Bay Ridge Preparatory School
- Assets
- $36.0m
- Revenue
- $18.0m
- Investments
- $4.4m
- Employees
- 130
- Location
- Brooklyn, NY
- Founding
- 07/1999
- Data as of
- 08/2023
- EIN
- 11-3444169
Organization Overview
Bay Ridge Preparatory School is located in Brooklyn, NY. The organization was established in 1999. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 08/2023, Bay Ridge Preparatory School employed 130 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Ridge Preparatory School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Bay Ridge Preparatory School generated $18.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $16.8m during the year ending 08/2023. While expenses have increased by 3.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
KINDERGARTEN THROUGH GRADE 12 PRIVATE SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL INSTRUCTION FOR 353 STUDENTS. PROGRAMS INCLUDE A FULL ARRAY OF ACADEMIC, ATHLETIC, ARTS AND EXTRA-CURRICULAR STUDENT ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ralph Fasano Trustee | Trustee | 1 | $0 |
Diane Baker Trustee | Trustee | 1 | $0 |
Vincent Theurer Trustee | Trustee | 1 | $0 |
Robert Townley Chair | OfficerTrustee | 1 | $0 |
Jason Calacanis Treasurer | OfficerTrustee | 1 | $0 |
Albert Solecki Secretary Of The Board | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Celtic Services Nyc Inc Construction | 8/30/23 | $296,650 |
Austin And Company Inc Insurance | 8/30/23 | $252,664 |
Edward Mills & Associates Architect | 8/30/23 | $197,200 |
L And M Limousine Service Corp School Buses | 8/30/23 | $162,836 |
Rockafella Cleaning Inc Cleaning | 8/30/23 | $129,752 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $104,448 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $812,364 |
| Noncash contributions included in lines 1a–1f | $23,645 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $916,812 |
| Total Program Service Revenue | $16,165,046 |
| Investment income | $221,640 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$39,940 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,995,413 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,293,782 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $345,008 |
| Compensation of current officers, directors, key employees. | $172,504 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,572,355 |
| Pension plan accruals and contributions | $591,873 |
| Other employee benefits | $1,898,918 |
| Payroll taxes | $683,744 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,309 |
| Fees for services: Accounting | $49,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $103,449 |
| Advertising and promotion | $39,735 |
| Office expenses | $0 |
| Information technology | $224,846 |
| Royalties | $0 |
| Occupancy | $580,996 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,354 |
| Interest | $412,890 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $155,268 |
| Insurance | $219,120 |
| All other expenses | $805,920 |
| Total functional expenses | $16,775,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,975,699 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,006,018 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $227,836 |
| Net Land, buildings, and equipment | $11,890,462 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,374,091 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,553,461 |
| Total assets | $36,027,567 |
| Accounts payable and accrued expenses | $949,936 |
| Grants payable | $0 |
| Deferred revenue | $7,512,398 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $12,643,296 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $727,860 |
| Total liabilities | $21,833,490 |
| Net assets without donor restrictions | $13,084,999 |
| Net assets with donor restrictions | $1,109,078 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $36,027,567 |