CORPORATION OF THE WASHINGTON LATIN SCHOOL: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- CORPORATION OF THE WASHINGTON LATIN SCHOOL (EIN 20-2395640)
- Tax period
- 2019-07-01 to 2020-06-30
- Filed
- 2021-05-05
- IRS object ID
- 202141259349302394
- Schema version
- 2019v5.0
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule K
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-05-05T18:20:06-05:00 | ReturnTs |
| Tax Period End | 2020-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 462108854 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KENDALL PREBOLA AND JONES LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 259 | AddressLine1Txt |
| City | BEDFORD | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 155220259 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 202395640 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CORPORATION OF WASHINGTON LATIN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CORP | BusinessNameControlTxt |
| Phone | 2022231111 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5200 2ND STREET NW | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20011 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PETER ANDERSON | PersonNm |
| Person Title | HEAD OF SCHOOL | PersonTitleTxt |
| Phone | 2025411591 | PhoneNum |
| Signature | 2021-05-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ROBERT F PREBOLA CPA | PreparerPersonNm |
| PTIN | P00575666 | PTIN |
| Phone | 8146231880 | PhoneNum |
| Preparation | 2021-05-05 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WASHINGTON LATIN PUBLIC CHARTER SCH | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | PETER ANDERSON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5200 2ND STREET NW | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20011 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $19,446,366 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.LATINPCS.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2005 | FormationYr |
| Legal Domicile State | DC | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE A CHALLENGING, CLASSICAL EDUCATION THAT IS ACCESSIBLE TO STUDENTS THROUGHOUT THE DISTRICT OF COLUMBIA. | ActivityOrMissionDesc |
| Voting Members Governing Body | 13 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 13 | VotingMembersIndependentCnt |
| Total Employee | 198 | TotalEmployeeCnt |
| Total Volunteers | 80 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $891,171 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,410,972 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $12,762,973 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $13,426,548 | CYProgramServiceRevenueAmt |
| PY Investment Income | $148,041 | PYInvestmentIncomeAmt |
| CY Investment Income | $101,255 | CYInvestmentIncomeAmt |
| PY Other Revenue | $7,454 | PYOtherRevenueAmt |
| CY Other Revenue | $4,260,000 | CYOtherRevenueAmt |
| PY Total Revenue | $13,809,639 | PYTotalRevenueAmt |
| CY Total Revenue | $19,198,775 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $16,567 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $8,858,027 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $9,657,634 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $199,777 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $4,806,150 | PYOtherExpensesAmt |
| CY Other Expenses | $4,781,440 | CYOtherExpensesAmt |
| PY Total Expenses | $13,664,177 | PYTotalExpensesAmt |
| CY Total Expenses | $14,455,641 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $145,462 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $4,743,134 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $27,485,758 | TotalAssetsBOYAmt |
| Total Assets EOY | $28,722,754 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $18,654,155 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $15,660,797 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $8,831,603 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $13,061,957 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO PROVIDE A CHALLENGING, CLASSICAL EDUCATION THAT IS ACCESSIBLE TO STUDENTS THROUGHOUT THE DISTRICT OF COLUMBIA. | MissionDesc |
