2012-03-12T10:28:59-05:00 2011-06-30 MCGLADREY & PULLEN LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2010-07-01 742974642 KIPP DC KIPP 2022234505 1003 K STREET NW NO 700 WASHINGTON DC 200014421 SUSAN SCHAEFFLER 2022234505 2012-03-06 1 WILLIAM E TURCO CPA 3012963600 2010 2016-02-24 21:20:13Z SUSAN SCHAEFFLER 1003 K STREET NW NO 700 WASHINGTON DC 200014421 47456994 0 X WWW.KIPPDC.ORG X 2001 DC KIPP DC'S MISSION IS TO CREATE AND SUSTAIN THE HIGHEST QUALITY SCHOOL SYSTEM FOR THE COMMUNITIES MOST UNDERSERVED IN WASHINGTON, D.C. KIPP DC STUDENTS DEVELOP THE KNOWLEDGE, SKILLS, AND CHARACTER NECESSARY TO BECOME THOUGHTFUL, INFLUENTIAL, AND SUCCESSFUL CITIZENS IN THE COMPETITIVE WORLD. KIPP DC WILL RAISE EXPECTATIONS OF PUBLIC EDUCATION IN UNDERSERVED COMMUNITIES BY CULTIVATING HIGH-PERFORMING EDUCATIONAL LEADERS AND BY SERVING AS A MODEL OF EXCELLENCE.THE KIPP DC COMMUNITY HOLDS ITSELF TO HIGH STANDARDS, CONFIDENT THAT SUCCESS CAN BE ACHIEVED BY ALL, REGARDLESS OF CHALLENGING CIRCUMSTANCES. BY PROACTIVELY WORKING WITH STUDENTS IN WHATEVER CAPACITY NECESSARY, KIPP DC CONTINUES TO PROVE THAT STUDENTS, FAMILIES, AND COMMUNITIES CAN OVERCOME THE BARRIERS TO SUCCESS. KIPP DC MAKES A COMMITMENT TO EACH AND EVERY STUDENT THAT HE OR SHE CAN AND WILL GO TO COLLEGE. THROUGH TEAM WORK, TENACITY, AND FOCUSED DEDICATION, KIPP DC IS PREPARING STUDENTS FOR SUCCESS IN COLLEGE AND BEYOND. 14 12 314 65 0 0 11712554 17489146 21145053 28895346 -110646 51877 504862 956183 33251823 47392552 0 364865 0 0 14147131 19149461 0 0 257195 10142680 13975948 24289811 33490274 8962012 13902278 69495106 84123550 36022104 36860756 33473002 47262794 X KIPP DC'S MISSION IS TO CREATE AND SUSTAIN THE HIGHEST QUALITY SCHOOL SYSTEM FOR THE COMMUNITIES MOST UNDERSERVED IN WASHINGTON, D.C. KIPP DC STUDENTS DEVELOP THE KNOWLEDGE, SKILLS, AND CHARACTER NECESSARY TO BECOME THOUGHTFUL, INFLUENTIAL, AND SUCCESSFUL CITIZENS IN THE COMPETITIVE WORLD. KIPP DC WILL RAISE EXPECTATIONS OF PUBLIC EDUCATION IN UNDERSERVED COMMUNITIES BY CULTIVATING HIGH-PERFORMING EDUCATIONAL LEADERS AND BY SERVING AS A MODEL OF EXCELLENCE. 0 0 29754721 364865 28895346 KIPP DC IS A NETWORK OF HIGH-PERFORMING, PUBLIC, COLLEGE-PREPARATORY CHARTER SCHOOLS IN WASHINGTON, D.C., WHICH SERVES THE CITY'S UNDER-RESOURCED COMMUNITIES. AT KIPP DC, THERE ARE NO SHORTCUTS. OUTSTANDING EDUCATORS, MORE TIME IN SCHOOL, A RIGOROUS COLLEGE-PREPARATORY CURRICULUM, AND A STRONG CULTURE OF ACHIEVEMENT AND SUPPORT HELP OUR STUDENTS MAKE SIGNIFICANT ACADEMIC GAINS AND CONTINUE TO EXCEL IN HIGH SCHOOL AND COLLEGE.KIPP DC STUDENTS ARE SOME OF THE HARDEST WORKING YOUNG PEOPLE IN D.C., SPENDING 35% MORE TIME IN SCHOOL THAN TRADITIONAL STUDENTS WITH AN EXTENDED SCHOOL DAY, WEEK, AND YEAR. OUR STUDENTS ENGAGE IN EIGHT HOURS OF INSTRUCTION PER DAY, INCLUDING 10 HOURS OF MATH AND READING AND AN HOUR OF WRITING DAILY. STUDENTS ALSO STUDY SCIENCE, SOCIAL STUDIES, ORCHESTRA, FOREIGN LANGUAGE, COMPUTERS, P.E., AND CHARACTER EDUCATION. ENRICHMENT OPPORTUNITIES DURING THE