Totals
- Total revenue
- $9,043,437
- Total expenses
- $9,274,141
- Contributions and grants received
- $1,127,555
- Grants paid
- $183,290
- Program service revenue
- $7,909,290
- Investment income
- $245
- Other revenue
- $6,347
- Total assets, end of year
- $6,258,572
- Total liabilities, end of year
- $4,353,709
- Net assets or fund balances, end of year
- $1,904,863
- Program services expenses (Part IX)
- $7,632,006
- Management and general expenses
- $1,272,269
- Fundraising expenses
- $369,866
- Program service expenses (Part III)
- $7,632,006
Program services were 82.3% 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.
-
1c · Fundraising events
$33,892
-
1e · Government grants (contributions)
$131,363
-
1f · All other contributions, gifts and grants
$962,300
-
2a · Program service revenue: MANAGEMENT FEES
total $7,909,290 · related or exempt $7,909,290
-
3 · Investment income
total $245 · excluded $245
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$33,892
-
8b · Fundraising events: direct expenses
$3,000
-
8c · Net income from fundraising events
total -$3,000 · excluded -$3,000
-
11a · Other revenue: OTHER INCOME
total $9,347 · excluded $9,347
-
11e · Other revenue, total
$9,347
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $183,290 · program services $183,290
-
5 · Compensation of officers, directors and key employees
total $1,520,983 · program services $912,590 · management and general $456,295 · fundraising $152,098
-
7 · Other salaries and wages
total $4,083,259 · program services $3,441,396 · management and general $536,028 · fundraising $105,835
-
8 · Pension plan contributions
total $134,154 · program services $114,269 · management and general $16,738 · fundraising $3,147
-
9 · Other employee benefits
total $590,248 · program services $495,921 · management and general $77,314 · fundraising $17,013
-
10 · Payroll taxes
total $417,478 · program services $327,469 · management and general $71,664 · fundraising $18,345
-
11b · Fees: legal
total $22,125 · program services $21,019 · management and general $1,106
-
11c · Fees: accounting
total $18,000 · management and general $18,000
-
11g · Fees: other
total $600,784 · program services $571,167 · management and general $25,997 · fundraising $3,620
-
12 · Advertising and promotion
total $478,972 · program services $478,972
-
13 · Office expenses
total $162,580 · program services $141,713 · management and general $8,807 · fundraising $12,060
-
14 · Information technology
total $129,354 · program services $114,649 · management and general $8,315 · fundraising $6,390
-
16 · Occupancy
total $318,535 · program services $286,681 · management and general $15,927 · fundraising $15,927
-
17 · Travel
total $21,933 · program services $19,739 · management and general $1,097 · fundraising $1,097
-
19 · Conferences, conventions and meetings
total $5,834 · management and general $7 · fundraising $5,827
-
20 · Interest
total $446 · program services $402 · management and general $22 · fundraising $22
-
22 · Depreciation, depletion and amortization
total $30,880 · program services $27,792 · management and general $1,544 · fundraising $1,544
-
23 · Insurance
total $6,467 · management and general $6,467
-
24a · Other expenses: PROFESSIONAL DEVELOP.
total $291,296 · program services $262,166 · management and general $14,565 · fundraising $14,565
-
24b · Other expenses: STAFF MEALS AND EVENTS
total $247,523 · program services $222,771 · management and general $12,376 · fundraising $12,376
-
24c · Other expenses: CLASSROOM SUPPLIES
total $10,000 · program services $10,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $72,463 · end of year $76,151
-
2 · Savings and temporary cash investments
beginning of year $1,997,974 · end of year $1,603,168
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $281,363
-
9 · Prepaid expenses and deferred charges
beginning of year $27,543 · end of year $36,818
-
10a · Land, buildings and equipment: cost or other basis
$566,919
-
10b · Land, buildings and equipment: accumulated depreciation
$49,438
-
10c · Land, buildings and equipment, net
beginning of year $68,310 · end of year $517,481
-
15 · Other assets
beginning of year $254,692 · end of year $3,743,591
-
17 · Accounts payable and accrued expenses
beginning of year $134,192 · end of year $361,776
-
25 · Other liabilities
beginning of year $151,223 · end of year $3,991,933
-
27 · Net assets without donor restrictions
beginning of year $2,087,292 · end of year $1,754,863
-
28 · Net assets with donor restrictions
beginning of year $48,275 · end of year $150,000
Mission and programs · 2022
Mission
TO PROVIDE COMPREHENSIVE MANAGEMENT SERVICES TO THE BROOKLYN PROSPECT CHARTER SCHOOL AND OTHER POTENTIAL SCHOOLS IN ITS NETWORK AND TO RAISE FUNDS IN SUPPORT OF NEW YORK CHARTER SCHOOLS.
