Nonprofit · EIN 20-5196171
ELM CITY COLLEGE PREPARATORY INC
Tax-exempt · NEW HAVEN, CT 06513
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $14,023,846 | $15,264,361 | -$1,240,515 | $24,699,039 | $2,417,199 | $22,281,840 |
| June 30, 2024 | 990 | $13,776,475 | $14,928,760 | -$1,152,285 | $27,399,477 | $3,877,122 | $23,522,355 |
| June 30, 2023 | 990 | $13,221,505 | $14,548,357 | -$1,326,852 | $28,123,202 | $3,448,562 | $24,674,640 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,369,957
- of which government grants
- $1,690,144
- Program service revenue
- $11,354,809
- Investment income
- $134,910
- Net rental income
- $146,890
- Other revenue
- $164,170
Expenses
- Grants and similar amounts paid
- $14,800
- Other salaries and wages
- $6,904,516
- Salaries, compensation and benefits (total)
- $8,292,500
- Professional fundraising fees
- $0
- Legal fees
- $894
- Accounting fees
- $44,253
- Occupancy
- $258,419
- Depreciation
- $1,419,249
- Program services (functional)
- $13,341,065
- Management and general (functional)
- $1,923,296
Balance sheet and other
- Total assets, start of year
- $27,399,477
- Total assets, end of year
- $24,699,039
- Total liabilities, end of year
- $2,417,199
- Net assets, end of year
- $22,281,840
- Land, buildings and equipment
- $21,822,879
- Net assets without donor restrictions
- $22,281,840
- Gross receipts
- $14,023,846
- Employees
- 146
- Volunteers
- 6
- Year formed
- 2004
- State of legal domicile
- CT
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TANESHA B FORMAN | PRINCIPAL Highest-paid employee | 40 | $155,648 | $11,418 |
| JAY D FORMAN | TEACHER Highest-paid employee | 40 | $101,570 | $22,027 |
| RACHEL SIEGEL | DIRECTOR OF SCHOOL OPERATION Highest-paid employee | 40 | $109,683 | $4,330 |
| ALLISON BARKLEY | ACADEMIC DEAN Highest-paid employee | 40 | $104,546 | $0 |
| RICHARD FERGUSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LAURA SAVERIN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| STEPHANIE MA | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| LAVONTA BRYANT | PARENT REP Trustee or director | 1 | $0 | $0 |
| PATRIC GREGORY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PATRICIA PIERCE | OUTGOING DIRECTOR THRU 09/24 Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARC MICHAELSON | SENIOR DIRECTOR Highest-paid employee | 40 | $171,389 | $42,535 |
| TANESHA B FORMAN | PRINCIPAL Highest-paid employee | 40 | $153,356 | $15,916 |
| LAUREN D'ADDARIO | PRINCIPAL Highest-paid employee | 40 | $136,075 | $17,834 |
| ALLISON BARKLEY | ACADEMIC DEAN Highest-paid employee | 40 | $109,308 | $7,500 |
| KATIE HAGEN | FORMER TEACHER REP Former | 1 | $102,345 | $9,177 |
| RACHEL SEIGEL | DIRECTOR OF SCHOOL OPERATIONS Highest-paid employee | 40 | $106,817 | $2,787 |
| ALEJANDRA LOPEZ VALDES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAURA SAVERIN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| LAVONTA BRYANT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PATRIC GREGORY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PATRICIA PIERCE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD FERGUSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SHASHANK GHIRIA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEPHANIE MA | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARC MICHAELSON | SENIOR DIRECTOR Highest-paid employee | 40 | $164,493 | $19,881 |
| TANESHA B FORMAN | PRINCIPAL Highest-paid employee | 40 | $140,046 | $17,604 |
| KARIN GOULD | DIRECTOR OF SCHOOL OPERATI Highest-paid employee | 40 | $113,168 | $12,242 |
| KATIE HAGEN | TEACHER REP Trustee or director | 1 | $98,590 | $15,866 |
| ERICA DEMOND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAURA SAVERIN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| LAVONTA BRYANT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PATRIC GREGORY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PATRICIA PIERCE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD FERGUSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SHASHANK GHIRIA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEPHANIE MA | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 470 JAMES STREET STE 007, NEW HAVEN, CT 06513-3175
- In care of
- % SUE RUOCCO
- Principal officer (990 for 2024)
- RICHARD FERGUSON, 470 JAMES STREET 007, NEW HAVEN, CT 06513
- Signed the 990
- RICHARD FERGUSON, CHAIR
- Phone
- (203) 773-3223
- Website
- WWW.ACHIEVEMENTFIRST.ORG
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
ELM CITY COLLEGE PREPARATORY, INC. IS AN EDUCATIONAL CORPORATION ESTABLISHED FOR THE PURPOSE OF STRENGTHENING THE ACADEMIC AND CHARACTER SKILLS NEEDED FOR ALL STUDENTS TO EXCEL IN TOP TIER COLLEGES, TO ACHIEVE SUCCESS IN A COMPETITIVE WORLD AND TO SERVE AS THE NEXT GENERATION OF LEADERS IN THEIR COMMUNITIES.
Program accomplishments
- ACADEMIC PROGRAMS FOR STUDENTS IN KINDERGARTEN THROUGH TWELFTH GRADE.Expenses $13,341,065 · grants $14,800 · revenue $11,372,089
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.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-5196171
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $24,699,039
- Income (IRS master file)
- $14,023,846
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $14,023,846 | $15,264,361 | $24,699,039 | IRS |
| 990 | June 2024 | $13,776,475 | $14,928,760 | $27,399,477 | IRS |
| 990 | June 2023 | $13,221,505 | $14,548,357 | $28,123,202 | XML |
| 990 | June 2022 | $11,376,710 | $14,561,784 | $29,255,777 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
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 20-5196171).
Questions about ELM CITY COLLEGE PREPARATORY INC
- What is the EIN of ELM CITY COLLEGE PREPARATORY INC?
- The employer identification number (EIN) of ELM CITY COLLEGE PREPARATORY INC is 20-5196171.
- Is ELM CITY COLLEGE PREPARATORY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to ELM CITY COLLEGE PREPARATORY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ELM CITY COLLEGE PREPARATORY INC 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 ELM CITY COLLEGE PREPARATORY INC 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 ELM CITY COLLEGE PREPARATORY INC 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 ELM CITY COLLEGE PREPARATORY INC?
- The 990 for the year ended June 30, 2025 names RICHARD FERGUSON.
- Who are the officers and directors of ELM CITY COLLEGE PREPARATORY INC?
- The 990 for the year ended June 30, 2025 lists 10 people; 4 received compensation from the organization, the highest $155,648 (TANESHA B FORMAN, PRINCIPAL).
- How much revenue does ELM CITY COLLEGE PREPARATORY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $14,023,846, expenses of $15,264,361 and total assets of $24,699,039 at year end.
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