Public Preparatory Network Inc
- Assets
- $1.6m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 54
- Location
- New York, NY
- Founding
- 09/2010
- Data as of
- 06/2022
- EIN
- 26-4646416
Organization Overview
Public Preparatory Network Inc is located in New York, NY. The organization was established in 2010. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 06/2022, Public Preparatory Network Inc employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Public Preparatory Network Inc 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 06/2022, Public Preparatory Network Inc generated $6.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $7.5m during the year ending 06/2022. While expenses have increased by 6.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
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
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARTER SCHOOL MARKETING/RECRUITMENT, FUNDRAISING AS WELL AS ACADEMIC, ADMINISTRATIVE AND FINANCIAL SUPPORT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Lawrence Director | Trustee | 1 | $0 |
Paul A Vermylen Jr Treasurer | OfficerTrustee | 1 | $0 |
Philip O Brandes Director | Trustee | 1 | $0 |
Mark Diker Chair | OfficerTrustee | 1 | $0 |
Margery Mayer Director | Trustee | 1 | $0 |
Nicole Kail Greene Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Teach For America Recruitment Cost And Tuition Fees | 6/29/22 | $128,500 |
4th Sector Solutions Inc Financial Services | 6/29/22 | $148,510 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,286,819 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,286,819 |
| Total Program Service Revenue | $5,597,057 |
| Investment income | $14 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,070 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,871,820 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $80,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $904,535 |
| Compensation of current officers, directors, key employees. | $162,817 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,946,392 |
| Pension plan accruals and contributions | $76,920 |
| Other employee benefits | $346,068 |
| Payroll taxes | $286,762 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $171,286 |
| Fees for services: Accounting | $15,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $894,758 |
| Advertising and promotion | $841,959 |
| Office expenses | $148,048 |
| Information technology | $117,783 |
| Royalties | $0 |
| Occupancy | $24,000 |
| Travel | $16,797 |
| 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 | $42,020 |
| Insurance | $38,581 |
| All other expenses | $9,835 |
| Total functional expenses | $7,459,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,450,688 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $57,500 |
| Accounts receivable, net | $250 |
| 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 | $76,606 |
| Net Land, buildings, and equipment | $62,267 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,647,311 |
| Accounts payable and accrued expenses | $656,383 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,174 |
| Total liabilities | $686,557 |
| Net assets without donor restrictions | $732,197 |
| Net assets with donor restrictions | $228,557 |
| 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 | $1,647,311 |