Civic Intelligence

Bdc a Public Charter School Inc.

990 • Fiscal year 2017 • EIN 45-3369822

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 15, 2018

410 8th Street NWWashington, DC 20004

(202) 808-0643

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

60th percentile

0.27x

Higher debt load relative to assets than 60% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

24th percentile

0.05x

Higher debt load relative to revenue than 24% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

34th percentile

-0.6%

Higher net margin than 34% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

46th percentile

2.8%

Faster asset growth than 46% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

40th percentile

1.3%

Faster revenue growth than 40% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,819,912

Up $50,106 (+2.8%) from 2016

Net Assets

Down

$1,335,465

Down $57,631 (-4.1%) from 2016

Liabilities

Up

$484,447

Up $107,737 (+29%) from 2016

Revenue

Up

$9,219,552

Up $121,848 (+1.3%) from 2016

Expenses

Up

$9,277,183

Up $1,262,282 (+16%) from 2016

Net Income

Down

-$57,631

Down $1,140,434 (-105%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0-$10MAssets 2012: $141,305Liabilities 2012: $215,3342012Assets 2013: $873,863Liabilities 2013: $553,282Net Assets 2013: $320,5812013Assets 2014: $828,312Liabilities 2014: $822,779Net Assets 2014: $5,5332014Assets 2015: $673,700Liabilities 2015: $363,407Net Assets 2015: $310,2932015Assets 2016: $1,769,806Liabilities 2016: $376,710Net Assets 2016: $1,393,0962016Assets 2017: $1,819,912Liabilities 2017: $484,447Net Assets 2017: $1,335,4652017Assets 2018: $2,344,385Liabilities 2018: $742,133Net Assets 2018: $1,602,2522018Assets 2019: $2,792,698Liabilities 2019: $589,103Net Assets 2019: $2,203,5952019Assets 2020: $3,310,751Liabilities 2020: $515,034Net Assets 2020: $2,795,7172020Assets 2021: $5,085,376Liabilities 2021: $661,117Net Assets 2021: $4,424,2592021Assets 2022: $6,612,597Liabilities 2022: $1,119,270Net Assets 2022: $5,493,3272022Assets 2023: $28,940,347Liabilities 2023: $29,859,218Net Assets 2023: -$918,8712023Assets 2024: $28,694,378Liabilities 2024: $28,368,613Net Assets 2024: $325,7652024

Highlighted filing

2017

Assets$1,819,912
Liabilities$484,447
Net Assets$1,335,465

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MRevenue 2012: $197,942Expenses 2012: $271,971Net Income 2012: -$74,0292012Expenses 2013: $6,021,7802013Revenue 2014: $7,548,450Expenses 2014: $7,863,498Net Income 2014: -$315,0482014Revenue 2015: $8,320,915Expenses 2015: $8,114,592Net Income 2015: $206,3232015Revenue 2016: $9,097,704Expenses 2016: $8,014,901Net Income 2016: $1,082,8032016Revenue 2017: $9,219,552Expenses 2017: $9,277,183Net Income 2017: -$57,6312017Revenue 2018: $9,878,939Expenses 2018: $9,612,152Net Income 2018: $266,7872018Revenue 2019: $10,807,145Expenses 2019: $10,205,802Net Income 2019: $601,3432019Revenue 2020: $11,181,085Expenses 2020: $10,588,963Net Income 2020: $592,1222020Revenue 2021: $12,257,470Expenses 2021: $10,628,928Net Income 2021: $1,628,5422021Revenue 2022: $13,066,357Expenses 2022: $11,997,289Net Income 2022: $1,069,0682022Revenue 2023: $14,034,958Expenses 2023: $13,632,920Net Income 2023: $402,0382023Revenue 2024: $16,351,436Expenses 2024: $15,106,800Net Income 2024: $1,244,6362024

Highlighted filing

2017

Revenue$9,219,552
Expenses$9,277,183
Net Income-$57,631
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 15, 2018
Return Version
2016v3.1
Gross Receipts
$9,221,215
Mission and Program Overview

