Civic Intelligence

Options Public Charter School

990 • Fiscal year 2015 • EIN 52-1993376

Jul 01, 2014 to Jun 30, 2015 • Filed on May 13, 2016

1375 E Street NEWashington, DC 20002

(202) 547-1028

Siviq Scores

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

Liabilities / Assets

97th percentile

1.31x

Higher debt load relative to assets than 97% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

47th percentile

0.22x

Higher debt load relative to revenue than 47% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

8th percentile

-30%

Higher net margin than 8% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

25th percentile

$106,952

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

1st percentile

-89%

Faster asset growth than 1% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

11th percentile

-26%

Faster revenue growth than 11% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,798,553

Down $14,948,702 (-89%) from 2014

Net Assets

Down

-$558,238

Down $5,141,272 (-112%) from 2014

Liabilities

Down

$2,356,791

Down $9,807,430 (-81%) from 2014

Revenue

Down

$10,535,010

Down $3,678,878 (-26%) from 2014

Expenses

Down

$13,665,213

Down $2,080,566 (-13%) from 2014

Net Income

Down

-$3,130,203

Down $1,598,312 (-104%) from 2014

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2010: $15,654,619Liabilities 2010: $11,556,000Net Assets 2010: $4,098,6192010Assets 2011: $15,806,527Liabilities 2011: $11,521,414Net Assets 2011: $4,285,1132011Assets 2012: $16,315,294Liabilities 2012: $11,625,425Net Assets 2012: $4,689,8692012Assets 2013: $17,328,261Liabilities 2013: $11,213,336Net Assets 2013: $6,114,9252013Assets 2014: $16,747,255Liabilities 2014: $12,164,221Net Assets 2014: $4,583,0342014Assets 2015: $1,798,553Liabilities 2015: $2,356,791Net Assets 2015: -$558,2382015Assets 2016: $1Liabilities 2016: $02016

Highlighted filing

2015

Assets$1,798,553
Liabilities$2,356,791
Net Assets-$558,238

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $9,473,3012010Expenses 2011: $11,508,1872011Expenses 2012: $13,304,4532012Expenses 2013: $16,134,0972013Revenue 2014: $14,213,888Expenses 2014: $15,745,779Net Income 2014: -$1,531,8912014Revenue 2015: $10,535,010Expenses 2015: $13,665,213Net Income 2015: -$3,130,2032015Revenue 2016: $0Expenses 2016: $0Net Income 2016: $02016

Highlighted filing

2015

Revenue$10,535,010
Expenses$13,665,213
Net Income-$3,130,203
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 13, 2016
Return Version
2014v6.0
Gross Receipts
$10,535,010
Mission and Program Overview

Mission

The mission of options public charter school (the school) is to provide a high-quality, unique educational experience for all students, including those students most at risk of dropping out of school because they are underachieving, truant, have experienced behavior problems, or have exceptionalities requiring intensive therapeutic special education services. We provide alternative programs of experimental instruction and guidance to motivate students to stay in school by installing in them the requisite 1) social skills; 2) increased self-esteem; 3) self-control of anger and frustration; 4) the desire to learn and 5) increased academic competence.

To provide a high-quality educational experience for students at risk of academic failure.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,005,219--
Cash and Non-Interest-Bearing Accounts$4,287,356$1,167,067▼ $3,120,289
Pledges and Grants Receivable$306,373$301,774▼ $4,599
Prepaid Expenses and Deferred Charges$74,815--
Accounts Receivable$2,577--
Total Assets$16,747,255$1,798,553▼ $14,948,702
Other Assets Total$70,915$329,712▲ $258,797
Liabilities
Tax Exempt Bond Liabilities$9,952,995--
Accounts Payable and Accrued Expenses$1,973,927$1,651,108▼ $322,819
Other Liabilities$0$705,683▲ $705,683
Deferred Revenue$237,299--
Total Liabilities$12,164,221$2,356,791▼ $9,807,430
Net Assets / Fund Balance
Unrestricted Net Assets$4,583,034$-558,238▼ $5,141,272
Total Net Assets Fund Balance$4,583,034$-558,238▼ $5,141,272
Total Liabilities and Net Assets / Fund Balance$16,747,255$1,798,553▼ $14,948,702

