PREP FOR PREP: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- PREP FOR PREP (EIN 13-2613383)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2013-11-11
- IRS object ID
- 201333169349302193
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule F
- Schedule G
- Schedule J
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-11T15:09:02-06:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 133516375 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | N CHENG & CO PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 40 EXCHANGE PLACE | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10005 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 132613383 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PREP FOR PREP | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | PREP | NameControl |
| Phone | 2125791390 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 328 WEST 71ST STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 100233502 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | AILEEN HEFFERREN | Name |
| Title | CHIEF EXECUTIVE | Title |
| Phone | 2125791390 | Phone |
| Date Signed | 2013-11-11 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | GERMAN RODRIGUEZ | Name |
| PTIN | P00367209 | PTIN |
| Phone | 2127850100 | Phone |
| Date Prepared | 2013-11-07 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | AILEEN HEFFERREN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 328 WEST 71ST NEW YORK NY 10023 | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10023 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 11848778 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.PREPFORPREP.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Type Of Org Other Description | NOT FOR PROFIT | TypeOfOrgOtherDescription |
| Year Formation | 1968 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | PREP FOR PREP IS AN EDUCATIONAL, LEADERSHIP DEVELOPMENT PROGRAM THAT PREPARES AND PLACES NEW YORK CITY'S MOST ABLE STUDENTS OF COLOR INTO INDEPENDENT SCHOOLS AND PROVIDES THEM WITH ONGOING SUPPORT AND LIFE-CHANGING OPPORTUNITIES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 55 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 55 | NbrIndependentVotingMembers |
| Total Nbr Employees | 271 | TotalNbrEmployees |
| Total Nbr Volunteers | 305 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 10934339 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 11307871 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 173561 | InvestmentIncomePriorYear |
| Investment Income Current Year | 260732 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 3608 | OtherRevenuePriorYear |
| Other Revenue Current Year | 95 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 11111508 | TotalRevenuePriorYear |
| Total Revenue Current Year | 11568698 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 6063033 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 6482469 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 934265 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 3604328 | OtherExpensePriorYear |
| Other Expenses Current Year | 3737495 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 9667361 | TotalExpensesPriorYear |
| Total Expenses Current Year | 10219964 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1444147 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1348734 | RevenuesLessExpensesCY |
| Total Assets BOY | 36188121 | TotalAssetsBOY |
| Total Assets EOY | 40848901 | TotalAssetsEOY |
| Total Liabilities BOY | 1878201 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1754151 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 34309920 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 39094750 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | PREP FOR PREP IS AN EDUCATIONAL, LEADERSHIP DEVELOPMENT PROGRAM THAT PREPARES AND PLACES NEW YORK CITY'S MOST ABLE STUDENTS OF COLOR INTO INDEPENDENT SCHOOLS AND PROVIDES THEM WITH ONGOING SUPPORT AND LIFE-CHANGING OPPORTUNITIES. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 3132793 | Expense |
