2025-11-14T14:26:46-06:00 2025-06-30 132781641 MITCHELL & TITUS LLP 80 PINE STREET 32ND FL NEW YORK NY 10005 990 2024-07-01 132613383 PREP FOR PREP PREP 2125791390 328 WEST 71ST STREET NEW YORK NY 100233502 DIAHANN BILLINGS CHIEF EXECUTIVE OFFICER 2125791390 2025-11-14 1 0 ERIC HARRISON P01916785 2127094500 2025-11-14 2024 2025-03-06 01:10:19Z DIAHANN BILLINGS 328 WEST 71ST STREET NEW YORK NY 100233502 11769233 0 X WWW.PREPFORPREP.ORG X 1968 NY PREP FOR PREP ENVISIONS A NATION GUIDED BY ETHICAL AND EFFECTIVE LEADERS WHO REFLECT OUR SOCIETY. AFTER 47 YEARS OF SERVICE, PREP IS NOW MORE THAN 5,000 STUDENTS AND ALUMNI STRONG, CREATING GENERATIONS OF LEADERS WHO ARE INSPIRING CHANGE, SHAPING OUR DEMOCRACY, AND CONTRIBUTING TO AND GROWING OUR GLOBAL ECONOMY. 79 79 225 553 0 0 10783843 10466729 0 0 3610823 704363 5159 3432 14399825 11174524 0 0 0 0 9909848 10094550 0 0 505591 5550440 5373423 15460288 15467973 -1060463 -4293449 63219416 62971854 1258520 1181659 61960896 61790195 X PREP FOR PREP WAS ESTABLISHED IN 1978 WITH THE OBJECTIVE OF PROVIDING EDUCATIONAL ACCESS AND OPPORTUNITY TO NEW YORK CITY'S MOST PROMISING STUDENTS TO ENABLE THEM TO BECOME LEADERS IN THEIR COMMUNITIES AND IN THE COUNTRY'S MAJOR INSTITUTIONS. 0 0 4973915 PREPARATORY PROGRAMS PREP REDEFINES OPPORTUNITY FOR TOP STUDENTS IN NYC PUBLIC SCHOOLS THROUGH EXCEPTIONAL ACADEMIC AND SOCIAL PREPAREDNESS PROGRAMMING A RIGOROUS 14-MONTH COURSE OF STUDYTHAT 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 $40 MILLION IN FINANCIAL AID FOR NEARLY 700 STUDENTS (GRADES 7-12) ANNUALLY COMMITTED BY OUR PARTNER SCHOOLS TO MEET STUDENTS' NEEDS BASED ON FAMILY HOUSEHOLD INCOME. 3492467 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 PERFECTIONISM; FROM ANXIETY TO DEPRESSION; FROM CULTURAL DIVIDES TO SENSE OF BELONGING. SERVICES AND SUPPORT ARE ALSO MADE AVAILABLE TO APPROXIMATELY 600 COLLEGE STUDENTS ANNUALLY THROUGH OUR UNDERGRADUATE AFFAIRS TEAM. 2197231 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-CONFIDENCE. 2140511 TALENT SEARCH OUR ADMISSIONS TEAM IDENTIFIES 200 STUDENTS EACH YEAR FOR ADMISSION TO PREP FOR PREP, SELECTED AMONG NEARLY 4,000 ANNUAL INQUIRIES FROM STUDENTS 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. ALUMNI AFFAIRS FOR PREP'S ALUMNI, NOW OVER 4,500 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 FOOTSTEPS OF THEIR FELLOW ALUMNI.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. 2140511 12804124 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 163 0 1 225 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 79 79 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X SHARON MADISON 2125791390 328 WEST 71ST STREET NEW YORK NY 100233502 MARTIN LIPTON CHAIR EMERITUS (NONVOTING) 1.00 X 0 0 0 JOHN L VOGELSTEIN CHAIR EMERITUS (NONVOTING) 1.00 X 0 0 0 SCOTT L BOK CHAIR EMERITUS (NONVOTING) 1.00 X 0 0 0 LISA SMITH CASHIN CHAIR 1.00 X 0 0 0 YAHONNES CLEARY PRESIDENT 1.00 X 0 0 0 CHRISTOPHER JAMES PRESIDENT 1.00 X 0 0 0 SUE MENG