2020-02-13T11:45:00-06:00 2018-06-30 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2017-07-01 202629354 DEMOCRACY PREP PUBLIC SCHOOLS DEMO 6468299659 1767 PARK AVENUE 5TH FLOOR NEW YORK NY 10035 NATASHA TRIVERS CEO 6468299659 2020-02-12 1 GARRETT M HIGGINS P00543209 2122862600 2020-01-28 4.15.211.182 2020-02-12 07:58:25 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 8B9532C6912B3E39A4E7E5ED0BE6E8176682D039 2017 2020-11-19 02:30:22Z X NATASHA TRIVERS 1767 PARK AVENUE 5TH FLOOR NEW YORK NY 10035 27187686 0 X WWW.DEMOCRACYPREP.ORG X 2005 NY THE ORGANIZATION PROVIDES CHARTER SCHOOLS WITH MANAGEMENT SERVICES. 9 8 306 8 0 0 3174540 4872294 11686847 22174203 -9155 4 11269 141185 14863501 27187686 516114 1500000 0 0 10115322 22066506 0 0 10698 3889062 5792530 14520498 29359036 343003 -2171350 5915445 10746301 6284464 13286670 -369019 -2540369 THE ORGANIZATION MANAGES AND OPERATES HIGH-PERFORMING CHARTER SCHOOLS. 0 0 26491897 1500000 22174203 THE ORGANIZATION OPERATES AS A CHARTER MANAGEMENT ORGANIZATION PROVIDING EDUCATIONAL SERVICES, MANAGEMENT OPERATIONS AND FUNDRAISING ACTIVITIES FOR THE FOLLOWING RELATED CHARTER SCHOOLS: DEMOCRACY PREP NEW YORK CHARTER SCHOOLS, DEMOCRACY PREP ENDURANCE CHARTER SCHOOL, FREEDOM PREP CHARTER SCHOOL, DEMOCRACY PREP CONGRESS HEIGHTS, DEMOCRACY PREP BATON ROUGE, DEMOCRACY PREP AGASSI CAMPUS, DEMOCRACY PREP TEXAS. 26491897 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 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 25 0 306 1 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X SYDNEY MOSHETTE CONTROLLER 6468299659 1767 PARK AVENUE 5TH FLOOR NEW YORK NY 10035 RYAN OFFUTT CHAIR 5.00 X X 0 0 0 CARLOS LEJNIEKS VICE-CHAIR 5.00 X X 0 0 0 PALLAVI VERMA TREASURER 5.00 X X 0 0 0 KATHRYN DUFFY STANTON DIRECTOR AND CHIEF EXECUTIVE OFFICER 65.00 X X 297154 0 19728 ALLYSON DOWNEY DIRECTOR 5.00 X 0 0 0 CHRIS KRAUS DIRECTOR 5.00 X 0 0 0 ERHARD MARIUS DIRECTOR 5.00 X 0 0 0 JERI POWELL DIRECTOR 5.00 X 0 0 0 SAM SCHAEFFER DIRECTOR 5.00 X 0 0 0 GREG SPREEMAN CHIEF FINANCIAL OFFICER 65.00 X 219907 0 8632 KENT ANKER VP OF PUBLIC POLICY & GENERAL COUNSEL 65.00 X 203242 0 33427 LINDA JONES EASTON SENIOR VP OF HR 65.00 X 175343 0 21366 BENJAMIN FEIT VP OF STRATEGY & CHIEF OF STAFF 65.00 X 170050 0 12641 LISA FRISCIA VP OF TALENT DEVELOPMENT 65.00 X 166663 0 13166 JONATHAN HOWARD VP OF RECRUITMENT 65.00 X 162554 0 28471 1394913 0 137431 22 0 1 0 PETRETTI & ASSOCIATES 270 MADISON AVENUE NEW YORK NY 10016 CONSTRUCTION SERVICES 806099 LILKER ASSOCIATES CONSULTING ENGINEERS 1001 AVENUE OF THE AMERICAS NEW YORK NY 10018 ENGINEERING DESIGN/CONSULTING 278882 ACCOUNTING SOLUTIONS OF NEW YORK INC 16 RYAN STREET SYOSSET NY 11791 ACCOUNTING & BOOKKEEPING 144871 HILTON BALTIMORE 401 W PRATT ST BALTIMORE MD 21201 LODGING SERVICES 134269 JCJ ARCHITECTURE 120 HUYSHOPE AVENUE SUITE 400 HARTFORD CT 06106 ARCHITECTURAL SERVICES 120760 7 2924538 1947756 50090 4872294 MANAGEMENT FEES 541610 20150624 20150624 RENTAL TO CHARTER SCHOOLS 531120 2023579 2023579 22174203 4 4 ACCOUNTS