| Description | ACADEMIC PROGRAMS - 14-MONTH "ACADEMIC BOOT CAMPS" PREPARING APPROXIMATELY 200 STUDENTS FOR 7TH GRADE PLACEMENT IN INDEPENDENT DAY SCHOOLS IN NEW YORK CITY OR 9TH GRADE PLACEMENT IN NORTHEASTERN BOARDING SCHOOLS | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1853435 | Expense |
| Description | COUNSELING - INDIVIDUAL COUNSELING FOR APPROXIMATELY 800 STUDENTS THROUGH THEIR YEARS IN INDEPENDENT SCHOOL TO MONITOR THEIR ACADEMIC AND SOCIAL PROGRESS AND TO PROVIDE HELP AND SUPPORT AS NEEDED.SOCIAL AND CULTURAL ACTIVITIES DURING SCHOOL HOLIDAYS AND ON WEEKENDS EASE THE SOCIAL TRANSITION AND BUILD A SENSE OF COMMUNITY. SERVICES AND SUPPORT ARE MADE AVAILABLE TO APPROXIMATELY 800 UNDERGRADUATES AS WELL. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1906760 | Expense |
| Description | LEADERSHIP DEVELOPMENT OPPORTUNITIES FOR APPROXIMATELY 1,000 OF PREP'S HIGH SCHOOL AND COLLEGE STUDENTS -LEADERSHIP RETREATS, COLLEGE GUIDANCE, SUMMER INTERNSHIPS, TRAVEL ABROAD EXPERIENCES, AND OTHER OPPORTUNITIES THAT BROADEN STUDENTS' ASPIRATIONS, INCREASE THEIR SENSE OF LIFE'S POSSIBILITIES, AND BUILD A STRONGER SENSE OF SELF; OPPORTUNITIES, EVENTS, AND NETWORKING FOR PREP'S APPROXIMATELY 3,000 UNDERGRADUATE AND COLLEGE GRADUATE ALUMNI, ENCOURAGING THEIR ON-GOING INVOLVEMENT WITH AND SUPPORT OF THE PROGRAM. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1549248 | Expense |
| Description | TALENT SEARCH - IDENTIFYING AND SELECTING 200 STUDENTS FOR PARTICIPATION IN THE PROGRAM - FROM AMONG 7000 NOMINATED - THROUGH AN EXTENSIVE ADMISSIONS PROCESS; SMART CONNECTIONS - SHARING PREP'S MODEL AND EXPERIENCE WITH 170 ORGANIZATIONS AND SOCIAL ENTREPRENEURS, INCLUDING A PREP-HOSTED CONFERENCE. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 1549248 | TotalOfOtherProgramServiceExp |
| Total Program Service Expense | 8442236 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 73 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 271 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | BD | NameOfForeignCountry |
| Name Of Foreign Country | CJ | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 55 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 55 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALIK HINCKSON | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2125791390 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 328 WEST 71ST STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 100233502 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (67 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| PAULA KARSTENS MAHONEY | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| ERICH MAUFF | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| HAROLD MCGRAW III | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| JULIE MONACO | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| JONATHAN MOSES | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| SUSAN M NEUMANN | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| JEANNEMARIE O' BRIEN | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| GLORIMAR O' HARA | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| SANDY OSBORNE | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| BARBARA PAGE | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| LISSA PERLMAN | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| LLOYD PLENTY | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| RICHARD REISS JR | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| WILLIAMS A SHUTZER | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| NANCY VON AUERSPERG | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| ANDREW M WALLACH | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| ANITA VOLZ WIEN | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| BRIAN C WILLE | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| ARUN ALAGAPPAN | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| HERBERT A ALLEN III | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| JOHN ALLMAN | ||||||||
| TRUSTEE EX OFFICIO | 0.00 | X | 0 | 0 | 0 | |||
