2017-05-15T16:16:57-05:00 2016-06-30 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2015-07-01 202629354 DEMOCRACY PREP PUBLIC SCHOOLS INC DEMO 6468299659 1767 PARK AVENUE 4TH FLOOR NEW YORK NY 10035 GREG SPREEMAN CHIEF EXECUTIVE OFFICER 6468299659 2017-05-15 1 GARRETT M HIGGINS P00543209 2122862600 2017-05-15 2015 2021-01-29 14:40:06Z GREG SPREEMAN 1767 PARK AVENUE 4TH FLOOR NEW YORK NY 10035 12281103 0 X WWW.DEMOCRACYPREP.ORG X 2005 NY THE ORGANIZATION PROVIDES CHARTER SCHOOLS WITH MANAGEMENT SERVICES. 9 8 227 8 0 0 4334452 1916657 9737911 10286549 -311 0 -31648 -16419 14040404 12186787 875986 593218 0 0 8673820 9602926 0 0 9576 3831127 3218941 13380933 13415085 659471 -1228298 1819538 1839070 1316669 2551092 502869 -712022 THE ORGANIZATION MANAGES AND OPERATES HIGH-PERFORMING CHARTER SCHOOLS. 0 0 11956488 593218 10286549 THE ORGANIZATION PROVIDES CHARTER SCHOOL MANAGEMENT SERVICES TO EIGHTH CHARTER SCHOOLS. 11956488 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 33 0 227 1 0 0 0 0 0 1 1 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 ALLYSON DOWNEY DIRECTOR 5.00 X 0 0 0 CHRIS KRAUS 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 ERHARD MARIUS DIRECTOR 5.00 X 0 0 0 KATHRYN DUFFY STANTON DIRECTOR AND CHIEF EXECUTIVE OFFICER 65.00 X X 233214 0 22592 HOWARD SCHNIDMAN CHIEF FINANCIAL OFFICER THRU 10/15 65.00 X 127893 0 21428 GREG SPREEMAN CHIEF FINANCIAL OFFICER AS OF 10/15 65.00 X 49775 0 8 KENT ANKER GENERAL COUNSEL 65.00 X 168238 0 27320 LINDSAY MALANGA SUPERINTENDENT 65.00 X 160854 0 18472 LINDA EASTON JONES SR. DIRECTOR OF HR 65.00 X 129973 0 14724 LISA FRISCIA SR. DIRECTOR OF LEADER U 65.00 X 140511 0 14096 RON BRADY ED OF NJ REGION 65.00 X 150608 0 12471 SETH ANDREW FOUNDER/FORMER OFFICER 65.00 X 193834 0 19449 1354900 0 150560 16 1 1 0 DEMOCRACY BUILDERS INC 2130 ADAM CLAYTON POWELL JR BLVD NEW YORK NY 10022 RECRUITING SERVICES 172702 ACCOUNTING SOLUTIONS OF NEW YORK INC 31 16TH STREET HICKSVILLE NY 11801 ACCOUNTING & BOOKKEEPING CONSULTANT 110604 2 171542 1300347 444768 46797 1916657 MANAGEMENT FEES 541610 9272191 9272191 PATHWAYS PROGRAM REVENUE 611110 399197 399197 RENTAL TO CHARTER SCHOOL 531120 262500 262500 LEADER U PROGRAM 611110 184933 184933 SPEECH & DEBATE PROGRAM 611110 150692 150692 17036 17036 10286549 61250 171542 94316 -33066 -33066 REBATE 900099 16647 16647 16647 12186787 10286549 0 -16419 593218 593218 474903 427413 47490 221171 199054 22117 7438947 6695052 743895 254729 229256 25473 709165 638249 70916 504011 453610 50401 30862 30862 84281 84281 600762 540686 60076 421250 411674 9576 216552 165055 51497 191423 172282 19141 680691 612624 68067 442665 398399 44266 57699 51929 5770 59024 53122 5902 28829 25946 2883 PROFESSIONAL DEVELOPMEN 275442 229630 45812 FOOD 65876 59289 6587 DUES & SUBSCRIPTIONS 63585 63585 13415085 11956488 1449021 9576 9368 191723 1620981 282373 23634 39815 539994 127530 