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D C PREPARATORY ACADEMY: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
D C PREPARATORY ACADEMY (EIN 02-0550253)
Tax period
2021-07-01 to 2022-06-30
Filed
2023-05-15
IRS object ID
202321359349310477
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-05-15T14:49:14-05:00ReturnTs
Tax Period End2022-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN111986323PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MARCUM LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11899 L STREET NW SUITE 850AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20036ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN020550253EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DC PREPARATORY ACADEMYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlDCPRBusinessNameControlTxt
Phone2026354590PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1707 EDGEWOOD STREET NEAddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20017ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLAURA MAESTASPersonNm
Person TitleCHIEF EXECUTIVE OFFICERPersonTitleTxt
Phone2026354590PhoneNum
Signature2023-05-12SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstLAURAPersonFirstNm
Person LastMAESTASPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonFRANK H SMITHPreparerPersonNm
PTINP00639053PTIN
Phone2022274000PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerLAURA MAESTASPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1707 EDGEWOOD STREET NEAddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20017ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$91,716,858GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.DCPREP.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2001FormationYr
Legal Domicile StateDCLegalDomicileStateCd
Activity Or MissionDC PREP IS A NETWORK OF PUBLIC CHARTER SCHOOLS SERVING STUDENTS IN WASHINGTON, DC.ActivityOrMissionDesc
Voting Members Governing Body14VotingMembersGoverningBodyCnt
Voting Members Independent14VotingMembersIndependentCnt
Total Employee442TotalEmployeeCnt
Total Volunteers85TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$47,794,694PYContributionsGrantsAmt
CY Contributions Grants$52,281,061CYContributionsGrantsAmt
PY Program Service Revenue$652,291PYProgramServiceRevenueAmt
CY Program Service Revenue$1,713,360CYProgramServiceRevenueAmt
PY Investment Income$16,381PYInvestmentIncomeAmt
CY Investment Income$8,270,970CYInvestmentIncomeAmt
PY Other Revenue$47,503PYOtherRevenueAmt
CY Other Revenue$59,284CYOtherRevenueAmt
PY Total Revenue$48,510,869PYTotalRevenueAmt
CY Total Revenue$62,324,675CYTotalRevenueAmt
PY Grants And Similar Paid$392,265PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$400,484CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$29,479,483PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$33,941,716CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$429,034CYTotalFundraisingExpenseAmt
PY Other Expenses$12,904,303PYOtherExpensesAmt
CY Other Expenses$18,944,123CYOtherExpensesAmt
PY Total Expenses$42,776,051PYTotalExpensesAmt
CY Total Expenses$53,286,323CYTotalExpensesAmt
PY Revenues Less Expenses$5,734,818PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$9,038,352CYRevenuesLessExpensesAmt
Total Assets BOY$90,604,234TotalAssetsBOYAmt