| COURTNEY ARCHER BUCKMIRE | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| NICOLE ARNABOLDI | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| ORLANDO D ASHFORD | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| CONOR BASTABLE | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| ANSON H BEARD | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| RONALD E BLAYLOCK | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| UNIQUE FRASER BRATHWAITE | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| JERRY BRIGHT | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| CAROLYN S BRODY | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| FRANK K BYNUM JR | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| JORGE CALDERON | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| DANIELLE DANESE | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| ELIZABETH B DATER | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| CARMINE DI SIBIO | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| ALEXANDER R EDLICH | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| PATRICIA FARMAN-FARMAIAN | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| CARL D HARNICK | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| DECLAN KELLY | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| ROBIN J KEMPER | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| JAY L KRIEGEL | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| FRANCES G LASERSON | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| LAURENCE C LEEDS JR | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| DANIEL S LOEB | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| FRANK J LOVERRO | ||||||||
| TRUSTEE | 0.00 | X | 0 | 0 | 0 | |||
| MARTIN LIPTON | ||||||||
| CHAIRMAN EMERITUS | 0.00 | X | 0 | 0 | 0 | X | ||
| JOHN VOGELSTEIN | ||||||||
| CHAIRMAN EMERITUS | 0.00 | X | 0 | 0 | 0 | X | ||
| SCOTT L BOK | ||||||||
| CHAIRMAN | 0.00 | X | 0 | 0 | 0 | X | ||
| LISA SMITH CASHIN | ||||||||
| EXECUTIVE VICE PRESIDENT | 0.00 | X | 0 | 0 | 0 | X | ||
| ANNE GILCHRIST HALL | ||||||||
| EXECUTIVE VICE PRESIDENT | 0.00 | X | 0 | 0 | 0 | X | ||
| DANIEL MNIEDICH | ||||||||
| EXECUTIVE VICE PRESIDENT | 0.00 | X | 0 | 0 | 0 | X | ||
| VALENTINO D CARLOTTI | ||||||||
| VICE PRESIDENT | 0.00 | X | 0 | 0 | 0 | X | ||
| JAMES RMAHER | ||||||||
| VICE PRESIDENT | 0.00 | X | 0 | 0 | 0 | X | ||
| DAVID A NADLER | ||||||||
| VICE PRESIDENT | 0.00 | X | 0 | 0 | 0 | X | ||
| ERIC A ROTHFELD | ||||||||
| VICE PRESIDENT | 0.00 | X | 0 | 0 | 0 | X | ||
| JOHN H HALL ESQ | ||||||||
| VICE PRESIDENT & SECRETARY | 0.00 | X | 0 | 0 | 0 | X | ||
| JENNIFER J BURLEIGH | ||||||||
| VP & ASSISTANT SECRETARY | 0.00 | X | 0 | 0 | 0 | X | ||
| PASCAL DESROCHES | ||||||||
| VICE PRESIDENT & TREASURER | 0.00 | X | 0 | 0 | 0 | X | ||
| AILEEN HEFFERREN | ||||||||
| CHIEF EXECUTIVE | 40.00 | 287250 | 0 | 84658 | X | |||
| ED BOLAND | ||||||||
| VP EXTERNAL AFFAIRS | 40.00 | 192872 | 0 | 25961 | X | |||
| PETER BORDONARO | ||||||||
| DEPUTY EXEC. DIRECTOR | 40.00 | 198983 | 0 | 64271 | X | |||
| JONATHAN MILLS | ||||||||
| DIR. FINANCE & ADMIN. | 40.00 | 169832 | 0 | 33612 | X | |||
| CHARLES GUERRERO | ||||||||
| DIR. LEADERSHIP DEV. OPP. | 40.00 | 102190 | 0 | 29301 | X | |||
| FRED MCINTOSH | ||||||||
| DIR. ADMISSIONS | 40.00 | 100016 | 0 | 24155 | X | |||
| FRANCESCA RYAN | ||||||||
| DIR. DEVELOPMENT | 40.00 | 105413 | 0 | 15257 | X | |||
| MARIE URSINO | ||||||||
| DIR. OF COUNSELING | 40.00 | 151116 | 0 | 26521 | X | |||
| DOMINIC MICHEL | ||||||||
| ASSOC. EXEC. DIRECTOR | 40.00 | 136967 | 0 | 51237 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1444639 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 354973 | TotalOtherCompensation |
| Number Individuals GT100 K | 5 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Fundraising Events | 3321214 | FundraisingEvents |
| All Other Contributions | 7986657 | AllOtherContributions |
| Noncash Contributions | 442006 | NoncashContributions |
| Total Contributions | 11307871 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 260732 | TotalRevenueColumn |
