2019-05-15T13:45:30-05:00 2018-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2017-07-01 264646416 PUBLIC PREPARATORY NETWORK INC PUBL 2123466000 441 EAST 148TH STREET BRONX NY 10455 IAN ROWE CEO 2123466000 2019-05-13 1 JACQUELINE B LEE CPA P00842765 5854231860 2019-05-14 69.49.130.51 2019-05-13 13:52:39 ED P 7BD69F5280B10D13C222337B97AAC359DD589BF7 3BA815B9EA97DC6F1C7D57ED292EF324E500D068 2017 2019-02-21 02:37:17Z IAN ROWE 441 EAST 148TH STREET BRONX NY 10455 5083234 0 X WWW.PUBLICPREP.ORG X 2008 NY PUBLIC PREP NETWORK IS A NONPROFIT ORGANIZATION THAT DEVELOPS SINGLE-SEX ELEMENTARY AND MIDDLE PUBLIC SCHOOLS THAT PURSUE EXCELLENCE THROUGH CONTINUOUS LEARNING AND DATA-DRIVEN INSTRUCTION. OUR MODEL IS DESIGNED TO EMPOWER EACH STUDENT TO BUILD STRONG CHARACTER, DEMONSTRATE CRITICAL THINKING, POSSESS A CORE BODY OF KNOWLEDGE AND BE ON A PREDICTIVE PATH TO EARN A DEGREE FROM A FOUR-YEAR UNIVERSITY 8 8 39 8 0 12978 765526 1056204 2673596 3816416 -14022 -58 -12025 -51259 3413075 4821303 89658 259800 0 0 2672708 3583422 0 0 50352 1627809 1393012 4390175 5236234 -977100 -414931 1632816 1043970 1230006 1056091 402810 -12121 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 4408902 259800 3816416 CHARTER SCHOOL MARKETING/RECRUITMENT, FUNDRAISING AS WELL AS ACADEMIC, ADMINISTRATIVE AND FINANCIAL SUPPORT. 4408902 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 29 0 39 1 1 1 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X IAN ROWE 2123466000 441 EAST 148TH STREET BRONX NY 10455 BRYAN LAWRENCE CHAIR 1.00 X X 0 0 0 ERIC GRANNIS VICE CHAIR 1.00 X X 0 0 0 PAUL VERMYLEN TREASURER 1.00 X X 0 0 0 DOMINIQUE SCHULTE DIRECTOR 1.00 X 0 0 0 PHILIP O BRANDES DIRECTOR 1.00 X 0 0 0 MARK DIKER DIRECTOR 1.00 X 0 0 0 MARGERY MAYER DIRECTOR 1.00 X 0 0 0 GREG JONES DIRECTOR 1.00 X 0 0 0 IAN ROWE CEO 40.00 X 333679 0 18873 DANIELLE KEEN TSCHIRHART MD FINANCE & OPERATIONS 40.00 X 52162 0 7008 JANELLE BRADSHAW SUPERINTENDENT 40.00 X 203183 0 18186 GIUSEPPA L CARBONE ASSISTANT SUPERINTENDENT 40.00 X 182402 0 10448 EMILEE CHRISTOPHER MANAGING DIRECTOR OF TALENT 40.00 X 116198 0 7512 ANDREW L MARTIN CHIEF ASSESSMENT & ACCOUNTABILITY THROUGH 9/5/17 40.00 X 103642 0 5236 991266 0 67263 5 0 1 0 METAMORPHOSIS 26 BROADWAY SUITE 1304 NEW YORK NY 10004 PD CONSULTANT 165340 436 EAST 129TH SREET REALTY MANAGEMENT L 436 EAST 149TH ST BRONX NY 10018 RENT 141332 UCHICAGO IMPACT LLC 1313 E 60TH ST CHICAGO IL 60637 PD CONSULTANT 136922 LAVINIA GROUP LLC 1 MAIN STREET 5D BROOKLYN NY 11201 PD CONSULTANT 111436 4 158306 8384 889514 261378 1056204 MANAGEMENT FEES 611430 3816416 3816416 3816416 463 463 210151 210672 -521 -521 -521 0 158306 51259 -51259 -51259 4821303 3816416 0 -51317 259800 259800 884428 742563 124950 16915 2117089 1890050 208191 18848 41832 38714 2845 273 320091 281792 34711 3588 219982 193145 24245 2592 20353 20353 31111 31111 250297 250297 291641 267022 22242 2377 149647 128773 19260 1614 792 696 87 9 211609 185794 23322 2493 31575 27723 3480 372 32723 28730 3607 386 25128 22063 2769 296 STAFF DEVELOPMENT 171718 166386 4817 515 SCHOOL SUPPORT 170132 170132 EQUIPMENT AND FURNISHIN 6286 5519 693 74 5236234 