2012-05-14T10:18:01-05:00 2011-06-30 MCGLADREY LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2010-07-01 261255738 CENTER CITY PUBLIC CHARTER SCHOOLS CENT 2025890202 7 NEW YORK AVE NE SUITE 300 WASHINGTON DC 20002 JAMES LAYCHAK 2025890202 2012-05-14 1 WILLIAM E TURCO CPA 3012963600 2010 2016-02-24 21:20:13Z RALPH BOYD 7 NEW YORK AVE NE SUITE 300 WASHINGTON DC 20002 22788625 0 X HTTP://WWW.CENTERCITYPCS.ORG X 2007 DC IT IS THE MISSION OF CENTER CITY PUBLIC CHARTER SCHOOLS (CENTER CITY PCS) TO EMPOWER OUR CHILDREN FOR SUCCESS THROUGH A RIGOROUS ACADEMIC PROGRAM AND STRONG CHARACTER EDUCATION WHILE CHALLENGING STUDENTS TO PURSUE EXCELLENCE IN SCHOLARSHIP, CHARACTER AND SERVICE IN ORDER TO DEVELOP SKILLS NECESSARY TO BOTH SERVE AND LEAD OTHERS IN THE 21ST CENTURY IN CHARACTER, EXCELLENCE AND SERVICE. 9 9 311 239 0 0 3947315 3698282 15149059 17699608 91427 29258 44313 1337914 19232114 22765062 0 0 0 0 11379133 12625224 0 0 0 8736686 10385154 20115819 23010378 -883705 -245316 8738955 5268916 5319237 2796459 3419718 2472457 X IT IS THE MISSION OF CENTER CITY PUBLIC CHARTER SCHOOLS (CENTER CITY PCS) TO EMPOWER OUR CHILDREN FOR SUCCESS THROUGH A RIGOROUS ACADEMIC PROGRAM AND STRONG CHARACTER EDUCATION WHILE CHALLENGING STUDENTS TO PURSUE EXCELLENCE IN SCHOLARSHIP, (SEE SCHEDULE O)CHARACTER AND SERVICE IN ORDER TO DEVELOP SKILLS NECESSARY TO BOTH SERVE AND LEAD OTHERS IN THE 21ST CENTURY IN CHARACTER, EXCELLENCE AND SERVICE. 0 0 20312523 17731027 PROVIDE AN OUTSTANDING INTENSIVE EDUCATION PROGRAM THAT PREPARES STUDENTS BOTH ACADEMICALLY AND SOCIALLY TO THRIVE IN A DEMOCRATIC SOCIETY. CCPCS OPERATES SIX CAMPUS LOCATIONS SERVING 1,300 STUDENTS FROM PK TO 8TH GRADE. 20312523 1 1 0 0 0 0 0 0 0 1 0 0 1 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 41 0 1 311 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 DC X X WAYNE POPHAM 2025890202 7 NEW YORK AVE NE SUITE 300 WASHINGTON DC 20002 RALPH F BOYD 10.00 X X 0 0 0 S JOESEPH BURNO 10.00 X X 0 0 0 GEORGE W BROWN 2.00 X 0 0 0 JACK GRIFFIN 2.00 X 0 0 0 MARK MEDEMA 2.00 X 0 0 0 MARY ANNE STRANTON 2.00 X 0 0 0 THOMAS O'HARA 2.00 X 0 0 0 ERNEST WILLIAMS 2.00 X 0 0 0 DENISE PARKER 2.00 X 0 0 0 BEVERLEY WHEELER 45.00 X 92596 0 10746 DEIDRA BARKSDALE 40.00 X 110344 0 20854 BRENNA C COPELAND 45.00 X 90766 0 12928 JAMES LAYCHAK 45.00 X 11747 0 1014 JUANA BROWN 45.00 X 83435 0 9839 MAUREEN HOLLA 45.00 X 40803 0 3678 429691 0 59059 1 0 0 0 BUSY BEE ENVIRONMENTAL SERVICES INC 7826 EASTERN AVE NW WASHINGTON DC 20012 JANITORIAL SERVICES 831266 END-TO-END SOLUTIONS 714 G ST SE WASHINGTON DC 20003 SPECIAL EDUCATION SUPPORT 474135 NUTRITION INC PO BOX 30985 WASHINGTON DC 20030 STUDENT MEALS 393195 RAFFA PC 1800 L STREET 900 NW WASHINGTON DC 20036 ACCOUNTING & CONSULTING 378694 REVOLUTION FOODS INC PO BOX 60000 SAN FRANCISCO CA 94160 STUDENT MEALS 299432 13 3598593 99689 3698282 PUPIL ALLOCATION 611600 17666921 17666921 BEFORE & AFTER CARE FE 611600 32687 32687 17699608 44336 44336 3500 3500 3500 3500 8485 23563 -15078 -15078 -15078 LOAN FORGIVENESS 900099 1302995 1302995 MEAL FEES 900099 21080 21080 OTHER INCOME 900099 10339 10339 1334414 22765062 17731027 0 1335753 479177 432109 47068 10200926 9201966 998960 330210 296920 33290 763506 686534 76972 851405 765571 85834 165595 50711 114884 106727 78195 28532 2356687 1734496 622191 74606 74606 203155 125088 78067 285725 237640 48085 3219162 3061830 157332 39434 38135 1299 12732 12732 884421 679045 205376 101032 90823 10209 DIRECT STUDENT COSTS 1614239 1614239 STUDENT MEAL SERVICES 870638 870556 82 PROFESSIONAL DEVEL. 