Challenge Preparatory Charter School
- Assets
- $9.9m
- Revenue
- $17.6m
- Investments
- $0.0
- Employees
- 148
- Location
- Far Rockaway, NY
- Founding
- 07/2013
- Data as of
- 06/2021
- EIN
- 27-2203903
Organization Overview
Challenge Preparatory Charter School is located in Far Rockaway, NY. The organization was established in 2013. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Challenge Preparatory Charter School employed 148 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Challenge Preparatory Charter 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 06/2021, Challenge Preparatory Charter School generated $17.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $16.0m during the year ending 06/2021. While expenses have increased by 10.3% 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
TO PREPARE STUDENTS TO GAIN ADMISSION TO AND SUCCEED IN COMPETITIVE HIGH SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR THE 2020-2021 SCHOOL YEAR, WE SERVED APPROXIMATELY 905 STUDENTS IN GRADES KINDERGARTEN THROUGH EIGHTH. THE SCHOOL IMPLEMENTS SEVERAL PRACTICES THAT HELP MAINTAIN INSTRUCTIONAL COHERENCE. ONE OF THOSE PRACTICES IS THE USE OF PARENT-COMMUNICATION NOTEBOOKS. A SEPARATE NOTEBOOK IS KEPT FOR THE SPECIFIC USE OF COMMUNICATING WITH PARENTS. NOTES AND INFORMATION ARE WRITTEN IN THE PARENT-COMMUNICATION BOOK ON A DAILY BASIS. THESE NOTES HELP KEEP OUR PARENTS INFORMED OF HOW THEIR SCHOLAR IS DOING EACH DAY. PARENTS ARE ALSO INVITED TO TAKE PART IN THEIR SCHOLAR'S EDUCATION AS THEY ASSIST THE CLASSROOM TEACHER, READ STORIES, OR SHARE THEIR TALENTS IN THEIR SCHOLAR'S CLASSROOM THROUGH PARTICIPATION IN PARENT INVOLVEMENT DAY. CLASSROOM PARENTS ARE ALSO INVITED TO A MONTHLY BRUNCH WITH THE SCHOOL LEADER. A SECOND PRACTICE IMPLEMENTED AT THE SCHOOL IS AN EXTENDED TWO HOUR LITERACY BLOCK AND A 90-MINUTE MATH BLOCK. TECHNOLOGY, DIFFERENTIATED INSTRUCTION, SMALL GROUPS, CENTER ACTIVITIES, AND PEER/TEACHER FEEDBACK ARE ALL INCORPORATED INTO THE EXTENDED LEARNING BLOCKS. A THIRD PRACTICE IS THE USE OF A VARIETY OF DATA COLLECTION METHODS INCLUDING BUT NOT LIMITED TO SCHOLAR PORTFOLIOS, INDIVIDUALIZED ACADEMIC PLANS, CLASS DATA BINDERS, AND DIBELS ASSESSMENTS. THE COLLECTION OF DATA IS THEN USED TO DRIVE INSTRUCTION AND THE RESULTS ARE SHARED WITH PARENTS DURING PARENT-TEACHER CONFERENCES. ALL OF THESE PRACTICES HELP DRIVE INSTRUCTION AND CREATE AN INVITING LEARNING ENVIRONMENT BY BRIDGING THE GAP BETWEEN HOME AND SCHOOL, WHICH IS ESSENTIAL IN MAINTAINING AN INSTRUCTIONAL COHERENT ATMOSPHERE. AT THE SCHOOL, WE PLACE A STRONG EMPHASIS ON ACADEMIC EFFORT AND ACHIEVEMENT. IN ADDITION, WE STRESS POSITIVE STUDENT BEHAVIOR AND CHARACTER BUILDING. ALL STAKEHOLDERS KNOW AND UNDERSTAND THE SCHOOL'S MISSION STATEMENT AND EDUCATIONAL GOALS. WE DETERMINE INSTRUCTIONAL STRATEGIES AND PRIORITIES BY EXAMINING THE ASSESSMENTS OF STUDENT ACHIEVEMENT. STUDENT ASSESSMENTS GIVE ADMINISTRATORS AND TEACHERS A CHANCE TO SEE WHAT LEVEL EACH SCHOLAR IS ACHIEVING OR STRUGGLING WITH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Leslie Mullings Ceo/founder | Officer | 40 | $216,804 |
Mavgar Mondesir-Gordon Principal, 6th-9th | Officer | 40 | $168,535 |
Nicole Griffin Principal, K-5th | Officer | 40 | $155,909 |
Kentia Coreus Sr. Director Of Elementary | 40 | $153,395 | |
Carolyn Thomas Assistant Principal, K-5th | 40 | $118,299 | |