PAYABLE WRITE-OFF 900099 93060 93060 SETTLEMENT PAYMENT 900099 48125 48125 141185 27187686 22174203 0 141189 1500000 1500000 551493 496344 55149 17747292 15972566 1774726 628755 565880 62875 1535107 1381596 153511 1603859 1443473 160386 57414 57414 92656 92656 989626 890663 98963 316292 305594 10698 240009 200681 39328 91882 82694 9188 1599809 1439828 159981 610303 549270 61033 5607 5046 561 81432 73289 8143 49260 44334 4926 REPLICATION & EXPANSION 1259994 1259994 FOOD 237754 213979 23775 PROFESSIONAL DEVELOPMEN 66666 66666 STUDENT SERVICES 49581 49581 44245 44245 29359036 26491897 2856441 10698 10564 830440 50090 150332 6477 38010 95915 105840 133495 7145822 251388 3968935 6894434 1641764 2735450 5915445 10746301 1727398 2032954 145313 1905335 170755 170755 800000 2819879 2150709 2073029 2090289 3484718 6284464 13286670 X -369019 -2540369 -369019 -2540369 5915445 10746301 -2171350 0 X X 0 1 X 1 1 1 X 3292290 4334452 1916657 3174540 4872294 17590233 3292290 4334452 1916657 3174540 4872294 17590233 394619 17195614 621 4 625 688 8424 16647 11269 141185 178213 17769071 53885420 0.96770 0.97770 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2013 AMOUNT: $ 688. 2014 AMOUNT: $ 8,424. 2015 AMOUNT: $ 16,647. 2016 AMOUNT: $ 11,269. 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 6688210 713 6687497 261238 158981 102257 196374 91694 104680 6894434 SECURITY DEPOSIT 227566 DUE FROM AFFILIATES 1454068 DEFERRED RENT 1053816 2735450 DEFERRED RENT 1197577 DUE TO AFFILIATES 2287141 3484718 X 27187686 0 27187686 0 27187686 29359036 0 29359036 0 29359036 PART IV, LINE 2B: SECURITY DEPOSITS HELD IN ACCORDANCE WITH SUB-TENANT LEASE AGREEMENT. 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, 2015. 1 DEMOCRACY PREP AGASSI CAMPUS 1201 W LAKE MEAD BLVD LAS VEGAS NV 89106 821301171 501(C)(3) 1500000 GRANT TO COVER OPERATIONAL EXPENSES 1 0 PART I, LINE 2: THE ORGANIZATION MADE A GRANT TO DEMOCRACY PREP AGASSI CAMPUS (DPAC). THE GRANT IS USED TO SUPPORT GENERAL OPERATING COSTS. DEMOCRACY PREP PUBLIC SCHOOLS IS HIRED AS DPAC'S CMO AND THROUGH AFFILIATION, GRANT FUNDING IS REVIEWED AND MONITORED. X X X 0 0 0 0 0 0 0 0 0 KATHRYN DUFFY STANTON DIRECTOR AND CHIEF EXECUTIVE OFFICER 297100 0 0 0 54 0 18000 0 1728 0 316882 0 0 0 GREG SPREEMAN CHIEF FINANCIAL OFFICER 219649 0 0 0 258 0 7500 0 1132 0 228539 0 0 0 KENT ANKER VP OF PUBLIC POLICY & GENERAL COUNSE 203152 0 0 0 90 0 9540 0 23887 0 236669 0 0 0 LINDA JONES EASTON SENIOR VP OF HR 174581 0 0 0 762 0 12600 0 8766 0 196709 0 0 0 BENJAMIN FEIT VP OF STRATEGY & CHIEF OF STAFF 170002 0 0 0 48 0 6000 0 6641 0 182691 0 0 0 LISA FRISCIA VP OF TALENT DEVELOPMENT 166609 0 0 0 54 0 5880 0 7286 0 179829 0 0 0 JONATHAN HOWARD VP OF RECRUITMENT 162500 0 0 0 54 0 10867 0 17604 0 191025 0 0 0 RYAN OFFUTT BOARD CHAIR OPERATIONAL SUPPORT X 800000 800000 0 1 1 800000 X 1 50090 AVG. SELLING PRICE 0 0 0 0 PART I, COLUMN (B): COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTORS. AMENDED RETURN EXPLANATION: THE FORM 990 IS BEING AMENDED DUE TO VARIOUS CHANGES IN