325025 325025 DCPCSB ADMINISTRATION F 92377 92377 DUES & SUBSCRIPTIONS 33599 23640 9959 23010378 20312523 2697855 0 1715604 600057 3016874 1336415 1320328 1031331 102765 41262 227083 203055 3276021 1625788 2356301 1650233 0 406563 8738955 5268916 1338463 2112693 391551 436089 3300000 289223 247677 5319237 2796459 X 3419718 2472457 3419718 2472457 8738955 5268916 X -245316 -701945 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2564680 1296655 1268025 711341 329133 382208 1650233 OTHER ASSETS 406563 406563 DEFERRED RENT 247677 247677 22765062 23010378 -245316 -701945 -701945 -947261 22780140 0 22780140 -15078 -15078 22765062 23025456 15078 15078 23010378 0 23010378 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION. UNDER SECTION 501(C)(3) OF THE IRC, THE SCHOOL IS EXEMPT FROM FEDERAL TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. THE SCHOOL DID NOT HAVE ANY NET UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2011 AND 2010. THE SCHOOL ADOPTED 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 PERCENT 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 HAD NO SUCH POSITIONS RECORDED IN THE FINANCIAL STATEMENTS AT JUNE 30, 2011 AND 2010. GENERALLY, THE SCHOOL IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX POSITIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2008. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF FURNITURE & EQUIPMENT REPORTED ON LINE 7C -15,078. PART XIII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF FURNITURE & EQUIPMENT REPORTED ON LINE 7C 15,078. 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 SHALL ADMIT STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN. IT WILL NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL AND ETHNIC ORIGIN IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSIONS, OR ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 CENTER CITY PUBLIC CHARTER SCHOOLS WAS ORGANIZED FOR THE PURPOSE OF OPERATING A PUBLIC CHARTER SCHOOL FOR EDUCATIONALLY UNDERSERVED CHILDREN RESIDING IN WASHINGTON, D.C. CENTER CITY PUBLIC CHARTER SCHOOLS RECEIVES A STUDENT ALLOCATION FROM THE DISTRICT OF COLUMBIA TO COVER THE COST OF ACADEMIC AND FACILITIES EXPENSES. EXPLANATION OF REVENUE LESS EXPENSES FORM 990, PAGE 1, LINE 19 FORM 990 PAGE 1 LINE 19 INDICATES REVENUE LESS EXPENSES OF -$245,316 WHICH IS CORRECT ACCORDING TO GAAP. REVENUE LESS EXPENSES WOULD HAVE BEEN +$65,000 HAD $2.0M IN CAPITAL EXPENSES PUT IN SERVICE IN 2009 BEEN DEPRECIATED OVER THE 10 YEAR USEFUL LIFE OF THE ASSET RATHER THAN OVER THE REMAINING 4 YEAR LIFE OF THE LEASE AS REQUIRED BY GAAP. MANAGEMENT BELIEVES THAT THE GAAP REQUIREMENT TO DEPRECIATE CERTAIN ASSETS WITH A $500,000 PER YEAR EXPENSE OVERSTATES THE OPERATING EXPENSES OF THE COMPANY AND CAUSES THE PERCEPTION THAT THE ORGANIZATION IS RUNNING AT A LOSS WHEN THE ORGANIZATION WOULD BE RUNNING AT A $65,000 SURPLUS BUT FOR THE ACCELERATED GAAP METHODOLOGY OF DEPRECIATION REQUIRED FOR PRESENTATION OF THE AUDITED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 11 FORM 990, PART VI, SECTION B, LINE 11: THE COO REVIEWS THE COPY OF THE 990 WITH THE DIRECTOR OF FINANCE/CONTROLLER. AFTER THE INITIAL REVIEW IS COMPLETED, THE COO REVIEWS THE 990 WITH THE BOARD TREASURER AND/OR BOARD CHAIRMAN. ANY SUGGESTED CHANGES ARE MADE, A FINALIZED COPY IS GENERATED AND THE 990 IS FILED. THE BOARD OF DIRECTORS IS KEPT ABREAST OF THE VARIOUS STAGES OF COMPLETION OF THE 990 AS A RESULT OF THE FINANCE AND/OR AUDIT COMMITTEE REPORTS GIVEN DURING THE QUARTERLY BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 12C CENTER CITY PCS HAS A CONFLICT OF INTEREST POLICY. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A.HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B.HAS READ AND UNDERSTANDS THE POLICY, C.HAS AGREED TO COMPLY WITH THE POLICY, AND, D.UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: A.WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING. B.WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE CEO OF THE ORGANIZATION WAS DETERMINED BY THE USE OF A REVIEW OF SIMILAR ORGANIZATIONS FORM 990 AS WELL AS A COMPENSATION STUDY. THE COMPENSATION OF THE CEO WAS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 WE WILL MAKE APPROPRIATE GOVERNING DOCUMENTS AVAILABLE VIA GUIDESTAR AS WELL AS UPON REQUEST FROM THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: PRIOR PERIOD ADJUSTMENTS: -701,945.