Mission

Basis dc will provide an accelerated liberal arts education at internationally competitive levels for all students. The rigorous college preparatory education at basis readies students for college admission process, helps them become eligible for scholarships, prepares them to prosper at top colleges, and enriches their lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,461,589$1,485,045▲ $23,456
Land, Buildings, and Equipment, Net$216,222$197,839▼ $18,383
Accounts Receivable$44,959$52,355▲ $7,396
Pledges and Grants Receivable$18,465$49,537▲ $31,072
Prepaid Expenses and Deferred Charges$27,196$33,761▲ $6,565
Total Assets$1,769,806$1,819,912▲ $50,106
Other Assets Total$1,375$1,375→ $0
Liabilities
Accounts Payable and Accrued Expenses$320,674$372,904▲ $52,230
Other Liabilities$50,961$108,811▲ $57,850
Deferred Revenue$5,075$2,732▼ $2,343
Total Liabilities$376,710$484,447▲ $107,737
Net Assets / Fund Balance
Unrestricted Net Assets$1,224,763$1,173,191▼ $51,572
Temporarily Rstr Net Assets$168,333$162,274▼ $6,059
Total Net Assets Fund Balance$1,393,096$1,335,465▼ $57,631
Total Liabilities and Net Assets / Fund Balance$1,769,806$1,819,912▲ $50,106

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$127,926$266,166$394,092
Other Land Buildings$55,162$163,005$218,167
Leasehold Improvements$14,751$1,759$16,510
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Basis Educational GroupLeased Employee7975 N HAYDEN ROAD SUITE B100, Scottsdale, AZ 85258$5,236,640
Basis Educational GroupManagement Fees7975 N HAYDEN ROAD SUITE B100, Scottsdale, AZ 85258$992,839
Preferred Meal Systems INCFood Service8152 SOLUTIONS CENTER, Chicago, IL 60677$137,657
Professional Maintenance ManagementJanitorial Svc15938 DERWOOD ROAD, Rockville, MD 20855$114,386
Revenue and Support

Revenue Composition

Contributions and Grants
$368,345
Program Service Revenue
$8,852,870
Investment Income
$-1,663
Other Revenue
$0
All Other Contributions
$156,854
Change in Net Assets
$-57,631

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,219,552
Total Revenue per Audited Statements
$9,219,552
Total Revenue per Form 990
$9,219,552
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,268,292
Other Expenses$4,008,891
Total Fundraising Expense$48,233
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,935,717$156,538$12,301$4,104,556
Occupancy$1,875,320$119,754-$1,995,074
Fees for Services Management$933,244$59,595-$992,839
Payroll Taxes$337,235$21,535$2,884$361,654
Current Officers, Directors, Trustees, and Key Employees$220,227$108,852$23,235$352,314
Other Employee Benefits$309,583$19,769$2,647$331,999
Pension Plan Contributions$109,817$7,013$939$117,769
Depreciation Depletion$110,538$4,266-$114,804
All Other Expenses$73,344$8,548$3,953$85,845
Fees for Services Other$76,998--$76,998
Insurance$63,883$4,079-$67,962
Information Technology$49,800$3,181-$52,981
Travel$49,104$3,135-$52,239
Other Expenses$45,990$2,936-$48,926
Office Expenses$41,367$2,642$1,302$45,311
Fees for Services Accounting$9,724$25,149$83$34,956
Advertising$24,048--$24,048
Fees for Services Legal$8,325--$8,325
Conferences and Meetings$782$49$889$1,720
Total Functional Expenses$8,676,468$552,482$48,233$9,277,183

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,277,183
Total Expenses per Audited Statements$9,277,183
Total Expenses per Form 990$9,277,183
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Basis Educational Group$108,811
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Michael cohen craig barrett president board member business relationship

Form 990, Page 6, Part VI, Line 3

Basis educational group is our educational management company which oversees all of our management duties.

Form 990, Page 6, Part VI, Line 6

As enacted by the articles of incorporation, basis dc has a sole member with voting rights as well as other rights and privileges as authorized by its governing documents. The sole member is basis school, inc., a separately incorporated arizona not-for-profit 501(c)(3) organization that operates multiple charter schools.

