Form 990 for tax year 2022
Filed by DEMOCRACY PREP NEW YORK CHARTER SCHOOLS.
Totals
- Total revenue
- $105,649,826
- Total expenses
- $105,030,809
- Contributions and grants received
- $23,989,152
- Grants paid
- $0
- Program service revenue
- $81,063,063
- Investment income
- $593,929
- Other revenue
- $3,682
- Total assets, end of year
- $204,509,273
- Total liabilities, end of year
- $145,833,720
- Net assets or fund balances, end of year
- $58,675,553
- Program services expenses (Part IX)
- $92,974,051
- Management and general expenses
- $11,391,391
- Fundraising expenses
- $665,367
- Program service expenses (Part III)
- $92,974,051
Program services were 88.5% 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)
$23,152,923
-
1f · All other contributions, gifts and grants
$836,229
-
1g · Noncash contributions included above
$240,262
-
2a · Program service revenue: GOV'T PER-PUPIL REVENUE
total $80,046,797 · related or exempt $80,046,797
-
2b · Program service revenue: PROGRAM RELATED RENTAL
total $602,372 · related or exempt $602,372
-
2c · Program service revenue: UNIVERSAL SETTLEMENT
total $413,894 · related or exempt $413,894
-
3 · Investment income
total $593,929 · excluded $593,929
-
11a · Other revenue: OTHER INCOME
total $3,682 · excluded $3,682
-
11e · Other revenue, total
$3,682
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $371,475 · management and general $371,475
-
7 · Other salaries and wages
total $48,669,529 · program services $43,678,543 · management and general $4,990,986
-
8 · Pension plan contributions
total $1,048,754 · program services $937,539 · management and general $111,215
-
9 · Other employee benefits
total $4,015,188 · program services $3,593,091 · management and general $422,097
-
10 · Payroll taxes
total $3,862,233 · program services $3,455,050 · management and general $407,183
-
11a · Fees: management
total $13,288,755 · program services $10,365,228 · management and general $2,259,088 · fundraising $664,439
-
11b · Fees: legal
total $64,836 · management and general $64,836
-
11c · Fees: accounting
total $162,476 · management and general $162,476
-
11g · Fees: other
total $776,749 · program services $577,741 · management and general $199,008
-
12 · Advertising and promotion
total $80,668 · program services $79,477 · management and general $1,191
-
13 · Office expenses
total $1,224,550 · program services $925,763 · management and general $298,787
-
14 · Information technology
total $2,294,130 · program services $2,084,848 · management and general $209,282
-
16 · Occupancy
total $12,665,869 · program services $11,939,054 · management and general $726,815
-
17 · Travel
total $16,064 · program services $9,115 · management and general $6,949
-
19 · Conferences, conventions and meetings
total $1,383 · program services $785 · management and general $598
-
20 · Interest
total $87,273 · program services $70,809 · management and general $16,464
-
22 · Depreciation, depletion and amortization
total $3,798,194 · program services $3,396,418 · management and general $401,776
-
23 · Insurance
total $637,268 · program services $637,268
-
24a · Other expenses: REPAIRS & MAINTENANCE
total $4,986,292 · program services $4,461,906 · management and general $524,386
-
24b · Other expenses: STUDENT SERVICES
total $3,767,741 · program services $3,767,741
-
24c · Other expenses: INSTRUCTIONAL MATERIALS
total $2,362,259 · program services $2,362,259
-
24d · Other expenses: FOOD SERVICES
total $320,234 · program services $181,710 · management and general $138,524
-
24e · All other expenses
total $528,889 · program services $449,706 · management and general $78,255 · fundraising $928
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $15,946,959 · end of year $11,743,451
-
2 · Savings and temporary cash investments
beginning of year $28,603,887 · end of year $28,379,472
-
3 · Pledges and grants receivable
beginning of year $6,578,672 · end of year $8,557,709
-
9 · Prepaid expenses and deferred charges
beginning of year $2,203,312 · end of year $1,903,881
-
10a · Land, buildings and equipment: cost or other basis
$44,396,843
-
10b · Land, buildings and equipment: accumulated depreciation
$24,535,173
-
10c · Land, buildings and equipment, net
beginning of year $17,749,632 · end of year $19,861,670
-
15 · Other assets
beginning of year $4,562,520 · end of year $134,063,090
-
17 · Accounts payable and accrued expenses
beginning of year $9,447,026 · end of year $6,383,332
-
19 · Deferred revenue
beginning of year $4,402,954 · end of year $2,835,316
-
25 · Other liabilities
beginning of year $3,738,466 · end of year $136,615,072
-
27 · Net assets without donor restrictions
beginning of year $48,256,366 · end of year $49,361,386
-
28 · Net assets with donor restrictions
beginning of year $9,800,170 · end of year $9,314,167
Mission and programs · 2022
Mission
TO EDUCATE RESPONSIBLE CITIZEN-SCHOLARS FOR SUCCESS IN THE COLLEGE OF THEIR CHOICE AND A LIFE OF ACTIVE CITIZENSHIP.
