2023-11-13T21:14:34-06:00 2023-06-30 132781641 MITCHELL & TITUS LLP 80 PINE STREET NEW YORK NY 10005 990 2022-07-01 132613383 PREP FOR PREP PREP 2125791390 328 WEST 71ST STREET NEW YORK NY 100233502 RUTH JURGENSEN CHIEF EXECUTIVE OFFICER 2125791390 2023-11-13 1 RUTH JURGENSEN 999009999 0 FREDERICK E DAVIS JR P00446023 2127094500 2023-11-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RUTH JURGENSEN 328 WEST 71ST STREET NEW YORK NY 100233502 17993450 0 X WWW.PREPFORPREP.ORG X 1968 NY PREP FOR PREP ENVISIONS A NATION GUIDED BY ETHICAL AND EFFECTIVE LEADERS WHO REFLECT OUR DIVERSE SOCIETY. AFTER 45 YEARS OF SERVICE, PREP IS NOW MORE THAN 5,000 STUDENTS AND ALUMNI STRONG, CREATING GENERATIONS OF DIVERSE LEADERS WHO ARE INSPIRING CHANGE, SHAPING OUR DEMOCRACY, AND CONTRIBUTING TO AND GROWING OUR GLOBAL ECONOMY. 72 72 225 555 0 0 9322028 16953341 0 0 1362296 -435249 7033 655 10691357 16518747 0 0 0 0 8300920 9353751 0 0 506215 3898090 5526265 12199010 14880016 -1507653 1638731 57748705 62950296 1632943 1140256 56115762 61810040 X PREP FOR PREP'S MISSION IS TO DEVELOP FUTURE LEADERS BY CREATING ACCESS FOR YOUNG PEOPLE OF COLOR TO FIRST-RATE EDUCATIONAL, LEADERSHIP DEVELOPMENT AND PROFESSIONAL ADVANCEMENT OPPORTUNITIES. 0 0 4242261 PREPARATORY PROGRAMS: PREP REDEFINES OPPORTUNITY FOR TOP STUDENTS OF COLOR IN NYC PUBLIC SCHOOLS THROUGH EXCEPTIONAL ACADEMIC AND SOCIAL PREPAREDNESS PROGRAMMING - A RIGOROUS 14-MONTH COURSE OF STUDY - THAT RESULTS IN PLACING APPROXIMATELY 200 STUDENTS ANNUALLY IN LEADING NYC INDEPENDENT SCHOOLS (IN 7TH GRADE) AND NORTHEASTERN BOARDING SCHOOLS (IN 9TH GRADE). OUR ORGANIZATIONAL BUDGET INVESTMENT IN OUR STUDENTS LEVERAGES ROUGHLY $35 MILLION IN FINANCIAL AID FOR OVER 700 STUDENTS (GRADES 7-12) ANNUALLY COMMITTED BY OUR PARTNER SCHOOLS TO MEET STUDENTS' NEEDS BASED ON FAMILY HOUSEHOLD INCOME. 3047928 COUNSELING: PREP PROVIDES INDIVIDUAL COUNSELING FOR APPROXIMATELY 700 STUDENTS ANNUALLY THROUGHOUT THEIR TIME (RANGING FROM 4-6 YEARS) IN INDEPENDENT DAY AND BOARDING SCHOOLS. OUR COUNSELING TEAM MONITORS STUDENTS' ACADEMIC AND SOCIAL-EMOTIONAL PROGRESS AND PROVIDES ASSISTANCE, INCLUDING TUTORING AND EMERGENCY FUND SUPPORT, TO STUDENTS AND THEIR FAMILIES AS NEEDED. THE TEAM WORKS TO EQUIP STUDENTS, WHO ARE ALSO NAVIGATING ADOLESCENCE, TO ADDRESS ISSUES RANGING FROM IMPOSTER SYNDROME TO MICRO-AGGRESSIONS; FROM PERFECTIONISM TO ANXIETY AND DEPRESSION; FROM