2017-02-14T15:43:42-06:00 2016-06-30 420714325 RSM US LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2015-07-01 522265744 THURGOOD MARSHALL ACADEMY THUR 2025636862 2427 MARTIN LUTHER KING JR AVE SE WASHINGTON DC 20020 RICHARD POHLMAN EXECUTIVE DIRECTOR 2025636862 2017-02-14 1 WILLIAM E TURCO CPA P00369217 3012963600 2015 2021-01-29 14:40:06Z THURGOOD MARSHALL ACADEMY PUBLIC CHARTER HIGH SCHOOL RICHARD POHLMAN 2427 MARTIN LUTHER KING JR AVE SE WASHINGTON DC 20020 8336488 0 X WWW.THURGOODMARSHALLACADEMY.ORG X 2000 DC THURGOOD MARSHALL ACADEMY PREPARES HIGH SCHOOL STUDENTS FOR SUCCESS IN COLLEGE AND CIVIC LIFE THROUGH A PROGRAM FEATURING A DATA-DRIVEN CURRICULUM AND WRAP-AROUND YOUTH DEVELOPMENT SERVICE. IT TEACHES ROUGHLY 400 STUDENTS PER YEAR, MOST OF WHOM LIVE IN UNDER-RESOURCED NEIGHBORHOODS. 11 11 114 300 0 0 1120729 1266815 7434504 6964926 3 0 111981 16998 8667217 8248739 9260 4191 0 0 5360110 5618803 0 0 403010 2507910 2520788 7877280 8143782 789937 104957 15828949 15874320 1635630 1576044 14193319 14298276 THE MISSION OF THURGOOD MARSHALL ACADEMY IS TO PREPARE STUDENTS TO SUCCEED IN COLLEGE AND TO ACTIVELY ENGAGE IN OUR DEMOCRATIC SOCIETY. 0 0 7421342 4191 6964926 THURGOOD MARSHALL ACADEMY HAS A SINGLE PROGRAM--EDUCATION VIA DATA-DRIVEN INSTRUCTION AND YOUTH-DEVELOPMENT ACTIVITIES. IN THE FISCAL YEAR ENDING 6/30/2016, THE SCHOOL SERVED 387 STUDENTS DURING THE ROUGHLY 180-DAY SCHOOL YEAR AND ROUGHLY 250 STUDENTS DURING A 5-WEEK SUMMER SCHOOL. THE SCHOOL'S STUDENTS' SCORES ON STATE STANDARDIZED TESTS AND THE SAT ARE CONSISTENTLY AMONG THE HIGHEST FOR OPEN ENROLLMENT HIGH SCHOOLS IN DC. ALL (100%) GRADUATING SENIORS WERE ACCEPTED TO COLLEGE. 7421342 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 41 0 1 114 1 0 0 0 0 0 1 1 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X RICHARD POHLMAN EXECUTIVE DIRECTOR 2025636862 2427 MARTIN LUTHER KING JR AVE SE WASHINGTON DC 20020 KANNON SHANMUGAM CHAIR OF THE BOARD OF TRUSTEES 2.00 X X 0 0 0 JEROME EPSTEIN VICE CHAIR OF THE BOARD OF TRUSTEES 2.00 X X 0 0 0 JOCELYN HENDERSON TREASURER & TRUSTEE 2.00 X X 0 0 0 JONATHAN STOEL SECRETARY & TRSUTEE 2.00 X X 0 0 0 SONYA BARBEE TRUSTEE 2.00 X 0 0 0 GEORGE W BROWN TRUSTEE 2.00 X 0 0 0 DAN GORDON TRUSTEE 2.00 X 0 0 0 SHONDA GOWARD TRUSTEE 2.00 X 0 0 0 MARK HARRISON TRUSTEE 2.00 X 0 0 0 WENDY PASLEY TRUSTEE 2.00 X 0 0 0 RICHARD L ROE TRUSTEE 2.00 X 0 0 0 RICHARD POHLMAN EXEC. DIR. FROM 08/17/15 40.00 X 56691 0 5589 ALEXANDRA PARDO E.D./ADVISOR UNTIL 09/25/15 40.00 X 132583 0 12452 DAVID SCHLOSSMAN COO 40.00 X 121336 0 19046 KENA ALLISON INTERIM HEAD OF SCHOOL 40.00 X 103805 0 8034 414415 0 45121 3 0 0 0 BUILDING HOPE 910 17TH ST NW NO 1100 WASHINGTON DC 20006 ACCOUNTING & HR 220825 PMM COMPANIES 15938 DERWOOD ROAD ROCKVILLE MD 20855 BUILDING ENGINEERING/SECURITY 