Civic Intelligence

Democracy Prep Endurance Charter School

990 • Fiscal year 2018 • EIN 45-3947399

Jul 01, 2017 to Jun 30, 2018 • Filed on May 22, 2019

Organization ProfileWWW.DEMOCRACYPREP.ORG
1767 Park Avenue 4th FloorNew York, NY 10035

(212) 281-1248

Siviq Scores

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

Liabilities / Assets

71st percentile

0.48x

Higher debt load relative to assets than 71% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

42nd percentile

0.17x

Higher debt load relative to revenue than 42% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

35th percentile

0.0%

Higher net margin than 35% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

25th percentile

$111,079

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

67th percentile

6.8%

Faster asset growth than 67% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

60th percentile

7.8%

Faster revenue growth than 60% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$3,566,161

Up $226,765 (+6.8%) from 2017

Net Assets

Flat

$1,845,747

Flat from 2017

Liabilities

Up

$1,720,414

Up $226,765 (+15%) from 2017

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin35th percentile

Revenue

Up

$10,315,598

Up $743,589 (+7.8%) from 2017

Expenses

Up

$10,315,598

Up $764,942 (+8.0%) from 2017

Net Income

Down

$0

Down $21,353 (-100%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth67th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2013: $863,075Liabilities 2013: $332,452Net Assets 2013: $530,6232013Assets 2014: $1,497,309Liabilities 2014: $576,327Net Assets 2014: $920,9822014Assets 2015: $2,382,650Liabilities 2015: $694,056Net Assets 2015: $1,688,5942015Assets 2016: $2,455,321Liabilities 2016: $630,927Net Assets 2016: $1,824,3942016Assets 2017: $3,339,396Liabilities 2017: $1,493,649Net Assets 2017: $1,845,7472017Assets 2018: $3,566,161Liabilities 2018: $1,720,414Net Assets 2018: $1,845,7472018Assets 2019: $3,970,673Liabilities 2019: $2,201,558Net Assets 2019: $1,769,1152019

Highlighted filing

2018

Assets$3,566,161
Liabilities$1,720,414
Net Assets$1,845,747
Open 2018 Filing

Operations Trend

Revenue Growth60th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2013: $2,497,066Expenses 2013: $1,966,300Net Income 2013: $530,7662013Revenue 2014: $4,181,288Expenses 2014: $3,790,929Net Income 2014: $390,3592014Revenue 2015: $6,029,186Expenses 2015: $5,261,574Net Income 2015: $767,6122015Revenue 2016: $7,303,842Expenses 2016: $7,303,842Net Income 2016: $02016Revenue 2017: $9,572,009Expenses 2017: $9,550,656Net Income 2017: $21,3532017Revenue 2018: $10,315,598Expenses 2018: $10,315,598Net Income 2018: $02018Revenue 2019: $11,923,211Expenses 2019: $11,993,543Net Income 2019: -$70,3322019

Highlighted filing

2018

Revenue$10,315,598
Expenses$10,315,598
Net Income$0
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 22, 2019
Return Version
2017v2.3
Gross Receipts
$10,351,829
Mission and Program Overview

Mission

To educate students and build scholars by providing them with a demanding academic program that prepares them for success in college and citizenship.

To educate scholars for success in the college of their choice and a life of active citizenship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,648,738$1,478,539▼ $170,199
Land, Buildings, and Equipment, Net$678,795$652,725▼ $26,070
Pledges and Grants Receivable$598,948$565,540▼ $33,408
Prepaid Expenses and Deferred Charges$72,782$331,406▲ $258,624
Cash and Non-Interest-Bearing Accounts$156,265$116,040▼ $40,225
Total Assets$3,339,396$3,566,161▲ $226,765
Other Assets Total$183,868$421,911▲ $238,043
Liabilities
Accounts Payable and Accrued Expenses$759,647$825,754▲ $66,107
Other Liabilities$483,954$656,692▲ $172,738
Unsecured Notes Loans Payable$245,219$219,452▼ $25,767
Deferred Revenue$4,829$18,516▲ $13,687
Total Liabilities$1,493,649$1,720,414▲ $226,765
Net Assets / Fund Balance
Unrestricted Net Assets$1,838,043$1,835,941▼ $2,102
Temporarily Rstr Net Assets$7,704$9,806▲ $2,102
Total Net Assets Fund Balance$1,845,747$1,845,747→ $0
Total Liabilities and Net Assets / Fund Balance$3,339,396$3,566,161▲ $226,765