MANDATORY, HALF-DAY SATURDAY SCHOOL INCLUDE BALLET, AFRICAN DANCE, DRAMA, VISUAL ART, MUSIC, CONCERT ORCHESTRA, DRUM LINE, CHESS, ROBOTICS, PUBLISHING, FLAG FOOTBALL, AND LACROSSE. WITH AN ATTENDANCE RATE OF 96% AND THE ADDITIONAL CLASSROOM TIME WE PROVIDE, STUDENTS HAVE THE RESOURCES THEY NEED TO EXCEL.FOR THE LAST DECADE, STUDENTS AT KIPP DC MIDDLE SCHOOLS HAVE BEEN AMONG THE HIGHEST PERFORMING IN THE DISTRICT, OFTEN EARNING THE TOP SPOT IN PROFICIENCY IN MATH AND READING. THE 2011 DC CAS RESULTS DEMONSTRATE THE HIGH EXPECTATIONS SET AND HELD AT KEY, AIM AND WILL ACADEMIES, WITH 82% OF 8TH GRADE STUDENTS SCORING PROFICIENT OR ADVANCED IN READING AND 97% SCORING PROFICIENT OR ADVANCED IN MATH. ADDITIONALLY, ACCORDING TO THE 2011 DC CAS, KIPP DC'S HIGH SCHOOL, KIPP DC: COLLEGE PREPARATORY, IS THE HIGHEST-PERFORMING, OPEN-ENROLLMENT HIGH SCHOOL IN THE DISTRICT OF COLUMBIA, WITH STUDENTS OUTPERFORMING STUDENTS AT TOP HIGH SCHOOLS IN THE MORE AFFLUENT WARDS OF THE CITY.TO BEST SUPPORT STUDENTS IN HIGH SCHOOL AND COLLEGE, KIPP DC CREATED THE KIPP THROUGH COLLEGE PROGRAM (KTC). THE KTC PROGRAM IS STRUCTURED TO ENSURE THAT ALL KIPP DC ALUMNI HAVE THE TOOLS AND SUPPORT NEEDED TO ATTAIN A COLLEGE DEGREE AND SUCCEED IN THE COMPETITIVE WORKFORCE. THE KTC TEAM WORKS WITH ALUMNI FROM 8TH GRADE THROUGH TO THEIR SENIOR YEAR OF COLLEGE TO ENSURE THAT THEY STAY ON THE PATH TO GRADUATION AND A LIFE FILLED WITH CHOICE AND OPPORTUNITY. PERHAPS THE MOST IMPORTANT INDICATORS OF KIPP DC'S IMPACT ARE THE RATES AT WHICH ITS ALUMNI ARE GRADUATING FROM HIGH SCHOOL AND MATRICULATING TO COLLEGE. IN A CITY WHERE LESS THAN HALF OF STUDENTS GRADUATE FROM HIGH SCHOOL AND LESS THAN 10% EARN A COLLEGE DEGREE, 97% OF KIPP DC ALUMNI GRADUATE FROM HIGH SCHOOL AND NEARLY 80% MATRICULATE TO COLLEGE WITHIN 18 MONTHS OF GRADUATION. KIPP DC'S FIRST COHORT OF STUDENTS WILL GRADUATE FROM COLLEGE IN 2013 AND SET A NEW STANDARD FOR SUCCESS IN THE DISTRICT OF COLUMBIA. KIPP DC KNOWS THAT TEACHER QUALITY IS A KEY FACTOR WHEN IT COMES TO PROVIDING AN EXCEPTIONAL EDUCATION TO STUDENTS OF ALL BACKGROUNDS. TO ADDRESS THIS CRITICAL NEED, KIPP DC FOUNDED THE CAPITAL TEACHING RESIDENCY (CTR) IN PARTNERSHIP WITH E.L. HAYNES PUBLIC CHARTER SCHOOL. CTR IS A YEAR-LONG TEACHER TRAINING RESIDENCY DESIGNED TO INCREASE THE NUMBER OF HIGHLY EFFECTIVE TEACHERS IN THE DISTRICT OF COLUMBIA. JUST AS MEDICAL RESIDENTS TRAIN WITH EXPERIENCED DOCTORS IN TEACHING HOSPITALS, CTR RESIDENTS TRAIN AND LEARN ALONGSIDE AN EXCELLENT TEACHER WORKING WITHIN A HIGH-PERFORMING CHARTER SCHOOL. THE PROGRAM IS HIGHLY SELECTIVE TO ENSURE THAT THE CANDIDATES WITH THE GREATEST POTENTIAL OF SUCCESS ARE CHOSEN AND ALL RESIDENTS COMMIT TO TEACHING IN D.C. FOR A MINIMUM OF TWO YEARS AFTER COMPLETING THE PROGRAM. 