171814 JHJ AND ASSOCIATES LLC 1235 KENILWORTH AVE NE SUITE 10 WASHINGTON DC 20019 JANITORIAL SERVICES 135354 REVOLUTION FOODS INC PO BOX 742759 LOS ANGELES CA 900742759 FOOD SERVICES 122428 MCGEE TECHNOLOGY GROUP LLC 1003 F STREET NE SUITE B WASHINGTON DC 20002 IT CONSULTING 105810 5 221499 749378 295938 14645 1266815 TUITION ALLOCATION 900099 6895771 6895771 SCHOOL LUNCH PROGRAM 900099 69155 69155 6964926 3403 0 3403 3403 3403 3750 221499 87749 -83999 -83999 OTHER INCOME 900099 97594 97594 97594 8248739 6964926 0 16998 4191 4191 318565 207074 69116 42375 4347459 4145064 202395 103815 96766 1495 5554 514980 480012 7416 27552 333984 311307 4809 17868 1875 1875 203803 203803 72797 64155 5102 3540 157048 146397 2259 8392 127135 118506 1829 6800 754797 703565 10861 40371 75376 75376 116655 108736 1679 6240 534850 495378 8558 30914 43617 40656 628 2333 DIRECT STUDENT COSTS 295314 295314 FOOD SERVICE 128845 128845 FUNDRAISING COSTS 8676 8676 8143782 7421342 319430 403010 X 500 500 3527741 3915291 295770 347504 109110 74760 17193443 5657178 11895828 11536265 15828949 15874320 187304 187448 1099492 1009170 348834 379426 1635630 1576044 X 14103217 14196593 90102 101683 14193319 14298276 15828949 15874320 104957 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 182000 182000 15044192 4072061 10972131 1967251 1585117 382134 11536265 ACCRUED SALARIES & BENEFITS 293623 ACCRUED INTEREST 4746 INTEREST RATE SWAP PAYABLE 81057 379426 X 8799472 462984 462984 8336488 -87749 -87749 8248739 8694515 462984 87749 550733 8143782 0 8143782 PART X, LINE 2: TMA 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. TMA IS EXEMPT FROM FEDERAL TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. TMA DID NOT HAVE ANY NET UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JUNE 30, 2016. TMA RECORDED APPROXIMATELY $22,000 FOR UNRELATED BUSINESS INCOME TAXES FOR THE YEAR ENDED JUNE 30, 2015, WHICH IS REPORTED IN ACCOUNTS PAYABLE AND ACCRUED EXPENSES IN THE ACCOMPANYING CONSOLIDATED BALANCE SHEET. EXEMPTION FROM DISTRICT OF COLUMBIA INCOME TAXES WAS GRANTED TO TMA EFFECTIVE OCTOBER 17, 2002. TMA IS ALSO EXEMPT FROM DISTRICT OF COLUMBIA'S SALES, REAL ESTATE AND PERSONAL PROPERTY TAXES. THE ACADEMY 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 ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ACADEMY 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 ON EXAMINATION BY TAXING AUTHORITIES, BASED ON 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 ACADEMY'S TAX POSITIONS AND CONCLUDED THAT THE ACADEMY HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. GENERALLY, THE ACADEMY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2013. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE REPORTED ON LINE 8B -87,749. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE REPORTED ON LINE 8B 87,749. 