2015-04-30T12:13:56-05:00 2014-06-30 420714325 MCGLADREY LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2013-07-01 522174617 PERRY STREET PREPARATORY PUBLIC CHARTER SCHOOL PERR 2025294400 1800 PERRY ST NE WASHINGTON DC 20018 SHADWICK JENKINS HEAD OF SCHOOL 2025294400 2015-04-30 1 WILLIAM E TURCO CPA P00369217 3012963600 2013 2016-03-07 17:11:31Z SHADWICK JENKINS 1800 PERRY ST NE WASHINGTON DC 20018 15769396 0 X WWW.PSPDC.ORG X 1999 DC PSPPCS WAS INCORPORATED AS A COLLEGE PREPARATORY PUBLIC CHARTER SCHOOL IN AN EFFORT TO DEVELOP SOCIALLY RESPONSIBLE LEADERS WHILE TRANSFORMING PUBLIC EDUCATION. 7 7 259 35 0 0 1818962 1673248 14929631 13337979 51857 62946 3276 50941 16803726 15125114 0 0 0 0 9806293 9806285 0 0 11452 5125124 5369022 14931417 15175307 1872309 -50193 27843250 27677275 19240143 19182490 8603107 8494785 X WE ARE A COMMUNITY OF DIVERSE LEARNERS THAT BUILDS RELATIONSHIPS WITH FAMILIES TO EMPOWER STUDENTS TO BECOME COLLEGE-READY AND THRIVE IN A GLOBAL SOCIETY. 0 0 8024880 7940733 ACADEMICS:DESIGNED TO CHALLENGE, ENGAGE, DEVELOP AND SUPPORT LIFELONG LEARNING. IN EACH CLASSROOM, STUDENTS ARE CHALLENGED BY TEACHERS AND PEERS TO GO AFTER HIS/HER BEST. THE TEACHERS FACILITATE STUDENTS THROUGH AN ACADEMICALLY RIGOROUS CURRICULUM THAT IS GEARED TO HELPING THEM BECOME MORE CURIOUS. PSPPCS OFFERS A COMPREHENSIVE, MASTERY-BASED EDUCATIONAL PROGRAM TO ALL STUDENTS THAT IS ROOTED IN RESEARCH-BASED EDUCATIONAL PRACTICE, AND WHICH IS DESIGNED TO ULTIMATELY PREPARE STUDENTS FOR THE RIGORS OF HIGHER EDUCATION. 2529351 1978705 SPECIAL PROGRAMS:SPECIAL EDUCATION PROGRAMMING GEARED TO PROVIDING FOR THE DIVERSE NEEDS OF STUDENTS. SIXTY SEVEN STUDENTS WERE SERVED IN THE SPECIAL EDUCATION PROGRAM. 1932161 3418541 BUILDINGS AND GROUNDS:FACILITATE THE OPERATIONS OF SCHOOL ACTIVITIES AND PROGRAMS. SPECIAL PROGRAMS:SPECIAL EDUCATION PROGRAMMING GEARED TO PROVIDING FOR THE DIVERSE NEEDS OF STUDENTS. SIXTY SEVEN STUDENTS WERE SERVED IN THE SPECIAL EDUCATION PROGRAM. 12486392 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 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 1 40 0 1 259 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X GARRETT MUSHAW 2025294400 1800 PERRY ST NE WASHINGTON DC 20018 CYNTHIA CINDY BROWN PRESIDENT 0.50 X X 0 0 0 HAROLD BARDONILLE VICE-PRESIDENT 0.50 X X 0 0 0 VINETTE E BROWN SECRETARY 0.50 X X 0 0 0 JOHN W ROLLINS TREASURER 0.50 X X 0 0 0 CHRISTIAN CRONIN BOARD MEMBER 0.50 X 0 0 0 ANNE HEDMAN BOARD MEMBER 0.50 X 0 0 0 MALINDA R DERR PARENT BOARD MEMBER 0.50 X 0 0 0 MARY KOMONGNAN PARENT BOARD MEMBER 0.50 X 0 0 0 GARRETT MUSHAW CHIEF OPERATING OFFICER 40.00 X 112821 0 4719 SHADWICK JENKINS HEAD OF SCHOOL 40.00 X 131678 0 4719 CORDELIA D POSTELL PRINCIPAL, HIGH SCHOOL 40.00 X 112259 0 10771 TENINA L REEVES PRINCIPAL PK-8 40.00 X 112588 0 9092 469346 0 29301 4 0 0 0 ELITE JANITORIAL 9098 EUCLID AVE MANASSAS VA 20110 JANITORIAL 332884 SYSCO FOOD SERVICES P O BOX 1099 JESSUP MD 20794 FOOD SERVICE PRODUCTS 313245 ON TARGET 2035 2ND STREET NW GL03 WASHINGTON DC 20001 OCCUPATIONAL THERAPY 218068 CORE INC 1300 CLAY STREET SUITE 600 OAKLAND CA 94612 PROFESSIONAL DEVELOPMENT 179228 EDOPS 1638 R ST NW SUITE 300 WASHINGTON DC 20009 ACCOUNTING SERVICES 124383 6 1529685 143563 389 1673248 PER PUPIL ALLOCATION 900099 11400314 11400314 FACILITIES STIPEND 900099 1704928 1704928 STUDENT FEES 900099 193351 193351 FOOD SERVICE FUNDS 900099 39386 39386 13337979 75605 75605 631623 644282 -12659 -12659 -12659 OTHER INCOME 900099 50941 50941 50941 15125114 13337979 0 113887 254437 214325 39933 179 7656106 6435417 1215118 5571 88106 78310 9792 4 1061481 943458 117974 49 746155 627147 119008 41543 41543 130428 130428 395855 395855 128461 105270 23138 53 1254426 1027965 225945 516 311756 255525 56104 127 1067226 874560 192227 439 165747 135825 29854 68 DIRECT STUDENT EXPENSES 1075237 1075237 FOOD SERVICE 435687 435687 OTHER GENERAL EXPENSES 212232 199084 8741 4407 BOND AMORTIZATION 95893 78582 17272 39 54531 54531 15175307 12486392 2677463 11452 5622158 5320658 531814 611833 105448 169781 20454548 4858117 16155141 15596431 4497484 