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Nonprofiteer
← DESTINE PREPARATORY CHARTER SCHOOL

Form 990 for tax year 2023

Filed by DESTINE PREPARATORY CHARTER SCHOOL.

Totals

Total revenue
$3,073,910
Total expenses
$2,757,903
Contributions and grants received
$930,124
Grants paid
$0
Program service revenue
$2,098,707
Investment income
$76
Other revenue
$45,003
Total assets, end of year
$2,238,147
Total liabilities, end of year
$1,680,296
Net assets or fund balances, end of year
$557,851
Program services expenses (Part IX)
$2,378,273
Management and general expenses
$379,630
Fundraising expenses
$0
Program service expenses (Part III)
$2,378,273

Program services were 86.2% 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)

    $903,624

  • 1f · All other contributions, gifts and grants

    $26,500

  • 2a · Program service revenue: RESIDENT STUDENT ENROLLMENT

    total $2,042,489 · related or exempt $2,042,489

  • 2b · Program service revenue: SPED

    total $56,218 · related or exempt $56,218

  • 3 · Investment income

    total $76 · excluded $76

  • 11a · Other revenue: REFUND OF PY EXPENSE

    total $42,869 · related or exempt $42,869

  • 11b · Other revenue: FUNDRAISING

    total $2,134 · related or exempt $2,134

  • 11e · Other revenue, total

    $45,003

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $121,173 · program services $24,235 · management and general $96,938

  • 7 · Other salaries and wages

    total $984,688 · program services $909,514 · management and general $75,174

  • 8 · Pension plan contributions

    total $31,605 · program services $25,781 · management and general $5,824

  • 9 · Other employee benefits

    total $99,965 · program services $81,524 · management and general $18,441

  • 10 · Payroll taxes

    total $70,658 · program services $57,657 · management and general $13,001

  • 11b · Fees: legal

    total $13,687 · program services $11,165 · management and general $2,522

  • 11c · Fees: accounting

    total $19,500 · program services $15,907 · management and general $3,593

  • 11g · Fees: other

    total $230,415 · program services $187,954 · management and general $42,461

  • 12 · Advertising and promotion

    total $30,966 · program services $25,260 · management and general $5,706

  • 13 · Office expenses

    total $45,922 · program services $40,409 · management and general $5,513

  • 14 · Information technology

    total $107,625 · program services $87,792 · management and general $19,833

  • 16 · Occupancy

    total $539,882 · program services $475,065 · management and general $64,817

  • 20 · Interest

    total $28,159 · program services $22,970 · management and general $5,189

  • 22 · Depreciation, depletion and amortization

    total $100,795 · program services $82,221 · management and general $18,574

  • 23 · Insurance

    total $17,031 · program services $14,987 · management and general $2,044

  • 24a · Other expenses: FOOD SERVICES

    total $177,113 · program services $177,113

  • 24b · Other expenses: SUPPLIES & MATERIALS

    total $107,773 · program services $107,773

  • 24c · Other expenses: STAFF DEVELOPMENT

    total $15,507 · program services $15,507

  • 24d · Other expenses: STUDENT SERVICES

    total $15,439 · program services $15,439

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $68,620 · end of year $190,778

  • 2 · Savings and temporary cash investments

    end of year $5,000

  • 3 · Pledges and grants receivable

    beginning of year $516,165 · end of year $109,829

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,710 · end of year $27,816

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

    $778,074

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

    $148,971

  • 10c · Land, buildings and equipment, net

    beginning of year $182,736 · end of year $629,103

  • 15 · Other assets

    beginning of year $1,567,820 · end of year $1,275,621

  • 17 · Accounts payable and accrued expenses

    beginning of year $86,354 · end of year $351,449

  • 19 · Deferred revenue

    beginning of year $67,293 · end of year $43,405

  • 23 · Secured mortgages and notes payable

    beginning of year $500,674

  • 25 · Other liabilities

    beginning of year $1,823,820 · end of year $1,285,442

  • 27 · Net assets without donor restrictions

    beginning of year -$122,090 · end of year $557,851

Mission and programs · 2023

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.

  • 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 CREAM STIMULATING ENVIRONMENTS THAT INSPIRE LEARNING, EVOKE CURIOSITY, AND CHALLENGE EXPECTATIONS.

    Expenses $2,378,273 · Revenue $2,098,707

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Re'Shawn Rogers

    EXECUTIVE DI

    Total calculated
    $131,805
    From this org
    $121,173
    From related orgs
    $0
    Other
    $10,632
    Hours/week
    40

  • Raysheea Turner

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Mark Muscatiello

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Raul Castillo

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Aisha White

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Cherly Almonte Lare

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Chrisheena Hill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Nosa Lebarty

    BOARD MEMBER

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 January 2025
IRS schema version
2023v6.0
Source object
202500159349301635

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