2026-04-06T14:59:30-05:00 2025-06-30 161092347 MENGEL METZGER BARR & CO LLP 370 WOODCLIFF DRIVE SUITE 2A FAIRPORT NY 14450 990 2024-07-01 810650329 PUBLIC PREP CHARTER SCHOOL ACADEMIES PUBL 2123466000 192 EAST 151ST STREET 1ST FLOOR BRONX NY 10451 R BOYKIN CURRY CHAIR 2123466000 2026-03-18 1 1 JACQUELINE B LEE CPA P00842765 5854231860 2026-03-18 2024 2025-03-06 01:10:19Z R BOYKIN CURRY 192 EAST 151ST STREET 1ST FLOOR BRONX NY 10451 43216135 0 X PUBLICPREP.ORG X 2004 NY OUR MISSION IS SIMPLE: WE AIM TO GUIDE CHILDREN TO REALIZE THEIR INHERENT GREATNESS. FROM A VERY YOUNG AGE, WE REINFORCE TO OUR SCHOLARS THAT THEY ARE AGENTS OF CHANGE. WE GUIDE SCHOLARS TO EMBODY THE VALUES OF SCHOLARSHIP, EXCELLENCE, COMMUNITY, AND INTEGRITY AS THEY DEVELOP THEIR ABILITIES TO READ, WRITE, LISTEN, SPEAK, CREATE, AND THINK CRITICALLY ACROSS DISCIPLINES. WITH A PARTICULAR FOCUS ON SCIENCE, THE ARTS, AND MATH, WE PREPARE THEM TO NAVIGATE AND CONTRIBUTE MEANINGFULLY TO AN INCREASINGLY COMPLEX WORLD. 5 4 479 8 0 0 14878498 11322688 34583988 31477954 382574 415493 0 0 49845060 43216135 0 0 0 0 26405547 22427287 0 0 0 22089129 31253860 48494676 53681147 1350384 -10465012 118414017 232098286 92847023 216996304 25566994 15101982 X OUR MISSION IS SIMPLE: WE AIM TO GUIDE CHILDREN TO REALIZE THEIR INHERENT GREATNESS. FROM A VERY YOUNG AGE, WE REINFORCE TO OUR SCHOLARS THAT THEY ARE AGENTS OF CHANGE. WE GUIDE SCHOLARS TO EMBODY THE VALUES OF SCHOLARSHIP, EXCELLENCE, COMMUNITY, AND INTEGRITY AS THEY DEVELOP THEIR ABILITIES TO READ, WRITE, LISTEN, SPEAK, CREATE, AND THINK CRITICALLY ACROSS DISCIPLINES. WITH A PARTICULAR FOCUS ON SCIENCE, THE ARTS, AND MATH, WE PREPARE THEM TO NAVIGATE AND CONTRIBUTE MEANINGFULLY TO AN INCREASINGLY COMPLEX WORLD. 0 0 46301882 30275919 EXPENDITURES TOWARDS IMPLEMENTATION AND OPERATION OF 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. 1514985 1202035 EXPENDITURES TOWARDS IMPLEMENTATION AND OPERATION OF 2 PRE-K PROGRAMS IN NEW YORK. 47816867 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 59 0 479 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X VIKAS KAUSHAL 2123466000 192 EAST 151ST STREET 1ST FLOOR BRONX NY 10451 X LAURA WEIL SECRETARY 1.00 1.00 X X 0 0 0 NICOLE KAIL GREENE VICE SECRETARY 1.00 X X 0 0 0 R BOYKIN CURRY CHAIR 1.00 X X 0 0 0 TAMARA ZACHERY TRUSTEE 1.00 X 0 0 0 KHAIRAH KLEIN TRUSTEE (RESIGNED DURING YEAR) 1.00 X 0 0 0 SAMUEL GREENE TRUSTEE (RESIGNED DURING YEAR) 1.00 X 0 0 0 KRISTINE RIVERIA TRUSTEE (JOINED DURING YEAR) 1.00 X 0 0 0 NOELANI GABRIEL-HOLT GPBX - II PRINCIPAL 40.00 X 174796 0 9204 STEVE PAUL BP ES PRINCIPAL 40.00 X 169534 0 34083 JANA KATZ DIRECTOR OF STUDENT SUPPORTS 40.00 X 128501 0 17098 JIM JACK DIRECTOR OF ARTS AND PARTNERSHIPS 40.00 X 126957 0 7409 VANESSA TINEO-FERREIRA