Skip to content
Nonprofiteer
← DEMOCRACY PREP PUBLIC SCHOOLS

Form 990 for tax year 2022

Filed by DEMOCRACY PREP PUBLIC SCHOOLS.

Totals

Total revenue
$26,763,497
Total expenses
$22,474,670
Contributions and grants received
$1,992,809
Grants paid
$224,601
Program service revenue
$24,770,683
Investment income
$5
Other revenue
$0
Total assets, end of year
$51,801,110
Total liabilities, end of year
$42,266,529
Net assets or fund balances, end of year
$9,534,581
Program services expenses (Part IX)
$20,065,849
Management and general expenses
$2,408,821
Fundraising expenses
$0
Program service expenses (Part III)
$20,065,849

Program services were 89.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $355,963

  • 1f · All other contributions, gifts and grants

    $1,636,846

  • 2a · Program service revenue: MANAGEMENT/CONSULTING FEES

    total $16,797,204 · related or exempt $16,797,204

  • 2b · Program service revenue: RENTAL TO CHARTER SCHOOLS

    total $7,973,479 · related or exempt $7,973,479

  • 3 · Investment income

    total $5 · excluded $5

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $224,601 · program services $224,601

  • 5 · Compensation of officers, directors and key employees

    total $2,404,381 · program services $2,163,943 · management and general $240,438

  • 7 · Other salaries and wages

    total $8,872,172 · program services $7,984,955 · management and general $887,217

  • 8 · Pension plan contributions

    total $378,932 · program services $341,039 · management and general $37,893

  • 9 · Other employee benefits

    total $626,875 · program services $564,187 · management and general $62,688

  • 10 · Payroll taxes

    total $854,187 · program services $768,768 · management and general $85,419

  • 11b · Fees: legal

    total $106,930 · management and general $106,930

  • 11c · Fees: accounting

    total $176,863 · management and general $176,863

  • 11g · Fees: other

    total $1,392,190 · program services $1,252,971 · management and general $139,219

  • 12 · Advertising and promotion

    total $786,513 · program services $786,513

  • 13 · Office expenses

    total $707,439 · program services $599,164 · management and general $108,275

  • 14 · Information technology

    total $86,728 · program services $78,055 · management and general $8,673

  • 16 · Occupancy

    total $3,981,538 · program services $3,583,384 · management and general $398,154

  • 17 · Travel

    total $502,357 · program services $452,121 · management and general $50,236

  • 19 · Conferences, conventions and meetings

    total $15,384 · program services $13,846 · management and general $1,538

  • 22 · Depreciation, depletion and amortization

    total $734,746 · program services $661,271 · management and general $73,475

  • 23 · Insurance

    total $141,360 · program services $127,224 · management and general $14,136

  • 24a · Other expenses: PROFESSIONAL DEVELOP.

    total $304,803 · program services $304,803

  • 24b · Other expenses: FOOD

    total $176,671 · program services $159,004 · management and general $17,667

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,276,941 · end of year $7,045,611

  • 2 · Savings and temporary cash investments

    beginning of year $454,240 · end of year $453,737

  • 3 · Pledges and grants receivable

    beginning of year $63,013 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $315,446 · end of year $211,567

  • 10a · Land, buildings and equipment: cost or other basis

    $9,281,237

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,498,653

  • 10c · Land, buildings and equipment, net

    beginning of year $7,502,611 · end of year $6,782,584

  • 15 · Other assets

    beginning of year $1,945,190 · end of year $37,307,611

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,393,630 · end of year $1,519,261

  • 19 · Deferred revenue

    beginning of year $2,728,722 · end of year $3,231,080

  • 21 · Escrow or custodial account liability

    beginning of year $570,755 · end of year $570,755

  • 23 · Secured mortgages and notes payable

    beginning of year $4,383,857 · end of year $4,071,445

  • 25 · Other liabilities

    beginning of year $3,234,723 · end of year $32,873,988

  • 27 · Net assets without donor restrictions

    beginning of year $5,245,754 · end of year $9,534,581

Mission and programs · 2022

Mission

TO EDUCATE RESPONSIBLE CITIZEN SCHOLARS FOR SUCCESS IN THE COLLEGE OF THEIR CHOICE AND A LIFE OF ACTIVE CITIZENSHIP.

