2026-04-02T16:40:59-05:00 2025-06-30 161092347 MENGEL METZGER BARR & CO LLP 370 WOODCLIFF DRIVE SUITE 2A FAIRPORT NY 14450 990 2024-07-01 264646416 PUBLIC PREPARATORY NETWORK INC PUBL 2123466000 192 EAST 151ST STREET 1ST FLOOR BRONX NY 10451 MARK DIKER CHAIR 2123466000 2026-03-18 1 1 JACQUELINE B LEE CPA P00842765 5854231860 2026-03-18 2024 2025-03-06 01:10:19Z MARK DIKER 192 EAST 151ST STREET 1ST FLOOR BRONX NY 10451 8052339 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. 3 3 46 3 0 0 358655 409210 4478818 5106548 1205 73 0 2536508 4838678 8052339 0 356300 0 0 4732747 3255202 0 0 198910 2004610 1460966 6737357 5072468 -1898679 2979871 451178 1169139 2838411 576501 -2387233 592638 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 3964349 356300 5141138 CHARTER SCHOOL MARKETING/RECRUITMENT, FUNDRAISING AS WELL AS ACADEMIC, ADMINISTRATIVE AND FINANCIAL SUPPORT. 3964349 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 46 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X VIKAS KAUSHAL 2123466000 192 EAST 151ST STREET 1ST FLOOR BRONX NY 10451 MARK DIKER CHAIR 1.00 X X 0 0 0 MARGERY MAYER DIRECTOR 1.00 X 0 0 0 NICOLE KAIL GREENE VICE CHAIR 1.00 X X 0 0 0 JANELLE BRADSHAW CEO-RESIGNED 8/24 41.00 X 354896 0 33773 JEANNEMARIE HENDERSHOT COO - RESIGNED 6/24 40.00 X 115487 0 13608 EMILEE CHRISTOPHER CHIEF OF STAFF-RESIGNED 6/25 40.00 X 298582 0 33278 KEISHA MORRIS MANAGING DIR OF OPS-RESIGNED 1/25 40.00 X 176396 0 0 CAITLIN OMEIS MANAGING DIR OF SFA-RESIGNED 6/25 40.00 X 146321 0 40133 PORSCHE LANDON-HUTTON MANAGING DIR OF ADV-RESIGNED 6/25 40.00 X 161667 0 22423 JESSICA STRONG DIRECTOR OF SP-RESIGNED 6/25 40.00 X 159472 0 18921 SHANICE ADAMS MANAGING DIR OF SCH-RESIGNED 3/24 40.00 X 157572 0 33208 JEFFERY ALER MANAGING DIR OF HR-RESIGNED 6/25 40.00 X 143780 0 18143 1714173 0 213487 12 0 1 0 CHARTER SCHOOL BUSINESS MANAGEMENTFORES 425 EAST 79TH STREET SUITE 1F NEW YORK NY 10075 FINANCIAL MANAGEMENT SERVICES 553579 ACCESS MANAGED BUSINESS SERVICES 1295 SIGSBEE RD MATTITUCK NY 11952 CONSULTING SERVICES 166703 LHH RECRUITMENT SOLUTIONS 4800 DEERWOOD CAMPUS PARKWAY BLDG PALATINE IL 60055 TEMP STAFFING SERVICES 138955 ANDREW H BRAY 1242 SCRUB OAK CIRCLE BOULDER CO 80305 OTHER CONSULTANTS 115000 4 X 409210 409210 MANAGEMENT FEES 611430 5099768 5099768 OTHER INCOME 900099 6780 6780 5106548 73 73 FORGIVENESS OF DEBT 900099 2501918 2501918 BAD DEBT RECOVERY 900099 34590 34590 2536508 8052339 7643056 0 73 X 356300 356300 794546 635636 150964 7946 2075385 1728088 232124 115173 78296 64921 9371 4004 107679 89426 12549 5704 199296 164406 25892 8998 190309 190309 67750 67750 779924 548786 183551 47587 63753 63753 13313 8669 4169 475 67301 50107 14452 2742 6187 5104 804 279 24543 20246 3189 1108 63949 52754 8308 2887 SCHOOL SUPPORT 125743 125141 447 155 TELEPHONE & INTERNET 32723 26995 4251 1477 STAFF DEVELOPMENT 25471 24017 1079 375 5072468 3964349 909209 198910 221619 946832 25619 25692 25000 0 100841 188775 0 0 65032 0 13067 7840 451178 1169139 513251 568326 559132 0 1766028 8175 2838411 576501 X -2542815 592638 155582 0 -2387233 592638 451178 1169139 2979871 0 X X 0 1 X 1 0 X 2012826 1286819 569955 358655 409210 4637465 2012826 1286819 569955 358655 409210 4637465 232233 4405232 10 14 117 654 73 868 4638333 26157532 0.94970 0.93550 X 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 0 LONG-TERM LEASE LIABILITIES - FINANCE 8175 8175 X 8017749 -34590 -34590 8052339 0 8052339 5037878 -34590 -34590 5072468 0 5072468 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. THE ORGANIZATION FILES FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN NEW YORK STATE. 