FRIENDSHIP PUBLIC CHARTER SCHOOL: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization: FRIENDSHIP PUBLIC CHARTER SCHOOL (EIN 58-2398964)
Tax period: 2013-07-01 to 2014-06-30
Filed: 2015-03-28
IRS object ID: 201510879349300406
Schema version: 2013v4.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule E
Schedule J
Schedule K
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2015-03-28T14:45:13-05:00	ReturnTs
Tax Period End	2014-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	382157642	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	MANER COSTERISAN PC	BusinessNameLine1

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	2425 E GRAND RIVER SUITE 1	AddressLine1
City	LANSING	City
State	MI	State
ZIP Code	489123291	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2013-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	582398964	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	FRIENDSHIP PUBLIC CHARTER SCHOOL INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Business Name Control	FRIE	BusinessNameControlTxt
Phone	2022811700	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	120 Q STREET NE NO 200	AddressLine1
City	WASHINGTON	City
State	DC	State
ZIP Code	20002	ZIPCode

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	DONALD L HENSE	PersonNm
Person Title	CHAIR & CEO	PersonTitleTxt
Phone	2022811700	PhoneNum
Signature	2015-03-16	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	DENNIS D THEIS CPA	PreparerPersonNm
PTIN	P00010168	PTIN
Phone	5173237500	PhoneNum

Field	Value	IRS element (for citing)
Tax	2013	TaxYr
Build TS	2016-03-07 17:11:31Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	DONALD L HENSE	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	120 Q STREET NE NO 200	AddressLine1
City	WASHINGTON	City
State	DC	State
ZIP Code	20002	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	$72,214,151	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.FRIENDSHIPSCHOOLS.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1998	FormationYr
Legal Domicile State	DC	LegalDomicileStateCd
Activity Or Mission	TO PROVIDE A WORLD-CLASS EDUCATION FOR STUDENTS IN GRADES PRE-K TO 12.	ActivityOrMissionDesc
Voting Members Governing Body	15	VotingMembersGoverningBodyCnt
Voting Members Independent	14	VotingMembersIndependentCnt
Total Employee	1023	TotalEmployeeCnt
Total Volunteers	23	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$12,319,649	PYContributionsGrantsAmt
CY Contributions Grants	$11,813,370	CYContributionsGrantsAmt
PY Program Service Revenue	$60,812,628	PYProgramServiceRevenueAmt
CY Program Service Revenue	$60,257,338	CYProgramServiceRevenueAmt
PY Investment Income	$142,148	PYInvestmentIncomeAmt
CY Investment Income	$143,443	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$73,274,425	PYTotalRevenueAmt
CY Total Revenue	$72,214,151	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$43,792,278	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$45,573,360	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$160,457	CYTotalFundraisingExpenseAmt
PY Other Expenses	$26,791,874	PYOtherExpensesAmt
CY Other Expenses	$26,467,883	CYOtherExpensesAmt
PY Total Expenses	$70,584,152	PYTotalExpensesAmt
CY Total Expenses	$72,041,243	CYTotalExpensesAmt
PY Revenues Less Expenses	$2,690,273	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$172,908	CYRevenuesLessExpensesAmt
Total Assets BOY	$128,088,029	TotalAssetsBOYAmt
Total Assets EOY	$129,148,066	TotalAssetsEOYAmt
Total Liabilities BOY	$104,933,038	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$105,820,167	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$23,154,991	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$23,327,899	NetAssetsOrFundBalancesEOYAmt
Mission	TO PROVIDE A WORLD-CLASS EDUCATION THAT MOTIVATES STUDENTS TO ACHIEVE HIGH ACADEMIC STANDARDS, ENJOY LEARNING AND DEVELOP AS ETHICAL, LITERATE, WELL-ROUNDED AND SELF-SUFFICIENT CITIZENS THAT CONTRIBUTE ACTIVELY TO THEIR COMMUNITIES.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$63,088,953	ExpenseAmt
Revenue	$60,257,338	RevenueAmt
Desc	TO PROVIDE QUALITY INSTRUCTION FOR CHILDREN FROM PRE-KINDERGARTEN TO 12TH GRADE FOR 3,759 STUDENTS.	Desc
Total Program Service Expenses	$63,088,953	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	0	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	Yes (1)	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	Yes (1)	TaxExemptBondsInd
Invest Tax Exempt Bonds	0	InvestTaxExemptBondsInd
Escrow Account	0	EscrowAccountInd
On Behalf Of Issuer	0	OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	153	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	1023	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	15	GoverningBodyVotingMembersCnt
Independent Voting Member	14	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	DC	StatesWhereCopyOfReturnIsFldCd
Other Website	Yes (X)	OtherWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	CATHERINE SANWO-SOMEFUN	PersonNm
Phone	2022811700	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	120 Q STREET NE SUITE 200	AddressLine1
City	WASHINGTON	City
State	DC	State
ZIP Code	20002	ZIPCode

Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
CHRIS WHITTLE
TRUSTEE	5.00	Yes (X)	$0	$0	$0
ROSE GREGORY
TRUSTEE	5.00	Yes (X)	$0	$0	$0
KEVIN CHAVOUS
TRUSTEE	5.00	Yes (X)	$0	$0	$0
DARRIN L GLYMPH
TRUSTEE	5.00	Yes (X)	$0	$0	$0
CHRIS WHITE
TRUSTEE	5.00	Yes (X)	$0	$0	$0
DEBORAH M MCGRIFF
TRUSTEE	5.00	Yes (X)	$0	$0	$0
KENNETH UMANSKY
TRUSTEE	5.00	Yes (X)	$0	$0	$0
CAROL THOMPSON COLE
TRUSTEE	5.00	Yes (X)	$0	$0	$0
PATIENCE TAIT
TRUSTEE	5.00	Yes (X)	$0	$0	$0
TRACY GRAY
TRUSTEE	5.00	Yes (X)	$0	$0	$0
ERIC MCKINLEY KING
TRUSTEE	5.00	Yes (X)	$0	$0	$0
DR GREGORY PRINCE
VICE CHAIR	5.00	Yes (X)	$0	$0	$0	Yes (X)
W EDWARD WALTER
TREASURER	7.50	Yes (X)	$0	$0	$0	Yes (X)
VICTOR E LONG
SECRETARY	15.00	Yes (X)	$0	$0	$0	Yes (X)
DONALD L HENSE
CHAIR & CEO	40.00	Yes (X)	$269,429	$0	$88,029	Yes (X)
ERIN E COVINGTON
CFO	40.00		$173,597	$0	$6,623	Yes (X)
PATRICIA A BRANTLEY
COO	40.00		$213,989	$0	$8,118		Yes (X)
ELLEN D DALTON
GENERAL COUNSEL	40.00		$152,760	$0	$12,166			Yes (X)
LIUA M HARBOUR
HEAD PRINCIPAL	40.00		$155,303	$0	$8,608			Yes (X)
ELIZABETH PRIMAS
DIRECTOR OF LITERACY AND ACCELERATION	40.00		$163,503	$0	$2,465			Yes (X)
JAMES F WALLER
DEPUTY CHIEF ACADEMIC OFFICER	40.00		$144,160	$0	$8,731			Yes (X)
KIMBERLY CAMPBELL
CHIEF OF STAFF	40.00		$148,960	$0	$7,397			Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,421,701	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$142,137	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	32	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1	CityContractorAddress/USAddress/City	StateContractorAddress/USAddress/State	ZIP CodeContractorAddress/USAddress/ZIPCode	ServicesServicesDesc	CompensationCompensationAmt
BUSY BEE ENVIRONMENTAL SERVICES INC
7826 EASTERN AVE NW	WASHINGTON	DC	20012	BUILDING MAINTENANCE	$4,058,583
RICOH AMERICAS CORPORATION
2321 CLUB MERIDIAN DRIVE	OKEMOS	MI	48864	MAILROOM MANAGEMENT	$504,206
KELLY SERVICES INC
999 WEST BIG BEAVER ROAD	TROY	MI	48084	STAFFING	$283,048
AUTOMATIC DATA PROCESSING
1 ADP BLVD	ROSELAND	NJ	07068	PAYROLL PROCESSING	$230,306
URBAN TEACHER CENTER INC
921 PENNSYLVANIA AVENUE SW	WASHINGTON	DC	20003	RECRUITING SERVICES	$210,000

