2021-05-17T18:09:48-05:00 2020-06-30 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2019-07-01 202629354 DEMOCRACY PREP PUBLIC SCHOOLS DEMO 6468299659 1767 PARK AVENUE 5TH FLOOR NEW YORK NY 10035 NATASHA TRIVERS CEO 6468299659 2021-05-17 1 GARRETT M HIGGINS P00543209 9143818900 2021-05-17 2019 2022-09-23 18:48:47Z NATASHA TRIVERS 1767 PARK AVENUE 5TH FLOOR NEW YORK NY 10035 19867967 0 X WWW.DEMOCRACYPREP.ORG X 2005 NY THE ORGANIZATION MANAGES AND OPERATES HIGH-PERFORMING CHARTER SCHOOLS. 8 8 286 8 0 0 5364719 2287489 22704521 17402179 1049 25 0 178274 28070289 19867967 1521622 65692 0 0 19699668 11578238 0 0 4925 5228809 6414122 26450099 18058052 1620190 1809915 13313321 15265798 14233500 14376062 -920179 889736 TO EDUCATE RESPONSIBLE CITIZEN SCHOLARS FOR SUCCESS IN THE COLLEGE OF THEIR CHOICE AND A LIFE OF ACTIVE CITIZENSHIP. 0 0 15928493 65692 17402179 THE ORGANIZATION OPERATES AS A CHARTER MANAGEMENT ORGANIZATION PROVIDING EDUCATIONAL SERVICES, MANAGEMENT OPERATIONS AND FUNDRAISING ACTIVITIES FOR THE FOLLOWING CHARTER SCHOOLS: DEMOCRACY PREP NEW YORK CHARTER SCHOOLS, FREEDOM PREP CHARTER SCHOOL, DEMOCRACY PREP BATON ROUGE, DEMOCRACY PREP AGASSI CAMPUS, AND DEMOCRACY PREP TEXAS. 15928493 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 22 0 286 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X VALERIE MARTINEZ 3322154366 1767 PARK AVENUE 5TH FLOOR NEW YORK NY 10035 NATASHA TRIVERS CEO 65.00 X 271272 0 38402 LINDA JONES EASTON EXECUTIVE VICE PRESIDENT 65.00 X 247429 0 51951 KENT ANKER EVP & GENERAL COUNSEL 65.00 X 241151 0 53966 LISA FRISCIA CHIEF PEOPLE OFFICER 65.00 X 197888 0 44255 STEPHEN POPPER SUPERINTENDENT 65.00 X 153604 0 46807 MARGARET MARRER SR. DIR. OF K-12 CURRICULUM 65.00 X 162065 0 33937 AJAKA ROTH SENIOR DIR. OF TALENT DEV. 65.00 X 149715 0 33743 RALPH JOHNSON VP OF COLLEGE ACCESS & SUCCESS 65.00 X 148855 0 28075 KATHRYN STANTON FORMER CEO 0.00 X 158191 0 16022 JONATHAN HOWARD VP OF NETWORK GROWTH 65.00 X 126449 0 33461 KIMBERLY WALL ASSISTANT SUPERINTENDENT 65.00 X 125427 0 31160 RYAN OFFUTT CHAIR 5.00 X X 0 0 0 CHRIS KRAUS VICE-CHAIR 5.00 X X 0 0 0 JERI POWELL SECRETARY 5.00 X X 0 0 0 ERHARD MARIUS TREASURER 5.00 X X 0 0 0 CARLOS LEJNIEKS DIRECTOR 5.00 X 0 0 0 SAMUEL SCHAEFFER DIRECTOR 5.00 X 0 0 0 PALLAVI VERMA DIRECTOR 5.00 X 0 0 0 ENOCH WOODHOUSE DIRECTOR 5.00 X 0 0 0 VALERIE MARTINEZ CFO AS OF MARCH 2020 65.00 X 0 0 0 1982046 0 411779 21 1 1 0 CHARTER SCHOOL BUSINESS MANAGEMENT 20 E UNIVERSITY DRIVE SUITE 201 TEMPE AZ 85281 FINANCE CONSULTANTS 1011807 ALVAREZ & MARSHAL PUBLIC SECTOR SERVICES 600 MADISON AVE 8TH FL NEW YORK NY 10022 FINANCE CONSULTANTS 350016 THE ULTIMATE SOFTWARE GROUP INC PO BOX 930953 ATLANTA GA 31193 PAYROLL & ACCOUNTING SYSTEM SERVICES 127833 GREENBERG TRAURIG LLP 200 PARK AVENUE NEW YORK NY 10166 LEGAL SERVICES 118414 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVE HARRISON