| Significant New Program Srvc | Yes (true) | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $13,437,846 | ExpenseAmt |
| Grant | $16,567 | GrantAmt |
| Revenue | $13,426,548 | RevenueAmt |
| Desc | WASHINGTON LATIN PCS PROVIDES A CHALLENGING, CLASSICAL EDUCATION FOR THE MODERN WORLD THAT IS ACCESSIBLE TO STUDENTS IN GRADES 5-12 THROUGHOUT THE DISTRICT OF COLUMBIA. THE CHARTER SCHOOL WAS FOUNDED IN 2005 ON THE BELIEF THAT ALL STUDENTS DESERVE A QUALITY EDUCATION THAT GOES BEYOND PREPARATION AND FOCUSES ON DEVELOPING KNOWLEDGE, UNDERSTANDING AND HUMANITY. OUR ESSENTIAL CHARACTERISTICS INCLUDE OUR CLASSICAL CURRICULUM, TOP NOTCH FACULTY, SMALL CLASSES, AND CLOSE-KNIT COMMUNITY OF DIVERSE STUDENTS AND FACULTY. LATIN WASHINGTON OPENED ITS DOORS TO 179 STUDENTS IN 2006. IN EACH OF THE NEXT FIVE YEARS, THE SCHOOL ADDED A GRADE UNTIL REACHING THE FULL COMPLEMENT OF GRADES 5-12 IN 2011-12. THE CHARTER SCHOOL PRESENTLY SERVES A DIVERSE GROUP OF STUDENTS FROM ALL EIGHT WARDS OF DC. WASHINGTON LATIN BELIEVES THAT A HIGH CALIBER CLASSICAL EDUCATION SHOULD BE AVAILABLE TO ALL PUBLIC SCHOOL STUDENTS AND THAT EVERY YOUNG PERSON CAN LEARN AND DESERVES GREAT TEACHERS. THE CLASSICAL MODEL OF EDUCATION AT WASHINGTON LATIN BRINGS TOGETHER THE TIMELESS TRUTHS OF GREECE AND ROME WITH THE STUDY OF CONTEMPORARY ISSUES. WASHINGTON LATIN FOCUSES ON THREE CLASSICAL LEGACIES: EDUCATION FOR CITIZENSHIP IN A DEMOCRACY, THE LATIN LANGUAGE, AND PUBLIC ORATORY. THESE ARE IMPARTED THROUGH BOTH ANCIENT TEACHING METHODS SUCH AS SOCRATIC SEMINARS AND CONTEMPORARY APPROACHES, SUCH AS CURRENT TECHNOLOGY AND INNOVATIVE LEARNING PRACTICES. IN ADDITION, EACH STUDENT IS REQUIRED TO COMPLETE THREE HIGH SCHOOL LEVELS OF LATIN AND TWO OF FRENCH, CHINESE, OR ARABIC. THIS REQUIREMENT IS DESIGNED TO FOSTER THE STUDENT'S UNDERSTANDING OF OTHER CULTURES AND TO PREPARE EACH STUDENT FOR SUCCESS IN THE GLOBAL ENVIRONMENT. THE LINK BETWEEN THE ACADEMIC AND MORAL REALMS OF EDUCATION LIES AT THE HEART OF THE CLASSICAL TRADITION. WASHINGTON LATIN HOLDS HIGH EXPECTATIONS FOR ITS STUDENTS IN THEIR ACADEMIC PERFORMANCE, AS WELL AS THEIR PERSONAL AND COMMUNITY BEHAVIOR. THEY LEARN TO ASK "ESSENTIAL QUESTIONS," ENGAGE IN DIFFICULT DISCUSSIONS, INFORM THEMSELVES ABOUT POSSIBLE OPTIONS, ACT ON THEIR DECISIONS, AND OWN THE CONSEQUENCES: ALL CRITICAL STEPS TO BECOMING RESPONSIBLE CITIZENS. A RELATED COMPONENT OF OUR CLASSICAL APPROACH IS TO EDUCATE STUDENTS TO BECOME PART OF THE SCHOOL COMMUNITY. WE ENCOURAGE ALL TO CARE FOR AND RESPECT ONE ANOTHER UNDER THE MANTRA "WORDS MATTER." TO FOSTER THIS, WE GATHER THE SCHOOL COMMUNITY REGULARLY IN ASSEMBLIES THAT FOCUS ON OUR VALUES, PRAISE STUDENT ACHIEVEMENT, AND RECOGNIZE EACH OTHER'S GROWTH AND HARD WORK, ESSENTIAL TO CREATING OUR CULTURE OF COMMUNITY SUPPORT AND SHARED RESPONSIBILITY. OUR TOP NOTCH FACULTY IS THE SINGLE MOST IMPORTANT REASON FOR OUR CHARTER SCHOOL'S SUCCESS AND ALLOWS FOR A PERSONAL, SUPPORTIVE AND CHALLENGING ENVIRONMENT. THE ONLY WAY TO BRING STUDENTS ALONG ON THEIR OWN PATH OF EDUCATION IS TO KNOW THEM. WE INSIST ON SMALL CLASS SIZES AND AN ACTIVE ADVISORY PROGRAM TO ALLOW TEACHERS TO KNOW THEIR STUDENTS AS ADOLESCENTS AND AS LEARNERS. ACCESSIBILITY TO THE SCHOOL FACILITY, ITS FACULTY AND STAFF, AND ITS COURSES OF STUDY IS WOVEN INTO WASHINGTON LATIN'S CULTURE. SINCE ITS OPENING, THE CHARTER SCHOOL HAS REACHED THESE IMPORTANT MILESTONES: O ENROLLMENT HAS GROWN TO OVER 730 STUDENTS AT GRADE LEVELS 5-12 AND WE HAVE SERVED MORE THAN 1,500 STUDENTS OVERALL. THE SCHOOL IS IN HIGH DEMAND FROM STUDENTS WHO WISH TO ENROLL, AND OUR WAITLIST REGULARLY NUMBERS OVER 1,000. O EVERY YEAR SINCE IT OPENED, THE SCHOOL HAS ENROLLED STUDENTS FROM ALL EIGHT WARDS. OUR STUDENT BODY IS DIVERSE, AND OUR RACIAL DEMOGRAPHICS MATCH THOSE OF THE CITY. O WE HAVE BEEN RATED TIER 1 BY THE PUBLIC CHARTER SCHOOL BOARD EACH YEAR SINCE THE BOARD BEGAN USING THE PERFORMANCE MANAGEMENT FRAMEWORK TO MEASURE CHARTER SCHOOL QUALITY. O OUR FIRST CLASS GRADUATED IN 2012, AND EIGHT OTHERS HAVE FOLLOWED. IN BOTH 2012 AND 2013, OUR FIRST TWO GRADUATING CLASSES HAD THE HIGHEST GRADUATION RATES (93% AND 96%) OF ANY NON-SELECTIVE PUBLIC SCHOOL IN THE DISTRICT. OUR AVERAGE GRADUATION RATE IS 86%. O APPROXIMATELY 86% OR MORE OF EACH SENIOR CLASS HAS BEEN ACCEPTED TO