2014-05-09T10:39:19-05:00 2013-06-30 420714325 MCGLADREY LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2012-07-01 522174617 PERRY STREET PREPARATORY PUBLIC CHARTER SCHOOL PERR 2025294400 1800 PERRY ST NE WASHINGTON DC 20018 GARRETT MUSHAW 2025294400 2014-05-09 1 WILLIAM E TURCO CPA P00369217 3012963600 2012 2015-11-30 17:44:51Z SHADWICK JENKINS 1800 PERRY ST NE WASHINGTON DC 20018 17293663 0 X WWW.PSPDC.ORG X 1999 DC PSPPCS WAS INCORPORATED AS A COLLEGE PREPARATORY PUBLIC CHARTER SCHOOL IN AN EFFORT TO DEVELOP SOCIALLY RESPONSIBLE LEADERS WHILE TRANSFORMING PUBLIC EDUCATION. 8 8 220 35 0 0 2175039 1818962 14425431 14929631 6073 51857 37619 3276 16644162 16803726 0 0 0 0 8870136 9806293 0 0 16501 5696454 5125124 14566590 14931417 2077572 1872309 25844767 27843250 18998846 19240143 6845921 8603107 WE ARE A COMMUNITY OF DIVERSE LEARNERS THAT BUILDS RELATIONSHIPS WITH FAMILIES TO EMPOWER STUDENTS TO BECOME COLLEGE-READY AND THRIVE IN A GLOBAL SOCIETY. 0 0 6653639 10086488 ACADEMICS:DESIGNED TO CHALLENGE, ENGAGE, DEVELOP AND SUPPORT LIFELONG LEARNING. IN EACH CLASSROOM, STUDENTS ARE CHALLENGED BY TEACHERS AND PEERS TO GO AFTER HIS/HER BEST. THE TEACHERS FACILITATE STUDENTS THROUGH AN ACADEMICALLY RIGOROUS CURRICULUM THAT IS GEARED TO HELPING THEM BECOME MORE CURIOUS. PSPPCS OFFERS A COMPREHENSIVE, MASTERY-BASED EDUCATIONAL PROGRAM TO ALL STUDENTS THAT IS ROOTED IN RESEARCH-BASED EDUCATIONAL PRACTICE, AND WHICH IS DESIGNED TO ULTIMATELY PREPARE STUDENTS FOR THE RIGORS OF HIGHER EDUCATION. 2756275 3139115 BUILDINGS AND GROUNDS:FACILITATE THE OPERATIONS OF SCHOOL ACTIVITIES AND PROGRAMS. 2995727 1704028 SPECIAL PROGRAMS:SPECIAL EDUCATION PROGRAMMING GEARED TO PROVIDING FOR THE DIVERSE NEEDS OF STUDENTS. SIXTY SEVEN STUDENTS WERE SERVED IN THE SPECIAL EDUCATION PROGRAM. 12405641 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 43 0 1 220 1 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X GARRETT MUSHAW 2025294400 1800 PERRY ST NE WASHINGTON DC 20018 CYNTHIA CINDY BROWN 0.50 X X 0 0 0 HAROLD BARDONILLE 0.50 X X 0 0 0 VINETTE E BROWN 0.50 X X 0 0 0 JOHN W ROLLINS 0.50 X X 0 0 0 CHRISTIAN CRONIN 0.50 X 0 0 0 ANNE HEDMAN 0.50 X 0 0 0 MALINDA R DERR 0.50 X 0 0 0 MARY KOMONGNAN 0.50 X 0 0 0 GARRETT MUSHAW 40.00 X 120394 0 10034 SHADWICK JENKINS 40.00 X 104200 0 3651 224594 0 13685 2 0 0 0 SYSCO FOOD SERVICES P O BOX 1099 JESSUP MD 20794 FOOD SERVICE PRODUCTS 390388 ELITE JANITORIAL 9098 EUCLID AVE MANASSAS VA 20110 JANITORIAL 345046 CORE INC 2550 9TH STREET SUITE 102 BERKELEY CA 94710 PROFESSIONAL DEVELOPMENT 288499 ONTARGET 2035 2ND STREET NW GL03 WASHINGTON DC 20001 OCCUPATIONAL THERAPY 234774 STEPHEN QUINN PSY D & ASSOCIATES 254 N WASHINGTON ST FALLS CHURCH VA 22046 PSYCHOLOGICAL CONSULTING 143625 7 1736042 82920 10298 1818962 PER PUPIL ALLOCATION 900099 13018109 13018109 FACILITIES STIPEND 900099 1699461 1699461 STUDENT FEES 900099 183588 183588 FOOD SERVICE FUNDS 900099 28473 28473 14929631 45557 45557 483626 12611 489937 0 -6311 12611 6300 6300 OTHER INCOME 900099 3276 3276 3276 16803726 14929631 0 55133 285767 240996 44311 460 7599396 6408809 1178361 12226 88105 78422 9597 86 1099030 978237 119716 1077 733995 618415 114450 1130 20348 20348 146190 146190 244928 244928 114267 94303 19951 13 1230820 1015783 214897 140 309888 255748 54105 35 1007271 831291 175866 114 152162 125578 26567 17 DIRECT STUDENT EXPENSES 1244268 1244268 FOOD SERVICE 415992 415992 BOND AMORTIZATION 92622 76440 16172 10 PCSB ADMINISTRATION FEE 83674 83674 62694 21359 40142 1193 14931417 12405641 2509275 16501 581 3867894 5622158 711863 531814 64266 105448 19942763 3787622 17113342 16155141 3119775 4497484 967046 931205 25844767 27843250 265824 666966 1111461 878810 12625000 12114656 3979122 3850706 1017439 1729005 18998846 19240143 X 6421115 8208808 424806 394299 6845921 8603107 25844767 27843250 1872309 -115123 0 X 0 1 X 1 1 1 X 4462019 500000 4962019 3962019 500000 