2024-05-01T07:55:28-05:00 2023-06-30 202153727 SB & COMPANY LLC 10200 GRAND CENTRAL AVE SUITE 250 OWINGS MILLS MD 21117 990 2022-07-01 272713037 RICHARD WRIGHT PUBLIC CHARTER SCHOOL FOR JOURNALISM AND MEDIA ART RICH 2023881011 475 SCHOOL STREET SW WASHINGTON DC 20024 DR MARCO CLARK HEAD OF SCHOOL 2023881011 2024-04-23 1 DR MARCO CLARK XXX-XX-XXXX 0 MONIQUE BOOKER P00644231 4105840060 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR MARCO CLARK 475 SCHOOL STREET SW WASHINGTON DC 20024 10293896 0 X WWW.RICHARDWRIGHTPCS.ORG X 2010 DC THE MISSION OF RICHARD WRIGHT PUBLIC CHARTER SCHOOL FOR JOURNALISM AND MEDIA ARTS IS TO TRANSFORM STUDENTS IN GRADES 8-12 INTO WELL-VERSED MEDIAL CONTRIBUTORS BY PROVIDING A STUDENT-CENTERED ENVIRONMENT THAT CONNECTS THEM TO THE CLASSIC AND MODERN LANGUAGES AND A CURRICULUM FOCUSED ON STRONG WRITING SKILLS AND VOCABULARY. 15 14 69 0 0 0 1533007 2167293 7067481 7638426 417455 0 19820 488177 9037763 10293896 0 0 0 0 4541850 4523442 0 0 103509 4795082 5452958 9336932 9976400 -299169 317496 15874690 23962016 13739165 21508995 2135525 2453021 X THE MISSION OF RICHARD WRIGHT PUBLIC CHARTER SCHOOL FOR JOURNALISM AND MEDIA ARTS IS TO TRANSFORM STUDENTS IN GRADES 8-12 INTO WELL-VERSED MEDIAL CONTRIBUTORS BY PROVIDING A STUDENT-CENTERED ENVIRONMENT THAT CONNECTS THEM TO THE CLASSIC AND MODERN LANGUAGES AND A CURRICULUM FOCUSED ON STRONG WRITING SKILLS AND VOCABULARY. 0 0 8711365 7638426 NAMED AFTER PROMINENT AFRICAN AMERICAN NOVELIST, RICHARD WRIGHT, THE CHARTER SCHOOL WILL EMPHASIZE THE DEVELOPMENT OF STUDENTS' SKILLS IN COMMUNICATION AND EXPRESSION, WHILE PROVIDING A COMPREHENSIVE EDUCATION THAT PREPARES STUDENTS FOR COLLEGE AND CAREER. THE CHARTER SCHOOL HAS ADOPTED THE BOSTON LATIN SCHOOL FRAMEWORK FOR GRADES 8-12 AND ALIGNED THE CURRICULUM TO DCPS LEARNING STANDARDS, WHERE APPLICABLE. THE BOSTON LATIN MODEL HAS PROVEN TO BE SUCCESSFUL FOR WELL OVER 300 YEARS. THE CHARTER SCHOOL WILL REVIEW ITS CURRICULUM ANNUALLY TO ENSURE ADHERENCE TO STATE AND FEDERAL ACADEMIC GOALS AND TO INCORPORATE BEST PRACTICES FROM EDUCATION RESEARCH.PHILOSOPHY: THE CHARTER SCHOOL WILL CONNECT OUR STUDENTS WITH THE CULTURE OF THE CLASSIC AND MODERN LANGUAGES, WHILE ENHANCING THEIR EDUCATION THROUGH AN EXPLORATION OF JOURNALISM AND MEDIA ARTS. THE CHARTER SCHOOL BELIEVES IN THE FOLLOWING CORE VALUES, WHICH WILL BE INSTILLED BY THE ADMINISTRATION AND STAFF AND DEMONSTRATED BY STUDENTS ON A DAILY BASIS: O SELF-DISCIPLINE O ACADEMIC RIGOR O MORAL CONVICTION O SELF-RESPECT O POSITIVE ENERGY. 8711365 1 1 0 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 1 69 1 0 0 0 0 0 0 0 0 0 0 X 15 14 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 DC X DR MARCO CLARK 2023881011 475 SCHOOL STREET SW WASHINGTON DC 20024 DERWIN ROSS CHAIRMAN 0.50 X X 0 0 0 WAYNE ELEY VICE CHAIR/TREASURER 0.50 X X 0 0 0 ESSIE CHARLES PARENT OUTREACH 0.50 X 0 0 0 KYSHIA BISCOE PARENT/SECRETARY 0.50 X X 0 0 0 GREGORY K ADAMS SR TRUSTEE 0.50 X 0 0 0 JELANI JAMES ESQ TRUSTEE 0.50 X 0 0 0 LEAONARD UPSON TRUSTEE 0.50 X 0 0 0 MARCIA L DYSON TRUSTEE 0.50 X 0 0 0 MICHAEL L DYSON TRUSTEE 0.50 X 0 0 0 OBI HOLLY TRUSTEE 0.50 X 0 0 0 CARLA HOLLY TRUSTEE 0.50 X 0 0 0 PERCY MASTER P MILLER TRUSTEE 0.50 X 0 0 0 REV MELVIN MILTON MAXWELL TRUSTEE 0.50 X 0 0 0 TROY PRIEST ESQ TRUSTEE 0.50 X 0 0 0 CHRIS FRATTA TRUSTEE 0.50 X 0 0 0 DR MARCO CLARK HEAD OF SCHOOL 50.00 X 210000 0 0 ALISHA ROBERTS-FUNDERBURK CHIEF OF OPERATIONS 50.00 X 190000 0 0 400000 0 0 2 0 1 0 TELLURIUM LLC 1627 K STREET NW SUITE 270 WASHINGTON DC 20006 RENT 1029286 CITY FIRST 1432 U STREET NW WASHINGTON DC 20009 LOAN INTEREST 491249 BUILDING AQUISITION 117 EAGLE HEAD DRIVE FORT WASHINGTON MD 20744 COVID CLEANING SERVICES 276750 DC TREASURER OFFICE OF TAX AND REVENUE PO BOX 98095 WASHINGTON DC 20090 PROPERTY TAXES 241110 EDOPS 3811 W STREET NW WASHINGTON DC 20007 ACCOUNTING/HR SUPPORT 