2024-05-14T00:29:22-04:00 2023-06-30 462108854 KENDALL PREBOLA AND JONES LLC PO BOX 259 BEDFORD PA 155220259 990 2022-07-01 460682130 COMMUNITY COLLEGE PREPARATORY ACADEMY PUBLIC CHARTER SCHOOL COMM 2027703252 3301 WHEELER ROAD SE WASHINGTON DC 20032 MONICA RAY CHAIR 2026105780 2024-05-13 true MONICA RAY 999009999 false RICHARD M JONES CPA P00621721 8146231880 2024-05-13 X 2022 2023-04-26 12:10:37Z WALLACE HENRY III 3301 WHEELER ROAD SE WASHINGTON DC 20032 9301583 false X WWW.CCPREP-ACADEMY.ORG X 2012 DC 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. 8 8 79 13 0 1844918 78124 7885603 9079320 9210 144085 54 9739731 9301583 0 0 4029014 4529445 0 62482 2896651 3054276 6925665 7583721 2814066 1717862 11313740 26406123 209109 13583630 11104631 12822493 X 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. false false 6417450 9079320 THE DESIGN OF THE CHARTER 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. PROGRAMS AND SERVICES: THE INSTRUCTIONAL MODEL FOR CC PREP RESPONDS TO THESE CHALLENGES BY PROVIDING A COMPREHENSIVE, PROVEN, BLENDED LEARNING APPROACH. PROGRAMMING INCLUDES REMEDIATION IN CORE ACADEMIC SKILLS; CORE SKILLS IN COMPUTER LITERACY; ON-LINE LEARNING THAT LEADS TO A HIGH SCHOOL DIPLOMA VIA THE NEW GED EXAM, COLLEGE ENTRY AT FRESHMAN LEVEL VIA SUCCESSFUL PREPARATION FOR THE ACUPLACER EXAMINATION. ADDITIONALLY, TRAINING AND NATIONAL CERTIFICATION IS PROVIDED IN HEATING AND VENTILATION (HVAC). THE CAREER FOCUSED PROGRAMMING TITLED CAREER PATHWAYS INCLUDES PREPARATION FOR A RANGE OF HIGHLY PORTABLE, NATIONAL CERTIFICATIONS TO SUPPORT ENTRY TO THE CITY'S KNOWLEDGE-BASED ECONOMY AND 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. CC PREP HAS A STAFF OF 42 FULL-TIME AND 3 PART-TIME AND SCHOOL YEAR 2023 OPERATING BUDGET OF OVER 9.0 MILLION THIS YEAR. CC PREP WAS APPROVED BY THE DC PUBLIC CHARTER SCHOOL BOARD IN JANUARY 2012 AND CLASSES BEGAN IN SEPTEMBER 2013. THE FOUNDER, C. VANNESSA (CONNIE) SPINNER, HAD MORE THAN 30 YEARS OF EXPERIENCE IN EDUCATION AND WORKFORCE DEVELOPMENT WHEN THE SCHOOL BEGAN. CC PREP CAN MAINTAIN ADMINISTRATIVE AND FISCAL INFRASTRUCTURE AS PART OF THE CITY'S ONGOING PUBLIC DOLLAR FUNDING COMMITMENT ESTABLISHED BY THE CHARTER SCHOOL LEGISLATION. THE SCHOOL'S CHARTER WAS REVIEWED AND APPROVED IN SY2018 AND UNDERWENT A SUCCESSFUL TEN-YEAR REVIEW IN SY2023. IN SY2020, THE BOARD REDESIGNED THE STRUCTURE TO INCLUDE A C SUITE WITH A CHIEF ADVOCACY OFFICER AND A CHIEF EXECUTIVE OFFICER. THE CHARTER 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 AND / OR DUAL ENROLLMENT. 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. THE SCHOOL CURRENTLY OFFERS FIVE PROGRAMMATIC PATHWAYS THAT INCLUDE THE FOLLOWING: COLLEGE & CAREER FOUNDATIONS PATHWAY (INCLUDES GED AND ACCUPLACER PREP) ADMIRATIVE TECHNICIAN PATHWAY (INCLUDES MICROSOFT SUITE) CONSTRUCTION PATHWAY (INCLUDES HVAC 608 & 609) IT PATHWAY (INCLUDES, IT FUNDAMENTALS, A+, NETWORK + & GOOGLE DATA ANALYTICS) HEALTH TECH PATHWAY (WILL INCLUDE EMT) BASED UPON REVIEW OF STUDENT DATA, THE ORGANIZATION CONTINUED AS A YEAR- ROUND SCHOOL AND OPERATED FROM 9:00 AM TO 8:30 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 TABE (TEST OF ADULT BASIC EDUCATION). THE GED PREPARATION PROGRAM WAS DEVELOPED