2018-05-15T14:18:16-05:00 2017-06-30 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2016-07-01 202629354 DEMOCRACY PREP PUBLIC SCHOOLS DEMO 6468299659 1767 PARK AVENUE 4th FLOOR NEW YORK NY 10035 greg spreeman CFO 6468299659 2018-05-15 1 Garrett M Higgins P00543209 2122862600 2018-05-14 2016 2022-09-23 18:48:47Z Greg Spreeman 1767 PARK AVENUE 4th FLOOR NEW YORK NY 10035 14959886 0 X WWW.DEMOCRACYPREP.ORG X 2005 NY The Organization provides charter schools with management services. 9 8 275 8 0 0 1916657 3174540 10286549 11686847 0 -9155 -16419 11269 12186787 14863501 593218 516114 0 0 9602926 10115322 0 0 7355 3218941 3889062 13415085 14520498 -1228298 343003 1839070 6038179 2551092 6407198 -712022 -369019 The Organization manages and operates high-performing charter schools. 0 0 13039050 516114 11686847 The Organization operates as a charter management organization providing educational services, management operations and fundraising activities for eight charter schools. Democracy Prep Charter School opened in August 2006, Democracy Prep Harlem Charter School opened in August 2010, Harlem Prep Charter School opened in August 2011, Democracy Prep Endurance Charter School opened in August 2012, Freedom Prep Charter School became affiliated with the Organization in March 2012, Democracy Prep Congress Heights became affiliated with the Organization in July 2014, Bronx Prep Charter School became affiliated with the Organization in July 2014, and Democracy Prep Baton Rouge opened in August 2015. 13039050 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 26 0 275 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 melanie hok 6468299659 1767 Park Avenue 4th 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 261394 0 26610 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 208799 0 10211 Seth Andrew Superintendent 40.00 X 193861 0 26343 Kent Anker General Counsel 65.00 X 188649 0 36990 Lisa Friscia VP, Talent Development 65.00 X 151969 0 14368 Linda Jones Easton VP, Human Resources 65.00 X 150368 0 21682 Jonathan Howard VP, Recruitment 65.00 X 138423 0 28764 1293463 0 164968 13 0 1 0 MC Gowan 160 E Union Avenue East Rutherford NJ 07073 Construction management 1998166 JCJ Architecture 120 Huyshope Avenue Suite 400 Hartford CT 06106 Architectural Services 345520 Lilker Associates Consulting Engineers 1001 Avenue of the Americas New York NY 10018 Engineering Design/consulting 253245 Accounting Solutions of New York Inc 16 Ryan Street Syosset NY 11791 Accounting & Bookkeeping 208867 4th Sector Solutions Inc 620 Florida Boulevard Suite 110 Baton Rouge LA 70801 Financial Services 101250 5 1990175 1184365 50137 3174540 MANAGEMENT FEES 541610 9950531 9950531 Rental to Charter Schools 531120 1736316 1736316 11686847 87230 96385 -9155 -9155 -9155 Other income 900099 11269 11269 11269 14863501 11686847 0 2114 516114 516114 513883 462495 51388 7748751 6973876 774875 351314 316183 35131 658383 592545 65838 842991 758692 84299 15188 15188 64258 64258 703390 633052 70338 425382 418027 7355 124957 105031 19926 133106 119795 13311 1502209 1351988 150221 661622 595459 66163 40036 36032 4004 3859 3859 75843 68258 7585 38766 34890 3876 Dues & Subscriptions 41312 41312 Professional Developmen 33927 33927 food 25207 22686 2521 14520498 13039050 1474093 7355 191723 10564 282373 150332 38010 39815 105840 4172308 203373 412464 3968935 46248 866447 1764498 1839070 6038179 1049849 1727398 145313 25000 170755 28827 2150709 1447416 2213023 2551092 6407198 X -712022 -369019 -712022 -369019 1839070 6038179 343003 0 X X 0 1 X 1 1 1 X 1379116 3292290 4334452 1916657 3174540 14097055 1379116 3292290 4334452 1916657 3174540 14097055 277301 13819754 621 621 266 688 8424 16647 11269 37294 14134970 31711217 0.97770 0.96960 X Schedule A, Part II, Line 10, Explanation of Other Income: OTHER INCOME - 2012 Amount: $ 266. 2013 Amount: $ 688. 2014 Amount: $ 8,424. 2015 Amount: $ 16,647. 2016 Amount: $ 11,269. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 3716276 3716276 267750 141651 126099 188282 61722 126560 3968935 SECURITY DEPOSIT 227566 Due from affiliates 742933 Deferred rent 793999 1764498 DEFERRED RENT 782705 Due to affiliates 1430318 2213023 X 14863501 0 14863501 0 14863501 14520498 0 14520498 0 14520498 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, 2014. 1 Democracy Prep Baton Rouge 4055 Prescott Road Baton Rouge LA 70805 473252454 501(c)(3) 321871 Expansion of Charter School Program via CSP grant from Federal Government FREEDOM PREP CHARTER SCHOOL 1000 Atlantic Avenue cAMDEN NJ 08104 200683866 501(c)(3) 105527 General Funding Grant for Expenses Outside of Scope of NJ State Funding Harlem Prep Charter School 1767 Park Avenue 4th Floor new york NY 10035 134177265 501(c)(3) 88716 Expansion of Charter School Program via CSP grant from Federal Government 3 0 Part I, Line 2: The federal CSP Grant is monitored on a constant basis, with reimbursement requests for actual expenses being submitted to the Federal government frequently. Sub-grantee receives approval from DPPS Finance Dept. prior to the procurement of any item that may be related to the CSP grant. Throughout the Procurement and A/P processes, grant tagging is applied to the relevant items on the order to ensure all applicable expenses are captured and submitted for reimbursement. The other grants, which are for the purposes of general funding, are not monitored as there are no restrictions on what the funds can be used for in relation to school expenses. X X X 0 0 0 0 0 0 0 0 0 Kathryn Duffy Stanton director and chief executive officer 261340 0 0 0 54 0 18000 0 8610 0 288004 0 0 0 Greg Spreeman Chief Financial Officer 208661 0 0 0 138 0 7500 0 2711 0 219010 0 0 0 Seth Andrew Superintendent 193807 0 0 0 54 0 0 0 26343 0 220204 0 0 0 Kent Anker General Counsel 188559 0 0 0 90 0 9540 0 27450 0 225639 0 0 0 Lisa Friscia VP, Talent Development 151915 0 0 0 54 0 5880 0 8488 0 166337 0 0 0 Linda Jones Easton VP, Human Resources 149606 0 0 0 762 0 12600 0 9082 0 172050 0 0 0 Jonathan Howard VP, Recruitment 138375 0 0 0 48 0 10867 0 17897 0 167187 0 0 0 X 1 50137 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 2016 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 1767 Park Avenue 4th Floor New York NY 10035 202629354 DPN holds the charter for Democracy Prep Agassi Campus NV 0 0 Democracy Prep Public Schools