Total Assets EOY$111,305,629TotalAssetsEOYAmt
Total Liabilities BOY$64,821,796TotalLiabilitiesBOYAmt
Total Liabilities EOY$72,029,070TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$25,782,438NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$39,276,559NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionDC PREP'S MISSION IS TO BRIDGE THE EDUCATIONAL DIVIDE IN WASHINGTON, DC BY INCREASING THE NUMBER OF STUDENTS FROM UNDERSERVED COMMUNITIES WITH THE ACADEMIC PREPARATION AND PERSONAL CHARACTER TO SUCCEED IN COMPETITIVE HIGH SCHOOLS AND COLLEGES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$44,911,257ExpenseAmt
Grant$400,484GrantAmt
Revenue$583,531RevenueAmt
DescAT DC PREP, OUR VISION IS THAT EVERY CHILD WILL BE PREPARED ACADEMICALLY AND SOCIALLY FOR A SUCCESSFUL FUTURE. WE HAVE BIG DREAMS FOR OUR STUDENTS AND MAKE THOSE DREAMS A REALITY THROUGH DAILY EFFORT, FOCUS AND SUPPORT OF ONE ANOTHER AND OUR STUDENTS AND FAMILIES. DC PREP CURRENTLY OPERATES SIX TUITION-FREE PUBLIC CHARTER SCHOOLS THAT ARE OPEN TO ANY CHILD IN WASHINGTON, ENROLLING MORE THAN 2,100 STUDENTS IN GRADES PRESCHOOL THROUGH 8TH GRADE. HISTORICALLY, 89% OF DC PREP STUDENTS ARE AFRICAN-AMERICAN AND 7% ARE HISPANIC; OVER 80% OF STUDENTS LIVE IN POVERTY, AS MEASURED BY ELIGIBILITY FOR FREE/REDUCED PRICE MEALS.DC PREP HAS A TWIN FOCUS ON HIGH QUALITY ACADEMICS AND SOCIAL-EMOTIONAL GROWTH. DURING OUR 20 YEARS AS A CHARTER NETWORK, WE HAVE ACHIEVED SIGNIFICANT RESULTS ACROSS THREE KEY AREAS: QUALITY REPORTS, OSSE REPORT CARDS, AND ALUMNI SUCCESS. EACH YEAR, THE DC PUBLIC CHARTER SCHOOL BOARD ISSUES AN OVERALL RANKING OF SCHOOLS' ACADEMIC AND CULTURE PROGRESS, RANKING EACH SCHOOL BETWEEN TIER 1 (THE HIGHEST) AND TIER 3 (THE LOWEST). ALL FIVE DC PREP CAMPUSES EARNED A TIER 1 RANKING ON THE 2019 SCHOOL QUALITY REPORTS, THE HIGHEST RANKING. ADDITIONALLY, AEC RECEIVED ONE OF THE HIGHEST SCORES IN THE CITY. THE DC OFFICE OF THE STATE SUPERINTENDENT OF EDUCATION RELEASES AN ANNUAL ASSESSMENT OF SCHOOL PERFORMANCE. THIS SERVES AS A COMPREHENSIVE OVERVIEW OF HOW SCHOOLS ARE PREPARING STUDENTS FOR OVERALL SUCCESS. IN ITS INAUGURAL YEAR, OSSE AWARDED ALL ELIGIBLE DC PREP CAMPUSES FOUR STARS. ALL DC PUBLIC CHARTER SCHOOLS MUST UNDERGO THE ACCREDITATION PROCESS EVERY FIVE YEARS TO REMAIN ELIGIBLE FOR OPERATION IN THE CITY. THE ACCREDITATION PROCESS IS CONDUCTED BY AN INDEPENDENT THIRD-PARTY ACCREDITATION ORGANIZATION TO EVALUATE AN LEA'S PERFORMANCE AGAINST A NUMBER OF PERFORMANCE STANDARDS EVALUATING LEADERSHIP, LEARNING, AND RESOURCE CAPACITY. IN ITS MOST RECENT ACCREDITATION REVIEW BY COGNIA, DC PREP EARNED AN INDEX OF EDUCATION QUALITY (IEQ) SCORE OF 387 OUT OF A POSSIBLE 400 POINTS. THE FIVE-YEAR AVERAGE OF INSTITUTIONS IN COGNIA'S ACCREDITATION NETWORK IS 278-283.DC PREP IS COMMITTED TO THE SUCCESS OF OUR ALUMNI IN HIGH SCHOOL AND THROUGH COLLEGE AND CAREER. OUR GOAL IS FOR ALL OF OUR STUDENTS TO MOVE TO AND THROUGH A STRONG POST-SECONDARY PATHWAY AND INTO AN INTEREST-ALIGNED CAREER THAT ALLOWS FOR ECONOMIC SELF-SUFFICIENCY. PREPNEXT SUPPORTS ALL DC PREP ALUMNI FOR 10 YEARS AFTER 8TH-GRADE GRADUATION THROUGHOUT THEIR EDUCATIONAL JOURNEYS AND THE START OF THEIR CAREERS, FOCUSING ESPECIALLY ON TIMES OF TRANSITION: 8TH TO 9TH GRADE, HIGH SCHOOL TO HIGHER EDUCATION, AND SCHOOL TO CAREER. EVERY DC PREP 