2024-05-09T09:45:35-05:00 2023-06-30 161092347 MENGEL METZGER BARR & CO LLP 100 CHESTNUT STREET SUITE 1200 ROCHESTER NY 14604 990 2022-07-01 264646416 PUBLIC PREPARATORY NETWORK INC PUBL 2123466000 192 EAST 151ST ST FLOOR 1 BRONX NY 10451 JANELLE BRADSHAW CEO 2123466000 2024-05-02 1 JANELLE BRADSHAW 999009999 0 JACQUELINE B LEE CPA P00842765 5854231860 2024-05-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X JANELLE BRADSHAW 192 EAST 151ST ST FLOOR 1 BRONX NY 10451 5759312 0 X WWW.PUBLICPREP.ORG X 2008 NY 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 7 7 53 8 0 0 1286819 569955 5597057 5141874 -12056 -2178 0 0 6871820 5709651 80000 0 0 0 4560677 5433405 0 0 55268 2818705 1725554 7459382 7158959 -587562 -1449308 1647311 335609 686557 824163 960754 -488554 THE ORGANIZATION'S PURPOSE IS TO MANAGE AND SUPPORT A NETWORK OF OPEN-ENROLLMENT FREE COLLEGE PREPARATORY CHARTER SCHOOLS COMMITTED TO HIGH ACADEMIC STANDARDS, MERIT, CITIZENSHIP AND RESPONSIBILITY IN NEW YORK CITY'S NEEDIEST NEIGHBORHOODS. 0 0 4782336 5141874 CHARTER SCHOOL MARKETING/RECRUITMENT, FUNDRAISING AS WELL AS ACADEMIC, ADMINISTRATIVE AND FINANCIAL SUPPORT. 4782336 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 33 0 53 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X MUHAMMAD KHAN CONTROLLER 2123466000 192 EAST 151ST ST FLOOR 1 BRONX NY 10451 BRYAN LAWRENCE DIRECTOR - RESIGNED JAN 2024 1.00 1.00 X 0 0 0 PAUL A VERMYLEN JR TREASURER - RESIGNED JAN 2024 1.00 1.00 X X 0 0 0 PHILIP O BRANDES DIRECTOR - RESIGNED SEPT 2023 1.00 1.00 X 0 0 0 MARK DIKER CHAIR 1.00 1.00 X X 0 0 0 MARGERY MAYER DIRECTOR 1.00 1.00 X 0 0 0 NICOLE KAIL GREENE VICE CHAIR 1.00 1.00 X X 0 0 0 SARAH BRITTON DIRECTOR 1.00 X 0 0 0 SAMUEL GREEN DIRECTOR - JOINED DURING YEAR 1.00 X 0 0 0 JANELLE BRADSHAW CEO 41.00 1.00 X 411746 0 28289 JEANNEMARIE HENDERSHOT CHIEF OPERATING OFFICER 40.00 X 209729 0 18854 JENNY ZAMBRANO CHIEF FINANCIAL OFFICER - RESIGNED 01/19/2024 40.00 X 103042 0 9560 KEISHA MORRIS MANAGING DIRECTOR OF OPERATION 40.00 X 149649 0 0 GIUSEPPA L CARBONE SUPERINTENDENT 40.00 X 244189 0 29231 EMILEE CHRISTOPHER CHIEF TALENT OFFICER 40.00 X 203268 0 22220 RAFET ABDELJABBAR MANAGING DIRECTOR OF TALEN 40.00 X 135356 0 18871 MICHAEL BURGEVIN CHIEF ACADEMIC OFFICER 40.00 X 181911 0 14685 CAITLIN OMEIS MANAGING DIRECTOR OF SFA 40.00 X 122986 0 24447 MICHAEL FARKOSH SOARES DIRECTOR OF HUMMANITIES 40.00 X 122672 0 21517 1884548 0 187674 15 0 1 0 PROCFO PARTNERS 295 MADISON AVE 12TH FLOOR NEW YORK NY 10017 PART-TIME CFO SERVICES 249625 FILIPPATOS PLLC 199 MAIN STREET SUITE 800 WHITE PLAINS NY 10703 LEGAL 104486 2 569955 569955 MANAGEMENT FEES 611430 5141874 5141874 5141874 117 117 47366 49661 -2295 -2295 -2295 5709651 5141874 0 -2178 1550122 958204 563612 28306 3071165 1929412 1122533 19220 96835 57574 38682 579 447767 279873 163922 3972 267516 167010 97809 2697 42421 42421 50384 50384 607244 481811 124939 494 191876 168303 23573 87711 70145 17566 42211 39506 2705 47931 38345 9586 34790 27832 6958 55532 44426 11106 STAFF DEVELOPMENT 446730 411177 35553 SCHOOL SUPPORT 68694 68694 TELEPHONE & INTERNET 48910 39128 9782 REPAIRS 1120 896 224 7158959 4782336 2321355 55268 1450688 22892 47483 57500 109500 250 16008 76606 93499 326066 279839 62267 46227 1647311 335609 656383 568265 30174 255898 686557 