2018-02-13T10:11:27-06:00 2017-06-30 521511275 RAFFA PC 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2016-07-01 020550253 DC PREPARATORY ACADEMY DCPR 2026354590 707 EDGEWOOD STREET NE WASHINGTON DC 20017 EMILY K LAWSON FOUNDER AND CEO 2026354590 2018-02-13 1 FRANK H SMITH P00639053 2028225000 2018-02-13 207.238.152.33 2018-02-13 11:11:10 ES P FFA2BC33170E4325356C19B39EDBBFEB056B45D7 34B105C2C7BADB5F86383FB62741823725D67518 2016 2021-01-29 14:40:06Z EMILY K LAWSON 707 EDGEWOOD STREET NE WASHINGTON DC 20017 35456810 0 X WWW.DCPREP.ORG X 2001 DC DC PREP IS A NETWORK OF PUBLIC CHARTER SCHOOLS SERVING STUDENTS IN WASHINGTON, DC. 15 14 459 85 0 0 30704806 33983588 1235981 1372161 14096 26385 7618 74676 31962501 35456810 5742 1022646 0 0 21615777 24483692 0 0 292215 10436137 10767008 32057656 36273346 -95155 -816536 59518156 87646910 45753558 74404372 13764598 13242538 X DC PREP'S MISSION IS TO BRIDGE THE EDUCATIONAL DIVIDE IN WASHINGTON, DC BY INCREASING THE NUMBER OF STUDENTS FROM UNDERSERVED COMMUNITIES WITH THE ACADEMIC PREPARATION AND PERSONAL CHARACTER TO SUCCEED IN COMPETITIVE HIGH SCHOOLS AND COLLEGES. 0 0 30557816 1022646 1436233 D.C. PREPARATORY ACADEMY'S (DC PREP) MISSION IS TO BRIDGE THE EDUCATIONAL DIVIDE IN THE NATION'S CAPITAL BY INCREASING THE NUMBER OF STUDENTS FROM UNDERSERVED COMMUNITIES WITH THE ACADEMIC PREPARATION AND PERSONAL CHARACTER TO SUCCEED IN COMPETITIVE HIGH SCHOOLS AND COLLEGES. DC PREP CURRENTLY OPERATES FIVE TUITION-FREE PUBLIC CHARTER SCHOOLS THAT ARE OPEN TO ANY CHILD IN WASHINGTON, ENROLLING 1,900 STUDENTS IN GRADES PRESCHOOL THROUGH 8TH GRADE. HISTORICALLY, 98% OF DC PREP STUDENTS ARE AFRICAN-AMERICAN AND 2% ARE HISPANIC; OVER 80% OF STUDENTS LIVE IN POVERTY, AS MEASURED BY ELIGIBILITY FOR FREE/REDUCED PRICE MEALS. IN 2017, CITYWIDE PARTNERSHIP FOR ASSESSMENT OF COLLEGE AND CAREER READINESS (PARCC) RESULTS WERE RELEASED. PARCC IS THE ANNUAL EDUCATIONAL ASSESSMENT THAT MEASURES PUBLIC SCHOOL STUDENTS' PROGRESS TOWARD MASTERY OF THE COMMON CORE STATE STANDARDS, AND IS CONSIDERED A RELIABLE PREDICTOR OF COLLEGE AND CAREER READINESS. PARCC EVALUATES EACH STUDENT'S PERFORMANCE ON A 5-POINT SCALE, WITH LEVEL 4+ DEMONSTRATING PROFICIENCY. DC PREP CONTINUES TO BE THE HIGHEST-PERFORMING NETWORK OF PUBLIC CHARTER SCHOOLS IN WASHINGTON FOR THE SIXTH CONSECUTIVE YEAR. IN ADDITION, FOR THE THIRD YEAR IN A ROW, DC PREP HAS THE HIGHEST COMBINED ELA AND MATH PROFICIENCY IN THE CITY FOR STUDENTS IN THE ECONOMICALLY-DISADVANTAGED SUBGROUP - THE VERY CHILDREN IT IS OUR MISSION TO SERVE.EVEN MORE IMPORTANT, AND ALIGNED WITH DC PREP'S MISSION, EVERY DC PREP 8TH GRADE GRADUATE (N=390) HAS BEEN ACCEPTED BY A COLLEGE-PREP HIGH SCHOOL, WITH OVER TWO-THIRDS OFFERED ADMISSION TO SELECTIVE