFF COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS OR CIRCUMSTANCES WHICH THE BOARD OR STAFF MEMBER BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST. PROCEDURES: A.PRIOR TO BOARD ACTION ON A CONTRACT OR OTHER TRANSACTION INVOLVING A CONFLICT OF INTEREST, A BOARD MEMBER HAVING A CONFLICT OF INTEREST SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OR INTEREST. SUCH DISCLOSURES SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. B.A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN THE DECISION EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. C.THE PERSON HAVING A CONFLICT OF INTEREST MAY NOT VOTE ON THE CONTRACT OR TRANSACTION. D.STAFF MEMBERS WHO HAVE A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT IS NOT THE SUBJECT OF BOARD ACTION SHALL DISCLOSE TO THE BOARD CHAIR ANY SUCH CONFLICT OF INTEREST. THAT STAFF MEMBER SHALL REFRAIN FROM ANY ACTION THAT MAY AFFECT THE SCHOOL'S PARTICIPATION IN SUCH CONTRACT OR TRANSACTION. IN THE EVENT IT IS NOT ENTIRELY CLEAR THAT A CONFLICT OF INTEREST EXISTS, THE INDIVIDUAL WITH THE POTENTIAL CONFLICT SHALL DISCLOSE THE CIRCUMSTANCES TO THE BOARD CHAIR. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE CHIEF OF SCHOOLS COMPENSATION USING COMPARABILITY DATA AND THEY CONTEMPORANEOUSLY DOCUMENT THE DELIBERATION AND THEIR RECOMMENDATION TO THE FULL BOARD. THE COMPENSATION OF THE CHIEF OF SCHOOLS FOR THE NEXT SCHOOL YEAR IS THEN DISCUSSED, FINALIZED AND APPROVED BY THE BOARD. |
| FORM 990, PAGE 6, PART VI, 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 TO THE GENERAL PUBLIC UPON REQUEST. IN ADDITION, THE 990 INFORMATION TAX RETURN IS AVAILABLE FOR PUBLIC INSPECTION ON GUIDESTAR. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| APPLETREE INST FOR ED INNOVATION | ||||||||||
| 1801 MISSISSIPPI AVE SE | WASHINGTON | DC | 20020 | 043331760 | SUPPORT | DC | 501C3 | 7 | NA | false |
| EAGER TO READ | ||||||||||
| 1801 MISSISSIPPI AVE SE | WASHINGTON | DC | 20020 | 522335277 | SUPPORT | DC | 501C3 | 7 | NA | false |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (true) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (true) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (true) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (true) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (6 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| APPLETREE INST FOR ED INNOVATION | ||
| D | $3,535,000 | BOOK VALUE |
| APPLETREE INST FOR ED INNOVATION | ||
| K | $804,518 | BOOK VALUE |
| APPLETREE INST FOR ED INNOVATION | ||
| M | $310,400 | BOOK VALUE |
| APPLETREE INST (ATI PAID TO AEL) | ||
| O | $1,038,197 | BOOK VALUE |
| APPLETREE INST (AEL PAID ATI) | ||
| O | $1,014,311 | BOOK VALUE |
| APPLETREE INST FOR ED INNOVATION | ||
| P | $68,495 | BOOK VALUE |
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