TO ALIGN WITH THE COMMON CORE STANDARDS AND IS THE DECLARED GOAL FOR APPROXIMATELY 25% OF ALL ENROLLED STUDENTS. BASED ON THE ASSESSMENT ANALYSIS, A LEARNING PRESCRIPTION IS CREATED TO TRACK AND SUPPORT STUDENT ACADEMIC PROGRESS THROUGHOUT THE YEAR. ALL STUDENTS ARE EXPECTED TO SPEND A MINIMUM OF FIFTEEN HOURS A WEEK IN CLASS. IN ADDITION TO REGULARLY SCHEDULED TABE ASSESSMENTS, STUDENTS ARE ASSESSED FOR SKILL MASTERY AS PART OF THE CURRICULAR DESIGN. DURING THIS POST PANDEMIC YEAR, STUDENTS CONTINUED TO PARTICIPATE IN CLASS BOTH IN-PERSON AND VIRTUALLY. 6417450 true true false false false false false false false false true false false true true true false true true false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 2 0 79 true false false false false false false false false false false false false X 8 8 false false false false false false false true true false false true true true true true true true false false X X WALLACE HENRY III 2027703252 3301 WHEELER ROAD SE WASHINGTON DC 20032 MONICA RAY CHAIR 7.00 X X 0 0 0 TYON JONES VICE CHAIR 2.00 X X 0 0 0 LAVON WASHINGTON TREASURER 2.00 X X 0 0 0 DARYA DAVIS SECRETARY 2.00 X X 0 0 0 BRIAN ATKINS BOARD MEMBER 2.00 X 0 0 0 MELVYN SMITH BOARD MEMBER 2.00 X 0 0 0 RAMONA BARBER BOARD MEMBER 2.00 X 0 0 0 DARREL GASTON BOARD MEMBER 2.00 X 0 0 0 ASHLEY MITCHELL - OUTGOING VICE CHAIR 2.00 X X 0 0 0 JOVANDA WARREN - OUTGOING BOARD MEMBER 2.00 X 0 0 0 CLYDE EDWARDS - OUTGOING BOARD MEMBER 2.00 X 0 0 0 EARLEY CHRISTOPHER - OUTGOING BOARD MEMBER 2.00 X 0 0 0 DONALD TEMPLE - OUTGOING BOARD MEMBER 2.00 X 0 0 0 WALLACE HENRY III CEO 40.00 X 143210 0 19460 JASON LODY - OUTGOING CEO 40.00 X 57277 0 1614 BOB JEROME ADAMS BUSINESS MAN 40.00 X 42217 0 2618 MONICA JONES - BOARD LIASION AND GOVERNANCE A 40.00 X 129048 0 27693 ANDREA ROBINSON - EXECUTIVE ASSISTANT TO 40.00 X 112026 0 14585 483778 65970 3 false true false CAPITAL SERVICES MANAGEMENT INC 3200 MARTIN LUTHER KING JR AVE SE WASHINGTON DC 20032 JANITORIAL 236738 DYNAMIC NETWORK SOLUTIONS 3919 NATIONAL DR STE 100 BURTONSVILLE MD 20866 INFORMATION TEC 168417 A & D SECURITY CONSULTANTS 7801 OLD BRANCH AVE SUITE 201 CLINTON MD 20735 SECURITY 117502 3 78079 45 78124 PER PUPIL FUNDING 611710 8998820 8998820 CONTRACT REVENUE 611710 80500 80500 9079320 144085 144085 VENDING MACHINE SALES 900099 54 54 54 9301583 9079374 144085 267712 166746 84478 16488 3301898 2871231 411367 19300 16336 14051 2155 130 637935 548696 84154 5085 305564 260460 42133 2971 6851 6851 81893 81893 232862 179413 53449 213007 183331 27669 2007 137389 119371 18018 1159980 998373 150680 10927 161203 160968 235 175739 151255 22829 1655 6488 6488 DIRECT STUDENT COSTS 466904 466904 PROFESSIONAL DEVELOPMENT 173889 151086 22803 AUTHORIZER FEE 84651 71953 12698 OTHER GENERAL EXPENSES 73125 3846 65360 3919 80295 69766 10529 7583721 6417450 1103789 62482 420331 1822380 8974095 7577495 722109 89996 101548 13283300 114228 135679 1394980 1028178 965704 366802 129670 27277 2989249 11313740 26406123 209109 273051 13283300 27279 209109 13583630 X 10104131 12133182 1000500 689311 11104631 12822493 11313740 26406123 1717862 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36594 36594 1358386 991584 366802 366802 INVESTMENT IN CC PREP QALICB, LLC 