2017-04-11T12:25:14-05:00 2016-06-30 420714325 RSM US LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2015-07-01 742974642 KIPP DC KIPP 2022655477 2600 VIRGINIA AVENUE NW NO 900 WASHINGTON DC 20037 SUSAN SCHAEFFLER MEMBER/CEO 2022655477 2017-04-10 1 WILLIAM E TURCO CPA P00369217 3012963600 2015 2021-01-29 14:40:06Z SUSAN SCHAEFFLER 2600 VIRGINIA AVENUE NW NO 900 WASHINGTON DC 20037 128679127 0 X WWW.KIPPDC.ORG X 2001 DC KIPP DC'S MISSION IS TO CREATE AND SUSTAIN THE HIGHEST QUALITY SCHOOL SYSTEM (SEE SCHEDULE O) 14 12 967 63 0 0 23497841 36501436 81483545 90655801 302681 329415 770563 1115631 106054630 128602283 12574640 0 0 0 52198782 59886895 0 0 929203 34775307 39577973 99548729 99464868 6505901 29137415 215805097 290390078 115303783 164297710 100501314 126092368 X KIPP DC'S MISSION IS TO CREATE AND SUSTAIN THE HIGHEST QUALITY SCHOOL SYSTEM FOR THE MOST UNDERSERVED COMMUNITIES IN WASHINGTON, D.C. KIPP DC STUDENTS DEVELOP THE KNOWLEDGE, SKILLS, AND CHARACTER NECESSARY TO BECOME THOUGHTFUL, INFLUENTIAL, AND SUCCESSFUL CITIZENS IN THE COMPETITIVE WORLD. KIPP DC RAISES EXPECTATIONS OF PUBLIC EDUCATION IN UNDERSERVED COMMUNITIES BY CULTIVATING HIGH-PERFORMING EDUCATIONAL LEADERS AND BY SERVING AS A MODEL OF EXCELLENCE. 0 0 88187392 90918168 KIPP DC IS A NETWORK OF HIGH-PERFORMING, PUBLIC, COLLEGE-PREPARATORY CHARTER SCHOOLS IN WASHINGTON, D.C., WHICH SERVES THE CITY'S UNDER-RESOURCED COMMUNITIES. AT KIPP DC, THERE ARE NO SHORTCUTS. OUTSTANDING EDUCATORS, MORE TIME IN SCHOOL, A RIGOROUS COLLEGE-PREPARATORY CURRICULUM, AND A STRONG CULTURE OF ACHIEVEMENT AND SUPPORT HELP OUR STUDENTS MAKE SIGNIFICANT ACADEMIC GAINS AND CONTINUE TO EXCEL IN HIGH SCHOOL AND COLLEGE.KIPP DC STUDENTS ARE SOME OF THE HARDEST WORKING YOUNG PEOPLE IN D.C., SPENDING APPROXIMATELY 30% MORE TIME IN SCHOOL THAN TRADITIONAL STUDENTS WITH AN EXTENDED SCHOOL DAY, WEEK, AND YEAR. IN ADDITION TO CORE SUBJECTS LIKE MATH AND READING, THE SCHOOL DAY INCLUDES MUSIC, FOREIGN LANGUAGE, P.E., AND CHARACTER EDUCATION. EACH SCHOOL LEADER AND TEACHER IS GIVEN THE "POWER TO LEAD AND TO DO WHATEVER IS NECESSARY TO ACHIEVE KIPP DC'S GOALS AND TO MEET EACH STUDENT'S NEEDS. SUBSEQUENTLY, LESSONS ARE DIFFERENTIATED THROUGH BOTH BLENDED LEARNING OPPORTUNITIES AND TARGETED, SMALL GROUP INSTRUCTION. ADDITIONAL ENRICHMENT OPPORTUNITIES ARE AVAILABLE AFTER SCHOOL AND DURING KIPP DC'S SATURDAY SCHOOL, INCLUDING SPORTS, DANCE, DRAMA, VISUAL ART, CONCERT ORCHESTRA, DRUM LINE, CHESS, ROBOTICS, AND PUBLISHING.OUR STANDARDIZED TEST RESULTS CONTINUE TO ILLUSTRATE THE IMPACT OF ADDITIONAL LEARNING TIME, HIGH-QUALITY TEACHING, AND A CULTURE OF ACHIEVEMENT AND SUCCESS. MOST IMPORTANTLY, THEY REVEAL THAT KIPP DC IS CLOSING THE ACHIEVEMENT GAP THAT