PREP FOR PREP: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- PREP FOR PREP (EIN 13-2613383)
- Tax period
- 2019-07-01 to 2020-06-30
- Filed
- 2020-11-09
- IRS object ID
- 202043149349304129
- Schema version
- 2019v5.1
- 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 G
- Schedule J
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-09T21:30:23-06:00 | ReturnTs |
| Tax Period End | 2020-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 132781641 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MITCHELL & TITUS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 80 PINE STREET 32 FL | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10005 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 132613383 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PREP FOR PREP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PREP | BusinessNameControlTxt |
| Phone | 2125791390 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 328 WEST 71ST STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100233502 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RUTH JURGENSEN | PersonNm |
| Person Title | CHIEF EXECUTIVE OFFICER | PersonTitleTxt |
| Phone | 2125791390 | PhoneNum |
| Signature | 2020-11-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | FREDERICK E DAVIS JR | PreparerPersonNm |
| PTIN | P00446023 | PTIN |
| Phone | 2127094500 | PhoneNum |
| Preparation | 2020-11-09 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 209.150.43.50 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-11-09 | IPDt |
| IP Tm | 21:23:34 | IPTm |
| IP Timezone | ES | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 0B62EAAA1A95CD301CAFFF7AA91D28B655474A1E | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | RUTH JURGENSEN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 328 WEST 71ST STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100233502 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $9,237,376 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.PREPFORPREP.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1968 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | PREP FOR PREP DEVELOPS ETHICAL AND EFFECTIVE LEADERS WHO REFLECT OUR DIVERSE SOCIETY FOR THE ENDURING BENEFIT OF ALL. AFTER 42 YEARS OF SERVICE, PREP IS NOW MORE THAN 5,000 STUDENTS AND ALUMNI STRONG, CREATING GENERATIONS OF DIVERSE LEADERS WHO ARE INSPIRING CHANGE, SHAPING OUR DEMOCRACY, AND CONTRIBUTING TO AND GROWING OUR GLOBAL ECONOMY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 66 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 66 | VotingMembersIndependentCnt |
| Total Employee | 256 | TotalEmployeeCnt |
| Total Volunteers | 504 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $8,084,679 | PYContributionsGrantsAmt |
| CY Contributions Grants | $8,359,335 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $597,296 | PYInvestmentIncomeAmt |
| CY Investment Income | $772,110 | CYInvestmentIncomeAmt |
| PY Other Revenue | $16,522 | PYOtherRevenueAmt |
| CY Other Revenue | $873 | CYOtherRevenueAmt |
| PY Total Revenue | $8,698,497 | PYTotalRevenueAmt |
| CY Total Revenue | $9,132,318 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $8,106,974 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $8,192,323 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $559,429 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $4,281,859 | PYOtherExpensesAmt |
| CY Other Expenses | $4,093,992 | CYOtherExpensesAmt |
| PY Total Expenses | $12,388,833 | PYTotalExpensesAmt |
| CY Total Expenses | $12,286,315 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$3,690,336 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$3,153,997 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $60,402,689 | TotalAssetsBOYAmt |
| Total Assets EOY | $56,649,003 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,891,290 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,614,875 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $58,511,399 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $55,034,128 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | PREP FOR PREP DEVELOPS ETHICAL AND EFFECTIVE LEADERS WHO REFLECT OUR DIVERSE SOCIETY FOR THE ENDURING BENEFIT OF ALL. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $3,636,585 | ExpenseAmt |
