2019-02-11T12:38:25-06:00 2018-06-30 521853933 JONES MARESCA & MCQUADE PA 1730 RHODE ISLAND AVE NW SUITE 800 WASHINGTON DC 20036 990 2017-07-01 275314539 CAMBRIDGE PREPARATORY ACADEMY DC INC CAMB 2025629170 3301 WHEELER ROAD SE WASHINGTON DC 20032 LAUREN CATALANO PRINCIPAL 2025629170 2019-02-11 1 DAVID JONES P01361002 2022963306 64.88.174.3 2019-02-11 12:52:53 ES P 0087580C7340B0612ABF44AF1D415F2C3C4A590E 56831CA8933EEC3CB30569569788CC33A54B6B3D 2017 2019-02-21 02:37:17Z SOMERSET PREPARATORY ACADEMY PCS LAUREN CATALANO 3301 WHEELER ROAD SE WASHINGTON DC 20032 9166104 0 X WWW.SOMERSETDC.COM X 2011 DC PROMOTES A CULTURE THAT MAXIMIZES STUDENT ACHIEVEMENT AND FOSTERS THE DEVELOPMENT OF RESPONSIBLE, SELF-DIRECTED LIFE-LONG LEARNERS IN A SAFE AND ENRICHING ENVIRONMENT. THIS WILL BE ACHIEVED IN A RIGOROUS ACADEMIC ENVIRONMENT FOCUSED ON THE FUNDAMENTALS OF LEADERSHIP DEVELOPMENT, ENHANCED PERSONAL RESPONSIBILITY, AND COMMUNITY INVOLVEMENT. LIVE, LEARN, LEAD! 11 11 104 11 0 0 534202 1458931 6293123 7573041 0 -17886 123931 89571 6951256 9103657 0 0 0 0 4572607 5108943 0 0 432 2918638 3279515 7491245 8388458 -539989 715199 775470 2334911 491865 1336107 283605 998804 X TO PROMOTE A CULTURE THAT MAXIMIZES STUDENT ACHIEVEMENT AND FOSTERS THE DEVELOPMENT OF RESPONSIBLE, SELF-DIRECTED LIFE-LONG LEARNERS IN A SAFE AND ENRICHING ENVIRONMENT. THIS WILL BE ACHIEVED IN A RIGOROUS ACADEMIC ENVIRONMENT FOCUSED ON THE FUNDAMENTALS OF LEADERSHIP DEVELOPMENT, ENHANCED PERSONAL RESPONSIBILITY, AND COMMUNITY INVOLVEMENT. LIVE, LEARN, LEAD! 0 0 6643995 7573041 THE SCHOOL'S MISSION IS TO PROMOTE A CULTURE THAT MAXIMIZES STUDENT ACHIEVEMENT AND FOSTER THE DEVELOPMENT OF RESPONSIBLE, SELF-DIRECTED LIFE-LONG LEARNERS IN A SAFE AND ENRICHING ENVIRONMENT. THE SCHOOL PROVIDES A RIGOROUS ACADEMIC ENVIRONMENT FOCUSED ON THE FUNDAMENTALS OF LEADERSHIP DEVELOPMENT, ENHANCED PERSONAL RESPONSIBILITY, AND COMMUNITY INVOLVEMENT. THE SCHOOL SERVED GRADES SIXTH THROUGH TWELVETH FOR SCHOOL YEARS 2017-2018. 6643995 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 37 0 1 104 1 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X THE ORGANIZATION 2025629170 3301 WHEELER ROAD SE WASHINGTON DC 20032 JUD STARR BOARD CHAIR 2.00 X X 0 0 0 JOE BRUNO TREASURER 1.00 X X 0 0 0 NATALIE ETHRIDGE SECRETARY 2.00 X X 0 0 0 DARYA DAVIS TRUSTEE 1.00 X 0 0 0 CARLOS BECERRA TRUSTEE 1.00 X 0 0 0 DR RICHARD GOLDBERG TRUSTEE 1.00 X 0 0 0 MARK MEDEMA TRUSTEE 1.00 X 0 0 0 DANIELLE WALTON TRUSTEE 1.00 X 0 0 0 AMBER NORTHERN TRUSTEE 1.00 X 0 0 0 JOE QUANDER TRUSTEE 1.00 X 0 0 0 LARA OERTER TRUSTEE 1.00 X 0 0 0 LAUREN CATALANO PRINCIPAL AND CHIEF ADMINISTRATIVE OFFICER 40.00 X 168096 0 11226 168096 0 11226 1 0 1 0 ACADEMICA DC LLC 6340 SUNSET DRIVE MIAMI FL 33143 EDUCATIONAL SERVICES 206900 PREFERRED MEAL SYSTEMS INC 10620 RIGGS HILL ROAD R JESSUP MD 20794 FOOD SERVICES 147641 