2013-01-25T17:03:50-06:00 2012-06-30 521223909 MCQUADE BRENNAN LLP 1730 RHODE ISLAND AVE NW 800 WASHINGTON DC 20036 990 2011-07-01 522139528 PAUL PUBLIC CHARTER SCHOOL INC PAUL 2022917499 5800 8TH STREET NW WASHINGTON DC 20011 STERLING WARD 2022917499 2013-01-25 1 BRIAN D MCQUADE P01340629 2022963306 2011 2016-02-25 16:41:14Z STERLING WARD 5800 8TH STREET NW WASHINGTON DC 20011 9460878 0 X WWW.PAULCHARTER.ORG X 2000 DC OPERATES A DC PUBLIC CHARTER SCHOOL FOR GRADES 6 THROUGH 9 10 10 107 10 0 0 8925461 9269170 48550 43600 154991 141993 0 6115 9129002 9460878 0 0 0 0 6046469 5593134 0 0 41439 3302395 3221942 9348864 8815076 -219862 645802 8725709 8312013 2957841 1913140 5767868 6398873 X THE GOAL OF THE SCHOOL IS TO PROVIDE THE INTELLECTUALLY CHALLENGING EXPERIENCES REQUIRED TO DEVELOP INDEPENDENT, PRODUCTIVE, AND RESPONSIBLE INDIVIDUALS, WHO WILL LEARN TO LOVE LEARNING, WILL BE TAUGHT TO THINK CRITICALLY, AND WHO WILL DEMONSTRATE THAT THEY UNDERSTAND THE IMPORTANCE OF TAKING ACTIVE ROLES IN COMMUNITY LIFE. 0 0 7646994 49715 OPERATED A PUBLIC CHARTER SCHOOL FOR APPROXIMATELY 593 STUDENTS IN GRADES SIX THROUGH NINE. 7646994 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 68 0 1 107 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 X THE ORGANIZATION 2022917499 5800 8TH STREET NW WASHINGTON DC 20011 JIM MOSS 2.00 X 0 0 0 HASHIM HASSAN 2.00 X 0 0 0 JOHN TROY 2.00 X 0 0 0 MANNONE BUTLER 2.00 X 0 0 0 ROBERTA COLTON 2.00 X 0 0 0 RICKEY GREEN 2.00 X 0 0 0 TOD DONHAUSER 2.00 X 0 0 0 LORI MCGILL 2.00 X 0 0 0 STERLING WARD 2.00 X X 0 0 0 DENNIS CAMPBELL 2.00 X X 0 0 0 JAMI DUNHAM 40.00 X 111289 0 9554 KIMBERLY SPRIGGS 40.00 X 105027 0 5901 216316 0 15455 2 0 0 0 BBC CONSTRUCTION 2301 ARCOLA AVENUE SILVER SPRING MD 20902 CONSTRUCTION 173766 1 9196614 72556 9269170 FOOD SERVICE 900099 29141 29141 SALES AND ACTIVITY FEE 900099 14459 14459 43600 141993 141993 OTHER INCOME 900099 6115 6115 6115 9460878 43600 0 148108 238968 204348 33418 1202 4394975 3758234 614625 22116 220170 188272 30790 1108 344746 294799 48212 1735 394275 337641 54323 2311 55153 47893 6888 372 166347 148280 18067 45201 39328 5662 211 233933 198937 34635 361 43148 37538 5398 212 1193744 1038517 149352 5875 43958 37262 3205 3491 315976 311625 4351 32265 28069 4037 159 378004 328851 47293 1860 82350 71642 10303 405 DIRECT STUDENT COSTS 488636 488636 BAD DEBT EXPENSE 37232 37232 OTHER GENERAL EXPENSE 33607 32639 968 MEMBERSHIPS 21537 19119 2418 50851 35364 15466 21 8815076 7646994 1126643 41439 427979 688191 1071994 282281 8436 7123 66786 51814 6204398 2273258 3926246 3931140 3224268 3351464 8725709 8312013 1391427 1080073 250024 115643 1270008 625592 46382 91832 2957841 1913140 X 5764703 6394300 3165 4573 5767868 6398873 8725709 8312013 X 645802 -14797 X X 0 1 1 X 1 1 X 287650 112663 174987 3829169 654729 3174440 2087579 1505866 581713 3931140 CAPITAL LEASE PAYABLE 91832 91832 9460878 8815076 645802 -14797 -14797 631005 9446081 -14797 -14797 9460878 0 9460878 8815076 0 8815076 0 8815076 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL ADOPTED THE ACCOUNTING OF UNCERTAINTY IN INCOME TAXES AS REQUIRED BY THE INCOME TAXES TOPIC (TOPIC 740) OF THE FASB ACCOUNTING STANDARD CODIFICATION. TOPIC 740 REQUIRED THE SCHOOL TO DETERMINE WHETHER A TAX POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT TO BE RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS MORE THAN FIFTY PERCENT LIKELY OF BEING RECOGNIZED UPON ULTIMATE SETTLEMENT WHICH COULD RESULT