FRIENDS OF GIRLS PREPARATORY CHARTER SCHOOL OF NEW YORK INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
FRIENDS OF GIRLS PREPARATORY CHARTER SCHOOL OF NEW YORK INC (EIN 73-1684599)
Tax period
2024-07-01 to 2025-06-30
Filed
2026-04-06
IRS object ID
202600969349300535
Schema version
2024v5.5
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 ReturnHeader

FieldValueIRS element (for citing)
Return2026-04-06T14:59:30-05:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN161092347PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MENGEL METZGER BARR & CO LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1370 WOODCLIFF DRIVE SUITE 2AAddressLine1Txt
CityFAIRPORTCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14450ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN731684599EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FRIENDS OF PUBLIC PREP ACADEMIES INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFRIEBusinessNameControlTxt
Phone7188820231PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1192 EAST 151 STREET 1ST FLOORAddressLine1Txt
CityBRONXCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10451ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARK DIKERPersonNm
Person TitleCHAIRPersonTitleTxt
Phone7188820231PhoneNum
Signature2026-03-18SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJACQUELINE B LEE CPAPreparerPersonNm
PTINP00842765PTIN
Phone5854231860PhoneNum
Preparation2026-03-18PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMARK DIKERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1192 EAST 151 STREET 1ST FLOORAddressLine1Txt
CityBRONXCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10451ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$13,576,700GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.PUBLICPREP.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2004FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionFRIENDS OF PUBLIC PREP ACADEMIES INC WAS ORGANIZED TO CREATE GIRLS PREP CHARTER SCHOOL OF NY (NOW KNOWN AS PUBLIC PREP CHARTER SCHOOL ACADEMIES), SUPPORT THE SCHOOL AND ITS STUDENTS, AND MAKE CONTRIBUTIONS TO THE SCHOOL, WITH THE GOAL OF PROMOTING EDUCATIONAL ACHIEVEMENT.ActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers3TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$14,461CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$1,453CYInvestmentIncomeAmt
PY Other Revenue$1,159,954PYOtherRevenueAmt
CY Other Revenue$2,156,189CYOtherRevenueAmt
PY Total Revenue$1,159,954PYTotalRevenueAmt
CY Total Revenue$2,172,103CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$322PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$24,708CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$250,978PYOtherExpensesAmt
CY Other Expenses$665,413CYOtherExpensesAmt
PY Total Expenses$251,300PYTotalExpensesAmt
CY Total Expenses$690,121CYTotalExpensesAmt
PY Revenues Less Expenses$908,654PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,481,982CYRevenuesLessExpensesAmt
Total Assets BOY$75,267,342TotalAssetsBOYAmt
Total Assets EOY$167,307,528TotalAssetsEOYAmt
Total Liabilities BOY$74,513,773TotalLiabilitiesBOYAmt
Total Liabilities EOY$165,071,977TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$753,569NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,235,551NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionFRIENDS OF PUBLIC PREP ACADEMIES INC WAS ORGANIZED TO CREATE GIRLS PREP CHARTER SCHOOL OF NY (NOW KNOWN AS PUBLIC PREP CHARTER SCHOOL ACADEMIES), SUPPORT THE SCHOOL AND ITS STUDENTS, AND MAKE CONTRIBUTIONS TO THE SCHOOL, WITH THE GOAL OF PROMOTING EDUCATIONAL ACHIEVEMENT.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$324,114ExpenseAmt
Revenue$2,127,064RevenueAmt
DescFRIENDS OF PUBLIC PREP ACADEMIES INC'S PURPOSE IS TO SUPPORT PUBLIC PREP CHARTER SCHOOL ACADEMIES, ITS AFFILIATE. PUBLIC PREP CHARTER SCHOOL ACADEMIES (PPA) IS A PUBLIC CHARTER SCHOOL EDUCATION CORP. FRIENDS OF PUBLIC PREP ACADEMIES ASSISTS PPA IN OBTAINING ADEQUATE FACILITIES IN WHICH TO OPERATE ITS SCHOOLS.Desc
Total Program Service Expenses$324,114TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control Ent0TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document10IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1VIKAS KAUSHAL CHIEF FINANCIAL OFFICERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7188820231PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1192 EAST 151 STREET 1ST FLOORAddressLine1Txt
CityBRONXCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10451ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (4 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
LAURA WEIL
SECRETARY1.001.00Yes (X)Yes (X)$0$0$0
MARK DIKER
CHAIR1.00Yes (X)Yes (X)$0$0$0
MARGERY MAYER
DIRECTOR1.00Yes (X)$0$0$0
JANELLE BRADSHAW
CEO, PPN THRU AUG 20241.0041.00Yes (X)$0$354,896$33,773
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$354,896TotReportableCompRltdOrgAmt
Total Other Compensation$33,773TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
PROFESSIONAL CHARTER SOLUTIONS INC
PO BOX 568BRONXNY10465SECURITY$281,960
PROCLEAN MAINTENANCE SYSTEMS INC
79 ALEXANDER AVENUE B10BRONXNY10454CUSTODIAL SERVICES$241,571
L&M SIGNS
62 PARSIPPANY BLVDBOONTONNJ07005PROFESSIONAL DESIGN SERVICES$161,605
ABOUT THE WORK
40 EXCHANGE PLACE SUITE 1405NEW YORKNY10005PROJECT MANAGEMENT CONSULTING$106,000
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt
Government Grants$14,461GovernmentGrantsAmt
Total Contributions$14,461TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,453TotalRevenueColumnAmt
Exclusion$1,453ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$13,530,208RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$11,404,597RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$2,125,611RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,125,611TotalRevenueColumnAmt
Related Or Exempt Func Income$2,125,611RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescFORGIVENESS OF RELATED PARTY DEBTDesc
Business900099BusinessCd
Total Revenue Column$30,578TotalRevenueColumnAmt
Related Or Exempt Func Income$30,578RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$30,578OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,172,103TotalRevenueColumnAmt
Related Or Exempt Func Income$2,156,189RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$1,453ExclusionAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$24,708TotalAmt
Program Services$24,708ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$195,327TotalAmt
Program Services$195,327ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$11,802TotalAmt
Management And General$11,802ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$13,180TotalAmt
Management And General$13,180ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$9,689TotalAmt
Management And General$9,689ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$2,274TotalAmt
Program Services$2,274ProgramServicesAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtProgram ServicesProgramServicesAmt
OTHER$331,336$331,336
EQUIPMENT / FURNISHINGS$101,397$101,397
STAFF DEVELOPMENT$408$408

