2022-05-16T21:35:11-05:00 2021-06-30 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2020-07-01 202629354 DEMOCRACY PREP PUBLIC SCHOOLS DEMO 6468299659 1767 PARK AVENUE 5TH FLOOR NEW YORK NY 10035 NATASHA TRIVERS CEO 6468299659 2022-05-16 1 NATASHA TRIVERS 999009999 GARRETT M HIGGINS P00543209 9143818900 2022-05-16 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z NATASHA TRIVERS 1767 PARK AVENUE 5TH FLOOR NEW YORK NY 10035 22499463 0 X WWW.DEMOCRACYPREP.ORG X 2005 NY THE ORGANIZATION MANAGES AND OPERATES HIGH-PERFORMING CHARTER SCHOOLS. 8 8 204 8 0 0 2287489 4833210 17402179 17578276 25 4 178274 87973 19867967 22499463 65692 86007 0 0 11578238 11386498 0 0 0 6414122 6359746 18058052 17832251 1809915 4667212 15265798 18413140 14376062 12856192 889736 5556948 TO EDUCATE RESPONSIBLE CITIZEN SCHOLARS FOR SUCCESS IN THE COLLEGE OF THEIR CHOICE AND A LIFE OF ACTIVE CITIZENSHIP. 0 0 15313597 86007 17578276 THE ORGANIZATION OPERATES AS A CHARTER MANAGEMENT ORGANIZATION PROVIDING EDUCATIONAL SERVICES, MANAGEMENT OPERATIONS AND FUNDRAISING ACTIVITIES FOR THE FOLLOWING CHARTER SCHOOLS: DEMOCRACY PREP NEW YORK CHARTER SCHOOLS, FREEDOM PREP CHARTER SCHOOL, DEMOCRACY PREP BATON ROUGE, DEMOCRACY PREP AGASSI CAMPUS, AND DEMOCRACY PREP TEXAS. 15313597 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 22 0 204 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X VALERIE MARTINEZ 3322154366 1767 PARK AVENUE 5TH FLOOR NEW YORK NY 10035 NATASHA TRIVERS CEO 65.00 X 294845 0 19451 LINDA JONES EASTON EXECUTIVE VICE PRESIDENT 65.00 X 245593 0 31029 KENT ANKER EVP & GENERAL COUNSEL 65.00 X 234789 0 24755 LISA FRISCIA CHIEF PEOPLE OFFICER 65.00 X 204309 0 16529 STEPHEN POPPER SUPERINTENDENT 65.00 X 165865 0 42675 VALERIE M MARTINEZ-WAGNER CFO 65.00 X 189777 0 9750 MARGARET MARRER SR. DIR. OF K-12 CURRICULUM 65.00 X 168038 0 17800 PRINCESS V LYLES VP, EXTERNAL AFFAIRS 65.00 X 147491 0 35121 AJAKA ROTH SENIOR DIR. OF TALENT DEV. 65.00 X 148280 0 15222 RALPH JOHNSON VP OF COLLEGE ACCESS & SUCCESS 65.00 X 152498 0 10656 KIMBERLY WALL ASSISTANT SUPERINTENDENT 65.00 X 131146 0 15375 RYAN OFFUTT CHAIR 5.00 X X 0 0 0 CHRIS KRAUS VICE-CHAIR 5.00 X X 0 0 0 JERI POWELL SECRETARY 5.00 X X 0 0 0 ERHARD MARIUS TREASURER 5.00 X X 0 0 0 CARLOS LEJNIEKS DIRECTOR 5.00 X 0 0 0 SAMUEL SCHAEFFER DIRECTOR 5.00 X 0 0 0 PALLAVI VERMA DIRECTOR 5.00 X 0 0 0 ENOCH WOODHOUSE DIRECTOR 5.00 X 0 0 0 2082631 0 238363 11 0 1 0 CHARTER SCHOOL BUSINESS MANAGEMENT 237 WEST 35TH STREET SUITE 301 NEW YORK NY 10001 FINANCE CONSULTANTS 699668 ATTUNED EDUCATION PARTNERS 716 VALLEY ROAD MONTCLAIR NJ 07043 EDUCATIONAL PLANNING 123000 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVE HARRISON NY 10528 ACCOUNTING & AUDITING SERVICES 103150 3 4039723 793487 4833210 MANAGEMENT/CONSULTING FEES 541610 14598714 14598714 RENTAL TO CHARTER SCHOOLS 531120 2979562 2979562 17578276 4 4 OTHER INCOME 900099 87973 87973 87973 22499463 17578276 0 87977 22434 22434 63573 63573 1495405 1345981 149424 8469504 7622554 846950 345654 311368 34286 380718 342954 37764 695217 626258 68959 586532 586532 119690 119690 1111817 1000658 111159 259572 259572 326601 174894 151707 41308 11876 29432 2818726 2536854 281872 19165 17249 1916 725447 652903 72544 101233 91109 10124 PROFESSIONAL DEVELOP. 222815 222815 STUDENT SERVICES 15123 15123 FOOD 11717 10545 1172 17832251 15313597 2518654 0 3081576 6853112 101131 454235 536010 155280 43136 0 24430 129962 9175598 1074973 8826072 8100625 2653443 2719926 15265798 18413140 1454360 1742557 3147691 3530645 170755 570755 5037638 4748713 4565618 2263522 14376062 12856192 X 868936 5556948 20800 0 889736 5556948 15265798 18413140 4667212 0 X X 0 1 X 1 1 1 X 3174540 4872294 5364719 2287489 4833210 20532252 3174540 4872294 5364719 2287489 4833210 20532252 2411918 18120334 4 1049 25 4 1082 11269 141185 178274 87973 418701 20952035 91546026 0.86480 0.85870 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2016 AMOUNT: $ 11,269. 