2016-01-20T13:14:28-06:00 2015-06-30 521853933 JONES MARESCA & MCQUADE PA 1730 RHODE ISLAND AVE NW SUITE 800 WASHINGTON DC 20036 990 2014-07-01 412089357 TWO RIVERS PUBLIC CHARTER SCHOOL INC TWOR 2025464477 1227 4TH STREET NE WASHINGTON DC 20002 SARAH RICHARDSON CFO 2025464477 2016-01-20 1 DAVID JONES P01361002 2022963306 2014 2016-04-25 22:37:26Z SARAH RICHARDSON 1227 4TH STREET NE WASHINGTON DC 20002 11411371 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. 11 11 129 15 0 0 9752844 11270806 68876 72272 12604 11862 17489 0 9851813 11354940 0 0 0 0 6363637 6890493 0 0 130467 3086599 3212764 9450236 10103257 401577 1251683 20625949 34816604 14963136 27926885 5662813 6889719 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 8950626 8823552 ESTABLISHED A PUBLIC CHARTER SCHOOL IN WASHINGTON, DC THAT IS OPEN TO ANY D.C. CHILD IN GRADES PRESCHOOL THROUGH GRADE EIGHT. 8950626 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 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 24 0 1 129 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 THE ORGANIZATION 2025464477 1227 4TH STREET NE WASHINGTON DC 20002 ANN GOSIER PRESIDENT 2.00 X X 0 0 0 PETE EVELETH SECRETARY 2.00 X X 0 0 0 MEGHAN STARK TREASURER 2.00 X X 0 0 0 KATHERINE DAWES TRUSTEE 2.00 X 0 0 0 JUSTIN JONES TRUSTEE 2.00 X 0 0 0 PAM JACKSON VICE PRESIDENT 2.00 X X 0 0 0 ADRIAN JORDON TRUSTEE 2.00 X 0 0 0 RYAN J HUSCHKA TRUSTEE 2.00 X 0 0 0 JANE TOBLER TRUSTEE 2.00 X 0 0 0 SENTHIL SANKARAN TRUSTEE 2.00 X 0 0 0 STEVEN LAFEMINA TRUSTEE 2.00 X 0 0 0 JESSICA WODATCH EXECUTIVE DIRECTOR 40.00 X 117869 0 22216 SARAH RICHARDSON CFO 40.00 X 108517 0 10489 MARGARET BELLO ES PRINCIPAL 40.00 X 108288 0 10558 334674 0 43263 3 0 0 0 MCN BUILD LLC 1214 28TH STREET NW WASHINGTON DC 20007 CONSTRUCTION SERVICE 5721055 COX GRAAE SPACK 2909 M STREET NW WASHINGTON DC 20007 ARCHITECTURE AND ENGINEERING SERVICE 594097 CAPITOL KIDS THERAPY LLC 20 18TH ST NE SUITE 301 WASHINGTON DC 20002 SPEECH LANGUAGE THERAPY 264844 PMM COMPANIES 15938 DERWOOD ROAD ROCKVILLE MD 20855 JANITORIAL SERVICE 240905 REVOLUTION FOODS INC 8383 CAPWELL DRIVE OAKLAND CA 94621 FOOD SERVICE 177738 5 99379 10660008 511419 35131 11270806 PROGRAM SERVICE REVENUE 611710 72272 72272 72272 11862 11862 56431 99379 56431 0 11354940 72272 0 11862 276823 92283 184540 5594032 4943372 599970 50690 239434 225727 13707 340366 284594 50223 5549 439838 375846 60014 3978 249206 91056 96016 62134 215680 212746 2441 493 459663 453408 5207 1048 847 847 371853 366794 4211 848 462443 456151 5238 1054 52701 51984 597 120 DIRECT STUDENT COSTS 892000 892000 FOOD SERVICES/CATERING 194883 194883 PROFESSIONAL DEVELOPMEN 157426 157426 ADMINISTRATION FEES 108380 108380 47682 43129 4553 10103257 8950626 1022164 130467 49930 49996 4595574 6956854 302023 262649 19114 26135 164432 139708 29699405 2907397 15238054 26792008 256822 589254 20625949 34816604 609282 5660632 197372 14078203 13645654 8517544 78279 103055 14963136 27926885 X 5646204 6765936 16609 123783 5662813 6889719 20625949 34816604 1251683 -24776 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5454478 5454478 11061934 1993050 9068884 12004198 12004198 716290 532983 183307 462505 381364 81141 26792008 INTEREST RATE SWAP 103055 103055 X 11419024 7653 56431 64084 11354940 0 11354940 10167342 7653 56431 64084 10103258 0 10103258 PART X, LINE 2: THE SCHOOL QUALIFIES AS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE SCHOOL IS CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). 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 (2012-2014), OR EXPECTED TO BE TAKEN IN ITS 2015 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 EXPENSES 56,431. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 56,431. 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 $9,297,811. THE ORGANIZATION IS EXEMPT UNDER REV. PROC. 75-50. ANNUAL GALA 155810 99379 56431 56431 155810 99379 56431 56431 56431 0 A DISTRICT OF COLUMBIA 536001131 2013-06-01 14500000 TO REFINANCE 0 0 0 A 432549 2014 0 0 0 1 A 0 0 0 0 1 0 0 A 0 0 0 0 1 0 0 0 1 X VARIOUS GOODS FOR FUNDRAISING AUCTION 123 35131 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 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). FORM 990, PART VI, SECTION B, LINE 15 THE BOARD DETERMINES COMPENSATION DIRECTLY FOR THE EXECUTIVE DIRECTOR. SPECIFIC BENCHMARKS REVIEWED FOR OTHER KEY EMPLOYEES OF THE ORGANIZATION INCLUDE COMPENSATION FOR SIMILAR ROLES AT NEARBY PUBLIC SCHOOL SYSTEMS AND COMPENSATION OF OFFICIALS AT OTHER LOCAL CHARTER SCHOOLS AVAILABLE THROUGH PUBLICLY-AVAILABLE SOURCES OF INFORMATION. COMPENSATION FOR KEY EMPLOYEES IS REVIEWED AND BENCHMARKED ANNUALLY AND MANAGEMENT AND LEADERSHIP STAFF SALARY SCALES ARE USED TO DETERMINE SALARIES. 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.