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$690,121TotalAmt
Program Services$324,114ProgramServicesAmt
Management And General$366,007ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,023,802BOYAmt
EOY$1,513,253EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,592,127BOYAmt
EOY$7,657,036EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$950,280BOYAmt
EOY$950,280EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$224,740BOYAmt
EOY$281,991EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$17,173,525LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$3,047,870LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$14,697,659BOYAmt
EOY$14,125,655EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$54,778,734BOYAmt
EOY$142,779,313EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$75,267,342BOYAmt
EOY$167,307,528EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$853,044BOYAmt
EOY$1,111,334EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$6,130,743BOYAmt
EOY$5,994,798EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$67,529,986BOYAmt
EOY$157,965,845EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$74,513,773BOYAmt
EOY$165,071,977EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$753,569BOYAmt
EOY$2,235,551EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$753,569BOYAmt
EOY$2,235,551EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$75,267,342BOYAmt
EOY$167,307,528EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,481,982ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type1Yes (X)SupportingOrgType1Ind
Supported Organizations1SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp

Supported Organization Name SupportedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1PUBLIC PREP CHARTER SCHOOL ACADEMIESBusinessNameLine1Txt
FieldValueIRS element (for citing)
EIN810650329EIN
Organization Type2OrganizationTypeCd
Governing Document ListedYes (1)GoverningDocumentListedInd
Support$0SupportAmt
Other Support$0OtherSupportAmt
FieldValueIRS element (for citing)
Supported Organizations Total1SupportedOrganizationsTotalCnt
Support Sum$0SupportSumAmt
Other Support Sum$0OtherSupportSumAmt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (1)ListedByNameGoverningDocInd
Suprt Org No IRS Determination0SuprtOrgNoIRSDeterminationInd
Supported Org Section C4560SupportedOrgSectionC456Ind
Supported Org Not Organized US0SupportedOrgNotOrganizedUSInd
Organization Change Suprt Org0OrganizationChangeSuprtOrgInd
Support Non Supported Org0SupportNonSupportedOrgInd
Payment Substantial Contribtr0PaymentSubstantialContribtrInd
Loan Disqualified Person0LoanDisqualifiedPersonInd
Controlled Disqualified Prsn0ControlledDisqualifiedPrsnInd
Disqualified Prsn Controll Int0DisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr Int0DisqualifiedPrsnOwnrIntInd
Excess Business Holdings Rules0ExcessBusinessHoldingsRulesInd
Contribution Controller0ContributionControllerInd
Contribution Family0ContributionFamilyInd
Contribution35 Controlled0Contribution35ControlledInd

