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Nonprofiteer
← CONEY ISLAND PREP BUILDERS INC

Form 990 for tax year 2023

Filed by CONEY ISLAND PREP BUILDERS INC.

Totals

Total revenue
$7,126,267
Total expenses
$5,774,988
Contributions and grants received
$4,155,978
Grants paid
$1,933,805
Program service revenue
$2,653,512
Investment income
$352,823
Other revenue
-$36,046
Total assets, end of year
$25,495,094
Total liabilities, end of year
$10,140,726
Net assets or fund balances, end of year
$15,354,368
Program services expenses (Part IX)
$5,313,323
Management and general expenses
$445,687
Fundraising expenses
$15,978
Program service expenses (Part III)
$5,313,323

Program services were 92.0% 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

    $26,422

  • 1f · All other contributions, gifts and grants

    $4,129,556

  • 2a · Program service revenue: RENTAL INCOME

    total $2,653,512 · related or exempt $2,653,512

  • 3 · Investment income

    total $352,823 · excluded $352,823

  • 8a · Fundraising events: gross income

    $13,275

  • 8a · Fundraising events: contributions included on line 1c

    $26,422

  • 8b · Fundraising events: direct expenses

    $49,321

  • 8c · Net income from fundraising events

    total -$36,046 · excluded -$36,046

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $177,500 · program services $177,500

  • 2 · Grants to domestic individuals

    total $1,756,305 · program services $1,756,305

  • 11c · Fees: accounting

    total $19,897 · management and general $19,897

  • 11g · Fees: other

    total $534,526 · program services $507,386 · management and general $27,140

  • 12 · Advertising and promotion

    total $24,161 · management and general $24,161

  • 13 · Office expenses

    total $38,698 · program services $833 · management and general $37,865

  • 14 · Information technology

    total $15,177 · fundraising $15,177

  • 16 · Occupancy

    total $1,763,705 · program services $1,516,657 · management and general $247,048

  • 24a · Other expenses: ALLOCATION OF OVERHEAD

    total $895,756 · program services $806,180 · management and general $89,576

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $199,394 · program services $199,394

  • 24c · Other expenses: SUMMER PROGRAMS

    total $174,868 · program services $174,868

  • 24d · Other expenses: ALUMNI SUPPORT

    total $87,983 · program services $87,983

  • 24e · All other expenses

    total $87,018 · program services $86,217 · fundraising $801

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $144,641 · end of year $881,094

  • 2 · Savings and temporary cash investments

    beginning of year $11,327,587 · end of year $11,052,841

  • 11 · Investments: publicly traded securities

    beginning of year $3,396,974 · end of year $3,970,936

  • 15 · Other assets

    beginning of year $10,866,358 · end of year $9,590,223

  • 17 · Accounts payable and accrued expenses

    beginning of year $264,791 · end of year $172,618

  • 25 · Other liabilities

    beginning of year $12,041,642 · end of year $9,968,108

  • 27 · Net assets without donor restrictions

    beginning of year $7,217,687 · end of year $7,944,696

  • 28 · Net assets with donor restrictions

    beginning of year $6,211,440 · end of year $7,409,672

Mission and programs · 2023

Mission

CONEY ISLAND PREP BUILDERS, INC. IS A NON-PROFIT ORGANIZATION FOUNDED TO RAISE FUNDS AND SUPPORT CONEY ISLAND PREPARATORY PUBLIC CHARTER SCHOOL IN ITS EFFORT TO POSITIVELY IMPACT THE CONEY ISLAND COMMUNITY.

Activities or mission (Part I)

TO SUPPORT CONEY ISLAND PREPARATORY PUBLIC CHARTER SCHOOL.

  • RAISING FUNDS AND SUPPORTING THE OPERATIONS OF CONEY ISLAND PREPARATORY PUBLIC CHARTER SCHOOL.

    Expenses $3,557,018 · Grants $177,500 · Revenue $2,653,512

  • SCHOOL LEADERS RECOMMEND CONEY ISLAND PREP FAMILIES IN NEED WHO WERE AFFECTED BY COVID-19 TO RECEIVE EMERGENCY GRANTS.

    Expenses $1,756,305 · Grants $1,756,305

As filed on the 2023 return.

Listed in Part VII

  • Jacob Mnookin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Lansing Davis

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Leslie-Bernard Joseph

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Christapher Benson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Cary McClelland

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202531359349318083

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