2016-03-11T09:44:32-06:00 2015-06-30 420714325 RSM US LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2014-07-01 742974642 KIPP DC KIPP 2022655477 2600 VIRGINIA AVENUE NW NO 900 WASHINGTON DC 20037 SUSAN SCHAEFFLER MEMBER/CEO 2022655477 2016-03-08 1 WILLIAM E TURCO CPA P00369217 3012963600 2014 2016-08-17 19:52:53Z X SUSAN SCHAEFFLER 2600 VIRGINIA AVENUE NW NO 900 WASHINGTON DC 20037 106122716 0 X WWW.KIPPDC.ORG X 2001 DC KIPP DC'S MISSION IS TO CREATE AND SUSTAIN THE HIGHEST QUALITY SCHOOL SYSTEM (SEE SCHEDULE O) 15 13 770 99 0 0 26994432 23497841 59693092 81483545 316128 302681 494589 770563 87498241 106054630 226626 12574640 0 0 37684597 52198782 0 0 699763 26916693 34775307 64827916 99548729 22670325 6505901 183081260 215805097 87724655 115303783 95356605 100501314 X KIPP DC'S MISSION IS TO CREATE AND SUSTAIN THE HIGHEST QUALITY SCHOOL SYSTEM FOR THE MOST UNDERSERVED COMMUNITIES IN WASHINGTON, D.C. KIPP DC STUDENTS DEVELOP THE KNOWLEDGE, SKILLS, AND CHARACTER NECESSARY TO BECOME THOUGHTFUL, INFLUENTIAL, AND SUCCESSFUL CITIZENS IN THE COMPETITIVE WORLD. KIPP DC RAISES EXPECTATIONS OF PUBLIC EDUCATION IN UNDERSERVED COMMUNITIES BY CULTIVATING HIGH-PERFORMING EDUCATIONAL LEADERS AND BY SERVING AS A MODEL OF EXCELLENCE. 1 0 87550613 12574640 81830698 KIPP DC IS A NETWORK OF HIGH-PERFORMING, PUBLIC, COLLEGE-PREPARATORY CHARTER SCHOOLS IN WASHINGTON, D.C., WHICH SERVES THE CITY'S UNDER-RESOURCED COMMUNITIES. AT KIPP DC, THERE ARE NO SHORTCUTS. OUTSTANDING EDUCATORS, MORE TIME IN SCHOOL, A RIGOROUS COLLEGE-PREPARATORY CURRICULUM, AND A STRONG CULTURE OF ACHIEVEMENT AND SUPPORT HELP OUR STUDENTS MAKE SIGNIFICANT ACADEMIC GAINS AND CONTINUE TO EXCEL IN HIGH SCHOOL AND COLLEGE.KIPP DC STUDENTS ARE SOME OF THE HARDEST WORKING YOUNG PEOPLE IN D.C., SPENDING APPROXIMATELY 30% MORE TIME IN SCHOOL THAN TRADITIONAL STUDENTS WITH AN EXTENDED SCHOOL DAY, WEEK, AND YEAR. IN ADDITION TO CORE SUBJECTS LIKE MATH AND READING, THE SCHOOL DAY INCLUDES MUSIC, FOREIGN LANGUAGE, P.E., AND CHARACTER EDUCATION. EACH SCHOOL LEADER AND TEACHER IS GIVEN THE "POWER TO LEAD AND TO DO WHATEVER IS NECESSARY TO ACHIEVE KIPP DC'S GOALS AND TO MEET EACH STUDENT'S NEEDS. SUBSEQUENTLY, LESSONS ARE DIFFERENTIATED THROUGH BOTH BLENDED LEARNING OPPORTUNITIES AND TARGETED, SMALL GROUP INSTRUCTION. ADDITIONAL ENRICHMENT OPPORTUNITIES ARE AVAILABLE AFTER SCHOOL AND DURING KIPP DC'S SATURDAY SCHOOL, INCLUDING SPORTS, DANCE, DRAMA, VISUAL ART, CONCERT ORCHESTRA, DRUM LINE, CHESS, ROBOTICS, AND