COLLEGE. OUR ALUMNI HAVE RECEIVED MORE THAN 27 MILLION IN SCHOLARSHIPS, INCLUDING SEVEN POSSE SCHOLARS, TWO CHILDREN'S DEFENSE FUND BEAT THE ODDS SCHOLARS, THREE GEORGE WASHINGTON UNIVERSITY TRACHTENBERG SCHOLARS, A HERBERT H. DENTON JR. SCHOLAR, AND A GATES MILLENNIUM SCHOLARSHIP FINALIST. THREE OF OUR GRADUATES HAVE BEEN ACCEPTED TO MILITARY ACADEMIES, INCLUDING THE U.S. COAST GUARD, U.S. AIR FORCE, AND WEST POINT. IN THE MOST RECENT DC-WIDE STANDARDIZED TESTING (PARCC ASSESSMENT, ADMINISTERED EACH SPRING), WASHINGTON LATIN STUDENTS SCORED AT OR NEAR THE TOP OF BOTH ENGLISH/LANGUAGE ARTS (ELA) AND MATHEMATICS TESTS. IN FACT, OUR ELA SCORES WERE THE HIGHEST OF ANY NONSELECTIVE DCPS OR PUBLIC CHARTER SCHOOL IN THE DISTRICT. | Desc |
| Total Program Service Expenses | $13,437,846 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 41 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 198 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 13 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 13 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PETER ANDERSON | PersonNm |
| Phone | 2022231111 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5200 2ND STREET NW | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20011 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| CHRISTOPHER B WILKINSON | |||||||
| PRESIDENT | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| RAGINI DALAL | |||||||
| VICE PRESIDE | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| TIMOTHY MORGAN | |||||||
| TREASURER | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| CAITLIN MCGURN | |||||||
| SECRETARY | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| ANN ELIZABETH LOVETT | |||||||
| OUTGOING PRE | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| LAURIE BALLENGER | |||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| BARRY CALDWELL | |||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| CHRISTINA ERLAND CULVER | |||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| ALYSE GRAHAM | |||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| PATRICK MARA | |||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| KENNETH MERRITT | |||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| HUNTER RAWLINGS | |||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| LISA RUCKER | |||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| GEORGEANNE MATTHEWS | |||||||
| OUTGOING MEM | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| PETER ANDERSON | |||||||
| HEAD OF SCHO | 40.00 | Yes (X) | $168,657 | $0 | $12,701 | ||
| DIANA SMITH | |||||||
| PRINCIPAL | 40.00 | $121,928 | $0 | $10,786 | Yes (X) | ||
| CATHERINE CROMWELL | |||||||
| DIR. OF DEV. | 40.00 | $105,180 | $0 | $5,521 | Yes (X) | ||
| YINNIE TSE | |||||||
| DIR. OF FINA | 40.00 | Yes (X) | $39,532 | $0 | $4,313 | ||
| GEOVANNA IZURIETA - OUTGOING | |||||||
| DIR. OF FINA | 40.00 | Yes (X) | $65,081 | $0 | $7,432 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $500,378 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $40,753 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| VENPOR INVESTMENTS LLC | |||||
| 250 AMERICA WAY 321 | OXON HILL | MD | 20745 | TRANSPORTATION | $284,944 |
| LATIN JANITORIAL SERVICES | |||||
| 518 ONEIDA PLACE NW | WASHINGTON | DC | 20011 | CLEANING | $215,068 |
| ED OPS | |||||
| 1611 CONNECTICUT AVENUE NW | WASHINGTON | DC | 20009 | HR & ACCOUNTING | $158,000 |
| REVOLUTION FOODS | |||||
| 6219 COLUMBIA PARK ROAD | CHEVERLY | MD | 20785 | FOOD SERVICES | $144,221 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
| Government Grants | $426,363 | GovernmentGrantsAmt |
| All Other Contributions | $984,609 | AllOtherContributionsAmt |
| Noncash Contributions | $2,461 | NoncashContributionsAmt |
| Total Contributions | $1,410,972 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| PER PUPIL ALLOCATION | 611710 | $10,676,976 | $10,676,976 |
| PER PUPIL FACILITY ALLOWANCE | 611710 | $2,401,200 | $2,401,200 |
| STUDENT FEES | 611710 | $348,372 | $348,372 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $13,426,548 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $96,206 | TotalRevenueColumnAmt |
