2017-05-15T10:06:35-05:00 2016-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2015-07-01 264646416 PUBLIC PREPARATORY NETWORK INC PUBL 2123466000 441 EAST 148TH STREET BRONX NY 10455 IAN ROWE CEO 2123466000 2017-03-27 1 MICHELLE CAIN P00150750 5854231860 2017-03-27 2015 2021-01-29 14:40:06Z X IAN ROWE 441 EAST 148TH STREET BRONX NY 10455 4953246 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 X 10 10 44 15 0 0 2554558 2364472 2604438 2416638 -12654 -3300 -84361 -24580 5061981 4753230 0 610783 0 0 3166648 2780427 0 0 106729 2002785 1351475 5169433 4742685 -107452 10545 2825573 1751976 927012 372066 1898561 1379910 X 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 1 4001365 610783 2416638 CHARTER SCHOOL MARKETING/RECRUITMENT, FUNDRAISING AS WELL AS ACADEMIC, ADMINISTRATIVE AND FINANCIAL SUPPORT. 4001365 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 1 46 0 44 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X IAN ROWE 2123466000 441 EAST 148TH STREET BRONX NY 10455 BRYAN LAWRENCE CHAIR 1.00 X X 0 0 0 ERIC GRANNIS VICE CHAIR 1.00 X X 0 0 0 PAUL VERMYLEN TREASURER 1.00 X X 0 0 0 MICHAL KATZ DIRECTOR THROUGH 6/30/16 1.00 X 0 0 0 DOMINIQUE SCHULTE DIRECTOR 1.00 X 0 0 0 PHILIP O BRANDES DIRECTOR 1.00 X 0 0 0 MARK DIKER DIRECTOR 1.00 X 0 0 0 MARGERY MAYER DIRECTOR 1.00 X 0 0 0 GREG JONES DIRECTOR 1.00 X 0 0 0 NICOLE PULLEN ROSS DIRECTOR 1.00 X 0 0 0 IAN ROWE CEO 50.00 X 339520 0 38215 TIFFANY LISTON COO THROUGH 7/1/16 50.00 X 183846 0 25948 DAVID NITKIN - CHIEF DATA AND ACCOUNTABILITY OFFICER 50.00 X 153118 0 14357 KELLY CASSARO - CHIEF ADADEMIC OFFICER THROUGH 5/31/16 50.00 X 149494 0 22978 PRAKASH SHAH CONTROLLER THROUGH 12/28/15 50.00 X 123914 0 21606 ERICA NEWMAN DIRECTOR OF OPERATIONS 50.00 X 101055 0 18428 YOHANA DE LOS SANTOS MD CULTURE AND FAMILY ENGAGEMENT 50.00 X 124813 0 18106 STACEY COBURN WILLIAMS - MD STRATEGY AND DEVELOPMENT THRU 4/1/16 50.00 X 104313 0 11981 1280073 0 171619 8 0 1 0 SCHOOL WORKS 100 CUMMINGS CENTER SUITE 236C BEVERLY MA 01915 SCHOOL SUPPORT-PROFESSIONAL DEVELOPMENT 169367 291 BROADWAY REALTY ASSOCIATES 291 BROADWAY NEW YORK NY 10007 RENT 116909 2 310937 42086 2011449 106879 2364472 MANAGEMENT FEES 611430 2416638 2416638 2416638 105 105 103474 106879 -3405 -3405 -3405 68557 310937 93137 -24580 -24580 4753230 2416638 0 -27880 610783 610783 675101 527265 122568 25268 1651006 1428370 168671 53965 57662 48479 7219 1964 239122 201038 29939 8145 157536 132446 19724 5366 1357 1357 40534 40534 223841 31836 192005 195478 195478 63053 45958 15233 1862 2642 2221 331 90 195931 164725 24532 6674 20276 17046 2539 691 36621 30789 4585 1247 21950 18454 2748 748 STAFF DEVELOPMENT 276428 273464 2330 634 SCHOOL SUPPORT 271162 271162 EQUIPMENT AND FURNISHIN 2202 1851 276 75 4742685 4001365 634591 106729 1098200 564555 200205 200285 595009 694398 243947 125098 116063 98925 216522 169407 488752 47115 83397 21600 2825573 1751976 701337 350017 191440 22049 34235 0 927012 372066 X 948552 101712 950009 1278198 1898561 1379910 2825573 1751976 X 10545 -529196 X X 0 1 X 1 0 X 958557 2507232 2073183 2554558 2364472 10458002 958557 2507232 2073183 2554558 2364472 10458002 6455917 4002085 12 94 105 211 117297 4500 837 122634 10580847 9452807 0.37820 0.40130 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: INSURANCE PROCEEDS OTHER INCOME 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 216522 169407 47115 47115 5064362 217995 93137 311132 4753230 0 4753230 5583013 217995 622333 840328 4742685 0 4742685 PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSE 93,137. