2013-05-13T20:49:39-05:00 2012-06-30 202153727 SB & Company LLC 200 International Circle Suite 5500 Hunt Valley MD 21030 990 2011-07-01 261160987 SEDC Charter School Inc SEDC 2025611622 3100 Martin Luther King Jr Ave SE Washington DC 20032 Barbara Bazron 2025611622 2013-05-13 1 William A Seymour P00644232 4105840060 2013-05-13 2011 2016-03-07 17:11:31Z Barbara Bazron 3100 Martin Luther King Jr Ave SE Washington DC 20032 9374112 0 X www.imaginesoutheastpcs.org X 2007 DC To help parents and guardians educate their children by creating learning communities hope. 4 4 147 15 0 0 543636 628218 7130297 8669133 0 0 40969 76761 7714902 9374112 0 0 0 0 3498089 4369589 0 0 23565 3884144 4759210 7382233 9128799 332669 245313 1489718 1828144 1002957 1096070 486761 732074 X The corporation is organized and shall operate exclusively for the following lawful purposes: Educational, charitable, scientific, literary, musical, social, athletic and promotion of the arts, including the operation of a public charter school, but only to the extent that such purposes are permitted within the meaning of section 501(c)(3) of the Internal Revenue Code of 1986, as amended (hereinafter referred to as the "Code"). The corporation shall have all powers granted to it by law to further its above stated purposes, including those expressly stated in its bylaws. 0 0 6775167 8745894 SEDC Charter School, Inc., T/A Imagine Southeast Public Charter School (The School) is a not-for-profit organization, incorporated and located in Washington, DC. The School's mission is to help parents and guardians educate their children by creating learning communities of achievement and hope. The school was founded with the goal of restoring vision and purpose to schools and returning parents and guardians to full participation in the education of their children. These activities are funded primarily through the Disctrict of Columbia per pupil allocation and grants from the Federal government. 6775167 1 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 29 0 1 147 1 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X The Organization 2025611622 3100 Martin Luther King Jr Ave SE Washington DC 20032 Barbara Bazron 1.00 X X 0 0 0 Matt Engel 1.00 X X 0 0 0 Aaron Renenger 1.00 X X 0 0 0 Renee Gerber 1.00 X 0 0 0 Stacey Scott 40.00 X 105395 0 16178 105395 0 16178 1 0 0 0 Imagine Schools - DC Region 601 7th Street Suite 202 Laurel MD 20707 Administrative Support 1358559 Schoolhouse Finance 1005 North Glebe Road Suite 610 Arlington VA 22201 Real estate financing services 1115067 Aetna Lockbox 804735 PO Box 804735 Chicago IL 60680 Health insurance benefit 267874 Revolution Foods PO Box 60000 San Francisco CA 94160 Food service provider 261671 Pepco PO Box 13608 Philadelphia PA 19101 Utility-Electric 188246 6 628218 628218 DC per pupil allocatio 611600 8249008 8249008 Food services 611600 295311 295311 Student care services 611600 111586 111586 Field trips 611600 13228 13228 8669133 School fundraisers 900099 30391 30391 46370 46370 76761 9374112 8745894 0 0 110668 94613 16055 3559495 3031600 527895 60944 52102 8842 336974 288087 48887 301508 257766 43742 1357508 1357508 19428 16610 2818 19250 16457 2793 330753 330753 163422 149067 14355 67897 58047 9850 1606008 1373013 232995 194994 166705 28289 33524 28660 4864 Foodservice 477252 477252 Textbooks/supplies 137647 137647 Professional developmen 112884 96507 16377 Other student costs 67939 67939 170704 132342 14797 23565 9128799 6775167 2330067 23565 590766 1155306 465292 228217 48968 89853 875575 520807 384692 354768 1489718 1828144 886513 764417 116444 331653 1002957 1096070 X 486761 732074 486761 732074 1489718 1828144 245313 0 X X 0 1 1 X 1 1 X 98959 27989 70970 776616 492818 283798 354768 Deferred Rent 331653 331653 9374112 9128799 245313 245313 9374112 0 9374112 0 9374112 9128799 0 9128799 0 9128799 Description of Uncertain Tax Positions Under FIN 48: Part X: Financial Accounting Standards Board Accounting Standards Codification 740 (ASC 740), Income Taxes, establishes guidelines for recognizing, measuring, and disclosing tax return positions in financial statements. Management has evaluated the tax positions of the School and determined that the application of ASC 740 had no material impact on its financial statements. Accordingly, no adjustments for unrecognized tax benefits or related interest or penalties were required as of June 30, 2012 or June 30, 2011. If applicable, the School would recognize accrued interest and penalties related to unrecognized tax benefits in the statement of activities and change in net assets. Management is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits would significantly increase or decrease during the next twelve months. Each of the tax years in the four-year period ending June 30, 2012, remains subject to examination by Federal taxing authorities, however certain state taxing authorities may lengthen this period to five years. 1 0 0 1 0 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 racially nondiscriminatory policy is stated on our website. Explanation of Document Retention Schedule E, Part I, Line 4 The school does not award scholarships. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 During the year ended June 30, 2012, the school received government funding from the US Department of Education, the US Department of Agriculture and the DC Public Charter School Board. Form 990, Part VI, Section A, line 8b The full board makes all decisions. Subcommittees only make recommendations Form 990, Part VI, Section B, line 11 The Form 990 is reviewed by the business manager for accuracy. After the business manager's review, the Form 990 is then presented to the full board prior to filing with the IRS. Form 990, Part VI, Section B, line 12c Each member of the Board of Directors and staff of the Imagine Public Charter School must disclose in writing to the Board any possible conflict of interest. This disclosure must be updated annually. When such conflict of interest is relevant to a matter requiring action by the Board of Directors, the interested Director shall bring it to the attention of the Board. The interested Director will retire from the room in which the Board is meeting and will not participate in any discussion or vote on such matter. Form 990, Part VI, Section B, line 15a The principal's salary is determined by the Regional Director and the Board during the formal budget process, which is documented in the minutes. During the process, the Board reviews the principal's accomplishments and discusses any concerns, if necessary. Based on their review and the use of the management company, Imagine, the principal's salary has been determined to be consistent with other principals in the region and throughout the country. Form 990, Part VI, Section C, line 19 The school's governing documents, conflict of interest policy, financial statements, Form 1023 and 990 are made available to the public upon request. Form 990, Part XII, Line 2c: The process has not changed since prior year.