4462019 5441735 1479716 3962019 4474198 967537 5441735 4950987 476789 4474198 1.00000 0 0 16930335 1737793 15192542 44580 6444 38136 2148779 1601618 547161 819069 441767 377302 16155141 DEFERRED RENT 1451433 DUE TO AGENCY 277572 1729005 X 16786175 -115123 97572 -17551 16803726 0 16803726 15028989 97572 97572 14931417 0 14931417 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE BOARD OF TRUSTEES HAS DESIGNATED A PORTION OF THE FUNDS AND ESTABLISHED A FACILITIES FUND, WHICH WILL BE UTILIZED TOWARD THE ACQUISITION OF A SCHOOL FACILITY AND APPROVED LEASEHOLD IMPROVEMENTS OF THE FACILITIES CURRENTLY UNDER THE LEASE. IT IS THE BOARD'S GOAL TO USE THE FACILITIES FUND FOR CAPITAL IMPROVEMENTS AND TO LIQUIDATE DEBT INCURRED IN CAPITAL IMPROVEMENTS. THE BALANCE IN THIS FUND IS ADJUSTED ANNUALLY BY THE CHANGE IN NET ASSETS ON AN ACCRUAL BASIS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE SCHOOL IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. INCOME THAT IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. THE SCHOOL HAD NO NET UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2013 AND 2012. THE SCHOOL COMPLIES WITH 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, THE SCHOOL 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. THE SCHOOL IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS, AND THEREFORE, NO TAX LIABILITIES HAVE BEEN RECORDED AS OF JUNE 30, 2013 AND 2012, NOR HAVE ANY RELATED INTEREST AND PENALTIES BEEN INCLUDED IN THE STATEMENT OF FINANCIAL POSITION OR STATEMENT OF ACTIVITIES. GENERALLY, THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2010. 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 THE SCHOOL MAINTAINS A RACIALLY NONDISCRIMINATORY POLICY. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED FUNDING FROM THE U.S. DEPARTMENT OF EDUCATION AND U.S. DEPARTMENT OF AGRICULTURE. A DISTRICT OF COLUMBIA REVENUE BONDS 536001131 2010-05-13 12625000 FACILITY RENOVATION 0 0 0 A 510344 12625000 12625000 2010 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 0 0 0 0 0 A 1 FORM 990, PART VI, SECTION B, LINE 11 THE SCHOOL DISTRIBUTES THE 990 TO THE BOARD OF TRUSTEES, HEAD OF SCHOOL, AND CHIEF OPERATING OFFICER FOR REVIEW. THE DOCUMENT IS REVIEWED, DISCUSSED, AND APPROVED PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL DISTRIBUTES THE POLICY TO EVERY BOARD MEMBER. EVERY BOARD MEMBER ACKNOWLEDGES THAT THEY HAVE RECEIVED AND READ THE POLICY AND DISCLOSES WHETHER THERE ARE ANY CONFLICTS OF INTEREST EACH YEAR. THE SIGNED COPIES OF THE CONFLICT OF INTEREST FORM ARE KEPT IN THE BUSINESS OFFICE. ALL EMPLOYEES SIGN A STATEMENT SAYING THAT THEY HAVE READ AND UNDERSTOOD THE CONTENTS OF THE EMPLOYEE HANDBOOK. IN THE HANDBOOK EMPLOYEES ARE ENCOURAGED TO AVOID BECOMING INVOLVED IN ACTIVITIES THAT CONFLICT WITH HYDE-DC DUTIES AND RESPONSIBILITIES. REGARDLESS OF THE SOURCE OR VALUE OF ANY GIFT, CASH, OR FAVOR, EMPLOYEES AND ANY MEMBERS OF THE EMPLOYEE'S FAMILY MUST DECLINE ANY GIFT OFFERED UNDER CIRCUMSTANCES INDICATING THAT ITS PURPOSE IS TO INFLUENCE THE EMPLOYEE IN THE PERFORMANCE OF HIS/HER JOB. IN ADDITION, EMPLOYEES MUST REFUSE ANY GIFTS OF NOMINAL VALUE IF THEY ARE PART OF A PATTERN OR PRACTICE WHICH, WHEN VIEWED AS A WHOLE, WOULD BE CONSIDERED LAVISH OR EXPENSIVE. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL'S BOARD MEMBERS DETERMINE THE COMPENSATION OF THE HEAD OF SCHOOL AND OTHER KEY EMPLOYEES BY RESEARCHING COMPETITIVE SALARIES VIA THE 990'S OF OTHER ORGANIZATIONS, INDEPENDENTLY GENERATED SALARY SURVEYS AND THE EVALUATION OF EMPLOYEE'S PERFORMANCE. THERE IS CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATIONS OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND FORM 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FURTHER, AS PART OF OUR REPORTING REQUIREMENTS WITH THE PUBLIC CHARTER SCHOOL BOARD, MANY OF THESE DOCUMENTS ARE AVAILABLE TO THE PUBLIC VIA THEIR WEBSITE.