2016-02-12T06:47:44-06:00 2015-06-30 521511275 RAFFA PC 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2014-07-01 020550253 DC PREPARATORY ACADEMY DCPR 2026354590 707 EDGEWOOD STREET NE WASHINGTON DC 20017 EMILY K LAWSON FOUNDER AND CHIEF EXECUTIVE OFFICER 2026354590 2016-02-12 1 FRANK H SMITH P00639053 2028225000 2016-02-11 2014 2016-08-17 19:52:53Z EMILY K LAWSON 707 EDGEWOOD STREET NE WASHINGTON DC 20017 28854139 0 X WWW.DCPREP.ORG X 2001 DC DC PREP IS A NETWORK OF PUBLIC CHARTER SCHOOLS SERVING STUDENTS IN WASHINGTON, DC. 15 14 333 65 0 0 21661836 26693021 991657 1053203 587 47202 1726 1740 22655806 27795166 42457 24225 0 0 16104731 18238837 0 0 266709 6097549 8642919 22244737 26905981 411069 889185 49630589 58428682 36558455 44550102 13072134 13878580 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 22130568 24225 1053203 DC PREP'S 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 OVER 1,500 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. IN 2015, INAUGURAL CITYWIDE PARTNERSHIP FOR ASSESSMENT OF COLLEGE AND CAREER READINESS (PARCC) RESULTS WERE RELEASED. PARCC, WHICH REPLACES THE DC CAS AND IS SIGNIFICANTLY MORE RIGOROUS, IS THE NEW ANNUAL EDUCATIONAL ASSESSMENT THAT MEASURES PUBLIC SCHOOL STUDENTS' PROGRESS TOWARD MASTERY OF THE COMMON CORE STATE STANDARDS. AS ANTICIPATED, AND SIMILAR TO OTHER STATES ADMINISTERING PARCC, THE CITY'S SCORES WERE MUCH LOWER THAN ON PREVIOUS EXAMS -- NOT BECAUSE STUDENTS LEARNED LESS, BUT BECAUSE THE NEW TEST SETS A HIGHER BAR FOR STUDENT LEARNING. LIKE OTHER SCHOOLS, DC PREP'S PROFICIENCY RATES FELL. HOWEVER, OUR STUDENTS CONTINUE TO DRAMATICALLY OUTPERFORM THEIR PEERS CITYWIDE, AND DC PREP CONTINUES TO BE THE HIGHEST-PERFORMING NETWORK OF PUBLIC CHARTER SCHOOLS IN WASHINGTON FOR THE FOURTH CONSECUTIVE YEAR. PERHAPS MOST EXCITING ARE THE RESULTS FOR OUR LOW-INCOME STUDENTS THE CHILDREN DC PREP WAS CREATED TO SERVE. STUDENT PERFORMANCE IN THIS SUB-GROUP PLACE ALL DC PREP CAMPUSES WHERE PARCC WAS ADMINISTERED AMONG THE TOP TEN SCHOOLS CITYWIDE RANKED #1, #2, #5, AND #7. EVERY DC PREP 8TH GRADE GRADUATE (OVER 290) HAS BEEN ACCEPTED BY A COLLEGE-PREP HIGH SCHOOL, WITH OVER TWO-THIRDS OFFERED ADMISSION TO SELECTIVE SCHOOLS INCLUDING BENJAMIN BANNEKER, CHOATE ROSEMARY HALL, BULLIS, THE FIELD SCHOOL, GEORGETOWN VISITATION, THE HILL SCHOOL, MARET, PHILLIPS ACADEMY ANDOVER, PHILLIPS EXETER ACADEMY, ST. ALBANS, SIDWELL FRIENDS SCHOOL, AND SCHOOL WITHOUT WALLS, AMONG OTHERS. THESE STUDENTS HAVE EARNED $7M IN SCHOLARSHIP SUPPORT. FURTHER, 96% OF DC PREP'S FIRST FIVE GRADUATING CLASSES HAVE EARNED THEIR HIGH SCHOOL DIPLOMAS. IN ADDITION, 80% HAVE MATRICULATED TO COLLEGE, ENROLLING IN SCHOOLS SUCH AS GEORGE MASON, GEORGETOWN, GETTYSBURG, HAMPTON, VANDERBILT, UNIVERSITY OF MARYLAND, AND HOWARD.WHILE OUR PARCC RESULTS HIGHLIGHT THE WORK WE NEED TO DO TO ENSURE THAT OUR STUDENTS HAVE THE STRONGEST ACADEMIC FOUNDATION POSSIBLE, THE DATA SHOW WE ARE ON THE RIGHT TRACK -- ENABLING OUR LOW-INCOME STUDENTS' SUCCESS, AND, OVER TIME, BRIDGING THE EDUCATIONAL DIVIDE IN WASHINGTON. DC PREP IS POISED TO GROW TO TEN CAMPUSES (WITH FIVE PAIRS OF LINKED ELEMENTARY