2020-07-01T12:32:44-05:00 2019-06-30 420714325 RSM US LLP 9801 WASHINGTONIAN BLVD STE 500 GAITHERSBURG MD 20878 990 2018-07-01 522099612 THE SEED PUBLIC CHARTER SCHOOL OF WASHINGTON DC SEED 2022487773 4300 C STREET SE WASHINGTON DC 20019 KEN ARNDT MANAGING DIRECTOR 2022487773 2020-06-30 1 WILLIAM E TURCO CPA P00369217 3012963600 66.98.98.8 2020-06-30 12:13:14 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 00BFBB601F26E6691F3C42FDB75EEBE807206D5E 2018 2020-11-06 18:47:13Z MECHA INMAN 4300 C STREET SE WASHINGTON DC 20019 14814503 0 X WWW.SEEDSCHOOLDC.ORG X 1998 DC THE SEED PUBLIC CHARTER SCHOOL OF WASHINGTON, DC IS A PUBLIC COLLEGE-PREPARATORY BOARDING SCHOOL WHOSE PRIMARY MISSION IS TO PROVIDE AN OUTSTANDING INTENSIVE EDUCATIONAL PROGRAM THAT PREPARES CHILDREN, BOTH ACADEMICALLY AND SOCIALLY, FOR SUCCESS IN COLLEGE. 10 10 173 40 0 0 788271 835206 16971060 13776726 59537 44415 346407 158156 18165275 14814503 0 0 0 0 10018598 9323779 0 0 99663 6632611 5640008 16651209 14963787 1514066 -149284 22447534 22148238 3434073 3223871 19013461 18924367 THE SEED PUBLIC CHARTER SCHOOL OF WASHINGTON, DC IS A PUBLIC COLLEGE-PREPARATORY BOARDING SCHOOL WHOSE PRIMARY MISSION IS TO PROVIDE AN OUTSTANDING INTENSIVE EDUCATIONAL PROGRAM THAT PREPARES CHILDREN, BOTH ACADEMICALLY AND SOCIALLY, FOR SUCCESS IN COLLEGE. 0 0 13335131 13776726 PROVIDE OUTSTANDING INTENSIVE RESIDENTIAL EDUCATION PROGRAM THAT PREPARES CHILDREN, BOTH ACADEMICALLY AND SOCIALLY, FOR SUCCESS IN COLLEGE. 13335131 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 36 0 1 173 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 DC X X KEN ARNDT 2022487773 4300 C STREET SE WASHINGTON DC 20019 DESA SEALY CHAIRMAN 2.00 X X 0 0 0 HUCK O'CONNER FINANCE CHAIR 1.00 X 0 0 0 RAJIV VINNAKOTA CO-FOUNDER 1.00 X 0 0 0 DAVID STEINBERG DEVELOPMENT COMMITTEE CHAIR 1.00 X 0 0 0 MARINA OTTAWAY EXEC. COMMITTEE CHAIR THRU 6/7/2019 1.00 X 0 0 0 VASCO FERNANDES BOARD MEMBER 1.00 X 0 0 0 LEN ARMSTRONG BOARD MEMBER 1.00 X 0 0 0 KEN SLAUGHTER BOARD MEMBER 1.00 X 0 0 0 JOSEPH WRIGHT BOARD MEMBER 1.00 X 0 0 0 DENNIS CHESTNUT PARENT TRUSTEE 1.00 X 0 0 0 TASHA POULSON PARENT TRUSTEE 1.00 X 0 0 0 MECHA INMAN HEAD OF SCHOOL 40.00 X 210212 0 6306 KEN ARNDT MANAGING DIRECTOR 40.00 X 175088 0 20132 QUINHON SCOTT PRINCIPAL 40.00 X 149705 0 4678 STACEY PEARL ASSISTANT HEAD OF SCHOOL 40.00 X 116289 0 15829 RASHIDA HOLMAN-JONES DIRECTOR OF FACE 40.00 X 106221 0 11261 757515 0 58206 5 0 1 0 MERIWETHER GODSEY 4944 OLD BOOSBORO ROAD LYNCHBURG VA 24503 FOOD SERVICES (CAFETERIA) 893221 A & D SECURITY 10705 ALYSSA LANE WALDORF MD 20603 SECURITY SERVICES 364698 BOLONA CAPITAL ENTERPRISE INC 4645 NANNIE HELEN BURR 206 WASHINGTON DC 20019 CUSTODIAL 277949 VENABLE LLP 600 MASSACHUSETTS AVENUE NW WASHINGTON DC 20001 LEGAL SERVICES 209345 ALIGN STAFFING 111 K ST NE WASHINGTON DC 20002 TEMPORARY STAFFING (TEACHERS) 204966 5 589215 245991 835206 PUPIL ALLOCATIONS 900099 13776726 13776726 13776726 44415 44415 845 0 845 845 MEDICAID REIMBURSEMENT 900099 122253 122253 OTHER INCOME 900099 35058 35058 157311 14814503 13776726 0 202571 413733 379321 31052 3360 7203567 6601837 543084 58646 165211 152343 11578 1290 939876 866671 65864 7341 601392 554551 42144 4697 446084 446084 58740 58740 112336 112336 1134179 1083908 45197 5074 263392 245376 16198 1818 656427 603340 47728 5359 43801 43801 113582 113582 137712 126576 10012 1124 1085082 997341 78885 8856 153204 153204 STUDENT MEALS 915842 915842 OTHER EXPENSES 258359 236170 20091 2098 CHARTER SCHOOL FEE 145646 145646 