IN THE SCHOOL RECORDING A TAX LIABILITY THAT WOULD REDUCE ITS NET ASSETS. THE SCHOOL HAS ANALYZED ITS TAX POSITIONS, AND HAS CONCLUDED THAT NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS SHOULD BE RECORDED RELATED TO ANY UNCERTAIN TAX POSITIONS TAKEN ON RETURNS FILED FOR OPEN TAX YEARS (2008-2010), OR EXPECTED TO BE TAKEN IN ITS 2011 TAX RETURN. THE SCHOOL IS NOT AWARE OF ANY TAX POSITIONS FOR WHICH IT BELIEVES THERE IS A REASONABLE POSSIBILITY THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL MATERIALLY CHANGE IN THE NEXT TWELVE MONTHS. 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 INCLUDES A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS IN ITS BROCHURES AND CATALOGS DEALING WITH STUDENT ADMISSIONS AND PROGRAMS EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 DC LOCAL APPROPRIATIONS $8,459,321 FEDERAL ENTITLEMENT PROGRAMS 510,899 USDA SCHOOL LUNCH PROGRAM 145,212 CONGRESSIONAL APPROPRIATIONS 76,800 FORM 990, PART VI, SECTION A, LINE 1 BY A MAJORITY VOTE OF THE TRUSTEES ELIGIBLE TO VOTE IN OFFICE, THE BOARD OF TRUSTEES MAY DESIGNATE AN EXECUTIVE COMMITTEE CONSISTING OF AT LEAST THREE TRUSTEES, ONE OF WHOM SHALL BE THE CHAIRMAN OF THE BOARD OF TRUSTEES, WHO SHALL ALSO BE CHAIRMAN OF THE EXECUTIVE COMMITTEE. THE BOARD OF TRUSTEES MAY DESIGNATE ONE OR MORE OF THE TRUSTEES AS ALTERNATE MEMBERS OF THE EXECUTIVE COMMITTEE, WHO MAY REPLACE ANY ABSENT OR DISQUALIFIED MEMBER AT ANY MEETING OF THE COMMITTEE UPON THE REQUEST OF THE CHAIRMAN OF THE BOARD OF TRUSTEES. EXCEPT AS OTHERWISE REQUIRED BY LAW OR THESE BYLAWS, THE EXECUTIVE COMMITTEE SHALL HAVE SUCH AUTHORITY AS THE BOARD OF TRUSTEES SHALL GRANT TO IT FOR THE MANAGEMENT OF THE CORPORATION, INCLUDING THE POWER TO AUTHORIZE THE SEAL OF THE CORPORATION TO BE AFFIXED TO ALL PAPERS THAT MAY REQUIRE IT. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS MONITORS ANY POTENTIAL CONFLICT OF INTEREST ISSUES ON A CURRENT BASIS AND ENFORCES COMPLIANCE WITH THE POLICY. AFTER DISCLOSURE BY ANY INTERESTED PERSON OF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, THE BOARD SHALL ADDRESS THE CONFLICT AS REQUIRED HEREIN AND SHALL DETERMINE WHETHER TO APPROVE OR DISAPPROVE THE CONTRACT, ARRANGEMENT OR TRANSACTION AT ISSUE. WHERE AN INTERESTED PERSON IS A BOARD MEMBER, THE INTERESTED PERSON MUST LEAVE THE MEETING PRIOR TO AND MAY NOT PARTICIPATE IN ANY VOTE REGARDING WHETHER TO APPROVE OR DISAPPROVE THE CONTRACT OR TRANSACTION IN QUESTION. THE BOARD CHAIR SHALL APPOINT DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED CONTRACT, ARRANGEMENT OR TRANSACTION. AFTER FULL INVESTIGATION, IT IS THE BOARD'S DUTY TO DETERMINE WHETHER OR NOT TO ENTER INTO A PROPOSED CONTRACT, ARRANGEMENT OR TRANSACTION BASED ON THE RISK OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST, OR THE PERCEPTION OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST. IF THE BOARD DETERMINES THAT THE INTERESTED PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, THE BOARD SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15A THE PERSONNEL COMMITTEE OF THE BOARD REVIEWS AND APPROVES THE COMPENSATION OF THE HEAD OF SCHOOL USING COMPARABILITY DATA, AND CONTEMPORANEOUSLY DOCUMENTS THE DELIBERATION AND DECISION IN THE MINUTES OF THE MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -14,797. OVERSIGHT OF AUDIT FORM 990, PART XII, LINE 2C THERE HAVE BEEN NO CHANGES DURING THE YEAR IN THE PROCESS FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS.