2026-04-16T09:08:14-05:00 2025-06-30 202153727 SB & COMPANY LLC 10200 GRAND CENTRAL AVE SUITE 250 OWINGS MILLS MD 21117 990 2024-07-01 331101817 HOPE COMMUNITY PUBLIC CHARTER SCHOOL HOPE 2028327370 2106 34TH STREET SE WASHINGTON DC 20020 ALLISON BARR TREASURER 2028327370 2026-03-13 1 1 TIANA WYNN P00997288 4105840060 2024 2025-03-06 01:10:19Z X ALLISON BARR 2106 34TH STREET SE WASHINGTON DC 20020 8243921 0 X HTTPS://WWW.HOPETOLSON.ORG X 2004 DC SEE SCHEDULE O. X 6 6 71 6 0 0 2958341 1351669 5975858 6878144 52 -289815 22187 14108 8956438 7954106 0 0 0 0 3940133 4484280 0 0 0 4386646 7231461 8326779 11715741 629659 -3761635 14878111 3763954 10863655 3511133 4014456 252821 X HOPE COMMUNITY PROVIDES SCHOLARS WITH EXPERIENCES TO ENHANCE THEIR EDUCATION. THESE EXPERIENCES INCORPORATE SCIENCE, TECHNOLOGY, ENGINEERING, THE ARTS, AND MATH (STEAM) INTO PROJECTS THAT CONNECTS OUR SCHOOL FROM PK 3- 8TH GRADE. ALONG WITH OUR EUREKA MATH AND INTO READING ACADEMIC CORE CURRICULUM, WE ALSO SUPPORT OUR SCHOLARS COLLABORATIVELY WITH CONFLICT RESOLUTION PRACTICES AND SUPPORT INDIVIDUALS WITH PERSONAL STRATEGIES TO SUPPORT THEIR SOCIAL EMOTIONAL HEALTH THROUGH OUR SEL CURRICULUM, SECOND STEPS. FOR SCHOLARS THAT NEED ADDITIONAL ACADEMIC SUPPORT, HOPE COMMUNITY EMPLOYEES MULTIPLE MATH AND READING INTERVENTIONISTS THAT UTILIZE HIGH QUALITY SUPPLEMENTAL CURRICULUM WHICH DIRECTLY COMPLIMENTS OUR CORE CURRICULUM. AT HOPE COMMUNITY WE CELEBRATE DIVERSITY. WE ARE PROUD TO SERVE SCHOLARS WHO ARE LEARNING ENGLISH THROUGH OUR ELL PROGRAMMING AND RECEIVE DIRECT SUPPORT FROM OUR ELL TEACHERS AND BILINGUAL PARENT LIAISON. 0 0 7945543 6878144 THE CHARTER SCHOOL PROVIDES STUDENTS WITH AN INTEGRATED EDUCATIONAL APPROACH THAT PLACES A HEAVY EMPHASIS ON THE ARTS, MUSIC, AND LITERATURE. IN ADDITION TO THE CORE SUBJECTS THAT ARE TRADITIONALLY COVERED, THE SCHOOL WORKS TO NURTURE THE CHARACTER OF EACH STUDENT THROUGH A STAFF THAT TEACHES AND MODELS EXCELLENCE AND THE ESTABLISHMENT OF CHARACTER-FORMING RITUALS AND TRADITIONS. THE STUDENTS ARE TAUGHT THE IMPORTANCE OF COMMUNITY BY WORKING ALONGSIDE PARENTS/GUARDIANS AND COMMUNITY MEMBERS IN PURSUIT OF OUR MISSION. THE FORMATION OF A STRONG COMMUNITY BEGINS WITH THE WAY WE STRUCTURE THE SCHOOL INTO SMALLER COMMUNITIES. IN ADDITION TO PRE-KINDERGARTEN FOR AGES THREE AND FOUR, THE SCHOOL HAS A PRIMARY ACADEMY (PK-3), INTERMEDIATE ACADEMY (3-5), AND PREP ACADEMY (6-8). THESE SMALLER COMMUNITIES ENABLE TEACHERS TO BUILD STRONG RELATIONSHIPS WITH STUDENTS AND WORK CLOSELY WITH FELLOW STAFF MEMBERS. THE SCHOOL ALSO OFFERS TUTORING TO ASSIST