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

FieldValueIRS element (for citing)
Power Appoint Majority Dir TrstYes (1)PowerAppointMajorityDirTrstInd
Operate Benefit Non Suprt Org0OperateBenefitNonSuprtOrgInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$17,098,095OtherCostOrOtherBasisAmt
Depreciation$3,022,614DepreciationAmt
Book Value$14,075,481BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$39,445OtherCostOrOtherBasisAmt
Depreciation$5,597DepreciationAmt
Book Value$33,848BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$35,985OtherCostOrOtherBasisAmt
Depreciation$19,659DepreciationAmt
Book Value$16,326BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$14,125,655TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
SECURITY DEPOSITS$489,220
RIGHT-OF-USE ASSETS - OPERATING$142,290,093
FieldValueIRS element (for citing)
Total Book Value Other Assets$142,779,313TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
DUE TO RELATED PARTY$8,050,669
LEASE LIABILITIES - OPERATING$149,915,176
FieldValueIRS element (for citing)
Total Liability$157,965,845TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$13,576,700TotalRevEtcAuditedFinclStmtAmt
Other Revenue$11,404,597OtherRevenueAmt
Revenue Not Reported$11,404,597RevenueNotReportedAmt
Revenue Subtotal$2,172,103RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,172,103TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$12,094,718TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$11,404,597OtherExpensesIncludedAmt
Expenses Not Reported$11,404,597ExpensesNotReportedAmt
Expenses Subtotal$690,121ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$690,121TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE ORGANIZATION IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE REGULATIONS AND, ACCORDINGLY, IS EXEMPT FROM FEDERAL AND STATE TAXES ON INCOME. PUBLIC PREP ACADEMIES AND FRIENDS FILE FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. IN ADDITION, FRIENDS FILES IN NEW YORK. THE ORGANIZATION'S CURRENT AND PRIOR THREE YEARS TAX RETURNS REMAIN SUBJECT TO REVIEW BY TAXING AUTHORITIES. 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 RENTAL EXPENSES RECORDED ON PART VIII 11,404,597.
PART XII, LINE 2D - OTHER ADJUSTMENTS:DIRECT RENTAL EXPENSES RECORDED ON PART VIII 11,404,597.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance PaymentYes (1)SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonJANELLE BRADSHAWPersonNm
TitleCEO, PPN THRU AUG 2024TitleTxt
Base Compensation Filing Org$0BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$229,096CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$125,800OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$0DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$11,919DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$0NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$21,854NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$0TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$388,669TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 4AFormAndLineReferenceDesc
