2026-05-12T14:01:11-05:00 2025-06-30 331374517 PKF O'CONNOR DAVIES ADVISORY LLC 300 TICE BOULEVARD SUITE 315 WOODCLIFF LAKE NJ 07677 990 2024-07-01 202395640 CORPORATION OF THE WASHINGTON LATIN SCHOOL CORP 2022231111 5200 2ND ST NW WASHINGTON DC 20011 PETER ANDERSON HEAD OF SCHOOL 2022231111 2026-05-12 1 1 SACHA RICHARDS P01378509 2017129800 2026-05-12 2024 2025-03-06 01:10:19Z WASHINGTON LATIN PUBLIC CHARTER SCHOOL PETER ANDERSON 5200 2ND ST NW WASHINGTON DC 20011 32378114 0 X LATINPCS.ORG X 2005 DC TO PROVIDE A RIGOROUS, CLASSICAL EDUCATION TO PUBLIC SCHOOL MIDDLE AND HIGH SCHOOL STUDENTS FROM ACROSS THE DISTRICT OF COLUMBIA. 10 10 296 75 0 0 4319468 3611938 23376451 28471807 322934 280043 19706 14326 28038559 32378114 0 0 0 0 17714303 18818841 0 0 260048 7857882 9335458 25572185 28154299 2466374 4223815 56512325 76571087 31830910 48422313 24681415 28148774 X TO PROVIDE A RIGOROUS, CLASSICAL EDUCATION TO PUBLIC SCHOOL MIDDLE AND HIGH SCHOOL STUDENTS FROM ACROSS THE DISTRICT OF COLUMBIA. 0 0 25688923 0 28471807 WASHINGTON LATIN PCS OFFERS A CLASSICAL EDUCATION FOR THE MODERN WORLD AS A SMALL NETWORK OF PUBLIC CHARTER SCHOOLS OPEN TO STUDENTS WHO RESIDE IN THE DISTRICT OF COLUMBIA. DURING THE 2024-2025 SCHOOL YEAR, OUR ENROLLMENT WAS 746 STUDENTS AT OUR 2ND STREET CAMPUS (GRADES 5-12) AND 384 STUDENTS AT THE ANNA JULIA COOPER CAMPUS (GRADES 5-8). THE COOPER CAMPUS OPENED IN 2022 WITH GRADES 5 AND 6, AND WE ARE ADDING ONE ADDITIONAL GRADE EACH YEAR UNTIL WE REACH OUR FULL COMPLEMENT OF GRADES 5-12 IN THE 2028-2029 SCHOOL YEAR.AT LATIN, WE AIM FOR A DIVERSE AND REPRESENTATIVE STUDENT BODY AND HAVE ENROLLED STUDENTS FROM EACH OF THE EIGHT WARDS OF WASHINGTON, DC, IN EVERY ONE OF OUR 19 YEARS. ANY STUDENT IN GRADES 5 THROUGH 12 WHO IS EAGER TO LEARN AND WILLING TO WORK TOWARD AN EXCELLENT EDUCATION WILL FIND OUR PROGRAM REWARDING AND WILL GRADUATE PREPARED FOR COLLEGE OR CAREER.OUR PRIMARY SOURCES OF SUPPORT ARE LOCAL APPROPRIATIONS FOR PUBLIC SCHOOLS FROM THE DISTRICT OF COLUMBIA AND FEDERAL ENTITLEMENT FUNDING THROUGH THE OFFICE OF THE STATE SUPERINTENDENT OF EDUCATION. IN ADDITION, WE COLLECT STUDENT ACTIVITY FEES AND RECEIVE GRANTS AND DONATIONS FROM PRIVATE FOUNDATIONS, CORPORATIONS, AND INDIVIDUALS.CURRICULUM AND INSTRUCTION:INHERENT IN OUR SCHOOL'S DESIGN IS A PURPOSEFUL TENSION BETWEEN THE IDEALS OF CLASSICAL EDUCATION AND THE REALITIES OF THE MODERN WORLD. AS A CLASSICAL SCHOOL, WE ALIGN OURSELVES WITH THE ESTABLISHED WISDOM OF THE ANCIENTS, PARTICULARLY THE CULTURES OF GREECE AND ROME. AT THE SAME TIME, WE STRIVE TO CONVEY THESE LEGACIES WITHIN AN ENVIRONMENT THAT REFLECTS THE BEST OF CONTEMPORARY LIFE, INCLUDING A COMMITMENT TO DIVERSITY AND A VARIETY OF PEDAGOGICAL APPROACHES.WE EMPLOY