2025-05-02T12:05:02-05:00 2024-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2023-07-01 731684599 FRIENDS OF PUBLIC PREP ACADEMIES INC FRIE 2123466000 192 EAST 151 STREET 1ST FLOOR BRONX NY 10451 MARK DIKER CHAIR 2123466000 2025-04-24 1 1 JACQUELINE B LEE CPA P00842765 5854231860 2025-04-24 2023 2025-03-06 01:10:19Z MARK DIKER 192 EAST 151 STREET 1ST FLOOR BRONX NY 10451 6649884 0 X WWW.PUBLICPREP.ORG X 2004 NY FRIENDS OF PUBLIC PREP ACADEMIES INC (FORMERLY KNOWN AS FRIENDS OF GIRLS PREP) WAS ORGANIZED TO CREATE GIRLS PREP CHARTER SCHOOL OF NY (NOW KNOWN AS PUBLIC PREP CHARTER SCHOOL ACADEMIES), SUPPORT THE SCHOOL AND ITS STUDENTS, AND MAKE CONTRIBUTIONS TO THE SCHOOL, WITH THE GOAL OF PROMOTING EDUCATIONAL ACHIEVEMENT. 3 3 0 4 0 0 0 0 0 0 0 0 1319419 1159954 1319419 1159954 0 0 0 0 0 322 0 0 0 158036 250978 158036 251300 1161383 908654 73830918 75267342 73986003 74513773 -155085 753569 X FRIENDS OF PUBLIC PREP ACADEMIES INC (FORMERLY KNOWN AS FRIENDS OF GIRLS PREP) WAS ORGANIZED TO CREATE GIRLS PREP CHARTER SCHOOL OF NY (NOW KNOWN AS PUBLIC PREP CHARTER SCHOOL ACADEMIES), SUPPORT THE SCHOOL AND ITS STUDENTS, AND MAKE CONTRIBUTIONS TO THE SCHOOL, WITH THE GOAL OF PROMOTING EDUCATIONAL ACHIEVEMENT. 0 0 148367 1159954 FRIENDS OF PUBLIC PREP ACADEMIES INC'S PURPOSE IS TO SUPPORT PUBLIC PREP CHARTER SCHOOL ACADEMIES, ITS AFFILIATE. PUBLIC PREP CHARTER SCHOOL ACADEMIES (PPA) IS A PUBLIC CHARTER SCHOOL EDUCATION CORP. FRIENDS OF PUBLIC PREP ACADEMIES ASSISTS PPA IN OBTAINING ADEQUATE FACILITIES IN WHICH TO OPERATE ITS SCHOOLS. 148367 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 11 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X X MUHAMMAD KHAN 2123466000 192 EAST 151 STREET 1ST FLOOR BRONX NY 10451 LAURA WEIL SECRETARY 1.00 1.00 X X 0 0 0 PHIL BRANDES DIRECTOR THRU SEPT 2023 1.00 X 0 0 0 MARK DIKER CHAIR 1.00 X X 0 0 0 MARGERY MAYER DIRECTOR 1.00 X 0 0 0 JANELLE BRADSHAW CEO, PPN 1.00 41.00 X 0 475134 44154 0 475134 44154 0 0 1 0 192 EAST 151ST ASSOCIATES LP C/O NEUMONT MGMT CORP 2050 CENTER FORT LEE NJ 07024 RENT 2266876 203 STREET NORTH 450 WEST 14TH STREET 8TH FLOOR NEW YORK NY 10014 GENERAL CONTRACTING FACILITY 1116618 RJ MICHAEL & CO INC 333 DODD STREET EAST ORGANGE NJ 07017 GENERAL CONTRACTING FACILITY 849015 SHONA MECHANICAL 420 PECONIC STREET RONKONKOMA NY 11779 HVAC CONTRACTOR 433548 PROCLEAN MAINTENANCE SYSTEMS INC TOTAL 79 ALEXANDER AVENUE B10 BRONX NY 10454 CUSTODIAL SERVICES 210882 6 6649884 5489930 1159954 1159954 1159954 1159954 1159954 0 0 322 322 119036 119036 63885 63885 12320 12320 12828 12828 EQUIPMENT / FURNISHINGS 20877 20877 OTHER 13900 13900 STUDENT SERVICES 8132 8132 251300 148367 102933 0 4476941 2023802 67370 2592127 950280 950280 293823 224740 17308430 2610771 10667846 14697659 57374658 54778734 73830918 75267342 259265 853044 6260760 6130743 67465978 67529986 73986003 74513773 X -155085 753569 -155085 753569 73830918 75267342 908654 0 X X 0 1 X 1 0 X X 1 PUBLIC PREP CHARTER SCHOOL ACADEMIES 810650329 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 17165903 2543398 14622505 