PUBLISHING.OUR STANDARDIZED TEST RESULTS CONTINUE TO ILLUSTRATE THE IMPACT OF ADDITIONAL LEARNING TIME, HIGH-QUALITY TEACHING, AND A CULTURE OF ACHIEVEMENT AND SUCCESS. MOST IMPORTANTLY, THEY REVEAL THAT KIPP DC IS CLOSING THE ACHIEVEMENT GAP THAT EXISTS BETWEEN WHITE/NON-HISPANIC STUDENTS AND AFRICAN AMERICAN STUDENTS AT PUBLIC AND PUBLIC CHARTER SCHOOLS IN D.C. FOR MORE THAN A DECADE, STUDENTS AT KIPP DC SCHOOLS HAVE BEEN AMONG THE HIGHEST PERFORMING IN THE DISTRICT, OFTEN EARNING THE TOP SPOT IN PROFICIENCY IN MATH AND READING ON THE DC COMPREHENSIVE ASSESSMENT (DC CAS). THE 2014 DC CAS RESULTS DEMONSTRATE THE HIGH EXPECTATIONS SET AND HELD AT KEY, AIM, AND WILL ACADEMIES, WITH 74% OF EIGHTH GRADE STUDENTS SCORING PROFICIENT OR ADVANCED IN READING AND 90% SCORING PROFICIENT OR ADVANCED IN MATH. PER THE 2014 DC CAS, KIPP DC'S HIGH SCHOOL, KIPP DC COLLEGE PREPARATORY (KCP), IS THE HIGHEST-PERFORMING, OPEN-ENROLLMENT HIGH SCHOOL IN THE DISTRICT OF COLUMBIA, WITH STUDENTS OUTPERFORMING THEIR PEERS AT TOP HIGH SCHOOLS IN THE MORE AFFLUENT WARDS OF THE CITY. ADDITIONALLY, 100% OF KCP'S SENIORS HAVE BEEN ACCEPTED TO COLLEGE EACH YEAR AND 97% OF KCP SENIORS GRADUATE ON TIME. EACH YEAR, ALL OF KIPP DC'S ELIGIBLE SCHOOLS ARE RATED AS TIER 1 SCHOOLS BY THE D.C. PUBLIC CHARTER SCHOOL BOARD'S PERFORMANCE MANAGEMENT FRAMEWORK (PMF). THE PMF TAKES INTO ACCOUNT MULTIPLE MEASURES, INCLUDING STUDENT GROWTH OVER TIME AND ATTENDANCE AND RE-ENROLLMENT RATES. IN 2014, KIPP DC COLLEGE PREPARATORY ACHIEVED THE HIGHEST PMF RATING OF ANY PUBLIC CHARTER HIGH SCHOOL AND KIPP DC PROMISE ACADEMY ACHIEVED THE HIGHEST RATING OF ANY PUBLIC CHARTER ELEMENTARY SCHOOL. OUR MIDDLE SCHOOLS, KEY, AIM, AND WILL, WERE AMONGST THE TOP SIX MIDDLE SCHOOLS IN THE CITY, WITH KEY EARNING THE SECOND HIGHEST RATING AND AIM EARNING THE THIRD HIGHEST RATING. IN ORDER TO BETTER SUPPORT KIPP DC STUDENTS IN HIGH SCHOOL AND COLLEGE, KIPP DC CREATED THE KIPP THROUGH COLLEGE PROGRAM (KTC). KTC PROVIDES KIPP DC ALUMNI WITH THE TOOLS AND SUPPORT NEEDED TO ATTAIN A COLLEGE DEGREE AND SUCCEED IN THE COMPETITIVE WORKFORCE. THE KTC TEAM WORKS WITH ALUMNI FROM SEVENTH GRADE THROUGH TO THEIR SENIOR YEAR OF COLLEGE TO ENSURE THAT THEY STAY ON THE PATH TO GRADUATION AND A LIFE FILLED WITH CHOICE AND OPPORTUNITY. PERHAPS THE MOST IMPORTANT INDICATORS OF KIPP DC'S IMPACT ARE THE RATES AT WHICH OUR ALUMNI ARE GRADUATING FROM HIGH SCHOOL, MATRICULATING TO COLLEGE, AND EARNING DEGREES. WITH THE SUPPORT OF KIPP THROUGH