CULTURAL DIVIDES TO ASSIMILATION AND GENDER IDENTITY. SERVICES AND SUPPORT ARE ALSO MADE AVAILABLE TO APPROXIMATELY 600 COLLEGE STUDENTS ANNUALLY THROUGH OUR UNDERGRADUATE AFFAIRS TEAM. 2348865 LEADERSHIP DEVELOPMENT: PREP OFFERS LEADERSHIP DEVELOPMENT AND PROFESSIONAL ADVANCEMENT OPPORTUNITIES DURING HIGH SCHOOL AND COLLEGE TO ROUGHLY 1,300 STUDENTS ANNUALLY. ACTIVITIES INCLUDE: SLEEP-AWAY CAMP; A PREP-SOTHEBY'S PARTNERSHIP FOR OUR SUMMER ARTS ACADEMY; A PREP-GOOGLE PARTNERSHIP FOR OUR INSTITUTE FOR ENTREPRENEURSHIP (IFE); A NEW ENTREPRENEURSHIP CAMP FOR MIDDLE SCHOOL STUDENTS; COLLEGE GUIDANCE (INCLUDING CAMPUS VISITS); STUDENT LEADERSHIP RETREATS; SUMMER INTERNSHIPS AND CAREER SEMINARS WITH LEADING FIRMS, COMPANIES, NONPROFITS, AND PUBLIC SERVICE AGENCIES; EXPOSURE TO STEM FIELDS AND COMPUTER CODING; TRAVEL ABROAD, INTERNATIONAL LIVING, AND EXPERIENTIAL LEARNING; AND OTHER PROGRAMS AIMED AT EXPANDING STUDENT HORIZONS. THESE OPPORTUNITIES INCREASE STUDENTS' SENSE OF BELONGING, BROADEN UNDERSTANDING OF LIFE'S POSSIBILITIES, AND BUILD A STRONGER SELF-IDENTITY. 2476809 TALENT SEARCH : OUR ADMISSIONS TEAM IDENTIFIES 200 STUDENTS EACH YEAR FOR ADMISSION TO PREP FOR PREP, SELECTED AMONG NEARLY 4,000 ANNUAL INQUIRIES FROM STUDENTS OF COLOR IN NYC PUBLIC SCHOOLS. THE ADMISSIONS PROCESS IS EXTENSIVE AND HIGHLY COMPETITIVE. STUDENTS ARE CHOSEN FOR THEIR ACADEMIC POTENTIAL AND INTELLECTUAL CAPACITY, THEIR COMMITMENT TO LEARNING AND GROWTH, THEIR COURAGE AND INTEGRITY, THEIR DETERMINATION TO SUCCEED, AND THEIR RESILIENCE. ALUMNI AFFAIRS: FOR PREP'S ALUMNI, NOW 4,223 STRONG AND GROWING, WE BUILD COMMUNITY THROUGH A VARIETY OF ENGAGEMENT PROGRAMS THAT ENCOURAGE A LIFE-LONG COMMITMENT TO PREP AND ITS MISSION. ONGOING NETWORKING, PROFESSIONAL DEVELOPMENT, AND SOCIAL GATHERINGS, ALONG WITH OPPORTUNITIES TO GIVE BACK THEIR TIME, KNOWLEDGE, AND TREASURE, ENSURE THAT OUR STUDENTS HAVE ROLE MODELS, MENTORS, AND CHAMPIONS TO HELP THEM REACH THEIR FULL POTENTIAL AND FOLLOW IN THE FOOTSTEPS OF THEIR FELLOW ALUMNI.EDUCATIONAL EQUITY - EXPERTISE & LEADERSHIP IMPACT : PREP HAS A LONGSTANDING COMMITMENT TO SHARING ITS PROGRAM MODEL AND EXPERIENCE AND BOASTS A GROWING LIST OF MORE THAN 250 ORGANIZATIONS AND SOCIAL ENTREPRENEURS WHO HAVE BENEFITED FROM OUR KNOWLEDGE, METHODS, AND APPROACHES. ADDITIONALLY, PREP SUPPORTS ITS PARTNER SCHOOLS WITH INFORMATION-SHARING AND PROFESSIONAL ADVICE AND SUPPORT. 