8TH GRADE GRADUATE (600+) HAS BEEN ACCEPTED BY A COLLEGE-PREP HIGH SCHOOL, WITH OVER TWO-THIRDS OFFERED ADMISSION TO SELECTIVE SCHOOLS INCLUDING BENJAMIN BANNEKER, CHOATE ROSEMARY HALL, THE FIELD SCHOOL, GEORGETOWN PREP, THE HILL SCHOOL, MARET, PHILLIPS EXETER ACADEMY, ST. ALBANS, SIDWELL FRIENDS SCHOOL, AND SCHOOL WITHOUT WALLS, AMONG OTHERS. OUR STUDENTS HAVE GONE ON TO GRADUATE FROM HIGH SCHOOL AT AN AVERAGE RATE OF 95%, SIGNIFICANTLY HIGHER THAN THE DCPS AVERAGE OF 74% AND THE NATIONAL AVERAGE OF 84%. IN ADDITION, OF OUR ALUMNI WHO MATRICULATED TO COLLEGE, 42% SINCE 2007 AND 65% OF THE COLLEGE MATRICULANTS FROM OUR MOST RECENT CLASS HAVE GRADUATED COLLEGE WITHIN 6 YEARS, COMPARED TO 55% NATIONWIDE AND 11% FOR FIRST-GENERATION, LOW-INCOME STUDENTS OF COLOR. BASED ON CURRENT COLLEGE MATRICULATION & COLLEGE PERSISTENCE RATES, WE ANTICIPATE THAT OUR ALUMNI'S COLLEGE GRADUATION RATE WILL CONTINUE TO INCREASE IN THE NEXT FEW YEARS.Desc
Total Program Service Expenses$44,911,257TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document121IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee442EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members14GoverningBodyVotingMembersCnt
Independent Voting Member14IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DANIEL ENGLENDERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2026354590PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1707 EDGEWOOD STREET NEAddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20017ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
PATRICK CLOWNEY
CHAIR5.00Yes (X)Yes (X)$0$0$0
HADLEY COOPER
SECRETARY1.00Yes (X)Yes (X)$0$0$0
JENNY ABRAMSON
DIRECTOR1.00Yes (X)$0$0$0
COLLETTE BRUCE
DIRECTOR1.00Yes (X)$0$0$0
NICOLE DAVY
DIRECTOR - UNTIL 09/20221.00Yes (X)$0$0$0
LEROY TERRY EAKIN III
DIRECTOR1.00Yes (X)$0$0$01.00
MICHELA ENGLISH
DIRECTOR5.00Yes (X)$0$0$0
AHMAD HAJJ
DIRECTOR1.00Yes (X)$0$0$01.00
MERCEDES KEARNEY
DIRECTOR1.00Yes (X)$0$0$0
JUDY LANSING KOVLER
DIRECTOR - UNTIL 09/20221.00Yes (X)$0$0$0
EMILY K LAWSON
DIRECTOR1.00Yes (X)$0$0$0
MAURA MARINO
DIRECTOR - UNTIL 09/20221.00Yes (X)$0$0$0
STERLING THOMAS
DIRECTOR1.00Yes (X)$0$0$0
LISA CULLINS
DIRECTOR1.00Yes (X)$0$0$0
PAM STEPTOE
DIRECTOR1.00Yes (X)$0$0$0
DANIEL FINE
DIRECTOR1.00Yes (X)$0$0$0
CHEVALIER CLEAVES
DIRECTOR1.00Yes (X)$0$0$0
LAURA MAESTAS
CHIEF EXECUTIVE OFFICER40.00Yes (X)$214,105$0$11,9722.00
DANIEL ENGLENDER CHIEF OPER
OFFICER/CFO/TREASURER40.00Yes (X)$189,886$0$17,4872.00
KATIE SEVERN
PRESIDENT AND ACADEMIC OFFICER40.00$246,023$0$21,445Yes (X)
TARA O'FLAHERTY
SENIOR DIRECTOR OF SCHOOLS40.00$164,379$0$16,340Yes (X)
NEILS RIBEIRO-YEMOFIO
CHIEF OF EXTERNAL AFFAIRS40.00$155,541$0$15,765Yes (X)
MAURA ENGLENDER
SENIOR DIRECTOR OF STUDENT SUPPORT40.00$154,031$0$14,748Yes (X)
NEEMA DESAI
PRINCIPAL40.00$136,278$0$14,784Yes (X)
RACHEL MCCLAM
PRINCIPAL40.00$134,821$0$14,037Yes (X)
EMILY JOHANNSEN
SENIOR DIRECTOR OF OPERATIONS40.00$134,483$0$14,286Yes (X)
CASSIE PERGAMENT
SENIOR DIRECTOR OF PROGRAM40.00$129,781$0$7,596Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,659,328TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$148,460TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K29IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
MCN BUILD
1214 28TH STREET NWWASHINGTONDC20007CONSTRUCTION SERVICES$1,048,173
