PREP FOR PREP

Financials

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

Address and contacts

Address (IRS master file)

328 W 71ST ST, NEW YORK, NY 10023-3502

Principal officer (990 for 2024)

DIAHANN BILLINGS, 328 WEST 71ST STREET, NEW YORK, NY 100233502

Signed the 990

DIAHANN BILLINGS, CHIEF EXECUTIVE OFFICER

Phone

(212) 579-1390

Website

WWW.PREPFORPREP.ORG

Return prepared by

MITCHELL & TITUS LLP

Mission

PREP FOR PREP WAS ESTABLISHED IN 1978 WITH THE OBJECTIVE OF PROVIDING EDUCATIONAL ACCESS AND OPPORTUNITY TO NEW YORK CITY'S MOST PROMISING STUDENTS TO ENABLE THEM TO BECOME LEADERS IN THEIR COMMUNITIES AND IN THE COUNTRY'S MAJOR INSTITUTIONS.

Program accomplishments

• PREPARATORY PROGRAMS PREP REDEFINES OPPORTUNITY FOR TOP STUDENTS IN NYC PUBLIC SCHOOLS THROUGH EXCEPTIONAL ACADEMIC AND SOCIAL PREPAREDNESS PROGRAMMING A RIGOROUS 14-MONTH COURSE OF STUDYTHAT RESULTS IN PLACING APPROXIMATELY 200 STUDENTS ANNUALLY IN LEADING NYC INDEPENDENT SCHOOLS (IN 7TH GRADE) AND NORTHEASTERN BOARDING SCHOOLS (IN 9TH GRADE). OUR ORGANIZATIONAL BUDGET INVESTMENT IN OUR STUDENTS LEVERAGES ROUGHLY $40 MILLION IN FINANCIAL AID FOR NEARLY 700 STUDENTS (GRADES 7-12) ANNUALLY COMMITTED BY OUR PARTNER SCHOOLS TO MEET STUDENTS' NEEDS BASED ON FAMILY HOUSEHOLD INCOME.
  Expenses $4,973,915
• COUNSELING PREP PROVIDES INDIVIDUAL COUNSELING FOR APPROXIMATELY 700 STUDENTS ANNUALLY THROUGHOUT THEIR TIME (RANGING FROM 4-6 YEARS) IN INDEPENDENT DAY AND BOARDING SCHOOLS. OUR COUNSELING TEAM MONITORS STUDENTS' ACADEMIC AND SOCIAL-EMOTIONAL PROGRESS AND PROVIDES ASSISTANCE, INCLUDING TUTORING AND EMERGENCY FUND SUPPORT, TO STUDENTS AND THEIR FAMILIES AS NEEDED. THE TEAM WORKS TO EQUIP STUDENTS, WHO ARE ALSO NAVIGATING ADOLESCENCE, TO ADDRESS ISSUES RANGING FROM IMPOSTER SYNDROME TO PERFECTIONISM; FROM ANXIETY TO DEPRESSION; FROM CULTURAL DIVIDES TO SENSE OF BELONGING. SERVICES AND SUPPORT ARE ALSO MADE AVAILABLE TO APPROXIMATELY 600 COLLEGE STUDENTS ANNUALLY THROUGH OUR UNDERGRADUATE AFFAIRS TEAM.
  Expenses $3,492,467
• LEADERSHIP DEVELOPMENT PREP OFFERS LEADERSHIP DEVELOPMENT AND PROFESSIONAL ADVANCEMENT OPPORTUNITIES DURING HIGH SCHOOL AND COLLEGE TO ROUGHLY 1,300 STUDENTS ANNUALLY. ACTIVITIES INCLUDE: SLEEP-AWAY CAMP; A PREP-SOTHEBY'S PARTNERSHIP FOR OUR SUMMER ARTS ACADEMY; A PREP-GOOGLE PARTNERSHIP FOR OUR INSTITUTE FOR ENTREPRENEURSHIP (IFE); COLLEGE GUIDANCE (INCLUDING CAMPUS VISITS); STUDENT LEADERSHIP RETREATS; SUMMER INTERNSHIPS AND CAREER SEMINARS WITH LEADING FIRMS, COMPANIES, NONPROFITS, AND PUBLIC SERVICE AGENCIES; EXPOSURE TO STEM FIELDS AND COMPUTER CODING; TRAVEL ABROAD, INTERNATIONAL LIVING, AND EXPERIENTIAL LEARNING; AND OTHER PROGRAMS AIMED AT EXPANDING STUDENT HORIZONS. THESE OPPORTUNITIES INCREASE STUDENTS' SENSE OF BELONGING, BROADEN UNDERSTANDING OF LIFE'S POSSIBILITIES, AND BUILD A STRONGER SELF-CONFIDENCE.
  Expenses $2,197,231
• TALENT SEARCH OUR ADMISSIONS TEAM IDENTIFIES 200 STUDENTS EACH YEAR FOR ADMISSION TO PREP FOR PREP, SELECTED AMONG NEARLY 4,000 ANNUAL INQUIRIES FROM STUDENTS IN NYC PUBLIC SCHOOLS. THE ADMISSIONS PROCESS IS EXTENSIVE AND HIGHLY COMPETITIVE. STUDENTS ARE CHOSEN FOR THEIR ACADEMIC POTENTIAL AND INTELLECTUAL CAPACITY, THEIR COMMITMENT TO LEARNING AND GROWTH, THEIR COURAGE AND INTEGRITY, THEIR DETERMINATION TO SUCCEED, AND THEIR RESILIENCE. ALUMNI AFFAIRS FOR PREP'S ALUMNI, NOW OVER 4,500 STRONG AND GROWING, WE BUILD COMMUNITY THROUGH A VARIETY OF ENGAGEMENT PROGRAMS THAT ENCOURAGE A LIFE-LONG COMMITMENT TO PREP AND ITS MISSION. ONGOING NETWORKING, PROFESSIONAL DEVELOPMENT, AND SOCIAL GATHERINGS, ALONG WITH OPPORTUNITIES TO GIVE BACK THEIR TIME, KNOWLEDGE, AND TREASURE, ENSURE THAT OUR STUDENTS HAVE ROLE MODELS, MENTORS, AND CHAMPIONS TO HELP THEM REACH THEIR FULL POTENTIAL AND FOLLOW IN THE FOOTSTEPS OF THEIR FELLOW ALUMNI.EXPERTISE & LEADERSHIP IMPACT PREP HAS A LONGSTANDING COMMITMENT TO SHARING ITS PROGRAM MODEL AND EXPERIENCE AND BOASTS A GROWING LIST OF MORE THAN 250 ORGANIZATIONS AND SOCIAL ENTREPRENEURS WHO HAVE BENEFITED FROM OUR KNOWLEDGE, METHODS, AND APPROACHES. ADDITIONALLY, PREP SUPPORTS ITS PARTNER SCHOOLS WITH INFORMATION-SHARING AND PROFESSIONAL ADVICE AND SUPPORT.
  Expenses $2,140,511