BOTH TRADITIONAL METHODS - SUCH AS REPETITION AND SOCRATIC DIALOGUE - AND CONTEMPORARY INNOVATIONS, INCLUDING TECHNOLOGY AND COOPERATIVE LEARNING. THIS BALANCE BETWEEN CLASSICAL AND MODERN IS EXPLORED THROUGH A BROAD LIBERAL ARTS CURRICULUM CENTERED ON THE PURSUIT OF TRUTH, BEAUTY, AND GOODNESS. THE LIBERAL ARTS PROVIDE STUDENTS WITH A MULTIFACETED VIEW OF THE WORLD AND PREPARE THEM TO BE THOUGHTFUL GLOBAL CITIZENS. WE ENCOURAGE STUDENTS TO QUESTION ASSUMPTIONS, BROADEN THEIR PERSPECTIVES, AND DEVELOP CONFIDENCE, EMPATHY, AND FLEXIBILITY. OUR GOAL IS TO PROMOTE THE DEVELOPMENT OF THE AUTONOMOUS SELF AND SUPPORT STUDENTS IN PURSUING THEIR FULLER HUMANITY.WE HAVE A STABLE AND DEDICATED FACULTY WHO BRING DEEP INSTRUCTIONAL EXPERTISE AND PASSION FOR THEIR SUBJECT AREAS TO THE CLASSROOM. WE ALSO MAINTAIN A COMMITMENT TO SMALL CLASS SIZES, ALLOWING TEACHERS TO PROVIDE PERSONALIZED ATTENTION TO ALL STUDENTS, INCLUDING THOSE WITH DISABILITIES AND LANGUAGE DIFFERENCES.HIGHLIGHTS OF WASHINGTON LATIN'S ACCOMPLISHMENTS:INCLUDING THE 2024-2025 SCHOOL YEAR, WASHINGTON LATIN HAS BEEN OPEN FOR 19 YEARS AND HAS SUCCESSFULLY MET THE REQUIREMENTS OF OUR AUTHORIZER, THE DC PUBLIC CHARTER SCHOOL BOARD, WHICH RENEWED OUR 15-YEAR CHARTER IN 2022. WE ARE ALSO ACCREDITED BY COGNIA (2023-2029).IN RESPONSE TO STRONG DEMAND, WE OPENED OUR SECOND CAMPUS, THE ANNA JULIA COOPER CAMPUS, IN AUGUST 2022 WITH 163 STUDENTS IN GRADES 5 AND 6. IN 2023-2024, WE ADDED 7TH GRADE, AND IN 2024-2025, WE ADDED 8TH GRADE. WE WILL CONTINUE ADDING ONE GRADE EACH YEAR UNTIL REACHING FULL ENROLLMENT OF APPROXIMATELY 740 STUDENTS IN GRADES 5-12.WASHINGTON LATIN PURCHASED A PERMANENT HOME FOR THE COOPER CAMPUS AT 4301 HAREWOOD ROAD IN SEPTEMBER 2022. RENOVATION AND NEW CONSTRUCTION WILL BE COMPLETED IN AUGUST 2025.IN RECENT DC-WIDE STANDARDIZED TESTING (PARCC ASSESSMENTS ADMINISTERED EACH SPRING), WASHINGTON LATIN STUDENTS SCORED AT OR NEAR THE TOP IN BOTH ENGLISH LANGUAGE ARTS (ELA) AND MATHEMATICS. OUR ELA SCORES WERE THE HIGHEST OF ANY NON-SELECTIVE DCPS OR PUBLIC CHARTER SCHOOL IN THE DISTRICT.OUR FIRST CLASS GRADUATED IN 2012; THE CLASS OF 2025 WILL BE OUR 14TH GRADUATING CLASS.OUR FACULTY RETENTION IS STRONG, PARTICULARLY COMPARED TO OTHER PUBLIC CHARTER SCHOOLS IN DC AND NATIONALLY. OUR ANNUAL RETENTION RATE IS 85-90%, AND MORE THAN ONE QUARTER OF OUR FACULTY HAVE BEEN WITH US FOR 10 YEARS OR MORE. WE ARE ESPECIALLY PROUD THAT MANY OF OUR OWN GRADUATES HAVE RETURNED TO WORK AT THE SCHOOL; 10% OF OUR FACULTY ARE WASHINGTON LATIN ALUMNI. 