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← PUBLIC PREP CHARTER SCHOOL ACADEMIES

Form 990 for tax year 2022

Filed by PUBLIC PREP CHARTER SCHOOL ACADEMIES.

Totals

Total revenue
$53,189,146
Total expenses
$53,694,962
Contributions and grants received
$15,202,962
Grants paid
$0
Program service revenue
$37,964,005
Investment income
$12,105
Other revenue
$10,074
Total assets, end of year
$120,774,697
Total liabilities, end of year
$96,558,087
Net assets or fund balances, end of year
$24,216,610
Program services expenses (Part IX)
$49,531,287
Management and general expenses
$4,163,675
Fundraising expenses
$0
Program service expenses (Part III)
$49,531,287

Program services were 92.2% 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)

    $13,901,849

  • 1f · All other contributions, gifts and grants

    $1,301,113

  • 1g · Noncash contributions included above

    $157,256

  • 2a · Program service revenue: STATE & LOCAL PER PUPIL OPERATING

    total $36,883,731 · related or exempt $36,883,731

  • 2b · Program service revenue: MEAL REIMBURSEMENTS - FED. & STAT

    total $970,491 · related or exempt $970,491

  • 2c · Program service revenue: AFTER SCHOOL

    total $80,984 · related or exempt $80,984

  • 2d · Program service revenue: OTHER INCOME

    total $28,799 · related or exempt $28,799

  • 3 · Investment income

    total $12,105 · excluded $12,105

  • 6a · Gross rents

    real property $10,074

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $10,074

  • 6d · Net rental income or loss

    total $10,074 · related or exempt $10,074

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $203,091 · program services $182,782 · management and general $20,309

  • 7 · Other salaries and wages

    total $25,900,326 · program services $23,759,472 · management and general $2,140,854

  • 8 · Pension plan contributions

    total $467,159 · program services $427,003 · management and general $40,156

  • 9 · Other employee benefits

    total $2,959,318 · program services $2,718,361 · management and general $240,957

  • 10 · Payroll taxes

    total $2,022,248 · program services $1,854,245 · management and general $168,003

  • 11a · Fees: management

    total $5,392,780 · program services $4,930,122 · management and general $462,658

  • 11b · Fees: legal

    total $297,757 · program services $272,989 · management and general $24,768

  • 11c · Fees: accounting

    total $99,685 · management and general $99,685

  • 11g · Fees: other

    total $2,242,990 · program services $2,185,793 · management and general $57,197

  • 12 · Advertising and promotion

    total $518,815 · program services $490,132 · management and general $28,683

  • 13 · Office expenses

    total $528,904 · program services $463,837 · management and general $65,067

  • 14 · Information technology

    total $647,783 · program services $645,498 · management and general $2,285

  • 16 · Occupancy

    total $7,333,776 · program services $6,838,062 · management and general $495,714

  • 22 · Depreciation, depletion and amortization

    total $1,517,732 · program services $1,391,937 · management and general $125,795

  • 23 · Insurance

    total $336,622 · program services $309,332 · management and general $27,290

  • 24a · Other expenses: SUPPLIES AND MATERIALS

    total $1,193,770 · program services $1,193,770

  • 24b · Other expenses: FOOD SERVICE

    total $943,292 · program services $943,292

  • 24c · Other expenses: STAFF DEVELOPMENT

    total $561,607 · program services $516,593 · management and general $45,014

  • 24d · Other expenses: STUDENT SERVICES

    total $280,700 · program services $280,700

  • 24e · All other expenses

    total $246,607 · program services $127,367 · management and general $119,240

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,574,656 · end of year $4,267,701

  • 2 · Savings and temporary cash investments

    beginning of year $625,000 · end of year $7,504,989

  • 4 · Accounts receivable

    beginning of year $3,487,853 · end of year $7,516,832

  • 9 · Prepaid expenses and deferred charges

    beginning of year $489,409 · end of year $261,240

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

    $10,659,687

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

    $8,287,947

  • 10c · Land, buildings and equipment, net

    beginning of year $2,664,091 · end of year $2,371,740

  • 15 · Other assets

    beginning of year $8,395,252 · end of year $98,852,195

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,922,692 · end of year $5,403,277