| Desc | PREPARATORY PROGRAMS: PREP REDEFINES OPPORTUNITY FOR TOP STUDENTS OF COLOR IN NYC PUBLIC SCHOOLS THROUGH EXCEPTIONAL ACADEMIC AND SOCIAL PREPAREDNESS PROGRAMMING -A RIGOROUS 14-MONTH COURSE OF STUDY-THAT RESULTS IN PLACING APPROXIMATELY 200 STUDENTS ANNUALLY IN LEADING NYC INDEPENDENT SCHOOLS (IN 7TH-GRADE) AND NORTHEASTERN BOARDING SCHOOLS (IN 9TH-GRADE). OUR ORGANIZATIONAL BUDGET INVESTMENT IN OUR STUDENTS LEVERAGES ROUGHLY $35 MILLION IN FINANCIAL AID FOR OVER 700 STUDENTS (GRADES 7-12) ANNUALLY COMMITTED BY OUR PARTNER SCHOOLS TO MEET STUDENTS' NEEDS BASED ON FAMILY HOUSEHOLD INCOME. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,464,424 | ExpenseAmt |
| Desc | COUNSELING: PREP PROVIDES INDIVIDUAL COUNSELING FOR APPROXIMATELY 700 STUDENTS ANNUALLY THROUGHOUT THEIR TIME (RANGING FROM 4-6 YEARS) IN INDEPENDENT DAY AND BOARDING SCHOOLS. OUR COUNSELING TEAM MONITORS STUDENTS' ACADEMIC AND SOCIAL-EMOTIONAL PROGRESS AND PROVIDES ASSISTANCE, INCLUDING TUTORING AND EMERGENCY FUND SUPPORT, TO STUDENTS AND THEIR FAMILIES AS NEEDED. THE TEAM WORKS TO EQUIP STUDENTS, WHO ARE ALSO NAVIGATING ADOLESCENCE, TO ADDRESS ISSUES RANGING FROM IMPOSTER SYNDROME TO MICRO-AGGRESSIONS; FROM PERFECTIONISM TO ANXIETY AND DEPRESSION; FROM CULTURAL DIVIDES TO ASSIMILATION AND GENDER IDENTITY. SERVICES AND SUPPORT ARE ALSO MADE AVAILABLE TO APPROXIMATELY 600 COLLEGE STUDENTS ANNUALLY THROUGH OUR UNDERGRADUATE AFFAIRS TEAM. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,664,086 | ExpenseAmt |
| Desc | LEADERSHIP DEVELOPMENT: PREP OFFERS LEADERSHIP DEVELOPMENT AND PROFESSIONAL ADVANCEMENT OPPORTUNITIES DURING HIGH SCHOOL AND COLLEGE TO ROUGHLY 1,300 STUDENTS ANNUALLY. ACTIVITIES INCLUDE: SLEEP-AWAY CAMP; A PREP-SOTHEBY'S PARTNERSHIP FOR OUR SUMMER ARTS ACADEMY; A PREP-GOOGLE PARTNERSHIP FOR OUR INSTITUTE FOR ENTREPRENEURSHIP (IFE); COLLEGE GUIDANCE (INCLUDING CAMPUS VISITS); STUDENT LEADERSHIP RETREATS; SUMMER INTERNSHIPS AND CAREER SEMINARS WITH LEADING FIRMS, COMPANIES, NONPROFITS AND PUBLIC SERVICE AGENCIES; EXPOSURE TO STEM FIELDS AND COMPUTER CODING; TRAVEL ABROAD, INTERNATIONAL LIVING, AND EXPERIENTIAL LEARNING; AND OTHER PROGRAMS AIMED AT EXPANDING STUDENT HORIZONS. THESE OPPORTUNITIES INCREASE STUDENTS' SENSE OF BELONGING, BROADEN UNDERSTANDING OF LIFE'S POSSIBILITIES, AND BUILD A STRONGER SELF-IDENTITY. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,161,647 | ExpenseAmt |
| Desc | TALENT SEARCH: OUR ADMISSIONS TEAM IDENTIFIES 200 STUDENTS FOR ADMISSION TO PREP FOR PREP, SELECTED AMONG NEARLY 4,000 ANNUAL INQUIRIES FROM STUDENTS OF COLOR IN NYC PUBLIC SCHOOLS. THE ADMISSIONS PROCESS IS EXTENSIVE AND HIGHLY COMPETITIVE. STUDENTS ARE CHOSEN FOR THEIR ACADEMIC POTENTIAL AND INTELLECTUAL CAPACITY, THEIR COMMITMENT TO LEARNING AND GROWTH, THEIR COURAGE AND INTEGRITY, THEIR DETERMINATION TO SUCCEED, AND THEIR RESILIENCE.EXPENSES $1,309,935 INCLUDING GRANTS OF $0. REVENUE $0.ALUMNI AFFAIRS: FOR PREP'S ALUMNI, NOW 3,700 STRONG AND GROWING, WE BUILD COMMUNITY THROUGH A VARIETY OF ENGAGEMENT PROGRAMS THAT ENCOURAGE A LIFE-LONG COMMITMENT TO PREP AND ITS MISSION. ONGOING NETWORKING, PROFESSIONAL DEVELOPMENT, AND SOCIAL GATHERINGS, ALONG WITH OPPORTUNITIES TO GIVE BACK THEIR TIME, KNOWLEDGE, AND TREASURE, ENSURE THAT OUR STUDENTS HAVE ROLE MODELS, MENTORS, AND CHAMPIONS TO HELP THEM REACH THEIR FULL POTENTIAL AND FOLLOW IN THE OF THEIR FELLOW ALUMNI.EXPENSES $777,050 INCLUDING GRANTS OF $0. REVENUE $0.EDUCATIONAL EQUITY - EXPERTISE & LEADERSHIP IMPACT: PREP HAS A LONGSTANDING COMMITMENT TO SHARING ITS PROGRAM MODEL AND EXPERIENCE, AND BOASTS A GROWING LIST OF MORE THAN 250 ORGANIZATIONS AND SOCIAL ENTREPRENEURS WHO HAVE BENEFITED FROM OUR KNOWLEDGE, METHODS, AND APPROACHES. ADDITIONALLY, PREP SUPPORTS ITS PARTNER SCHOOLS WITH INFORMATION-SHARING AND PROFESSIONAL ADVICE AND SUPPORT, ALONG WITH RESEARCH TO MAKE CERTAIN THAT OUR STUDENTS ARE FULLY SUPPORTED AND THAT WE ARE ADVANCING RACIAL LITERACY AND ANTI-RACISM TO ENSURE DIVERSITY, EQUITY, AND INCLUSION.EXPENSES $74,662 INCLUDING GRANTS OF $0. REVENUE $0. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $2,161,647 | TotalOtherProgSrvcExpenseAmt |