Activities or mission (Part I)
TO EDUCATE SCHOLARS FOR SUCCESS IN THE COLLEGE OF THEIR CHOICE AND A LIFE OF ACTIVE CITIZENSHIP.
-
THE SCHOOL IS DEDICATED TO PROVIDING A HIGH QUALITY COLLEGE PREPARATORY EDUCATION TO PRIMARILY DISADVANTAGED STUDENTS. THE SCHOOL PROVIDED EDUCATION TO APPROXIMATELY 3,750 STUDENTS IN GRADES KINDERGARTEN THROUGH TWELFTH DURING THE 2022-2023 ACADEMIC YEAR.
Expenses $92,974,051 · Revenue $81,063,063
As filed on the 2022 return.
Listed in Part VII
-
Dr Robert NorthDR ROBERT NORTH
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 10 + 1 related
-
Brian BergerBRIAN BERGER
VICE CHAI & TREASURER
- Total calculated
- $0
- Hours/week
- 5 + 10 related
-
Roger BergROGER BERG
SECRETARY
- Total calculated
- $0
- Hours/week
- 5 + 5 related
-
Brittany BuffaloeBRITTANY BUFFALOE
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Khary BarnesKHARY BARNES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Jake Foley IIIJAKE FOLEY III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Ross FrommerROSS FROMMER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Fardida IlboudoFARDIDA ILBOUDO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Joshua PristawJOSHUA PRISTAW
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5 + 1 related
-
Drew Gannon SinghDREW GANNON SINGH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Douglas SnyderDOUGLAS SNYDER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5 + 5 related
-
Ken WeillerKEN WEILLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Gregory WestonGREGORY WESTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5 + 1 related
-
Sean WindsorSEAN WINDSOR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Alastair WoodALASTAIR WOOD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Natasha TriversNATASHA TRIVERS
CEO (OUTSOURCED)
- Total calculated
- $0
- Hours/week
- 5 + 1 related
-
Valerie MartinezVALERIE MARTINEZ
CFO (OUTSOURCED)
- Total calculated
- $0
- Hours/week
- 5 + 1 related
-
Andre GeddesANDRE GEDDES
PRINCIPAL
- Total calculated
- $183,256
- From this org
- $178,482
- From related orgs
- $0
- Other
- $4,774
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $178,422
- Bonus
- $0
- Other
- $60
- Deferred
- $4,430
- Nontaxable benefits
- $344
- Filer's total
- $183,256
-
Gregory DanielGREGORY DANIEL
PRINCIPAL
- Total calculated
- $167,069
- From this org
- $165,751
- From related orgs
- $0
- Other
- $1,318
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $165,697
- Bonus
- $0
- Other
- $54
- Deferred
- $0
- Nontaxable benefits
- $1,318
- Filer's total
- $167,069
-
Josef RobinsonJOSEF ROBINSON
PRINCIPAL
- Total calculated
- $158,620
- From this org
- $148,335
- From related orgs
- $0
- Other
- $10,285
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $148,275
- Bonus
- $0
- Other
- $60
- Deferred
- $9,944
- Nontaxable benefits
- $341
- Filer's total
- $158,620
-
Bryan StroudBRYAN STROUD
PRINCIPAL
- Total calculated
- $153,507
- From this org
- $141,695
- From related orgs
- $0
- Other
- $11,812
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $141,647
- Bonus
- $0
- Other
- $48
- Deferred
- $3,899
- Nontaxable benefits
- $7,913
- Filer's total
- $153,507
-
Cassius GilCASSIUS GIL
PRINCIPAL
- Total calculated
- $156,305
- From this org
- $142,132
- From related orgs
- $0
- Other
- $14,173
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $141,994
- Bonus
- $0
- Other
- $138
- Deferred
- $12,000
- Nontaxable benefits
- $2,173
- Filer's total
- $156,305
-
Chelsey PalmerCHELSEY PALMER
PRINCIPAL
- Total calculated
- $155,135
- From this org
- $140,685
- From related orgs
- $0
- Other
- $14,450
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $140,632
- Bonus
- $0
- Other
- $53
- Deferred
- $6,445
- Nontaxable benefits
- $8,005
- Filer's total
- $155,135
-
Kaitlyn DerryKAITLYN DERRY
PRINCIPAL
- Total calculated
- $157,812
- From this org
- $139,871
- From related orgs
- $0
- Other
- $17,941
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $139,823
- Bonus
- $0
- Other
- $48
- Deferred
- $7,800
- Nontaxable benefits
- $10,141
- Filer's total
- $157,812
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
None.
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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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.
-
501(C)(3) · TO SUPPORT DEMOCRACY PREP NEW YORK CHARTER SCHOOLS · NY · controlled entity
Directly controlled by DEMOCRACY PREP NEW YORK CHARTER SCHOOLS
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431379349300713
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