EXECUTIVE VICE PRESIDENT & SECRETARY 1.00 X 0 0 0 DANIEL M NEIDICH EXECUTIVE VICE PRESIDENT 1.00 X 0 0 0 FRANK K BYNUM JR VICE PRESIDENT 1.00 X 0 0 0 KENNETH CAPLAN VICE PRESIDENT 1.00 X 0 0 0 JOHN H HALL ESQ VICE PRESIDENT 1.00 X 0 0 0 NATALIE SWABY HUTCHINSON VICE PRESIDENT 1.00 X 0 0 0 NICOLE ARNABOLDI VICE PRESIDENT 1.00 X 0 0 0 CHRISTOPHER ORTEGA VICE PRESIDENT 1.00 X 0 0 0 PETER ANZALONE VICE PRESIDENT & TREASURER 1.00 X 0 0 0 RICHARD D'ALBERT VICE PRESIDENT & ASSISTANT TREASURER 1.00 X 0 0 0 DALE ALLSOPP TRUSTEE 1.00 X 0 0 0 CONOR BASTABLE TRUSTEE 1.00 X 0 0 0 ANSON H BEARD TRUSTEE 1.00 X 0 0 0 JORGE CALDERON TRUSTEE 1.00 X 0 0 0 ALEX CLAVEL TRUSTEE 1.00 X 0 0 0 DIOGENES BRITO CEO 1.00 X 0 0 0 KATHRYN M DEANE TRUSTEE 1.00 X 0 0 0 JAMES P DEMARE TRUSTEE 1.00 X 0 0 0 ERIC DERFNER TRUSTEE UNTIL 7/31/24 1.00 X 0 0 0 PASCAL DESROCHES TRUSTEE 1.00 X 0 0 0 ALEXANDER R EDLICH TRUSTEE 1.00 X 0 0 0 PATRICIA FARMAN-FARMAIAN TRUSTEE 1.00 X 0 0 0 KEVIN FERRO TRUSTEE UNTIL 2/20/25 1.00 X 0 0 0 KAREEM COOK TRUSTEE 1.00 X 0 0 0 CARL D HARNICK TRUSTEE 1.00 X 0 0 0 FRANCIS IDEHEN TRUSTEE 1.00 X 0 0 0 JAMES R MAHER TRUSTEE 1.00 X 0 0 0 ERIC A ROTHFELD TRUSTEE 1.00 X 0 0 0 ANTHONY KIM TRUSTEE 1.00 X 0 0 0 ROBIN KRASNY TRUSTEE 1.00 X 0 0 0 LAURENCE C LEEDS JR TRUSTEE 1.00 X 0 0 0 FRANK J LOVERRO TRUSTEE 1.00 X 0 0 0 R TYLER MORSE TRUSTEE 1.00 X 0 0 0 JEANNEMARIE O'BRIEN TRUSTEE 1.00 X 0 0 0 SANDY OSBORNE TRUSTEE 1.00 X 0 0 0 LISSA PERLMAN TRUSTEE 1.00 X 0 0 0 TREVOR PRICE TRUSTEE 1.00 X 0 0 0 RICHARD SCHAPS TRUSTEE 1.00 X 0 0 0 WILLIAM A SHUTZER TRUSTEE 1.00 X 0 0 0 PEG SULLIVAN TRUSTEE 1.00 X 0 0 0 MICHAEL WEST TRUSTEE 1.00 X 0 0 0 ANITA VOLZ WIEN TRUSTEE 1.00 X 0 0 0 BRIAN C WILLE TRUSTEE 1.00 X 0 0 0 KARESSA L CAIN TRUSTEE 1.00 X 0 0 0 KEVIN OTERO XII TRUSTEE 1.00 X 0 0 0 EVAN SCHWARTZBERG TRUSTEE 1.00 X 0 0 0 PARISA JAFFER TRUSTEE 1.00 X 0 0 0 DUSTY PHILIP TRUSTEE 1.00 X 0 0 0 NANCY REYES MCLAUGHLIN TRUSTEE 1.00 X 0 0 0 ARUN ALAGAPPAN TRUSTEE 1.00 X 0 0 0 CATHERINE COLE TRUSTEE SINCE 10/19/24 1.00 X 0 0 0 CHARLES F STEWART TRUSTEE 1.00 X 0 0 0 NYSSA FAJARDOO LEE TRUSTEE 1.00 X 0 0 0 MICHAEL MITCHELL TRUSTEE UNTIL 9/1/24 1.00 X 0 0 0 MARIAMA N' DIAYE TRUSTEE UNTIL 9/1/24 1.00 X 0 0 0 JOSEPH PABON TRUSTEE UNTIL 9/1/24 1.00 X 0 0 0 DANTE PEARSON TRUSTEE 1.00 X 0 0 0 MO SAKURAI TRUSTEE 1.00 X 0 0 0 DAVID GREENBERG TRUSTEE 1.00 X 0 0 0 VAUGHN CALDON TRUSTEE 1.00 X 0 0 0 ISOLDE BRIELMAIER TRUSTEE 1.00 X 0 0 0 JOCELYN GAILLIOT TRUSTEE 1.00 X 0 0 0 NICOLE LEVIN MESARD VICE PRESIDENT 1.00 X 0 0 0 ARTHUR MAGNUS TRUSTEE 1.00 X 0 0 0 NNAMDI ORAKWUEVII TRUSTEE 1.00 X 0 0 0 KEVIN SCHWARTZ TRUSTEE 1.00 X 0 0 0 JOHNNY SKUMPUA TRUSTEE 1.00 X 0 0 0 CHRISTINA CLAUDIO TRUSTEE SINCE 10/8/24 1.00 X 0 0 0 CATHERINE COLE TRUSTEE 1.00 X 0 0 0 JOSE DE JESUS TRUSTEE SINCE 5/7/24 1.00 X 0 0 0 WILLIAM HUANG TRUSTEE SINCE 1/21/25 1.00 X 0 0 0 MURIEL ISAAC TRUSTEE SINCE 9/30/24 1.00 X 0 0 0 BAILY BLAIR KEMPNER TRUSTEE SINCE 11/12/24 1.00 X 0 0 0 ALEXIS MULVIHILL