Nonprofit · EIN 33-1174065
PROSPECT SCHOOLS INC
Tax-exempt · BROOKLYN, NY 11201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $12,013,097 | $11,089,950 | $923,147 | $5,809,356 | $3,553,436 | $2,255,920 |
| June 30, 2024 | 990 | $10,660,191 | $11,232,281 | -$572,090 | $5,175,027 | $3,842,254 | $1,332,773 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,682,097
- of which government grants
- $596,834
- Program service revenue
- $10,306,851
- Investment income
- $1,119
- Net income from fundraising events
- $22,917
- Other revenue
- $23,030
Expenses
- Grants and similar amounts paid
- $525,311
- Compensation of officers, directors and key employees
- $1,343,553
- Other salaries and wages
- $5,011,754
- Salaries, compensation and benefits (total)
- $7,989,748
- Professional fundraising fees
- $0
- Legal fees
- $9,350
- Accounting fees
- $45,155
- Occupancy
- $66,955
- Travel
- $63,576
- Depreciation
- $52,786
- Program services (functional)
- $9,338,874
- Management and general (functional)
- $1,296,356
- Fundraising (functional)
- $454,720
Balance sheet and other
- Total assets, start of year
- $5,175,027
- Total assets, end of year
- $5,809,356
- Total liabilities, end of year
- $3,553,436
- Net assets, end of year
- $2,255,920
- Land, buildings and equipment
- $527,543
- Net assets without donor restrictions
- $2,255,920
- Gross receipts
- $12,127,525
- Employees
- 61
- Volunteers
- 25
- Year formed
- 2007
- State of legal domicile
- NY
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 |
|---|---|---|---|---|
| TRESHA WARD | CHIEF EXECUTIVE OFFICER Officer | 50 | $329,706 | $27,027 |
| HILLARY PRINCE | CHIEF FINANCIAL OFFICER Officer | 50 | $242,034 | $51,962 |
| YEHONATAN SAMUEL-SIEGEL | CHIEF OPERATING OFFICER Officer | 50 | $209,969 | $66,969 |
| PAUL ASTUTO | CHIEF OF STAFF Officer | 50 | $199,616 | $62,296 |
| NOAH HELLMAN | DEPUTY CHIEF OF SCHOOLS Highest-paid employee | 40 | $170,498 | $64,071 |
| KECIA CLARK | CHIEF ACADEMIC OFFICER Officer | 50 | $209,969 | $18,655 |
| SARAH ANN CANEY | DEPUTY CHIEF OF SCHOOLS Highest-paid employee | 40 | $190,897 | $21,409 |
| STACY-ANN BRISSETT-ROSE | DEPUTY CHIEF OF SCHOOLS Highest-paid employee | 40 | $157,651 | $26,028 |
| TINA DASS | DIRECTOR OF SCHOOL OPERATIONS Highest-paid employee | 40 | $140,540 | $30,229 |
| SOUNG HO PARK | DIRECTOR OF FINANCE Highest-paid employee | 40 | $133,898 | $5,605 |
| PENNY MARZULLI | CHAIR/ SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| AHMED HAQUE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KATE WALKER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| STEPHEN BAILEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ELDRIDGE GILBERT III | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TRESHA WARD | CHIEF EXECUTIVE OFFICER Officer | 50 | $314,861 | $18,128 |
| HILLARY PRINCE | CHIEF FINANCIAL OFFICER Officer | 50 | $220,052 | $45,174 |
| YEHONATAN SAMUEL-SIEGEL | CHIEF OPERATING OFFICER Officer | 50 | $205,491 | $46,492 |
| PAUL ASTUTO | CHIEF OF STAFF Officer | 50 | $193,281 | $35,363 |
| LISA CHEN | CHIEF PEOPLE OFFICER Officer | 50 | $198,533 | $19,534 |
| PABLO TAVAREZ | SR. DIR. OF SCHOOL OPERATIONS Highest-paid employee | 40 | $138,695 | $35,263 |
| SARAH ANN CANEY | DEPUTY CHIEF OF SCHOOLS Highest-paid employee | 40 | $157,180 | $16,575 |