| Related Or Exempt Function Income | 260732 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 280080 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 3321214 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 280080 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER REVENUE | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 95 | TotalRevenueColumn |
| Related Or Exempt Function Income | 95 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 95 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 11568698 | TotalRevenueColumn |
| Related Or Exempt Function Income | 260827 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1799612 | Total |
| Program Services | 1487199 | ProgramServices |
| Management And General | 130112 | ManagementAndGeneral |
| Fundraising | 182301 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3849707 | Total |
| Program Services | 3181475 | ProgramServices |
| Management And General | 278215 | ManagementAndGeneral |
| Fundraising | 390017 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 104183 | Total |
| Program Services | 86097 | ProgramServices |
| Management And General | 7532 | ManagementAndGeneral |
| Fundraising | 10554 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 364349 | Total |
| Program Services | 301098 | ProgramServices |
| Management And General | 26342 | ManagementAndGeneral |
| Fundraising | 36909 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 364618 | Total |
| Program Services | 301320 | ProgramServices |
| Management And General | 26362 | ManagementAndGeneral |
| Fundraising | 36936 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 29750 | Total |
| Program Services | 7816 | ProgramServices |
| Management And General | 8245 | ManagementAndGeneral |
| Fundraising | 13689 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 117706 | Total |
| Program Services | 30604 | ProgramServices |
| Management And General | 31781 | ManagementAndGeneral |
| Fundraising | 55321 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 463941 | Total |
| Program Services | 294012 | ProgramServices |
| Management And General | 53937 | ManagementAndGeneral |
| Fundraising | 115992 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 260501 | Total |
| Program Services | 212360 | ProgramServices |
| Management And General | 15200 | ManagementAndGeneral |
| Fundraising | 32941 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 653958 | Total |
| Program Services | 626319 | ProgramServices |
| Management And General | 13366 | ManagementAndGeneral |
| Fundraising | 14273 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 92952 | Total |
| Program Services | 80364 | ProgramServices |
| Management And General | 3096 | ManagementAndGeneral |
| Fundraising | 9492 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9475 | Total |
| Program Services | 7710 | ProgramServices |
| Management And General | 1310 | ManagementAndGeneral |
| Fundraising | 455 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 184775 | Total |
| Program Services | 155211 | ProgramServices |
| Management And General | 12934 | ManagementAndGeneral |
| Fundraising | 16630 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 60102 | Total |
| Management And General | 60102 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| INSTRUCTION EXPENSE | 585271 | 585271 | ||
| OTHER | 334830 | 141146 | 174929 | 18755 |
| LEADSHIP DEVELOPMENT | 332216 | 332216 | ||
| COST OF COUNSELLING | 331427 | 331427 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 280591 | Total |
| Program Services | 280591 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10219964 | Total |
| Program Services | 8442236 | ProgramServices |
| Management And General | 843463 | ManagementAndGeneral |
| Fundraising | 934265 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2600 | BOY |
| EOY | 1900 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3580839 | BOY |
| EOY | 3564621 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2080539 | BOY |
| EOY | 2910635 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 344639 | BOY |
| EOY | 410688 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 6255537 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 3730561 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2673686 | BOY |