Form 990, Page 6, Part VI, Line 7A

Basis dc has a sole member with voting rights as well as other rights and privileges as authorized by its governing documents. The sole member is basis school, inc., a separately incorporated arizona not-for-profit 501 (c)(3) organization that operates multiple charter schools. Because of these rights, the appointed agent on behalf of basis school, inc. (the member) has the ability to vote on matters as they relate to appointing one or more members of the governing body.

Form 990, Page 6, Part VI, Line 7B

For each board vacancy, the board of directors reviews the qualifications of the candidates and any other information related to such individuals reasonably requested by the board. After due inquiry and deliberation, the board fills a vacancy from qualified individuals by a majority vote of the board. Any decisions of the board that, in the reasonable opinion of the member, materially or diversely affecting the delivery or quality or the educational programs provided by basis dc can be null and void unless ratified by the member prior to the implementation by the board.

Form 990, Page 6, Part VI, Line 11B

The executive director of bdc reviews the draft of the form 990 as prepared by the auditors and recommends it to the full board of directors for acceptance, including possible revisions. Once accepted, the 990 return is executed by the executive director.

Form 990, Page 6, Part VI, Line 12C

Annually board members and staff complete a conflict of interest disclosure form identifying any relationships or circumstances which the board or staff member believes could contribute to a conflict of interest. Basis dc collects the disclosures. Procedures; a.prior to board action on a contract or other transaction involving a conflict of interest, a board member having a conflict of interest shall disclose all facts material to the conflict or interest. Such disclosures shall be reflected in the minutes of the meeting. B.a person who has a conflict of interest shall not participate in the decision except to disclose material facts and to respond to questions. C.the person having a conflict of interest may not vote on the contract or transaction. D.staff members who have a conflict of interest with respect to a contract or transaction that is not the subject of board action shall disclose to the board chair any such conflict of interest. That staff member shall refrain from any action that may affect the basis dc's participation in such contract or transaction. In the event it is not entirely clear that a conflict of interest exists, the individual with the potential conflict shall disclose the circumstances to the board president of basis dc.

Form 990, Page 6, Part VI, Line 15A

Compensation for the top management officials, as well as the other officers of the organization is determined by basis educational group, inc., an outside management company, and is dependent upon the school's current year budget.

Form 990, Page 6, Part VI, Line 15B

Compensation for the top management officials, as well as the other officers of the organization is determined by basis educational group, inc., an outside management company, and is dependent upon the school's current year budget.

Form 990, Page 6, Part VI, Line 19

These documents and policies are provided upon request. In addition, the 990 information tax return is available for public inspection on guidestar.

Filing and Contact Details

Filer

Filer Name
Bdc a Public Charter School Inc
EIN
45-3369822
Phone
2028080643
Address
410 8TH STREET NW, WASHINGTON, DC 20004

Signing Officer

Name
Deanna Rowe
Title
Executive Director
Phone
2028080643
Signed
2018-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deanna Rowe
Formed
2011
Legal Domicile
Dc
Voting Board Members
8
Independent Board Members
6
Employees
0
Volunteers
8

Preparer

Firm
Kendall Prebola and Jones LLC
Address
PO BOX 259, BEDFORD, PA 15522-0259
Preparer
Richard M Jones CPA
Phone
8146231880
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Basis dc will provide an accelerated liberal arts education at internationally competitive levels for all students. The rigorous college preparatory education at basis readies students for college admission process, helps them become eligible for scholarships, prepares them to prosper at top colleges, and enriches their lives.