TRUSTEE SINCE 10/8/24 1.00 X 0 0 0 BELINDA PESTANA TRUSTEE SINCE 5/6/25 1.00 X 0 0 0 ROMAN REGELMAN TRUSTEE SINCE 5/7/24 1.00 X 0 0 0 PAULA CAMPBELL ROBERTS TRUSTEE SINCE 10/8/24 1.00 X 0 0 0 ERIC RODRIGUEZ TRUSTEE SINCE 9/30/24 1.00 X 0 0 0 RENEE TROTMAN TRUSTEE SINCE 9/30/24 1.00 X 0 0 0 RUTH JURGENSEN CEO THROUGH 11/15/24 40.00 X 404769 0 19353 JACKSON COLLINS CEO FROM 11/18/24 40.00 X 283826 0 30870 SHARON MADISON CHIEF OPERATING OFFICER 40.00 X 245150 0 29954 NIKOLE SMITH DIRECTOR OF ACADEMIC PROGR 40.00 X 208937 0 31432 JOHANNA RODRIGUEZ DIRECTOR OF ADMISSIONS 40.00 X 192391 0 31127 CINDY PEREZ DIRECTOR OF LEADERSHIP DEV 40.00 X 185082 0 30529 REBECCA ERVEY DIRECTOR OF DEVELOPMENT AN 40.00 X 229867 0 23314 ROBERTA OSORIO DIRECTOR OF POST-PLACEMENT COUNSELING 40.00 X 168432 0 25403 1918454 0 221982 8 0 1 0 NYC SCHOOLBUS INC 8048 PRESTON CT NEW YORK NY 11236 TRANSPORTATION 636192 ARABELLA ADVISORS 1828 L ST NW SUITE 300 WASHINGTON DC 20036 ACCOUNTING SERVICES 397067 AGILE CLOUD CONSULTING 276 5TH AVE SUITE 704 NEW YORK NY 10001 IT CONSULTING 297759 INTRINSIC TECHNOLOGY GROUP INC 14 WALL ST SUITE 5C NEW YORK NY 10005 IT CONSULTING 140033 SSI (US) INC DBA SPENCER STUART PO BOX 98991 CHICAGO IL 60693 RECRUITING SERVICES 137500 6 3290333 7176396 1033124 10466729 150540 150540 553823 0 553823 553823 553823 594709 3290334 594709 0 MISC REVENUE 900099 3432 3432 3432 11174524 0 0 707795 866805 752639 87132 27034 7413331 6436931 745193 231207 336061 291799 33781 10481 809278 702689 81349 25240 669075 629034 23909 16132 434494 434494 65985 65985 255658 228531 19861 7266 267286 25934 230532 10820 183959 124893 38689 20377 498454 337980 114784 45690 906678 786186 103898 16594 112334 106644 3171 2519 8592 6025 1851 716 248526 212331 28533 7662 155979 109388 33598 12993 PUPIL TRANSPORTATION 556228 556228 INTERN & LEADER RETREAT 548685 548685 CAMPUS & SCHOOL TRIPS 255175 253397 1778 STUDENT SUPPORT SERVICE 213254 213254 662136 481556 109720 70860 15467973 12804124 2158258 505591 1248542 314347 1514001 3000491 9497729 7272361 580000 933680 1002180 7788406 5576175 2099959 2212231 1593526 3100597 45751979 46069647 63219416 62971854 1258520 1181659 1258520 1181659 X 52257338 53934793 9703558 7855402 61960896 61790195 63219416 62971854 -4293449 4122748 0 X 0 1 X 1 0 X 9235820 9322028 13146072 7117195 7176396 45997511 9235820 9322028 13146072 7117195 7176396 45997511 5167402 40830109 423497 526943 457462 485244 150540 2043686 3202 7033 655 5159 3432 19481 48060678 0.84960 0.87410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 46800584 4707877 2343242 49165219 45631825 4689907 3521148 46800584 46196227 3525819 4090221 45631825 53592212 -7310850 85135 46196227 41888609 12784670 1081067 53592212 0 0 492750 492750 4022854 2848525 1174329 3272802 2727650 545152 2212231 ALTERNATIVE INVESTMENTS 46069647 C 46069647 X 15757846 4122748 526559 4649307 11108539 65985 65985 11174524 15928547 526559 526559 15401988 65985 65985 15467973 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. 