COLLEGE, 96% OF KIPP DC ALUMNI HAVE GRADUATED FROM HIGH SCHOOL AND 80% HAVE MATRICULATED TO COLLEGE. ADDITIONALLY, 44% OF KIPP DC'S FIRST CLASS IS ON TRACK TO EARN COLLEGE DEGREES, COMPARED TO THE NATIONAL COLLEGE COMPLETION RATE OF 33% AND THE 11% AVERAGE FOR STUDENTS FROM LOW-INCOME FAMILIES. KIPP DC KNOWS THAT TEACHER QUALITY IS A KEY FACTOR WHEN IT COMES TO PROVIDING AN EXCEPTIONAL EDUCATION TO STUDENTS OF ALL BACKGROUNDS. TO ADDRESS THIS CRITICAL NEED, KIPP DC FOUNDED THE CAPITAL TEACHING RESIDENCY (CTR) IN PARTNERSHIP WITH E.L. HAYNES PUBLIC CHARTER SCHOOL. CTR IS A YEAR-LONG TEACHER TRAINING RESIDENCY DESIGNED TO INCREASE THE NUMBER OF HIGHLY EFFECTIVE TEACHERS IN THE DISTRICT OF COLUMBIA. JUST AS MEDICAL RESIDENTS TRAIN WITH EXPERIENCED DOCTORS IN TEACHING HOSPITALS, CTR RESIDENTS TRAIN AND LEARN ALONGSIDE AN EXCELLENT TEACHER WORKING WITHIN A HIGH-PERFORMING CHARTER SCHOOL. THE PROGRAM IS HIGHLY SELECTIVE TO ENSURE THAT THE CANDIDATES WITH THE GREATEST POTENTIAL OF SUCCESS ARE CHOSEN AND ALL RESIDENTS COMMIT TO TEACHING IN D.C. FOR A MINIMUM OF TWO YEARS AFTER COMPLETING THE PROGRAM. 87550613 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 1 209 0 1 770 1 0 0 0 0 0 1 1 0 0 0 0 X 15 13 0 0 1 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 0 0 DC X DEA WATKINS 2022655477 2600 VIRGINIA AVENUE NW NO 900 WASHINGTON DC 20037 TERENCE GOLDEN BOARD CHAIR 3.00 X X 0 0 0 JOHN DUFF TREASURER 2.00 X X 0 0 0 DAVID BRADLEY MEMBER 1.00 X 0 0 0 TONYA MCLAUGHLIN MEMBER 1.00 X 0 0 0 DON GRAHAM MEMBER 1.00 X 0 0 0 LULU TALLEY MEMBER 1.00 X 0 0 0 KIMBERLY SMITH MEMBER 1.00 X 0 0 0 TONY LEWIS MEMBER 1.00 X 0 0 0 HUDSON LAFORCE MEMBER 1.00 X 0 0 0 CAROL LUDWIG MEMBER 1.00 X 0 0 0 STUART SOLOMON MEMBER 1.00 X 0 0 0 ALAN WURTZEL MEMBER 1.00 X 0 0 0 HEIMY SALGADO MEMBER/TEACHER 40.00 X 97170 0 6589 SUSAN SCHAEFFLER MEMBER/CEO 40.00 X X 251625 0 11499 ALLISON FANSLER PRESIDENT & COO 40.00 X 212963 0 10344 ALEXANDER SHAWE SECRETARY/GENERAL COUNSEL 40.00 X 163704 0 12503 JESSICA CUNNINGHAM PRINCIPAL 40.00 X 223651 0 10472 MICHAEL CORDELL CHIEF ACADEMIC OFFICER 40.00 X 156604 0 18751 JANE HOFFMAN DIRECTOR OF FINANCE 40.00 X 147304 0 10603 DAVID AYALA PRINCIPAL 40.00 X 137250 0 8894 ANDHRA LUTZ PRINCIPAL 40.00 X 144098 0 8248 1534369 0 97903 33 0 1 0 MCN BUILD LLC 1214 28TH STREET NW WASHINGTON DC 20007 CONSTRUCTION SERVICES 13565016 THE WHITING TURNER CONTRACTING COMPANY 6305 IVY LANE SUITE 800 GREENBELT MD 20770 CONSTRUCTION SERVICES 10213748 REVOLUTION FOODS