| Total Program Service Expenses | $9,926,742 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | Yes (1) | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 154 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 256 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 66 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 66 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SHARON MADISON | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2125791390 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 328 WEST 71ST STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100233502 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (78 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| MARTIN LIPTON | ||||||||
| CHAIR EMERITUS (NONVOTING) | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN L VOGELSTEIN | ||||||||
| CHAIR EMERITUS (NONVOTING) | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| SCOTT L BOK | ||||||||
| CHAIRMAN | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| LISA SMITH CASHIN | ||||||||
| PRESIDENT | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| DANIEL M NEIDICH | ||||||||
| EXECUTIVE VICE PRESIDENT | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| FRANK K BYNUM JR | ||||||||
| VICE PRESIDENT | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| MARGARET MUNZER LOEB | ||||||||
| VICE PRESIDENT | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| JAMES R MAHER | ||||||||
| VICE PRESIDENT | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| ERIC A ROTHFELD | ||||||||
| VICE PRESIDENT | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| JOHN H HALL ESQ | ||||||||
| VICE PRESIDENT & SECRETARY | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| SUE MENG | ||||||||
| VICE PRESIDENT & ASST. SEC | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| PETER ANZALONE | ||||||||
| VICE PRESIDENT & TREASURER | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| ARUN ALAGAPPAN | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| HERB ALLEN | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| JOHN ALLMAN | ||||||||
| TRUSTEE, EX-OFF. (NONVOTIN | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| DALE ALLSOPP | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| NICOLE ARNABOLDI | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| CONOR BASTABLE | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| ANSON H BEARD | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| RONALD E BLAYLOCK | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| JORGE CALDERON | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| KENNETH CAPLAN | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| ALEX CLAVEL | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| YAHONNES CLEARY | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| RICHARD D'ALBERT | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| ELIZABETH B DATER | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| KATHRYN M DEANE | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| JAMES P DEMARE | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| ERIC DERFNER | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| PASCAL DESROCHES | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| ALEXANDER R EDLICH | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| PATRICIA FARMAN-FARMAIAN | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| KEVIN FERRO | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| MARK GALANTE | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| JEREMY W GELBER MD | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| CARL D HARNICK | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| NATALIE SWABY HUTCHINSON | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| FRANCIS IDEHEN | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| CHRISTOPHER JAMES | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| ANTHONY KIM | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| ROBIN KRASNY | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| LAURENCE C LEEDS JR | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| JAMES R LEVY | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| FRANK J LOVERRO | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| PAULA KARSTENS MAHONEY | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| JULIE MONACO | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| YVONNE MOREL | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| R TYLER MORSE | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| JONATHAN MOSES | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| JEANNEMARIE OBRIEN | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| CHRISTOPHER ORTEGA | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| SANDY OSBORNE | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| LISSA PERLMAN | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| TREVOR PRICE | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| RICHARD SCHAPS | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| WILLIAM A SHUTZER | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| PEG SULLIVAN | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| MARISA ROSE VAN BOKHORST | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL WEST | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| ANITA VOLZ WIEN | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| BRIAN C WILLE | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| VALDA WITT | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| AMANDA BOSTON | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| KARESSA L CAIN | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| IMANI DAWSON IX | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| KEVIN OTERO XII | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| ROLAND PERSAUD LA II | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| GRIFFIN SCHROEDER | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| RICHARD D'ALBERT | ||||||||
| TRUSTEE | 0.50 | Yes (X) | $0 | $0 | $0 | |||
| AILEEN HEFFERREN | ||||||||
| CHIEF EXECUTIVE | 40.00 | $428,037 | $0 | $46,032 | Yes (X) | |||
| SHARON MADISON | ||||||||
| VP FOR ADMINISTRATION | 40.00 | $194,522 | $0 | $19,237 | Yes (X) | |||
| JACKSON COLLINS | ||||||||
| ASSOCIATE EXECUTIVE DIRECTOR | 40.00 | $200,180 | $0 | $21,199 | Yes (X) | |||
| KERRY GREENE | ||||||||
| VP FOR EXTERNAL AFFAIRS | 40.00 | $232,876 | $0 | $10,002 | Yes (X) | |||
| NIKOLE SMITH | ||||||||
| DIRECTOR OF ACADEMIC PROGRAMS | 40.00 | $160,165 | $0 | $25,529 | Yes (X) | |||
| JOHANNA RODRIGUEZ | ||||||||
| DIRECTOR OF ADMISSIONS | 40.00 | $158,137 | $0 | $22,035 | Yes (X) | |||
| BRANDON HENRIQUEZ | ||||||||
| DIRECTOR OF TECHNOLOGY | 40.00 | $129,936 | $0 | $13,622 | Yes (X) | |||
| CINDY PEREZ | ||||||||
| DIRECTOR OF LEADERSHIP DEVELOPMENT OPPORTUNITIES | 40.00 | $118,303 | $0 | $22,338 | Yes (X) | |||
| IVAN TATIS | ||||||||
| DIRECTOR OF COUNSELING | 40.00 | $102,285 | $0 | $16,621 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,724,441 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $196,615 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 9 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| L&M BUS CORP | |||||
| 3167 ATLANTIC AVENUE | BROOKLYN | NY | 11208 | STUDENT TRANSPORTATION | $409,954 |
| KIWI PARTNERS INC | |||||
| 237 WEST 35TH STREET-1101 | NEW YORK | NY | 10001 | ACCOUNTING SERVICES | $368,000 |
| ASCEND SECURE TECHNOLOGY | |||||
| 2254 HOMECRESS AVENUE | BROOKLYN | NY | 11229 | TECHNOLOGY | $100,716 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $1,918,575 | FundraisingAmt |
| Government Grants | $1,425,600 | GovernmentGrantsAmt |
| All Other Contributions | $5,015,160 | AllOtherContributionsAmt |
| Total Contributions | $8,359,335 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $403,704 | TotalRevenueColumnAmt |
| Exclusion | $403,704 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $368,406 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $368,406 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $368,406 | TotalRevenueColumnAmt |
| Exclusion | $368,406 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $105,058 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $1,918,575 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $105,058 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISC REVENUE | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $873 | TotalRevenueColumnAmt |
| Exclusion | $873 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $873 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,132,318 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $772,983 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,808,127 | TotalAmt |
| Program Services | $1,530,479 | ProgramServicesAmt |
| Management And General | $203,319 | ManagementAndGeneralAmt |
| Fundraising | $74,329 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,198,821 | TotalAmt |
| Program Services | $4,400,514 | ProgramServicesAmt |
| Management And General | $584,592 | ManagementAndGeneralAmt |