DIRECT STUDENT EXPENSES 115622 115622 14963787 13335131 1528993 99663 3462444 3697143 1570621 1578735 428786 310042 132593 186108 136534 201913 32106432 17041822 15703362 15064610 1013194 1109687 22447534 22148238 596556 682753 2825000 2525000 12517 16118 3434073 3223871 X 18012879 17963441 900582 860926 100000 100000 19013461 18924367 22447534 22148238 -149284 60190 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 100000 750 1750 99000 100000 4000 254 3254 101000 100000 198 198 100000 100000 152 152 100000 100000 114 114 100000 1.00000 0 0 25696507 11542209 14154298 2093148 1954515 138633 4316777 3545098 771679 15064610 DUE TO THE SEED FOUNDATION, INC. 16118 16118 X 14874693 60190 60190 14814503 0 14814503 14963787 0 14963787 0 14963787 PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS ARE RESTRICTED TO INVESTMENT IN PERPETUITY. INVESTMENT INCOME IS RESTRICTED FOR OTTAWAY SCHOLARSHIP. PART X, LINE 2: THE SCHOOL IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION. UNDER SECTION 501(C)(3) OF THE IRC, THE SCHOOL IS EXEMPT FROM FEDERAL TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. THE SCHOOL DID NOT HAVE ANY NET UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2019 AND 2018. THE SCHOOL FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE SCHOOL MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, BASED UPON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAS TAKEN NO UNCERTAIN POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL SHALL ADMIT STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN. IT WILL NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL AND ETHNIC ORIGIN IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSIONS, OR ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS. SCHEDULE E, PART I, LINE 6 THE SEED PUBLIC CHARTER SCHOOL OF WASHINGTON, DC WAS ORGANIZED FOR THE PURPOSE OF OPERATING A PUBLIC CHARTER SCHOOL FOR EDUCATIONALLY UNDERSERVED CHILDREN RESIDING IN WASHINGTON, D.C. THE SEED PUBLIC CHARTER SCHOOL OF WASHINGTON, DC RECEIVES A STUDENT ALLOCATION FROM THE DISTRICT OF COLUMBIA TO COVER THE COST OF ACADEMIC AND FACILITIES EXPENSES. X X 0 0 0 0 0 0 0 0 0 MECHA INMAN HEAD OF SCHOOL 210212 0 0 0 0 0 6306 0 0 0 216518 0 0 0 KEN ARNDT MANAGING DIRECTOR 175088 0 0 0 0 0 5370 0 14762 0 195220 0 0 0 QUINHON SCOTT PRINCIPAL 149705 0 0 0 0 0 4493 0 185 0 154383 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO THE FILING OF THE FORM 990 THE CHAIRMAN OF THE FINANCE COMMITTEE ALONG WITH MEMBERS OF THE FINANCE COMMITTEE WILL REVIEW THE TAX RETURN VIA ELECTRONIC FORM OR PAPER COPY. SENIOR MANAGEMENT WILL WAIT ON THE RESPONSE OF THE CHAIRMAN OF THE FINANCE COMMITTEE ONCE THE REVIEW IS COMPLETED. A COPY OF THE FORM 990 WILL BE PROVIDED TO THE COMPLETE ENTIRE VOTING BOARD OF DIRECTORS PRIOR TO THE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES OF THE SEED SCHOOL OF WASHINGTON, D.C. ("SCHOOL") HAVE ADOPTED THE FOLLOWING POLICY TO ASSURE THAT ALL DELIBERATIONS AND ACTIONS OF THE BOARDS AND OFFICERS ARE UNDERTAKEN IN A MANNER THAT IS FREE OF CONFLICTS OF INTERESTS AND THE APPEARANCE OF CONFLICTS OF INTEREST SO THAT TRUSTEES AND OFFICERS CAN ACT IN A MANNER THAT IS IN THE BEST INTERESTS OF THE SCHOOL, THE SCHOOL'S PARENT AND/OR ANY SEED SPONSORED ENTITY. THIS POLICY IS INTENDED TO SUPPLEMENT BUT NOT REPLACE ANY STATE LAWS APPLICABLE TO NONPROFIT CORPORATIONS. THE POLICY SET FORTH IN THIS STATEMENT IS APPLICABLE TO ALL MEMBERS OF THE SCHOOL BOARD, MEMBERS OF COMMITTEES WITH BOARD-DELEGATED POWERS, AND