Capital Prep Charter Schools Ny
- Assets
- $5.7m
- Revenue
- $15.7m
- Investments
- $0.0
- Employees
- 115
- Location
- Bridgeport, CT
- Founding
- 09/2019
- Data as of
- 06/2021
- EIN
- 83-3596682
Organization Overview
Capital Prep Charter Schools Ny is located in Bridgeport, CT. The organization was established in 2019. 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, Capital Prep Charter Schools NY employed 115 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Prep Charter Schools NY 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, Capital Prep Charter Schools NY generated $15.7m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $14.1m during the year ending 06/2021. While expenses have increased by 27.6% per year over the past 2 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 PROVIDE HISTORICALLY DISADVANTAGED STUDENTS WITH THE COLLEGE AND CAREER READINESS SKILLS NEEDED TO BECOME RESPONSIBLE AND ENGAGED CITIZENS FOR SOCIAL JUSTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPITAL PREP CHARTER SCHOOLS NY HOLDS THE CHARTER FOR TWO SCHOOLS: CAPITAL PREPARATORY HARLEM CHARTER SCHOOL AND CAPITAL PREPARATORY BRONX CHARTER SCHOOL. THE SCHOOLS PROVIDED EDUCATION TO APPROXIMATELY 573 STUDENTS IN GRADES SIXTH THROUGH TWELFTH DURING THE 2020-2021 ACADEMIC YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tywone Redmond Principal | Officer | 50 | $159,355 |
Isaiah Brown Principal | Officer | 50 | $142,100 |
Kesha Atterberry Dean | 50 | $127,795 | |
Christopher Jones Instructional Coach | 50 | $120,415 | |
Timothy A Vetter Dean | 50 | $116,725 | |
Anntoinette S Angrum Teacher | 50 | $109,724 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Capital Preparatory Schools Management Services | 6/29/20 | $744,227 |
School Professionals Staffing Services | 6/29/20 | $147,679 |
Capital Preparatory Schools Management Services | 6/29/20 | $744,227 |
Capital Preparatory Schools Management Services | 6/29/20 | $744,227 |
School Professionals Staffing Services | 6/29/20 | $147,679 |
School Professionals Staffing Services | 6/29/20 | $147,679 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,153,424 |
| All other contributions, gifts, grants, and similar amounts not included above | $231,768 |
| Noncash contributions included in lines 1a–1f | $52,230 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,385,192 |
| Total Program Service Revenue | $13,335,931 |
| 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 | $15,721,123 |
| 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. | $512,380 |
| Compensation of current officers, directors, key employees. | $147,164 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,965,590 |
| Pension plan accruals and contributions | $56,468 |
| Other employee benefits | $765,863 |
| Payroll taxes | $599,633 |
| Fees for services: Management | $1,550,432 |
| Fees for services: Legal | $99,955 |
| Fees for services: Accounting | $50,638 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $311,770 |
| Advertising and promotion | $87,720 |
| Office expenses | $93,030 |
| Information technology | $221,736 |
| Royalties | $0 |
| Occupancy | $2,567,994 |
| 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 | $418,569 |
| Insurance | $54,750 |
| All other expenses | $130,537 |
| Total functional expenses | $14,141,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,589,842 |
| Savings and temporary cash investments | $100,000 |
| Pledges and grants receivable | $1,084,592 |
| Accounts receivable, net | $109,786 |
| 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 | $7,013 |
| Net Land, buildings, and equipment | $1,110,094 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $742,000 |
| Total assets | $5,743,327 |
| Accounts payable and accrued expenses | $139,216 |
| Grants payable | $0 |
| Deferred revenue | $4,974 |
| 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 | $1,519,716 |
| Total liabilities | $1,663,906 |
| Net assets without donor restrictions | $4,079,421 |
| 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 | $5,743,327 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Capital Prep Charter Schools Ny has recieved totaling $175,000.
| Awarding Organization | Amount |
|---|---|
Robin Hood Foundation New York, NY PURPOSE: GENERAL | $175,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Rhode Island Mayoral Academy Cumberland, RI | $44,692,718 | $42,226,919 |
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 |
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 |
Science Academies Of New York Charter Schools Syracuse, NY | $37,462,091 | $36,615,185 |
Neighborhood Charter School Of Harlem New York, NY | $14,146,226 | $29,485,952 |
Family Life Academy Charter School Bronx, NY | $22,096,110 | $34,718,608 |