SCHOOLS INCLUDING BENJAMIN BANNEKER, CHOATE ROSEMARY HALL, THE FIELD SCHOOL, GEORGETOWN PREP, THE HILL SCHOOL, MARET, PHILLIPS EXETER ACADEMY, ST. ALBANS, SIDWELL FRIENDS SCHOOL, AND SCHOOL WITHOUT WALLS, AMONG OTHERS. THESE STUDENTS HAVE EARNED OVER $9M IN COMBINED SCHOLARSHIP SUPPORT. FURTHER, 95% OF DC PREP'S FIRST SEVEN GRADUATING CLASSES HAVE EARNED THEIR HIGH SCHOOL DIPLOMA, AND 72% HAVE MATRICULATED TO COLLEGE, ENROLLING IN SCHOOLS SUCH AS GEORGE MASON, GEORGETOWN, GETTYSBURG, HAMPTON, VANDERBILT, UNIVERSITY OF MARYLAND, AND HOWARD.DC PREP IS POISED TO GROW TO TEN CAMPUSES (WITH FIVE PAIRS OF LINKED ELEMENTARY AND MIDDLE SCHOOLS), ULTIMATELY ENROLLING 3,850 PRESCHOOL - 8TH GRADE STUDENTS IN WARDS 5, 7, AND 8. ULTIMATELY, DC PREP HOPES TO PLAY A MAJOR ROLE IN IMPROVING PUBLIC EDUCATION IN DC AND IN THE COUNTRY, SHOWING THAT LOW-INCOME MINORITY STUDENTS ARE FULLY CAPABLE OF THE GREATEST ACCOMPLISHMENTS, AND THAT ONE OF THE LOWEST-PERFORMING PUBLIC SCHOOL DISTRICTS IN THE NATION, WASHINGTON, DC, CAN BECOME ONE OF THE BEST. 30557816 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 74 0 1 459 1 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X KUMASI VINES 2026354590 707 EDGEWOOD STREET NE WASHINGTON DC 20017 LEROY TERRY EAKIN III CHAIR 5.00 1.00 X X 0 0 0 BRIAN JONES VICE CHAIR 1.00 X X 0 0 0 ERIC PRICE TREASURER 1.00 2.00 X X 0 0 0 VALERIE ROCKEFELLER WAYNE SECRETARY 1.00 X X 0 0 0 KATHERINE BOONE SECRETARY - UNTIL 11/2016 1.00 X X 0 0 0 JENNY ABRAMSON DIRECTOR 1.00 X 0 0 0 TEARSA COATES DIRECTOR 1.00 X 0 0 0 CHARIS DRANT DIRECTOR 1.00 X 0 0 0 MICHELA ENGLISH DIRECTOR 1.00 X 0 0 0 PATRICK GROSS DIRECTOR 1.00 1.00 X 0 0 0 JUDY LANSING KOVLER DIRECTOR 1.00 X 0 0 0 MAURA MARINO DIRECTOR 1.00 X 0 0 0 ARTHUR MCKEE DIRECTOR 1.00 X 0 0 0 FRENNIE NIXON DIRECTOR 1.00 X 0 0 0 CAROL PENSKY DIRECTOR 1.00 X 0 0 0 EMILY K LAWSON FOUNDER AND CEO; DIRECTOR 40.00 2.00 X X 197178 0 15889 WENDY SCOTT CHIEF FINANCIAL OFFICER 40.00 2.00 X 176862 0 14619 KATIE SEVERN PRESIDENT AND CHIEF ACADEMIC OFFICER 40.00 X 214136 0 17958 NICOLE BRYAN SR. DIR. OF ELEMENTARY PROGRAMMING 40.00 X 143161 0 13046 CASSIE PERGAMENT SR. DIR. OF MIDDLE PROGRAMMING 40.00 X 137073 0 7953 SHAUNTE EDMONDS SENIOR PRINCIPAL 40.00 X 136523 0 6052 ELIZABETH IBBY JEPPSON CHIEF DEVELOPMENT OFFICER 40.00 X 133185 0 6042 DANIEL ENGLENDER CHIEF OPERATING OFFICER 40.00 X 132273 0 12723 1270391 0 94282 13 0 1 0 REVOLUTION FOODS PO BOX 742759 LOS ANGELES CA 90074 FOOD SERVICES 881902 MCN BUILD LLC 1214 28TH STREET NW WASHINGTON DC 20007 CONSTRUCTION SERVICES 808095 SHINBERG LEVINAS ARCHITECTS 5101 WISCONSIN AVE NW 310 WASH DC 20016 ARCHITECTURAL & ENGINEERING SERVICES 651713 PMM COMPANIES 15938 DERWOOD ROAD ROCKVILLE MD 20855 JANITORIAL AND