2476809 12115863 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 150 0 1 225 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 72 72 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X SHARON MADISON 2125791390 328 WEST 71ST STREET NEW YORK NY 100233502 MARTIN LIPTON CHAIR EMERITUS (NONVOTING) 1.00 X 0 0 0 JOHN L VOGELSTEIN CHAIR EMERITUS (NONVOTING) 1.00 X 0 0 0 SCOTT L BOK CHAIR EMERITUS 1.00 X 0 0 0 LISA SMITH CASHIN CHAIR 1.00 X X 0 0 0 YAHONNES CLEARY PRESIDENT 1.00 X X 0 0 0 CHRISTOPHER JAMES PRESIDENT 1.00 X X 0 0 0 SUE MENG EXECUTIVE VICE PRESIDENT & 1.00 X X 0 0 0 DANIEL M NEIDICH EXECUTIVE VICE PRESIDENT 1.00 X X 0 0 0 FRANK K BYNUM JR VICE PRESIDENT 1.00 X X 0 0 0 MARGARET MUNZER LOEB VICE PRESIDENT 1.00 X X 0 0 0 KENNETH CAPLAN VICE PRESIDENT 1.00 X X 0 0 0 JOHN H HALL ESQ VICE PRESIDENT 1.00 X X 0 0 0 NATALIE SWABY HUTCHINSON VICE PRESIDENT 1.00 X X 0 0 0 NICOLE ARNABOLDI VICE PRESIDENT 1.00 X X 0 0 0 CHRISTOPHER ORTEGA VICE PRESIDENT 1.00 X X 0 0 0 PETER ANZALONE VICE PRESIDENT & TREASURER 1.00 X X 0 0 0 RICHARD D'ALBERT VICE PRESIDENT & ASSISTANT 1.00 X X 0 0 0 JOHN ALLMAN TRUSTEE, EX-OFFICIO 1.00 X X 0 0 0 DALE ALLSOPP TRUSTEE 1.00 X 0 0 0 CONOR BASTABLE TRUSTEE 1.00 X 0 0 0 ANSON H BEARD TRUSTEE 1.00 X 0 0 0 JORGE CALDERON TRUSTEE 1.00 X 0 0 0 ALEX CLAVEL TRUSTEE 1.00 X 0 0 0 DIOGENES BRITO TRUSTEE FROM OCT. 2022 1.00 X 0 0 0 KATHRYN M DEANE TRUSTEE 1.00 X 0 0 0 JAMES P DEMARE TRUSTEE 1.00 X 0 0 0 ERIC DERFNER TRUSTEE 1.00 X 0 0 0 PASCAL DESROCHES TRUSTEE 1.00 X 0 0 0 ALEXANDER R EDLICH TRUSTEE 1.00 X 0 0 0 PATRICIA FARMAN-FARMAIAN TRUSTEE 1.00 X 0 0 0 KEVIN FERRO TRUSTEE 1.00 X 0 0 0 KAREEM COOK TRUSTEE FROM JAN. 2023 1.00 X 0 0 0 CARL D HARNICK TRUSTEE 1.00 X 0 0 0 FRANCIS IDEHEN TRUSTEE 1.00 X 0 0 0 JAMES R MAHER TRUSTEE 1.00 X 0 0 0 ERIC A ROTHFELD TRUSTEE 1.00 X 0 0 0 ANTHONY KIM TRUSTEE 1.00 X 0 0 0 ROBIN KRASNY TRUSTEE 1.00 X 0 0 0 LAURENCE C LEEDS JR TRUSTEE 1.00 X 0 0 0 JAMES R LEVY TRUSTEE 1.00 X 0 0 0 FRANK J LOVERRO TRUSTEE 1.00 X 0 0 0 R TYLER MORSE TRUSTEE 1.00 X 0 0 0 JONATHAN MOSES TRUSTEE THRU SEPT. 2022 1.00 X 0 0 0 JEANNEMARIE OBRIEN TRUSTEE 1.00 X 0 0 0 SANDY OSBORNE TRUSTEE 1.00 X 0 0 0 LISSA PERLMAN TRUSTEE 1.00 X 0 0 0 TREVOR PRICE TRUSTEE 1.00 X 0 0 0 RICHARD SCHAPS TRUSTEE 1.00 X 0 0 0 WILLIAM A SHUTZER TRUSTEE 1.00 X 0 0 0 PEG SULLIVAN TRUSTEE 1.00 X 0 0 0 MICHAEL WEST TRUSTEE 1.00 X 0 0 0 ANITA VOLZ WIEN TRUSTEE 