ALIGNSTAFFING 111 K ST NE WASHINGTON DC 20002 STAFFING 141824 3 1196743 262188 1458931 PER PUPIL APPROPRIATIO 900099 6355041 6355041 PER PUPIL FACILITIES A 900099 1197273 1197273 ACTIVITY FEES 900099 20727 20727 7573041 149 149 44412 62447 -18035 -18035 -18035 JANITORIAL EXPENSE REI 900099 60000 60000 REIMBURSEMENTS 900099 29571 29571 89571 9103657 7573041 0 71685 156197 118858 37339 4371970 3554412 817558 47107 38298 8809 145988 118688 27300 387681 315351 72330 34584 34584 30573 30573 410668 132534 278134 146750 117401 29349 44745 35796 8949 1207437 965949 241488 180977 144782 36195 35626 28501 7125 DIRECT STUDENT EXPENSES 849718 849718 PROFESSIONAL DEVELOPMEN 243383 214972 28411 ADMINISTRATION FEE 82083 82083 MEMBERSHIP AND SUBSCRIP 10919 8735 2184 2052 1620 432 8388458 6643995 1744031 432 431153 1098890 30000 30149 44834 130769 26074 23642 7863 45806 38093 1572052 571547 192603 1000505 5000 5000 775470 2334911 479025 1328858 12840 7249 491865 1336107 X 263388 998304 20217 500 283605 998804 775470 2334911 715199 0 X X 0 1 X 1 1 1 X 547500 547500 640194 466615 173579 384358 104932 279426 1000505 X 9103657 0 9103657 0 9103657 8388458 0 8388458 0 8388458 PART X, LINE 2: THE SCHOOL BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS OR THAT WOULD HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. THERE ARE NO UNRECOGNIZED TAX BENEFITS OR LIABILTIES THAT NEED TO BE RECORDED. 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 CHARTER SCHOOL, CAMBRIDGE PEPATORY ACADEMY DC IS EXEMPT FROM THE REQUIREMENTS OF REVENUE PROCEDURE 75-50. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES GOVERNMENT FINANCIAL ASSISTANCE FROM THE DISTRICT OF COLUMBIA AND FEDERAL DEPARTMENT OF EDUCATION. SCHEDULE E, PART I, LINE 7 THE SCHOOL, A PUBLIC CHARTER SCHOOL, IS EXEMPT FROM REV PROC 75-50. X X X 0 0 0 0 0 0 0 1 0 LAUREN CATALANO PRINCIPAL AND CHIEF ADMINISTRATIVE OFFICER 148045 0 20051 0 0 0 3244 0 7982 0 179322 0 0 0 PART I, LINE 3 ON AN ANNUAL BASIS, THE BOARD OF TRUSTEES CONTACTS OTHER LOCAL CHARTER SCHOOLS WITHIN THE DISTRICT OF COLUMBIA TO INQUIRE ABOUT THE SALARY/COMPENSATION OF THEIR EXECUTIVE LEADERSHIP. THE BOARD ALSO SUPPLMEMENTS THIS SURVEY BY EXAMINING PUBLIC COMPENSATION INFORMATION FOR EDUCATION/NON-PROFIT LEADERSHIP. IN ADDITION, THE BOARD ALSO RECEIVED RECOMMENDATIONS FROM OTHER INDEPENDENT SOURCES SUCH AS THE CHARTER BOARD PARTNERS AND FOCUS. BASED UPON THESE VARIED SOURCES, THE BOARD SETS PERFORMANCE GOALS AND COMPENSATION LEVELS FOR THE PRINCIPAL. PART I, LINE 7 BONUSES ARE AWARDED BASED ON MERIT AND CALCULATED AS A PERCENTAGE OF SALARY. BONUSES ARE APPROVED BY THE BOARD OF DIRECTORS. LAUREN CATALANO PRINCIPAL AND CAO PAY ADVANCE X 8463 7863 0 0 1 7863 STEPHEN CATALANO STEPHEN CATALANO IS A BROTHER OF LAUREN CATALANO, PRINCIPAL AND CAO 68276 STEPHEN CATALANO WORKS FOR THE ORGANIZATION. 