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	15	CntrctRcvdGreaterThan100KCnt
Government Grants	$9,370,261	GovernmentGrantsAmt
All Other Contributions	$2,443,109	AllOtherContributionsAmt
Total Contributions	$11,813,370	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	PUBLIC REVENUE	Desc
Business	611600	BusinessCd
Total Revenue Column	$60,257,338	TotalRevenueColumnAmt
Related Or Exempt Func Income	$60,257,338	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$60,257,338	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$143,443	TotalRevenueColumnAmt
Exclusion	$143,443	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$72,214,151	TotalRevenueColumnAmt
Related Or Exempt Func Income	$60,257,338	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$143,443	ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$730,232	TotalAmt
Management And General	$730,232	ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$37,602,156	TotalAmt
Program Services	$34,843,785	ProgramServicesAmt
Management And General	$2,758,371	ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$214,684	TotalAmt
Program Services	$178,431	ProgramServicesAmt
Management And General	$36,253	ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$3,829,643	TotalAmt
Program Services	$3,400,035	ProgramServicesAmt
Management And General	$429,608	ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$3,196,645	TotalAmt
Program Services	$2,943,247	ProgramServicesAmt
Management And General	$253,398	ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$148,389	TotalAmt
Management And General	$148,389	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$110,096	TotalAmt
Management And General	$110,096	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$1,531,346	TotalAmt
Program Services	$790,023	ProgramServicesAmt
Management And General	$741,323	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$2,599,617	TotalAmt
Program Services	$1,076,319	ProgramServicesAmt
Management And General	$1,413,068	ManagementAndGeneralAmt
Fundraising	$110,230	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$77,172	TotalAmt
Program Services	$77,776	ProgramServicesAmt
Management And General	-$604	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$6,026,155	TotalAmt
Program Services	$5,451,977	ProgramServicesAmt
Management And General	$574,178	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$237,262	TotalAmt
Program Services	$129,524	ProgramServicesAmt
Management And General	$107,738	ManagementAndGeneralAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$4,998,211	TotalAmt
Program Services	$4,748,300	ProgramServicesAmt
Management And General	$249,911	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$3,855,074	TotalAmt
Program Services	$3,662,320	ProgramServicesAmt
Management And General	$192,754	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$474,617	TotalAmt
Management And General	$474,617	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
DIRECT STUDENT COSTS	$5,889,270	$5,773,485	$115,785
CHARTER FEE	$354,205		$354,205
OTHER GENERAL	$166,469	$13,731	$102,511	$50,227

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$72,041,243	TotalAmt
Program Services	$63,088,953	ProgramServicesAmt
Management And General	$8,791,833	ManagementAndGeneralAmt
Fundraising	$160,457	FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$8,186,284	BOYAmt
EOY	$8,341,711	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$3,462,432	BOYAmt
EOY	$3,321,228	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$358,963	BOYAmt
EOY	$338,877	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$946,925	BOYAmt
EOY	$419,342	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$105,610,125	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$26,099,949	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$65,988,655	BOYAmt
EOY	$79,510,176	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$41,036,693	BOYAmt
EOY	$29,272,070	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$3,142,753	BOYAmt
EOY	$3,164,813	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$4,965,324	BOYAmt
EOY	$4,779,849	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$128,088,029	BOYAmt
EOY	$129,148,066	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$6,489,830	BOYAmt
EOY	$8,996,656	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$2,177,275	BOYAmt
EOY	$2,056,962	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$85,920,000	BOYAmt
EOY	$84,475,000	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$10,345,933	BOYAmt
EOY	$10,291,549	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$104,933,038	BOYAmt
EOY	$105,820,167	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$23,154,991	BOYAmt
EOY	$23,327,899	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$23,154,991	BOYAmt
EOY	$23,327,899	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$128,088,029	BOYAmt
EOY	$129,148,066	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$172,908	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	Yes (1)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (1)	FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School	Yes (X)	SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$4,630,996	OtherCostOrOtherBasisAmt
Book Value	$4,630,996	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$41,288,232	OtherCostOrOtherBasisAmt
Depreciation	$6,416,267	DepreciationAmt
Book Value	$34,871,965	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$50,562,093	OtherCostOrOtherBasisAmt
Depreciation	$14,948,760	DepreciationAmt
Book Value	$35,613,333	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$6,301,823	OtherCostOrOtherBasisAmt
Depreciation	$3,198,913	DepreciationAmt
Book Value	$3,102,910	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,826,981	OtherCostOrOtherBasisAmt
Depreciation	$1,536,009	DepreciationAmt
Book Value	$1,290,972	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$79,510,176	TotalBookValueLandBuildingsAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$72,214,151	TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$72,214,151	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$72,214,151	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$72,041,243	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$72,041,243	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$72,041,243	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART X, LINE 2:	FormAndLineReferenceDesc
Explanation	IN PREPARATION OF TAX RETURNS, TAX POSITIONS ARE TAKEN BASED ON INTERPRETATION OF FEDERAL, STATE AND LOCAL INCOME TAX LAWS. MANAGEMENT PERIODICALLY REVIEWS AND EVALUATES THE STATUS OF UNCERTAIN TAX POSITIONS AND MAKES ESTIMATES OF AMOUNTS, INCLUDING INTEREST AND PENALTIES, ULTIMATELY DUE OR OWED. NO AMOUNTS HAVE BEEN IDENTIFIED, OR RECORDED, AS UNCERTAIN TAX POSITIONS. FEDERAL, STATE AND LOCAL TAX RETURNS GENERALLY REMAIN OPEN FOR EXAMINATION BY THE VARIOUS TAXING AUTHORITIES FOR A PERIOD OF THREE TO FOUR YEARS.	ExplanationTxt