139435 5 2024801 142492 2167293 PER PUPIL ALLOCATIONS 900099 7638426 7638426 7638426 451028 0 451028 451028 451028 STUDENT ACTIVITY FEES AND OTHER R 900099 37149 37149 37149 10293896 7638426 0 488177 400000 361959 32961 5080 3397182 3068230 284425 44527 427167 385881 35705 5581 299093 270186 25000 3907 318363 116744 201619 81559 74971 5960 628 146243 134431 10687 1125 1903717 1749951 139120 14646 60454 55334 5120 2400 2197 203 508224 467176 37139 3909 1004168 923062 73382 7724 106872 98240 7810 822 DIRECT STUDENT COSTS 868452 868452 LICENSES, FEES, AND FIN 296994 296994 OTHER STAFF SALARIES AN 82176 66616 15560 AUTHORIZER FEES 73336 67935 5401 9976400 8711365 1161526 103509 4262911 4284580 680105 1542122 366806 408038 10779 21696 12807445 3377530 10263206 9429915 290883 8275665 15874690 23962016 658292 610383 92843 0 12160694 12031057 827336 8867555 13739165 21508995 X 2135525 2453021 2135525 2453021 15874690 23962016 317496 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11606957 2303864 9303093 351954 252281 99673 848534 821385 27149 9429915 DEPOSITS AND OTHER ASSETS 270715 RIGHT OF USE ASSETS - FINANCING 88342 RIGHT OF USE ASSETS - OPERATING 7916608 8275665 LEASE LIABILITY - FINANCING 96315 LEASE LIABILITY - OPERATING 8721240 DEPOSIT LIABILITIES 50000 8867555 X 10293896 0 10293896 0 10293896 9976400 0 9976400 0 9976400 PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE DISTRICT OF COLUMBIA INCOME TAX LAWS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE SCHOOL PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2023 AND 2022, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MAY HAVE ANY EFFECT ON ITS TAX- EXEMPT STATUS. AS OF JUNE 30, 2023, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2020 THROUGH 2023, REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE SCHOOL FILES TAX RETURNS. IT IS THE SCHOOL'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL IS A PUBLIC CHARTER SCHOOL AND IS OPERATING UNDER A CONTRACT WITH THE DC GOVERNMENT. REVENUE PROCEDURE 75-50 DOES NOT APPLY TO CHARTER SCHOOLS. THE NON-DISCRIMINATORY POLICY IS STATED IN THE REGISTRATION APPLICATION AND ON OUR WEBSITE. SCHEDULE E, PART I, LINE 6 THE CHARTER SCHOOL RECEIVES PUBLIC FUNDS FROM THE DC GOVERNMENT BASED ON THE NUMBER OF STUDENTS THEY ENROLL, ACCORDING TO THE UNIFORM PER STUDENT FUNDING FORMULA DEVELOPED BY THE MAYOR AND CITY COUNCIL. THIS PER PUPIL ALLOCATION IS SUPPLEMENTED WITH EXTRA FUNDS FOR STUDENTS WITH SPECIAL NEEDS. SCHEDULE E, PART I, LINE 7 THE SCHOOL IS A PUBLIC CHARTER SCHOOL AND IS OPERATING UNDER CONTRACT WITH THE DC GOVERNMENT. REV. PROC 75-50 DOES NOT APPLY. X X 0 0 0 0 0 0 0 0 0 DR MARCO CLARK HEAD OF SCHOOL 210000 0 0 0 0 0 0 0 0 0 210000 0 0 0 ALISHA ROBERTS-FUNDERBURK CHIEF OF OPERATIONS 190000 0 0 0 0 0 0 0 0 0 190000 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES OBI HOLLY AND CARLA HOLLY ARE MARRIED. AS WELL AS TRUSTEES MARCIA L. DYSON AND MICHAEL ERIC DYSON. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF FORM 990 IS PREPARED AND DISTRIBUTED TO TOP MANAGEMENT, THE CONTRACTED ACCOUNTANT, AND THE BOARD CHAIR. A LIST OF ANY QUESTIONS OR CONCERNS IS REVIEWED WITH THE PREPARER OF THE RETURN, AND ANY NECESSARY CHANGES ARE MADE TO THE RETURN PRIOR TO FILING THE FINAL ONCE THE FINAL VERSION IS COMPLETED, A COPY IS DISTRIBUTED TO ALL BOARD MEMBERS FOR THEIR RECORDS, AND A SIGNED COPY IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE REVIEWS MARKET COMPARABLES FOR THE HEAD OF SCHOOL AND TOP MANAGEMENT POSITIONS AND DEVELOPS COMPENSATION AMOUNTS BASED ON THESE COMPARABLES. THE EXECUTIVE COMMITTEE CONDUCTS THIS PROCESS ON AN ANNUAL BASIS AND APPROVES SALARY AMOUNTS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990 PART XII, LINE 2C THE BOARD ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT AND THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.