PO BOX 742759 LOS ANGELES CA 900742759 FOOD SERVICES 3047483 PMM COMPANIES 15938 DERWOOD ROAD ROCKVILLE MD 20855 FACILITIES MAINTENANCE 1966601 STUDIOS ARCHITECTURE DCPC 1625 M STREET NW WASHINGTON DC 20036 ARCHITECTURAL SERVICES 1885932 41 215212 12642493 10640136 2310834 23497841 PUPIL ALLOCATION & FEE 900099 81483545 81483545 81483545 305380 305380 363749 0 363749 363749 363749 2699 -2699 -2699 -2699 39866 215212 65387 -25521 -25521 STUDENT FEES 900099 205472 205472 STUDENT UNIFORMS 900099 141681 141681 OTHER INCOME 900099 85182 85182 432335 106054630 81830698 0 726091 12574640 12574640 779754 688912 82461 8381 41744734 37162833 4097840 484061 2387909 1909252 478200 457 3992259 3192009 799486 764 3294126 2953625 301940 38561 44285 26204 18081 267442 267442 2153403 2086015 31843 35545 2306486 1933742 357263 15481 2990090 1758643 1227184 4263 9100322 8621884 478438 368501 348072 17625 2804 3686040 1919934 1766106 3754011 3703559 50452 381489 935 380554 FOOD SERVICE 4566130 4566130 DIRECT STUDENT EXPENSES 3409015 3409015 CHARTER BOARD ADMIN FEE 889454 889454 LICENSES, DUES & MEMBER 508380 463818 42877 1685 350259 231391 11107 107761 99548729 87550613 11298353 699763 12584133 5369843 65940968 67250648 5445097 9394121 17705702 17705702 1063806 1110401 119777565 10079834 76520070 109697731 99256 3722228 5276651 183081260 215805097 8210631 9853495 3608745 5296 63798734 63767861 5625000 31380197 6481545 10296934 87724655 115303783 X 89966855 93614240 5389750 6887074 95356605 100501314 183081260 215805097 X 6505901 -1150 -1360042 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8900235 8900235 73811055 9436346 64374709 518167 385051 133116 36548108 258437 36289671 109697731 CAPITAL LEASE PAYABLE 1377944 DEFERRED RENT 7531054 REFUNDABLE ADVANCES 30781 INTEREST RATE SWAP OBLIGATION 1357155 10296934 X 106361695 -1150 1600000 -1359871 238979 106122716 -68086 -68086 106054630 101487580 1600000 338851 1938851 99548729 0 99548729 PART X, LINE 2: KIPP DC IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE IRC AND IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION. KIPP DC IS EXEMPT FROM FEDERAL TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. KIPP DC DID NOT HAVE ANY NET UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2015 AND 2014. DOUGLASS QALICB IS A DISTRICT OF COLUMBIA NON-STOCK, NON-PROFIT ORGANIZATION. SHAW QALICB IS A DISTRICT OF COLUMBIA NON-STOCK, NON-PROFIT ORGANIZATION. DOUGLASS QALICB MAY FILE FOR TAX-EXEMPT STATUS UNDER SECTION 