Activities or mission (Part I)
TO PROVIDE COMPREHENSIVE MANAGEMENT SERVICES TO BROOKLYN PROSPECT CHARTER SCHOOL AND TO RAISE FUNDS IN SUPPORT OF THE SCHOOL.
-
PROSPECT SCHOOLS, INC. WAS FORMED ON JUNE 4, 2007 UNDER THE LAWS OF NEW YORK. THE ORGANIZATION PROVIDES COMPREHENSIVE MANAGEMENT SERVICES AND RAISES FUNDS TO SUPPORT BROOKLYN PROSPECT CHARTER SCHOOL, AN EDUCATIONAL CORPORATION THAT OPERATES THREE CHARTER SCHOOLS IN THE BOROUGH OF BROOKLYN, NY.
Expenses $7,632,006 · Grants $183,290 · Revenue $7,909,290
As filed on the 2022 return.
Listed in Part VII
-
Ahmed HaqueAHMED HAQUE
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Kate WalkerKATE WALKER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Penny MarzulliPENNY MARZULLI
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Stephen BaileySTEPHEN BAILEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tresha WardTRESHA WARD
CHIEF EXECUTIVE OFFICER
- Total calculated
- $321,667
- From this org
- $306,783
- From related orgs
- $0
- Other
- $14,884
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $306,783
- Bonus
- $0
- Other
- $0
- Deferred
- $12,200
- Nontaxable benefits
- $2,684
- Filer's total
- $321,667
-
Hillary PrinceHILLARY PRINCE
CHIEF FINANCIAL OFFICER
- Total calculated
- $254,811
- From this org
- $213,577
- From related orgs
- $0
- Other
- $41,234
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $213,577
- Bonus
- $0
- Other
- $0
- Deferred
- $8,851
- Nontaxable benefits
- $32,383
- Filer's total
- $254,811
-
Lisa ChenLISA CHEN
CHIEF PEOPLE OFFICER
- Total calculated
- $220,114
- From this org
- $201,879
- From related orgs
- $0
- Other
- $18,235
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $201,879
- Bonus
- $0
- Other
- $0
- Deferred
- $8,141
- Nontaxable benefits
- $10,094
- Filer's total
- $220,114
-
Yehonatan Samuel-SiegelYEHONATAN SAMUEL-SIEGEL
CHIEF OPERATING OFFICER
- Total calculated
- $263,060
- From this org
- $209,816
- From related orgs
- $0
- Other
- $53,244
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $199,816
- Bonus
- $10,000
- Other
- $0
- Deferred
- $20,500
- Nontaxable benefits
- $32,744
- Filer's total
- $263,060
-
Jonathan McIntoshJONATHAN MCINTOSH
CHIEF ACADEMIC OFFICER
- Total calculated
- $272,674
- From this org
- $210,842
- From related orgs
- $0
- Other
- $61,832
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $210,842
- Bonus
- $0
- Other
- $0
- Deferred
- $20,469
- Nontaxable benefits
- $41,363
- Filer's total
- $272,674
-
Paul AstutoPAUL ASTUTO
CHIEF OF STAFF
- Total calculated
- $222,284
- From this org
- $184,637
- From related orgs
- $0
- Other
- $37,647
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $184,637
- Bonus
- $0
- Other
- $0
- Deferred
- $20,500
- Nontaxable benefits
- $17,147
- Filer's total
- $222,284
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 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 7
- YEHONATAN SAMUEL-SIEGEL, CHIEF OPERATING OFFICER, RECEIVED A BONUS & INCENTIVE COMPENSATION IN THE AMOUNT OF $10,000 IN 2022. THE AMOUNT IS INCLUDED 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
-
BROOKLYN PROSPECT CHARTER SCHOOL
$183,290
GENERAL SUPPORT OF SCHOOL OPERATIONS
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431379349300103
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