2020-05-11T18:13:22-05:00 2019-06-30 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2018-07-01 020550253 DC PREPARATORY ACADEMY DCPR 2026354590 707 EDGEWOOD STREET NE WASHINGTON DC 20017 LAURA MAESTAS CHIEF EXECUTIVE OFFICER 2026354590 2020-05-11 1 FRANK H SMITH P00639053 2022274000 2020-05-11 144.121.95.190 2020-05-11 17:34:48 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 33CEB46A86D76047C0BD9B67CEFA7EE41671BAE1 2018 2021-01-29 14:40:06Z LAURA MAESTAS 707 EDGEWOOD STREET NE WASHINGTON DC 20017 43546114 0 X WWW.DCPREP.ORG X 2001 DC DC PREP IS A NETWORK OF PUBLIC CHARTER SCHOOLS SERVING STUDENTS IN WASHINGTON, DC. 12 12 481 85 0 -250 37734403 41519296 1579394 1677513 126891 315563 245380 33742 39686068 43546114 8500 175149 0 0 26794762 28902498 0 0 296074 12651150 13737165 39454412 42814812 231656 731302 80387901 80940475 66762282 66555690 13625619 14384785 X DC 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. 0 0 36419547 175149 1677513 D.C. PREPARATORY ACADEMY'S (DC PREP) MISSION IS TO BRIDGE THE EDUCATIONAL DIVIDE IN THE NATION'S CAPITAL BY INCREASING THE NUMBER OF STUDENTS FROM UNDERSERVED COMMUNITIES WITH THE ACADEMIC PREPARATION AND PERSONAL CHARACTER TO SUCCEED IN COMPETITIVE HIGH SCHOOLS AND COLLEGES. DC PREP CURRENTLY OPERATES FIVE TUITION-FREE PUBLIC CHARTER SCHOOLS THAT ARE OPEN TO ANY CHILD IN WASHINGTON, ENROLLING MORE THAN 2,000 STUDENTS IN GRADES PRESCHOOL THROUGH 8TH GRADE. HISTORICALLY, 98% OF DC PREP STUDENTS ARE AFRICAN-AMERICAN AND 2% ARE HISPANIC; OVER 80% OF STUDENTS LIVE IN POVERTY, AS MEASURED BY ELIGIBILITY FOR FREE/REDUCED PRICE MEALS.PARTNERSHIP FOR ASSESSMENT OF COLLEGE AND CAREER READINESS (PARCC) IS THE ANNUAL EDUCATIONAL ASSESSMENT THAT MEASURES PUBLIC SCHOOL STUDENTS' PROGRESS TOWARD MASTERY OF THE COMMON CORE STATE STANDARDS, AND IS CONSIDERED A RELIABLE PREDICTOR OF COLLEGE AND CAREER READINESS. PARCC EVALUATES EACH STUDENT'S PERFORMANCE ON A 5-POINT SCALE, WITH LEVEL 4+ DEMONSTRATING PROFICIENCY. BASED ON PARCC PROFICIENCY LEVELS, DC PREP CONTINUES TO BE THE HIGHEST-PERFORMING NETWORK OF PUBLIC CHARTER SCHOOLS IN WASHINGTON FOR THE EIGHTH CONSECUTIVE YEAR. IN ADDITION, FOR THE FIFTH YEAR IN A ROW, DC PREP HAS THE HIGHEST COMBINED ELA AND MATH PROFICIENCY IN THE CITY FOR STUDENTS IN THE ECONOMICALLY-DISADVANTAGED SUBGROUP - THE VERY CHILDREN IT IS OUR MISSION TO SERVE.EVEN MORE IMPORTANT, AND ALIGNED WITH DC PREP'S MISSION, 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 97%, SIGNIFICANTLY HIGHER THAN THE DCPS AVERAGE OF 65% AND THE NATIONAL AVERAGE OF 83%. IN ADDITION, OUR STUDENTS GRADUATE FROM COLLEGE AT ROUGHLY 3X THE RATE OF THEIR PEERS NATIONALLY (27% OF OUR 2009 8TH GRADERS HAVE NOW GRADUATED FROM COLLEGE VS 11% OF STUDENTS FROM FAMILIES IN THE BOTTOM 40% OF HOUSEHOLD WEALTH); 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.ULTIMATELY, DC PREP HOPES TO PLAY A MAJOR ROLE IN IMPROVING PUBLIC EDUCATION IN DC AND IN THE COUNTRY. WE ARE PARTICULARLY COMMITTED TO SERVING THE STUDENTS OF WASHINGTON DC'S WARDS 5, 7 & 8. CHILDREN IN THESE WARDS HAVE HISTORICALLY HAD ACCESS TO FEWER HIGH-QUALITY PUBLIC SCHOOL OPTIONS - AN UNACCEPTABLE BARRIER TO OPPORTUNITY. WE BELIEVE THAT ALL STUDENTS HAVE A RIGHT TO A GREAT EDUCATION AND THAT, WITH ACCESS TO EFFECTIVE SCHOOLS, ALL STUDENTS CAN ACHIEVE GREAT OUTCOMES. WE BELIEVE THAT OUR WORK DEMONSTRATES EXACTLY THAT. 36419547 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 92 0 1 481 