2013-02-13T12:56:46-06:00 2012-06-30 420714325 MCGLADREY LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2011-07-01 522265744 THURGOOD MARSHALL ACADEMY THUR 2025636862 2427 MARTIN LUTHER KING JR AVE SE WASHINGTON DC 20020 ALEXANDRA PARDO 2025636862 2013-02-13 1 WILLIAM E TURCO CPA P00369217 3012963600 2011 2016-03-07 17:11:31Z ALEXANDRA PARDO 2427 MARTIN LUTHER KING JR AVE SE WASHINGTON DC 20020 8887932 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. 13 13 96 300 0 0 3414031 2853181 5581414 5847947 8216 9702 95655 84923 9099316 8795753 16720 12032 0 0 4574535 4768403 0 0 394258 3492612 3562186 8083867 8342621 1015449 453132 29073510 29309573 22803517 22850810 6269993 6458763 THE MISSION OF THURGOOD MARSHALL ACADEMY IS TO PREPARE STUDENTS TO SUCCEED IN COLLEGE AND TO ACTIVELY ENGAGE IN OUR DEMOCRATIC SOCIETY. 0 0 7533465 12032 6001691 THURGOOD MARSHALL ACADEMY HAS A SINGLE PROGRAM--EDUCATION VIA DATA-DRIVEN INSTRUCTION AND YOUTH-DEVELOPMENT ACTIVITIES. IN THE FISCAL YEAR ENDING 6/30/2012, THE SCHOOL SERVED 390 STUDENTS DURING THE 180-DAY SCHOOL YEAR AND ROUGHLY 200 STUDENTS DURING A 5-WEEK SUMMER SCHOOL. IN THE SPRING 2012 ADMINISTRATION OF THE DC CAS STANDARDIZED TEST USED TO MEASURE SCHOOL PERFORMANCE, THE SCHOOL'S SCORES WERE THE HIGHEST FOR OPEN ENROLLMENT HIGH SCHOOLS IN DC. ALL (100%) GRADUATING SENIORS WERE ACCEPTED TO COLLEGE. 7533465 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 34 0 1 96 1 0 0 0 0 0 1 1 0 0 0 0 X 13 13 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X ALEXANDRA PARDO EXECUTIVE DIRECTOR 2025636862 2427 MARTIN LUTHER KING JR AVE SE WASHINGTON DC 20020 GEORGE W BROWN 2.00 X X 0 0 0 ELIZABETH L HALE 2.00 X X 0 0 0 JOCELYN HENDERSON 2.00 X X 0 0 0 KATHARINE R HERMAN 2.00 X X 0 0 0 BRUCE BAFFER 2.00 X 0 0 0 JEROME L EPSTEIN 2.00 X 0 0 0 BETTY JACKSON 2.00 X 0 0 0 KEVONYA JAMES 2.00 X 0 0 0 RICHARD L ROE 2.00 X 0 0 0 ANDREW ROSENBERG 2.00 X 0 0 0 NOREAN M SHARPE 2.00 X 0 0 0 KANNON SHANMUGAN 2.00 X 0 0 0 JONATHAN STOEL 2.00 X 0 0 0 ALEXANDRA PARDO 40.00 X 150348 0 13789 DAVID SCHLOSSMAN 40.00 X 103106 0 12999 JOSHUA KERN 40.00 X 111268 0 6639 364722 0 33427 3 0 1 0 PMM COMPANIES 15938 DERWOOD ROAD ROCKVILLE MD 20855 BUILDING ENGINEERING/ SECURITY 235036 BUILDING HOPE 910 17TH ST NW NO 1100 WASHINGTON DC 20006 ACCOUNTING & HR 189831 REVOLUTION FOODS INC PO BOX 742759 LOS ANGELES CA 900742759 FOOD SERVICES 151295 3 204732 1007998 1040487 599964 2853181 TUITION ALLOCATION 900099 5769887 5769887 SCHOOL LUNCH PROGRAM 900099 78060 78060 5847947 9702 9702 7250 0 7250 7250 7250 16108 204732 92179 -76071 -76071 OTHER INCOME 900099 153744 153744 153744 8795753 6001691 0 -59119 12032 12032 279981 193600 61699 24682 3877344 3700590 176754 68200 63511 880 3809 241877 225248 3120 13509 301001 280307 3883 16811 10638 10638 226705 226705 268313 268313 261717 254345 3523 3849 102496 95450 1323 5723 661793 599841 8309 53643 88861 88861 1190642 1108786 15359 66497 331638 308838 4278 18522 48616 45274 627 2715 OTHER EXPENSES 156510 146062 2704 7744 FOOD SERVICE 142407 142407 LETTER OF CREDIT FEES 41850 41850 BAD DEBT EXPENSE 30000 30000 8342621 7533465 414898 394258 1793 1649 4359827 5124399 633311 495866 1743 30573 140741 117035 16337605 3409223 13309102 12928382 10541438 10529447 85555 82222 29073510 29309573 388436 251650 130155 228097 1566369 1677927 20494814 20373897 223743 319239 22803517 22850810 X 6117266 6276330 152727 182433 6269993 6458763 29073510 29309573 X 453132 -264362 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 152727 321955 292249 182433 66823 247561 161657 152727 90846 157766 181789 66823 444669 138714 492537 90846 1.00000 0 0 15033836 2446997 12586839 1303769 962226 341543 12928382 10529447 C 10529447 ACCRUED SALARIES & BENEFITS 319239 319239 8795753 8342621 453132 -264362 -264362 188770 8358639 