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← PUBLIC PREP CHARTER SCHOOL ACADEMIES

Form 990 for tax year 2024

Filed by PUBLIC PREP CHARTER SCHOOL ACADEMIES.

Totals

Total revenue
$43,216,135
Total expenses
$53,681,147
Contributions and grants received
$11,322,688
Grants paid
$0
Program service revenue
$31,477,954
Investment income
$415,493
Other revenue
$0
Total assets, end of year
$232,098,286
Total liabilities, end of year
$216,996,304
Net assets or fund balances, end of year
$15,101,982
Program services expenses (Part IX)
$47,816,867
Management and general expenses
$5,864,280
Fundraising expenses
$0
Program service expenses (Part III)
$47,816,867

Program services were 89.1% 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)

    $9,780,262

  • 1f · All other contributions, gifts and grants

    $1,542,426

  • 1g · Noncash contributions included above

    $98,393

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

    total $30,708,815 · related or exempt $30,708,815

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

    total $575,086 · related or exempt $575,086

  • 2c · Program service revenue: AFTER SCHOOL

    total $106,483 · related or exempt $106,483

  • 2d · Program service revenue: OTHER INCOME

    total $87,570 · related or exempt $87,570

  • 3 · Investment income

    total $415,493 · excluded $415,493

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $389,745 · program services $311,797 · management and general $77,948

  • 7 · Other salaries and wages

    total $18,561,796 · program services $17,505,176 · management and general $1,056,620

  • 8 · Pension plan contributions

    total $356,877 · program services $337,419 · management and general $19,458

  • 9 · Other employee benefits

    total $1,473,426 · program services $1,397,341 · management and general $76,085

  • 10 · Payroll taxes

    total $1,645,443 · program services $1,551,653 · management and general $93,790

  • 11a · Fees: management

    total $5,951,965 · program services $4,761,573 · management and general $1,190,392

  • 11b · Fees: legal

    total $86,840 · management and general $86,840

  • 11c · Fees: accounting

    total $69,317 · management and general $69,317

  • 11g · Fees: other

    total $1,847,912 · program services $1,650,125 · management and general $197,787

  • 12 · Advertising and promotion

    total $400,003 · program services $375,803 · management and general $24,200

  • 13 · Office expenses

    total $111,370 · program services $105,336 · management and general $6,034

  • 14 · Information technology

    total $434,419 · program services $415,023 · management and general $19,396

  • 16 · Occupancy

    total $14,773,971 · program services $14,675,023 · management and general $98,948

  • 22 · Depreciation, depletion and amortization

    total $1,347,485 · program services $1,267,881 · management and general $79,604

  • 23 · Insurance

    total $351,395 · program services $332,381 · management and general $19,014

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $2,532,496 · management and general $2,532,496

  • 24b · Other expenses: SUPPLIES AND MATERIALS

    total $1,054,787 · program services $1,051,353 · management and general $3,434

  • 24c · Other expenses: STUDENT SERVICES

    total $766,651 · program services $757,499 · management and general $9,152

  • 24d · Other expenses: STAFF DEVELOPMENT

    total $607,016 · program services $573,039 · management and general $33,977

  • 24e · All other expenses

    total $918,233 · program services $748,445 · management and general $169,788

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,842,314 · end of year $2,952,443

  • 2 · Savings and temporary cash investments

    beginning of year $7,732,902 · end of year $8,136,741

  • 4 · Accounts receivable

    beginning of year $7,798,899 · end of year $2,229,120

  • 9 · Prepaid expenses and deferred charges

    beginning of year $606,343 · end of year $92,570

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

    $9,929,312

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

    $6,631,622

  • 10c · Land, buildings and equipment, net

    beginning of year $2,814,501 · end of year $3,297,690

  • 15 · Other assets

    beginning of year $97,619,058 · end of year $215,389,722

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,734,726 · end of year $2,946,841