501(C)(2). KIPP DC 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, KIPP DC 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. INTEREST AND PENALTIES ASSOCIATED WITH UNRECOGNIZED TAX BENEFITS ARE CLASSIFIED AS ADDITIONAL INCOME TAXES IN THE CONSOLIDATED STATEMENTS OF ACTIVITIES. KIPP DC FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. AS OF JUNE 30, 2015, THERE WERE NO MATERIAL UNRECOGNIZED/DERECOGNIZED TAX BENEFITS OR TAX PENALTIES OR INTEREST. GENERALLY, KIPP DC IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITY ACTIVITIES REPORTED ON THE CONSOLIDATED FS 171. LOSS ON INTEREST RATE CAP AGREEMENTS -2,887. LOSS ON INTEREST RATE SWAP AGREEMENTS -1,357,155. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES REPORTED ON LINE 8B -65,387. LOSS ON DISPOSAL REPORTED ONLINE 7C -2,699. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITY ACTIVITIES REPORTED ON THE CONSOLIDATED FS 270,765. SPECIAL EVENT EXPENSES REPORTED ON LINE 8B 65,387. LOSS ON DISPOSAL REPORTED ONLINE 7C 2,699. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ALL CHILDREN ARE TREATED THE SAME REGARDLESS OF ABILITY TO PAY. IN THE OPERATION OF CHILD NUTRITION PROGRAMS NO CHILD WILL BE DISCRIMINATED AGAINST BECAUSE OF RACE, COLOR, SEX, AGE, DISABILITY, OR NATIONAL ORIGIN. SCHEDULE E, PART I, LINE 6 KIPP DC WAS ORGANIZED FOR THE PURPOSE OF OPERATING A PUBLIC CHARTER SCHOOL FOR EDUCATIONALLY UNDERSERVED CHILDREN RESIDING IN WASHINGTON, D.C. KIPP DC RECEIVES A PER STUDENT ALLOCATION FROM THE DISTRICT OF COLUMBIA TO COVER THE COST OF ACADEMIC AND FACILITIES EXPENSES. KIPP DC ALSO RECEIVES OTHER GOVERNMENT GRANTS IN SUPPORT OF THIS MISSION. DINNER 255078 215212 39866 53749 11638 255078 215212 39866 53749 11638 65387 -25521 1 FRIENDSHIP PUBLIC CHARTER SCHOOL 120 Q ST NE SUITE 200 WASHINGTON DC 20002 582398964 501(C)(3) 161272 SUBGRANTEE PAYMENTS ON EXPANDED GROWTH RACE TO THE TOP. OSSE GROWTH AND ASSESSMENT IDEA PUBLIC CHARTER SCHOOL 1027 45TH STREET NE WASHINGTON DC 20019 311573701 501(C)(3) 62662 SUBGRANTEE PAYMENTS ON EXPANDED GROWTH RACE TO THE TOP. OSSE GROWTH AND ASSESSMENT KIPP DC SUPPORTING CORP 2600 VIRGINIA AVENUE NW 900 WASHINGTON DC 20037 471876264 501(C)(3) 12348312 CONTRIBUTION 3 PART I, LINE 2: WE GATHER SUPPORTING DOCUMENTATION (E.G., INVOICES, EVIDENCE OF PAYMENT, TIMESHEETS, ETC.) FOR ALL GRANT EXPENDITURES MADE BY GRANTEES OR SUBGRANTEES. X X X 0 0 0 0 0 0 0 1 0 SUSAN SCHAEFFLER MEMBER/CEO 226625 0 25000 0 0 0 6870 0 6343 0 264838 0 0 0 ALLISON