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$319,712--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dr Charles VincentFormer Exec. Director - Until 06/2014FT$106,952$106,952
Shannon HodgeExecutive DirectorFT$70,445$70,445

Board Members and Trustees

NameTitle
Josh KernCourt Appointed Receiver

Highest Paid Contractors

ContractorServicesLocationCompensation
Deadwyler TransportationTransportation Services2930 K STREET SE, Washington, DC 20019$292,925
Raffa PCAccounting/tax/hr Services1899 L ST NW SUITE 850, Washington, DC 20036$199,468
Friedman Computer Services INCComputer Services11820 PARKLAWN DR STE 110, Rockville, MD 20852$198,129
Hogan Lovells LLPLegal Services555 13TH STREET NW, Washington, DC 20004$165,477
Fresco Cleaning Services INCCleaning Services2703 12TH STREET NE, Washington, DC 20018$165,345
Revenue and Support

Revenue Composition

Contributions and Grants
$648,138
Program Service Revenue
$9,337,611
Investment Income
$0
Other Revenue
$549,261
All Other Contributions
$56,415
Change in Net Assets
$-3,130,203

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,065,298
Revenue Not Reported on Financial Statements
$469,712
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$469,712
Total Revenue per Audited Statements
$10,065,298
Total Revenue per Form 990
$10,535,010
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,307,425
Other Expenses$5,357,788
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,406,301$504,259-$6,910,560
Occupancy$1,129,891$86,315-$1,216,206
Office Expenses$889,474$62,161-$951,635
Payroll Taxes$589,060$46,319-$635,379
Other Employee Benefits$537,784$42,337-$580,121
Depreciation Depletion$444,153$32,784-$476,937
Fees for Services Accounting$198,535$14,944-$213,479
All Other Expenses$102,535$76,616-$179,151
Insurance$156,463$12,303-$168,766
Current Officers, Directors, Trustees, and Key Employees$153,808$11,577-$165,385
Other Expenses$140,876$344,844-$140,876
Fees for Services Other$95,188$8,399-$103,587
Fees for Services Legal$73,518$5,534-$79,052
Pension Plan Contributions$14,861$1,119-$15,980
Travel$3,212$253-$3,465
Advertising$2,318$182-$2,500
Total Functional Expenses$12,054,428$1,610,785$0$13,665,213

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$13,665,213
Expenses per Audited Statements$12,890,976
Total Expenses per Audited Statements$12,890,976
Expenses Not Reported on Financial Statements$774,237
Other Expense Adjustments$774,237
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
Other Accrued Expenses - Liquidation$705,683
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The federal form 990 is prepared by an independent accounting firm and the form is provided to the governing body prior to filing with the internal revenue service.

Form 990, Part VI, Section B, Line 15

For fiscal year 2015, josh kern, the court appointed receiver approved the compensation for the executive director using comparable data. No other compensation determination were required.

Form 990, Part VI, Section C, Line 19

Documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Options Public Charter School
EIN
52-1993376
Phone
2025471028
Address
1375 E STREET NE, WASHINGTON, DC 20002

Signing Officer

Name
Josh Kern
Title
Court Appointed Receiver
Phone
2025471028
Signed
2016-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Josh Kern
Formed
1996
Legal Domicile
Dc
Voting Board Members
1
Independent Board Members
1
Employees
200
Volunteers
0

Preparer

Firm
Raffa Pc
Address
1899 L STREET NW SUITE 850, WASHINGTON, DC 20036
Preparer
Frank H Smith
Phone
2028225000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

The school was placed in receivership on october 3, 2013. On december 16, 2013, the district of columbia public charter school board ("pcsb") voted to begin the process to revoke the school's charter. In the memorandum of understanding ("mou") between the court appointed receiver and custodian of the school and the pcsb dated june 25, 2014, the parties agreed that the school will dissolve pursuant to d.c. Official code 38-1802.13a. The school relinquished its charter on june 30, 2015.