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$404,287$385,532$789,819
Other Land Buildings$232,887$151,175$384,062
Leasehold Improvements$15,551$3,112$18,663
Other Assets Org$313,051--
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Katherine WilliamsonTeacherFT$106,579$4,500$111,079
Pia DandiyaPrincipalFT$102,020-$102,020

Board Members and Trustees

NameTitle
Khary BarnesBoard Chair
Kathryn Duffy StantonTrustee
Ross FrommerTrustee
Sonya CrosswellTrustee
Christina GrantTrustee (until 05/18)
Rashida LalandeTrustee (until 05/18)
Greg SpreemanChief Financial Officer
Donald PorterTreasurer (from 05/18)
Craig CantonTreasurer (until 05/18)

Highest Paid Contractors

ContractorServicesLocationCompensation
Democracy Prep Public SchoolsCharter Management1767 PARK AVENUE 4TH FLOOR, New York, NY 10035$715,277
Revenue and Support

Revenue Composition

Contributions and Grants
$476,918
Program Service Revenue
$9,829,578
Investment Income
$9,102
Other Revenue
$0
All Other Contributions
$12,000
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,315,598
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$10,315,598
Total Revenue per Form 990
$10,315,598
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,580,608
Other Expenses$3,734,990
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,199,966$1,231,037-$5,431,003
Occupancy$846,064$233,985-$1,080,049
Fees for Services Management$553,146$162,131-$715,277
Other Employee Benefits$381,588$111,846-$493,434
Payroll Taxes$359,820$105,465-$465,285
Depreciation Depletion$159,035$46,615-$205,650
Fees for Services Other$153,860$45,097-$198,957
Pension Plan Contributions$149,224$41,662-$190,886
Other Expenses$139,818$40,979-$180,797
Information Technology$90,493$26,525-$117,018
Office Expenses$52,618$31,499-$84,117
All Other Expenses$49,510$14,509-$64,019
Insurance$38,021$11,144-$49,165
Advertising$16,013$4,693-$20,706
Fees for Services Accounting-$20,000-$20,000
Travel$4,316$1,266-$5,582
Fees for Services Legal-$1,575-$1,575
Total Functional Expenses$8,133,653$2,181,945$0$10,315,598

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,315,598
Total Expenses per Audited Statements$10,315,598
Total Expenses per Form 990$10,315,598
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Deferred Rent$383,104
Due to Affiliates$273,588
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The school entered into a management agreement with democracy prep public schools, inc. (dpps), a new york state not-for-profit charter management organization, to assume responsibility for the school's educational process, management, and operations. For the year ended june 30, 2018, the school incurred $715,277 in management fees. Greg spreeman, cfo, serves as an officer of the charter management organization, democracy prep public schools, inc. For the 5 hours devoted to the filing organization, 2017 compensation paid by dpps is as follows: -reportable compensation $16,916; other compensation $577”

Form 990, Part VI, Section B, Line 11B

“Form 990 is reviewed by management and the finance and audit committee of the board of trustees for approval. If changes are required, the school will then forward the form 990 to the auditing firm and a final version will be distributed to all board members prior to the irs submission.”

Form 990, Part VI, Section B, Line 12C

“The school shares its conflict of interest policy with officers and trustees on an annual basis. Officers and trustees are expected to declare if at any point a conflict of interest arises. After disclosure of a potential conflict, the individual in question must recuse themselves from voting on the matter. Such matters involving the existence of conflicts of interest are documented in the minutes of the governing board.”