1.00 X 0 0 0 BRIAN C WILLE TRUSTEE 1.00 X 0 0 0 AMANDA BOSTON TRUSTEE THRU SEPT. 2022 1.00 X 0 0 0 KARESSA L CAIN TRUSTEE 1.00 X 0 0 0 IMANI DAWSON IX TRUSTEE THRU SEPT. 2022 1.00 X 0 0 0 KEVIN OTERO XII TRUSTEE 1.00 X 0 0 0 ROLAND PERSAUD LA II TRUSTEE THRU SEPT. 2022 1.00 X 0 0 0 GRIFFIN SCHROEDER TRUSTEE THRU SEPT. 2022 1.00 X 0 0 0 EVAN SCHWARTZBERG TRUSTEE FROM OCT. 2022 1.00 X 0 0 0 HAROLD BUTLER TRUSTEE 1.00 X 0 0 0 MELANIE DOW TRUSTEE 1.00 X 0 0 0 PARISA JAFFER TRUSTEE 1.00 X 0 0 0 MEDHI MAHMUD TRUSTEE 1.00 X 0 0 0 DUSTY PHILIP TRUSTEE 1.00 X 0 0 0 ADORA WHITAKER TRUSTEE THRU SEPT. 2022 1.00 X 0 0 0 NANCY REYES TRUSTEE 1.00 X 0 0 0 ARUN ALAGAPPAN TRUSTEE 1.00 X 0 0 0 CATHERINE COLE TRUSTEE 1.00 X 0 0 0 LORENCE KIM TRUSTEE 1.00 X 0 0 0 JULIEN LIAU TRUSTEE 1.00 X 0 0 0 RAQUEL ODEN TRUSTEE 1.00 X 0 0 0 NATASHA RIVERAXXV TRUSTEE THRU SEPT. 2022 1.00 X 0 0 0 CHARLES F STEWART TRUSTEE 1.00 X 0 0 0 NYSSA FAJARDOO LEE TRUSTEE FROM OCT. 2022 1.00 X 0 0 0 MICHAEL MITCHELL TRUSTEE FROM OCT. 2022 1.00 X 0 0 0 MARIAMA N' DIAYE TRUSTEE FROM OCT. 2022 1.00 X 0 0 0 JOSEPH PABON TRUSTEE FROM OCT. 2022 1.00 X 0 0 0 DANTE PEARSON TRUSTEE FROM OCT. 2022 1.00 X 0 0 0 MO SAKURAI TRUSTEE FROM OCT. 2022 1.00 X 0 0 0 DAVID GREENBERG TRUSTEE FROM OCT. 2022 1.00 X 0 0 0 RUTH JURGENSEN CHIEF EXECUTIVE OFFICER 40.00 X 390125 0 17948 JACKSON COLLINS EXECUTIVE DIRECTOR 40.00 X 264686 0 25524 SHARON MADISON CHIEF OPERATING OFFICER 40.00 X 220272 0 24842 NIKOLE SMITH DIRECTOR OF ACADEMIC PROGR 40.00 X 184021 0 28859 JOHANNA RODRIGUEZ DIRECTOR OF ADMISSIONS 40.00 X 172135 0 23061 CINDY PEREZ DIRECTOR OF LEADERSHIP DEV 40.00 X 144661 0 27586 REBECCA ERVEY DIRECTOR OF DEVELOPMENT AN 40.00 X 211174 0 19876 ALEJANDRO LUCIANO DIRECTOR OF MENTAL WELLNESS 40.00 X 141263 0 0 VAUGHN CALDON TRUSTEE FROM OCT. 2022 1.00 X 0 0 0 1728337 0 167696 8 0 1 0 TOTAL CHARTER CORP 231 MALTA ST BROOKLYN NY 11207 TRANSPORTATION 442992 ARABELLA ADVISORS LLC 237 WEST 35TH STREET-1101 NEW YORK NY 10001 ACCOUNTING SERVICES 317145 AKIN GUMP STRAUSS HAUER & FELD LLP ONE BRYANT PARK BANK OF AMERICA TO NEW YORK NY 10036 LEGAL SERVICES 250762 KIWI PARTNERS INC 237 WEST 35TH STREET-1101 NEW YORK NY 10001 ACCOUNTING SERVICES 138250 INEZ WEINSTEIN SPECIAL EVENTS INC 215 PARK AVE S 2014 NEW YORK NY 10003 SPECIAL EVENTS 128767 6 3807269 13146072 16953341 496254 496254 931503 -931503 -931503 -931503 543200 3807269 543200 0 MISC REVENUE 