2016-05-09T13:56:33-05:00 2015-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2014-07-01 264646416 PUBLIC PREPARATORY NETWORK INC PUBL 2123466000 291 BROADWAY NO 1202 NEW YORK NY 10007 IAN ROWE CEO 2123466000 2016-04-25 1 MICHELLE CAIN P00150750 5854231860 2016-04-25 2014 2016-08-17 19:52:53Z IAN ROWE 291 BROADWAY NO 1202 NEW YORK NY 10007 5355479 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 8 8 47 40 0 0 2073183 2554558 1689333 2604438 12 -12654 4500 -84361 3767028 5061981 0 0 0 0 2255697 3166648 0 0 152031 1285277 2002785 3540974 5169433 226054 -107452 2296113 2825573 290100 927012 2006013 1898561 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 4543905 2605275 CHARTER SCHOOL MARKETING/RECRUITMENT, FUNDRAISING AS WELL AS ACADEMIC, ADMINISTRATIVE AND FINANCIAL SUPPORT. 4543905 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 39 0 47 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X IAN ROWE 2123466000 291 BROADWAY ROOM 1202 NEW YORK NY 10007 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 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 IAN ROWE CEO 50.00 X 338724 0 28552 TIFFANY LISTON COO 50.00 X 119446 0 21258 JULIE JACKSON FORSBERG STUDENT LEARNING THROUGH 12/31/14 50.00 X 141667 0 22508 KELLY CASSARO MD LEADERSHIP DEVELOPMENT 50.00 X 119470 0 20205 PRAKASH SHAH CONTROLLER THROUGH 12/28/15 50.00 X 100327 0 19587 ERICA NEWMAN DIRECTOR OF OPERATIONS 50.00 X 100399 0 11288 920033 0 123398 6 0 1 0 436 EAST 149TH STREET REALTY MANAGEMENT 436 EAST 149TH ST BRONX NY 10455 CONSTRUCTION COST/RENT 440953 291 BROADWAY REALTY ASSOCIATES 291 BROADWAY NEW YORK NY 10007 RENT 110207 2 37447 173913 2343198 272511 2554558 MANAGEMENT FEES 611430 2059570 2059570 STATE AND LOCAL PRE-K 611600 544868 544868 2604438 94 94 195552 208300 -12748 -12748 -12748 0 37447 85198 -85198 -85198 MISCELLANEOUS INCOME 900099 837 837 837 5061981 2605275 0 -97852 468888 400455 44988 23445 2158524 1913240 148788 96496 62911 56984 3514 2413 302707 277834 14756 10117 173618 157460 9945 6213 24733 24733 250346 53826 196520 229125 229125 76775 62483 12214 2078 1919 1779 86 54 312386 292243 12398 7745 20782 20782 79403 75653 2308 1442 24980 22020 1822 1138 SCHOOL SUPPORT 596205 596205 STAFF DEVELOPMENT 273275 273275 CLASSROOM SUPPLIES 34937 34937 STUDENT MEALS 24819 24819 53100 50785 1425 890 5169433 4543905 473497 152031 677974 1098200 200111 200205 988242 595009 98037 243947 16851 116063 669295 180543 84998 488752 208300 0 21600 83397 2296113 2825573 274931 701337 9250 191440 5919 34235 290100 927012 X 302771 948552 1703242 950009 2006013 1898561 2296113 2825573 -107452 0 X X 0 1 X 1 0 X 1092684 958557 2507232 2073183 2554558 9186214 1092684 958557 2507232 2073183 2554558 9186214 5450752 3735462 12 94 106 117297 4500 837 122634 9308954 7425510 0.40130 0.49890 X SCHEDULE A, PART I, LINE 7 THE ORGANIZATION RECEIVED A 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 422799 34565 388234 246496 145978 100518 488752 DEFERRED LEASE LIABILITY 34235 34235 X 5373918 226739 85198 311937 5061981 0 5061981 5481370 226739 85198 311937 5169433 0 5169433 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 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN NEW YORK STATE. THE TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2012 THROUGH JUNE 30, 2015 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS AND THE TAXING AUTHORITIES IN NEW YORK STATE. 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 FUNDRAISING EXPENSE 85,198. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSE 85,198. PI DAY 33104 33104 85198 33104 33104 85198 85198 -85198 1 X 0 0 0 0 0 0 0 0 0 IAN ROWE CEO 253724 0 85000 0 0 0 13393 0 15159 0 367276 0 0 0 JULIE JACKSON FORSBERG STUDENT LEARNING THROUGH 12/31/14 141667 0 0 0 0 0 7466 0 15042 0 164175 0 0 0 X 5 272511 FMV 0 1 0 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 XII, LINE 2C THE PROCESS IS CONSISTENT WITH PRIOR YEARS.