FORM 990, PART XI, LINE 9:

Transfer of assets -2,011,069.

Financial Statement Notes

PART X, LINE 2:

The school performed an evaluation of uncertain tax positions for the year ended june 30, 2015, 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.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Liquidation revenue 469,712.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Write-off of other assets 68,554. Employment termination 360,839. Other liquidation expenses 344,844.

Raw XML AppendixShowing 400 of 487 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/Desc0THE SCHOOL PROVIDES GENERAL EDUCATION AND FULL-TIME THERAPEUTIC TRANSITION AND SOCIALIZATION ALTERNATIVE PROGRAMS, WHICH MOTIVATES STUDENTS TO STAY IN SCHOOL BY GIVING THEM REQUISITE SOCIAL SKILLS, INCREASED SELF-ESTEEM, SELF-CONTROL OVER ANGER AND FRUSTRATION, DESIRE TO LEARN, AND INCREASED ACADEMIC CONFIDENCE. ALL STUDENTS BENEFIT FROM SMALL CLASS SIZES WITH FREQUENT ACCESS TO STATE OF THE ART WIRELESS TECHNOLOGY, CLINICAL AND BEHAVIORAL COUNSELING SERVICES AND INTENSIVE READING MEDIATION. THE SCHOOL PRIDES ITSELF ON AN INTEGRATED CONTINUUM OF SERVICES FOR STUDENTS IMPLANTED BY A NETWORK OF CARING ADULTS WHO NURTURE THEIR DESIRE TO LEARN, IMPROVE SELF-ESTEEM, AND CREATE A CULTURE OF STUDENT ACHIEVEMENT.
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IRS990/MissionDesc0THE MISSION OF OPTIONS PUBLIC CHARTER SCHOOL (THE SCHOOL) IS TO PROVIDE A HIGH-QUALITY, UNIQUE EDUCATIONAL EXPERIENCE FOR ALL STUDENTS, INCLUDING THOSE STUDENTS MOST AT RISK OF DROPPING OUT OF SCHOOL BECAUSE THEY ARE UNDERACHIEVING, TRUANT, HAVE EXPERIENCED BEHAVIOR PROBLEMS, OR HAVE EXCEPTIONALITIES REQUIRING INTENSIVE THERAPEUTIC SPECIAL EDUCATION SERVICES. WE PROVIDE ALTERNATIVE PROGRAMS OF EXPERIMENTAL INSTRUCTION AND GUIDANCE TO MOTIVATE STUDENTS TO STAY IN SCHOOL BY INSTALLING IN THEM THE REQUISITE 1) SOCIAL SKILLS; 2) INCREASED SELF-ESTEEM; 3) SELF-CONTROL OF ANGER AND FRUSTRATION; 4) THE DESIRE TO LEARN AND 5) INCREASED ACADEMIC COMPETENCE.
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IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0705683
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0LIQUIDATION REVENUE
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/Desc2SUBLEASE INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt0469712
IRS990/OtherRevenueMiscGrp/ExclusionAmt153353
IRS990/OtherRevenueMiscGrp/ExclusionAmt226196
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0469712
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt153353
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt226196
IRS990/OtherRevenueTotalAmt0549261
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0504259
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt06406301
IRS990/OtherSalariesAndWagesGrp/TotalAmt06910560
IRS990/PartialLiquidationInd01
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt046319
IRS990/PayrollTaxesGrp/ProgramServicesAmt0589060
IRS990/PayrollTaxesGrp/TotalAmt0635379
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01119
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt014861
IRS990/PensionPlanContributionsGrp/TotalAmt015980
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0306373
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0301774
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt074815
IRS990/PrincipalOfficerNm0JOSH KERN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0PER PUPIL FUNDING
IRS990/ProgramServiceRevenueGrp/Desc1ARMY REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09275319
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt162292
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09275319
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt162292
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01153320
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt06310994
IRS990/PYOtherRevenueAmt0150020
IRS990/PYProgramServiceRevenueAmt012910548
IRS990/PYRevenuesLessExpensesAmt0-1531891
IRS990/PYSalariesCompEmpBnftPaidAmt09434785
IRS990/PYTotalExpensesAmt015745779
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt014213888
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-3130203
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt09337611
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0774237
IRS990ScheduleD/ExpensesSubtotalAmt012890976
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt010000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1319712
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS, NET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ACCRUED INCOME - LIQUIDATION