END-TO-END SOLUTIONS FOR SPECIAL EDUCATI
714 G STREET SE SUITE 201WASHINGTONDC20003SPECIAL EDUCATION SERVICES$784,082
PMM COMPANIES
15938 DERWOOD POADROCKVILLEMD20855JANITORIAL AND FACILITY MGMT SERVICES$617,788
EDOPS
1611 CONNECTICUT AVE NW 200WASHINGTONDC20009ACCOUNTING, FACILITY SUPPORT SERVICES$473,503
REVOLUTION FOODS
PO BOX 742759LOS ANGELESCA90074FOOD SERVICES$456,770
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K16CntrctRcvdGreaterThan100KCnt
Government Grants$50,941,913GovernmentGrantsAmt
All Other Contributions$1,339,148AllOtherContributionsAmt
Noncash Contributions$304,796NoncashContributionsAmt
Total Contributions$52,281,061TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
CAFETERIA REVENUE900099$1,191,499$1,191,499
MEDICAID PROGRAM900099$401,458$401,458
E-RATE PROGRAM900099$120,403$120,403
FieldValueIRS element (for citing)
Total Program Service Revenue$1,713,360TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$29,398TotalRevenueColumnAmt
Exclusion$29,398ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$37,633,755SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$29,392,183SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$8,241,572SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,241,572TotalRevenueColumnAmt
Exclusion$8,241,572ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUSDesc
Business900099BusinessCd
Total Revenue Column$59,284TotalRevenueColumnAmt
Exclusion$59,284ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$59,284OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$62,324,675TotalRevenueColumnAmt
Related Or Exempt Func Income$1,713,360RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$8,330,254ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$375,000TotalAmt
Program Services$375,000ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$25,484TotalAmt
Program Services$25,484ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,117,506TotalAmt
Program Services$309,893ProgramServicesAmt
Management And General$747,349ManagementAndGeneralAmt
Fundraising$60,264FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$27,594,738TotalAmt
Program Services$23,770,000ProgramServicesAmt
Management And General$3,733,067ManagementAndGeneralAmt
Fundraising$91,671FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$657,412TotalAmt
Program Services$564,302ProgramServicesAmt
Management And General$91,118ManagementAndGeneralAmt
Fundraising$1,992FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$2,233,295TotalAmt
Program Services$1,958,249ProgramServicesAmt
Management And General$268,639ManagementAndGeneralAmt
Fundraising$6,407FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$2,338,765TotalAmt
Program Services$1,970,580ProgramServicesAmt
Management And General$356,466ManagementAndGeneralAmt
Fundraising$11,719FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$309,389TotalAmt
Program Services$248,889ProgramServicesAmt
Management And General$60,500ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$678,751TotalAmt
Management And General$678,751ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$59,970TotalAmt
Management And General$15,478ManagementAndGeneralAmt
Fundraising$44,492FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$678,843TotalAmt
Program Services$467,545ProgramServicesAmt