FANSLER PRESIDENT & COO 192963 0 20000 0 0 0 5865 0 6505 0 225333 0 0 0 ALEXANDER SHAWE SECRETARY/GENERAL COUNSEL 163704 0 0 0 0 0 5020 0 7597 0 176321 0 0 0 JESSICA CUNNINGHAM PRINCIPAL 208651 0 15000 0 0 0 6270 0 4316 0 234237 0 0 0 MICHAEL CORDELL CHIEF ACADEMIC OFFICER 156604 0 0 0 0 0 5141 0 18724 0 180469 0 0 0 JANE HOFFMAN DIRECTOR OF FINANCE 142304 0 5000 0 0 0 4366 0 7206 0 158876 0 0 0 DAVID AYALA PRINCIPAL 133250 0 4000 0 0 0 4290 0 9713 0 151253 0 0 0 ANDHRA LUTZ PRINCIPAL 144098 0 0 0 0 0 4325 0 4037 0 152460 0 0 0 PART I, LINE 7 ALLISON FANSLER AND SUSAN ETTINGER RECEIVED BONUSES BASED ON THEIR PERFORMANCE. THE BONUSES WERE PAID UPON BOARD REVIEW AND APPROVAL. ALL OTHER BONUSES WERE MANAGEMENT APPROVED BASED ON THE INDIVIDUALS PERFORMANCE. A DISTRICT OF COLUMBIA 536001131 25483VPF5 2013-08-01 63827034 CONSTRUCTION OF SCHOOL BUILDING 0 0 0 B DISTRICT OF COLUMBIA 536001131 2014-09-30 38000000 CONSTRUCTION OF SCHOOL BUILDING 0 0 0 A 63827034 4206409 1240839 30414126 28947026 2014 1 0 0 1 B 38000000 13991197 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 1 1 PNC BANK NA 11.000000000000 0 0 0 0 1 A 1 B 1 X 2 2310834 FMV 0 1 0 FORM 990, PART I, LINE 1 FOR THE MOST UNDERSERVED COMMUNITIES IN WASHINGTON, D.C. KIPP DC RAISES THE EXPECTATIONS OF PUBLIC EDUCATION IN UNDERSERVED COMMUNITIES BY CULTIVATING HIGH-PERFORMING EDUCATIONAL LEADERS AND BY SERVING AS A MODEL OF EXCELLENCE. KIPP DC IS A NETWORK OF HIGH-PERFORMING, COLLEGE-PREPARATORY PUBLIC CHARTER SCHOOLS. ALL KIPP DC SCHOOLS ARE TUITION-FREE, OPEN ENROLLMENT SCHOOLS, AND ACTIVELY RECRUIT AND SERVE STUDENTS IN THE CITY'S MOST UNDER-RESOURCED COMMUNITIES. AT KIPP DC, THERE ARE NO SHORTCUTS. OUTSTANDING EDUCATORS AND STAFF, MORE TIME IN SCHOOL, A RIGOROUS COLLEGE PREPARATORY-CURRICULUM, AND A STRONG CULTURE OF ACHIEVEMENT AND SUPPORT HELP OUR STUDENTS MAKE SIGNIFICANT ACADEMIC GAINS AND CONTINUE TO EXCEL IN HIGH SCHOOL AND COLLEGE. IN ADDITION TO OPERATING HIGH-PERFORMING SCHOOLS, KIPP DC IS SUPPORTED BY TWO CRITICAL PROGRAMS CENTRAL TO THE GOAL OF HELPING UNDERSERVED STUDENTS GET TO AND THROUGH COLLEGE: KIPP THROUGH COLLEGE AND THE CAPITAL TEACHING RESIDENCY. KIPP THROUGH COLLEGE SUPPORTS KIPP DC ALUMNI ON THEIR JOURNEY TO A COLLEGE DEGREE - HELPING THEM NAVIGATE THE APPLICATION PROCESS, ACCESS FINANCIAL AID, CONNECT TO SUMMER INTERNSHIPS, AND BUILD THE ADVOCACY AND DECISION-MAKING SKILLS NEEDED TO PERSIST AND GRADUATE. THE CAPITAL TEACHING RESIDENCY IS AN AWARD WINNING TEACHER-TRAINING