| Exclusion | $96,206 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $252,640 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $247,591 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $5,049 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,049 | TotalRevenueColumnAmt |
| Exclusion | $5,049 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| NEW MARKET TAX CREDIT LOAN | 900099 | $4,260,000 | $4,260,000 |
| FORGIVENESS |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $4,260,000 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $19,198,775 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $17,686,548 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $101,255 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,567 | TotalAmt |
| Program Services | $16,567 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $320,168 | TotalAmt |
| Program Services | $302,148 | ProgramServicesAmt |
| Management And General | $13,102 | ManagementAndGeneralAmt |
| Fundraising | $4,918 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,732,832 | TotalAmt |
| Program Services | $7,297,601 | ProgramServicesAmt |
| Management And General | $316,437 | ManagementAndGeneralAmt |
| Fundraising | $118,794 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $189,524 | TotalAmt |
| Program Services | $178,858 | ProgramServicesAmt |
| Management And General | $7,755 | ManagementAndGeneralAmt |
| Fundraising | $2,911 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $698,951 | TotalAmt |
| Program Services | $659,610 | ProgramServicesAmt |
| Management And General | $28,603 | ManagementAndGeneralAmt |
| Fundraising | $10,738 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $716,159 | TotalAmt |
| Program Services | $675,850 | ProgramServicesAmt |
| Management And General | $29,307 | ManagementAndGeneralAmt |
| Fundraising | $11,002 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,567 | TotalAmt |
| Management And General | $20,567 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $148,449 | TotalAmt |
| Management And General | $148,449 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $427,044 | TotalAmt |
| Program Services | $333,686 | ProgramServicesAmt |
| Management And General | $93,358 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $180,565 | TotalAmt |
| Program Services | $172,412 | ProgramServicesAmt |
| Management And General | $5,984 | ManagementAndGeneralAmt |
| Fundraising | $2,169 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,799 | TotalAmt |
| Program Services | $44,686 | ProgramServicesAmt |
| Management And General | $1,551 | ManagementAndGeneralAmt |
| Fundraising | $562 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $563,402 | TotalAmt |
| Program Services | $530,323 | ProgramServicesAmt |
| Management And General | $26,409 | ManagementAndGeneralAmt |
| Fundraising | $6,670 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,135,996 | TotalAmt |
| Program Services | $1,084,701 | ProgramServicesAmt |
| Management And General | $37,651 | ManagementAndGeneralAmt |
| Fundraising | $13,644 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,035,621 | TotalAmt |
| Program Services | $988,858 | ProgramServicesAmt |
| Management And General | $34,324 | ManagementAndGeneralAmt |
| Fundraising | $12,439 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49,815 | TotalAmt |
| Program Services | $10,881 | ProgramServicesAmt |
| Management And General | $38,934 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| DIRECT STUDENT COST | $701,998 | $701,998 | ||
| OTHER STAFF RELATED COSTS | $160,747 | $153,378 | $7,369 | |
| AUTHORIZER FEE | $120,442 | $115,003 | $3,992 | $1,447 |
| FOOD SERVICE | $118,297 | $118,297 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,698 | TotalAmt |
| Program Services | $52,989 | ProgramServicesAmt |
| Management And General | $4,226 | ManagementAndGeneralAmt |
| Fundraising | $14,483 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,455,641 | TotalAmt |
| Program Services | $13,437,846 | ProgramServicesAmt |
| Management And General | $818,018 | ManagementAndGeneralAmt |
| Fundraising | $199,777 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,253,263 | BOYAmt |
| EOY | $7,447,728 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,234,556 | BOYAmt |