Management And General$105,649ManagementAndGeneralAmt
Fundraising$105,649FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$391,403TotalAmt
Program Services$328,469ProgramServicesAmt
Management And General$60,890ManagementAndGeneralAmt
Fundraising$2,044FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$5,557,432TotalAmt
Program Services$5,486,051ProgramServicesAmt
Management And General$53,536ManagementAndGeneralAmt
Fundraising$17,845FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$2,778,577TotalAmt
Program Services$2,663,288ProgramServicesAmt
Management And General$115,289ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$231,620TotalAmt
Program Services$194,378ProgramServicesAmt
Management And General$36,033ManagementAndGeneralAmt
Fundraising$1,209FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
DIRECT STUDENT COSTS$3,765,612$3,765,612
OTHER EXPENSES$2,080,783$1,294,660$716,248$69,875
PROF. DEVELOPMENT$876,638$661,216$206,417$9,005
STAFF RELATED EXPENSES$633,193$478,403$148,240$6,550

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$901,912TotalAmt
Program Services$349,238ProgramServicesAmt
Management And General$552,362ManagementAndGeneralAmt
Fundraising$312FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$53,286,323TotalAmt
Program Services$44,911,257ProgramServicesAmt
Management And General$7,946,032ManagementAndGeneralAmt
Fundraising$429,034FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$4,488,575BOYAmt
EOY$14,947,836EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$15,070,031BOYAmt
EOY$6,269,466EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,862,223BOYAmt
EOY$4,786,898EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$186,403BOYAmt
EOY$289,457EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$602,846BOYAmt
EOY$532,989EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$92,501,834LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$22,745,667LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$57,152,305BOYAmt
EOY$69,756,167EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$9,999,979BOYAmt
EOY$10,011,212EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$241,872BOYAmt
EOY$4,711,604EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$90,604,234BOYAmt
EOY$111,305,629EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$2,886,850BOYAmt
EOY$11,449,676EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$37,078BOYAmt
EOY$33,745EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$9,490,000BOYAmt
EOY$37,633,755EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$52,160,763BOYAmt
EOY$22,911,894EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$247,105BOYAmt
EOY$0EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$64,821,796BOYAmt
EOY$72,029,070EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$25,087,692BOYAmt
EOY$39,102,059EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$694,746BOYAmt
EOY$174,500EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$25,782,438BOYAmt
EOY$39,276,559EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$90,604,234BOYAmt
EOY$111,305,629EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$9,038,352ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$4,455,769NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
VolunteersYes (1)VolunteersInd