824163 X 732197 -653261 228557 164707 960754 -488554 1647311 335609 -1449308 0 X X 0 1 X 1 0 X 1506040 1402085 2012826 1286819 569955 6777725 1506040 1402085 2012826 1286819 569955 6777725 1917115 4860610 935 57 10 14 117 1133 6778858 26478703 0.71700 0.70630 X SCHEDULE A, PART I, LINE 7 THE ORGANIZATION RECEIVED AN IRS DETERMINATION LETTER WITH A PUBLIC CHARITY STATUS OF 509(A)(2). THE ORGANIZATION FAILED THE PART III TEST AND THEREFORE COMPLETED PART II TEST AND SELECTED BOX 7 ON SCHEDULE A, PART I. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 249347 219220 30127 76719 60619 16100 46227 RELATED PARTY PAYABLES 255898 255898 X 6042146 332495 332495 5709651 0 5709651 7491454 332495 332495 7158959 0 7158959 PART X, LINE 2: THE ORGANIZATION IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. THE ORGANIZATION FILES FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN NEW YORK STATE. WITH FEW EXCEPTIONS, AS OF JUNE 30, 2023, THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDED PRIOR TO JUNE 30, 2020. THE TAX RETURNS FOR YEARS ENDED JUNE 30, 2020 THROUGH JUNE 30, 2023 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS AND TAXING AUTHORITIES IN NEW YORK STATE. MANAGEMENT OF THE ORGANIZATION BELIEVES THEY HAVE NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, HAVE NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. 1 X 0 0 0 0 0 0 0 1 0 JANELLE BRADSHAW CEO 336746 0 75000 0 0 0 10500 0 17789 0 440035 0 0 0 GIUSEPPA L CARBONE SUPERINTENDENT 209189 0 35000 0 0 0 11442 0 17789 0 273420 0 0 0 JEANNEMARIE HENDERSHOT CHIEF OPERATING OFFICER 209729 0 0 0 0 0 6975 0 11879 0 228583 0 0 0 EMILEE CHRISTOPHER CHIEF TALENT OFFICER 203268 0 0 0 0 0 10895 0 11325 0 225488 0 0 0 MICHAEL BURGEVIN CHIEF ACADEMIC OFFICER 181911 0 0 0 0 0 7833 0 6852 0 196596 0 0 0 RAFET ABDELJABBAR MANAGING DIRECTOR OF TALEN 135356 0 0 0 0 0 6992 0 11879 0 154227 0 0 0 PART I, LINE 7 THE CEO COMPENSATION AND BONUS WAS DETERMINED AND APPROVED BY THE BOARD OF TRUSTEES BASED ON PERFORMANCE, ALL OTHER BONUSES ARE DETERMINED BY THE CEO X 2 49661 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 TWO MEMBERS OF THE BOARD ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY MANAGEMENT AND THEN REVIEWED AND APPROVED BY THE BOARD BEFORE SUBMISSION TO THE APPROPRIATE TAXING AUTHORITIES. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY. BOARD MEMBERS ARE BOUND BY FIDUCIARY DUTY TO DISCLOSE ANY CONFLICTS. ANNUALLY A RESOLUTION IS ADOPTED REAFFIRMING A COMMITMENT TO THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 PUBLIC PREP HAS ESTABLISHED A SALARY SCALE FOR ALL STAFF POSITIONS. EMPLOYEE EXPERIENCE IS ANALYZED IN RELATION TO THE REQUIRED YEARS OF EXPERIENCE WITH THE JOB REQUIREMENTS. THE CEO IS AN EMPLOYEE OF THE ORGANIZATION AND COMPENSATION IS DETERMINED BY PPN'S BOARD. ANY CHANGES TO A STAFF MEMBER'S SALARY WILL BE APPROVED BY THE DIRECTOR OF HUMAN RESOURCES IN WRITING OR ELECTRONICALLY AND DOCUMENTED VIA A PAYROLL STATUS CHANGE FORM. A COPY OF THIS FORM WILL BE MAINTAINED IN THE EMPLOYEE FILE. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS AND CAN BE PRESENTED UPON REQUEST. FORM 990, PART XII, LINE 2C THE BOARD HAS NOT CHANGED ITS PROCESS FOR SELECTING THE INDEPENDENT AUDITOR NOR HAVE THEY CHANGED THE OVERSIGHT OF THE AUDIT FROM PRIOR YEARS.