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Nonprofiteer
← DESTINE PREPARATORY CHARTER SCHOOL

Form 990 for tax year 2022

Filed by DESTINE PREPARATORY CHARTER SCHOOL.

Totals

Total revenue
$1,957,884
Total expenses
$2,262,768
Contributions and grants received
$1,957,884
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,356,051
Total liabilities, end of year
$2,478,141
Net assets or fund balances, end of year
-$122,090
Program services expenses (Part IX)
$1,873,157
Management and general expenses
$389,611
Fundraising expenses
$0
Program service expenses (Part III)
$1,873,157

Program services were 82.8% 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)

    $1,900,298

  • 1f · All other contributions, gifts and grants

    $57,586

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $31,879 · program services $27,097 · management and general $4,782

  • 7 · Other salaries and wages

    total $787,396 · program services $689,527 · management and general $97,869

  • 9 · Other employee benefits

    total $70,125 · program services $61,207 · management and general $8,918

  • 10 · Payroll taxes

    total $63,738 · program services $55,726 · management and general $8,012

  • 11a · Fees: management

    total $73,651 · program services $73,651

  • 11b · Fees: legal

    total $12,793 · management and general $12,793

  • 11c · Fees: accounting

    total $17,150 · management and general $17,150

  • 11g · Fees: other

    total $151,455 · program services $83,061 · management and general $68,394

  • 13 · Office expenses

    total $130,316 · program services $117,070 · management and general $13,246

  • 16 · Occupancy

    total $479,034 · program services $418,045 · management and general $60,989

  • 20 · Interest

    total $29,221 · management and general $29,221

  • 22 · Depreciation, depletion and amortization

    total $48,177 · program services $42,043 · management and general $6,134

  • 23 · Insurance

    total $21,554 · program services $18,810 · management and general $2,744

  • 24a · Other expenses: CURRICULUM AND CLASSROO

    total $164,440 · program services $164,440

  • 24b · Other expenses: NON-CAPITALIZED EQUIPME

    total $84,864 · program services $25,505 · management and general $59,359

  • 24c · Other expenses: FOOD SERVICES

    total $29,197 · program services $29,197

  • 24d · Other expenses: STUDENT AND STAFF RECRU

    total $27,454 · program services $27,454

  • 24e · All other expenses

    total $40,324 · program services $40,324

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $321,929 · end of year $68,620

  • 3 · Pledges and grants receivable

    beginning of year $200,338 · end of year $516,165

  • 9 · Prepaid expenses and deferred charges

    end of year $20,710

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

    $230,913

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

    $48,177

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $182,736

  • 15 · Other assets

    beginning of year $0 · end of year $1,567,820

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,101 · end of year $86,354

  • 18 · Grants payable

    end of year $67,293

  • 23 · Secured mortgages and notes payable

    beginning of year $323,372 · end of year $500,674

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,823,820

  • 27 · Net assets without donor restrictions

    beginning of year $182,794 · end of year -$122,090

Mission and programs · 2022

Mission

THE PURPOSE FOR WHICH THE CORPORATION IS ORGANIZED IS TO ESTABLISH AND OPERATE A CHARTER SCHOOL TO ENSURE ACADEMIC SUCCESS FOR STUDENTS IN GRADES K-5 IN SCHENECTADY. DESTINE PREPARATORY CHARTER SCHOOL PROMISES A RIGOROUS ACADEMIC PROGRAM DRIVEN BY EQUITABLE USE OF SERVICES FOR ALL STUDENTS.

Activities or mission (Part I)

TO ESTABLISH AND OPERATE A CHARTER SCHOOL TO ENSURE ACADEMIC SUCCESS FOR STUDENTS IN GRADES K-5 IN SCHENECTADY. DESTINE PREPARATORY CHARTER SCHOOL PROMISES A RIGOROUS ACADEMIC PROGRAM DRIVEN BY EQUITABLE USE OF SERVICES FOR ALL STUDENTS.

  • AT DESTINE PREP, WE ARE DEDICATED TO CREATING A WELCOMING LEARNING ENVIRONMENT THAT OFFERS AN ENRICHING AND RIGOROUS CURRICULUM TO SCHOLARS IN SCHENECTADY, NEW YORK. OUR SCHOOLS PROVIDE AN EXTENDED LEARNING DAY AND SCHOOL YEAR, AS WELL AS ENRICHMENT ACTIVITIES IN MUSIC AND THE ARTS, TO ENSURE YOUR CHILD RECEIVES THE HIGH-QUALITY EDUCATION THEY DESERVE.DESTINE PREP WILL SERVE GRADES KINDERGARTEN AND FIRST GRADE FOR THE 2022-2023 SCHOOL YEAR. EACH YEAR WILL GROW A GRADE UNTIL 5TH GRADE. DESTINE PREP'S MISSION IS TO SUPPORT STUDENTS AND DEVELOP FUTURE LEADERS.(CONTINUED ON SCHEDULE O)EVERY CHILD CAN LEARN AND DESERVES A SCHOOL THAT RECOGNIZES THEIR POTENTIAL. TO FOSTER A SUPPORTIVE LEARNING ENVIRONMENT FOR ALL STUDENTS, WE CREATE INDIVIDUALIZED LEARNING PLANS IN COLLABORATION WITH FAMILIES. THE PLANS ARE BASED ON THE SPECIFIC NEEDS OF EACH CHILD. ALL SCHOLARS SHOULD BE NURTURED AND CHALLENGED THROUGH A BROAD AND BALANCED CURRICULUM TO ACHIEVE THEIR TRUE POTENTIAL. OUR AIM IS TO CREATE STIMULATING ENVIRONMENTS THAT INSPIRE LEARNING, EVOKE CURIOSITY, AND CHALLENGE EXPECTATIONS.

    Expenses $1,873,157

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • RAYSHEEA TURNER

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • RAUL CASTILLO

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • CHERLY ALMONTE LARE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHRISHEENA HILL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARK MUSCATIELLO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ASHLEY WHITESIDE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RE'SHAWN ROGERS

    EXECUTIVE DIRECTOR

    Total calculated
    $84,177
    From this org
    $83,751
    From related orgs
    $0
    Other
    $426
    Hours/week
    43

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
7 May 2024
IRS schema version
2022v5.0
Source object
202441289349302319

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