2019-05-22T19:38:01-05:00 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 2019-05-22 1 GARRETT M HIGGINS P00543209 2122862600 2019-05-16 4.15.211.182 2019-05-22 18:51:42 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 76A25249E5E94ADAA4B6AEE04382CED6247CFD88 2017 2019-02-21 02:37:17Z NATASHA TRIVERS 1767 PARK AVENUE 5TH FLOOR NEW YORK NY 10035 28178452 0 X WWW.DEMOCRACYPREP.ORG X 2005 NY THE ORGANIZATION PROVIDES CHARTER SCHOOLS WITH MANAGEMENT SERVICES. 9 8 306 8 0 47583 3174540 4872294 11686847 22174203 -9155 4 11269 1131951 14863501 28178452 516114 1500000 0 0 10115322 22100717 0 0 13192 3889062 5884767 14520498 29485484 343003 -1307032 5915445 10845976 6284464 12522027 -369019 -1676051 THE ORGANIZATION MANAGES AND OPERATES HIGH-PERFORMING CHARTER SCHOOLS. 0 0 26616959 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. 26616959 1 1 0 0 0 0 0 0 0 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 1 1 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 MELANIE HOK 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 1083826 1083826 SETTLEMENT PAYMENT 900099 48125 48125 1131951 28178452 22174203 0 1131955 1500000 1500000 551493 496344 55149 17747295 15972566 1774729 662962 596666 66296 1535108 1381597 153511 1603859 1443473 160386 42414 42414 92656 92656 1056497 950847 105650 318786 305594 13192 240010 200681 39329 91882 82694 9188 1599809 1439828 159981 648179 583361 64818 5607 5046 561 81432 73289 8143 49260 44334 4926 REPLICATION & EXPANSION 1259994 1259994 FOOD 237755 213979 23776 PROFESSIONAL DEVELOPMEN 66666 66666 STUDENT SERVICES 49581 49581 44239 44239 29485484 26616959 2855333 13192 10564 830440 50090 150332 4639 38010 171632 105840 133495 7145822 251388 3968935 6894434 1641764 2761246 5915445 10845976 1727398 2135381 145313 1905335 170755 170755 800000 2819879 2150709 2073029 2090289 2617648 6284464 12522027 X -369019 -1676051 -369019 -1676051 5915445 10845976 -1307032 0 X X 0 1 X 1 1 1 X 3292290 4334452 1916657 3174540 4872294 17590233 3292290 4334452 1916657 3174540 4872294 17590233 374803 17215430 621 4 625 688 8424 16647 11269 1131951 1168979 18759837 53885420 0.91770 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: $ 1,083,826. 0 0 6688210 713 6687497 261238 158981 102257 196374 91694 104680 6894434 SECURITY DEPOSIT 227566 DUE FROM AFFILIATES 1479864 DEFERRED RENT 1053816 2761246 DEFERRED RENT 1197577 DUE TO AFFILIATES 1420071 2617648 X 27094626 -1083826 -1083826 28178452 0 28178452 28401658 -1083826 -1083826 29485484 0 29485484 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL STATEMENT ADJUSTMENT -1,083,826. PART XII, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL STATEMENT ADJUSTMENT -1,083,826. PART XI & PART XII, LINE 2D, FINANCIAL STATEMENT ADJUSTMENT: IN FISCAL YEAR 2018, DEMOCRACY PREP PUBLIC SCHOOLS WENT LIVE WITH A NEW ACCOUNTING SOFTWARE, WHICH CAUSED A SYSTEMS ISSUE. WHEN THAT ISSUE WAS RESOLVED, THERE WAS AN ADJUSTMENT TO THE GENERAL LEDGER WITH A WRITE-DOWN OF DUPLICATE EXPENSES OF $1,083,826. THAT ADJUSTMENT WAS RECORDED AS AN OTHER REVENUE LINE ITEM; DPPS INTENDS TO AMEND THE FORM 990 ONCE IT CAN FURTHER CLARIFY THIS ADJUSTMENT. 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. 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 LATE FILED RETURN DUE TO CCH SOFTWARE OUTAGE