655 655 655 16518747 0 0 -434594 973069 825991 107205 39873 6835421 6172681 447093 215647 250651 228130 15375 7146 674446 612724 44552 17170 620164 560486 41914 17764 643147 12030 629699 1418 410680 410680 38792 38792 295923 256148 25457 14318 68707 22302 30237 16168 303046 209822 68870 24354 344241 216159 96437 31645 887389 810105 55924 21360 129579 120279 5639 3661 189885 152599 28476 8810 137340 94576 31615 11149 INTERN & LEADER RETREAT 512852 512852 PUPIL TRANSPORTATION 448494 448494 CAMPUS & SCHOOL TRIPS 248711 246016 2695 BOARDING SCH IMMERSION 138967 138967 728512 475502 177278 75732 14880016 12115863 2257938 506215 3903238 950038 1203868 2020388 3620516 9448861 1000000 365379 709338 7211053 5119864 2094065 2091189 22386201 21949493 24175438 24780989 57748705 62950296 718964 1140256 913979 1632943 1140256 X 52042779 50826384 4072983 10983656 56115762 61810040 57748705 62950296 1638731 4055547 0 X 0 1 X 1 0 X 8084680 8359335 9235820 9322028 13146072 48147935 8084680 8359335 9235820 9322028 13146072 48147935 3344856 44803079 389263 372158 423497 526943 457462 2169323 16522 873 3202 7033 655 28285 50345543 0.88990 0.91670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 46196227 3525819 4090221 45631825 53592212 -7310850 85135 46196227 41888609 12784670 1081067 53592212 42839192 374417 1325000 41888609 41581364 1834999 577171 42839192 0 0 492750 492750 3893996 2615424 1278572 2824307 2504440 319867 2091189 ALTERNATIVE INVESTMENTS 24780989 C 24780989 X 21850725 4055547 1315223 5370770 16479955 38792 38792 16518747 16156447 1315223 1315223 14841224 38792 38792 14880016 PART V, LINE 4: THE BOARD DESIGNATED ENDOWMENT IS UNRESTRICTED AS TO USE, HAVING BEEN ESTABLISHED TO SERVE AS A BUFFER AGAINST FUNDRAISING SHORTFALLS AND TO COVER SHORT-TERM OPERATING CASH NEEDS. THE PERMANENTLY RESTRICTED ENDOWMENT IS LIMITED BY DONOR-IMPOSED RESTRICTIONS THAT DO NOT EXPIRE AND PROVIDES FOR AN ANNUAL DISTRIBUTION OF 4% BASED ON THE AVERAGE VALUE OF SUCH FUNDS AND RELATED TEMPORARILY RESTRICTED ASSETS MEASURED QUARTERLY OVER FIVE YEARS. THESE DISTRIBUTIONS ARE USED TO HELP SUPPORT PREP'S ANNUAL OPERATING BUDGET. PART X, LINE 2: PREP HAS ADOPTED THE PROVISION PERTAINING TO UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENT. PERIODS ENDING JUNE 30, 2019 AND SUBSEQUENT REMAIN OPEN TO EXAMINATION TO APPLICABLE TAXING AUTHORITIES. LILAC BALL 4350469 3807269 543200 543200 4350469 