2023-05-15T07:01:44-05:00 2022-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2021-07-01 264646416 PUBLIC PREPARATORY NETWORK INC PUBL 2123466000 442 E HOUSTON ST 5TH FLOOR NEW YORK NY 10002 JENNY ZAMBRANO CFO 2123466000 2023-05-11 1 JENNY ZAMBRANO 999009999 JACQUELINE B LEE CPA P00842765 5854231860 2023-05-15 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z X JANELLE BRADSHAW 442 E HOUSTON ST 5TH FLOOR NEW YORK NY 10002 7019913 0 X WWW.PUBLICPREP.ORG X 2008 NY PUBLIC PREP NETWORK IS A NONPROFIT ORGANIZATION THAT DEVELOPS SINGLE-SEX ELEMENTARY AND MIDDLE PUBLIC SCHOOLS THAT PURSUE EXCELLENCE THROUGH CONTINUOUS LEARNING AND DATA-DRIVEN INSTRUCTION. OUR MODEL IS DESIGNED TO EMPOWER EACH STUDENT TO BUILD STRONG CHARACTER, DEMONSTRATE CRITICAL THINKING, POSSESS A CORE BODY OF KNOWLEDGE AND BE ON A PREDICTIVE PATH TO EARN A DEGREE FROM A FOUR-YEAR UNIVERSITY 7 7 54 7 0 0 2012826 1286819 5862140 5597057 803 -12056 0 0 7875769 6871820 124750 80000 0 0 4558226 4560677 0 0 170037 1326377 2818705 6009353 7459382 1866416 -587562 2858866 1647311 1310550 686557 1548316 960754 THE ORGANIZATION'S PURPOSE IS TO MANAGE AND SUPPORT A NETWORK OF OPEN-ENROLLMENT FREE COLLEGE PREPARATORY CHARTER SCHOOLS COMMITTED TO HIGH ACADEMIC STANDARDS, MERIT, CITIZENSHIP AND RESPONSIBILITY IN NEW YORK CITY'S NEEDIEST NEIGHBORHOODS. 0 0 5589657 80000 5597057 CHARTER SCHOOL MARKETING/RECRUITMENT, FUNDRAISING AS WELL AS ACADEMIC, ADMINISTRATIVE AND FINANCIAL SUPPORT. 5589657 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 22 0 54 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X JENNY ZAMBRANO 2123466000 442 E HOUSTON ST 5TH FLOOR NEW YORK NY 10002 BRYAN LAWRENCE DIRECTOR 1.00 1.00 X 0 0 0 PAUL A VERMYLEN JR TREASURER 1.00 1.00 X X 0 0 0 PHILIP O BRANDES DIRECTOR 1.00 1.00 X 0 0 0 MARK DIKER CHAIR 1.00 1.00 X X 0 0 0 MARGERY MAYER DIRECTOR 1.00 X 0 0 0 NICOLE KAIL GREENE VICE CHAIR 1.00 1.00 X X 0 0 0 SARAH BRITTON DIRECTOR 1.00 X 0 0 0 JAMES T FARRIS MNG. DIR. OF FIN. (LEFT 3/22) 40.00 X 130568 0 24560 MICHELE CERWIN COO (LEFT 7/21) 40.00 X 159423 0 6784 ANDREW GROUP MNG DIR OF OPERATIONS (LEFT 7/21) 40.00 X 74838 0 15509 JANELLE BRADSHAW CEO 41.00 X 372994 0 29241 JEANNEMARIE HENDERSHOT CHIEF OPERATING OFFICER (JOIN 11/21) 40.00 X 27721 0 4611 GIUSEPPA L CARBONE SUPERINTENDENT 40.00 X 208554 0 18446 EMILEE CHRISTOPHER CHIEF TALENT OFFICER 40.00 X 171136 0 21999 EMILY ZAESKE DIR. OF STUDENT SUPPORT 40.00 X 141025 0 18665 RAFET ABDELJABBAR MANAGING DIRECTOR OF TALENT 40.00 X 120480 0 19065 MICHAEL FARKASH SOARES DIRECTOR OF HUMANITIES 40.00 X 132534 0 11799 CAITLIN OMEIS MANAGING DIRECTOR OF SFA 40.00 X 118471 0 24694 1657744 0 195373 9 0 1 0 4TH SECTOR SOLUTIONS INC 8550 UNITED PLAZA BLVD STE 601 BATON ROUGE LA 70809 FINANCIAL SERVICES 148510 TEACH FOR AMERICA PO BOX 411363 BOSTON MA 022411363 RECRUITMENT COST AND TUITION FEES 128500 2 1286819 1286819 MANAGEMENT FEES 611430 5591114 5591114 OTHER INCOME 900099 5943 5943 5597057 14 14 136023 148093 -12070 -12070 -12070 6871820 5597057 0 -12056 X 80000 80000 904535 705537 162817 36181 2946392 2447080 408528 90784 76920 64025 10551 2344 346068 286129 49041 10898 286762 235022 42333 9407 171286 171286 15350 15350 894758 133164 756264 5330 841959 841959 148048 120658 22579 4811 117783 110315 7071 397 24000 19670 3543 787 16797 13766 2480 551 42020 34439 6203 1378 38581 31620 5695 1266 STAFF DEVELOPMENT 341648 317288 19931 4429 SCHOOL SUPPORT 114221 114221 TELEPHONE & INTERNET 29687 24330 4383 974 COPIER LEASE 12732 10434 1880 418 9835 9753 82 7459382 5589657 1699688 170037 2077046 1450688 228288 0 400000 57500 250 250 105914 76606 307316 245049 47368 62267 2858866 1647311 554929 656383 755621 30174 1310550 686557 X 1102455 732197 445861 228557 1548316 960754 2858866 1647311 -587562 0 X X 0 1 X 1 0 X 1056204 1506040 1402085 2012826 1286819 7263974 1056204 1506040 1402085 2012826 1286819 7263974 2132377 5131597 463 935 57 10 14 1479 7265453 25153245 0.70630 0.74500 X SCHEDULE A, PART I, LINE 7 THE ORGANIZATION RECEIVED AN IRS DETERMINATION LETTER WITH A PUBLIC CHARITY STATUS OF 509(A)(2). THE ORGANIZATION FAILED THE PART III TEST AND THEREFORE COMPLETED PART II TEST AND SELECTED BOX 7 ON SCHEDULE A, PART I. