2014-02-11T04:58:03-06:00 2013-06-30 521511275 RAFFA PC 1899 L STREET NW SUITE 900 WASHINGTON DC 20036 990 2012-07-01 020550253 DC PREPARATORY ACADEMY DCPR 2026354590 707 EDGEWOOD STREET NE WASHINGTON DC 20017 EMILY LAWSON 2026354590 2014-02-11 1 FRANK H SMITH P00639053 2028225000 2014-02-10 2012 2015-11-30 17:44:51Z EMILY LAWSON 707 EDGEWOOD STREET NE WASHINGTON DC 20017 21284382 0 X WWW.DCPREP.ORG X 2001 DC DC PREP IS A NETWORK OF PUBLIC CHARTER SCHOOLS SERVING STUDENTS IN WASHINGTON, DC. 14 13 306 53 0 0 17876415 20347740 831774 900160 1277 609 18461 35873 18727927 21284382 0 20183 0 0 11210975 13949039 0 0 223579 5460876 5934191 16671851 19903413 2056076 1380969 26387799 27935635 15115781 15213322 11272018 12722313 X D.C. PREPARATORY ACADEMY'S (DC PREP) MISSION IS TO PROVIDE EARLY CHILDHOOD, ELEMENTARY, AND MIDDLE SCHOOL STUDENTS IN WASHINGTON, DC, WITH AN OUTSTANDING EDUCATION EMPHASIZING ACADEMICS, CHARACTER AND LEADERSHIP. 0 0 16377302 20183 900160 IN THE FALL OF 2003, DC PREP - A PUBLIC CHARTER SCHOOL - OPENED ITS FIRST CAMPUS: A SMALL MIDDLE SCHOOL WITH 100 STUDENTS IN 4TH AND 5TH GRADE. OVER THE PAST DECADE THE SCHOOL HAS EXPANDED SIGNIFICANTLY, GROWING TO FOUR CAMPUSES SERVING 1,200 STUDENTS IN PRESCHOOL - 8TH GRADE. NINETY-EIGHT PERCENT 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. DC PREP'S STUDENTS ARE DRAMATICALLY OUTPERFORMING THEIR PEERS IN BOTH REGULAR PUBLIC AND CHARTER SCHOOLS, AND BASED ON DATA FROM THE 2013 DC-CAS, DC PREP IS THE HIGHEST-PERFORMING NETWORK OF CHARTER SCHOOLS IN WASHINGTON FOR THE SECOND CONSECUTIVE YEAR. THE EDGEWOOD MIDDLE CAMPUS CONTINUES TO BE THE #1 PUBLIC CHARTER SCHOOL IN THE CITY, AND OUR EDGEWOOD ELEMENTARY, A 2013 NATIONAL BLUE RIBBON SCHOOL, IS THE HIGHEST-PERFORMING ELEMENTARY SCHOOL EAST OF ROCK CREEK PARK, WITH 76% OF 3RD GRADERS PROFICIENT IN READING AND 72% PROFICIENT IN MATH. PROFICIENCY LEVELS AMONG EDGEWOOD ELEMENTARY 3RD GRADERS, WHO HAVE BEEN AT DC PREP SINCE PRE-KINDERGARTEN (OUR "LIFERS") ARE EVEN HIGHER AND RIVAL OR SURPASS THOSE OF STUDENTS IN THE TOP PERFORMING SCHOOLS IN WARD 3, DC'S MOST AFFLUENT AREA. ANOTHER POWERFUL METRIC OF OUR STUDENTS' ACADEMIC AND PERSONAL ACHIEVEMENT IS THEIR HIGH SCHOOL AND COLLEGE ACCEPTANCE RATE. TO DATE, EVERY DC PREP GRADUATE (N=230) HAS BEEN OFFERED ADMISSION TO A COLLEGE-PREP HIGH SCHOOL AND OVER 60% HAVE BEEN OFFERED ADMISSION TO A SELECTIVE INDEPENDENT, PAROCHIAL, OR PUBLIC MAGNET SCHOOL. THE REMAINING STUDENTS ENROLL IN CHARTER SCHOOLS KNOWN FOR THEIR RIGOR AND COLLEGE FOCUS. ADDITIONALLY, 93% OF THE STUDENTS IN DC PREP'S FIRST THREE 8TH GRADE GRADUATING CLASSES (CLASSES OF 2007, 2008, AND 2009) HAVE EARNED THEIR HIGH SCHOOL DIPLOMAS (ALMOST DOUBLE THE GRADUATION RATE OF STUDENTS IN DCPS), AND 75% HAVE MATRICULATED TO COLLEGE, ENROLLING IN SCHOOLS SUCH AS GEORGE MASON, GEORGETOWN, GETTYSBURG, HAMPTON, VANDERBILT, UNIVERSITY OF MARYLAND, AND HOWARD. WE INTEND TO CONTINUE TO INCREASE THE PERCENTAGE OF STUDENTS IN EACH GRADUATING CLASS WHO ARE BOUND FOR THE HIGHEST CALIBER HIGH SCHOOLS, ENSURING THAT ALL STUDENTS ARE ON TRACK FOR BRIGHT ACADEMIC FUTURES IN RIGOROUS HIGH SCHOOLS AND COLLEGES. 