Paid Staff Or ManagementYes (1)PaidStaffOrManagementInd
Media Advertisements0MediaAdvertisementsInd
Mailings Members0MailingsMembersInd
Publications Or Broadcast0PublicationsOrBroadcastInd
Grants Other Organizations0GrantsOtherOrganizationsInd
Direct Contact LegislatorsYes (1)DirectContactLegislatorsInd
Direct Contact Legislators$3,323DirectContactLegislatorsAmt
Rallies Demonstrations0RalliesDemonstrationsInd
Other Activities0OtherActivitiesInd
Total Lobbying Expenditures$3,323TotalLobbyingExpendituresAmt
Not Described Section501c30NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART II-B, LINE 1:FormAndLineReferenceDesc
ExplanationIN FISCAL YEAR 2022, DC PREP ENGAGED IN THE FOLLOWING GRASSROOTS LOBBYING ACTIVITIES TO INFLUENCE LOCAL EDUCATION LEGISLATION AND INITIATIVES: MET WITH WARD 8 ANC REGARDING OPENING OF THE NEW CAMPUS, MET WITH DC COUNCIL MEMBERS, ATTENDED COMMUNITY MEETINGS, AND REQUESTED LETTERS SUPPORTING DC PREP.ExplanationTxt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$4,249,945OtherCostOrOtherBasisAmt
Book Value$4,249,945BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$41,010,406OtherCostOrOtherBasisAmt
Depreciation$9,939,921DepreciationAmt
Book Value$31,070,485BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$27,061,924OtherCostOrOtherBasisAmt
Depreciation$8,706,650DepreciationAmt
Book Value$18,355,274BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$5,748,676OtherCostOrOtherBasisAmt
Depreciation$4,099,096DepreciationAmt
Book Value$1,649,580BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$14,430,883OtherCostOrOtherBasisAmt
Book Value$14,430,883BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$69,756,167TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationDC PREP PERFORMED AN EVALUATION OF UNCERTAINTY IN INCOME TAXES FOR THE YEARS ENDED JUNE 30, 2022 AND 2021, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS.ExplanationTxt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3IN ALL MATERIALS, DC PREP IS DESCRIBED AS A PUBLIC SCHOOL, OPEN TO ALL ON A SPACE-AVAILABLE BASIS.
SCHEDULE E, PART I, LINE 6DC PREP IS A PUBLIC CHARTER SCHOOL AND RECEIVED FEDERAL FUNDS FROM THE U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES, U.S. DEPARTMENT OF EDUCATION, AND THE U.S. DEPARTMENT OF AGRICULTURE.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1DC PREP SUPPORT CORPORATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1707 EDGEWOOD STREET NEAddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20017ZIPCd
FieldValueIRS element (for citing)
Recipient EIN821574134RecipientEIN
IRC Section501(C)(3)IRCSectionDesc
Cash Grant$375,000CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Purpose Of GrantSINKING FUND PAYMENTS FOR AEC'S LOANPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
GIFT CARDS AND TEXT BOOK PURCHASES53$19,246
TUITION PAYMENTS5$6,238

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationA SCHOLARSHIP COMMITTEE (CURRENTLY MADE UP OF THE CEO, CHIEF OF EXTERNAL AFFAIRS, DIRECTOR OF HIGH SCHOOL PLACEMENT, DIRECTOR OF PREPNEXT, AND ALUMNI SUPPORT COUNSELORS) REVIEWS REQUESTS FROM THE FAMILIES OF ALUMNI STUDENTS WHO REQUIRE FINANCIAL SUPPORT IN ORDER TO ATTEND AN OUTSTANDING HIGH SCHOOL OR COLLEGE. IN ALL CASES, THE FUNDS ADDRESS THE SHORTFALL BETWEEN THE SCHOLARSHIP OFFER THE ALUMNI STUDENT HAS RECEIVED FROM THE INSTITUTION AND THE ACTUAL COST OF TUITION AND ASSOCIATED COSTS. THE FUNDS ARE SENT DIRECTLY TO THE SCHOOL WITH A LETTER DETAILING THE PURPOSE OF THE FUNDS.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