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 249347 187080 62267 57969 57969 0 62267 RELATED PARTY PAYABLES 30174 30174 X 7146438 274618 274618 6871820 0 6871820 7734000 274618 274618 7459382 0 7459382 PART X, LINE 2: THE ORGANIZATION IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. THE ORGANIZATION FILES FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN NEW YORK STATE. WITH FEW EXCEPTIONS, AS OF JUNE 30, 2022, THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDED PRIOR TO JUNE 30, 2019. THE TAX RETURNS FOR YEARS ENDED JUNE 30, 2019 THROUGH JUNE 30, 2022 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS AND TAXING AUTHORITIES IN NEW YORK STATE. MANAGEMENT OF THE ORGANIZATION BELIEVES THEY HAVE NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, THEY HAVE NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. 1 PUBLIC PREP CHARTER SCHOOL ACADEMIES 192 E 151ST ST BRONX NY 10451 810650329 501(C)3 80000 0 CHARTER SCHOOL SUPPORT 1 0 PART I, LINE 2: PUBLIC PREPARATORY NETWORK INC. (PPN) PERFORMS CERTAIN MANAGEMENT RESPONSIBILITIES FOR PUBLIC PREP CHARTER SCHOOL ACADEMIES (PPA), A 501(C)(3) CHARTER SCHOOL. PPN IS INVOLVED IN THE DAILY OPERATIONS OF PPA AND THEREFORE MONITORS PPA'S RECORDS AND PROCEDURES. 1 X 0 0 0 0 0 0 0 0 0 JANELLE BRADSHAW CEO 297994 0 75000 0 0 0 10795 0 18446 0 402235 0 0 0 GIUSEPPA L CARBONE SUPERINTENDENT 208554 0 0 0 0 0 0 0 18446 0 227000 0 0 0 EMILEE CHRISTOPHER CHIEF TALENT OFFICER 168136 0 3000 0 0 0 9111 0 12888 0 193135 0 0 0 MICHELE CERWIN COO (LEFT 7/21) 139423 0 20000 0 0 0 6784 0 0 0 166207 0 0 0 EMILY ZAESKE DIR. OF STUDENT SUPPORT 138025 0 3000 0 0 0 5777 0 12888 0 159690 0 0 0 JAMES T FARRIS MNG. DIR. OF FIN. (LEFT 3/22) 127568 0 3000 0 0 0 6114 0 18446 0 155128 0 0 0 X 2 148594 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 TWO MEMBERS OF THE BOARD ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED WITH THE ASSISTANCE OF THE FINANCIAL CONSULTANT AND MANAGING DIRECTOR OF FINANCE AND OPERATIONS. IT IS REVIEWED BY THE CEO AND BOARD APPROVAL IS GIVEN BEFORE SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C ALL 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 B, LINE 15 PUBLIC PREP HAS ESTABLISHED A SALARY SCALE FOR ALL STAFF POSITIONS. EMPLOYEE EXPERIENCE IS ANALYZED IN RELATION TO THE REQUIRED YEARS OF EXPERIENCE WITH THE JOB REQUIREMENTS. THE CEO IS AN EMPLOYEE OF THE ORGANIZATION AND COMPENSATION IS DETERMINED BY PPN'S BOARD. ANY CHANGES TO A STAFF MEMBER'S SALARY WILL BE APPROVED BY THE DIRECTOR OF HUMAN RESOURCES IN WRITING OR ELECTRONICALLY AND DOCUMENTED VIA A PAYROLL STATUS CHANGE FORM. A COPY OF THIS FORM WILL BE MAINTAINED IN THE EMPLOYEE FILE. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS AND CAN BE PRESENTED UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL AND CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 133,164. MANAGEMENT AND GENERAL EXPENSES 756,264. FUNDRAISING EXPENSES 5,330. TOTAL EXPENSES 894,758. FORM 990, PART XII, LINE 2C THE BOARD HAS NOT CHANGED ITS PROCESS FOR SELECTING THE INDEPENDENT AUDITOR NOR HAVE THEY CHANGED THE OVERSIGHT OF THE AUDIT FROM PRIOR YEARS.