ExplanationEFFECTIVE IN AUGUST 2024, PUBLIC PREPARATORY NETWORK, INC. ENTERED INTO A SEPARATION AGREEMENT WITH JANELLE BRADSHAW, WHO WAS THE CEO. THE SEPARATION AGREEMENT WAS PUT IN PLACE OUTLINING SEVERANCE BENEFITS THAT PUBLIC PREPARATORY NETWORK, INC. WOULD BE PROVIDING DURING THE FOLLOWING TEN MONTHS (THE "SEVERANCE PERIOD") WHICH INCLUDED - -- TERMINATION OF GROUP HEALTH AND DENTAL INSURANCE COVERAGE. -- ABILITY TO CONTINUE INSURANCE COVERAGE UNDER COBRA DURING THE SEVERANCE PERIOD DURING WHICH PUBLIC PREPARATORY NETWORK, INC. WILL PAY ONE HUNDRED PERCENT OF THE MONTHLY PREMIUMS. -- WILL PROVIDE SEVERANCE PAY IN FORM OF A SALARY CONTINUATION FOR A PERIOD OF UP TO TEN MONTHS PAID OUT AT THE FORMER CEO'S THEN-CURRENT BASE SALARY IN ACCORDANCE TO PUBLIC PREPARATORY NETWORK'S REGULAR PAYROLL SCHEDULE.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3THE ORGANIZATION DELEGATES CERTAIN MANAGEMENT RESPONSIBILTIES TO PUBLIC PREPARATORY NETWORK, INC., A 501(C)(3) TAX-EXEMPT ORGANIZATION. TWO OF THE THREE MEMBERS OF THE FOPP'S GOVERNING BODY ALSO SERVE ON THE GOVERNING BODY OF PPN. THE ORGANIZATIONS DO NOT HAVE ANY OWNERSHIP OR ECONOMIC INTEREST IN ONE ANOTHER, AND OPERATE INDEPENDENTLY. ACCORDINGLY, THE ORGANIZATIONS ARE NOT CONSIDERED RELATED FOR FINANCIAL REPORTING OR FORM 990 PURPOSES. THE ORGANIZATION DOES NOT PAY JANELLE BRADSHAW FOR HER SERVICES AS AN OFFICER OF THE ORGANIZATION. THE AMOUNTS LISTED ON PART VII, SECTION A REPRESENT AMOUNTS PAID BY PUBLIC PREPARATORY NETWORK, INC. TO JANELLE BRADSHAW FOR SERVICES PERFORMED AS AN EMPLOYEE OF PUBLIC PREPARATORY NETWORK, INC.
FORM 990, PART VI, SECTION B, LINE 11BTHE 990 IS PREPARED WITH THE ASSISTANCE OF THE FINANCIAL CONSULTANT AND REVIEWED BY THE CFO. THE FINANCE COMMITTEE REVIEWS THE DRAFT 990 BEFORE IT IS FILED. THE ENTIRE FORM 990 IS EMAILED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CALL NEW 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 C, LINE 19THESE DOCUMENTS ARE LOCATED AT THE ORGANIZATION AND ARE AVAILABLE UPON REQUEST.
FORM 990, PART XII, LINE 2C EXPLANATIONTHE BOARD HAS NOT CHANGED ITS PROCESS FOR SELECTING THE INDEPENDENT AUDITOR NOR HAVE THEY CHANGED THE OVERSIGHT OF THE AUDIT FROM PRIOR YEARS.
FORM 990, PART IX, LINE 11A EXPLANATIONEMPLOYEES OF PPA SPEND PART OF THEIR TIME DOING WORK FOR FOPPA. THE EMPLOYEES RECEIVE THEIR W2S FROM PPA AND FOPPA REIMBURSES PPA FOR THEIR TIME WORKING ON FOPPA.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1GIRLS PREP BRONX II LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1192 EAST 151ST STREET FLOOR 5AddressLine1Txt
CityBRONXCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10451ZIPCd
FieldValueIRS element (for citing)
Primary ActivitiesREAL ESTATE HOLDING COMPANYPrimaryActivitiesTxt
Legal Domicile StateNYLegalDomicileStateCd
Total Income$6,883,012TotalIncomeAmt
End Of Year Assets$4,600,000EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1FRIENDS OF PUBLIC PREP ACADEMIES INCBusinessNameLine1Txt

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1PUBLIC PREP CHARTER SCHOOL ACADEMIESBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1192 EAST 151ST STAddressLine1Txt
CityBRONXCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10451ZIPCd
FieldValueIRS element (for citing)
EIN810650329EIN
Primary ActivitiesCHARTER SCHOOLPrimaryActivitiesTxt
Legal Domicile StateNYLegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity StatusLINE 2PublicCharityStatusTxt
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (1)LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth OrgYes (1)RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
PUBLIC PREP CHARTER SCHOOL ACADEMIES
J$13,530,208FMV
PUBLIC PREP CHARTER SCHOOL ACADEMIES
E$8,050,669FMV

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.