PROGRAM DESIGNED TO INCREASE THE PIPELINE OF HIGHLY-EFFECTIVE EDUCATORS IN THE DISTRICT OF COLUMBIA. THESE PROGRAMS, COUPLED WITH EXCEPTIONAL PREK3 THROUGH 12 SCHOOLS, MAKE KIPP DC ONE OF THE HIGHEST-PERFORMING PUBLIC SCHOOL NETWORKS IN THE DISTRICT OF COLUMBIA AND A NATIONAL MODEL OF EXCELLENCE IN URBAN EDUCATION. FORM 990, PART I, LINE 6, ESTIMATED NUMBER OF VOLUNTEERS VOLUNTEERS SUPPORT KIPP DC THROUGH A WIDE RANGE OF PROJECTS INCLUDING TUTORING, MENTORSHIP, CAMPUS BEAUTIFICATION, AND THE CHAPERONING OF FIELD TRIPS. FORM 990, PART III, LINE 2 KIPP DC IS COMMITTED TO MAINTAINING THE QUALITY OF ITS SCHOOLS WHILE EXPANDING TO SERVE MORE STUDENTS. IN SCHOOL YEAR (SY) 2014-2015, KIPP DC OPENED THREE NEW SCHOOLS: KIPP DC ARTS AND TECHNOLOGY ACADEMY, AN EARLY CHILDHOOD SCHOOL, AND TWO NEW MIDDLE SCHOOLS -- KIPP DC NORTHEAST ACADEMY AND KIPP DC QUEST ACADEMY. ADDITIONALLY, KIPP DC RELOCATED ITS HIGH SCHOOL, KIPP DC COLLEGE PREPARATORY, TO DOUBLE THE NUMBER OF STUDENTS IT SERVES. KIPP DC NOW OPERATES 15 SCHOOLS ON SIX CAMPUSES SERVING STUDENTS IN PREK3 THROUGH TWELFTH GRADE. IN SY 2015-2016, KIPP DC WILL OPEN A SIXTEENTH SCHOOL, KIPP DC VALOR ACADEMY, A MIDDLE SCHOOL. AUGUST 2015, KIPP DC OPENED A STATE-OF-THE-ART LEARNING CENTER IN NEWLY RENOVATED SPACE AT OUR DOUGLASS CAMPUS IN WARD 8. THE LEARNING CENTER SERVES APPROXIMATELY 70 STUDENTS IN GRADES PREK4 THROUGH 8 WHO ARE CURRENTLY ENROLLED IN KIPP DC SCHOOLS, AND REQUIRE SPECIALIZED INSTRUCTION AND RELATED SERVICES IN A FULL-TIME SETTING OUTSIDE OF GENERAL EDUCATION. IT PROVIDES THESE STUDENTS WITH A SMALL, SAFE, AND SUPPORTIVE LEARNING ENVIRONMENT THAT CAN QUICKLY AND NIMBLY RESPOND TO THEIR NEEDS AND ACCELERATE THEIR LEARNING. OUR HIGHLY TRAINED SPECIAL EDUCATION STAFF GUIDES STUDENTS AS THEY ACCESS THE GENERAL EDUCATION CURRICULUM AND DEVELOP THE SKILLS NEEDED FOR SUCCESS IN HIGH SCHOOL, COLLEGE, AND BEYOND. FORM 990, PART VI, SECTION A, LINE 4 IN FY15, KIPP DC REAPPLIED TO CHARTER SCHOOL BOARD AND IT WAS APPROVED. FORM 990, PART VI, SECTION A, LINE 7B THE DISTRICT OF COLUMBIA PUBLIC CHARTER SCHOOL BOARD (PCSB) IS KIPP DC'S CHARTERING AUTHORITY AND HAS A DUTY TO MONITOR THE ACADEMIC ACHIEVEMENTS AND FISCAL MANAGEMENT OF ALL DC PUBLIC CHARTER SCHOOLS. CERTAIN CONTRACTS WITH A VALUE OF $25,000 OR MORE MUST BE APPROVED BY THE KIPP DC BOARD OF DIRECTORS AND SUBMITTED FOR REVIEW BY THE PCSB. FORM 990, PART VI, SECTION B, LINE 11 KIPP DC'S FINANCE COMMITTEE, A COMMITTEE OF THE BOARD OF DIRECTORS, MEETS WITH