2017-02-15T10:38:49-06:00 2016-06-30 521511275 RAFFA PC 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2015-07-01 020550253 DC PREPARATORY ACADEMY DCPR 2026354590 707 EDGEWOOD STREET NE WASHINGTON DC 20017 EMILY K LAWSON FOUNDER/CEO 2026354590 2017-02-15 1 FRANK H SMITH P00639053 2028225000 2017-02-14 2015 2021-01-29 14:40:06Z EMILY K LAWSON 707 EDGEWOOD STREET NE WASHINGTON DC 20017 32054398 0 X WWW.DCPREP.ORG X 2001 DC DC PREP IS A NETWORK OF PUBLIC CHARTER SCHOOLS SERVING STUDENTS IN WASHINGTON, DC. 15 15 387 75 0 0 26693021 30704806 1053203 1235981 47202 14096 1740 7618 27795166 31962501 24225 5742 0 0 18238837 21615777 0 0 296546 8642919 10436137 26905981 32057656 889185 -95155 58428682 59518156 44550102 45753558 13878580 13764598 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 26390215 5742 1235981 DC PREP'S 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 OVER 1,700 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 2016, 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 FIFTH CONSECUTIVE YEAR. IN ADDITION, FOR THE SECOND 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 OUR MISSION, EVERY DC PREP 8TH GRADE GRADUATE (N=340) HAS BEEN ACCEPTED BY A COLLEGE-PREP HIGH SCHOOL, WITH OVER TWO-THIRDS OFFERED ADMISSION TO SELECTIVE SCHOOLS INCLUDING BENJAMIN BANNEKER, CHOATE ROSEMARY HALL, BULLIS, THE FIELD SCHOOL, GEORGETOWN VISITATION, THE HILL SCHOOL, MARET, PHILLIPS ACADEMY ANDOVER, PHILLIPS EXETER ACADEMY, ST. ALBANS, SIDWELL FRIENDS SCHOOL, AND SCHOOL WITHOUT WALLS, AMONG OTHERS. THESE STUDENTS HAVE EARNED $7M IN SCHOLARSHIP SUPPORT. FURTHER, 96% OF DC PREP'S FIRST SIX GRADUATING CLASSES HAVE EARNED THEIR HIGH SCHOOL DIPLOMAS. IN ADDITION, 80% 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 3,500 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. 26390215 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 66 0 1 387 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X WENDY SCOTT 2026354590 707 EDGEWOOD STREET NE WASHINGTON DC 20017 LE ROY TERRY EAKIN III CHAIR 5.00 X X 0 0 0 BRIAN JONES VICE CHAIR 1.00 X X 0 0 0 ERIC PRICE TREASURER 1.00 X X 0 0 0 KATHERINE BOONE SECRETARY 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 LISA DIXON DIRECTOR - UNTIL 01/2016 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 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 VALERIE ROCKEFELLER WAYNE DIRECTOR 1.00 X 0 0 0 EMILY K LAWSON FOUNDER/CEO; DIR. - UNTIL 05/2016 40.00 X X 219546 0 10984 WENDY SCOTT CHIEF FINANCIAL OFFICER 40.00 X 172113 0 9923 KATHLEEN ROUSE COO - UNTIL 5/2016 40.00 X 162000 0 7670 KATIE SEVERN CHIEF ACADEMIC OFFICER 40.00 X 205591 0 17097 SHAUNTE EDMONDS PRINCIPAL 40.00 X 144695 0 5584 NICOLE BRYAN SR. DIR. OF ELEMENTARY PROGRAMMING 40.00 X 133896 0 13003 ELIZABETH IBBY JEPPSON CHIEF DEVELOPMENT OFFICER 40.00 X 128950 0 5576 CASSIE PERGAMENT PRINCIPAL 40.00 X 128210 0 15874 RAYMOND WEEDEN PRINCIPAL 40.00 X 127916 0 15712 1422917 0 101423 15 0 1 0 REVOLUTION FOODS PO BOX 742759 LOS ANGELES CA 90074 FOOD SERVICES 778643 MCN BUILD LLC 1214 28TH STREET NW WASHINGTON DC 20007 CONSTRUCTION SERVICES 505434 PMM COMPANIES 15938 DERWOOD ROAD ROCKVILLE MD 20855 JANITORIAL AND FACILITIES MGMT 363167 END-TO-END SOLUTIONS FOR SP ED 714 G STREET SE 201 WASHINGTON DC 20003 SPECIAL EDUCATION SERVICES 229838 EDOPS 1611 CONNECTICUT AVENUE NW SUITE WASHINGTON