EXISTS BETWEEN WHITE/NON-HISPANIC STUDENTS AND AFRICAN AMERICAN STUDENTS AT PUBLIC AND PUBLIC CHARTER SCHOOLS IN D.C. FOR MORE THAN A DECADE, STUDENTS AT KIPP DC SCHOOLS HAVE BEEN AMONG THE HIGHEST PERFORMING IN THE DISTRICT, OFTEN EARNING THE TOP SPOT IN PROFICIENCY IN MATH AND READING ON THE DC COMPREHENSIVE ASSESSMENT. IN ORDER TO BETTER SUPPORT KIPP DC STUDENTS IN HIGH SCHOOL AND COLLEGE, KIPP DC CREATED THE KIPP THROUGH COLLEGE PROGRAM (KTC). KTC PROVIDES KIPP DC ALUMNI WITH THE TOOLS AND SUPPORT NEEDED TO ATTAIN A COLLEGE DEGREE AND SUCCEED IN THE COMPETITIVE WORKFORCE. THE KTC TEAM WORKS WITH ALUMNI FROM SEVENTH GRADE THROUGH TO THEIR SENIOR YEAR OF COLLEGE TO ENSURE THAT THEY STAY ON THE PATH TO GRADUATION AND A LIFE FILLED WITH CHOICE AND OPPORTUNITY. PERHAPS THE MOST IMPORTANT INDICATORS OF KIPP DC'S IMPACT ARE THE RATES AT WHICH OUR ALUMNI ARE GRADUATING FROM HIGH SCHOOL, MATRICULATING TO COLLEGE, AND EARNING DEGREES. KIPP DC KNOWS THAT TEACHER QUALITY IS A KEY FACTOR WHEN IT COMES TO PROVIDING AN EXCEPTIONAL EDUCATION TO STUDENTS OF ALL BACKGROUNDS. TO ADDRESS THIS CRITICAL NEED, KIPP DC FOUNDED THE CAPITAL TEACHING RESIDENCY (CTR) IN PARTNERSHIP WITH E.L. HAYNES PUBLIC CHARTER SCHOOL. CTR IS A YEAR-LONG TEACHER TRAINING RESIDENCY DESIGNED TO INCREASE THE NUMBER OF HIGHLY EFFECTIVE TEACHERS IN THE DISTRICT OF COLUMBIA. JUST AS MEDICAL RESIDENTS TRAIN WITH EXPERIENCED DOCTORS IN TEACHING HOSPITALS, CTR RESIDENTS TRAIN AND LEARN ALONGSIDE AN EXCELLENT TEACHER WORKING WITHIN A HIGH-PERFORMING CHARTER SCHOOL. THE PROGRAM IS HIGHLY SELECTIVE TO ENSURE THAT THE CANDIDATES WITH THE GREATEST POTENTIAL OF SUCCESS ARE CHOSEN AND ALL RESIDENTS COMMIT TO TEACHING IN D.C. FOR A MINIMUM OF TWO YEARS AFTER COMPLETING THE PROGRAM. 88187392 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 1 155 0 1 967 1 0 0 0 0 0 1 1 0 0 0 0 X 14 12 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 0 0 DC X DEA WATKINS 2022655477 2600 VIRGINIA AVENUE NW NO 900 WASHINGTON DC 20037 TERENCE GOLDEN BOARD CHAIR 3.00 X X 0 0 0 JOHN DUFF TREASURER 2.00 X X 0 0 0 DAVID BRADLEY MEMBER 1.00 X 0 0 0 DON GRAHAM MEMBER 1.00 X 0 0 0 TONY LEWIS MEMBER 1.00 X 0 0 0 HUDSON LAFORCE MEMBER 1.00 X 0 0 0 CAROL LUDWIG MEMBER 1.00 X 0 0 0 STUART SOLOMON MEMBER 1.00 X 0 0 0 ALAN WURTZEL MEMBER 1.00 X 0 0 0 MARTIN RODGERS MEMBER 1.00 X 0 0 0 TONYA MCLAUGHLIN MEMBER 1.00 X 0 0 0 LUCRETIA TALLY MEMBER 1.00 X 0 0 0 HEIMY SALGADO MEMBER/TEACHER 40.00 0.50 X 94174 0 7932 SUSAN SCHAEFFLER MEMBER/CEO 40.00 1.50 X X 245657 0 12742 ALLISON FANSLER PRESIDENT & COO 40.00 1.00 X 208424 0 11396 ALEXANDER SHAWE SECRETARY/GEN. COUNSEL UNTIL 02/2016 40.00 1.50 X 167846 0 17339 KATIE COLE SECRETARY/GEN. COUNSEL FROM 04/2016 40.00 1.50 X 0 