Benjamin Banneker Prep Inc
- Assets
- $4.9m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 77
- Location
- Willingboro, NJ
- Founding
- 09/2012
- Data as of
- 06/2021
- EIN
- 45-1000121
Organization Overview
Benjamin Banneker Prep Inc is located in Willingboro, NJ. The organization was established in 2012. 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, Benjamin Banneker Prep Inc employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Benjamin Banneker Prep 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, Benjamin Banneker Prep Inc generated $7.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $6.7m during the year ending 06/2021. While expenses have increased by 18.4% 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 MISSION OF THE BENJAMIN BANNEKER PREPARATORY CHARTER SCHOOL (BBPCS) IS TO DEVELOP THE NEXT GENERATION OF OUTSTANDING LEADERS WHO WILL BE EQUIPPED WITH THE ACADEMIC EXCELLENCE, SELF-MANAGEMENT SKILLS AND CHARACTER NECESSARY FOR THEM TO POSITIVELY INFLUENCE THEIR WORLD. THE VISION OF BBPCS IS AN EDUCATIONAL ENVIRONMENT, WHICH SUPPORTS STUDENT ENGAGEMENT AND EMPOWERS ALL STUDENTS TO IDENTIFY AND UTILIZE THEIR OWN LEADERSHIP ABILITIES AND GIFTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BENJAMIN BANNEKER PREPARATORY CHARTER SCHOOL JUST COMPLETED ITS SIXTH YEAR OF OPERATIONS. THE CHARTER SCHOOL PROVIDES A FULL RANGE OF SERVICES APPROPRIATE TO GRADES 6 THRU 8. THESE SERVICES INCLUDE REGULAR, AS WELL AS SPECIAL EDUCATION AND BASIC SKILLS INSTRUCTION. THE CHARTER SCHOOL COMPLETED THE 2020-2021 SCHOOL YEAR WITH AN ENROLLMENT OF 358 STUDENTS.THE BENJAMIN BANNEKER PREPARATORY CHARTER SCHOOL HAS DEVELOPED A COMPREHENSIVE STRATEGIC PLAN TO SUPPORT ITS MISSION AND VISION AND SERVES AS A BLUEPRINT FOR THE ACHIEVEMENT OF ITS GOALS. THE PLAN INCLUDES OBJECTIVES SUCH AS PUPIL ACHIEVEMENT AS MEASURED BY STANDARDIZED TESTS AND TEACHER ASSESSMENT INSTRUMENTS; FORMAL PROFESSIONAL DEVELOPMENT FOR THE CERTIFIED AND NON-CERTIFIED STAFF; AND THE IMPLEMENTATION OF A TECHNOLOGY PLAN IN ALL CLASSROOMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Wilson Jr Lead Administr | Officer | 40 | $167,889 |
Glenn A Richardson Bus. Administr | Officer | 40 | $158,375 |
Shanique Taliferro Trustee | Trustee | 3 | $0 |
Dejon Barbour Pres-Bd Trustee | Trustee | 3 | $0 |
Jody Walker Trustee | Trustee | 3 | $0 |
Andaiye Al-Uqdah Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,446,701 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,446,701 |
| Total Program Service Revenue | $589,025 |
| Investment income | $0 |
| 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 | $7,069,483 |
| 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. | $2,603,719 |
| Compensation of current officers, directors, key employees. | $712,512 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $660,401 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,594,230 |
| Payroll taxes | $0 |
| Fees for services: Management | $712,023 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $245,070 |
| Advertising and promotion | $0 |
| Office expenses | $285,063 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $210,063 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $156,978 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,267 |
| Insurance | $77,408 |
| All other expenses | $0 |
| Total functional expenses | $6,718,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,605,053 |
| Savings and temporary cash investments | $35,397 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81,571 |
| 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 | $12,818 |
| Net Land, buildings, and equipment | $2,514,321 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $697,876 |
| Total assets | $4,947,036 |
| Accounts payable and accrued expenses | $2,363,555 |
| Grants payable | $47,940 |
| Deferred revenue | $56,072 |
| 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 | $1,490,156 |
| Total liabilities | $3,957,723 |
| Net assets without donor restrictions | $953,916 |
| Net assets with donor restrictions | $35,397 |
| 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 | $4,947,036 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Our World Neighborhood Charter School Astoria, NY | $8,035,800 | $19,394,981 |
Zeta Charter Schools - New York City Bronx, NY | $8,294,050 | $24,042,847 |
Tapestry Charter School Buffalo, NY | $42,673,326 | $19,036,142 |
Belmont Charter School Philadelphia, PA | $6,922,339 | $21,008,354 |
Riverton Street Charter School Jamaica, NY | $876,028 | $18,020,045 |
Community Partnership Charter School Brooklyn, NY | $6,697,823 | $17,421,510 |
University Heights Charter School Of Excellence Inc Newark, NJ | $19,966,425 | $19,377,888 |
Propel Charter School Sunrise Pittsburgh, PA | $9,914,076 | $19,454,226 |
West Oak Lane Charter School Philadelphia, PA | $9,484,536 | $17,633,515 |
New World Preparatory Charter School Staten Island, NY | $11,039,877 | $15,891,688 |
Central Jersey College Preparatory Charter School Somerset, NJ | $11,475,546 | $18,846,415 |
Mast Community Charter School Iii Philadelphia, PA | $53,124,349 | $21,172,350 |