0 KIMBERLY CATALANO KIMBERLY CATALANO IS A SISTER OF LAUREN CATALANO, PRINCIPAL AND CAO 62489 KIMBERLY CATALANO WORKS FOR THE ORGANIZATION. 0 FORM 990, PART VI, SECTION A, LINE 1 LINE 1A: SOMERSET PREPARATORY ACADEMY PUBLIC CHARTER SCHOOL BOARD HAS DELEGATED AUTHORITY TO THE EXECUTIVE COMMITTEE TO MAKE REVIEWS AND RECOMMENDATIONS ON BEHALF OF THE GOVERNING BODY. THE EXECUTIVE COMMITTEE COMPOSITION INCLUDES THE BOARD CHAIR, BOARD TREASURER, AND COMPLIANCE CHAIR. SCOPE OF THE EXECUTIVE COMMITTEE INCLUDES: -SERVE AS THE ULTIMATE STEWARD OF THE MISSION OF THE ORGANIZATION. -RECRUIT, SUPPORT, AND REVIEW THE CEO. -PROVIDE EFFECTIVE AND APPROPRIATE FINANCIAL OVERSIGHT. -PROMOTE THE ORGANIZATION AND ENHANCE ITS PUBLIC REPUTATION. -ENSURE LEGAL AND ETHICAL INTEGRITY AND MAINTAIN ACCOUNTABILITY. -RECRUIT AND ORIENT NEW BOARD MEMBERS AND ASSESS BOARD PERFORMANCE. FORM 990, PART VI, SECTION A, LINE 4 THE SCHOOL CORPORATION AND DC PCSB AGREED TO AMEND THE CHARTER AGREEMENT SUMMARIZED AS FOLLOWS: 1. THE SCHOOL CORPORATION MUST ACHIEVE AT LEAST A PMF SCORE OF 40 ON BOTH THE PK-8 AND HS PMF FOR SY 2017-18, SCORE OF 43 FOR SY 2018-19, AND SCORE OF 45 FOR SY 2019-20. 2. SCHOOL MANAGEMENT ORGANIZATION AGREES TO PROVIDE TO THE PUBLIC CHARTER SCHOOL BOOKS, RECORDS, PAPERS, AND DOCUMENTS RELATED TO SERVICES THE SCHOOL MANAGEMENT ORGANIZATION PROVIDED OR HAS AGREED TO PROVIDE. 3. BY FEBRUARY 2018, THE SCHOOL CORPORATION SHALL PROVIDE TO DC PCSB ANY CONFLICTS OF INTEREST BETWEEN AND AMONG THE SCHOOL CORPORATION AND ITS AFFILIATES AND ALL BOARD MEETING MINUTES MISSING AS OF DECEMBER 1, 2017. FORM 990, PART VI, SECTION B, LINE 11B EDOPS AND CHIEF ADMINISTRATIVE OFFICER/PRINCIPAL REVIEW THE FORM 990 AFTER WHICH THE FINANCE COMMITTEE AND THE TREASURER REVIEW THE 990 AND THE CHIEF ADMINISTRATIVE OFFICER/PRINCIPAL SIGNS IT. A COMPLETE COPY OF THE FORM 990 IS EMAILED TO ALL BOARD MEMBERS FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS ARE ASKED IF THEY HAVE CONFLICTS ANNUALLY AND ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY FORM UPON JOINING THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A ON AN ANNUAL BASIS, THE BOARD OF TRUSTEES CONTACTS OTHER LOCAL CHARTER SCHOOLS WITHIN THE DISTRICT OF COLUMBIA TO INQUIRE ABOUT THE SALARY/COMPENSATION OF THEIR EXECUTIVE LEADERSHIP. THE BOARD ALSO SUPPLMEMENTS THIS SURVEY BY EXAMINING PUBLIC COMPENSATION INFORMATION FOR EDUCATION/NON-PROFIT LEADERSHIP. IN ADDITION, THE BOARD ALSO RECEIVED RECOMMENDATIONS FROM OTHER INDEPENDENT SOURCES SUCH AS THE CHARTER BOARD PARTNERS AND FOCUS. BASED UPON THESE VARIED SOURCES, THE BOARD SETS PERFORMANCE GOALS AND COMPENSATION LEVELS FOR THE PRINCIPAL. THE PROCESS FOR DETERMINING COMPENSATION FOR THE HEAD OF SCHOOL WAS LAST CONDUCTED IN APRIL 2017. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THESE PROCESSES HAVE NOT CHANGED SINCE THE PRIOR YEAR.