2011-03-14T11:39:47-05:00 2010-06-30 RSM MCGLADREY INC 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2009-07-01 742974642 KIPP DC KIPP 2022234505 1003 K Street NW No 700 WASHINGTON DC 200014421 SUSAN SCHAEFFLER 2022234505 2011-03-13 1 3012963600 2009 2016-02-24 21:20:13Z X SUSAN SCHAEFFLER 1003 K Street NW No 700 WASHINGTON DC 200014421 33473733 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 under-served in Washington, D.C. At KIPP DC, we believe that there are no shortcuts in life and that all students can learn regardless of difficult life circumstances. Rather than use socio-economic problems as excuses, we strive to prove what desire, discipline, and dedication can achieve in the face of such obstacles. By proactively working with students and supporting them in whatever capacity necessary, KIPP DC has proven it can help students, families, and communities overcome the barriers to success. KIPP DC makes a commitment to each student that he or she can and will go to college. KIPP DC students are prepared with the academic and character skills necessary to succeed in high school, college, and the competitive world beyond. 13 11 310 60 0 0 15202395 11712554 15474915 21145053 119642 -110646 409400 504862 31206352 33251823 4388 0 0 9658831 14147131 0 265732 7368499 10142680 17031718 24289811 14174634 8962012 63587129 69495106 44032848 36022104 19554281 33473002 KIPP DC's mission is to create and sustain the hightest quality school system for the communities most under-served in Washington, DC. 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 pubic education in under-served communities by cultivating high-performing educational leaders and by serving as a model of excellence. 0 0 20959207 21145053 KIPP DC students are the hardest working young people in D.C., spending 40% more time in school than traditional students with an extended school day, week, and year. Our students engage in 8 hours of instruction per day, including 1 1/2 hours of math and reading and an hour of writing daily. Students also study science, social studies, orchestra, foreign language, computers, physical education, and character education. With the additional classroom time we provide, students have the resources they need to excel. KIPP DC has posted some of the highest academic growth gains of any school in the country. When students begin at one of our middle schools, they are typically two to three grade levels behind and scoring well below the state average on the DC-CAS. By the end of the fifth grade, they are on par with the state average, and by the end of eighth grade our students are scoring among the highest of any students in city, even compared with students from the wealthiest schools. On the 2010 DC-CAS, more than 70% of our seventh and eighth grade students are scoring proficient or advanced in both reading and math. We are nearly doubling the percent scoring proficient or advanced in four years. Thus far, KIPP DC has made progress towards reaching our vision to create and sustain the highest quality school system for the communities most underserved in Washington, D.C, having promoted five classes of eighth graders. Each of these students was accepted into one of his or her top five high school choices, including Andover, Deerfield Academy, Georgetown Preparatory, St. Albans, Madeira, and Sidwell Friends. Today, more than 350 KIPP DC alumni attend 75 different high schools, and have earned nearly $4 million in high school and college scholarships. KIPP DC has seen its mission come full circle as 100% of the founding Class of 2009 graduated from high school in five years. Eighty percent matriculated to college including schools such as Rice University, Howard University, North Carolina A&T, and Drexel University. More than 91% have persisted to their second year of college. Additionally, KIPP DC formed the Capital Teaching Residency (CTR) program, a yearlong teacher training residency created to increase the number of well-trained, high-quality educators in low-income schools. Through a partnership between KIPP DC and other high-performing DC public charter schools, CTR trains and supports individuals to become highly effective teachers. 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 candidates with the greatest potential of success are chosen.Having just concluded its pilot year, CTR has shown initial success in teacher retention and provided evidence that its graduates are highly effective teachers, defined as teachers who make a year and half worth of student achievement gains in a single school calendar year. At this early stage in the program's history, the graduates have shown success closing the achievement gap. Of the graduates still teaching at KIPP DC, 100% are highly effective. From the year-end data available on teachers who are in their second full year as a lead teacher at KIPP DC schools (residency year 2007-2008), all have shown above-average (more than a year and half worth of growth) gains on standardized tests in their first year as the lead teacher. 