25688923 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 64 0 296 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X PETER ANDERSON 2022231111 5200 2ND ST NW WASHINGTON DC 20011 KENNETH MERRITT PRESIDENT 3.00 X X 0 0 0 LAURIE BALLENGER VICE PRESIDENT 3.00 X X 0 0 0 ELIZABETH PAISNER TREASURER 3.00 X X 0 0 0 BRENDAN WILLIAMS-KIEF SECRETARY 3.00 X X 0 0 0 SASHA GAYE ANGUS GOVERNOR THRU 6/1/2025 3.00 X 0 0 0 BARRY CALDWELL GOVERNOR THRU 6/25/25 3.00 X 0 0 0 ALYSE GRAHAM GOVERNOR THRU 6/1/2025 3.00 X 0 0 0 PRIYA JAYACHANDRAN GOVERNOR 3.00 X 0 0 0 ANNA JESSEMAN GOVERNOR THRU 5/1/2025 3.00 X 0 0 0 GLENN KAUTT GOVERNOR THRU 5/1/2025 3.00 X 0 0 0 CARL MCFADGION GOVERNOR 3.00 X 0 0 0 JOSIAH OSGOOD GOVERNOR THRU 6/1/2025 3.00 X 0 0 0 FABIANA PERERA GOVERNOR 3.00 X 0 0 0 LISA RUCKER GOVERNOR 3.00 X 0 0 0 MARGIE YEAGER GOVERNOR 3.00 X 0 0 0 ASWATHI ZACHARIAH GOVERNOR 3.00 X 0 0 0 PETER ANDERSON HEAD OF SCHOOL 40.00 X 205329 0 16389 GEOVANNA IZURIETA CHIEF FINANCIAL OFFICER 40.00 X 143786 0 18531 CAROLINE R GIFFORD CHIEF OF SCHOOLS 40.00 X 121344 0 11544 KHASHIFFA ROBERTS PRINCIPAL 40.00 X 123239 0 6615 JAMES A KELLY PRINCIPAL 40.00 X 117361 0 20548 CATHERINE G CROMWELL DIRECTOR OF EXTERNAL AFFAIRS 40.00 X 119019 0 6210 CRYSTAL C LATHAM DIRECTOR OF COLLEGE COUNSELING 40.00 X 109291 0 5087 939369 0 84924 19 0 1 0 MCN BUILD INC 1214 28TH ST NW WASHINGTON DC 20007 CONSTRUCTION SERVICES 6957057 VENPOR INVESTMENTS LLC POBOX 320402 ALEXANDRIA VA 22320 TRANSPORTATION SERVICES 618170 STUDIO TWENTY SEVEN ARCHITECTURE 805 15TH STREET NW SUITE 430 WASHINGTON DC 20005 ARCHITECTURAL SERVICES 327291 EDOPS 1140 19TH ST NW STE 650 WASHINGTON DC 20036 FINANCE SERVICES 326026 LATIN JANITORIAL SERVICES 518 ONEIDA PLACE NW WASHINGTON DC 20011 JANITORIAL SERVICES 259441 9 1315898 2296040 610 3611938 GOV'T PER-PUPIL REV. 611710 23183582 23183582 GOV'T PER-PUPIL - FACILITIES 611710 4219420 4219420 STUDENT ACTIVITY FEES 611710 1068805 1068805 28471807 280043 280043 4000 0 4000 4000 4000 SCHOOL EVENTS 900099 8441 8441 MISCELLANEOUS REVENUE 900099 1885 1885 10326 32378114 28471807 0 294369 414407 414407 15279019 14770857 427687 80475 359890 347382 10615 1893 1394892 1322070 65838 6984 1370633 1291440 72157 7036 60031 60031 549854 549854 1824625 1696062 126551 2012 454337 419225 31889 3223 166305 153453 11673 1179 2342964 2161898 164449 16617 684671 684148 523 113592 107580 6012 4795 4795 1323755 1221454 92913 9388 115153 12882 102271 STUDENT SERVICES 621314 621314 CLASSROOM SUPPLIES 467428 467428 PROF. DEVELOPMENT 234873 222445 12428 REPAIRS & MAINT. 