Form 990, Page 2, Part III, Line 4A

Standards but goes beyond at educating students at an internationally competitive level. The 2017 partnership for assessment of readiness for college and careers (parcc), an annual assessment, basis dc pcs was ranked top-performing and most improved public charter high schools in the district. A level 3 or higher is the target adopted by the dc public charter school board and level 4 is designated as college and career ready as established by the parcc consortium. Basis dc scored 71% in english (4+) and 75% in math (4+); 57% of basis dc students (grades 3-8) scored a 4+ in english; and 57% of all basis dc students (grades 3-8) scored a 4+ in math. 447 test takers from basis dc participated in 2017 parcc english language arts/literacy results and overall 58.3% scored a 4+ and 82.2% scored a 3+. In 2017 basis dc grades 9-13 ranked a tier 1 according to the performance management framework at 95.4% which indicates they meet standards of high performance. Basis dc grades 5-8 ranked a tier 2 meeting over-all performance standards. The 2017 average standard test scores ranked 96.94%.

Financial Statement Notes

Schedule D, Page 3, Part X

Accounting principles generally accepted in the united states of america provide consistent guidance for the accounting for uncertainty in income taxes recognized in bdc, a public charter school, inc.'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. Bdc, a public charter school, inc. Performed an evaluation of uncertain tax positions for the year ended june 30, 2017, and determined that there were no matters that would require recognition in the financial statements or that may have any effect on its tax-exempt status. As of june 30, 2017, the statute of limitations for tax years 2013 through 2015 remains open with the u.s. Federal jurisdiction or the various states and local jurisdictions in which the charter school files tax returns. It is bdc, a public charter school, inc.'s policy to recognize interest and/or penalties related to uncertain tax positions, if any, in income tax expense. As of june 30, 2017, bdc, a public charter school, inc. Had no accruals for interest and/or penalties.