29754721 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 1 75 0 1 314 1 0 0 0 0 0 1 1 0 0 0 0 X 14 12 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X JANE HOFFMAN 2022234505 1003 K STREET NW SUITE 700 WASHINGTON DC 20001 TERENCE GOLDEN 3.00 X X 0 0 0 JOHN DUFF 2.00 X X 0 0 0 DAVID BRADLEY 1.00 X 0 0 0 SUZANNE CLARK 1.00 X 0 0 0 EARL GALLEHER 1.00 X 0 0 0 DON GRAHAM 1.00 X 0 0 0 CHARLENE DREW JARVIS 1.00 X 0 0 0 PATRICIA PRESCOTT 1.00 X 0 0 0 CHRIS SMITH 1.00 X 0 0 0 STUART SOLOMON 1.00 X 0 0 0 VANESSA VEDDER 1.00 X 0 0 0 JULIE MIKUTA 1.00 X 0 0 0 HEIMY SALGADO 50.00 X 79420 0 8480 SUSAN SCHAEFFLER 50.00 X X 179561 0 14712 ALLISON FANSLER 50.00 X 136759 0 12130 SARAH CAMPBELL 50.00 X 122707 0 11257 ALEXANDER SHAWE 50.00 X 117500 0 10885 JESSICA CUNNINGHAM 50.00 X 116750 0 10914 KHALA JOHNSON 50.00 X 116275 0 10871 LAURA BOWEN 50.00 X 114225 0 10748 983197 0 89997 12 0 1 0 TURNER CONSTRUCTION COMPANY 3865 WILSON BOULEVARD SUITE 300 ARLINGTON VA 22203 CONSTRUCTION 8147062 REVOLUTION FOODS 8383 CAPWELL DRIVE OAKLAND CA 94621 FOOD SERVICES 844309 HEAVENLY EDIBLES 11432 WESTMONT CT WALDORF MD 20602 FOOD SERVICES 599835 PMM COMPANIES 15938 DERWOOD RD ROCKVILLE MD 20855 BUILDING SERVICES 500128 FORRESTER CONSTRUCTION 12231 PARKLAWN DRIVE ROCKVILLE MD 208521723 CONSTRUCTION 152666 16 160260 12516405 4812481 199643 17489146 PUPIL ALLOCATION & FEE 900099 28895346 28895346 28895346 50712 50712 734006 734006 734006 734006 1165 1165 1165 1165 41235 160260 64442 -23207 -23207 STUDENT UNIFORM FEES 900099 69197 69197 OTHER INCOME 900099 59032 59032 STUDENT ACTIVITIES FEE 900099 58795 58795 58360 58360 245384 47392552 28895346 0 1008060 364865 364865 475160 338401 136759 15547361 13663824 1698059 185478 791715 691887 90663 9165 1042044 839099 191707 11238 1293181 1131649 146694 14838 11054 11054 210275 210275 102180 101730 450 37815 17071 368 20376 804742 624920 172669 7153 224589 224589 5399029 5202639 196390 12430 6029 5758 643 561232 399577 161245 410 360128 360128 1437836 1414516 23320 187502 1316 186186 DIRECT STUDENT EXPENSES 3599747 3599747 LICENSES, DUES & MEMBER 317778 253498 59306 4974 BANK & FINANCING FEES 297477 279548 17480 449 CHARTER BOARD ADMINISTR 143392 143392 AMORTIZATION 132904 132904 135838 65122 68695 2021 33490274 29754721 3478358 257195 3597796 14739044 14075538 17744402 1746625 2680953 870164 1727190 400479 1382094 47086415 3677870 38852595 43408545 7731154 2220755 2441322 69495106 84123550 671120 1525280 656656 732704 27815000 26050000 5417265 5418490 1462063 3134282 36022104 36860756 X 32129653 46277348 1343349 985446 33473002 47262794 69495106 84123550 X 13902278 -112486 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39736406 3415052 36321354 5800235 5800235 264110 104298 159812 1285664 158520 1127144 43408545 CAPITAL LEASE PAYABLE 1305956 REFUNDABLE ADVANCES 454651 DEFERRED RENT 1373675 3134282 47392552 33490274 13902278 -112486 -112486 13789792 47353775 -102054 -102054 47455829 -63277 -63277 47392552 33783826 293552 293552 33490274 0 33490274 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: KIPP DC IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE IRC AND IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION. KIPP DC IS EXEMPT FROM FEDERAL TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. KIPP DC DID NOT HAVE ANY NET UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2011 AND 2010. QALICB IS A DISTRICT OF COLUMBIA NON-STOCK, NON-PROFIT ORGANIZATION. QALICB IS FILING FOR TAX-EXEMPT STATUS UNDER SECTION 501(C)(2) OF THE IRC. KIPP DC FOLLOWS 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, KIPP DC 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. INTEREST AND PENALTIES ASSOCIATED WITH UNRECOGNIZED TAX BENEFITS ARE CLASSIFIED AS ADDITIONAL INCOME TAXES IN THE CONSOLIDATED STATEMENTS OF ACTIVITIES. KIPP DC FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. AS OF JUNE 30, 2011, THERE WERE NO MATERIAL UNRECOGNIZED/DERECOGNIZED TAX BENEFITS OR TAX PENALTIES OR INTEREST. GENERALLY, KIPP DC IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2008. PART XI, LINE 8 - OTHER ADJUSTMENTS: LOSS ON INTEREST RATE CAP AGREEMENT -112,486. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON INTEREST RATE CAP AGREEMENT -112,486. RELATED ENTITY ACTIVITIES REPORTED ON THE CONSOLIDATED FS 10,432. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES REPORTED ON LINE 8B -64,442. GAIN ON DISPOSAL OF FIXED ASSET REPORTED ON LINE 7C 1,165. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES REPORTED ON LINE 8B 64,442. GAIN ON DISPOSAL OF FIXED ASSET REPORTED ON LINE 7C -1,165. RELATED ENTITY ACTIVITIES REPORTED ON THE CONSOLIDATED FS 230,275. 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 ALL CHILDREN ARE TREATED THE SAME REGARDLESS OF ABILITY TO PAY. IN THE OPERATION OF CHILD NUTRITION PROGRAMS NO CHILD WILL BE DISCRIMINATED AGAINST BECAUSE OF RACE, COLOR, SEX, AGE, DISABILITY, OR NATIONAL ORIGIN. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 KIPP DC (FORMERLY KIPP DC/KEY ACADEMY) WAS ORGANIZED FOR THE PURPOSE OF OPERATING A PUBLIC CHARTER SCHOOL FOR EDUCATIONALLY UNDERSERVED CHILDREN RESIDING IN WASHINGTON, D.C. KIPP DC RECEIVES A STUDENT ALLOCATION FROM THE DISTRICT OF COLUMBIA TO COVER THE COST OF ACADEMIC AND FACILITIES EXPENSES. DINNER 201495 160260 41235 51055 13387 201495 160260 41235 51055 13387 64442 -23207 1 EL HAYNES 3600 GEOGIA AVE NW WASHINGTON DC 20010 200295905 501(C)(3) 197800 PAYMENTS TO SUPPORT A JOINT CAPITAL TEACHING RESIDENTS PROGRAMS. KIDS SMILES 3751 ISLAND AVE PHILADELPHIA PA 19153 300249717 501(C)(3) 167065 PURCHASE OF DENTAL EQUIPMENT FOR A CLINIC SERVING LOW INCOME DENTAL PATIENTS. 2 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: REVIEWED SUPPORTING DOCUMENTATION FOR EXPENDITURES, OBTAINED AND REVIEWED FINANCIAL STATEMENT AUDITS, COORDINATED PROGRAM ACTIVITIES WITH SUBGRANTEES, PERFORMED REGULAR SITE VISITS DURING THE GRANT PERIOD. X X 0 0 0 0 0 0 0 0 0 SUSAN SCHAEFFLER 179561 0 0 0 0 0 10818 0 4008 0 194387 0 0 0 DISTRICT OF COLUMBIA 536001131 2548392U6 2008-05-15 28225000 CONSTRUCTION OF SCHOOL BUILDING 0 0 0 28255000 28255000 981246 333979 253108 26656666 2009 0 0 1 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 1 1 M&T BANK 6.400000000000 0 0 0 0 0 X 2 199643 FMV 0 