2024-05-06T15:43:05-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2022-07-01 821301171 DEMOCRACY PREP AT THE AGASSI CAMPUS DEMO 7023162410 1201 W LAKE MEAD BLVD LAS VEGAS NV 89106 SHANDREA DANIEL INTERIM REGIONAL SUPERINTENDENT, NV 7023152410 2024-04-30 1 SHANDREA DANIEL 999009999 0 DERRICK DEBRUYNE P00591016 6268577300 2024-04-30 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SHANDREA DANIEL 1201 W LAKE MEAD BLVD LAS VEGAS NV 89106 12171620 0 X WWW.DPAC.DEMOCRACYPREP.ORG X 2017 NV TO EDUCATE RESPONSIBLE CITIZEN-SCHOLARS FOR SUCCESS IN THE COLLEGE OF THEIR CHOICE AND A LIFE OF ACTIVE CITIZENSHIP. 9 9 117 11 0 0 11953923 12148060 0 0 0 0 17190 23560 11971113 12171620 0 0 0 0 7615220 7848964 0 0 0 5247748 7642829 12862968 15491793 -891855 -3320173 8788299 7975768 8171502 10679144 616797 -2703376 DPAC SEEKS TO EDUCATE RESPONSIBLE CITIZEN-SCHOLARS FOR SUCCESS IN THE COLLEGE OF THEIR CHOICE AND A LIFE OF ACTIVE CITIZENSHIP. 0 0 12473268 10060 FUSING A RIGOROUS INSTRUCTIONAL PROGRAM WITH A FULL COMPLEMENT OF ARTS AND ATHLETICS OFFERINGS, DPAC AIMS TO BE THE HIGHEST PERFORMING PUBLIC SCHOOL CHOICE FOR FAMILIES IN LAS VEGAS. 12473268 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 47 0 1 117 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X JACKIE WHITE 7023162410 1201 W LAKE MEAD BLVD LAS VEGAS NV 89106 DR JOSEPH MORGAN CHAIRMAN 1.00 0.00 X X 0 0 0 SHARONNA SHELTON VICE CHAIR 1.00 0.00 X X 0 0 0 DR NANCY BRUNE MEMBER 1.00 0.00 X 0 0 0 LINDA JONES EASTON MEMBER 1.00 0.00 X 0 0 0 ARTURO LINAN MARTINEZ MEMBER 1.00 0.00 X 0 0 0 COURTNEY MOORE MEMBER 1.00 0.00 X 0 0 0 DR TARA RAINES MEMBER 1.00 0.00 X 0 0 0 JOHNNY REED MEMBER 1.00 0.00 X 0 0 0 ADAM JOHNSON MEMBER 1.00 0.00 X 0 0 0 CHAUNCEY NASH EXECUTIVE DIRECTOR 1.00 40.00 X 0 106863 1508 0 106863 1508 0 0 0 0 NEW DIRECTION SOLUTIONS LLC DBA PROCARE PO BOX 934411 ATLANTA GA 311934411 SPED TEACHER, COTA, SLP, SOCIAL WORKER, 783665 THE STEPPING STONES GROUP LLC 123 NORTH WACKER DRIVE CHICAGO IL 60606 SUBSTITUTE GENED AND SPED TEACHERS, OT, 593994 MIGUEL COVARRUBIAS 1601 YELLOW ROSE ST LAS VEGAS NV 89108 HIGH SCHOOL MEDICAL TRAINING AND SPORT T 105000 3 8696467 3451593 12148060 13500 0 13500 13500 13500 STUDENT ACTIVITIES 900099 10060 10060 10060 12171620 23560 0 0 X 5594958 5194262 400696 1767707 1640806 126901 442403 410644 31759 43896 40745 3151 1478702 1478702 59866 59866 51604 51604 3596433 3319543 276890 27539 27539 245715 117313 128402 896164 896164 32531 32531 214365 214365 186119 186119 INSTRUCTIONAL MATERIALS 756390 756390 OTHER EXPENSES 97401 97401 15491793 12473268 3018525 0 424942 1247907 730435 184581 40881 90755 1022907 772621 323514 250286 7268527 6202239 8788299 7975768 1610462 2201032 3412206 7088241 3148834 1389871 8171502 10679144 X 463123 -2995842 153674 292466 616797 -2703376 8788299 7975768 -3320173 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1022907 772621 250286 250286 DEFERRED OUTFLOWS - PENSIONS 6193239 SECURITY DEPOSIT 9000 6202239 DUE TO RELATED PARTIES 1384826 DEFERRED INFLOWS - PENSIONS 5045 1389871 13751620 1580000 1580000 12171620 0 12171620 17071793 1580000 1580000 15491793 0 15491793 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 0 SCHEDULE E, PART I, LINE 3 AS A PUBLIC SCHOOL, SUBJECT TO OPEN ENROLLMENT, THE CHARTER SCHOOL IS NOT SUBJECT TO THE SPECIFIED GUIDELINES SET FORTH IN REV. PROC. 75-50. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES PER-PUPIL FUNDING FROM THE NEVADA DEPARTMENT OF EDUCATION UNDER THEIR CHARTER AGREEMENT. THE SCHOOL ALSO RECEIVES VARIOUS FEDERAL, STATE, AND CITY FUNDING INCLUDING ENTITLEMENTS TO ASSIST WITH COVERING THE COST OF CERTAIN PROGRAMS. SCHEDULE E, PART I, LINE 7 AS A PUBLIC SCHOOL, SUBJECT TO OPEN ENROLLMENT, THE CHARTER SCHOOL IS NOT SUBJECT TO THE SPECIFIED GUIDELINES SET FORTH IN REV. PROC. 75-50. FORM 990, PART VI, SECTION A, LINE 3 EFFECTIVE JULY 1, 2017, THE DEMOCRACY PREP AGASSI CAMPUS ENTERED INTO A MANAGEMENT AGREEMENT WITH DEMOCRACY PREP PUBLIC SCHOOLS ("DPPS") AND DEMOCRACY PREP NEVADA ("DPN") TO SUPPORT THE SCHOOL'S EDUCATIONAL PROCESS, MANAGEMENT AND OPERATIONS. AS COMPENSATION TO DPPS FOR THESE SERVICES RENDERED, THE SCHOOL SHALL PAY TO DPPS AN ANNUAL FEE EQUAL TO 15% OF THE SCHOOL'S NON-COMPETITIVE PUBLIC REVENUE IN THE INITIAL TERM OF ONE YEAR. THE PERCENTAGE WILL DECREASE BY ONE-HALF PERCENT (0.5%) IN EACH RENEWAL TERM UNTIL IT REACHES A MINIMUM OF 12% OF THE NON-COMPETITIVE PUBLIC REVENUE OF THE SCHOOL AND WILL REMAIN IN EFFECT FOR ALL SUBSEQUENT RENEWAL TERMS. FOLLOWING THE INITIAL TERM, THE AGREEMENT WILL AUTOMATICALLY EXTEND FOR SUCCESSIVE ONE-YEAR PERIODS UNLESS TERMINATED BY EITHER PARTY. THE AGREEMENT INCLUDES A PROVISION WHICH STATES THAT IN THE EVENT DPAC INCURS AS OPERATING DEFICIT DUE TO MANAGEMENT FEES CHARGED, THE MANAGEMENT FEES WILL BE REDUCED TO AN AMOUNT THAT WOULD RESULT IN A ZERO CHANGE IN FUND BALANCE/NET POSITION. FORM 990, PART VI, SECTION A, LINE 7A DEMOCRACY PREP NEVADA LLC, A WHOLLY OWNED SUBSIDIARY OF DEMOCRACY PREP PUBLIC SCHOOLS, HAS THE AUTHORITY TO ELECT THE BOARD OF DIRECTORS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING CORPORATE EVENTS SHALL BE APPROVED BY DEMOCRACY PREP NEVADA LLC: (A) AMENDMENTS TO THE ARTICLES OF INCORPORATION; (B) AMENDMENTS TO THE BYLAWS; (C) SALE OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE CORPORATIOJN; (D) ANY MERGERS, CONSOLIDATIONS, CONVERSION OR DOMESTICATION OF THE CORPORATION; OR (E) DISSOLUTION OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS REVIEWED BY MANAGEMENT AND DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND OFFICERS ARE REQUIRED TO DISCLOSE THE EXISTENCE OF ANY CONFLICTS OF INTEREST ON AN ANNUAL BASIS. BEFORE BOARD OR COMMITTEE ACTION ON A CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST, A DIRECTOR OR COMMITTEE MEMBER HAVING A CONFLICT OF INTEREST AND WHO IS IN ATTENDANCE AT THE MEETING SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. SUCH DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT WILL BE VOTED ON AT A MEETING SHALL NOT BE COUNTED IN DETERMING THE PRESENCE OF A QUORUM FOR PURPOSES OF THE VOTE. 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, CONFLICTS OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST AT 1201 W. LAKE MEAD BLVD., LAS VEGAS, NV 89106, OR BY CALLING THE ORGANIZATION DIRECTLY AT (702)-316-2410. FORM 990, PART IX, LINE 11G OTHER FEES FOR SERVICES: PROGRAM SERVICE EXPENSES 2,263,345. MANAGEMENT AND GENERAL EXPENSES 276,890. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,540,235. STUDENT SERVICES : PROGRAM SERVICE EXPENSES 1,056,198. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,056,198. FORM 990. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED OVERSIGHT PROCESS FROM THE PREVIOUS YEAR. DEMOCRACY PREP PUBLIC SCHOOLS 1767 PARK AVENUE 4TH FLOOR NEW YORK NY 10035 202629354 MANAGEMENT NY 501(C)3 LINE 7 N/A 0 DEMOCRACY PREP NEVADA LLC 1201 W LAKE MEAD BLVD LAS VEGAS NV 89106 320520597 MANAGEMENT NV 501(C)3 LINE 7 N/A 0 BRONX PREP CHARTER SCHOOL 3872 3RD AVE BRONX NY 10457 061581474 MANAGEMENT NY 501(C)3 LINE 7 N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 DEMOCRACY PREP PUBLIC SCHOOLS M 1478702