AND MIDDLE SCHOOLS), ULTIMATELY ENROLLING 3,500 PRESCHOOL-8TH GRADE STUDENTS IN WARDS 5, 7, AND 8. ULTIMATELY, DC PREP HOPES TO PLAY A MAJOR ROLE IN IMPROVING PUBLIC EDUCATION IN DC AND IN THE COUNTRY, SHOWING THAT LOW-INCOME MINORITY STUDENTS ARE FULLY CAPABLE OF THE GREATEST ACCOMPLISHMENTS, AND THAT ONE OF THE LOWEST-PERFORMING PUBLIC SCHOOL DISTRICTS IN THE NATION, WASHINGTON, DC, CAN BECOME ONE OF THE BEST. 22130568 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 54 0 1 333 1 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X WENDY SCOTT 2026354590 707 EDGEWOOD STREET NE WASHINGTON DC 20017 LEROY TERRY EAKIN III CHAIR 5.00 X X 0 0 0 ERIC PRICE TREASURER 1.00 X X 0 0 0 LISA DIXON SECRETARY 1.00 X X 0 0 0 JENNY ABRAMSON DIRECTOR 1.00 X 0 0 0 KATHERINE BOONE DIRECTOR 1.00 X 0 0 0 MICHELA ENGLISH DIRECTOR 1.00 X 0 0 0 PATRICK GROSS DIRECTOR 1.00 X 0 0 0 BRIAN JONES DIRECTOR 1.00 X 0 0 0 JUDY LANSING KOVLER DIRECTOR 1.00 X 0 0 0 MAURA MARINO DIRECTOR 1.00 X 0 0 0 ARTHUR MCKEE DIRECTOR 1.00 X 0 0 0 FRENNIE NIXON DIRECTOR 1.00 X 0 0 0 CAROL PENSKY DIRECTOR 1.00 X 0 0 0 VALERIE ROCKEFELLER WAYNE DIRECTOR 1.00 X 0 0 0 EMILY K LAWSON FOUNDER/CEO 40.00 X X 208292 0 10151 WENDY SCOTT CHIEF FINANCIAL OFFICER 40.00 X 165024 0 13418 KATHLEEN ROUSE CHIEF OPERATING OFFICER 40.00 X 149650 0 4225 KATIE SEVERN CHIEF ACADEMIC OFFICER 40.00 X 187245 0 15529 RAYMOND WEEDEN PRINCIPAL 40.00 X 128174 0 14845 CASSIE PERGAMENT PRINCIPAL 40.00 X 126026 0 14837 ELIZABETH IBBY JEPPSON DIR. OF RESOURCE DEVELOPMENT 40.00 X 124476 0 5115 SHAUNTE EDMONDS PRINCIPAL 40.00 X 121699 0 5115 TARA O'FLAHERTY LEADERSHIP SUPPORT SPECIALIST 40.00 X 115924 0 11872 1326510 0 95107 13 0 1 0 MCN BUILD LLC 1214 28TH STREET NW WASHINGTON DC 20007 CONSTRUCTION SERVICES 20404094 REVOLUTION FOODS 8393 CAPWELL DRIVE SUITE 200 OAKLAND CA 94621 FOOD SERVICES 644741 SHINBERG LEVINAS 5101 WISCONSIN AVENUE NW SUITE 31 WASHINGTON DC 20016 ARCHITECTURE AND ENGINEERING SERVICES 283688 SERVICEMASTER JGW 7491-L2 ANGUS COURT SPRINGFIELD VA 22153 JANITORIAL SERVICES 276971 END-TO-END SOLUTIONS FOR SPECIAL EDUCATI 714 G ST SE 201 WASHINGTON DC 20003 SPECIAL EDUCATION SERVICES 217281 13 23471529 3221492 1060519 26693021 CAFETERIA REVENUE 900099 549290 549290 PARENT PAYMENTS 900099 196817 196817 CHILD DEVELOPMENT CNTR 900099 149020 149020 TANF PROGRAM 900099 88914 88914 E-RATE PROGRAM 900099 56562 56562 12600 12600 1053203 4125 4125 1102050 1058973 43077 43077 43077 OTHER INCOME 900099 1740 1740 1740 27795166 1053203 0 48942 24225 24225 805346 90654 691466 23226 14775628 12481517 2185881 108230 318618 258738 56032 3848 1116010 956682 153171 6157 1223235 1002506 211340 9389 87972 29667 58305 301575 301575 11843 250 11593 486741 340718 73011 73012 188795 152860 34346 1589 2595729 2525701 54087 15941 2272418 2130464 138182 3772 150769 122072 27428 1269 DIRECT STUDENT COSTS 1686845 1686845 STAFF RELATED EXPENSES 259057 147962 104399 6696 AUTHORIZER FEES 245727 0 245727 0 OTHER EXPENSES 144077 72051 71776 250 211371 107656 101978 1737 26905981 22130568 4508704 266709 7896950 10546337 443666 1982156 832433 942512 1556424 1629237 345976 406270 47894296 6343885 