DC 20009 ACCOUNTING AND FINANCE 224934 7 5 28534221 2170580 95068 30704806 CAFETERIA REVENUE 900099 631441 631441 PARENT PAYMENTS 900099 240233 240233 CHILD DEVELOPMENT CNTR 900099 195994 195994 MEDICAID PROGRAM 900099 52218 52218 SCHOOL PROGRAMMING 900099 50000 50000 66095 66095 1235981 16100 16100 89893 91897 -2004 -2004 -2004 OTHER INCOME 900099 7618 7618 7618 31962501 1235981 0 21714 5742 5742 820355 96420 699653 24282 17564397 14947477 2503246 113674 370860 296109 70663 4088 1454963 1247489 199790 7684 1405202 1163431 232118 9653 134417 18500 115917 337260 337260 227103 210241 16862 531478 372035 79721 79722 229637 188225 39693 1719 3190197 3112592 58661 18944 2035318 1879442 152104 3772 220772 180959 38161 1652 DIRECT STUDENT COSTS 2137575 2137575 DUES/FEES/FINES 454353 377753 74056 2544 STAFF RELATED EXPENSES 310433 168002 133977 8454 AUTHORIZER FEES 296830 296830 330764 198464 128804 3496 32057656 26390215 5370895 296546 10311283 9488017 2217210 939764 942512 1225041 1629237 1305161 0 250000 406270 730501 52564056 8233580 41550411 44330476 1371759 1249196 58428682 59518156 2033779 2434652 33745 33745 12520000 12070000 29816437 31029132 146141 186029 44550102 45753558 X 11578732 12451372 2299848 1313226 13878580 13764598 58428682 59518156 -95155 -39888 21061 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 1 25000 1 5000 0 30000 0 PART II-B, LINE 1: IN FY16, 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; TESTIFIED IN FRONT OF THE D.C. STATE BOARD OF EDUCATION REGARDING THE EVERY STUDENT SUCCEEDS ACT, 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 THE SOAR ACT REAUTHORIZATION; ATTENDED AND SPOKE AT COMMUNITY MEETINGS TO DISCUSS POTENTIAL BUILDINGS FOR FUTURE DC PREP SCHOOLS. 2902620 2902620 19849033 4220120 15628913 26824528 2128251 24696277 2586891 1885209 701682 400984 400984 44330476 INTEREST RATE SWAPS LIABILITY 186029 186029 X 32080632 -39888 158019 118131 31962501 0 31962501 32194614 136958 136958 32057656 0 32057656 PART X, LINE 2: DC PREP PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED JUNE 30, 2016 AND 2015, 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 HIGH SCHOOL/COLLEGE SCHOLARSHIPS 2 5742 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/CEO; DIR. - UNTIL 05/2016 194546 0 25000 0 0 0 10439 0 545 0 230530 0 0 0 WENDY SCOTT CHIEF FINANCIAL OFFICER 162113 0 10000 0 0 0 4338 0 5585 0 182036 0 0 0 KATHLEEN ROUSE COO - UNTIL 5/2016 152000 0 10000 0 0 0 7125 0 545 0 169670 0 0 0 KATIE SEVERN CHIEF ACADEMIC OFFICER 185591 0 20000 0 0 0 10953 0 6144 0 222688 0 0 0 SHAUNTE EDMONDS PRINCIPAL 122695 0 22000 0 0 0 0 0 5584 0 150279 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 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 1320000 5500000 198106 5301894 2005 0 0 1 1 B 1690000 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: 06/26/2016 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). X 3750 FMV X 4 91318 FMV 0 0 0 PART I, COLUMN (B): THE AMOUNT IN THIS COLUMN REPRESENTS THE NUMBER OF CONTRIBUTIONS FOR THE TYPE OF PROPERTY. FORM 990, PART VI, SECTION B, LINE 11 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. THE CEO'S 2016 FISCAL YEAR COMPENSATION WAS REVIEWED IN JULY 2015. THE OTHER OFFICERS AND KEY EMPLOYEES' FISCAL YEAR COMPENSATION WAS REVIEWED IN AUGUST 2015. 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.