FACILITIES MGMT. 611723 THE BRIDGESPAN GROUP 2 COPLEY PLACE SUITE 3700B BOSTON MA 02116 NONPROFIT ADVISORY SERVICES 359000 9 31145661 2837927 6300 33983588 CAFETERIA REVENUE 900099 720942 720942 PARENT PAYMENTS 900099 291131 291131 CHILD DEVELOPMENT CNTR 900099 165849 165849 E-RATE PROGRAM 900099 87829 87829 TANF PROGRAM 900099 61342 61342 45068 45068 1372161 26385 26385 CONSULTING SERVICES 900099 60002 60002 OTHER INCOME 900099 14674 14674 74676 35456810 1432163 0 41059 1014100 1014100 8546 8546 832712 97703 711450 23559 19934286 17196092 2614527 123667 400268 333311 62922 4035 1727061 1506051 212652 8358 1589365 1339658 239402 10305 89972 23599 66373 393952 393952 191969 188496 3473 542512 379758 81376 81378 154229 128789 24354 1086 3278656 3222588 38129 17939 1919066 1759133 156288 3645 165679 138352 26162 1165 DIRECT STUDENT COSTS 2545644 2545644 DUES/FEES/FINES 457961 375965 79970 2026 STAFF RELATED EXPENSES 404882 255023 141107 8752 AUTHORIZER FEES 325771 325771 296715 233504 60384 2827 36273346 30557816 5423315 292215 9488017 22993546 939764 1215872 1225041 1742852 1305161 657611 250000 250000 730501 361223 70335114 10152397 44330476 60182717 1249196 243089 59518156 87646910 2434652 8975792 33745 33745 12070000 11600000 31029132 53766029 186029 28806 45753558 74404372 X 12451372 11740905 1313226 1501633 13764598 13242538 59518156 87646910 X -816536 294476 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 1 27500 1 5000 0 32500 0 PART II-B, LINE 1: IN FY17, DC PREP ENGAGED IN THE FOLLOWING GRASSROOTS LOBBYING ACTIVITIES TO INFLUENCE LOCAL EDUCATION LEGISLATION AND INITIATIVES: TESTIFIED IN FRONT OF THE D.C. COUNCIL EDUCATION COMMITTEE REGARDING THE CITY'S EDUCATION BUDGET; TESTIFIED IN FRONT OF THE D.C. COUNCIL EDUCATION COMMITTEE REGARDING THE CITY'S SCHOOL HEALTH PROGRAM; TESTIFIED IN FRONT OF THE D.C. COUNCIL EDUCATION COMMITTEE REGARDING THE CITY'S AT-RISK STUDENT FUNDING; SUBMITTED TESTIMONY TO THE D.C. COUNCIL EDUCATION COMMITTEE REGARDING THE STATE OF SPECIAL EDUCATION SERVICES, SIGNED ONTO A LETTER WITH FRIENDS OF CHOICE IN URBAN SCHOOLS (FOCUS) IN SUPPORT OF STUDENTS PROTECTED BY DEFERRED ACTION FOR CHILDHOOD ARRIVALS (DACA) AND IN OPPOSITION OF D.C. COUNCIL PROPOSED STUDENT FAIR ACCESS ACT OF 2017; ATTENDED AND SPOKE AT COMMUNITY MEETINGS TO DISCUSS POTENTIAL BUILDINGS FOR FUTURE DC PREP SCHOOLS. 2902620 2902620 37759097 4668569 33090528 26828278 3267246 23561032 2845119 2216582 628537 60182717 INTEREST RATE SWAPS LIABILITY 28806 28806 X PART X, LINE 2: DC PREP PERFORMED AN EVALUATION OF UNCERTAINTY IN INCOME TAXES FOR THE YEARS ENDED JUNE 30, 2017 AND 2016, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 IN ALL MATERIALS, DC PREP IS DESCRIBED AS A PUBLIC SCHOOL, OPEN TO ALL ON A SPACE-AVAILABLE BASIS. SCHEDULE E, PART I, LINE 6 DC PREP IS A PUBLIC CHARTER SCHOOL AND RECEIVED FEDERAL FUNDS FROM THE U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES, U.S. DEPARTMENT OF EDUCATION, AND THE U.S. DEPARTMENT OF AGRICULTURE. 