DIRECTOR OF SFA 40.00 X 122167 0 10673 PATRICIA PARK ACADEMIC DIRECTOR 40.00 X 121584 0 11833 CHRISTINA PINKS SENIOR DIRECTOR OF OPERATIONS 40.00 X 117052 0 16611 960591 0 106911 17 0 1 0 FRIENDS OF PUBLIC PREP ACADEMIES INC 192 EAST 151 STREET BRONX NY 10451 RENT & BUILDING SERVICES 5959132 PUBLIC PREPARATORY NETWORK INC 192 EAST 151ST STREET BRONX NY 10451 MANAGEMENT SERVICES 2664883 RED RABBIT LLC 2214 FREDERICK DOUGLASS BOULEVARD S NEW YORK NY 10026 FOOD SERVICES 644387 KOKUA 318 W ADAMS CHICAGO IL 60605 SUBSTITUTE TEACHER SERVICES 559600 CHARTER TECHNOLOGY SOLUTIONS 132 32ND STREET BROOKLYN NY 11232 TECHNOLOGY SUPPORT 557395 10 9780262 1542426 98393 11322688 STATE & LOCAL PER PUPIL OPERATING 611110 30708815 30708815 MEAL REIMBURSEMENTS - FED. & STAT 611110 575086 575086 AFTER SCHOOL 611110 106483 106483 OTHER INCOME 611110 87570 87570 31477954 415493 415493 43216135 31477954 0 415493 389745 311797 77948 18561796 17505176 1056620 356877 337419 19458 1473426 1397341 76085 1645443 1551653 93790 5951965 4761573 1190392 86840 86840 69317 69317 1847912 1650125 197787 400003 375803 24200 111370 105336 6034 434419 415023 19396 14773971 14675023 98948 1347485 1267881 79604 351395 332381 19014 BAD DEBT EXPENSE 2532496 2532496 SUPPLIES AND MATERIALS 1054787 1051353 3434 STUDENT SERVICES 766651 757499 9152 STAFF DEVELOPMENT 607016 573039 33977 918233 748445 169788 53681147 47816867 5864280 0 1842314 2952443 7732902 8136741 7798899 2229120 606343 92570 9929312 6631622 2814501 3297690 97619058 215389722 118414017 232098286 4734726 2946841 88112297 214049463 92847023 216996304 X 25235021 14919995 331973 181987 25566994 15101982 118414017 232098286 -10465012 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1675051 807784 867267 4067246 3222208 845038 4187015 2601630 1585385 3297690 SECURITY DEPOSIT 502325 RELATED PARTY RECEIVABLES 8050669 CASH IN ESCROW 326502 RIGHT-OF-USE ASSETS 206510226 215389722 LEASE LIABILITY 214049463 214049463 X 44975960 1759825 1759825 43216135 0 43216135 55440972 1759825 1759825 53681147 0 53681147 PART X, LINE 2: THE ORGANIZATION IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE REGULATIONS AND, ACCORDINGLY, IS EXEMPT FROM FEDERAL AND STATE TAXES ON INCOME. PUBLIC PREP ACADEMIES AND FRIENDS FILE FORM 990 TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. IN ADDITION, FRIENDS FILES IN NEW YORK. THE ORGANIZATION'S CURRENT AND PRIOR THREE YEARS TAX RETURNS REMAIN SUBJECT TO REVIEW BY TAXING AUTHORITIES. MANAGEMENT OF THE ORGANIZATION BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THIS POLICY IS CLEARLY STATED ON OUR WEBSITE, DURING RECRUITMENT PRESENTATION AND ON RECRUITMENT MATERIALS. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES GRANTS FROM NEW YORK STATE AND THE FEDERAL GOVERNMENT. 