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IRS990/Desc0BASIS DC OPENED IN 2012 AND HAS GROWN TO SERVING STUDENTS IN GRADES 5 THROUGH 12 WITH A STUDENT COUNT OF 597 DURING THE 2016-2017 SCHOOL YEAR. IN 2017 BASIS DC HAD THEIR FIRST GRADUATING CLASS OF SIXTEEN THAT WERE ACCEPTED TO OVER 60 DIFFERENT COLLEGES AND UNIVERSITIES, AND TOGETHER THEY EARNED OVER 2.5 MILLION IN MERIT SCHOLARSHIPS. BASIS DC PROVIDES A COMPREHENSIVE LIBERAL ARTS COLLEGE PREPARATORY EDUCATION TO A DEMOGRAPHICALLY DIVERSE MIDDLE AND HIGH SCHOOL STUDENTS IN THE DISTRICT OF COLUMBIA. THE CURRICULUM IS DESIGNED TO EMPOWER STUDENTS TO ESTABLISH A DEEP FOUNDATION OF DISCIPLINARY KNOWLEDGE TO FUEL CRITICAL THINKING, PROBLEM SOLVING, AND CREATIVITY. BASIS DC MEETS STATE ACADEMIC STANDARDS BUT GOES BEYOND AT EDUCATING STUDENTS AT AN INTERNATIONALLY COMPETITIVE LEVEL. THE 2017 PARTNERSHIP FOR ASSESSMENT OF READINESS FOR COLLEGE AND CAREERS (PARCC), AN ANNUAL ASSESSMENT, BASIS DC PCS WAS RANKED TOP-PERFORMING AND MOST IMPROVED PUBLIC CHARTER HIGH SCHOOLS IN THE DISTRICT. A LEVEL 3 OR HIGHER IS THE TARGET ADOPTED BY THE DC PUBLIC CHARTER SCHOOL BOARD AND LEVEL 4 IS DESIGNATED AS COLLEGE AND CAREER READY AS ESTABLISHED BY THE PARCC CONSORTIUM. BASIS DC SCORED 71% IN ENGLISH (4+) AND 75% IN MATH (4+); 57% OF BASIS DC STUDENTS (GRADES 3-8) SCORED A 4+ IN ENGLISH; AND 57% OF ALL BASIS DC STUDENTS (GRADES 3-8) SCORED A 4+ IN MATH. 447 TEST TAKERS FROM BASIS DC PARTICIPATED IN 2017 PARCC ENGLISH LANGUAGE ARTS/LITERACY RESULTS AND OVERALL 58.3% SCORED A 4+ AND 82.2% SCORED A 3+. IN 2017 BASIS DC GRADES 9-13 RANKED A TIER 1 ACCORDING TO THE PERFORMANCE MANAGEMENT FRAMEWORK AT 95.4% WHICH INDICATES THEY MEET STANDARDS OF HIGH PERFORMANCE. BASIS DC GRADES 5-8 RANKED A TIER 2 MEETING OVER-ALL PERFORMANCE STANDARDS. THE 2017 AVERAGE STANDARD TEST SCORES RANKED 96.94%.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN BDC, A PUBLIC CHARTER SCHOOL, INC.'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. BDC, A PUBLIC CHARTER SCHOOL, INC. PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2017, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF JUNE 30, 2017, THE STATUTE OF LIMITATIONS FOR TAX YEARS 2013 THROUGH 2015 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE CHARTER SCHOOL FILES TAX RETURNS. IT IS BDC, A PUBLIC CHARTER SCHOOL, INC.'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. AS OF JUNE 30, 2017, BDC, A PUBLIC CHARTER SCHOOL, INC. HAD NO ACCRUALS FOR INTEREST AND/OR PENALTIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS A PUBLIC CHARTER SCHOOL FREE OF CHARGE TO ALL STUDENTS WHO RESIDE IN THE DISTRICT OF COLUMBIA. ADMISSIONS ARE CONDUCTED IN ACCORDANCE WITH THE DISTRICT LAW AND ANY CHILD APPLYING IN ACCORDANCE WITH THE LAW WILL BE ADMITTED, SUBJECT SOLELY TO MAXIMUM ENROLLMENT LIMITS. THE SCHOOL DOES NOT DISCRIMINATE AGAINST ANYONE BECAUSE OF RACE, COLOR, RELIGION, GENDER, NATIONAL ORIGIN, AGE, DISABILITY OR ANY OTHER CHARACTERISTIC PROTECTED BY LAW. THE SCHOOL IS OPERATING UNDER A CONTRACT WITH THE DC GOVERNMENT. REVENUE PROCEDURE 75-50 DOES NOT APPLY TO CHARTER SCHOOLS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1BDC, A PUBLIC CHARTER SCHOOL RECEIVES PUBLIC FUNDS FROM THE DC GOVERNMENT BASED ON THE NUMBER OF STUDENTS THEY ENROLL ACCORDING TO THE UNIFORM PER STUDENT FUNDING FORMULA DEVELOPED BY THE MAYOR AND CITY COUNCIL. THIS PER PUPIL ALLOCATION IS SUPPLEMENTED WITH EXTRA FUNDS FOR STUDENTS WITH SPECIAL NEEDS. THE CHARTER SCHOOL ALSO RECEIVES GOVERNMENTAL ASSISTANCE IN THE FORM OF YEARLY GOVERNMENTAL GRANTS. MOST FUNDS ARE RECEIVED FROM THE U.S. DEPARTMENT OF EDUCATION AND THE U.S. DEPARTMENT OF AGRICULTURE PASSED THROUGH THE OFFICE OF THE STATE SUPERINTENDENT OF EDUCATION IN THE DISTRICT OF COLUMBIA.