| EOY | 2524976 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17574682 | BOY |
| EOY | 18667852 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9928059 | BOY |
| EOY | 12732551 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3077 | BOY |
| EOY | 35678 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 36188121 | BOY |
| EOY | 40848901 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 553027 | BOY |
| EOY | 492648 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1325174 | BOY |
| EOY | 1261503 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1878201 | BOY |
| EOY | 1754151 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31923334 | BOY |
| EOY | 35280062 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1178339 | BOY |
| EOY | 2596441 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1208247 | BOY |
| EOY | 1218247 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34309920 | BOY |
| EOY | 39094750 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 36188121 | BOY |
| EOY | 40848901 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 1348734 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 3436096 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 8300878 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 9604837 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 9604624 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 10934339 | CurrentTaxYearMinus1Year |
| Current Tax Year | 11307871 | CurrentTaxYear |
| Total | 49752549 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 8300878 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 9604837 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 9604624 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 10934339 | CurrentTaxYearMinus1Year |
| Current Tax Year | 11307871 | CurrentTaxYear |
| Total | 49752549 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 3752733 | AmountsSubstContributorsTotal |
| Public Support Total170 | 45999816 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 579336 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 316656 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 190328 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 173561 | CurrentTaxYearMinus1Year |
| Current Tax Year | 260732 | CurrentTaxYear |
| Total | 1520613 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 51273162 | TotalSupport |
| Gross Receipts From Admissions Etc | 1232508 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.89720 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.83760 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 27728516 | BeginningOfYearBalance |
| Contributions | 11000 | Contributions |
| Investment Earnings Or Losses | 3954223 | InvestmentEarningsOrLosses |
| Other Expenditures | -40619 | OtherExpenditures |
| Administrative Expenses | -257397 | AdministrativeExpenses |
| End Of Year Balance | 31395723 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 27276587 | BeginningOfYearBalance |
| Contributions | 1114181 | Contributions |
| Investment Earnings Or Losses | -460161 | InvestmentEarningsOrLosses |
| Other Expenditures | -34226 | OtherExpenditures |
| Administrative Expenses | -167865 | AdministrativeExpenses |
| End Of Year Balance | 27728516 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 23636611 | BeginningOfYearBalance |
| Contributions | 530335 | Contributions |
| Investment Earnings Or Losses | 3272632 | InvestmentEarningsOrLosses |
| Other Expenditures | -28614 | OtherExpenditures |
| Administrative Expenses | -134377 | AdministrativeExpenses |
| End Of Year Balance | 27276587 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 21201142 | BeginningOfYearBalance |
| Contributions | 25486 | Contributions |
| Investment Earnings Or Losses | 2485395 | InvestmentEarningsOrLosses |
| Administrative Expenses | -75412 | AdministrativeExpenses |
| End Of Year Balance | 23636611 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 25123194 | BeginningOfYearBalance |
| Investment Earnings Or Losses | -2965283 | InvestmentEarningsOrLosses |