| Fundraising | $213,715 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $133,139 | TotalAmt |
| Program Services | $115,030 | ProgramServicesAmt |
| Management And General | $12,198 | ManagementAndGeneralAmt |
| Fundraising | $5,911 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $560,527 | TotalAmt |
| Program Services | $484,506 | ProgramServicesAmt |
| Management And General | $51,293 | ManagementAndGeneralAmt |
| Fundraising | $24,728 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $491,709 | TotalAmt |
| Program Services | $421,715 | ProgramServicesAmt |
| Management And General | $52,168 | ManagementAndGeneralAmt |
| Fundraising | $17,826 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $361,676 | TotalAmt |
| Program Services | $2,612 | ProgramServicesAmt |
| Management And General | $358,920 | ManagementAndGeneralAmt |
| Fundraising | $144 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,546 | TotalAmt |
| Management And General | $31,546 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $244,343 | TotalAmt |
| Program Services | $123,936 | ProgramServicesAmt |
| Management And General | $29,024 | ManagementAndGeneralAmt |
| Fundraising | $91,383 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,844 | TotalAmt |
| Program Services | $4,606 | ProgramServicesAmt |
| Management And General | $24,558 | ManagementAndGeneralAmt |
| Fundraising | $11,680 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $188,973 | TotalAmt |
| Program Services | $133,753 | ProgramServicesAmt |
| Management And General | $35,194 | ManagementAndGeneralAmt |
| Fundraising | $20,026 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $223,641 | TotalAmt |
| Program Services | $130,880 | ProgramServicesAmt |
| Management And General | $71,238 | ManagementAndGeneralAmt |
| Fundraising | $21,523 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $645,431 | TotalAmt |
| Program Services | $569,275 | ProgramServicesAmt |
| Management And General | $57,546 | ManagementAndGeneralAmt |
| Fundraising | $18,610 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $348,391 | TotalAmt |
| Program Services | $340,379 | ProgramServicesAmt |
| Management And General | $6,455 | ManagementAndGeneralAmt |
| Fundraising | $1,557 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $137,601 | TotalAmt |
| Program Services | $111,489 | ProgramServicesAmt |
| Management And General | $19,728 | ManagementAndGeneralAmt |
| Fundraising | $6,384 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $96,151 | TotalAmt |
| Program Services | $67,636 | ProgramServicesAmt |
| Management And General | $20,267 | ManagementAndGeneralAmt |
| Fundraising | $8,248 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| INTERN & LEADER RETREAT | $439,040 | $439,040 |
| CAMPUS & SCHOOL TRIPS | $382,215 | $382,215 |
| BOARDING SCH IMMERSION | $169,270 | $169,270 |
| TESTING & SCREENING | $106,039 | $106,039 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $678,831 | TotalAmt |
| Program Services | $393,368 | ProgramServicesAmt |
| Management And General | $242,098 | ManagementAndGeneralAmt |
| Fundraising | $43,365 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,286,315 | TotalAmt |
| Program Services | $9,926,742 | ProgramServicesAmt |
| Management And General | $1,800,144 | ManagementAndGeneralAmt |
| Fundraising | $559,429 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $929,424 | BOYAmt |
| EOY | $2,016,623 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,704,875 | BOYAmt |
| EOY | $2,501,154 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,110,245 | BOYAmt |
| EOY | $8,539,248 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $557,368 | BOYAmt |
| EOY | $295,370 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $6,678,579 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,621,014 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,058,833 | BOYAmt |
| EOY | $2,057,565 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,201,836 | BOYAmt |
| EOY | $17,447,585 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,724,982 | BOYAmt |
| EOY | $23,638,267 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $115,126 | BOYAmt |
| EOY | $153,191 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,402,689 | BOYAmt |
| EOY | $56,649,003 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $746,413 | BOYAmt |
| EOY | $469,042 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,029,751 | BOYAmt |