0 0 0 0 0 0 0 1 0 STEVE PAUL BP ES PRINCIPAL 156410 0 13124 0 0 0 0 0 34083 0 203617 0 0 0 NOELANI GABRIEL-HOLT GPBX - II PRINCIPAL 159418 0 15378 0 0 0 7971 0 1233 0 184000 0 0 0 PART I, LINE 7 YEAR-END BONUSES ARE REVIEWED AND APPROVED BY THE BOARD. X 98393 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 TWO OF THE BOARD MEMBERS ARE MARRIED. FORM 990, PART VI, SECTION A, LINE 3 'THE SCHOOL DELEGATES CERTAIN MANAGEMENT AND OTHER ADMINISTRATIVE SUPPORT RESPONSIBILITIES RELATING TO PRE-K THROUGH 8TH GRADE TO PUBLIC PREPARATORY NETWORK, INC. (PPN), AN UNRELATED 501(C)(3) ORGANIZATION. PPN WAS PAID $5,099,768 IN MANAGEMENT FEES DURING FISCAL YEAR ENDING JUNE 30, 2025 FOR SERVICES PROVIDED TO THE SCHOOL, INCLUDING THE SERVICES OF THE CEO. EFFECTIVE NOVEMBER 21, 2024, THE SCHOOL AND PPN ENTERED INTO A PARTNERSHIP WITH EXCELLENCE COMMUNITY SCHOOLS, INC. ("EXCELLENCE"), A CHARTER SCHOOL MANAGEMENT ORGANIZATION IN THE NEW YORK CITY AREA. THE AGREEMENT REQUIRED EXCELLENCE TO PROVIDE CERTAIN CMO SERVICES TO ASSIST PPN WITH CERTAIN MANAGEMENT AND ADMINISTRATIVE SUPPORT TO THE SCHOOL THROUGH JULY 31, 2025. EFFECTIVE JULY 1, 2025, THIS PARTNERSHIP AGREEMENT WAS SUPERSEDED BY AN EDUCATIONAL SERVICES AGREEMENT IN WHICH EXCELLENCE WILL PROVIDE EDUCATIONAL AND OPERATIONAL SERVICES TO THE SCHOOL WITH A TERM THROUGH JUNE 30, 2030. THE SCHOOL DELEGATES CERTAIN MANAGEMENT AND ADMINISTRATIVE SUPPORT RESPONSIBILITIES RELATING TO THE HIGH SCHOOL GRADES TO VERTEX PARTNERSHIP ACADEMIES (VERTEX), AN UNRELATED 501(C)(3). VERTEX WAS PAID $852,197 IN MANAGEMENT FEES DURING FISCAL YEAR ENDING JUNE 30, 2025 FOR SERVICES PROVIDED TO THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED WITH THE ASSISTANCE OF THE FINANCIAL CONSULTANT AND REVIEWED BY THE CFO. THE FINANCE COMMITTEE REVIEWS THE DRAFT 990 BEFORE IT IS FILED. THE ENTIRE FORM 990 IS EMAILED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS. 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 INSTRUCTIONAL AND NON-INSTRUCTIONAL STAFF POSITIONS. FOR INSTRUCTIONAL POSITIONS, THE SALARY SCALE CREDITS EMPLOYEES FOR COMPLETED YEARS OF EXPERIENCE, DEGREES, AND NYS DOE TEACHER CERTIFICATION. FOR NON-INSTRUCTIONAL POSITIONS, THE SALARY SCALE CREDITS YEARS OF EXPERIENCE WITH THE JOB REQUIREMENTS. 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 LOCATED AT THE ORGANIZATION AND ARE AVAILABLE 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. FRIENDS OF PUBLIC PREP ACADEMIES INC 192 EAST 151ST STREET BRONX NY 10451 731684599 SUPPORTS THE SCHOOL IN FACILITY DEVELOPMENT, RECRUITING & FUNDRAISING NY 501(C)(3) LINE 7 1 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 FRIENDS OF PUBLIC PREP ACADEMIES INC D 8050669 BOOK FRIENDS OF PUBLIC PREP ACADEMIES INC K 13530208 BOOK