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DANIEL ENGLENDER 2026354590 707 EDGEWOOD STREET NE WASHINGTON DC 20017 MICHELA ENGLISH CHAIR 5.00 X X 0 0 0 BRIAN JONES VICE CHAIR 1.00 X X 0 0 0 ARTHUR MCKEE TREASURER 1.00 X X 0 0 0 VALERIE ROCKEFELLER WAYNE SECRETARY 1.00 X X 0 0 0 JENNY ABRAMSON DIRECTOR 1.00 X 0 0 0 TEARSA COATES DIRECTOR 1.00 X 0 0 0 CHARIS DRANT DIRECTOR 1.00 X 0 0 0 JUDY KOVLER DIRECTOR 1.00 X 0 0 0 MAURA MARINO DIRECTOR 1.00 X 0 0 0 FRENNIE NIXON DIRECTOR 1.00 X 0 0 0 LARRY NUSSDORF DIRECTOR 1.00 X 0 0 0 CAROL PENSKY DIRECTOR 1.00 X 0 0 0 EMILY K LAWSON FOUNDER AND CEO, DIRECTOR - UNTIL 11/2018 40.00 2.00 X X 173638 0 19491 LAURA MAESTAS CHIEF EXECUTIVE OFFICER 40.00 X 153535 0 8832 DANIEL ENGLENDER CHIEF OPER OFFICER & CHIEF FINANCIAL OFFICER 40.00 2.00 X 153954 0 13965 KATIE SEVERN PRESIDENT AND ACADEMIC OFFICER 40.00 X 218721 0 16341 TARA O'FLAHERTY SENIOR DIRECTOR OF SCHOOLS 40.00 X 152432 0 14389 CASSIE PERGAMENT SENIOR DIRECTOR OF PROGRAM 40.00 X 139375 0 13462 ELIZABETH IBBY JEPPSON CHIEF DEVELOPMENT OFFICER 40.00 X 135142 0 6218 ERIN WALDRON PRINCIPAL 40.00 X 132369 0 12808 MAURA ENGLENDER PRINCIPAL 40.00 X 131871 0 12853 1391037 0 118359 9 0 1 0 MCN BUILD LLC 1214 28TH STREET NW WASHINGTON DC 20007 CONSTRUCTION SERVICES 1515776 REVOLUTION FOODS PO BOX 742759 LOS ANGELES CA 90074 FOOD SERVICES 1013515 END-TO-END SOLUTIONS FOR SPECIAL ED 714 G STREET SE 201 WASHINGTON DC 20003 SPECIAL EDUCATION SERVICES 686622 PMM COMPANIES 15938 DERWOOD ROAD ROCKVILLE MD 20855 JANITORIAL AND FACILITIES MGMT. 649767 EDOPS 1611 CONNECTICUT AVE NW SUITE 20 WASHINGTON DC 20009 ACCOUNTING AND FACIL. SUPP. SERVICES 284783 8 40207518 1311778 16088 41519296 CAFETERIA REVENUE 900099 897807 897807 PARENT PAYMENTS 900099 295707 295707 CHILD DEVELOPMENT CNTR 900099 245914 245914 TANF PROGRAM 900099 144426 144426 E-RATE PROGRAM 900099 71659 71659 22000 22000 1677513 315563 315563 MISCELLANEOUS 900099 33742 33742 33742 43546114 1677513 0 349305 175000 175000 149 149 730047 103876 596027 30144 23814610 20604478 3113100 97032 531097 438766 88910 3421 1931402 1681353 243028 7021 1895342 1611219 275017 9106 168317 19667 148650 521677 521677 25189 1998 23191 592707 414895 88907 88905 166571 140780 24941 850 4200046 4151325 32131 16590 2460971 2295166 162031 3774 205723 173869 30804 1050 DIRECT STUDENT COSTS 3507278 3507278 DUES/FEES/FINES 519988 431704 86524 1760 PROF. DEVELOPMENT 424818 237997 177436 9385 STAFF RELATED EXPENSES 407693 315324 88524 3845 536187 116701 419486 42814812 36419547 6099191 296074 16016545 15650840 1674530 3671657 536103 598589 634360 1670403 364951 363066 73719973 14981197 60903456 58738776 257956 247144 80387901 80940475 2397078 2434560 33745 33745 12074983 10595000 52256476 53492385 66762282 66555690 X 12458109 13587108 1167510 797677 13625619 14384785 80387901 80940475 X 731302 -22354 50218 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 1 2278 0 0 2278 0 PART II-B, LINE 1: IN FY19, DC PREP ENGAGED IN THE FOLLOWING GRASSROOTS LOBBYING ACTIVITIES TO INFLUENCE LOCAL EDUCATION LEGISLATION AND INITIATIVES: TESTIFIED IN FRONT OF THE D.C. COUNCIL EDUCATION COMMITTEE REGARDING THE CITY'S EDUCATION BUDGET; TESTIFIED IN FRONT OF THE D.C. COUNCIL EDUCATION COMMITTEE REGARDING THE CITY'S AT-RISK FUNDING; TESTIFIED IN FRONT OF THE D.C. COUNCIL COMMITTEE ON HEALTH REGARDING THE STATE OF SCHOOL-BASED MENTAL HEALTH SERVICES. DC PREP, ALONG WITH OTHER SCHOOL LEADERS, TESTIFIED TO THE DC COUNCIL TO ADVOCATE FOR OUT-OF-SCHOOL TIME FUNDING, AT-RISK FUNDING, AND HELPED COORDINATE CONVERSATIONS ABOUT RELEASING UNUSED BUILDINGS FOR CHARTER USE. DC PREP ALSO MET WITH FAMILIES AND STAFF TO DISCUSS CONCERNS ABOUT GUN VIOLENCE, AND HOSTED A COMMUNITY EVENT ON THIS TOPIC FEATURING SECRETARY DUNCAN. AT THE COMMUNITY MEETING, DC PREP COLLECTED SIGNATURES FOR A GUN VIOLENCE PETITION THAT WAS LATER SUBMITTED TO MAYOR BOWSER. 