Nonprofit · EIN 85-2375850
PCS PROPERTIES FOUNDATION INC
Tax-exempt · NEW YORK, NY 10036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,543,664 | $7,473,512 | -$2,929,848 | $557,863,050 | $561,624,974 | -$3,761,924 |
| June 30, 2024 | 990 | $0 | $428,313 | -$428,313 | $257,288,129 | $258,005,039 | -$716,910 |
| June 30, 2023 | 990 | $25,453 | $284,344 | -$258,891 | $248,688,745 | $248,977,342 | -$288,597 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $4,205,719
- Investment income
- $337,945
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $41,743
- Accounting fees
- $22,025
- Occupancy
- $2,889,745
- Depreciation
- $1,129,075
- Program services (functional)
- $6,450,270
- Management and general (functional)
- $1,023,242
Balance sheet and other
- Total assets, start of year
- $257,288,129
- Total assets, end of year
- $557,863,050
- Total liabilities, end of year
- $561,624,974
- Net assets, end of year
- -$3,761,924
- Land, buildings and equipment
- $188,484,979
- Net assets without donor restrictions
- -$3,761,924
- Gross receipts
- $4,543,664
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2020
- State of legal domicile
- DE
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 |
|---|---|---|---|
| ALICIA JOHNSON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| YVES NOEL | TREASURER Trustee or director, Officer | 1 | $0 |
| NICHOLAS MARTINEZ | TREASURER (UNTIL 10/24) Trustee or director, Officer | 1 | $0 |
| JACK CHOROWSKY | SECRETARY Trustee or director, Officer | 2 | $0 |
| MATTHEW SHAW | INTERIM CFO Officer | 2 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JACK CHOROWSKY | SECRETARY Trustee or director, Officer | 2 | $0 |
| ALICIA JOHNSON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| NICHOLAS MARTINEZ | TREASURER Trustee or director, Officer | 1 | $0 |
| SUZANNE DEYOUNG | CFO Officer | 2 | $0 |
990 for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JACK CHOROWSKY | SECRETARY Trustee or director, Officer | 2 | $0 |
| ALICIA JOHNSON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| NICHOLAS MARTINEZ | TREASURER Trustee or director, Officer | 1 | $0 |
| DIANE FLYNN | INTERIM CFO Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1501 BROADWAY STE 1000, NEW YORK, NY 10036-5510
- In care of
- % ALICIA JOHNSON
- Mailing address (990-N for 2020)
- 1501 BROADWAY STE 1000, New York NY 10036
- Principal officer (990 for 2024)
- LESLIE-BERNARD JOSEPH, 1501 BROADWAY 1000, NEW YORK, NY 10036
- Principal officer (990-N for 2020)
- Alicia Johnson, 1501 BROADWAY STE 1000, New York NY 10036
- Signed the 990
- LESLIE-BERNARD JOSEPH, CHIEF EXECUTIVE OFFICER
- Phone
- (212) 991-2600
- Website
- WWW.KIPPNYC.ORG
- Return prepared by
- AAFCPAS INC
Mission
THE ORGANIZATION LESSENS THE BURDENS OF GOVERNMENT BY DEVELOPING, RENOVATING, MAINTAINING FACILITIES FOR LEASE TO PUBLIC CHARTER SCHOOLS, INCLUDING, BUT NOT LIMITED TO, THE KIPP NYC PUBLIC CHARTER SCHOOLS, AND TO FURTHER AND IMPROVE THE EDUCATION AND EDUCATIONAL OPPORTUNITIES OF SCHOOL-AGE CHILDREN LIVING IN AND AROUND THE CITY OF NEW YORK.
Program accomplishments
- THE ORGANIZATION UNDERTOOK THE DEVELOPMENT OF A PUBLIC SCHOOL TO BE LEASED TO KIPP NYC PUBLIC CHARTER SCHOOLS FOR ITS SECOND HIGH SCHOOL.Expenses $6,450,270 · revenue $4,205,719
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
- 85-2375850
- 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
- 2021
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $557,863,050
- Income (IRS master file)
- $4,543,664
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,543,664 | $7,473,512 | $557,863,050 | IRS |
| 990 | June 2024 | $0 | $428,313 | $257,288,129 | IRS |
| 990 | June 2023 | $25,453 | $284,344 | $248,688,745 | XML |
| 990 | June 2022 | $0 | $29,706 | $29,855,523 | IRS |
| 990-N for 2020 Officer: Alicia Johnson | June 30, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
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 85-2375850).
Questions about PCS PROPERTIES FOUNDATION INC
- What is the EIN of PCS PROPERTIES FOUNDATION INC?
- The employer identification number (EIN) of PCS PROPERTIES FOUNDATION INC is 85-2375850.
- Is PCS PROPERTIES FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to PCS PROPERTIES FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PCS PROPERTIES FOUNDATION 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 PCS PROPERTIES FOUNDATION 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 PCS PROPERTIES FOUNDATION 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 PCS PROPERTIES FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names LESLIE-BERNARD JOSEPH.
- Who are the officers and directors of PCS PROPERTIES FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does PCS PROPERTIES FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,543,664, expenses of $7,473,512 and total assets of $557,863,050 at year end.
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