Democracy Prep Public Schools
- Assets
- $18.4m
- Revenue
- $22.5m
- Investments
- $0.0
- Employees
- 204
- Location
- New York, NY
- Founding
- 06/2007
- Data as of
- 06/2021
- EIN
- 20-2629354
Organization Overview
Democracy Prep Public Schools is located in New York, NY. The organization was established in 2007. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Democracy Prep Public Schools employed 204 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Democracy Prep Public Schools 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 06/2021, Democracy Prep Public Schools generated $22.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $17.8m during the year ending 06/2021. While expenses have increased by 4.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION MANAGES AND OPERATES HIGH-PERFORMING CHARTER SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES AS A CHARTER MANAGEMENT ORGANIZATION PROVIDING EDUCATIONAL SERVICES, MANAGEMENT OPERATIONS AND FUNDRAISING ACTIVITIES FOR THE FOLLOWING CHARTER SCHOOLS: DEMOCRACY PREP NEW YORK CHARTER SCHOOLS, FREEDOM PREP CHARTER SCHOOL, DEMOCRACY PREP BATON ROUGE, DEMOCRACY PREP AGASSI CAMPUS, AND DEMOCRACY PREP TEXAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natasha Trivers CEO | Officer | 65 | $294,845 |
Linda Jones Easton Executive Vice President | Officer | 65 | $245,593 |
Kent Anker Evp & General Counsel | Officer | 65 | $234,789 |
Lisa Friscia Chief People Officer | Officer | 65 | $204,309 |
Valerie M Martinez-Wagner CFO | Officer | 65 | $189,777 |
Margaret Marrer Sr. Dir. Of K-12 Curriculum | 65 | $168,038 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Attuned Education Partners Educational Planning | 6/29/21 | $123,000 |
Charter School Business Management Finance Consultants | 6/29/21 | $699,668 |
Pkf O'connor Davies Llp Accounting & Auditing Services | 6/29/21 | $103,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,039,723 |
| All other contributions, gifts, grants, and similar amounts not included above | $793,487 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,833,210 |
| Total Program Service Revenue | $17,578,276 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,499,463 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,434 |
| Grants and other assistance to domestic individuals. | $63,573 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,495,405 |
| Compensation of current officers, directors, key employees. | $149,424 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,469,504 |
| Pension plan accruals and contributions | $345,654 |
| Other employee benefits | $380,718 |
| Payroll taxes | $695,217 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $586,532 |
| Fees for services: Accounting | $119,690 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,111,817 |
| Advertising and promotion | $259,572 |
| Office expenses | $326,601 |
| Information technology | $41,308 |
| Royalties | $0 |
| Occupancy | $2,818,726 |
| Travel | $19,165 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $725,447 |
| Insurance | $101,233 |
| All other expenses | $0 |
| Total functional expenses | $17,832,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,853,112 |
| Savings and temporary cash investments | $454,235 |
| Pledges and grants receivable | $155,280 |
| Accounts receivable, net | $0 |
| 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 | $129,962 |
| Net Land, buildings, and equipment | $8,100,625 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,719,926 |
| Total assets | $18,413,140 |
| Accounts payable and accrued expenses | $1,742,557 |
| Grants payable | $0 |
| Deferred revenue | $3,530,645 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $570,755 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,748,713 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,263,522 |
| Total liabilities | $12,856,192 |
| Net assets without donor restrictions | $5,556,948 |
| Net assets with donor restrictions | $0 |
| 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 | $18,413,140 |
Grants Awarded
Over the last fiscal year, Democracy Prep Public Schools has awarded $516,114 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Baton Rouge, LA PURPOSE: Expansion of Charter School Program via CSP grant from Federal Government | $321,871 |
Camden, NJ PURPOSE: General Funding Grant for Expenses Outside of Scope of NJ State Funding | $105,527 |
New York, NY PURPOSE: Expansion of Charter School Program via CSP grant from Federal Government | $88,716 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Democracy Prep Public Schools has recieved totaling $324,642.
| Awarding Organization | Amount |
|---|---|
Peter And Carmen Lucia Buck Foundation Inc New York, NY PURPOSE: NEW CHARTER SCHOOLS FOR CT | $150,000 |
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $100,000 |
National Alliance For Public Charter Schools Washington, DC PURPOSE: LEGAL ACTION FUND PROGRAM | $74,437 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $205 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Democracy Prep Public Schools New York, NY | $18,413,140 | $22,499,463 |
Theatre Development Fund Inc New York, NY | $10,654,511 | $12,739,705 |
New England Foundation For The Arts Inc Boston, MA | $37,132,144 | $19,074,510 |
New York Foundation For The Arts Inc Brooklyn, NY | $8,779,392 | $10,995,267 |
Moving Picture Institute New York, NY | $5,367,184 | $7,460,439 |
Liz Claiborne & Art Ortenberg Foundation New York, NY | $208,358,667 | $11,296,700 |
Pseg Foundation Inc Newark, NJ | $49,926,270 | $78,342 |
United Way Of Lancaster County Lancaster, PA | $8,532,432 | $6,314,775 |
Art Of Problem Solving Initiative Inc New York, NY | $11,649,838 | $7,944,885 |
Performance Zone Inc New York, NY | $3,205,718 | $5,815,345 |
America-Israel Cultural Foundation Inc New York, NY | $5,736,559 | $3,348,442 |
Music Performance Trust Fund New York, NY | $10,128,887 | $4,587,841 |