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSE 93,137. TRANSFER OF NET ASSETS OF PRE-K TO PUBLIC PREP CHARTER SCHOOL ACADEMIES 529,196. HAMILTON 333593 265036 68557 15016 43843 9698 JUNIOR BOARD EVENT 13006 13006 135 468 1 25000 25000 10630 371599 303042 68557 15151 43843 20796 79790 -11233 1 PUBLIC PREP CHARTER SCHOOL ACADEMIES 441 EAST 148TH STREET BRONX NY 10455 810650329 501(C)3 610783 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. PPA IS INVOLVED IN THE DAILY OPERATIONS OF PPN AND THEREFORE MONITORS PPA'S RECORDS AND PROCEDURES. 1 X 0 0 0 0 0 0 0 0 0 IAN ROWE CEO 294520 0 45000 0 0 0 14260 0 23955 0 377735 0 0 0 TIFFANY LISTON COO THROUGH 7/1/16 160046 0 23800 0 0 0 6999 0 18949 0 209794 0 0 0 DAVID NITKIN - CHIEF DATA AND ACCOUNTABILITY OFFICER 134818 0 18300 0 0 0 6957 0 7400 0 167475 0 0 0 KELLY CASSARO - CHIEF ADADEMIC OFFICER THROUGH 5/31/16 127459 0 22035 0 0 0 6791 0 16187 0 172472 0 0 0 X 1 106879 FMV 0 1 0 PRE-K PROGRAM ACCOUNTS RECEIVABLE 2015-07-01 217947 BOOK BALANCE 810650329 PUBLIC PREP CHARTER SCHOOL ACADEMIES 441 EAST 148TH STREET BONX NY 10455 501(C)3 PRE-K PROGRAM PREPAID EXPENSES AND OTHER CURRENT ASSETS 2015-07-01 20549 BOOK BALANCE 810650329 PUBLIC PREP CHARTER SCHOOL ACADEMIES 441 EAST 148TH STREET BONX NY 10455 501(C)3 PRE-K PROGRAM SECURITY DEPOSIT 2015-07-01 61797 BOOK BALANCE 810650329 PUBLIC PREP CHARTER SCHOOL ACADEMIES 441 EAST 148TH STREET BONX NY 10455 501(C)3 PRE-K PROGRAM ACCOUNTS PROPERTY AND EQUIPMENT 2015-07-01 451700 BOOK BALANCE 810650329 PUBLIC PREP CHARTER SCHOOL ACADEMIES 441 EAST 148TH STREET BONX NY 10455 501(C)3 PRE-K PROGRAM ACCOUNTS PAYABLE AND ACCRUED EXPENSES 2015-07-01 26839 BOOK BALANCE 810650329 PUBLIC PREP CHARTER SCHOOL ACADEMIES 441 EAST 148TH STREET BONX NY 10455 501(C)3 PRE-K PROGRAM PAYROLL 2015-07-01 61131 BOOK BALANCE 810650329 PUBLIC PREP CHARTER SCHOOL ACADEMIES 441 EAST 148TH STREET BONX NY 10455 501(C)3 PRE-K PROGRAM RELATED PARTY PAYABLES 2015-07-01 162822 BOOK BALANCE 810650329 PUBLIC PREP CHARTER SCHOOL ACADEMIES 441 EAST 148TH STREET BONX NY 10455 501(C)3 PRE-K PROGRAM DEFERRED LEASE LIABILITY 2015-07-01 34235 BOOK BALANCE 810650329 PUBLIC PREP CHARTER SCHOOL ACADEMIES 441 EAST 148TH STREET BONX NY 10455 501(C)3 PRE-K PROGRAM CASH 2015-07-01 62230 BOOK BALANCE 810650329 PUBLIC PREP CHARTER SCHOOL ACADEMIES 441 EAST 148TH STREET BONX NY 10455 501(C)3 PRE-K PROGRAM NET ASSETS 2015-07-01 529196 BOOK BALANCE 810650329 PUBLIC PREP CHARTER SCHOOL ACADEMIES 441 EAST 148TH STREET BONX NY 10455 501(C)3 0 0 0 0 FORM 990, PART III, LINE 3 THE ORGANIZATION TRANSFERRED THEIR PRE-K PROGRAM TO PUBLIC PREP CHARTER SCHOOL ACADEMIES IN THE CURRENT YEAR. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS PREPARED WITH THE ASSISTANCE OF THE COO. 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 AND CAN BE PRESENTED UPON REQUEST. THESE DOCUMENTS ARE ALSO AVAILABLE AT GUIDESTAR.ORG. FORM 990, PART XI, LINE 9: TRANSFER OF NET ASSETS OF PRE-K TO PUBLIC PREP CHARTER SCHOOL ACADEMIES -529,196. FORM 990, PART XII, LINE 2C THE PROCESS IS CONSISTENT WITH PRIOR YEARS.