4408902 776980 50352 87151 304891 200378 200457 996978 373179 186812 0 65994 34140 197106 127600 33706 69506 61797 61797 1632816 1043970 524262 605579 200000 1200 505744 449312 1230006 1056091 X -393342 -989787 796152 977666 402810 -12121 1632816 1043970 -414931 0 X X 0 1 X 1 0 X 2073183 2554558 2364472 765526 1056204 8813943 2073183 2554558 2364472 765526 1056204 8813943 4736888 4077055 12 94 105 92 463 766 4500 837 5337 8820046 13372087 0.46220 0.40120 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. 197106 127600 69506 69506 SECURITY DEPOSIT 61797 61797 RELATED PARTY PAYABLES 444812 DEFERRED LEASE LIABILITY 4500 449312 X 5118270 245708 51259 296967 4821303 0 4821303 5533201 245708 51259 296967 5236234 0 5236234 PART X, LINE 2: THE ORGANIZATION IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. THE ORGANIZATION FILES FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN NEW YORK STATE. WITH FEW EXCEPTIONS, AS OF JUNE 30, 2018, THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDED PRIOR TO JUNE 30, 2015. THE TAX RETURNS FOR YEARS ENDED JUNE 30, 2015 THROUGH JUNE 30, 2018 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS AND TAXING AUTHORITIES IN NEW YORK STATE. MANAGEMENT OF THE ORGANIZATION BELIEVES THEY HAVE NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, THEY HAVE NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSE 51,259. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSE 51,259. TINY BEAUTIFUL THINGS 152126 152126 23825 17375 LEADERSHIP BOARD COCKTAIL EVENT 6180 6180 5944 158306 158306 23825 17375 5944 47144 -47144 1 PUBLIC PREP CHARTER SCHOOL ACADEMIES 441 EAST 148TH STREET BRONX NY 10455 810650329 501(C)3 259800 CHARTER SCHOOL SUPPORT 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. 1 X 0 0 0 0 0 0 0 0 0 IAN ROWE CEO 293679 0 40000 0 0 0 11536 0 7337 0 352552 0 0 0 JANELLE BRADSHAW SUPERINTENDENT 203183 0 0 0 0 0 10849 0 7337 0 221369 0 0 0 GIUSEPPA L CARBONE ASSISTANT SUPERINTENDENT 152402 0 30000 0 0 0 10448 0 0 0 192850 0 0 0 X 2 261378 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED WITH THE ASSISTANCE OF THE FINANCIAL CONSULTANT AND MANAGING DIRECTOR OF FINANCE AND OPERATIONS. IT IS REVIEWED BY THE CEO AND BOARD APPROVAL IS GIVEN BEFORE SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY. BOARD MEMBERS ARE BOUND BY FIDUCIARY DUTY TO DISCLOSE ANY CONFLICTS. ANNUALLY A RESOLUTION IS ADOPTED REAFFIRMING A COMMITMENT TO THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 PUBLIC PREP HAS ESTABLISHED A SALARY SCALE FOR ALL STAFF POSITIONS. EMPLOYEE EXPERIENCE IS ANALYZED IN RELATION TO THE REQUIRED YEARS OF EXPERIENCE WITH THE JOB REQUIREMENTS. THE CEO IS AN EMPLOYEE OF THE ORGANIZATION AND COMPENSATION IS DETERMINED BY PPN'S BOARD. ANY CHANGES TO A STAFF MEMBER'S SALARY WILL BE APPROVED BY THE DIRECTOR OF HUMAN RESOURCES IN WRITING OR ELECTRONICALLY AND DOCUMENTED VIA A PAYROLL STATUS CHANGE FORM. A COPY OF THIS FORM WILL BE MAINTAINED IN THE EMPLOYEE FILE. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS AND CAN BE PRESENTED UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS IS CONSISTENT WITH PRIOR YEARS.