KATIE SEVERN
PRESIDENT AND ACADEMIC OFFICER$245,523$0$500$0$0$0$12,611$0$8,834$0$267,468$0$0$0
LAURA MAESTAS
CHIEF EXECUTIVE OFFICER$213,605$0$500$0$0$0$10,724$0$1,248$0$226,077$0$0$0
DANIEL ENGLENDER CHIEF OPER
OFFICER/CFO/TREASURER$189,386$0$500$0$0$0$9,760$0$7,727$0$207,373$0$0$0
TARA O'FLAHERTY
SENIOR DIRECTOR OF SCHOOLS$163,879$0$500$0$0$0$8,613$0$7,727$0$180,719$0$0$0
NEILS RIBEIRO-YEMOFIO
CHIEF OF EXTERNAL AFFAIRS$155,041$0$500$0$0$0$8,038$0$7,727$0$171,306$0$0$0
MAURA ENGLENDER
SENIOR DIRECTOR OF STUDENT SUPPORT$153,531$0$500$0$0$0$7,724$0$7,024$0$168,779$0$0$0
NEEMA DESAI
PRINCIPAL$134,778$0$1,500$0$0$0$7,057$0$7,727$0$151,062$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 7FormAndLineReferenceDesc
ExplanationALL BONUSES PAID TO DC PREP'S OFFICERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES LISTED IN FORM 990, PART VII, SECTION A FOR THE 2021 CALENDAR YEAR WERE BASED ON AN APPRAISAL OF HIS/HER PERFORMANCE FOR THE YEAR ENDED JUNE 30, 2022.ExplanationTxt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
DISTRICT OF COLUMBIA
A536001131254839J382005-06-15$5,500,000REPAY OUTSTANDING NOTES USED TO PURCHASE/RENOVATE THE FIRST SCHOOL BUILDING000
DISTRICT OF COLUMBIA
B536001131254839W252007-06-26$9,580,000REFINANCE AND FINANCE PURCHASE AND RENOVATION OF THE SECOND SCHOOL BUILDING000
DISTRICT OF COLUMBIA
C5360011312021-12-15$52,000,000REPAY OUTSANDING BONDS (A AND B) AND NMTC LOANS AND FINANCE RENOVATION OF SC000

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)

Bond ReferenceBondReferenceCdTotal ProceedsTotalProceedsAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCapital ExpendituresCapitalExpendituresAmtSubstantial CompletionSubstantialCompletionYrRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintInd
A$5,500,000$198,106$5,301,894200500Yes (1)Yes (1)
B$9,580,000$278,787$9,301,213200700Yes (1)Yes (1)
C$37,633,755$652,939$36,980,8162022Yes (1)00Yes (1)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndAny Research AgreementsAnyResearchAgreementsIndBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A000000Yes (1)
B000000Yes (1)
C000000Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsIndSuperintegrated HedgeSuperintegratedHedgeIndHedge TerminatedHedgeTerminatedInd
(no name)
A000Yes (1)Yes (1)0000
(no name)
B000Yes (1)Yes (1)0000
EAGLE BANK
C0Yes (1)Yes (1)0Yes (1)Yes (1)00000

Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
A0
B0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
DATE REBATE COMPUTATION PERFORMEDISSUER NAME: DISTRICT OF COLUMBIA DATE THE REBATE COMPUTATION WAS PERFORMED: 06/15/2016 ISSUER NAME: DISTRICT OF COLUMBIA DATE THE REBATE COMPUTATION WAS PERFORMED: 06/26/2020
SCHEDULE K SUPPLENTAL INFORMATIONSCHEDULE K, PART II, LINE 7: FOR THE 2005 SERIES BOND, INCLUDED IN THE TOTAL ISSUANCE COST FROM PROCEEDS ARE THE FOLLOWING: LETTER OF CREDIT FEES ($51,806), INTEREST RATE CAP ($15,400), AND CREDIT ENHANCEMENT FEES ($3,475). FOR THE 2007 SERIES BOND, INCLUDED IN THE TOTAL ISSUANCE COST FROM PROCEEDS ARE THE FOLLOWING: LETTER OF CREDIT FEES ($80,707) AND CREDIT ENHANCEMENT FEES ($5,519).

