2018-01-22T08:27:37-06:00 2017-06-30 521853933 JONES MARESCA & MCQUADE PA 1730 RHODE ISLAND AVE NW SUITE 800 WASHINGTON DC 20036 990 2016-07-01 412089357 TWO RIVERS PUBLIC CHARTER SCHOOL INC TWOR 2025464477 1227 4TH STREET NE WASHINGTON DC 20002 SARAH RICHARDSON CFO 2025464477 2018-01-22 1 DAVID JONES P01361002 2022963306 2016 2022-09-23 18:48:47Z SARAH RICHARDSON 1227 4TH STREET NE WASHINGTON DC 20002 15422097 0 X WWW.TWORIVERSPCS.ORG X 2003 DC TO NURTURE A DIVERSE GROUP OF STUDENTS TO BECOME LIFELONG, ACTIVE PARTICIPANTS IN THEIR OWN EDUCATION, DEVELOP A SENSE OF SELF AND COMMUNITY, AND BECOME RESPONSIBLE AND COMPASSIONATE MEMBERS OF SOCIETY. 12 12 169 12 0 0 14094136 14471289 113609 104654 -12434 28614 0 27956 14195311 14632513 0 0 0 0 8508102 9375080 0 0 139695 5979895 5914048 14487997 15289128 -292686 -656615 36135790 33340942 29760529 27316030 6375261 6024912 TO NURTURE A DIVERSE GROUP OF STUDENTS TO BECOME LIFELONG, ACTIVE PARTICIPANTS IN THEIR OWN EDUCATION, DEVELOP A SENSE OF SELF AND COMMUNITY, AND BECOME RESPONSIBLE AND COMPASSIONATE MEMBERS OF SOCIETY. 0 0 13913817 104654 ESTABLISHED A PUBLIC CHARTER SCHOOL IN WASHINGTON, D.C. THAT IS OPEN TO ANY D.C. CHILD IN GRADES PRESCHOOL THROUGH GRADE EIGHT. 13913817 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 33 0 1 169 1 0 0 0 0 0 1 1 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 THE ORGANIZATION 2025464477 1227 4TH STREET NE WASHINGTON DC 20002 PAM JACKSON PRESIDENT 2.00 X X 0 0 0 JUSTIN VALENTINE VICE PRESIDENT 2.00 X X 0 0 0 CLARA BOTSTEIN SECRETARY 2.00 X X 0 0 0 JASON S MILLER TREASURER 2.00 X X 0 0 0 GRACE ADUROJA TRUSTEE 2.00 X 0 0 0 ANN GOSIER TRUSTEE 2.00 2.00 X 0 0 0 JUSTIN JONES TRUSTEE 2.00 X 0 0 0 ADRIAN JORDAN TRUSTEE 2.00 X 0 0 0 JAY KRAMER TRUSTEE 2.00 X 0 0 0 REEM LABIB TRUSTEE 2.00 X 0 0 0 SENTHIL SANKARAN TRUSTEE 2.00 X 0 0 0 ETIENNE TOUSSAINT TRUSTEE 2.00 X 0 0 0 JESSICA WODATCH EXECUTIVE DIRECTOR 40.00 2.00 X 136683 0 30907 SARAH RICHARDSON CFO 40.00 2.00 X 117983 0 17590 MARGARET BELLO CHIEF ACADEMIC OFFICER 40.00 X 119565 0 17734 374231 0 66231 3 0 1 0 MCN BUILD LLC 1214 28TH STREET NW WASHINGTON DC 20007 CONSTRUCTION SERVICE 523491 PMM COMPANIES 15938 DERWOOD ROAD ROCKVILLE MD 20855 JANITORIAL SERVICE 474776 ALIGN STAFFING 7474 GREENWAY CTR DR 620 GREENBELT MD 20770 STAFFING AGENCY 398375 REVOLUTION FOODS INC 8393 CAPWELL DRIVE SUITE 200 OAKLAND CA 94621 FOOD SERVICE 303770 CAPITOL KIDS THERAPY LLC 20 18TH ST NE SUITE 301 WASHINGTON DC 20002 SPEECH LANGUAGE THERAPY 284246 17 72000 63969 14108044 227276 36336 14471289 PROGRAM SERVICE REVENUE 611710 104654 104654 104654 32559 32559 746055 750000 -3945 -3945 -3945 67540 63969 39584 27956 27956 14632513 104654 0 56570 302159 105697 176326 20136 7432008 6730676 627958 73374 510852 464227 41749 4876 537647 478850 53290 5507 592414 523475 61800 7139 11467 3361 