  • 19 · Deferred revenue

    beginning of year $475,438 · end of year $81,234

  • 24 · Unsecured notes and loans payable

    beginning of year $158,077 · end of year $0

  • 25 · Other liabilities

    beginning of year $957,628 · end of year $91,073,576

  • 27 · Net assets without donor restrictions

    beginning of year $24,719,584 · end of year $24,213,768

  • 28 · Net assets with donor restrictions

    beginning of year $2,842 · end of year $2,842

Mission and programs · 2022

Mission

THE CHARTER SCHOOL'S MISSION IS TO PREPARE UNDERSERVED ELEMENTARY AND MIDDLE SCHOOL STUDENTS FOR HIGHER EDUCATION, CIVIC INVOLVEMENT AND LIFELONG SUCCESS THROUGH A STRUCTURED, CARING ENVIRONMENT OF HIGH ACADEMIC EXPECTATIONS.

  • EXPENDITURES TOWARDS IMPLEMENTATION AND OPERATION OF ELEMENTARY AND MIDDLE PUBLIC CHARTER SCHOOLS IN NEW YORK. EXPENSES COVER: SALARIES AND BENEFITS FOR INSTRUCTIONAL AND ADMINISTRATIVE EMPLOYEES, CLASSROOM AND OFFICE SUPPLIES, RECRUITMENT OF STUDENTS AND STAFF, EXTENSIVE PROFESSIONAL DEVELOPMENT, BOOKS, FURNITURE, CONTRACTED EDUCATIONAL SERVICES, INFORMATION TECHNOLOGIES, EQUIPMENT RENTAL AND DEPRECIATION, INSURANCE, LEGAL EXPENSES, CONSULTANTS, LOCAL TRAVEL AND MISCELLANEOUS EXPENSES RELATED TO THE SUCCESSFUL OPERATION OF THE SCHOOLS.

    Expenses $47,860,091 · Revenue $36,839,473

  • EXPENDITURES TOWARDS IMPLEMENTATION AND OPERATION OF 3 PRE-K PUBLIC CHARTER SCHOOLS IN NEW YORK.

    Expenses $1,671,196 · Revenue $1,134,606

As filed on the 2022 return.

Listed in Part VII

  • Laura Weil

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Nicole Kail Greene

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • R Boykin Curry

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Eric Grannis

    TRUSTEE (RESIGNED 12/8/22)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Paul A Vermylen Jr

    TREASURER (RESIGNED 1/29/24)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tamara Zachery

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Khairah Klein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Juan Mejia

    TRUSTEE (RESIGNED 2/10/24)

    Total calculated
    $0
    Hours/week
    1

  • Jessica Strong

    GPLES - MS PRINCIPAL

    Total calculated
    $179,351
    From this org
    $156,728
    From related orgs
    $0
    Other
    $22,623
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,728
    Bonus
    $0
    Other
    $0
    Deferred
    $8,110
    Nontaxable benefits
    $14,513
    Filer's total
    $179,351

  • Katrina Liebst

    GPLES -ES PRINCIPAL

    Total calculated
    $145,841
    From this org
    $132,854
    From related orgs
    $0
    Other
    $12,987
    Hours/week
    40

  • Kendra Radkowski

    GPBX - MS PRINCIPAL

    Total calculated
    $143,068
    From this org
    $129,754
    From related orgs
    $0
    Other
    $13,314
    Hours/week
    40

  • Robin Milliner-Johnson

    GPBX - ES PRINCIPAL

    Total calculated
    $138,231
    From this org
    $138,231
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Hannah Werno

    ACADEMIC DIRECTOR (THRU 9/25/23)

    Total calculated
    $127,245
    From this org
    $114,471
    From related orgs
    $0
    Other
    $12,774
    Hours/week
    40

  • Yael G Nurko

    ASSISTANT DIRECTOR OF CONTENT

    Total calculated
    $125,841
    From this org
    $113,127
    From related orgs
    $0
    Other
    $12,714
    Hours/week
    40

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 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202401319349302340

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