| EOY | $992,642 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $115,126 | BOYAmt |
| EOY | $153,191 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,891,290 | BOYAmt |
| EOY | $1,614,875 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,171,647 | BOYAmt |
| EOY | $46,411,474 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,339,752 | BOYAmt |
| EOY | $8,622,654 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $58,511,399 | BOYAmt |
| EOY | $55,034,128 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,402,689 | BOYAmt |
| EOY | $56,649,003 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$3,153,997 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$341,274 | NetUnrlzdGainsLossesInvstAmt |
| Donated Services And Use Fclts | $18,000 | DonatedServicesAndUseFcltsAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $10,099,964 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $16,416,158 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $17,264,372 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $8,084,680 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,359,335 | CurrentTaxYearAmt |
| Total | $60,224,509 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $10,099,964 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $16,416,158 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $17,264,372 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $8,084,680 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,359,335 | CurrentTaxYearAmt |
| Total | $60,224,509 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $8,173,141 | SubstantialContributorsTotAmt |
| Public Support Total170 | $52,051,368 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $187,288 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $436,937 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $345,566 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $389,263 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $372,158 | CurrentTaxYearAmt |
| Total | $1,731,212 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $8,722 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $23,191 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,789 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $16,522 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $873 | CurrentTaxYearAmt |
| Total | $56,097 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $62,011,818 | TotalSupportAmt |
| Public Support CY170 | 0.83940 | PublicSupportCY170Pct |
| Public Support PY170 | 0.82740 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| 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) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $42,839,192 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $374,417 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,325,000 | OtherExpendituresAmt |
| End Year Balance | $41,888,609 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $41,581,364 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $1,834,999 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $577,171 | OtherExpendituresAmt |
| End Year Balance | $42,839,192 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $39,215,589 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $3,615,775 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,250,000 | OtherExpendituresAmt |
| End Year Balance | $41,581,364 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $35,509,937 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $5,145,697 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,440,045 | OtherExpendituresAmt |
| End Year Balance | $39,215,589 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $37,510,460 | BeginningYearBalanceAmt |
| Contributions | $10,000 | ContributionsAmt |
| Investment Earnings Or Losses | -$1,779,326 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $231,198 | OtherExpendituresAmt |
| End Year Balance | $35,509,936 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.87530 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.06470 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.06000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $492,750 | OtherCostOrOtherBasisAmt |
| Book Value | $492,750 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,743,211 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,328,572 | DepreciationAmt |