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 PUBLISHED ITS NON-DISCRIMINATION POLICY IN THE WASHINGTON POST. SCHEDULE E, PART I, LINE 6 THE ACADEMY IS A DISTRICT OF COLUMBIA PUBLIC CHARTER SCHOOL. AS SUCH, THE ACADEMY RECEIVES A FIXED TUITION PER-PUPIL PUBLIC FUNDING ALLOCATION FROM THE DISTRICT OF COLUMBIA CHARTER SCHOOL BOARD. IN ADDITION, THE SCHOOL RECEIVES FEDERAL ENTITLEMENT INCOME UNDER TITLES 1, 2, 4, AND 5. GALA 225249 221499 3750 87749 225249 221499 3750 87749 87749 -83999 FORM 990, PAGE 1, PART 1, LINE 6, ESTIMATE OF THE NUMBER OF VOLUNTEERS: THURGOOD MARSHALL ACADEMY SUPPORTS STUDENTS' ACADEMIC AND PERSONAL DEVELOPMENT THROUGH PROGRAMS INCLUDING TUTORING AND SPECIALIZED EXTRACURRICULAR PROGRAMS. THESE PROGRAMS DRAW UPON VOLUNTEERS FROM DC'S PROFESSIONAL COMMUNITY; THE TOTAL NUMBER OF VOLUNTEERS IS ESTIMATED AT 300. FOR INSTANCE, ONE TUTORING PROGRAM ALONE SENDS ROUGHLY 70 STUDENTS/WEEK TO SEVERAL AREA LAW FIRMS (ESTIMATE SOLELY FOR THIS PROGRAM IS 5 FIRMS/YEAR X 20 VOLUNTEERS/FIRM). FORM 990, PART VI, SECTION B, LINE 11 THURGOOD MARSHALL ACADEMY USED THE FOLLOWING PROCESS TO REVIEW THE PREPARED FORM 990 BEFORE IT WAS FILED WITH THE IRS: (1) THE CHIEF OPERATING OFFICER (MANAGEMENT) ACTIVELY PARTICIPATED IN THE PREPARATION OF THE FORM 990, PROVIDING INFORMATION TO AND SEEKING FEEDBACK FROM THE SCHOOL'S ACCOUNTANTS AND TAX PREPARERS FOR SEVERAL WEEKS PRIOR TO FILING; THEN, ROUGHLY ONE WEEK PRIOR TO FILING, (2) MANAGEMENT (THE COO AND THE EXECUTIVE DIRECTOR) REVIEWED THE PREPARED FORM 990 PRIOR TO FILING; AND (3) THE BOARD OF TRUSTEES WAS PROVIDED THE PREPARED FORM 990 VIA ELECTRONIC MAIL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THURGOOD MARSHALL ACADEMY MONITORS AND ENFORCES COMPLIANCE WITH CONFLICT OF INTEREST POLICIES AT BOTH THE BOARD AND STAFF LEVELS. MEMBERS OF THE BOARD COMPLY WITH CONFLICT OF INTEREST POLICIES BY ANNUALLY RESPONDING TO A SURVEY THAT INCLUDES THE POLICY, AN AFFIRMATION THAT MEMBERS WILL ABIDE BY IT, AND AN OPPORTUNITY TO REPORT ANY POSSIBLE CONFLICTS. A MEMBER OF THE BOARD WHO IS AN ATTORNEY REVIEWS THE POLICIES AND DEVELOPS A RESOLUTION TO ANY POTENTIAL CONFLICTS. THE POLICY STATES THAT BOARD MEMBERS ARE TO REPORT POTENTIAL CONFLICTS ON AN ONGOING BASIS. EMPLOYEES OF THE SCHOOL RECEIVED (AND SIGN ACKNOWLEDGEMENT OF) A PERSONNEL POLICY MANUAL THAT INCLUDES AN EXPLICIT PROHIBITION OF CONFLICTS OF INTEREST AND A REQUIREMENT THAT ANY POTENTIAL CONFLICT BE REPORTED TO THE EMPLOYEE'S SUPERVISOR. SUPERVISORS RESOLVE POSSIBLE CONFLICTS OF INTEREST OR REPORT THE ISSUE TO THEIR SUPERVISORS. THE CHIEF OPERATING OFFICER AND EXECUTIVE DIRECTOR FURTHER MONITOR AND ENFORCE CONFLICT OF INTEREST POLICIES BY ACTIVELY SUPERVISING THE SCHOOL'S CONTRACTS AND FINANCIAL TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15 THURGOOD MARSHALL ACADEMY'S DETERMINATION OF COMPENSATION FOR THE EXECUTIVE DIRECTOR AS WELL AS FOR OTHER EMPLOYEES INCLUDED REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. THE COMPENSATION OF THE EXECUTIVE DIRECTOR (WHO IS AN EMPLOYEE AND NOT A MEMBER OF THE BOARD) WAS DETERMINED BY THE BOARD OF TRUSTEES, ALL OF WHOM ARE INDEPENDENT OF AND HAVE NO FAMILY OR BUSINESS RELATION WITH THE EXECUTIVE DIRECTOR. IN REVIEWING AND APPROVING THE EXECUTIVE DIRECTOR COMPENSATION, THE BOARD REVIEWED COMPARABILITY DATA REGARDING PAY OF SIMILAR EXECUTIVES AT COMPARABLE INSTITUTIONS AND OF GENERAL TRENDS IN THE LOCAL EMPLOYMENT MARKET. THEY DOCUMENTED THE DELIBERATION AND DECISION BY RETAINING CORRESPONDENCE AND RESEARCH AND THROUGH FORMS AUTHORIZING EXECUTIVE PAY. THE COMPENSATION OF OTHER STAFF WAS CONDUCTED BY THE EXECUTIVE DIRECTOR, WHO IS INDEPENDENT OF AND HAS NO FAMILY OR BUSINESS RELATIONSHIPS WITH ANY EMPLOYEES. THE EXECUTIVE DIRECTOR CONSIDERED COMPARABILITY DATA REGARDING PAY SCALES FOR SIMILAR WORKERS AND THE GENERAL LOCAL EMPLOYMENT MARKET, AND DOCUMENTED DELIBERATION AND DECISIONS IN THE WORK-PAPERS OF THE ANNUAL BUDGET APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THURGOOD MARSHALL ACADEMY PROVIDES GOVERNING AND FINANCIAL DOCUMENTS TO ITS AUTHORIZING BODY, THE DC PUBLIC CHARTER SCHOOL BOARD, WHICH PROVIDES PUBLIC ACCESS TO THE DOCUMENTS AS GOVERNED BY DISTRICT OF COLUMBIA AND FEDERAL LAW. FORM 990, PAGE 6, PART VI, SECTION A, LINE 1A: THE EXECUTIVE COMMITTEE OF THE THURGOOD MARSHALL ACADEMY BOARD OF TRUSTEES IS COMPOSED OF THE BOARD CHAIR (WHO PRESIDES), THE VICE-CHAIR, THE SECRETARY, AND THE TREASURER. THE EXECUTIVE COMMITTEE HAS THE OPTION TO ADD AN AT-LARGE MEMBER OF THE BOARD TO THE COMMITTEE. ALL MEMBERS OF THE EXECUTIVE COMMITTEE ARE ALSO MEMBERS OF THE BOARD OF TRUSTEES (THE GOVERNING BODY). THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR WORKING IN SUPPORT OF THE FULL BOARD. THE WORK OF THE COMMITTEE-TO THE EXTENT PERMITTED BY DISTRICT OF COLUMBIA LAW-REVOLVES AROUND FIVE MAJOR AREAS: (1) PERFORMING POLICY WORK AS DIRECTED BY THE BOARD, OR WHEN THEY AFFECT THE WORK OF THE EXECUTIVE COMMITTEE; (2) ACTING AS LIAISON TO THE CHIEF EXECUTIVE; (3) HELPING DEVELOP A STRATEGIC PLAN; (4) CONDUCTING EXECUTIVE SEARCHES; AND (5) ADDRESSING URGENT ISSUES TO RESOLVE AN EMERGENCY OR ORGANIZATIONAL CRISIS. FORM 990, PART X, LINES 15 AND 23 DUE TO THE ADOPTION OF ACCOUNTING STANDARDS UPDATE (ASU) NO. 2015-03, "SIMPLIFYING THE PRESENTATION OF DEBT ISSUANCE COSTS," UNAMORTIZED LOAN COSTS WERE CALCULATED IN THE 2015 BALANCE SHEET FIGURES (AND HAVE BEEN RECLASSIFIED @ $150,734 IN THE 2014 BALANCE SHEET FIGURES TO CONFORM TO THE CURRENT YEAR PRESENTATION) AS A REDUCTION OF LOAN PAYABLE, LONG TERM PORTION.