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution6ContributionCnt
Noncash Contributions Rpt F990$304,796NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE INFORMATION TO COMPLETE THE FEDERAL FORM 990 IS PROVIDED TO THE PREPARER BY DC PREP'S CONTRACTED ACCOUNTING SERVICE, IT'S SENIOR DIRECTOR OF FINANCE AND REAL ESTATE, CFO AND CEO. ONCE THE INITIAL DRAFT FEDERAL FORM 990 IS COMPLETED, IT IS CIRCULATED TO THE AUDIT COMMITTEE FOR REVIEW AND ACCEPTANCE, FOLLOWED BY THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, SECTION B, LINE 12CTHE MEMBERS OF DC PREP'S BOARD OF DIRECTORS, OFFICERS, AND KEY EMPLOYEES COMPLETE A CONFLICT OF INTEREST STATEMENT ON AN ANNUAL BASIS THAT IS REVIEWED BY THE BOARD CHAIRMAN AND CEO FOR ANY POTENTIAL CONFLICTS. ANY BOARD MEMBER WHO BELIEVES HIMSELF OR HERSELF TO HAVE A CONFLICT OF INTEREST IN A DECISION ON A SPECIFIC MATTER IS REQUIRED TO RECUSE HIMSELF OR HERSELF FROM THE DISCUSSION AND VOTE ON SAID MATTER.
FORM 990, PART VI, SECTION B, LINE 15THE CEO WORKS WITH MEMBERS OF THE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS, USING COMPARATIVE COMPENSATION DATA OF ORGANIZATIONS OF SIMILAR SIZE IN THE CHARTER MANAGEMENT ORGANIZATION INDUSTRY, TO DETERMINE ANNUAL COMPENSATION OF OFFICERS AND KEY EMPLOYEES. COMPENSATION OF THE CEO IS PRESENTED TO THE BOARD OF DIRECTORS BY THE CHAIR OF THE GOVERNANCE COMMITTEE IN EXECUTIVE SESSION OF A REGULARLY SCHEDULED BOARD MEETING. THE CEO IS NOT PRESENT FOR THE DISCUSSION. AS IT TAKES PLACE IN EXECUTIVE SESSION, THE NOTES FROM THAT DISCUSSION ARE NOT A PART OF THE REGULAR MINUTES FOR THE BOARD MEETING. THE CHAIR OF THE GOVERNANCE COMMITTEE MAINTAINS A WRITTEN DESCRIPTION OF THAT DISCUSSION THAT INCLUDES THOSE BOARD MEMBERS PRESENT AND ACKNOWLEDGES THEIR UNANIMOUS DECISION. TO DRAW UP ITS RECOMMENDATION FOR COMPENSATION, THE GOVERNANCE COMMITTEE MAKES USE OF DATA OF COMPARABLE ORGANIZATIONS (MULTIPLE-CAMPUS CHARTER SCHOOLS) BASED ON RESEARCH CONDUCTED ON CHARTER SCHOOLS BY EDUCATION ORGANIZATIONS AND GROUPS. THE DATA SHOWS THAT THE CEO'S COMPENSATION IS GENERALLY IN LINE WITH ORGANIZATIONS OF SIMILAR SIZE AND ACHIEVEMENT.
FORM 990, PART VI, SECTION C, LINE 19THESE DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. ALSO, MANY OF THE GOVERNING DOCUMENTS AND THE FINANCIAL STATEMENTS ARE AVAILABLE FROM THE DC PUBLIC CHARTER SCHOOL BOARD, DC PREP'S AUTHORIZER.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1DC PREP SUPPORT CORPORATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1707 EDGEWOOD STREET NEAddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20017ZIPCd
FieldValueIRS element (for citing)
EIN821574134EIN
Primary ActivitiesTO SUPPORT D.C. PREPARATORY ACADEMYPrimaryActivitiesTxt
Legal Domicile StateDCLegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity StatusLINE 12A, IPublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1DC PREPARATORY ACADEMYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled OrganizationYes (1)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1DC PREP SUPPORT CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeBTransactionTypeTxt
Involved$375,000InvolvedAmt
Method Of Amount DeterminationCOST VALUEMethodOfAmountDeterminationTxt