445714 -975007 -529293 8887932 -92179 -92179 8795753 9132885 445714 344550 790264 8342621 0 8342621 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TEMPORARILY RESTRICTED NET ASSETS WERE RELEASED FROM RESTRICTIONS DURING THE YEARS ENDED JUNE 30, 2012 AND 2011, FOR VARIOUS PURPOSES, INCLUDING AFTER-SCHOOL PROGRAMS, COLLEGE GUIDANCE, SUPPORT FOR ALUMNI IN COLLEGE, LIBRARY MATERIALS, PHYSICAL EDUCATION, AND GENERAL OPERATIONS. AT JUNE 30, 2012 AND 2011, TEMPORARILY RESTRICTED NET ASSETS REPRESENTED AMOUNTS RESTRICTED FOR SPECIFIC EDUCATION-RELATED EXPENSES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 2009. PART XI, LINE 8 - OTHER ADJUSTMENTS: GAIN/(LOSS) IN FUNCTIONALLY RELATED INVESTMENT IN TMA QALICB, LLC -11,991. DEPRECIATION ADJUSTMENT BOOK TO TAX -252,371. TOTAL TO SCHEDULE D, PART XI, LINE 8: -264,362. PART XII, LINE 2D - OTHER ADJUSTMENTS: INCOME ELIMINATED FROM CONSOLIDATED FINANCIAL STATEMENT PRESENTATION -963,016. LOSS ON INVESTMENT IN TMA QALICB LLC -11,991. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE REPORTED ON LINE 8B -92,179. PART XIII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ELIMINATED FROM CONSOLIDATED FINANCIAL STATEMENT PRESENTATION SPECIAL EVENT EXPENSE REPORTED ON LINE 8B 92,179. DEPRECIATION ADJUSTMENT BOOK TO TAX 252,371. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLISHED ITS NON-DISCRIMINATION POLICY IN THE WASHINGTON POST EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE 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 220840 204732 16108 92179 220840 204732 16108 92179 92179 -76071 1 SUPPORT OF ALUMNI 38 12032 FMV TUITION, DEPOSITS, FEES, BOOKS, SUPPLIES, & TRANSPORTATION PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: SCHOOL ALUMNI RELATIONS STAFF MONITORS APPLICATIONS FROM ALUMNI THAT SHOW NEED, AND THIS STAFF MONITORS APPROPRIATE USE OF FUNDS; OPPORTUNITY TO APPLY IS OPEN TO ALL ALUMNI FIRST-COME-FIRST-SERVED. X X X 1 0 0 1 0 0 0 0 0 ALEXANDRA PARDO 142848 0 7500 0 0 0 4613 0 9647 0 164608 0 0 0 PART I, LINE 4A PART I, LINE 4A: JOSHUA KERN RECEIVED SEVERANCE PAYMENT IN THE AMOUNT OF $25,000. PART I, LINE 5 PART I, LINE 5: IN ORDER TO SUPPORT FINANCIAL VIABILITY AND STABILIZATION, THE CEO'S (EXECUTIVE DIRECTOR'S) CONTRACT FOR THE PERIOD SPECIFIED A BONUS EQUAL TO 2% OF EVERY DOLLAR RAISED ABOVE THE SCHOOL'S FUND-RAISING TARGET IN THE BOARD-APPROVED BUDGET, WITH A MAXIMUM BONUS OF 20% OF THE CEO/ED'S BASE SALARY PER THE CONTRACT. DISTRICT OF COLUMBIA 536001131 2007-02-21 1160000 PERMANENT FACILITY FINANCING 0 0 0 1160000 1160000 2007 1 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 X ESTIMATE OF THE NUMBER OF VOLUNTEERS FORM 990, PAGE 1, PART 1, LINE 6 THURGOOD MARSHALL ACADEMY SUPPORTS STUDENTS' ACADEMIC AND PERSONAL DEVELOPMENT THROUGH PROGRAMS INCLUDING TUTORING AND MENTORING. 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 SOLEY FOR THIS PROGRAM IS 5 FIRMS/YEAR X 20 VOLUNTEERS/FIRM). FORM 990, PART VI, SECTION A, LINE 4 IN DECEMBER 2012, THE BOARD ADOPTED AMENDED-AND-RESTATED BYLAWS PROVIDED BY COUNSEL TO ENSURE THAT THEY REFLECT CURRENT LAW, INCLUDING BUT NOT LIMITED TO THE DISTRICT OF COLUMBIA NONPROFIT CORPORATION ACT OF 2010. 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 GATHERED 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 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 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: GAIN/(LOSS) IN FUNCTIONALLY RELATED INVESTMENT IN TMA QALICB, LLC -11,991. DEPRECIATION ADJUSTMENT BOOK TO TAX -252,371. TOTAL TO FORM 990, PART XI, LINE 5: -264,362. TMA QALICB LLC 2427 MARTIN LUTHER KING JR AVE SE WASHINGTON DC 20020 208196064 REAL ESTATE DE N/A RELATED -4343 582011 1 0 0.50100 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 TMA QALICB LLC C 1007998 CASH TMA QALICB LLC J 1200000 CASH