| Other Expenditures | -850000 | OtherExpenditures |
| Administrative Expenses | -106769 | AdministrativeExpenses |
| End Of Year Balance | 21201142 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 492750 | InvestmentCostOrOtherBasis |
| Book Value | 492750 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 3619511 | InvestmentCostOrOtherBasis |
| Depreciation | 1686931 | Depreciation |
| Book Value | 1932580 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 2143276 | InvestmentCostOrOtherBasis |
| Depreciation | 2043630 | Depreciation |
| Book Value | 99646 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 2524976 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ALTERNATIVE INVESTMENTS | Description |
| Book Value | 12732551 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 12732551 | TotalOfBookValueSecurities |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 11853898 | TotRevenueEtcAuditedFinclStmt |
| Donated Srvc And Use Of Facilities | 285200 | DonatedSrvcAndUseOfFacilities |
| Revenue Not Rptd F990 | 285200 | RevenueNotRptdF990 |
| Revenue Subtotal | 11568698 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 11568698 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 10505164 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 285200 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 285200 | ExpensesNotRptdF990 |
| Expenses Subtotal | 10219964 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 10219964 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | BOARD DESIGNATED FUNDS SERVE AS A BUFFER IN TIMES OF GENERAL ECONOMIC DOWNTURN. THE MEMORIAL ENDOWMENT FUND HONORS STUDENT AND ALUMNI MEMBERS OF THE PREP COMMUNITY WHO HAVE DIED. PERMANENTLY RESTRICTED FUNDS ARE SUBJECT TO RESTRICTIONS BY DONORS. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X, LINE 2: | THE ORGANIZATION APPLIES THE PROVISION OF FASB ASC 740, INCOME TAXES. MANAGEMENT HAS CONSIDERED POSSIBLE AREAS OF UNCERTAIN TAX POSITIONS AND POSSIBLE AREAS OF RISK TO ITS TAX-EXEMPT STATUS. MANAGEMENT HAS CONCLUDED THAT THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS AND THAT ITS TAX EXEMPT STATUS WOULD SUSTAIN EXAMINATION. TAX YEARS OF 2010, 2011, 2012 REMAIN OPEN AND ARE SUBJECT TO EXAMINATION. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | CENTRAL AMERICA AND THE CARIBBEAN | Region |
| Number Of Offices | 0 | NumberOfOffices |
| Number Of Employees | 0 | NumberOfEmployees |
| Total Expenditures | 10654304 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 10654304 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 10654304 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | LILAC BALL | NameOfEvent1 |
| Gross Receipts Event1 | 3601294 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 3321214 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 280080 | GrossRevenueEvent1 |
| Other Direct Expenses Event1 | 280080 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 3601294 | GrossReceiptsTotal |
| Charitable Contributions Total | 3321214 | CharitableContributionsTotal |
| Gross Revenue Total Events | 280080 | GrossRevenueTotalEvents |
| Other Direct Expenses Total Events | 280080 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 280080 | DirectExpenseSummaryEvents |
| Net Income Summary | 0 | NetIncomeSummary |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (6 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AILEEN HEFFERREN | ||||||||||||||
| CHIEF EXECUTIVE | 287250 | 0 | 0 | 0 | 0 | 0 | 57830 | 0 | 26828 | 0 | 371908 | 0 | 0 | 0 |
| ED BOLAND | ||||||||||||||
| VP EXTERNAL AFFAIRS | 192872 | 0 | 0 | 0 | 0 | 0 | 16917 | 0 | 9044 | 0 | 218833 | 0 | 0 | 0 |
| PETER BORDONARO | ||||||||||||||
| DEPUTY EXEC. DIRECTOR | 198983 | 0 | 0 | 0 | 0 | 0 | 38837 | 0 | 25434 | 0 | 263254 | 0 | 0 | 0 |
| JONATHAN MILLS | ||||||||||||||
| DIR. FINANCE & ADMIN. | 169832 | 0 | 0 | 0 | 0 | 0 | 21485 | 0 | 12127 | 0 | 203444 | 0 | 0 | 0 |
| MARIE URSINO | ||||||||||||||
| DIR. OF COUNSELING | 151116 | 0 | 0 | 0 | 0 | 0 | 16880 | 0 | 9641 | 0 | 177637 | 0 | 0 | 0 |
| DOMINIC MICHEL | ||||||||||||||