1 DC PREP SUPPORT CORPORATION 707 EDGEWOOD STREET NE WASHINGTON DC 20017 821574134 501(C)(3) 1014100 PROGRAM SUPPORT 1 0 HIGH SCHOOL/COLLEGE SCHOLARSHIPS 7 8546 PART I, LINE 2: A SCHOLARSHIP COMMITTEE (CURRENTLY MADE UP OF THE CEO, CHIEF DEVELOPMENT OFFICER, DIRECTOR OF HIGH SCHOOL PLACEMENT, DIRECTOR OF PREPNEXT, AND ALUMNI SUPPORT COUNSELORS) REVIEWS REQUESTS FROM THE FAMILIES OF ALUMNI STUDENTS WHO REQUIRE FINANCIAL SUPPORT IN ORDER TO ATTEND AN OUTSTANDING HIGH SCHOOL OR COLLEGE. IN ALL CASES, THE FUNDS ADDRESS THE SHORTFALL BETWEEN THE SCHOLARSHIP OFFER THE ALUMNI STUDENT HAS RECEIVED FROM THE INSTITUTION AND THE ACTUAL COST OF TUITION AND ASSOCIATED COSTS. THE FUNDS ARE SENT DIRECTLY TO THE SCHOOL WITH A LETTER DETAILING THE PURPOSE OF THE FUNDS. X X X 0 0 0 0 0 0 0 1 0 EMILY K LAWSON FOUNDER AND CEO; DIRECTOR 197178 0 0 0 0 0 10533 0 5356 0 213067 0 0 0 WENDY SCOTT CHIEF FINANCIAL OFFICER 166862 0 10000 0 0 0 8565 0 6054 0 191481 0 0 0 KATIE SEVERN PRESIDENT AND CHIEF ACADEMIC OFFICER 194136 0 20000 0 0 0 11290 0 6668 0 232094 0 0 0 NICOLE BRYAN SR. DIR. OF ELEMENTARY PROGRAMMING 143161 0 0 0 0 0 6396 0 6650 0 156207 0 0 0 PART I, LINE 7 ALL BONUSES PAID TO DC PREP'S OFFICERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES LISTED IN FORM 990, PART VII FOR THE 2016 CALENDAR YEAR WERE BASED ON AN APPRAISAL OF HIS/HER PERFORMANCE FOR THE YEAR ENDED JUNE 30, 2016. A DISTRICT OF COLUMBIA 536001131 254839J38 2005-06-15 5500000 REPAY OUTSTANDING NOTES USED TO PURCHASE/RENOVATE THE FIRST SCHOOL BUILDING 0 0 0 B DISTRICT OF COLUMBIA 536001131 254839W25 2007-06-26 9580000 REFINANCE AND FINANCE PURCHASE AND RENOVATION OF THE SECOND SCHOOL BUILDING 0 0 0 A 1500000 5500000 198106 5301894 2005 0 0 1 1 B 1980000 9580000 278787 9301213 2007 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 0 B 0 0 0 1 1 0 0 0 0 A 0 B 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: DISTRICT OF COLUMBIA DATE THE REBATE COMPUTATION WAS PERFORMED: 06/15/2016 ISSUER NAME: DISTRICT OF COLUMBIA DATE THE REBATE COMPUTATION WAS PERFORMED: 06/26/2017 SCHEDULE K SUPPLENTAL INFORMATION SCHEDULE K, PART II, LINE 7: FOR THE 2005 SERIES BOND, INCLUDED IN THE TOTAL ISSUANCE COST FROM PROCEEDS ARE THE FOLLOWING: LETTER OF CREDIT FEES ($51,806), INTEREST RATE CAP ($15,400), AND CREDIT ENHANCEMENT FEES ($3,475). FOR THE 2007 SERIES BOND, INCLUDED IN THE TOTAL ISSUANCE COST FROM PROCEEDS ARE THE FOLLOWING: LETTER OF CREDIT FEES ($80,707) AND CREDIT ENHANCEMENT FEES ($5,519). FORM 