Civic Intelligence

Community College Preparatory Academy Public Charter School

990 • Fiscal year 2016 • EIN 46-0682130

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 23, 2017

2405 Martin L King Jr Ave SEWashington, DC 20020

(202) 610-5780

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.34x

Higher debt load relative to assets than 72% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

25th percentile

0.02x

Higher debt load relative to revenue than 25% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

55th percentile

3.8%

Higher net margin than 55% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

79th percentile

$128,088

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

4th percentile

-29%

Faster asset growth than 4% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

88th percentile

45%

Faster revenue growth than 88% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$245,345

Down $100,120 (-29%) from 2015

Net Assets

Up

$161,012

Up $162,806 (+9075%) from 2015

Liabilities

Down

$84,333

Down $262,926 (-76%) from 2015

Revenue

Up

$4,250,513

Up $1,314,865 (+45%) from 2015

Expenses

Up

$4,087,707

Up $1,191,981 (+41%) from 2015

Net Income

Up

$162,806

Up $122,884 (+308%) from 2015

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2014: $273,633Liabilities 2014: $315,349Net Assets 2014: -$41,7162014Assets 2015: $345,465Liabilities 2015: $347,259Net Assets 2015: -$1,7942015Assets 2016: $245,345Liabilities 2016: $84,333Net Assets 2016: $161,0122016Assets 2017: $1,614,373Liabilities 2017: $371,161Net Assets 2017: $1,243,2122017Assets 2018: $2,252,412Liabilities 2018: $344,001Net Assets 2018: $1,908,4112018Assets 2019: $3,772,294Liabilities 2019: $1,025,592Net Assets 2019: $2,746,7022019Assets 2020: $5,319,168Liabilities 2020: $121,019Net Assets 2020: $5,198,1492020Assets 2021: $8,485,837Liabilities 2021: $195,272Net Assets 2021: $8,290,5652021Assets 2022: $11,313,740Liabilities 2022: $209,109Net Assets 2022: $11,104,6312022Assets 2023: $26,406,123Liabilities 2023: $13,583,630Net Assets 2023: $12,822,4932023Assets 2024: $28,822,744Liabilities 2024: $13,979,491Net Assets 2024: $14,843,2532024

Highlighted filing

2016

Assets$245,345
Liabilities$84,333
Net Assets$161,012

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2014: $1,522,062Expenses 2014: $1,564,033Net Income 2014: -$41,9712014Revenue 2015: $2,935,648Expenses 2015: $2,895,726Net Income 2015: $39,9222015Revenue 2016: $4,250,513Expenses 2016: $4,087,707Net Income 2016: $162,8062016Revenue 2017: $6,712,540Expenses 2017: $5,630,340Net Income 2017: $1,082,2002017Revenue 2018: $7,826,253Expenses 2018: $7,161,054Net Income 2018: $665,1992018Revenue 2019: $8,338,734Expenses 2019: $7,500,443Net Income 2019: $838,2912019Revenue 2020: $8,528,440Expenses 2020: $6,076,993Net Income 2020: $2,451,4472020Revenue 2021: $9,120,973Expenses 2021: $6,028,557Net Income 2021: $3,092,4162021Revenue 2022: $9,739,731Expenses 2022: $6,925,665Net Income 2022: $2,814,0662022Revenue 2023: $9,301,583Expenses 2023: $7,583,721Net Income 2023: $1,717,8622023Revenue 2024: $10,440,553Expenses 2024: $8,419,793Net Income 2024: $2,020,7602024

Highlighted filing

2016

Revenue$4,250,513
Expenses$4,087,707
Net Income$162,806
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 23, 2017
Return Version
2015v3.0
Gross Receipts
$4,260,414
Mission and Program Overview

Mission

The mission of the community college preparatory academy public charter school is to provide the education and skills development to empower and prepare under-credited adults for postsecondary educational success, viable employment and lifelong learning.