MANAGEMENT AND THE FORM 990 PAID PREPARERS TO REVIEW THE FINAL DRAFT OF THE FORM 990. AFTER THIS REVIEW, THE FINAL DRAFT OF THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE KIPP DC BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C KIPP DC'S DIRECTORS COMPLETE AN ANNUAL STATEMENT AFFIRMING THAT THEY HAVE RECEIVED A COPY OF KIPP DC'S CONFLICTS OF INTEREST POLICY, HAVE READ AND UNDERSTOOD THE POLICY, AND AGREE TO COMPLY WITH THE POLICY. THEY ALSO DISCLOSE IN THE ANNUAL STATEMENT ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST THEY MAY HAVE. AFTER DISCLOSURE OF THE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST AND ALL MATERIAL FACTS, THE INTERESTED PERSON MUST LEAVE THE BOARD OF DIRECTORS MEETING. THE BOARD OF DIRECTORS THEN DECIDES IF A CONFLICT OF INTEREST EXISTS AND, IF SO, THE PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD CHAIR LEADS THE PROCESS FOR RECOMMENDING THE COMPENSATION LEVEL FOR THE CEO, AND THE FULL BOARD OF DIRECTORS APPROVES THE FINAL CEO COMPENSATION LEVEL. THE CHAIR CONSIDERS THE FOLLOWING FACTORS IN DEVELOPING THE RECOMMENDED CEO COMPENSATION: COMPARABLE DATA INCLUDING DATA FROM OTHER KIPP REGIONS AND AN ANALYSIS BY A NATIONAL CHARTER SCHOOL FUNDER ON CEO COMPENSATION RELATIVE TO GEOGRAPHY AS WELL AS NUMBER OF SCHOOLS; THE CHANGE IN SCALE AND SCOPE OF THE ORGANIZATION; THE ORGANIZATION'S PERFORMANCE AS WELL AS STUDENT PERFORMANCE; THE CEO'S PRIOR COMPENSATION; AND THE FINANCIAL ABILITY OF THE ORGANIZATION TO PAY THE RECOMMENDED COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON INTEREST RATE CAP AGREEMENTS -2,887. LOSS ON INTEREST RATE SWAP AGREEMENTS -1,357,155. WOODROCK LLC 2600 VIRGINIA AVE NW SUITE 900 WASHINGTON DC 20037 582684134 LEASE HOLDER DC 0 0 KIPP DC KIPP DC - DOUGLASS QALICB INC 2600 VIRGINIA AVENUE NW WASHINGTON DC 20037 264544894 CHARTER SCHOOL REAL ESTATE DC 501(C)(2) KIPP DC 1 KIPP DC - SHAW QALICB INC 2600 VIRGINIA AVENUE NW WASHINGTON DC 20037 453261015 CHARTER SCHOOL REAL ESTATE DC 501(C)(2) KIPP DC 1 KIPP DC SUPPORTING CORP 2600 VIRGINIA AVENUE NW WASHINGTON DC 20037 471876264 SUPPORT KIPP DC DC 501(C)(3) LINE 11C, III-FI N/A 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 KIPP DC - DOUGLASS QALICB INC D 23859486 COST KIPP DC - DOUGLASS QALICB INC K 2210909 COST KIPP DC - DOUGLASS QALICB INC Q 1506603 COST KIPP DC - SHAW QALICB INC D 23520000 COST KIPP DC - SHAW QALICB INC K 1101244 COST KIPP DC - SHAW QALICB INC Q 18557 COST KIPP DC SUPPORTING CORP B 12348312 COST