990, PART VI, SECTION A, LINE 4 DC PREP'S BOARD OF DIRECTORS ADOPTED A SET OF REVISED BYLAWS IN MAY 2017 TO REFLECT CHANGES AND/OR UPDATES TO (I) TERM LIMITS, (II) MEETING PROCEDURES, AND (III) DUTIES OF OFFICERS. FORM 990, PART VI, SECTION B, LINE 11B THE INFORMATION TO COMPLETE THE FEDERAL FORM 990 IS PROVIDED TO THE PREPARER BY DC PREP'S CONTRACTED ACCOUNTING SERVICE, ITS CFO AND CEO. ONCE THE INITIAL DRAFT FEDERAL FORM 990 IS COMPLETED, IT IS CIRCULATED TO THE AUDIT COMMITTEE FOR REVIEW AND ACCEPTANCE, FOLLOWED BY THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE MEMBERS OF DC PREP'S BOARD OF DIRECTORS, OFFICERS, AND KEY EMPLOYEES COMPLETE A CONFLICT OF INTEREST STATEMENT ON AN ANNUAL BASIS THAT IS REVIEWED BY THE BOARD CHAIRMAN AND CEO FOR ANY POTENTIAL CONFLICTS. ANY BOARD MEMBER WHO BELIEVES HIMSELF OR HERSELF TO HAVE A CONFLICT OF INTEREST IN A DECISION ON A SPECIFIC MATTER IS REQUIRED TO RECUSE HIMSELF OR HERSELF FROM THE DISCUSSION AND VOTE ON SAID MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE CEO WORKS WITH MEMBERS OF THE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS, USING COMPARATIVE COMPENSATION DATA OF ORGANIZATIONS OF SIMILAR SIZE IN THE CHARTER MANAGEMENT ORGANIZATION INDUSTRY, TO DETERMINE ANNUAL COMPENSATION OF OFFICERS AND KEY EMPLOYEES. COMPENSATION OF THE CEO IS PRESENTED TO THE BOARD OF DIRECTORS BY THE CHAIR OF THE GOVERNANCE COMMITTEE IN EXECUTIVE SESSION OF A REGULARLY SCHEDULED BOARD MEETING. THE CEO IS NOT PRESENT FOR THE DISCUSSION. AS IT TAKES PLACE IN EXECUTIVE SESSION, THE NOTES FROM THAT DISCUSSION ARE NOT A PART OF THE REGULAR MINUTES FOR THE BOARD MEETING. THE CHAIR OF THE GOVERNANCE COMMITTEE MAINTAINS A WRITTEN DESCRIPTION OF THAT DISCUSSION THAT INCLUDES THOSE BOARD MEMBERS PRESENT AND ACKNOWLEDGES THEIR UNANIMOUS DECISION. TO DRAW UP ITS RECOMMENDATION FOR COMPENSATION, THE GOVERNANCE COMMITTEE MAKES USE OF DATA OF COMPARABLE ORGANIZATIONS (MULTIPLE-CAMPUS CHARTER SCHOOLS) BASED ON RESEARCH CONDUCTED ON CHARTER SCHOOLS BY EDUCATION ORGANIZATIONS AND GROUPS. THE DATA SHOWS THAT THE CEO'S COMPENSATION IS GENERALLY IN LINE WITH ORGANIZATIONS OF SIMILAR SIZE AND ACHIEVEMENT. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. ALSO, MANY OF THE GOVERNING DOCUMENTS AND THE FINANCIAL STATEMENTS ARE AVAILABLE FROM THE DC PUBLIC CHARTER SCHOOL BOARD, DC PREP'S AUTHORIZER. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INTEREST RATE SWAPS 157,223. UNAMORTIZED DISCOUNT 137,253. DC PREP SUPPORT CORPORATION 707 EDGEWOOD STREET NE WASHINGTON DC 20017 821574134 TO SUPPORT D.C. PREPARATORY ACADEMY DC 501(C)(3) LINE 12A, I DC PREPARATORY ACADEMY 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 DC PREP SUPPORT CORPORATION B 1014000 FMV