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (1)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (1)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (1)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (1)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (1)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (1)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (1)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	0	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	0	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	0	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	0	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	0	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	0	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	0	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	0	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	Yes (1)	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	0	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (1)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

SCHEDULE E, PART I, LINE 3

PUBLICIZED IN RECRUITMENT LITERATURE, FLYERS IN PUBLIC PLACES, PRINT AND ELECTRONIC MEDIA. INFORMATION IS AVAILABLE IN ENGLISH AS WELL AS OTHER LANGUAGES, AS APPROPRIATE.

SCHEDULE E, PART I, LINE 6

US DEPT OF AGRICULTURE: PASSED THROUGH STATE AGENCY FOR SPECIAL NUTRITION AND COMMODITY PROGRAMS: CHILD NUTRITION CUSTER $ 2,663,483 OTHER 360,941 PASSED THROUGH DC PUBLIC SCHOOLS: TITLE I CLUSTER $ 2,813,941 TITLE II 656,227 EDUCATING HOMELESS CHILDREN & YOUTH 6,685 PERKINS - CAREER TECHNICAL EDUCATION 208,563 SPECIAL EDUCATION 483,810 SOAR ACADEMIC ACHEIVEMENT 341,579 RACE TO THE TOP 801,312 OTHER GRANTS 140,387 PASSED THROUGH PUBLIC CHARTER SCHOOLS: OTHER GRANTS 175,824 TOTAL FEDERAL AWARDS $ 8,652,752

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	Yes (X)	CompensationCommitteeInd
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (1)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	0	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
DONALD L HENSE
CHAIR & CEO	$269,429	$0	$0	$0	$0	$0	$83,100	$0	$4,929	$0	$357,458	$0	$0	$0
ERIN E COVINGTON
CFO	$173,597	$0	$0	$0	$0	$0	$415	$0	$6,208	$0	$180,220	$0	$0	$0
PATRICIA A BRANTLEY
COO	$213,989	$0	$0	$0	$0	$0	$2,600	$0	$5,518	$0	$222,107	$0	$0	$0
ELLEN D DALTON
GENERAL COUNSEL	$152,760	$0	$0	$0	$0	$0	$3,000	$0	$9,166	$0	$164,926	$0	$0	$0
LIUA M HARBOUR
HEAD PRINCIPAL	$155,303	$0	$0	$0	$0	$0	$0	$0	$8,608	$0	$163,911	$0	$0	$0
ELIZABETH PRIMAS
DIRECTOR OF LITERACY AND ACCELERATIO	$163,503	$0	$0	$0	$0	$0	$1,354	$0	$1,111	$0	$165,968	$0	$0	$0
JAMES F WALLER
DEPUTY CHIEF ACADEMIC OFFICER	$144,160	$0	$0	$0	$0	$0	$0	$0	$8,731	$0	$152,891	$0	$0	$0
KIMBERLY CAMPBELL
CHIEF OF STAFF	$148,960	$0	$0	$0	$0	$0	$2,475	$0	$4,922	$0	$156,357	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 4B	FormAndLineReferenceDesc
Explanation	DONALD HENSE RECEIVED SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN CONTRIBUTIONS OF $60,500.	ExplanationTxt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)

