Public Preparatory Network Inc
- Assets
- $2.9m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 43
- Location
- Bronx, NY
- Founding
- 09/2010
- Data as of
- 06/2021
- EIN
- 26-4646416
Organization Overview
Public Preparatory Network Inc is located in Bronx, 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 06/2021, Public Preparatory Network Inc employed 43 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 06/2021, Public Preparatory Network Inc generated $7.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $6.0m during the year ending 06/2021. While expenses have increased by 4.0% 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
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janelle Bradshaw CEO | Officer | 41 | $374,461 |
Michele Cerwin COO | Officer | 40 | $317,915 |
Giuseppa L Carbone Asst. Superintendent | Officer | 40 | $209,967 |
Emilee Christopher Mng. Dir. Of Talent | 40 | $152,191 | |
Emily Zaeske Dir. Of Student Suppor | 40 | $140,268 | |
Eldrid Sequeira Dir. Of Data Vis. & Math | 40 | $140,126 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charter School Business Management Inc Financial Services | 6/29/19 | $147,558 |
436 East 149th Sreet Realty Management L Rent | 6/29/19 | $130,456 |
Metamorphosis Professional Development | 6/29/19 | $105,530 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $567,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,445,326 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,012,826 |
| Total Program Service Revenue | $5,862,140 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $793 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,875,769 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $124,750 |
| 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. | $1,110,982 |
| Compensation of current officers, directors, key employees. | $221,369 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,676,568 |
| Pension plan accruals and contributions | $83,585 |
| Other employee benefits | $430,380 |
| Payroll taxes | $256,711 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,332 |
| Fees for services: Accounting | $32,757 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $426,430 |
| Advertising and promotion | $148,507 |
| Office expenses | $36,598 |
| Information technology | $80,904 |
| Royalties | $0 |
| Occupancy | $49,500 |
| Travel | $2,906 |
| 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 | $19,489 |
| Insurance | $33,239 |
| All other expenses | $9,333 |
| Total functional expenses | $6,009,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,077,046 |
| Savings and temporary cash investments | $228,288 |
| Pledges and grants receivable | $400,000 |
| 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 | $105,914 |
| Net Land, buildings, and equipment | $47,368 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,858,866 |
| Accounts payable and accrued expenses | $554,929 |
| 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 | $755,621 |
| Total liabilities | $1,310,550 |
| Net assets without donor restrictions | $1,102,455 |
| Net assets with donor restrictions | $445,861 |
| 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 | $2,858,866 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Public Preparatory Network Inc has recieved totaling $691,035.
| Awarding Organization | Amount |
|---|---|
Charter Fund Inc Broomfield, CO PURPOSE: CHARTER SCHOOL GROWTH | $500,000 |
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO SUPPORT HIGH-QUALITY NYC CHARTERS BY PROVIDING OPERATING SUPPORT FOR MULTIPLE NEW SCHOOLS AND BACK-OFFICE INFRASTRUCTURE SUPPORT. | $100,000 |
Walton Family Foundation Inc Bentonville, AR PURPOSE: BUILD AWARENESS AND SUPPORT FOR CHARTER SCHOOLS IN NEW YORK CITY. | $50,000 |
Robin Hood Foundation New York, NY PURPOSE: POVERTY RELIEF | $25,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $16,015 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $20 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Classrooms Innovation Partners Inc New York, NY | $17,880,577 | $14,247,177 |
Nj Edge Net Inc Newark, NJ | $7,375,107 | $12,640,759 |
Building Responsible Intelligent Creative Kids Newark, NJ | $6,605,179 | $12,103,226 |
Ub Associates Inc Buffalo, NY | $9,112,520 | $9,705,784 |
College Association At Delhi Inc Delhi, NY | $7,817,922 | $8,398,682 |
Bes Inc Boston, MA | $9,472,977 | $7,138,485 |
Ilearn Schools Inc Fair Lawn, NJ | $13,400,113 | $8,692,177 |
Green Mountain Higher Education Consortium Inc Shelburne, VT | $1,891,239 | $6,372,980 |
Public Preparatory Network Inc Bronx, NY | $2,858,866 | $7,875,769 |
21st Century Partnership For Stem Education Conshohocken, PA | $827,740 | $5,172,923 |
Nellco Law Library Consortium Inc Albany, NY | $1,891,684 | $4,822,590 |
Council For Aid To Education Inc New York, NY | $2,451,648 | $5,084,606 |