0 0 JANE HOFFMAN FINANCIAL OFFICIAL UNTIL 10/2015 40.00 X 121134 0 10634 DANE ANDERSON FINANCIAL OFFICIAL FROM 07/2015 40.00 0.50 X 81700 0 2463 JESSICA CUNNINGHAM PRINCIPAL 40.00 X 234319 0 12889 MICHAEL CORDELL CHIEF ACADEMIC OFFICER 40.00 X 159609 0 25032 ANDHRA LUTZ PRINCIPAL 40.00 X 152362 0 9184 SUSAN TOTH PRINCIPAL 40.00 X 152112 0 9177 CHERESE BRAUER PRINCIPAL 40.00 X 144883 0 11239 1762220 0 130027 41 0 1 0 THE WHITING TURNER CONTRACTING COMPANY 6305 IVY LANE SUITE 800 GREENBELT MD 20770 CONSTRUCTION SERVICES 25583843 REVOLUTION FOODS INC PO BOX 742759 LOS ANGELES CA 900742759 FOOD SERVICES 3835201 PMM COMPANY 15938 DERWOOD ROAD ROCKVILLE MD 20855 CLEANING SERVICES 1563192 BUILDING HOPE 910 17TH STREET NW SUITE 1100 WASHINGTON DC 20006 TECHNOLOGY SERVICES 1162025 MCN BUILDING 1214 28TH ST NW WASHINGTON DC 20018 CONSTRUCTION SERVICES 996655 47 25242 6287164 14184564 16004466 6346670 36501436 PUPIL ALLOCATION & FEE 900099 90655801 90655801 90655801 329415 329415 583027 0 583027 583027 583027 189660 25242 76844 112816 112816 OTHER INCOME 900099 157421 157421 STUDENT UNIFORMS 900099 154760 154760 STUDENT FEES 900099 107607 107607 419788 128602283 90918168 0 1182679 775807 379596 396211 49901543 44802333 4561734 537476 2196508 1925861 252741 17906 3113563 2541273 596381 -24091 3899474 3475281 382869 41324 50092 2525 47567 304061 304061 422269 135020 282249 5000 328089 71145 4992 251952 1006836 864331 122034 20471 2674299 2059374 609657 5268 10568929 9743884 825045 77198 58640 16107 2451 1444024 944351 496318 3355 4760517 4760517 4048396 3885617 162779 454567 454567 DIRECT STUDENT EXPENSES 6603764 6603764 FOOD SERVICE EXP 4983365 4983365 CHARTER BOARD ADMIN FEE 1016444 1016444 LICENSES, DUES & MEMBER 281090 250953 28440 1697 554033 699562 -211923 66394 99464868 88187392 10348273 929203 5369843 2790644 67250648 78104911 9394121 9670577 17705702 17705702 1110401 573752 173182153 17329668 109697731 155852485 21571377 5276651 4120630 215805097 290390078 9853495 10387020 5296 63767861 105317639 31380197 35389000 10296934 13204051 115303783 164297710 X 93614240 111287282 6887074 14805086 100501314 126092368 215805097 290390078 X 29137415 -9626 -3536735 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8900235 8900235 144534377 16596515 127937862 546396 453247 93149 19201145 279906 18921239 155852485 CAPITAL LEASE PAYABLE 1399733 DEFERRED RENT 6910586 INTEREST RATE SWAP OBLIGATION 4893732 13204051 X 125099466 -9626 -3570035 -3579661 128679127 -76844 -76844 128602283 100226185 761317 761317 99464868 0 99464868 PART X, LINE 2: KIPP DC IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE IRC AND IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION. KIPP DC IS EXEMPT FROM FEDERAL TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. KIPP DC DID NOT HAVE ANY NET UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2015 AND 2014. DOUGLASS QALICB IS A DISTRICT OF COLUMBIA NON-STOCK, NON-PROFIT ORGANIZATION. SHAW QALICB IS A DISTRICT OF COLUMBIA NON-STOCK, NON-PROFIT ORGANIZATION. DOUGLASS QALICB MAY FILE FOR TAX-EXEMPT STATUS UNDER SECTION 501(C)(2). KIPP DC FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, KIPP DC MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES AND ACCOUNTING IN INTERIM PERIODS. INTEREST AND PENALTIES ASSOCIATED WITH UNRECOGNIZED TAX BENEFITS ARE CLASSIFIED AS ADDITIONAL INCOME TAXES IN THE CONSOLIDATED STATEMENTS OF ACTIVITIES. KIPP DC FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. AS OF JUNE 30, 2015, THERE WERE NO MATERIAL UNRECOGNIZED/DERECOGNIZED TAX BENEFITS OR TAX PENALTIES OR INTEREST. GENERALLY, KIPP DC IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITY ACTIVITIES REPORTED ON THE CONSOLIDATED FS -33,300. UNREALIZED LOSS ON INTEREST RATE CAP AGREEMENTS -158. UNREALIZED LOSS ON INTEREST RATE SWAP AGREEMENTS -3,536,577. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES REPORTED ON LINE 8B -76,844. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITY ACTIVITIES REPORTED ON THE CONSOLIDATED FS 684,473. SPECIAL EVENT EXPENSES REPORTED ON LINE 8B 76,844. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL CHILDREN ARE TREATED THE SAME REGARDLESS OF ABILITY TO PAY. IN THE OPERATION OF CHILD NUTRITION PROGRAMS NO CHILD WILL BE DISCRIMINATED AGAINST BECAUSE OF RACE, COLOR, SEX, AGE, DISABILITY, OR NATIONAL ORIGIN. SCHEDULE E, PART I, LINE 6 KIPP DC WAS ORGANIZED FOR THE PURPOSE OF OPERATING A PUBLIC CHARTER SCHOOL FOR EDUCATIONALLY UNDERSERVED CHILDREN RESIDING IN WASHINGTON, D.C. KIPP DC RECEIVES A PER STUDENT ALLOCATION FROM THE DISTRICT OF COLUMBIA TO COVER THE COST OF ACADEMIC AND FACILITIES EXPENSES. KIPP DC ALSO RECEIVES OTHER GOVERNMENT GRANTS IN SUPPORT OF THIS MISSION. KIPP PROM 214902 25242 189660 1136 75708 214902 25242 189660 1136 75708 76844 112816 X X X 0 0 0 0 0 0 0 1 0 SUSAN SCHAEFFLER MEMBER/CEO 245657 0 0 0 0 0 7460 0 7346 0 260463 0 0 0 ALLISON FANSLER PRESIDENT & COO 208424 0 0 0 0 0 6364 0 8039 0 222827 0 0 0 ALEXANDER SHAWE SECRETARY/GEN. COUNSEL UNTIL 02/2016 167846 0 0 0 0 0 5271 0 12182 0 185299 0 0 0 JESSICA CUNNINGHAM PRINCIPAL 209319 0 25000 0 0 0 7078 0 5926 0 247323 0 0 0 MICHAEL CORDELL CHIEF ACADEMIC OFFICER 159609 0 0 0 0 0 5328 0 22318 0 187255 0 0 0 ANDHRA LUTZ PRINCIPAL 152362 0 0 0 0 0 4583 0 4716 0 161661 0 0 0 SUSAN TOTH PRINCIPAL 152112 0 0 0 0 0 4575 0 4710 0 161397 0 0 0 CHERESE BRAUER PRINCIPAL 140883 0 4000 0 0 0 4428 0 7017 0 156328 0 0 0 PART I, LINE 7 BONUSES WERE