| Book Value | $1,414,639 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,442,618 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,292,442 | DepreciationAmt |
| Book Value | $150,176 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $2,057,565 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ALTERNATIVE INVESTMENTS | Desc |
| Book Value | $23,638,267 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $23,638,267 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LIABILITY FOR DEFERRED COMPENSATION | Desc |
| Amt | $153,191 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $153,191 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $9,049,357 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$341,275 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $289,860 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | -$51,415 | RevenueNotReportedAmt |
| Revenue Subtotal | $9,100,772 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $31,546 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $31,546 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $9,132,318 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $12,526,629 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $271,860 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $271,860 | ExpensesNotReportedAmt |
| Expenses Subtotal | $12,254,769 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $31,546 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $31,546 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $12,286,315 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE BOARD DESIGNATED ENDOWMENT IS UNRESTRICTED AS TO USE, HAVING BEEN ESTABLISHED TO SERVE AS A BUFFER AGAINST FUNDRAISING SHORTFALLS AND TO COVER SHORT-TERM OPERATING CASH NEEDS. THE PERMANENTLY RESTRICTED ENDOWMENT IS LIMITED BY DONOR-IMPOSED RESTRICTIONS THAT DO NOT EXPIRE AND PROVIDES FOR AN ANNUAL DISTRIBUTION OF 4% BASED ON THE AVERAGE VALUE OF SUCH FUNDS AND RELATED TEMPORARILY RESTRICTED ASSETS MEASURED QUARTERLY OVER FIVE YEARS. THESE DISTRIBUTIONS ARE USED TO HELP SUPPORT PREP'S ANNUAL OPERATING BUDGET. |
| PART X, LINE 2: | PREP HAS ADOPTED THE PROVISION PERTAINING TO UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENT. PERIODS ENDING JUNE 30, 2015 AND SUBSEQUENT REMAIN OPEN TO EXAMINATION TO APPLICABLE TAXING AUTHORITIES. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | LILAC BALL | Event1Nm |
| Gross Receipts Event1 | $2,023,633 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $1,918,575 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $105,058 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $105,058 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $2,023,633 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $1,918,575 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $105,058 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $105,058 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $105,058 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $0 | NetIncomeSummaryAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AILEEN HEFFERREN | ||||||||||||||
| CHIEF EXECUTIVE | $428,037 | $0 | $0 | $0 | $0 | $0 | $42,980 | $0 | $3,052 | $0 | $474,069 | $0 | $0 | $0 |
| SHARON MADISON | ||||||||||||||
| VP FOR ADMINISTRATION | $194,522 | $0 | $0 | $0 | $0 | $0 | $10,000 | $0 | $9,237 | $0 | $213,759 | $0 | $0 | $0 |
| JACKSON COLLINS | ||||||||||||||
| ASSOCIATE EXECUTIVE DIRECTOR | $200,180 | $0 | $0 | $0 | $0 | $0 | $12,083 | $0 | $9,116 | $0 | $221,379 | $0 | $0 | $0 |
| KERRY GREENE | ||||||||||||||
| VP FOR EXTERNAL AFFAIRS | $232,876 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10,002 | $0 | $242,878 | $0 | $0 | $0 |
| NIKOLE SMITH | ||||||||||||||
| DIRECTOR OF ACADEMIC PROGRAMS | $160,165 | $0 | $0 | $0 | $0 | $0 | $16,413 | $0 | $9,116 | $0 | $185,694 | $0 | $0 | $0 |
| JOHANNA RODRIGUEZ | ||||||||||||||
| DIRECTOR OF ADMISSIONS | $158,137 | $0 | $0 | $0 | $0 | $0 | $11,713 | $0 | $10,322 | $0 | $180,172 | $0 | $0 | $0 |
| BRANDON HENRIQUEZ | ||||||||||||||
| DIRECTOR OF TECHNOLOGY | $129,936 | $0 | $0 | $0 | $0 | $0 | $3,369 | $0 | $10,253 | $0 | $143,558 | $0 | $0 | $0 |
| CINDY PEREZ | ||||||||||||||
| DIRECTOR OF LEADERSHIP DEVELOPMENT O | $118,303 | $0 | $0 | $0 | $0 | $0 | $12,000 | $0 | $10,338 | $0 | $140,641 | $0 | $0 | $0 |
| IVAN TATIS | ||||||||||||||