The mission of the community college preparatory academy public charter school is to provide the education and skills development that will empower and prepare under-credited adults for postsecondary education success, viable employment and lifelong learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$125,625$172,196▲ $46,571
Accounts Receivable$34,818$19,431▼ $15,387
Loans From Officers Directors$43,333$13,931▼ $29,402
Prepaid Expenses and Deferred Charges$33,975$11,361▼ $22,614
Cash and Non-Interest-Bearing Accounts$100,785$8,336▼ $92,449
Pledges and Grants Receivable$4,450--
Receivables From Officers Etc$21,216$4,425▼ $16,791
Total Assets$345,465$245,345▼ $100,120
Other Assets Total$24,596$29,596▲ $5,000
Liabilities
Deferred Revenue$97,964--
Accounts Payable and Accrued Expenses$201,029$67,146▼ $133,883
Mortgage Notes Payable Secured by Investment Property$4,933$3,256▼ $1,677
Total Liabilities$347,259$84,333▼ $262,926
Net Assets / Fund Balance
Unrestricted Net Assets$-4,394$159,847▲ $164,241
Temporarily Rstr Net Assets$2,600$1,165▼ $1,435
Total Net Assets Fund Balance$-1,794$161,012▲ $162,806
Total Liabilities and Net Assets / Fund Balance$345,465$245,345▼ $100,120

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$157,552$157,681$315,233
Leasehold Improvements$14,644$9,250$23,894
Other Assets Org$29,596--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cornelia V SpinnerExecutive DiFT$115,873$12,215$128,088
Monica JonesDirector of OperFT$107,100$9,799$116,899

Board Members and Trustees

NameTitle
Monica RayChair
Philip PannellVice Chair
Clarence JohnsonBoard Member
Devorah Brown-hawkinsBoard Member
John StokesBoard Member
Keyonna JonesBoard Member
Richard Tagle - OutgoingBoard Member
Thomas StewartBoard Member
Laruby May - OutgoingPast Board C
Debra SantosTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
R Emmanuel Bell ConsultingConsulting3230 PENNSYLVANIA AVE SE, SUITE 240, Washington, DC 20020$252,667
Capital Services Management INCJanitorial3200 MARTIN LUTHER KING JR AVE SE, Washington, DC 20032$122,553
Revenue and Support

Revenue Composition

Contributions and Grants
$139,833
Program Service Revenue
$4,120,581
Investment Income
$0
Other Revenue
$-9,901
All Other Contributions
$59,479
Change in Net Assets
$162,806

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,240,612
Revenue Not Reported on Financial Statements
$9,901
Other Revenue Adjustments
$9,901
Total Revenue per Audited Statements
$4,240,612
Total Revenue per Form 990
$4,250,513
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,126,424
Salaries, Compensation, and Employee Benefits$1,961,283
Total Fundraising Expense$33,310
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,200,492$151,868$13,813$1,366,173
Occupancy$516,563$101,967$7,433$625,963
Fees for Services Other$381,923-$175$382,098
Current Officers, Directors, Trustees, and Key Employees$145,532$121,783$5,957$273,272
Other Employee Benefits$165,886$26,533$2,109$194,528
Payroll Taxes$104,953$20,838$1,519$127,310
Fees for Services Accounting$80,611$16,005-$96,616
Depreciation Depletion$70,018$13,902$1,013$84,933
Information Technology$52,348$10,394-$62,742
Office Expenses$50,809$10,088$1,111$62,008
Advertising$9,632--$9,632
Other Expenses$4,248$2,805$62$7,115
All Other Expenses$5,084$1,009$118$6,211
Insurance$2,249$446-$2,695
Interest-$2,179-$2,179
Total Functional Expenses$3,561,657$492,740$33,310$4,087,707

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,087,707
Expenses per Audited Statements$4,077,806
Total Expenses per Audited Statements$4,077,806
Expenses Not Reported on Financial Statements$9,901
Other Expense Adjustments$9,901
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$9,901
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Banquet$25,450---
Total Events$25,450-$9,901$-9,901
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$43,333$13,931▼ $29,402
Receivables from Officers, Directors, Trustees, and Key Employees$21,216$4,425▼ $16,791
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The executive director and director of operations review the 990 and then forward the form 990 to the treasurer for review and presentation to the board of directors for approval. Once approved the treasurer notifies the executive director of the board's approval to file the 990 tax return.

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

The conflict of interest policy is reviewed annually for all board members and key employees. The review requires disclosure of any interest by anyone that may have a conflict of interest. As there are changes in board members or key employees the policy is disclosed and complied with.

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

The executive director's compensation is reviewed annually by the board of directors at a regular meeting. There is a performance review and a comparison of salary to market for determination of salary.