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: BAD DEBT RECOVERY -34,590. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT RECOVERY -34,590. PART VI: THE ORGANIZATION TRANSFERRED PROPERTY AND EQUIPMENT WITH A NET BOOK VALUE OF $45,716 TO PUBLIC PREP CHARTER SCHOOL ACADEMIES (A RELATED 501(C)(3), EIN # 81-0650329) IN PARTIAL SATISFACTION OF RELATED PARTY PAYABLES. THE REMAINING ASSETS NO LONGER IN USE AND WITH NO REMAINING NET BOOK VALUE WERE WRITTEN OFF EFFECTIVE JUNE 30, 2025. 1 PUBLIC PREP CHARTER SCHOOL ACADEMIES 192 EAST 151ST STREET 1ST FLOOR BRONX NY 10451 810650329 501(C)(3) 352800 0 SUMMER BOOST PUBLIC PREP CHARTER SCHOOL ACADEMIES 192 EAST 151ST STREET 1ST FLOOR BRONX NY 10451 810650329 501(C)(3) 3500 0 AFTERSCHOOL GRANT 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. PPN IS INVOLVED IN THE DAILY OPERATIONS OF PPA AND THEREFORE MONITORS PPA'S RECORDS AND PROCEDURES. X 1 0 0 0 0 0 0 0 0 JANELLE BRADSHAW CEO-RESIGNED 8/24 229096 0 0 0 125800 0 11919 0 21854 0 388669 0 0 0 EMILEE CHRISTOPHER CHIEF OF STAFF-RESIGNED 6/25 298582 0 0 0 0 0 13679 0 19599 0 331860 0 0 0 SHANICE ADAMS MANAGING DIR OF SCH-RESIGNED 3/24 157572 0 0 0 0 0 7871 0 25337 0 190780 0 0 0 CAITLIN OMEIS MANAGING DIR OF SFA-RESIGNED 6/25 146321 0 0 0 0 0 7892 0 32241 0 186454 0 0 0 PORSCHE LANDON-HUTTON MANAGING DIR OF ADV-RESIGNED 6/25 161667 0 0 0 0 0 0 0 22423 0 184090 0 0 0 JESSICA STRONG DIRECTOR OF SP-RESIGNED 6/25 159472 0 0 0 0 0 8219 0 10702 0 178393 0 0 0 KEISHA MORRIS MANAGING DIR OF OPS-RESIGNED 1/25 176396 0 0 0 0 0 0 0 0 0 176396 0 0 0 JEFFERY ALER MANAGING DIR OF HR-RESIGNED 6/25 143780 0 0 0 0 0 7441 0 10702 0 161923 0 0 0 PART I, LINE 4A EFFECTIVE IN AUGUST 2024, THE ORGANIZATION ENTERED INTO A SEPARATION AGREEMENT WITH JANELLE BRADSHAW, WHO WAS THE CEO. THE SEPARATION AGREEMENT WAS PUT IN PLACE OUTLINING SEVERANCE BENEFITS THAT THE ORGANIZATION 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 THE ORGANIZATION 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 THE ORGANIZATION'S REGULAR PAYROLL SCHEDULE. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY MANAGEMENT AND THEN REVIEWED AND APPROVED BY THE BOARD BEFORE SUBMISSION TO THE APPROPRIATE TAXING AUTHORITIES. 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 DURING REGULAR BUSINESS HOURS AND CAN BE PRESENTED UPON REQUEST. FORM 990, PART VIII, LINE 8: FORGIVENESS OF DEBT DURING THE TAX YEAR, THE ORGANIZATION RECEIVED NET FORGIVENESS OF DEBT TOTALING $ 2,501,918. THIS AMOUNT HAS BEEN RECORDED AS OTHER REVENUE IN PART VIII, LINE 8 OF FORM 990. THE LIABILITY ASSOCIATED WITH THE FORGIVEN DEBT WAS REMOVED FROM THE BALANCE SHEET IN PART X, AND THE CORRESPONDING INCREASE IN NET ASSETS IS REFLECTED IN PART XI. THE FORGIVENESS WAS UNCONDITIONAL AND NOT CONTINGENT UPON FUTURE SERVICES OR PERFORMANCE. THE ORGANIZATION CONSIDERS THIS TRANSACTION TO BE REVENUE RATHER THAN A CONTRIBUTION, IN ACCORDANCE WITH APPLICABLE ACCOUNTING STANDARDS AND IRS REPORTING GUIDELINES. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL AND CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 548,786. MANAGEMENT AND GENERAL EXPENSES 183,551. FUNDRAISING EXPENSES 47,587. TOTAL EXPENSES 779,924. FORM 990, PART XII, LINE 2C THE BOARD HAS NOT CHANGED ITS PROCESS FOR SELECTING THE INDEPENDENT AUDITOR NOR HAVE THEY CHANGED THE OVERSIGHT OF THE AUDIT FROM PRIOR YEARS.