1 1 THIRD PARTY USE: PART I, LINE 32B: THE SCHOOL MAINTAINS AN ACCOUNT WITH A LICENSED SECURITIES DEALER. THE SALE OF DONATED SECURITIES IS CONDUCTED BY THE LICENSED SECURITY DEALER. FORM 990, PART I, LINE 6, ESTIMATED NUMBER OF VOLUNTEERS VOLUNTEERS SUPPORT KIPP DC THROUGH A WIDE RANGE OF PROJECTS INCLUDING TUTORING, MENTORSHIP, CAMPUS BEAUTIFICATION, AND THE CHAPERONING OF FIELD TRIPS. FORM 990, PART VI, SECTION A, LINE 7B THE DISTRICT OF COLUMBIA PUBLIC CHARTER SCHOOL BOARD (PCSB) IS KIPP DC'S CHARTERING AUTHORITY AND HAS A DUTY TO MONITOR THE ACADEMIC ACHIEVEMENTS AND FISCAL MANAGEMENT OF ALL DC PUBLIC CHARTER SCHOOLS. ALL CONTRACTS WITH A VALUE OF $25,000 OR MORE MUST BE APPROVED BY THE KIPP DC BOARD OF DIRECTORS AND CERTAIN OF THOSE CONTRACTS ARE REQUIRED TO BE SUBMITTED TO THE PCSB FOR ITS REVIEW. FORM 990, PART VI, SECTION B, LINE 11 KIPP DC'S FINANCE COMMITTEE, A COMMITTEE OF THE BOARD OF DIRECTORS, MEETS WITH MANAGEMENT AND THE FORM 990 INDEPENDENT PAID PREPARERS TO REVIEW THE FINAL DRAFT OF THE FORM 990. AFTER THIS REVIEW, THE FINAL DRAFT OF THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE KIPP DC BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C KIPP DC'S DIRECTORS COMPLETE AN ANNUAL STATEMENT AFFIRMING THAT THEY HAVE RECEIVED A COPY OF KIPP DC'S CONFLICTS OF INTEREST POLICY, HAVE READ AND UNDERSTOOD THE POLICY, AND AGREE TO COMPLY WITH THE POLICY. THEY ALSO DISCLOSE IN THE ANNUAL STATEMENT ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST THEY MAY HAVE. AFTER DISCLOSURE OF THE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST AND ALL MATERIAL FACTS, THE INTERESTED PERSON MUST LEAVE THE BOARD OF DIRECTORS MEETING. THE BOARD OF DIRECTORS THEN DECIDES IF A CONFLICT OF INTEREST EXISTS AND, IF SO, THE PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD CHAIR LEADS THE PROCESS FOR RECOMMENDING THE COMPENSATION LEVEL FOR THE CEO, AND THE FULL BOARD OF DIRECTORS APPROVES THE FINAL CEO COMPENSATION LEVEL. THE CHAIR CONSIDERS THE FOLLOWING FACTORS IN DEVELOPING THE RECOMMENDED CEO COMPENSATION: COMPARABLE DATA INCLUDING DATA FROM OTHER KIPP REGIONS AND AN ANALYSIS BY A NATIONAL CHARTER SCHOOL FUNDER ON CEO COMPENSATION RELATIVE TO GEOGRAPHY AS WELL AS NUMBER OF SCHOOLS; THE CHANGE IN SCALE AND SCOPE OF THE ORGANIZATION; THE ORGANIZATION'S PERFORMANCE AS WELL AS STUDENT PERFORMANCE; THE CEO'S PRIOR COMPENSATION; AND THE FINANCIAL ABILITY OF THE ORGANIZATION TO PAY THE RECOMMENDED COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: LOSS ON INTEREST RATE CAP AGREEMENT -112,486. TOTAL TO FORM 990, PART XI, LINE 5: -112,486. WOODROCK LLC 1003 K STREET NW STE 700 WASHINGTON DC 200014421 582684134 LEASE HOLDER DC N/A KIPP DC - DOUGLASS QALICB INC 1003 K STREET NW STE 700 WASHINGTON DC 200014421 264544894 CHARTER SCHOOL REAL ESTATE DC 501(C)(2) KIPP DC 1 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 KIPP DC - DOUGLASS QALICB INC D 23859486 COST KIPP DC - DOUGLASS QALICB INC J 2213915 COST KIPP DC - DOUGLASS QALICB INC P 1483768 COST