Activities or mission (Part I)

THE ORGANIZATION MANAGES AND OPERATES HIGH-PERFORMING CHARTER SCHOOLS.

  • THE ORGANIZATION OPERATES AS A CHARTER MANAGEMENT ORGANIZATION PROVIDING EDUCATIONAL SERVICES, MANAGEMENT OPERATIONS AND FUNDRAISING ACTIVITIES FOR THE FOLLOWING CHARTER SCHOOLS: DEMOCRACY PREP NEW YORK CHARTER SCHOOLS, FREEDOM PREP CHARTER SCHOOL, DEMOCRACY PREP BATON ROUGE, DEMOCRACY PREP AGASSI CAMPUS, AND DEMOCRACY PREP TEXAS.

    Expenses $20,065,849 · Grants $224,601 · Revenue $24,770,683

As filed on the 2022 return.

Listed in Part VII

  • Ryan Offutt

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Chris Kraus

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Jeri Powell

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Erhard Marius

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • William Collins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Ann Duignan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Carlos Lejnieks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Kayma Liburd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Damian Travier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Natasha Trivers

    CEO

    Total calculated
    $407,528
    From this org
    $383,079
    From related orgs
    $0
    Other
    $24,449
    Hours/week
    65

    Schedule J breakdown matched by us

    Base
    $348,019
    Bonus
    $35,000
    Other
    $60
    Deferred
    $0
    Nontaxable benefits
    $24,449
    Filer's total
    $407,528

  • Valerie M Martinez-Wagner

    CFO

    Total calculated
    $279,352
    From this org
    $258,508
    From related orgs
    $0
    Other
    $20,844
    Hours/week
    65

    Schedule J breakdown matched by us

    Base
    $248,250
    Bonus
    $10,000
    Other
    $258
    Deferred
    $20,500
    Nontaxable benefits
    $344
    Filer's total
    $279,352

  • Stephen Popper

    CHIEF ACADEMIC OFFICER

    Total calculated
    $246,367
    From this org
    $201,184
    From related orgs
    $0
    Other
    $45,183
    Hours/week
    65

    Schedule J breakdown matched by us

    Base
    $191,136
    Bonus
    $10,000
    Other
    $48
    Deferred
    $19,575
    Nontaxable benefits
    $25,608
    Filer's total
    $246,367

  • Danielle Tshirhart

    CHIEF OPERATING OFFICER

    Total calculated
    $241,787
    From this org
    $211,884
    From related orgs
    $0
    Other
    $29,903
    Hours/week
    65

    Schedule J breakdown matched by us

    Base
    $201,830
    Bonus
    $10,000
    Other
    $54
    Deferred
    $18,888
    Nontaxable benefits
    $11,015
    Filer's total
    $241,787

  • Duncan Scherer

    CHIEF SCHOOLS OFFICER

    Total calculated
    $200,266
    From this org
    $180,147
    From related orgs
    $0
    Other
    $20,119
    Hours/week
    65

    Schedule J breakdown matched by us

    Base
    $173,093
    Bonus
    $7,000
    Other
    $54
    Deferred
    $19,250
    Nontaxable benefits
    $869
    Filer's total
    $200,266

  • Michelle Gieg

    CHIEF OF STAFF

    Total calculated
    $172,462
    From this org
    $146,206
    From related orgs
    $0
    Other
    $26,256
    Hours/week
    65

    Schedule J breakdown matched by us

    Base
    $136,152
    Bonus
    $10,000
    Other
    $54
    Deferred
    $8,675
    Nontaxable benefits
    $17,581
    Filer's total
    $172,462

  • Jacqueline Younker

    CHIEF PEOPLE OFFICER

    Total calculated
    $135,832
    From this org
    $111,281
    From related orgs
    $0
    Other
    $24,551
    Hours/week
    65

