Nonprofit · EIN 82-5209932
FRIENDS OF@PROSPECT SCHOOLS NY INC
Tax-exempt · BROOKLYN, NY 11201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $19,242,138 | $18,469,306 | $772,832 | $200,204,840 | $197,986,379 | $2,218,461 |
| June 30, 2024 | 990 | $17,047,846 | $17,179,816 | -$131,970 | $200,264,507 | $198,818,878 | $1,445,629 |
| June 30, 2023 | 990 (amended) | $13,587,814 | $14,007,769 | -$419,955 | $173,033,319 | $171,455,720 | $1,577,599 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $19,242,135
- Investment income
- $3
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $30,250
- Occupancy
- $4,126,835
- Depreciation
- $441,152
- Program services (functional)
- $17,653,865
- Management and general (functional)
- $815,441
Balance sheet and other
- Total assets, start of year
- $200,264,507
- Total assets, end of year
- $200,204,840
- Total liabilities, end of year
- $197,986,379
- Net assets, end of year
- $2,218,461
- Land, buildings and equipment
- $13,368,861
- Net assets without donor restrictions
- $2,218,461
- Gross receipts
- $19,242,138
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2018
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| HILLARY PRINCE | CFO Officer | 1 | $0 | $242,034 | $51,962 |
| DANIEL RUBENSTEIN | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAVID VON SPRECKELSEN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHRISTINA DE ROSE | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANIEL RUBENSTEIN | CHAIR Trustee or director, Officer | 1 | $0 |
| DAVID VON SPRECKELSEN | SECRETARY Trustee or director, Officer | 1 | $0 |
| CHRISTINA DE ROSE | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANIEL RUBENSTEIN | CHAIR Trustee or director, Officer | 1 | $0 |
| DAVID VON SPRECKELSEN | SECRETARY Trustee or director, Officer | 1 | $0 |
| MICHAEL ECHENBERG | TREASURER THRU AUG 2022 Trustee or director, Officer | 1 | $0 |
| CHRISTINA DE ROSE | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 397 BRIDGE STREET 9TH FLOOR, BROOKLYN, NY 11201-5247
- In care of
- % PENNY MARZULLI
- 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 SUPPORT THE OPERATIONS OF BROOKLYN PROSPECT CHARTER SCHOOL (THE "SCHOOL") BY MANAGING THE SCHOOL'S REAL ESTATE AND FACILITIES-RELATED NEEDS, AND BY RAISING FUNDS AND RESOURCES THAT WILL ENABLE THE ORGANIZATION TO PROVIDE SUPPORT TO THE SCHOOL AND TO ENHANCE THE EXPERIENCE OF THE SCHOOL'S STUDENTS.
Program accomplishments
- FRIENDS OF PROSPECT SCHOOLS NY, INC. IS A NOT-FOR-PROFIT CORPORATION INCORPORATED IN NEW YORK STATE ON APRIL 9, 2018. THE ORGANIZATION SUPPORTS THE OPERATIONS OF BROOKLYN PROSPECT CHARTER SCHOOL, AN EDUCATIONAL CORPORATION THAT OPERATES THREE CHARTER SCHOOLS IN THE BOROUGH OF BROOKLYN, NY. FRIENDS OF PROSPECT SCHOOLS NY SUBLEASES FACILITIES TO THE SCHOOL. RENTAL INCOME UNDER THE SUBLEASES AMOUNTED TO $19,242,135 DURING THE FISCAL YEAR.Expenses $17,653,865 · revenue $19,242,135
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
- 82-5209932
- 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
- 2019
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $200,204,840
- Income (IRS master file)
- $19,242,138
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $19,242,138 | $18,469,306 | $200,204,840 | IRS |
| 990 | June 2024 | $17,047,846 | $17,179,816 | $200,264,507 | IRS |
| 990 | June 2023 | $13,587,814 | $14,007,769 | $173,033,319 | IRS |
| 990 | June 2022 | $8,522,248 | $8,619,471 | $4,585,951 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 82-5209932).
Questions about FRIENDS OF@PROSPECT SCHOOLS NY INC
- What is the EIN of FRIENDS OF@PROSPECT SCHOOLS NY INC?
- The employer identification number (EIN) of FRIENDS OF@PROSPECT SCHOOLS NY INC is 82-5209932.
- Is FRIENDS OF@PROSPECT SCHOOLS NY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to FRIENDS OF@PROSPECT SCHOOLS NY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRIENDS OF@PROSPECT SCHOOLS NY 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 FRIENDS OF@PROSPECT SCHOOLS NY 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 FRIENDS OF@PROSPECT SCHOOLS NY 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 FRIENDS OF@PROSPECT SCHOOLS NY INC?
- The 990 for the year ended June 30, 2025 names HILLARY PRINCE.
- Who are the officers and directors of FRIENDS OF@PROSPECT SCHOOLS NY INC?
- The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does FRIENDS OF@PROSPECT SCHOOLS NY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $19,242,138, expenses of $18,469,306 and total assets of $200,204,840 at year end.
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