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Nonprofiteer
← CONEY ISLAND PREP BUILDERS INC

Form 990 for tax year 2022

Filed by CONEY ISLAND PREP BUILDERS INC.

Totals

Total revenue
$11,068,774
Total expenses
$5,214,041
Contributions and grants received
$8,642,713
Grants paid
$486,089
Program service revenue
$2,267,138
Investment income
$203,623
Other revenue
-$44,700
Total assets, end of year
$25,735,560
Total liabilities, end of year
$12,306,433
Net assets or fund balances, end of year
$13,429,127
Program services expenses (Part IX)
$4,734,688
Management and general expenses
$448,363
Fundraising expenses
$30,990
Program service expenses (Part III)
$4,734,688

Program services were 90.8% 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.

  • 1c · Fundraising events

    $32,839

  • 1f · All other contributions, gifts and grants

    $8,609,874

  • 2a · Program service revenue: RENTAL INCOME

    total $2,267,138 · related or exempt $2,267,138

  • 3 · Investment income

    total $203,623 · excluded $203,623

  • 8a · Fundraising events: gross income

    $0

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

    $32,839

  • 8b · Fundraising events: direct expenses

    $44,700

  • 8c · Net income from fundraising events

    total -$44,700 · excluded -$44,700

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $470,000 · program services $470,000

  • 2 · Grants to domestic individuals

    total $16,089 · program services $16,089

  • 11c · Fees: accounting

    total $18,392 · management and general $18,392

  • 11g · Fees: other

    total $119,139 · management and general $119,139

  • 12 · Advertising and promotion

    total $16,142 · program services $77 · management and general $16,065

  • 13 · Office expenses

    total $2,088 · management and general $2,088

  • 14 · Information technology

    total $652 · management and general $652

  • 16 · Occupancy

    total $2,073,662 · program services $1,866,296 · management and general $207,366

  • 24a · Other expenses: ALUMNI SUPPORT

    total $1,406,250 · program services $1,406,250

  • 24b · Other expenses: ALLOCATION OF OVERHEAD

    total $844,589 · program services $760,130 · management and general $84,459

  • 24c · Other expenses: SUMMER PROGRAMS

    total $152,305 · program services $152,305

  • 24d · Other expenses: TEAM BUILDING AND STAFF

    total $63,541 · program services $63,541

  • 24e · All other expenses

    total $31,192 · management and general $202 · fundraising $30,990

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $66,869 · end of year $144,641

  • 2 · Savings and temporary cash investments

    beginning of year $4,379,053 · end of year $11,327,587

  • 11 · Investments: publicly traded securities

    beginning of year $3,029,278 · end of year $3,396,974

  • 15 · Other assets

    beginning of year $0 · end of year $10,866,358

  • 17 · Accounts payable and accrued expenses

    beginning of year $129,844 · end of year $264,791

  • 25 · Other liabilities

    beginning of year $138,658 · end of year $12,041,642

  • 27 · Net assets without donor restrictions

    beginning of year $3,138,401 · end of year $7,217,687

  • 28 · Net assets with donor restrictions

    beginning of year $4,068,297 · end of year $6,211,440

Mission and programs · 2022

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 $4,718,599 · Grants $470,000 · Revenue $2,267,138

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

    Expenses $16,089 · Grants $16,089

As filed on the 2022 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
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202441369349318739

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