Organizations Filed Purposes:
TO PROVIDE START UP PUBLIC CHARTER SCHOOLS IN THE DISTRICT OF COLUMBIA WITH BELOW MARKET TEMPORARY FACILITIES.
THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE START UP PUBLIC SCHOOLS IN THE DISTRICT OF COLUMBIA WITH BELOW MARKET, TEMPORARY FACILITIES AND OTHERWISE ADVANCE PUBLIC EDUCATION, WITHIN THE MEANING OF TREASURY REGULATION SECTION 1.501(C)(3)-1(D)(2), AND TO STIMULATE ECONOMIC DEVELOPMENT IN ECONOMICALLY DEPRESSED, HIGH-DENSITY, URBAN AREAS, INHABITED MAINLY BY LOW-INCOME MINORITY OR OTHER DISADVANTAGED GROUPS, WITHIN THE MEANING AND HOLDINGS OF REV. RUL. 74-587, 1974-2 C.B. 162. IN SOME INSTANCES, TO SECURE A FACILITY FOR THE PUBLIC SCHOOLS, IT WILL BE REQUIRED TO HAVE OTHER OCCUPANTS IN THE FACILITY, SUCH AS NON-PROFIT ORGANIZATIONS, GOVERNMENT AGENCIES, SOCIAL SERVICE AGENCIES, COMMUNITY FACILITIES, CHILD CARE CENTERS, AND AFFORDABLE AND WORKFORCE HOUSING. IN SOME CASES, IT ALSO MAY BE REQUIRED TO HAVE FOR PROFIT TENANTS IN FACILITIES TO FACILITATE THE UNDERLYING REAL ESTATE TRANSACTION TO FURTHER ADVANCE PUBLIC EDUCATION, ECONOMIC DEVELOPMENT AND OUR CHARITABLE MISSION. THE ORGANIZATION WILL ACCOMPLISH ITS CHARITABLE PURPOSES, DESPITE THE ELEMENT OF PRIVATE BENEFIT PRESENT, WHEN STIMULATING ECONOMIC DEVELOPMENT, BY USING ITS ASSISTANCE TO (1) AID AN ECONOMICALLY DEPRESSED OR BLIGHTED AREA; (2) BENEFIT A DISADVANTAGED GROUP, SUCH AS MINORITIES, THE UNEMPLOYED OR UNDEREMPLOYED; (3) AID BUSINESSES AND ORGANIZATIONS THAT HAVE ACTUALLY EXPERIENCED DIFFICULTY IN OBTAINING CONVENTIONAL FINANCING, (A) BECAUSE OF THE DETERIORATED NATURE OF THE AREA IN WHICH THE BUSINESS OR ORGANIZATION IS LOCATED, OR (B) BECAUSE OF THEIR MINORITY COMPOSITION; AND/OR (4) AID BUSINESSES THAT WOULD LOCATE OR REMAIN IN THE ECONOMICALLY DEPRESSED OR BLIGHTED AREA AND PROVIDE JOBS AND TRAINING TO THE UNEMPLOYED OR UNDEREMPLOYED FROM SUCH AREA ONLY IF THIS ORGANIZATION'S ASSISTANCE WAS AVAILABLE.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Ornella Napolitano | CFO AND TREASURER | 40 | $60,000 |
| Derrick Mashore | BOARD MEMBER | 1 | $0 |
| Al D'Alessandro | Board Member through 9/24/2019 | 1 | $0 |
| Marianne Keler | BOARD CHAIR | 1 | $0 |
| James Desantis | Board Member | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202121259349302752_public.xml