| ASSOC. EXEC. DIRECTOR | 136967 | 0 | 0 | 0 | 0 | 0 | 26888 | 0 | 24349 | 0 | 188204 | 0 | 0 | 0 |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (3 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| KATHRYN BORDONARO | |||
| SPOUSE OF KEY EMPLOYEE | 99859 | EMPLOYMENT | 0 |
| SAMUEL J ZALUTSKY | |||
| SPOUSE OF KEY EMPLOYEE | 6000 | INDEPENDENT CONTRACTOR ARRANGEMENT | 0 |
| MICHAEL BORDONARO | |||
| SON OF KEY EMPLOYEE | 4305 | EMPLOYMENT | 0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 20 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 442006 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | THIRD PARTY USE: | Identifier |
| Return Reference | PART I, LINE 32B: | ReturnReference |
| Explanation | GIFTS OF SHARES OF STOCK ARE RECEIVED ON PREP'S BEHALF BY MERRILL LYNCH AND ARE SOLD AS SOON AS PREP IS NOTIFIED OF RECEIPT. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| FORM 990, PART I, LINE 6 | PREP STUDENTS AND ALUMNNI VOLUNTEER IN THE PREP ADMISSIONS OFFICE, WORKING WITH PROSPECTIVE APPLICANTS AND THEIR PARENTS DURING THE RECRUITMENT AND APPLICATION PROCESS. PREP GRADS, OR STUDENTS WHO HAVE COMPLETED 8TH GRADE IN THEIR INDEPENDENT SCHOOLS, SERVE AS VOLUNTEERS DURING THE PREPARATORY COMPONENT SUMMER SESSION BY ASSISTING WITH ATTENDANCE, TELEPHONE CALLS, AND THE COLLECTION AND DISTRIBUTION OF LUNCHES, MAILINGS, BOOKS AND NOTICES. (APPROXIMATE TOTAL NUMBER OF VOLUNTEERS FOR ADMISSIONS AND PREPARATORY COMPONENT: 90.)PREP FOR PREP ALSO USES VOLUNTEERS IN ORDER TO FACILITATE ITS PROFESSIONAL ADVANCEMENT INITIATIVES, WHICH EXPOSE PREP HIGH SCHOOL STUDENTS AND UNDERGRADUATES TO A RANGE OF CAREER OPTIONS THEY MIGHT NOT OTHERWISE HAVE CONSIDERED. THESE INITIATIVES INCLUDE CAREER PATHS PLUS, SUMMER JOBS BANK, AND THE PREP FOR PREP INSTITUTE FOR ENTREPRENEURSHIP. VOLUNTEERS HELP PREPARE STUDENTS FOR SUMMER INTERNSHIPS BY CONDUCTING MOCK INTERVIEWS FOR HIGH SCHOOL STUDENTS. THROUGH THE INSTITUTE FOR ENTREPRENEURSHIP, VOLUNTEERS SERVE AS BUSINESS PLAN ADVISORS AND FINAL COMPETITION JUDGES. PREP ALSO USES VOLUNTEERS TO SERVE AS CAREER SEMINAR SERIES PANELISTS. (APPROXIMATE TOTAL NUMBER OF VOLUNTEERS FOR PROFESSIONAL ADVANCEMENT: 100.) BOARD AND ASSOCIATES COUNCIL MEMBERS VOLUNTEER THEIR TIME AND PROFESSIONAL EXPERIENCE TO ATTEND PANELS AND LEVERAGE THEIR CONTACTS. (TOTAL NUMBER OF BOARD AND ASSOCIATES COUNCIL MEMBERS: 75.) IN ADDITION, APPROXIMATELY 25 PREP ALUMNI VOLUNTEER THEIR TIME TO HELP RUN PREPS ANNUAL GIVING CAMPAIGN. |
| FORM 990, PART VI, SECTION A, LINE 2 | TWO PAIRS OF TRUSTEES ARE FAMILY RELATED. TWELVE TRUSTEES HAVE BUSINESS RELATIONSHIPS DEFINED AS FOLLOWS: FOUR TRUSTEES HAVE A SHARED OWNERSHIP INTEREST; FOUR PAIRS OF TRUSTEES AND THREE OTHER TRUSTEES ARE EMPLOYED BY THE SAME ORGANIZATIONS. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE 990 HAS BEEN REVIEWED AND APPROVED BY THE TREASURER AND THE FINANCE COMMITTEE AND HAS BEEN PROVIDED TO THE EXECUTIVE COMMITTEE FOR REVIEW. |
| FORM 990, PART VI, SECTION B, LINE 12C | IN DISCHARGING ITS OVERSIGHT RESPONSIBILITIES, THE FINANCE COMMITTEE IS EMPOWERED TO INVESTIGATE ANY MATTER BROUGHT TO ITS ATTENTION WITH FULL ACCESS TO ALL BOOKS, RECORDS, FACILITIES AND PERSONNEL OF PREP. IN KEEPING WITH ITS CHARTER, THE FINANCE COMMITTEE ANNUALLY REVIEWS AND DISCUSSES WITH MANAGEMENT AND THE INDEPENDENT AUDITORS THE ADEQUACY AND EFFECTIVENESS OF PREP'S LEGAL, REGULATORY AND ETHICS COMPLIANCE PROGRAMS, INCLUDING PREP'S CODE OF BUSINESS CONDUCT |
| FORM 990, PART VI, SECTION B, LINE 15 | THE STAFF RECRUITMENT AND COMPENSATION COMMITTEE OF THE BOARD ASSISTS THE EXECUTIVE COMMITTEE OF THE BOARD IN FULFILLING ITS RESPONSIBILITY FOR DETERMINING COMPENSATION OF SENIOR MANAGEMENT. COMMITTEE MEMBERS ARE INDEPENDENT AND RECEIVE NO COMPENSATION FOR THEIR SERVICE ON THE COMMITTEE. THE COMMITTEE REVIEWS THE COMPENSATION OF THE CHIEF EXECUTIVE AND EXECUTIVE STAFF EACH YEAR AND RECOMMENDS CHANGES OR ADJUSTMENTS TO THE EXECUTIVE COMMITTEE. REVIEW INCLUDES PERIODIC USE OF COMPARABILITY DATA AND RETENTION OF OUTSIDE EXPERTS AND OTHER ADVISORS. |
| 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. |
| THE PROCESS HAS NOT BEEN CHANGED. |
Comments