ALL OFFICERS OF THE SCHOOL DURING THE PERIOD THAT THEY SERVE IN SUCH CAPACITY AND FOR A PERIOD OF ONE YEAR THEREAFTER ("COVERED PERSONS"). EACH COVERED PERSON HAS A DUTY TO PLACE THE INTERESTS OF THE SCHOOL, SCHOOL'S PARENT OR ANY SEED SPONSORED ENTITY FOREMOST IN ANY DELIBERATIONS, DECISIONS OR TRANSACTIONS INVOLVING THE SCHOOL. IF A COVERED PERSON, OR HIS OR HER FAMILY, HAS A CONFLICT OF INTEREST OR A POTENTIAL CONFLICT OF INTEREST WITH RESPECT TO A PARTICULAR TRANSACTION OR ON AN ONGOING BASIS, THE COVERED PERSON HAS A DUTY TO DISCLOSE THE CONFLICT OR POTENTIAL CONFLICT OF INTEREST. A COVERED PERSON BELIEVES THAT HE OR SHE MAY HAVE A CONFLICT OF INTEREST WITH RESPECT TO ANY PARTICULAR TRANSACTION OR ON AN ONGOING BASIS, HE OR SHE SHALL PROMPTLY AND FULLY DISCLOSE THE POTENTIAL CONFLICT TO THE CHAIR OF THE BOARD OF TRUSTEES AND THE HEAD OF SCHOOL. THE CHAIR AND HEAD OF SCHOOL SHALL DETERMINE WHETHER THERE IS IN FACT A CONFLICT OR APPEARANCE OF A CONFLICT WITH RESPECT TO A COVERED PERSON. IN DETERMINING WHETHER THERE IS A CONFLICT OR APPEARANCE OF A CONFLICT, IT IS INTENDED THAT THE CHAIR AND HEAD OF SCHOOL WILL EXERCISE THEIR BEST JUDGMENT AND, IN CASE OF DOUBT, WILL ERR ON THE SIDE OF PROTECTING THE SCHOOL FROM ANY CONFLICT OR APPEARANCE OF CONFLICT. EACH COVERED PERSON SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: 1.HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY; 2.HAS READ AND UNDERSTANDS THE POLICY; 3.HAS AGREED TO COMPLY WITH THE POLICY; AND 4.UNDERSTANDS THAT THE SCHOOL IS A CHARITABLE ORGANIZATIONS AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL WAS HIRED FOLLOWING A SIX MONTH SEARCH LED BY AN EXECUTIVE RECRUITING FIRM. HIRING DECISION AND COMPENSATION DECISIONS WERE MADE BY A SPECIAL COMMITTEE OF THE BOARD OF TRUSTEES THAT WAS SUPPORTED BY THE CHIEF OPERATING OFFICER OF THE SEED FOUNDATION (RELATED ENTITY) AND THE EXECUTIVE RECRUITING FIRM. INITIAL SALARY LEVEL FOR THE POSITION WAS DETERMINED BASED ON THE SALARIES OF PRIOR HEADS OF SCHOOL AS WELL AS BASED ON THE CANDIDATE EXPERIENCE. OTHER COMPENSATION WAS CONSISTENT WITH EXISTING SCHOOL BENEFITS PACKAGES. THE MANAGING DIRECTOR WAS HIRED FOLLOWING AN EXTENSIVE RECRUITING AND SEARCH PROCESS. THE PROCESS OF CREATING THE POSITION, DETERMINING SALARY, INTERVIEWING AND HIRING INVOLVED A BROAD GROUP OF EXECUTIVE AND BOARD-LEVEL LEADERSHIP INCLUDING THE CHAIRMAN OF THE SCHOOL BOARD OF TRUSTEES, THE CHIEF OPERATING OFFICER OF THE SEED FOUNDATION, OTHER MEMBERS OF THE BOARD OF TRUSTEES, AND THE HEAD OF SCHOOL. SALARY LEVEL FOR THE POSITION WAS DETERMINED BASED ON MARKET RATES FOR COMPARABLE POSITIONS, SCHOOL BUDGET, POSITION RESPONSIBILITY AND CANDIDATE EXPERIENCE. OTHER COMPENSATION WAS CONSISTENT WITH EXISTING SCHOOL BENEFITS PACKAGES. THE DIRECTOR OF FINANCE WAS HIRED FOLLOWING AN EXTENSIVE SEARCH BY A RECRUITING FIRM. THE SALARY WAS DETERMINED BY THE MANAGING DIRECTOR AND HEAD OF SCHOOL BASED ON THE MARKET RATES FOR COMPARABLE POSITIONS, SCHOOL BUDGET, POSITION RESPONSIBILITY AND CANDIDATE EXPERIENCE. OTHER COMPENSATION WAS CONSISTENT WITH EXISTING SCHOOL BENEFITS PACKAGES. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). THE SEED FOUNDATION INC 1776 MASSACHUSETTS AVENUE NW SUITE WASHINGTON DC 20036 541850819 DEVELOP INNOVATIVE EDUCATIONAL OPPORTUNITIES DC 501(C)(3) LINE 7 N/A 0 THE SEED SCHOOL OF MARYLAND 200 FONT HILL AVENUE BALTIMORE MD 212232703 061818759 BOARDING SCHOOL MD 501(C)(3) LINE 2 THE SEED FOUNDATION INC 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0