MANAGEMENT APPROVED BASED ON THE INDIVIDUALS PERFORMANCE. A DISTRICT OF COLUMBIA 536001131 25483VPF5 2013-08-01 63827034 CONSTRUCTION OF SCHOOL BUILDING 0 0 0 B DISTRICT OF COLUMBIA 536001131 2014-09-30 38000000 CONSTRUCTION OF SCHOOL BUILDING 0 0 0 C DISTRICT OF COLUMBIA 536001131 2015-08-27 20000000 CONSTRUCTION OF SCHOOL BUILDING 0 0 0 A 63827034 4206409 1240839 30414126 28947026 2014 1 0 0 1 B 38000000 35988284 2011716 0 0 0 1 C 20000000 18732727 1267273 0 0 0 1 A 0 0 0 0 0.00030 0.00000 0.00030 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 1 1 PNC BANK NA 11.000000000000 0 0 0 0 1 C 0 1 0 0 1 1 COMPASS MORTGAGE CORPORATION 11.000000000000 0 0 0 0 1 A 1 B 1 C 1 X 1 100080 FMV X 1 6246590 BOOK VALUE 0 0 0 FORM 990, PART I, LINE 1 FOR THE MOST UNDERSERVED COMMUNITIES IN WASHINGTON, D.C. KIPP DC RAISES THE EXPECTATIONS OF PUBLIC EDUCATION IN UNDERSERVED COMMUNITIES BY CULTIVATING HIGH-PERFORMING EDUCATIONAL LEADERS AND BY SERVING AS A MODEL OF EXCELLENCE. KIPP DC IS A NETWORK OF HIGH-PERFORMING, COLLEGE-PREPARATORY PUBLIC CHARTER SCHOOLS. ALL KIPP DC SCHOOLS ARE TUITION-FREE, OPEN ENROLLMENT SCHOOLS, AND ACTIVELY RECRUIT AND SERVE STUDENTS IN THE CITY'S MOST UNDER-RESOURCED COMMUNITIES. AT KIPP DC, THERE ARE NO SHORTCUTS. OUTSTANDING EDUCATORS AND STAFF, MORE TIME IN SCHOOL, A RIGOROUS COLLEGE PREPARATORY-CURRICULUM, AND A STRONG CULTURE OF ACHIEVEMENT AND SUPPORT HELP OUR STUDENTS MAKE SIGNIFICANT ACADEMIC GAINS AND CONTINUE TO EXCEL IN HIGH SCHOOL AND COLLEGE. IN ADDITION TO OPERATING HIGH-PERFORMING SCHOOLS, KIPP DC IS SUPPORTED BY TWO CRITICAL PROGRAMS CENTRAL TO THE GOAL OF HELPING UNDERSERVED STUDENTS GET TO AND THROUGH COLLEGE: KIPP THROUGH COLLEGE AND THE CAPITAL TEACHING RESIDENCY. KIPP THROUGH COLLEGE SUPPORTS KIPP DC ALUMNI ON THEIR JOURNEY TO A COLLEGE DEGREE - HELPING THEM NAVIGATE THE APPLICATION PROCESS, ACCESS FINANCIAL AID, CONNECT TO SUMMER INTERNSHIPS, AND BUILD THE ADVOCACY AND DECISION-MAKING SKILLS NEEDED TO PERSIST AND GRADUATE. THE CAPITAL TEACHING RESIDENCY IS AN AWARD WINNING TEACHER-TRAINING PROGRAM DESIGNED TO INCREASE THE PIPELINE OF HIGHLY-EFFECTIVE EDUCATORS IN THE DISTRICT OF COLUMBIA. THESE PROGRAMS, COUPLED WITH EXCEPTIONAL PREK3 THROUGH 12 SCHOOLS, MAKE KIPP DC ONE OF THE HIGHEST-PERFORMING PUBLIC SCHOOL NETWORKS IN THE DISTRICT OF COLUMBIA AND A NATIONAL MODEL OF EXCELLENCE IN URBAN EDUCATION. FORM 990, PART I, LINE 6, ESTIMATED NUMBER OF VOLUNTEERS VOLUNTEERS SUPPORT KIPP DC THROUGH A WIDE RANGE OF PROJECTS INCLUDING TUTORING, MENTORSHIP, CAMPUS BEAUTIFICATION, AND THE CHAPERONING OF FIELD TRIPS. FORM 990, PART VI, SECTION A, LINE 7B THE DISTRICT OF COLUMBIA PUBLIC CHARTER SCHOOL BOARD (PCSB) IS KIPP DC'S CHARTERING AUTHORITY AND HAS A DUTY