| EOY | $5,694,599 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $290,978 | BOYAmt |
| EOY | $111,873 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $98,454 | BOYAmt |
| EOY | $134,136 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,405 | BOYAmt |
| EOY | $118,638 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $21,596,813 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $6,431,033 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,960,751 | BOYAmt |
| EOY | $15,165,780 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $500,696 | BOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $81,655 | BOYAmt |
| EOY | $50,000 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,485,758 | BOYAmt |
| EOY | $28,722,754 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $945,602 | BOYAmt |
| EOY | $1,010,107 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,400 | BOYAmt |
| EOY | $6,255 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $14,073,702 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,695,153 | BOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $570,733 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,654,155 | BOYAmt |
| EOY | $15,660,797 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,414,776 | BOYAmt |
| EOY | $12,404,978 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $416,827 | BOYAmt |
| EOY | $656,979 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,831,603 | BOYAmt |
| EOY | $13,061,957 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,485,758 | BOYAmt |
| EOY | $28,722,754 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $4,743,134 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$1,959 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$510,821 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $20,126,788 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,252,738 | DepreciationAmt |
| Book Value | $14,874,050 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,470,025 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,178,295 | DepreciationAmt |
| Book Value | $291,730 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $15,165,780 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| INTEREST RATE SWAP LIABILITY | $479,166 |
| LEASE PAYABLE | $91,567 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $570,733 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $19,213,576 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$1,959 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $16,760 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $14,801 | RevenueNotReportedAmt |
| Revenue Subtotal | $19,198,775 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $19,198,775 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $14,472,401 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $16,760 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $16,760 | ExpensesNotReportedAmt |
| Expenses Subtotal | $14,455,641 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $14,455,641 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE D, PAGE 3, PART X | FormAndLineReferenceDesc |
| Explanation | ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE CHARTER SCHOOL'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 WASHINGTON LATIN PUBLIC CHARTER SCHOOL PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2020, 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. AS OF JUNE 30, 2020, THE STATUTE OF LIMITATIONS FOR TAX YEARS 2016 THROUGH 2018 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE CHARTER SCHOOL FILES TAX RETURNS. THESE TAX YEARS CORRESPOND TO THE CHARTER SCHOOL'S FISCAL YEAR WITH THE MOST RECENT BEING THE 18/19 SCHOOL YEAR. IT IS THE CHARTER SCHOOL'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. AS OF JUNE 30, 2020, THE CHARTER SCHOOL HAD NO ACCRUALS FOR INTEREST AND/OR PENALTIES. | ExplanationTxt |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, 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 EXPLICITLY STATED IN THE REGISTRATION APPLICATION AND OUR BROCHURE. |
| SCHEDULE E, 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 I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | COVID RELATED ASSISTANCE | GrantTypeTxt |