16377302 1 1 0 0 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 0 0 0 0 0 0 0 0 0 1 26 0 1 306 1 0 0 0 0 0 0 0 0 0 0 X 14 13 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 LEROY TERRY EAKIN III 5.00 X X 0 0 0 ERIC PRICE 1.00 X X 0 0 0 ARTHUR MCKEE PHD 3.00 X X 0 0 0 JENNY ABRAMSON 1.00 X 0 0 0 BOBBY BALDWIN 1.00 X 0 0 0 KATHERINE BOONE 1.00 X 0 0 0 JOE BRUNO 1.00 X 0 0 0 LISA DIXON 1.00 X 0 0 0 MICHELA ENGLISH 2.00 X 0 0 0 PATRICK GROSS 2.00 X 0 0 0 JUDY KOVLER 1.00 X 0 0 0 MAURA MARINO 1.00 X 0 0 0 DEBORAH MCGRIFF 1.00 X 0 0 0 CAROL PENSKY 1.00 X 0 0 0 VALERIE R WAYNE 2.00 X 0 0 0 EMILY K LAWSON - FOUNDERCEO 40.00 X X 220877 0 10384 ENRIQUE CRUZ 40.00 X 60577 0 221 WENDY SCOTT 40.00 X 132520 0 10952 ELIZABETH IBBY JEPPSON 40.00 X 117704 0 4525 ALICIA ROBINSON 40.00 X 109130 0 7825 NICOLE BRYAN 40.00 X 120353 0 10061 CASSIE PERGAMENT 40.00 X 109213 0 10026 KATIE SEVERN 40.00 X 144169 0 13123 1014543 0 67117 7 0 1 0 MCN BUILD 3143 N STREET NW WASHINGTON DC 20007 CONSTRUCTION SERVICES 543049 REVOLUTION FOODS PO BOX 742759 LOS ANGELES CA 90074 FOOD SERVICE 501676 END TO END SOLUTIONS FOR SPECIAL ED 714 G ST SE SUITE 201 WASHINGTON DC 20003 SPECIAL EDUCATION SERVICES 399289 SERVICEMASTER JGW 7941-L2 ANGUST COURT SPRINGFIELD VA 22153 JANITORIAL SERVICES 271100 GOLDSTAR LLC 2000 P STREET NW SUITE 620 WASHINGTON DC 20036 ACCOUNTING SERVICES 155468 5 18316806 2030934 15267 20347740 CAFETERIA REVENUE 900099 390572 390572 PARENT PAYMENTS 900099 203414 203414 CHILD SUBSIDY PROGRAM 900099 203012 203012 CONSULTING INCOME 900099 50000 50000 E-RATE PROGRAM 900099 35973 35973 17189 17189 900160 609 609 OTHER INCOME 900099 35873 35873 35873 21284382 900160 0 36482 20183 20183 544726 38700 467326 38700 11491742 9744719 1663820 83203 223637 197082 25276 1279 725068 609482 109610 5976 963866 793125 161760 8981 77560 26917 50643 268037 268037 11230 400 8844 1986 340065 238045 51010 51010 312836 254709 54978 3149 1881063 1846418 25983 8662 607058 539888 63656 3514 89331 72733 15699 899 DIRECT STUDENT COSTS 1463268 1463268 STAFF RELATED EXPENSES 326691 191347 125576 9768 DUES/FEES/FINES 256905 207180 47237 2488 PROF. DEVELOPMENT 182573 124291 54318 3964 117574 8815 108759 19903413 16377302 3302532 223579 6606450 7648771 392835 400122 1311418 1228788 443207 787239 465114 452605 20916569 4089321 16706582 16827248 462193 590862 26387799 27935635 1080485 1625671 208816 225497 13755000 13360000 71480 2154 15115781 15213322 X 9602885 11015235 1669133 1707078 11272018 12722313 26387799 27935635 1380969 69326 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1685820 1685820 17672337 2894077 14778260 8670 8670 0 1549742 1186574 363168 16827248 INTEREST RATE SWAP LIABILITY 2154 2154 X 21431017 69326 77309 146635 21284382 0 21284382 19980722 77309 77309 19903413 0 19903413 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: DC PREP PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2013, 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 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 DC PREP IS A PUBLIC CHARTER SCHOOL AND RECEIVED FEDERAL FUNDS FROM THE U.S. DEPARTMENT OF EDUCATION THROUGH THE DISTRICT OF COLUMBIA OFFICE OF THE STATE SUPERINTENDENT OF EDUCATION. DC PREP ALSO RECEIVED FEDERAL FUNDS FROM THE FEDERAL COMMUNICATIONS COMMISSION, U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES, U.S. DEPARTMENT OF EDUCATION, AND THE U.S. DEPARTMENT OF AGRICULTURE THROUGH THE D.C. PUBLIC SCHOOLS, DIVISION OF FOOD & NUTRITION SERVICES, STATE AGENCY. 