1575537 CASH RESTRICTED FOR INTEREST RESERVE 897483 DUE FROM CC PREP QALICB, LLC 482085 OPERATING LEASE RIGHT-OF-USE ASSETS 27279 SECURITY DEPOSITS 6865 2989249 OPERATING LEASE LIABILITY 27279 27279 X 9362197 60614 60614 9301583 9301583 7929290 345569 345569 7583721 7583721 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 CHARTER SCHOOL PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2023, 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, 2023, THE STATUTE OF LIMITATIONS FOR TAX YEARS 2019 THROUGH 2021 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 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, 2023, THE CHARTER SCHOOL HAD NO ACCRUALS FOR INTEREST AND/OR PENALTIES. SCHEDULE D, PAGE 4, PART XI, LINE 2D CC PREP QUALICB, LLC - REVENUES 60,614 SCHEDULE D, PAGE 4, PART XII, LINE 2D CC PREP QUALICB, LLC - EXPENSES 345,569 true true false true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 THE 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. SCHEDULE E, LINE 6 THE 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. 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 PASSED THROUGH THE OFFICE OF THE STATE SUPERINTENDENT OF EDUCATION IN THE DISTRICT OF COLUMBIA. X X X X false false false false false false false true false WALLACE HENRY III CEO 138210 5000 5378 14082 162670 MONICA JONES - BOARD LIASION AND GOVERNANCE ADMIN 129048 2705 24988 156741 SCHEDULE J, PAGE 1, PART I, LINE 7 PERFORMANCE BONUSES ARE PAID BASED ON EVALUATION OF MANAGEMENT FORM 990 - ORGANIZATION'S 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. FORM 990, PAGE 1, PART I, LINE 6 VOLUNTEERS CONSIST OF MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PAGE 2, PART III, LINE 4A THE DESIGN OF THE CHARTER 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. PROGRAMS AND SERVICES: THE INSTRUCTIONAL MODEL FOR CC PREP RESPONDS TO THESE CHALLENGES BY PROVIDING A COMPREHENSIVE, PROVEN, BLENDED LEARNING APPROACH. PROGRAMMING INCLUDES REMEDIATION IN CORE ACADEMIC SKILLS; CORE SKILLS IN COMPUTER LITERACY; ON-LINE LEARNING THAT LEADS TO A HIGH SCHOOL DIPLOMA VIA THE NEW GED EXAM, COLLEGE ENTRY AT FRESHMAN LEVEL VIA SUCCESSFUL PREPARATION FOR THE ACUPLACER EXAMINATION. ADDITIONALLY, TRAINING AND NATIONAL CERTIFICATION IS PROVIDED IN HEATING AND VENTILATION (HVAC). THE CAREER FOCUSED PROGRAMMING TITLED CAREER PATHWAYS INCLUDES PREPARATION FOR A RANGE OF HIGHLY PORTABLE, NATIONAL CERTIFICATIONS TO SUPPORT ENTRY TO THE CITY'S KNOWLEDGE-BASED ECONOMY AND 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. CC PREP HAS A STAFF OF 42 FULL-TIME AND 3 PART-TIME AND SCHOOL YEAR 2023 OPERATING BUDGET OF OVER 9.0 MILLION THIS YEAR. CC PREP WAS APPROVED BY THE DC PUBLIC CHARTER SCHOOL BOARD IN JANUARY 2012 AND CLASSES BEGAN IN SEPTEMBER 2013. THE FOUNDER, C. VANNESSA (CONNIE) SPINNER, HAD MORE THAN 30 YEARS OF EXPERIENCE IN EDUCATION AND WORKFORCE DEVELOPMENT WHEN THE SCHOOL BEGAN. CC PREP CAN MAINTAIN ADMINISTRATIVE AND FISCAL INFRASTRUCTURE AS PART OF THE CITY'S ONGOING PUBLIC DOLLAR FUNDING COMMITMENT ESTABLISHED BY THE CHARTER SCHOOL LEGISLATION. THE SCHOOL'S CHARTER WAS REVIEWED AND APPROVED IN SY2018 AND UNDERWENT A SUCCESSFUL TEN-YEAR REVIEW IN SY2023. IN SY2020, THE BOARD REDESIGNED THE STRUCTURE TO INCLUDE A C SUITE WITH A CHIEF ADVOCACY OFFICER AND A CHIEF EXECUTIVE OFFICER. THE CHARTER 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 AND / OR DUAL ENROLLMENT. 