8105 1 146120 42833 103276 11 218398 92112 126185 101 284343 281758 1960 625 961810 953086 6618 2106 562 562 1065034 1055374 7329 2331 1051193 1041658 7234 2301 76712 76016 528 168 DIRECT STUDENT COSTS 1488845 1488845 FOOD SERVICES 279223 279223 AUTHORIZER FEES 152092 152092 PROFESSIONAL DEVELOPMEN 117323 117323 60926 26649 13258 21019 15289128 13913817 1235616 139695 425632 416286 6088587 4929619 355831 303468 53775 122302 148925 125725 32313281 4911239 28107513 27402042 955527 41500 36135790 33340942 1423500 470329 0 64373 13202078 12747193 14810124 13852203 324827 181932 29760529 27316030 X 6008928 5797041 366333 227871 6375261 6024912 36135790 33340942 -656615 306266 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5454478 5454478 11309624 2572218 8737406 13809265 1007294 12801971 968825 802115 166710 771089 529612 241477 27402042 INTEREST RATE SWAP 5275 DEFERRED RENTAL LIABILITY 102617 ACCRUED INTEREST 74040 181932 X 15000782 306266 22419 39584 368269 14632513 0 14632513 15351131 22419 39584 62003 15289128 0 15289128 PART X, LINE 2: THE SCHOOL HAS ADOPTED THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AS REQUIRED BY THE INCOME TAXES TOPIC OF THE FASB ASC. THE TOPIC REQUIRES THE SCHOOL TO DETERMINE WHETHER A TAX POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT TO BE RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS MORE THAN FIFTY PERCENT LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT WHICH COULD RESULT IN THE SCHOOL RECORDING A TAX LIABILITY THAT WOULD REDUCE ITS NET ASSETS. THE SCHOOL HAS ANALYZED ITS TAX POSITIONS, AND HAS CONCLUDED THAT NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS SHOULD BE RECORDED RELATED TO ANY UNCERTAIN TAX POSITIONS TAKEN ON RETURNS FILED FOR OPEN TAX YEARS (2014-2016), OR EXPECTED TO BE TAKEN IN ITS 2017 TAX RETURN. THE SCHOOL IS NOT AWARE OF ANY TAX POSITIONS FOR WHICH IT BELIEVES THAT THERE IS A REASONABLE POSSIBILITY THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL CHANGE MATERIALLY IN THE NEXT TWELVE MONTHS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSE 39,584. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSE 39,584. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 0 SCHEDULE E, PART I, LINE 3 PUBLICIZED ITS NON-DISCRIMINATORY POLICIES THROUGH NEWSPAPER ADS, ORGANIZATIONAL WEBSITE, COMMUNITY NEWSLETTER, AND COMMUNITY MEETINGS. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED THE FOLLOWING FROM GOVERNMENTAL AGENCIES, DC PUBLIC SCHOOLS LOCAL APPROPRIATION $13,026,089 SCHEDULE E, PART I, LINE 7 THE ORGANIZATION IS EXEMPT UNDER REV. PROC. 75-50. ANNUAL GALA 131509 63969 67540 39584 131509 63969 67540 39584 39584 27956 X X X 0 0 0 0 0 0 0 1 0 JESSICA WODATCH EXECUTIVE DIRECTOR 131683 0 5000 0 0 0 19842 0 11065 0 167590 0 0 0 PART I, LINE 7 THE FOLLOWING OFFICERS AND HIGHEST COMPENSATED