TO MONITOR THE ACADEMIC ACHIEVEMENTS AND FISCAL MANAGEMENT OF ALL DC PUBLIC CHARTER SCHOOLS. CERTAIN CONTRACTS WITH A VALUE OF $25,000 OR MORE MUST BE APPROVED BY THE KIPP DC BOARD OF DIRECTORS AND SUBMITTED FOR REVIEW BY THE PCSB. FORM 990, PART VI, SECTION B, LINE 11 KIPP DC'S FINANCE COMMITTEE, A COMMITTEE OF THE BOARD OF DIRECTORS, MEETS WITH MANAGEMENT AND THE FORM 990 PAID PREPARERS TO REVIEW THE FINAL DRAFT OF THE FORM 990. AFTER THIS REVIEW, THE FINAL DRAFT OF THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE KIPP DC BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C KIPP DC'S DIRECTORS COMPLETE AN ANNUAL STATEMENT AFFIRMING THAT THEY HAVE RECEIVED A COPY OF KIPP DC'S CONFLICTS OF INTEREST POLICY, HAVE READ AND UNDERSTOOD THE POLICY, AND AGREE TO COMPLY WITH THE POLICY. THEY ALSO DISCLOSE IN THE ANNUAL STATEMENT ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST THEY MAY HAVE. AFTER DISCLOSURE OF THE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST AND ALL MATERIAL FACTS, THE INTERESTED PERSON MUST LEAVE THE BOARD OF DIRECTORS MEETING. THE BOARD OF DIRECTORS THEN DECIDES IF A CONFLICT OF INTEREST EXISTS AND, IF SO, THE PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD CHAIR LEADS THE PROCESS FOR RECOMMENDING THE COMPENSATION LEVEL FOR THE CEO, AND THE FULL BOARD OF DIRECTORS APPROVES THE FINAL CEO COMPENSATION LEVEL. THE CHAIR CONSIDERS THE FOLLOWING FACTORS IN DEVELOPING THE RECOMMENDED CEO COMPENSATION: COMPARABLE DATA INCLUDING DATA FROM OTHER KIPP REGIONS AND AN ANALYSIS BY A NATIONAL CHARTER SCHOOL FUNDER ON CEO COMPENSATION RELATIVE TO GEOGRAPHY AS WELL AS NUMBER OF SCHOOLS; THE CHANGE IN SCALE AND SCOPE OF THE ORGANIZATION; THE ORGANIZATION'S PERFORMANCE AS WELL AS STUDENT PERFORMANCE; THE CEO'S PRIOR COMPENSATION; AND THE FINANCIAL ABILITY OF THE ORGANIZATION TO PAY THE RECOMMENDED COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON INTEREST RATE CAP AGREEMENTS -158. UNREALIZED LOSS ON INTEREST RATE SWAP AGREEMENTS -3,536,577. WOODROCK LLC 2600 VIRGINIA AVE NW SUITE 900 WASHINGTON DC 20037 582684134 LEASE HOLDER DC KIPP DC KIPP DC - DOUGLASS QALICB INC 2600 VIRGINIA AVENUE NW WASHINGTON DC 20037 264544894 CHARTER SCHOOL REAL ESTATE DC 501(C)(2) KIPP DC 1 KIPP DC - SHAW QALICB INC 2600 VIRGINIA AVENUE NW WASHINGTON DC 20037 453261015 CHARTER SCHOOL REAL ESTATE DC 501(C)(2) KIPP DC 1 KIPP DC SUPPORTING CORP 2600 VIRGINIA AVENUE NW WASHINGTON DC 20037 471876264 SUPPORT KIPP DC DC 501(C)(3) LINE 11C, III-FI N/A 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 KIPP DC - DOUGLASS QALICB INC K 1842424 COST KIPP DC - SHAW QALICB INC D 23520000 COST KIPP DC - SHAW QALICB INC K 1101244 COST KIPP DC - DOUGLASS QALICB INC C 6246590 BOOK VALUE