106542 54911 51631 35985 12462 23523 14697659 SECURITY DEPOSITS 440066 RIGHT-OF-USE ASSETS - OPERATING 54338668 54778734 DUE TO RELATED PARTY 9504983 LEASE LIABILITIES - OPERATING 58025003 67529986 X 6649884 5489930 5489930 1159954 0 1159954 5741230 5489930 5489930 251300 0 251300 PART X, LINE 2: THE ORGANIZATION IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE REGULATIONS AND, ACCORDINGLY, IS EXEMPT FROM FEDERAL AND STATE TAXES ON INCOME. PUBLIC PREP ACADEMIES AND FRIENDS FILE FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. IN ADDITION, FRIENDS FILES IN NEW YORK. THE ORGANIZATION'S CURRENT AND PRIOR THREE YEARS TAX RETURNS REMAIN SUBJECT TO REVIEW BY TAXING AUTHORITIES. MANAGEMENT OF THE ORGANIZATION BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES RECORDED ON PART VIII 5,489,930. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT RENTAL EXPENSES RECORDED ON PART VIII 5,489,930. 0 0 0 0 0 0 0 0 0 JANELLE BRADSHAW CEO, PPN 0 345134 0 130000 0 0 0 14250 0 29904 0 519288 0 0 PART II: THE CEO COMPENSATION AND BONUS WAS DETERMINED AND APPROVED BY THE BOARD OF TRUSTEES BASED ON PERFORMANCE, ALL OTHER BONUSES ARE DETERMINED BY THE CEO. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATES CERTAIN MANAGEMENT RESPONSIBILTIES TO PUBLIC PREPARATORY NETWORK, INC., A 501(C)(3) TAX-EXEMPT ORGANIZATION. PPN IS AN UNRELATED ORGANIZATION AS THERE IS NOT A MAJORITY OF COMMON BOARD MEMBERS OR OFFICERS. THE ORGANIZATION DOES NOT PAY JANELLE BRADSHAW FOR HER SERVICES AS AN OFFICER OF THE ORGANIZATION. THE AMOUNTS LISTED ON PART VII, SECTION A REPRESENT AMOUNTS PAID BY PUBLIC PREPARATORY NETWORK, INC. TO JANELLE BRADSHAW FOR SERVICES PERFORMED AS AN EMPLOYEE OF PUBLIC PREPARATORY NETWORK, INC. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CEO IN DETAIL. IT IS THEN REVIEWED BY THE BOARD OF DIRECTORS, APPROVED AND FILED. FORM 990, PART VI, SECTION B, LINE 12C ALL NEW MEMBERS ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY. BOARD MEMBERS ARE BOUND BY FIDUCIARY DUTY TO DISCLOSE ANY CONFLICTS. ANNUALLY A RESOLUTION IS ADOPTED REAFFIRMING A COMMITMENT TO THE POLICY. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE LOCATED AT THE ORGANIZATION AND ARE AVAILABLE UPON REQUEST DURING NORMAL BUSINESS HOURS. FORM 990, PART XII, LINE 2C EXPLANATION THE BOARD HAS NOT CHANGED ITS PROCESS FOR SELECTING THE INDEPENDENT AUDITOR NOR HAVE THEY CHANGED THE OVERSIGHT OF THE AUDIT FROM PRIOR YEARS. FORM 990, PART IX, LINE 11A EXPLANATION EMPLOYEES OF PPA SPEND PART OF THEIR TIME DOING WORK FOR FOPPA. THE EMPLOYEES RECEIVE THEIR W2S FROM PPA AND FOPPA REIMBURSES PPA FOR THEIR TIME WORKING ON FOPPA. GIRLS PREP BRONX II LLC 192 EAST 151ST STREET FLOOR 5 BRONX NY 10451 REAL ESTATE HOLDING COMPANY NY 0 0 FRIENDS OF PUBLIC PREP ACADEMIES INC PUBLIC PREP CHARTER SCHOOL ACADEMIES 192 EAST 151ST STREET BRONX NY 10451 810650329 CHARTER SCHOOL NY 501(C)(3) LINE 2 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 PUBLIC PREPARATORY CHARTER SCHOOL ACADEMIES J 6646967 FMV PUBLIC PREPARATORY CHARTER SCHOOL ACADEMIES E 9476269 FMV