STUDENTS THAT REQUIRE ADDITIONAL SUPPORT. HOPE COMMUNITY BELIEVES THAT PARENTS HAVE THE PRIMARY RESPONSIBILITY FOR TEACHING THEIR CHILDREN AND IT IS THE SCHOOL'S ROLE TO WORK ALONGSIDE PARENTS AND SUPPORT THEM IN THIS TASK. HOPE COMMUNITY ASKS PARENTS TO SIGN A COVENANT AGREEMENT WITH THE SCHOOL ACCEPTING THESE RESPONSIBILITIES AND COMMITTING TO WORK WITH US TO FULFILL OUR MISSION. HOPE HAS ALSO FORMED A PARENT COMMUNITY PARTNERSHIP TEAM TO GIVE PARENTS AN ACTIVE ROLE IN THE DAILY DECISIONS OF THE SCHOOL. 7945543 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 14 0 1 71 1 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 DC X JUSTIN RYDSTROM 2028327370 2106 34TH STREET SE WASHINGTON DC 20020 X KERRY SMITH BOARD CHAIR 2.00 X X 0 0 0 ANISA BAILEY ACADEMIC EXCELLENCE COMMIT 2.00 X X 0 0 0 SHEREEFAT BALOGUN GOVERNANCE COMMITTEE 2.00 X X 0 0 0 ALLISON BARR FINANCE & OPERATIONS COMMITTEE 2.00 X X 0 0 0 ERIC JOHNSON GOVERNANCE COMMITTEE 2.00 X X 0 0 0 LORRAINE OYETUBO GOVERNANCE COMMITTEE 2.00 X X 0 0 0 CLIFFORD OWENS SCHOOL PRINCIPAL 50.00 X 185557 0 18295 MARCUS JOHNSON TEACHER 45.00 X 105369 0 10389 290926 0 28684 2 0 1 0 SCHOOLHOUSE FINANCE LLC 1900 GALLOWS ROAD SUITE 250 VIENNA VA 22182 RENT 1693925 ENTREPRENEURIAL VENTURES IN EDUCATION I 1001 MARINA DRIVE APT 410 QUINCY MA 02171 CHARTER MANAGEMENT 805341 EDOPS 1140 19TH STREET NW SUITE 650 WASHINGTON DC 20036 FINANCE & STUDENT DATA SERVICES 240424 WHITSONS FOOD SERVICE BRONX CORP 1800 MOTOR PARKWAY ISLANDIA NY 11749 FOOD SERVICES 228939 BELEN CLEANING SERVICES INC 19462 ZINNIA CIRCLE GERMANTOWN MD 20876 JANITORIAL SERVICES 179444 7 1351669 1351669 PER PUPIL ALLOCATIONS 611600 6878144 6878144 6878144 289815 -289815 -289815 -289815 STUDENT ACTIVITIES REVENUE 900099 14028 14028 OTHER REVENUE 900099 80 80 14108 7954106 6878144 0 -275707 319609 310021 9588 3561922 2926010 635912 294670 230859 63811 308079 246463 61616 809484 509975 299509 19910 12543 7367 189071 183399 5672 678530 279846 398684 80302 76287 4015 4487415 2233276 2254139 41657 39574 2083 51642 49060 2582 DIRECT STUDENT COSTS 755896 755896 CHARTER ADMINSTRATION F 70954 70954 DUES AND FEES 22208 21098 1110 BAD DEBT EXPENSE 282 282 24110 24110 11715741 7945543 3770198 0 2681257 3592876 1555318 126984 145618 44094 15395 0 125565 10354958 0 14878111 3763954 516527 3511133 10347128 0 10863655 3511133 X 3971308 252821 43148 0 4014456 252821 14878111 3763954 -3761635 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 8243921 289815 289815 7954106 0 7954106 8616571 0 8616571 3099170 3099170 11715741 PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE SCHOOL PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2025, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF JUNE 30, 2025, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2022 THROUGH 2025, REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE SCHOOL FILES TAX RETURNS. IT IS THE SCHOOL'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS 289,815. PART XII, LINE 4B - OTHER ADJUSTMENTS: COSTS INCURRED IN LIQUIDATION 3,099,170. PART XI AND PART XII UNDER THE LIQUIDATION BASIS, ASSETS ARE PRESENTED AT THEIR ESTIMATED NET REALIZABLE VALUE, WHICH IS THE ESTIMATED CASH PROCEEDS FROM THEIR SALE LESS THE COSTS TO SELL THEM. LIABILITIES ARE MEASURED AT THEIR ESTIMATED SETTLEMENT AMOUNTS, AND THE FINANCIAL STATEMENTS REFLECT THE ESTIMATED COSTS AND INCOME ASSOCIATED WITH CARRYING OUT THE LIQUIDATION. THE FINANCIAL STATEMENTS OF THE SCHOOL AS OF AND FOR THE YEARS ENDED JUNE 30, 2025 AND 2024, WERE PREPARED ON THE GOING CONCERN BASIS OF ACCOUNTING, WHICH IS THE ACCRUAL BASIS THAT ASSUMES THE SCHOOL WILL CONTINUE TO OPERATE INDEFINITELY AND MEET ITS FINANCIAL OBLIGATIONS, IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA (U.S. GAAP). THE ADJUSTMENTS REPRESENT AMOUNTS RECORDED IN LIQUIDATION. 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL WAS A PUBLIC CHARTER SCHOOL AND WAS OPERATING UNDER CONTRACT WITH THE DC GOVERNMENT. REV. PROC 75-50 DOES NOT APPLY TO PUBLIC CHARTER SCHOOLS. ALL FEDERAL RULES AND GUIDELINES FOR FEDERAL FUNDING APPLY TO THE CHARTER SCHOOL. SCHEDULE E, PART I, LINE 4 THE SCHOOL WAS PUBLIC CHARTER SCHOOL AND WAS OPERATING UNDER A CONTRACT WITH THE DC GOVERNMENT. REV. PROC 75-50 DOES NOT APPLY. SCHEDULE E, PART I, LINE 6 THE SCHOOL WAS OPERATING UNDER A CONTRACT WITH THE DC GOVERNMENT AND RECEIVED FUNDING FROM DC GOVERNMENT DURING THE CURRENT FISCAL YEAR. X X 0 0 0 0 0 0 0 0 0 CLIFFORD OWENS SCHOOL PRINCIPAL 181057 0 4500 0 0 0 18295 0 0 0 203852 0 0 0 FURNITURE AND EQUIPMENT 2025-06-30 270315 FMV 465320551 HARMONY DC PUBLIC CHARTER SCHOOLS 62 T STREET NE WASHINGTON DC 20002 501(C)(3) COMPUTER EQUIPMENT 2025-06-30 333897 FMV 465320551 HARMONY DC PUBLIC CHARTER SCHOOLS 62 T STREET NE WASHINGTON DC 20002 501(C)(3) SOFTWARE 2025-06-30 56310 FMV 465320551 HARMONY DC PUBLIC CHARTER SCHOOLS 62 T STREET NE WASHINGTON DC 20002 501(C)(3) LEASEHOLD IMPROVEMENTS 2025-06-30 272855 FMV 465320551 HARMONY DC PUBLIC CHARTER SCHOOLS 62 T STREET NE WASHINGTON DC 20002 501(C)(3) 0 0 0 0 1 1 1 1 0 PART I, LINE 3 AS PART OF THE LIQUIDATION PROCESS, THE SCHOOL WAS REQUIRED TO TRANSFER THE MAJORITY OF ITS