3807269 543200 543200 543200 0 X X X X X 0 1 0 0 0 0 0 0 0 RUTH JURGENSEN CHIEF EXECUTIVE OFFICER 390125 0 0 0 0 0 17458 0 490 0 408073 0 0 0 JACKSON COLLINS EXECUTIVE DIRECTOR 264686 0 0 0 0 0 15000 0 10524 0 290210 0 0 0 SHARON MADISON CHIEF OPERATING OFFICER 220272 0 0 0 0 0 14267 0 10575 0 245114 0 0 0 NIKOLE SMITH DIRECTOR OF ACADEMIC PROGR 184021 0 0 0 0 0 18405 0 10454 0 212880 0 0 0 JOHANNA RODRIGUEZ DIRECTOR OF ADMISSIONS 172135 0 0 0 0 0 11295 0 11766 0 195196 0 0 0 CINDY PEREZ DIRECTOR OF LEADERSHIP DEV 144661 0 0 0 0 0 15000 0 12586 0 172247 0 0 0 REBECCA ERVEY DIRECTOR OF DEVELOPMENT AN 211174 0 0 0 0 0 19400 0 476 0 231050 0 0 0 THE COLONY GROUP (PREVIOUSLY PROVIDENCE ASSET MANAGEMENT (NPAM)) JOHN VOGELSTEIN, CHAIRMAN EMERITUS ON JUNE 1, 2017, PREP ENTERED INTO A SUBSCRIPTION AGREEMENT AS A LIMITED PARTNER IN NEW PROVIDENCE BALANCED PORTFOLIO, LP WITH THE COLONY GROUP (PREVIOUSLY PROVIDENCE ASSET MANAGEMENT (NPAM)) FOR THE MANAGEMENT OF A PORTION OF PREP'S ENDOWMENT ASSETS. MR. VOGELSTEIN'S INTEREST IN THE COLONY GROUP WAS DISCLOSED TO PREP PRIOR TO ITS ENTERING INTO THE AGREEMENT WITH NPAM, AND MR. VOGELSTEIN DID NOT PARTICIPATE OR PLAY ANY ROLE IN PREP'S DECISION TO ENGAGE NPAM. IN AUGUST 2022, NEW PROVIDENCE MERGED WITH THE COLONY GROUP. 0 X 27 1037074 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: GIFTS OF SHARES OF STOCK FROM VARIOUS DONORS ARE RECEIVED ON PREP'S BEHALF BY MERRILL LYNCH AND ARE SOLD AS SOON AS PREP IS NOTIFIED OF RECEIPT. FORM 990, PART I, LINE 6 PREP STUDENTS, ALUMNI, AND SUPPORTERS VOLUNTEER TO HELP ADVANCE PREP'S MISSION. VOLUNTEER OPPORTUNITIES ARE WIDE-RANGING: PREP STUDENTS, PARENTS, AND ALUMNI PROVIDE SUPPORT TO THE PREP ADMISSIONS OFFICE, WORKING WITH PROSPECTIVE APPLICANTS AND THEIR PARENTS/GUARDIANS DURING THE RECRUITMENT AND APPLICATION PROCESS; PREP STUDENTS WHO HAVE COMPLETED AT LEAST 8TH GRADE IN THEIR INDEPENDENT SCHOOLS SERVE AS VOLUNTEERS DURING THE PREPARATORY COMPONENT SUMMER SESSION BY ASSISTING WITH ATTENDANCE AND THE COLLECTION AND DISTRIBUTION OF LUNCHES, BOOKS AND NOTICES. (APPROXIMATELY 50 VOLUNTEERS SUPPORT ADMISSIONS AND PREPARATORY COMPONENT EACH YEAR.) VOLUNTEERS ALSO FACILITATE PROFESSIONAL ADVANCEMENT AND LEADERSHIP DEVELOPMENT INITIATIVES THAT EXPOSE PREP HIGH SCHOOL AND UNDERGRADUATE STUDENTS TO A RANGE OF CAREER OPTIONS THEY MIGHT NOT OTHERWISE HAVE CONSIDERED. THESE INITIATIVES INCLUDE SUMMER