Bond ReferenceBondReferenceCd	Bond Issuer EINBondIssuerEIN	CUSIPCUSIPNum	Bond IssuedBondIssuedDt	Issue PriceIssuePriceAmt	PurposePurposeDesc	DefeasedDefeasedInd	On Behalf Of IssuerOnBehalfOfIssuerInd	Pool FinancingPoolFinancingInd
DISTRICT OF COLUMBIA
A	536001131	254839G80	2003-11-12	$44,372,708	FINANCE ACQUISITION,CONSTRUCTION,& RENOVATION OF FACILITIES; REFINANCE DEBT	0	0	0
DISTRICT OF COLUMBIA
B	536001131	254839M75	2006-12-28	$15,483,777	FINANCE EQUIPMENT AND EXPANSION OF BUILDING.	0	0	0
DISTRICT OF COLUMBIA
C	536001131	25483VKT0	2012-10-30	$36,835,895	CONSTRUCTION AND RENOVATION OF CAMPUS FACILITIES, REFINANCING OF DEBT.	0	0	0

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)

Bond ReferenceBondReferenceCd	RetiredRetiredAmt	Total ProceedsTotalProceedsAmt	In Reserve FundInReserveFundAmt	Capitalized InterestCapitalizedInterestAmt	Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt	Credit EnhancementCreditEnhancementAmt	Capital ExpendituresCapitalExpendituresAmt	Other Spent ProceedsOtherSpentProceedsAmt	Substantial CompletionSubstantialCompletionYr	Current RefundingCurrentRefundingInd	Final Allocation MadeFinalAllocationMadeInd	Adequate Books And Rec MaintAdequateBooksAndRecMaintInd	Working Capital ExpendituresWorkingCapitalExpendituresAmt	UnspentUnspentAmt
A	$9,230,000	$44,674,999	$3,456,725	$25,291	$887,751	$2,483,014	$14,369,757	$26,726,054	2008	Yes (1)	Yes (1)	Yes (1)
B	$1,955,000	$16,095,331	$1,019,258	$357,785	$310,097	$427,335	$13,980,874		2011	0	Yes (1)	Yes (1)
C		$36,839,621	$2,377,235	$1,975,727	$699,582		$17,099,975	$4,554,918		Yes (1)	0	Yes (1)	$1,000,000	$9,132,183

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)

Bond ReferenceBondReferenceCd	Owning Bond Financed PropertyOwningBondFinancedPropertyInd	Any Lease ArrangementsAnyLeaseArrangementsInd	Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd	Any Research AgreementsAnyResearchAgreementsInd	Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd	Change In Use Bond Financed PropChangeInUseBondFinancedPropInd	Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A	0	0	0	0	0	0	Yes (1)
B	0	0	0	0	0	0	Yes (1)
C	0	0	0	0	0	0	Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)

Bond ReferenceBondReferenceCd	Form8038 T FiledForm8038TFiledInd	Rebate Not Due YetRebateNotDueYetInd	Exception To RebateExceptionToRebateInd	No Rebate DueNoRebateDueInd	Variable Rate IssueVariableRateIssueInd	Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd	Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd	Business Name Line2GICProviderName/BusinessNameLine2	Term Of GICTermOfGICPct	Regulatory Safe Harbor StsfdRegulatorySafeHarborStsfdInd	Gross Proceeds InvestedGrossProceedsInvestedInd	Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd
AEGON INSTITUTIONAL
A	0	0	Yes (1)	Yes (1)	0	0	Yes (1)	MARKETS INC	29.300000000000	Yes (1)	Yes (1)	Yes (1)
(no name)
B	0	0	0	Yes (1)	0	0	0				Yes (1)	Yes (1)
(no name)
C	0	Yes (1)	0	0	0	0	0				0	Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)

Bond ReferenceBondReferenceCd	Procedures Corrective ActionProceduresCorrectiveActionInd
A	Yes (1)
B	Yes (1)
C	Yes (1)