Form 990, Page 6, Part VI, Line 19

The documents are available upon request for inspection at the school and a copy may be obtained at a cost per copy for reproduction.

Filing and Contact Details

Filer

Filer Name
Community College Preparatory
EIN
46-0682130
Phone
2026105780
Address
2405 MARTIN L KING JR AVE SE, WASHINGTON, DC 20020

Signing Officer

Name
Cornelia V Spinner
Title
Executive Director
Phone
2026105780
Signed
2017-01-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cornelia V Spinner
Formed
2012
Legal Domicile
Dc
Voting Board Members
8
Independent Board Members
8
Employees
34
Volunteers
10

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

The mission of the community college preparatory academy public charter school is to provide the education and skills development that will empower and prepare under-credited adults for postsecondary education success, viable employment and lifelong learning.

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

1.the increasing number of adults in their prime wage earning years, entering post- secondary education unprepared to successfully complete an associate degree or advanced vocational certifications; and 2.the overwhelming number of dc residents unable to be employed in the city due to the lack of core academic skills and the lack of certificated workforce skills required by the city's knowledge-based economy the instructional model for cc prep responds to these challenges by providing remediation in core academic skills, core skills in computer literacy, on-line learning, and preparation for a range of highly portable, national certifications to support entry to the city's job market. Special focus prepares students for employment in the technology and tech-related fields. This focus was selected as it offers the broadest range of options for entry-level employment, including everything from a data entry clerk to certified help desk and cabling technician. The school's programming is based on the four outcomes for cc prep adult learners: 1.successful high school completion via the new high school equivalency examination (ged); 2.successful entry into community college at freshman level as a result of preparation for the accuplacer entry examination; 3.successful completion of national entry-level employment certifications in the emerging fields for the district of columbia (i.e., technology, administrative support and health careers); and/or 4.successful attainment of necessary skills in reasoning, mathematics, computers, and on-line research required for life-long learning in the twenty-first century. In our third year, we continued to expand our role as a microsoft office academy school. We provided free training and assessment toward national certification(s). We added a highly qualified microsoft office suite (mos) trainer to our ranks to markedly expand student access to this critical baseline employment skill. As a result, we were the second most productive mos site among the microsoft academies with over 140 successful mos certifications this year. Other cloud-based national certifications were added to support entry-level employment in the district's knowledge based economy. Whenever possible, a blended learning approach that married active learning with on-line reinforcement is employed. Based upon review of our student data, we continued as a year-round school and operated from 9:00 am to 9:00 pm daily, providing instruction in three-hour sessions: 9:00 am to 12:00 noon, 1:00 pm to 4:00 pm and 5:00 pm to 8:45 pm monday through thursday evenings. All adult learners are assessed initially and at regular intervals (every 6 to 8 weeks based on initial grade equivalent scores) using the etabe (test of adult basic education). The etabe was selected as it is aligned with my foundations lab, the core curriculum and the new ged. The new ged preparation program was developed to align with the common core standards and has remained the declared goal for 55% of all enrolled students. Based on the assessment analysis, students complete an individual learning plan (ilp) with their assigned student success specialist. They also sign off on a learning contract and agree to make every effort to comply with school requirements for attendance, individual bi-weekly academic reviews and semi-annual progress reviews. All students spend a minimum of fifteen hours a week in class. In addition to regularly scheduled etabe assessments, students are assessed for skill mastery as part of the curricular design. Once students reach the 7th grade 5th month level in reading, they are eligible to begin microsoft word training, which is now recommended for all students. When students reach the 9th grade level in reading and mathematics, students participate in either ged or accuplacer boot camps (weekly intensive workshops focusing specifically on test taking skills), in addition to their weekly classes. They can also at this point, enter advanced it

Form 990, Part XI, Line 9

Event expenses -9,901 event expenses 9,901

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 the charter school'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 community college preparatory academy public charter school performed an evaluation of uncertain tax positions for the year ended june 30, 2016, 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, 2016, the statute of limitations for tax years 2012 through 2014 remains open with the u.s. Federal jurisdiction or the various states and local jurisdictions in which the organization files tax returns. It is the charter school's policy to recognize interest and/or penalties related to uncertain tax positions, if any, in income tax expense. As of june 30, 2016, the charter school had no accruals for interest and/or penalties.