  • 25 · Other liabilities

    beginning of year $88,112,297 · end of year $214,049,463

  • 27 · Net assets without donor restrictions

    beginning of year $25,235,021 · end of year $14,919,995

  • 28 · Net assets with donor restrictions

    beginning of year $331,973 · end of year $181,987

Mission and programs · 2024

Mission

OUR MISSION IS SIMPLE: WE AIM TO GUIDE CHILDREN TO REALIZE THEIR INHERENT GREATNESS. FROM A VERY YOUNG AGE, WE REINFORCE TO OUR SCHOLARS THAT THEY ARE AGENTS OF CHANGE. WE GUIDE SCHOLARS TO EMBODY THE VALUES OF SCHOLARSHIP, EXCELLENCE, COMMUNITY, AND INTEGRITY AS THEY DEVELOP THEIR ABILITIES TO READ, WRITE, LISTEN, SPEAK, CREATE, AND THINK CRITICALLY ACROSS DISCIPLINES. WITH A PARTICULAR FOCUS ON SCIENCE, THE ARTS, AND MATH, WE PREPARE THEM TO NAVIGATE AND CONTRIBUTE MEANINGFULLY TO AN INCREASINGLY COMPLEX WORLD.

  • EXPENDITURES TOWARDS IMPLEMENTATION AND OPERATION OF 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 $46,301,882 · Revenue $30,275,919

  • EXPENDITURES TOWARDS IMPLEMENTATION AND OPERATION OF 2 PRE-K PROGRAMS IN NEW YORK.

    Expenses $1,514,985 · Revenue $1,202,035

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • LAURA WEIL

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • NICOLE KAIL GREENE

    VICE SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • R BOYKIN CURRY

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • TAMARA ZACHERY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KHAIRAH KLEIN

    TRUSTEE (RESIGNED DURING YEAR)

    Total calculated
    $0
    Hours/week
    1

  • SAMUEL GREENE

    TRUSTEE (RESIGNED DURING YEAR)

    Total calculated
    $0
    Hours/week
    1

  • KRISTINE RIVERIA

    TRUSTEE (JOINED DURING YEAR)

    Total calculated
    $0
    Hours/week
    1

  • NOELANI GABRIEL-HOLT

    GPBX - II PRINCIPAL

    Total calculated
    $184,000
    From this org
    $174,796
    From related orgs
    $0
    Other
    $9,204
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,418
    Bonus
    $15,378
    Other
    $0
    Deferred
    $7,971
    Nontaxable benefits
    $1,233
    Filer's total
    $184,000

  • STEVE PAUL

    BP ES PRINCIPAL

    Total calculated
    $203,617
    From this org
    $169,534
    From related orgs
    $0
    Other
    $34,083
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,410
    Bonus
    $13,124
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $34,083
    Filer's total
    $203,617

  • JANA KATZ

    DIRECTOR OF STUDENT SUPPORTS

    Total calculated
    $145,599
    From this org
    $128,501
    From related orgs
    $0
    Other
    $17,098
    Hours/week
    40

  • JIM JACK

    DIRECTOR OF ARTS AND PARTNERSHIPS

    Total calculated
    $134,366
    From this org
    $126,957
    From related orgs
    $0
    Other
    $7,409
    Hours/week
    40

  • VANESSA TINEO-FERREIRA

    DIRECTOR OF SFA

    Total calculated
    $132,840
    From this org
    $122,167
    From related orgs
    $0
    Other
    $10,673
    Hours/week
    40

  • PATRICIA PARK

    ACADEMIC DIRECTOR

    Total calculated
    $133,417
    From this org
    $121,584
    From related orgs
    $0
    Other
    $11,833
    Hours/week
    40

  • CHRISTINA PINKS

    SENIOR DIRECTOR OF OPERATIONS

    Total calculated
    $133,663
    From this org
    $117,052
    From related orgs
    $0
    Other
    $16,611
    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

  • 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
YEAR-END BONUSES ARE REVIEWED AND APPROVED BY THE BOARD.

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
2024
Filed
18 March 2026
IRS schema version
2024v5.5
Source object
202620969349301472

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