5-7% DRAWS ARE USED TO SUPPORT CURRENT OPERATIONS. 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, 2025 AND SUBSEQUENT REMAIN OPEN TO EXAMINATION TO APPLICABLE TAXING AUTHORITIES. LILAC BALL 3885043 3290334 594709 594709 3885043 3290334 594709 594709 594709 0 X X X X X 0 1 0 0 0 0 0 0 0 RUTH JURGENSEN CEO THROUGH 11/15/24 404769 0 0 0 0 0 18863 0 490 0 424122 0 0 0 JACKSON COLLINS CEO FROM 11/18/24 283826 0 0 0 0 0 19164 0 11706 0 314696 0 0 0 SHARON MADISON CHIEF OPERATING OFFICER 245150 0 0 0 0 0 18248 0 11706 0 275104 0 0 0 REBECCA ERVEY DIRECTOR OF DEVELOPMENT AN 229867 0 0 0 0 0 22838 0 476 0 253181 0 0 0 NIKOLE SMITH DIRECTOR OF ACADEMIC PROGR 208937 0 0 0 0 0 19846 0 11586 0 240369 0 0 0 JOHANNA RODRIGUEZ DIRECTOR OF ADMISSIONS 192391 0 0 0 0 0 13855 0 17272 0 223518 0 0 0 CINDY PEREZ DIRECTOR OF LEADERSHIP DEV 185082 0 0 0 0 0 16891 0 13638 0 215611 0 0 0 ROBERTA OSORIO DIRECTOR OF POST-PLACEMENT COUNSELIN 168432 0 0 0 0 0 9084 0 16319 0 193835 0 0 0 THE COLONY GROUP (PREVIOUSLY PROVIDENCE ASSET MANAGEMENT (NPAM)) JOHN VOGELSTEIN, CHAIRMAN EMERITUS ON JUNE 1, 2017, PREP ENTERED INTO A SUBSCRIPTION AGREEMENT AS A LIMITED PARTNER IN NEW PROVIDENCE BALANCED PORTFOLIO, LP WITH THE COLONY GROUP (PREVIOUSLY PROVIDENCE ASSET MANAGEMENT (NPAM)) FOR THE MANAGEMENT OF A PORTION OF PREP'S ENDOWMENT ASSETS. MR. VOGELSTEIN'S INTEREST IN THE COLONY GROUP 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. IN AUGUST 2022, NEW PROVIDENCE MERGED WITH THE COLONY GROUP. 0 COMMONFUND OCIO INC NICOLE ARNABOLDI, TRUSTEE AND CHAIRPERSON OF INVESTMENT COMMITTEE ON MARCH 13, 2024, PREP ENTERED INTO A SUBSCRIPTION AGREEMENT WITH COMMONFUND OCIO, INC.FOR THE MANAGEMENT OF A PORTION OF PREP'S ENDOWMENT ASSETS. MS. ARNABOLDI'S INTEREST IN COMMONFUND OCIO, INC. WAS DISCLOSED TO PREP PRIOR TO ITS ENTERING INTO THE AGREEMENT WITH COMMONFUND OCIO, INC., AND MS. ARNABOLDI DID NOT PARTICIPATE OR PLAY ANY ROLE IN PREP'S DECISION TO ENGAGE COMMONFUND OCIO, INC. 0 X 29 1033124 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: GIFTS OF SHARES OF STOCK FROM VARIOUS DONORS ARE RECEIVED ON PREP'S BEHALF BY MERRILL LYNCH AND ARE SOLD AS SOON AS PREP IS NOTIFIED OF RECEIPT. 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 20 VOLUNTEERS SUPPORT ADMISSIONS AND PREPARATORY COMPONENT EACH YEAR.) VOLUNTEERS ALSO FACILITATE PROFESSIONAL ADVANCEMENT AND LEADERSHIP DEVELOPMENT 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 400 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 133 TRUSTEES AND COUNCIL MEMBERS PARTICIPATED DURING THE COURSE OF FY 25.) IN ADDITION, OUR ALUMNI COUNCIL DRIVES PARTICIPATION IN VOLUNTEER ENGAGEMENT ACTIVITIES FOR THE BENEFIT OF PREP, OUR STUDENTS, AND OUR ENTIRE ALUMNI COMMUNITY, INCLUDING NINE 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: NICOLE LEVIN MESARD 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. 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.