Schedule D, Page 4, Part XI, Line 4B

EVENT EXPENSES 9,901

Schedule D, Page 4, Part XII, Line 4B

EVENT EXPENSES 9,901

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IRS990/Desc0THE CHARTER SCHOOL IS THE FIRST ADULT CHARTER SCHOOL EAST OF THE ANACOSTIA RIVER AND IS DESIGNED TO SUPPORT THE EDUCATION AND TRAINING NEEDS OF RESIDENTS OF THE DISTRICT OF COLUMBIA AS THEY SEEK TO TRANSITION TO COLLEGE OR CAREERS. SPECIAL FOCUS HAS BEEN GIVEN TO RESIDENTS OF WARDS 7 AND 8 WHERE THERE IS THE GREATEST CONCENTRATION OF ADULTS WITH CHALLENGES IN EDUCATION AND WORKFORCE PREPAREDNESS AND THE FEWEST PROGRAMS. THE CHARTER SCHOOL PROVIDES EDUCATION AND TRAINING SERVICES TO ADULTS (18 YEARS AND OLDER). THE DESIGN OF THE SCHOOL WAS IN RESPONSE TO TWO MAJOR CHALLENGES CONFRONTING THE DISTRICT OF COLUMBIA, NAMELY: 1.THE INCREASING NUMBER OF ADULTS IN THEIR PRIME WAGE EARNING YEARS, ENTERING POST- SECONDARY EDUCATION UNPREPARED TO SUCCESSFULLY COMPLETE AN ASSOCIATE DEGREE OR ADVANCED VOCATIONAL CERTIFICATIONS; AND 2.THE OVERWHELMING NUMBER OF DC RESIDENTS UNABLE TO BE EMPLOYED IN THE CITY DUE TO THE LACK OF CORE ACADEMIC SKILLS AND THE LACK OF CERTIFICATED WORKFORCE SKILLS REQUIRED BY THE CITY'S KNOWLEDGE-BASED ECONOMY THE INSTRUCTIONAL MODEL FOR CC PREP RESPONDS TO THESE CHALLENGES BY PROVIDING REMEDIATION IN CORE ACADEMIC SKILLS, CORE SKILLS IN COMPUTER LITERACY, ON-LINE LEARNING, AND PREPARATION FOR A RANGE OF HIGHLY PORTABLE, NATIONAL CERTIFICATIONS TO SUPPORT ENTRY TO THE CITY'S JOB MARKET. SPECIAL FOCUS PREPARES STUDENTS FOR EMPLOYMENT IN THE TECHNOLOGY AND TECH-RELATED FIELDS. THIS FOCUS WAS SELECTED AS IT OFFERS THE BROADEST RANGE OF OPTIONS FOR ENTRY-LEVEL EMPLOYMENT, INCLUDING EVERYTHING FROM A DATA ENTRY CLERK TO CERTIFIED HELP DESK AND CABLING TECHNICIAN. THE SCHOOL'S PROGRAMMING IS BASED ON THE FOUR OUTCOMES FOR CC PREP ADULT LEARNERS: 1.SUCCESSFUL HIGH SCHOOL COMPLETION VIA THE NEW HIGH SCHOOL EQUIVALENCY EXAMINATION (GED); 2.SUCCESSFUL ENTRY INTO COMMUNITY COLLEGE AT FRESHMAN LEVEL AS A RESULT OF PREPARATION FOR THE ACCUPLACER ENTRY EXAMINATION; 3.SUCCESSFUL COMPLETION OF NATIONAL ENTRY-LEVEL EMPLOYMENT CERTIFICATIONS IN THE EMERGING FIELDS FOR THE DISTRICT OF COLUMBIA (I.E., TECHNOLOGY, ADMINISTRATIVE SUPPORT AND HEALTH CAREERS); AND/OR 4.SUCCESSFUL ATTAINMENT OF NECESSARY SKILLS IN REASONING, MATHEMATICS, COMPUTERS, AND ON-LINE RESEARCH REQUIRED FOR LIFE-LONG LEARNING IN THE TWENTY-FIRST CENTURY. IN OUR THIRD YEAR, WE CONTINUED TO EXPAND OUR ROLE AS A MICROSOFT OFFICE ACADEMY SCHOOL. WE PROVIDED FREE TRAINING AND ASSESSMENT TOWARD NATIONAL CERTIFICATION(S). WE ADDED A HIGHLY QUALIFIED MICROSOFT OFFICE SUITE (MOS) TRAINER TO OUR RANKS TO MARKEDLY EXPAND STUDENT ACCESS TO THIS CRITICAL BASELINE EMPLOYMENT SKILL. AS A RESULT, WE WERE THE SECOND MOST PRODUCTIVE MOS SITE AMONG THE MICROSOFT ACADEMIES WITH OVER 140 SUCCESSFUL