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 at 1767 park avenue, 4th floor, new york, ny 10035, or by calling the organization directly at (212)281-1248.”

Filing and Contact Details

Filer

Filer Name
Democracy Prep Endurance Charter School
EIN
45-3947399
Phone
2122811248
Address
1767 PARK AVENUE 4TH FLOOR, NEW YORK, NY 10035

Signing Officer

Name
Khary Barnes
Title
Board Chair
Phone
2122811248
Signed
2019-05-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Khary Barnes
Formed
2010
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
145
Volunteers
8

Preparer

Firm
PKF O'CONNOR DAVIES LLP
Address
665 FIFTH AVENUE, NEW YORK, NY 10022
Preparer
Garrett M Higgins
Phone
2122862600
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The 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 school had no uncertain tax positions that would require financial statement recognition or disclosure. The school is no longer subject to examinations by the applicable taxing jurisdictions for years prior to june 30, 2015.”

Raw XML AppendixShowing 400 of 472 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/NetAssetsOrFundBalancesEOYAmt01845747
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt08212
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt08212
IRS990/NetUnrelatedBusTxblIncmAmt025260
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0233985
IRS990/OccupancyGrp/ProgramServicesAmt0846064
IRS990/OccupancyGrp/TotalAmt01080049
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt031499
IRS990/OfficeExpensesGrp/ProgramServicesAmt052618
IRS990/OfficeExpensesGrp/TotalAmt084117
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0183868
IRS990/OtherAssetsTotalGrp/EOYAmt0421911
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0111846
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0381588
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0493434
IRS990/OtherExpensesGrp/Desc0STUDENT SERVICES
IRS990/OtherExpensesGrp/Desc1STUDENT SUPPLIES/MATERI
IRS990/OtherExpensesGrp/Desc2STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt051917
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt140979
IRS990/OtherExpensesGrp/ProgramServicesAmt0468295
IRS990/OtherExpensesGrp/ProgramServicesAmt1294741
IRS990/OtherExpensesGrp/ProgramServicesAmt2177125
IRS990/OtherExpensesGrp/ProgramServicesAmt3139818
IRS990/OtherExpensesGrp/TotalAmt0468295
IRS990/OtherExpensesGrp/TotalAmt1294741
IRS990/OtherExpensesGrp/TotalAmt2229042
IRS990/OtherExpensesGrp/TotalAmt3180797
IRS990/OtherLiabilitiesGrp/BOYAmt0483954
IRS990/OtherLiabilitiesGrp/EOYAmt0656692
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01231037
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04199966
IRS990/OtherSalariesAndWagesGrp/TotalAmt05431003
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0105465
IRS990/PayrollTaxesGrp/ProgramServicesAmt0359820
IRS990/PayrollTaxesGrp/TotalAmt0465285
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt041662
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0149224
IRS990/PensionPlanContributionsGrp/TotalAmt0190886
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0598948
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0565540
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt072782
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0331406
IRS990/PrincipalOfficerNm0KHARY BARNES
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0GOV'T PER-PUPIL REV.
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09829578
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09829578
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0478656
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0823
IRS990/PYOtherExpensesAmt03857294
IRS990/PYOtherRevenueAmt02040
IRS990/PYProgramServiceRevenueAmt09090490
IRS990/PYRevenuesLessExpensesAmt021353
IRS990/PYSalariesCompEmpBnftPaidAmt05693362
IRS990/PYTotalExpensesAmt09550656
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt09572009
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt09829578
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01648738
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01478539
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0404287
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0385532
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0789819
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt010315598
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt015551
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03112
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt018663
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0108860
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1313051
