Public Prep Charter School Academies

Organization Overview

Public Prep Charter School Academies is located in Bronx, NY. The organization was established in 2005. 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, Public Prep Charter School Academies employed 444 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Public Prep Charter School Academies 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 Prep Charter School Academies generated $52.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $43.5m during the year ending 06/2021. While expenses have increased by 8.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE CHARTER SCHOOL'S MISSION IS TO PREPARE UNDERSERVED ELEMENTARY AND MIDDLE SCHOOL STUDENTS FOR HIGHER EDUCATION, CIVIC INVOLVEMENT AND LIFELONG SUCCESS THROUGH A STRUCTURED, CARING ENVIRONMENT OF HIGH ACADEMIC EXPECTATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EXPENDITURES TOWARDS IMPLEMENTATION AND OPERATION OF ELEMENTARY AND MIDDLE PUBLIC CHARTER SCHOOLS IN NEW YORK. EXPENSES COVER: SALARIES AND BENEFITS FOR INSTRUCTIONAL AND ADMINISTRATIVE EMPLOYEES, CLASSROOM AND OFFICE SUPPLIES, RECRUITMENT OF STUDENTS AND STAFF, EXTENSIVE PROFESSIONAL DEVELOPMENT, BOOKS, FURNITURE, CONTRACTED EDUCATIONAL SERVICES, INFORMATION TECHNOLOGIES, EQUIPMENT RENTAL AND DEPRECIATION, INSURANCE, LEGAL EXPENSES, CONSULTANTS, LOCAL TRAVEL AND MISCELLANEOUS EXPENSES RELATED TO THE SUCCESSFUL OPERATION OF THE SCHOOLS.


EXPENDITURES TOWARDS IMPLEMENTATION AND OPERATION OF 3 PRE-K PUBLIC CHARTER SCHOOLS IN NEW YORK.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Acs International Resources Inc
It Infrastructure, Equipment, Etc.
$371,879
Kokua Education
Substitute Services
$296,195
Public Preparatory Network Inc
Management Services
$5,798,627
Friends Of Girls Preparatory Charter Sch
Rent
$3,621,474
Austin & Co
Insurance
$369,132
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $12,209,907
All other contributions, gifts, grants, and similar amounts not included above$11,100
Noncash contributions included in lines 1a–1f $146,665
Total Revenue from Contributions, Gifts, Grants & Similar$12,221,007
Total Program Service Revenue$40,682,855
Investment income $53
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 $52,903,915

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