| Recipient | 30 | RecipientCnt |
| Cash Grant | $16,567 | CashGrantAmt |
| Valuation Method Used | FMV | ValuationMethodUsedDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE I, PAGE 4, PART IV | FormAndLineReferenceDesc |
| Explanation | BASED ON THE AVAILABILITY OF FUNDS FOR THE COVID EMERGENCY HARDSHIP, THE SCHOOL PROVIDED THESE GRANTS TO ELIGIBLE APPLICANTS BASED ON EMERGENCY FINANCIAL NEED USING HARDSHIP CRITERIA. APPLICATIONS WERE REVIEWED AND SCORED BY MANAGEMENT OF THE SCHOOL AND THEN RECOMMENDED FOR A GRANT. THE GRANT WAS THEN APPROVED BY SCHOOL LEADERSHIP. APPROPRIATE RECORDS ARE MAINTAINED REGARDING THE GRANT RECIPIENTS WHICH INCLUDE THE AMOUNT, PURPOSE, RECIPIENT INFORMATION, SELECTION CRITERIA AND FUNDING SOURCE OF THE GRANTS PROVIDED. GRANTS GIVEN DID NOT EXCEED 1,350. ONCE THE GRANTS WERE PROVIDED, MONITORING OF THE GRANTS WAS NOT CONSIDERED NECESSARY BASED ON THE NATURE OF THIS ASSISTANCE. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PETER ANDERSON | PersonNm |
| Title | HEAD OF SCHOOL | TitleTxt |
| Base Compensation Filing Org | $168,657 | BaseCompensationFilingOrgAmt |
| Deferred Compensation Flng Org | $6,843 | DeferredCompensationFlngOrgAmt |
| Nontaxable Benefits Filing Org | $5,858 | NontaxableBenefitsFilingOrgAmt |
| Total Compensation Filing Org | $181,358 | TotalCompensationFilingOrgAmt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DISTRICT OF COLUMBIA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 536001131 | BondIssuerEIN |
| Bond Issued | 2020-04-09 | BondIssuedDt |
| Issue Price | $14,500,000 | IssuePriceAmt |
| Purpose | REFINANCE LOANS | PurposeDesc |
| Defeased | false | DefeasedInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Pool Financing | false | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $73,416 | RetiredAmt |
| Total Proceeds | $14,500,000 | TotalProceedsAmt |
| Issuance Costs From Proceeds | $290,000 | IssuanceCostsFromProceedsAmt |
| Capital Expenditures | $400,221 | CapitalExpendituresAmt |
| Other Spent Proceeds | $13,809,779 | OtherSpentProceedsAmt |
| Substantial Completion | 2017 | SubstantialCompletionYr |
| Refunding Tax Exempt Bonds | false | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | false | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (true) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (true) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | false | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | false | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | false | MgmtContractBondFincdPropInd |
| Any Research Agreements | false | AnyResearchAgreementsInd |
| Bond Iss Meet Prvt Sec Pymt Test | false | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | false | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | false | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | false | Form8038TFiledInd |
| Rebate Not Due Yet | false | RebateNotDueYetInd |
| Exception To Rebate | Yes (true) | ExceptionToRebateInd |
| No Rebate Due | false | NoRebateDueInd |
| Variable Rate Issue | Yes (true) | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | Yes (true) | HedgeIdentifiedInBksAndRecInd |
Hedge Provider Name HedgeProviderName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TRUIST BANK | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 10.000000000000 | TermOfHedgePct |
| Superintegrated Hedge | false | SuperintegratedHedgeInd |
| Hedge Terminated | false | HedgeTerminatedInd |
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | false | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | false | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | false | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PURPOSE OF ISSUE DESCRIPTION | DISTRICT OF COLUMBIA REFINANCE LOANS |