203283 149331 49002 4950 168478 39954 2233 126291 28154299 25688923 2205328 260048 1762774 3840874 16491389 13482415 756151 634678 475406 479331 3153 3941 423640 261967 69232566 11653355 33926304 57579211 2673508 288670 56512325 76571087 2657507 11537062 23429 145657 14247609 34104320 13583999 2000000 1318366 635274 31830910 48422313 X 21034261 24736797 3647154 3411977 24681415 28148774 56512325 76571087 X 4223815 -744890 -11566 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4042500 4042500 12570554 12570554 20300428 9887958 10412470 2251361 1765397 485964 30067723 30067723 57579211 LEASE LIABILITIES 63954 INTEREST RATE SWAP 571320 635274 X 32427364 60816 60816 32366548 11566 11566 32378114 28215115 60816 60816 28154299 0 28154299 PART X, LINE 2: THE CHARTER SCHOOL RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CHARTER SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE CHARTER SCHOOL IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR THE YEARS PRIOR TO JUNE 30, 2022. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF FINANCE LEASE 11,566. 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 AS A PUBLIC SCHOOL, SUBJECT TO OPEN ENROLLMENT, THE CHARTER SCHOOL IS NOT SUBJECT TO THE SPECIFIC GUIDELINES SET FORTH IN REV. PROC. 75-50 AND AS MODIFIED BY REV. PROC. 2019-22. SCHEDULE E, PART I, LINE 4 (B) THE SCHOOL IS A FREE PUBLIC SCHOOL AND DOES NOT AWARD SCHOLARSHIPS OR FINANCIAL ASSISTANCE. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES PER-PUPIL FUNDING FROM THE DC STATE BOARD OF EDUCATION UNDER THEIR CHARTER AGREEMENT. THE SCHOOL ALSO RECEIVES VARIOUS FEDERAL, STATE AND CITY FUNDS INCLUDING FEDERAL ENTITLEMENTS TO ASSIST WITH COVERING THE COST OF CERTAIN PROGRAMS. ADDITIONALLY, THE SCHOOL RECEIVED THE EMPLOYEE RETENTION CREDIT. X X X 0 0 0 0 0 0 0 1 0 PETER ANDERSON HEAD OF SCHOOL 205099 0 230 0 0 0 8302 0 8087 0 221718 0 0 0 GEOVANNA IZURIETA CHIEF FINANCIAL OFFICER 143407 0 379 0 0 0 5783 0 12748 0 162317 0 0 0 PART I, LINE 7 THE ORGANIZATION PAID DISCRETIONARY BONUSES IN 2024. A DISTRICT OF COLUMBIA REVENUE BOND SERIES 2020 536001131 000000000 2020-04-09 14500000 REFINANCE LOANS 0 0 0 B DISTRICT OF COLUMBIA REVENUE BOND SERIES 2024 536001131 000000000 2024-07-18 50000000 REFINANCE LOANS, SCHOOL CONSTRUCTION AND IMPROVEMENTS 0 0 0 A 14500000 14500000 290000 400221 13809779 2017 0 0 1 1 B 50000000 12452404 22425600 15121996 2025 1 1 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 0 1 0 1 1 TRUIST BANK 10.000000000000 0 1 0 0 1 B 0 1 0 0 1 1 EAGLE BANK 20.000000000000 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART I, DISTRICT OF COLUMBIA (A): ON APRIL 9, 2020, THE DISTRICT OF COLUMBIA ISSUED AND SOLD REVENUE BONDS (WASHINGTON LATIN PUBLIC CHARTER SCHOOL PROJECT, SERIES 2020) TOTALING $14,500,000 TO TRUIST BANK, THE PROCEEDS OF WHICH WERE LOANED TO THE CHARTER SCHOOL FOR THE PURPOSE OF REFINANCING ALL EXISTING DEBT RELATED TO RENOVATING THE SCHOOL BUILDING LOCATED AT 5200 2ND STREET, NW, WASHINGTON, DC. THE PROCEEDS WERE USED TO EXTINGUISH THE TYPE A AND TYPE B QALICB LOANS FROM THE CDES AND A LOAN FROM BANK OF AMERICA