NY 10528 ACCOUNTING & AUDITING SERVICES 104000 5 1803569 483920 2287489 MANAGEMENT/CONSULTING FEES 541610 14094581 14094581 RENTAL TO CHARTER SCHOOLS 531120 3307598 3307598 17402179 25 25 OTHER INCOME 900099 178274 178274 178274 19867967 17402179 0 178299 65692 65692 1486799 1338119 148680 8382186 7543968 838218 283982 255584 28398 612209 550988 61221 813062 731756 81306 98734 98734 104749 104749 237083 237083 1451123 1394871 56252 427867 422942 4925 264228 195349 68879 214668 193201 21467 3053467 2748121 305346 275697 248127 27570 9343 9343 73966 66570 7396 101122 91010 10112 PROFESSIONAL DEVELOP. 41365 41365 FOOD 22867 20580 2287 BAD DEBT EXPENSE 22500 20250 2250 STUDENT SERVICES 15343 15343 18058052 15928493 2124634 4925 631409 3081576 101131 1212803 536010 11971 43136 92212 24430 9175598 349526 8703727 8826072 2661199 2653443 13313321 15265798 2943423 1454360 3138903 3147691 170755 170755 5002301 5037638 2978118 4565618 14233500 14376062 X -920179 868936 20800 -920179 889736 13313321 15265798 1809915 0 X X 0 1 X 1 1 1 X 1916657 3174540 4872294 5364719 2287489 17615699 1916657 3174540 4872294 5364719 2287489 17615699 2190717 15424982 4 1049 25 1078 16647 11269 141185 178274 347375 17964152 84254209 0.85870 0.87740 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2015 AMOUNT: $ 16,647. 2016 AMOUNT: $ 11,269. 2019 AMOUNT: $ 178,274. SETTLEMENT PAYMENT - 2017 AMOUNT: $ 48,125. ACCOUNTS PAYABLE WRITE-OFF - 2017 AMOUNT: $ 93,060. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 293656 197072 96584 8881942 152454 8729488 8826072 SECURITY DEPOSIT 228846 DUE FROM AFFILIATES 940751 DEFERRED RENT 1483846 2653443 DEFERRED RENT 1982131 DUE TO AFFILIATES 364177 PAYCHECK PROTECTION PROGRAM LOAN 2219310 4565618 X 24634179 4766212 4766212 19867967 0 19867967 22824264 4766212 4766212 18058052 0 18058052 PART IV, LINE 2B: TENANT SECURITY DEPOSITS HELD IN ACCORDANCE WITH REGULATIONS. PART X, LINE 2: THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO JUNE 30, 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF RELATED ORG. INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 4,766,212. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF RELATED ORG. INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 4,766,212. 1 DEMOCRACY PREP AGASSI CAMPUS 1201 W LAKE MEAD BLVD LAS VEGAS NV 89106 821301171 501(C)(3) 65692 GRANT TO COVER OPERATIONAL EXPENSES 1 0 PART I, LINE 2: THE ORGANIZATION PROVIDED A GRANT TO DEMOCRACY PREP AGASSI CAMPUS (DPAC) FOR THE PURPOSE OF SUPPORTING GENERAL OPERATIONS. DEMOCRACY PREP PUBLIC SCHOOLS MANAGES DPAC AND MONITORS THE USE OF THE FUNDS THROUGH THROUGH THEIR AFFILIATION. X X X 1 0 0 0 0 0 0 0 0 NATASHA TRIVERS CEO 271212 0 0 0 60 0 12861 0 25541 0 309674 0 0 0 LINDA JONES EASTON EXECUTIVE VICE PRESIDENT 246667 0 0 0 762 0 24750 0 27201 0 299380 0 0 0 KENT ANKER EVP & GENERAL COUNSEL 241013 0 0 0 138 0 8483 