| ADDITIONAL INFORMATION | DISTRICT OF COLUMBIA ON APRIL 9, 2020, THE DISTRICT OF COLUMBIA ISSUED AND SOLD REVENUE BONDS (WASHINGTON LATIN PUBLIC CHARTER SCHOOL PROJECT, SERIES 2020) TOTALING 14,500,000 TO TRUIST BANK, THE PROCEEDS OF WHICH WERE LOANED TO THE CHARTER SCHOOL FOR THE PURPOSE OF REFINANCING ALL EXISTING DEBT RELATED TO RENOVATING THE SCHOOL BUILDING LOCATED AT 5200 2ND STREET, NW, WASHINGTON, DC. THE PROCEEDS WERE USED TO EXTINGUISH THE TYPE A AND TYPE B QALICB LOANS FROM THE CDES AND A LOAN FROM BANK OF AMERICA IN THE TOTAL AMOUNT OF 13,809,779 AS WELL AS 290,000 OF THE CLOSING COSTS. IN ADDITION, A NET AMOUNT OF CASH IN THE AMOUNT OF 400,221 WAS TRANSFERRED TO THE CHARTER SCHOOL, WHICH WAS FOR REIMBURSEMENT OF QUALIFYING IMPROVEMENT COSTS. THE NOTE MATURES ON APRIL 1, 2050, AND IS CALLABLE BY TRUIST BANK ON APRIL 1, 2030. INTEREST AND PRINCIPAL PAYMENTS ARE MADE ON A MONTHLY BASIS. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 2, PART III, LINE 2 | COVID EMERGENCY HARDSHIP FUNDS WERE PROVIDED TO STUDENTS AND FAMILIES OF THE SCHOOL WHO WERE IN NEED OF FINANACIAL ASSISTANCE DURING THE COVID PANDEMIC. THE SCHOOL MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNT OF GRANTS OR ASSISTANCE PROVIDED. THE SCHOOL ALSO HAS ESTABLISHED ELIGIBILITY REQUIREMENTS AND SELECTION CRITERIA FOR THE GRANTS OR ASSISTANCE PROVIDED. |
| FORM 990, PAGE 2, PART III, LINE 4A | WASHINGTON LATIN PCS PROVIDES A CHALLENGING, CLASSICAL EDUCATION FOR THE MODERN WORLD THAT IS ACCESSIBLE TO STUDENTS IN GRADES 5-12 THROUGHOUT THE DISTRICT OF COLUMBIA. THE CHARTER SCHOOL WAS FOUNDED IN 2005 ON THE BELIEF THAT ALL STUDENTS DESERVE A QUALITY EDUCATION THAT GOES BEYOND PREPARATION AND FOCUSES ON DEVELOPING KNOWLEDGE, UNDERSTANDING AND HUMANITY. OUR ESSENTIAL CHARACTERISTICS INCLUDE OUR CLASSICAL CURRICULUM, TOP NOTCH FACULTY, SMALL CLASSES, AND CLOSE-KNIT COMMUNITY OF DIVERSE STUDENTS AND FACULTY. LATIN WASHINGTON OPENED ITS DOORS TO 179 STUDENTS IN 2006. IN EACH OF THE NEXT FIVE YEARS, THE SCHOOL ADDED A GRADE UNTIL REACHING THE FULL COMPLEMENT OF GRADES 5-12 IN 2011-12. THE CHARTER SCHOOL PRESENTLY SERVES A DIVERSE GROUP OF STUDENTS FROM ALL EIGHT WARDS OF DC. WASHINGTON LATIN BELIEVES THAT A HIGH CALIBER CLASSICAL EDUCATION SHOULD BE AVAILABLE TO ALL PUBLIC SCHOOL STUDENTS AND THAT EVERY YOUNG PERSON CAN LEARN AND DESERVES GREAT TEACHERS. THE CLASSICAL MODEL OF EDUCATION AT WASHINGTON LATIN BRINGS TOGETHER THE TIMELESS TRUTHS OF GREECE AND ROME WITH THE STUDY OF CONTEMPORARY ISSUES. WASHINGTON LATIN FOCUSES ON THREE CLASSICAL LEGACIES: EDUCATION FOR CITIZENSHIP IN A DEMOCRACY, THE LATIN LANGUAGE, AND PUBLIC ORATORY. THESE ARE IMPARTED THROUGH BOTH ANCIENT TEACHING METHODS SUCH AS SOCRATIC SEMINARS AND CONTEMPORARY APPROACHES, SUCH AS CURRENT TECHNOLOGY AND INNOVATIVE LEARNING PRACTICES. IN ADDITION, EACH STUDENT IS REQUIRED TO COMPLETE THREE HIGH SCHOOL LEVELS OF LATIN AND TWO OF FRENCH, CHINESE, OR ARABIC. THIS REQUIREMENT IS DESIGNED TO FOSTER THE STUDENT'S UNDERSTANDING OF OTHER CULTURES AND TO PREPARE EACH STUDENT FOR SUCCESS IN THE GLOBAL ENVIRONMENT. THE LINK BETWEEN THE ACADEMIC AND MORAL REALMS OF EDUCATION LIES AT THE HEART OF THE CLASSICAL TRADITION. WASHINGTON LATIN HOLDS HIGH EXPECTATIONS FOR ITS STUDENTS IN THEIR ACADEMIC PERFORMANCE, AS WELL AS THEIR PERSONAL AND COMMUNITY BEHAVIOR. THEY LEARN TO ASK "ESSENTIAL QUESTIONS," ENGAGE IN DIFFICULT DISCUSSIONS, INFORM THEMSELVES ABOUT POSSIBLE OPTIONS, ACT ON THEIR DECISIONS, AND OWN THE CONSEQUENCES: ALL CRITICAL STEPS TO BECOMING RESPONSIBLE CITIZENS. A RELATED COMPONENT OF OUR CLASSICAL APPROACH IS TO EDUCATE STUDENTS TO BECOME PART OF THE SCHOOL COMMUNITY. WE ENCOURAGE ALL TO CARE FOR AND RESPECT ONE ANOTHER UNDER THE MANTRA "WORDS MATTER." TO FOSTER THIS, WE GATHER THE SCHOOL COMMUNITY REGULARLY IN ASSEMBLIES THAT FOCUS ON OUR VALUES, PRAISE STUDENT ACHIEVEMENT, AND RECOGNIZE EACH OTHER'S GROWTH AND HARD WORK, ESSENTIAL TO CREATING OUR CULTURE OF COMMUNITY SUPPORT AND SHARED RESPONSIBILITY. OUR TOP NOTCH FACULTY IS THE SINGLE MOST IMPORTANT REASON FOR OUR CHARTER SCHOOL'S SUCCESS AND ALLOWS FOR A PERSONAL, SUPPORTIVE AND CHALLENGING ENVIRONMENT. THE ONLY WAY TO BRING STUDENTS ALONG ON THEIR OWN PATH OF EDUCATION IS TO KNOW THEM. WE INSIST ON SMALL CLASS SIZES AND AN ACTIVE ADVISORY PROGRAM TO ALLOW TEACHERS TO KNOW THEIR STUDENTS AS ADOLESCENTS AND AS LEARNERS. ACCESSIBILITY TO THE SCHOOL FACILITY, ITS FACULTY AND STAFF, AND ITS COURSES OF STUDY IS WOVEN INTO WASHINGTON LATIN'S CULTURE. SINCE ITS OPENING, THE CHARTER SCHOOL HAS REACHED THESE IMPORTANT MILESTONES: O ENROLLMENT HAS GROWN TO OVER 730 STUDENTS AT GRADE LEVELS 