EMPLLOYEE RECEIVED BONUSES IN FYE 06.30.2017: JESSICA WODATCH, EXECUTIVE DIRECTOR ($5,000) SARAH RICHARDSON, CFO ($5,000) MARGARET BELLO, CHIEF ACADEMIC OFFICER ($3,000) A DISTRICT OF COLUMBIA 536001131 2013-06-01 14500000 TO REFINANCE 0 0 0 A 454885 14500000 2016 0 0 0 1 A 0 0 0 0 1 0 0 A 0 0 0 0 1 0 0 0 1 A 0 X VARIOUS GOODS FOR FUNDRAISING AUCTION 67 36336 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 THE BOARD OF TRUSTEES, BY RESOLUTION ADOPTED BY A MAJORITY OF THE TRUSTEES IN OFFICE, MAY APPOINT ONE OR MORE COMMITTEES, EACH OF WHICH SHALL CONSIST OF TWO OR MORE TRUSTEES AND WHICH SHALL HAVE AND EXERCISE SUCH AUTHORITY AS SPECIFIED IN THE RESOLUTION. FORM 990, PART VI, SECTION B, LINE 11B THE CHIEF FINANCIAL OFFICER, EXECUTIVE DIRECTOR, AND THE TREASURER OF THE BOARD OF TRUSTEES REVIEW THE 990, AND IT IS DISTRIBUTED TO THE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C FOR EACH PROCUREMENT ABOVE $10,000 MADE BY THE SCHOOL, THE BOARD DISCLOSES ANY POTENTIAL CONFLICTS OF INTEREST. IF A CONFLICT IS DEEMED TO EXIST, SUCH PERSON SHALL NOT (I) VOTE ON, (II) USE HIS OR HER PERSONAL INFLUENCE ON, (III) BE PRESENT DURING ANY BOARD DISCUSSION OR DELIBERATIONS WITH RESPECT TO, OR (IV) BE PRESENT DURING ANY COMMITTEE OR SUBCOMMITTEE DISCUSSION OR DELIBERATIONS WITH RESPECT TO THE CONTRACT, TRANSACTION, OR PROGRAM (OTHER THAN TO PRESENT FACTUAL INFORMATION OR TO RESPOND TO QUESTIONS PRIOR TO THE DISCUSSION). THE CONFLICT OF INTEREST POLICY WAS REVIEWED AND SIGNED IN JULY 2016. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD DETERMINES COMPENSATION DIRECTLY FOR THE EXECUTIVE DIRECTOR AND THE INTERIM EXECUTIVE DIRECTOR AS PART OF CONTRACT NEGOTIATIONS IN MAY 2017. SPECIFIC BENCHMARKS REVIEWED FOR OTHER KEY EMPLOYEES OF THE ORGANIZATION INCLUDE COMPENSATION FOR SIMILAR ROLES AT NEARBY PUBLIC SCHOOL SYSTEMS, COMPENSATION OF OFFICIALS AT OTHER LOCAL CHARTER SCHOOLS AVAILABLE THROUGH PUBLICLY-AVAILABLE SOURCES OF INFORMATION AND COMPENSATION SURVEYS. COMPENSATION FOR KEY EMPLOYEES IS REVIEWED AND BENCHMARKED ANNUALLY AND MANAGEMENT AND LEADERSHIP STAFF SALARY SCALES ARE USED TO DETERMINE SALARIES. THE LAST COMPENSATION REVIEW WAS JUNE, 2017. 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 REQUEST. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS AUDIT OVERSIGHT PROCESS OR ITS INDEPENDENT AUDITOR SELECTION PROCESS FROM THE PREVIOUS YEAR. TWO RIVERS - YOUNG QALICB LLC 1227 4TH STREET NE WASHINGTON DC 20002 810710603 REAL ESTATE HOLDING CORP DC 649586 13685178 TWO RIVERS PUBLIC CHARTER SCHOOL INC TWO RIVERS SUPPORTING CORP 1227 4TH STREET NE WASHINGTON DC 20002 810710739 TO ACQUIRE, HOLD, AND MANAGE ASSETS FOR USE BY TWO RIVERS PCS DC 501 (C) 509(A)(3) N/A 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 TWO RIVERS SUPPORTING CORP R 318299 FMV TWO RIVERS SUPPORTING CORP S 75328 FMV