| KYLIE TAYLOR BARKER | SR. DIR. OF TEACHING & LEARNING Highest-paid employee | 40 | $160,408 | $6,448 |
| KIM RACCIO | SR. DIR. OF OF NEW SCHOOLS & LEADERS Highest-paid employee | 40 | $146,926 | $14,358 |
| GINA ELVIRA BARKER | SR. OF DIR. COMMUNICATIONS Highest-paid employee | 40 | $132,625 | $18,467 |
| KECIA CLARK | CHIEF ACADEMIC OFFICER Officer | 50 | $129,721 | $9,823 |
| JONATHAN MCINTOSH | FORMER CHIEF ACADEMIC OFFICER Former | 0 | $126,472 | $7,337 |
| PENNY MARZULLI | CHAIR/ SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| AHMED HAQUE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KATE WALKER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| STEPHEN BAILEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ELDRIDGE GILBERT III | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 397 BRIDGE STREET 9TH FL, BROOKLYN, NY 11201-5247
- In care of
- % HILLARY PRINCE
- Principal officer (990 for 2024)
- HILLARY PRINCE, 397 BRIDGE STREET 9TH FLOOR, BROOKLYN, NY 11201
- Signed the 990
- HILLARY PRINCE, CFO
- Phone
- (718) 643-1086
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
TO PROVIDE COMPREHENSIVE MANAGEMENT SERVICES TO THE BROOKLYN PROSPECT CHARTER SCHOOL AND OTHER POTENTIAL SCHOOLS IN ITS NETWORK AND TO RAISE FUNDS IN SUPPORT OF NEW YORK CHARTER SCHOOLS.
Program accomplishments
- PROSPECT SCHOOLS, INC. WAS FORMED ON JUNE 4, 2007 UNDER THE LAWS OF NEW YORK. THE ORGANIZATION PROVIDES COMPREHENSIVE MANAGEMENT SERVICES AND RAISES FUNDS TO SUPPORT BROOKLYN PROSPECT CHARTER SCHOOL, AN EDUCATIONAL CORPORATION THAT OPERATES THREE CHARTER SCHOOLS IN THE BOROUGH OF BROOKLYN, NY.Expenses $9,338,874 · grants $525,311 · revenue $10,306,851
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
- 33-1174065
- 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
- 2008
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B122)
- Assets (IRS master file)
- $5,809,356
- Income (IRS master file)
- $12,127,525
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $12,013,097 | $11,089,950 | $5,809,356 | IRS |
| 990 | June 2024 | $10,660,191 | $11,232,281 | $5,175,027 | IRS |
| 990 | June 2023 | $9,043,437 | $9,274,141 | $6,258,572 | IRS |
| 990 | June 2022 | $6,588,021 | $7,346,199 | $2,420,982 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about PROSPECT SCHOOLS INC
- What is the EIN of PROSPECT SCHOOLS INC?
- The employer identification number (EIN) of PROSPECT SCHOOLS INC is 33-1174065.
- Is PROSPECT SCHOOLS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to PROSPECT SCHOOLS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROSPECT SCHOOLS 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 PROSPECT SCHOOLS 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 PROSPECT SCHOOLS 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 PROSPECT SCHOOLS INC?
- The 990 for the year ended June 30, 2025 names HILLARY PRINCE.
- Who are the officers and directors of PROSPECT SCHOOLS INC?
- The 990 for the year ended June 30, 2025 lists 15 people; 10 received compensation from the organization, the highest $329,706 (TRESHA WARD, CHIEF EXECUTIVE OFFICER).
- How much revenue does PROSPECT SCHOOLS INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $12,013,097, expenses of $11,089,950 and total assets of $5,809,356 at year end.
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