PROPERTY AND EQUIPMENT TO THE LANDLORD OF THE BUILDING FACILITIES WHERE THE SCHOOL CONDUCTED ITS OPERATIONS WITHOUT PAYMENT FROM THE OTHER PUBLIC CHARTER SCHOOL (SEE NOTE 5 FOR ADDITIONAL INFORMATION). AS OF JUNE 30, 2025 (IN LIQUIDATION), THE SCHOOL TRANSFERRED APPROXIMATELY $290,000 OF THE NET BOOK VALUE OF EQUIPMENT TO ANOTHER PUBLIC CHARTER SCHOOL. FORM 990, PART I, LINE 1 HOPE COMMUNITY PROVIDES SCHOLARS WITH EXPERIENCES TO ENHANCE THEIR EDUCATION. THESE EXPERIENCES INCORPORATE SCIENCE, TECHNOLOGY, ENGINEERING, THE ARTS, AND MATH (STEAM) INTO PROJECTS THAT CONNECTS OUR SCHOOL FROM PK 3- 8TH GRADE. ALONG WITH OUR EUREKA MATH AND INTO READING ACADEMIC CORE CURRICULUM, WE ALSO SUPPORT OUR SCHOLARS COLLABORATIVELY WITH CONFLICT RESOLUTION PRACTICES AND SUPPORT INDIVIDUALS WITH PERSONAL STRATEGIES TO SUPPORT THEIR SOCIAL EMOTIONAL HEALTH THROUGH OUR SEL CURRICULUM, SECOND STEPS. FOR SCHOLARS THAT NEED ADDITIONAL ACADEMIC SUPPORT, HOPE COMMUNITY EMPLOYEES MULTIPLE MATH AND READING INTERVENTIONISTS THAT UTILIZE HIGH QUALITY SUPPLEMENTAL CURRICULUM WHICH DIRECTLY COMPLIMENTS OUR CORE CURRICULUM. AT HOPE COMMUNITY WE CELEBRATE DIVERSITY. WE ARE PROUD TO SERVE SCHOLARS WHO ARE LEARNING ENGLISH THROUGH OUR ELL PROGRAMMING AND RECEIVE DIRECT SUPPORT FROM OUR ELL TEACHERS AND BILINGUAL PARENT LIAISON. ON APRIL 24, 2025, THE SCHOOL'S BOARD OF DIRECTORS VOTED TO APPROVE THE CLOSURE OF THE SCHOOL. THE BOARD APPROVED A PLAN OF LIQUIDATION EFFECTIVE JUNE 30, 2025, AND RELINQUISHED ITS CHARTER WITH DC PCSB. AS A RESULT, THE SCHOOL HAS CEASED ALL BUSINESS OPERATIONS AND ADOPTED THE LIQUIDATION BASIS OF ACCOUNTING AS OF JUNE 30, 2025 (AS PRESENTED IN THE FINANCIAL STATEMENTS IN LIQUIDATION). FORM 990, PART VI, SECTION A, LINE 3 PHALEN LEADERHSIP ACADEMY ACTS AS THE MANAGEMENT COMPANY AND OVERSEES ALL ACADEMIC, STAFF AND STATE REPORTING PROCESSES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS SUBMITTED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO SUBMITTING TO THE IRS. MANAGEMENT ALSO REVIEWS THE FORM 990 PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C SCHOOL LEADERSHIP WORKS WITH COMPLIANCE AND LEGAL TEAMS TO REVIEW AND PLAN ACCORDINGLY. POLICY COVERS ALL EMPLOYEES, SCHOOL LEADERSHIP REVIEWS THE CONFLICT AND LEGAL TEAM AND HUMAN RESOURCES DETERMINES WHETHER AN ACTUAL CONFLICT EXISTS AND IF ANY RESTRICITIONS ARE NEEDED. FORM 990, PART VI, SECTION B, LINE 15 SALARY LEVELS FOR SCHOOL LEADERS ARE REVIEWED AND APPROVED BY THE MANAGEMENT COMPANY. 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 PROCESS HAS NOT CHANGED FROM PRIOR YEAR.