MOS CERTIFICATIONS THIS YEAR. OTHER CLOUD-BASED NATIONAL CERTIFICATIONS WERE ADDED TO SUPPORT ENTRY-LEVEL EMPLOYMENT IN THE DISTRICT'S KNOWLEDGE BASED ECONOMY. WHENEVER POSSIBLE, A BLENDED LEARNING APPROACH THAT MARRIED ACTIVE LEARNING WITH ON-LINE REINFORCEMENT IS EMPLOYED. BASED UPON REVIEW OF OUR STUDENT DATA, WE CONTINUED AS A YEAR-ROUND SCHOOL AND OPERATED FROM 9:00 AM TO 9:00 PM DAILY, PROVIDING INSTRUCTION IN THREE-HOUR SESSIONS: 9:00 AM TO 12:00 NOON, 1:00 PM TO 4:00 PM AND 5:00 PM TO 8:45 PM MONDAY THROUGH THURSDAY EVENINGS. ALL ADULT LEARNERS ARE ASSESSED INITIALLY AND AT REGULAR INTERVALS (EVERY 6 TO 8 WEEKS BASED ON INITIAL GRADE EQUIVALENT SCORES) USING THE ETABE (TEST OF ADULT BASIC EDUCATION). THE ETABE WAS SELECTED AS IT IS ALIGNED WITH MY FOUNDATIONS LAB, THE CORE CURRICULUM AND THE NEW GED. THE NEW GED PREPARATION PROGRAM WAS DEVELOPED TO ALIGN WITH THE COMMON CORE STANDARDS AND HAS REMAINED THE DECLARED GOAL FOR 55% OF ALL ENROLLED STUDENTS. BASED ON THE ASSESSMENT ANALYSIS, STUDENTS COMPLETE AN INDIVIDUAL LEARNING PLAN (ILP) WITH THEIR ASSIGNED STUDENT SUCCESS SPECIALIST. THEY ALSO SIGN OFF ON A LEARNING CONTRACT AND AGREE TO MAKE EVERY EFFORT TO COMPLY WITH SCHOOL REQUIREMENTS FOR ATTENDANCE, INDIVIDUAL BI-WEEKLY ACADEMIC REVIEWS AND SEMI-ANNUAL PROGRESS REVIEWS. ALL ST
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IRS990/MissionDesc0THE MISSION OF THE COMMUNITY COLLEGE PREPARATORY ACADEMY PUBLIC CHARTER SCHOOL IS TO PROVIDE THE EDUCATION AND SKILLS DEVELOPMENT THAT WILL EMPOWER AND PREPARE UNDER-CREDITED ADULTS FOR POSTSECONDARY EDUCATION SUCCESS, VIABLE EMPLOYMENT AND LIFELONG LEARNING.
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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 THE CHARTER SCHOOL'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 COMMUNITY COLLEGE PREPARATORY ACADEMY PUBLIC CHARTER SCHOOL PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2016, 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, 2016, THE STATUTE OF LIMITATIONS FOR TAX YEARS 2012 THROUGH 2014 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE ORGANIZATION FILES TAX RETURNS. IT IS THE CHARTER SCHOOL'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. AS OF JUNE 30, 2016, THE CHARTER SCHOOL HAD NO ACCRUALS FOR INTEREST AND/OR PENALTIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1EVENT EXPENSES 9,901
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2EVENT EXPENSES 9,901
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS A PUBLIC CHARTER SCHOOL AND IS OPERATING UNDER A CONTRACT WITH THE DC GOVERNMENT. REVENUE PROCEDURE 75-50 DOES NOT APPLY TO CHARTER SCHOOLS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE 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.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
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