IRS990ScheduleD/OtherExpensesNotIncludedAmt0774237
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0705683
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER ACCRUED EXPENSES - LIQUIDATION
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0469712
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0469712
IRS990ScheduleD/RevenueSubtotalAmt010065298
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2015, 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.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LIQUIDATION REVENUE 469,712.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2WRITE-OFF OF OTHER ASSETS 68,554. EMPLOYMENT TERMINATION 360,839. OTHER LIQUIDATION EXPENSES 344,844.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0329712
IRS990ScheduleD/TotalExpensesPerForm990Amt013665213
IRS990ScheduleD/TotalLiabilityAmt0705683
IRS990ScheduleD/TotalRevenuePerForm990Amt010535010
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010065298
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012890976
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/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0SEE PART II.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL IS OPERATING UNDER A CONTACT WITH THE US DEPARTMENT OF EDUCATION AND RECEIVED FUNDING FROM THIS ENTITY DURING FISCAL YEAR 2015.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2OPTIONS PUBLIC CHARTER SCHOOL IS FREE OF CHARGE TO STUDENTS WHO RESIDE IN THE DISTRICT OF COLUMBIA. ADMISSIONS ARE CONDUCTED IN ACCORDANCE WITH THE DISTRICT LAW AND ANY ELIGIBLE 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 CHARACTERISTICS PROTECTED BY LAW.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2LINE 3 - EXPANATION OF NONDISCRIMINATORY POLICY:
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0106952
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DR CHARLES VINCENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0FORMER EXEC. DIR. - UNTIL 06/2014
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0106952
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleN/DirectorOfSuccessor2Ind01
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0LAND, BUILDING AND OTHER PROPERTY AND EQUIPMENT
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0KINGSMAN ACAD CHARTER SCHOOL
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02015-06-25
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0473403539
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt02011069
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0501(C)(3)
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0NET BOOK VALUE
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt01375 E STREET NE
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0WASHINGTON
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0DC
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd020002
IRS990ScheduleN/EmployeeOfSuccessor2Ind00
IRS990ScheduleN/OwnerOfSuccessor2Ind00
IRS990ScheduleN/ReceiveCompensation2Ind00
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0PERSON(S) INVOLVED: SHANNON HODGE
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt1EXPLANATION OF INVOLVEMENT: SHANNON HODGE IS EXPECTED TO BECOME THE EXECUTIVE DIRECTOR AT KINGSMAN ACADEMY PUBLIC CHARTER SCHOOL.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II, LINE 2E:
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc1PART II, LINE 2E:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL WAS PLACED IN RECEIVERSHIP ON OCTOBER 3, 2013. ON DECEMBER 16, 2013, THE DISTRICT OF COLUMBIA PUBLIC CHARTER SCHOOL BOARD ("PCSB") VOTED TO BEGIN THE PROCESS TO REVOKE THE SCHOOL'S CHARTER. IN THE MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN THE COURT APPOINTED RECEIVER AND CUSTODIAN OF THE SCHOOL AND THE PCSB DATED JUNE 25, 2014, THE PARTIES AGREED THAT THE SCHOOL WILL DISSOLVE PURSUANT TO D.C. OFFICIAL CODE 38-1802.13A. THE SCHOOL RELINQUISHED ITS CHARTER ON JUNE 30, 2015.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FEDERAL FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND THE FORM IS PROVIDED TO THE GOVERNING BODY PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FOR FISCAL YEAR 2015, JOSH KERN, THE COURT APPOINTED RECEIVER APPROVED THE COMPENSATION FOR THE EXECUTIVE DIRECTOR USING COMPARABLE DATA. NO OTHER COMPENSATION DETERMINATION WERE REQUIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TRANSFER OF ASSETS -2,011,069.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11

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