5-12 AND WE HAVE SERVED MORE THAN 1,500 STUDENTS OVERALL. THE SCHOOL IS IN HIGH DEMAND FROM STUDENTS WHO WISH TO ENROLL, AND OUR WAITLIST REGULARLY NUMBERS OVER 1,000. O EVERY YEAR SINCE IT OPENED, THE SCHOOL HAS ENROLLED STUDENTS FROM ALL EIGHT WARDS. OUR STUDENT BODY IS DIVERSE, AND OUR RACIAL DEMOGRAPHICS MATCH THOSE OF THE CITY. O WE HAVE BEEN RATED TIER 1 BY THE PUBLIC CHARTER SCHOOL BOARD EACH YEAR SINCE THE BOARD BEGAN USING THE PERFORMANCE MANAGEMENT FRAMEWORK TO MEASURE CHARTER SCHOOL QUALITY. O OUR FIRST CLASS GRADUATED IN 2012, AND EIGHT OTHERS HAVE FOLLOWED. IN BOTH 2012 AND 2013, OUR FIRST TWO GRADUATING CLASSES HAD THE HIGHEST GRADUATION RATES (93% AND 96%) OF ANY NON-SELECTIVE PUBLIC SCHOOL IN THE DISTRICT. OUR AVERAGE GRADUATION RATE IS 86%. O APPROXIMATELY 86% OR MORE OF EACH SENIOR CLASS HAS BEEN ACCEPTED TO COLLEGE. OUR ALUMNI HAVE RECEIVED MORE THAN 27 MILLION IN SCHOLARSHIPS, INCLUDING SEVEN POSSE SCHOLARS, TWO CHILDREN'S DEFENSE FUND BEAT THE ODDS SCHOLARS, THREE GEORGE WASHINGTON UNIVERSITY TRACHTENBERG SCHOLARS, A HERBERT H. DENTON JR. SCHOLAR, AND A GATES MILLENNIUM SCHOLARSHIP FINALIST. THREE OF OUR GRADUATES HAVE BEEN ACCEPTED TO MILITARY ACADEMIES, INCLUDING THE U.S. COAST GUARD, U.S. AIR FORCE, AND WEST POINT. IN THE MOST RECENT DC-WIDE STANDARDIZED TESTING (PARCC ASSESSMENT, ADMINISTERED EACH SPRING), WASHINGTON LATIN STUDENTS SCORED AT OR NEAR THE TOP OF BOTH ENGLISH/LANGUAGE ARTS (ELA) AND MATHEMATICS TESTS. IN FACT, OUR ELA SCORES WERE THE HIGHEST OF ANY NONSELECTIVE DCPS OR PUBLIC CHARTER SCHOOL IN THE DISTRICT. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE ACCOUNTING STAFF AND DIRECTOR OF FINANCE REVIEWS THE DRAFT FORM 990 INFORMATION TAX RETURN, AS PREPARED BY THE ACCOUNTANTS/AUDITORS. ONCE REVIEWED, THE 990 TAX RETURN IS FORWARDED TO THE FINANCE COMMITTEE AND THE AUDIT COMMITTEE FOR REVIEW AND THEY RECOMMEND IT TO THE FULL BOARD OF GOVERNORS FOR ACCEPTANCE. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE CONFLICT OF INTEREST POLICY IS CONSTANTLY MONITORED BY ADMINISTRATION PERSONNEL AND THE BOARD OF DIRECTORS THROUGH REVIEW AND APPROVAL PROCEDURES. ANNUALLY, BOARD MEMBERS AND STAFF COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS OR CIRCUMSTANCES WHICH THE BOARD OF GOVERNORS OR STAFF MEMBER BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE HEAD OF SCHOOL'S SALARY IS SET FORTH IN AN EMPLOYMENT CONTRACT, WHICH WAS NEGOTIATED BY THE BOARD PRESIDENT AT THE TIME THE HEAD OF SCHOOL WAS HIRED. A COMMITTEE OF THE BOARD REVIEWED AND APPROVED THE COMPENSATION USING BENCHMARK SALARY AND BENEFITS DATA PROVIDED BY CONSULTANTS. |
| FORM 990, PAGE 6, PART VI, LINE 15B | THE PROCESS FOR DETERMINING COMPENSATION FOR TOP OFFICIALS AND OTHER OFFICERS WAS APPROVED BY THE BOARD IN FEBRUARY 2018. THE BOARD APPROVED A SALARY FRAMEWORK RECOMMENDED BY A THIRD PARTY COMPENSATION CONSULTANT AFTER CONDUCTING A COMPENSATION STUDY ON SALARIES FROM OTHER COMPARABLE CHARTER SCHOOLS. WITHIN THIS FRAMEWORK, THE HEAD OF SCHOOL DETERMINES THE SALARY OF TOP KEY OFFICIALS AND OFFICERS UNDER HIS SUPERVISION. |
| FORM 990, PAGE 6, PART VI, LINE 19 | ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE FORWARDED TO THE DISTRICT OF COLUMBIA PUBLIC CHARTER SCHOOL BOARD, WHICH PROVIDES OVERSIGHT AND DISTRIBUTION OF RELEVANT INFORMATION TO THE PUBLIC. THE FORM 990 IS MADE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND UPON REQUEST. IN ADDITION, THE 990 INFORMATION TAX RETURN IS AVAILABLE FOR PUBLIC INSPECTION ON GUIDESTAR. |
| FORM 990, PART VIII | IN ACCORDANCE WITH THE TERMS OF THE NEW MARKET TAX CREDIT PROGRAM, THE CHARTER SCHOOL HAD 4,260,000 OF DEBT FORGIVEN DURING THE YEAR. |
| FORM 990, PART XI, LINE 9 | CHANGE IN FV OF INTEREST RATE SWAP -510,821 |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LATIN RUDOLPH QALICB LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5200 2ND STREET NW | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20011 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 900924472 | EIN |
| Primary Activities | REAL ESTAT | PrimaryActivitiesTxt |
| Legal Domicile State | DC | LegalDomicileStateCd |
| Total Income | $4,260,819 | TotalIncomeAmt |
| Direct Controlling NA | N/A | DirectControllingNACd |