2011-02-14T12:57:39-06:00 2010-06-30 RSM MCGLADREY INC 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2009-07-01 522265744 THURGOOD MARSHALL ACADEMY THUR 2025636862 2427 MARTIN LUTHER KING JR AVE SE WASHINGTON DC 20020 JOSHUA KERN 2025636862 2011-02-13 1 Bill Turco 3012963600 2009 2016-02-24 21:20:13Z JOSHUA KERN 2427 MARTIN LUTHER KING JR AVE SE WASHINGTON DC 20020 8585838 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. 9 9 88 300 0 0 2416703 3230901 5630812 5242472 37584 13085 77491 49307 8162590 8535765 10059 19859 0 4170103 4298100 0 398513 3177173 3471293 7357335 7789252 805255 746513 26998111 27050898 22867059 22910208 4131052 4140690 The mission of Thurgood Marshall Academy is to prepare students to succeed in college and to actively engage in our democratic society. 0 0 7040197 19859 5314933 Thurgood Marshall Academy has a single program--education via data-driven instruction and youth-development activities. In the fiscal year ending 6/30/2010, the school served 389 students during the 180-day school year and roughly 150 students during a 5-week summer school. In the spring 2010 administration of the DC CAS standardized test used to measure school performance, the school's combined score was the highest among open enrollment high schools in DC. All (100%) graduating seniors were accepted to college. 7040197 1 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 29 0 1 88 1 0 0 0 0 0 1 1 0 0 0 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X JOSHUA KERN 2025636862 2427 M L 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 Beverly McKnight 2.00 X X 0 0 0 Jerome L Epstein 2.00 X 0 0 0 KATHARINE R HERMAN 2.00 X 0 0 0 Richard L Roe 2.00 X 0 0 0 NOREAN M SHARPE 2.00 X 0 0 0 Dorothy Strong-Brown 2.00 X 0 0 0 JOSHUA KERN 40.00 X 144137 0 5494 DAVID SCHLOSSMAN 40.00 X 86175 0 8449 alexandra pardo 40.00 X 110975 0 8178 341287 0 22121 2 0 0 0 PMM Companies 15938 Derwood Road Rockville MD 20855 BUILDING ENGINEERING/ SECURITY 189848 BUILDING HOPE 910 17th St NW no 1100 Washington DC 20006 Accounting & HR 172050 QUALITY TOUCH INC 1629 K St NW Ste 300 WAshington DC 20006 JANitorial Serv. 125735 Catholic Community Services 1001 Lawrence Street NE Washington DC 20017 Food Service 115212 4 174183 1689502 1367216 13137 3230901 TUITION allocation 900099 5165733 5165733 school lunch program 900099 76739 76739 5242472 13085 13085 6832 6832 6832 6832 20087 174183 50073 -29986 -29986 OTHER income 900099 72461 72461 72461 8535765 5314933 0 -10069 8400 8400 11459 11459 245319 230197 3624 11498 3346065 3141346 49844 154875 65324 60833 843 3648 367815 342528 4745 20542 273577 254769 3529 15279 216292 216292 201680 159609 41839 232 440991 419967 772 20252 63842 59453 824 3565 732018 677348 9383 45287 90900 90900 1197130 1121105 14871 61154 208300 193979 2688 11633 85828 79928 1107 4793 FOOD SERVICE 129202 129202 ADMINISTRATIVE FEES 47486 47486 fund raising costs 41740 41740 DUES 12551 11688 162 701 LOAN AMORTIZATON 3333 19 3314 7789252 7040197 350542 398513 2071 1933 2800015 3408399 503397 837526 100 1861 94450 98511 15824923 2386356 13846140 13438567 9659716 9175212 92222 88889 26998111 27050898 393275 459733 167732 100321 1365012 1462220 20704897 20604819 236143 283115 22867059 22910208 X 4040206 4073867 90846 66823 4131052 4140690 26998111 27050898 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14865941 1671835 13194106 958982 714521 244461 13438567 INVESTMENT IN TMA QALICB, LLC (MAJORITY OWNED ENTITY) 9175212 C 9175212 ACCRUED SALARIES & BENEFITS 283115 283115 8535765 7789252 746513 -736875 -736875 9638 7653862 53617 50073 103690 7550172 985593 985593 8535765 8196092 53617 353223 406840 7789252 0 7789252 Part X: Description of Uncertain Tax Positions Under FIN 48: 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 had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. With few exceptions, the Academy is no longer subject to income tax examinations by the U.S. federal, state or local tax authorities for years before 2007. Part XI, Line 8 - Other Adjustments: gain/(loss) in functionally related investment in TMA QALICB, LLC: -484504. DEPRECIATION ADJUSTMENT BOOK TO TAX: -252371. Part XII, Line 2d - Other Adjustments: SPECIAL EVENT EXPENSE REPORTED ON LINE 8B: 50073. Part XII, Line 4b - Other Adjustments: income eliminated from consolidated financial statement presentation: 985593. Part XIII, Line 2d - Other Adjustments: expenses eliminated from consolidated financial statement presentation: 50778. DEPRECIATION ADJUSTMENT BOOK TO TAX: 252372. SPECIAL EVENT EXPENSE REPORTED ON LINE 8B: 50073. 1 1 1 THE SCHOOL PUBLISHED ITS NON-DISCRIMINATION POLICY IN THE WASHINGTON POST 1 1 1 1 0 0 0 0 0 0 0 0 1 0 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. 1 GALA 194270 174183 20087 50073 194270 174183 20087 50073 50073 -29986 1 EARTH DAY NETWORK 1616 P STREET NW STE 340 WASHINGTON DC 20036 133798288 501(C)(3) 8400 GENERAL SUPPORT Support of alumni 38 11459 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: THURGOOD MARSHALL ACADEMY SECURED AN AGREEMENT THAT THE ORGANIZATION WAS ELIGIBLE FOR GRANTS UNDER SECTION 501(C)(3). District of Columbia 536001131 2007-02-21 1160000 Permanent facility financing 0 0 1160000 1160000 2007 1 0 1 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 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 President & CEO-a.k.a. 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 President & CEO 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 President & CEO (a.k.a. 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 President & CEO (who is an employee and not a member of the Board) was determined by the members of the Board of Trustees, all of whom are independent of and have no family or business relation with the CEO. In reviewing and approving the CEO's compensation, the Board reviewed comparability data regarding pay of similar executives at comparable institutions and of 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 CEO, who is independent of and has no family or business relationships with any employees. The CEO gathered comparability data regarding pay scales for similar workers and the 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 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 1, PART 1, LINE 6 ESTIMATE OF THE NUMBER OF VOLUNTEERS 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, PAGE 6, PART VI, LINE 1A DIFFERENCE IN VOTING RIGHTS OF BOARD MEMBERS Ms. Katie Herman was nominated as a Board member at the Board of Trustees meeting on February 10, 2009. Since Thurgood Marshall Academy is required to have an odd number of voting members on its Board, and since election of Ms. Herman as a voting member would have violated this provision, she was elected as a nonvoting member. At a meeting of the Board on September 22, 2009, the Board voted to grant Ms. Herman voting rights on the Board to fill a vacancy among the odd number of voting members. FORM 990, PAGE 6, pART VI AUTHORITY OF GOVERNING BODY DELEGATED TO AN EXECUTIVE COMMITTEE 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. TMA QALICB LLC 2427 Martin Luther King Jr Ave SE WASHINGTON DC 20020 208196064 REAL ESTATE DE N/A RELATED -2837 755263 1 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 TMA QALICB LLC C 1016525 TMA QALICB LLC J 1200000