5076611 931205 901961 27843250 27677275 666966 634372 878810 753985 12114656 12114656 3850706 3716694 1729005 1962783 19240143 19182490 X 8208808 8130904 394299 363881 8603107 8494785 27843250 27677275 -50193 -58129 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4962019 500000 5462019 4462019 500000 4962019 3962019 500000 4462019 5441735 1479716 3962019 4474198 967537 5441735 1.00000 0 0 16930335 2415004 14515331 77974 16669 61305 2547162 1883264 663898 899077 543180 355897 15596431 DEFERRED RENT 1743026 CAPITAL LEASE PAYABLE 219757 1962783 X 15099430 -58129 32445 -25684 15125114 0 15125114 15207752 32445 32445 15175307 0 15175307 PART V, LINE 4: THE BOARD OF TRUSTEES HAS DESIGNATED A PORTION OF THE FUNDS AND ESTABLISHED A FACILITIES FUND, WHICH WILL BE UTILIZED TOWARD THE ACQUISITION OF A SCHOOL FACILITY AND APPROVED LEASEHOLD IMPROVEMENTS OF THE FACILITIES CURRENTLY UNDER THE LEASE. IT IS THE BOARD'S GOAL TO USE THE FACILITIES FUND FOR CAPITAL IMPROVEMENTS AND TO LIQUIDATE DEBT INCURRED IN CAPITAL IMPROVEMENTS. THE BALANCE IN THIS FUND IS ADJUSTED ANNUALLY BY THE CHANGE IN NET ASSETS ON AN ACCRUAL BASIS. PART X, LINE 2: THE SCHOOL IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. INCOME THAT IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. THE SCHOOL HAD NO NET UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2014 AND 2013. THE SCHOOL COMPLIES WITH 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 SCHOOL 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. THE SCHOOL IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS, AND THEREFORE, NO TAX LIABILITIES HAVE BEEN RECORDED AS OF JUNE 30, 2014 AND 2013, NOR HAVE ANY RELATED INTEREST AND PENALTIES BEEN INCLUDED IN THE STATEMENT OF FINANCIAL POSITION OR STATEMENT OF ACTIVITIES. GENERALLY, THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2011. 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 MAINTAINS A RACIALLY NONDISCRIMINATORY POLICY. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED FUNDING FROM THE U.S. DEPARTMENT OF EDUCATION AND U.S. DEPARTMENT OF AGRICULTURE. A DISTRICT OF COLUMBIA REVENUE BONDS 536001131 2010-05-13 12625000 FACILITY RENOVATION 0 0 0 A 510344 12625000 12625000 2010 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION B, LINE 11 THE SCHOOL DISTRIBUTES THE 990 TO THE BOARD OF TRUSTEES, HEAD OF SCHOOL, AND CHIEF OPERATING OFFICER FOR REVIEW. THE DOCUMENT IS REVIEWED, DISCUSSED, AND APPROVED PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL DISTRIBUTES THE POLICY TO EVERY BOARD MEMBER. EVERY BOARD MEMBER ACKNOWLEDGES THAT THEY HAVE RECEIVED AND READ THE POLICY AND DISCLOSES WHETHER THERE ARE ANY CONFLICTS OF INTEREST EACH YEAR. THE SIGNED COPIES OF THE CONFLICT OF INTEREST FORM ARE KEPT IN THE BUSINESS OFFICE. ALL EMPLOYEES SIGN A STATEMENT SAYING THAT THEY HAVE READ AND UNDERSTOOD THE CONTENTS OF THE EMPLOYEE HANDBOOK. IN THE HANDBOOK EMPLOYEES ARE ENCOURAGED TO AVOID BECOMING INVOLVED IN ACTIVITIES THAT CONFLICT WITH HYDE-DC DUTIES AND RESPONSIBILITIES. REGARDLESS OF THE SOURCE OR VALUE OF ANY GIFT, CASH, OR FAVOR, EMPLOYEES AND ANY MEMBERS OF THE EMPLOYEE'S FAMILY MUST DECLINE ANY GIFT OFFERED UNDER CIRCUMSTANCES INDICATING THAT ITS PURPOSE IS TO INFLUENCE THE EMPLOYEE IN THE PERFORMANCE OF HIS/HER JOB. IN ADDITION, EMPLOYEES MUST REFUSE ANY GIFTS OF NOMINAL VALUE IF THEY ARE PART OF A PATTERN OR PRACTICE WHICH, WHEN VIEWED AS A WHOLE, WOULD BE CONSIDERED LAVISH OR EXPENSIVE. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL'S BOARD MEMBERS DETERMINE THE COMPENSATION OF THE HEAD OF SCHOOL AND OTHER KEY EMPLOYEES BY RESEARCHING COMPETITIVE SALARIES VIA THE 990'S OF OTHER ORGANIZATIONS, INDEPENDENTLY GENERATED SALARY SURVEYS AND THE EVALUATION OF EMPLOYEE'S PERFORMANCE. THERE IS CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATIONS OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND FORM 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FURTHER, AS PART OF OUR REPORTING REQUIREMENTS WITH THE PUBLIC CHARTER SCHOOL BOARD, MANY OF THESE DOCUMENTS ARE AVAILABLE TO THE PUBLIC VIA THEIR WEBSITE.