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. THE SCHOOL CURRENTLY OFFERS FIVE PROGRAMMATIC PATHWAYS THAT INCLUDE THE FOLLOWING: COLLEGE & CAREER FOUNDATIONS PATHWAY (INCLUDES GED AND ACCUPLACER PREP) ADMIRATIVE TECHNICIAN PATHWAY (INCLUDES MICROSOFT SUITE) CONSTRUCTION PATHWAY (INCLUDES HVAC 608 & 609) IT PATHWAY (INCLUDES, IT FUNDAMENTALS, A+, NETWORK + & GOOGLE DATA ANALYTICS) HEALTH TECH PATHWAY (WILL INCLUDE EMT) BASED UPON REVIEW OF STUDENT DATA, THE ORGANIZATION CONTINUED AS A YEAR- ROUND SCHOOL AND OPERATED FROM 9:00 AM TO 8:30 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 TABE (TEST OF ADULT BASIC EDUCATION). THE GED PREPARATION PROGRAM WAS DEVELOPED TO ALIGN WITH THE COMMON CORE STANDARDS AND IS THE DECLARED GOAL FOR APPROXIMATELY 25% OF ALL ENROLLED STUDENTS. BASED ON THE ASSESSMENT ANALYSIS, A LEARNING PRESCRIPTION IS CREATED TO TRACK AND SUPPORT STUDENT ACADEMIC PROGRESS THROUGHOUT THE YEAR. ALL STUDENTS ARE EXPECTED TO SPEND A MINIMUM OF FIFTEEN HOURS A WEEK IN CLASS. IN ADDITION TO REGULARLY SCHEDULED TABE ASSESSMENTS, STUDENTS ARE ASSESSED FOR SKILL MASTERY AS PART OF THE CURRICULAR DESIGN. DURING THIS POST PANDEMIC YEAR, STUDENTS CONTINUED TO PARTICIPATE IN CLASS BOTH IN-PERSON AND VIRTUALLY. FORM 990, PAGE 6, PART VI, LINE 11B THE CHIEF EXECUTIVE OFFICER 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 CHIEF EXECUTIVE OFFICER 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 CHIEF EXECUTIVE OFFICER'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. THE FINANCIAL STATEMENTS ARE ALSO MADE AVAILABLE ON THE WEBSITE OF THE D.C. PUBLIC CHARTER SCHOOL BOARD. CC PREP QALICB LLC 2405 MARTIN LUTHER KING AVE SE WASHINGTON DC 20020 933124114 NMTC DC CC PREP COMMUNITY COLLEGE PREPATORY RELATED -270707 21242005 false true 0.95000 false true false true false false false false false false false false false false false false false false false CC PREP QALICB LLC B 1575337 CC PREP QALICB LLC D 2000000 SCHEDULE R ON MARCH 7, 2023, THE CC PREP QALICB, LLC, WAS ORGANIZED AS A DOMESTIC LIMITED LIABILITY COMPANY UNDER THE DISTRICT OF COLUMBIA UNIFORM LIMITED LIABILITY COMPANY ACT OF 2010. THE FORMATION OF THIS COMPANY WAS FOR THE PURPOSE OF PARTICIPATING IN THE INTERNAL REVENUE SERVICES FEDERAL NEW MARKETS TAX CREDIT (NMTC) PROGRAM IN ORDER TO DEVELOP AND CONSTRUCT A NEW FACILITY SITE AND CAMPUS FOR ITS SCHOOL OPERATIONS AND PROGRAMS, LOCATED AT 1802 WOODMONT PLACE, SE, WASHINGTON, DC. UPON COMPLETION OF THE CONSTRUCTION PROJECT, CC PREP QALICB, LLC, WILL BE RESPONSIBLE FOR OWNING, MANAGING, AND LEASING THE REAL ESTATE TO THE COMMUNITY COLLEGE PREPARATORY ACADEMY PUBLIC CHARTER SCHOOL. THE CC PREP QALICB, LLC, IS CURRENTLY SERVING AS A LEVERAGE LENDER TO INDIRECTLY FUND THE NMTC LOANS. AS DEFINED IN THE OPERATING AGREEMENT, THE COMMUNITY COLLEGE PREPARATORY ACADEMY PUBLIC CHARTER SCHOOL IS THE MANAGING MEMBER OF THE PARTNERSHIP WITH A CONTROLLING 95% MEMBERSHIP INTEREST. CAPITAL CONTRIBUTION REFLECTS AMOUNT GIVEN TO CC PREP QALICB, LLC DURING THE FISCAL YEAR ENDED JUNE 30, 2023.