INTERNSHIPS, PREP'S ARTS ACADEMY, AND PREP'S INSTITUTE FOR ENTREPRENEURSHIP (IFE). PREP ALUMS, EMPLOYEES OF PARTNERING FIRMS, TRUSTEES, ASSOCIATES COUNCIL MEMBERS, AND DONORS HELP PREPARE STUDENTS BY CONDUCTING MOCK JOB INTERVIEWS. FOR IFE, VOLUNTEERS FROM THESE GROUPS SERVE AS BUSINESS PLAN ADVISORS AND FINAL COMPETITION JUDGES. PREP ALSO USES VOLUNTEERS TO SERVE AS CAREER SEMINAR SERIES PANELISTS. (AS MANY AS 400 VOLUNTEERS SUPPORT PROFESSIONAL ADVANCEMENT EACH YEAR.) MEMBERS OF THE BOARD OF TRUSTEES AND ASSOCIATES COUNCIL VOLUNTEER THEIR TIME AND PROFESSIONAL EXPERIENCE TO LEVERAGE THEIR CONTACTS AND ADVISE THE ORGANIZATION. (TOTAL OF 126 TRUSTEES AND COUNCIL MEMBERS PARTICIPATED DURING THE COURSE OF FY 23.) IN ADDITION, OUR ALUMNI COUNCIL DRIVES PARTICIPATION IN VOLUNTEER ENGAGEMENT ACTIVITIES FOR THE BENEFIT OF PREP, OUR STUDENTS, AND OUR ENTIRE ALUMNI COMMUNITY, INCLUDING FIVE ACTIVE ALUMNI AFFINITY GROUPS. FORM 990, PART VI, SECTION A, LINE 2 THE TRUSTEES FRANK BYNUM, FRANK LOVERRO AND SANDY OSBORNE HAVE A SHARED OWNERSHIP INTEREST IN KELSO & COMPANY, INC. THE FOLLOWING TRUSTEES ARE ASSOCIATED WITH THE SAME ORGANIZATION: SUE MENG IS A PARTNER OF DEBEVOISE & PLIMPTON; JOHN HALL IS OF COUNSEL. MARTIN LIPTON, JONATHAN MOSES, JEANNEMARIE O'BRIEN, AND KARESSA CAIN ARE PARTNERS OF WACHTELL, LIPTON, ROSEN & KATZ, FORM 990, PART VI, SECTION B, LINE 11B THE LEAGUE'S 990 WILL BE REVIEWED BY THE SVPS, LEGAL COUNSEL,AUDIT COMMITTEE AND BOARD. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, HUMAN RESOURCES REQUESTS THAT EACH EMPLOYEE REVIEWED AND SIGNED THE POLICY. IN ADDITION, PLEASE NOTE THAT SELF-DISCLOSURE AND THE REVIEW OF CONTRACTS BEFORE APPROVAL HELPS MONITOR AND ENFORCE THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 CEO COMPENSATION IS APPROVED BY A BOARD COMPENSATION COMMITTEE. AND THE STAFF MEMBERS' COMPENSATIONS ARE REVEIWED BY HR AND CEO. LASTLY, THE LEAGUE DOES NOT HAVE ANY OFFICERS OR KEY EMPLOYEES THAT ARE PAID. CEO IS THE ONLY STAFF PERSON WHO IS ON THE BOARD. THERE ARE NO OTHER KEY EMPLOYEES. THE OTHER HIGH LEVEL STAFF MEMBERS LISTED ABOVE ARE NOT KEY EMPLOYEES. HOWEVER, THEY LEAD AND MANAGE OUR DEPARTMENTS. BUT THEY DO NOT HAVE THE OVERALL ORGANIZATIONAL RESPONSIBILITIES, POWERS OR INFLUENCE OVER THE TOTAL ORGANIZATION THAT CEO AND THE TRUSTEES HAVE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL REPORTS AVAILABLE TO THE PUBLIC UPON REQUEST.