  • Linda Jones Easton

    SENIOR ADVISOR TO CEO

    Total calculated
    $207,622
    From this org
    $174,877
    From related orgs
    $0
    Other
    $32,745
    Hours/week
    65

    Schedule J breakdown matched by us

    Base
    $164,877
    Bonus
    $10,000
    Other
    $0
    Deferred
    $21,375
    Nontaxable benefits
    $11,370
    Filer's total
    $207,622

  • Georgina Crawley

    GENERAL COUNSEL

    Total calculated
    $261,050
    From this org
    $239,548
    From related orgs
    $0
    Other
    $21,502
    Hours/week
    65

    Schedule J breakdown matched by us

    Base
    $229,479
    Bonus
    $10,000
    Other
    $69
    Deferred
    $1,603
    Nontaxable benefits
    $19,899
    Filer's total
    $261,050

  • Margaret Marrer

    VP OF ACADEMICS

    Total calculated
    $189,533
    From this org
    $167,781
    From related orgs
    $0
    Other
    $21,752
    Hours/week
    65

    Schedule J breakdown matched by us

    Base
    $160,727
    Bonus
    $7,000
    Other
    $54
    Deferred
    $18,182
    Nontaxable benefits
    $3,570
    Filer's total
    $189,533

  • Tanya Nunez Managing

    DIRECTOR OF MIDDLE SCHOOLS

    Total calculated
    $189,232
    From this org
    $168,863
    From related orgs
    $0
    Other
    $20,369
    Hours/week
    65

    Schedule J breakdown matched by us

    Base
    $156,225
    Bonus
    $12,500
    Other
    $138
    Deferred
    $20,025
    Nontaxable benefits
    $344
    Filer's total
    $189,232

  • Ryan Silver Managing

    DIRECTOR OF ELEMENTARY SCHOOLS

    Total calculated
    $185,950
    From this org
    $174,440
    From related orgs
    $0
    Other
    $11,510
    Hours/week
    65

    Schedule J breakdown matched by us

    Base
    $141,987
    Bonus
    $13,300
    Other
    $19,153
    Deferred
    $0
    Nontaxable benefits
    $11,510
    Filer's total
    $185,950

  • Princess V Lyles

    VP, EXTERNAL AFFAIRS

    Total calculated
    $182,266
    From this org
    $136,519
    From related orgs
    $0
    Other
    $45,747
    Hours/week
    65

    Schedule J breakdown matched by us

    Base
    $136,459
    Bonus
    $0
    Other
    $60
    Deferred
    $15,600
    Nontaxable benefits
    $30,147
    Filer's total
    $182,266

  • Ralph Johnson

    VP OF COLLEGE ACCESS & SUC

    Total calculated
    $164,079
    From this org
    $149,159
    From related orgs
    $0
    Other
    $14,920
    Hours/week
    65

    Schedule J breakdown matched by us

    Base
    $148,869
    Bonus
    $200
    Other
    $90
    Deferred
    $11,351
    Nontaxable benefits
    $3,569
    Filer's total
    $164,079

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
RYAN SILVER, FORMER CEO, RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $19,132 WHICH IS INCLUDED IN PART II, COLUMN (B)(III).
PART I, LINE 7
THE ORGANIZATION AWARDED DISCRETIONARY BONUSES TO PERSONS LISTED ON PART VII OF THE 990, AND IS REPORTED IN PART II, COLUMN B(II).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • DEMOCRACY PREP NEVADA LLC

    501(C)(3) · CHARTER OPERATOR FOR DEMOCRACY PREP AGASSI CAMPUS · NV · controlled entity

    Directly controlled by DEMOCRACY PREP PUBLIC SCHOOLS

  • DEMOCRACY PREP AGASSI CAMPUS

    501(C)(3) · K-12 CHARTER SCHOOL · NV · controlled entity

    Directly controlled by DEMOCRACY PREP NEVADA LLC

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202411379349301401

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.