2902620 2902620 40543720 6742684 33801036 26835046 5385546 21449500 3438587 2852967 585620 58738776 X PART X, LINE 2: DC PREP PERFORMED AN EVALUATION OF UNCERTAINTY IN INCOME TAXES FOR THE YEARS ENDED JUNE 30, 2019 AND 2018, 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 IN ALL MATERIALS, DC PREP IS DESCRIBED AS A PUBLIC SCHOOL, OPEN TO ALL ON A SPACE-AVAILABLE BASIS. SCHEDULE E, PART I, LINE 6 DC 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. 1 DC PREP SUPPORT CORPORATION 707 EDGEWOOD STREET NE WASHINGTON DC 20017 821574134 501(C)(3) 175000 SINKING FUND PAYMENTS FOR AEC'S LOAN 1 0 PART I, LINE 2: A SCHOLARSHIP COMMITTEE (CURRENTLY MADE UP OF THE CEO, CHIEF DEVELOPMENT OFFICER, 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. X X X 0 0 0 0 0 0 0 1 0 EMILY K LAWSON FOUNDER AND CEO, DIRECTOR - UNTIL 11/2018 173638 0 0 0 0 0 9420 0 10071 0 193129 0 0 0 LAURA MAESTAS CHIEF EXECUTIVE OFFICER 153535 0 0 0 0 0 7691 0 1141 0 162367 0 0 0 DANIEL ENGLENDER CHIEF OPER OFFICER & CHIEF FINANCIAL OFFICER 153954 0 0 0 0 0 7741 0 6224 0 167919 0 0 0 KATIE SEVERN PRESIDENT AND ACADEMIC OFFICER 218721 0 0 0 0 0 9477 0 6864 0 235062 0 0 0 TARA O'FLAHERTY SENIOR DIRECTOR OF SCHOOLS 144382 0 8050 0 0 0 8116 0 6273 0 166821 0 0 0 CASSIE PERGAMENT SENIOR DIRECTOR OF PROGRAM 139375 0 0 0 0 0 6997 0 6465 0 152837 0 0 0 PART I, LINE 7 ALL BONUSES PAID TO DC PREP'S OFFICERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES LISTED IN FORM 990, PART VII FOR THE 2018 CALENDAR YEAR WERE BASED ON AN APPRAISAL OF HIS/HER PERFORMANCE FOR THE YEAR ENDED JUNE 30, 2018. A DISTRICT OF COLUMBIA 536001131 254839J38 2005-06-15 5500000 REPAY OUTSTANDING NOTES USED TO PURCHASE/RENOVATE THE FIRST SCHOOL BUILDING 0 0 0 B DISTRICT OF COLUMBIA 536001131 254839W25 2007-06-26 9580000 REFINANCE AND FINANCE PURCHASE AND RENOVATION OF THE SECOND SCHOOL BUILDING 0 0 0 A 1890000 5500000 198106 5301894 2005 0 0 1 1 B 2595000 9580000 278787 9301213 2007 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 0 B 0 0 0 1 1 0 0 0 0 A 0 B 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: DISTRICT OF COLUMBIA DATE THE REBATE COMPUTATION WAS PERFORMED: 06/15/2016 ISSUER NAME: DISTRICT OF COLUMBIA DATE THE REBATE COMPUTATION WAS PERFORMED: 06/26/2019 SCHEDULE K SUPPLENTAL INFORMATION SCHEDULE 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). FORM 990, PART VI, SECTION B, LINE 11B THE 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 12C THE 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 15 THE 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 19 THESE 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. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INTEREST RATE SWAPS UNAMORTIZED DISCOUNT 79,661. UNAMORTIZED INTEREST EXPENSE -29,443. DC PREP SUPPORT CORPORATION 707 EDGEWOOD STREET NE WASHINGTON DC 20017 821574134 TO SUPPORT D.C. PREPARATORY ACADEMY DC 501(C)(3) LINE 12A, I DC PREPARATORY ACADEMY 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 DC PREP SUPPORT CORPORATION B 175000