1 HIGH SCHOOL SCHOLARSHIPS 2 20183 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: A SCHOLARSHIP COMMITTEE (CURRENTLY MADE UP OF THE CEO, DIRECTOR OF RESOURCE DEVELOPMENT, DIRECTOR OF ALUMNI SUPPORT, AND DIRECTOR OF HIGH SCHOOL PLACEMENT) REVIEWS REQUESTS FROM THE FAMILIES OF STUDENTS WHO REQUIRE FINANCIAL SUPPORT IN ORDER TO ATTEND AN OUTSTANDING HIGH SCHOOL. IN ALL CASES, THE FUNDS ADDRESS THE SHORTFALL BETWEEN THE SCHOLARSHIP OFFER THE 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 MONEY. X X X 0 0 0 0 0 0 0 1 0 EMILY K LAWSON - FOUNDERCEO 210877 0 10000 0 0 0 9722 0 662 0 231261 0 0 0 KATIE SEVERN 134169 0 10000 0 0 0 7667 0 5456 0 157292 0 0 0 PART I, LINE 7 ALL BONUSES PAID TO DCPREP'S OFFICERS 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, 2013. 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 5500000 198106 5301894 2005 0 0 1 1 B 9580000 278787 9301213 2007 0 0 1 1 A 0 0 0 1 1 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 1 1 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 0 0 0 0 B 0 0 0 1 1 0 0 0 0 SCHEDULE K PART IV, ARBITRAGE, LINE 2C DATE REBATE COMPUTATION PERFORMED ISSUER NAME: DISTRICT OF COLUMBIA DATE THE REBATE COMPUTATION WAS PERFORMED: 06/26/2013 ISSUER NAME: DISTRICT OF COLUMBIA DATE THE REBATE COMPUTATION WAS PERFORMED: 06/15/2013 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). IN ADDITION, THE LEGAL FEES FOR THE LETTER OF CREDIT PROVIDER'S COUNCIL IN THE AMOUNT OF $42,000 WERE INCLUDED IN THE BOND YIELD CALCULATION AS A QUALIFIED GUARANTEE. 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 B, LINE 11 INFORMATION TO COMPLETE THE FEDERAL FORM 990 IS PROVIDED TO THE PREPARER BY DC PREP'S CONTRACTED ACCOUNTING SERVICE, ITS COO AND CEO. ONCE THE INITIAL DRAFT FORM 990 IS COMPLETED, IT IS CIRCULATED TO THE FINANCE AND REAL ESTATE COMMITTEE OF THE BOARD OF DIRECTORS FOR REVIEW. THE FINANCE AND REAL ESTATE COMMITTEE IS RESPONSIBLE FOR RECURRING IN-DEPTH REVIEW OF THE ORGANIZATION'S FINANCIALS. THE FEDERAL FORM 990 IS ALSO CIRCULATED TO THE FULL BOARD OF DIRECTORS PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF THE DIRECTORS AND KEY EMPLOYEES COMPLETE A CONFLICT OF INTEREST FORM ON AN ANNUAL BASIS THAT IS REVIEWED BY THE CEO FOR ANY POTENTIAL CONFLICTS. DC PREP ALSO REMINDS EMPLOYEES OF THE POLICY IN THE EMPLOYEE MANUAL, WHICH EMPLOYEES ACKNOWLEDGE RECEIVING EACH YEAR. ANY BOARD MEMBER WHO BELIEVES HIM OR HERSELF TO HAVE A CONFLICT OF INTEREST IN A DECISION ON A SPECIFIC MATTER IS REQUIRED TO RECUSE HIM 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 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 HAS SINCE PROVIDED A WRITTEN DESCRIPTION OF THAT DISCUSSION THAT INCLUDES THOSE BOARD MEMBERS PRESENT AND ACKNOWLEDGES THEIR UNANIMOUS DECISION. NO MEMBERS PRESENT IN THE SESSION HAD A CONFLICT OF INTEREST WITH THE ARRANGEMENT. TO DRAW UP ITS RECOMMENDATION FOR COMPENSATION, THE GOVERNANCE COMMITTEE MADE USE OF DATA OF COMPARABLE ORGANIZATIONS (MULTIPLE-CAMPUS CHARTER SCHOOLS) DRAWN UP BY NEWSCHOOLS VENTURE FUND, AN INDEPENDENT 501(C)(3) WHICH MAKES CHARITABLE GRANTS TO HIGH PERFORMING EDUCATION ORGANIZATIONS AND WHICH CONDUCTS RESEARCH ON CHARTER SCHOOLS. THE DATA SHOWED THAT THE CEO'S COMPENSATION WAS 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.