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART II, LINE 3	SERIES 2003 BOND: THE DIFFERENCE BETWEEN PART 1 (E) AND PART II (3) IS DUE TO INTEREST EARNINGS ON BOND PROCEEDS.
PART II, LINE 14	SERIES 2003 BOND: THE BONDS REFUND THE BORROWER'S TAXABLE OBLIGATIONS (THE "REFUNDED DEBT"), INCLUDING NOTES FROM EDISON SCHOOLS, INC. (DATED NOVEMBER 5, 2001), BANK OF AMERICA (DATED NOVEMBER 8, 2000), AND EDISON SCHOOLS, INC.(DATED NOVEMBER 8, 2000). THE REFUNDED DEBT, IN PART, REFUNDED A NOTE FROM THE EDISON PROJECT INC. (DATED JULY 26, 1999).
PART III, LINE 7	AS PROVIDED IN TREASURY REGULATION SECTION 1.141(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE.
PART IV, LINE 2(B)	SERIES 2003 BOND: THE PORTION OF THE BONDS USED TO DETERMINE THE REFUNDED DEBT MET THE SIX-MONTH SPENDING EXCEPTION TO REBATE.
PART IV, LINE 2(C)	SERIES 2003 BOND: THE REBATE COMPUTATION WAS PERFORMED ON MAY 31, 2013.
PART II, LINE 3	SERIES 2006 BOND: THE DIFFERENCE BETWEEN PART I (E) AND PART II, LINE 3 IS DUE TO INTEREST EARNINGS ON BOND PROCEEDS.
PART III, LINE 7	SERIES 2006 BOND: AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE.
PART IV, LINE 2(C)	SERIES 2006 BOND: THE REBATE COMPUTATION WAS PERFORMED ON JUNE 1, 2011.
PART I (F)	SERIES 2012 BOND: DEBT REFINANCED INCLUDES A 2009 LOAN ISSUED ON JUNE 5, 2009 AND 2007 LOANS ISSUED ON SEPTEMBER 10, 2007.
PART II (3)	SERIES 2012 BOND: THE DIFFERENCE BETWEEN PART 1 (E) AND PART II (3) IS DUE TO INTEREST EARNINGS ON BOND PROCEEDS.
PART III, LINE 7	SERIES 2012 BOND: AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11	THE BOARD CHAIR/CEO AND THE HEAD OF THE FINANCE COMMITTEE REVIEW THE 990 ONCE IT IS COMPLETED PRIOR TO BEING FILED. AT THAT TIME, THE FULL FINANCE COMMITTEE AND BOARD OF DIRECTORS IS GIVEN THE OPPORTUNITY TO REVIEW THE 990. AFTER ANY ISSUES ARE ADDRESSED OR CORRECTED, THE CEO SIGNS AND FILES THE RETURN.
FORM 990, PART VI, SECTION B, LINE 12C	PERIODIC REVIEWS ARE DONE BY THE CHIEF OPERATING OFFICER, THE CHIEF FINANCIAL OFFICER, THE DIRECTOR OF HUMAN RESOURCES, AND THE PROCUREMENT MANAGER ON VENDOR AND FAMILY RELATIONSHIPS IN REGARDS TO EMPLOYMENT, CONTRACTS AND OTHER AGREEMENTS ENTERED ON BEHALF OF FRIENDSHIP PUBLIC CHARTER SCHOOL.
FORM 990, PART VI, SECTION B, LINE 15	THE ORGANIZATION DETERMINES COMPENSATION BY FORMAL AND INFORMAL COMPARATIVE COMPENSATION STUDIES, WHICH INCLUDES A REVIEW OF CHARTER SCHOOLS OF SIMILAR SIZE/COMPLEXITY, OTHER NON PROFITS, AND EDUCATIONAL INSTITUTIONS. THE COMPENSATION PROCESS IS HEADED BY THE FINANCE COMMITTEE, AND THEY SUBMIT THEIR RECOMMENDATIONS TO THE BOARD FOR APPROVAL.
FORM 990, PART VI, SECTION C, LINE 19	ALL DOCUMENTS ARE MADE AVAILABLE FOR PUBLIC INSPECTION THROUGH THE PUBLIC CHARTER SCHOOL BOARD, STATE EDUCATION AGENCIES, GUIDESTAR, AND UPON REQUEST.
FORM 990, PART XII, LINE 2C	FRIENDSHIP PUBLIC CHARTER SCHOOL, INC. HAS A FINANCE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
FORM 4562	EMPLOYER IDENTIFICATION NUMBER: 58-2398964 FOR THE YEAR ENDING JUNE 30, 2014: FRIENDSHIP PUBLIC CHARTER SCHOOL, INC. , HEREBY ELECTS, PURSUANT TO IRC SEC. 168(K)(2)(D)(III), NOT TO CLAIM THE ADDITIONAL 50% DEPRECIATION ALLOWABLE UNDER IRC SEC. 168(K) FOR THE FOLLOWING QUALIFYING PROPERTY PLACED IN SERVICE DURING THE TAX YEAR ENDING JUNE 30, 2014. ALL PROPERTY IN THE 5, 7, 10 & 20 YEAR CLASS. SEE ATTACHED FORM 4562.