0 45483 0 295117 0 0 0 LISA FRISCIA CHIEF PEOPLE OFFICER 197834 0 0 0 54 0 18000 0 26255 0 242143 0 0 0 STEPHEN POPPER SUPERINTENDENT 153556 0 0 0 48 0 8000 0 38807 0 200411 0 0 0 MARGARET MARRER SR. DIR. OF K-12 CURRICULUM 162017 0 0 0 48 0 8074 0 25863 0 196002 0 0 0 AJAKA ROTH SENIOR DIR. OF TALENT DEV. 149661 0 0 0 54 0 12616 0 21127 0 183458 0 0 0 RALPH JOHNSON VP OF COLLEGE ACCESS & SUCCESS 148795 0 0 0 60 0 7991 0 20084 0 176930 0 0 0 KATHRYN STANTON FORMER CEO 107778 0 0 0 50413 0 7917 0 8105 0 174213 0 0 0 JONATHAN HOWARD VP OF NETWORK GROWTH 126417 0 0 0 32 0 12642 0 20819 0 159910 0 0 0 KIMBERLY WALL ASSISTANT SUPERINTENDENT 125379 0 0 0 48 0 6375 0 24785 0 156587 0 0 0 PART I, LINE 4A KATHRYN STANTON, FORMER CEO, RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $50,388 AS INCLUDED IN PART II, COLUMN (B)(III). FORM 990, PART VI, SECTION A, LINE 3 ALVAREZ & MARSAL PUBLIC SECTOR SERVICES, LLC PROVIDES FINANCIAL MANAGEMENT CONSULTING SERVICES AND SERVES AS THE ORGANIZATION'S CFO ON A LIMITED BASIS. FOR THE YEAR ENDING JUNE 30, 2020, THE ORGANIZATION COMPENSATED ALVAREZ & MARSAL PUBLIC SECTOR SERVICES $98,734. NO INDIVIDUALS LISTED ON FORM 990, PART VII RECEIVED COMPENSATION FROM THE MANAGEMENT COMPANY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE RETURN IS REVIEWED BY MANAGEMENT AND ELECTRONICALLY PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT COVERS ALL DIRECTORS, OFFICERS, AND KEY EMPLOYEES REQUIRING THEM TO ANNUAL SUBMIT A STATEMENT TO THE BOARD TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. DIRECTORS MUST ALSO DISCLOSE POTENTIAL CONFLICTS OF INTEREST TO THE BOARD AS THEY ARISE. THE BOARD DETERMINES WHETHER A CONFLICT EXISTS BY MAJORITY VOTE, AND THE CONFLICTED PERSON MUST RECUSE HIMSELF/HERSELF FROM THE DISCUSSION AND VOTE ON SUCH MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES, INCLUDING THE CEO, WAS DETERMINED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS USING COMPARABILITY DATA, INCLUDING THE FORMS 990 OF SIMILARLY SITUATED NON-PROFIT ORGANIZATIONS. THE PROCESS WAS LAST CONDUCTED IN 2019 AND WAS DOCUMENTED IN THE MINUTES OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST AT 1767 PARK AVENUE, 5TH FLOOR, NEW YORK, NY 10035, OR BY CALLING THE ORGANIZATION DIRECTLY AT (646)829-9659. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF ITS INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. DEMOCRACY PREP NEVADA LLC 1201 W LAKE MEAD BLVD LAS VEGAS NV 89106 320520597 CHARTER OPERATOR FOR DEMOCRACY PREP AGASSI CAMPUS NV 501(C)(3) LINE 7 DEMOCRACY PREP PUBLIC SCHOOLS 1 DEMOCRACY PREP AGASSI CAMPUS 1201 W LAKE MEAD BLVD LAS VEGAS NV 89106 821301171 K-12 CHARTER SCHOOL NV 501(C)(3) LINE 2 DEMOCRACY PREP NEVADA LLC 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 DEMOCRACY PREP AGASSI CAMPUS B 65692 FAIR MARKET VALUE DEMOCRACY PREP AGASSI CAMPUS L 1202444 FAIR MARKET VALUE