Eunice Armstrong Finance Director | 40 | $115,482 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
School Professionals Education Consultants | 6/29/20 | $170,683 |
School Professionals Education Consultants | 6/29/20 | $170,683 |
School Professionals Education Consultants | 6/29/20 | $170,683 |
Hcwc Inc Compliance & Oversight | 6/29/20 | $165,058 |
Hcwc Inc Compliance & Oversight | 6/29/20 | $165,058 |
Adp Total Source Group Inc Management / Peo | 6/29/20 | $282,654 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $641,616 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,340 |
| Noncash contributions included in lines 1a–1f | $59,460 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $649,956 |
| Total Program Service Revenue | $16,918,356 |
| Investment income | $5 |
| 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 | $17,577,725 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $595,236 |
| Compensation of current officers, directors, key employees. | $343,232 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,190,303 |
| Pension plan accruals and contributions | $170,323 |
| Other employee benefits | $936,572 |
| Payroll taxes | $770,420 |
| Fees for services: Management | $401,051 |
| Fees for services: Legal | $10,086 |
| Fees for services: Accounting | $29,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $654,253 |
| Advertising and promotion | $0 |
| Office expenses | $149,746 |
| Information technology | $92,952 |
| Royalties | $0 |
| Occupancy | $3,025,089 |
| Travel | $0 |
| 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 | $258,080 |
| Insurance | $124,959 |
| All other expenses | $16,844 |
| Total functional expenses | $15,960,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,205,874 |
| Savings and temporary cash investments | $2,500,000 |
| Pledges and grants receivable | $365,449 |
| 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 | $542,925 |
| Net Land, buildings, and equipment | $1,366,039 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $925,999 |
| Total assets | $9,906,286 |
| Accounts payable and accrued expenses | $1,515,644 |
| Grants payable | $0 |
| Deferred revenue | $315,546 |
| 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 | $4,452,676 |
| Total liabilities | $6,283,866 |
| Net assets without donor restrictions | $3,622,420 |
| 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 | $9,906,286 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mastery Charter High School Philadelphia, PA | $43,740,057 | $52,618,647 |
Public Prep Charter School Academies Bronx, NY | $28,993,375 | $52,903,915 |
Achievement First Inc New Haven, CT | $52,811,061 | $64,422,955 |
Explore Excel Charter School Brooklyn, NY | $21,686,253 | $46,865,700 |
Brooklyn Prospect Charter School Brooklyn, NY | $14,747,543 | $42,286,541 |
Little Red School House Inc New York, NY | $50,588,811 | $36,915,940 |
Philadelphia Performing Arts A String Theory Charter School Philadelphia, PA | $27,708,411 | $43,176,770 |
True North Rochester Preparatorycharter School Rochester, NY | $31,478,453 | $41,687,630 |
Classical Charter Schools Bronx, NY | $15,984,342 | $34,614,781 |
Bronx Charter School For Excellence Bronx, NY | $63,378,035 | $40,736,120 |
Avon Grove Charter School West Grove, PA | $50,579,082 | $34,467,872 |
Science Academies Of New York Charter Schools Syracuse, NY | $37,462,091 | $36,615,185 |