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

IRS record

EIN

13-2613383

Tax-exempt status

501(c)(3): Charitable, religious, educational or scientific organization

Foundation status

Publicly supported organization (170(b)(1)(A)(vi))

Donations deductible (Pub 78)

Public charity, 50% deduction limit

Exempt since

1968

Accounting year ends

June

Files

Form 990 or 990-EZ

Category (NTEE)

Education (B110)

Assets (IRS master file)

$62,971,854

Income (IRS master file)

$11,769,233

Filing history

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-2613383).

Questions about PREP FOR PREP

What is the EIN of PREP FOR PREP?

The employer identification number (EIN) of PREP FOR PREP is 13-2613383.

Is PREP FOR PREP tax-exempt?

Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1968.

Are donations to PREP FOR PREP tax-deductible?

Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).

Which annual return does PREP FOR PREP file?

Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.

When is the next return of PREP FOR PREP due?

The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.

When did PREP FOR PREP last file with the IRS?

The latest return in the IRS public files is the 990 for the year ended June 2025.

Who is the principal officer of PREP FOR PREP?

The 990 for the year ended June 30, 2025 names DIAHANN BILLINGS.

Who are the officers and directors of PREP FOR PREP?

The 990 for the year ended June 30, 2025 lists 93 people; 8 received compensation from the organization, the highest $404,769 (RUTH JURGENSEN, CEO THROUGH 11/15/24).

How much revenue does PREP FOR PREP have?

On its 990 for the year ended June 30, 2025 it reported revenue of $11,174,524, expenses of $15,467,973 and total assets of $62,971,854 at year end.

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