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BASIS DC WILL PROVIDE AN ACCELERATED LIBERAL ARTS EDUCATION AT INTERNATIONALLY COMPETITIVE LEVELS FOR ALL STUDENTS. THE RIGOROUS COLLEGE PREPARATORY EDUCATION AT BASIS READIES STUDENTS FOR COLLEGE ADMISSION PROCESS, HELPS THEM BECOME ELIGIBLE FOR SCHOLARSHIPS, PREPARES THEM TO PROSPER AT TOP COLLEGES, AND ENRICHES THEIR LIVES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1STANDARDS BUT GOES BEYOND AT EDUCATING STUDENTS AT AN INTERNATIONALLY COMPETITIVE LEVEL. THE 2017 PARTNERSHIP FOR ASSESSMENT OF READINESS FOR COLLEGE AND CAREERS (PARCC), AN ANNUAL ASSESSMENT, BASIS DC PCS WAS RANKED TOP-PERFORMING AND MOST IMPROVED PUBLIC CHARTER HIGH SCHOOLS IN THE DISTRICT. A LEVEL 3 OR HIGHER IS THE TARGET ADOPTED BY THE DC PUBLIC CHARTER SCHOOL BOARD AND LEVEL 4 IS DESIGNATED AS COLLEGE AND CAREER READY AS ESTABLISHED BY THE PARCC CONSORTIUM. BASIS DC SCORED 71% IN ENGLISH (4+) AND 75% IN MATH (4+); 57% OF BASIS DC STUDENTS (GRADES 3-8) SCORED A 4+ IN ENGLISH; AND 57% OF ALL BASIS DC STUDENTS (GRADES 3-8) SCORED A 4+ IN MATH. 447 TEST TAKERS FROM BASIS DC PARTICIPATED IN 2017 PARCC ENGLISH LANGUAGE ARTS/LITERACY RESULTS AND OVERALL 58.3% SCORED A 4+ AND 82.2% SCORED A 3+. IN 2017 BASIS DC GRADES 9-13 RANKED A TIER 1 ACCORDING TO THE PERFORMANCE MANAGEMENT FRAMEWORK AT 95.4% WHICH INDICATES THEY MEET STANDARDS OF HIGH PERFORMANCE. BASIS DC GRADES 5-8 RANKED A TIER 2 MEETING OVER-ALL PERFORMANCE STANDARDS. THE 2017 AVERAGE STANDARD TEST SCORES RANKED 96.94%.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MICHAEL COHEN CRAIG BARRETT PRESIDENT BOARD MEMBER BUSINESS RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BASIS EDUCATIONAL GROUP IS OUR EDUCATIONAL MANAGEMENT COMPANY WHICH OVERSEES ALL OF OUR MANAGEMENT DUTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AS ENACTED BY THE ARTICLES OF INCORPORATION, BASIS DC HAS A SOLE MEMBER WITH VOTING RIGHTS AS WELL AS OTHER RIGHTS AND PRIVILEGES AS AUTHORIZED BY ITS GOVERNING DOCUMENTS. THE SOLE MEMBER IS BASIS SCHOOL, INC., A SEPARATELY INCORPORATED ARIZONA NOT-FOR-PROFIT 501(C)(3) ORGANIZATION THAT OPERATES MULTIPLE CHARTER SCHOOLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BASIS DC HAS A SOLE MEMBER WITH VOTING RIGHTS AS WELL AS OTHER RIGHTS AND PRIVILEGES AS AUTHORIZED BY ITS GOVERNING DOCUMENTS. THE SOLE MEMBER IS BASIS SCHOOL, INC., A SEPARATELY INCORPORATED ARIZONA NOT-FOR-PROFIT 501 (C)(3) ORGANIZATION THAT OPERATES MULTIPLE CHARTER SCHOOLS. BECAUSE OF THESE RIGHTS, THE APPOINTED AGENT ON BEHALF OF BASIS SCHOOL, INC. (THE MEMBER) HAS THE ABILITY TO VOTE ON MATTERS AS THEY RELATE TO APPOINTING ONE OR MORE MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FOR EACH BOARD VACANCY, THE BOARD OF DIRECTORS REVIEWS THE QUALIFICATIONS OF THE CANDIDATES AND ANY OTHER INFORMATION RELATED TO SUCH INDIVIDUALS REASONABLY REQUESTED BY THE BOARD. AFTER DUE INQUIRY AND DELIBERATION, THE BOARD FILLS A VACANCY FROM QUALIFIED INDIVIDUALS BY A MAJORITY VOTE OF THE BOARD. ANY DECISIONS OF THE BOARD THAT, IN THE REASONABLE OPINION OF THE MEMBER, MATERIALLY OR DIVERSELY AFFECTING THE DELIVERY OR QUALITY OR THE EDUCATIONAL PROGRAMS PROVIDED BY BASIS DC CAN BE NULL AND VOID UNLESS RATIFIED BY THE