| DIRECTOR OF COUNSELING | $102,285 | $0 | $0 | $0 | $0 | $0 | $7,525 | $0 | $9,096 | $0 | $118,906 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 4B | FormAndLineReferenceDesc |
| Explanation | AILEEN HEFFERREN: PAYMENTS TO 457(B) PLAN= $15,573.10 | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| NEW PROVIDENCE ASSET MANAGEMENT (NPAM) | |||
| JOHN VOGELSTEIN, CHAIRMAN EMERITUS | $0 | ON JUNE 1, 2017, PREP ENTERED INTO A SUBSCRIPTION AGREEMENT AS A LIMITED PARTNER IN NEW PROVIDENCE BALANCED PORTFOLIO, LP WITH NPAM FOR THE MANAGEMENT OF A PORTION OF PREP'S ENDOWMENT ASSETS. MR. VOGELSTEIN'S INTEREST IN NPAM WAS DISCLOSED TO PREP PRIOR TO ITS ENTERING INTO THE AGREEMENT WITH NPAM, AND MR. VOGELSTEIN DID NOT PARTICIPATE OR PLAY ANY ROLE IN PREP'S DECISION TO ENGAGE NPAM. | 0 |
| COLEMAN COLLINS | |||
| ART INSTRUCTOR | $6,825 | BROTHER OF ASSOCIATE EXECUTIVE DIRECTOR (JACKSON COLLINS), WHICH WAS DISCLOSED TO PREP FOR PREP. JACKSON COLLINS DID NOT PARTICIPATE IN THE HIRING DECISION. | 0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 34 | ContributionCnt |
| Noncash Contributions Rpt F990 | $1,251,555 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 32B: | FormAndLineReferenceDesc |
| 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. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE 6 | PREP STUDENTS, ALUMNI, AND SUPPORTERS VOLUNTEER TO HELP ADVANCE PREP'S MISSION. VOLUNTEER OPPORTUNITIES ARE WIDE-RANGING: PREP STUDENTS, PARENTS, AND ALUMNI PROVIDE SUPPORT TO THE PREP ADMISSIONS OFFICE, WORKING WITH PROSPECTIVE APPLICANTS AND THEIR PARENTS/GUARDIANS DURING THE RECRUITMENT AND APPLICATION PROCESS; PREP STUDENTS WHO HAVE COMPLETED AT LEAST 8TH GRADE IN THEIR INDEPENDENT SCHOOLS SERVE AS VOLUNTEERS DURING THE PREPARATORY COMPONENT SUMMER SESSION BY ASSISTING WITH ATTENDANCE AND THE COLLECTION AND DISTRIBUTION OF LUNCHES, BOOKS AND NOTICES. (APPROXIMATELY 110 VOLUNTEERS SUPPORT ADMISSIONS AND PREPARATORY COMPONENT EACH YEAR.) VOLUNTEERS ALSO FACILITATE PROFESSIONAL ADVANCEMENT INITIATIVES THAT EXPOSE PREP HIGH SCHOOL AND UNDERGRADUATE STUDENTS TO A RANGE OF CAREER OPTIONS THEY MIGHT NOT OTHERWISE HAVE CONSIDERED. THESE INITIATIVES INCLUDE SUMMER INTERNSHIPS, PREP'S ARTS ACADEMY AND PREP'S INSTITUTE FOR ENTREPRENEURSHIP (IFE). PREP ALUMS, EMPLOYEES OF PARTNERING FIRMS, TRUSTEES, ASSOCIATES COUNCIL MEMBERS, AND DONORS HELP PREPARE STUDENTS BY CONDUCTING MOCK JOB INTERVIEWS. FOR IFE, VOLUNTEERS FROM THESE GROUPS SERVE AS BUSINESS PLAN ADVISORS AND FINAL COMPETITION JUDGES. PREP ALSO USES VOLUNTEERS TO SERVE AS CAREER SEMINAR SERIES PANELISTS. (AS MANY AS 280 VOLUNTEERS SUPPORT PROFESSIONAL ADVANCEMENT EACH YEAR.) MEMBERS OF THE BOARD OF TRUSTEES AND ASSOCIATES COUNCIL VOLUNTEER THEIR TIME AND PROFESSIONAL EXPERIENCE TO LEVERAGE THEIR CONTACTS AND ADVISE THE ORGANIZATION. (TOTAL OF 116 TRUSTEES AND COUNCIL MEMBERS PARTICIPATED DURING FY20.) IN ADDITION, OUR ALUMNI COUNCIL DRIVES PARTICIPATION IN VOLUNTEER ENGAGEMENT ACTIVITIES FOR THE BENEFIT OF PREP, OUR STUDENTS, AND OUR ENTIRE ALUMNI COMMUNITY, INCLUDING FIVE ACTIVE ALUMNI AFFINITY GROUPS. |
| FORM 990, PART VI, SECTION A, LINE 2 | THE TRUSTEES FRANK BYNUM, FRANK LOVERRO AND SANDY OSBORNE HAVE A SHARED OWNERSHIP INTEREST IN KELSO & COMPANY, INC. THE FOLLOWING TRUSTEES ARE ASSOCIATED WITH THE SAME ORGANIZATION: SUE MENG IS A PARTNER OF DEBEVOISE & PLIMPTON; JOHN HALL IS OF COUNSEL. MARTIN LIPTON, JONATHAN MOSES, JEANNEMARIE O'BRIEN, AND KARESSA CAIN ARE PARTNERS OF WACHTELL, LIPTON, ROSEN & KATZ, |
| FORM 990, PART VI, SECTION B, LINE 11B | BEFORE FILING, THE 990 IS REVIEWED BY THE TREASURER OF PREP FOR PREP, DISTRIBUTED TO ALL MEMBERS OF THE FINANCE COMMITTEE FOR REVIEW, APPROVED BY THE EXECUTIVE COMMITTEE OF TRUSTEES, AND DISTRIBUTED TO ALL BOARD MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 12C | 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 CONFLICT OF INTEREST POLICY. |
| 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 DETERMINING COMPENSATION OF SENIOR MANAGEMENT. THE COMMITTEE REVIEWS THE COMPENSATION OF THE CHIEF EXECUTIVE AND KEY EMPLOYEES EACH YEAR AND RECOMMENDS CHANGES OR ADJUSTMENTS TO THE EXECUTIVE COMMITTEE. REVIEW INCLUDES USE OF COMPARABILITY DATA AND ENGAGEMENT OF OUTSIDE EXPERTS AND OTHER ADVISORS. THE LAST REVIEW WAS IN NOVEMBER 2018. |
| 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. |
| FORM 990, PART XI, LINE 2 | INVESTMENT EXPENSES OF $31,546 ARE INCLUDED IN PART XI, LINE 2 |