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM AFFILIATES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0232887
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0151175
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0384062
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0273588
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1383104
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED RENT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt010315598
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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 SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE SCHOOL IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO JUNE 30, 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0652725
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0421911
IRS990ScheduleD/TotalExpensesPerForm990Amt010315598
IRS990ScheduleD/TotalLiabilityAmt0656692
IRS990ScheduleD/TotalRevenuePerForm990Amt010315598
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010315598
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010315598
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0AS A PUBLIC SCHOOL, SUBJECT TO OPEN ENROLLMENT, THE CHARTER SCHOOL IS NOT SUBJECT TO THE SPECIFIC GUIDELINES SET FORTH IN REV. PROV. 75-50.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES PER-PUPIL FUNDING FROM THE NYC BOARD OF EDUCATION UNDER THEIR CHARTER AGREEMENT. THE SCHOOL ALSO RECEIVES VARIOUS FEDERAL, STATE, AND CITY FUNDING INCLUDING FEDERAL ENTITLEMENTS TO ASSIST WITH COVERING THE COST OF CERTAIN PROGRAMS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL ENTERED INTO A MANAGEMENT AGREEMENT WITH DEMOCRACY PREP PUBLIC SCHOOLS, INC. (DPPS), A NEW YORK STATE NOT-FOR-PROFIT CHARTER MANAGEMENT ORGANIZATION, TO ASSUME RESPONSIBILITY FOR THE SCHOOL'S EDUCATIONAL PROCESS, MANAGEMENT, AND OPERATIONS. FOR THE YEAR ENDED JUNE 30, 2018, THE SCHOOL INCURRED $715,277 IN MANAGEMENT FEES. GREG SPREEMAN, CFO, SERVES AS AN OFFICER OF THE CHARTER MANAGEMENT ORGANIZATION, DEMOCRACY PREP PUBLIC SCHOOLS, INC. FOR THE 5 HOURS DEVOTED TO THE FILING ORGANIZATION, 2017 COMPENSATION PAID BY DPPS IS AS FOLLOWS: -REPORTABLE COMPENSATION $16,916; OTHER COMPENSATION $577
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY MANAGEMENT AND THE FINANCE AND AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR APPROVAL. IF CHANGES ARE REQUIRED, THE SCHOOL WILL THEN FORWARD THE FORM 990 TO THE AUDITING FIRM AND A FINAL VERSION WILL BE DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO THE IRS SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL SHARES ITS CONFLICT OF INTEREST POLICY WITH OFFICERS AND TRUSTEES ON AN ANNUAL BASIS. OFFICERS AND TRUSTEES ARE EXPECTED TO DECLARE IF AT ANY POINT A CONFLICT OF INTEREST ARISES. AFTER DISCLOSURE OF A POTENTIAL CONFLICT, THE INDIVIDUAL IN QUESTION MUST RECUSE THEMSELVES FROM VOTING ON THE MATTER. SUCH MATTERS INVOLVING THE EXISTENCE OF CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MINUTES OF THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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 AT 1767 PARK AVENUE, 4TH FLOOR, NEW YORK, NY 10035, OR BY CALLING THE ORGANIZATION DIRECTLY AT (212)281-1248.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt07704
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt09806
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03339396
IRS990/TotalAssetsEOYAmt03566161
IRS990/TotalAssetsGrp/BOYAmt03339396
IRS990/TotalAssetsGrp/EOYAmt03566161
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0476918
IRS990/TotalEmployeeCnt0145
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02181945
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt08133653
IRS990/TotalFunctionalExpensesGrp/TotalAmt010315598
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01493649

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,566,161
Liabilities
$1,720,414
Net assets
$1,845,747
Revenue
$10,315,598
Expenses
$10,315,598
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.97$2.20$1.77$11.9$12.0$0.07
2018Detailed filing. Detailed filing data is available for this year.$3.57$1.72$1.85$10.3$10.3$0.00
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.34$1.49$1.85$9.57$9.55$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.46$0.63$1.82$7.30$7.30$0.00
2015Detailed filing. Detailed filing data is available for this year.$2.38$0.69$1.69$6.03$5.26$0.77
2014Detailed filing. Detailed filing data is available for this year.$1.50$0.58$0.92$4.18$3.79$0.39
2013Summary only. Only limited summary data is available for this year.$0.86$0.33$0.53$2.50$1.97$0.53