36011776 41550411 2543364 1371759 49630589 58428682 11690012 2033779 352395 33745 12950000 12520000 11502646 29816437 63402 146141 36558455 44550102 X 11903610 11578732 1168524 2299848 13072134 13878580 49630589 58428682 889185 -82739 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 1 12500 1 7500 0 20000 0 PART II-B, LINE 1: IN FY15, DC PREP ENGAGED IN THE FOLLOWING GRASSROOTS LOBBYING ACTIVITIES TO INFLUENCE LOCAL EDUCATION LEGISLATION AND INITIATIVES: PREPARED AND SENT LETTERS TO THE U.S. SENATE AND HOUSE OF REPRESENTATIVES IN SUPPORT OF THE SOAR ACT REAUTHORIZATION; 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 ATTENDANCE MATTERS; SIGNED ONTO A LETTER TO THE D.C. COUNCIL EDUCATION COMMITTEE REQUESTING CHANGES TO THE LANGUAGE ACCESS ACT; SIGNED ONTO A LETTER WITH FRIENDS OF CHOICE IN URBAN SCHOOLS (FOCUS) TO AMEND THE FISCAL TRANSPARENCY ACT; ATTENDED AND SPOKE AT COMMUNITY MEETINGS TO DISCUSS POTENTIAL BUILDINGS FOR FUTURE DC PREP SCHOOLS. 1685820 1685820 17226403 3778106 13448297 26715320 1004698 25710622 2266753 1561081 705672 41550411 INTEREST RATE SWAPS LIABILITY 146141 146141 X 27747032 -82739 34605 -48134 27795166 0 27795166 26940586 34605 34605 26905981 0 26905981 PART X, LINE 2: DC PREP PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED JUNE 30, 2015 AND 2014, 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 U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES, U.S. DEPARTMENT OF EDUCATION, AND THE U.S. DEPARTMENT OF AGRICULTURE. 1 HIGH SCHOOL SCHOLARSHIPS 6 24225 PART I, LINE 2: A SCHOLARSHIP COMMITTEE (CURRENTLY MADE UP OF THE CEO, DIRECTOR OF RESOURCE DEVELOPMENT, DIRECTOR OF HIGH SCHOOL PLACEMENT, DIRECTOR OF PREPNEXT, AND ALUMNI SUPPORT COUNSELORS) REVIEWS REQUESTS FROM THE FAMILIES OF STUDENTS WHO REQUIRE FINANCIAL SUPPORT IN ORDER TO ATTEND AN OUTSTANDING HIGH SCHOOL. IN ALL CASES, THE FUNDS ADDRESS THE SHORTFALL BETWEEN THE SCHOLARSHIP OFFER THE 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/CEO 183292 0 25000 0 0 0 9489 0 662 0 218443 0 0 0 WENDY SCOTT CHIEF FINANCIAL OFFICER 155024 0 10000 0 0 0 8303 0 5115 0 178442 0 0 0 KATHLEEN ROUSE CHIEF OPERATING OFFICER 139650 0 10000 0 0 0 3563 0 662 0 153875 0 0 0 KATIE SEVERN CHIEF ACADEMIC OFFICER 167245 0 20000 0 0 0 9925 0 5604 0 202774 0 0 0 PART I, LINE 7 ALL BONUSES PAID TO DCPREP'S OFFICERS, KEY EMPLOYEE, AND HIGHEST COMPENSATED EMPLOYEES LISTED IN FORM 990, PART VII WERE BASED ON AN APPRAISAL OF HIS/HER PERFORMANCE FOR THE YEAR ENDED JUNE 30, 2015. 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 1145000 5500000 198106 5301894 2005 0 0 1 1 B 1415000 9580000 278787 9301213 2007 0 0 1 1 A 0 0 0 1 1 0 0 1 B 0 0 0 1 1 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: 06/15/2015 ISSUER NAME: DISTRICT OF COLUMBIA DATE THE REBATE COMPUTATION WAS PERFORMED: 06/26/2015 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). X 2437 FMV X 2827 FMV X 3 1055255 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE INFORMATION TO COMPLETE THE FEDERAL FORM 990 IS PROVIDED TO THE PREPARER BY DC PREP'S CONTRACTED ACCOUNTING SERVICE, ITS 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.