20959207 1 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 1 46 0 1 310 1 0 0 0 0 0 1 1 0 0 0 13 11 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 Michael Hodge 1.00 X 0 0 0 Joanne Hunter 1.00 X 0 0 0 julie Mikuta 1.00 X 0 0 0 jacques Patterson 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 Heimy Salgado 50.00 X 71947 0 7957 Susan Schaeffler 50.00 X X 164000 0 13528 Allison Fansler 50.00 X 121356 0 10969 SARAH HAYES CAMPBELL 50.00 X 114636 0 10518 KHALA JOHNSON 50.00 X 110618 0 10360 JESSica cunningham 50.00 X 110368 0 10277 LAURA BOWEN 50.00 X 105955 0 9997 ALEANDER SHAWE 50.00 X 105500 0 9955 904380 0 83561 8 0 1 0 Turner Construction Company 3865 Wilson Boulevard Suite 300 Arlington VA 22203 Construction 13023681 Heavenly Edibles 11432 Westmont CT Waldorf MD 20602 food services 795435 MCKINSEY & COMPANY PO BOX 7247-7255 PHILADELPHIA PA 19170 CONSULTING 400000 Building Hope 910 17th Street NW Suite 1100 Washington DC 20006 Accounting & IT 363878 REVOLUTION FOODS 8383 CAPWELL DRIVE OAKLAND CA 94621 Food services 331081 15 181539 5697400 5833615 108121 11712554 PUPIL ALLOCATION and f 900099 21145053 21145053 21145053 61822 61822 459000 459000 459000 459000 172468 -172468 -172468 -172468 74090 181539 49442 24648 24648 OTHER income 900099 21214 21214 21214 33251823 21145053 0 394216 357303 235947 121356 11563441 10062588 1304898 195955 579582 500759 69550 9273 681434 599424 69728 12282 965371 742142 207553 15676 412651 1500 410901 250 5536 5536 184927 184927 135263 80000 55263 88043 7222 5599 75222 685294 533262 149613 2419 224935 186730 38205 2250657 2116190 134467 13164 2822 10323 19 545868 392024 153574 270 462381 462381 1457352 1386251 71101 176076 163993 12083 DIRECT STUDENT EXPENSES 2877012 2877012 Bank & Financing Fees 287577 275258 10152 2167 LICENSES, DUES & MEMBER 245273 192622 51010 1641 CHARTER BOARD ADMINISTR 106192 106192 OTHER 33921 29352 4569 -49442 -49442 24289811 20959207 3064872 265732 5023832 3597796 10374306 14075538 1993854 1746625 5036470 870164 418679 400479 41092625 2240030 39287843 38852595 7731154 1452145 2220755 63587129 69495106 8068356 671120 915755 656656 28225000 27815000 5525113 5417265 1298624 1462063 44032848 36022104 X 17396427 32129653 2157854 1343349 19554281 33473002 63587129 69495106 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 34865816 2086605 32779211 5800235 5800235 199514 39145 160369 227060 114280 112780 38852595 capital lease payable 1285654 refundable advances 34083 deferred rent 142326 1462063 33251823 24289811 8962012 5360956 -404247 4956709 13918721 33131362 -342371 -342371 33473733 -221910 -221910 33251823 24395976 106165 106165 24289811 0 24289811 Part X: Description of Uncertain Tax Positions Under FIN 48: 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% 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, 2010, there were no material unrecognized/derecognized tax benefits or tax penalties or interest. With few exceptions, KIPP DC is no longer subject to U.S. federal income tax examinations by tax authorities for years before 2007. Part XI, Line 8 - Other Adjustments: Loss on Interest Rate CAP Agreement: -404247. Part XII, Line 2d - Other Adjustments: Loss on Interest Rate CAP Agreement: -404247. Related entity activities reported on the consolidated FS: 61876. Part XII, Line 4b - Other Adjustments: special event expenses reported on line 9a: -49442. loss on disposal of fixed asset: -172468. Part XIII, Line 2d - Other Adjustments: special event expenses reported on line 9a: 49442. loss on disposal of fixed asset: 172468. Related entity activities reported on the consolidated FS: -115745. 1 1 1 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. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 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. 1 dinner 255629 181539 74090 49442 24783 255629 181539 74090 49442 24783 74225 -135 X X 0 0 0 0 0 0 0 0 0 Susan Schaeffler 163500 0 500 0 0 0 9888 0 3640 0 177528 0 0 0 District of Columbia 536001131 2548392U6 2008-05-15 28225000 Construction of School Building 0 0 28225000 1956472 459741 587088 25221699 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 X 1 100121 COST BASIS OF THE STOCK X computers 1 8000 0 0 0 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 submitted for review by the PCSB. 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 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 makies its governing documents, conflict of interest policy, and financial statements available upon request. SCHEDULE K, PART II, LINE 5 BREAKOUT OF BOND ISSUANCE COSTS AND CREDIT ENHANCEMENT COSTS TOTAL BOND ISSUANCE COST $333,979.34 TOTAL CREDIT ENHANCEMENT COSTS $253,108.33 TOTAL TO SCHEDULE K, PART II, LINE 5 $587,087.67 FORM 990, PAGE 1, LINE 6 Types of benefits or services provided by the organization's volunteers Each year, KIPP DC engages individuals, university-based and corporate groups to carry out facilities improvements at its three campuses, speak at career days, assist teachers in the classroom and perform other duties as needed. woodrock llc 1003 K Street NW ste 700 washington DC 20006 582684134 LEASE HOLDER DC N/A KIPP DC - Douglass QALICB Inc 1003 K Street NW ste 700 washington DC 20006 264544894 Charter School Real Estate DC 501(c)(2) N/A 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 KIPP DC - Douglass QALICB Inc J 462817