130870 412464 46248 34685 866447 1819538 1839070 1063697 1049849 197917 25000 55055 1476243 1316669 2551092 X 485704 -712022 17165 0 502869 -712022 1819538 1839070 X -1228298 5427 7980 X X 0 1 X 1 1 1 X 931326 1379116 3292290 4334452 1916657 11853841 931326 1379116 3292290 4334452 1916657 11853841 334780 11519061 621 621 266 688 8424 16647 26025 11880487 20024370 0.96960 0.96140 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 246472 246472 274697 118470 156227 18825 9060 9765 412464 SECURITY DEPOSIT 63591 DUE FROM AFFILIATES 802856 866447 DEFERRED RENT 23591 CAPITAL LEASE OBLIGATION 28827 DUE TO AFFILIATES 1423825 1476243 X 12549228 5427 254718 102296 362441 12186787 0 12186787 13764119 254718 94316 349034 13415085 0 13415085 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, 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE REPORTED ON PART VIII, LINE 8B: 94,316. GAIN ON DISPOSAL OF ASSETS REPORTED ON PART XI, LINE 9: 7,980. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE REPORTED ON PART VIII, LINE 8B: 94,316. ANNUAL GALA 232792 171542 61250 79064 10002 5250 232792 171542 61250 79064 10002 5250 94316 -33066 1 FREEDOM PREP CHARTER SCHOOL 1000 ATLANTIC AVENUE CAMDEN NJ 08104 200683866 501(C)(3) 215000 GENERAL FUNDING GRANT FOR EXPENSES OUTSIDE OF SCOPE OF NJ STATE FUNDING DEMOCRACY PREPARATORY CHARTER SCHOOL 1767 PARK AVENUE 3RD FLOOR NEW YORK NY 10035 203683193 501(C)(3) 68348 GENERAL FUNDING GRANT FROM PROCEEDS EARNED @ DPPS GALA. BRONX PREP CHARTER SCHOOL 1767 PARK AVENUE 3RD FLOOR NEW YORK NY 10035 061581474 501(C)(3) 17800 GENERAL OPERATING. DEMOCRACY PREP BATON ROUGE 4055 PRESCOTT ROAD BATON ROUGE LA 70805 473252454 501(C)(3) 292070 EXPANSION OF CHARTER SCHOOL. 4 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 233214 0 0 0 0 0 9000 0 13592 0 255806 0 0 0 KENT ANKER GENERAL COUNSEL 168238 0 0 0 0 0 3500 0 23820 0 195558 0 0 0 LINDSAY MALANGA SUPERINTENDENT 160854 0 0 0 0 0 8000 0 10472 0 179326 0 0 0 LISA FRISCIA SR. DIRECTOR OF LEADER U 140511 0 0 0 0 0 6440 0 7656 0 154607 0 0 0 RON BRADY ED OF NJ REGION 150608 0 0 0 0 0 7655 0 4816 0 163079 0 0 0 SETH ANDREW FOUNDER/FORMER OFFICER 193834 0 0 0 0 0 1500 0 17949 0 213283 0 0 0 X 1 40821 FAIR MARKET VALUE X EQUIPMENT 1 5976 FMV 0 0 0 0 PART I, COLUMN (B): COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11 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 BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES ON AN ANNUAL BASIS. OFFICERS, DIRECTORS, AND KEY EMPLOYEES 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 THE ORGANIZATION'S BOARD OF DIRECTORS USES COMPARABLE DATA WHEN DETERMINING THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES. THIS PROCESS LAST OCCURRED IN 2015 AND IS 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 XI, LINE 9: GAIN ON DISPOSAL OF ASSET 7,980. 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.