2019 AMOUNT: $ 178,274. 2020 AMOUNT: $ 87,973. SETTLEMENT PAYMENT - 2017 AMOUNT: $ 48,125. ACCOUNTS PAYABLE WRITE-OFF - 2017 AMOUNT: $ 93,060. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 8677776 670174 8007602 293656 230979 62677 204166 173820 30346 8100625 SECURITY DEPOSIT 228846 DUE FROM AFFILIATES 842838 DEFERRED RENT 1632958 ADVANCES 15284 2719926 DEFERRED RENT 2263522 2263522 X 26174096 3674633 3674633 22499463 0 22499463 20431984 2599733 2599733 17832251 0 17832251 PART IV, LINE 2B: TENANT SECURITY DEPOSITS HELD IN ACCORDANCE WITH REGULATIONS. PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO JUNE 30, 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF RELATED ORG. INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 3,674,633. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF RELATED ORG. INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 2,599,733. 1 DEMOCRACY PREP AGASSI CAMPUS 1201 W LAKE MEAD BLVD LAS VEGAS NV 89106 821301171 501(C)(3) 22434 GRANT TO COVER OPERATIONAL EXPENSES 1 0 SCHOLARSHIPS 127 63573 PART I, LINE 2: THE ORGANIZATION PROVIDED A GRANT TO DEMOCRACY PREP AGASSI CAMPUS (DPAC) FOR THE PURPOSE OF SUPPORTING GENERAL OPERATIONS. DEMOCRACY PREP PUBLIC SCHOOLS MANAGES DPAC AND MONITORS THE USE OF THE FUNDS THROUGH THROUGH THEIR AFFILIATION. X X X 0 0 0 0 0 0 0 0 0 NATASHA TRIVERS CEO 294785 0 0 0 60 0 0 0 19451 0 314296 0 0 0 LINDA JONES EASTON EXECUTIVE VICE PRESIDENT 244831 0 0 0 762 0 24500 0 6529 0 276622 0 0 0 KENT ANKER EVP & GENERAL COUNSEL 234651 0 0 0 138 0 4800 0 19955 0 259544 0 0 0 LISA FRISCIA CHIEF PEOPLE OFFICER 204249 0 0 0 60 0 10000 0 6529 0 220838 0 0 0 STEPHEN POPPER SUPERINTENDENT 165817 0 0 0 48 0 19500 0 23175 0 208540 0 0 0 VALERIE M MARTINEZ-WAGNER CFO 189583 0 0 0 194 0 9750 0 0 0 199527 0 0 0 MARGARET MARRER SR. DIR. OF K-12 CURRICULUM 167984 0 0 0 54 0 17377 0 423 0 185838 0 0 0 PRINCESS V LYLES VP, EXTERNAL AFFAIRS 147437 0 0 0 54 0 15600 0 19521 0 182612 0 0 0 AJAKA ROTH SENIOR DIR. OF TALENT DEV. 148226 0 0 0 54 0 14406 0 816 0 163502 0 0 0 RALPH JOHNSON VP OF COLLEGE ACCESS & SUCCESS 152408 0 0 0 90 0 9750 0 906 0 163154 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE RETURN IS REVIEWED BY MANAGEMENT AND ELECTRONICALLY PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT COVERS ALL DIRECTORS, OFFICERS, AND KEY EMPLOYEES REQUIRING THEM TO ANNUAL SUBMIT A STATEMENT TO THE BOARD TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. DIRECTORS MUST ALSO DISCLOSE POTENTIAL CONFLICTS OF INTEREST TO THE BOARD AS THEY ARISE. THE BOARD DETERMINES WHETHER A CONFLICT EXISTS BY MAJORITY VOTE, AND THE CONFLICTED PERSON MUST RECUSE HIMSELF/HERSELF FROM THE DISCUSSION AND VOTE ON SUCH MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES, INCLUDING THE CEO, WAS DETERMINED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS USING COMPARABILITY DATA, INCLUDING THE FORMS 990 OF SIMILARLY SITUATED NON-PROFIT ORGANIZATIONS. THE PROCESS WAS LAST CONDUCTED IN 2020 AND WAS DOCUMENTED IN THE MINUTES OF THE GOVERNING BOARD. 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 WRITTEN REQUEST AT 1767 PARK AVENUE, 5TH FLOOR, NEW YORK, NY 10035, OR BY CALLING THE ORGANIZATION DIRECTLY AT (646) 829-9659. 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 THE SELECTION OF ITS INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. DEMOCRACY PREP NEVADA LLC 1201 W LAKE MEAD BLVD LAS VEGAS NV 89106 320520597 CHARTER OPERATOR FOR DEMOCRACY PREP AGASSI CAMPUS NV 501(C)(3) LINE 7 DEMOCRACY PREP PUBLIC SCHOOLS 1 DEMOCRACY PREP AGASSI CAMPUS 1201 W LAKE MEAD BLVD LAS VEGAS NV 89106 821301171 K-12 CHARTER SCHOOL NV 501(C)(3) LINE 2 DEMOCRACY PREP NEVADA LLC 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 DEMOCRACY PREP AGASSI CAMPUS L 1303340 FAIR MARKET VALUE