MEMBER PRIOR TO THE IMPLEMENTATION BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE EXECUTIVE DIRECTOR OF BDC REVIEWS THE DRAFT OF THE FORM 990 AS PREPARED BY THE AUDITORS AND RECOMMENDS IT TO THE FULL BOARD OF DIRECTORS FOR ACCEPTANCE, INCLUDING POSSIBLE REVISIONS. ONCE ACCEPTED, THE 990 RETURN IS EXECUTED BY THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ANNUALLY BOARD MEMBERS AND STAFF COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS OR CIRCUMSTANCES WHICH THE BOARD OR STAFF MEMBER BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST. BASIS DC COLLECTS THE DISCLOSURES. PROCEDURES; A.PRIOR TO BOARD ACTION ON A CONTRACT OR OTHER TRANSACTION INVOLVING A CONFLICT OF INTEREST, A BOARD MEMBER HAVING A CONFLICT OF INTEREST SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OR INTEREST. SUCH DISCLOSURES SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. B.A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN THE DECISION EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. C.THE PERSON HAVING A CONFLICT OF INTEREST MAY NOT VOTE ON THE CONTRACT OR TRANSACTION. D.STAFF MEMBERS WHO HAVE A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT IS NOT THE SUBJECT OF BOARD ACTION SHALL DISCLOSE TO THE BOARD CHAIR ANY SUCH CONFLICT OF INTEREST. THAT STAFF MEMBER SHALL REFRAIN FROM ANY ACTION THAT MAY AFFECT THE BASIS DC'S PARTICIPATION IN SUCH CONTRACT OR TRANSACTION. IN THE EVENT IT IS NOT ENTIRELY CLEAR THAT A CONFLICT OF INTEREST EXISTS, THE INDIVIDUAL WITH THE POTENTIAL CONFLICT SHALL DISCLOSE THE CIRCUMSTANCES TO THE BOARD PRESIDENT OF BASIS DC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9COMPENSATION FOR THE TOP MANAGEMENT OFFICIALS, AS WELL AS THE OTHER OFFICERS OF THE ORGANIZATION IS DETERMINED BY BASIS EDUCATIONAL GROUP, INC., AN OUTSIDE MANAGEMENT COMPANY, AND IS DEPENDENT UPON THE SCHOOL'S CURRENT YEAR BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10COMPENSATION FOR THE TOP MANAGEMENT OFFICIALS, AS WELL AS THE OTHER OFFICERS OF THE ORGANIZATION IS DETERMINED BY BASIS EDUCATIONAL GROUP, INC., AN OUTSIDE MANAGEMENT COMPANY, AND IS DEPENDENT UPON THE SCHOOL'S CURRENT YEAR BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11THESE DOCUMENTS AND POLICIES ARE PROVIDED UPON REQUEST. IN ADDITION, THE 990 INFORMATION TAX RETURN IS AVAILABLE FOR PUBLIC INSPECTION ON GUIDESTAR.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.7$28.4$0.33$16.4$15.1$1.24
2023Summary only. Only limited summary data is available for this year.$28.9$29.9$0.92$14.0$13.6$0.40
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.61$1.12$5.49$13.1$12.0$1.07
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.09$0.66$4.42$12.3$10.6$1.63
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.31$0.52$2.80$11.2$10.6$0.59
2019Summary only. Only limited summary data is available for this year.$2.79$0.59$2.20$10.8$10.2$0.60
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.34$0.74$1.60$9.88$9.61$0.27
2017Detailed filing. Detailed filing data is available for this year.$1.82$0.48$1.34$9.22$9.28$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.77$0.38$1.39$9.10$8.01$1.08
2015Detailed filing. Detailed filing data is available for this year.$0.67$0.36$0.31$8.32$8.11$0.21
2014Detailed filing. Detailed filing data is available for this year.$0.83$0.82$0.01$7.55$7.86$0.32
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.55$0.32$6.02
2012Summary only. Only limited summary data is available for this year.$0.14$0.22$0.20$0.27$0.07