THE ORGANIZATION'S FINANCIAL STATEMENTS. THE FORM 990 ORIGINALLY FILED WITH THE INTERNAL REVENUE SERVICE WAS PREPARED PRIOR TO THE ISSUANCE OF AUDITED FINANCIAL STATEMENTS. THE FOLLOWING AMENDMENTS HAVE BEEN MADE TO CONFORM TO THE AMOUNTS REPORTED ON THE FINAL AUDITED FINANCIAL STATEMENTS FOR THE TAX YEAR: -HEADING, ITEM G -PART I, LINE 7B, LINE 11, LINE 12, LINE 15, LINE 16B, LINE 17, LINE 18, LINE 19, LINE 20, LINE 21, AND LINE 22 -PART III, LINE 4A/4E (EXPENSES) -PART IV, LINE 9 -PART V, LINE 3A AND LINE 3B -PART VIII, LINE 11A, LINE 11E, AND LINE 12 -PART IX, LINE 7, LINE 8, LINE 9, LINE 11B, LINE 11G, LINE 12, LINE 13, LINE 17, LINE 24B, LINE 24E, AND LINE 25 -PART X, LINE 3, LINE 4, LINE 15, LINE 16, LINE 17, LINE 25, LINE 26, LINE 27, LINE 33, AND LINE 34 -PART XI, LINE 1, LINE 2, LINE 3, AND LINE 10 -SCHEDULE A, PART II, LINE 5, LINE 6, LINE 10, LINE 11, AND LINE 14 -SCHEDULE A, PART VI, SUPPLEMENTAL INFORMATION -SCHEDULE D, PART IV, LINE 2A AND LINE 2B -SCHEDULE D, PART IX, LINE 2 -SCHEDULE D, PART X, LINE 3 -SCHEDULE D, PART XI, LINE 1, LINE 2D, LINE 2E, LINE 3, AND LINE 5 -SCHEDULE D, PART XII, LINE 1, LINE 2D, LINE 2E, LINE 3, AND LINE 5 -SCHEDULE D, PART XIII, SUPPLEMENTAL INFORMATION FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY MANAGEMENT AND THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS FOR APPROVAL. IF CHANGES ARE REQUIRED, THE ORGANIZATION WILL THEN FORWARD THE FORM 990 TO THE AUDITING FIRM AND A FINAL VERSION WILL BE DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO THE IRS SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL SHARES ITS CONFLICT OF INTEREST POLICY WITH OFFICERS AND DIRECTORS ON AN ANNUAL BASIS. OFFICERS AND DIRECTORS ARE EXPECTED TO DECLARE IF AT ANY POINT A CONFLICT OF INTEREST ARISES. AFTER DISCLOSURE OF A POTENTIAL CONFLICT, THE INDIVIDUAL IN QUESTION MUST RECUSE THEMSELVES FROM VOTING ON THE MATTER. SUCH MATTERS INVOLVING THE EXISTENCE OF CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MINUTES OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF OFFICERS IS DETERMINED BY THE BOARD OF DIRECTORS USING COMPARABILITY DATA, INCLUDING THE FORM 990S OF SIMILARLY SITUATED NON-PROFIT ORGANIZATIONS. THE PROCESS WAS LAST CONDUCTED IN 2017 AND WAS DOCUMENTED IN THE MINUTES OF THE GOVERNING BOARD. 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, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST AT 1767 PARK AVENUE, 4TH 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 FINANCE COMMITTEE THAT IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. DEMOCRACY PREP NEVADA LLC 1201 W LAKE MEAD BLVD LAS VEGAS NV 89106 320520597 DPN HOLDS THE CHARTER FOR DEMOCRACY PREP AGASSI CAMPUS NV 9072835 1204385 DEMOCRACY PREP PUBLIC SCHOOLS DEMOCRACY PREP AGASSI CAMPUS 1201 W LAKE MEAD BLVD LAS VEGAS NV 89106 821301171 CHARTER SCHOOL NV 501(C)(3) LINE 2 N/A 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 DEMOCRACY PREP AGASSI CAMPUS B 1500000 ACTUAL CASH AMOUNT DEMOCRACY PREP AGASSI CAMPUS L 1212156 ACTUAL CASH AMOUNT