IN THE TOTAL AMOUNT OF $13,809,779 AS WELL AS $290,000 OF THE CLOSING COSTS. IN ADDITION, A NET AMOUNT OF CASH IN THE AMOUNT OF $400,237 WAS TRANSFERRED TO THE CHARTER SCHOOL, WHICH WAS FOR REIMBURSEMENT OF QUALIFYING IMPROVEMENT COSTS. THE NOTE MATURES ON APRIL 1, 2050, AND IS CALLABLE BY TRUIST BANK ON APRIL 1, 2030. INTEREST AND PRINCIPAL PAYMENTS ARE MADE ON A MONTHLY BASIS. SCHEDULE K, PART I, DISTRICT OF COLUMBIA (B): ON JULY 1, 2024, THE DISTRICT OF COLUMBIA ISSUED AND SOLD VARIABLE RATE REVENUE BONDS (WASHINGTON LATIN PUBLIC CHARTER SCHOOL ISSUE, SERIES 2024) IN THE AMOUNT OF $50,000,000 TO EAGLE BANK. PROCEEDS FROM THIS ISSUE WERE LOANED TO THE CHARTER SCHOOL FOR THE PURPOSE OF REFINANCING EXISTING DEBT AND FOR THE CONSTRUCTION AND IMPROVEMENTS TO ITS SCHOOL BUILDING LOCATED AT 4301 HAREWOOD ROAD NE WASHINGTON DC 20017. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE ACCOUNTING STAFF AND CHIEF FINANCIAL OFFICER REVIEW THE FORM 990. ONCE REVIEWED, THE FORM 990 IS FORWARDED TO THE FINANCE COMMITTEE AND THE AUDIT COMMITTEE FOR REVIEW AND THEY RECOMMEND IT TO THE FULL BOARD OF GOVERNORS FOR APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS CONSTANTLY MONITORED BY ADMINISTRATION PERSONNEL AND THE BOARD OF DIRECTORS THROUGH REVIEW AND APPROVAL PROCEDURES. OFFICERS, DIRECTORS, AND KEY EMPLOYEES (IF ANY) ARE EXPECTED TO DECLARE IF AT ANY POINT A CONFLICT OF INTEREST ARISES. IF A POTENTIAL CONFLICT WERE TO ARISE, THE INTERESTED PERSON MUST LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE GOVERNING BOARD'S DECISION AS TO WHETHER A POTENTIAL CONFLICT OF INTEREST EXISTS IS DOCUMENTED IN THE MINUTES OF THE BOARD. ANNUALLY, BOARD MEMBERS AND STAFF COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS OR CIRCUMSTANCES WHICH THE BOARD OF GOVERNORS OR STAFF MEMBER BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S SALARY IS SET FORTH IN AN EMPLOYMENT CONTRACT, WHICH WAS NEGOTIATED BY THE BOARD PRESIDENT AT THE TIME THE HEAD OF SCHOOL WAS HIRED. A COMMITTEE OF THE BOARD REVIEWED AND APPROVED THE COMPENSATION USING BENCHMARK SALARY AND BENEFITS DATA PROVIDED BY CONSULTANTS. THE PROCESS WAS DOCUMENTED IN THE BOARD MINUTES. THE PROCESS FOR DETERMINING COMPENSATION FOR TOP OFFICIALS AND OTHER OFFICERS WAS APPROVED BY THE BOARD IN 2024. THE BOARD APPROVED A SALARY FRAMEWORK RECOMMENDED BY A THIRD PARTY COMPENSATION CONSULTANT AFTER CONDUCTING A COMPENSATION STUDY ON SALARIES FROM OTHER COMPARABLE CHARTER SCHOOLS. WITHIN THIS FRAMEWORK, THE HEAD OF SCHOOL DETERMINES THE SALARY OF TOP KEY OFFICIALS AND OFFICERS UNDER HIS SUPERVISION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: LOSS ON DISPOSAL OF FINANCE LEASE -11,566. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.